 Good morning traders and welcome to the book map live trading webinar here The advanced education you get with book map. This is free at the moment and We do this live analysis every Monday Tuesday and Friday yet with book map. This is free And then we have live trading with Jay trader a stocks trader on Wednesday, and then Thursday is Scott Polsini futures trader So this is forward-looking analysis. We'll read the current market and give insight to where we think price is going to move next All right, so we've got to go through some disclosures quickly and we're gonna jump right into this market and dig into the details here General disclosure 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 All right, so let's jump in here and see what's going on and looking at book map I've got some data here from yesterday. I was out yesterday. So Sorry about that anyway, well, we have some bullish news obviously with Ukraine and Just looking at some price here now. I'm very kind of suspicious of this breakout here to be honest Anyway, we'll get into the higher time frame in a minute and we can look at the The day though or the overnight session we can see that you know nice strong move here and the end of the day yesterday and then the continuation here Just a note here when you guys see this kind of powerful strong move that we look for in the order flow like this At the end of the day look for continuation It's a pretty easy trade the overnight look at this just this is a like a beautiful kind of bull flag pattern here is just and It's not so much again about the it being a bull flag. It's about the order flow strong buying right through This liquidity up into these areas here sideways action strong buying at the at the European open So we're looking for it to continue That's what's going on now. Let's just zoom in and see what's going on here And we can this is getting me. This is gonna be an interesting session we've got some pretty interesting order flow setting up here to take a look at and and There is you know, we just traded into the high liquidity here at just after eight around 830 or so And we're just below that area now All right, and we can see the selling coming in look at the strong selling here at Just after the open we see a rise to the upside and then look at the strong selling followed by more strong selling and again more strong selling All right, so we're right back down now into an area of structure that we Talk about here all the time Here's a structural area of consolidation followed by a breakout. Okay, then it creates another Hold on a minute. Let me toggle that if you guys want to Draw something and have it return right back out of drawing mode Then just click on this one here and that'll do the trick I know Scott Pulsini Loves that so anyway, that's one Let's draw up another rectangle here and we'll just keep it in drawing mode Okay, and this is what we're talking about in terms of structure And this is kind of a beautiful little vertical structure up and down and then right back down again All right, so we are testing this structural area here and starting to get a little bit of a bounce here And guys when you're in this mode here, you see this red Rectangle or outline around the chart. That means I'm in drawing mode you can come up here and click on it and Go to or select none or you can very quickly just Hit escape And you will be out of drawing mode. Okay, you'll be back into regular mode here in the chart All right, so just a couple tips there All right, so the Let's see here any questions. I need to catch up on No, we're looking good. Okay So yeah, I'm kind of curious what's gonna happen here in this bounce here We can see this strong cluster of of buying here just around Seven forty five to eight thirty or so or eight o'clock basically We get this other breakout here just before eight thirty so yeah, it would anticipate a bit of profit-taking here and you can see well We'll get into the microstructure in a minute here. You can see where we're testing though. Okay another area of consolidation Area of consolidation Area of consolidation and that we're retesting this area here. Okay, so be looking for Probably and the likely move is to continuation down into 4590. This is a pullback here In fact, we talk about this all the time. It is a low volume pullback Okay, so we are looking and here's our continuation guys This is just what we were talking about All right, it is a low volume pullback, but it's starting to pick up a little bit more All right, so we'll keep an eye out for this here and we're still looking for continuation now We just traded into 4590. Okay, so let's see it try to get down in a little bit lower here into some of this Liquidity here as well. All right, I have the liquidity marker Up on the chart. I'm gonna take it off for the moment here And we'll go through it again. All right Okay, so anyway Yeah, we're still looking for the continuation lower basically and Looking to see if we can break a new structure here. It doesn't really it broke it, but it's kind of back into it here Anyway guys, let's say let's take a bigger step back and look at the bigger picture here This is what? Looks very suspicious on the higher time frame is the break above These swings here. There's gonna be so many stops up here And and people are gonna be taking some profits up here as well. So yeah, it's a Look at the volume as well here. So, you know pretty low volume Even even yesterday is kind of on par with several days in here But you can see there's kind of a downward slope in here And if today is low volume We're probably gonna trade back down Into kind of 4500 here something like that and although this just just you know structurally here Is beautiful very very strong powerful move here momentum. This was end of quadruple witching I was looking for The failure around this area here or you know something to happen Not much just kind of chopped and then we continued on and we marked up this this area up here this white line around this kind of 86 right where price is right now and Look at the wick here already. That's rejection Okay, so on the daily chart, so we're looking to see on the daily chart and let's just zoom in a little bit more We'll look at one month. Okay, if we get rejection here like this if we come back into the range If this starts to go red here this candle, and they it's kind of bounced off the top of yesterday Let's see if we can get back into yesterday's action here. All right now that the hourly let's We're looking that at that here on in the center and what we're looking at here is I'm looking for a gap fill So let's look in maybe a bit closer here and look at one week Let's see if we can get back down to here. So about 4569 or 70 somewhere around there 68 And looking pretty good so far. So let's see if we can get a continuation back down to this area here and we'll look for this Order flow if it's going to continue on to fill that gap It looks pretty nice in here as well on the 15 minute chart on the right you can see the rejection here, so Yep down into this kind of 70 area 69 70 something like that Looking for it. Okay. That's a possible scenario All right, let's jump back here and What did we get? All right, so we got continuation. We were look we're just we're away here And Traded into this 90 level and we're still looking for the continuation. It did it already still looking for it and Even look at this area in here This is a pullback here and again talk about a low volume pullback here. It is again Hey guys moves like this and understanding the order flow in these kinds of moves It's going to be really helpful That's the primary scenario here until you see something different. You're looking for the continuation Hey, there's not enough buy volume in here. Hey, they're trading into high liquidity. That's true lots of selling There's buyers on the other side here and we'll continue to watch them But we don't see buyers come in yet at some of these Pullbacks here not not enough not a lot. Okay now that may change here soon And we're going to look for it. Hey, but as is right now, they're on the offer here and they're on the bid Down here around this 4580 level. All right now if this low volume pullback is going to fail What are we looking for? Hey, what's the primary if this is going to be a failure here? It's it's kind of starting to do it a little bit at least at least you can see buyers are starting to test now the structure So what do you what do you guys think? What is it going to take to? Make this break down here and all of this volume fail here anyone anyone have an idea here Guys, can you hear me? Okay, okay, Aaron. Yeah Okay. Yeah, thanks guys. I wasn't sure it was like whoa that was a diatribe and 10 minutes or so and and no one no one can hear me um No, I mean Vishal like let's put VWAP on here, but that's not really what we're looking for No, no, and we're talking about order flow here VWAP is is is something else to look for Snuffle platypus Nope not stops We're not looking for stops either. We got our stops in icebergs down here and and also cumulative volume Delta We've been covering a cumulative volume Delta as well and actually the setup here is pretty nice on cumulative volume Delta so Again talk about low volume pullbacks. My god. Look at this Strong selling strong stronger move here sideways even though price came up here. Um, okay, so no that is fine that You guys don't know the answer. I mean like that's what we're we're here for to go go through this and kind of I just read the order flow in the in the real-time market so what we're looking for is a Host of different things, but at this area in particular up here We're looking for and let me get my pen in here my pen all right, so Here we see strong strong selling Strong selling okay, it's it's driving this market lower now This is the area where that strong selling kind of initiated right in here Okay, and we see some buyers above it here All right, so now it failed it. They didn't really break out of the range here above this this area here But we're starting to see some strong buying up here though. That's what we're looking for if this is going to start to break and It it doesn't matter if there's strong selling on the other side here because the The strong selling is just it could get very much upended here If we get buyers back up above this area now, we did get buyers back up above this area But they didn't they weren't able to take it much higher. They kind of they kind of came up and tested this structural area here Okay, so what not not bad Not not bad, but this is kind of where you start to see a Potential slowdown Okay, so let me exit the pen and let's draw up some structure here Well, they actually broke the trend trend line here and now we've got a new one. Okay, so Going here. So now that's that's This is how that you can start to kind of you know piece together a potential reversal at these areas here So what what we're looking for though is continuation until we see something different. We're starting to see something maybe a little different Okay, so strong volume now even if We're gonna go through a host of other things we're looking for see see the buyers come in again here Okay, so now let's see if they can lift it up to this per this previous swing here Just just at 45 91 or so. Okay looking for it This was the swing here. Hey down to here. It's a it's a higher low here Okay, so we need to really see these these buyers come in here now They've just tested here they go so they should be able to reach now 91 So as is we're looking for buying on the other side here That's what we're starting to look for now even if now we came back down here and kind of retested We didn't even test the low here. We tested kind of where this and if dove is in here these these large Volume dots as well as high liquidity Okay, these are these are areas where a lot of transactions took place So we look for retest to those areas on pullbacks or potential reversals All right, so here here what I wanted to mention is we have the potential If enough buyers come in here, they're gonna take it away very very quickly. We've seen that happen many many times over so But they they they did come up here And they tested that area But they weren't able to take it through okay They met they met the sellers on the other side here in the order book You can see in the heat map in these areas here All right, so we we came back down Now if we get enough buying up here and let's see can I make a Shape in here hold on a minute. I think I'm just going to use blue here All right, so if we get enough buying up in here And enough buying again, they're just gonna take it away from that area and take it higher Okay, so you'll get this move here And it there doesn't have to be a retest they've they've upended the sellers down here so It's possible and we have to be open to that scenario because otherwise you get caught up into this on a low volume pullback And you're gonna get stopped out really quickly. Okay, it's a short squeeze so the Let's clear that the A lot of times that happens many times though what we get is exactly what's happening now So you get lots of buyers up in here You we continue on down, but we're now we're starting to see a kind of a higher low And then you start to see more buyers come in again, and we really kind of our ears or eyes kind of You know this caught our attention right in here this buying so we're looking for that move Up in about 91 and I think I think it did it and see it did it quite do 91 not quite 91 It came up to about 90 and a half all right, so Anyway, now we're kind of chopping back and forth. Okay, so we've gone from trending to sideways Okay, now what we've been covering is Just volume so far and it's a big piece of the puzzle But it's really kind of half of the puzzle Who's on the other side of the trade and this liquidity is the other other half that's vitally important here And here's why okay liquidity getting filled here Let me use this pen again Okay, look liquidity getting filled here in here and in here Okay on the way down and we know that we can look right at it We can we can zoom in there and look at all the details as well and this one of the pieces of the puzzle to start to look for Okay, now are we going to continue to get low volume pullbacks or Are all of these buyers on the bid here starting to absorb all of the selling pressure And once they do we start to look for buyers to come in at these areas here kind of above where sellers Took it lower like this right in here Okay, so it's the one of the first things to look for for a potential Reversal or at least Consolidation and then trend continuation. We might get that scenario as well but Anyway, we'll take a look here Okay, so so far We've got some buyers in here, but we're not getting them now. We need to get them up here. Okay at this 90 level Here they go and they're pulling see them pulling on the on the bid all right buyers You should be able to break this level here if you have enough size You should be able to break it and you should be able to come up to 93 or 95 here We're looking for that scenario to play out right now Okay, now be careful here because we're not quite out of the woods yet This could be another like kind of break out here So however you want to manage this and this is not a trade recommendation, but this is something to consider is Be being kind of careful here with your trade management Because it depends, you know, I mean if you want to really you know go for it And you're looking for a higher timeframe move But then you'd have your stop, you know, probably down below here And you'd be looking for this to come back to VWAP, you know something like that I forgot who had mentioned that in here but yeah, so Anyway, here's our read guys and we're starting to see it play out Okay, so we're almost at there we go. There were 95 right now Okay, so you and you could have we were kind of leery about this Because it could have been a breakout and then pounded by sellers and continuation back down into 80 So it was kind of like tight stop here and in fact in this Scenario here with a tight stop it would have worked out pretty nicely Now just make sure you you know you study this and and Again, not financial advice here but consider Taking some off here because there's liquidity up here Okay And then yeah, you can you can manage it all all sorts of ways when you take some off up here Now if you if you're trading micros you you know and you have a small account you can very easily do that If you have a bigger account and you want to take some off on your your regular e-mini contract great Or you can get in all all in all out on some of these moves when they look like a high probability I think Alan is doing something like that Snuffle snuffle platypus. We have you failed us. No, no not at all. Um, okay. Thanks David dove took the day off. Yeah Well, anyway, a lot of times like we this this is kind of a weird pattern in here It's it's pretty typical actually But a lot of times what we get is this is how you get your head and shoulders Pattern here and and the reason that we're not getting it Does anyone have any any idea why we're not getting a head and shoulders pattern in here? For a reversal Yes, David. We are working on a scratch point tool Yep Yeah, we're excited about that. It will be released pretty soon People on YouTube. Oh, yikes. I have to get to your YouTube questions. Sorry. Sorry guys. I I'll get there in just a second here. I'll hold on but let me if if you guys want to you can also have the discussion going on in Our discord channel if you want to jump over there So However, you prefer but I'll get to everybody's question in here So we kind of have one foot in in discord still one foot in in YouTube Old ord. Yeah, you if you don't see my stream here in discord. Yeah, you're not gonna I don't think at this point you're gonna have to go to YouTube. There's we have more than 50 people in there So there's only that's the look that's exactly why we have to go to YouTube The discussion is really nice and the way it works and in discord and we kind of prefer it Yeah, David. Okay, so this is this is why like typically we get What happens here is you get a kind of a cluster of buying like this But there's still a lot of selling pressure and they go one more time and They hit this 80 level down here make a slightly lower low but but usually Typically what you see is a lot of liquidity on the bid because this is this is a deal to to really that's the head of the Head and shoulders or reverse head and shoulders. You'll see a lot of liquidity typically Getting filled a lot of liquidity on the shoulder part and the head now when you and you see a lot of buying over here On the on the low volume pullback Okay, so then what you're looking for after that is kind of a move back up into this cluster of buying Hey, and it did that already Okay, and then you'll get kind of a pullback and Everything kind of turns around here. You can even see the strong buying in here and Then you're looking for a low volume pullback on this on the sell side and there now you can see it You can see it here All right, and then you then you look for the break here exactly like this And then this is the kind of break of the neckline. I guess, you know, no look I really I reiterate again and again. I don't like The way books talk about these patterns I'm talking about the order flow here and this is you can see this is not a head and shoulders But the question was and you guys you can see the move up into 4600 didn't even get to VWAP here, but it touched the figure Okay, and you see the sellers come in right so they're gonna probably trade That's a lot of selling so they're probably gonna trade it right back down to where it broke out from here And there's liquidity here at 45 90 right, so All right, so if Yeah, so the question the original question was Why didn't this turn into a head and shoulders in here and it doesn't I mean, this is what's so important about understanding these market market structure and Putting these pieces together. No, it's not liquidity at the bottom. No No, it's that's a good good Good shot at it there Alan, but it's not it's not Well, yeah, this might have an influence on it for sure, but that's not really the reason How can you predict such an aggressive sell? this is Hard to predict this right in here if in current market this this selling however There's been a lot of selling in here so In you know, we're looking for the buyers We're kind of looking for cracks in it here now the reason I think there's some selling in here I'll go through in just a minute, but Just looking for your your guys Input here on on this kind of why this didn't turn into a kind of a head and shoulders pattern That's that's right. I'm so bad sellers ran out of strength to form the head exactly There just wasn't enough selling. Yeah, nice one. So yeah, just you know enough selling here for sure Cluster of buying here come back down. We don't find enough sellers And we start to find a lot of buyers here again Wow, okay, in fact, we likely would have been looking for this to to move at this point here in break And But it but it didn't we got a few more rotations in here The good old S&P Rotations and then and then we started to see that the the buying coming in here yet again Because right in here. I thought we'd fail to be honest I thought that we'd get selling us down sellers down here and then hit 80 But instead we made a higher low. We didn't see a lot of selling and we saw a lot of buying here All right, and we're breaking the structure Hey, we're going sideways consolidation. We get enough buyers here We should break out and hit 95 and we did and then some and we and we also said like, you know 95 you can take some off And then look for VWAP now it didn't hit VWAP, but it sure hit 4,600 and we sure found the sellers now All right, so this is precisely why this pattern kind of turned out informed this way There just wasn't enough selling to take it to take it lower. Okay, we found some buyers Yes, Maj the the room is full, but you can jump over to YouTube go to book map comm slash YouTube and we're over there streaming in and that's where we're going everybody so You know, we're just kind of kind of like I said one foot in one foot out or one foot in YouTube one foot in And discord at the moment as we make this transition We'll get Tom over there too. All right, so let me get to the YouTube guys here. Just a second. Sorry. Sorry about this Yeah, the bubbles why are the bubbles larger you can play with the size here, it's on the slider here You know, you can make them as big as you want or well not as small as you want But pretty small. Okay, so they'll play around with the setting. You can also right click on them And then go to volume dot settings and then you'll see the slider in here for size as well Okay Yeah, Travis, I'll try to use a different pen color. I think I think that the either like the pink or the The red seems to be a bit better. Oh, thanks Nat. Excellent Glad you appreciate the commentary here Um Yeah, I mean, we're gonna just do more and more of this so what yeah, here here we are right back down to and we this was a Probable scenario like a highly probable scenario because of the strong selling Right to retest back down to 90 where it broke out from now What else do we see down at 90? Okay? Now, let's see if we get enough sellers here They're gonna break it and and I don't know if we're gonna at the moment and you can see yeah, we're not And you can see the bid starting to light up here. I Not not don't have much of a read here yet on this Because you know, they're bidding now they pulled all of it. You can see them a few times bid up pulled bid up pulled bid up pulled So, you know, it looks like it looks like other traders are testing the market to And see is there still buying pressure in here or sellers coming in? Yeah, we should take a look at spy as well and See if we get any sort of A gap fill oh, I don't I don't have spy on the on the daily chart Okay, interesting move here Okay, Raj you want to take a look at Bitcoin. Yeah, we can do that. Yeah, this works tab. This works for equities. No problem No, it's pretty transparent. I mean, we'll take a look at some equities here as well You know, you might want to check out the AMA We did with Dove. I mean, I'm sorry with Doug Let me let me show that here. Okay, so it's here Right down here bonus material and then special events. So this was we did this Market close on Friday click on that there and then you watch this one on Doug so, yeah, you might find it really interesting because of He looks at the options he looks at the SPY There was some really nice things and actually he and during the advanced webinar. He pointed something out And we asked questions about that about it in here. So I would really suggest that you go go and check that out Yeah, alright, so we'll take a look here now See see how we didn't really know like in here hard read Is there buying pressure or selling pressure? Well, we're finding the sellers now and it looks like some news in here to me but Looking for them to take it lower looking for, you know sellers to bring it down to 85 here. We're back into the range here Okay, and I want to see them take it to the other side of the range And I want to see them to hit this liquidity here And ultimately we're looking for that gap fill, right? So that would be down here around this this area and there's liquidity down here Around 68 or so boy. I still don't trust it. I mean like We're we should get a low volume pullback here We we are and sellers should come back in after this this kind of strong move here So looking for sellers again here. We should they should break this here and come right back down to the low 86 85 here. All right sellers. Let's see it here Should be able to do it It's just kind of yeah, it's just doesn't have a like a sure feel to it here like and boy. I know that that's I Gotta give my reasons for what we see in the order flow here But basically this was a very strong and quick move and then we have a pretty quick, you know Retracement it is a low volume pullback on the buy side. There's no question about that So maybe they'll pull back to this volume dot here Where we kind of broke from and traded into this this high liquidity here If we start to see some sellers right down here around 90 then I'm looking for them to break it So now we now we need to look for the strong selling now. Okay, that's not really strong. I mean like I wouldn't you know Look at this as follow-through Now it might it might that's the primary scenario is we're looking for follow-through to the downside Okay, but look at the volume in here. We just didn't get it right. This is not telling us much so now we're gonna watch the order book here as as You know larger players are gonna play around with this and see where the pressure lies Okay, there's high liquidity in here. Okay around this 89 and a half level Okay, so sellers know they can they can trade down here And now see see there's more on the bid here now, what's what what's the reaction? Not much now they pulled. Okay. Oh, this is good. This is where we really love it Okay, so look at the buying pressure come in now after high liquidity comes in here and There's a kind of a lot going on in here. So they come in here again It doesn't even look like they transacted at all. It's more like a spoof Hey able to get it back up to exactly where this dropped from here Okay, and do we see even more buying yet here? Yeah, we do. Okay, so maybe it'll come right back up into 99 and 4600 Anyway, I do not see like something high probability in here something that gives us clarity or insight here This helped this helps There's high liquidity in here and we found buyers All right So we're kind of it's kind of all over the place at the moment. We kind of lost that that clarity 4600 you can see it when we zoomed out here quite a bit of liquidity up here. So now we're pulling right back All right, let me get to a few more questions in here Steven how are you able to get that historical data? Yeah, there's a few different ways you can you can subscribe to up to Is it 48 hours or 24 hours for futures? And when you open up a symbol you can you can add that in or if you have a symbol open up And let's say you have an hours worth of data You can zoom all the way out and then on the in the center of the chart on the left side here There's this kind of gray Square with a white arrow in it click on that And you can add in your your data here now right now It just says local here because I added in like 24 hours of data or earlier today Okay, so I don't have another option, but you'll see one hour local and then 24 hour cloud or or you know some some hours that say cloud It will say slash cloud And then you're looking for You can select that and it'll start to load it. You'll you'll see it up in the upper Left corner here of the chart. It will say in red text. It's it's loading it All right. Oh Okay, Dan just just went through all of that. Thank you, Dan All right, guys. Well, let's yeah, let's jump over to Bitcoin and maybe a stock and answer some questions there And then I'll let me breeze through some of these questions. They're here also in discord at the moment Vladislav your new to book map Yeah, come to these. Well, this is what I would highly recommend is your new to book map. That's great There's the YouTube channel that goes through how to use book map And especially the features and components playlist Here I'll show you that Okay, so you can Under bonus material here features and components click here on that text It'll open up the playlist here and you'll see all these videos in here There's about, you know, 54 videos in here and they go through many of the different features So that'll get you up and running on the features the But there's also the educational course so In fact, I believe we open it up for everybody at this point. So, yeah, you can You should be able to see it here. Now this I highly recommend that you go and watch the educational course because the The course here, let me see if I've got it If I'm logged into the right channel Yeah, there it is Okay Yeah, so here. Let me put this into the chat for you and that they this is gonna be it's in in discord here But there you go. So watch that. Okay, and watch at least parts one and two to begin with That will provide a good foundation And then from there we'll get into a lot more advanced stuff and then, you know, you can watch three and four after that But then come to these webinars and ask questions Come to as many, you know, come to our discord channel. There's there's, you know, some really good Chats and discourse on all sorts of things in here. Okay, we have we have all sorts of other special events That we do There's Tom Tom B. He'll he'll be Streaming after this webinar So look for that as well He will be he's in daily. Okay around 1130 That should be really helpful And and then those these events that we're having like the AMA with Doug and Other book map traders. I think you'll also find very helpful Okay, and it's all based on the foundation of that course that course content and that that should that should be helpful for you Okay, so yeah, that should that should do the trick for you and Then Aaron is saying yes This is very nice. Keep attending the live streams in the end It's really about screen time and testing your own strategies. Oh god. That's just beautiful to hear Well, here you go guys. You're the VWAP trader Back to VWAP here. Hey now interestingly enough like it took a while here Even with this strong selling and we're looking for continuation on that selling and and you know, we didn't get it In fact, it just has been really choppy since then Okay, so Yeah the Okay, thanks David. You got some news there about Ukraine All right, I'm caught up there All right. All right guys. Well, anyway some VWAP we have 4,600 and VWAP up here Okay, both are trading Right up into that area here So we're kind of as you can see like even our volume profile over here We're kind of in this big, you know glob of a profile The high volume note is up here So we might we still may get buyers and come back in we even have a spot gamma level up here Okay, a combo level S and S and SPX and SPY. So maybe 4,605 or I'm sorry 4,607 somewhere around there if we get enough buyers and you can now look at structure here Yeah, we'll go over that we'll go over a structure in just a minute right, so when we come we're gonna take a break from the S&P take a look at Bitcoin and then also look at a Few stocks just for just for answering some questions here and look at something a little different now, I just want to Go over one one thing beforehand here In terms of structure now just market structure Okay, so in fact, let's take off the volume here the heat map and the volume And let's just look at market structure And let me clear the drawings Alright, so in terms of market structure We were looking for continuation strong move I thought it was news. So I thought we get a very shallow pullback and then a continuation And you can see it pulled back into now. Where do you guys? I mean, where did we look for our for our pullbacks? Okay, we've covered this several times in the webinars and What sort of areas do we look for? Russell's on a rocket ship. Okay. Thanks, David Yeah consolidation areas But on on pullbacks On after a strong move. There's a yeah little little areas That's yeah, I would totally agree with that like little areas of consolidation like this here Hey, it already did it on this pullback here and Also where it broke from Alan. Yep, that's another one Yeah, but also volume clusters Okay, and transactions with especially with the you know with the heat map here You'll see like the transactions with the with the heat map a lot of times and those are areas for pullbacks to look for as well now You know if it's a strong move though, what do we typically look for in a pullback? low volume sure But it's strong on a strong move though like a strong selling. No not orders above Getting there. I mean, this is why like we'll go over it again and again the no that Not not not buyers to puke Not not yet Alan the the puke is should be in here to be honest, but like On the on a strong On a strong selling move here that not only was strong selling but also a strong move by you know in terms of price or points What we're looking for is typically a shallow pullback Because you're just not finding buyers Now you may when there's volatility you will you know You'll find buyers come in on the other side and try to ram it right back the other way But typically we look for shallow pullback. So this would be your kind of most shallow one right here and it already did it And you know, you can look at these areas in here and and you can like develop trading strategies around these It's a low volume pullback. It pulled back to this cluster here, which just broke it here So in fact, that was the right answer about like to where it broke from. Well, here's where it broke from Okay, or it broke the range here or the structure here Okay, you'd also be looking for where they kind of initiated that move and that's actually up here now It's not very, you know, clean and clear here But you would be looking for that And you'd still be looking for selling to come in Okay, now all the way back up to here would be the the highest pullback Back up into this area here. All right, and then that's when it's a pretty it's a full retracement And it also kind of opens the door for buyers to get back above it here But what we're going to look for is kind of a host of other things if we get back up into this area It gets a little more tricky. The easy the easy trade is Looking for shallow or pullbacks to like maybe this little consolidation period like Alec was talking about or Kind of where it broke from in this little area, which is right here Okay, right here is where you see the selling come in in okay, and Then it that's exactly where it came to And then it did not make a higher higher high either it was lower high and Look for and then we look in for here Hey, what do we look for on this pullback at this point? Okay, when it comes back into that area, what if it's a shallow pullback? What does it mean? No, no shallow pullback means that the sellers are in and there's just not like let's say it's sell side the sellers are they're coming in and They just There's buyers are they just stay out of the way if it's not a shallow pullback You'll see let's say it on the sell side. You will see strong buyers come in on the other side I'm sorry. Hold on. I'm getting kind of mixed up techie girl. Um, so hold on a minute here if it's not a shallow pullback, yeah, and So basically the price movement is not very strong Yeah, typically you know It varies on the context and that's why I'm kind of struggling a little bit here with it with a clear answer but We're looking for clarity the most clear thing we can look for is strong volume and a strong price movement now if you get kind of a you know a You don't get a strong move and then But you get the strong volume. Well, you know, it maybe it continues to the downside, but maybe it doesn't I mean, we'll go we go through all of these different scenarios in here but the Yeah, no, no, I mean it we've been we've been covering the same thing for years I mean, that's why it's better to go through Alec. You're confused as well. No, it's No, it's quite clear in my mind. I just need to get it out So if it's not a shallow pullback if it's a full pullback We'll look for that volume within it like now. Is it a low volume pullback? You know, so maybe it maybe there just wasn't you know You got a really really strong move and sellers didn't come in until it came all the way back up here Okay, and then that would still be a low volume pullback now The problem with that one is that if it comes back up here It doesn't matter if it's a low volume pullback if we can get buyers back up above these guys They've got them on the run And you'd be looking for a stop run above this area right here. Okay back up into 4600 Okay, so these are the scenarios to go through now. I think what's important here to cover Okay, techie girl. This is exactly what I yeah, I'm glad to hear. Yes, that makes sense. Thanks Exactly what it has to make sense is common sense to these things That You know, where are the sellers well, they're here Okay, what if the buyers can bring it back up here on not and it doesn't take much volume at all Like it could just float back up here and you just didn't find sellers Then the scenario is though, which makes sense. What if we get buyers back up above it, right? All of these sellers in here Well, they're gonna have to like be buyers on the upside here. They're gonna have to exit so Yeah, these different scenarios, what if there's strong move though, and we don't find many buyers It exhausts here. This is the answer is kind of looking for before is We're looking for less buying here, and then we're looking for sellers to come in on here Okay at this area here, they'll pull it back down again at least to the swing and likely lower Okay, so now we're talking about the Continuation pattern here Right anyway each of these scenarios here This is what I kind of struggled with each of these scenarios here will go through in these pullbacks This one here is a strong move And then we didn't really quite trust it With the this zoom out here for a minute. We didn't really quite trust it in here It's like yeah, you know, I don't know about that originally. Yes I thought it was news we get a shallow pullback and continuation into 85 and then 80 And then we were reading it in here and it's just like yeah, no, you know, it's not quite it and and why was that is because we saw like We're trying to read the volume in here, and we weren't clear on who is really in control in here And we saw that the member we saw the bid in here I kind of ramp up a little bit and then they pulled and they you know Showed a little bit more and then you know price kind of went back and forth in here And then we saw these guys come in here and we found some buyers It was this liquidity here and here that helped us Okay, because we found buyers after they they showed that liquidity and then Someone took a stance in here. Okay, and it pulled all the way back here and kind of bounced off the structure Okay, where the buyers came in all right VWAP We bounced above it and now we're back down below it. You can see now how And this is where I was leading to before some of the questions What we're looking at here is structure Again structure like this so now the VWAP and 4600 has become a kind of over under Area Okay, and they coincide so it's a you know pretty pretty good one then Okay, let's see David you got out All right, yeah, I mean Good good decision Like if you don't see something strong and in but it's giving you the price movement to where you want And there's high liquidity in that area and you get out great. You don't know. I mean you might kick yourself later Maybe it followed up with more buying, you know and but If you you look at it and you you know if it was really really strong buying in here Then it would be something different you you probably want to hold You know likely hold maybe take some off but then hold And on days when you don't get that strong volume Well, then it makes pretty good sense like, you know get out and look for the next one because likely you're gonna get a pretty strong pullback Okay, so hopefully that answers that maybe some of your questions that techie girl as well Yeah, exactly if it was making you getting a little nervous or you're just not liking it Then it you know you're it's telling you something the order flow is telling you something You can always re-enter exactly. This is just just great to hear Yep, just look for the next one exactly. I mean there's many days where we see that and Yeah, and and techie girl. I mean it's this I've used that that word context for for years, but It really is about the context. So that's why we'll go through another You know strong move and a pullback and start to understand that now I know you kind of gravitated toward this low volume pullback concept and idea I think it's great because that's a Very very high probability trade Well, I haven't done the math on it or that you know the backtesting on it, but we see it so many times So you should go back and back test it right, that's really important And and and look at the different scenarios of what it is All right, let's jump over now to Bitcoin I mean I get distracted and continue to talk here what I'll just go through what you know some answers in here Or kind of what I was looking for You know and and why this pullback here why it kind of stopped right down here Because of the high volume node in this area of consolidation in here. So it's kind of its last Gasp in here is if we look at this area of consolidation in here. Where's the high volume node? Actually, it's a little bit higher here. It's up here, but there's also one right around here You know kind of a high volume node. So somewhere around in here. We'd be looking for the pullback If we see sellers down below that area down in here, then they're trying to trade it then then it's more likely Okay, and again not a trade recommendation But it's more likely they'll trade down to the bottom of the range and break that range and and trade back down into lower liquidity Okay, so where did it go to? Let's take a look It came all the way back down here. Just Just just below that little swing. We thought maybe here. Yeah. Yeah, I did it I mean, there's another one right here. So and there's liquidity there. So around 86, right and That's almost where it came to This pullback. So that makes sense Again, so, you know, once they get through that area though Usually typically strong move the pullback to the off the bounce off the top of the range You can get one more here if they can get below that though then look out likely More likely we look for the selling we look for liquidity on the offer We look for them to maybe pull on the bid and we were looking for the continuation to the downside All right. Anyway, let's jump over to Bitcoin And take a look at this, you know, there's something on Bitcoin You know boy, like I don't know if you guys I reached out to a colleague on Sunday and had mentioned it's breaking out and Just looking for that breakout For a long time. It was on the daily chart So and we saw it, you know, beautiful beautiful breakout So it's moved to, you know, thousands of dollars and to the upside here Here I'm looking at the multi-book product here in Bitcoin and Okay, interesting Interesting move up here Here's a move to the upside here followed by tons of selling up here Okay, the Delta is is negative up here lots of selling here and On the move lower now, this is I see this a lot in in Bitcoin. I don't know how you guys we've seen this in the S&P Sometimes where The the kind of under over or the the pivot line is right here Kind of right here in the middle So and this is what we mean again by Structure Structure Structure Okay, above and below that that line there and Strong selling coming into this move back down into this into the line here But do we get strong selling down here? No, so we're gonna get buying back into the middle and we do Okay, now buying in here. Okay, not bad. All right. Well, let's see if they can break it and now again buying up here Okay, so right now I'd be looking for them to break it and let's see not only to get back up to the top of like maybe this kind of 9 47 9 20 Okay, back here I think they've got probably enough buying power here to try to reach back up to maybe 48,000 okay, so a quick kind of look here on In in Bitcoin now the problem here with like I was just mentioning of this this kind of like strong selling And then like it kind of tapers off like this. Well buying looks good to break it here So be looking for it to break The the issue though is if we We're looking for that strong buying that we were getting here And then a lot of times what happens though is In Bitcoin is you'll you'll see it just kind of taper taper off Like this And this is like God you really you were looking for it'll it'll you know likely achieve the target But it's just not strong buying and then what happens is is sellers come right back in and And then they'll they'll take it right back down to here. Okay, so Anyway, so, you know strong selling in here Not so strong. So yeah, we'd be looking for back kind of mean reversion trade here And so yeah strong buying starting to show up here. Let's see it. Is it consistently strong? Let's see Okay, if it's not and we get that tapering look for a move right back down Okay, maybe back down to the line. All right, let's clear our drawings here because it's starting it starting to break Okay, and we're looking for that break Okay, so yeah, we're kind of up to we're already traded up to the top of the range or 920 That was our first kind of area here, but looking for more than that looking looking to see if we can get back up into maybe 48,000 Hi, Samir Let's see here Yeah, oh, you know what I can show I do have never mind. Hold on a minute. I can show you Bitcoin on a higher time frame just a moment It's with our our bookmap web version here and let's look at a month I will give it a minute here Come on buyers Looking for those buyers to trade it back up here 48,000 so Yeah, thank thank God. We kind of waited a little bit and Saw some buying up here. So we didn't have to kind of wait around for it All right. Anyway, I'm gonna load this the bookmap web Here and then I'll We'll come back and take a look at Bitcoin and we'll cover some stocks though in the meantime and Yeah, it was really great with that AMA with with Doug and talking about some stocks where we saw the You know some really good discussions about what's going on in some of the stocks and in Doug and others were You know want to get a lot more active in the discord chat room on stocks and maybe watch lists and Things to look for The beauty on stocks like Doug was talking about is the liquidity levels are so clear and easy to read Okay, so looking at Apple here. Well, where are the buyers? Well on the bid. Where are they? They're down here At these levels now you can see at 930. Look how they Larger players just kind of park their orders and they just say like I'm here, you know come come trade with me if you want And you'll get it and they did you know 178 and it's kind of 177 75 area here. They traded And you can see that's as far as it went High of the day here so far and it's been really kind of choppy here as you can see Okay, so yeah, I really like the the clarity in stocks with the liquidity All right, so that's Apple we can take a quick look at Tesla as well Okay, Tesla to the downside some profit-taking there on the higher time frame All right, looks like here here come some buyers here. So I'm looking for them to trade into 1,100 here Yeah, yeah, they should be able to get it. They should at least get to 98 here. I think they they've got enough though Look at the buying coming in like, you know, they should be able to should be able to reach it Get up to 1,100 and video. How's that doing? Hey, that's just kind of Not as strong and I've seen much here. All right, hold on a minute here. I'm trying to find a More on bookmap web is doing some funky things Okay Yeah, anyway guys, you'll see like if you take a look at At Bitcoin on the on the daily chart the daily candle chart you'll you'll see the breakout It's pretty pretty evident and clear now that that breakout is really no different than what we're looking for in On this breakout here. It's really the same trade Same setup Same exact thing in here that we saw in this S&P during this session There was chopping here and then we're looking for those those buyers to ramp it up in this area here Start adding quite a bit more. They did and then we're looking for a breakout And that I was looking for the exact same thing here in Bitcoin for that move higher Okay on a much much higher time frame All right guys, there we go Perfect timing just showed up and there we go. There's our target 48,000 just traded And pretty strong buying. Okay. This is not that scenario. We just covered now It it may it may be in the sense that it could be just a big stop run and then it comes back down into Not only this this cluster here At this 950, but we can get even the breakdown below it It's a watch for that scenario here That's a that's potential Or a possible scenario is we need to see the sellers down here around 940 for that continuation Yeah, anyway That's what we see so far. All right a few more questions Okay, Drew that should have helped you though like with Bitcoin there I don't know if we have some earnings today in MU Sameer gold. I'm gonna take a quick look at gold God, I don't even know if this is that this is probably not the correct contract Yeah, I'm pretty sure I had yesterday off I usually update it then but yeah, let's let's cover gold maybe another time If you don't mind Okay, all right guys, so let's see here. We're coming back down to our European clothes And look at the sellers coming in so looks like they're gonna try to drive it away here now Trying to drive it away from VWAP. We're just back down to the bottom of this swing though But be open to this scenario now. It's been kind of under and over and under and over here the VWAP Now we're looking for We can see if we can get some sellers to drive it away here. So nice selling in here Followed by more selling in here Okay, so now we're getting our pullback and Yeah, would be a nice little area for a pullback somewhere around in here and Then looking for more sellers to continue in here. Let's see. Do we get them? Yep All right sellers ought to break it here. They should be able to break it looking for 93 92 90 beautiful There's 93 Still still looking for more now. That's a full retracement pullback now. We talked about this scenario here What, you know, we'll do a Webinar maybe just on low volume pullbacks Okay, because look at the Seattle buyers are back up above where these sellers came in. This is where you got to be careful And Here they are, you know So it's a low volume pullback, but they're above these guys already So this this becomes kind of a pivot point now So now we might get a retest back down to 95 here And we might find more buyers down here at 95 right, so does that make sense on Maybe maybe a techie girl if Do you under this this is a scenario? We were just talking about what this is one of these scenarios here Have understanding this like this is where the selling came in and Then we're looking for buyers back if if buyer even on low volume pullback if buyers come back above it They'll turn they'll they'll try to try to take control and they came back into here And that's it so far and you can see now we're finding some sellers here But they now they we got to get sellers below 95 here. That's really key here Yeah, so this is one of those scenarios here. Here they are. So now sellers should be able to take this lower Hey, we're looking for continuation. We're looking for sellers to take control again Buyers had their fun looking for sellers now to try to hit it down to the liquidity there at 92 and a half Okay, more selling, but it's not going anywhere. All right, see see all those sellers now be careful I mean like if you're if you're selling in there You're you're likely gonna get squeezed here. So just exit and now again, this isn't these are not trade recommendations It's just a It's a consideration that you know, it makes sense. We're looking for this. We're looking for more sellers They should take it lower. They're getting upended here This is not what we're looking for at all So it didn't do it exit. All right, you can kind you can even consider reversing Well, this is kind of battling right now Alan, I don't know, you know your responsive buying is Yeah, I mean it is going right back to VWAP as you can see. It's not really Yeah, I mean it I'm looking at it and you know, this is kind of like Under over type of thing or you know pivot line in here Buyers above it or sellers below it. Yeah, so this was a tricky scenario in here. Okay, so Anyway Trade management around some of these things. Well, you know, maybe you took some off down here That's that's a consideration Right now, you know, if you reversed now, you're looking for 05 They're really banging around this this kind of VWAP and 4600. Okay, Alan, let's see Yeah, I mean you can see like we've seen seen many days where it's super tricky trading But then you start to get a feel for it of like, oh, okay Well, they're just buying above this or selling below it and then trying to squeeze the other so these can be really nice trades actually if it if it's a day like that and You know, you get in you get out down here you get in here and you get out up here And you just do it all day long. Okay, so now you can see we're back up to 05 now and strong buying here So now we're now we're back to you know buyers taking control here. Let's see if they can get up to 10. I Don't know, you know, it's kind of tapering off a little bit. We're starting to see some sellers at the top of the range here So it's a little conflicting, but this is nice little strong move here on the buy side. Yeah price is still channeling up. Yeah It is there's more selling in here though you could even look at this here Here let's just Clear our drawings for a second here. I mean you could even look at this huge channel here David as a low volume pullback And look at all the volume in here. Look at all this selling. So look at the bars too So, you know, you can look for Maybe maybe this turns into kind of a double top here and then which would be a good one There's a lot of selling down here. So let's see if sellers can bring it back down below Or you can even you could there's all sorts of ways of carving this up Look for sellers to at least trade it back down to VWAP 4,600 okay, and now the nice trade for this is that In that bigger picture David just was talking about the channeling up. Yeah, it's channeling up But it could be a low volume pullback In the in the in the for the day, you know, it's possible And then you'd be looking for continuation through here and continuation in the trend You know potentially down to that that gap fill that we're looking for way down here around 70 anyway, lots of lots of lots of considerations here lots of things to take a take a look at and to Do the back testing on go back and use your replay mode in bookmap is such a great tool You'll learn so much on that replay mode You can speed it up and and look at many many different The order flow happenings again and again very very quickly and and learn that's that's like the quickest way to learn basically Oh nice drew really nice to hear Bookmap has changed the way you trade. Oh Wow, this is great You've literally been able to set shorts and longs at highs and low volume nodes Been able to scalp trade It's been quite amazing. Yeah, it's great. It's great to hear drew well, yeah, I mean that drew pose pose some of your your things and Your charts and discord etc. Let's let's keep it going and It's something that You know get get insight from we can show here on the webinars, etc. Just like the way David's looking at it and throwing it into the discord chat Like here's David's on his channel here Hey, but anyway guys, let's let's wrap it up Thanks for coming everybody and we'll catch up tomorrow for about 15 minutes and go through the S&P Before we turn it over to J trader and we'll look at stocks and he'll do some live trading and stocks tomorrow So we'll see you then all right Thanks guys. Thanks for coming and let's Let's meet up tomorrow same time