 All right. Good morning traders. Welcome to the book map all markets webinar. This is Bruce at book map we hold this Webinar every Monday Tuesday and Friday at 10 a.m. so We're going through all markets and so I'm I mean the Education here at book now going through all markets and and so This is why we're going through the all of the markets here. It is a foundation So that we have many other traders that learn order flow or understand the the fundamentals here In book map and then can take it with their strategies and take it much further And let me let me show you what I mean here. So in our learning center if you go to book map calm And then if you click on the more button up here and you go to the learning center the You can come here for getting connected videos We have two courses here getting started and market mechanics course. We will have another one on setups here Coming up in the next month or so And then we have all of these streamers in here. This is what I want to show Every day we have a full packed schedule here. So I scroll down a little bit further and you'll see what I mean Here is Monday here Earlier we had Charles excellent trader volume profile trader pirate traders here Then all Marcus webinar right now then Right after that we have Paco with Brazilian futures excellent trader as well It is in Brazilian Portuguese and then Tom B from the traders lab going over Again volume profile like Charles and then we have options with Doug At 1 30 and then at 2 30 into the close. We have the Alago boys So that's just the lineup for Monday. You can see every day. We have a jam-pack schedule here All right, so we have many many different traders come to these Webinars on YouTube some of them are not offered there. You'll have to come to our discord channel To get more out of it. All right, so I just want to go through that We have quite a variety of different styles and different markets And this is more of a foundation of understanding all markets So ask any questions we can look at any symbols you want and we can cover any China type of trade setups that you want You can reach me at Bruce at book map on our discord or my Twitter handle our x whatever it is now At flow order. All right, let's go through disclosures and jump in here general disclosure All book map limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involved substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump in we're gonna look at the ES. This is what everyone typically wants us to take a look at So we start there. Let me know if you want to look at anything else Good morning over in YouTube BBM You're waiting on the sign of credentials for your rhythmic CME. Oh, okay. No, I'm just if you already if you just purchased this morning from the bookmap marketplace Rhythmic data Yeah, it takes a little bit, but just hit hit up support and they'll they'll they'll tell you What's going on? All right. Good morning, Jack. Thanks for thanks for coming and karma FX All right, let's jump in let's get started here And let's start with a bigger picture. All right, then we're going to zoom into the order flow here The bigger picture is important here to what's always important. It's a critical part of understanding What's going on in the order flow? In fact, we have a kind of an odd way of looking at it. I Just believe in it Fundamentally like if what you're looking at here in book map if we go down to sub second levels and Understand order flow and volume and the order book in here and you can look for certain scenarios to unfold due to imbalances In the order flow or the behavior of traders to give us direction in a certain way understanding all of this in the market mechanics can translate into the higher time frames like the daily monthly weekly hourly here in the middle and then the 15 minute here on the right. All right. So the same concepts and Let's go over the daily here. We'll start with that. All right. So what's going on here in the daily? and It's a tough one to ascertain today because look at the move on Friday and This this move up above into very very high liquidity here I'm sorry this move a very high volume and High enough at least High volume was actually a day before but we're at but the highs of the of this range here. So Like on this day here, we had to be very careful That it it gapped up and opened to the upside here And then it came back down and through that area now. There was some fun fundamental news from Japan That also caused this this move, but we saw the reaction the day after It's followed by strong buying and again this one here now. We kind of you know kind of gapped up We went above the previous swing high here Around 46 whatever it was 15 or so and then we're back in the range here Okay, so that's what the daily is showing us right now And it we don't really know what's going on in here We don't really see too much. We do know and it's fact That we're up here and we are trading and transacting up here That's a very bullish sign Right, we're back in the range now though And we see the move to the downside and we're right now in the middle here It's a bit of a green candle that can change at any minute here. All right, so We're bullish. We see this here if we get more momentum to the upside great Let's just move on to the hourly and we can see here what's going on. All right We can see the this move up Above this swing here and then the failure right back down So the hourly is kind of all over the place. We see that this failed up here above the swing high right back in the middle here and and Still between or above these wicks down here around 4,600 so that's still still looking pretty good Now what about the 15 minute chart? All right, so we see the gap here the gap up the retest of that gap And then you see the buyers come in now. I'm sorry. That's not today. Here's today. I It did gap up, but we did fill the gap We went below the gap into these wicks here from Friday Okay, so this is still bullish here. Okay, it didn't go down to the lows in these areas in here Right, so now we have kind of a bullish slant here, but we did pull back. We did fill the gap and then some And now we're back up here again, right? So if we're looking for more buyers then in here we're looking for this 4612 area and this recent swing high here to transact and then possibly break and then come back up into maybe 4616 to 4618 or 19 right so there's a few scenarios to go through on on the bullish side Bearish side we come up here we fail up here at this Recent swing high and we see sellers come in and then we start to target these lower These wicks down here and then down into these previous day wicks down and test the figure at 4600 All right, so that's a few different scenarios to go through on the higher time frame. All right, so here we go and Looking at the S&P Right now and here we are trading up into this previous swing looks pretty good for the continuation here up into 12 And let's see if they can really start to step it up And we look for the move up into maybe this kind of 14 or 15 liquidity up here It's 12 and a half has to trade first and that's what we were just looking at on the 15-minute candlestick chart. All right, so Yeah, let's let's take a look at this move compared to this move to the downside Okay, so far actually the Move to the downside is a lot more Powerful a lot more right, so we can see a lot more volume in here on the sell side Right, so the sellers are in control from this time period onward And that's just You know what we see in here with the speed of the moves The order flow is also helping but also the transactions a within the moves here And so this is more like a low volume pullback at this point right now Right, so then we're gonna go through the other scenario like You know, we're not gonna come up into 12. We're not gonna come up into 15 We're gonna look for exhaustion here on this move up into this previous swing. Okay We're gonna look for a lack of buying in here We're not gonna look for green dots. We're gonna look for nothing and then we're gonna look for red dots maybe down around here around 11 and a half and We want to see the the book also shift and change right now. It's bullish here They're they're bidding up here. They're pulling here And we got we just got a little bit of a buying coming in here. Okay, so this is actually bullish So we're still kind of sticking with our first scenario Maybe this move up into like 15 or so. Okay, 12 and a half transacted and they pulled actually right there All right, so just you know going through these scenarios rather quickly But we're gonna look at the behavior in here of the traders to tell us Which direction the market wants to go? Hey, so yeah, pretty pretty wicked little move. Well, not so wicked, but We see the move up and then no follow-through Even though the order book is supporting it here and we did have the buyers here. Okay, we did get our sellers down in here and And we did get a move down to the bottom of the range here. Okay, so we covered the other one too What's tricky about this little order flow event in here is that the the book was pretty bullish And we did get the big green dot here So based on that we would look for the continuation here actually here they go again So it actually is looking we're coming back up here get our green dot up here It would be more probable that we will get the move up into 15 Okay, and you can see that it's not it's not happening right now Okay, so it exhausted here at 12 and a half Let's see if we get it again. Nope, nothing. All right, so let's see if sellers can Break the bottom of this range and trade down into 08 liquidity down here 08 and a half 09 to 08 and a half We'd look for this range to break here. Is there any questions on this now? This is dynamic, right? Here we were looking at that we had the pieces for this to go up into 15 here or you know higher liquidity for sure and We had a little small little retest here. Nothing traded that that is our exhaustion But we got the sellers down in here not so much here. We got them here and so I kind of down pretty far so It didn't really give us much of a clean move to the downside here Okay, so now here's here's our sellers down at the bottom of the range here and let's see if we can get a bit more a Bit more in a break. Okay. Why are we looking for the move to the downside? More more than the move to the upside here. See here. Let me get to some questions while I wait and answer Yeah, yeah, we can take a look at the dollar yen Why not We'll look at the 6j It's a good idea Thanks, Ronnie Now the order book is is showing some strength here actually So we were looking the reason that we were looking for more for the move to the downside here Then the move to the upside. Let me just check over in discord here Anyone came well is because just because of this this these sellers being in control here And this being the low volume pullback here All right, that's the reason right, so This is the the drive here All right, this is the pullback and now we're looking for a potential drive again. Okay to the downside so In your ears. Here's your impulse move impulse move Pullback Followed by impulse move Right, so that that's the that's what we're looking for in the in the bigger picture here Medium term picture actually bigger picture is a little different. All right, so back and forth in here. Let's see if we get it this time Nothing nothing yet. Nothing looking good. We do have nice little exhaustion here and here We do see some selling coming in here But yeah, this is gonna it's just looking pretty choppy in here Today, I mean this is Here's why I mean look at the order book and We're getting some interest something interesting here a little bit of insight here All right, so we always love to see this Get some insight from these sellers here limit sell orders that did transact Okay, this is where this kind of testing of the market can give us some insight and we're gonna we're gonna read this here Okay, so we found the actually some buyers take these guys on but can they get above it here on more buying Hey, if not, I'm looking for the sellers here to take this market down Not nothing yet. Nothing yet. This is a tricky. I mean kind of tricky your order flow we're getting a couple a couple of like good pieces and then like one piece kind of missing and You know like Up in here. Actually, we did have the pieces for the move higher And and then we got the exhaustion we and that second scenario started to unfold down here a Little bit here, but it really it really is here and that it is too far It's already at the bottom of the range here, basically All right, so nothing nothing concrete right now at the moment. Let me see here. You know, there was a question I got over the weekend So let's let's go and answer that a question was can you read and use book map? Minutes before the cash open to get insight and It just it sounds like It's kind of It's kind of an odd question Or the answer is kind of odd because it's like, you know Is there some sort of magical indicator out there that'll tell you oh you should go along at the cash open? No, the answer is no in that sense and because There's so much going on. There's so much volatility We don't know How much volume is in here that may power through even even like let's suppose down here now you can see He didn't go further below here at the open Below 4610 maybe a little bit below it, but not much and Why I mean we have high liquidity in here Hey, well, we just don't know how much supply is in here There could have been aggressive sellers come in and they'll just completely wipe wipe out this liquidity They'll just take it and continue on lower that we just we just don't know So what we're going to do instead is we're going to read these components in here And then we're going to look for the behavior in here to give us some insight So we know that there's high liquidity here and even they're even pulling in here And some of it transacted in here, but a lot of it kind of pulled just before They come back in again at 4610 Right, and we have some liquidity in here as well, but we got buyers that took them on And now this is looking pretty good. Can you guys see this here? Again, this is looking pretty good now. We know the hindsight that this worked out But what we have is high liquidity coming in even a little bit higher underneath here Our aggressors took on these guys here at 4612 trade it into and there's still more buying pressure above it And they're pulling liquidity up in these areas up in here therefore We're looking for buyers to the aggressors to take it back up and test into these previous areas up here these swings as well as the liquidity and It kind of kind of struggled for a little bit And then finally got it and then look look at the the move up into into 16. Okay And and beyond here, okay now We went through the same process here on another example right in here it looks pretty good and Yeah, this one it didn't it failed and you know if and How we'll go over the trade management on this but take take the small scratch You know, don't don't get caught up in this And you know again, this is like a basically a counter-trend trade too. So, you know How much do you really want to put on this? And so we're talking about trade management and money management at this point Okay, so looking for something higher probability. So anyway to get back and answer the question on On can you use the order book? Yeah, you can I mean it depends on the open And it really depends on also the bigger picture. Hey, this is all contextual It's not like one-dimensional here And the more that you can get on your side the better Hey, the probabilities will just be better. So if you had You know higher time frame Outlook that this was like a bottom of a range And which actually it kind of is bottom of the breakout in here and You see a lot of buying up here You get our you get a retest down here and they fail to get it through You start to look for buying pressure to come back in and test back up to here minimum And maybe they can break it. All right, so this this auction down here it failed At the open and there's still more liquidity in here. It's it's that's that's how to read this You know if you look at Let's suppose the book was like, you know just super thick in here levels and levels and levels of liquidity Hey in this area and you had the same setup. You had the green dots up in here that broke the swing here And You can see this is good. Hey green dots up in these areas in here now What about down here? Do you have a lot of red dots in here? Yeah, there's a few And but there's still quite a bit of green coming in again now it Basically it should have worked on this leg here get one more test and then right in here this is starting to look pretty good and For moving it back up into the top of the range in here Right. So Now if if you had that book in here very bullish book and they trade into this liquidity and they're still in here Then you've really got something and that answers the question. Hey, so the book would be very obvious in this case and but to think of this as some sort of like oh Yeah, it's just gonna give me like, you know the answer right away, and I'm just gonna be bullish at the at the open Sometimes it will be like that A lot of times it won't let's take a look at Tesla for example. Hey, do we get anything like that? No, not really not really What about Apple? Now all of these opens are kind of tough and video Same It's all over the place Okay, let's take a look at the 6j. I like that idea and I'll talk about this kind of duration pattern that you're seeing in here And what's going on there? Let's see JJ. How can you read the sell-off around 1015? Yeah, we'll take a look at that In the S&P, right? Hey, well 6j is showing some strength in here So that means that you know and we would assume that it would be a stronger yen This is this is really disruptive. What happened the last Thursday? so Marcus still kind of I Seen around with that trying to figure it out here, but we would we would assume there should be a stronger a stronger yen And this is this is more, you know geopolitical again global you know Central banks and and the the you know money sloshing around around the globe here and it's having a pretty big impact on the market Anyway, you can see that the behavior in this In this instrument here is very different You can see every four ticks Okay, so that means like every basically every pip This is futures not not the currency spot You know you can see liquidity in here This is larger player activity. There's a lot of hedging and back-and-forth used in this instrument and you can see it within the behavior right, so That's why you see it. That's why this this heat map looks so different compared to the S&P All right, so understand your markets understand what the markets look like and understand the behavior behind it And it is telling you right in here by looking at the liquidity heat map Okay, JJ. Let's take a look S&P Wow, okay, so all we retraced all the way back up here Okay, now we're starting to get our sellers and now let's take a look at that volume though. It's a little more complex than Then I mean the volume that came in here. Yeah, this is where it did pick up you can see it But it really picked up down here And we also had the big stop run So, I mean you you could start to understand like these these areas who's in control Even the buyers come back up and test this areas and now the sellers are coming back in And they have a they have a free run here to take it down to 08 and Remain in control take it down into seven or and Loads of the day basically Okay, the opportunities the opportunities here the sellers Are looking to move this market here And they got the buyers kind of on the ropes here Let's look at 1015 to 950 to 1015 Was this a good setup? Um, all right. Well, let's take a list but let's break it down for a short Again, let me just start off a JJ by saying this is not a trade recommendation room a Hey The wrist disclosure, I mean, you know, we're in here to just go through order flow and present ideas on Understanding order flow as an edge and then You can It's a starting point for you to go back and study something like this Right, you need to do the back testing you need to You know find that if it's higher probability or not and to be honest like yeah You need to find that edge But it's gonna be more important about how it fails probably more often than not and how do you manage it when it fails? When it goes, right, it's easy Okay, but going over like when it fails is gonna be really All right, so I would I would look at this little area is being pretty critical here This is a stop run here, okay, there's a pretty big one We can we can zoom in and we can find out exactly how many are stops. In fact, I'm curious about that and Let's see Okay, it's a huge stop run Okay, now look at the aggressor here that came in and started triggering these stops. It's 910 That's that's a really big stop run You can see the whole evolution of it. It started right here meaning that this aggressor And it came in and started hitting a bit really hard Was triggering stops from potentially this point up here at 11 and a quarter all the way down to this point here at 8 and 3 quarters so a three-point range There's stops being triggered in here and now they're triggering down below. We don't know like You know, there might be stops in here as well, but we can we can see the details But there's stops in here triggering All the way down right to here and then after all those stops are filled That was the bottom bottom of the range in here a little bit more selling And then we get a pullback here All right, so and then the sellers continued and the stop run continued as well Yet again in here same same behavior just a lot less as a hundred and hundred and seven here right, so yeah, I'm kind of Looking at this event in here And and guys, I mean you can't make this stuff up. Why is it happening here? Why? look at the We were just kind of covering this in here this bounce to the upside at the open answering another question Powering through this area here as a stop run Hey, everyone that was long in here and they had their reasons for being long due to the higher time frames Hey They're all a lot of them are just getting annihilated They're pretty placing their stop below and then someone came in and just nailed all of them So that aggressor And to me it looks like You know a larger player activity in here that is able to just sweep that order book like that so anyway, we have This event here is or this level in here is something I would be looking at Right in here And I would be looking for a short in there somewhere. Okay, and I don't see it yet I don't see it at all. Maybe maybe in here, but like You know, there's liquidity in here to getting filled So And then it made sense up here as well. We're looking for it now the market came all the way back up into Is it 15 or 16 in here 16 So it came up to here And this is where it dropped and now you can see our our rectangles not so bad We came up to 16 and a half Like you could probably take the rectangle up to about here where it truly did drop from up here 17 and a half 17 and three quarters, but look look at the the bigger dots in here. Okay, right around 16 right, so That's that's why you know, we can see a retest back up into that area Where those sellers are all right makes sense. Okay, I hope hope that helps JJ Don't start to understand now up in here We're where do you look for like a higher probability set up up in here? Okay? Well not yet like buyers coming in buyers coming in Even this move here still still bullish in here sellers pound it through bottom of the range Comes back up in here. This is where it starts to look better And now this is a course hindsight And I would say this is still tricky in here Because here's our exhaustion up in here Okay, well we got high liquidity underneath here and now this is looking better high liquidity also at 15 What's the reaction if we don't see we don't see much buying buying up here at all But we don't see a whole lot of selling yet either see some in here It's about it They the sellers take them on here. This is where we can get the insight though Right now. It's tricky because it's at the bottom of this range here And then the sellers continue Right, so they're selling pressure after this test into this liquidity here on the bid Okay, but anyway that one, you know, it worked out pretty well Look at look at the retest back up just now Back up to this swing here actually Where those sellers came in I would look for this one first and went above it and went to this swing here Okay, so what well then how do you handle some of these things? Look for you know, especially on days like today. Well, we don't quite know we're looking for some chop back and forth You can start to take some off at the bottom of the ranges or high liquidity and Then I would just take the scratch Right, I'm looking for a follow-through and we're just not gonna get it in some of these moves is What the market's telling us so far Robby made a good trade. All right, let we'll take a look at it here in just a minute here And then slow down taking a look at the ES order flow aggressor step and swept the order book added Pressure to the downside. Okay, let's take a look Thanks, slow down. Love your love your content Oh, yeah, yeah, nice Four point sweep, but this is what we just covered, right? I think 16 or at 10 Okay, I think that was the next one No, no, no, this is this is it The 911 you're looking at 16. Oh, no, you're right. You're right. You're looking right at it Yep. Oh, you're way ahead of me slow down. I Gotta speed up Sorry about that. So, oh Yeah, this is beautiful to right back into this high liquidity here absorbed exhaustion beautiful beautiful stuff is Perfect ice iceberg and absorption and high liquidity in here beautiful Yeah, just just great stuff and then there another sweep. We saw the other sweep as well High liquidity underneath. Yep This is a move we've seen this behavior again and again. I'm fascinated by it. Um, and You know, we can now we need to draw something away from it. It's right here Okay Here's the book sweep by the larger player and the and a bit of a stop run and then they place their Iceberg order right underneath into high liquidity as well And they actually start to transact. Here's our iceberg 100. Here's 200 Here's another iceberg a few different icebergs here Okay, this is guaranteeing them a fill basically it's it's kind of a dirty trick It's like sweep the order book and then throw your iceberg under, you know Back on top of it here so basically this is The mechanics is similar to a flip of the book And the flip of the book usually happened up here at the beginning of the move. They pulled that liquidity You know hit hit the bid hard with the the aggressors Hit some stops and then throw more liquidity on the other side here Now they're doing it, but they're doing it down here with an iceberg I would I don't like this behavior. I mean, I I wonder what the you know Governing bodies feel about this if this is disruptive or prohibitive practice But we've seen it many times Now the funny thing is is a market the market did go down We've seen this so many times it actually kind of fails you know Maybe they're just you know, who knows what their positions are in the longer Time frame or in the bigger picture But a lot of times we see this kind of near the end of moves as well, which is really curious And then right now it's really back and forth in here But thanks. Thanks slow down really really nice stuff And then rob will take a look at yours as well You get over to youtube though and see if there's more questions and a rag it, you know for your um Uh shading the time frames in here. I mean What you can do is with a rectangle basically There is no kind of way to other way to do it in bookmap. So Let's just clear all the drawings and if you want to shade the pre-market here Then you know come up to the pencil tool hit rectangle And then, you know, you can Basically outline everything up to 930. You can also use a vertical line if you want Place it here Yeah, jack has already answered the question. Okay The e mark here, um, yeah, this this little e means execution or executed fully executed iceberg order Okay, so, um There's it might be cancelled or it might be executed So you can see like there was one iceberg one measly little iceberg order in here that Transacted right here. This is where the d means detected and you will only see that if you zoom in Um, otherwise you'll see that it'll just say c one So it was detected here and it was cancelled here and that much we know All right, so that's what the c means in the d the e means it was executed fully executed and let's show an example of that They see this this see this iceberg up here It's still live and it says 158 and parentheses one. So there's one Iceberg order up here if it was two up here and it said 158 We would know there's two iceberg orders up here for a total of 158 that have already transacted back here Okay, and you can see they're front running the high liquidity right here at 46 20 Here's here's another one fully executed Uh, you can zoom in here and you can really look at the details here There's no other platform that can do this that I've seen um You know to to really see these details here. Here's another You just see the whole evolution here of that iceberg. Here's a big one here for 15 Uh 53 Okay, and you can see when it started How long was in the market when it transacted? Uh, etc all the details A lot of times you'll even see that it'll move down um Whatever, uh, so the big the big transactions actually took place here 626 On this little area here, which we break it down. You can continue to zoom in and You know, you see what's going on here 71 detected 107 159 t means transaction trade Uh, it doesn't matter and then uh And then you'll see the full full execution here Right, and that's when that that iceberg was finished And we know that this is just fact Okay, looks like I'm I think I'm caught up on questions Okay, excellent All right. Well, let's let's zoom back out and let's see this choppy day here was kind of going on in here Uh, oh, okay. Well same behavior again. You can you can see this guy just came in boom Okay, not just just some minutes ago same exact behavior Actually, we were just kind of covering it, right? Here's that here's the iceberg underneath it Let's mark this up here because this iceberg Continues to transact at this 4610 level. Okay, so is that coincidence in here? Uh, and we already know that this is like that that bottom of this range. This is kind of critical in here Yeah, here's that iceberg behavior again here. So it's a little bit lower o9 So and there's three different icebergs in here for that 1488 a transaction right, so someone is uh, you know, uh Is it is it positioning themselves for a short for the day? I don't know but they continue to add to the position Or exit the position Doesn't matter we we know the level in here and this is what we're watching and now we are above that level right now Okay, so guys look look and start to understand this kind of behavior in here And then look how this can add to your volume profile studies if you're a profile trader It is this behavior that we are recognizing is building out this edge on the profile It's it's because of that Right, so now what does that mean down here? Well, you know for profile traders You understand what this means this big kind of lump here at the bottom of the edge here Hey, this is a weak bottom So it just means a lot of transactions are taking place down here and we know who it is as well So if the scenario is We can even trade down to it. Here's exhaustion here. They're pulling here. Let's see if we get red dots in here right now Okay, if we do There's a potential Uh move to trade back down to where it can transact Due to these high volume nodes down here And there's also the potential to break it because we know that When you have a weak bottom a lot a lot of trading at the bottom of the edge here Uh, you can get price discovery Okay, so let's see if we can get look for a setup in here Okay, well high liquidity up here Sellers starting to come in A little bit exhaustion up here So we're looking for sellers here And then to break this little range to come down to the bigger range down here. There we go Okay, so there's some selling Now I don't I don't really like this. I like the idea. I like the the the setup Does it really look high probability? I don't know if it's ready for it yet Uh, and uh, we we've been really choppy in here and we've seen a lot of different order flow back and forth and I do like that we have a lot of exhaustion up here though. That looks pretty good And that that definitely adds to it All right, and we just had a barrage of selling in here too Okay, so Let's see if we can get back down here again at 12 and a half Get that selling. There's our exhaustion. All right now sellers They got to show up here And nothing yet Okay, high liquidity at 12 just starting to transact right there see that We found some buyers. So this is not looking at all of that good now Like, you know, we have we know there's some buyers in here too And now they might get upended it might be a stop run here So that could be the fuel that we're looking for All right, here here come the sellers Yeah, I mean we're looking for it to happen. I don't really like it. Um It's just been a really back and forth day But um That's the scenario Okay, and then that this trade here or possible trade Maybe we'll see something in here where it looks looks better Okay, but this and and this is just trading it down to here It takes them off and then this is a bigger trade Right, you're looking for this to break into uh And and your profile here to break and then to start fill in, uh the uh the areas down here Where it didn't really auction very much All right, so that's the scenario And you know, we're kind of staying away here Uh and for good reason. I mean like uh some selling in here a lot of buying And and and buyers taking it back up into this rain All right, does that make sense? Is it kind of clear what we're you know what we're looking for in in this scenario? And why? And the bigger picture sellers remain in control here as well Well, we drew this up here due to stops in icebergs Uh, but uh, you know, it is uh, it's also where a lot of transactions were taking place here Actually, it's it's the opposite scenario that is unfolding. This is why we cover the opposite scenario I don't believe in this one either. Uh, but um Uh it they are pulling up here and we are getting buyers right So they're going to test anyone that sold in here And we just don't see anything really great right now Yes, that's right. Alois. Excellent. Thank you The the red line here is stops The blue line is icebergs Yeah, I covered it slow down and uh, and then you posted it just a bit earlier though. Yeah, that's pretty good I mean like uh, it's easier to talk about these things than it is to mark it all up Nice job All right, let's take a look at uh, what rob had posted here Okay, so yeah, you saw that stop run here Yeah, you're looking exactly at the same thing. Yep. Nice Nice rob Yeah, and you have your reasons for getting it out up in here Exactly Uh, you know this this level up here Now it came up further, right? Uh, but uh, you have your reasons No, I'm sorry. It didn't not it did not come up further. That was the area. Yep. Yeah, beautiful If there's any kind of like, um I don't know uh insight um, maybe comments I I can give rob is Uh, it's kind of similar to to to jay trader like I mean the settlers are in control. This is a counter trend trade uh However, like you start to look for like when buyers start to take control on the smaller time frame This is a great entry down here. I really like it. Uh, this is where the buyers started to take control in here Right now, you know, you went against you immediately Uh, and then again here though, I I still think this is a good entry like in this area here You just zoom into it um And maybe it's not your your trading style or anyone else's trading style. That's fine Um, but I I want to see Basically what we're looking for in the order flow is we're looking for Some uh support or some uh demand down here And then we're looking for the aggressors start to move it away from areas on high volume And that would be your your tape reading And uh, you can see the move the pullback Buyers here sellers trade into them, but it can't get above. That's again looking good And then there's your first take profit Uh, good great right back up into that area beautiful Yeah, real real nice rob Uh, just I would say these entries are you there's a lot of risk underneath here Uh that you're taking Okay, I don't know if that's it maybe you might want to revisit that in terms of like is it FOMO? Uh, is it like, uh You know, why why are you considering entering in there? And this is what like Debra had, um, asked about like always getting at these really bad areas uh The um take a step back on that on the entries, uh, and then you know try to look at it, um A bit more objectively have your reasons for it You're really looking it should really kind of hit you over the head But uh, you know, you're looking for it. I don't know. I and that's my only comment The exits look fantastic. They're really really nice Uh, they're beautiful Yeah, just just uh, this this area in here Uh, I know you're getting on a pullback and you're probably looking for it to come right back up here immediately Um See your stop was up here. This is something I just love about book map as well Look how you you guys can read the um liquidity I'm sorry the your trade activity Okay, your stop was way up here. You moved it down or your take profit Uh, you can't avoid it. It it's all time based as well. You moved up your stop as well So you just had really really wide stops um And then uh, you have the bracketed traded trade it looks like and then you just move them manually around Which is a great way to go So the moment you're in you have really wide stops You kind of look and see what's going on and then you can kind of manage your your stop and take profit Real real good stuff there And uh, also you showed a volume profile in here Okay, I'm not not sure what to to make of that don't have the Kind of see the dates down here 30th I guess that's 20 28th or something Uh, so this is today Yeah, yeah, I mean see see look at the big profile, you know building out here that we were just looking at Right due to all that iceberg activity Let's see what kind of effect it had on the market here No, uh, we're still just chopping around up in this area here Okay, and it's eroded that edge in here. See see how now all of this trading activity up here What we were kind of focusing on was this down by this line here around 10 Uh, still may break In fact, this might be the fuel So watch this watch this will kind of uh Home in on on this level here at this 11 75 which keeps on tempting us here but perhaps this Is going to be the fuel that we're looking for for the move down here and then the potential break All right, and let if that scenario is going to unfold. Let's let's read it Okay, and I'm going to clear the drawing so we can read a little bit better I'm going to take the stops and icebergs on chart off so we can just see it a little Okay, always have it in the sub chart though Yeah, see it's just not not quite ready for that scenario here still seeing buyers come in And buying pressure. I mean up here not even a little bit of a skew in the book here and we're finding buyers Trade into high liquidity that's at a lower lower level here. So we're we know that there's buying pressure still in here Okay, maybe we'll get the short squeeze now up here You know Maybe maybe the scenario will be we'll come all the way back up here into like 18 or so Or maybe even above and then fail and then come back down and we really see it speed up below 10 Who knows just kind of thinking out loud of some different scenarios And be prepared for them, you know, this is something slowdown had mentioned to me. Um Uh, something that he learned, um, I don't know some months ago like, you know, kind of clicked with him Like You're not always looking for what you we're always seem to be looking for a breakout of a move Or a range And that doesn't necessarily have to happen at all and you typically the markets don't so On certain days, you know, maybe you want to range. Maybe you have range bound strategies that you're looking at Instead of looking for these bigger moves to unfold Okay, we're just kind of preparing for these bigger moves. Uh, and uh, and looking for it to unfold Uh, but um, uh, we can go over lower time frame. We can go over range bound trades, etc No problem I mean this this this is a rejection right below the range here Okay, so this is Meaning that watch we should get our short squeeze now Okay to the upside here So, yeah, it's it's it's set up nicely in here Even though this whole time we were bearish and we had our reasons and we had this profile and everything Uh, here's what's unfolding Yeah, I mean this is it's It's kind of tricky stuff here like we're we're looking at it because of this break and this false breakdown And and buyers and buyers and they they even traded into in that liquidity So we know there's buying pressure. So we're looking for them to try to trade up into here And we're looking for a pretty big stop running as well to unfold Even these sellers in here Yeah, I like I like this idea of the stop run here a lot because see the sellers that came in here They they they could not auction back down in this area here at all So this is where buyers can take control and you can get a price discovery to the upside And we should see the big stop run in here to the upside All right, so it's starting to unfold. Let's just zoom out a little bit more You can see a little bit of a bump here on the stop run Let's just we'll kind of cover maybe also a um a measured move in here Okay, so let's just take this rectangle here And the sellers in here And there was some selling at the very bottom here very little but there was some Okay, and now what we're gonna do is Take the same rectangle in here And where are these sell it actually the sellers are a little bit higher So let me get rid of this And let's go a little bit higher here All right now we'll take this rectangle Duplicate it on another And then we're gonna move it Above here And that's where we would look for the stop run to happen Okay, because of the traders in here Okay, now there's not liquidity the liquidity is a little bit too ticks lower here at 15 not 15 50 We're right in between two two layers of high liquidity 16 and 15 Okay, what we're looking for the stop run into it Okay, makes sense again just understanding the sellers in here And where they're likely to be buyers Way back up Okay, same thing here. Look at look at this here like the sellers come in And then the auction failed down here Some pretty good selling for this little range But the auction failed We do the same thing And it matches this one as well. Okay, so let's see if we can get our stop run here Up into 16 that's only two points Right, but it's understanding the market behavior in here Okay, high liquidity below us support at 46 16. What's the reaction? Finding our buyers here Yep, a little bit and they're pulling at 15 now Hey, what about 16? Are they pulling at no, they're still in here at 16 In 17, okay, let's see. Let's see we're looking and we're anticipating that stop run Okay 16 starting to Transact very little but it's transacting 68 contracts All right, so it did our move and There there is a reason to take some profits into the stop run We we did get our stop run too. Okay You know, it doesn't compare to that massive one over here But let's so let's take that data out of the picture And then our line will probably be a little bit better here Yeah, it's not much of a stop run, but it did do it Uh, you know, these are just much bigger All right, does that make sense too? This is just a a potential way to consider your trade management of trading taking your profit into the stop run All right reduce some risk You don't know if after that stop run it might reverse around and go back down the other way Looking for that bigger picture Uh trade that we were looking at earlier of this bottom edge Okay, and then, you know, it wasn't ready and we saw something else So we looked at this opportunity or potential Potential trade here Okay iceberg order in here as well How big is that it's pretty big 500 or so right in there buying And we're below it here All right, let's see if we can now now we're back into the range here And I see a lot of selling coming in Okay, so now we can like Cancel clear all of our drawings and look for the same thing again stop run And then below that down to here and uh Looks pretty good so far See a lot of selling I don't see buying I see more supply coming in at 14 Should get a few more sellers to hit 13 And we might get the break of 13 to come down to the bottom of this range here At what we were looking for earlier. It was it was down to the bottom of this range around, uh 11 and three quarters Okay, and then potentially the range the range break or I'm sorry That was one of this to break and then for it to come back down into here Okay, and then we're looking for this to break as well at 0 9 here 0 9 50 All right, so here come the sellers. They've already traded into 13 And then we're looking for that 11 and three quarters that liquidity here. There it is Okay, again potential trade management Uh to take some off here right now We'll come back and revisit it. It was at a good idea or not Maybe I mean I I would I like to kind of just reduce the risk But I'm there's still pulling here You know and we know there's momentum behind this so However, okay, so I would I would reason that this is a this has been a choppy day So yeah, I'm going to take some profit at the bottom of this range here. All right, so anyway that There would be my reasons for it uh, but now we're looking for the potential move here back down into uh 09 and then a break of 09 to uh our kind of uh 0 6 level down here in this liquidity at 0 6 Okay, and again guys this these are not it's Uh, this is not a trade recommendation. Uh, it's not a trading room In here where we are a starting point for you to consider some of these order flow And trade management techniques But it's just the starting point. It's just the concepts Go back and study it now I was talking to with a trader earlier today Uh and um Think about it here if you went through and back tested just just manually You could do this by hand in an excel spreadsheet look at some of the swings start to record it Uh, and then look for a setup And and take one of the ideas that we we were covering here like stop run Or one is trading up into the stop run and taking some profit And then the other one was because it's a stop run looking for taking the other side Of this trade and looking for the bigger move that we were looking for back in this area in in here to unfold right so Uh, and then taking some profit down here now. So there's two different trade setups in here already Now just take one of them and go back and study that idea What if you can come up with 15 17 trade examples And you can record it uh, you don't have to back test it with the machine or some sort of uh You know software you can do you can do measure it by hand How much confidence that can build for you? Okay, now now you have something you've studied and you know, you could do that in a day You take a couple days. You'll have 30 or more That's a good uh Like it's a minimum amount for building your trading plan and your strategy And think about how good you're going to be at it after just a couple of days of doing that Just a couple days Okay, that's how you can build a trading strategy or trading plan Right now you you back test it now you forward test it Forward test it in the in the live environment like we're doing right now Okay, because do you have a lot of other questions to answer still? What time of day was it? What was the uh, um fundamentals kind of uh going on behind the scenes And so uh, you can record that down uh as well And what was the volume overall? What was the bigger picture? Uh as well Start to add that into your study Now you've really got something Okay, and then uh Forward forward testing it like that Uh, you can really start to pinpoint how you're going to manage it as well And then once you have that Uh start start to trade it In demo All right, see if you can refine it better optimize it better All right after you've done that now And maybe that takes a few days Okay, now you're gonna have another probably uh, you know, uh, I don't know 10 to 15 more examples to add into your your your plan Now you've got about 50 Let's say 45 Uh examples In your in your spreadsheet All right, and then now maybe maybe you want to start risking some real money on it. Maybe you're ready for that Okay, well, there's a beautiful thing in here with the uh and rob is doing that right now Uh, you can trade with micros All right, so you're not going to get annihilated you can have a small account Uh, and uh, you you know, you can uh Start to build this out think of the confidence you're going to have now Forward forward to test it with uh on on on micros Now you now you're probably going to have about 60 70 Uh different trade examples you can have variations of it as well. You're gonna know it really well Probably about a week's worth of work Maybe maybe more let's say it's two weeks worth of work You've got a trading plan Hey, it could be just a few that could even be just a few hours a day Then a certain time frame Okay, uh now you're gonna go every morning you're gonna wake up You're gonna be looking you know exactly what you're gonna be looking for G pan i'm i'm i'm telling you that uh, we're going through examples in here of what it what is potentially a good setup But then is a starting point for you to go back and study it So look look at our trade idea in here We're looking for the the stop run up into here and trading up into it reversing and then trading it back down into Uh, this was our first level of take profit here around 11 So somewhere around 14 to 11 Okay, it's three points, but we're looking for the bigger move here Down to six All right, look at it now look at our big bulge here again This was it's kind of gone back and forth this now it's shifted and changed again Look how it it it shifted and changed in here I'm sorry It yeah, okay, so see see how it bulged out up here because of all that trading activity And then just because of recent trading activity look at it now ah well It definitely it definitely added more down in here right I mean due to this this this new activity in here Right, so we got this big big belly here. This is your b shaped profile Actually, it still was more here Even with that trading activity. Anyway, you get the idea though You can see how this got built out due to all that move to the upside And now we're back down building out the profile at the lower level here Okay, which adds again to that trade idea of the break And then move down Okay, peter. Well if it's back to vwap is predictable then go prove it Prove it How many times does it do it? How when is it an opportunity to trade vwap? I mean to me it's it's not as arbitrary a line as a as a um Moving average, but it's still because a lot of people look at it. It only matters because people look at it Uh and and and use it as a gauge Okay, but uh, just go go prove it. You know, hey look like I think fibonacci levels are are completely um They're almost invalid um You know the that that golden ratio that uh Uh that the market's gonna adhere to something like that is is kind of nonsense I mean that's for breeding rabbits or flower petals or you know, whatever Uh The mark is the participants in the behavior here, uh, so um Yeah, however go prove it You know if you want to trade the six one eight, uh level pull back all the time great. Just go prove it Okay, so, you know our our trade idea of and breaking this this level is is unfolding right now okay, so um And we had we had reasons By understanding what was going on in here For this for this potential move. Yeah, the correct setting for vwap um reset at the market open Let's let me put the vwap on here. I I usually do that um Just looking at the cash uh session here So I don't know if my vwap is even close to your guys vwap here Here I'll I'll I'll reset it at the cash open 9 30 There we go Yeah, looks good Okay Okay, so yeah here peter like, you know this aligned with this kind of 11 Uh level that we're looking at earlier because of the bottom of the range here All right. Well, you know there you got some confluence with your um with your vwap trade back to vwap And now here's the here's the move through vwap Here's your retest back to vwap And the vwap is going to be pretty much the same as your point of control the point of control I like a lot more That makes a lot more sense to me Uh, that this is just where most traders are transacting Now even that how how much meaning does that have in my in my opinion? It's not a not a whole lot here because this whole level here. There's a lot of trading from here 14 Down to about 10 There's a lot of trading. It looks pretty equal to me Right, we've we've seen it chop around in here and build that whole profile out now. It still is a b b profile There's more trading down at the bottom of the edge here Okay, so we're still looking for the potential Price discovery down to the downside So guys, what are we looking for for price discovery? Okay to break this 10 uh level here I'm sorry peter. I you know, I don't have all the answers or anything. I I'm just giving you kind of You know, I'm going through Participants behavior in here and running I'm running it through that filter basically That's all And the poc as well running it through that filter. What does it mean? Right and and v-wap just seems a little more esoteric to me like I understand it and I know it's an average But the one thing I really personally what I believe in about the v-wap is a lot of people look at it But that's it But uh, that's fine. So there's a lot of people if there's a lot of people look at it Then you know build some trading patterns around it Okay Well way to go peter. Yeah excellent Yeah, just uh We're here to go over what we see in the order book both current and historical In that context and relationship with the aggressors within the price structure Okay, very simply like Let's take v-wap off and poc off for a moment. Okay, and just looking at uh, and let's let's clear our drawings all right very simply we're looking at um Price structure created by best bid and offer In fact, you can even look at your candlesticks if you want And and and say like uh, this is creating price structure too, but uh Candlesticks just don't they just fail to give you the um Uh the data within the candle pattern or within the cattle candle period Okay, so it's it's very very opaque view of the market Uh, and then We're so we're looking at price structure with best bid and offer streaming back and forth Then we're looking for the volume within it What what kind of edge is this giving us here? Okay, and then and right now the edge down here like for example Yeah, it's it's not so great. Actually like uh, okay stop run here good Now back and forth in here We're looking for follow through here Right, so I don't really see to that's not really what we're looking for in here looking for Not buyers up in here. We're looking for exhaustion and then sellers again down here All right, so anyway We're looking for the volume within the price structure to give us insight and edge Okay, uh same concepts with that volume profile We're looking for sellers down here. That was the answer to the question earlier What are we looking for that is driving price away from a high volume node? It's heavy volume We're looking for the aggressors to up end and move this market away from this Big huge value area here Hey, so what now now the aggressors are starting to show All right. Well, can they break it? Now now we have remember those all those, um Icebergs that were at our 10 level Those guys are now in profit And then they're they're positioned So now we can just they're just sitting back and waiting and watching for the aggressors to hit it back down into maybe Uh, oh six or so All right, and then now let's just add in Uh the heat map. This is the other side of the trade Okay, so understanding That context, where is the supply? Where is the demand in terms of the limit buy and sell orders? Okay, and look at that skewed book right now Okay, our oh six just just transacted and big stop run below Okay So there it is All right now this this might be you know now there's a lot of momentum here to the downside However, we just had a big stop run too Hey, would I exit my position? Yeah, maybe Maybe on a day like today. Yeah, I think it's pretty good. That's a pretty good move and we got this Uh capitulation here or the the stop run here, right? So and I see that I see the the high liquidity in here And and buyers coming in and taking it on here At 05. Okay. So, uh, yeah, I think I would just look for my next setup after that. I'm done Right, so that's another way to look at it Uh and uh Yeah, just now we just have to step back and and take a look again here. Uh, peter you're on sim you bought it, uh 1425 and stopped out at 11. I thought it was a pullback. What'd you do wrong? Um, I I'm not really sure uh Let me show you something though like, uh, if you are interested in this Um I think it's a great program that we have here and hold on just a minute Maybe you would be interested in doing something like this Okay, signing up for this book map academy Uh, you can read through here. You would apply for the book map junior academy first That's the first step is application And if you're accepted to a book map junior academy, then you've got to prove something in here By meeting some thresholds and quotas If you do you can be You can join the and be invited to join the book map academy And then you can get book map for free And add-ons for free as well But you've got to continue to do um, you know Build out your trading plan and the content Right, so we got this whole Um Program set up for you guys you can become a coach After you've you know be in the book map academy for a bit And then you can also become a streamer in here and Stream in in book map now Let me show you like there's Tom B Doug and Moby have all gone this route Uh and have come through book map this way through the book map academy All right, so uh, the end and there'll be more um, so You know if you're interested in that and then go to the book map academy. I'll I'll put it into the chat here for you guys In discord as well as in youtube Okay, and then you can start to answer these questions for yourself as well. What did you do wrong? Okay, and you'll be in the environment as well Pan to Ask questions to others All right, so guys, please uh, please hit the like button here. Um, this is uh, something that we uh I always request that we want to go through and and provide this kind of content for you as much as we can If you find it valuable, please hit the like button. Uh, that really helps us and then we'll continue on doing more and more of it and offer these programs like the academy, uh, bring you into it and You know Learn how to trade at at a at a much better level much higher level Oh, thanks, peter. Thanks debora. I hope it's going well debora. I hope this has been been helpful for you Uh, you know take a step back look at the bigger picture here Start to and you don't have to trade But start to come up ideas like just like these scenarios that we're going through Like we don't know But we go through the scenario and then once we start to see that scenario unfold Like in here it's like well, okay. Well, you know, there was no there was no selling interest down here Start to see the buyers come in looking for them to end the stop run up into here And then it's like okay. It's a stop run. That's what we're looking for But the you know that that that profile is built out here So you can trade it back down to the bottom and then the continuation Uh, and then uh, that that's exactly what ended up, you know playing out. Uh, in fact it went Go further Yeah, it's gone further now too But uh into oh four Keep it really simple debora You don't want to make it complex. I would suggest like find something that gravitate toward And then study it like we had mentioned earlier Right, because if you can have like maybe, you know, 25 30, you know 50 um studied setups under your belt That you're on your way And uh, you're just going to get better at it And keep it simple come back ask questions in here And uh, and yeah, that that's that All right. All right. Well. Thank you everybody. Yeah, please hit that like button And let's uh, we'll wrap it up. We'll call it a day. We'll see you tomorrow Let's see paco. Uh, if you speak, uh, uh, portuguese He is presenting now as well as tom b so you can jump over to that room And uh, he's going to go through volume profile Uh, like we had charles earlier today going through through volume profile as well So, uh, yeah, thanks rob. Thank you for sharing the the Image uh slow down. Thank you as well. You've got another image in here. Let me guys Let me put this into the chat as well Copy the link here and put it in uh for you if you want to come and continue the discussion Over in our discord all markets room I believe that's the link Should work for you Jump over to the channel and you'll see some of the images that slow down and rob had posted in here All right, so, uh, you know, you can see they've been Using book map for for quite a while and uh, you know, you can see the expertise here and and some of the Markups and the charts All right, so thanks everybody We'll catch up with you tomorrow same time. Okay. Yeah, take care. Bye. Bye