 Good morning traders and welcome to the book map live training webinar. This is Bruce at book map We're gonna go through some live market analysis. We do this every Monday Tuesday and Friday So the goal here is to cover the education Friday that we have on our educational course on our on our website and all other content and Resources that we have now we're putting it to the test in the live analysis And this is like a foundational course or live Event that we do for you so that no matter what your trading style is you can Benefit from this and put this kind of Analysis or order flow reading into your trading style Then we have live trading by Jay trader stocks trader Wednesday and then Thursday Scott Pulsini a futures trader So we really try to cover all the bases for you. We also have Tom B. He is Right after this webinar, however, please note. He is away this week. He'll be back I'm sorry. He'll be back on Friday. He's away Monday through Thursday So look for him on Friday And we also have a crypto trader rain at 8 30 a.m. East Coast time So we're coming all the bases for you and we work hard to offer you high quality educational materials here so that you can You know learn and benefit from it and become a better trader Let's go through the disclosures and we'll jump right in 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 The risk disclosure trading futures equities and digital currencies involves a substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Okay, so let's jump in and Take a look here and see what's going on We just had some data here. In fact as you guys can see The Liquidity heat map here very dark here right before 10 o'clock. See you can see this dark area here And it's the pulling of liquidity All right, and they're pulling liquidity because they don't know what the number is. There's risk involved And this is what happens when There's data releases People pull their liquidity from the market now what we can gain from that though is understanding where other traders Believe that they still don't care. They want to stay in the market and get filled at these areas so they According to their analysis, this is a discount up here All right, so these are some of the things you can glean just from the heat map data and understanding What's going on during? Fundamental events such as this God, what was it? We had the ism Manufacturing PMI right this is an important news release here. So we want to understand What the participants think about this and we're getting that insight right here in front of us This is what they think it's a value up here Okay, so We see the move into this high liquidity here and through it and a flip of the order book And continuing to buy here. So we're looking for them to trade up to this 57 area here Okay, this is a strong move. Okay looking for 57. Maybe you can get up to 62 65 All right, let's zoom out though. We want the bigger picture Context that's just the immediate market. We're looking at here. Okay. Well, we see a beautiful trend here since about 6 a.m Onwards and a lot of buying coming in trading into high liquidity still more buyers Nice little sell-off right at 9 30 But it's still bullish here. We came down to the bottom of this range here There's high liquidity in here and and we see buyers come in and they're supporting it here on the bid Okay, so we're getting a lot of insight there All right, let me turn on stops and icebergs here And we'll take cvd off All right, there we go Uh, we also have the point of control indicator and also the vwap on here. All right, so Just uh, we have a few few different add-ons here. You can see that they're resetting here also at 9 30 a.m So your vwap might look different than mine because all of this previous Volume in here Is not within the calculation. Okay, so just so you know that with the vwap here All right, so let's see. Let's zoom in here. We just traded into this high liquidity here That's what we're looking for And 57 58 I guess and We still see buyers here. Okay, so we're still looking for higher levels here Now let's let's take a step back though and put this into context In our bigger picture Okay, and let me let me check for questions or anything here I think you guys can hear me fine in discord I think so Let's double check. Yeah, let me double check in youtube Aloha crypto surfer excellent. Okay. Yeah, we're all set um Okay, all right, so here we are we're still climbing higher and Up into 60 right now. We're talking about 62 and 65 Now we're getting up there pretty high So and we see a lot of high liquidity up in here. Obviously the The data here at 10 o'clock Uh, the reaction to it was bull bullish Stance in the market here. So we're continuing to go higher And we look for this. It's a strong move here. All right, but what is the context of this strong move? For the day here in fact in the in the higher Time frame levels here. All right, so let's take a look here Looking at just a very simple candlestick chart with volume in the sub chart This is a daily here on the left-hand side and you can see what happened here Last week we dipped below this important swing here at around 36 40 or so down below it And now we're seeing Some buying pressure come in right back Above it or into this range in here Okay, so pretty strong candle here on the daily Uh, now we need to see if they want to continue uh to buy or not if they do well We can see and move back up to here 37 32 or so somewhere around there right that would be here 37 32 that would be up by these wicks up in here on the hourly here in the center of the chart okay, so The the context here is we're finding buyers down here So we're looking for them to continue on up 71 here looks pretty good. Okay, and then also the top of this wick here 83 somewhere around in here. So it's a zone And we're looking to see if we still find more buyers So first is this kind of well, it's around 68 to 70 level that we want to take a look at All right now. Here's the 15 minute chart here on the On the right-hand side and let's take a look a deeper look into This level here that we were just talking about here. Okay, so around this a 68 to 83 or so, okay, so Here's our 68 level up in here And here's our 83 84 level up in here okay, so we're just coming up into it and Yeah, we we don't see anything different yet So we're still looking for a little bit of selling pressure starting to come in right now You can see on the wick at least After you know coming up to this swing here. So I'm still looking for Oh, they came right up to 62. Okay, so 62 looks pretty good there that is Now we really need to kind of take a look and see what's what buyers and sellers think of this market in here Okay, so it's a pretty strong candle so far But it just means that there's buying pressure on here. That's all Now we want to take a look at the The order flow here And see like what's going on. All right, so let's zoom in in book map All right, let's take the volume dot size down a little bit Okay, we see some some some sellers coming in here still pretty strong move Uh Right here. Uh, look at look at the sellers right here. Okay. This is this is something to take a look at Okay, now we need to get buyers back up above that Right now. This is a small move here, but it can lead to something bigger Okay, so On friday went through the this exercise in the webinar To go through and understand The different areas of Uh, you know putting the picture together where uh traders took control and understanding these moves in here Uh on all timeframes. Okay, not just uh on on book map in here, but uh, you know And then looking to see like if sellers are taking control of the market at this point Will it continue that way or not? And that and that's what we want to determine because in this little time frame here just after 1009 Sellers are in control Okay, they move the market away Okay, so uh Now that's a very small time frame though in the bigger picture buyers are still still have it here All right, they're still in control. We're still making higher highs higher lows and Just you know getting a getting a feel for uh the different Traders and the participants here uh in the uh in the market Right, so let's see if we can get our buyers back up to here and above it Okay, if not All right, and we see high liquidity here at 60 again Okay, now here comes our test if not What we're looking for is uh sellers to come back in here Okay in this range in here and take control and move it back down at least to the bottom of the range Maybe down here about 56. That's this liquidity down here. So there's some exhaustion. Here's some sellers coming in All right, let's see them continue now and and come down to bottom of the range here at 56 Okay, just 56 right now. That's it. Okay, and if we get enough sellers Then we'll be looking for them to come down further Okay, maybe down to this swing down here Uh around 54 55 uh or 53 down here All right, so again, we're putting this into context in here All right and understanding this process of of who's in control in certain areas Uh taking control All right, is there any questions on that like to to understand this this move here And how how important it is to understand the relationship of this to all of the price action that follows it Okay, see there's our move into 56 All right now we're still we want to see are we going to still drop below and and then you know We get more sellers to drop down into uh Uh 52 53 or or 4 whatever we were calling down here. Yeah 54 to 53. I guess Okay, or is this going to be like just dips down below and we get buyers come in and come back up into the tops of these ranges here Okay, it looks like we're getting more sellers at the moment. Uh, let me see if we had any questions here Good morning, jc kevson A bit more selling here Anyway, guys, let's just uh Mark up we'll mark up this area here, right? We talked about the the bullish move to the upside and then this changed everything Had this little area right here Okay, so now we're looking for down here Uh, and uh, we also talked about top of the range down to the bottom of the range here At 56 that's just already unfolded. So Let's see if we can get a bit more selling and then a nice move down into 54 All right, so now again This is on this time frame from here onwards and we want to understand the relationship Okay, so now we're getting buyers coming in here And looks like they're going to go for back to the top of the range here Okay, if they can't get through this area here And we get more sellers again down here right here Okay, we're looking for not only back down to the bottom of the range. We're looking for the push through it And uh, right now we don't really have too much insight We're back up into this middle of this range in here. All right, so Uh, let's see if any other markets you guys want to take a look at um, or uh, if uh If not, we'll jump back and put this in the context again. We're always putting this into context here uh understanding um Some of the price action in here in the order flow Okay to put this into into the context of of gaining some insight here And then looking for follow through so look at the sellers come in now Okay, they're taking control again and trying to move it away from this area here So up here, we didn't have too much insight. We're gaining insight now Okay, now we're looking for The continuation here down into 52 53 Let's see if we can get that Could get sharp moves right back to the top of the range. We've seen this uh environment so many times um We're still we're still looking for sellers here But this is where it's like an an issue of of probabilities It doesn't take much for buyers to whip it right back up here. There's not a lot of liquidity in here, right? So a buyer, you know, or a stop run or something can whip it right back up into the top of these ranges here No, no problem. That's where we want to look at the Participants in here to give us some insight and that that would be you know more here on the offer Down at these lower areas not dark in here Instead what we'd be looking for is high liquidity Like this in here. We look for these guys up here to pull And start adding lower like this Okay, and then get filled in here. Okay, see how we don't see that? And so here we are back at the top of the range Right, so that would keep you and this is really important. See how that kind of keeps you out of that trade Okay, so instead of like well, there's more sellers coming and I'm going to trade it down to 53 or 54 Right, that will keep you out of it, right? We're looking for something higher probability All right, and we can see the outcome here Uh, the buyers came in and that would that moved it back up into the into the range here and now we're breaking out Okay, back up to the high here at 62 Well, we broke out of the smaller range here Okay, not bad not bad on the buy side. Let's see if they can continue 65 Uh, and maybe 70 here. Okay, so now let's take us. Let's take a jump back here Okay, we're just reading this context in here and these guys here now We can even look at that again and put that into context right here Okay, so we're looking for a move above this 61 area here. Is that right? Yeah, about 61 Okay, and we're looking to see if buyers are going to move it away now from this area here And they're not they're not Not yet And now look out here. We might get our sellers right back in After if you can break this trend line here and get back down below our 61 here Okay, so just different scenarios. We're looking for in the order flow here Here they come First move would probably be down to about here 57 and a half You can see a matching up volume profile here for The session along with the liquidity heat map here. It's more at 59 here They're not really down here at 57 except on the smaller profile here Okay, and again a jump back here higher time frame Okay, and we left off here Okay on the higher time frame. We were still bullish Okay, we're looking for this 70 level 68 70 as well as Uh up to 83 I just want to reiterate. So we're reading the order flow in here, but we're getting a picture Of you know, who's in control and and and on what time frame Okay, so we we got some insight from this little move here And now we're above that move Okay CSM jazz you want to look at Gold and then also nq Business beyond sure Okay, look at these guys come in these sellers just moved it away here That's not bad, but you know, I'm looking for the move away here Around this kind of 61 or no 62. Let's call it here. That's why I want to see the move away Not not this this looks more like a maybe potential profit taking up here Uh, it's not a move away Okay, uh the move away here And this is something we look at and we've talked about this so many times about pivots, right? Uh a pivot move and an equal and we talk about measured moves as well Uh, so a measured move uh would be something like this here. Let's let's just take a look Okay, so here's our range And this would be our measured move Okay, and it lines up really nicely with 59 down here Okay, so something to to take a look at okay, we don't see it yet Right, uh and again the the selling in here just just took it to the bottom of the range Okay, so we're still looking to see if sell we need to see some sellers here move it They can trade down to we need to see them move it away here quickly We need to see this kind of move here this quick move here Down here. That's what we're looking for in this scenario here Okay now, uh if you see something up here like um Maybe some uh exhaustion or you know high liquidity in here and the reaction to it is is um Sellers and we start to see some sellers come in like on here See how we're still bullish in here because we don't see sellers right here. This is where we need to see them Uh, and then we're looking for the quick move down to 59 Right, so that would be like a a break of the range here All right, so and we don't see it right so we're still we're still bullish here Basically, uh, and we're looking for our 68 level up here Okay, and here we go. Okay 70 uh, and let's go back again jump in back and forth here on monday Uh, here's our 70 level. Here's our 84 level again. Okay. Let's take a look over here They are 83 84 is the swing up here Okay, maybe a little bit lower uh as well as we kind of looked in Not much more granular but a little bit at around 77 and a half or so Now let's match that up with heat map Okay, let's zoom out And I don't really see much uh until we get up to 75 Okay a lot here at 70 Right here at 70 Okay, 465 contracts there All right, let's let's jump over to nq for just a quick move here, uh and check it out And stops in icebergs Hold on. Sorry guys. Just a moment get there. I do not want them aligned. I want them on summation Well, lots of iceberg buying there Uh, just over time And lots of stops too Okay, well both markets are this is another thing to kind of glean from this information. Both markets are still they're still bullish here Right, so we don't see any any change. So we just stay with the trend here And we're going over the different scenarios on different time frames and learning from it, but you know They could turn into bigger moves. They didn't uh on the es And we're looking for that scenario in some of these areas in here Uh Down here we're looking for it. Uh, and notice how we didn't see it in here, right? And then we got the opposite move Okay, so In fact, we get a pullback here and they're supporting it And then the continuation here now the nasdaq's doing the same thing So just stick sticking with the trend until We see something different This is why I just love the correlations of different markets in here Okay, we can we can see that There's nothing nothing changing here right now. It just went up above 11 200 here Okay, and uh in the nasdaq e-mini all right any questions yet like we can go through uh Well, we went through the nasdaq here, um You know not not really I mean we're just we're not seeing uh just stick with that bullish trend here especially on the nasdaq the nasdaq was uh uh a bit bit more insightful I think than the S&P here Okay, about the bullish bullish move here. Uh, we jump over to gold as well. Let's take a quick look Nice move in gold Look at all this uh activity on the in the heat map here A lot of back and forth. All right. Well gold is just uh Actually the same pretty pretty bullish in gold. Uh, these are very strong moves Okay, and again look at the liquidity pulled here around the event Okay, and then we get the follow through or the the market comes back in Uh after the event Nothing really changed too much these guys were just pulled their liquidity and some someone stayed here around 85 16 85 And they all just added back in And they transacted And it's supported here on the bid again here And we see the nice move higher Okay, so looking for 1700 basically Uh, this is going to be a nice stop run there Okay, again, I have cvd and not stops in icebergs. Hold on Yeah, beautiful there Stop run and icebergs on the other side here Okay, so we're getting there. We're getting there. All right. So what now gold is obviously uh going along with the stock market uh indexes as well Okay, now we're getting up into our areas though of interest 72 Well, let's see. We came up to about 74 Uh, let's take a look again at our higher time frame here. All right. So we're looking we're talking about these wicks up in here Uh, and we're getting up there now Obviously, you can even see the the trend here on the on the hourly right here. We see the um Uh the move here Okay, and the trend channel Okay, so this might maybe this is as high as it goes This is where we want to look to the order flow Uh to give us insight Okay, look at this. Look at this, uh Beautiful exhaustion right here followed by sellers and they took these these buyers on the bid here Okay, right back down to this the very very quick move here, uh down to uh 68 Okay, bottom of the range Um Sure. Yeah, okay. So, uh, I think what you're talking about is um, you have multiple windows. You have multiple monitors uh, and Yeah, I I can I can demo something here in book map um, so Here for example, let's just use the same monitor. Uh, and then let's take a look at the um You know the the nq I guess right? Uh, and I'll put it over here And uh now there's this tool that we we don't demo very often. Um, uh, we're looking at gold here Let's go to es Uh, we this tool that we don't use very often, but um, I think this is what you're asking Uh, is uh this tool here. Okay synchronized charts Right. I mean you can see if I use the crosshairs you see that the vertical crosshairs is is on both Uh, so that uh, uh, you you know, I'm moving it back and forth here on the es, but you can see the vertical um Crosshair only uh on the on the nq so you can look at your areas in here and go You know, this is where we saw a big move did it apply also to nasdaq and it did you can see the the big green dots there all right, so uh So that's helpful But you want to synchronize these charts click on this button here Okay synchronized charts now the way the synchronized charts works is now I clicked on the button here From my es chart This is the master chart if I zoom in now on the es it also zooms in it shows the exact same time frame or zoom uh area On the nq now and you can see you can see that is synchronized here, but note that it's kind of grayed out Right, so you can't click on this chart If you do if you click on the nq chart now You're gonna like they will not be synchronized any longer. You will lose the synchronization So if I click here note that it's not synchronized any longer right now if I if I go back here and I click on this and synchronize The the chart All right, I just uh, I need to come back and click on it one more time Now if I zoom in here, uh, it it zooms also on both charts. Is that is that where you're asking? Okay, and then now this works on that just on the nq this works on all charts that I have open Okay, so on all of your different windows You should see that Okay, that's what you're looking for. Great. All right, so we got that covered Um, yeah, we don't use it very often. Um, just I think We don't get too many questions about it. I guess it's pretty straightforward as well as You know, I can't demo like multiple monitors in here So I have to you know show it on multiple windows multiple Popped out Windows here. Yeah, so we we could do the same, you know, if I if we do it for nvidia here, uh, you know, it's going to do the same Note note how there's a couple different ways to do this I what I did here was I double clicked on the instrument and it will pop it out I can also kind of just take it and drag and drop it And it will open up the same chart size as Or similar chart size as what I had just before All right, so now I'm I'm still let's go back here to the es click on that chart and then synchronize it here Okay, this is actually the wrong one. Sorry this es chart here And synchronize it now note note the gray button here. They're all synchronized, right? So if I zoom in on this chart, all the rest are zooming in as well if I zoom out, etc um, so uh Note the the vertical zoom that does not work. It's only the horizontal zoom Okay timeframes Can I please explain how exactly Uh, you are entering a trade. Yeah, this is something that is not a trading room in here And I can show you Multiple considerations for entering a trade. Okay real time as well. No no problem. I'd be happy to go through that We do it all the time But just note that our goal in here is Not to show one specific style Okay, we that's exactly what I was explaining early in in the webinar. Uh, that's why we have j trader a stocks trader On wednesdays and then scuffle senior futures trader on thursdays So they can go over exactly their style of trading right, it's We believe it's irresponsible to do that Here during these webinars, uh, because we are a trading platform Okay, we're not a A trading style You know a lot of people think oh you guys, you know mostly scalp Uh because you can show lower timeframes so nicely and yeah, it works great for scalping But it works great for also longer much longer term trading as well okay, so uh You can zoom out you can look at this here. You can look at your levels in here zoomed out and uh and start to look for uh, some sort of um Confluence with some of the higher timeframes, right? So like on our higher time frame We're still You know kind of going back and forth a little bit on that 15 minute chart We still see a little bit of a wick here, but you know, it's still kind of going up basically all right, so uh interesting now Point of control just moved up here. So means the most traded level For the day here is now up here at at 36 70 All right, so now this is kind of interesting because this could lead to a mean reversion trade up here All right that there's a lot of volume up here. Look at all this bi volume up here Okay, now we have some beautiful context up here All right, so I it's almost like a dirty word Uh to say context. Let me explain though. Look at all this buying in here All right look at down here Uh in the uh icebergs Okay, we just had uh, we traded here from uh How many icebergs that I have here negative 71 uh down to so like you know some some about 3700 icebergs just Transacted right here Right Okay, so now we have some nice confluence. There's buyers up here It created this created right here at this point Because of all of this buying in here it created the high volume node Okay And this could be a lot of trapped volume in here this whole area Could be trapped volume Okay, and then we're looking for the seller if that is the case And we we have icebergs to support this this idea We also have our higher time frame chart to support this idea So now we're looking in the order flow. Okay now here we see pretty pretty sharp move by the sellers It's not a whole lot of selling volume, but it was successful in bringing it away from this whole level here That's the most important part. Okay, we look for that to be with high volume Okay, but uh, it doesn't have to be So we're going to mark this up And then we're going to look for a measured move in here Okay from here Down to here All right, now we're going to mark that up with other levels in here Okay We talked about why these measured moves work Etc. So Now we've traded away from this zone here and we're down in this area here And now what are the buyers and sellers doing down here? And this is a pullback Can pull back to this area here 69 also back to point of control basically Okay, but this is the first level we want to look at now. Do we get our sellers in here now? Just don't like that the order book. We're not getting too much information from the order book And actually we're not getting too much information from buyers and sellers in here either But i'm i'm open to if we get enough sellers right down here around 66 For 63 62 uh to transact Okay, it's not ready yet. There we go. Here's a nice little move Okay, um, so Actually, this might be a good time to demo something. Okay, so again, these are not trade recommendations But i want to show you also the break even point indicator Hey, this is something we just released Right here and we'll go over that so Yeah, we want to see if maybe we can get a move from Uh here on down We just jump in here okay, and Okay, i'm gonna have to get rid of our point of control indicator here all right Okay, so see the green line here That's my break even point. Okay, because I just put in one contract. Let's put in two Okay, so now now that I have two and they're Yeah, actually I want to see I got a scale in and out of this to demo this correctly here But uh, maybe we can take some off down here if we get a move down there Yeah Let me just to just to demo this here. I might have to you know, take some some Early profit or maybe it maybe it can scale into it here Yeah, it looks like I'll scale into it Okay, so this this could be a trade now. This is not a trade recommendation whatsoever But um, uh, in fact, let's just scale in there we go. Okay, so Kind of top of the range right we're scaling in here. Okay. We got in here a couple positions We added another one up here at the top of the range and I have another one up here as well Just just in front of this liquidity here at 70 Okay, so see the green line right here This is my break even point I want to show this break even uh indicator in here And how it works because I scaled in and let's take the dots off for just a minute here Uh, and maybe best bid an offer. We'll take that off as well. Just maybe look at last trade Okay, um, so because I took my I I got in here short I added to the short to have two positions on as soon as I did that actually add a different uh price point here See how it kind of averaged my cost Okay, so now my break even point is a little bit higher here because I averaged into it All right, so uh now and then uh price went went back down And then it went back up and I added into a losing position here right here Okay, and uh didn't get filled here. So I I got filled here This is where my break even point because I added to this Is down lower Okay, now I want to show something in here with this break even point indicator. Uh is that um We can see that it jumped up a bit right But this is this is not your average position here. This is this is just showing you your break even point. Where would I be? um at zero Okay, it would be here okay, so uh and Okay, we get a nice move to the upside and it and it filled us at the top of the range here Okay, so now we have another break even point here Right it it moved up Right, so now it's up here Right, so we're looking at uh, how how this indicator here scales in Uh, and then shows me a different break even point. It's actually ironically is very close to my average See the purple line right here. Hey, that is my average Uh, a position in here Right, um, so an average is very very different than my break even point though Okay, in this case, they are aligned right, so let's uh, let's see if uh We'll scale out here a bit And let me go over some of the settings in here as well Okay, so this is really nice in here. You can put in your um per contract, um You know how much it costs so so your commissions you can put right into uh input into this indicator To give you a more accurate view of uh, you know Your trading activity in here Now this will work in ene mode right now. I'm in sim mode. Okay, but this will also work. Um in your live trading and You're going to have to put it in manually here, right because different brokers have different fees Uh different types of markets, etc. It gets very complex and we want to avoid that Right, so you have to put it in manually. All right, so you have to know your broker Uh in what they're charging you and then put it in okay, uh and then uh You'll see that the the calculation is different Okay, once you put that in right it it dramatically changed it down here, right? So uh, here here it is without the commissions and let's go without commissions for right now Uh, and then there's another one here. Uh, I want to show And as this thing runs away from us Okay, hold on a minute here and let's go back to our bigger picture. Okay looking good. It's coming up into here Okay, we're probably gonna get that move up into 80 83 84 Which is 10 points higher Not seeing much seeing something here at 80 Okay, anyway, we'll keep we'll just keep it open here. Uh, and we'll get back to uh Volume dots best bid and offer Okay, okay, so yeah anyway, um the uh Back to the top of the range in here now we we saw our icebergs in there. So we our trade idea was was um Due to these icebergs Uh, and then the move away here even though it was on very um light volume. It did move it away here Okay from from uh, this area up here and we had our point of control which was now is now here at at 36 70 Okay, so now let's see if we can get and we've seen this move so many times. Um, let's see if we can get um Sellers not only to the point of control which is here. Okay right here at At 70 uh, and we got filled there as well We're looking for sellers if they can push it through that on high volume Okay, so typically we look for a bounce off of the point of control Okay, but once we get up into these lofty areas up in here Then what we're looking for is to see if we can get sellers to push it through that back down into Uh lower levels here. All right, and we don't see that happening right now. Maybe they're still buying up here Still still buying These guys getting filled up here 75 they're in again with more here at 75 see We're Still this is undeniable these these stops and icebergs here which created that Or the icebergs which created that point of control So looking for just a retest back down here. It's been bound. It kind of went through it and bounced off of it High liquidity coming in just below it here At 69 and a quarter it looks like And let's jump around at some of our core looks at look at our correlations as well Okay, so nasdaq's uh Sold off to the bottom of the range here point of control and bouncing At the moment Okay, the figure's down here at 200 Uh where they broke out from See if the sellers can reach that There they go Come on sellers you should be able to hit that And maybe they can get down to 90 as well All right, so es should be following suit Kind of not really ESS seems to be a little stronger Okay, down to point of control Sell icebergs aren't stopping. Yeah. Yeah, they're you're right And they're continuing to sell so It's taken a while for this to kind of I mean it's been a bullish move. There's no question Right, but we're looking at we've been looking at this level here since the beginning of the The webinar here You got a little that little cell candle in here if we let's look at the daily here And it or just the day action So, you know, maybe maybe we can get a pull back to about here that should be about 60 You know something like that 62 maybe That would be down in here Again lots of buying here Right into icebergs In fact, let's turn on the on chart icebergs. This is uh, it can be pretty interesting. They're they're really on they're really in here and totally absorbing We can get a lot of information from this Here, yeah, and they're still absorbing 72 and a half Yeah started right here And look, there's another one up here 352 still up here at 75 Hey more here one just got filled They're executed another one executed here. Here's our 1000 almost 1100 icebergs Here's a couple hundred. Here's a couple hundred And then another one up here at 352 Okay, so we have a few different levels in here on icebergs One over here, which was significant and one a little higher here 75 is ibh. Okay It's back up there Okay, and they're still absorbing this guy's still here Okay, another another one just kicked off as well And then another 500 or so here Okay, another one here as well. They're just absorbing as much as they can Okay, now something about icebergs. We this is something that we really This is kind of important to understand uh, and And the behavior or how to read icebergs uh a little more or just an understanding of what icebergs are I think is is the right thing to say um These are larger players. There's no question about that Okay, and now they're getting filled at the price that they want to get filled at And you can see I mean look at how aggressive they are. Here's here's another one 71. Here's the 167 is still up here. Here's 107 is still here. Um, you know, so Now they're using it's basically a hidden order, but it's like it's like a limit order. It's just hidden Now when you use a limit order Basically, you know, it's got to trade into you and through you Uh, unless you have enough to absorb all of that that, um Uh, selling pressure Or you're buying pressure up into an area here. For example, and you're a seller with your limit orders Uh, for you to get filled or typically, uh for a retail trader, you're the end of the queue All right, they're Most of the larger players are already in front of you Okay, so what what that means is if you're going to be using limit orders basically, uh It's got to trade through you All right, so We all know that I mean we've you know the different, uh uh ways that, uh We've we've traded over the years like you know that you're gonna have to like it's not gonna It's very rare that it hits your price level for your limit order You get filled perfectly and then the price, you know, that's it. That's the you you top ticked it right, so Um, it has to usually trade through you and you're immediately at a loss And now larger players they want to get filled at their prices in these areas here and they are But they're averaging into it And we're seeing that behavior here with the icebergs So to understand that and and put that kind of context into your iceberg reading is what we're talking about here All right, so we know that there was a lot of icebergs here Uh, and um, uh, and then yet again here and we know that So that's just just fact, uh, and uh Now are we going to get kind of a shift here in the bigger picture that we're that we're looking for, um, you know down here Uh, and then also here In the in the bigger picture on our hourly and our on our 15 minute chart Okay, we're looking for that shift. Okay. Now. This is supporting that shift, uh, the icebergs in here Okay, we also noted the, uh Uh, point of control Uh, moved up and if we can move away from all of that buying in here Uh, now we can get a stop run and a nice move down to the downside Okay, so, uh, anyway just putting that into context about your icebergs Uh, it's not just because there's a larger player with lots of icebergs that the the market's going to see that and all of a sudden like, you know, go You know down to like, you know, uh, 3600 or something it's it's not it's not like that They can continue to get filled in here and average into their their position Okay So that that's important to understand now stops are something different Okay, so stops Uh, what we're talking about in here, uh, is uh smaller players like ourselves Okay, unless there's someone in here getting filled with you know, a thousand lot on the uh, On the offer, uh with their iceberg order Um, uh, you know the smaller players in here. We we we are very we have an advantage of being very very nimble Uh, but we we'll we'll take a stop loss very quickly Uh, and then um and get back in okay when we have an edge Okay, so stop losses are showing retail behavior typically Okay, where they are uh exiting the market Uh typically okay now the the stops here in the stop, uh, uh iceberg indicator Uh, what we are showing in here is Just we know that it is a stop order. That's all We don't know if it's a buy stop to enter or a sell stop to enter. Uh, we just know it's a stop. Okay, typically though Uh, when especially when you see a string of them, uh, it indicates that it's a lot of players getting stopped out Of their position Okay, they can't handle the pain any longer and they get they get stopped out. It could even be a margin call Or could it no, I don't I don't I actually I think that's wrong um No, I think they would um, uh the the um, uh broker would probably just you know at market He wouldn't be using a stop loss. He would just be at market Yeah, so so anyway, uh We're and where we see that that we so we can kind of read both players in here with the stops and icebergs indicator Right and that's uh pretty nice Now now we have another added bonus in here to take a look at at the top of this range, right? So let's let's step back again and let's take a look here. Okay. We were looking for buyers to to trade back up into on the hourly here Somewhere between here 70 70 Uh 71 or 70 to 72 and then 83 84 up here. Okay, and it still might do that Okay, it still might do that Uh, we still have a pretty strong bullish move here to the upside. So we were just looking for um Uh a pullback in here, uh, and then maybe a move lower And um, and wanted to demo this, um a break even point here. Okay, so Now we're identifying larger players here in this bigger picture With their with their iceberg orders We also identified the point of control up here due to These icebergs getting filled in here. It was the aggressive buyers in here trading right into them Filling them. Okay, that's when the point of control indicator moved up Okay, and I took it off right now just because I want to show this break even point And now we have something else now too. That's pretty nice is look at the high liquidity on the offer And a few different areas in here All right, so, you know now it it, you know, uh came back up into these higher areas 75 up in here And then we have even more kind of confluence here Looking for Now did we get our big stop run to the downside? No, not yet. Not yet Right. So buyers are still in this basically Okay, but we have another confluence in here. Look at this in here High liquidity on the offer and the reaction to it is what we want to understand It was also up here and we saw it up here High liquidity on the offer getting filled here. They lower it here They lower it here, and they're still here. They're right back in And they want to get filled All right, so let's see if they get filled here. You know, you can see our large lot tracker showing that as well Now this one player here That has about, um, I don't know 550 orders here at at 70 Anyway, guys, there's this this Is is context. This is what when we talk about context. This is what we're talking about here And putting these pieces together first off a higher time frame view Okay, that we we recognized in here And then secondly we looked at the order flow in here. We were bullish And then we started to see like these icebergs point of control trying to see if we can get a move away from it Because we were up at our zone. Okay, and then I demoed this break even point here Okay, and it's still it's still on it's still we still have it open here Okay, so uh now let's see if we get a move below it here Uh, and let's see where where would we look for? Okay, so, um In terms of the um, uh, I want to show some scaling out here. So maybe bottom of the range here Uh, we can we can take a look at that Okay, so I'll place An order down here Uh, we already have it Okay, well, I'll move it up a little bit Okay, so still hovering up here. So still finding some some buying interest and and haven't tangled with this Uh, 70 level yet. Okay very high liquidity though Uh, oh, yeah, let me show you um rob. Um good question on the break even, um Even the break even point indicator. Let me show you where it is. Sorry about that. That's uh my bad Um, so go to bookmap.com. Okay, uh, and then go to um now It I believe we updated the pricing page here No Okay, it is included though with global plus the global plus version here Okay, so if we if you look at it monthly, this is the cost. It's $99 a month Okay, that's one of the the indicators that's included and it makes sense Why is included with global plus is because global plus has the one-click trading Okay, so you need the one-click trading in order to get the break even point um and um the um Oh, yeah, let me show you where you get it. Okay, so first off I went over the pricing Um, and what is included with then click on the more button here. Let's go to the bookmap knowledge base Hey, this is really your hub for um Any of the resources and content? Uh, and then go to the add-on section not the user guide section Okay, and then you'll find it here break even point click on this uh, and then we have um On the right hand side, you know, just go down to how to install Click on this and that'll just scroll you down the page to to this area here Okay, and then how to install it. All right Okay, interesting. All right, so uh, all of these guys in here looks like they got their fill Or no not all of them. So this is this is another thing to understand We zoom in to book map and and and start to get a picture of this liquidity here at 70 Okay, which you know, it was significant Uh, did it trade? Okay. Yeah, they traded Uh, and uh and price still going against these guys these larger players in here Okay, so um And and and these traders in here are starting to pull that liquidity Okay, so we're getting insight from that. Hmm. All right. Well, we got high liquidity here filled Other areas in here high liquidity, but they're pulling All right, so we still have some maybe some pressure in here to take a look at on the buy side And it's still quite a bit of buying in here. There's still still moving this higher here more icebergs Still getting executed up here Top of the range at 75 ish There we go. Okay. Now that should be a nice little stop run there It is So anyway guys, I want to you know, what I want I want to cover here, uh What I think is important is using these indicators in here um And also reducing your risk. I mean basically like as soon as this was you know, kind of In our favor here a little bit Uh, you know just get stopped out of break even Uh, instead we're adding into the trade just to to demo, uh, this this product here, uh, but um Uh, you know, we were looking for something to to unfold Okay, and it didn't uh, it was looking good. We had our reasons. We're up at our top range On the higher time frame. We see these icebergs We see point of control and we're looking for a pull away from point of control on On some heavy selling. We didn't have the heavy selling in here That's the one thing that was and we noted it from the get-go. We didn't have it It was light selling that brought this down. Okay. It doesn't matter But we got to get the sellers down here at least in this range in here for it to move away All right, so uh, all it did was kind of trade back down in here. We didn't we didn't even get our measured move We in fact, I'll bet you we got half of it though Okay. Yeah, here's half of it Right. So again And that makes sense You know, you can get like kind of like half a gap fill or something Right. Uh, so we're looking for kind of half of the range Uh, and then maybe back up above and then we could look for a full measured move up here Now why I'm talking about measured moves again is we're talking about atr Okay, but we're trying to debunk Um atr is fine But uh, we're trying to debunk the Fibonacci levels That you know, look, uh, the Fibonacci levels is uh, uh, you know in this golden ratio, etc Like that is is is something um That The market it's about the market participants in here. Uh, it's not about Fibonacci levels Okay, now the measured move though or atr. It's like the market has only so much juice before it pulls back Etc or we're talking about areas where there's going to be stop runs Uh, and and we'll get a move down into an area and uh, and then a move back and forth and within a measured move Which makes that makes more sense. Okay to me at least Uh, but we can start to look at uh, like r 3680 up here. Okay as a measured move. Okay. It just it just went right to it Okay, so that's why we want to look at you know and understand some of these measured moves in here So uh And and now what the the important part with these measured moves Uh, and and your atr or whatever it is that you're looking at is to look for liquidity Uh and order flow around those events Around those areas here and this came right to it and beautiful beautiful move now We're still up here Okay, this is beautiful here right up into our higher time frame now Okay, so now we're really in our zone here Okay, uh, I would anticipate there to be some profit taking uh, and some sellers up here Okay, and there are okay. We can see the wick already developing here All right. We also had our stop run. Okay, so now we have icebergs getting filled Still even more here getting filled through another 300 Uh, another uh, 71 here now there's some on the on the bid as well here Okay, but you can see the overall in the summation and the cumulative volume delta is to the downside And we had our stop run now. So now we have a stop run at the top range Uh, we have our higher time frame Uh, and uh, we have lots of icebergs getting filled in here As well as in the order book getting filled in here at our 70 level Okay, so we have a lot of different things to take a look at One thing we need to see now is those aggressive sellers And to pull away from the market. All right, so that's what we'd be looking for in this scenario Okay, and we just keep on getting buyers here aggressive buyers. So it's not ready yet It's just it's just simply not ready yet Okay, now we're looking for it All right, so we're looking at little areas where when when and where this might start Okay, well, here's one possibility right in here. Okay, here's our stop run Okay, and then here's here's more buying back up above it. This is our pivot area in here where there's buying above it They're selling below it here sellers are in control on this very small time frame. We talked about this in the very beginning of the webinar All right, so now are we getting sellers in here though? Not yet Not yet Okay, we're watching this zone here in our 76 and a half here Okay, and let's see if we get some selling And bring it back down to the bottom of the range Okay, due to this little level in here And we don't we don't see the aggressive sellers yet Okay, we are back up above this little pivot here and these sellers here Right, so this is this is actually bullish Uh And let's see if we can get enough sellers right back to 80 here Okay sellers, maybe you can maybe you can get it right back down below now We're this is again the scenario what we're looking for here is some pretty heavy selling Okay, and we're looking for this move here Same idea Okay, so we're looking for them to shoot this down pretty pretty quickly to the bottom of the range here Uh around 73 Okay, break the little trend line here just down to the bottom of the range Look at these icebergs on the bid down here. It's kind of interesting One on the offer up here So we haven't seen our big sellers come in yet We're we're still kind of waiting and watching at at the top of this area here This is a little bit here, but it's just not it's not doing the trick yet Let's jump back to our nasdax you know, that's doing It's starting to break its trend line here Okay, we should see that reciprocate In the es Okay, this is not it's not bad on the nasdaq Not bad Again, want to see them pull it away here. Uh, maybe back down to about this, uh Uh, 212 area here right here not bad Let's see it sellers Yeah, this did break trend line as well Which we can kind of extrapolate out a little bit more Okay, all right. So let's see if we can get to All of this up here It are again our measured move. So right here basically Horizontal line here and let's put one in here. So we can just kind of Take these across Okay back into the range in here between 74 and 67 Okay, but should be a beautiful test down to about 70 here This this area right in here. All right, and let me get back to youtube For the global lifetime it says the Affiliate link that you should include the free add-ons package for one year. Yes, that is included Uh stops and icebergs is not included in that package. That's that's sold separately. It works with global or global plus All right, and there's a reason for that add-on to be separate Um, because that only works with futures from the cme Uh, and you have to have rhythmic data So that's why it's very very specific In that regard Okay, some ice ice buying here on the uh pretty significant actually, um On the uh on the bid Which is kind of not what we were looking for we saw all of this iceberg selling Here and here and there's a little bit of buying starting to come in here bigger picture though like, you know It's still undeniable. There's just lots of selling in here Okay, by the larger players. So now again, that's what we were we were mentioning before Larger players. They're selling like, you know using iceberg orders here Okay, but but price has still been going up Right. It hasn't really turned around yet All right, so uh, and and that's what we're kind of waiting and watching for And looking for that context to align and uh You know if that's if it's going to align today There's been days we've seen this Just massive iceberg buying like 30 000 10 000 You know 20 000 Yet price, uh Still goes against those icebergs Okay for the day for the entire day And you just it's baffling you're like wow that it's amazing. I've never seen anything like that Uh, I'm looking for it to the price to reverse and go the direction of those iceberg orders It does Uh, but it it might take the entire day or end of the day you you'll see that move or the next day And then you'll see probably multi-day move Right, so keep this in mind though We're talking about like order flow on different time frames here Okay, like with this break even indicator We're looking originally on a smaller time frame Just to demo it and then now we're kind of demoing it on a higher time frame like okay Well, we saw some things and we're in you know at this area here and we're just kind of you know Looking for that to start to align here All right, uh, and that this is like, you know kind of uh, uh, your your break even point on the For you know, uh for a larger a larger picture move here All right, so uh anyway, um the um Uh You know Putting putting these these pieces together here looking for and finally when do we get this edge in here? Okay, because we have we have lots of pieces here. We just haven't seen the aggressors come in yet That's the the big the big, uh Detractor here everything else is looking good Looking great. In fact, you know, we have our higher time frame hourly as well as 15 minute um, and We have The Icebergs, uh, we have high liquidity on the offer Getting filled in here. Uh, we just haven't seen any aggressive sellers. In fact, if we zoom out Okay, look at the volume here in the in the sub chart Okay Uh in the bars also in the dots is the the dots right now. We just have a lot of stuff on the chart It's a little harder to see Um, we don't see those sellers yet. They haven't come in yet All right, so we we're looking for them Okay, that's when we'll have this aligned uh, yeah, um That's exactly what you can get the stops and icebergs all by itself. Yes, absolutely Okay That that that's why it's sold on the book map marketplace Let me show uh here Okay, and then how you can get there All right, so go to bookmap.com Uh, and then we'll go to the more button here Uh, and we'll go to the um Well mbo bundle right here. You can click on marketplace here. You can click on mbo bundle. That'll take you right to it right and uh It should take you right to it. We just relaunched a new new marketplace in here So we'll do a search here for it mbo There it is Right here this one. All right So, uh, yeah, you can you can click on it and then you can subscribe to it just here Right, it's in the book map marketplace now the marketplace. We developed this Internally, uh, but the marketplace is for third-party vendors like hike and ashi here We're never going to develop that bolinger bands. We're never going to develop that We're going to spend our time working on other things that we think are more insightful for you that other people aren't doing Uh, but we get this demand and this is why we open the marketplace We get this demand for maybe some of these more classical or you know a different take on the market Like if you want your bolinger bands, you want your hike and ashi you can get them you get them here Okay, uh, what is it zoli? Store five bucks a month for bolinger bands 20 bucks a month for your hike and ashi Right, so there there you go Right and then the um, I just showed you where the uh Oops Where the mbo bundle is all right now you can also get rhythmic data here as well if you need it Okay, if you're if your broker doesn't offer it just type in rhythmic Uh, and you're going to get that Okay, uh, where is it? Yeah, right here, okay And there's no price on it. All right, let's go see details here I guess it's not uh Yeah, you have to reach out. I'll have to reach out to support on that. I'm not sure exactly what's going on there Okay at the moment for the marketplace We just relaunched it again. Okay. It's a a new version of the marketplace Uh, what hardware am I using? Um Yeah, yeah, it's it's um, it's it's a rise in five I think Uh AMD it's you know, it's a gaming computer, but it's an older one Uh, and um, I don't I don't know why you know mine may seem snappier than than others Uh, but yeah, you you know, let me let me show you where you can get information on that And also on on how to maybe uh, there's a few different areas on performance Okay, how to get better at the performance Um guys again, look at this iceberg, um selling in here unbelievable, right? Unbelievable. Well, not unbelievable. I should say but like it's very consistent. Uh, look at this in here why I just love this kind of stuff They're completely absorbing everything that is is thrown at them in here They're not allowing it to go above 75 here They're trying to get is this player at least is trying to get on as much as he can and he's still in here And he's already transacted Uh, 1671 icebergs actually it's a few different players in here. There's three different players in here Okay, they're absorbing as much as they can here Okay, and there it goes again now look at it. Okay now it traded through Okay, so they got what they wanted uh in here Here's this one executed here for almost 3000 2800. Okay, and they're still buying pressure Right, so this is why I mentioned about being careful about your icebergs Okay, and and the behavior of these players is very different Uh, and this is how to uh Use this indicator. Okay, this is a really good example Of like you know their position Uh, and you know, you can mark it up like look they're going to be in profit Below 75. Okay, so let's let's just take a look here. Um, and um I hope this is helpful for you guys Uh, if we look at this uh in here and I'm going to get rid of our measured moves and everything else uh in here for right now because we really kind of mark the price This up but uh Oh, no, I'll keep it. I keep it. We have enough enough space in here. Okay, so, um Um Let's let's mark it up. All right, hold on In fact, let's we we take desperate and offer off Okay Uh, and we'll look at just Icebergs in here for the most part Yeah, in fact, we can do that we take off stops Okay Okay, so just icebergs All right Yeah, this is great. Okay, so this is what we're looking for in in terms of icebergs Okay, and starting to understand position of larger players in here using iceberg orders Okay, quite a few in here. Okay, that's around 70 Okay, also quite a few in here not bad um around uh 67 or so right? Um Also in here, okay Uh also Let's look for the line in here In here Okay at our 75 level and again up here Okay, so 75 75 these are where our icebergs are And that is quite a few Okay, now let's take a look We've got that with the ovals in here And uh, we can we can take a look here. So if if um, and that's right in line with our our break even point way down here um, but uh, uh, this is where we saw the initial iceberg Tronch Come into the market All right, so somewhere around here Uh around 70 or 67 or 66 something like that okay, and Everything above here that has been the majority of these icebergs in here. They're still absorbing Okay, but the market still just keeps on kind of going up and they continue to get more and more size on Okay, that's that's the fact Okay, so now We have an understanding of not only when would these icebergs be in profit? Okay, uh, but um We have an understanding of uh all the different uh players Using iceberg orders in here. Okay, and where they're located And now what we're looking for in here is that context Okay, so this is Demonstrating really nicely how Uh, these players can have have price, you know go against them and they'll just they'll just put on more size Okay, but it's undeniable though. We're still at an an area up here And of of higher time frame uh that we talked about Uh, we have our icebergs up here Okay, we also want to look at the heat map And that will turn on everything else will turn on the best bid and offer Volume dots and the heat map. Okay, we also have our heat map showing uh liquidity filled up here and here at 80 Okay, we also have different measured moves in here. Okay, and now We're looking at um When we're going to see the selling start to come in Okay, now we just made a lower Uh lower high here So maybe we'll see him now and this is uh end of the Um european session. Okay, so what uh typically we see a lot of uh moves after The close of that european session. Okay, let's edit this drawing Okay, here we got you even have a trend line here. So now we're looking for our sellers. Okay again Okay, quick move right down to 70 here Okay, we have a lot of a lot of things here Okay, we're just looking for those sellers now. Okay, where are they are they showing up? Yep. They're starting to show up Okay, so here's our move Okay, now we're we're also looking for a bigger picture move here Okay, due to all of the context that we saw in here Okay, so uh, you know tom b is uh guys if you're looking for for tom b Um, he is away. I just need to let you know that. Uh, he is away. Uh this week He will be back on friday though Oh, hold on a minute here Okay There we go. Okay, so now now we're down to 70 here And still looking for the continuation Okay, down to 70 here. This is this is that area that we we noticed earlier Uh, that was really important because all of that high liquidity here now we're looking for the push through it okay, so Typically we look for a bounce here because of all this buying All right, but due to all of the other things we've been looking at i'm looking for sellers to push right through this here I'm not looking for them to bounce here Okay, they're ready to move the market. I believe Okay, so i'm looking for them to trade back down to uh, our previous levels down here Uh, this one looks really good here our level that we we just marked up here at um 67 okay, and uh, uh, and then we yeah look for the move back maybe down below these swings here Um, and our measure move is actually down here At uh 61 or so Okay So yeah, here's our push through uh 70 Okay, now we're looking we're looking for continuation All right, let's let's jump back here Uh Some of these wicks in here 65 64 Here's our 61 level. Okay, so uh and looking for the push down to and test some of these levels Hey, here. This is where we found buyers previously here on the in the wicks in the 15 minute chart Let's go into a five minute chart Okay, so i'm i'm just wanted to let you know about tom b and then i'm i'm going to go a little bit longer here Uh, if you if you guys if you're okay with that Because I want to you know, we're we're going through all this stuff here looking for this kind of higher time frame turnaround Uh, and we're going through all the all the bits and pieces Okay, and we're just waiting for those sellers and now we have that break here And we do see those sellers coming in All right, so and now we're looking for continuation on that sell side Okay, and this took now note again There's another thing to add into all of this all of this analysis in here And i'm not not trying to make a dizzying array of of uh analysis in here It's just it's really simple It's it's time frames The european clothes Okay, so you know Our you know, there's a lot of european players are are not they're done Okay, it's moved over to uh, uh us Okay, it's been us here since you know like I don't know three hours or so but uh um You know there was also european and and us uh session together Okay, burt. You want me to stay longer? Okay. Yeah. Yeah. All right guys. Well, anyway, uh, yeah bouncing around a little bit. Um But uh, yeah the sellers, uh, well, let's let's take a look at the selling in here. Okay, and and look at you know Like we did earlier where where they started to kind of take take control of the Uh of the time frames in here actually started up here Uh these two little areas here Okay, these two little shifts So right around, uh, what time here? Uh, this was um Uh 1132 so after the close, uh, and then here's another one here Around 1133. Uh, here's another one in here. This is this one's uh pretty nice. Uh, you can see here around, uh 1135 or so and here's another one here Okay, so what yeah retest back up to here Uh, and let's see if we can get more sellers in yet again Uh question by eighth trader Um eighth rate, it's not it's not cross trading that you're using for to to to route your orders to ib Um, it's it's just that we're connected to um You can connect for for futures you can connect ib directly, um to bookmap Or bookmap directly to ib data. I just don't recommend that you do that Um because the data quality is pretty poor Uh instead I would I would suggest that you get rhythmic data Uh and use your you can still keep your ib account open. That's no problem But just make sure that uh, uh, you have quality data We would recommend rhythmic, um, we're not getting anything from that business wise We just like the quality of the data. Okay, so and then now what you can do Uh is once you have that you can trade right from that Um from that rhythmic chart, but you can route your orders to um, uh rhythmic. Uh, I'm sorry your ib account Okay so um Now if you want to use the cross, uh trading What you would do is you would still you would be connected to rhythmic data You would look at for example your es chart here Okay, uh, and then you would, um Initiate, you know, I can't do it here because I'm in sim Okay, but you should you should be able to click on this this uh in the instrument panel here Let me let me remove it or hide this one. Okay, and then I'll I'll bring it back in so right click in here and then go, uh Add panel cross instrument trading panel And then in here in the drop down from the es you'll you'll select from the drop down the micro es Okay for rhythmic All right. Now it should I believe it should work where for your ib if you wanted to trade into a micro Uh, but you wanted uh your rhythmic, um here Uh from your es chart and it will route it to your micro in in ib Okay, does that make sense? I hope that answers your question Okay, so you do have rhythmic. Okay, you need to do cross trading So try that that should do the trick for you All right This is what you do. Okay, so then I don't understand what If there's any issue here Okay, and then uh, let me see if there's any more questions over here Uh, oh german holiday today. Okay. All right. Didn't know that No icebergs were not buying they were selling uh floyd heavily heavily Yeah, that's another reason why I like the uh to be honest a very different than scott Well scott trades he uses the the icebergs differently Um, but I like to zoom out and I look to look at the bigger picture Um with the summation. This is like cumulative volume delta So I look at it very differently than he does now look stops to the upside icebergs to the downside So they're selling and we we identified them in here. Okay, there was some on the bid too There's no question. There were some on the bid here as well and pretty significant in some of these areas Okay, but you can see in the cumulative volume delta is mostly to the sell side Right and we we're looking at our higher time frames. Uh, and then we had our reasons in here Okay Uh jp, I would recommend that you stick with your trade of eight data try rhythmic You can connect to both of them at the same time and then you'll you you judge it And this is something you want to um Uh, if you want to get rhythmic or not All right, if you want stops and icebergs you will need to get rhythmic All right, all right guys. Well, anyway, you can see like, um We finally did get down below This level here now. Did it do a measured move? Not yet. We're still kind of looking for that measured move to kind of unfold Uh down into here Okay, so we have our reasons still uh And let's actually put another uh take another one off down down here Okay, and front run a little bit Okay Um Geneve, I I did not send you a um, uh, there's there's people that are Uh using my same image and name in discord, uh, but the um important thing is look for Uh, the number afterwards Okay, so, uh, let's see if I can find myself here And show my profile. Yes, okay Uh, and it doesn't have my number Well, it's it's it's three nine nine three all right, uh and ask around in discord, uh because uh Uh, those guys are they've gotten really good at at finding these uh imposters Uh, and uh if if we're asking you for something or saying like check out these results or whatever it is It is not us. We're not in there to solicit anything All right, so, uh, um, yeah, just just so you know Yeah And that's another thing to come to to our our discord channel for you guys, uh because uh, You know, it's a pretty nice community in there And very helpful Talked through some of these things Lots of content in there Lots of good traders in there And and things that goes goes beyond this youtube in here The real bruce. Yeah, I should I should put that in there. Yeah. Yeah Well, someone else would say they they're the real bruce as well Um Okay, captain price. You're all over it looking for certain levels to trade. Yep All right. Well, let's just we're gonna I'm gonna take another one off here All right, so because I just want to demo the, um Break even point here. All right, so basically the same area. We just got out. I'll put another one down here Um, so but this is such a great tool guys. You're really gonna like it. Um Uh, in fact, I'm let me exit this uh, and I want because I want to show you a couple different things So I just exited I flattened my position. Um, this was our, um, break even point down here Uh, and uh, you know, we had our reasons for it And then the market just kept kept grinding higher kept grinding higher. Um, and then Uh, uh, finally went down below it here in into profit, but um What I wanted to show Was see you see how when we took profit here All right now my break overall break evens up a little bit higher So and this is overall on the position Okay, so, uh, uh, this this means, um, uh Even though I took some profit here All right, this was my previous break even here So I can have it go against me a little bit more and I'd still be in profit until this point here Okay, so and then I then I exited here and it bumped it up to here So now, you know, and now it's not showing any longer here, right? But it's back up to about 70 All right, so, uh This is a great way to use your scaling out tool So if you're, you know, we're we're in a position and You took one off now, you know, your overall break even Okay, so, uh, and you look for the You know, it depends if if you Um, maybe even let's suppose you're you're you're bearish and you want to get above this swing Well, you'd take a little bit of loss on, you know If it would go against you a little bit, but just a little bit right because you scaled out some So you can use this tool to really help manage your trading. This is an important tool to use All right. Now there's another nice feature in here, uh, and In fact, let's see if we can get get back in And I can go for a little bit longer guys and then I need to jump to another call But um, all right, let's let's look for um, let's we'll put in a an order in here To sell below here. Okay, or maybe we can even buy back up here I sell up here. Okay, so we've got a couple positions in here, uh, and just Looking to see if we can get filled in here. In fact, let's make it for two each Oops, oh did I what do I do here? Okay All right, so we're filled in two here all right, uh, and Let's see if uh, oh, this is what I want to show. Okay. So there's breakeven indicator. Um, now This is great, uh, I really like this feature in here What the developers did see the reset on zero here So now let's let's uh deselect that. Okay, so now if I this is this is reset on on my You know my current market position This is my breakeven point, right? And this is also the same as my average cost for this this position because I got filled here for two Right, so it's right here. All right as soon as I take a profit or loss though Or scale up a scale into this. Uh, this will be different than my average cost Okay, my average cost will go up a little bit, but my breakeven Actually, it might follow it. Um, anyway, there's a difference though between average cost and the breakeven right now Note that this is for a new position Okay, let's deselect this though. This is great because now It's the overall for the day here. Okay. What is my position? Where is my breakeven? so It's up. It's way up here right because we took some profit along the way, uh, so uh, if Now if I'm in a new position for the day and you believe that, you know, you want to you're short for and this this was a higher time frame Outlook here all right, so Your overall is is way up here. So this is where you would be At breakeven for all of your activity for this session. That's how this indicator works, which is great So, you know instead of like, you know getting maybe filled up here Uh, you know, you could let this run Uh, and then up to here. So you've given yourself quite a big buffer here to stay in this trade if you wanted to It's up to you. Uh, you know, you'll you'll have to kind of figure out what what is your your trade management style? um, your time frame, etc Right, so what you know that that one's up to you, but this is the way you can use it for a management tool Uh, this we did not we had something kind of similar before that was was developed by Uh, another brokerage This time, uh, we developed it and then we added this into it Okay, the developers did, uh, which is you know, fantastic. Um, I really like it So, you know, you can manage your trade for the day or the session. I should say Let's see if we can get maybe to move back to here and then uh another move back down Okay I'll just just jump in I didn't get filled Looking for a move back down to our 64 here Yeah, I didn't get filled. Um Let's see here. We can take one off. Maybe at 64. Let's see And then again looking for 60 here All right, this is a pullback or just this is just a pullback. We're looking for here Uh, and then continuation And we have our reasons for it All right, so make make sure that the the chart is In line with your reasoning here. That's that's really the key that let the chart tell you I even chased it and I still didn't get filled here Again, we're just demoing this here. It's not a trade recommendation Uh, but you guys can get a feel for it Through through the uh the demo here Right, uh understand like, you know, how to kind of place and manage your orders potentially for a different uh Depending on what your your style of trading is and and this this tool is really nice. It just showed you that Okay way up here Now we can go back to our over our break even now for just uh oops not commission. Um just for the um For this trade alone now. We just got filled here, right? So you can see our break even came way up here now just for this position alone, which is I still have one on Okay, but this is my average cost right here Okay around 66 and a quarter or uh hour a half Right. Yeah, right right there 66 and a quarter, but my break even is up here And let's let's just move that one away. My break even is up here at 68 and a quarter Okay on this new position here Okay, so I it can come up here and then I can get stopped out and I I made nothing on that, uh, basically So so more lines. Yeah. Yeah, it is another line. That is that is true If you can talk Tolga on and off though, uh captain price, uh, you know to to, um, you know get some insight from it Carl welcome Welcome back. I haven't seen you in quite a while I miss your jokes I need to say too high too low. Yeah. Yeah, since tom is away Yeah, guys, I mean we're looking for our move back down to here, right So that was our measured move Okay, and we're just we're just there. I just I just got filled. All right. So now Let me let me I still have an open order in here, right? I have two right here Okay, those two that I kind of chased and didn't get filled on All right, so we're gonna just cancel all here Okay, or just or hit flatten if basically cancel It'll basically close any open positions and then cancel Any open positions as well? All right. So now Uh, you can see the um, uh, the break even point up here for this position is closed in the line No longer displays in the market Okay, that's how it works Uh, now we can also take again a look at the overall here So if I get in them if I get into the market now Uh, this is my overall break even point up here All right, so that that would be for one contract only, but if I enter in multiple this will obviously start to come down All right Hey, hey, there's tom b right there Tom b2 Tom enjoy your vacation. It's not too high. It's not too low All right guys, anyway, I I I took up some of tom's time, but I also want to respect tom's time That is his slot. So guys like, uh, uh Just uh wanted to demo this thing for you and it took you know, we've seen this so many times like You know, it took the entire um Uh session here and then finally our move started to unfold Uh after european close here Okay, but we we're just waiting and watching waiting and watching waiting and watching We had all these reasons in here. Finally, we got our aggressive sellers. This is where they came in Right here Okay, we can see it All right, so, uh put these pieces together And you can capture some of these moves Right, that's uh, that's what we're looking for In the order flow to give us some sort of edge in here. So All of these different things in here, uh gave us insight and context to the potential for this move to unfold All right, and uh, and we got something uh so far And let's let's jump back again and look at our higher time frame All right So now our higher time frame Uh a little actually a little more tricky. I would say Uh our higher time frame at this point. We're looking at our five minute chart here And we saw this continue to push up and push up and push up Uh, and then now the higher time frame though is like, ah, I don't know I'm just looking forward to trade down to here You know 62 ish here Uh, you know, maybe or here, you know our 64, uh, and then you know some of these levels in here And then I'm not sure we need to see if there's more sellers that come in now Okay, now one thing we do have an edge on is all up in here We have a lot of different things of confluences to look for continuation So if that is the case, then we're looking for the next one probably down to You know somewhere around here 57 to 54. We have the figure obviously down here at 50 Uh, or maybe we can come all the way back down to to uh 40 here All right, so, uh, that would be about a 24 point move Down to 20 now you can see we're not getting a whole lot of moves here today I mean 24 points like some months ago would happen in uh, maybe five or 10 minutes Um, but uh, you know today it's just been uh You know, we're not getting that kind of range All right Keep going market help death help desk. Okay. I think we've gotten through everything guys. Um And uh, yeah started starting to beat it with a dead Dead horse here beat a dead horse. So um, uh, anyway We'll come back and revisit the price action tomorrow about you know, what unfolded today and all these icebergs And see if we get more sellers coming in to drop it to those lower levels Okay Let's wrap it up. We'll call it a thanks everybody. If you like the webinar, please give me a thumbs up there Uh and subscribe to the channel. Uh, we'll we'll have um More and more events and you'll you'll get kind of an alert or A notice when new videos and content is released as well as new Streams or et cetera you can sign up for those as well All right. Yeah, thanks everybody. Let's see. I think I've gotten through all the questions Yeah, we'll we'll wrap it up. We'll call it a and we'll come back tomorrow again If you're looking for for tom b. Well, he's in discord. It looks like And uh, he will be back on friday All right Thanks everybody. Take care. Have a good day. We'll see you tomorrow