 Good morning everybody and welcome to the book map live trading webinar This is Bruce at book map and I do the live analysis your Monday Tuesday and Friday 10 a.m and then we have live trading with J trader stocks trader on Wednesday 10 a.m. And then Scott will see you live futures trader On Thursday at 10 a.m. This all fits within the education that you get with book map I'll talk a little bit more about that later Let's just jump right into these markets and get going General disclosure need to read these very quickly here, but understand what you're getting involved with All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves substantial risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results and let's jump right in and see what's going on here in these markets Alright, so we'll read the order flow right off the bat here And then we're going to take a bigger step back though since especially since it's Monday and get a bigger picture View of what's going on here. Good morning everybody in YouTube also in discord Alright, so the bigger picture here Is well, I'm sorry the smaller picture today. You can see what's going on here Right around eight o'clock. We see this kind of move up into high liquidity here around this 18 level 40 18 or so somewhere around there It traded into it here. I traded through it and that's been the high of the cash session so far You can see the 930 cash opened down here Tried to go a little bit higher just made it above this small swing here and then sold off immediately and we're right back down It it immediately pulled back here. We can see some beautiful examples of market structure right here just by looking at the price action Back up to this structural area here retest here VWAP happens to be there as well The figure of 4,000 happens to be there as well and we're down below it now So what we have any new structure that we are in and accepting in here was the previous one Here's the new one and all right, so What's the order flow like within the structure? This is what we go through in here And I'll break this down into a higher time frame So that you guys can put these pieces together In a more cohesive plan So I got some good feedback from from a trader and I want to go through this at You know higher higher level here So that we can put this together in a more cohesive plan. I also plan on in the future Having some trader workshops. Hey, they're gonna be they're gonna be Outside of these advanced webinars. Okay, we're gonna what we're gonna do is we're gonna do and I Mentioned them. I don't know about a month ago or or more That the concept is to hold a workshop on risk management How to gain an edge? Okay through through data. Okay, that's really the key is to Quantify your edge Then we're gonna look at the order flow around these levels. Therefore, you're gonna be able to build a trading plan on On on whatever strategy you want to trade could be volume profile it could be You know price action or it could be Patterns and structure Doesn't matter candlestick patterns, etc. We're gonna Look at how to build a trading plan around that anyway They just want to let you know about that in the future and that's kind of where we want to go So that you can use this tool here because the insights are pretty tremendous So for example right now, let's just go through it. What do we read? What are we reading in this new? Information here this new range that we are consolidating in here. All right. Well, there's quite a bit of buying down here Well, here's a retest down here. I Don't see a whole lot of selling. I see more buyers So well then I'm looking for buyers to trade back up to 4,000 here Maybe they can break out. Maybe they can retest This area here and this structure where it broke from. Okay, there's another smaller structure here right here Okay, you can even see like the same patterns Existing that we're just making down here You can see it kind of back and forth in here and here's our breakdown Okay, so we're just about at 4,000 and I'm still looking for buyers to try to take this a bit higher not much but maybe they can take it back up into Somewhere around here. I don't see much liquidity up there But this would be the area here and that would be around 4,007 All right, so let's take a look here Doesn't look like they really want to do it right now I'm not really seeing a whole lot of buying interest That you know wants to take this higher at the moment We need to see that and that's where we gauge it. Oh, no, this is interesting. See how they popped in here at 95 Now we're finding our buyers. Great. Let's trade 4,000 here And let's see if we can trade through it and then up to 4,002 and then our level here at 4,007 Maybe we can reach that liquidity up here at 4,010 Okay, so just going through an understanding market structure and Understanding the volume within that market structure and also the liquidity in that market structure So we were looking at 4,000 first as a target now we're looking at 4,002 but also we like our level up here We just don't see liquidity up here at at 4,007. They're up here at 4,010 And so maybe they'll go past this 7 up to 10 Right, we're just trading into 0,2 right now as you guys can see All right, so there we go and just a quick recap on what we did here how we read this Well, we we looked at the structure here the breakdown the structure down below here and then we looked at the volume within this structure here and We noted wow, there's a lot of buying in here. I Don't see a whole lot of selling especially down here So and we were already we were talking it was it was somewhere around here You can even see where we drew the edge here of the box so somewhere around in here So we're looking for the move back up to 4,000 And then we're looking at 4,000 And we noted the buying and the lack of selling down here So it made sense that okay Well, let's see if we can break this up into this liquidity liquidity would be the target So a target achieve there on that one and then if there's more buying and we didn't quite know at that point It wasn't that interesting we got up here and then then we saw this come in at 95 here And we saw the reaction being buyers come coming in streaming in it's like okay All right, we got something here now the reaction to this new demand at this higher level here is buyers So we're looking for 4,002 Or maybe we looked in it was it was here Maybe they were already in here and then they came back in and we saw who buyers starting to come back in Okay, we're looking for it And then o2 let's see where are we now we pulled back a bit here. We're still at o2 made it up to o5 here And we're still well, we don't see anything different yet So we still go with this trend up to now look at our o7 level Okay, we were looking at o7 up here previously Now there's liquidity there So that would be the target We didn't have that target earlier because we were thinking maybe well, there's no liquidity there. Maybe they're up here at 10 Maybe I'll go there But now we're looking for 7 and it's already it just did it. And so they're even stretching for 10 here Are there any questions on this? We can go through that process again if you like I just want to make sure that you guys understand This is not rocket science at all This is I know that book map can look rather complex. It's like we demoed the last week We did went through a nice Kind of demo I thought You can take a look on YouTube I'll show you where it is the previous webinar Okay, so you can go up to our YouTube page here scroll down a little bit and live streaming recordings here it was This one here so Click on that and how to read Only price action and liquidity then how to read only price action and volume so going through that exercise and Simplifying what we're looking at here can be really really helpful And understanding that that this is not complex. It's just we're looking at volume and liquidity within the price structure And that allowed us it gave us an edge to look for this potential move here Up into these areas All right, so and that's it. It's it's it's about is as straightforward as that All right, so let's let me get back to the chat Greedo welcome. I haven't seen you in quite a while What do I mean by structure? What to find structure? Yeah Well, actually we have a blog article on it. It's also in our YouTube channel as well on The part one of our educational course that you'll see All right, so let's actually go to that Okay, so our YouTube channel here scroll down Bonus materials book map educational course watch part one here Okay, now it you know, it may look like it's an older version of book map it is However, the material is Exactly the same as what we're doing going over right now. Okay, so this is it's timeless here It's just market mechanics. It's how the market works and we go through this in detail here All right, so there's four parts to our educational course and you guys have access now to all four parts Okay, so there's that there's also on our book map website, let me show you another resource here Hey, you can go to the blog click on the more button and go to the blog or we can just look up and do a search for book map market structure and And What is market structure and trading right here? Okay, and just click on that and that'll take you directly to the blog article All right So in here it took it took us down to the Q&A just scroll back up to the top And go through this. This is really essential stuff to understand Okay, higher highs higher lows lower highs lower lows equal highs etc But this is again structure that we're talking about here Resistance support or in our case supply and demand Okay, because we know there's supply there with liquidity So yeah starting to understand these structural areas. So what we're talking about in structure is we're talking about an area of consolidation Or trend or breakout or you know, whatever it might be But typically it's the market consolidates and then it and then it goes in a directional area they or Yeah, there's consolidation in those directional moves And we're understanding consolidation and then the pressure within that consolidation for the potential for this move here All right. So again Outlining the structure which is very very simple to do Okay, we can just look at we can take the volume dots off and everything here and Just look at best bid and offer that creates market structure. So This was what we had lined up here In this rectangle and then we looked for it some some sort of insight in here and we got it Or it was down here And we got it and then we were looking at seven here Okay, I know this is all kind of review for a lot of traders in here, but I did want to Step back here because this exact same process is Now we're going to take this to the higher time frame And this is where you're going to find so much use out of it And it is all based on well in fact, let me even let me go the opposite direction here Okay to understand like how you know these markets are fractal you hear that You know all the time But let me show you what fractal, you know means here. Okay, you know, it's the same like if you look at you know, kind of like You know tree branches There's fractals within fractals within fractals like the tree grows One branch leads to two that leads to four that leads to eight and then that structure is always the same no matter, you know How how much it kind of Extends same thing here same concept in the markets and it the markets work like this At at these market mechanic levels in here. So I'm going to clear the drawings Okay, and we're going to look at this small little structure in here So this is a consolidation and it has a slant here to the upside Because we're we're seeing more volume within this consolidation Trading up here look down here. Do you see sellers down here red dots? No, this is exhaustion There is no there are no sellers here. There's no interest There's some exhaustion up here on the buy side nothing trades up here We see some sellers come in and they test it again back down here They test this level. Is there any interest here? Does anyone want to like a buy from me? I'm a seller. I'm hitting the bid. Does anyone want to buy is there any market down here? No, not really We rotate back up. We find buyers back up into the range here And if we get enough up here, what we're gonna get is the trend of small trend continuation or breakout here And it makes sense. They're exploring this area up here and if there's enough buyers Well, they'll take all the liquidity up here and price will go to the next next level Okay, now what happened here in this small little range in here. We've got a little bit of volatility in here and We test it up here twice No one bought up here. This is exhausting out again So we trade back into the range and a lot of sellers all of a sudden come in Okay enough sellers here to get the exploration to the other side and Look how we now created a new range here Here's the range that we're looking at earlier and it was trending slightly upwards Well sellers changed it right here. This is where it changed Okay, we had a little bit of insight here That it was selling here But so what buyers took it back up and they started it auction off up here started auction off up here Not enough though to break it and trade up here It exhausts out we see this is where we see the sellers come in Now we're looking to see. All right. Well, that's enough selling down here. Can they trade back down here again? Yeah, sure they can they did. All right. Well, we're looking for them to try to explore it a little bit lower here And we got it Okay, and then you can see what happened again. So this is a false breakdown And buyers come in and now they move it and they very easily with high volume High volume. This is the kind of directional move that we look for See the distinction here. Look at this Look how this here Comes in and heavy heavy buy volume and moves that market higher Okay, they're gonna move it away from this whole range in here this whole little range in here and they did and Then sellers can't came back in and took it right back down now This is this is whippy in here But I just want to go through this concept and then we're gonna take it to the higher time frame And then we want to we want to take this these kind of basic market mechanics understanding of what makes the market move and Then extrapolate that to the higher time frame and let's do that. So let's look at a candlestick chart here Sorry guys. I haven't gotten to the questions yet. I know someone was asking about absorption and The sweeps indicator and we'll take a look at that, but this is what I want to go over here this same concept On the higher time frame All right, so let's look at what we can look at the daily chart here and I mean we cover it all the time Here's an here's an area of consolidation here A price came back down it went sideways here the next week opened up it Slightly went down below right here with this little wick that came right back up back into this range here And then finally it broke and see how it broke It's like a on heavy selling And it moved the market away from that area and it established a new trading range down here now These are big ranges. We've we've been it's very whippy in these areas a lot of volatility in here Nonetheless, it's still a range. You can see the tops up here several days and the wicks Down here, but then they kind of rejected and came back up, but you know, basically you get the idea Okay, that now we're trading down here in this range away from this previous range Look at today and look at last week. So now we are in this range down here This is this range and Concept is no different than some of these ranges in here Now we're you know truly when we start to zoom in here We're looking now and this is the definition of micro structure a microstructure means like sub second And that's hft levels basically none of us are trading at that level unless you're trading algorithmically But this is the true definition of micro structure Okay, and you can see all of these all of this action in here The sweep of the order book here. It's a stop run as well. We identify it. We have a stop run indicator here so And a lot of times we move to a new trading range or level due to a stop run Okay, and then price accepts lower Sometimes it's a stop run and we we come back into the range and we find buyers come back in and move it to the top of the range And it stop runs to the top and then moves right back in the middle. It depends All right, so anyway Yeah, just want to get through some of these definitions in terminology but the main point is This action here is No different than looking at the daily or even the the hourly here or the 15 minute chart here on the right Okay, it is within ranges and it's just a bigger range the market mechanics are the same. There's just more All right. So anyway Let's take a look at these bigger ranges and let's put this into more cohesive plan or understanding of the structure All right, so well, let's start with the daily Well, we ended Friday here with a the move higher and we were looking for that In fact, let's look on the hourly here. We're looking for it in here. We saw that big gap Friday and We're trading up here and right around and through here when we would be a webinar started It's like look, you know, we're gonna look for the bigger picture move higher And we were looking for the move up into at least up here around 18 or so and we talked about these wicks up here as well This is where in this range or this area up here. There were sellers So we saw the momentum we saw the gap and we don't see too many sellers in here We're looking for the continuation higher and we got it And then we later in the day we got a pullback and they come almost all the way back down here But they come almost all the way back up here as well Now look at today. We're stuck in this range again here. This this low is what 39 75 And you can see that we're kind of up here Somewhere around this. I mean the wicks here for today. It's around 40 16 or 17 somewhere around there From previous days there. It's up here. So around 28 or 30 somewhere around there Right now this this hourly chart here. I'm not getting anything from it right now. I see No direction here And there's just an equal candle that's green basically on the other side here I was kind of looking to see if we might kind of tap higher and up into these areas here And then fill the gap today. We might later in the session But maybe we have to go a little bit higher here to find more sellers and then and then fill the gap But that's another scenario to look at on this higher time frame Okay in the 15 minute chart Well beautiful little area in here from this wick here and you can see the retest to that area Okay, the auction came down here and retested this area. Are there more sellers down here or more buyers that lifted it on Friday? Well, yeah, there were and we're back up here Yeah, there are more sellers up in here. Yeah, we see a wick right now All right, so let's go through another scenario here. Now. We don't know right now. We don't have really too much of a bias here However If we can get back up above here with buyers and we see strong volume coming in on the buy side in the order flow Then there's a higher chance that we're gonna retest back up into here Where there was previously sellers? Okay, these are really simple concepts though in the bigger picture where are the buyers? They're down here where the sellers they're up here. That's it Okay, now let's look at smaller time frames and go through the same process And let's turn our heat map back on And let's turn those volume dots down a little bit Okay All right. Well, here we go. We came back up and look what we did we retested We were we left off around seven or ten somewhere around in here Buyers continue they test it up here and they even broke the cash high here Swing, right? So that's what we see so far It's sold off immediately after after that. Basically, it looks like it did one more test up here And then it sold off and retested back down here. Okay, this little swing here And then look at the buyers coming in again. Great looking for 20 then looking for 20 Hey binds look see it coming in here looking for the push higher And there it goes. There's 20. All right. Well, let's take a look. Let's zoom out again All right. Well, maybe we can get up a little higher here. Maybe maybe we can retest back up here 25 a liquidity up here around 27 30 also 32 Okay, so now We can take a lot of this activity in here Or now we have a kind of an understanding of market structure And the volume and the the the supply and demand within that structure Hey, we just traded into the high liquidity up here at 20 All right, and look at the selling coming in now I mean, there's still still buyers are in control in this move here from 15 on onwards But now we see the selling coming in here. So we're getting a pullback here Testing testing 15 here. All right. That's let me get to some questions here. Okay Yeah, yeah Tom MC local Tom goes into fractals, etc He looks at structure a lot differently. Well, I mean, they're all it's all really quite similar So the He's looking at volume profile structure Transactions and in a in a different way of visualizing the market, which is volume profile And and that's that's the way he looks at the market structure Okay, we're kind of we look at it a little bit here and there, but I don't want to cover that exclusively Even though we know most of you guys are looking at volume profile, which is fine. I mean, I I mean like It's not I just want to there's lots of traders that trade many different ways Okay, and a book map is a platform Tom. Tom is it is a trader and He has a very specific way of trading Hey, well book maps a platform. So there's many different ways to trade and that's why we do the market analysis like this And that's exactly why we have J trader and Scott so watch how they trade specifically and also can you can learn from them And we think that's a pretty complete education for you Yeah, Lewis Lewis went through I Love it. I I got it. I got the Okay, MC look at you. No Tom goes through it, too I try to go through it in detail because it's so important to understand Market structure is is really what you want to understand the crazy thing about the market structure is like he don't have it in fact It was enlightening for me To learn about market structure from the bottom on up So at the most at the smallest time frame That's where I really learned about how these markets work and Then that was extrapolated to the higher time frames usually it's the opposite a lot of traders like they Do the exact opposite? It's like oh we look at the higher time frame and then drill down into the smaller time frame. Well That's not bad, but I am I am utterly convinced This is how the markets work Okay on these very small time frames market mechanics is very simple stuff in here Liquidity or supply and demand if without orders in this market. You don't have a market Okay, now the aggressors are the dots So they're the ones that are taking liquidity. They are the ones that make the transaction Where these are the sellers and they're matching with the buyers They're these sellers here are matching with limit buy orders on the other side, and that's it Now this is a breakdown It was there more selling where they're gonna go for this 08. They didn't They come back up here. Do we find enough buyers? Not now If we get enough though up here, maybe they'll start to move it higher back up into some of these other Previous areas where it can transact. That's your volume profile And a micro a more micro level here Even this is not microstructure But Okay, so it lifts up into that area. It starts to auction up here starts to auction up here again Hey, and then all right, so let's see. Can it continue here? No exhaustion back down to the bottom of the range Some continuation on through beautiful continuation here So anyway starting to understand how these markets actually Work and then taking this this information And then it just moving it to all time frames all of them And it works on all of them. It is the same thing this this wick now it came up here We didn't really have too much insight Well, look at the what what is this up here? This is rejection of that area it it could mean a couple different things in this wick and we don't have in this wick here We don't have any information about volume or Supply and demand because you know candlesticks not showing us just showing the price action within an aggregation Of one hour in this case And we don't we have any insight But we know it didn't accept up here that much we know So we come back down and trade back down into the range here So this rejected. What does that rejection look like? Well, let's look at it Let's zoom out in book map and let's get more insight to it Okay, well here it is so this was actually a nice nice trap also. It's a stop run here as well a Lot of times you'll see something like this And then it rejects and comes back into the range just like this guys look this is actually beautiful We've been covering this one for a long time As well now we have stop runs on either side here as well and this will lead into the absorption and sweeps and Understanding these areas in here Okay, so in this case that wick is had all this by volume in it. Okay back up into 20 And we're looking for that move into 20 and the continuation Maybe 25 maybe 30 etc because this is what it takes to move away from the area. Well, what happened? Sellers came in just almost equal amount of sellers Came in and brought it right back down to the range And back down to a range where it can trade which in this case in this auction in here in this range of price action Okay, this is where the profile comes in This is where it can trade down here because it it seems comfortable. It's value It seems kind of a normal price range. This was not Okay, and then here's another one now to look at the breakdown and look at the selling here Okay, now this can be upended to and we know it's a stop run here's a stop run down here and Was a stop run up here too So a lot of these are stops, but what we're looking for is what happens after the stop run Okay, in this case sellers came piling in so a mean reversion trade is not a bad idea Okay, and then possibly to the other side of the range too because there's gonna be some buyers in here That they're gonna get stopped down here, which is precisely what happened Okay, so that wick Here's what it means in the order flow They trade up to 20 they trade through some of these areas in here We had a stop run in here and It's pretty strong volume Well, if you look at your candlestick you would think well, it's not strong volume is probably exhausting up here. It's not It didn't exhaust it traded Up here and that's what that signifies it It actually means that there's trap ball some trap volume as well as like a lot of people just got stopped out And it just rotated back in we did not find enough buyers up here to take this higher In fact, here it is we found sellers and they took it back down Okay, so once you start to understand that you can look for these moves back to them the mean or the other side of the range Hey now when we talked about this one in here too Okay, so far we're accepting down here All right, but we got some buyers are starting to come back up now. Let's just zoom in here and let's take a look Finding some buyers. They have not broken this structure though yet. You can see it's right here top of this range All right, here they go. All right, let's see them trade to take it back here at least to 11 and the point of control here They are not here come our sellers here. They are again now This this is not gonna work out a leg it could it could bounce off a point of control down here I'm looking for sellers though to take it back down to oh two and four thousand. Hey, this is a false breakout Hey, it already mean reversion to back to the back to the middle here. I Want to see if we get sellers here now take it back down here To we said oh two and then four thousand so we're already at oh two I want to see them. I want to see them take it lower. I want to see them take it down to four thousand Hey, well, we had some selling And kind of dried up a little bit. No, I didn't really dry up, but Just kind of rotated back up and found some buyers up here There's some exhaustion Now this is actually getting pretty interesting This is turning into point of point of control or just it's a very well-traded level in here around this oh six Oh five and a half. All right more sellers down here again. Great. Then we're looking for oh two And below four thousand Let's see if we get a little more selling here. Here's our low volume pullback looking for sellers Looking for sellers again Not getting them there looking for sellers again We're down here. Here they are. Let's see the move now They're pulling here on the on the bid. That's good. They're adding a little more on the offer here. That's good Okay, so we'd be looking for the move to go lower There it is. There's oh one There's four thousand and it's continuing. There's ninety nine. Okay understood All right. Now we can take this Structure and this concept here and put this into a more cohesive plan This is what the trader workshops that Had mentioned about I want to do more of or I want to get started with And start to understand now. How are you going to? Control your risk potentially in some of these areas in here and and also how to gain an edge in some of these areas in here so the There's many different ways to do this Trading I mean, there's so many different ways to trade So, you know, you could get into a position I mean, you know, if you want to just if you want to blindly just buy a sell up here That's one way, but you know that there's always risk They if you blindly sell up here You got a great move down to four thousand. Okay, so you nailed it top top tick down the bottom tick And if you still held some of it, well, maybe you'd still maybe you'd still be in it But you know, you you you're you just the way that you managed it here Well, you you eroded a lot of your your gains here But maybe you're looking for a bigger move, right? This is why I just kind of I start to stop Because there's so many different ways to manage it What time frame you manage on what's your risk levels? Are you looking for a bigger move here? Back down to like, you know, maybe 3980 Okay on your higher time frame. Do you have that kind of outlook here? Come come back down into the lows here for the day Okay, 3980 these wicks down here All right, these are all questions that you need to answer but then the process of reading the order flow in here is always Well, not always the same but You know, we're just reading objectively these three elements in here Guys a second stream I mean like I'm trying to kind of wean you guys off of the the streams in Discord a little bit. I mean, we're still doing it, but you can see like we just we just can't handle it in there And less and less discord changes it. So we have to go to YouTube And it's fine, you know, I know that we've got a really nice community in discord I really enjoy it and I'd like to keep it there, but we've got to go to YouTube And what we'll do is you can still chat in here And you know, you can also listen to it in here. There is a small delay. It's only like two or three seconds In in YouTube Right, it just buffers a little bit of extra video. So if you have a connection issue, that's it though So it's good. It's really good. There's plenty of time. You know, we're not hyper scalping or anything like that in here And guys look at this. Look at all this liquidity coming in on the offer here and what's the reaction? Sellers great. Let's see them continue then Right the next level 96 Now this is where it gets interesting Well buyers came back up here. Hmm. All right. Is there enough buying to tangle with these guys? Not yet Okay, look at them come in again. This guy just pulled and added lower. We're finding sellers great So we're still looking for 96, right? We're getting insight from this supply here And it's one individual player that hold them held the majority of that liquidity and then pulled it and added it lower and Still our large lot trackers. So he's got a thousand lot up here And no one's no one wants to tangle with him. He hasn't traded one lot This is a massive shift in supply And it looks like some of it just just transacted down here See how he pulled it here and he went down here and then buyers now down here. They're like, okay I'll take it from you. How many did he have down here? See how he even reduced it here? He came in here with a lot less liquidity here. And in fact, there's an iceberg in here as well And and then that started to transact Hey, he went low enough with his liquidity on the on the offer to find buyers Okay, and we're still going lower though It's just more selling pressure. Okay, so 96 has now transacted and that's what we're looking for due to this skew in the liquidity here Okay, we're looking for the Yeah, the this potential move It was in here. We're looking for it. I believe and then we even I I can't recall guys. I think it was in here and then we're looking for this this to to move lower. It might have been in here No, that's when we're looking for 4,000, right? Then we got the bounce out and then we came back down Point of control or through this most traded level here and we see more sellers down here. Great. We're looking for this to Explore lower and nice follow-through. Oh, you can still MC local You can still listen on discord. This is the great thing. You just won't be able to view the screen. That's it So anybody if you that that's the only drawback So discord handles It's unlimited listeners Just the visual though Yeah Anyway, which try to keep it simple that YouTube is really the way to go Get everyone on the same page and go into YouTube And then we'll use discord for chat, you know in general You know during these webinars like we may even just you know, go to discord Go to YouTube for chat for the web for the for the live events It just it's just probably is easier It's kind of hard to read now. You know, we got Tom now over on YouTube. So You know, it's it's It's a little bit of a challenge. There's you know, it's just another thing to do to read Two separate chats. So we yeah, it's we want to go to we want to go to YouTube All right Guys kind of a funny session here I just kind of a review of a lot of different things in here Talking about market structure bigger picture stuff here kind of more cohesive Outlook or plan To put this put these pieces together All right, and I would highly recommend I mean, this is how it worked for me at least because you know, I mean, we've all been through it we've all been through the years of Studying candlesticks studying patterns studying Elliott wave studying volume profile Whatever it might be When it comes down to it, it's basic simple market mechanics This is what moves the market. This is how the market works This can be extrapolated to all time frames Okay, even the most fractal level and in what We've been talking about fractals for years now in these webinars But if you really wanted, you know, you can you can drill down into some of these areas here this we're looking at You know milliseconds in here Okay, so like this is each each vertical dotted line in here is the blink of a human eye basically and this is actually pretty slow To be honest in the hft environment. This is like an eon in here but Anyway, the same concepts the same ideas it's all in here and it can be extrapolated to the higher much higher time frames It's the same thing Here's exhaustion. We trade back to the middle. We trade back to the other side a little bit can't trade up here Find sellers in here. They bring it back down. All right now. It's auctioning down here. It didn't hear Do we find buyers in here? This would be the most Trit, you know this level here or even this level here. You can see it in the profile But you can also see it here in the dots Okay, the transactions. Where is it trading? Well, it seems pretty comfortable here What if we get a lot more sellers down here though and Then likely go trade. It has a much higher probability to trade here Okay, and there there's there it is Okay, now this this became a trap in here. This is really whippy in here Okay, so it traded down here and then someone only three contracts traded down here I'm and look what the buyers did they came back in and trade it right back to the other side of the range They're gonna hit some stop they hit some stops here as well. These are stops Okay, and I don't see any stops up here not until we get up here interesting All right. No So the videos These these streams are saved of the advanced webinars with me With Jay trader and with Scott Okay, Tom's are not Saved or available so it's a live stream and that's it. All right guys. Well, we continue to go down Let's see if we can fill that gap in here now It's 90 or just trading into 90 liquidity and there's no reason to think anything different In fact, this is the time we really need to see some sellers come in now Let's just take a step back look at our gap here Remember how we started this this webinar here and we didn't really have too much insight Well, we do now I mean and we saw the kind of move up here in the equal amount of sellers coming in We would be looking forward to trade back to the middle here or maybe explore some of these lower areas here because it It traded up here. There was a stop run. It rejected came back in Okay, a lot of the times it'll trade to the other side of the range So that's what we're looking for now. Okay back down to 80 And we mentioned that and then here's the swing low is around 75 from the other day on Friday And then here's the swing low here as well or the swing low is like The overall low here. Well, I guess it's the gap, but you can see the candle here Where price opened? So and right above these swings in here You all of this stuff is it all you know makes makes good sense in here it opened here at these previous areas where It rejected and you saw the buying move higher So now Today if we can get enough Sellers we'd be looking forward to retest some of these areas down here And if we get enough then we can get our gap fill Down here Okay, so anyway one step at a time just looking for our sellers. We're looking our for our follow-through down to 75 and then What is it? 59 or 60 down here 39 60 Okay, that's 30 points away all right I think i'm caught up on the questions in here Except for razool saw a nice little play there. Yeah. Yeah, basically the same thing. We're looking at there. Nice So it's in that's in the discord chat there If you want to take a look at it yeah, I mean How would something about volume profile? I keep you know telling people about volume profile um You know, I like it. I like it very much Uh, there are drawbacks to all of these things The drawback with volume profile is just the aggregation of the data is now not not vertical like it is in candlesticks Okay, like in the candlesticks here the aggregation is within a vertical kind of time period here Now the aggregation is in a horizontal uh period But it's still aggregated data And that's where it gets weird because like who cares about some of this over here It might be out of the picture what we care about is here in the vertical Okay, and the relationship of the of these little areas right in through here right now We don't care about this is you know can be meaningless. It can be right now we're we're Looking at and interested in this 80 here because we know that the sellers came in and moved it away from these previous areas So the question is Do we see more sellers and we do? So we're looking for them to hit the bid Explore lower into some of these areas here. So let's see if they can break it now 88 down to 85 and then 80 Okay, now this is where it gets interesting too It doesn't always it's not so easy everyone's looking at that and there's market makers in here There's and they're gonna this is what you know get people on the hook like this Run it the other way get them stopped out Let it kind of turn around and then come back down right, so this is where you're trading plan and understanding of um some of the Activity in here that book map is showing you like right here. We found some sellers right This is this is now a trap and it was a stop run too Okay, so we're looking to see if buyers can test it back up here to 95 now You know after it rejected here it it traded back into the range It it already traded to the other side of this range here at 93 It just didn't quite make it to 94 or 95 liquidity here Okay, so and here we come back again. So now we're looking for sellers and now We can get the follow-through now. It's it's retested back up here and it did not accept So we're looking to see if we get our sellers here at 88 and then the follow-through now to 85 Make sense Razul, yeah, you like the mean reversion trades. Yeah, well, I mean the s&p is great for it It just keeps on rotating back and forth May you know for the for the most part it's very rotational market It kind of drives me nuts to be honest But that's a whole another Story I I prefer the Nasdaq All right, youtubers, let me jump over to them. I have not answered any questions in here so far So I'm sorry about that, but we'll get there right now Also anyone let me before I get there Anyone new to book map in here I do want to show you this this educational page That we just put together that will be very helpful to answer a lot of your questions Okay, so you instead of reaching out to support This is where you can go. There's a couple different areas in here. You can click on the more button And you can go to our education page here Or you can also click on Education up here and this is it scrolls down to just kind of highlight Our free education here It's in this kind of home page here and then click on go to education And that'll take you to the same page here this education page What's great about this in here is everything is you can find it in one page Getting started open it up here go through some of these videos or knowledge base or articles, etc The book map basics Okay, you can go through in here understanding the heat map the elements on the chart volume dots Here the educational course parts one through four and then also attend your first webinar here with us And then learn from our community Discord forum twitter youtube live webinars This is the listing of our live webinars in here scott pulsini me Jay trader tom And then, you know further learning. Okay our knowledge base Uh, etc scroll down a little bit more. Here's our Events calendar. Okay our education and events calendar. You can also click in here and go to the Uh, the events in here, uh, or you know, there's a link to it Okay, there's that meet the team On these are the the webinar, uh, or you know some of the um, uh book map traders in here And then previous webinars in here Or upcoming all right, so I'll put that into the chat for you guys. I think it's worthy Now let me get to the youtube, um Questions in here Boy, it's it's it's pretty wippy. I mean like we again we're looking for that breakdown here It made it to 85, but you can see they you know the market is it You know, it's so it's I mean it's competitive. This is how it is like, uh You know, we're looking for this order flow to work this way Well, look what happened buyers are coming in, you know, they're gonna try to run it the other way get get these people like, uh Going the wrong way here that you know sold it. Um, and then rotate back up etc Uh in the end though in the bigger picture here. Yeah, this is the buying starting to come in a little bit I'm still looking for 80 here Uh the bottom of these wicks here Okay, low low of the day And structurally here. Yeah broke this one, but it didn't break this one up here So we're still trending down and you can even draw your trend line And lines up perfectly And trend lines. I mean, yeah, I like trend lines, but uh understand the order flow around them is really what matters Okay, so here actually you can see they got some buyers up here buyers buyers not enough sellers boom sellers boom All right, let's see them hit 85 And now they can break it too Uh, and they got some buyers on the hook here That uh, you can see the stop run Right now we're looking for buyers in these areas in here to get stopped out on the way down to 80 We have another way of looking at the market here. Like I'll get into the um sweeps and absorption Just after answering some of these questions, but um another way of looking at these markets Uh through the Um liquidations indicator that's coming up. It's only for crypto I was uh mentioning it uh last week It's another way to put these pieces together really understand in detail what's happening We went through that micro structure. We went through stops and icebergs Uh people getting stopped out at some of the extremes up here And then the market rotating back down into the range so uh You know understanding that the stops are taking place at the extremes And when we get into liquidations Uh it it goes through it even better I mean, it's not only are people getting stopped out. They're they're getting margin called out And the market just bashes around those areas You know, it's seeking liquidity And what better higher charged liquidity is people that uh are panicking All right, let me get in here some of these questions No, tom did a um Uh session on saturday it um, there's no recording for it Uh guido, uh any any questions on some of that, you know, we went through it in pretty in some pretty good detail there Guido has been like one of the longest, uh Book map users, um, Mr. Underrated. Yeah, thank you. Um Um Uh down the bottom, this is the stops and icebergs indicators Okay, the red line or stops being triggered. You can see it just got triggered into 88 I'm looking for the follow through though 85 here And then 80 Okay, so um How does one know there is heavy buy volume at 950? Okay, I think we covered that in detail I think Well right here Okay, now what I mean by now someone's got to take the other side of the trade, right? So here's here's the relationship between high liquidity on the sell side But what I mean by high buy volume is the aggressor So you see the big green dot again big green dot. It's the aggressors that can move price Limit orders can only stop price for moving technically Uh, uh, the aggressors can actually move price They take all the liquidity from the in this case from the offer and then they they can trade it higher Juan how is called Yeah, I don't quite understand your question there Juan, um Uh, the the one that uh toss app of book map does not have stops and icebergs Okay, you need rhythmic data. It's only for futures Uh, they're using dx feed data Okay, so those answers those questions Now see see see the back and forth in here, but it's still trending down Right now that that trend is actually starting to it's still trending down and we go with this trend until we see something different Uh, but we're also noticing the condition of the trend trend is kind of strong in here to the downside Down here I'm we see kind of buyers and sellers and we see buyers up here too Still trending down We see our sellers come in we see it trade back up here. No buyers up here. So sellers come rotating in buyers starting to show again though Now the trend line was broken. It accepted back in But you can see now the order flow and and the transactions and also the liquidity how this starts to bend Like this Like this Then we look for equal And equal let me bring that on the heat map here Then we look for it to go equal here if if we see the buyers in these areas in here All right, and then you might see it break the trend here and then it will start to go like this Okay, and here we go, right? We were looking for 80 Okay, now just from that quick analysis We're looking for it to break 92 and trade back up into higher liquidity here at 95 And maybe back to the figure here at 4000 So we didn't make it Right, but we can understand The structure that we just covered Okay, that the trend starts to bend a little bit to the upside here And we noted the buyers here There's some sellers here. So, you know and then a lack of buyers here when we come back down and trade 85 We get buyers here. So that was kind of kind of surprising So, all right, well, let's see we start to see more buyers come in back up into these top levels here And we already broke the structure here The downtrend structure So it makes sense that we would start to look for these buyers and to trade back up into high liquidity Okay, so it's already traded to 95 now. Let's see if we can get back to 4000 You know, there's VWAP up here. There's this the figure up here. It's where it dropped from up here Uh, and We also have the point of control of the overall session up here Way up here Back at 06 I don't know Jake if thinkorswim is going to add those those features because of the data They're going to be reliant on the data From dx feed. Whereas you need to have rhythmic data in order to get the stops in icebergs They're the only ones that are are disseminating that that data The um, well It's metadata Our indicators and one that puts it together Uh liquidations dawn. It will be pretty soon. I can I can just tell you that And In a few weeks or so All right guys, so look at this beautiful order flow here, right? Okay, and this kind of reversal here and this is very typical for this time of day as well Okay, still still looking Well, it's going to be curious to get back up above this 97-ish level here But the liquidity is up here and it's pretty strong move. So I'm looking for these buyers to test back up to 4 000 Oh, yeah, you can take all sorts of screenshots Uh, mr. Underrated Uh, it's you it's this tool up here Right here is is great. In fact, you can take a screenshot here Uh, click on it and you can post directly to twitter facebook or upload a Get a url or you can just save it locally We have this functionality for you for several years now Uh, and then you can remember your choice. So if you want to post twitter immediately Just click this one get it set up and then just take a screen just hit this button up here It'll go directly to your twitter page It's great Uh, subin, uh, yeah, I I would recommend you a little lost in here. It's pretty typical Uh, and it is because the education here is very different than probably what most traders are used to Uh, accessing But uh, so kind of forget What you had learned before and just learn market mechanics Start here And that will serve you for anything That's really important and how powerful that is that will serve you for any of your trading activity So start with the basics And you'll see things in a very different light after this It's not about candlestick patterns and this and that and then people like give different names to things to kind of disguise What's really happening? No, this is what's happening. It's right here And this is what we need to understand And then that can fit into other other trading plans Like if you want to look at elliot wave or something or you you know, you want to look at your Like Whatever it might be Yeah, so and and how to how to do that Uh, I would recommend going to our our education page Okay, this will onboard you. I'll put it back in here To uh to youtube Okay, so, uh This just go down through here. Here's the getting started. Here's the book map basics and our educational course part one This is a great starting point right here All right, and then come to these webinars and ask questions So put everything else aside and just go through part one Don't even you know, enjoy it. Hey, whatever it is pop a beer or a soda or whatever it is and and uh sit back and enjoy it Uh and in the evening and uh, uh, let it let it soak in Uh, and then look for that Uh Over over time In some of these things then part part one part two part three and part four of our education And then you can put those pieces together Later within the other studies that you've uh, you've had Because we you know Like I said the the basic market mechanics starting with these things and then moving out into Uh and putting understanding these other That are much harder to understand Like Elliott wave give me a break You know or head and shoulders. Well, when do you do this and when do you do that or like, uh, you know double tops and bottoms, etc Hey part three of our educational course goes through ways to consider managing those trades or setups within them Like I said, we're going to do more of that. Uh, we're going to do some trader workshops, etc but um So looking for a move to four thousand here looks good And just four thousand just four thousand You know take some off Yeah, maybe you get a runner or You know, we we've covered uh Over the years we've covered different ways to manage these trades as well Different considerations in here, uh, how to enter where to enter Uh, where to exit how to manage it Uh, and there's like I said, there's many different ways and One way like uh, we used allen for years As a a guinea pig in here. He says that's great bruce with the analysis. But how do I how do I trade it? Okay A consideration was well look for that high probability trade Okay, in here looks pretty good. I would have taken it and I would have taken it back up here to four thousand Uh, and I would look for it And I would I would look then to manage it How would I manage it? Well, maybe at the swing up here? Maybe I'd take some off or maybe I'd wait for a little bit higher Uh, maybe I'd still be in it. I'd bring my stop up to break even now with allen It was all in all out And then get to the scale, uh, the scaling part which is more Uh complex and emotional a lot more emotional Okay, so like here here's you know another target that just already met and there's still buyers above it here So maybe then go to oh four Maybe then go to oh six the the the point of previous point of control up here or is point of control here Yeah, or what if we get sellers back down below 99 here? Well, then we'd be looking for back to 96 and 95 And this is where we get insight. How do we know? Well, we just had liquidity come in here and it kind of attracted sellers interesting Okay lack of buyers there Sellers, let's see if we get more sellers here and trade into 99 and through it. There's 99 And that was it Yeah, now not really not really seeing what kind of in in between high liquidity up here on o2 and then down here at 98 So not much shaking right now Okay, now they pulled down here Let's see if they offer lower here and let's see the reaction to that Do we get our sellers down here? Does it auction down here? Does it exhaust up here? Okay, there we go. All right sellers. Let's see if you can now move it back down to here 98 and then maybe 96 and maybe 95 Okay, we saw some exhaustion. We saw sellers come in And we're down to 98 and let's see them move it down to 96 here now. They pulled already at 96 How do you manage it again? Are you all in all out? Did you take some off here at 98? It's it's a little bit of a scalp in that case. It's not much of a move But you can also extrapolate that to a higher time frame Your higher time frame move might be this is your low volume pullback here I don't know. No, that's not really true Now this is different. This is more of a reversal type of pattern, but Because it's not a low volume pullback But if what if we came back up here and there was just very little buy volume up here All right, then your your higher time frame strategies. You'd be entering up in here short and then looking for continuation So here we are now we're back down at 96 And we should get some buyers in here. They'll probably pop it back up here But No, we're getting sellers and they're going to go right for 92. It looks like 91 and three quarters All right. Oh boy. I'm sorry. Let me get into absorption and exhaustion and that was posed in the very beginning of the webinar. I'm sorry Let me get into it here Thanks for the patience So Let's see here Boy robot. Yeah, was it was that who it was? Yeah. Yeah, sorry about this. Are you still in here? I hope you're still in here Yeah, I've been trading for quite a while um I do have to say like That book map here. There's has not been a lot of time to focus on trading but Boy, do I want to do it and and I think I'm hoping maybe these trader workshops Will kind of maybe push us more in that direction to free up some time for for a lot more trading Yeah, no, I've been training for I started I first started trading in um 97 or so. I mean it was kind of hobby ish or higher time frame ish before Uh, and then uh, uh, I saw the financial crisis unfold. So I did get that experience, which was great Which was just I had just unbelievable I'd never seen anything like it Uh, and um, yeah, I think that's really important though because there's a lot of traders out there now younger guys, they've never seen anything like that and like it It's it's good to have that experience so Let's see how many years is that? And so it's 15 15 years. Yeah Okay, boy robot. Let's get into it here. Um, the sweeps and the, um a absorption And I think you wanted the absorption more, right? Was that it? No, both. Okay. No problem Uh, now what I also I wanted to demo this here with sweeps and an absorption with um, the um With the stops and icebergs and then I'm going to do it again. Once that Indicator is released for the Uh Liquidations in crypto and this is where you know, it'll really come together about market mechanics as well as understanding What's really happening at some of these areas in extremes? And this is gonna it'll You know, it'll change your outlook on on these markets like uh, uh, this is how it works It's just kind of random like you could you know, use that theory. They'll you know price action is just a random walk well kind of uh You know, I'm I'm rather convinced. It's Basically just randomly coming up and hitting stops Randomly coming back to the other side and hitting stops And then it just continues and that's what this this is all is back and forth is So let's take a look here. Uh, and we'll go through the absorption indicator Um, and this is a very simple indicator What it's showing here is within a very small time frame 0.01 seconds We're looking for 37 or greater to transact. Okay, traded volume That's all it means Now 37 you can see like the pink You can come down here passive sellers a color is the pink and the green Bright green here is the passive buyers So 37 is not much but that's okay. We'll we'll zoom in here and I'll show you now absorption We can already see it here when it hits high liquidity in the heat map. We know that right when a transaction takes place like up here So to see the absorption indicators start to kick off Um, now it didn't kick off in here. I guess it didn't meet it But it did here Okay, and you see 56. Okay in these transactions in here All right, so But there's high higher liquidity in here and that that's it should match those areas Transactions in high liquidity and you should see the absorption indicator Work on those areas because it's only for absorbing at one price level within a very small time frame That's all it's showing And it's showing you here 56. Okay, so it's more than 37 and here's more than 37 again 42 now where this gets really interesting Is certain areas where you don't see high liquidity in the heat map And you still see a really high number So let's zoom in here and let's see what happened in here Okay, I would anticipate that this is an iceberg in here Now do we see it in the iceberg? I I don't see it in the sub chart here But uh, you know, I don't see much liquidity here And yet it's absorbing So someone's hitting into something here and they're not able to drop price So this would make me uh, let's turn on our our on chart indicator here for icebergs That's a sub chart On chart And I don't want to not automatic mode here Interesting. I mean, yeah, it's not showing any icebergs. That's really really odd. It's really funny I'm sorry. Was that stops? That was stops Interesting. All right, so we don't see any icebergs there Okay. Well, whatever. I mean someone someone absorbed 40 in there. That's for sure Uh, anyway, here's our iceberg over here so Anyway, what happened in here was uh, the um In a very short time frame more than 37 traded at this one price level, that's it Okay, and then also on the other side here, too so Now you can go in here and use this here, uh to Let's take stops and icebergs off and go through Absorption indicator here. Uh, you can use this automatic mode here and and so this is a filter Uh, and the way it works here is see now once I turn on that cs says 89 right here It's and it's selectable. I can make it 90 or whatever, but Once I turn on automatic mode It goes down to 89 and it's grayed out. I can't put input it here The inputs are now here with the slider and the time frame here and standard deviation So right now I'm telling bookmap to show me, uh, absorption Of over a 30 minute period a standard deviation Uh, and in this case, this would be actually 1.5 standard deviations of it And uh, you've seen quite a few in here. Well, that's too many So I'm going to slide it up here Uh and make it 16 And and then take a look in here and see what, um What we have so here's 109 right in here, so it just filtered out a ton of them Well, maybe that's a little too much for me or maybe he's not maybe you're trading a higher time frame and look 197 up here. That's a that's a nice one You would know you would think that would happen because it's uh, uh high liquidity there But this this 109 here is kind of um Kind of interesting. I don't see high liquidity in there So, uh, yeah, what's going on in there? So anyway, uh, that's how you use it, uh to start to understand where there's lots of absorption Uh from the other side of the trade, okay limit the the passive buyers and sellers limit buy and sell orders Okay, green is limit buying Red or pink is limit sells All right now The interesting thing here with the we're going to go to the sweeps indicator Interesting thing on the sweeps indicator It's exactly the same With one big difference Right here the minimum, uh price levels to display it over So here Within 0.01 seconds a volume, uh Was equal to or greater that transacted of 21 Over four price levels though So it has to be very quick move And that would be indicative a quick move and multiple price levels. That would be a book sweep indicative of it So, uh, that's what uh show me that on the chart and here we can see these these book sweeps in these areas here This is similar to stop runs Okay, a lot of times book sweeps are stop runs doesn't have to be but it could be Uh and uh in this case it is you see that you can verify it with the stop run here Okay, so here we had 95 and well we had many more actually transact Uh in the sub second levels here All right, so there's there's your book sweep and now when you zoom out you can see we we aggregate and we show overall 117 transacted within 0.01 seconds Over at least four price levels. So one two three four great It fits the the configuration or the setting Display it and there it is Okay, and you can use the same formula here or the same filter for automatic mode As well And you can see I click on it and now 14 I have 30 minutes here with standard deviation multiplier of 1.5 All right. All right boy robot. I hope that does the trick for you Uh and uh, all right, so Let's double back here quick. Look at price action. See what's happening here. What did we miss? We went through some of the demos here. We didn't miss much. We saw the good moves already It's been really choppy in here so far. So that's good Um, I'm always it really upset when we miss a nice move when they kind of Veer away and answer some questions or demo something Okay. Yeah, uh a boy robot another area here More information on that sweeps, etc You should find it also here go to this is really uh important. It's a great reference here It's in this this guide here as well this this education page further learning scan our knowledge base Let's go there Okay, we'll click there This will go to our book map user guide knowledge base section in here And this will answer just about everything for the core book map Click on add-ons here On the toolbar and that goes to the knowledge base For our add-ons and you can read more about it here. Here's the absorption indicator and here's the sweeps indicator You can also once you click on this here. You see the uh drop downs over here on the right hand side It just scrolls down the page basically So installation you click on installation. Here's where you can download it right here. It's available to everybody Uh, but only licenses for book map global plus you have to have global plus to get this for For free or it's included in global plus Same with the absorption a sweep sand absorption Okay, so yeah, that's where you can go and you can read more about it in here as well Should answer the same questions that uh or cover the same uh stuff that I just went through All right Let's get back to youtube for a second here. I'm gonna answer your question there guys Hold on Now guys do you Has Has this uh, I'm just curious if this webinar has been more helpful for you than others I Kind of shook things up a little bit here Uh and went through uh more about market structure and higher time frame market structure Which let's double back and take a quick look at actually Yeah, okay, so we're coming we're kind of down in this area here kind of bouncing around down here Our third hour here as you can see And it's not too decisive in here. We're just kind of in the range um Well, and if you like this, uh, please hit the like button Uh and the um the thumbs up button there uh in youtube This really helps us a lot So, um, you know, it allows us to um continue to to do these And and do more and get more into the uh Maybe some of these trader workshops that i'm talking about Okay, let me answer a few more questions Okay, subin I I hope that helps you. Um, that should answer your questions. We that's where I left off Just keep it really simple just go through that market mechanics Think about what makes the market move and then like I said that can be applied to anything Uh forex is not available Uh because there is no centralized, uh order book Even the volume is kind of questionable Okay, so, uh, but you can trade the currency futures from the cme Uh, and you can also get, uh, you know rhythmic data for those as well Okay, one. Yeah, so yeah, you're you're also following scott, uh quite closely. That's great Yeah, very good trader Tons of experience unbelievable amount of experience Oh, okay. Yeah, he's he's talking about magnets and and and high areas of liquidity longer term high areas of liquidity as, uh, uh Targets as magnets Yeah, I I I kind of debunked that I didn't debunk it. I just wanted to say it depends Are there sellers? Are they interested in this liquidity? Then then they can really act like magnets And that's the context that comes back to the context part because look look there's tons of liquidity down here At at 3950. Well, do we see a lot of interest going down there? Not right now. Not really So even even right now through our 3980 level Well, if we're looking to we we're looking for sellers here. I don't see a lot of sellers right now here They don't want to take it down to to uh to 80 So so what then we're going right back to 95 it looks like No, we might we might get our sellers. They might come rotating it and take it right back down All right, let's see here Thank you, uh wealthy pegasus very very nice, uh words there Can I come George? Can I talk comment on how to use level two? Yeah, I mean I think, uh specifically Bats and and edgex Yeah, it's the same thing that we're we're we're going through in in here, uh and uh reading the uh basically the The level two is the same as the c o b column here, right? This is liquidity here And this is your dome or your level two The configuration is different than stocks, but Anyway, the uh the way to read it is like we're we're talking about well, what's the reaction to high liquidity in here? And the supply or the demand in this case Right see how they come in here and it seems to repel All right. Well, then do we get enough? What about up here? Are they interested in going after some of that liquidity in here? Maybe yeah, there they go There they go and see see how this this is how you read it. I know this happened too quickly, uh, but here's our kind of, uh starting to We're kind of thinking it might start to come up in here because of the reaction to this liquidity, which is pretty far away To be honest, but you know, we we're thinking oh, well, we start to find some buyers interesting Right now underneath here. They they raise the uh demand up to this level here. They start to pull some here on the offer Wow Found buyers. Okay. Let's see if they can hit 98 And they just just kind of get up there On an exhaust out at 97 and three quarters Okay, now now it went through All right, so this is how you can read it you're reading supply and demand and reading it's it's not just reading Where they are is reading the reaction to it. That's the key Okay, I would highly recommend that you go back and and go over uh previous webinar here I'll put it into the chat for you This was on friday We went through how to read here by not looking at volume We took it off the price chart here as you can see And we just read the the um, well the level two in your case We just read the supply and the demand Okay, so let me put this into um the chat here for you And that should be really helpful for you george Okay All right Yeah, we'll get to bitcoin. I think um another time but uh, yeah, that's uh, and we we actually, um Focalino for Focalino, um We'll we'll not only get to um bitcoin But we're also going to have a crypto webinar series In a few weeks So it's going to be only on crypto for the entire week So uh, and also look for this new indicator to come out It's the um, uh liquidations indicator that I was talking about Yeah, I think you'll find it really helpful Uh, really insightful. I think it's quite amazing Uh, no, we do not export, uh, uh price action or you know, uh candle data Uh from book map, but you you can export and I can show you how here how you can export, uh some of the um Time and sales in here so right click in here, uh, and then we're going to add a new column insert a new column here And then I'm going to right click in this column here and we're going to select trading dome. I'm sorry not trading dome Time and sales here, okay And then here You can click on, uh, what is it, uh, this link here export. Yeah So you can export your time and sales in here And that's how you do it All right, thanks dug. I appreciate that. Um Yeah, yeah, again, I think the bigger picture here Let's just review here because we went through a lot of different things in here The bigger picture is understand market mechanics What makes the market move? Then that can be used for all time frames so drill in look at the sub second Just play around with it. You can record your data. You can zoom in here And you can start to read like wow, this is a range. This is a trading range Well, where's exhaustion? Well, that kind of didn't trade up here. That's basically exhaustion It's kind of ridiculous to call it in in these small ranges, but nonetheless it also there's no no selling down here So it's kind of happy in this little area here. It's value Traders aren't interested over here or here now. They're interested here. So it's trading up here interesting All right, so we got an auction up here. Do we get more up here? If we're getting a little bit more interest up in here, I'll bet they can move price higher And they here they do Right, so you you can start to just understand some of these things in here You can also not only understand the the the transactions here. Okay by just taking off the heat map Put the heat map on take the volume dots off now start to understand price action and You know and price structure with the supply and demand Wow, okay, they pulled up here. They kind of added down here and we're up here So what if we get a little bit more a little higher here? Yeah Looking forward to trade a little bit higher Okay, well now they kind of pulled in here. It can kind of come back down into these areas here They're adding up a little bit more here All right. What about what about on the on the offer? It's pretty equal not really seeing much It oh interesting. We're trading back down here Hey Lowering the offer a little bit. Yeah, lowering the offer again. Okay, so hit 98 97 90 97 and a half All right, anyway Yeah This information at these market mechanics. What makes this market move and what affects price? We got orders affect price So the limit limit order book and the supply and demand can affect price And then that Can be used on this as well Okay, same idea. Look at this move back up guys. I'm we're missing that Um, now I I think tom has already started Uh, and I instructed him to uh, so what? I didn't want to eat and have him waiting around Um, but I this would I was just on a rant here. So I continued on Uh with this guys, uh, I want tom to start though at a specific time and I said 11 30 So, uh, you can jump right over there. Uh, and uh, see tom's webinar Get going as well Okay, so anyway, that's uh moving forward what we're um, we want to do here And this is really nice community for you guys Um, you know, we're going through lots of different things. We have different traders in here And you can Apply this all to your trading All right, thanks everybody. Uh, if you like this video, please, uh, you know, hit the like button like I said Uh and make a comment or two in here. Uh, that really helps us a lot and then, uh, let's, uh Continue on tomorrow Okay, we'll we'll we'll catch up with you tomorrow Thanks for coming everybody. Have a good day. Bye. Bye