 Good morning traders. Welcome to the book map all markets webinar. This is Bruce at book map I'll be your host welcome to the and we do this webinar every Monday Tuesday and Friday at 10 a.m And I'm the book map lead educator here I've been a trader for over 15 years now and I'm the order flow specialist here at book map And have expertise in order flow and market micro structure You can reach me at our discord channel Bruce at book map number 3993 and then Twitter my Twitter handle at flow order Let's go through them some disclosures and we'll jump right in 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 The risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right. Good morning Hector over in our discord channel Let's see everything should be up and running good. All right, so let's move on Let's jump into these markets and take a look I'm just reading about Apple being that kind of all-time highs, I guess or the article was talking about it Going Up to its highs here And and we know that this is a market mover. Anyway, we'll come back and revisit this here We typically start off with the S&P e-mini And we can see the cash open here the move to the upside move to the downside move right back up It's all over the place. It is very sensitive right now. Now. We just had data. All right, that's the move up here We can see that 945 also some news there. It looks like and then the 10 o'clock the service is PMI and you can see that that was knee-jerk reaction was was pretty bullish here to it So Let's put that into the in the bigger picture here. What's going on on the order flow? This was a very kind of odd read in here at the cash open See all the markets going up here, but we see tons of selling right? And yeah, okay a little bit more buying up in here But into high liquidity all the way through up to the 4300. We were actually looking for this to trade on Friday it didn't it just did now and And yet again want one more time here And we're back back into the day range here at least for the cash session Now the important thing to go through here I think on this time frame is to understand the bigger picture, right? So let's take a step back here and we'll look at a daily chart here Or I'm sorry. These are weekly bars here On the left-hand side okay the hours in the middle and then the 15 minute on the right We're looking at some pretty strong momentum on the weekly Okay, and a breakout of a pretty big range here as you guys can see So this is above 4200 And we closed on the week. This is very bullish for a close above these areas now It is trading into this zone in here from back in August of 2022 That was the high and you can see the sell-off occurred after that Now what's interesting about that up here is that what we want to see this kind of reaction here Is is it going to be a just kind of a retest or sellers going to remain it on the longer term or buyers Going to come in on the longer term and we talked about it potentially getting you know up into these other Higher levels up in here. Maybe up to 4,500 4,600 If the bulls start come charging in There's kind of a lot of space in here for price to kind of Cut through that area So we really want to pay attention to what's going on now on the higher time frame All right, let's look at the daily chart here and You can see that Even today now, this is a little bit different behavior and what we're looking at We have this strong day on Friday and then we have Which I thought was kind of kind of challenging Trading into high liquidity, you know the whole day through And yet we continue to see buyers and we just didn't see something really quite You know crystal clear For the the move higher during the time of our our webinar But anyway, so what about today? What's going on? Well, we you can see we we We're still green for the day However, we're up in that these areas that we were looking at earlier and We're starting to see some selling as well Okay, so look on that on the hourly here or the 15 minute and you can see these big wicks up here Right. So every time we come up here, we see sellers every time we come up. We see sellers so What I'm looking for in this daily chart scenario here is a move back into the range. Okay, so it broke out But it came back in All right, so now are we gonna see sellers come in and then move this maybe back down to? 42 78 42 30 or 85, you know something like that just some of these little small wicks in here right 76 I guess and Let's take a look at the 15 minute chart. Well, this one's kind of tough to read was up. It's down. It's back up We have data in here, but we're back down again right so I want to watch this area right here right where we are currently and Let's jump into what we see in bookmap. All right, so let's start to identify buyers and sellers And look at some of the delta and the pressures here in the market Okay, so on this move up. Look at there's a lot of selling Okay, high liquidity up here It trades and mark the market does not go through that area and we do see sellers come back in again Right, so we see a lot of selling coming in here now After the data we see nice move to the upside Okay, but this is what we want to we want to watch right where we just bounced right here Because that's you can see where the the buying really came in just after the data At 10 and we're looking for a scenario If we can get sellers now to trade back down to 89 88 85 Okay, so that's the scenario we're looking for now. Let's just zoom in here and take a quick look All right, so sellers actually are in control on this smaller time frame So yeah, I'm looking for the sellers to break it here and trade down to 90 and 88 here Okay, so See do we have a little push in the order book? Yeah, you can see it kind of blue Over here. So they're on the offer right. We're getting our aggressors So we're still looking for the move lower here Into 90 and 88 and then maybe 85 Okay Just a quick kind of read here. Now again, this is not a trade recommendation. What we're going through is a process here And we want to understand What is higher high more highly probable? To unfold so there's our move into 90 Okay, and yeah, we might get a bounce back up to where we just dropped from here at 92 and a half But uh, you know, we're still seeing more sellers here. So let's see if we can get back down to 88 here Here's our pullback so far Good morning stand Good morning, Rob. Uh Hector already said hello and uh Kenjurado Okay, do you think these are deliberate stop hunts this morning? Uh, it's hard to it's hard to see I don't I we can look at the stop runs. Um, it's hard to say like, uh, you know This is data here and and a lot of people getting stopped out for sure Uh on on this move up. Uh, also this little move up here, too Some stops stops on the way down now here. So it's kind of all over the place But we you know, we have a lot of data here, right? So uh at 945. Um, what was that that was the um It was something uh, and it was Uh Final services PMI right, but you know, that's not as important as the ISM services PMI Right, which was a bad number actually negative number. Uh, but the market shot to the upside here, but now it's back down all right, so Interesting moves here. Um, so we got our move into 90, but then we're looking for a pullback just to 92 and a half Price went up a little bit higher here However, it did not break the swing here Okay, so sellers still kind of in control uh in this time frame here Uh, and uh, but a lot of buying coming in Yeah, I'm still looking for the move down into 88 here We can go over trade management, uh on something like this again not trade recommendations, but it's important Uh to understand like if you're looking for this how to To potentially manage it depending on your time frame and your and your trading plan That you need to develop Uh, and what's comfortable for you? Okay, so for example Uh, let's go through how I would have handled it. I would have gotten in here Uh, I would have traded it down to 90. That was my first target I would have taken some off or even before 90, uh, just just in front of it Uh, and then I would um likely uh to put my stop at break even Uh break even plus and I would have been stopped out on the second leg Right now that's a little more aggressive and I'm trading on lower time frames If you're trading on a higher time frame, uh, and let's suppose you got into the same area here Uh, then uh, maybe you're still in it. Maybe your stop is up here and you haven't even taken some off yet Uh, or maybe it's even up higher here depends on your risk your risk profile Okay, uh, and but what we're going through is the same scenario here That we're going to get sellers down below here and trade back into the range Right and test these lower areas. Uh, you can see our profile trade, um, or um Volume profile how that can match up into um, um Support this trade idea as well Okay, so to test these lower areas in here on the profile Right and maybe build them out All right, so a few different things to look at uh and consider. All right, let me see here. Good morning, Tony aloha Uh, and uh, let's see any questions over in discord What's my opinion in general about stops? I mean, yeah, you can um Can can gelato. I mean like uh, we we start to anticipate stops and stop runs stop hunts Now data is something different though, right Uh, and and really I I would even suggest let's just go through a quick exercise here Uh, we can um, uh go here to the um Stops and icebergs on chart Okay And let's take a look Icebergs stops Okay, we'll we'll see all the stops here Interesting very interesting. Okay, so Uh, let's zoom in a bit further. I'm a little surprised to see the stop run I'm sorry now as we zoom in we see it we see it better now Okay, so the uh, there's a stop run here Okay, and then the biggest one is actually here up into this liquidity here Okay, 220 Uh in this little area and and you as you can see as I you know scroll in it kind of breaks down more and more So here's here's a little stop run here here. Let's take the best bid and offer Off the chart for a moment, and then you can see the the actual stop run with the red line Okay, so here's a two tick stop run 50 or 51. Uh, here's 13. Here's um 10 and here's 46 Okay, 1943 etc. So it's grinding some people out here on the way up All right, see how I zoom back out though, and I get what what bookmap does is there's so many That we need to kind of aggregate it together automatically for you so you can kind of see the overall idea here Okay, so Now what I just did, um, kenjorado or you know ways to start to use this tool is to start to understand Where are they taking place and why? Okay, so let's look at the why here. Well, it makes pretty good sense. There's a swing here Hey, there's liquidity here and A lot of stops are probably getting stopped out here at this at the swing. Okay, we also have 4300 the figure here right, so Maybe sellers are like, okay. I'm a seller below and then, uh, you know Maybe they're they they set their stop loss Just in front of it here 4300 and they're getting stopped out just in front Okay, so start to anticipate where these might be start to understand utilize this tool to your advantage Hey, so then you can start to Look and really understand the details in these markets. Where are people placing their stops? Understand that behavior And start to understand where you might Um, uh, anticipate that stop run where you might place your own stop as well Uh, do market makers intentionally do it? Yes, I think they do, um, but I'm not it. I'm not really into this conspiracy Uh theory of like, you know, though, they're just it's always hunting for my stop. Uh, Uh, you know, I think it's a big part of the market because think about it Uh that once you're in a position, what is your position? Let's let's suppose you're long What's your position? You you would say long. No, actually you're you're gonna you're looking to exit So you're you're short in this in essence Uh, you're looking to get short Where are you be? Where will you be compelled? Uh to sell and that's where you feel the pressure and the pain All right, and those areas are hunted by the market now. Maybe maybe some are market makers But they don't it doesn't have to be once it starts to hit those areas Uh, you know people are compelled to sell they got it wrong Uh, and they don't want to lose money. So we're talking about smaller players here larger players Uh, their behavior will likely be different. They will likely Maybe depending on their time frame. They may be adding into their position at that point And averaging their cost It depends Right. I know that larger players do that So, um, I would just say like you can pretty much give a blanket. Um statement here that the the market Facilitates trades And a lot of those trades that are very Eager or compelled to trade are those that are feeling the pain Okay, so start to look for that behavior in the chart Uh, and you've got this. I mean it's a magnificent tool here The stops and icebergs and the the beauty of it Is is it's so objective. It's not like an indicator. It's not some sort of mathematical derivative It's pure data. These are executed icebergs up here. There was nine for 155 Here is one in the market here or just just executed for three Okay, uh, and that's that's a iceberg so you can see stops on on both sides here the market At the moment here Okay, now we can also look at and let's just go through our scenarios that we were looking at earlier Okay, so we were looking for the move back down into 88 and then 85 Okay, so uh, and I would have been in out One out the other here, uh, and then and it did what I wanted Hey, that's okay. Uh, I was not looking for this strength to come in and I didn't want to take the risk Good morning, Stephen. Uh, so, uh, yeah, that's uh One way to take a look at it here. Another way is like we just covered like maybe your time frame is a little higher You're looking for a trend continuation and and the same scenario though, but you're just a higher time frame and then you're looking for something like You know, I don't know. Maybe it's uh, it's lining up like this right, uh, and maybe you'd be looking for Some sort of channel here, uh, and then maybe 85 is your your target Okay, maybe you're just still in it Uh, if it comes back up here, maybe your stops at break even but, uh, You know, maybe it's still up here and you're just not worried about it All right, so lots of different kind of scenarios to go through I think I answered your correct question in in some detail there kenjorado, but uh, I wouldn't fear them. It's a part of the market Embrace it understand it and look for it and Yeah for your for your own trading Uh, one thing that I always try to recommend Uh, or remind myself is that You know, it's uh The trade management is Crucial Uh, and it's very personal Uh, but this it's in this kind of um Your money management and trade management get really good at that if there's any skill to get good at Okay, you need two things basically. I I believe in in trading Uh, number one is you need to know that you have an edge just some sort of edge And that comes from studying your trading and building a trading plan and um through your study, you know that like You know, um, you have some sort of uh statistical edge That's part one part two. Uh is how to manage it and how not to lose money Okay, that's more important than than making money making money is is Essentially that is the easier part just let it run Not losing money though Is really the key if you can get good at that because no one likes to lose You get stubborn you hold on to it. Uh instead let it take you out. Look for the next trade One of the best I've seen that does this is j trader on wednesdays our our stock trader Uh, and you know, he just doesn't let it worry him. He knows his setup so well He he lets them play out if they don't play out. He cuts the trade. He looks for the next one. That's it All right stops and icebergs and all these other things in here are confluences They're not signals This gives deeper insight to what's actually happening in the price action here Okay, we can see the the limit orders here on the bid on the offer You can see the transactions. We have a price structure that tells us what the behavior or traders think of the auction here Uh, and uh, and that's really that that rules the The confluence here with stops and icebergs are very particular traders and a part of the market not all of the market A part of the market So the the larger players, uh using iceberg orders. Well, they don't want to show their liquidity in the order book They have larger positions That's why they use an iceberg order stops, uh, our smaller players, uh typically They might be a stop to enter but typically there's You know, we see the cascading stop runs and those are smaller players getting stopped out, uh, and Very very different way of trading Because uh, they don't have typically we don't have deeper pockets as a retail trader So, uh, if we don't have access to that we cannot average in So the best thing to do is accept the loss take it quickly And wait for the next setup that you know is high problem higher probability and that's it Now see see what we're looking at here. We were looking for this move to continue now look at Uh, the delta in here in the price structure Okay, we've been talking about delta a lot lately and i'm going to continue to talk about it. Um, we have the, um Sellers coming into this 88 level that did transact We went lower And then let's look at all the back and forth in here in this range Well, a lot of buying a lot of buying look where the buying is taking place up here A lot of buying in here at some selling here a lot of buying here. Where is it taking place up here? Okay, so all right. So what does that mean like uh, well, you know, if you're still in this position Do you do you still believe in it? Maybe you're starting to see a lot of buyers now you you would Unless you see buyers probably above this 91 and a half Okay, not just a quick flip above it, but a move back and a move back down Uh, but uh, you know really, you know big green dots in here a really bullish book Uh, you know, we we already have a higher low in here And uh, we see some selling in here, but not a whole lot A lot of selling in here Okay, so, uh, you know, maybe this turns into like a double bottom pattern here Well, that's the risk that you take in your management here Okay, so how do you want to manage that? All right, do you want to hold on to this? You want to put your stop up here? Do you want to take something that was a winner and turn it into a loser potentially? Or a break even That's where it gets tricky, uh And emotional and that'll be up to you Uh, you'll need to find what works for me for me You know, I'm on a on a a much smaller time frame. I don't really have the time to uh work on These these higher time frames at the moment Uh, so the um, and also I'd like to demo these again and again so you guys can see as many instances as possible Uh, and then that will allow you uh to um Digest this uh and learn this material uh at a much um higher pace Uh chris, you're a little overwhelmed by the settings and the stops and icebergs you can go to the um The knowledge base, uh, and there are also some videos, uh on it. I can show you where Uh, where to go in the learning center the book map learning center here on Yeah, so go to book map.com Click on the more button here go to learning center Uh, and then um Order flow uh phenomena add-ons add-ons is where you want to go Okay, for a lot of videos here on Uh, you'll you'll see some and stops and icebergs part one and two in here Maybe that'll be helpful asking questions in here and during this Webinar is a great way as well Uh, and then the knowledge base link is up here. Click on this Uh, and you can go directly to the knowledge base here Okay, and then you'll need to go into the add-on section of the knowledge base here And you'll see stops and icebergs over on the left margin All right, that should that should help you there you go. Thank you rob rob's got a knowledge base a couple of links there for you Great if you haven't checked out this um Learning center, uh, I recommend it. Um, we're putting this together here for you lots of connections videos videos here uh, and um Very very clean simple videos Are getting started course lots of videos on how to use the various elements in book map in the different tools Uh, and then uh market mechanics course is a course we've had for a while But if you're new in here, it is really important to understand things like this They like really what moves the market market mechanics in here Which we're talking about in here right now just on a bit higher time frame okay So in in this these mechanics in here like I want to Look at a very low time frame in here and then talk about a higher time frame So we're like right now. Look at this the mechanics. All right, so I don't see buyers here I see them here if I get sellers here. Look at the order book. They can Bring it right back down to 88 pretty quickly, right? So i'm looking for sellers here. I'm looking for them to hit the bid into 88 They maybe they'll come down to 86 because more liquidity is down here Okay, see our exhaustion right here. We can cover this in detail here Move up into high liquidity arizona and up in here Where are the buyers? Where are the buyers? Where are the buyers sellers? Okay, where's the order book? They're on the offer here. It's not a whole lot. It's really it's not high probability But it's the same thing that we're looking for on all time frames Hey, and then we do see some sellers in here. Okay, maybe they can drop it down to where these buyers initiated Maybe they can drop it down further Hey, what's unfolded here? All right, just came down to here That was it now it's coming back up to retest. Let's see if we get more buyers What's the order book tell us in here? It's kind of a battle right now Hey, the order book is on bid and offer and we're getting buyers and sellers in here. So Well, let's see if we get some follow through here, but I don't see anything happening right now Now look at that 195 Hey, it means that they want to sell here Okay, now they want to sell a little bit lower here What does the market do? How does the market react to that? Well, we're finding some sellers Okay, all right. So they they were able to push this down here It was this player here followed by the reaction of the aggressors That made that market it just disrupted everything right here Hey, high liquidity High liquidity at a lower level high liquidity at a lower level sellers Okay, now our move is following through but up here. We didn't really know it was kind of there's buyers There's sellers. There's they're on the offer. They're on the bid Hey, no clarity A little bit more clarity. Oh, okay, but do the buyers take them on? Well, there's a little bit of trading into it, but there's more sellers. Okay So sellers want to move it back down into these lower levels. It looks like Okay, and so we have come down and traded to Uh, where these guys came in and is initially uh and move this market higher Okay, there's some market mechanics for you right there Hey understanding that Hey that that course that I just showed you goes through all of this A in detail At the most binary level like one market buy here versus the Order book in here contracts on on the bid and on the offer When you start to understand this and what really what moves the market All of your volume profiles candlesticks, you know Fibs whatever it is that you look at will make a lot more sense A lot more sense And it'll take a randomness out of it here So, you know, we were looking for that move back down to here Uh, maybe down to 86 Hey, well we got down as far as uh this 87 and a quarter And uh, and then we found some buyers here Okay, again market mechanics sellers some back and forth now where the majority of the sellers take place. They're here Okay, and there's some in here too. Okay leg one move back leg two. Okay, uh, and then not now Here we can get buyers back up above this area and this cluster of selling here They will likely come up here and hit some stops Okay, so they did now very few stops but a nice stop run now Okay up into here Right, so just get good at this process in here We'll go through it again and again and again Understanding these market mechanics. Um It's the same process here understanding this As we started off this webinar in the higher time frame. It's the same process We're looking for maybe this move back up above Uh exhaustion sellers come in moving it back down into the range here And we're still waiting for some follow through in here the uh This has this hourly candle has gone red. Okay when we started it was green All right, uh, so but we're looking forward to come back down and and and trade into these uh these lower levels here Uh, and I guess it yeah, I just did uh, that is the um the move that we saw lower here Okay, this is the pullback right now Right here. Okay, so the question is on this 15 minute chart Let's just look at the day's action Oh, I don't know if that's gonna help us All right, let's look at the week here uh on on the um on this chart here. What we're looking for Uh is exhaustion up in this area here and some selling to come back down into that cluster And more selling to drive it lower. Okay down to this swing here Okay, it hasn't gone below that swing then the next swing would be down here 77 First swing would be around this 84 All right, so what are the market mechanics and and uh more uh Much lower time frame. It's not micro structure, but it's lower time frame. What is it telling us? Okay, so here's a bunch of selling up here some buying here Okay, some selling in here Right now. Do we get back up here now? We should see a stop run of these sellers here I would look for a stop run of these sellers back up here And we're starting that's starting to unfold here Okay, so this is kind of a little bit of a it's a small trap in here. We see buying activity Earlier just before this started to unfold I was looking for exhaustion and then sellers down here Okay, and if we get that then we can get this nice move down lower again Okay, so we might this this might be like our daily chart right now. Here's the move above Did not accept And they're on the offer here at 92 now the question is we don't do anything until we see Some selling back down here Okay, and then that this looks like like this is going to be the trapped buyers in here Okay, and then we want to get back down here and see that selling that will likely be Uh, well a combination of things in here, you know, we can see this Uh, there is some buying up here. Maybe that becomes a trap now. Let's look for our sellers. Look at the book looks good Hey still looking for our sellers at 91 and Nothing there they are. Okay. Let's see it sellers. You should be able to drop it back down in 89 or 88 They they can get the the long squeeze here No, no not yet I would be out. I would just I'd get out I'm not going to get squeezed. I'm looking for something specific and uh, let's see if we get it again here And that jump back in there. We go. Let's see if we can get it now. Now again, not a trade recommendation We're just going through these scenarios here Okay, and let's see them move down to 88 and or 89 and 88 here Now let's take a look at the delta here. We this is why we've been covering the delta so much last uh several sessions Look at the bars. These are delta bars And look at the dots. Okay the dots will give you exact location and also the size Uh, the bars kind of give you this nice, uh, kind of a graphic graphic here Horizontally and we're looking for sellers to take control of the market here Okay, and and you can see it starting to pick up here. It's not the greatest though Right, there's there's a lot of buying here now that buying might be the the trap The trap buyers here. Okay, but there's buyers in here We really want to see something that really kind of Looks very very clear that sellers are in control and they're going to move this market And then you can filter that in your trading activity here Okay, so that will lead to a higher Likely likely that will lead to a higher probability transaction All right, so uh, and is this doing it no not really right? It's kind of all over the place We know there's buyers. We know there's some sellers etc. So this is a great way to filter Even these these market, uh, you know mechanics in here. Sorry to understand now see see how we we could If we filter that out, you know, we don't get caught up in this here Right now now the buyers look like they're going to go right up to 95 Now let's zoom out Yeah, 95 looks good Okay, the delta is picking up on the buy side Thanks rob for your stock your settings there. Yeah, I typically use the default settings and I like the This one here On ice for exam stops the automatic threshold here So you click on that and you can see 67 it's going to filter out anything lower than 67 You can play with that filter here. It's a number of minutes and an interval here or multiplier Uh, and it just takes kind of an average of that All right, let me go back to youtube. I I have not gotten to Questions in here. Sorry about that yeah, uh Malak, uh, yeah your stop is it's liquid it's liquidity or you know that Uh, you know that there can be trades there, right? So that's how it can be fuel uh, but uh It's almost like a guaranteed trade Uh, you can look for that you look for that behavior people are compelled to they're forced to Exit their their position All right, and that is that is higher I mean if you look for you know, really where people are going to buy and sell you you know, they're going to buy and sell in those areas All right, that that's why um, uh, you you'll see uh, uh, you know these You know market makers will stop stop hunt an area I mean they know that they more more likely than not they can get filled in those areas Uh, you know or take or take their profit in those areas or or enter These areas right so And you can see the game playing, um just all over the place. We saw it in here No, we saw it earlier yet where The that player came in and skewed the order book in here and and we moved lower And we didn't know that was going to happen Was we were looking at back and forth and then that player came in and and skewed that order book and the reaction was sellers which uh Worked out nicely for him. I forget where it was Anyway, we can go back and look at the recording Why is my cvd like that it would I don't have my cvd up we can take a look at it though if you want Yeah, here's cvd now interesting very interesting cvd here dropping like a rock right But price isn't okay, so what's up with that now? Maybe it will maybe we'll get our momentum right here Right now, but if I see buyers come in here and If I see exhaustion and buyers starting to come in Boy, you can even hop on it and ride it up to the top of the range here take some off and then maybe Hold the rest for the top of the range or maybe even look for a pullback or add in again here And then take some off up at this this swing or these swings up here right now again, this is Due to all of this selling in here is going to feel the squeeze Right if we can get those buyers in here So there's a real time, you know Example No, just you have to be really on it here. See you see the selling here all in here. We didn't get sellers in here We're looking for our buyers just a few ticks to the top of this range, but You know the next next swing is up here And then we have liquidity up here at 93 and three quarters and 95 And let's see if they can pop up into those areas and let's see if we can get a big a big stop run So even though cvd is looking great. Here's our divergence right a nice one too Okay, so here's our divergence right here And then the and then down here. This is making lower lows. This is not Slightly higher CVD is really simple indicator Shadow in fact, I'm going to point you to some videos on the In the learning center here Okay, so go to the learning center It's bookmap.com, you know learning dash center or English and then en slash Slash en slash learning dot dash center Okay, and then click here on the learn getting started Subchart and widget panel And uh cumulative volume delta in here. Yeah, let's look at our delta again. Now. It's just all over the place Right some buying up here. There's some selling here. There's some buying here. There's some selling here Look looks pretty choppy to me. Okay. Well, maybe uh, we did see this little opportunity here Managed it very aggressively And again not a trade recommendation. It's just going through a scenario here and a potential Uh a way of looking at the market something to learn from here I just don't I really want to avoid people like taking trades. That's my My goal instead like sit back watch learn Take some ideas from it is in and then You know challenge me Basically, I said this to hectors like a month ago or so um Prove me wrong Or prove yourself right if you have a different way of looking at it Right, so look at the delta here. Right looks pretty good It looks really good. They buy buyers should be able to take this higher here Right, so we we we saw some of that up in here Right, we saw this charge back up into here. We're back up again on strong delta Hey, so yeah, I'm I'm looking for buyers to try to take this higher 95 97 98 And let's look at our bigger picture in 95 here's our 97 level up here by this swing. That's not bad And then we have 99 up up here Almost in 3, uh 4,300 All right bid looks good. Are we getting buyers though? Not really Now we are all right buyers Now the offer are they pulling? Yeah a little bit they still looking for 97 right the market is Rather telling us here By the participants here that we're likely to go higher up into 97 Because they're starting to pull some of that liquidity. We see that there's buyers here Uh, and then they're on the uh on the offer here, right simple market mechanics here And there's our move to 97 Okay, so we saw it down here around 90 or so uh, and I talked about these scenarios in here first first little stop would be just you could you can even trade it up to this area here And take some off. I know that's not much Uh, but just to go through the concept here So you can trade it up to the range and you can look for the extension of it due to the um in balances in here the uh the order flow and the order book As well as the uh transactions Right and we started to talk about Uh What was it that uh, yeah, just there weren't that those large transactions down here and we're talking about who's going to be compelled to to um um Be buyers up in those areas And those would be your stops Now we just had a big stop run here 160 Yeah, paul. Um, yeah, you can trade options. Um, for sure. Uh, in fact, um, I would We have a few different, uh Things to take a look at here On our youtube channel or in our discord channel Okay, there's options with dug here He's got a brilliant strategy. I think Uh, that uh, this is at 1 30 p.m. This afternoon east coast time Uh, and then uh, we have, um Options millionaire we have a host of different options Options traders. Um, charles does not But we can look at our streaming recordings here um Options millionaire right here. Okay. He's on every friday friday at one uh p.m And we might do a special event with him soon too. I know tyler wilson as well. Uh, trade some options Okay, uh j trader. I I know trade some options as well So you might want to tune in and ask them about some of their option strategies Yep, thanks. Thanks, Doug. Uh, thanks rob Rob put the schedule there, uh into uh into the discord channel all right Well that delta that we saw in here and look for that move higher, uh, look how it's being kind of, um Shadowed over here on the sell side, right? It's a lot So now now where are we and and look where they took it, you know, this is why just again and again I just love Love it. You know, we're not making this stuff up. Here's where it initiated These buyers really came in and broke out Hey, this is where the buyers are. This is where the sellers are. This is our new trading range now Who's going to take control? Above or below that range or are we just going to stay in this range in here Another thing I've been I really like to I know a lot of you guys use this tool Uh is looking at the um Um Columns in here That you can configure them to show delta Okay, so this is a composite of buyers and sellers Select the box here Now you're looking at buyers minus sellers And it will tell you the overall so it's either going to be red or it's going to be green And it's for you know, this whole viewable chart range Uh, you can do it for the svp which is session range volume profile as well It's up to you But uh, you're looking at these areas in here where buyers or sellers are in control Right, uh from these price levels here. So you can take you can go through a scenario in here. See how there's buying up here Okay, well if we can get up there and find buyers again, then likely we'll get to the next level Okay, but we're sellers are pretty happy in this little range in here, right or right right here Okay, and then kenji we can talk about this like What if these are all sellers in here? They're going to be compelled buyers up into 4,300 All right, so let's see what then we go through scenarios in here Right, what would the order flow look like? Well, we'd want to see a stacked book We want to see the buyers in here right there We want to see them pull on the offer in these areas here And then we'd look for this move up into 43 Okay, we're looking for our aggressors our green dots right now. Okay now look at the order book in here It's really not telling us much All right, so maybe another rotation back down to 95 before we get this Okay, but uh, what we see how we were reading it um at this point here We weren't looking for that other rotation You know, we just saw this really a lot of buying up in here And then the order book did did support it under here. They did pull at the time. We were looking at it in here Like yeah, I don't okay. There's some selling but then there are then they're not really pulling in here They're not really on the on the bid then that that changed in here and they pulled Here they added on the bid here. We're just looking for our aggressors And then we got them and we're looking for our 90 97 They had 97 and on onward Okay, which in fact, uh, yeah, it came back down and spiked below this This area where we would have been getting in But it's it's back up above That's another thing talking about trade management. So Let's suppose you took some off at 97 Okay, so you got like a you know a two-point gainer Uh and in the s and p here Uh, and then you can put your stop at break even well, you would have been stopped out at break even in here But remember so you only made two points on your first, uh, move here However, you can take that And if you move it back down below And just move it up one tick this would be your stop loss down here and it didn't come near it Right and on the overall on this position in here if you if it came down here and hit you Then you would have made just one tick on the overall here You made a little bit of money, but you guys stopped out on the second leg at break even so you didn't lose anything Right here, you're you wouldn't lose anything if he came down here Uh and hit you but you wouldn't have gained anything either it just um A couple different ways to consider management What i've been really curious about today has been um You know looking at the Daily and weekly here No, it It was it's a bullish move to be above this this previous candle But it it failed and it came back into the range, but it didn't follow through it just came back down and tested right here And now we're back up again So this is actually looking pretty good to come up to not only 4300 but You know o4, which is the swing high for today Uh, and then let's just take a look at the weekly here All right, so on the weekly this is good You know we're looking for are on the much higher time frame here like you know 43 27 uh, and then you know Maybe on up into some of these areas in here look at your average, uh True range in here and then you can start to map out where it might go and and Mark up some of these areas on your chart Right, and then the key though Is mark up these areas in your chart and then look at book map Are there sellers there? Are there buyers in other areas? Uh, are they already lined up? Uh to uh to deal Heck we can even look at a monthly. I don't think I had I can Have a monthly here though Look at this. Look at the monthly chart. See what i'm this is what i'm really curious about This is really bullish here. So, you know, uh 40 the swing up here of like On the monthly that's nothing And it can do that, you know 43 34 Uh, maybe you can get up higher here. Maybe we can get an extended candle here on this breakout And that's what we're talking about like, you know 45 4600 up in here A much much higher time frame, of course But the concept here is the same A breakout of a range Now is there a lot of buying pressure behind it? That's what we want to know And then that idea And that concept is the same for And we saw it here. This is clear these drawings Let's take the stops and icebergs off here The concept's the same Uh for this range A breakout Or i'm sorry was it it was this one here was this range Okay, and we're looking at this bottom of the range here. We're looking for sellers. We didn't get them That's when we were looking for you could trade it up to here and then take it further Um And uh, and then we saw again even more buyers up here, right? So there's buying pressure behind it So we're looking for the breakout A continuation here Okay, that is no different Than this So let's take a look at the volume on here. Okay now it is the Start of a new month here. So this is may And may have some volume on it, but uh, you know, uh, june June doesn't Yet really have any volume on it. So we don't know We don't know that's what we'll have to come down to the daily chart then. Okay, so what is that? There's june 2nd here There's june 1st. So not bad in terms of volume And it looks pretty pretty average though But we're really looking for you know this to step on it here and continue on up higher Okay, and that's what we want to see in here Same thing right that's why we look at the delta Make sense Okay small time frame same ideas Hey when we look at book map in here, we're going to get so much more information Uh, and and and we can easily and and simply put it together Hey, we look at the delta. We look at all of this buying pressure. We look at the order book. What's it? How is it behaving? And that gives us insight. It's the player's behavior in here that gives us some insight That's what we're reading Okay, same thing up in here too. Like, you know, look, you know, I we we saw that selling come in Uh, it was shadowed by that selling Okay, and then look at this buying up in here not not very much Right look at the the delta bars uh in in the in this uh sub chart here overlay Not much right not much So are we looking for it here? Not necessarily No, uh, we see selling come back in here's our retest here. Do we get a lot of buyers here? No, we don't we We have we have a bar here, but it's it's this area here. It's not up here Okay, so same same concept same same ideas now look at it Okay, it looks pretty good. All right. I'm looking for these buyers to try to take this higher Hey, we're the selling is down here See the relationship and the context the selling is down here Hey, the buying's up here too Right, but we're looking for again Another uh, maybe retest up here on our 97 levels and lots of buyers here We want to see them pull on the offer want to see them out on the bid And then we should get follow through up into these levels of liquidity Okay, it tested lower Didn't find enough now it's testing higher. Let's see if they find enough See how we can avoid this And then look for this one here instead After it's retested back down here Okay, quite a bit of selling so we're not we're just not following through But it's just it's just came up here retested came back down now in this area here before that selling came in It looks pretty good Right, so we're looking for it to follow through And now we see a lot of selling Okay, so now we might come right back up and see a lot of buying again that we found some support here at 96 And again, I'm looking for buyers in here Yeah, it looks good All right, so let's see if they can take it higher here No, but this is what we're looking at some selling here lack of selling buyers here continuation So what we had sellers come in on the other side though All right, so, you know in this in this instance here I got it wrong I exit I look for the next one Don't I don't hold this. I don't add to it Looking for that scenario to unfold it started to and then it failed Okay, move on to the next Again, not not a trade recommendation here And we're going with all these other timeframes in here going through the same concept Again and again here Yeah World king one top um A few few other questions in here. Let me see What I have shorted the retest to 42 98 debra no No, I'm looking for this too because I I like this here uh You know tested and it held down here buyers still in control and then You know, we're looking we're looking for it in here and we and we just look down here and there's just no volume All right, so that makes sense that sellers take it lower But then I'm starting to see the volume pick up in here. I'm looking for the breakout And debra. I'm glad you're in here because like um uh In this area in here. So we just covered it like, you know, like in my plan. I would have gotten it wrong I would have been out. It would have been a loss That's that Uh, I was looking for it to follow through though, uh like it followed through Here and here Right, so uh, and then I I know I'm I'm I was I was hoping you were in here because uh uh To address this on on your side, you say you're getting in at the worst areas worst possible areas Okay, so uh here again. Look at this, you know, look at that buying. I'm looking forward to continue on up I'm looking forward to to test these sellers here At 96 and trade through it and then really pick up above that So you can even trade it back up to 96. It's kind of like a pullback trade Uh, but there's it's not a pullback because look at the buying here. Look at this look at this All right compared to the selling here All right, so that's not a pullback We're looking for low volume on the pullback Okay, and then now we're looking for a stop run an extension up into 4,300 so um Anyway, debora. So to overcome This is hard And uh, the you know the psychology behind it. This is the scenario. This is the setup Uh, it didn't work out. Yeah, it stings right now. Let's see if we get it here Here's our this was a pullback now. This was a low volume pullback here Hey, look at all that buying look at the selling Okay, we're back up here and we see buyers. Yeah Not quite enough yet Uh rotating back down Now here's the risk in this trade. What if sellers really pick up down here? We don't know that we don't see it. We don't know that But you can you can if you start to see it you can you can play it, but right now i'm still buy side I would be buy side on this Again, we don't recommend trades here. I just I just Don't don't press the buttons. Just um Have these as concepts and ideas in here Then go back and study it. That's the way to go So this is still in play here. We did not get our sellers down here. They still may come in Right, but by that behavior right now it looks pretty good for buyers to test up into 98 And now the order book is the other side here that that really helps us too. Are they bidding here? And what's the reaction? They bid down here and they pull here and we see buyers come in. This looks great It looks it looks a lot better And we would look for that move extension and there we go. Now. Let's see it. We should really see them pick up here We should get a nice stop run too Yeah, so debba like one of the things to consider is like just look at the edges Uh go through these scenarios in here like we're doing again and again uh but um the um, you know these lower edges in here like uh, we talked about it like uh You know, you knew that there was buying pressure in here And just you know, just try it like in demo or in in in your studies in here Hey that you know, you could you could get in here There's a lot of risk though That all of a sudden sellers may come in and and you'll get stopped and and um slipped You know, maybe two three points down into the to you know, this area and here somewhere All right, however You don't know that this is going to happen once it does happen Right, you're sitting pretty Okay, but understand the edges Right, and that's why we're going over order flow and the transactions at the edges here Uh to give us this insight and then we didn't see the edge Or i'm sorry not the edge. Uh, we didn't see an advantage until here All right, and so that's at 95 now But look though, it did it really go against you? No, not a tick It came back down and tested 95 here didn't go against you all right, so Then understand these edges down here Okay, uh, and what I mean by edge is the bottom of the range or top of the range Or of the trend or whatever it is Uh, and then understand what the behavior of traders up at those Uh ranges Okay So here again, this makes pretty good sense here. This is looking great looking great looking great Lack of buyers here Pull back to here. It's still it's still in It's still bullish though It's some pretty good selling in here Hey, but it's still bullish here and then again buyers in here Okay, so now a little bit higher a little bit more buying and they should be able to break this range here And at least trade up to this range Top of this range Okay, we didn't get it exhaustion some selling But again looking for buyers up here 97 Now see see this guy coming in at 97 right and the reaction was some selling so far So, you know this this trade idea in here this this scenario here is not playing out Okay Let's look for an opposite scenario here. Well, maybe maybe it's going to be a break of this edge here Bottom of the range and then back down to here Okay, and then what are we looking for the book we're looking for pretty massive book Uh on the offer Pulling on the bid and we're looking for our our red dots here And a follow through down So our primary scenario was looking for this this one to just trade up to here Didn't get it Started to see the selling come in We didn't get so much on the book on the offer And we didn't get so much on the on the book on the bid either. They didn't really pull But we did get the aggressor come in And they moved it down So we didn't get all the pieces not not a high probability You know behavior here, um From the uh from the participants I think maybe one of the hardest things to embrace in here is just understanding risk That's why you have to You have to know if you have an an edge or not Because no matter what you do you got to take the risk It has to be totally accepted and digested Oh, let's add some, uh market pulse in here, uh to to get maybe More of an edge in here. So we'll look for correlations Okay, so we can look at our Let's add it here on Volume pressure on apple sure Nasdaq sure That's volume pressure in balance and then this is price change on nasdaq And volume pressure here as well Okay on the es So we're going to listen here. Uh, let's see if we can hear the market Hey, I hear something it is It is the nasdaq selling off though All right, so coming back up and testing these areas doesn't look so good right now Now hold on now. Here's apple look all of a sudden apple jumping Okay, now we know this is a bellwether stock It's the it's the Biggest stock in the s&p on the globe I'm not really getting much out of apple Buyers and sellers buyers and sellers. Uh, the book looks pretty good here. See see the book underneath here Now do we get our buyers coming in? And now we're looking at this little small range in here and that we do see some buyers All right, can we get enough buyers to come up to 97? looking for it Okay, now again, this is this is not I would not take this but it looks pretty good Okay, see you see how they're kind of underneath here very faintly, but they are underneath and we're getting buyers So they want to trade into these 97 My guys here these this liquidity here Okay, now can we're hearing the the s&p pickup. I need nasdaq Volume pressure as well Volume pressure and balance All right, let's add it Anyway, we're going through these examples, you know, this is pretty Pretty choppy in here. Uh buyers sellers buyers sellers What we're looking for, you know Where these scenarios line up so we can break the range And here we go back up again Book looks good. Look looks even better. See how they're pulling now this guy at 97 is not there They're on the bid Now i'm looking for volume here. I'm looking to hear it as well Especially in a nasdaq and maybe apple And I don't I don't hear it. All right, so what was looking for we're looking for this scenario and it just didn't unfold Okay, and you you could do this for like I said in any any price range Any time frame? Let's see if we come back up here again So yeah, I think debba that that was um my suggestion like um It sounds kind of funny though. I mean look for the you know, the these edges down here The you know the bottom edge or top edge or you know of the range uh and but the the Higher probability is up in here not down here That's why we're going through the scenarios and that's why maybe Maybe you're getting caught up in some of these areas in here uh You know, oh everyone wants to to buy down here and sell up here in course But where do we have A bit of an edge and we started to see that behavior and that's when we thought we had a bit of an edge Of these buyers coming in Okay, so and it it didn't really go against you Um if you still held it it it did And actually we're still in this range And now see the selling coming in now All right, so they're going to test the bottom of this range And again, I don't like it. I mean, yeah, it might break it here, but uh Uh, and we know that all that buying in here will be a stop run to the downside and a nice one because there's a lot of buying in here Uh, but I just don't see it in the order book again So i'm staying away Okay, apples are People are buying apple Here here's our double bottom. Okay, let's see if we get our buyers here 95 and three quarters Let's see what the book says as well. Again, I I don't think it's It's not looking very good. It's just looking rather choppy. Um There's liquidity up here. It's not pulling. They're not really Adding here in the order book on the bid, but I'm just looking for aggressors here and for them to drive it right up to 97 here Uh due to a correlation with apple Uh, and then this double bottom pattern in here. So i'm looking for those green dots in the move back up to Boy, maybe not even 97. Uh, maybe just up to like 96 and a half 96 and three quarters It's not much but the concept here is the same Okay, as like looking at this and then looking for it down here on a move back up into some of these higher areas I mean, you know, you can look at these areas in here Maybe this turns into like a bigger flag pattern or something like that Or maybe this turns into your reversal pattern up in here Very possible Yeah, yeah, in fact, it might might go with that one here. Let's see opposite scenario Do we get our sellers down here? Okay All right Then this this starts to look pretty good for a drop down into 93 and a half to 92 Right couldn't make higher highs We didn't we're looking for buyers here that double bottom looking for buyers here couldn't get them Zoomed out a little bit looking for our sellers to drop it at that point Now they're testing the bottom of this range at 93 and a half And i'm looking for them to looking for price To explore down to uh, maybe 92 here Welcome Debra to keep it simple Debra that you know, you know what you're doing and what you're studying. I think that's where I mean, uh It's easy to get lost Okay, it's a low volume pullback so far But uh, yeah, I don't like it This if I was in this here like, uh, I would probably exit it Because I don't like it like it's back in here and we can get buyers in you can feel the squeeze here So we're looking for this move and and then just cut the trade And we're looking for a follow through we had a low volume pullback here Uh, now we have high volume back up above where it broke down from And that's not what we're looking for So You know, this looked pretty good. We had some structure. We had all these different things we talked about Uh, and then we did get the move to the bottom of this range Got a low volume pullback and then we said we see more volume back up above it All right, so That would be a break-even trade for me Yeah, it is very troppy Okay, and it still might work out, right? You know Here it still made a lower high up here And there's even more selling here. All right So let's see if again sellers right here Where these buyers came in and moved it higher See it There's exhaustion Now do we get sellers and what is the order book telling us again the order book is not showing us much You can see that it hasn't in a lot of cases There was only a few cases where it did and those played out pretty pretty well Uh, so, you know, this is how the order book can really help you You know understand that behavior You know from the uh passive buyers and sellers in here All right guys. Well guys if you if you like this, please hit the like button Really helps us to continue with education in here to go over these things to to try to assist And help you look for filter for, you know Or at least learn and maybe it spurs some sort of concept or idea here For you that you can take further It's really Really key that you need to take it further Ask questions like you are Come back, you know ask again Come into our discord channel And we've got really supportive group in there as well and You know everyone's helping out each other Yeah, it's a great group. All right. Well, let's wrap it up. We'll call it a day. Thanks for coming everybody and Yeah, let's um See you tomorrow. We have a great lineup still for the rest of the day. Tom B is next followed by Doug in the afternoon and then the algo boys That's the algo boys is only in discord though. Okay, so you have to come there for that Thanks everybody and we'll catch up tomorrow. All right. Have a good day