 Okay, it's eight o'clock and good morning. I'll be on Discord and YouTube, I think I'm just checking that both are up and about. The slides certainly are on YouTube. So I'm just going to start by mentioning a couple of disclaimers. Okay, it's eight o'clock and good morning. Okay, all bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific advice nor recommendations. Trading futures, equities and digital currencies involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Just quickly going back to my bio. As I said previously, what's relevant here is that I've been around for a while that I trade both discretionary and algorithmically and I look at markets both on a very very short-term perspective and a slightly longer perspective. So let us get rid of those slides and turn on the streaming for today. Okay, I'm just going to dig out an agenda. Okay, we're going to have a very very quick look at today's economic calendar. Actually this is the slides and I'll stick to the the agenda I mentioned in discord earlier which is we will look at the economic releases for today which is essentially the 830 non-farm payrolls and related items that's the big big one and that is going to dictate a high level of volatility and that means that for example the futures margin that your broker applies to your account will likely be adjusted for a short period of time and then there is no other major news until about 10 a.m. So for the purposes of this hour we do have one volatile piece of information and that is the 830 non-farm payrolls or jobs release. Okay, right if anybody has any comments feel free to post them in YouTube or in the discord channel. I am in both so I can read them both and one of the things that I really wanted to look at sorry there's some spam in my in my channel so I will just ignore it. One of the things I really want to look at was the concept of supply and demand and actually apply it practically to what happened in London today at the open and by the open I mean the European open which restructures from about 1 a.m. or 1 30 a.m. Eastern time right through till 5 or 6 or 7 a.m. so it's really that period of time and I just want to put some context behind this I'm just going to drag over a volume profile just to explain where we were so this is this is this session here in the shaded ones in gray our ETH and the white ones in our RTH so if I just drag that out of the way coming into today's session we formed a new balance which was essentially around 4532 down to about 4510 so essentially let me use a pen as well let me drag a pen over so you know when we're talking about balance RTH dominates over ETH there's just a lot more volume this these profiles are not scaled accordingly so they're all equal width whereas in truth the volume for RTH will be much much more significant than for ETH but essentially that that level of value was that period there and because we had two sessions if we include the ETH and the RTH we had two sessions there was a potential one of the possibilities one of the potentials was there were some players positioned with their stops here that would have been worth flushing out now if we go back and we drag forward what actually happened I mean I just actually raised that drawing okay and you know what we're going to do is put some context and then we're going to look at how we could have played this in bookmap using the concept of supply and demand so so the idea was you've got a daily high which is that level there at about 40 level and the previous ETH session which also coincided with value from the previous RTH session up around the 47 48 49 mark so you had two potential areas of stops that people could have a place you could they could place them above the previous days high and also above this joint value and one of the things that I'm going to keep repeating day after day as long as I do these these webinars is that there are certain levels or certain games that they will play more than most in the ETH session and there are certain things that they like to go and hit I may refer to these as home or the previous days range by home I'm talking about the the settlement value so on this on this chart it's these pink lines here so it's a pink line and white there the settlement value there and yesterday's was around about four five two seven okay so there are there are a few games that they do play one common game is they will go and tag that home or previous day settlement level the other game that they often play is can they target the stops above yesterday's daily high or yesterday's globe x high and can they target the stops below yesterday's daily low or yesterday's globe x low so in other words in simple terms you know was there a game worth playing to get above this high there or that low there and how does that play out when you actually analyze the value that was formed in that session so not only are you looking at the exact high and the exact low but you're looking at where this profile tapered off here it's nice and clean it's basically around there but on the on the upper side you've you've got a thin taper there low volume node and you have another taper at the very top as well okay so so that was just one scenario that that could have played out and just get rid of that okay so now if we look on our trading view chart before we then get into book map and have a good squeeze what actually did play out we've got the Asian session so you've got the you've got the open and the context there after the open was that there was an earnings release we mentioned this the other day this is earnings week I'm just going to check make sure there are no questions and I am speaking a little bit quickly because I want to cover a bit of ground before we get to that economic release at 830 so bear with me as I try and speed through this so we get through the London action before 830 okay so we are after after the drag this back again so after the after the close we had apples release so amongst the various earnings releases the biggest the biggest player in town had its earnings and it was a mixed bag some of their hardware revenue wasn't amazing but their services revenue you know things like Apple music etc that was strong so there was both good and bad news in the earnings released by Apple so in other words there was no clear message up or down for the market to go shooting higher or shooting lower when that happens there is the possibility that the ordinary game may come into play and by ordinary game I'm talking about what I just spoke about which is that the common levels where they play those games that's tagging yesterday's home or settlement level playing with any stops above yesterday's high or below yesterday's low and that's taking to count both the highs and lows of the globe X and the dailies were in play so if we then look at what happened in the Asian session so the the general the general theme or direction was up and it formed a high the is one thing I do not like about this trading view chart is that the scales are automatic I never do that to any chart that I look at and zero but it's it's okay for presentations but it just means that if you if I leave it on automatic and then I drag the bars will become bigger and smaller based on what is displayed rather than keeping them the same anyway let me just get rid of the automatic scaling there so we moved up we formed this is coming into London open we formed a nice almost double top and that's where we can then go and have a look at the action inside book map so for as I mentioned the European action really starts around about the 130 you've got the German pre-opened about 145 150 German proper open at 2 a.m. and the London open at 3 a.m. so yeah the first high there was formed about 1 at 51 and you've got another little high so if we look at the action and we zoom right out and we ignore that the action that's been going down and down since that high was formed we go back to one o'clock right and we have a look at what was there so in fact we can drag this even further so you can see the 151 the first one about the 130 mark 126 57 the first thing that you're going to notice is I've marked in red the previous days I should mention why that is much in red that's just the previous days globally as high as a potential target where they maybe stops but the first thing you're going to notice when you look simply at this book map chart is that there is a lot of liquidity for ES above that you've got you've got a band up there which did not get tagged at that time but you've got a band of heavy liquidity close by and you have no liquidity below for quite a long way and the general the general approach that we take when we see heavy bands of liquidity is that the first touch or the first near touch is likely to be a point of rejection but that if price cannot get away from it that level of liquidity or that band of liquidity is going to become a magna and it's going to want to come back and revisit it okay so I'm just setting the scene that we have a magnet up above all right and then we have price action coming in for London Open if I quickly go and pull up the supply and demand graph that we had the other day I'm just checking on YouTube to make sure that this is visible okay so you have you have a level up above and what tends to happen is they want to get up there but they will they will come down to a level where prices are much much cheaper to you in order to get the fuel to get up there and if I draw how this tends to play out in some of these teachings of supply and demand so we can look at some of the traditional approaches to supply and demand let me just try and go whiteboard up here okay you get rid of that okay change colors okay traditionally in supply and demand you've got you've got this low area here and you've got this high area there the big guys for whatever reason want to go from here to there so the theory is that this zone of price is cheap and they will buy again if we get down here in order to go up to there so if you go and look at some of the supply and demand courses out there they'll go on about the magical qualities of this zone here sometimes they talk about the the wick or the the candle of a 15 minute bar or a 30 minute bar or a daily bar or whatever and they say that if price gets back down here it's likely on the first touch that that that will then rebound higher so that really is the essence of demand or a demand zone in the supply and demand concept and what we want to do is to see whether that can be then applied real-time in book map during a session where we have some clear evidence or fact-based evidence based on likely positioning of stops and heavy liquidity levels that there is a desire to get it up there how can we see from book map how the participants are playing in this demand zone to get on board and to get a trade to go up there let me just get rid of that whiteboard okay and let me get rid of it completely actually okay so have a look so in candle terms may actually need it again so I will draw I'll start drawing so if we reference the candle that we just had on that whiteboard that is the same as a wick so that's one area in which if they come back to we're interested where we then begin to use the magic of book map or the I suppose the better way of saying it's not magic it is just the x-ray capabilities is what do we see in the heat map to target these levels above me get rid of that again let's get rid of that okay I have to ditch the drawing because it's going to interfere with with what we're looking at so in okay so in pure candle terms we were looking at around about there around about there as potential areas what I tend to do because I am more a liquidity and a here-and-now trade in the present kind of trader is wait until we see action that is actionable you know wait until we you know whether it's from the heat map whether it's from whatever else it is that you use to form your trades before we get in and not go on the basis of some candle wick being the true demand zone I've yeah I've looked at those courses I've read the books but yeah whilst the there can be some benefit in that kind of analysis I think it's better to be in the here-and-now in the present and to actually see whether anything is forming into a true demand zone and then jump upon it okay okay so if that was a demand zone in that little candle wick area there you know one of the things that you could have done if you were trading pure supply and demand is just jump on board when it when it got back there on this occasion you know you should have had a winning trade it provided you scaled out accordingly one of the other things that you could have waited for was a spring and we talked about those in some depth on in in Wednesday's webinar a spring is a fail breakout and this spring is a fail breakout down so you have a pivot or a swing point low here price takes it out but price cannot go further and it rejects the breakdown below and reverses strongly and goes up this would have been an absolutely beautiful spring and if we look at the trade to see that there here is the spring of of that action there okay so if we were using book map to do the supply and demand rather than rely on candle theory we would wait for real price action so we would look closely at the liquidity levels here and they were forming they were adding to liquidity around about the four five three three levels so we would be hovering around waiting watching watching watching we've got our friend Mr. Market Pulse down there as well but we'd be we'd be watching to see what happened if they interacted with this liquidity that was forming here and what did happen here they pulled that liquidity they let the price go down they let the price get cheaper and they stopped various players out and this is where the stops nice birds come in so you've got you've got this swing point low and you have with the aggregation of the stops a stop of 240 below that and that is a very very good spring target or sorry a spring trigger entry and that then gives you the entry long or one of the potential entries long to target the liquidity up there okay and we have a target of yesterday's globe X high around about there and we also then have an iceberg that comes in and price reverses but the beauty about the supply and demand zone is you don't have to be right every time you just have to be you just have to put yourself into position that you can make a good return on your one hour risk and Q cell 51 stop just try to keep an eye on the markets as well so yeah so I just wanted to explain how you take the supply and demand theory and then and then applied in practice and by reverse analogy you've got what we considered to be a potential supply zone up there of previous days high and you can watch the action at that zone there you know that you could say that was let me just get the pen again you could say this was a classic head and shoulders so you've got an S an H and an 8 and an S so you could say in the same way that you've got a you'd have your candle drawn the other way there so be the other way and you'd be looking at that kind of zone but I will get rid of I get rid of these in a little second but what I would be doing here is if you are going to treat this as a supply zone you know the reverse form of a demand zone what is the liquidity presence there and what is actually hitting the columns do you have enough buyers trapped up there to take it to be used as fuel to get down to get down much lower and here if we sorry again I have to have to zoom out so we can actually see we have a nice little delta zone here one two three four five price levels of trapped potential buyers we have heavy liquidity we have a price action formation which which suggests that you have a supply zone with a head and shoulders and you take that down so that could be considered there as a reverse spring or up the rest and this is a test so either of those as potential entries you've got an iceberg there and you have some stops up there but what is more important than the small level of stops there is what is the total number of potential trap buyers up there and just as important what time of a day let me get rid of all of those drawings because they're just going to cover everything up the other thing that I keep mentioning is it's the time of day so if we look on the bottom scale there we can see the land see the London open so it goes down gets into that demand zone takes it up higher and then when does the reversal actually happen we are about and just after an hour into the London session so we're between four and 430 so about four four or ten four ten to four fifteen what happens or what happens more often than not is that if there is a move in the first half hour that move can often continue for the entire half hours in other words you won't get we won't likely get a reversal in that first half hour but after that period the 30 minutes later or the hour later can be great times for reversals okay all right we are coming up to 24 minutes past and we have got some news coming out so let us just I've got a question from Dave is this a live stream on YouTube I can't see a stream there I've got the YouTube page open and I've got 13 people only 13 people watching that at the moment again this is a very very new stream so we're not expecting much from audience at this stage but yeah it looks like it is streaming okay and the one in Discord is definitely streaming quite sure that okay I will yeah I'm just double checking to make sure it's working in Discord okay all right we're five minutes away from or less than five minutes away from the release so let's forward it to live price action and watch what is happening in ES and NQ so so far we've had in NQ it's gone up taken out the stops above yesterday's high the green line is yesterday's high and it's come back down to tag settlement which is the magenta or pink line in ES we've gone up to yesterday's high and that's the yesterday's Globux high and let me just go back to automated scaling and has tagged the settlement and is now rebounding and getting close to value the the dark shaded areas an approximation of intraday value and both ES and NQ are closing in on value or just about to enter value as we approach this major news okay yeah sorry Dave I do apologize if that discord was not functioning correctly but at least now we have it up and running before the the non-farms release okay I will actually put on the I put on the financial juice feed so we can actually hear the release as it is made not sure whether that's going to be loud enough for you but you might be here and we'll stick with ES the action in NQ is likely to be very very volatile so in other words it could go a very long way in both directions but we'll zoom out in ES and have a look at where the major liquidity our areas are as we go into the release we've got a resting iceberg it's a small number 38 which has been here in fact there have been two icebergs and the first started around about 4 a.m. New York time we've got we've got some pooled liquidity above we have some steady liquidity below at two levels four five oh five and a thick band just above the four five zero zero or the round number mark and we've got a tiddly or tiny by iceberg at four five two five now I'm doing a quick time check we've got about 90 seconds before the release so we'll keep this a little bit zoomed out vertically so that we can catch any price action that is very very volatile we're just going to observe what happens so my colleague Tom's got a saying that I think is worth repeating that if the market is auctioning in a direction when we get a major news release that's often a pause in that auction process that can often resume later here in terms of auctions we're pretty much in balance for the ETH session and we're within the balance or value area of the RTH for yesterday's value so one minute remaining I'll lead with the US non-farm payrolls so we are balancing in a value area rather than exploring or trending in a particular direction so it should be interesting to see whether we move in an extreme fashion in both directions or one direction and then come back to value that's one guess that I have but we shall see yeah and another of the guesses is that this heavy band of liquidity will get filled in fact we would anticipate both this liquidity and some of this liquidity to be filled if price is quite volatile okay 18 seconds so we'll just watch through and again yesterday's high in book map is 10 seconds okay 187 K 187 K lower than forecast 200 K unemployment rate three spot five percent three spot five percent that is lower than the forecast of three spots six percent so also seeing US average earnings year-over-year at four spot four percent four spot four percent that's higher than forecast four spot two percent Canadian employment change minus six spot okay we'll just turn off the financial juice stream there but yeah the first thing I think as we begin to zoom back in on the timescale first thing that we're seeing is that this liquidity which held steady throughout the release and this liquidity is up at four three nine they're approaching that one so again it'd be interesting to see whether they get to it or they trap the buyers there first and we can see some small number of buyers on the Delta side that are up there we can also see if we zoom out that they added some liquidity above and the liquidity below remained steady so question of whether this liquidity which is at a random number is just pressured to push it down whether that you want to be filled this liquidity band here at the 39 level looks more likely to be the kind of liquidity that they do want to fill straight away we're seeing more and more I suppose we now got three sell icebergs where they're just taking a few buyers and positioning themselves to take some more and my view on resting icebergs is the longer that they rest provide they are above the market in ES more likely they are to be tagged at some point during a session and I'm talking more about the RTH than the ETH in regards to those resting sell icebergs above price so this little iceberg here of 13 has only had it's not been here for long but it's interesting here you've got a if you look at the Delta you've got a nice distribution that potentially trap buyers but it's interesting that the biggest level of liquidity in the order book which on this screen is 464 has not been tagged yet but it's resting and it is not flickering just saying how much is blurred yeah that's quite it pretty heavy as well and whenever you you're interested in particular resting liquidity I believe it's always worth looking at the actual number of orders in the book not just at the coloration of the heat map so at the moment you've got thick band of liquidity sell iceberg and a nice steady resting thick liquidity there but yeah they keep taking little sell icebergs which gives you the feeling that they want to trap some buyers and move it down towards the liquidity that we saw below which has stayed steady again yeah in terms of non-farm payroll releases this one is not that volatile now you could you could have a completely different price scenario where it it could take out that level and that level within the first 15 seconds but this has been quite gentle and gradual so yeah so what we're saying so what I was commenting on was there was a distribution of buyers that were potentially trapped start with this is a Delta column you can see how many buyers that we're up in this right hand column and the first action they did or as we zoom back in was collect a few buyers in this zone here which is 4535 down to 453350 and they have pushed it down eight nine points now so that was the first action and we know from the positioning of the liquidity in the book that the warner potential target is down at the 4505 level and if I look across at the profile for yesterday or I actually just if I just zoom out on the trading view chart you can see where yesterday's low was which is at 40575 so that one of the things that is pretty apparent when you do that is that this liquidity band correlates with that so they're looking for the stops under yesterday's low that's one of the reasons why they may have such a thick liquidity band down there okay I just wanted to talk through an economic release I was hoping for a little bit more volatility but certainly better than nothing also interesting to check what has happened to our volatile friend Mr. NQ so if we go back to the release it's the same kind of thing except we've got some nice price action here you've got a fail breakout or reverse bring or up thrust after the initial high there or the swing high there it accumulates more buyers there up at the 15 for 90 level and has taken it down 50 points that is that's and you sell 59 stop that's a nicer trade in my eyes but the action here was actually quite readable in ES and slow enough that you know that they were stopped sorry there were shorts on offer if if you had been observing in the present tense the action as it was developing inside book map okay just going to try and turn on the market pulse sound for ES just so we can listen to it for a little bit and you can hear the different pitch between sellers in ES and buyers you know one of the things I think is worth having for these webinars you know when we are observing live price action rather than looking back at action in EDH is to have the volume pressure market pulse widgets side by side for NQ on the left and ES on the right I'm only going to have sound on one because it would be a cacophony of noise if we got big sells or big buys in NQ and ES at the same time and I actually prefer just to have it in ES it's maybe one of those things that I should have had on before before the release I've got a nice marker of the release this big up and down stop above and stop below so that's one other interesting thing on these news releases that you could be one of the unlucky ones that gets stopped out below or above so there were 223 mbo stops below and 237 mbo stops above and if we look at this action it does look as if they're trying to grind it down but one of the young things that I pay strong attention to I do this more NQ than in ES is that if we if we do have a strong trend down but that the delta column is red for many many price levels it's far far too late to participate in the action in other words far far too late to participate in any selling action and the most likely action initially is going to be some kind of reversal to stop out those late shorts so in other words the highest probability play might be to take a long when this delta column is read all the way down after a big move down it's semi scalping but not completely scalping okay there was a question from hello Srinni and I'm looking at the YouTube there's a question from Wickers Jarved with non-pay payrolls what were the expectations I think I did cover that and I did it by looking at profile I looked at profile and then I looked at book map so just to recap what I did there was to say that in the ETH session we'd gone above gone below we were back in value and I thought that we would stay in value we might go up and down but we were likely to stay in value I then looked at the liquidity positioning in ES and I was most interested in what was stable rather than being pulled going into the 830 release so in terms of what was stable you had this thick band of liquidity below which is near yesterday's globe X low and you had a liquidity level up above the yesterday's high and what turned out yeah so I I thought there was a potential that they would go and tag one or both of those and then reverse but what did eventuate instead in terms of what we could see inside book map was there was a distribution so there were plenty of buyers in ES that were caught and we saw a few sell icebergs up here they became potentially trapped and then we had a decent move down at eight or nine points in fact yeah the move we can see so it was about 34 down to sorry there's a little bit bigger than I just said wasn't it it's more like 19 points 1920 points so that was a good move and now we're heading back to towards that liquidity so you've still got you still have the arresting iceberg above let me just go you saw you've still got the resting liquidity above and you've got you're likely to have plenty of sellers with stops just above this zone coming into this liquidity so one of the things that is tempting for them is if they can play into those stops and tag the liquidity where they've advertised that they wish to transact and do business okay just see if there's any supply and demand that we can talk about yeah I think it's it's it's you can see springs on both of these but because there are economic releases they're too volatile they're too wide I wouldn't I wouldn't count those as true tradable failed breakdowns just because of how far the price action went a spring that's tradable really if you've got a low there it is not going to go much beyond it and then reject it because it's the notion is it's a failed breakdown if it goes all the way down there is it really a failure or did it achieve what it wanted to sell 50 stop one of the things I also say is that in book map it is always worth in my opinion zooming in and zooming out just to see the action from each of your small swing points just to see what has happened you know from this lower here if we grab that area we have some trapped sellers down here and we have quite a heavy buy presence all the way up so they have got some fuel they've got a target there or maybe they've got at least two targets they've got that as in that heavy liquidity band they've just added to it and they've got the resting icebergs they've got two and we know that they managed to get 19 points all the way down so we would not be surprised if they could get the same on the way up in fact they nearly have think it's about 17 or 18 points on the way up okay let's just have a quick look at the widgets as well to see what on this screen we can use you know as as we stay in the present moment with really really good information so as I mentioned with the stop and iceberg indicator it does aggregate so that the 544 sell stop there if you want to know exactly what happened you have to zoom in and it goes down to about a 400 stop which is still significant on an economic release now we're here we're we're talking about eth we're not talking about rth so if you get a an mbo si sell stop of the in the order of 400 that is significant but what you do need to do or what i recommend that you do or sorry what i would do if i was starting with bookmap is that i would observe i would observe and determine what became significant in my mind in other words in this particular sub session between eight and nine a.m. is 400 a large number of stops from what i have seen in similar sessions so in other words it is sensible to spend the time looking at it doing the analysis performing your own views of what uh what is a significant level that can be then used as a potential trigger you know if you've analyzed this for weeks and weeks and weeks and you've said at this time of the day that is a huge number that then becomes a potential long trigger in the arsenal of long triggers that you have you might have other triggers you know for example this might have just got to almost the liquidity band and had a very very small number of trades there that might have been a trigger to you um but um i i often find that the a large number of stops on the si indicator can be a useful trigger it's just one of the potential triggers there's absolutely zero guarantee that this will be a winning trade and as i say time and again every single trade you take is a 50-50 bet it does not matter if it's a particular setup that you have researched in accordance with your plan every individual trade is its own instance and you have to mentally accept that it is 50-50 and it's only by looking at a large number of the same setup do you get the statistics that you that you um led yourself to believe should occur you know that that is basic one-on-one probability and it's just one thing that you know we have to or i have to keep stressing and i will stress um you know as and when we do these webinars okay some action that is we're i'm not going to continue too much longer with this live um watching the nfp action but one thing we can see here is a sizable iceberg um as we get closer to rth um i take those icebergs with a pinch of salt and as i said that um it disappeared but they did transact 314 beforehand um i think i've already said that you know with with those sell icebergs i like the resting icebergs um when they're there i really want to see how many contracts are traded rather than just the fact that there is an iceberg at that price level okay right time is moving on and if i go back to the agenda that i posted into book map um i wanted to have a very hold on i have a question from mason on youtube so let me answer that question the pink line okay um okay mason let me just stress that everything on my trading view chart is free um so there is there is nothing that's proprietary you can go and you can go and create this yourself um from scratch um on this is the v-warp bands which are an approximation of value so the dark gray one is just a first standard deviation of value and that's just an approximation of where value is in the intraday session the green pink red lines okay the green line is yesterday's globe x high that's the trading view session of 1800 new york time through to 1700 the next day and the red line is the low so it's it's the it's the high or the and the low for that entire period so it's not differentiating between the rth and eth sessions you know this is a very very simple chart i do differentiate between those but not in trading view okay this is really about watching two markets in lockstep or when they're not in lockstep okay um so the pink line is the close which is an approximation of settlement is not going to be exact but it's very very close to where settlement did occur so you can think of it as yesterday's close um if you want the true settlement value you need the daily data from the relevant exchange and in this case it is the cme um and for e s i can tell you that the true settlement was 4521 75 so 4521 75 and um yeah on this occasion the trading view number tallies with that perfectly you can see 4521 75 so that is yesterday's settlement um in for the for the purpose of these webinars when we're talking about um home we're discussing one of the scenarios that we discuss is that the market likes to come and tag its home value or it likes to go and play um go it likes to go and play tag and go back to home base once a day or several times a day so that is one of the reasons why we have a bright pink line on this chart okay so hopefully that answers your question okay uh and the the black line there was you know obviously vwap if this is one standard deviation the middle is vwap itself okay um the price action is getting very close to that resting liquidity so um you know you'll hear me say this time and again having these um heavy liquidity levels are worth having on your screen you know providers you've done the research on how they can be used and the longer they rest and the more significant the orders in the book the more attention i may give them in these webinars okay but on this occasion yeah we've got reasonably close okay all right just let me just see if there any questions in discord i don't think there are no questions in discord wikis is asking for the recommendation for the best platform to view order flow on youtube years um wikis this is a book map presentation um yeah what i am going to do or what i have been doing on what i would do in future webinars is talk about the order flow as you see it by the microsecond and zoomed out in book map so um yeah the the view when i present these webinars is yes this is the it is the most accurate way you can possibly see see order flow order flow can mean lots of things to lots of people but um but if you want to see the best representation of every single trade in a market and that really is what order flow is you know flow by flow of every single trade this is it this is book map so if we zoom in and we're zooming in right now you can see every single trade that is hitting the book that is order flow that is the flow of orders uh or sorry that is the flow of trades and the order flow as well is how is the order book in relation to those trades so that is where the heat map comes in and that is a key part of what order flow is in my definition and my definition is just one definition there'll be plenty of definitions out there okay and we're still grinding our way up to this liquidity at four five four zero so um yeah again a word of a word of caveat or caution about some of these icebergs and how you might use them so um i mentioned that i i sometimes or i can use them as targets these sell icebergs if you on the other hand relied on them as evidence that you must or your it was a potential entry to shore you just again you have to do the research i think you've got a few examples here and you know if you if you've taken this first one they didn't fill the iceberg completely and then they move down there so if you'd taken it down there you would you would be underwater and again underwater there and there and there you know you might have got a small trade in your favor there um and meanwhile we have now hit that resting liquidity which actually got moved up let's see if it transacted with it and this is again is the beauty of book map you can see whether in each scenario on each occasion that liquidity that has been resting or actually wasn't resting here it got moved um was a trade or transacted or it was just an advertisement by a bigger player to advertise the fact that it was likely or potentially likely that business could be conducted up here so that's one of the other things i mean even though i talk about the value of resting liquidity i always try and stay in the present moment and i accept that that liquidity can just be completely false it can be false advertising or it can just be a law to get price up to there and for them not to to to transact but often what may happen is that you get enough of the transaction so so that it still represents really good price information so for example it may not have traded at this level exactly which is 4540 but you can see there was a large trade of 718 there maybe maybe i should drag in maybe it was actually transacted so have a very good look at this one this is again the beauty of book map so if we go right out yes it was transacted here you can see they took some of the orders off but there were 106 contracts bought into resting liquidity or the liquidity that was placed there regardless of whether it's resting or they just moved it there or but there were no contracts traded in in this initial zone of where we where we noticed that resting liquidity was so that is the absolute beauty of x-raying into book map so you can see and you can note and that was one of the things that i did want to talk about was journaling it is so important in my personal opinion to journal what you observe you are in a probability game it can be a high probability game it can be a low probability game but you can improve your edge and your game by observing and taking taking detailed notes of what you see in the present moment this is not after the fact not after the the action has happened so we're talking about time stamping you know so say you saw some action here and this is just me talking very high levely about about generally say you saw some particular action about pulling and transacting at this high liquidity level you do a timestamp note at 8.53 so you've written down when that occurred and you you've written it down in whatever format these days you know there are all sorts of note-taking tools there are even AI based ones there are voice dictation so you could write a timestamp little note of what you saw there and then have that easily referenced by search or whatever so that you get a picture of exactly how this kind of order flow plays out so that you understand from a probability perspective the likely scenarios should it happen again in a similar scenario there is absolutely no guarantee that it will happen in exactly the same way but I believe it does help if if you know the potential things that can happen that you've seen with your eyes in real time and noted in real time so it's one of those things that I do do strongly recommend there's all I mean we will also talk about preparation as well as post-session reviews I mean I will not spend my entire day running a review or a camera replay of exactly what happened I just think every single moment is different but I do believe in post-session reviews and prep but I have particular views on making it as practical and useful as I can wikas was saying something nice about not missing webinars going forward there if you go to the bookmap discord they have an events calendar wikas so you can always see a week in advance what live streaming events and what other webinars are going to be shown in the forthcoming week I think at the moment I'm on Wednesdays and Fridays at 8 a.m we'll see what happens going forward but yeah that's always good place so just go to the website bookmap.com and search events calendar and you'll find out what's coming on there you know there's quite a selection of presenters you know I highly recommend my colleague Tom if you want to learn a lot about volume profile I focus in these webinars webinars on the ETH action in ES and NQ I look at particular styles of trading I look at different components that you need to get you to trade in a way that you can take on the casinos that is effectively what this market is so it's just really ideas for how you can approach trading of NQ and NDS in ETH and sometimes also in RTH but yeah but that's what I will be focusing on in these webinars again I apologize to anyone if I did not start the discord webinar in time again I'm learning on the job on this one I've been learning OBS for a few days now but yeah I hope some people appreciate you know that this is not overly prepared in advance that this is really a webinar about the here and now the present and observing what you can see in real time rather than something where people present you know perfect pictures of supply and demand for example which very rarely happen in practice okay I'm going to wrap it up there so thank you again for coming along and cheers have a great weekend