 Okay, good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and a little bit about these webinars. So Monday Tuesday says Bruce at book map Monday Tuesday and Friday a little bit of we do the live analysis. It's forward looking live analysis will look at the current market and give insight to where we think price is going to move. This is by design. We have an educational course and then we go through that course content in the live market so that you can apply what you've learned. That course is on YouTube it is free. You'll see it under our YouTube what is it called other hold on just a minute I'll go right there under bonus materials and you'll see book map educational course is the third one from the left and four parts to it and then we go through all of that in here. Plus we have live trading with J trader stocks trader on Wednesday and Scott will senior futures trader and learn how they apply their reading and understanding of order flow. So we offer a complete package here. We also have Tom be that comes in the afternoon and he'll be doing live analysis as well forward looking live analysis. So this is the education that we have it's all free it's all included with book map. So anyway we need to go through the risk disclosures and jump right into the market. 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 let's jump in nice beautiful move to the upside here 930 cash open we can see that very kind of narrow range here pre-market at least back until 6am is what I have data for here. We're looking at the SNPE many and if you guys want to look at something else let me know we can we can look at stocks stocks cryptocurrencies and futures products here. Most people want to look at the SNPE many therefore we look at the SNPE many all right beautiful move to the upside here and I don't see any reason for it to stop but let's take a look here at the order flow and then we're going to give some insight to what's going on in here. All right so we had you can see here at 10 o'clock there is a drying up of liquidity here but was there an event at 10 I don't know we did we had the yeah the University of Michigan consumer sentiment report and you can see there was clearly that that's bullish so that's a move to the upside continuation here now this is after you know some news about I think Bullard came out Fed Speaker and talked about you know maybe curving some of the rate hikes so that recession is not eminent and we can see how the market has taken that and the moves here to the upside and we continue to look for this move to the upside until we see something different. Now the key here is to be able to read the context of the traders and the auction to understand if this move is going to unfold. Right now for example I don't see it unfolding to the upside at the moment now we do have on the bid here this is good to see see this liquidity here high liquidity in these areas here oops let me add another column in here very high liquidity here we have six hundred and sixty seven contracts here at thirty eight seventy five they're kind of pulling and adding here but this is good there they want to bid up at a higher level that's the condition of the auction okay but up here what we're looking for big green dots we want to see buyers here pulling that market higher the moment we're not getting that actually right at this moment we're starting to see a little bit right here so maybe we'll get our continuation now but this slow down here makes sense hey where are the buyers no in fact we see red dots here sellers where do they trade they trade down to liquidity here in the heat map on the bid okay so this is support down here not really support is actually demand alright so now we're starting to see those buyers come in great looking for eighty five eighty eight ninety maybe up to ninety five right so now we're going to get our continuation move so it we didn't quite know that by looking at this here because great to see that the buyers here and we have some some good fundamentals behind it we also have more demand underneath here in the order book but we didn't have the aggressors here right and we didn't really quite see them come in here yet either we see a lot of selling in here this is when it started to change right here okay we started to see that and then we see them come in again now we're looking for the move right and so here's our move and we're still looking for it to continue okay we got up to eighty eight eighty five and eighty eight I want to see ninety let's see if we can get more buyers in here the bid is it's kind of bluish underneath here what which means that there there's some orders here but it's not like in the heat map here like orange or yellow it's not really high liquidity at the higher level here on the bid right but we do see some in here that there is some interest but you know that allows sellers to trade back down to some of these areas like where it broke out from here at eighty three all right so anyway let's just see if we get more of a bid here and then we want to see the reaction to that bid okay so let's see if we get a bit that they bid up here right now okay looking for it and then looking for these green dots here okay so it's that combination we're looking for see how they came in on the offer here that's not what we're looking for and see how we found sellers this is not what we're looking for now we're looking for a retracement probably back down to about eighty three or so eighty three and a half somewhere around there okay these are this is context in understanding this context here in the order flow right we we looked for the same thing in here when we started the webinar we didn't quite find the buyers looking for here in fact we saw we see more sellers in here in these areas here and then we saw this a retracement back up here and then the follow through we knew the bid looked good that was already kind of in the game and right now where's the bid okay well they're starting to show a little more here at eighty two we almost got down to our eighty three level about eighty three and a half whoa there we go there's a move all right that's going to be a beautiful that's not really much of a stop run that's rather interesting um definitely a iceberg here a huge one okay 1255 right here this is a this is a wicked move here we'll go over this in just a second here but this is an order flow phenomena that we've seen a few times I actually don't think it's going to follow through for these icebergs in here to be honest so actually looking to see if we get our aggressive buyers in here right now and get back up above 85 and then get our move to 88 through 90 or 91 here all right this is an interesting move here the very very quick move followed by icebergs underneath by a larger player who just threw in their their hidden orders underneath here so they got filled they got everything they wanted here and that's a pretty big iceberg 1255 okay so we have an order book sweep out of the blue here and then we have this iceberg getting filled down here right so this is a nice way to move the market by a larger player okay to sweep that order book and then fill underneath here right now the problem is though is is it sustained okay if we get buyers back up above this area here and you can see they they're even putting orders in here these larger players are even putting orders in here on the offer trying to keep price from going higher they are protecting or supporting there I don't want to use the word support but they're backing up their their trade here okay they're showing more supply up here after this move right below it here in fact okay it does that keep buyers away right look at again here even more icebergs in here pretty big okay 438 have already filled and they're still in the order book here okay they're still they're still active so this is an interesting order flow phenomena to watch this here trying to get price to go lower okay trying to get it probably down into these levels here we have 839 down here at 76 now okay so let's see how successful they are this iceberg here it just executed for 458 right there they even followed it down you can see they moved it and then they got filled here all right well anyway this this this larger player disrupt that whole move here so let's see if we get sellers they're kind of giving hint for the sellers to hit down into this liquidity here I wanted to see this guy get his his nose bloodied I wanted to see buyers come in up here around 84 83 and a half and then trade through it and then on up but you can see they've really successfully kind of manipulated the market here in my opinion so yeah it's it's cluing in traders to trade down to this liquidity here so let's see if we get sellers to do that we'll be looking for that all right I went through that all rather quickly let me kind of take a step back and take a look here at any questions you guys have okay discord we look good there okay at 7 a.m okay well 10 a.m this this time here at 850 3855 yeah sure sure that's the news so yeah and you know we know this event it's a scheduled economic event and it's not that big of a an event but you know a consumer sentiment I guess is more impacted we definitely see a reaction by traders that's for sure all right do icebergs show on thinkorswim no they do not you need rhythmic data for that oh boy this is getting really interesting we did we didn't even get down to these you know they wanted to get filled down here it's cluing in those sellers and look at the squeeze here now this is interesting all right well let's see if they're going to continue to defend their their trade here you know was it was it profit taking was it or a position here trying to get more on down here into this liquidity this these kinds of questions we don't know the answer to we just know what happened we know that there's a big iceberg in here we know there was a quick sweep of the order book with a massive sell here and nothing but selling I would love to be able to look at the accounts on this we don't have that kind of information or transparency no one does except for the broker but you can see the or the exchange you can see the sweep of the order book it's nothing but selling there's not one bit of buying in here right this is one kind of singular atomic event uh and for you guys out there especially on discord uh why do I mention that this is a singular event what what gives you kind of a a clue uh into this being a singular atomic event we're going to go through questions like this I think maybe a little more often because it gets down into the nitty gritty and and the fundamentals of of order flow okay we need to understand these things this is to understand these markets like answering these questions is is you know rather key we know there's a stop stop run here but it's only for 43 only 43 contracts look at all these contracts that traded in here hundreds right several several hundred uh here uh traded out of all of these in here 43 were stops okay and look where the stops got filled to at the very very bottom here uh this is uh quite typical boy I can't zoom any more than that all right well we're at nanosecond resolution here uh but uh and why aren't my stops showing hold on a minute I should show the line I guess it's all from this this uh transaction down here in these 43 all right so uh anyway the um that's not many stops uh out of several hundred here now it could be a liquidation event that's possible uh but uh to me it looks like someone just hit the cell button and then this is really really wicked down here okay hit the cell button and then boom come down here with an iceberg okay no one no one wants to tackle why why is this an atomic event here uh in the order flow all right well let's let's put it this way what what happened first here no buyers right so sellers j yeah exactly not one single buyer yeah or hey that's correct uh so you know someone hit the bid hard here uh and um we see nothing but trades now these 43 that our stops are at the very very bottom here we don't know where those stops are the stops could have been in any of these areas here from from here on down it could have been a stop in there um so let me let me we'll start with that question okay so and understand this concept here of of why you get slipped uh how how does um uh this unfold here uh this event uh with with stops okay so if you place your stop here let's go through the kind of um series of events in here uh and believe me this is not you know a waste of time whatsoever this is this provides a quite a nice foundation for you guys to really understand these markets uh which can be then extrapolated to all time frames okay to understand these kinds of moves in here all right because uh it it's it's really important uh and this kind of education you're not going to get anywhere else uh i don't see anyone else covering it okay getting down into these resolutions in here but this is what makes the market move and in this case what made it move not just ticks uh five points five points okay in fact we can even look and we can use one of these um uh features in book map in here from the uh current order book we can we can look at this feature in here we go to configure and we can do aggregation of the book okay and we can go to here uh and uh if they sweep the order book five points from here on down to well let's say i guess it has to be down here that would be about 1316 uh contracts that have to be filled okay because we're looking at the aggregation of the order book here okay is that understood like uh that what the aggregation here is showing like 42 plus another 30 and then you know 42 plus uh the the 78 here i mean it starts off here with 11 uh the next one is 42 okay uh and then you just keep on adding the liquidity on top of another one on top of another uh and uh uh you'll get that's why you just see more and more and more liquidity here it's an aggregated book view here uh so if you if someone comes in a larger player sweeps that order book hits the market sell button okay and they move it down to here to 3880 how many contracts do they have to trade to get down to here come on somebody can uh 136 uh 1316 no i'm so bad i really appreciate you um and uh putting putting that out but that's not the case close you're close alec 1187 not quite no okay you're confused okay 1245 is down at this one tick above right so they have to at least trade 1246 to get down to here okay this is not it shouldn't be confusing it should be very very clear it's really it just makes complete sense right you have to take all of this liquidity and you have to at least go one more to get down to here yeah no i i know you don't use this column i don't think many people use this aggregate view here but it i'm just making the point here of what unfolded here and you know we can we can even like you know go back here and add up our column uh if we look at our cvp column here and you take a screenshot of this and add all of these up it'll probably come up to you know somewhere between 1245 uh and um you know uh 13 uh 15 or 16 right something like that i mean at least from that point at least this point onward right i mean this is you know this is what we have here in the order book right this might have changed you know within the sec milliseconds or whatever okay this is really it's it's not complex stuff it's not it not a trick question or anything it's just like this is just the facts right uh and we're getting into some of the details on the facts here okay so and i know i'm we're all here for the live analysis uh forward looking analysis and where the market's going but this is a really good event here so i wanted to take some time and and go over it uh and it's a wicked event here because like as soon as that event happened now and we know it's only one event so the the second or the first question i had how do we know it's only one event anyone want to take a shot at that oh you're welcome brie hi good morning david okay so anyway the second question was about the stops how did they get filled in here well they get they got stuffed completely stuffed it might your stop might have been up here or you know might have been 43 guys with one contract or it might have been like you know one player with like uh and it's probably one player with like 43 or something like that we can't really see the details down here um and uh they they could have been here one tick above or they could have been way up here right and they're stopped and how'd you like to be slipped five points you know uh and what the the chain of events that unfolds here uh is very simple someone came in with a market sell order or a liquidation or whatever it might be um it was a market sell order though it transacted and along the way stop was hit somewhere and then finally that stop is transacted so there's actually an order or chain of events in here within the the aggressor side and the um the first element here was that fill these orders here by you know market to sell and then the second uh part in in the queue here is any stops that are triggered in here they get filled at the next price and that price happens to be down here at 80 and that's where they're getting filled all right so uh that's the next event that took place and then uh and that's all within one event here and we know this is one event because look at how best bid and offer update after that's the answering the first question here like all of these trades in here took place then best bid and offer updated okay there's two different data streams in here uh and the priority goes to the transactions okay and best bid and offer updated later uh and then uh just a um a quick question according to rhythmic according to rhythmic what updated first well I didn't I didn't mean to go this direction today with you guys but it is good stuff uh and it is a review we've gone over this before what which updated first uh offer or bid you got a 50-50 shot offer I'm so bad that's correct yeah yeah well it's it's really simple though look look at it this updated first then the bid updated okay and look at this gap in between here look at the spread there's an algo in here that chased down really really quickly and filled that in uh but only filled it into here now they're not willing to take it any lower at that point right so this algo in here uh was uh willing to chase you know down a couple points uh and this is now here this is like a vacuum okay is that understood like how this is a vacuum in here because now let's just take a look at this here if the transaction took place down here right so then current price would be here at actually 80 and a quarter in this scenario in here if you hit market buy where would you get filled yep 83 and a quarter alloc exactly exactly so it's because of the spread right and that's what the aggressor um pays up right now the spread in these markets these days is is incredible uh to have like one tick almost the majority of the time especially in the s&p the NASDAQ you'll see it widen out every now and then a little bit more but you'll see the s&p widen out too uh but uh not not by much but an event like this it's a huge gap now it's filled in really quickly though you can see like uh less than a blink of an eye it's filled in uh you know someone chases it down here uh and then basically if we look at this blink of an eye would be I'll hold on a minute 200 we're looking at 200 milliseconds so blink of an eye is basically between here and here okay so in that area here would be about a blink of an eye I mean this is this is how accurate actually it shows the accuracy of book map uh and all of these events updating um extremely quickly here it's amazing these markets are amazing and it's amazing that the the software can track all of this uh and then look what happened here though right what unfolded after this atomic event uh and then Bespin offer kind of fill in uh you know correctly they they update uh and then as soon as they do though as soon as they update look at this this iceberg order here uh is thrown into the market okay at the best offer right this is this is putting a cap it's sealing the move from here to here uh and now this is resistance and buyers a lot of times you'll get buyers like after moves like this they'll fill they want to fill in this void here uh and uh guys let me just take a quick straw poll here um in fact I'll put this into into uh YouTube here do you want me to continue on with this do you guys find this interesting I mean I think this is kind of rare education uh to get or do you want to look at the you know current market live analysis and and go through that uh you know let let me know here um here I can put a poll in here hold on a minute live please okay all right just put it out there all right there you guys go so uh yeah just just give me some feedback on this because like like I said once we go through this the live analysis this will add a lot of value to the live analysis it really will uh because you'll understand these events and what unfolded here and this is stuff that we don't you know if you're looking at you know uh your candlesticks or whatever you don't know any of this of really what unfolded here you know nothing about it uh that there was this iceberg down here uh and they started getting filled on the offer here and they sealed this cap there's also high liquidity in here uh you know at at this area here um in fact let's uh get rid of this uh aggregate view here there we go so 132 contracts boom thrown right down here as well as a huge iceberg right which got filled completely so after like 1300 uh you know got filled here another 1255 got filled here plus uh 14 well 1400 plus another couple hundred in here right so you know we're looking at uh 1435 got filled in here as well that's that's a lot of uh trading a lot of orders uh getting filled here and to move this market down and then get filled anyone that tried to trade this gap back ran right smack into an iceberg on the other side okay so this was uh you know premeditated uh a move it looks like to me uh and uh they uh uh they got what they wanted uh there's no question about that right they were able to move price and they did get their their iceberg filled down here all right so and then they got we we noticed another one in here right immediately after getting filled here on the offer and they even chased see how they moved it here from here down to here and then they got fully filled here uh executed for 458 contracts all right and at that point we're like okay well there this is what larger players can with this kind of action in here and then follow up support uh or follow up you know defending their plan kind of clues traders to to trade back down into high liquidity in some of these areas in here i'm really curious that it didn't get there uh in fact that you know i was hoping to see if we get buyers immediately after this back up above these guys where they dropped it here uh and get the squeeze on uh back up into our original idea that we were looking for before this event unfolded okay we were looking for uh some of these higher areas of liquidity to get filled okay it finally did get up into uh 90 did it get to 90 no never traded 90 hey we never traded there uh another iceberg in front of it here uh and some front running here liquidity in this area here as well uh and then uh now we're seeing the sell off back down all right so anyway this whole move to the upside got disrupted here uh it was this chain of events in here now we did get you know some uh the move back up and we did make a higher high here uh but uh there's a lot of selling now uh coming in uh and you can you can see it uh starting to come in all right so let's take a look at our uh let's end the poll i guess all right and let's see what the uh what were the events okay so event all right all right nice nice to hear um so 61 percent wanted to to see that event compared to 38 okay um all right so yeah we're back to this idea well i mean you know this is this is we see the selling coming in now i'm gonna i pose the question here i i know a lot of you guys know and in discord here but uh where do we see sellers take control uh in this market okay on in this view here yeah 88 ish alex that's right yeah learning the mechanics i mean not i mean i'm fascinated by it but we want to understand like how this affects the market and the order flow i mean it dramatically changed the order flow okay in in this area here uh and in fact like it started to slow everything down uh a bit now it may resume uh if we get enough buyers but uh this is where we see the sellers take control and what we're looking for uh to determine who's taking control uh is we're looking for lots of uh aggressor activity in here we look for the order book to um you know supply or demand in here uh they didn't really follow underneath here but we just see the sellers come in uh some buying back and forth in this little area in here kind of chopping around a little bit uh and then sellers follow through uh to the downside okay here's another very very quick move here again looks like another atomic event very similar and there is an iceberg on the other side here so you'll see these kinds of things unfold again and again uh here and there's a smaller iceberg in here but not not nearly uh as big as uh what we saw earlier okay same activity though likely the same player all right so what you can see the stop run here here here we have our stop run we can see it much clearer okay there was 149 stops in here okay they could have been in anywhere from this again is another atomic event because there's nothing but selling in here and then best bid and offer update uh and then you can see stops were actually started to transact here uh and then ended one tick lower all right but they could have been in any of these areas in here all right so um let's zoom out a bit more let's take a look at some of this live analysis okay yeah I'm still looking looking for seller here we got the order book here let's see what the the reaction here is I'm looking for sellers to try to drop it into 77 seven or 76 level it never got filled right so I'm looking for them to trade into 76 here 795 contracts down here and curiously enough look at this Scott would love this one trader our large lot tracker see that little vertical white line right there one trader has like you know probably over 700 contracts at this price level 76 it to me it looks like it is in their interest it's in their game plan here and it probably started over here to try to get priced down into this area here and get filled okay and they're going to get what they want right now all right watch you'll even see high liquidity probably over here on the on the bid to skew that offer and then to get price to come back down in here look for it you know that's what that's what happens in here right this guy wants to get filled okay and let's see if we get the skew in here starting to fill we have it you can see a little bit in here but it's not not really what I was looking for okay great this guy got what he wanted there's another iceberg here on the bid now on the other side interesting okay got what he wanted all right is there still self pressure in here let's take a look we're looking actually see if maybe that was enough here to fill this area here and now maybe the target is up here at 80 and another iceberg look at them get filled on the bid now here they've kind of flipped at least someone is interested in getting filled at 75 here all right so now you know we're still seeing we want to see if there's still self pressure and try to go lower here 73 73 and a half but look at the icebergs okay and we're looking for another scenario though the opposite we're looking for now buyers right where we are right now them to pull liquidity here looking for our buyers and then shooting back up into these areas here just to begin with okay 80 is our our final target well on the smaller move 80 would be our target okay top of the range okay so this would be an order flow shift okay look at the bid looks good we just need a few buyers in here and we'll they'll lift the offer up into this liquidity here okay after this event took place see look at the skew and the offer right there and there's our move guys okay this is why I think it was worthy you know you you guys tell me but I think it was worthy to go over that whole chain of events to understand getting filled down here at 76 and then looking for an event change in here or an order flow change in here to trade up into 80 okay and it's due to these players and their activity okay now we didn't know that was going to happen but it was a scenario and a likely scenario due to these events that took place you know it's kind of like reading the footprints in the sand it's like well someone was walking in the sand that's step and no pun intended that that's step one now where are they going you know how big are the footprints how deep are they etc getting into some of the details here right and and we we read those events in here and this is something that you know I don't think you can do with with other other software um not not trying to plug book map at all I just just you know this is unique transparency to be able to see this okay and we not only see it we understand it we understand why that took place why it came up here yeah you're welcome why let no someone wants to get filled down there um uh Bert at at 76 uh so uh and it was a larger player no doubt and and they they got it right uh I thought they were going to get it here to be honest uh someone really tried to squeeze them though uh force them out of their position I don't I don't know whatever like all we know is that buyers started to come in uh and um I it looked like a kind of a slam dunk to trade down here to 76 and they went they went through a lot of effort to do that okay two icebergs and and a lot of contracts in here okay and then 176 is filled we're we're looking for that move back up to 80 we're still finding selling pressure in here okay we'd be looking for buyers up here maybe a flip of the order book from this 80 here to flip from offer to bid underneath buyers and then we'd be looking for the move back up uh into some of these areas up here okay all we did was get up to 80 and we've come right back down to 76 or even 75 now okay there's still more selling pressure in here and still icebergs in here on the bid buying at 75 so now and and look at the selling in here okay another another kind of condition here uh and this relates to what we're looking at when sellers take control in an area we've talked about this many times uh in the in the order flow where does that set we look for like strong selling and price movement together okay that it's consistent and it's moving price away from an area we're not really getting that down here the selling is here here and here and we're already above it right that's why we would be looking for this a move back up okay high volume node high liquidity 82 looks like a great target to begin with okay also this top of the range here is also another great target okay so this is something that we see again and again uh and something you can lean on you need to do your studies it's not a trade recommendation but it's something to take a look at worthy very worthy of a study in here is look where the selling took place uh and if they can be upended okay these sellers in here where they started to drive price lower they are already put to the put to the test in here and we we think it's due to the you know this liquidity getting filled down here still more selling pressure we come back again still more selling pressure still more liquidity though at 75 and still more icebergs they're still here at 75 with 213 contracts in fact there's two icebergs events in here and the last one that the slash two means two events the parentheses of two means the last transaction was of two contracts okay anyway my point is that understanding the sellers down here trying to you know move move the market and and be in control well they're kind of out of control if price can get back above them right so uh look for this look for it again and again because now you can now it sets up very nicely for the squeeze and we're back to looking at maybe 90 91 okay so let's see if the buyers come in right now we'd be looking for it 82 85 85 and three quarters uh liquidity to get filled right now okay there were 83 already let's see the move i'm looking for the squeeze i want to see some stops triggered along the way on the way up these are the weak hands here they're not in control they're out of control right buyers are just squeezing them okay we made it up to 84 and a half okay pulling back right now but still looking for the the move to continue here until we see something else in the order flow okay we got a little bit of structure here to take a look at as well okay don't like seeing that okay this up back up here here's our double top and no buyers up here that's not what we're looking for sellers can can now break the structure and trade into 81 or 80 uh in here let's watch this though if if we get our buyers back up above 83 and a half though it it's again another squeeze okay same concept here okay look where the transactions are taking place the majority of them okay if we can get back up above that the squeeze is on okay they're they're still in control right see how they're still in control here okay let's see if they get out of control here yeah looking for it would love to see it and then this will be a beautiful feeling to fill into 85 85 and three quarters 86 and a half and it didn't no buyers up here okay kind of kind of tough reads at the moment um we did break that uh we do see the selling in here it's not the cluster selling is here though it's not down here here we go all right so we're now we're above these sellers here great let's see the let's see if the buyers can now reach back up to 84 and we'll see if we can get a flip of the order book here these guys pull it 84 and maybe flip onto the bid okay it's a possible scenario um we don't see the unfolding right now but we're looking for you know that possible scenario here and we're back to the cluster here let's see if we're not getting much out of the order book right now it'd be great to see like you know higher demand in here around 80 in the order book it's just dark kind of dark in here right now um no why that's a good question about was that 76 position a short covering existing position we don't we don't really know um uh we what we do know uh is that it transacted uh and and that's a that means a lot uh and uh but we want to see the context after that transaction right and in this case we had kind of a since we covered that kind of micro event uh in detail and then some other events um that were kind of along the same lines there uh we we had some um you know potential insight to what what was going on there and then we're looking for that move from 76 up to 80 so yeah we don't quite know uh and we don't want to um hope or make up stories we just know that it was filled uh and uh it was a larger player okay i'm still looking to see if we get our buyers here i this is looking better now they're starting to come in but uh i i want to see them pull here i want to see them add on the bid and i want to see these buyers come in and shoot right back up into this this liquidity up here okay here's here's some buyers now let's see the let's see the book here looking for it see if we don't get the books see see how the sellers can fill this in very quickly right that that's why the the order book um uh in that reading that in that context gives us so much more because we just avoided staying away from uh uh this here this is looking better see them bidding up okay i like it let's see if we get 82 82 and a half here no i mean the the offers they're adding they're adding more on the offer at a lower level here we go here we go here's our event all right do we get buyers yep all right 82 and a half looking for our buyers here looking for them they're getting filled on the bid here this is turning into a battle basically so they're providing that liquidity here but the sellers took them on and we're still above it though great all right let's look let's get our buyers here looking for the move 84 85 and let's see if we get to 86 one more rotation still getting filled here on the bid still getting filled geez sellers are being rather rather relentless yep it's looking less likely now all right all right maybe maybe it's still on here let's let's take a look okay now now we're looking for buyers though up here around before we're looking to for them at this 82 and a half when we started to get them uh so i was looking for that move okay it didn't unfold uh it's back down to the bottom range and making lower lows in here slightly lower lows okay and lower highs here all right let's see now we're looking though for another rotation bid aggressors pulling on on the offer here we go great we got enough momentum let's see the move here 84 85 86 86 and a half there's 84 still on the bid see the bid here so still looking for 85 there's 85 now still looking for 86 and a half as well new high up here or above the swing high here looking for 86 getting a pull back at the moment and pull back to the top of the structure okay looks good 86 and a half let's see it guys they pulled at 86 and a half actually so you can float up higher they're on the bid here at 84 and a half and we found some buyers here okay so let's see the continuation 88 it's kind of struggling here right so we're finding some selling selling interest in here they may they may take those guys on at 84 and a half yeah there's some selling in here so we might have a little back and forth in here okay 84 and a half did transact okay now let's see if we can get back above it though guys another thing here let's look at the opposite scenario here because it might unfold here and let's take a look at this this idea here down here we covered this idea where the selling took place right okay and then how this is not the kind of selling we're looking for in here that's in control all right they're down at the very bottom that buyers can take control above them and they they do and and we got this the move higher okay so let's go through the opposite though and and where would you guys think that that scenario unfolds here okay where the buyer is in control and where might they be out of control yeah why that that's that's good I mean like yeah all we know is like the transactions but the transactions and and we know the liquidity all the liquidity is all documented in here but it's the context of those of the transactions and the liquidity within the structure that gives us the insight it's just really these three elements here I like I love it 82-ish yeah I mean this is this is kind of where this is where they took control down here and this is a strong this is the kind of strong move we look for they are in control okay even the pullback here but even before we marked this up before the pullback took place right we're looking for a pullback off the top of the structure here or maybe right when it took place but we're looking to see if the structure holds it did it made a higher high and now we've been bouncing off of that structure here a few times 82 and three quarters okay but it's these guys this is boy this is not a very good example because this is pretty strong buying a pullback and pretty strong and consistent buying in here as well but it's this little cluster up here that kind of has me intrigued and if we get sellers below it they'll squeeze these guys and they did and we that's why we came you know we came back down into this area here this is the same concept as this over here right it's just on the on the buy side buy volume here now the caveat or the distinction though here is that there's these these sellers are or these buyers are in control here so this is I'm still looking for buy side basically and the move higher okay strong consistent buying and now we even have the potential squeeze see how we're already above the selling in here great this is what sets up the squeeze look at the selling in here right we're looking for the squeeze up to here okay we're set up for it now we don't know uh we got to go through our scenarios okay it's possible too and we just have to you know this one is it gets a little trickier um the sellers are down here we got buyers above them and we got the squeeze the squeeze is on it's it's possible here looking for our buyers looking for the order books of support underneath for them to lift the offer uh and pull on the offer here and we'll get into the high liquidity up here around 90 and 91 that's what we'll be looking for and it's starting to unfold here see see how they're starting to show up a little bit on the bid it's kind of bluish okay so looking for the squeeze that would be scenario number one is looking for that squeeze uh up into this high liquidity opposite scenario though would be like uh we got some sellers down here if we had exhaustion here and we didn't but if we had exhaustion here on the buy side and we got more sellers back down here on a retest down to here it's these buyers here that can get squeezed and then we'd be looking for the move back down to the bottom of the range and then maybe even break the range does that make sense it's the opposite scenario here does that make sense alex just understand where maybe we'll just go over this again and again and again um uh mat v um yeah i i don't know what you're if you're getting some bad reactions in here um yeah i don't i don't know i haven't been following uh tom's um videos but uh and in terms of studying the microstructure um it'd be nice to yeah i mean mat that's what we're in here for is going through the the real-time action that's that's exactly when we've been doing it for years you know since like 2015 or 16 16 i guess no 15 yeah you can you can study um well mat i i agree you can study microstructure here's our move guys this was our primary scenario here right so there there's there was nothing to say on this was just a grind higher uh up into our 90 91 area at least 90 right now um but uh i i don't know i don't know if you could get that mat um you know from what what we're going over in here the all all of those events in here if you did i mean i didn't see your answer uh therefore i covered it in more detail yeah hey if i start seeing answers to all these questions in here great you know we won't cover it we'll cover other stuff there's no need at that point right but we do this every now and then like uh kind of take a step back and start going through uh um yeah you know i'm not and i'm not trying to tell you when to pressure press the button at all absolutely not this is not a trade room a trade recommendation it's just understanding the it's an order flow room that is uh uh along with our education now thanks matt i i appreciate it um no i but but the the um the issue in here i think uh what we want to get across if we don't do forward-looking education like this uh then um uh you know it it's like hindsight analysis well anyone could do that right but we have an educational course and then we go through it in the live market and look for these moves to unfold due to the order flow in our education right so i think that's a pretty compelling argument like to you know hammer the the points home uh and and i don't think like i don't see at least others covering this kind of detail in in education um so uh that that's why i went over it uh i know that uh uh you can now uh you know over the weekend you can study or you know after hours etc uh and and look at these things but i don't know if if you knew about those things if you did just just you know um type it type it in um and uh uh you know we'll uh we'll move on right these are the advanced webinars yeah well anyway so um in in in some of these cases this move up to 90 that was rather painless right and we were covering other stuff in here uh while this unfolded so there was nothing to do uh anyway so that worked out well uh so let's see here yeah thanks matt no i mean uh look what we're trying to provide the best education we can in here uh for you guys uh and um uh you know the one thing that we do get and and this is i i need to go i do need to cover this uh is a lot of a lot of traders will say you know well that that was great bruce um well there's a couple things is one is like well how do you manage your trade then well we can we can go over trade management no problem we do uh we we have many many times in the past uh and uh how you can consider that uh the um uh the other one uh is uh we get oh this is only for scalping and that that's um kind of bothersome because no it's just we want to go through as many events as we can i i know that's repetitive you guys been hearing it for years but we want to go through as many events as we can uh and hammer home the ideas it's it's just it's just like playing as many rounds of poker as we can that's what we want to do uh and uh otherwise you know i think someone said uh i don't know last week it was like uh well you know this is only for scalping and and low time frames and it's like no our higher time frame we're bullish and we're just looking forward to continue done webinars over you know so the higher time frame there's just nothing to do uh you you'd be in it and you'd be holding it until you see something different um and and now uh you know here uh what was our higher time frame outlook and analysis well we're we're still bullish uh and um uh we we read the move back down here we saw this whole chain of events and that threw off the the the whole kind of uh you know order flow um live analysis and then uh uh into this direction but then we took this knowledge here and then applied it to the forward looking analysis uh and this move up uh into these areas here right and covered this uh uh uh under understanding these the volume down in the these areas here as well okay so and look for that look for that again and again right so like look look where the the binds taking place up here and see how they're they're going to be kind of caught and squeezed here by sellers sellers can now reach back down to the bottom of the range here i'm looking for them to move it down to 82 and a half right bottom of this little range in here okay which happens to also be a volume node okay so this is this is a return back to uh a mean okay 82 and a half okay concept here uh is understanding the condition of the or the context of the volume here it's not bad i mean it's kind of consistent in here it there's a cluster up here though there's another cluster up here okay and then here here the seller is trying to drive it away and then you can see the the battle already unfolding they're right back to it okay now let's take a look though right is there more buying or more selling in here okay and this little this little area in here so let's take a look at cumulative volume delta and then let's also zoom in and put precisely into our range here from right here right here oh it's because i'm in drawing tools that's why okay let's try that again there we go all right so now do we have more buying or selling in here let's take the stops and icebergs off quickly now there's more selling in here right so here's our pullback even though it came back to back to where the sellers took control in here clearly there's more selling than there is buying so this is this is essentially a low volume pullback so we're looking to see if sellers still can remain in control here okay now we can go back this has been a pullback here now albeit a strong one okay but we're going to go through a couple scenarios here primary scenario on this very small time frame is in here is that we're going to retest back down here to 84 and then our high volume note at 82 and a half maybe even get down to this liquidity here at 80 okay that's what we're looking for primary scenario here on this small time frame okay we're already down at the bottom of the range here okay there's plenty of time to get involved in there too okay and now we're looking for the push in the continuation now because we've already had our pullback we've already retested back up here okay order book showing a little bit of interest and we're finding a few buyers okay it's not much though all right so now look at the buying just taking place up here right same concepts okay this is just on a much smaller scale up here the buying the cluster up here or here see the sellers below it see how they're they're squeezing them back down to here okay and then now we're looking for follow through okay back down to 82 82 and or 82 and a half level 82 looks good I'll go with that yeah no worries Matt I'll keep keep the question as long as this objective in here it's great no worries now we're in here to you know apply what we've learned and have a really solid trading plan okay and order flow can can offer you an edge on all of the trading plans okay back down to the range all right so this move has unfolded this is what we were looking for and we went over a kind of a another concept in here about the low volume pullback I don't know if techie girl is in here she was big on that and the McLoco was also big on the low volume pullback it's a great one I love it you know who's in control the pullback on low volume into clusters areas and then continuation okay so here's our continuation below even below the high volume node and it's just going toward liquidity here right back to this 80 liquidity down here yeah where's McLoco as well where's Alan geez yeah you guys on YouTube a lot of nice things over here on the discord community if you want to take a look you know look up book map on the discord uh join in on the discussions wow even more selling pressure guys even into and through high volume node and uh and high liquidity in here there's a lot of selling okay so they're trying to reach back down to 76 and 75 it looks like flip of the order book here now this is a kind of a not a very aggressive flip in fact it's not really a flip so never mind on that because they got filled here the flip is kind of a nefarious thing um where a lot of love to see it at the same price level they pull here add here on the offer and sellers cut right through it and then cap it on the other side with high high liquidity so anyone that's in here is definitely caught all right let me get to some questions in here guys if you like these videos in here um please please give me a like uh in uh in youtube that's a it's a real help for us you know this this this is what allows us to to to do this uh is is we get feedback and and one of the ways is is likes okay and and comments too uh you know it that that really helps us all right let me get to some of these questions in here um all right because there's a lot of questions in youtube i love it though this is great kind of interesting session um since we kind of uh diverted uh and then uh kind of brought it back in so hold on a minute here uh jp you want me to take a look at bitcoin yeah why that that's it's funny you mentioned that like the like the the platform is almost like a a a cheat um we we've had professional traders when we came out with bookmap years ago like professional traders go like kind of this almost seems illegal um you know they they were they'd never had any any kind of insight like this you know uh to to what was going on uh and uh and they just wish they had it like years ago many years ago uh instead of like looking at just the dom and that was new technology even that in the 90s basically uh so you can see the evolution here in transparency which is good it's all good for us as retail traders uh thanks peter uh for the nice comments there uh yellow rectangle i'm not sure what you're talking about tony i know it was a while ago um but i've been drawing on the on the chart quite a bit here going over some of these concepts anyway one of one of the main takeaways is um uh understanding the volume and who's in control in here uh you know all all of the kind of icebergs and and the stops and and you know putting that picture together uh was very helpful uh but something that's probably going to be more helpful is understanding the who's in control and the structure uh and where might they'd not be in control any longer okay because look look at the cluster of selling in here and then another one down here but see how they're they're feeling the squeeze now this this here though um is interesting because uh uh you know the the selling started to take place up here lost its consistency here but it continued here so basically it's a pullback to here uh and then this is the volume that has the potential now to be squeezed okay the buyers the breakout of the of the structure and now they're not in fact they're going to try to take control here let's see if they can so let's what are we looking for here and up in this area here or even down here at the bottom of the range okay we're looking for buyers up here we're not look we don't have them here we're looking for them to pull liquidity on the offer the opposite is happening okay and we're looking for more on the bid so we don't really have much right now in fact if we can get back down here and see the selling we can we can drop back down lower bottom of the range here and then maybe even follow through okay but the the scenario is um uh first it was looking at this buying here to be upended but they might be they might try to take control let's see thanks peter uh best education in the industry free and paid yeah um well we'll get more you know more and more involved uh and uh into um you know more into kind of um some clarity i think with with setups and etc yeah coop i i order flow as a beast oh oh you mean like uh okay that um uh to try to decipher um the um i don't know i mean i i think it offers a really nice edge and in that kind of clarity uh that uh you know whatever if you're looking at your candlesticks or whatever it is and then you see the order flow support that candlestick pattern great great go with it then you know um uh so what or if it's a you know a pattern that you're looking at okay we've been covering patterns basically uh and uh you know head and shoulders or whatever uh might be um the and it starts it starts with the basic market mechanics uh and understanding what makes price move see see how these these these buyers here can be on the hook now the buying happened here selling's below it now okay squeeze them let's let's hit back down here do they have enough selling pressure to reach down here here's a retest already we're also up on the european close so we're going to get some volatility in here yeah thanks joseph no one ever goes this kind of stuff goes over this kind of stuff yeah um they will i mean in the in the future um you know it it just it's how the markets work and uh you know i just it just seems almost ludicrous to look at like oh well here's my indicator in a candlestick pattern like that is meaningless uh in my book i mean maybe you have your studies that that puts meaning on it if you can if you have the numbers behind it that's something else okay but if you if you can see the orders within that it's you're probably going to refine that edge a lot better i mean just tons better i mean you would be able to decipher like do i want to take this one or not uh due to the order flow so anyway that would really hone your edge basically yeah ps psc um uh yeah we're here daily uh monday tuesday and friday we do this analysis uh then um wednesdays and thursdays we have live trading okay and then every day we have tom b uh who will start in about uh five minutes okay and and we'll this this video will um redirect right over to it thanks paul yeah i'm much appreciated guys much appreciated the the likes if you'd give us a like there that uh is much appreciated uh brian yeah i saw your question here about iceberg indicator no one else uh it cannot be used on stocks and dx feed uh it's only rhythmic data that has the the mbo data and it's only for futures so it's required to have that uh thank you csm jazz yeah guys well that you know quarter uh second quarter is ending here a third quarter uh you know begins uh in july uh we want to do more uh in here and uh you know offer you guys more yeah yeah tom's a beast he'll go for four four and a half hours a day wow thank you zeb okay i'm still trying to get through all the questions in here uh you watch the cvp um yeah j from you i would i would suggest that you if you really like your cvp column and your volume profile trader there's a lot of things to look at here actually let's duplicate this column and uh uh show it a few different times here okay so guys play around with it i mean we had we're so feature rich uh here in in book map and we're you know adding new new um uh indicators and add-ons or insights all the time uh so let's just take a look at these three cvp columns here here we'll just keep this one regular over here the one in the middle here uh i'm going to configure and i'm going to split it out okay so you can look at the split volume two try to understand who might be in control in fact you can even um reset these uh you know if you have double click reset on double click okay reset it and then look who's see who is in control now right trying to find out like uh you know it was a it was a bad time to reset it but uh um yeah well buyers coming in buyers coming in do we get more up here see it kind of exhaust out a little bit up there so let's see if we get us some sellers and maybe a pullback uh back down to here right now this is this getting to the minutia um but uh i you know scalpers look at this all the time um the uh and then the cvp column here another way to look at it as well and look at see the volume note up here great looking for buyers and a push right we have look at the tilt here in the um or the skew in the uh this is a weak top here it can be blown okay there's more buyers up here at the top and it's so we're looking for a move here so that's that's another tool to use the with the reset uh and splitting out and one more in here which i like a lot i think it's a really good one uh is delta okay and here we have buy plus sell for the composite here we have it split out buyers and sellers and here we have buy minus sell okay so it shows you kind of control here so here where there was some selling in this in this area in here and then look at the buy in that came right in okay now here's a retest to those buyers where they took control basically all right so you might want to play around with that delta column uh showing you these areas of buyers and sellers in here i think you you'll get a lot out of that um yeah uh uh zowly uh uh we just came out with the uh execution pro software uh go to youtube and and you'll see it in there uh and you know adding algos to that um is another uh direction how we'd like to go uh thanks matt like uh these videos have changed uh your outlook on trading completely just make it make an objective uh and uh make sure you have an edge study it's through study uh and um uh know when you have an an edge and then you just take it as many times as you can because you know you have an edge why wouldn't you thanks rick coupe let's see guys if you want like uh i mean uh you know what really helps us to really helps us uh uh go go to bookmap.com uh and um uh scroll down to the bottom here i'll show you and uh you can scroll down to the bottom down here uh and then uh click on trust pilot and then give it give us a review in here you know you you can be about the education it can be about the product uh and uh you know uh or it can be a beef uh whatever it is uh but that you know um uh really really helps us uh to get uh and some some good feedback from you guys it's almost caught up uh thanks joseph all right you got both uh book map after crypto excellent learning crypto from a friend years of trading awesome uh guys you crypto guys oh and i know there was a request to look at uh bitcoin but uh you know here's an edge in crypto i mean like this liquidations indicator is is it's a part of global and global plus it's amazing uh it's just like stops in icebergs but uh basically showing where the exchange is is taking uh control of someone's account because of the the margin uh uh is not met and they exit uh they force a person's position here closed and it's it's kind of sad to see but like boy i mean this is a level of transparency that's rather amazing uh in my book you know to see here we can dim this uh and we can in this type of candlesticks off yeah so you might want to look into that uh for you stops in icebergs guys this is a bit finance futures works on buy bit um bit finnex and ftx as well but this one's a leverage product it's the futures uh so you'll see more uh in here okay uh i don't know if that helps you then uh j j from you um but uh something to consider with some of those other columns in there um uh julio the the the indicators in here this is one of the things that we we cover in in that we'll go through the indicators uh in book map no no problem uh but one of the things that we want to cover uh and and get the point across in here is that order flow rules first okay the the indicator in the insight that we got here with the um uh this larger player and understanding this activity that we saw early on in the webinar here uh had an effect on the market right but in the overall bigger picture let's just zoom out here and like this is just kind of one event in many now and you can kind of see though that uh well actually it has kind of put a a bit of a um a stop on the on the move higher here you know so it's a confluence though is my point okay indicators are to be used as a confluence uh they can be um rather destructive to your uh your account uh if you're just trading off of indicators okay it's really order flow in context of the order flow here along with your trading style and then indicators here to to give you the um you know even more confirmation or more confluence okay another one is that i i really like is uh um correlated markets i think uh what was it uh carmine uh talked about that in the webinar and that makes completely good sense to me yeah so julio that's that's the way to always use your indicators and i i've always um um kind of described indicators as well understand what they're doing uh that's really key understand like you don't have to understand the math so much but understand what is the concept behind it and and what they're doing because uh you know if you want to look at overbought and oversold from from stochastics okay great let's say it's over uh overbought here um uh you know and then you see some uh some heavy liquidity or i'm sorry some heavy selling down here and then you you see it retest back up here uh and you don't see much buying you know and obviously this has to you have to do your studies and you have to have that that study tell you okay well then my overbought signal is telling me like uh then i'm looking actually because of because of the order flow here i'm looking for a retest back down here to 80 you know something like that and and understand that the stochastics is just like you know yeah in that case i think some of the math would be good to know like cumulative volume delta people you know it's so attractive just go oh yeah just look for divergences boom i'm in yeah that's just you know i think very very dangerous um anyway use it as a confluence uh and look for the order flow first a lot of things that we've been covering and going over uh and then look for the um uh you know this will this will give you that nice nice confluence you know these indicators in here guys thank you very much for coming uh good session today good discussions uh back and forth uh really appreciate it guys thank you have a good weekend and stay tuned for tom b he'll be next uh this webinar should redirect you right right to it okay yeah thanks for coming everybody uh and uh i will um yeah thank you everybody over in discord as well thanks guys uh and uh yeah give us a review uh if you like uh on um i'll put that link in here for you no i can't put the link in there you just go to the website and at the bottom there uh click on the trust pilot okay yeah thanks guys have a great weekend look for tom b and we'll catch up on monday take care