 Good morning traders All right, welcome to the all markets webinar. This is Bruce at book map All right, and we're gonna go through the live order flow analysis here In any market that we can connect to that you guys want to take a look at Truly it seems the SNP is the most popular so we continue to look at that until we get other requests anyway the goal here in the webinar is to Learn order flow in the live market. We can do that because it's order flow We can read the behavior of other traders and give insight to where we think price may go next It is not a trading room It is about reading and understanding order flow and integrating that within your trading 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 a central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump in and Something that really sticks out here right away as you guys can see on the chart It just dwarfs everything now This is the CPI data from this morning and very very bullish and Well the market took it that way for sure so what we see this dramatic rise in the in the SNP 500 and then look at the volume behind this guys This is like when we talk about momentum Here it is, you know, I mean obviously this is the big big move in here But we're going to take a step back here and look at the other charts and then we'll come back and talk about momentum in here in the order flow And the transactions. Alright, so the bigger picture here. We've talked about this for a while This is turning into a flag pattern here on the daily. We noted that potential Last week actually I didn't I didn't mention it yesterday But this is the potential that we have here and to come right up into This area right up in here these previous swings here where the market broke down And we're just about there. So I have 11 as the or 11 or 12 as the swing high Up here. So I imagine we're gonna see maybe an exploration up into that area. However This move in terms of its average true range is pretty much done You know, look at all of these candles in here. We had all sorts of events and and FOMC and non-farm and and geopolitical tensions and look at the size of the moves Okay, this is one of those one of the biggest so Not looking for much from this webinar Still looking for you know the test up here This swing high But that may happen later in the day We'll read the order flow in here, but it's really You know the move is is rather done here so any anyway, that's the read and For you for those of you who Have taken a look at our flag pattern content in here You can go to the more button here from book map calm and then go to the learning center In here and the strategies and setups here. Okay, we talked about continuation momentum strategies and continuation patterns and We just cover a simple flag pattern. They're really all very very similar And we break it down the components here and understand what's behind them In this one in this video here, it is in diagram form in this one here We make the translation from diagram form to seeing it within book map and understanding the order flow and The last one here the third one The most important one is then how to execute around it. Okay, it's Something for it's just an idea for you to go back into study and look at the behavior of Traders in here to give you an edge for the continuation pattern All right, so we have a checklist things to look for and we're going to go through that today as well What we're looking for there's also one more section in here it It Contains a checklist you can click on that and you get access to this checklist in here That you can go through and check off what you're looking for in here. I Really recommend that you do this. We have a new tool in book map as well That I've been demoing. I haven't made it available to Most of you I think maybe it's just a few To to use that tool to lean on that behavior of previous traders to give you more That that potential for that move to unfold we have some practice files in here as well and then also Examples from book map insights in here. All right, so good stuff in there and Now let's take a look at and see what's going on Within book map. All right, so we'll cover the hourly and the 15 minute chart here very very quickly But you can see the huge gap here. This is obviously clearly the data and then some The data was at 830 we get the dramatic move and then The another hour or so before the cash open and then just this little move to the upside so far Is what we're seeing on the hourly as well as here on the 15 minute All right So let's take a look at book map and the order flow in here and what's going on All right, so we just talked we left off here talking about momentum and understanding momentum All right, so hold on a minute here. Let me get into the chat I'm missing anything here. It looks like I'm caught up. Okay Yeah, Stephen good content there. I'm gonna go through more that's in line with what you had had posted in here and Yeah, we're gonna also open up market pulse and go through it in more detail As well for momentum plays all right so Anyway, the momentum in here like well first off the the big huge move in here and you know, it's it's almost all buying And then look at all the volume dots in here Look at all the volume bars down here now. These are delta bars and dots so you footprint traders out there know What you're what these mean here? That the the delta bars down here doesn't have a number, but it's basically the same concept. It's just graphical We can zoom in here and get into the details of it as well. It breaks down these into other time frames So, I mean look who's just dominating the the price action. There's no question about it Right look at all of this liquidity in here buyers trade through it There's there's some back-and-forth here in the cash open and there's you know a lot of stuff going on But by far the most of it the trading in here is aggressive buying and After that back and forth the buyers finally take it here And and take it higher up in the high liquidity up here at the figure 4,500 All right, and we continue on and we almost made it up into this ten level and Ten or twelve is kind of what we were talking about earlier as the swings. So Now look at the momentum up into here as well You can see the Yeah, nothing. I mean tremendous buying. Okay, very little transactions on the pullback here Start the buying starts to come in again, and then the cash open tremendous buying And then it just tapers off, but there's still buyers in here lifting that higher It's not until just recently up here Do we see some selling that really starts to show up on the Delta bars down here? Hey, and also here. All right, so Like we were kind of looking at the the fuel In the in the ATR ADR up in here, and we're kind of running out This is as much buying as we can kind of handle for the day Compared to all of the other price action and candles in here All right one thing to note before we get back in the book map in here this move in here We talked about this. We had two huge fundamental news events It went FOMC followed by non-farm. They were both bullish Right, so a pretty easy week I think the next week here this all this chop back and forth was difficult Okay on Friday that we we saw the momentum in the move higher we covered that one pretty well that happened during the live webinar which was good and And we ended up here at these swings and then just yesterday a little bit of a back and back and forth day We're still looking for the move higher and But pretty pretty choppy now we have the follow-through Okay, so we have really really strong powerful move Some back and forth chop, which is actually pretty bullish here. These pullbacks are not deep at all And we close up here on Friday One day we have a small little inside day here. We have our CPI data off to the races Up to the upside here. All right, so The flag or this kind of continuation pattern is also present here on the daily All right, you can see it on other time frames in here as well and many different examples in here With with book map All right, so Now let's start to read and understand the order flow though all the way through here I Fought I thought this was a pretty easy read. I Know that it's mostly buying in here. I'm buying dips selling maybe top of the range Or holding For longer position in here. Okay again and again and again Right. We know the buyers are certainly in control So we're just looking for good entries for continuation All right, so let's see here Any questions? No, it looks like we're pretty good. Let me look over in YouTube here David interesting. Okay. Toss just killed the ES symbol Don't know what happened over there Yeah, rich. I think I'm well is it good. Is it okay to short? Well, this is where you know, you you really You really need to dig into the details here in in the order flow because Yeah, we're getting up there if the order flow starts to shift and change and the momentum starts to shift and change Yes, you're looking for a short Right now is like I said, this is not a trades trading Recommendation or our trade following room in here. We will go through the order flow and we'll do it in real time and Just know that you know, we still haven't really come back up into those swings yet And we're gonna get some back and forth in here. So the the easy trading is I think rather finished But we can start to zoom in here and look at other things in here So so for example right now the this selling in here I mean here come the buyers, right? So There it's already breaking out of this range here And likely we'll get the test right up. Well, we're already there basically to this swing here Or at least these sellers in here with that's already happened So now we're just looking for those buyers to curl curl in again here and The continuation move on up into 08 and maybe we'll get get our 10 here Okay. Now, what what else do we have on our side? We're leaning on all of that previous volume okay, this breakout here in strong volume and This volume in here The the aggressors right now. We don't have on our side the order book Okay, so this is where it gets really kind of tricky up here So what we want to see a bullish book supporting this move to the upside Instead look at this this trader came in at 07 and a half right With more liquidity at a lower level here on the offer and now they just they just pulled it or some of it Transacted so looking for buyers to trade up to 08 And let's see if they can here. We just exhausted out actually here but Yeah, well, let's let's take a look here Yeah, there's not a whole lot transacting up here Not a whole lot. So I don't know what I feel about this in here I yeah without the the The buying up in here and we don't have a bullish book. It's it's basically hands-off There's there's some key elements in here that we're looking for that are not showing up right now And we do have the strong move though. Hey and the continuation. That's that's a good thing All right, so what? No, this this is what could happen when we don't have the order book supporting us Hey underneath All right, so we can come back down into this liquidity down into this area here and the swing Okay, and knock some of these traders out of the market Okay, and then we'll see we'll see if the buyers come back in And move it back up and in a short term here. We're looking for above this oh six Oh six and a quarter and then buyers up into here Hey, and then we can get maybe These big green dots to pull it up into our 10 10 level, okay all right, so yeah, we avoided that and Yeah, I think it's gonna be kind of tricky in here for for the rest of the Session here, but that's okay. I mean we're here to read the order flow Let's see other questions in here Yeah, rich in terms of you saying it is it short okay now? Well I'm not gonna say okay Let's go through it though. I mean like This is this is why we're here and and in fact, this is what this bookmap Academy if you rich if you're interested in joining that bookmap Academy This is what? We'll give you feedback on your your your markups your chart markups so that you can start to become an expert and Instead of like saying is it short a short okay? You will say something like this is what I have high liquidity being filled on the offer on the way up We get a higher high up here. We get exhaustion by the buyers into high liquidity here In maybe a stop run as well And then we start to see sellers curl back in over here and we don't have the order book supporting us So we're looking for it coming down into here as the first stop Right this liquidity in this swing here now it it took its time to get there and actually that's where it broke down from Okay, it kind of went back and forth in here for a bit before coming down here, and then it just flew through there right, but would we would go through that instead of like You know is a short okay up here Right. We'll look at these details in here this player these players behavior To give us insight that this may unfold All right, and these elements are I mean this is what makes up the trading It's the aggressors. Hey, which is the market buy and sell orders here that move the market red dots market sell green dots market buy It is the liquidity here limit buy orders on the bid below current price limit sell orders above And then it's also about the market structure And market structure is a really key element Within that market structure. We want to understand that context between the aggressors and the liquidity now, I think we talked about yesterday spoofing someone mentioned spoofing and We have some nice little Ignition algos in here stair stepping up trying to push that market higher and Let's see here. Do they actually get filled looks like they kind of They didn't get filled here and looks like they they may have gotten filled in here hard hard to tell But we have another one in here now this one too like it's kind of hard to tell in here And I I don't I mean you can just see it like almost like literally Literally the shadiness of this here. I mean look at this stair stepping here. It's an algo Pulling adding higher pulling adding higher even the time frame here is all equal And then it stays here And then it looks like it the last second it kind of goes up one more step but on very light liquidity in here And gets filled Hey, so now is that an ignition algo trying to ignite stops a backup above the swings up in here? Well, yeah, it looks like it to me, but then they got filled in here potentially got filled in here And not much though. You can see it's totally reduced risk It's very light in this area here. In fact, we can use our Tool here is it to see that on the bid 136 where it was 210 here so So, you know, they're there. Maybe they're taking some risk But it's light and then therefore it is not a spoof. Okay, we're ignition But you can see the algo working it So anyway that these are some of the details to kind of dig into in terms of the spoofing elements the Well, anyway, I Guess answering Rich's question about the short in here. I really don't see anything until It's a bit late in here to be honest I mean, this is pretty nice up here and actually up in here. It's not so bad either There's some buying in here, but you see you can start to see that selling coming in, right? And then up in here, there's not a whole lot of buying we see the selling starting to come in and See where they come in here the market drops We'd look for it to go a little bit further, but then it hacks around in here and retest right here several times Finally exhaust out here It looks like it wants to break out. You know, I would Look for maybe these buyers in here to reach 10 at that at that time Just not enough. You can't get back up above this area here It exhausts out on the buy side and the sellers come in and able to drive this market quite quite a bit lower here Down about seven seven and a half points or so to about 4500 the figure and we do get some support there all right All right, so and then here we go We were looking for this scenario in here Now we can basically take this These drawings in here and kind of move them over a bit and and we got our breakout over here Right so We didn't get it here We got one more move below the swing in here and then now we're getting it here And then here's our 10 just just trading right now. Okay, it's still still looking for our 12 or 13 here, but That that swing high for the for the day here, so maybe it's maybe it's 14 Anyway, I want to see a kind of spike above that swing actually this is this has been we have all this The narrative in here In the news and we're leaning on that here with the technicals is that The the data is bullish for the market and the market is ripping to the upside Okay, and we just had the CPI is completing this Continuation pattern right now All right, so yeah, still still looking for a bit higher here I'm looking for these buyers to really move the market So let's we have liquidity up here at 15. So yeah, let's let's see for the See if the buyers can lift it up into into 15 here. There's still more buyers See we got 13 and a half 13 up here Now it's it's I don't still think it's gonna be all that easy in here We're gonna get these pullbacks and these sellers rip it back down to well here at 10 That's the first stop and then also down here at 9 But this is exactly what we want to look for we've seen this move Just so many times this should break out up here and then what we get is the trap buyers a Shake out or a move back down into These previous swings and see if we can get some stops triggered And then the buyers will come rolling back in and then we'll get our move Right. So especially in the S&P we see this so many times Most markets do something something like this, but the S&P rotates a lot more than markets So this happens pretty pretty frequent Okay, now looking good now. Let's see. Do we have the order book though? No, not really better It's getting a little bit better, but so is the offer here. Oh I mean you can read the Delta in here again So what there's a there's it's not as easy as before there is some selling in here In these in these little pockets in here Okay, so maybe we need to rotate back down again and then find buyers to rotate it back up Let's see anyone else in here Deborah. Good morning Lean on by the dip caddy Buy in the dip just It can be really kind of tricky to what I mean It's a it's a great way looking at the bottom of ranges, right and then the Just like like in here, but here you don't want to quite buy it yet, right? I mean like you have your reasons like this little bit of buying in here and and We also have You know the range or this kind of swing in here. It's high liquidity at 10 We have some things in here to take a look at but we just don't know how much supply there is yet Still, right the sellers may trade into this and through it So we got to look in in some of these areas in here And then look for like the buying starting to come in above in here See see how this is how the microstructure can be really helpful for you Is start to understand the narrative in here Between the buyers and sellers in here now selling is is hitting the bid in here but failing to get into 10 And then you know very little buying up in here and Then finally we get buyers starting to transact up here. Okay, so once we can start to do that And we and I mean, you know the sellers may roll in and they may hit the bid really hard It's happened many times over But typically if we start to get the buyers back up at the top of the range in here You can look for them to test And that's only a couple ticks here But we're talking about much much smaller time frames here. You can look for the test up here It's only a few ticks right or the other swing Which would be up here or the liquidity up here? Okay, so what you can see the buyers roll in here's our selling in here very little or buyers here Still looking for it to go higher these guys pull We don't have the order book still behind us Even though they are pulling on the offer Okay, so we do get up into this 13 level and then it's been back and forth in here Okay Then here we are current market. All right, so let's see now same ideas in here, right? Let's take a look at it We have in this range in here. We do have there's buyers up here. Okay, so can they return again? And they return again. Yep, not only can they return again. They can break out All right, so there's our breakout and now we're just looking for That's gonna be a stop run. So this and they are auctioning up here though All right, so let's see if we can get a bit more and then the move to 15 Okay buyers buyers now. They should be able to push it up and we do have the order book underneath us here Okay, and there's our move to 15 and you cover right so I know this is scalp for a tip for a point Right, but you it's the same process though, right? We're trying to learn something from the behavior in here So actually it could have been two points from 13 on up to 15 right now look The risk management the execution is is is not as easy as that It's it's a lot more challenging Likely you if you were really quick, maybe you got in at 13 and a half It would have gone against you a little bit in here And then you can see that you probably would have held though Or you would have got you could even add it in in here And then taking it up to 15 now that's a scalp, right? But again, it's the same ideas here on the higher time frames Okay, and yeah, and then look at look it up here. Okay, so now Where are we bigger picture first? Hey, we're up here Hey, so we were when we started the webinar. We're not looking for a lot here today It's already happened So, you know, I would be really surprised to see as if I mean price we never know right it can do whatever it wants But we can just look at the past in here and look at the size of these moves in here This is a big one Right, so we're not looking for a whole lot more here out of it right and 15 was our target basically So we've it's been achieved Okay, so now the whole whole picture here in terms of the longer time frame structure is different Okay, so cat caddy. Did I did I answer your question about about the the pullbacks? Hey pullbacks like In some of these areas in here, you know, just wait until you see a bit more coming in And on that buy side it helps confirm it right as best you can I mean you give up a few points in here, but you just don't know or a few ticks You just don't know how much supply is in here Okay, so again leaning on this move and This delta in here on the buy side and then this is a pullback to an area of support and Then the buyers come in come start to come back in so Instead of just kind of willy-nilly putting your your limit order down in here now, you know Hey, maybe maybe that works for you. I mean you sometimes you get just amazing amazing entries in things like that but The problem is is that you can also just get really easily run over All right, because this this trader in here could be a bigger player who just sells and It would very quickly come down to 09 From 10 and a half to 09 All right, so that could even happen here, right? We don't know we never know That's why you use a stop and you're looking for this to work immediately and If it doesn't like, you know, something's wrong. All right, let's see here What's the mean area in the heat map? It's buyers. Well, so the so you're talking about order book and balance is is that right? Dosser yeah, well we have order book and balance Up here for the chart range, we also have the support and resistance Market pulse tool that we can go over And that'll give a good view of the of the order flow And yeah, I mean then Here catty. Here's it. Here's it actually pretty pretty nice pullback on a higher time frame Hey, so here's a move into high liquidity up here breaks out It pulls all the way back here And then it trades into high liquidity And then you can start to see the Now this is where you're looking. This is where you're looking for the buyers to be above right here Hey, because there here's the supply and here's where That that that shifts and changes here Hey, right right in this area here. Hey, so this 0175 area right here, right? So it came all the way back down to the figure here But you had to give up like, you know more than a point and a half a point and three quarters to get clarity That buyers are starting to roll back in here. And then we have the potential squeeze And then we start to look for previous structural areas and and transactions of liquidity Hey, or breakdowns Or liquidity on the offer Yeah, so let me answer the question with the Order book and balance will look at the market pulse tool and then we'll look at the support and resistance in here In fact, why don't we look at support and resistance in balance here? We haven't looked at that one much all right, here it is and Let's see here the support and resistance in balance. Let's go to the settings. Let's go to Delta percentage here Hey, so that gives us the peaks and you know up into above 70 or below 70 and All right, so this is another thing they'll take a look at in here where you know, we had a pretty pretty big imbalance Hey, and we're getting another one see see the on the offer here We have this in balance and it's very clearly showing or we can even very clearly hear it and So there's supply up here Right and we so we've traded back down now. All right, so caddy now is this a potential here Okay for a Low a low volume. Well, not maybe not a low volume, but a pullback by the dip type of idea. Let's see right here Okay, so here we have some buyers starting to come in now. We have sellers though Hey buyers again Hey, alright buyers. Let's see here if you can take this. Nope No, and then look look at the offer in here So not enough buying here, but we're still looking for them to come back up above 13 here And then we can get the potential move up into 15 Okay, so what no is broken down below this And we're looking for potential squeeze now Quite a bit of selling okay very well might come down to 10 now It it's not clear right now, right? So our first scenario was Up to here buyers and then the move higher up into 15 our second scenario is up to about here and then continuation into 10 and We're getting a nice cluster of buying in here. Oh Yeah, I still don't like it though. I can see this kind of Liquidity here on the offer see the bluish area in here So Not and not getting a whole lot of buying. All right, so sellers starting to come in Let's look for the second scenario here sellers actually below here where that where this buying came in Hey, so let's see if we can get that No And why I was looking for that was I did not see the green dots up here. Hey, we're getting it now Right, but I did not get them up here. So it's like hmm. Okay not getting them here starting You see sellers here. Okay sellers, but you got to get down below here. Then we're looking for back down into 11 into 10 Okay, so instead that that first scenario played out once we got the buyers back up here Now, you know, you didn't get much out of that We did not see it here. I was looking for it. I saw this one. It was countered I saw some buying and I thought well, maybe that's enough to get it up here It clearly wasn't until we got over here All right, so now now we got our move so what Wow and continuation look at that a order book still supporting underneath and That's a big stop run there too What a book under 15 and a half here Next liquidity level this that's a good question 20 up here Anyway, yeah, a little a little tricky in there now hindsight. It's pretty easy, right in hindsight this selling in here Below this swing here and here is now the the stop run, but also the trap You can see the The the we know the pattern we're looking for we actually thought it would happen here did one more and then it happened And then not only did we get a 15 but to 17 Again hindsight is pretty easy, but trying to read this in the in the real time here Is a bit more challenging Because this is exactly what we're looking for Let me get back over discord. So this market pulse in here so we We have the the bid in here pushing pretty high and under underneath here and So what it this is where this market pulse tool is really great. It's giving us insight to something In here where in here? This little green area in here is this it's this buying that came in On the bid in here, even though we have high liquidity here the market pulse tool It starts to hit the over the 70 percent in here once This liquidity starts to come in in here just just in here And then we see the the market pulse tool go up above Hey, there's some exhaustion Some sellers. Okay. Let's see crash Has some content in here to go through Stuff Crash fill out your spreadsheet. Just take this copy and paste the link And and make sure you put it in your spreadsheet Right you get the credit for it Matches your five-minute pullback Okay, so you're looking at the Nasdaq and 720 hold on just a minute So I think you're on the on the east or west coast, right? So probably here Yeah, this this pullback here There you go. Beauty Yeah, one of the things like a caddy that Again to lean on in the pole on these pullbacks in here Even though you you may see this this high supply starting to come in like this You know, we really want to lean on all of this activity back here Because even this might be really kind of scary here for a minute But it might be really short-lived because there's so many other traders in here long buying That this is really kind of a Drop in the in the bucket. Well, it's more than a drop in the bucket But it kind of really shakes people out gets them going maybe the wrong way And then the buyers can come back in and then squeeze that squeeze them to the upside okay, so That's kind of the key in in here like we had talked about with I just want to reiterate it again and again Again with this with the flag pattern in here that we went through this continuation pattern of leaning on All of this behavior in here So for example look for an entry on the so for example the once the Leaning on the squeeze from the consolidation Hey, the first impulse move here is strong The pullback is shallow It's minor. It's on low volume It's not even half or less than half of the move back. There's liquidity up underneath here Okay, this is in the diagram form, but that's where we're looking for these buyers to come back in and It's curl back in and start to move that market for the second impulse move. So we're Reading this in here compared to this here Right and we're leaning on this Any any transactions in here to get squeezed as well so Really, you know understanding that context in here and that people are bidding up underneath And and we have low volume on the sell side Right, so this might have it might even pick up in here like like we're just looking at that example It might even pick up in here and look kind of scary But you're leaning on all of this in here now. You're just waiting for the buyers to come over on the other side And that helps confirm it so now you know that there's potential for the squeeze again here from the sellers Okay, so again leaning on the the previous behavior to give us insight Yeah, good stuff crash. I love your content. Yep, and you got your market pulse Balling pressure and balance in here Giving you that insight as well Yep Yep, just great. I love this this Market pulse volume pressure Algo, I think I think it's just excellent. I know you guys a lot of you guys have embraced it We have new Algos in here and that's what I want I'm trying to cover and also give you guys access to these so you can start to create some content on It and maybe find an edge as well Right because there's a lot of ideas in here with all these really simple little Algos with this market pulse tool Let's see someone was asking earlier about the In in balance in the order book and the order flow, right? So We can take a look at that here using this support and resistance in balance They or I think like I said, we're gonna rename it But we really really want to understand The order books in here and we can look at we showed the example using the dome And looking at a book stack, right? And then we can look at this here as a simplified version of it. So now Here we go. Look at this move into high liquidity Hey buyers starting to come in now. It's up at the top of the range. I don't like that But the book is starting to show some interest okay, so Looking for a bit of buying and then a move up into 17 here And the thing I the thing I don't like about this here is the entry here Right, it would be up here at the top of the range and this can happen here Right is is you get these we get the sharp moves back down But we look out we got the support here in the order book right right in here So again looking now for buyers again up here now. I like it here This is not a bad entry up in here. It's it's not as bad. I should say And the the reason being Is we have this selling now if we can get the buyers to squeeze them now, right up into here And we we had some buying it did auction here. I'm looking for a return back up And we're gonna really read this we're looking for something good here And then we would look for the move back up into almost 17 here 17 liquidity here Okay, no more supply able to take it down through that liquidity Okay, so maybe they'll take it down into see the move down into about this 11 and three quarters Okay, let's take a look for this idea again of a Pullback here by the dip type of thing. Okay now Caddy what what? What in here? Do you see that looks very very different in this kind of it's a medium term picture or time frame that Doesn't make this look so good for a pullback any longer for for buying Okay by the dip type of idea if there's something in here The bubble sizes. Well, yeah The look at the the volume bars here Okay, so there's There's a lot of buying in here, which is good. I mean they're they're controlling the narrative again But look at all the selling in here now Okay, that wasn't the case back over in here And some of these other areas Okay, it just wasn't it was it was just very low selling and then a lot more buying I mean a quick move here with sell side, but And then it was just more buying right so Yeah, there's some selling up in well, that's the that was the high Yeah, I mean look at look at this in here. I mean, there's just no question about it, right? This is easy. I feel Much easier They're just telling you I mean the buyers are telling you the sellers are also telling you like they're not too interested Okay, now if we go to the current market See see in here. It's it's pretty muddled in fact We don't see too much buying just this this big move in here and they'll just a little pocket in here, right? So I wouldn't look for buying the dip in here In fact this move down to the bottom of the range makes makes pretty good sense Okay, again context Understanding this context in here Now bubble size though. There's a good good thought really good thought It's more it's more kind of cumulative to be honest This is where your cumulative volume Delta you might want to take a look at I mean look at the cumulative volume Delta is starting to really drop in here due to all this selling in here Right, you can look at it in the dots is army in the bars and in the dots as well Okay, so cumulative volume Delta even look at the divergence in here in fact Hey, here's the previous swing low here in cumulative volume Delta and we're below that due to all of this selling in now We can look for something in here very specific actually we would look for Maybe another trap in here Okay, so let's take a look here. Where did that selling it's kind of in this little range in here And well if we can get our buyers back up above it the squeeze will be on To probably trade back up to here or maybe you know even even back up to 17 or or this liquidity here Above the swing Okay, here they come and now it's on for the buyers. They can if they can lift this here And do they have the order book underneath it a little bit here? Hey, here's a little bit of a pullback. All right buyers. Let's see it up here And let's see the squeeze got it there we go But higher go up get up to the swing or 15 Order book on our side as well. Beautiful to hear that There's our move to 15 right there And now this happened really quickly, right? But we again, we just we look for these scenarios And we have to go through these scenarios first Because we don't know what to look for if we don't go through the scenario All right, and and we are only looking for it to come up to here for right now now that might change Right, but there's just the selling is there's still more selling in here Right, so we're just looking for that little squeeze move in here. So in the move up and up into 15 Again, then we'll reassess after that All right makes sense potential flag pattern in here squeeze And now let's go through our checklist in here though Um, hold on where is it bookmap checklist there it is. Okay Lovely, okay And this is an older one in here. This is the What I gave to the developers, but I have a new one for the flag pattern and that's not it Okay, identify the trap. We already did that. It was there. Well, that wasn't the best, but it was there Okay, pull back Low volume on the sell side not bad not bad So yeah, I'm looking again right now for these buyers up here Now we just don't have the bidding up underneath again. We might get another rotation back down here before that but So we and then we develop a scenario here We're looking for 17 or 18 here For the completion of that flag or measured move. Okay, so our measured move would be this Here to here right And See, I'm trying to go through this quickly Steep move. Yep, not bad Give it an eight Trap traders maybe like a six or seven in here. Let's give it a seven For this move for this small move Measured move. Yeah, we've got that Absorption up in here. Yeah, we've kind of got that I'd give it more like a six or seven Minor pullback not bad. I mean, it's not it. It's more than 50% probably or around there So we'll check it but maybe a six or a seven let's give it a six and then Entry on the Volume after absorption so we didn't get absorption. Hey, we don't have that order book in here again right, so You know that that we we can't check or we or we can say we don't have it and give it a low score All right, so that's not good and And then let's see here. Let's complete this Okay, so yeah, we're looking we're looking for the for the move here. We're getting our buyers here They're pulling up here. We're looking for it But it's just not as strong as we just went through the whole process here and Some of it was was pretty decent and then you know other parts were not I mean clearly this Of all you master absorption or exhaustion in here that that really hurt hurt the pattern So we're looking for an eight or higher in here and we got a six out of it. All right, so we pass Okay, now look this is just a guide in here Really study these things and use this to to your advantage in here to help you stay out of good bad trades and take good trades I think you can find it, you know really helpful and Now if you let's suppose that You're you're more advanced and you know, you're you're kind of beyond maybe some of these guides You're interested in taking the trade because you're still looking for this to come up here You just reduce your size a lot Okay, if you trade the the e-mini will trade maybe a micro or two instead Okay, and then you know reduce your risk immediately It's just it's a consideration You know because is we don't have all the pieces in here And the best thing to do would just be pass pass on it. All right, so Anyway, yeah, now we had we had the pullback here again and Still looking for it, but just I don't don't like it as much here We have it here. We have the order book here. Let's see if we get our buyers here. We should yep. All right Let's see it buyers Byers actually took those guys on our sellers took those guys on It's still looking for buyer looking for that auction up here though and not getting it All right, so Anyway This is how you can develop it a a plan trading plan And a setup for yourself Okay, check these boxes look for these things in the order flow Okay, so The we're looking for our second impulse move in here now that this after this is the entry part right here After that we're looking for a second impulse move targeting our high liquidity We already put our targets in and then we're looking for an exit After this here Okay, but we don't have enough even here to to take the trade or for the trade setup Okay, we got the order book underneath us here now And then they're still coming in on the offer a bit. We're getting our buyers though And they see the auction up here you can auction up there again. We have likelihood for the extension And can't even get up there All right, let's see here. Oh something else. I wanted to go through the well one more thing on this This little Checklist here. We went over the other day. I think it was Friday. We went through momentum moves and and You know impulse moves in here and jet. It's not it's not for a setup in here. It's just grading the strength of a move and This was I think really good And I recommend that if you're kind of new to trading start with something very very simple here It's good for you know veterans as well To really understand the details in the order flow in your impulse moves Okay, it will really there's so much flexibility that you can do with this large price movement, you know, all right, so We're going over this one in here in this time frame here for that time frame. It wasn't bad Okay, now it's not that good of a move either. It's you know, did it have high volume on it or is the angle steep? Yeah, I mean the angle steep that's for sure. All right, we can give that like a nine What about the relative volume on it? Okay, the Delta? Okay, well the Delta is not bad Relative to other areas in here. It would be great to see it like this the biggest bar, but it's it's not But it's not bad either So we can we can rate that one in here. Maybe like a like a seven or an eight and The consistent strong volume. Okay. Yeah, it was pretty good. I'm pretty consistent Had some selling up here though. We'd like to see it just really strong buying up into high liquidity and then Then we look for the shallow pullback minor pullback and then the continuation here Okay, so our move is is finally working here And but we really didn't we were looking for it to work out in one of these areas in here Okay, and we didn't quite get that it took a took a while For it to work out now it makes sense though because what we're looking for in this in grading this in here We didn't quite get all those pieces Okay, and we're still looking for it to do it but it's it took its time in here and a big seller didn't come in and disrupt the the entire pattern in here and Which which can happen a lot? All right, so what we're getting our follow-through in this move now, too And nice momentum. So our 20 level would be the next target here So let's go through it again in here. All right, and then consistent strong volume See you see how this one has consistent and strong volume here Okay, right into and through high liquidity move away from consolidation target higher liquidity at 20 Smaller moves Study the small moves. Okay. This is an important one studying the small moves within the impulse move like in here Hey, we get the breakout a pause strong breakout Hey a bit of a pullback in here But look at these little areas in here like there's a bit of a you know a bit of a pause in here Not much. It's more of this this liquidity in here But the sellers are able to drop it just a little bit below it in here Right or this area here as a pullback here is not a bad idea Okay, maybe even here And there's our auction buyers should be able to take this to 20 now at this point And a bit more buying. Yeah, there we go There's our 20. All right, so it pulled back to right but here's what we had here And this is why we liked it or you know called that at that moment Because it auctioned up here now not a whole lot but it auctioned up here It came back and started auctioning up here again Looking pretty good. Right. We know the liquidity is here and we're also relying on the stronger move in here Okay, so we had those elements so we'd look for the move into into 20 They came up kind of shy of it pulled back and then finally did it Right now everything's shifted and changed now 20 has been achieved and we're gonna look at What is gonna happen at this point? Now this because we're looking at our higher longer longer time frame here. This is a huge move Just just huge this is one of the biggest candles on the on the daily here and there's still more buying here Anyway, guys, I wanted I wanted to go through. Let me see if there's any more questions and if not then Okay. Yeah, guys, well, please. I guess you probably have reached out to support at book map calm I mean, we don't know what's going on over there but between Schwab and thinkorswim as they transition And move the accounts over there Okay, I believe you have to resubscribe to to book map over there On thinkorswim. Can we can I show the trap trader Jean-Luc? Sure Yeah, and then I also want to go through the This market pulls with the support and resistance again because I think there's some good stuff in here Just still playing around with it to find me to find these things But there was the the trap trading in here, right? And let's just let's get our bigger picture perspective as well. We know we're in uptrend, right? We're looking for the move in here for that potential move higher It's sold off into this level down here and I'm sorry was it Yeah, we were looking forward in here and we didn't quite get it We did get some of it, but yeah, I can't recall what we had discussed here So anyway, we got a move we got the move down in here and then we know that oh, yeah This is what I remember saying like the CVD like this in here was was very different In a look here in the Delta we have the All the selling in here Okay, where we do have this nice impulse move here Right, but all the all of this selling in here Then we went through well, okay Well, if all the selling is in here and the CVD is down quite low, right? So what we look we saw that a you know huge huge move here equal low however more selling and Failing to get that market lower But it's it's this selling in here is the potential trap Okay, and now that's probably a stop run as well It's not interesting Okay, so so we have our selling in here and then this is where we want to note Okay, where? That selling here trying to drive that market lower is gonna have to cover and Then we went through this the scenario in here of like identifying the sellers And then identifying a scenario here if we can get buyers up above Then we're looking for the move up into top of the range or where those sellers came in and the high liquidity in here And we're looking for The yeah to pull away from these sellers here Okay, so we got that and then we started to go through our flag pattern And we started to grade this in here and it just wasn't that great Still looking for this move. Okay, and and we got it but And then we're looking for again this move up into 20 I think at that point, but you can start to look again here for that that strong move That and we started to Identify that like this is better volume in here. This is cleaner under better to understand in here easier to understand Okay, so it traded up into 20 and then we thought Let's see this move is rather done Yeah, okay, so now look at the order flow shift in the change here Okay, can you guys see it? Really starts here Okay So look at the shift and look at the change. This is how reversals take place sellers Buyers over here some back and forth in here Hey, hi liquidity Hi liquidity. Hi liquidity We're at a higher time frame level up at 20 and we can see the shift in the change here Hey, so hi liquidity on the offer All the way down now And then on the bid getting filled on the way down as well. All right, so here's our reversal Hey, here's our buyers our sellers. This is the back and forth now This is you what you call or what Wyckoff calls distribution Hey, this back and forth in here now We're looking for who's winning and we can see the shift in the change here right here And now that has to that is that the the high As well and it a lot of times it that's exactly what it is. You'll see the shift in the change Everything on this side in here is is mostly buying Everything on this side in here is mostly selling All right, so at this point in here We're looking for the sellers to start to come in And then drive it back down to some of the swings in here and All right, and this is how order flow though can can can assist Understanding the shift in the change the beauty here in order flow is you know a lot of other Trading books or people on YouTube They'll talk about they're basically talking about order flow, but they're so far away from it though they'll talk about a candlestick pattern And They won't look at the heat map or they don't have a heat map They won't even they don't even have volume dots They may have volume bars and they may refer to it. They don't even have the best bid and offer But and let's look at a smaller time candle hold on let's look at a one minute Okay, and they'll talk about order flow up here in terms of the candle pattern Right. Here's a doji. Okay. Well, this is a breakout right here It closed back up above it Hey, well, here's some back and forth. Here's it. Here's your doji Hey, here's your swing Retesting back up here. This is where it fails and Then you get this move and close here on the one minute chart. I think this is just ridiculous to Understand I mean the order flows is kind of within here We'll turn on the on the volume and the price action and the liquidity but first off this is a time of one minute a period and The market doesn't care about that whatsoever Right, so you're reading like it's kind of like I don't know What would be the the analogy in here like You're trying to read something Through another device and you're not reading it directly and then you're assuming That because of this candlestick pattern in here that this is a reversal These things fail all the time The order flow though Combined with this will tell you if it's going to fail or not Okay, most likely Right, so for example, let's let's look for that. We're down here where these buyers came in and moved it Okay All right, so now we're gonna look at the volume though because I don't care about the candle. I Care about the volume All right, what's the volume doing down here? And we'll look we'll come back and look at this. I just want to go through it in real time All right, so well, I don't see buyers coming in yet At all All right, so I'm not interested in this at all on the buy side Okay Not until we can get back up above this let's just suppose we're trading candlestick patterns and we see our buyers now we are Okay All right buyers then let's see retest back up here at 17 Is that enough buying in here? Yeah, it's it's pretty good. It's not bad Look at look at the bar the bars down here Right, so now we're just peaking above the last two periods in here and we're still seeing buyers here So we're still getting a bit of a push here Okay, so still looking for up just just up to here That's it 17 top of the range They are our support and resistance is telling us something here, too Okay, so let's turn on now the heat map Right. Okay. Now the heat map tells us a lot let's turn on best bid and offer as well the heat map tells us a lot because We didn't know that previously like why didn't it come up up into 17 immediately? There's liquidity here This is starting to to trade into it here now look at it though It's auctioning up here. They're on the bid and they're starting to pull a little bit on the offer great Well, not only do we think we can go to 17. We might be able to go to 18 and 1850 now Okay on the bid buyers and Let's see now. Where what about candlesticks swing is up here actually 18 and a quarter Hey Hmm. How's that buying up here? Not not too strong Still in play There we go much stronger. Okay That's good Order book is not really following up, but they're they're underneath here at 16 and 16 and a quarter a little bit you can see it And now that pattern is failing Okay, so here we are below the swing and Yeah, coming back down into about 15 Yeah, it was short-lived We were looking for the for the higher move in here because of the the volume and And Yeah, didn't play out now look where it didn't play out the sellers coming in here. Okay, so Again, I would I where I started off on all of this was talking about the Shift in the change in the order flow and then Then the shift in the change Let's take the candles off for just a minute and we'll put them back on Where do we note it here? Okay the shift in that change Okay, it's also in the market structure And now the market structure is the most relatable element to the candles But higher highs higher lows or or the opposite all right, so anyway the There's high liquidity being filled here, which means it is absorbing this the buying pressure And then we have a bit more buying up here, but the sellers come in Bit more buying up here the sellers come back in and move this lower right, so This is where we see the shift in the in the in the selling now There's some selling in here, but it's either still it's still mostly buying And so what so anyway how we start to see that shift now in the order flow All right now if we overlay the candlestick pattern in your candlestick pattern trader Yeah, I would say like somewhere in here looks looks pretty good I would maybe look for a slight pullback in here maybe maybe to about 19 and three quarters or or maybe 20 again, and then I would have missed it All right, but then down here. Yeah, we do get Our selling starting to come back in we get a flip of the order book right in here as well But your candle confirmation is is is this bar here, right? so Yeah, and we would have been looking like somewhere in here probably Boy pretty tricky in here to be honest. There's a lot of back and forth in here In the order flow But anyway, we're looking for that clarity to confirm Whatever patterns you're looking at it's candlestick if it's Volume profile, etc So now we we had to come back down here and we came back up again And then do you see the volume in here on this candle here? This looks pretty good, right? I would look for that move up into 18 now and 18 and 50 Well, let's see where else might it go. Yeah, I like 1850 as the first stop here and Maybe maybe 20s on the radar here Let's look at let's what are we leaning on in here? Not bad. Not bad buying looks pretty good Okay, so we're looking then for a Move a pullback and then a continuation move Maybe because the buying looks pretty good. We're leaning on this buying in here or that continuation move Oh, yeah, something. I wanted to show in here the the order book in in balances here Sellers taking it all the way back down again Okay selling starting to pick up as well Anyway, the order book in balance. So this one here. Let's go through the settings is on the Delta five-minute period of sliding data constant data Half-life period every 10 seconds. It goes retraces half the distance based off of the first four levels or ticks being the most important The next four will be half as important and the next four after that will be half as important as the previous one So this is looking for pretty much the inside market right well, we can add another one in here and and We can look at the let's add that one other one and I'm gonna change the setting in here And we're gonna make it make it. Well, let's make it quite quite a bit bigger 128 No, let's make it 64. So 64 levels in here are the most important Right. There's still five minutes and 10 second half-life But in terms of price levels this first 64 are gonna be the most important All right, so we're gonna look at a much bigger book And we have full depth of market here with rhythmic So let's take a look at that and let's compare and contrast the big book here on the right hand side This the inside book on the on the left side Right now, this is the same idea as you can look at in your dome and we demoed this the other day and For those of you trading the dome You can you can look at your inside book and and I hear on the bid Right and then I hear on the offer Hey, so how does it look? Well, I see on the On the offer or in the bid here, and you know, there's a little bit of depth here and What about the inside? Not bad. Not bad Okay, well, what about on the offer here? Well, they're they're kind of up here at this level here The book is pretty stacked here The the the longer time frame book up here, right? And now now they're showing actually here also With some some size just starting to come in Here it looks like on the on the offer All right, hard hard read right now if there was a bit more on the inside here on On the offer I'd look for it to go lower based off of the dome and Reading the this market pulse tool in here. All right, let's see it. Let's see it sellers Starting to show something Yeah, inside book starting to ramp up Okay, and then we can we can target this 15 level here Right because that's where the liquidity is now. This is how it translates to the heat map right here 15s right here. It's this liquidity 238 And then below that a few ticks 213 and Then 256 here at 14 and the book is still more stacked here on the offer just looking for that inside market now Hey, and now this is just pure order flow reading And we're not looking at the transactions. We're just reading the order book Okay, a bit more. Let's let's see it now. It's starting to starting to show a bit more in here And let's see if we can get now the sellers the aggressors to hit the bid here Still more stacked here on the offer Our market pulse tool is is not showing that actually right now Okay, just waiting waiting for the sellers to come in now See if they can and we're just going off the order flow again But I'm not not reading the transactions in here. Hey now look at look at the book here now And there it goes now it's starting to stack a bit more Okay, now getting very aggressive underneath here in the book the now these are passive orders, but they're very close here Right, so that's what we're reading to the to the best bid and offer and Let's see if these sellers can show up and bring it back down to about 15 Again, they're showing on the offer here Okay sellers, let's see 15. We're still looking for this move down to about 15 Look at the book now, right? I Mean that the order flow is always shifting and changing But we're looking at the stack in here Stacking in here and then how that relates to price movement and believe me it it does orders make up the market it is the Transactions in this context between the orders that make make the difference here I mean with without the orders or order flow. There is no market All right sellers looking over at book map here. We here's a cell cluster now. We're looking for the move down into 15 Okay, so what does the book tell us here? Not much much It's telling us earlier, but now not much Yeah, I would I personally just would rather read the Read the heat map. I find it much easier, but anyway Almost got to 15. Now the book is starting to shift Okay, both both the market polls tools are shifting Okay, we see the the book stack on the bid a bit more Anyway guys Just still playing around with these tools in here If you want free access to them you can get them you go to book map calm And you will have to sign up for the academy Go to the more button here and then under The community here go to book map academy and you can read about this and sign up and basically you document your content and then you can get access to some of these tools as well as the book map Academy meetings and you can also earn And get book map for free As well if you make it up into the academy you start off in the junior academy All right. Thanks everybody for coming We'll we'll look on Friday and see how this plays out, but bigger picture is You know, we're not looking for much really up to this swing up in here the move has been made on that Big candle so if you weren't in it earlier and the easier moves Well now It's likely just going to be pretty pretty choppy for the rest of the day. I I imagine The outside move is beautiful, but the range has been already been established here or reached its Limit or Over his average I should say that So, all right, we'll we'll end it up. Thanks for coming and we'll catch up with you on Friday then All right. Yeah, take care. Bye. Bye