 All right. Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map I'm your host and I'm going to go through some live Forward-looking analysis here on where we think price is going to move next. This is all based on our educational course that we have online next and Then these webinars are the proof Of how to read the order flow and apply it Then we also have live trading from J trader a stocks trader on Wednesday and scuffle senior futures trader on Thursday We also have quite a few new streamers and some other streamers in our discord if you want to come over to our discord channel We have quite a quite a list now rain in the morning Going over crypto currencies at 830 East Coast time then the advanced webinar here then we have the Tom be immediately after he'll go through volume profile and futures in the S&P E mini And then after that we have Doug Plus options with Doug. He'll be going over options stock options and also some of the futures stock indexes and how to how he's Trading options really Interesting work Doug is doing And I highly suggest that you go check it out I know many of you already aware of Tom be and I've checked that out But maybe don't know about Doug's really great work over there. All right, so excellent strategies the and then we have The algo boys they're on Basically all day and they're going over their algo levels that they see And mark that up in book map Heavy algorithmic activity. That's important. They're marking it up and then they're looking at the order flow around those areas Okay, so anyway, let's continue on. Let's go through the risk disclosure and jump into these live markets General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor Risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Okay, so let's jump in here And take a look at this S&P and what's going on and also get to some questions in here Let's see. Good morning tropical hydro JC and Rob had a suggestion or a note here Went back on Friday and watch part one of educational videos Yeah, no no Tom is looking at volume profile and This is not the direction we want to go that's only volume profile Rob So it has nothing to do with like understanding the micro structure and order flow here in these advanced webinars so I know that That is the education. That is what we're trying to go over and cover in So you understand how to apply that to Tom's levels. Okay, so Oh I'm sorry. I miss reading this here. Yeah, that's exactly what you're doing. Never mind So if you kind of read the order for better, I think you can apply better exactly that is exactly what we're trying to do in here so Yeah, so a mean reversion. Well, if you understand order flow on all of these different time frames Rob That is exactly it. Now you can you can play mean reversion plays. No problem whatsoever And here's one right in front of us And on a higher time frame. Let me let me mark it up here. Look at this here guys What what kind of pattern is this right here? strong move Pull back strong move Okay, what is that? All right, there's a flag pattern. That's our flag pattern right there. Okay, and Now look at this Look where the pause came in. Okay, it came in right in here. Yeah, bull flag exactly It came in right in here where it dropped from came back up retested that and then broke out from here, right? Look that look at this here Where did it come back and retest here at the open? Cash open just just minutes ago at 10 right So this here Here's your mean reversion right now back up into the mean Okay, so it tested where the bull flag had a pause and then came back up into this area here. Okay, so We're not making this kind of stuff up, right? It's this is market structure and it's order flow it within the market structure that makes all the difference here Okay, so that's it right so Here here we can we can take a look and if you now this is where Rob if you want to get into your mean reversion plays Now you have something to lean on due to market structure Okay, and the order flow within that now let's take a look at the details here in the order flow Okay, so the details here. Well right in here. Look at this high liquidity getting filled on the bid High liquidity on the bid on the bid on the bid in here as well does not come down to this 70 level here. I'm sorry. It comes just shy of it. Just shy of it does not hit it looks like And then it bounced Okay, we find the buyers come in where have they gone? mean reversion Okay, so and now we don't really cover mean reversion in here the reason being is it's just kind of a a Fancy name of of of saying like You know, it's going back to where it can trade It's it's rejecting down here And it's going back into where it can trade now. We know in the order flow These buyers are getting filled on the bid. Okay with their limit by orders and Then we can start to read the structure in here as well Okay, more sellers even in here. Okay, look at this Buyers come in Okay, they break the the smaller structure here. They break the trend. In fact, you can even look at it here Okay, and then there's a bigger trend here. All right So it came back up and tested that one, but it broke this little line right here And and then we see the sellers come right back in but guys look at this little area right in here Okay, and this is another bull flag Okay, so now look, I don't this is exactly what what Rob is is mentioning and and how to Start to read this in here. Don't worry about bull flags and whatever read the order flow Look at the sellers down here. Look where they're upended here Okay, there's gonna be a stop run here. There is you can see it right here And and it came back and traded to where? The mean the the most traded level. Okay, so it is where most transactions are taking place Which just this is what it means. Okay in auction market theory. It's very simple It rejected down here Okay, and it traded back into where it can trade where more traders are taking place Trades are taking place now how to read that though in the order flow. Well, we saw the move down We saw a bigger picture here. Okay, we had our levels here And we see the sell-off here and it traded into these levels here We know they're getting filled on the bid. We know that there's some buyers up in here. Okay, that broke this smaller structure We get enough buyers to come back in and then they break even this structure here now Where is it accepting? Okay. Now what we're looking at is market structure change Okay, and that's it So now we're looking forward to see if it's going to be supported here around 82 82 and a half Okay, so That is the the goal in here Start to understand that this move in here and this mean reversion or back into the center back into the auction Where it previously auctioned it could even be upended if we get enough buyers up here. Look at this Okay, so here if we get buyers up here Okay, I'm looking for the bid to support it Okay, I want to see these guys at 3790 to pull their liquidity now if they don't we're just looking at another kind of choppy Move back and forth. Well, let's see if we can break out Okay, let's see more support in here and we're looking for big green dots in here, right? To break and then trade up to maybe 95 now we covered this Actually in the week tops and week bottoms webinar last Friday Okay, so here here. It's trying to break out now I don't know about this like let's look at our we can look at the profile here, but we can also look at the The amount that's traded up here. It's not bad, right? There's buyers here buyers here again, and then now we're seeing more All right, so yeah, we would go with the move up into 95 now But the thing is is if we look at the profile here or the amount of trade and the profile doesn't really matter We can read it right here in bookmap. How much is trading at the top edge here? That's the question. Okay, and it was pretty it was not bad, right? So this is kind of you know anticipated However, we're also thinking well, you know, it may go higher But you know, I bet you we have another rotation maybe in here And if we do Where's the first spot? There's there's actually two spots as I come back down and retest Okay, and it and again, this could be another mean reversion Rob This is a little bit a little bit more challenging read because they are supporting it here at 87 Okay. Now. What is 87? It is the most traded level It is the POC The point of control volume point of control All right, so they're supporting it here now It doesn't mean that price can come you know can't come down into here and trade into it and even through it if we get enough sellers However, our read on an analysis in here is like, yeah, you know, we can understand this move higher And we understand they're supporting it here But you know, it's it's still kind of a tapered edge here I'm still looking for sellers to try to drive it right back down into 87 Okay, they're not right now. It's it's still breaking out and they're even supporting it higher here Okay, so it's getting a little momentum here and it's already degraded to 95. Now, you see I would have missed that one I would have let it go The volume looks pretty good in here. It's not bad, but that top edge in here is it wasn't bad. It wasn't bad So what what happened? This is what happened It bounced off of it traded through and then bounced off of the 90 level and now traded to 95 Okay, and looks like we got enough buyers in here to trade the 3,800 now. All right. So anyway, yeah, I Have my take on this I look for this all the time in here all the time and Look for the breakout and the continuation just like this right here We had some of the pieces for sure. They were supporting it underneath here there was buying up here before and But I didn't really like it too much. I was looking for one more push back down to 87 and then the breakout Okay, so yeah, I would have missed it now. I just wouldn't have taken the risk on it Okay, and if I you know this happened in real time here You wait for a little more and if you do get that in here That you could you can kind of miss it in here, but you can kind of jump in a little bit later Okay, now it's traded up 3,800 Right, and they are supporting here at 95, but again, I'm just staying away from it right now It we would look forward to trade back to 3,800 and maybe break out yet again All right, how however We've seen it so many times that these guys pull that liquid and it comes right back down to where it broke out from Which would be 92 and a half or even back down to 90. All right And you could Rob you could even look for your mean reversion again up here And then back down into maybe 87 All right a little more Not not as clear in the order flow right now. That's that's all Okay, these are the scenarios though And yeah, it looks like the sellers do want to go come down here We we need to see like 92 and a half and then they're starting to mount some selling pressure Okay, and then that would be your mean reversion trade Okay So let's let's go back here Good morning everybody it was a bull flag and a measured move absolutely. Oh boy. Good morning Yeah, yeah, that was that was great Rob music to my ears I was afraid that you're gonna you're gonna look at volume profile as your Kind of foundation and I would really dissuade you from that using anything as your Foundation except for understanding The microstructure and then extrapolating that to the higher time frame. Okay, so understanding like what makes price move in our our video Course let me show you guys where that is it's here on our YouTube channel if you come here And then you scroll down To hear bonus materials educational course I'll go go here click view full playlist here They are just watch part one for right now Okay, the whole Idea here is to understand These levels in here like just understand really basic market mechanics and you know a lot of traders like I've mentioned many times in the past This is pretty good education. I mean there's you won't find this in a lot of places But understanding really what makes these markets move is Just of paramount importance Once you understand that then you can apply it to your volume profile Then you can apply it to your bull flag. You understand what makes up the bull flag. It is the order flow That's what we that's the key here Right, so yeah, no great great stuff Rob really really appreciate it It's kind of outside liquidity help With reading this Yeah, I mean well basically Putting these pieces together the context right reading the order flow in here I'm putting that context and going through these scenarios right because look where we are Right. We talked about it. You know first what bounce was right right in here 92 and a half It bounced Next one is is 90 and then what what is there mean reversion? 87 and a half Hey already there, so there's one in the making now. Let's go through this actually because Rob. This is um This is a good good question here Right. We read it in here and go. Yeah, I don't know about this breakout. We're not so sure Okay, in fact, we're looking for maybe it to fail here come back down and then break out Well, this is what it did Okay, it did a beautiful Flag pattern here, okay, it broke out Small pullback and then broke out and it's even you know beautiful measured move in there everything Okay, however, we kind of let that one or at least I did to kind of let that go and then mention Well, maybe you can get in you know someplace in here if you see that that buying come in It's kind of kind of careful though on that one the But we weren't so convinced so When you start to look at the context of these things And it traded up to 38 a hundred and then immediately pulled back And we saw the move back down here the pullback and then you can look for again sellers in here to drop it Not only to 90, but then your mean reversion Okay, now why here? Well because this didn't look as strong as what we wanted So then we could look for if it's not as strong over here Then there might be more opportunities for sellers to do that mean reversion trade and follow through on it Back down into these areas. Okay. So again, this is these are like contextual details to understand But and it's more of a kind of a nuance to it So Let's see here. Yeah, let's see if they even go for further right down to the bottom of the range here They're already through point of control and there's some pretty heavy volume there So yeah, the next move I would look for is down here 82 83 basically right and it's going there pretty pretty quickly and outside liquidity help reading so yeah You mean the outside liquidity indicator Yeah, it can That can help if you resume vertically here You know, you can look for more of an imbalance in here, but it's really what you're gonna see is in here You know that they're following down They're maybe pulling here and we're looking for them to slip through right we we even Speculated we go. Well, everything looks good in here for now They're they're bidding up here, but how many we mentioned how many times have we seen it once price comes down in here They don't want to be buyers here any longer They just wanted to get price up into 3800 and get it filled up there which happened Okay, and they don't there is kind of like a skew in the order book to get it filled up in here Right and then no one's in here interested. Where is it going to go the next level down? Okay, and there guys we talked we've talked about this in the past is kind of interesting And talk in terms of like measured moves in here Okay, so let me let me explain in here because here. There's high liquidity here There's high liquidity the next level of liquidity is down here It's kind of a measured move in essence Like if I draw a big box around this whole thing look at the midpoint there Okay, see see the three dots dotted lines there here. Let me Whoops If I added it here, okay, see see this dot and this is the midpoint here here and here right? This is the midpoint. That's exactly where this liquidity was Okay, so you'll see this and and if they pull here in this area here. Well, where's the order book now? Order book is what they even lowered it here So, you know, if if the order book Many times it's it the price kind of seeks equilibrium And that equilibrium is now skewed. It's it is between it wasn't between here. They pull here It's down here now has the potential to come down here Okay, and Indeed Okay, and let's see. Do we get down to our 83? Yeah, we just got down to 83 Okay, so there's a couple of potential trades again. This is not a trade recommendation room But you know, you can kind of put these pieces together and understand where Price may go right, you know And and we're drawing up our levels in here Okay, based on the order flow and our structure based on the order flow In here It's so it's not volume profile. It relates to volume profile. It's all related It relates to also that I'll go boys and in their room You know, like or their levels that they're looking at And then order flow around their levels And look at this more selling break down to this level now Here and this is where we originally broke out from in this whole move. All right So I hope that helps Rob that's really great Rob great to hear that you look back at it and We're now now you can you can really Put it into context of volume profile and what it really means And you know, we can zoom in and go through profile in here And start to understand it on very very small time frames like here Look this single distribution is bell-shaped curve most traded in here. Okay. Well, let's move forward here All right now. This is going to go outside of the calculation here. So that'll go away All right, and let's look in here. Where is it? Where are these? Where where all these transactions taking place? And well, this is a this is like a magnet here This is the most rated level for this little small time frame Okay, now here's a break right just aggressive sellers come in and break it Okay. All right. Now. Here's here's our weak bottom Right the B shape profile right here just means that more is trading down at this level here Right, especially right here, but look it's right into high liquidity Okay, so this is another scenario now on Friday when we went through a couple of these scenarios This one we didn't go through because we didn't have This scenario unfold High liquidity here at a they're trading into it. Okay, so now what we're gonna have to do is we're gonna have to wait I didn't look I don't know what what happened to price after this. Okay, so let's read it Okay, so they traded into made the transaction. This is a weak bottom However, there's high liquidity on the bid that got filled All right, so we need to kind of wait and watch here and not get caught up in this who into a trap here Okay, so a little bit more selling here a little bit more Hey, what about the bid? What about the offer? Okay, see it's the buyer start to come in a little bit So this could be a trap if we can get back up to here Where it previously auctioned in this range here that you can see very clearly here It's already done this mean reversion for this small very small time frame But if we can get more up here We can break and come back down up into these areas in here this liquidity up in here And let's see if we get that If we don't and we get more selling down here That's the that should be the primary scenario secondary scenarios more buyers back up here and then the break All right primary scenarios more selling down here and then the break Okay. All right, so look at this Here here we got some of the buyers up here. They're pulling here They're adding on the bid here. So we're looking for let's see if we can get a little bit more in here And then we'll come right back up into this kind of 83 level up here Yeah, not not much to take away from it right now. It's just right in the middle between these two levels There we go. Look at the bid see the bid here looks great. All right. I'd be looking for 80 83 Took a while Took a while and did it Okay So now Rob does this make sense You know, can can you read that in in here and and put those pieces together and understand your profile? But understand it by the by what's happening here within these areas. This is part one of that educational course This is exactly what we're doing or understanding where the transactions are taking place What's happening on the bid what's happening on the offer? It's exactly it Right and then we can look for now We don't know all of a sudden there could have been a heavy heavy selling it came in right here and Someone just swept it, you know down to 75. Who knows? Right. We never know However, due to this auction and due to the participants that we see at this time That's what we'd be looking for Okay, and that's all we do know And that is reading the order flow though And then we go through these different scenarios on why one might work work out or look stronger than the other and that is higher probability Okay, excellent Rob. Love it. Love it now Take that and and if you there was some sort of mean reversion play You know, you can look for reading that and then look for a higher time frame move back to your mean Or whatever it is Okay Or continuation All right, let me get back to YouTube. Let's see here Hi and using your advice is right in parallel trading. Is it possible to have SI indicator for stocks? No, it's not Matthias good morning classic man Hit the like button. Thanks, Joe. Yeah guys if Love love the give some love in here hit the like button Why are traders attracted to liquidity? That's really is a great question. It's very very simple question and a very very simple answer Because that's where That's where it can trade That's where there are the majority in here It depends on the time frame, of course And it depends on the context in here, right? But where are the buyers? Sellers they're up here. So if buyers want to meet the sellers, this is where they got to go 90 as simple as that Okay, so You know if and that's the aggressors here is where we're going to read the context not not only the aggressors But also in the in the order book is context on both sides. And this is where it get kind of confusing Now let's just dim the heat map in here. Okay, so we're not looking at liquidity right now And we don't know where price is going to go because we don't have targets in here We we don't know where there's liquidity. Where are the buyers and sellers on the bid and on the offer? We just see the aggressors and the price structure Right now price structure is just kind of this back and forth in this little area here Now we see some sellers here some buyers over here Not getting too much out of it right now to be honest In fact, one thing is like look at this B-shaped profile in here Okay, but again, we need to see a little bit more selling down here And then this can break Okay, we did now we didn't get that we got buyers here okay, so If we can get enough buyers up in here, this is gonna this is not Your it's not gonna be a weak bottom in here. Okay. Now if we get enough sellers here, which we just might right now And again, I don't really like it looking at the context of just these two elements one element being price structure Okay Which is just best bid and offer Hey going back and forth and we're reading that and then the other one is the volume or the aggressors Within it the market buy-and-sell orders that actually move price Okay, well, there's a quite a bit of buying up here. There's quite a bit of selling here All right, so we don't really know we're not getting too much out of it right now But now this is this answers the question though, okay, well, where is price gonna go well likely You know, we'd look for it to go to high liquidity If the buyers want to meet the sellers the sellers are up here 88 and 90 Okay, if the sellers want to meet the buyers. They're down here at 80 Okay, see it. See how it's dark in here. So we're looking for some sort of a Clue that price is attracted to these sellers up here Right. So just think of it and it's not like um, you know I think a lot of traders myself included like always thought of this or I always thought of this as like a math problem It's like well, it should do this because it did that in this No, it's the context in here that really matters And it's an auction and its probabilities. Okay. Well here. Here's some sellers down here Okay So yeah at 80. All right, but is it a whole lot? No, not really You know, so maybe we'll come right back into here 82 Maybe even higher maybe 85 now This is this is a little more convoluted because we're looking to see if we can get these sellers here to Look for a breakout and then get them on the hook and have buyers come back in and get them stopped out up in these areas here Okay, so again Understanding buyers and sellers in here. Who's compelled to be a buyer up here. I'll tell you who these sellers down here Right, so this is this is our false breakdown right here It's already unfolding now I'm looking for more buyers actually up here and I want to see it break out now into 88 and 90 And let's see if we get enough up here We should I think we got it and then buyers and we should hit 88 and 89 90 Okay, just putting the pieces together. See how we read that in here. Does that make sense? Um About the question about you know being attracted to liquidity. I hope so Okay, stay away from just it reading like a this as a signal though. It's an auction Guys give us a like or a subscription Subscribe to the channel if you if you like You'll get alerts updates. We actually we have quite a few new Products coming out here soon. So I want to tempt you with that. So subscribe to the channel and you'll get Alerts when some of these new videos come out Let's see other questions. Why does my CVP can't call them have Two arrows beside it. It's not two arrows. It's like two X up here Which means Basically, you know a lot of traders they love doing this they they they're maybe scalping And I think that's what you're talking about, right? And they're scalping and so you can you can double click in here and it'll clear this and restart Okay, and then you can double click again and restart it Right. So you're kind of looking you don't care about the rest of this you care about right now You're looking for some sort of like sellers and then here they come see them selling hit hit This is related to What we were talking about with weak bottoms and weak tops, okay? It's just you're doing it much much quicker. So look at that weak bottom now for the data that we just reset here Okay, it looks pretty good, right? So we we now this is a little bit higher time frame though But based off of this we look for sellers here and then boom 77 75 And and there's you know looking for a breakdown now We're looking for it down here, but then not so sure other side of the range 87 88 90. Well, it only went up to like 87 here. They didn't even make it to 88 In fact, okay, so it's really kind of choppy in here Hello, you're real Good morning Okay, so I hope that maybe you saw two arrows up in here, but it says two X basically All right, and that we can get out of that too You can go to your reset in here and see it see it says right in right in here if you right-click on it to Reset on on double-click. All right, so just deselect it Okay, and then you should be able to zoom in and out hold on here. I need to Reset the whole clear all resets. There we go Okay Yeah, now you see it's not up here Okay You want to look at at gold? Yeah, we can look at gold futures. I'm not gonna look at the CFD though, but it's kind of all over the place too Traded down trade it. Here's our retest back up actually Yeah, I don't know it looks like it's a low volume pullback right now So I'd look for more sellers to come in and try to trade it back down to 79 and maybe 77 here Looks like it, but this is pretty choppy in here right now Okay, if we can get more buyers back up above would come right up to 84 here All right, so looking for that context here. What kind of context do we have well? They're on the bid here. That's pretty good. Are we getting aggressors up here though? Not really Okay, are they pulling up here a little bit So it does open the scenario for trading up to here. I just don't see it You know hitting us over the head here Okay, Joe. So yeah, you took you took a look at the Four videos over the weekend very helpful great. Yeah, and that's that's great Let's see here Gotham once price gets attracted to that high liquidity. Why would someone want to move? toward a big seller That you see on bookmap knowing that the seller might push price back down But it just depends on that on the context You know, you you'll see in here like look at this guy in here Look at this skew in the auction right in here in gold and this is one player and it's it's like a Likely an algo in here high liquid a very high liquidity right here Okay pulled Added it up here. So it's most likely the same player and how much liquidity is this they have 71 contracts in here That's a lot for gold and And what happened here? Well, it did skew the auction they did it did move price higher But then sellers came in and they took this guy on and they traded right into them All right, and we see the transactions take place right in here All right, and we know exactly what take took place in here So we can see that 158 contracts traded right in here Okay at this 83 level There's our SVP column or SVP. So let me let me get hold on. Let me add in CVP So 64. I'm sorry 64 contracts traded right in there Okay, that's what happened. That was the liquidity in here 71 out of those 71 64 traded so majority of it traded All right, so they took them on so what does that tell us now? Well, we found we found some sell aggressor selling interest Okay, now what we want to look at is the context around this area right here This is what we want to know in the order flow Buyers above it sellers below it. Okay Significant buyers and sellers in here that want to create direction a directional move And and to be honest, I really don't see it like they either some buying up here There's some selling over here. In fact the selling looks a little bit better I would look for sellers to try to take it down to 81 Okay, and you can see it just kind of went all over the place Right, but this is this is the event That order flow event we want to get kind of clarity around Okay, because we know the transaction took place up there Right, and this is this is how like the Algo boys for example They're this might be an Algo boys level They can understand this it you know in terms of a large Algo trading now They're looking for the order flow around that event Okay, so it's all about levels and then the order flow around levels. It's the same story You want me to take a look Paris at CL sure Yeah, POC has not moved much today Joe It's just hacking around this area in here, right? This actually looks pretty good for a breakout here Into our 90 level why look support here buyers here Let's see if we can get a little bit more buying. Okay, we're getting a rotation down And let's see if we can get now So what we're looking for now is a rotation back up and more buyers here lack of selling More buyers up in here, and if we don't get it fine And then we can read like this context up in here starting to come up here now We're getting our buyers. No, so it's not really high probability. It may happen, but it's just not as high There they go. It looks a little bit better. Look how dark it is underneath though. I still don't really like that Um, I'm looking for these buyers to do this. I wouldn't trade it though Okay, uh, I wouldn't put my money on it. I should say this is not a trade recommendation room It's because not all the pieces were quite there And here it is. So it's doing it and we're reading it But you know, you can you can make a more informed trading decision Based on the order flow All right, so, you know in some of this chops and and stuff. Maybe you get yourself kind of caught in these Maybe you're looking for a bigger move and then all of a sudden like well, it it broke out and You know and and you didn't take some profit for like a you know, a few points in here Uh instead, uh, you know, you're holding for a bigger move And then you add to it and add to it and add to it on the way down and you blow your whole account out Right just based off of trying to read the order flow in this very simple event It which is not high probability So don't do that Uh, you know, I mean just uh It's again. It's not a trade recommendation room. Uh, but managing your risk is just so important I mean that is the game In here, uh, know something high probability and then manage it manage your risk Right, so is it worth it to take this? Let's take a quick look over at cl I don't have cl up. Let's add it though Uh, we're on the z contract. I imagine it this Or the x contract at this point Well, let's take a quick look Here's my way of looking that up guys. Um Very high tech cme cl volume Click on the contract specs here from the cme And it should drop us into yeah the z contract here Okay, but uh, just click on you know, don't go by this. This is kind of new They didn't do that before click on this and verify it volume and open interest Okay, and then look at your look at it yourself Yeah, so by far Uh, you know december contract Uh, a third of that is the january contract here Right total volume Right, so anyway, that's uh one way to look this up Uh cl has already made its move up into high liquidity at 92 and 93 92 and a half 93 and it's still back up here Boy, I don't like it either all of these like, you know, yeah, I would go with the the move back up into you know 93 15 or so here It just doesn't look all that good in here though. It's good. It looks very wippy You know, we're seeing buying interest buying interest buying interest just kind of slowly grinding this up And we'd be looking for them up here Right here and then the move and then a quick move uh up into 15 Hey, but I just don't You know, I the order flow does not look all that great in here. They're not supporting it on the bid It might be just a quick move and then a quick fail. Uh, you know so Yeah, not really seeing much here Guys, I want to also show you something in here. Um, that's going on Uh that you might be really interested in um Oh, yeah, it's a lot thinner than the es The crude oil look at it, you know, tens of contracts in here Yeah, it's doing it. It's it's moving its way up here, but again like, uh You know sellers could just very quickly move this bite back down because it's less liquid, right? I mean we we see the same kind of moves in the es though, but nonetheless um All right, so, uh, let's see Um, what did I want to show you? Oh, yeah. Yeah. I want to show you this. Okay, so I'll put this into the chat for you as well. Uh guys, so this is uh, uh Sign-ups for this book map blue jacket. Okay. What is this? Uh, this is uh, uh for you guys to uh Get your content out there and uh, uh be recognized for it okay, so uh There's all sorts of reasons for this. Well one is right here. There's a blue jacket that uh, well you get the kind of status in discord, uh, and um, uh, you you also get yeah featured within book map Insights here, uh, and then you can win a free subscription to global plus. Okay For three months, uh, and then opportunity to uh, uh, maybe become a book map partner work closely with the team Okay, so some really nice things in here, uh, that that you can get um, and um This opportunity is like, uh um quite quite a nice thing in here, uh, if uh, uh, you're interested. Um, so Yeah, the other things are are nice as well in my opinion very nice But to work with the book map team and and um, you know potential development, etc Really really nice. Uh, so, uh Yeah, the way to get involved in here. I'll just send this to you Uh, you'll just scroll down and uh go over the details in here And just sign up right here Okay, so let me put this into the youtube chat for you. Uh, and uh Yeah, I mean basically let me show you the book map insights page as well. Uh, you will be featured in here Yeah, so here you can see dug for example. Here's dove Uh a few on dove Here's dug p again Here's david. Um, so uh, you know, you'll be featured in here though, uh, not just, you know with one Uh, you'll be featured in if you win, uh as you know a special kind of window in here All right, so let me put this into the chat for you guys Yeah, so check out that blue jacket Uh competition And create some interesting content Uh and be recognized for it Drew you want to take a look at, uh ether Okay, I do have bitcoin futures up here From binance futures Not not a whole lot happening here as you guys can see Not a whole lot at all Guys, we have some really interesting products here. This is the liquidation indicator in here Uh, it's showing where, uh traders are getting liquidated out of their positions Uh because they don't have the leverage Uh anymore or it's there's a margin call basically So here 38 k 30 k here 15 events 14 events here 104 only two events, but um, uh, you know, you can look at these areas in here and It it's like stops in icebergs, but it's even worse Uh, it's people getting They don't have the they're over leveraged and they're the exchange here Binance futures is closing their position because they're getting a margin call They do not have the margin to continue to trade Uh, this is very much akin to stops Uh and uh even more insightful. So you'll see a lot of times look look down here for example Here's one move 28k here's another one 20k uh and uh and then You know here, there's none. There's none down here. So you can even look at divergences in here between the liquidations Uh a little bit less and then none and it price did go a little bit lower in here Okay. Well now again rob for example mean reversion Look at look at the order flow in here sellers sellers. They're on the bid down here Okay, they never tangle with it down here at 600. Uh, we get buyers back up here though Okay back into the mean right here. Maybe to the other side of the range and they'll start to hit Stops or get liquidations on the other side of the range Okay, so that's what it's doing Guys look at this order flow in here. We've seen this in the s and p a lot as well Okay, it's like trap traders or not trap traders. It's people just getting liquidated At these areas here So, you know One side and the other You can trade it back to the mean in here Or try to trade it to the other side of the range as well All right, so anyway, that's what I see Uh, and we can look at binas futures also for ether I'm going to put a tick size of five bucks. All right, we'll have to wait for some Data to load liquidation uh indicator Abbie is is showing where people are getting liquidated. Have you ever had a margin call? That that's it How do you know how do I know or how does book map know they have a margin call? Yeah, it's because the exchange is is um sending out that data It's incredible, right? It sounds like We shouldn't have access to that But they they are giving out that data And we can we can read it and then we can plot it on the chart Guys, there is uh interesting updates on this. We're we have a really interesting week I'm going to kind of tempt you with some of the new releases. Um But uh In the next few weeks, but this week there's three different releases that we have And one of them is this liquidation indicator It was actually released for book map 7.3 and 7.4 last week It will also be on the book map web end of the week The web version And on the web version it will show it not only for the uh recent activity, but it's all historical as well So really really great Updates to our liquidation indicator Okay, so 7.3 it can now show it for multi book products, not just one product Uh 7.4 it will show it for multi book products as well as uh the um Uh Historical okay and book map web you can go back like a month Uh and look at all the data Okay, and that will be released later later this week No, we cannot add EMAs On book map Gotham Yeah, this means like 39 000 dollars were liquidated in here Uh, you know, you can you can go even to the here. Let's go to the uh indicator uh, and um Let me show you something in here liquidations here Okay, so you can you can flip it you don't have to look at the dollar amount if you don't want to is us dollars, right? uh, but you can also look at the um Display threshold here and maybe the quote currency or the base currency. So right now See it says 1.6 and four events or 1.6 and eight events So it means 1.6 coins are being liquidated altogether Okay, which equals 1.6 You know at a 20 000 instrument is equal to 39 k at the moment all right So, uh, and it's just fact we just know that Yeah, it works on um the multi book product, uh here. Let's let me show you that. Um If I go here to um I I need to add book map data in here So we'll add a connection in here. Okay, so we'll add a new connection up here Book map data If we scroll down here, it is right here book map data. We are actually the data provider for this. It's a synthetic instrument called multi book That we created here, uh, and we'll subscribe to it here Okay, and then uh now uh I'll close that And let's select it up here select book map data And then we'll click on Plus tab we're going to add so we're going to use book map data in here We're going to look for a futures or a perpetual product in here Uh, and then we're going to add in multi book and we're going to look at btc usdt Okay, ten dollars per tick. That's good. Let's let's add it And we're going to add the liquidation indicator in here as well Yeah, it's already added Okay Now note that it's going to be very different in here Uh, this these are the exchanges in the top left hand corner usb uh us Bitcoin usdt for binance features bybit and okex uh, so The um liquidation indicator in here. Uh, it's going to be a little different. Um, then this is for binance futures only So in fact, let's add another one. Let's not add a perpetual. Let's just go with a futures product in here Okay, book map data coin based derivatives It's fine symbol The z contract here Not getting data for it Not sure why Anyway, here here you can see the perpetual. We just had some liquidations here There's a lot less in here and this is this is really interesting. Um Uh, it's a lot less in here because it's uh, not a leveraged product So people can withstand it a little bit better in here But not they can't withstand it too well in uh, binance futures. Look at that 13 k just got, you know, liquidated here So anyway, how could anyone be making money? When the Fed is working against us um Dave like uh, there's all sorts of ways to always make money Uh, and uh, yeah, maybe it's uh Because the Fed is working against us. You're you're short the market You know Guys, this this has been really choppy session, but we're reading it pretty well Our lines are pretty good in here as well as you guys can see based off of the market structure that we're reading okay, um, we talked about some um A potential breakout and then a potential pullback on this and mean reversion We talked about mean reversion down here as well Uh, it's all over the place. Uh, and then we see the breakout again and this again looks pretty good for trading back up to 3800 here Right now, it's not a trade recommendation now. Let's just go through it though. It looks like it wants to do it That would be primary scenario but again How convincing is this? You know not not too right so You know it it looks like it you know, we'll likely work out here, but uh, uh like compared to friday where it was like Oh, well, this is it wants to go lower due to like the order flow in here So here we go here 92 and and three quarters some liquidity there. What's the reaction to it? Okay, look at sellers are kind of interested All right, I put that in here and like, uh, what does price do? Sellers are interested in it. Okay Okay So, you know, what does that tell us? Well, yeah, we might get sellers and they'll drive it right back down to this 90 area here Okay, we don't It's this is not as high probability Okay, here's here's what here's what ended up happening. They pulled that liquidity. They never traded It was more like a spoof Uh, and then buyers came in and traded up into 95 instead Okay, and then we're right back down here again now watch this Okay, so these guys are on the hook Let's see if we get enough sellers now And they'll then they'll build it. It'll be easier for sellers to come down here And why? Because these guys are compelled to sell they bought up here. They all bought up here They're compelled to sell down here and we should get a stop run and we just did we already got a stop run here We're looking for it to come down further though right Okay, see see the difference in here in the order flow We weren't too sure about this We're a little bit more sure about this one though after this event took place After it took place Hey, does that make sense? Okay, so it's even come down further So actually it's that's that turned into a nice little move there Okay, now I traded back down to these guys here and that liquidity there I would look for a bounce right now and a bounce to where first one here 88 and a quarter maybe back to 90 as well And there it is Okay, now why why 90 why 90 today and not you know like friday or something like why do we think Well, it's because it's it's just Again, it's there's there's this this room in here for the market to slosh back and forth in here It traded down here is a big move down to 86 liquidity You're gonna find buyers that are gonna want to trade it back into the mean Or you know back up into where it dropped from here And they just did and that that trade is finished Okay, we might we might even get enough buyers to come right back up to here and then break out and then trade up into 3800 And we'll read it in here Okay, we have to read it at 90 Hey, but see the insight that we got in here from this that little event in here They gave us some some insight No real kind of major focus here today guys, uh, so um See here chop city. Yeah, burton. I I agree with you Yeah, rob. Let's see here. Let me show it your rob. They put this into that, you know, here's your image Uh, you know, I I would really um encourage you Enter this contest really This book map comm slash blue jacket. Let me put it into the chat here in discord as well So, um And and you're creating content like this in here now the one thing that I would I mean I see a lot of stuff in here Uh, a lot of levels, uh, you know, you got your stops and icebergs in here Just just make it simple. Um, you know to begin with uh, and um You know, this this might be a little too much a little too much kind of a paralysis here by uh, uh too much on the chart It just you look for simple auctions to to work out or not And even start on on smaller time frames first to build confidence you know, so Like in the in the smaller time frame in here, well, you know, here's sellers in control pull back sellers in control Okay, in this little range in here sellers We should get enough sellers here and then hit down into 87 or 86 and three quarters Just based off of what this little quick little read is there. Okay, maybe it may be a bit lower, but I don't know about that right, um But that looked pretty good Should trade down to there just based a really really quick reaction in here Uh, and then uh, now let's see we come back down. Do we get sellers down here? Nope We getting sellers down here? Nope We're getting buyers here. Are we getting buyers up here though? No We getting sellers here? Yeah. All right. Let's see if the sellers can drop it into 85 now Okay, now what I would like we'd like to see though to help build the confidence Is for this liquidity to be lowered here Right, and we don't want to see we want to see them pull here on the bid Okay, because uh, uh, and if we don't get that then we stay away Right, so and we didn't quite get that so just nothing happening Right, it'll be clear when when they come out Now see that a little bit in here at 87 and then they're pulling here so that makes sense Back down to 85 here Anyway guys, I encourage you to uh Enter uh and create some content in here and try to win I'll put this back into the chat Um, so I went over your question. William, right? I answered what the numbers mean thousands of dollars or coins number of coins So, you know, it could be 0.01 coins or 0.1 coins, but you know, that would be related to dollars Okay, you're new to book map learning. Yep. Great No, no, um Rob, it doesn't don't be dissuaded by this. Um, just simple reads in here, uh, and then take it further Yeah, I mean You know that we take take this one here. Um that we had uh last friday Okay here Uh and then get good at this Here weak week tops and and weak bottoms in here It's a really simple and um a very visual Pattern and you can look for the follow-through in some of these Okay, so get good at that for example Uh and uh, I just focus on that And you'd be up and running within, you know You know several hours or just a few hours and then uh, uh, and then several days you'll be an expert in it Really? I'm not kidding you It's it's very simple Uh, and then just get get get really good at that. Look look at your profile in here I know you're a profile trader or you've been looking at it. Uh, and um, You know applying that with your tom b stuff great great. So, you know, just look for uh, that higher probability Or your mean reversion trades, but like um, just uh and then look for Why it played out, you know go back and look like here See how this this is going to be a stop run here And we know that because this is the range and we can see it right here There's just a few stop runs in here. Uh, but um, so now let's see We're getting quite a bit of buying in here, right? So we're back up here. They'll likely come right back up to here 95 Okay, it's already here where it broke out broke down from here 92 and three quarters Okay, we want to want to see him take it up to 95 Okay, but that measured move is completed. Uh, by the way Here's one and here's two Okay Measured move or not. I mean I There's reasons why the measured moves work and that's that's what I want to cover And and here's here's it's basically it's done its job. It's come up into this 92 and three quarters Okay top of this range pull back bounce off of the top of the range here And then a move back up into where it dropped from here Okay, but if we get enough up here, let's look let's watch this here Okay, so we're looking for up here A bit of buying A lot of buying. Yeah, let's see it. Okay. They're on the bid here The bid is the bid is not bad here. It's not bad Now let's see it move back up here Okay, so now look we found some sellers. They actually are interested in that liquidity. They traded That's that's telling us something else now. We just got new information in here So it was looking pretty good that it we if we can get buyers back up here again Then we'd get our breakout in the 95 Okay now now I would say no it's kind of changed a little bit in here now Okay, but we'd be looking for buyers up here and nothing shaken Yeah, I mean William this this fits perfectly with your failed breakout strategy as well Perfect See now look at these guys. Here's our stop run shake out to the downside buyers back up above it Okay, we do if we get buyers up here. I want to see him take it to the top of the range Yep looks like it. Let's see it. Let's see it buyers now We don't have the bid underneath here. So that's not good. So it's not as high probability still looking for it But it's just not as high probability Hey, if the bid really shows us and then you know, there's interest on the bid and and we get those aggressors God, we're looking for it to trade not only up here, but to break out into our 95 And again now that's only a few points in here But it's the same if you look at this On a much much higher time frame Okay, we started off this webinar talking about this down here And the bounce out of that And it's been really choppy session in here You know and and I think we've done a pretty you know pretty decent job though of like reading the the order flow and then looking for Yeah, we'll likely play out, but we're not we just don't like it. We're going to stay away from it uh, and um Yeah, so you know even this one in here is like, okay, well if they can buy up here then they should be able to push it uh, and then They just didn't support it here on that on that bid like we were saying Okay, so let's see if we can rotate up again and get enough buyers in here to trade up into 95 still So they keep coming back But no see see look at this in here. I'm we're still looking for it Hey, but it's just not as highly likely Sellers can very easily come in hit the bid hard and trade down to 86 86 and three quarters Okay, so we just stay away from it Anyway, Rob. I would yeah, I would suggest like uh, uh, take take a Look and review We tops and weak bottoms or you know, if it's mean reversion that you're looking for I look for it to fail outside of the mean or outside of the edge top or bottom edge Okay, so we we covered that all that also like how these um weak tops and weak bottoms fail Uh, and then add that into your mean reversion and get really good at that Yeah, just and it really is about you know the numbers Go back look at it again. Go back look at it again. I look at this down here sellers Pretty steep pullback lack of sellers buyers. Great. They should be able to they should I I don't see them on the bid here, but they should be able to trade to the other side of the range here Okay, 92 93 95 90 or 94 95 Okay, because look look at the order flowing here sellers. Wow retrace almost all the way Lack of sellers buyers coming in They should be able to trade back up to the other side of the range here Right, we'd be looking for it. We just don't as think it's as high a probability Due to the the interest in the bid here Okay on the bid they're up here. They're here in the bid at 88. They're not up here 90 Yeah, why cough patterns like this kind of uh idea of distribution and um Accumulation accumulation in this sense here. Where is it who's in control? We've talked about this one so many times, but it really does matter. Look who's in control buyers buyers Okay, some sellers here that buyers here some sellers here some sellers here But if we get enough buyers up in here, we're looking for this Okay So and it's due to the accumulation in this big zone in here All right, or the accumulation in this zone here Yeah, and again, why cough is also like Mark up mark down and you know distribution areas are um Uh fractal as well. Uh rob just take it one simple step at a time. Uh really You know look at the um I think the weak tops and weak bottoms might be good And also when they fail. Okay, so let's go back here Any more questions got it. Okay. All right. Let's see discord how we're doing in discord All right guys. Well, let's uh, let's let's take a look here uh and go through some things like um kind of unstructured Webinar today It's been really choppy But I think some of the key takeaways in today we started off with rob asking about mean reversion and understanding our educational course Right in this area here these these four Videos in here, so I'm going to put this into the chat for you guys Uh and uh go through educational part one Uh and maybe two Just for starters. Uh, I think you'll find it really helpful. Uh, I think rob has uh, and then what you can do um at that point, uh is um Put it together with other things. Okay, so here's the link for that uh and um Yeah, the discord channel if you go to book map dot com and you want to join our discord And uh, we have a tom b streaming up here shortly Okay, that's great. You should see this link underneath here if you don't uh join discord room here Just click on the more button and go to community Discord chat room right here All right and click on that and that'll take you there All right, so there's that uh, and then you have the um Uh Yeah, we have tom b and then we have dug uh options with dug after that and the alga boys should be in there as well All right, so we got lots of streamers lots of stuff going on guys Uh, so really really good stuff. Um, and uh, yeah different ways of trading alga boys are obviously Looking at algorithmic activity Uh options with dug pretty obvious too. He's looking at options and integrating order flow Levels within those options Uh, and then uh, uh tom b uh in the traders lab. Uh, he's looking at volume profile Hey, it's a profile trader with the s and p e many Uh, so uh put all those uh Go check them out basically and see what works best for you We we offer it. Okay. Um, so the um, uh, just a couple more Um, uh think topics to cover in here. We talked about this mean reversion right here Uh, and then we talked about other mean reversions Uh in here and then top edges and you know, what's more likely to play out Well, you know, we saw some of these we saw this one in here We just we just were covering this one in here sellers lack of sellers Buyers coming in looking for it to trade up into 95 They didn't take it up here it it had to pull back here and then finally has done it now Uh, and it still looks pretty good. All right, so we're still getting buyers up here Now just you know, we covered it. I don't know how many times today like You know three or four times You know Is this likely to fail or is it going to come out to 3,800 once again in here? Okay, so just read the order flow in here Uh and look for them to support it on the bid and and more buyers in here Uh to come in they may bounce it off of 92, which is kind of a point of control of this range in here Okay, right there right here 92 Uh, and then can we get back up here get more buyers? Are they supporting on the bid? Yeah, are they pulling on the offer? Yeah, okay. Well, let's see the buyers now lift it then up to 98 and three quarters and and 3,800 Because that's where the sellers are up there Okay, so we'd be looking for that um, and uh Yeah, compared to uh, it failing and coming back into the into the range in here uh, and uh Not supporting it on the bid etc So different reasons why due to the order flow Okay, so why we this may be a failed breakout and then come back in Well, you know, we look for a lot on the offer in here and I don't really see it yet Okay, so it's just more of kind of a little bit of chop in here right now We can read the trading up here how much buyer how many buyers traded up here not a whole lot, right? Well, we need to see a lot We're looking for a lot to trade up here for this to be higher probability Okay for it to come back up in here. There's some it's just not enough to to really give us Clean insight here. So, you know, here they go. Let's see if they can reach back up here again Up to 96 and a half 97 Yeah, and look at look at the offer in here. See how this is more convoluted Right now. They're on the offer at these lower levels here What's the reaction? Okay. Well, are we getting buyers a little bit? Yeah, there they go Okay, okay, great. All right. Now, let's see Get a bit more here 97 and then more on the on the bid here And then we can get our pop up into 3800 and I just don't see it happening right now Okay, watch sellers be able to easily drive it back down here to 93 Okay, so because look at how dark it is in here. So stay away. Look for the higher probabilities and You know, or you can also look for your mean reversion if this You know, isn't something that Is giving you Too much information It'll likely kind of pull back into some of these areas here Again, not trade recommendations. You got to read the order flow And then look for a follow-through from the aggressors All right, so Yeah, it was a kind of Chop very choppy day in here, but understanding Buyers and sellers in context at some of the edges in here All right. Thanks guys. Thanks for coming. If you like this, please hit hit the like button that really helps us subscribe to the channel Lots of stuff coming out this week. I went over the blue jacket Website or a web page here to sign up and then be on the book map insights and Get a free subscription here When a subscription by entering and then also potential for Getting more involved with book map Okay Anyway guys, let's wrap it up. Oh, I went over the liquidation indicator and look for For More information coming out More not only on the liquidation indicator For crypto It you know works with book map seven three and four, but also for book map web And it works in that multi book product in here that we were covering here Not just one single exchange, which is really cool. You know, you can look at the multi book product in here You can look at In this case three exchanges and you can look at the liquidity and the amount being liquidated in here Okay, thanks for coming everybody Look for tom b next and then uh followed up with options with dug All right Yep, thanks everybody. We'll call it a day and we will check in with you tomorrow. Take care