 Good morning traders and welcome to the all markets webinar here with me Bruce I'll be your host mean traders and and we're gonna go through order flow analysis using bookmap for any market that you guys Want to take a look at that we can connect to that includes crypto currencies stocks and futures here in the US so Let's jump in and start to go through it the Disclosures general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involve substantial 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 here now We're gonna look at the SNPE mini and It's a really nice move here just at the morning You can see the cash open here at 930 and the move up And it looks like it's kind of done for now in my opinion Here's why we have high liquidity up here. We have the top of the range here since 630 or before 630 a.m. East Coast time three and a half hours ago And we trade it up into this liquidity here, and we see the sell-off right strong impulse move to the upside and then we see the Profit-taking and sellers starting to enter in In fact a nice little double top pattern up in here. We'll cover that in just a minute I mean really heavy selling here I mean look at the look at the volume look at the dots in here and look at the Flip and the change in the order flow. Okay, you can see it right here in front of us if we draw a line Right down the middle here Okay, look at the shift in the change here Hey, it's it's actually it. Let me know if you guys have any questions on this This is it's important to understand this so anyone in discord or over here in In YouTube We get to the discord chat Just a minute. We've been The competition so we've been other chat rooms, etc here Good morning. Good morning slowdown and Stan and everyone else excellent Great stuff Stan as usual. It's just great to see it's like a every day Like breakfast or something. Yeah, you know you put in these these great Set-ups and trays that you're that you're looking at is spot-on. It's great stuff so Anyway, and you're going over exactly what we're covering in the order flow in these webinars Identifying them and then making decisions upon them So I'll cover this. I will go over your trade a little bit later Okay, so and if I don't remind me and we'll get to it. Okay, so Anyway, look at the I just want to point out this double Double top here and if there's any kind of questions in here now What we've got here on our side and this is We want to understand context in here double tops are meaningless If there's no context We want to understand a double top as a retest back up to the recent high and then a failure And now I'm going to cover this and then we'll get to the bigger picture We can see that what we have here in in several hours of data Hey, we have the move to the downside here at nine Some back and forth in here and then the cash open we have nice momentum in the move to the upside Okay, so I think this is the gap fill as well, but I'll cover that in the bigger picture in just a couple of minutes now when we start to see this just the momentum drive in here is Looking pretty good. We see tons of buyers coming in Lifting this market trading up into high liquidity, but there's still more buying pressure Here we can see even a flag pattern in here And I don't like I mentioned again and again does not matter about double top or flag or whatever It's just a reference. What we care about is the behavior of the traders in the auction It is the order flow that the defines Ultimately these patterns So we have strong move some back and forth in here into this high liquidity and again yet More buyers at a higher high here still looking for next level of liquidity buyers trade through it up into the top of the range here Hey, so and then and then here This is what I wanted to cover bigger picture high liquidity up here above the swing Right, we know that it's here. You can see it right in the in the in the heat map here in book map Hey, we have the move into it does not chew through it Hey, some of these other areas they chewed right through that liquidity. There was still more buying pressure They did not here. We get a pullback or get another retest back up here Okay, and look at the At this high liquidity level up here and top of the range as well. Okay, we need that on our side And then we have another retest back up here and look at the selling coming in. Hey, look at the night and day here difference buyers buyers sellers sellers All right, so We're looking to see what's gonna happen up in here. It rejected It didn't even make a higher high or an equal high It rejected we see the sellers come in. This is where you can start to look for a Move back down into the test of liquidity here or some of the swings the first swing is here And if there is more selling through that swing, and we're still looking for momentum to the downside to the next swing Okay, or next level of liquidity liquidity levels here still more selling pressure So we look for the next swing or liquidity level So now we have the move down. Here's the retest by the buyers again And look at the selling coming in again. So now we're looking for a continuation Into high liquidity. So it's just doing that now, but we're also we're still looking for the move lower into maybe 53 here Okay, we're looking for this continuation pattern in here. So again, this would be like an inverse Or a bear a bear flag pattern strong move pullback strong move momentum into 53 All right, so again, we can do this all day long in here There was a question that someone had answered or asked me in support About identifying reversal patterns identifying Continuation patterns identifying breakout patterns, etc. This is it. This is how you do it Okay, we're still looking. There is no reason yet to look for anything else in this move right now We're still looking for 53 All right, so Anyway, that's what we currently see in the market right now. Let me know if you have any questions, please morning Debra And Rob and a Louise Do we have this kind of content in Spanish language? We absolutely do Eat a bell so Let me show you on our on our calendar Hey, so this is where you can go We're gonna go to bookmap.com Click on the more button here and Then go to the resources here learning center click on that This will take you to the learning center in the learning center. There are courses Videos on getting connected order flow phenomena add-ons. We have two courses. We're gonna add a third shortly Getting started with book map and all the basic functionality and how to use it and read it We have a market mechanics course and then you keep on scrolling down We have all of our streamers in here daily or or weekly and then we have our events calendar here Spanglish trades is today At 1 p.m. Okay, so go to our Spanish YouTube channel I can send you a link to that as well Okay Let's just go there we have many Book map Espanol. This is Spanglish trades Spanish. Anyway, it is Frank that Moreno that is will be hosting the webinar today. Alright, hold on just a minute here I'll get to I'll get you the link directly Yeah, here it is. Okay So I'll put this in the chat for you There you go So that's a and Spanglish trades now. Let's go back to our calendar Okay, so there's a bunch of things going on in here. So Spanglish trades Frank Moreno He'll be on at 1 p.m. Today this afternoon if you scroll down again You'll see that there's also crypto con Alejo at 10 a.m. On Wednesday This is these are all East Coast times, but this calendar will show the times Based off of your computer clock And then and then you'll see Spanglish trades again down here on Friday at 1 p.m. Here All right, so there's three events And yeah, we have a Spanish channel in our discord. All right, so you might want to go there Okay, and let's see what happened here. All right, so we almost got there not quite right 5350 Was where we came to now. This is this is Can be nerve-wracking In here because we had no reason to think why it would not come down to this liquidity here And then it didn't okay and said it came down to the swing here Okay, so what I want to cover here is it's not it's this is not a math equation it's not that it just because we see the the Momentum here is going to go directly to that liquidity many times is that's exactly what it does That's why we target the liquidity We also look at the swings, but we look at the context in here And this is important to understand how to manage these trades Okay, so however it is that you you may want to Use to manage these trades like maybe breaking us another small swing here Okay, and that's where you're out All right, so maybe around this 57 level is where you got out Maybe you took some profit just some at the swing Okay, it depends it depends on the context in here The context in here is well that let's just read the momentum in here not bad I would have looked for 53 to to trade or even just is that 52 and three quarters? And then there were some back and forth and the buyers came in there's nothing else in here I mean that's what happened the context here was that we see the buyers come in and they break the structure And there's just more aggressive buyers. They're lifting it up into higher liquidity on the offer. Okay, and it's transacting All right now We can also let's just read it right now. What do we have up here? We're getting another retest of that swing right now Hey, well, what are the buyers and sellers look like? Well, it's really back and forth to me I see buyers here. I see sellers here see some buyers back coming back in So let's go through a couple scenarios and that's what I mean by the context and then we'll look at the bigger picture All right. We've got to get prepared for that bigger picture. So The context up here would be like if we get More buyers up here more green dots up here. We're looking for the move up into 64 and a quarter Okay, if we don't and we see more red dots start to come in especially down here right here And they're not right. So watch these watch these buyers will probably get another attack up to the swing up here And we're looking for that that scenario now if we don't and we see sellers down here We're looking for the break and we'd be looking for the move back down to this swing Which isn't far away and then the other ones down here Okay, so here come the buyers on the attack back up to here Right now we need to see a couple things. We need to see a lot of aggressive buyers here We'd also like to see the order books skewed and we want to see High liquidity up underneath here. All right. So that's the context. I'm talking about let's see. Do we get our buyers here? Not you nothing convincing yet. Nothing convincing at all And let's get another retest back up here and we'll see This is how you can look at and judge breakouts. Okay, there we go. All right buyers Let's see if you can lift it up into these levels here 64 would be our target Okay, now again, this is not a trade recommendation. This is just an order flow reading and putting these this context together We do see see how it's kind of bluish down here. That is the skew in the order book. It's not very strong Okay, so this trade Although we are still kind of looking for it to come up to 64. It is not high probability All right, so this will help you determine this context and start to understand is it a strong probability or less likely probability Okay, it's starting to shape up a little bit better actually for the pop up into 64 See that look at that skew in the order book here at 60 Now, what's the reaction? Okay, do we get buyers or sellers in here here come buyers and Now let's see the move up into 64 Okay, it doesn't mean That you you know, you should take these trades in here You're looking for this order flow read But as you have to assess the risk and and and how good this actually looks Right because look what it did it popped up here and it didn't hit it yet See sellers come in look at the order flow now Well, it just this liquidity at 60 just traded and look at the offer here They're getting pretty aggressive. They're not aggressors, but their behavior here is they are offering at lower levels Hey, so if we get sellers here and the skew in the order book We'd be looking for the move back down to like 58 or so here All right, this is the context. We're talking about that will help you stay away from less probable trades And look for order flow to give you Additional insight to much higher probability trades And this is something you'll have to take a look at and start to understand in the context All right, yeah, I'll see it's in Spanish those are in Spanish. Oh This there's a Spanish futures channel Absolutely here on our discord channel if you go to our discord channel here So, you know join our discord you'll scroll down and you'll see the Spanish room in here and Here's the English room right for special events and right below that is the Spanish All right, so that's where to go All right guys, so look what look what happened here. We had our skew. We had our sellers We've already traded the 58 and below Okay, and that was the context originally we're looking for this move higher It looked pretty good, and then we had an order flow shift and change It happens all the time And we and we read it and then we're looking for the context down here. We got our sellers Hey, so anyway This is you know the the c-word is I know it can be kind of maddening to a lot of traders about context understanding context But it really is all about the context if these patterns are going to work or fail. It's about the context All right, so I can even demo this With a candlestick chart in a minute, and then we'll take a look at the higher time frame We'll look at also stands trades and his context and what he's doing in there All right, so let's jump out of book map for a second And let's look at some candlestick charts on higher time frames. This is just our trader pro from from rhythmic And this is the daily chart over here All right, we have the move to the downside you can see on the daily chart and We're at a bottom of a pretty big range in here pretty pretty big And this was pretty big down day on Friday And we we went below that in the overnight and now we're back up into the range here Let's look at the hourly in here And in fact, I need to zoom in a bit more Okay, well the hourly is not really helping us too much here Yeah, it just we can see the swings down here in the move and the rejection and the wicks and the move back up It's the 15 minute chart that's gonna help us here Here's our gap in the 15 minute chart. We have two gaps in here. This is also from from September 20th in here, right? Okay, so let's look at less bars in here. Hold on All right, just let me look at less bars Which is fine Okay, here's our gap here Hey, here's where we opened Cash open and you can see nothing but momentum and and and moved higher here filled the gap And now we have our profit taking up here That's our double top Okay, it makes complete sense why We can look for the move up into this area for your gap fill And then that double top to find sellers profit takers, you know gap traders Selling off and then now we want to see though what happens after this So are we going to get more momentum and continuation to the downside or Are we going to come back up here and accept above the gap and then maybe try to attack some of these highs up in here Right in here in here Okay, so that's two to be determined and we right now where our answer is we're finding sellers Okay on this 15 minute chart So we can also Integrate this reading into the higher time frame The hourly is still kind of a nebulous in here is not really telling us too much But the daily we have nice scenario Brewing here of that strong down day on friday bottom of the range and then continuation Okay, typically we do you do see like a bounce down here around these you know ranges these are really um Emotional levels in here You'll see a lot of like Volatility and back and forth a lot of traders on many time frames Are trading around these these levels here? Right, so we might get a we may get a move all the way back up here Uh, you know to uh retest uh that that breakdown However, due to the momentum and we have High here a lower high here And we're just making that lower low It appears that we're going to continue on down lower All right. Well, that's one good scenario here because the momentum on friday this strong move here All right, so we're going to look for that uh as a more likely scenario than uh a retest back up into these ranges here But everyone's going to be looking for that right so Uh, we want to also see like uh what happens in this scenario of coming down to these lows again Trapping lows and then we see a rocketing move back up into the range here Okay, to to really stop people out All right, so we're going to look for those scenarios here in the overflow in book map All right, and then I said we'd look at the uh Uh, I forget exactly what it was but we look at stands trades though. Okay, so just uh, yeah come over here to um Uh, the all markets bruce uh channel. This is where stan posts is uh Uh, some of his content in here. So let's just click on this. Uh, and then uh It's kind of hard to read All right, so we're going to open it up in another browser Which is fine And here we go Ah, just just great great stuff here. I mean here here's you know Look at uh, uh traders, uh, our buyers trade into liquidity and um, Can't lift the price in here. He identified that Here's our exhaustion. This is your a micro kind of double top in here Uh, and or at least really small time frame double top There's our exhaustion. He properly identifies that this is where you can look for Uh, that that trade right here. Here they come again though, but they can't again get higher Okay, so uh back and forth in here Uh, and then he sees the sellers break it. All right, so he's targeting this liquidity down here or this liquidity down here Yep, and then beautiful stuff adding liquidity on the offer here skewing that order book like we were just looking at Okay guys stan is part of the uh book map Uh academy Uh, he's just been bumped up into the book map academy if you guys are interested in that Let me show you where that is uh, it is um You got to go to Well, I can show you it here And I'll put this link into the chat for you. Uh, this is our book map academy program. Uh, this is a pathway Uh to improve your trading It is free and open to all and you can also get book map for free Uh through this program if you qualify So the first step is to apply to the book map academy uh, and um And then you create content if your content is good you will be invited to the book map junior academy Where you'll need to prove yourself You'll create content. Uh, if the content is of quality Uh and consistent And you meet the thresholds Required you'll get to the book map academy And that's where you can get book map for free. Uh, if you double your quota, you can get also the mbo bundle for Uh, and then if you do well there you can uh be invited to be a coach Uh and teach uh, basically give feedback to other book map junior academy members Uh, and then you can become a streamer as well. That would be the next step Uh, we already have three uh book map academy members that are streamers We have tom b We have mobi and we have dug dug plus right, so The program is real. Uh, it is working. Uh, if you're interested in this, let me put this link into the chat and sign up There you go All right, so let's take a look at the next image here Target achieved nice nicely done stan Okay, here's another one looks almost identical to it See, I mean, this is why the documenting your trade trading activity and order flow phenomena in here We're providing this pathway via the academy And and look look how stan has taken advantage of this You know buying conviction buyers, uh tried to get into the liquidity, but couldn't try it again Look at the buying. They're struggling. They're really clawing away at it here. They're buying, but they just can't get there Look out when the sellers come in They break the swing or this this, uh consolidation here that he outlined in uh in orange And and you look for the next level down here Okay, so uh, he's looking for liquidity. He also had looks like he has his um Uh poc down here. It's a great area to take profit Okay, so let's see what happened here Here it is Well, I think it's over here, right that was it you were looking at and Now in here Uh, okay, and you you closed your trade a little oh no below you went it went below here So, uh, anyway, uh guys if you You know, this is a pathway to becoming a better trader if you're interested So, uh, uh, I encourage you, uh, it's free It's open to all it's only it's only going to be helpful You'll become a better trader And you might get both for for free and you can also you have a pathway to becoming a professional trader All right, so we've gone over a higher time frame went over some of stands Uh trading activity and we we covered now in here several patterns Okay, a momentum pattern at the cash open and why And where it might go and then we covered this double top in here And also why? Uh, we have another double top in here This is well triple top basically, but uh, here's that retest that we're looking at right? Uh, and then This we'll go over another example in here and kind of put together multiple time frames in here Hey, because a lot of traders won't be looking at Won't be zooming in to these levels in here. Okay, so we can do this, uh simply by uh Edit these hold on let's look at a couple trend lines and breaks here Now there's a much more aggressive one in here We're gonna add that though. Okay, it's it actually held pretty nicely here. Good morning Yanis All right Okay, so and and this this fits into stands analysis as well So this beautiful double top Failure here and you know, we can look at some measured moves in here as well Um, but uh, yeah, maybe your your your target might be just just down here Uh, we we actually had that flag pattern. We were looking for 53 Uh, it came down pretty close to it, but then it didn't didn't make it Uh, and then we had more and more retest back up here, but look at again Let's look at the context of the move up here Okay, first off we know the liquidity is up here Secondly, look at the volume Okay, so here's our strong move strong volume Here's our strong selling volume Down here. Okay, also in here Right now look how strong this is it's not as strong as previously Right, uh, and then look at this move here Okay, it's not strong at all. It's weak All right, so now we have divergence Also in uh, not only cumulative volume delta down here Uh, but we also have it in the Uh, in the volume here Okay, so you can however you want to slice and dice it. There are many ways to get in Maybe you're looking for a break of the more aggressive trend line. Maybe you're zoomed in more And uh, you're looking for maybe just a break of the swing or You can even be more aggressive when you have these things if you really dialed in Uh, and you can look for this trend line break in here All right, and it kind of broke here, but it really broke here Okay, so now you have your little area of consolidation as well And look at the retest to it. You can even get in there All right, so uh, and you're really looking for that break in here Let me know if you have any questions Hey, good morning, Stephen Okay buyers, uh, given it one more strong strong shot here. Look at this. Uh, look at the buying coming in Okay, well Let's see if they can do it. They've gotten to this swing here The liquidity is at 60 it was at 60 uh several times on the on the bid and now on the offer at 60 Okay, let's see Looking looking for these buyers now to retest the high and then try to get to 60 here Okay, so Yeah, I don't know like uh the ways to look at this here is like you can see a small trend line break in here And you can see that buying coming in And it it didn't make it right so let's let's just go through a couple scenarios here if I took that I would have been stopped out at break even and I'd also be looking for I would I have a hard time with it But I look for the opposite scenario in here. That's why it's best to go through both scenarios first and have no bias in here You're looking for one thing or the other Okay to play out here and you go through the scenarios due to the order flow in here Okay, we still might get one more retest back up here by the buyers Okay, well, this is still holding this trend Uh, and let's see if we get uh some buyers off of it Okay, I don't see too much in the order book here a little bit Uh for maybe move back up to 57 In a quarter Okay, so this would be the attack back up to here Uh the swing I mean the liquidity is first stop here. They need to get power through that Okay, now let's go through the opposite scenario. We're looking for our sellers right around this area here 55 and a quarter Okay, there they go. Okay sellers. Let's see you take it down then now that this is the second scenario Okay, our first scenario was the buyers coming up into here Second scenario is the sellers starting to come in and it looks like uh, This is kind of convoluted in here Do you have some pretty strong going it came in right after that right back to so we're basically in this range in here Basically is what I'm trying to say And we're looking for a break of it one way or another Okay, we broke the trend line All right, so let's see if So then there's here's our test to the top of the little this little range in here Let's see if we can get our sellers in here No Not yet We're buying Not much though This let's really zoom in here Hey Okay, they hit the uh 57 and a quarter Not much in the order book here some exhaustion there on this on the uh buy side Not much in the order book helping us here Hey, there's our sellers Okay, I want to see one more retest here. I don't trust just this selling here I want to see one more retest and I want to see there they go Okay, let's see it sellers. Let's see if you can take it down here to 54 and a quarter 54 and a half Uh and then maybe uh 53 and a half One more retest more selling should be able to get the break here at this point There's our exhaustion sell side 54 and a half should should hit it here Again, not a trade recommendation. We're just reading this here And we have our reasons why Okay, that we didn't get buyers up here on these retests. We saw the sellers. We were looking for here Here's our exhaustion now. We're looking for the sellers to take it down All right, so just a management in here on this on this trade idea Is up in here if you you know, if you're looking for selling in in these areas in here, you'd take your stop at break even Hey, don't let this go against you. This should this is why we're looking for this to work now It should work now And we got buyers that came in here and lifted it back up Hey, we had our reasons though And we just look for the next one Okay, there's exhaustion exhaustion. Do we get sellers down here? Nope, we're getting our buyers in here Okay, so we didn't have to take that added risk in here Okay, more buyers again Another thing that looking in these ranges in here Uh, I want to mention in here is uh looking for traps Okay, we've talked about this many many times Uh, but this can be really, uh Really helpful Especially on kind of back and forth days We're looking for where traders are going to be trapped If these buyers are going to be trapped They watch the sellers try to move it against them and stop them out Okay, now look at these sellers here. They're they're potentially trapped now Watch the buyers try to move it back up into here Okay, or are you in top of the range? So we want to identify when they're not trapped And we'll take a look for that. Okay, here come our sellers Yeah, I this could still be a trap here Uh potentially All right, here's how like uh identifying like We've talked about this for for quite a few years to be honest Uh, this is what I want to cover though, uh is understanding the, um Where the trap traders are uh In in again in context in here Let me let me explain um Like in in this strong move in here, we're going to go have to go back And take a look here. We see it all the time and we've talked about it in terms of who's in control in a move Okay, so in this move in here, there's no question buyers are in control in this time frame We do not see sellers that have come back down and retested these areas here In this time frame Okay from 1032 onwards Okay, so we need to see this Uh down here sellers down here to take these guys on and trade through them All right, so So basically we are bullish in this whole area in here Hey at these lows you're basically bullish In this time frame Right, so we're trying to trying to keep it simple here. Uh, we'll just stay with this this time frame only for now Right, so in here Buyers remain in control Okay, so now we can look for sellers to come in and try to take these buyers on and if they can power through this area down here on heavy selling look out Because what that means then Is that all of these buyers in here are potentially trapped? And we can get that a nice move to the downside really nice Okay, look for these traps look for where Traders are going to be compelled to act They will have to sell they will have to buy That's one of the most powerful things to move the market They see see all like this is really good trap up here even on this small time frame in here Look, I'm looking for this very This looks higher probability to me If we can get an order book and balance in here We just need that order book and balance look at that selling in here Right, so we need to see the the the follow through of the sellers here else These guys are going to be trapped and watch for the move up into like 60 Okay, so we have to be really careful in these little areas in here and understand who's who's trapped Hey, there's a lot of trap buyers in here Um, we have we have really nice now see this guy's at 54 has got to get out of the way there There's our sellers. Okay sellers now This is we got to be really careful here with the sellers because if we get buyers back up above 55 and a half look out Then you can go with that trade to the upside Right slowdown has done some really nice work Uh, um looking at this in here As a white cough spring Okay, so that's what's playing out actually Okay, so uh, uh, look at the buyers coming now. They're not finished yet at all Uh, we're going to get a move above the the range here this time I imagine because we have fuel That's going to propel this higher and we should see a stop run here Okay, so, uh, we have stops and icebergs here and we and indeed we are seeing that right now Okay, I'm still looking for it to continue here There's no one trap. There's no buyers trapped in here at this point So buyers take can take this higher up into 60 Okay, it's it's kind of a careful thing that you know, you have to pay attention to and watch uh, and look for these traps and It can be it can be tricky Uh, who's trapped who's not? Okay, all we did we did break this but all we did was get to the this swing high here We have more sellers coming back in Okay, they're they're still in control though these buyers Okay from this now this time frame here It's here where they they remain in control there. They are being tested by the sellers here Okay, there's some exhaustion on the sell side the buyers are coming back in Let's see if we can get an order book Uh, uh underneath us here we get our buyers here. That's good Just want to see an order book and balance here to really help uh Lean on that and rely on that Low volume pullback absolutely abby absolutely That's another thing to look for low volume Right, but it's also know where the buyers and sellers are who's trapped who's not Right many many times what we've seen is Um, we're looking for a breakout when we see all sorts of buying like up in here, let's say And they then they can't make it and the this buying is very weak in here Right, so you can't it's not momentum here, right? This is good momentum. Okay. This is pretty good I'm looking for continuation here Okay, we want to see power Uh in the volume Uh strong move strong angle um You know the order book supporting it And then we can look for this kind of flag pattern in here of just like this is a strong move Uh a bit of a pullback or a break and then a followed by another strong move Still more momentum in this Okay, look for these things and look for these confluences in the order flow to help Okay, back up. Let's see it buyers. Let's see if you got it still Hey, here they go Now we should get our move Looking for the move up into 60 61 We have point of control here at 57 or certainly Yeah, that's point of control See this is a this is another thing in here. We are above the point of control. That's bullish That's good Hey, we and what we're looking for though is is in the point of control, especially this is one thing that is kind of muting this move in here Is all of this volume traded in here Hey, so it's more of The point is this To break away from consolidation areas And we need to have Really strong, uh Reaction Hey, this is pretty good. This looks even better and And it's consistent. It's it's a stronger move, etc But we got to tear away from this whole volume area in here Okay, and that's going to take a lot of a lot of, uh, um lifting by the buyers think of it like I think of it at least like a A rocket trying to escape, you know gravity It needs a tremendous amount of power And that's what we're going to look for in volume To move it away And if it can't do it, then this is this is what happens The sellers will come back in here. Okay, so now they're testing the bottom of the range in here All right, so that that's the one kind of caveat or takeaway and and it's unfortunate because Let's suppose the point of control was down here This would have been probably up to 64 than I imagine You know, we can't get away from all of this traded volume in here right now All right, there's another confluence to take a look at All right. Uh, anyway, that's unfortunate. It was it was nicely set up here for that continuation move Uh, it can't rip away from this area in here. All right. Let's just clear this kind of getting a mess here All right, let's look at our bigger picture again because I don't want to miss this This might be the bigger move we're looking for Yeah Okay, so higher time frame now, uh since 915 Hey, look at the selling coming in now. And now is this enough Is this enough to to to break it? It's looking pretty good. Look at this is this is a strong move in here on that sell side Hey, so our buy side thing didn't work out, but again context in here Testing this trend line And also where those buyers came in in control is down in here So I would love to see the sellers come in here now Okay, we might get one more move back to point of control here Okay back to test these these uh sellers here. Do they do they really mean business in here? Or are they able to get price to go? and Except lower here god, I would love to see this break though Our scenario is in here. I'm looking for the sellers right here at 30 Or 52 and a half And then yeah, I would I would like to you know, trade it down into uh 50 and 49 Okay, anyway, no bias though. I'm gonna look for either scenario here Okay, enough buyers to trade up to here And you can look for those big green dots or our sellers here Following this momentum leaning on it leaning on the order book. Look at the order book. Okay, we have our Uh kind of skew here. So I like it. I'm still leaning on the sell side here And the break of the trend line There's our exhaustion Exhaustion again looking for sellers here. There they go. Okay sellers. You got it. You've you've got the move Let's see it Okay, looking for 50 and 49 maybe maybe 48 We can look for a measured move Well, something like this And I'm only doing measured moves because uh There are reasons for it order flow reasons for it Okay, yeah match matches up with our 48 level Now also volume profile wise Okay, high volume nodes up here And we know we know that most volume traded in this area here It from here to here Okay for the day so We're away from that area. However, let's look at our profile in here There's a lot of volume that traded down here already So it's not too much of a stretch if we get enough sellers in here to start to fill out these areas in here Okay, now this scenario to the sell side another thing that I really like about it is it fits Our bigger time frame picture here of looking for sellers To hit the bottom of the ranges here and then trade back down to the lows Because of that strong momentum move on friday So you can see how fractal this is We look at the higher time frames in here and understand the order flow within this higher time frame We got our gap fill we're looking for Our our sellers now in this scenario on these time frames and it's starting to align with that picture So we're looking for the move lower right, so I know it sounds like You know we're buyers or sellers like but we're going over many time frames in here It depends on the time frame that you're trading And we started this move off here by looking and saying like we're stepping back and looking at a little bit higher time frame And what that scenario looks like Okay All right, so we traded to 350 Now depending on that you could take some profit at that liquidity Hey, or you can hold You can hold until when Structure breaks on volume It's not breaking yet Here's a trend line and here's our swing right has not broken yet I know any questions on this is this do you find it helpful? Really trying to break down What's happening in the market via the auction participants? Also, we went over trap trading quite a bit trap traders Okay, Aaron excellent Yeah, let let's let me cover that about the trap traders again. So hopefully this can sink in I know it can be kind of confusing um You got that short too excellent excellent Yeah, I mean, you know, there's still it didn't break that structure yet It's tested it a couple times, but it hasn't broken it yet And so and then we got some some potential buyers up here trapped and I want to see them squeezed to the downside here 1050 LG. Yeah. Yeah. No, this is this is nice. Yeah. I mean we were looking for that move higher at that point and then in here It started a line with that higher time frame that we were talked about but Yeah, and oh, yeah, we talked about the volume profile in here It can't rip away from it. All right all that volume traded within that area That's really important to understand Right They can it's it's consolidation areas and then the ripping away from that on very strong volume Not ripping into it You know that that's uh, that's the difference Right. So basically this is a range bound trade in fact up here look look great for that continuation Once they get through I mean we've talked about this many times over not not today I didn't mention it today, but once you can get through point of control on that strong volume You can look for these moves So, yeah, we're almost down to we're down to 49 Almost down to our 48 level. It's grinding down there. It has not been a smooth Down there. Okay. Well, we're just getting there goes 29 875 40 850 Yeah, I would love to see it coming down here as well. Uh 43 40 Yeah Debra, that's okay as long as you understand first on I would suggest this understand the context and you do conceptually Hey, I really would I recommend that the next step would be to uh Start to mark them up Okay, uh, and um here here like we showed uh stands examples. Here's one from uh slowdown just now Hey, his work is is just uh excellent. Um, so it's exemplary. Here's the spring He identified it in here Hey, he saw the buy Uh, and he targeted the top of the range in here a beautiful stuff Yeah, just just really really nice very clear Very clean. He didn't get this move here. Uh, this was another market here. Um So this is the um All right, what is it? This is the um the nq here. Yeah Okay, so here it is in uh kind of a A diagram format understanding wyckhoff spring. It's basically a you know A rejection of the breakdown here back into the range look for that You know buying and these people are going to feel the pain on the way up And and here it is related right here. I mean it is picture almost even lines up With this with the diagram Okay, here's your buying coming in look at the strong buying in here So, uh first one top of the range beautiful deep pullback Uh, and it looks like you know still remained in it still looking for the higher high Which it did do but then it then it failed Okay, it came back up into here and then it I think it failed This nasdaq though, so I'm not sure So, um debra. Um, yeah go through and identify Uh these things Then once you've identified them that means that you've understood them conceptually And now you've seen them in real uh, well in book map Okay, now you're going to go look at them in real time All right, and then go through the scenarios like we're doing in these webinars Okay, and then once you've got that then work on your trading Okay, looking for these scenarios to work out and if it doesn't work out You protect yourself If it if it does work out, you know where to take your profits Uh, just like this just just like this in here Okay, uh and uh stan as well Hey, I mean it's like it's it's uh A picture of perfect stuff in here, you know, he's identifying where uh, and uh You know why there's liquidity there Yeah, this is a beautiful little spring right in here. Just just beautiful Here's a strong move now even the spring will work within uh, uh the because this is your consolidation Arrange in your your high volume area here They wish is value Um, you know, here's the test outside of that big value area right in here and the rejection I look for the other side of the range. I'd look for the range here to be honest not the I don't know Probably take some off at the top of this little range Uh, and uh, certainly at least at the top of this range and I would look like I said, I was looking for the continuation I'll back up into these areas here. All right So anyway, um Yeah, I think that's a good a good path. Um, uh debra to uh And I I keep on using debra as a as an example Uh, but to keep it really simple Uh mark up your charts and if you're marking up your charts, you might as well go for the book map academy Uh, because that's what you're going to be doing anyway Uh, so it might even help you, you know be a little bit more disciplined to Do that every day uh, and then uh Identify them so you know what they look like and you you know what you're looking for All right, and then once you see it Uh, then you you can go through the scenarios on how you might Uh react to it and also how you react to it if it fails So now this is turning into a reversal pattern now Okay, so we're looking for a 48 Okay, it it it traded it traded down to it and went just below it here by a tick But this is turning into reversal pattern Okay, and we can talk about Um, uh, this kind of see how the order flow shifts and changes here Okay, so you look for pullbacks now in continuation Here's your pullback back up to the top here and let's see if we can even get to 54 now Maybe even back to point of control And now this is a small time frame Uh, you know potential reversal now we We got to cover the opposite here, but like we just see it all the time in here because I don't I don't really trust it here This as a as a reversal Um, the volume starting to look pretty good on that buy side. That's for sure Right, so maybe move back up into where it can trade like in in these previous value areas Uh, this is a move back into it Uh, I still like our higher time frame idea here going with uh These these ideas in here Um on the daily in our 15 minute Okay, so uh the opposite or the if we do not get this continuation on the second leg here So here's leg one pullback leg two, right if we get This like a double top in here And then we start to get selling down here. That's when we look for the continuation Of the uh of the downside move Right, we see it all the time. This is it it just can't make that second leg Uh higher Right and it's possible that it's setting up right now. Here's exhaustion. Here's sellers. I this You know, it's it's not It doesn't look that good um But uh, I mean it is It is here. It's in the charts and it's a possible scenario So if it doesn't look that good then You know don't trade it Because we don't know like you you We we talked about this What we what we are what we want to do is lean on behavior of other traders Uh, and this is not much to lean on right now. Okay, so uh, uh We're we're you know, we're just watching you can still identify these things and uh Uh and watch Yeah, you're looking for this pain spike up into 56 and then uh, and then the drop. Yeah Yeah, yeah, it looks pretty good back up to here Back up to your high volume note when you control Okay, anyway, I mean uh, it now it's painfully clear that this This little double top here We were set up here like, you know, it could right here right here Is where we could get those sellers and and this uh, this fails We didn't we we came back up and we got more buyers in here, right? So We're gonna get that continuation here Oh, wow, that's a that's a nice one there all the way up to 60 Now that's gonna be a huge huge stop run and it is Yeah, it's just enormous here um, that is uh from what? 720 on up to so about 700 got stopped out in here And as Aaron identified that this this, you know, everyone's feeling the pain on that that's shorting in here Okay, well we we we did recognize the potential reversal pattern in here What I wanted to cover was like Can you see it? Remember how we looked at that double top? Well, you can see it in here too with it with this um I don't know if it's a head and shoulders in here in here, but you it's just kind of a rounded bottom in here Uh and look at the shift in the change here okay so Sellers and is grinding right into 48 And then look at the shift in here Buyers, where are the sellers? Where are the where is this selling in here? Look at the bars Look at the dots. Look at the colors and look at the price movement Okay, so there's your context again I liquidity filled at 48 Uh and then a little bit of a book skew in here They're pulling on the offer and we see the volume shift over and break structure Okay in here. We're still a little uh Tentative about uh direction And we see the strong volume come in again and then we get a lot more than we bargained for here It came up to we were just thinking in 56 57 56 Yeah, it it flipped exactly exactly and you know look if you if you look back on this like Um It was actually I in my opinion. I think it was good. We were zoomed in here Uh because we saw it Uh if I look at on this time frame it looks kind of confusing to me Uh to be honest. Yeah, we traded into this high liquidity down here It's it's the buyers that came in here, but you at this time frame you wouldn't really Uh have seen that rounded bottom that flip you wouldn't have seen it As as clearly uh, you can see there's some divergence in the volume in here, but uh Yeah, it was a little bit clearer zoomed in strong selling now. I don't know I I still see buyers, you know in control uh, and uh This was very very strong move, but we know that a lot of stops in here Okay, so uh, yeah Buying at the top edge strong buying right Now if if the buyers are up here It's probably a big iceberg in here, but um, it's got to be it's got to be an iceberg in there Now somewhat not that big Uh, but to me it looks like buyers want to break out and and trade up into 64 All right. I don't see anything in in here Telling us differently right now Okay, I'm looking for the spike right now and not yet now now we should get it. Let's see it and There's our buyers Should be able to do this That's enough buying pressure I don't see an iceberg and again Okay, we do have the order book not on our side here So that's something to be to be watchful here Okay, so no didn't didn't unfold It's looking pretty good. I don't know what stopped it up here. Um There really wasn't high liquidity in here We saw a pretty good buying. Okay. Well, we can still get a retest back up here Buyers from this point on still remain in control Now watch we can look for this here if we get strong buying above that selling here Okay, that's what we're going to look for here Okay, if we do uh 62 to 64 looks pretty good Okay, again selling in here Okay, now now they can get upended. Okay, again notice how we're looking at in here Uh, Fausto talked about this the other day about trap trend and tradeable, but that that was for stocks Uh, but looking for those traps is is can really this is something Debra as well like to lean on We look for that trap Because those sellers or buyers they they will You know, they'll have to trade And and that's that's the best scenario basically is when they're compelled Right, and we're looking for a stop run. We haven't gotten it yet because we have the stops in icebergs We know what stop runs look like in here. We're looking for it though. They're feeling the pain in here No question about it Okay, one more push and we should see your stop run Okay, and then we can look at the flip side too, you know What the buyer is still remaining in control but what if We get sellers down below 61 and a quarter Okay, then all of these buyers in here. They're going to feel the pain on the move down There's our move beautiful stop run. That's what we're looking for And into liquidity high liquidity here here and here All right, so now Can we let's let's clear our drawings for a second and go through a new scenario in here order flow scenario All right, so we trade it up into this high liquidity. It's got filled all the way up Hey, we're at the top, uh, you know high of the day here Uh, here's what we're looking for in a possible scenario Is trading back down here. Let's just look for a trade back down there There's our exhaustion looking for sellers here looking for the move back down right now Hey, this is quick Okay, but to test these guys And then it's actually here. We make it a range. That's fine around 63 to 63 and a half And and then we're looking for an outside in move Okay, instead of our inside out Our outside in would be outside of the range in here thinly traded up here And then sellers in here trapping anyone buying in here Okay, and then we can look for the move Back down Hey, we're not we just see what happened. We saw happen in here. We got a huge iceberg in here Um, and a stop run as well Okay, so that that did not unfold So what what what does this mean in here? Well, you know, we have, um We have some larger players in here making us making a stand in here That was like 1500 icebergs And they're trying to get this to accept higher. Okay, this is forcing it higher. This is pretty toxic or flow in here Hey now again the same scenario is on on our our present here though So we have our Our toxic move in here with uh icebergs behind it Uh, we are accepting higher, but are we really accepting higher on strong volume? Or is it just one player or players a handful of players that moved it up here kind of artificially All right, so there's going to be and you can see it here in the volume Profile as well. So we're looking for another scenario in here We're looking for our sellers yet again down here Okay, and to trade it back down into here And also here Okay back down into like 65 and a half and 63 and a half It to fill this vacuum in here created by this Okay, so We're looking for it. Uh, it's still not unfolding. We're still seeing this behavior to try to push this higher This might be news as well might might I might be uh, I don't I don't know if anyone's got their news feeds up No, it's not really a spoof Um, a spoof is something very different. Um, uh, Aaron the spoof would be Uh in the order book Right, and I don't see any spoofing in here. I just see aggressor behavior And here's our iceberg right here Right in here. All right. Let's we'll take a look here though spoof. Um spoof would be something like, um We've seen a lot of spoofing, uh recently In the es as well Maybe I can show it in gold I'm looking for a classic one and it might I might not get it Especially when you when you can notice the large lot. Yeah, see this is a little different You can load notice our large lot tracker in here. Um, and, uh Basically, let's go back to the es and and I'll go over the concept in here Spoof would be like this high liquidity in here that has no intent to trade Okay, we do have our large lot tracker here one two three four five levels here of high liquidity now They haven't moved. I mean they haven't really gotten filled in here Uh at all So do they have the intent to trade or do they have the intent to just show an imbalance here in the auction? That there's a lot of supply up here and no one's willing to trade With it. No one wants to trade at these higher highs Uh, and they don't want to run into these larger players up here Uh that have a ton of supply so, you know That that would be more of a spoof And now this is it's legit until It comes up here and trades into it and they pull They which they are starting to do a little bit typically you what you see in your spoof is um, You know, you get a very very high liquidity A block of it that would be layering not just one layer not just one price level, but it would be several Uh, and it would look kind of like um Like this it would be a block of orders in here and it would all you a lot of times They all come in at the same time and they all cancel at the same time as well Okay, so look for that kind of behavior. Uh, Aaron is as a pretty pretty good spoof That's another, you know, a beautiful thing in book map. It's all recorded in here. So you will see it Yeah, I like the the concept for the short too because there's there's a lot of vacuum in here Right, you can even see it in here in the profile It's just very thinly traded and it was pushed up by, you know, some pretty You know big moves in here. This is a really toxic move in here, uh, and you know, it was some larger You know player behaviors what it looks like to me With the massive iceberg as well like, you know capping it off up here at the top And they're buying too Okay, let's take a look at our higher time frame. Where are we? Well, this is what we broke. We broke this this, uh 64 level here. So we were looking for the move lower Again these little ranges in here. Well, they're pretty big ranges. Um These there's a lot of nervous order flow around these areas in here So let's take we'll take a look back at 64 in here And book map and let's let's take a look where that this breakout happened Here's our 64 level right here. So this is where the breakout happened Okay, so uh, and a lot of stops triggered no doubt Uh, and then the larger player behavior in here Uh, moving that market up higher I mean then this is fact. I mean you know, this is you know a larger player, uh that Is able to uh start to push this and get a big stop run to cascade And then also we have this Very large iceberg up here On the bid And they got filled All right, so that's just fact So we know where they are No news that you see. Thank you Noah Yeah, it could be just uh kind of You know this This 64 level in here now. We've come up to this little swing here. See this little candle on the 15 minute So I like Aaron's idea of like spiking above it and then rejecting and then coming back down and retesting 64 Okay, so that would be the scenario to look at and let's let's look in the order flow here All right, let's cover a few things that we talked about identifying trap traders potentially Find in here here Also in here Hey, where would they be out of control below here? Okay, especially below here. No question. That's the bottom of the range though All right, so let's see if we can get this then Okay, we'll look for it. So we're looking to see Uh, who's trapped and where okay, we know where the buyers might be trapped. What about the sellers? Uh, maybe a few in here And maybe a few down in here All right, they've already gotten kind of squeezed though All right, so now because of that I'm I'm looking for our sellers in here. That's the scenario in here Just one I'm going to go through just one scenario in here not the opposite and then we'll wrap it up Okay, guys if you like this, please hit the like button And uh, we'll go over more of this kind of content All right, so we're looking for our sellers here at 69 and a half Got an order book on our side here All right sellers let's hit it Looking for that and then the move back down into about 68 and a half or so bottom of the range No Not yet Okay, still holds true though even even better still holds true See the buying in here Okay, we can even you can even trade it down to it now. I know that's only a few ticks But we've talked about this concept many times Like right in here this little this little tiny range in here Sellers at the bottom of it here at 70 and a half there. They are all right So let's see if they can move it down now. There you go Now we're looking for the now we're getting sellers down here. So you could have You know, you have to be pretty quick, but you'd go through that scenario Of these guys in here and then sellers in here to trade it back down here And then we're looking for the bigger trade to take it down further All right, and then What we can look for is all of that buying in here having to cover Okay, so if that is the case, where might they Have to have to buy back Uh, oh, I mean, so I'm sorry. I have to sell Okay, probably threw out this whole range Uh and back down into uh 66 or so All right, so looking pretty good So far That maybe 65 Now again to to if you really want to reduce your risk on this now, you're gonna, you know, uh It's is higher probability But take take some off of the bottom of the range in here Because you never we never know Right might might come up here might spike one more time back up and then it might fail It's still holding true that it is still looking pretty good to drop and to break down here And we have you're leaning on certain things in here that we talked about Okay, we we saw a higher time frame Spike above this little swing right here on this candle And then we noted that this move in here was a lot of stops being triggered and and a toxic move in there as well And then we're looking for Up in this range in here. We've got our high liquidity field We're identifying the trapped potentially trapped Buyers and we're looking for the squeeze by this all side Okay, and then we can lean on these things again Debra look look for these things in here uh to put your plan together and start to like, you know grade them As well, how good do they look? How many are there? Where might it go? And that you can put together in Your um Your images right arc up your images So, uh, anyway And if and if you're gonna do it you might you might as well just join that that bookmap academy Since you know start to create a record for yourself and uh, you might Um Um Yeah, you can work your way up through it through bookmap junior academy academy coach streamer Put the link back in here There we go All right, there's our measured move into that liquidity down here. I would have taken some profit um For sure I like to to take my my profits on my moves. I mean like You know trying to look for easy singles and get out and look for another easy single Make sense All right guys, let's let's wrap it up here hit the like button, please. Uh, and uh Uh, we'll see you. Uh, I don't know if I'll be able to make it tomorrow or not Uh, it's kind of up in the air. Um Look for it on the calendar. Uh, I might have to cancel tomorrow's webinar But then I would be back on friday, right? So I got it. I have a very tough week ahead So, uh, just just to let you guys know Anyway, continue mark up your charts. Look for these things go through your scenarios in here And then look how you might want to manage them Right. So once one step at a time though, uh, and uh, yeah, this is uh Uh, still looking for the move back down to test where these uh, these other players came in and move that market And so our 64 level is kind of uh What we want to understand now We don't know if it's going to get there this this player that that moved it away here They might defend the heck out of it down here Right and watch for it watch for their behavior. I don't think I don't think they're done uh, but We don't know So anyway Reduce your risk and and uh control it through the process. Thanks everybody for coming and we'll catch up with you on Maybe tuesday, uh, or friday there. Okay. Yep. Take care. Bye