 Good morning traders and welcome to the webinar today. So this is the morning traders This is the webinar that is We're gonna cover how to prepare for the Competition that we have for crypto that will be Wednesday through Friday. I'll get more into the details in just a second But let's go through the disclosure 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 Involves a 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 here and Go through some things about this competition. So We're gonna have an event. Let me just show you that first on the Competition is Where to get information? Just go to bookmap.com. You'll see it here and this is how you can register. So click on the The links here and then what you will need to do then is Then log into your book map account if you don't have a book map account, you will need to create one and Then you will download for Windows here and also for Mac here All right download install book map and then It will ask you to also sign up or give yourself a Name for the competition once you have that then we're gonna go to the competition page here All right, that'll take you here And you can scroll down and read about the prizes here. It's some really nice prizes global plus lifetime for first place plus $2,000 cash prize second place global plus lifetime subscription and then third is One year of global plus subscription. There is also a random drawing for a global plus lifetime subscription, I believe so You just you need to join and you might win that one right if you don't win the first top three here And then you can learn about all the different rules, etc. Here from the drop-downs the time the duration instrument, etc There is a leaderboard hasn't begun yet, but once it once it The competition begins which is tomorrow Wednesday at 12 p.m. UTC That will be a East Coast time 8 a.m. Tomorrow morning And then learn more about it here. There's some resources the Learning Center and Also some FAQs here. All right, so The Learning Center is actually something I wanted to show here if if you go to the Learning Center Hold on Bookmap Learning Center here Okay And yeah, so In here, let's go down to the calendar. This is what I wanted to show There are several events that we're having for the rest of the week for this crypto competition All right, so today is Tuesday. You can see the webinar here crypto competition setups and event details with Bruce Also, we have just just one today tomorrow. I think we have two or three you can see that nine a.m There will be the same crypto competition setups and event details here We're gonna go through maybe Screenshots etc of trades. We're gonna we may even have an open mic etc Then we also have well crypto with Alejo, but this is in Spanish He will go through competition stuff. We also have John Slazas at 1 p.m. East Coast time Going through the way that he trades crypto and for the competition on Thursday We have another event here at 9 a.m. East Coast time and we'll go through again setups event details and we can we'll have more information or More trading activity to debrief as well and go through How to help or give feedback on people's trading activity? And then on Friday the competition will be over at 8 a.m However, we'll have the crypto kind of debriefing and ask me anything a webinar from 10 to 11 30 All right, so lots of events for the competition. This is where you can find more information about it and You need to sign up right now There is one more thing to take a look at here from the knowledge base I want to show you that and scroll down here and actually link to it It's from how do you sign up see? Hold on a minute. We'll just go to the knowledge base here on knowledge base and for the crypto competition Hold on a minute. Where is it exactly? It is Instruments traded see starting capital Hold on just a moment here Well, I'll find that link to the the knowledge base what I want to show though is the There's a new YouTube video on how to connect as well. We just uploaded it here So I'm gonna put this into the link for for you guys as well or share this link in the chat So that you can connect to book map. All right Thomas so you're already having some some issues. All right, so maybe this video link that I just shared will help Okay All right, let's see. What else do we have here? All right, so in the Also want to show that We're gonna Continue chats in here right now This is the chat room that we have set up for you It's under our discord channel here book map trading competition go here and this is where we're going to use or Display any information that you may need Regarding the competition or answer any questions Resources etc. They'll all be within this discord channel here. All right, so Let's see Thomas you were already saying that you're having problems connecting So don't know how to or you can't choose the trading instrument or trading mode All right, so let's go through the whole process here right now for you And this will help everyone else as well. Okay, so We're gonna once you've downloaded and installed book map. Let's double click on the desktop icon Okay, now this video that I just shared with you we'll go through all these details in here. However we're gonna go through it min and Maybe a bit longer here and answer any questions. All right, so the video is about six and a half minutes long but First thing you need to do when you open up your trading mode This might have been the error Thomas, so you may need to restart book map. You need to be in trading mode All right, that's important. I Also recommend do not connect to any opened work previously open workspaces and we're gonna start afresh here I would recommend Recording your live data and recording your orders your trading activity then you can use this in book map replay mode For later for debriefing so you can really learn a lot through that replay mode It is an underutilized feature in book map that we've had since the very beginning. All right, let's click. Okay, and Let's see here. Well, yeah, we'll update that in Python And now let's go up to connections This is what we need to do. We have not connected to any platform. So go up to connections And actually let's say we're gonna let me I'm gonna go from the very very beginning here. All right, so I'm gonna actually deselect or remove The Grading simulator and also book map data and we'll start all afresh here and All right, so let's go up to connections and you can see I'm not connected to anything at the moment So we're gonna configure a connection click on configure and then in here We need to add a platform click on this button here And that takes you to our book map add-ons manager and then this is the section here book map connect layer zero For the adapters for the exchanges to connect to right now. This is the installed Adapters that I have we need to scroll down and go to the ones that are available for install here And we're gonna select two one is the trading simulator now another one Thomas if you do not have book map version 7.4 Build 18 or greater you will not see this here or it might be grayed out. Okay, so you'll need to close your book map Download install that latest 7.4 build 18 or 19 And then restart book map and then come back in here And then you should see the trade simulator and let's click install All right, so that's been installed now Let's scroll down to the bottom again and available for install. You may or may not Have already installed it if you have not it will be here book map data. Let's click install and now we've installed it All right And now we can click okay, and then what we need to do now is add a connection We've we've added the platform now We add the connection click add connection and from the drop-down here scroll down and you should see available The trade simulator here. Let's select it and click okay Let's go back to connections now. You can see the trade simulator. Let's configure. Let's add another connection here From the drop-down. We're gonna scroll down a little bit and we're gonna select book map data and click okay Now let's go back to connections and select both of them trade simulator and book map data Right now I've selected them both, but no instrument is selected. We need to click on the plus tab up here So let's do that and then from the drop-down platform here select book map data Type is competition Exchange is multi-book symbol that we're using only for this competition is BTC USDT a tether and then Historical data just stick with one hour cloud data for now tick size Select one if you have a less powerful PC you may need to use 10 Okay, so try one if you really get bogged down with one then you'll have to kind of Click on the plus tab close the symbol click on the plus tab and add another symbol in The same BTC USDT and then select 10 as your tick size granularity Always use 0.01 and let's click subscribe All right now book map pops up it actually opened here by default The trade control panel I am set to go basically. However, I need to do a couple more things Before starting to place orders so If you don't see the trade control panel open it up here click on the padlock and then this Is the cross instruments trading panel here you need to use this feature in book map We've had it for a long time. It's a great feature Allows you to trade like the from the ES e-mini chart Into the ES micro for example, right? But the way we're going to use it here is you are going to trade from book map data for the competition In to your trading simulator account So click on the drop-down and select BTC USD and then you'll select start Now if you don't see this panel here, it may be hidden All right, so let's just actually hide it now and I'm going to demo it again Right click in here, and then you'll see add panel and then add cross instruments trading panel It should pop up select BTC USD T here and then click on start Okay, now there's your confirmation now You can see that we have the option here to trade from either the chart the dome or both I'll select both and this pin will keep the Ability to trade from this chart always open. All right, so you might want to use that feature Okay, now all we need to do is select the size that we want to trade Okay, so we can select one point one point five whatever let's just for demo Let's select zero point one And we can start selecting or placing some trades now I also Want to show you We'll start to place all sorts of different trades in here However, before we go there, let's go back to this learning center Click on the link up here in the top right that'll take you here go to this getting started guide or course here And then in here, you'll see the section for trading Okay, click on that and then these videos here will go through how to trade from the book map chart or from The trading in general right so this is your go-to for learning how to trade All right, so now we're all set to trade and now let's let's set an order here. I will left click below The market here and I just set My limit buy order here Okay, and also drag them around etc And yeah, I'll you know, I'll be a buyer if price comes back down here And I'll be right in front of the liquidity that we see here on the bid Hey, we're trading into high liquidity right now at 27 160 Hey, and see if there's more buyers in here that maybe push this through There they go All right, so just back up to the top of the range up in here All right now you let's just let's just cancel all orders here or flatten the position And then we'll start to look for Some opportunities in here and what to look for right? Let me get back to some of the questions in here I just went through this as quick as I can in here basically to try to get you guys up and running So you have that first and then we can go through more information in here And cover more details. All right, so let me take a look here at the questions Morning Debra Louise, thank you You're already helping out here Trading mode it you need to use trading mode for the competition. It will be available via that trading simulator All right Yeah, so if you're a current bookmap subscriber and you have global You will still have trading capabilities here for the competition. No problem. The church should not be lagging behind Hmm, I don't know what to tell you Operator 19 Yeah, high-end PC should be fine. I'm not sure You may what I don't know what tick value you chose And it also you should be connected directly with wire Hmm now my my I haven't had any issues and I have it's a gaming PC, but it's kind of lower end gaming PC It's not that powerful. You guys have a lot more powerful systems than I do okay, I think I'm caught up on questions there and Okay, Louise Yep, thanks. I see you also in discord here Why do you get notification not a balance? Yeah, that's some that's an odd one Dee I I have run into this issue as well even though you do have plenty of margin margin is kind of an issue So let me explain some of the margin in here And then I'll get back to you guys on more details on this because we might I might run into the same issue That you're having right here during the live demo. We'll take a look. I know it's an issue We're trying to to fix it. Okay, so anyway So I yeah You know, I'm just to set orders and test this. This is this is not for trading purposes We will get into more setups and trading, but I want to go through this and demo this for you guys first So I'm gonna be taking trades all over the place All right, so just for the demo just to get you guys up and running. All right, so one thing right off the bat so Note that limit is the stop type here. This is not a Good idea to use. All right use market Okay, so you'll need to click on that and select market. This will allow you Let me show you why okay, because you can place buy and sell stops in here So let's go through an example Let's suppose you want to be a buyer if you see a big green dot up in this area here A price gets up there so you can left you can left click to be a buyer but you need to hold down the shift key and then In the trading window here to the right of the vertical white line you can click here All right, but note that this is a stop, but it's a stop limit So if the market comes up here and hits this order It turns into a limit order and you might not want that So you can use your center mouse wheel to click on this and cancel that order or you can cancel it here as well Using these buttons here right so Let's turn it to Market okay, and then let's just try to get filled in here So I'm going to place my buy stop here by holding down the shift and now you can see it's point one stop all right and We're trending down so let me now. I'm just going to move left click hold and drag it from this tag here And then let's see if we can get filled in here Okay, it's probably just going to hit that liquidity. All right great Now let's see if I can get filled Okay, so this is now a stop order. There we go. Okay, and then I will also place my Stop my limit now by right clicking above current price up here Now you guys can see the red or the I'm sorry the yellow line here is my theoretical average Hey, that if I have multiple orders, for example, I scale in you can see how it it moves here a bit, right? Okay, so there it just filled me. Okay, and You can also just Right click to set a market sell order here And then now I'm flat you can see or you can just hit the flatten button. Okay? Yeah Yeah, it's a weird D. I'm sorry about that we'll We'll continue this discussion about the margin in here Yeah, and please just reach out to support as well. They may they they're gonna know before I do Okay, so let's see The theoretical average you guys there are some add-ons that we're gonna go over In the next couple of days that you do get access to which is great One of them is liquidations And I think this theoretical average you may see here if you don't we still have it as an add-on up in here that you can add it is the break-even indicator and I know I have it We've done some more work to this one. So it's actually a little bit better. Oh, why I can never find them in here and Let's see Sweeps execution I'll get back to you on that. I just don't see it here at the moment. I know I have it Okay, I'll get back to you on that. Anyway liquidations. Make sure you have that selected in here We're gonna cover this one. It's a very Insightful indicator it works like stops do is even more powerful. Okay? So We're gonna Show that in a lot of the different setups in here. Okay. All right, so now Let me double check here back in YouTube did everyone get kind of set up here see I Believe so Deborah I had Support down install Yeah, that you probably didn't have the trading mode Deborah Because you need to maybe install book map 7.4 build 18 or 19 It should work and then you you need if you you'll need to go through and you'll need to install that trading simulator that I just showed You okay, that's really important. Okay. I believe that's what the add-on that creates this trading functionality All right. So yeah, try that Deborah and then let me know how that goes Okay All right Any other questions I'm getting set up And the process you need to go through Okay, another thing to do now once you're all set up I I would recommend coming up to file and then saving your workspace as and then let's just call it Crypto competition, okay, let's see any other questions in here. Um, can you have The most recent book map version on a separate device Yeah, I mean you can have book map various versions installed wherever you want That doesn't matter you can have as many book maps is stalled on as many machines as you like Only one will be accessible at any given time though. Yeah, that's not a problem. You can do that Lucero, okay All right, now let's start to get into I Don't know if there's any questions on the rules and Guidelines, etc. And then then we can start to get into more regarding the Trading So let me just take a step back here go to competition dot book map calm And then we'll scroll down here a bit. We went through the prizes Time and duration. Okay. Is that clear to everybody? So 12 p.m. UTC or 8 a.m. Here Wednesday morning New York time Right to give any reference To 12 p.m. UTC on Friday. So 8 a.m. Friday morning. It will be finished a Trading instrument that's clear is BTC USDT Trading capital, let's go over this because this is this is really important You will get a hundred hundred thousand dollars of virtual currency here and This is your your leverage and your your Margin, okay, so what exactly does that mean? Well, how much can you trade in here? You want to try to win the competition? There's various ways of going about this The let's just bring out the calculator here and make some simple calculations Okay, so this instrument is let's just go with a twenty seven one hundred twenty seven thousand one hundred, right? Okay, so Now we have a hundred thousand dollars. I'm sorry. So let's start with hundred thousand dollars Okay, and let's divide that by twenty seven one hundred That equals three point six nine. Hey, so you can trade Three point six nine at this very current moment with a hundred thousand dollars. You can trade three point six nine Bitcoin Hey, you would be maxed out Hey now if you have a quick loss on this you will not be able to trade that much you'll you'll be below your $100,000 at that point Okay, so your margin or your balance Will determine how much you can trade Okay, now let's suppose that you You were all in and you traded three point six nine And and you had a small winner or a nice big winner and let's say you're up a thousand bucks. So now you have You know hundred and one thousand dollars You will have more access here to to Leverage pay or margin at that point you'd have hundred and one thousand and then you would Have at that point With this current price Three point seven two Contracts are Bitcoin that you can trade. Okay? All right, so that's a it'll How however you want to manage your positions? Will determine or your margin will be determined by your account balance? All right, so let's move on next question order types So you can place market limit stop orders you can use brackets and you can use also OCOs However, they are client side, which means it is on your machine only You can see that here and it's managed by book map. So That means that The The balance here is going to determine Your your brackets. So, you know be be be aware of that because if you usually use brackets for example and you trade And you're hitting your margin those brackets aren't going to populate. Okay, so Yeah, let's see if I can I can duplicate that here, okay, so I'll put in three Point six. All right, and let's just go along here Okay, see note how my brackets were canceled here see that So my brackets were canceled and what you're gonna have to do here as well is I think we put the functionality where we can now trade the opposite side here You can just left click in here and you will cancel your order. No, see it didn't work here You need to because you don't have the margin or maxed out. So we need to hit flatten Okay, that's how you're gonna exit your position Okay, so this is like real-world trading. I mean that that's how it works You do not if you had a futures account or you know stock account or whatever Or another Bitcoin Account you cannot place other orders if you've already maxed out your margin You will have to hit the flatten button. That's the only way. All right, so that is realistic Okay And that is not that that is not an error All right, let's see any other questions batch the Yeah, you can trade the entire 48 hours note. No problem. No only BTC USDT Only one instrument Okay, and let's see a Louise. Thanks. Thanks for helping out here Answering some of these questions Yeah, I know there's gonna be a lot of questions in here guys. So that's why I I really wanted I want to take some time before the event And so you're well prepared for the event tomorrow Previous competitions the format was it's somewhat similar. This is all new for us though We're we're hosting this competition Completely whereas before we would work with a broker or Someone else who had the Simulated accounts. Okay. Now we have a simulated account. So it's very different No, no, we announced this last week batch. So There was emails that went out last week Regarding this competition Alright, so any questions on the orders order types in here. This is really important We're getting down into, you know, the the mechanics here All right, if not, let's move on Trading dashboard the leaderboard is here. You can click on the link. It'll take you right to it. It hasn't begun So you don't see anything Okay, and determining winners Yeah, well, that's that's pretty straightforward It would be a when that when the competition closes here All orders will be automatically closed at the market price When the competition concludes All right. Yeah, there's a there's a guide here that You can go through And then also connect I sent you that that connection video Okay, I'm not sure if we have it listed yet in the Connection guide here from the learning center Okay, but I put it into the link here. You can see it from our book map Videos here. Just click on videos here. It is connection for crypto guide here and then Going to share this with you again. All right, there you go. Yeah, some okay, so some Exchanges or brokers will allow you to be short and long at the same time I Didn't test that. I'm not sure. Let's let's go through an example Okay, so yeah up here. Let's say we're gonna be short Okay, but actually see how it set my limit or my my Bracketed orders here because I have enough margin is point one here Okay, I'm actually going to cancel all all the brackets here. Just click on cancel all Okay, this is canceling orders. I'm still in the market. Right. This is just canceling any open orders here All right That's important Using these tools here now. I am short right, but let's hedge this and Can I be long? Well, I actually know I cannot if I if I hit Market here Then you can see I'm just filled immediately and my now I am Flat okay, so no you cannot I Should have known that So That's that you cannot be long and short at the same time you can have different orders in there though for sure Okay, so you know Let's place a bunch of limit by orders here and then We're gonna hold down shift and then right click above here And we should be able to yeah, see we cannot it's rejected I should be able to set some limit cell orders up here Hey, let's just cancel all let's flatten All right, and let's just set one here Now I can't set any. Okay. Now I can set one flatten let's Yeah, I should be able to set one Yeah here, and then I should be able to right click and also set one up here now I cannot I should be able to set an OCO I Left click and left click. Yeah, so you can't you can see I set an OCO here. So I have one limit and one stop Okay, so that's possible But like I said, this depends on your margin the bracketed and well in trailing stop I mean like any of these will depend on the margin that you have it is client side and Let's continue on here Hold on just a minute. Okay. All right more questions in here, and then we'll get into the Q&A again here The document you still Can't choose trading mode Thomas. Okay, so Thomas. Did you try do you have book map? 7.4 version 18 or 19 and then did you also install the Trading simulator Okay, did you control install the trading simulator? And then did you connect to book map data the way that we just did and And the correct instrument Okay, and then finally what you need to do is Open up this cross instruments trading panel you need that as well Yeah, I'll we see it might be you cannot short three You should be able to short three if you have a hundred thousand dollars in there Now note you guys can play around with this until the competition begins, right? So this account right now is is you can do whatever you want test it Try strategies, etc. Okay batch or you're just talking more about the hedging still Yeah, yeah, you can you can place your your your other orders no problem You just can't be long and short at the same time. Yeah, okay All right, Thomas, that's the best I can tell you I mean, I know I know those are the main issues For being able to trade if you don't have that trading functionality. You need to have that trading Simulator Installed and you need to have also book map data with the correct instrument and you also need to have this cross instruments trading Operational here Then you need to just select select your size. Maybe that's it Maybe you just didn't select a size here and also maybe didn't select, you know Trading from both here or the chart whatever And then that's it Those that should do it for you. Okay. All right. Let's let's go back to the document here or the what the web page for the competition and we'll scroll down and let's go through some of the FAQs for you guys, right? This this is I know this sounds like It's kind of pedantic here or maybe a little boring but let's go through all these details and then get it hashed out now before the competition starts and then we'll start looking at the live analysis and and various Ways to to read book map to help you for your crypto trading All right, so how to sign up. That's pretty simple click on the link here It's actually not as simple as you think in a lot of cases Let's let me just show you why here I'm gonna open it up in incognito and we'll go to book map and then I click on the link to join here Hey And it takes me to the log in here Okay, so You will need to sign up obviously in order to download book map, right? So you need to sign up if your current user just log in if you're not you need to hit the sign up button here, okay? So click on that and then you'll sign up Okay, once you signed up in here, you can see this is for the competition the registration You'll sign up here, and then you get a confirmation It'll take you finally back to this this competition dot book map comm web page landing page. Okay, so that's how you sign up and Yeah, you can trade before the competition. We just covered all of that and Why isn't the trade competition showing up in the cross trading drop down? Okay, so we're covering that as well Yeah, you need you need to select trading mode and the in the run options in the very beginning Did you do that Thomas as well? Hey, otherwise if there's not trading mode, you're you're you know You're done for in the very beginning Okay, so the way that you can check that Thomas is by the lower right-hand corner see that data live trading real Hey, do you have that? And let me jump over to discord and see how things are going Okay, D. I won't be able to watch this right now the Okay, so your operator 19, okay, I Won't be able to watch this at the moment. I'll get back to you after the webinar finishes and Thomas, let's see here You cannot choose. Okay. You should be able to choose the Run option. So did you sign up for the competition Thomas? So make sure you signed up for the competition then you should be and then you download and you give yourself a username for the leaderboard Then you should be able to go into trading mode Trading real Okay, that's what the issue is Why isn't the competition showing up in the crosshairs drop down when you launch book map? so Yeah, you need to be in trading mode And then you need to connect that trading simulator. These are I mean this is these are just the mechanics guys And this is what you need to do Yeah, see here Yeah, so did you connect to the? See it says book map data Sim account down here and it's connected Right, you need to see that as well in the lower That's what this FAQ is about And in book map in the lower right hand corner Book map data connected trading simulator connected. Okay, leave. That's it. Let's go on to the next one Can you use tools and third-party products in the competition absolutely use whatever you want However, the the big difference here is you will need to trade for you book map. Okay, that that's There's no way around that Okay, so that's what the competition is all about Okay, actually I want to show that here because what you can do is We have also like a longer term higher time frame Book map data within our book map web Platform here and you can log into this now too. All right. So because you can sign up here, but sign up through the Event and then you can log in here if you want to Look look at this instrument here go up once you've logged in you can see now. I'm logged in and then go up to multi-book here Hover over it and then you can come down and select BTC USDT for multi-book here Okay, and then it will this will show up now you can see I have a month of data here within This web version of book map Okay, and this gives an incredible insight I mean look at this liquidity down here the bounce here and the move back up to liquidity at 500 up in here Okay, for a month of data in here. So big question up here, right big question. This is a double top up here We can look at maybe the dots as well as the bars in here and we can start to understand if Let's get rid of some of this information If we have maybe Exhaustion on the second leg up here and actually, you know, we see quite a bit of volume there. So But it did not make a new high yet and it's starting to drop so You know look at your higher timeframes in here and we may see a drop back down to about 26 500 or so They were it broke out from here Right. So yeah use your Use this as a resource here and then you can jump into your lower time frame here within the book map Installed on your desktop version Okay to get that that that insight and then you will be trading from here So use whatever resources you can you will need to trade from the book map chart though All right, and let's go back to questions and answers here FAQs What needs to be set up before the competition you have to have book map installed we went through that I Here's the guide here. This will take you to the knowledge base We will have the video in here shortly I'm going to put this link into the chat for you as well So that you guys have that All right also in discord There you go and I didn't put the let me put this into discord as well Or the video connection video. All right, there you go. I'll put it once again into YouTube as well. There you go. So there's the video for connectivity Yeah, sure sell a practice your heart out absolutely play around with it and Over trade just note that sell it like we were talking about yesterday and Friday You know Hone your your trading style and your trading plan here That's this. This is what it's it's for and you know trade your heart out right now and then you could take advantage of looking at some of these things like Well, actually to be honest this if just off of what we've seen so far today I was not anticipating this move here this breakout move Did not look very good to me But here it goes. So now I am looking actually for two hundred twenty seven two hundred to trade All right, but then again, we'll get but more into the strategies here And what to look for, you know, I'm not looking for it immediately right now Hey, I don't have something in the order book to to help Okay, I'm looking for this to maybe curl around and maybe for more on the bid here And then other green dust to start to show up Hey before I am interested in and taking a position here again. This could be like a flag pattern, right? It's actually done it already leg one pullback leg two Okay, now it might be a bigger flag to it might be, you know leg one pullback leg two up into 200 All right, but we want we're gonna go through the checklist And I will provide you guys a checklist tomorrow for the competition Okay tomorrow again, let me just show you again. I'm I know I'm kind of all over the place here but we'll go to the Bookmap learning center and our calendar here And then scroll down here 9 a.m. You can click on this and you can add this event to your calendar This is for the trip to crypto trading Competition the setups and events and I will provide you guys with a checklist What to look for? All right For higher probability trades see how if we had that checklist in here We noted note how we didn't get those those buyers in here and we didn't get too much support in the order book either Right, so we wouldn't have gotten into this position Even though we're still looking for it to come up here to 200 Due to this this pretty pretty strong breakout trade Now we just haven't seen anything else support that though All right, let's go back here and Let's you looked at our higher time frame And I just covered the calendar again Connection guide in here and other resources in here. You guys will see In this knowledge base link just keep you know scrolling through here. I Guess this is only for connection Yeah Okay, all right, let's go back to FAQs What's the deadline? Yeah, we covered that already September 20th at 12 p.m. UTC, which will be 8 a.m East Coast time here in the US All right, so yeah, so the announcer announcing of the winners. I guess That's gonna take place on the 23rd here Okay, but you know, we'll have the leaderboard open and you'll probably have a good idea But we need to also go through some compliance issues Need any assistance reach out to support here. We also have our Discord channel that I showed you Hey, so if you haven't already registered to our discord channel or joined I would recommend you do so. It'll be easier to follow here. Just go to the You know bookmap discord and then under bookmap trading competition here You'll see the thread right and Yeah, that's where I'll also post this You know trading resources and this checklist that I I'll create for you guys All right, let me let me double back here and answer any questions for you guys Thomas. You got it great. Okay? You had to change your license key really? Okay, I think we're all set All right guys, well, let's let's take a look here. So now now look what we have here, right? Look at this So let's let's jump in Okay, now that's a horrible entry, right? I don't I'm not comfortable myself about taking this entry up here But we I'm just jumping in I would have loved to have gotten in somewhere around in here Okay, and trade it up to the top of the range. It gives me a little bit of like kind of leeway in here, right? I don't know if this bind will continue up here, but I'm just jumping in for the for the webinar here and Here's what we had going for us. We have The we're looking for this. There's there's our move. Okay. Now. I'm gonna exit this now watch this here And and this is why I'm gonna exit here as well. All right This is from observation in crypto and we're gonna cover the this is a great opportunity to cover Liquidations in here Okay, now let's just go through this in here. All right, so I'm gonna kind of double back in here And we're looking for we were surprised to begin with that. We got this huge kind of move in here Let's just hold on for a second here. All right, so we got this move here Hold on We got this move in here, which is kind of surprising. I don't see anything in here I know there's heavy selling here and then pretty good buying in here But then pretty good selling in here So there's I really don't see any any edge in here except for maybe something smaller time frame in here And then this kind of popped up on the radar in here Where did this buying all of a sudden come from this kind of odd? And all right. Well, that's a surprise. Well, then top of this range. There's liquidity up here at 200 Great. All right. Well, then is this going to turn into a flag pattern for us Right. So and we weren't quite sure at first because this was kind of odd to see this out of the blue And maybe this was our flag already. So we stayed out of it Waited for this pullback to unfold and Then look at the it's starting. They're starting to buy up here. It's not quite enough Starting to buy more. It's looking pretty good now. It's looking much much better, right? Hey, and then starting to buy more now this this big green dot in here is where this kind of I saw that in Real time and it's like well hold on now. This is starting to unfold a bit, you know and I I would look for getting in somewhere around in here and then watching it very closely here at 27 180 because there's liquidity there And you know, this gives me a little bit of breathing room in here Right between this 172 and 180 We're looking for 200 to trade That's the trade That's the setup here All right, so We're we're looking for that and this gives us a little bit of breathing room to you know trade up to here And then look for the breakout. So instead, you know for the webinar here. I jumped in here We also had what we had a couple things in here that look good The order book underneath here is now supporting it. There is some demand underneath here with some buying liquidity Still 180 is up here, but there's a little bit pulled but not too much if they're staying in now They're starting to pull and you can see it here Yeah, you can see it here. So, you know now we're jumping in And we're looking for it to break out now. We'd have to bear the pullback in here It's not the greatest entry. Okay, but we're looking for it to to work out Okay, now it worked out. All right a lot of times I place my My Limit sell and take profit right here The reason being is I'm just looking forward to trade up to here Hey, now I only had 0.1 on so, you know, I I took I wouldn't have much leeway in here or breathing room if I had maybe two positions in here You know, maybe I saw this see like I would have maybe gotten in here and then maybe here as well Okay, looking for this move to unfold right that that averages in my cost a little bit better And and then I can place my stop down below here or here. Okay down below the swings Right. So, you know pretty quick or small stop now what I'm looking for is the move to 200 I don't know it's gonna do this but note this with crypto. It does this a lot And then or retrace 100% and then even drop Below that like it did here. All right, so I am going to get out. It traded into liquidity here here and here And this is large trading Now this is where I wanted to cover this and why I exited here. Okay, because I saw some selling starting to come in Is we shouldn't here 8.2 K Actually, it's not a whole lot In fact, let's go and let me show you this liquidations add-on in here We'll go to the configure add-ons now. You all should have access to this Okay, if you don't see it here Then this is where to go go up to your settings and go to configure add-ons here Hey I'm sorry Well, yeah, you can do that and then you can then then we can we can you can you can just add add it here Or like manage your add-ons here. So scroll down to the very bottom. Let's click on manage your add-ons See where this takes you earlier we are in the add-ons section for our adapt or adapters for connecting now we're in our level one add-ons, which are our indicator add-ons And if you do not see your liquidations already installed here Scroll to the bottom and you should see available for install and Yeah, see the break-even point here. I'm gonna install that and we're gonna use that one All right And if you see your liquidations in here click on that and install that Okay, and then I'm gonna come up here and now I installed My break-even indicator it's down here. I'm gonna select it All right So what I wanted to show here on the liquidation indicator. Let's go back up here Click on it. You know, we're looking at the base or quote currency in here You can look at Bitcoin. This would be coins With the base and the quote is USDT. So that's showing The liquidations in terms of thousands of dollars here 8.2k And it's not a whole lot actually. I'm really surprised on this move here. So that tells us something too like well this this is New buying potentially I don't see a lot of liquidations there But if we do see a lot of liquidations, and I thought we would well then this is like a stop run And if we can get sellers down below this area here, then we're looking for it to potentially reverse Pretty pretty nicely because it it peaks up above that range like this Okay above all of this here stops people out and then moves back down All right, so this would be a false breakout Okay, so you'll note that kind of behavior in crypto a lot Using the order book within book map here will be very helpful for you Hey, the You'll see like we covered this yesterday a bit Watch how you'll see some of these algos follow up underneath or On top here and they will push this market Okay, you'll see it here. We just saw a little bit in here That this algo kind of pushed it down like this You'll see it all the time in crypto They'd mark different markets. They trade a little differently. You'll see this in all markets though This is not just exclusive to crypto markets All right, let me double back to and get to the questions here I just went through kind of a lot of information here Okay, looks like I'm all set up We're all caught up with questions Okay For those of you who are new in here, then let me show you another thing I think you'll find very helpful is let's click on the learning center here Hey, that'll take us to the book map learning center and this market mechanics course in here I would recommend even for current book map clients. Maybe rewatch this course part one at least And understand that we'll go through some examples. Okay, so understanding things like this in here a best bid best offer These are very basic market mechanics. It sounds maybe Too basic But it is not it is very deep actually. These are how markets actually operate You will see this in in crypto probably even better than some of the other markets Hey, especially years ago when crypto was like at 10,000 it or less 5,000 It was amazing to see Hey, the amount of how these markets actually work It was see how they're pushing up underneath here like this They're pushing they push it right into These limit that's 153 coins here pushing it into this Limit sell orders up here Okay, and see how now now we found some sellers after that Transition there and now they're hitting right into this here Okay, and absorbing it these these limit buys now sellers are gonna trade through it. I bet here And probably and probably come right back down into 200 here. Let's see See how they're just eating away at this right there. There we go. So it broke it right down into 200 Okay, so this is where this order book and book map is going to be so helpful for you You're going to be using liquidity probably a lot more than Some of the other markets Maybe is that these market-making algos here within crypto? They're they're pretty I think they're pretty easy to read It is pretty transparent in here All right, so Anyway, and if that is the case Then if you're looking for taking some maybe high leveraged Short very short-term scalps all day long. Maybe that's a good strategy to take a look into All right, so, you know pick pick your poison basically Okay, so that's why I recommend that you come back and you watch this in here I'll put this link into the chat for you as well. There you go Oops, hold on. Did it go? See it in YouTube Well, let me try that again, huh? Okay Yeah, yeah, okay, it went. Okay, so there you go. There's the link for that Yeah, I'll we some maybe remove this spammer in there separate I've reported them a few times. All right, I just I just removed them All right, let's take a look here and I want to zoom out let's we left off on the Liquidation Indicator and how to start to look at that and use that we'll look look up here 125,000 Liquidations a the the move that we saw here was wasn't as big as we thought it was only 22,000 Hey, sometimes you'll see a million in here. It's amazing These are liquidations. I mean these are people's like accounts being closed basically They've hit their margin. These are margin calls We see a hundred and seventy Every hundred ninety seven thousand down here 23 different separate events that started here all the way through here It's aggregated it into this one big event basically. Okay now high liquidity getting filled and margin calls all the way down So this is something to take a look at here So you're getting high liquidity getting filled on the on the bid You're you're getting basically like a stop run here, but it's it's even worse And then look at where the buyers come in back up above this liquidity here These these can be great setups for potential reversals. Okay, and look what happened in here Margin calls on the other side in here and then in here a hundred twenty five thousand up here 28 events Okay, so these markets are this is how they operate liquidity or people's account margin Her margin calls can be used as basically fuel to the fire in here just like stops Okay, so this is something to add into your checklist to take a look at You can also look at the you know, we've covered this I don't know a year or two ago when when that liquidation indicator first came out We noted how you know, you'll see a Liquidation pretty big a liquidation event and then a retest up here, and you may see very few All right, so there's a divergence there Right the market tested up here, and it just couldn't move higher. It didn't find Liquidations here watch the sellers come in and trade it back down to this liquidity down here at 27 140 Okay, now I wouldn't recommend just going off of liquidations. You need to have other things in here That'll help you. Okay. So in fact, let's take a small position here And I just shorted by right-clicking below current price now. We're not looking for much in here We don't have a whole lot, but we do have liquidity here on the Offer at the swing we know sellers came in and we know there's a swing here and Down here and there's liquidity here. So let's front run that liquidity down here, and I will Left-click in front of it right and that'll be my target here Right now We can also use an OCO in here if you want to do that because I just jumped in with a market Or you can use your your brackets as well Hey, like I said, these are client side. So this will mess or affect Your margin in here Okay, so but then this will be my stop up here And I'll just get stopped out By I'll left-click and hold shift down and then down below here I'll just left-click right so that that'll there's my stop and there's my take profit Okay, it's not looking good and Likely I'll just get stopped out here Okay, but anyway, we're going off of like we said, we didn't have anything great here But it was this divergence here in the liquidations and that's what we We're gonna add into Looking at maybe a higher probability setup when we we have that on our side We just didn't necessarily have some of the other elements here on our side And still it still may play out, but it's not it's not highly Probable. In fact, let's do let's do this. Let's move our stop up above the swing and this liquidity here Okay, and then yeah, we'll keep our our our take profit down here. Just kind of in front of this 140 all right so anyway We'll add that into the checklist for tomorrow any other questions Hey, we got about five minutes here So anything else you guys want to go through there's another tool to use here You may or may not see your balance in here Okay, so in the trade control panel here, you can right-click in here and configure And you'll see what's available in here. So I don't have realized profit Checked if I if I select it, then you'll see it here And it says are real realized Profit loss Okay, so whatever you want to put in here. It's up to you Use good deal cancel. I would suggest using market for your stop Order type here. I think by default it was limit. So be aware of that This will be a stop here. Let me let's let's just let's cancel this Um, and then I'll reopen I'll flatten this and we're gonna reopen with brackets Okay Now it created a stop here for my bracket. I thought it I thought it might I Didn't have to select it let's flatten again And let's try it again Now I created it it did it right And that's good But I would recommend play Using a market here you want to get out of the market and I'm about to get stopped here And there we go. Okay, so stopped out now note See how the the bracketed order here it hit my stop I'm stopped out my position is zero and my take profit is canceled now, too Okay, you can use that if you like, however, it is going to eat into your margin power All right, let's let's zoom out here. Let's take a look bigger picture here and what's going on Yeah, it's looking actually pretty good for the breakout up into 300 now Let's let's zoom in here and let's take a look. Yeah, I'm gonna I'm gonna let this pass It looks pretty good. I like it But we're at the top of the range and it's just not worth the risk here Although I do think it's going up into this 293 hundred okay, this is why I'm avoiding this here is that this is top of the range here And getting in here is too much risk Okay, if I got in here When this started to go against us in in this little area in here, this looks pretty good Okay, now it's through that liquidity in here and I start to see a little bit more So that's that helps us as well Okay, and then see how the risk would be so much less And instead of having a loss, I would have either a scratch trade or maybe a small profit Okay, any other questions that you guys still hear me over on YouTube and Let's go through our Higher time frame as well. Let's let's go back to that bookmap web Like I said, you guys can use whatever resources you want in here Okay, there's our move. That's what we're looking for. It just it wasn't worth the risk. It really wasn't so You know, you have to let be okay and let some of these things pass if you Don't want to take that risk Because it could have easily right in here, there's best buying here And then it comes back down into this range and we see some selling I could easily have come down here Into 200 or or lower easily. All right, so let's go to our bigger picture Bookmap web. We're gonna use that Yeah, you need to you need to sign in and then also go to multi book usd Or BTC USDT All right now. We're looking at one month in here. That's a bit much. Let's look at one day For those of you who are using your candlesticks in here So, you know, look at this high liquidity up here at 500. Maybe this is your simple strategy, you know You're just looking for Momentum up into 500 or maybe 28,000. Just make sure you go through the same kind of checklist in here That you're looking for a 2500 or 27500 looks pretty good And volume starting to pick up That's Want to see the buy volume start to pick up here and there's a little bit Yep, so let's see if we can get that that move up into 500 here in the bigger picture You can also place your candles in here too. Okay, so maybe you're a candlestick trader And you're looking at some of the swings in the candles in here All right, so, you know by a candlestick analysis, you got to get it back up above this 300 here Uh, the swing is up here obviously, but you look at that that candle the big red one Pull back big red one, right? That's your flag pattern again This would be your gartly your fib pattern, but You don't look at fibs fibs are Little nonsensical in my opinion. Um, but um, it's a good, uh, the gartly pattern example All right, so here we go. Uh, we're up at 310 now. Okay Through 310 we went all the way back up into So this was a nice breakout here Okay, and we stayed away from it All right, and here's our pullback All right, no more questions Yeah, now it's up at 360. Okay, so that we just missed that um I'm sorry. It looks like I keep on having to re Sorry about this everybody. I have to keep on, uh Refreshing youtube in order to see the latest questions Yeah, batch. You've got the idea. Uh, you're looking at that that context between the large green dots and the liquidity Right and who's winning the battle here? You know who has more supply or more demand? Yep, and uh, mark is just closing in europe Okay, everyone's connected Right, everyone's good Excellent. All right. Well Everybody best of luck in the competition. Go for it. Uh, you know have fun with this Come to all of the events that we have here. We have a lot go to the learning center and You know, you'll scroll down here in the calendar and you'll see the events in here for crypto And then go to our Um Our hub is going to be well you have the knowledge base But the hub is really going to be on our discord channel Uh, and it will be under the book map trading competition Uh chat room here. Uh, this is where we'll have the most updated information and discussions all right, so um We will see you tomorrow at 9 a.m. Uh and go through more, uh, uh setups trades answer your questions Get you set up whatever is needed. Uh, and then we will have later in the afternoon We're going to have the um one p.m. Uh east coast time Webinar with john slaws us, uh, who is a professional crypto trader Uh, who's been trading futures for decades before making the transition over to Uh exclusively crypto All right, so interesting move by uh by john, uh, and uh, he's a complete expert All right, so you might want to come to that webinar as well Thanks everybody. Uh, we will uh catch up with you uh, and um Uh, good luck with uh Your trading. All right, we'll catch up to you an hour into the competition tomorrow Uh at 9 a.m. East coast time See you then. Bye. Bye