 Good morning traders and welcome to the bookmap advanced education live trading webinar This is today. It's a live analysis. This is Bruce at bookmap So I do the live analysis on Monday Tuesday and Friday at 10 a.m. We go for about an hour and then on Wednesdays we have live trading stocks trader J trader 10 a.m. And on Scott Scott Balsini on Thursday a futures trader Okay, so this is part all a part of the bookmap education that is free and open to all and Pretty pretty nice offering that you get here You get the educational course and then these live advanced webinars as well It's all part of the global plus subscription. All right Let's go through some disclosures and then we'll dive in here to the the live market we just saw in the previous webinar pretty nice I'll go through it in just a minute here. Anyway, general disclosure all bookmap limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations The risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results all right we're going to jump right in and See where our price is going This is where we left off a little volatility in here. We just left off on the previous webinar guys We were talking about this and this was a pretty easy Move I thought okay? We were talking about it down here. Okay, just above this figure at 4200 Okay, it it's in the previous webinar. Here's why okay? Let me go over this here I thought this was a very easy scenario to see okay. This is worth 20 points in the S&P All right, we're looking for 40 to 20. These guys have been up here forever All right. I don't know a good morning Doug. Good morning Alan a Doug or anyone else that has a book map open for For a while. I know we saw him yesterday all day. Okay, maybe the previous few days as well Maybe all week. They've been up here at 42 20 Okay, they're gonna get filled they want to get filled they're they're not pulling their liquidity We're still they still haven't gotten filled but we're looking for it right so anyway The scenario was very simple Okay, that we're gonna break down below and this is just typical S&P or it's just typical market behavior Look at this Volatility here right around non-farm. Okay Immediately went to the downside the numbers were were pretty bad pretty negative and then immediately went up to the upside Okay, look see this area around this black kind of like a dark zone around it That's other traders pulling their liquidity out of the market They do not want to trade and they do not want to put liquidity into the market because they don't know what the numbers are When there's less liquidity That's when you can get volatility Okay, this illustrates that point beautifully right here. Okay, now typically where to where does price go? It typically goes to Typically goes to areas where they do stay in the book Okay, now they kind of added and pulled up here a little bit that we didn't get up into this area here Usually you'll see they'll stay in the book and get filled like in this area here Or they'll stay in the book down here and and get filled in that area down there And just bounces around right right between areas where they are staying and providing liquidity. All right Now the scenario here was a longer-term higher time frame outlook for this move into 42 20 Okay, and there we go. We're just about there And looking for it there we go No, just shy of it Anyway, it's inevitable the This is what we're looking at here, right? And look at the shenanigans like a Lot of buying in here. Okay looking forward to go high. I was looking forward to go higher in these areas here, right? And it it didn't right you see in fact more sellers come down They test the bottom of this range right here. They go through stop run here. In fact God, do I have I think I have my MBO from that time. Yeah, you see the stop run here and you you Right below the swing here, okay Every get everyone stopped out get everyone going the wrong way sellers coming in thinking wow, okay It's it's going you know going with the numbers And then the like there's two different scenarios. We went through and that we were looking for one is And the primary scenario was buyers above this 4200 right where it broke down from here Okay, we get our buyers here. We're looking for it to come up into the swing here. Okay The swing up here from non-farm Okay, and then and then the breakout into 4220 which it's still kind of fighting here It still hasn't quite got there yet but looking for it and Anyway, that was the primary scenario secondary scenario on this was was pretty straightforward as well We'd get up back up into this 4200 See a lack of buying not pushing through Okay, and then we come back down maybe around the this Around 97 to see more sellers then we'd be looking for the lower lows at down into 4190 or 85 etc Wow, beautiful. Look at that move into 4220 huge transaction. Just Huge, let's just zoom in here. I want to I want to see what's going on here Okay, these guys got what they wanted. All right, and We even covered it in the previous webinar We're looking for a little bit higher a little bit through that area trap some of these buyers here into 42 22 and a half and then also 25 up here. Okay, so we'll see we'll see Now we'll go through the other opposite scenario here. Okay, what if we get down below 4220 and We start to see sellers Okay, a lot of sellers. Well, then this breakout is not is not sustained And we're looking for sellers to drive it back into the previous Value areas. Okay, the likely one would be here around 15 just to begin with. Okay, and then point of control around here You know just looking at high volume nodes looking at where value was established previously Okay, these are those areas. Okay, and we can look at the clusters of volume. We can look at the Where price went sideways and and created value, okay before before Moving to other areas and that's what's going on here All right, so we'll look for that scenario and be open to that as well Okay, another one up here these guys that put here 42 30 They're providing liquidity up there as well. Okay, you can you can see them, you know faint a little bit fainter actions here They were they were up here earlier, but they're up here with more liquidity now, right? So I see a nice little 10-point move up into 42 30 And let's just take a look at what's going on here. Okay Now this larger player came in we saw this Previously and you know, I hate to To say that to you guys That's what happened here. Here's where you came in right at 10 o'clock, right? You can see this larger player coming in right and now they're what what this is what they're doing here Is there they're well, I mean there is establishing or you know kind of Skewing the auction a bit here, but here we are into 25 guys, right? So another nice transaction, but what we're looking for is not so much this liquidity in here We're looking for where the skew stays in the book. Okay like in here at 25 They stayed in the book and they got filled Okay, this larger player. Okay stain. How many points away? Just a few few points away two and a half points or so away from the market and or three points maybe And you know, they're they're providing the equity on both sides here. Okay, and they're pulling and adding on the other side Okay, so they're staying in the book, right? They're they're it's a likely Stacker algo queuing on staying in the order book or I'm sorry moving along Straddling price on the bid and the offer Anyway it was a little disruptive here at 10 because All of a sudden that we didn't quite know who might be taking control once we started to get back up here though And started to understand where price was going Yeah looking for that 42 20 Let's get through some questions here Is there a dial for audio? Yeah, there should be Can you not hear me a geo if I mean you should be able to bump up your your audio You know, it is but it's based on your own system not not in Or maybe there is audio settings in yeah, I think there is audio settings in Go-to webinar. Anyway, you'll have to play around with that Let's see Alan If there's no orders during non-farm, then who is trading? Well, they're still trading. Okay, it's just that There are a lot less orders Okay, we can go in and take a look at that Alan. It's not like, you know, everybody pulled sometimes That's that's the case on very thin markets and stocks. You can see that Okay, and Yeah, it's fascinating Right here. Well, let's let's just zoom into this area here Okay, so here's our non-farm All right, and we can look for precisely at these areas here. Okay here Well, let's look let's look actually. Yeah, this is this is great. I just love this kind of stuff See how thin this is there's still there's still orders in here. Okay, but not many right not many one three a nine, you know nine is high liquidity at this moment here This is three or four seconds after non-farm Okay So there's still some liquidity in here. You can see it and you can see it in the heat map as well very faintly but you know look at it at 09 and then at 10 this is for in this small view here That's high liquidity. Okay, and where did we go right to it? Right price can very easily just blaze up to those areas Okay, and transact where did it go down here high liquidity on on the on the bid? All right, so it's a it's a beautiful lesson in how these markets Behave, you know, how markets work in general understanding that liquidity is such an important piece of the puzzle and Most traders that have a hard time understanding liquidity that at least a lot of the retail traders and the reason being is that We've never really had access to it before like this. Okay to really understand we can understand the concepts We've never seen it visualized. Okay, and that's the key here because now now we can understand the story and visualize it So for example Alan's question. I mean, there's your answer right And and you can really understand that I mean look look how different the liquidity is it's like a totally different instrument right now 150 or hundred and sixty five hundred ninety two hundred ninety one whereas before it was one one three and nine right, so completely different Right, so anyway and and look at the volatility in here now Right, it has to chug through These areas in here Okay, now that's in peace kind of a nice market because you'll find the buyers come in here and take on that liquidity It's just it's an amazing market Like it's very high liquidity and yet you can see a lot of traders come in here as well Okay, so guys we were looking for that ten point move up into into 42 30 here. Let's see if we can get it. Okay. I don't know it looks okay I mean they're they're starting to starting to see some volume in here, but I don't see it in the order book yet down in this area here, so we want to see that kind of you know higher Probability trade of looking at a few different pieces. Hey, like there's some volume up here. It's not bad Okay, but it's not as easy as some of these other moves that we were talking about earlier All right. See there there's liquidity here on the offer. Hey front-running this at this 28 and a quarter here now see 29 right so You know, we're still kind of getting some back and forth in here Okay, now when the book was skewed now see the reaction to that liquidity and we found buyers Okay, so now we have the potential here Let's see if we get our buyers here and our move up into into 30 Hey on this on this rotation right here looking for it. Okay, it was due to the reaction to the liquidity here on the bid Okay All right now Let's see them bid up a little bit more and let's see if we get more buyers and try to trade up into this 30 area here Okay, so again understanding context between and what I mean by context here is the reaction to liquidity the You know that on the bid and on the offer Okay, and and what the aggressors the traders here with market buy-in sell orders Think about that. Okay. What's the reaction? What if they show high liquidity in here and the market sells right down into it? Well, it shows that there's a lot of selling pressure and they they want that liquidity they want to trade down into that area here Okay All right, yeah, we can see this was it this was short-lived as well a nice little bump here in liquidity and reaction to it, but Yeah short-lived still just looking for you know something a little bit better here For that that move in and stream up into 30 here Okay, here's a little bit more liquidity. Okay a little bit more buying. I like it I you know at least we can get back up into maybe 29 here based on that Okay, so Anyway, that would be the minimal move here now minimal moves. Let's just talk about this because You know just just looking for you know it to go a bit higher here and that's it Okay, just based off of this here. Okay now when we have something that's looks a lot better than that Okay, and this is starting to look a little bit better here So I'm looking for this move to to 29. I think we can see them pulling on the offer on this time frame Yeah, I think we can make it up here to 30 Okay, so let's see boy. I'd still I'd still like to see this bid be stronger here I'd still like to see it stronger You know, it looks kind of good. We find that we were finding buyers here Okay, so and they're pulling up here see the guy at 29 pulling Yeah, but yeah, it's still still now if we see them, you know add on the offer here and we find some sellers We're gonna drop down into likely down into like 25 or so. All right some other questions So Alan that answers your question, right? Is it usually just algorithms well, no, it's all sorts of traders that are pulling their liquidity Hey at that during that non-farm. What's the best indicator for up versus down action? Thomas that would be being able to read the context of the The price action. Okay, and this price structure With the volume within that price structure Okay, like right now. Okay. We're looking for buyers. Look at the bid to see the bid. Okay, they're bidding up We're finding buyers. I'm looking for buyers to lift it up into 30 now. Okay That's the best way Okay, it's a context between the auction in the order book as well as the The the volume within that price structure and where the target is because that's where the sellers are up here at the liquidity Okay That's the best way Is it programmable you can give it a shot Knock yourself out with our our API. We have Java and JavaScript based. You can you can do all of that Okay Yeah, still looking for 30 here Bid still looks pretty good here Anyway, let's get to some more questions Can you so absorption tool? Yeah, that sounds great as fan. I I love that tool and I you know I rarely go over it anymore is because we've got we've got a lot of tools now and The stops and icebergs is gives us such, you know such insight that you know, I've kind of Kind of shied away from the Absorption indicator, I I've always liked it though. I've always thought it it shows some very unique stuff All right, let me let me get to that in just a moment and Let's see. Thank you, John. Oh That's great, John. So yeah, you've hopefully you caught it early on from I mean like I said I I was waiting for this is we'd know we know these moves. I mean my god We've seen it so many times right here at you know this kind of breakdown and then break back out and looking for buyers here to lift it up into at least some of these areas up here to begin with but Overall, it was really this this would have been in this is longer term, you know higher time frame liquidity That gave us a lot of insight. Okay. This has been in here for a long time I don't know if anyone else has that information Okay, of How long this was in here, but they did not get filled and they're so patient They want to get filled right looking for it, you know, and this was the perfect opportunity for it to trade up into 20 Okay, perfect. You got all these guys going short the data short or the data is bad for non-farm Everything's looking good here. This is enough to just have a beautiful stop run In, you know up into up into 20 guys. All right, let's just zoom in here. We were looking for 30. It just transacted and Thomas put that I'll go together and You know put it on the marketplace so look for those imbalances and That'd be a great great tool for you to have All right Okay, you saw it at the close yesterday. Yeah, John. I saw it earlier than that. I saw it last week. I mean last week Yesterday yesterday, maybe even earlier. Um, I can't recall And I don't have access to that That higher time frame liquidity okay anyway, great stuff and Beautiful move even even this move into here. We're conformed, you know Even back in these areas here was like, well, they'll probably get to 20 But there's also like to see it would love to see it go through 20 up into 22 and a half and 25 And then potentially maybe 30 as well because there's there's high liquidity up there Now you got a lot of people going long Okay, now we're looking to see if and you know, a lot of these guys have gotten filled here These this longer term high liquidity in here. Okay, so looking for sellers start to come in now Right. They're starting to okay, and we're going to go through the same process That we're just covering with thomas. Okay, and we're going to look at the the Price structure volume and liquidity All right Okay, so price structure. Let's mark it up It's right here Okay, in fact, there's a couple of them There's a small one here and then a smaller one here And we're already below it here, right? So you can already see it below this area here Okay, so and we're testing the lows here now So we're looking to see if we can get more sellers in here right now Okay or uh Yeah, looking for these sellers to try to drop it back down to likely back right down to 25 Um, or uh, we'll see if we get maybe a retest back up to Where it just broke from here at 28 and three quarters 29 something like that Okay, now we're getting sellers here. They're going to drop it. So looking for about 25 ish area here Uh, and again now this is starting to be I mean, we're still kind of bullish here basically the structure On the smaller timeframe the structure is breaking no doubt. Okay So we're looking we're looking for on the smaller timeframe for it to go lower Okay, but down into here That's why we're looking for just the move back down into around this 25 ish area here and then that's it That's it. All right. We'll assess at that time Okay, because this is kind of counter trend But uh, anyway, we'd be looking for uh, uh That that move down into here And then uh, we'll see if we find some buyers and try to lift it right back up into maybe uh 28 29 area here Okay Can I review other edge indicators? Um, yeah, we'll we'll go over the absorption indicator here thomas on just a second And then the stops and icebergs sure I can I can review those As with you. I mean, we always go through these Yeah, you're welcome. Uh, let's see john, uh, you were long Oh, that's that's beautiful. John. Love love to hear it. Um Yeah I mean, this was again that got you know, uh much much higher time frame. Okay, look Into uh, where price might go Okay, and it was really based upon these guys up here that have been in the book for several I think several days at least a few days um And then now, um, I'm I'm really curious to see if we start to see some sellers come in now Okay, now the s&p has broken to all-time highs And uh, you know, this is this is a pretty nice breakout too Uh above 20 So, I mean 10 points and on some pretty nice volume too Okay, but uh, all right, so let's uh, let's see where do we leave off here? We're looking for our sellers uh back down to this 25 area here All right Okay, we have icebergs. Look at the iceberg transactions up here as well Okay Sven, um, we're working on getting more data, uh within uh, uh book map But when you open it up, um, you start collecting the data because we're talking about, you know Full depth of market here. It's not just, you know The the last transaction, right? So when you look at like your candlestick charts, like it's pretty easy to digest Your your machine to digest or display That information because it's only one price level Each price level here. We're talking about all of this And this is all, you know, it's hundreds of price levels just for one one moment, right? So it really, um Uh, it can be uh, you know, if you start to look at like months of data or weeks or days of data within book map It starts to get kind of heavy But uh, uh, you you can get up to 24 hours of backfill data from dxv data now It's backfill data. It's kind of parsed. It's lighter. Okay. It's not mbo for sure all right Okay And Sven you want to look at that? absorption indicator, so let's turn that on And boy, we haven't looked at this in a long time Yeah, here it is. I I love this indicator. Um All right, so we'll turn that on Uh, and then I I want to show you guys and I want to cover this again because I know there's going to be some questions So I want to go through it with you guys with the um stops and iceberg on chart indicator. Okay Okay, guys, here's our move into 25. This is what we're looking for. Okay, uh, based on Based on what we covered up here. Okay order flow right, uh, and, um Uh and and look at the The insight here not much right. We're not getting too much information here to be honest Okay, and we were looking for that move right into this area here Uh, but look at the there's some nice selling in here Okay, a little bit of selling in here a little bit of buying so it's really There's not a lot of clarity there Okay, but it did go it did follow through it did hit 25 and at this point we would reassess Okay, so And yeah, a little bit of buying coming in. All right. Well, you know, they're gonna try to drive it Maybe back up to where it dropped from here at 27. It's almost there. Um, it's just one point away Um, but uh, maybe they can get back up into 28 Up here as well But you know, we're not really seeing anything too clear here. Uh at the moment All right, in fact from this area here just before 10 25 east eastern time Uh sellers sellers dropped it. They took control here. Hey only on this small time frame though All right, so for them to be upended we need to come back up to here and trade it That's why we're looking for a retest to just test this area to see if we find buyers up here Okay, and that's why we're looking at this smaller time frame here just to test up to 27 Right, and there it is Okay, just just because this is where sellers came in Right now What if we get buyers here? Okay just at 27 like, you know, big green dots here and the bid starts to light up here Uh, and they start to pull on the offer. Well, then we'd be looking for the move up into where it dropped from up here at 28 All right Hey again Three things we're looking for structure Volume within the structure and auction within the structure. Okay on the bid on the offer, etc Let's see Uh, let's see. Tom it boy. Okay. This can be kind of hard to keep up with with everybody here. Um Your last question, um Well at 42 20, um Were they buyers or sellers? Well, it's both. I mean it's always both but um You know, we're looking at that high liquidity transacting and it did Okay, uh, and um, uh, how to read after that Okay, well, it's about the context again Okay, are there more buyers? Okay So so for example now because we get this question all the time Right now this this webinar is is open to to to everybody. Um, so um, that's why we're getting kind of um You know some of these these questions that uh You know, we've we've answered for for years here, uh, you know, there's newer traders in here And they want to understand what what it means by context here and this is it right here Okay, high liquidity what we were looking for that to get filled and then it filled it I mean you can see in fact My god, this is tremendous. Um There was 4500 contracts that trans acted up here 4500 Okay Now we I've got the the little pink square here is an absorption indicator Okay, look at the look at the icebergs as well. Okay. How many here from uh, negative 3166 down to Oh my god, so there's like 3000 You know or more icebergs within this area as well Okay, this is a really important area Right. Now the context here is do we find buyers above it? Yes so To understand what these areas in here This is high liquidity. We know that Okay, in fact, it was how many contracts 984 right here. Okay Now just because that there's high liquidity here It's it's the context between the aggressors the market buy orders Okay, there might be more market buy orders than there are limit sell orders And that was the case here There's more buyers and look at the big green dots more buyers above this area here So there's still more buying pressure So we're looking for this to continue any beautiful little pullback right to it And where are the sellers here? Hey, look at the red dots here. This is again context Okay, there's not much selling interest here Okay, we rotate back up. We found more buyers here Okay, this is an easy read for a move up into the next level of liquidity here at 42 22 We even trade through that on more buying Here's our pullback. They flipped actually from offer to bid now. They're buying here with limit buy orders Okay, now up here. We're not finding so many buyers, right? Okay, in fact, we find some sellers here Okay, so again context now. This is a small example Okay, but understanding that if we find more sellers below this area I'd be looking for it to trade back down into this area here Or maybe where this transaction took place where there's also liquidity here. They they want to buy down here Okay, now did we get there? No You know not yet at least still not finding the buyers up here. We want to lift it up into 25 not yet Okay, now we're now we're starting to find a little more action Okay, all right. Here we go looking for it, right? And a little bit of volatility Still looking for it now. We know it transacted but it took it took its time You know, there was some some action back and forth in here But what is important to note here? Is understanding that what this represents up here these these orders here these limit sell orders It's larger players and Or just it's high liquidity on the offer Okay, a lot of sellers up here with their limit sell orders It doesn't mean price is going to bounce off of that and go a million points the other way Okay, it's about the context of the buyers and sellers here Okay, now we have an absorption indicator here. Um as fen this is a nice one here I mean a huge absorption now we can we already know that this going to be absorption here We already know that because there's already high liquidity here, right? This is where you can see it in a heat map and we know it's being absorbed okay, but Where you get more insight here is when you don't see high liquidity and you still see it being absorbed Okay, so this is these are so it It answers a question here How can the how can price absorb? This price level here at 42 20 absorb more aggressive buyers Without it going through Okay, because how many orders are here? 115 All right, and then how many let's just zoom in here. This is really important to understand Um 74 here on the bid right here are on the offer on the offer. Okay Here's a transaction Or look at the transactions going through here And where's that we're looking for a big one. There's a big one. Okay 79 here, but look at the transactions here, right? Let's just zoom in here and we'll look at it precisely how many transactions Okay 334 Well, how's that possible? It's an iceberg Right, you can verify it here as well Okay, look at the drop here. Okay pretty pretty nice one here. Okay the drop from uh I'll turn the on chart indicator on in just a minute here from 51 20 down to 53 35 so, you know over 200 Over 200 icebergs here Okay, there's only there was only like, you know, whatever it was in the book here Okay, 100 111 Okay price didn't go through that area because someone else is on the other side with an absorption absorbing this with um their iceberg Okay, and we can verify it here with our iceberg detector Okay, so there's a really nice confluence here between the the absorption indicator and icebergs All right. So anyway, this is basic stuff guys. I mean we've gone through it a million times Let's go back to uh current price and see what's going on Okay Yeah, not not getting too much. We did we get our move to 28? Yeah, we did. Okay, it it did come up in test 28. See see how sellers remain in control from this point Okay, so uh, we came back up to where this the heavy heavy heavy selling It's not really that heavy selling but it is for this small time frame Okay, so we come up here and do we find the aggressive buyers up here thomas? Okay, not really Okay, a little bit of buying a little bit of buying, you know, not much not much right In fact, see how sellers come in on the other side here. There's more selling here Then there is buying up here. So they're pulling it away again Okay All right again context all right It's all here in the order flow um the um The absorption indicator. Let's go back up into this 30 level. I want to I want to check this out. Um, and uh Yeah, I know this is a little bit hindsight uh guys, there's not a whole lot going on in the market We we already seen the the bigger moves here Um, but again, look at this context here. In fact, we've got a beautiful context here stops people getting stopped out to the upside Icebergs on the other side absorbing. We have our absorption indicator We have high liquidity here at 30 as well and we we knew that Now this is what I want to cover about the absorption indicator Look look how nicely this is identifying The iceberg okay now these are native cme icebergs Okay, there's two different types of icebergs. Okay, there's uh synthetic Uh icebergs that are not uh native to the cme. Okay, so for example, let's say you're using uh, uh tt uh trader technologies That they offer iceberg orders. Okay, they offer co-location as well uh, and You're using their order type. Okay, it's not native to the cme It's not going to show up in your stops an iceberg indicator here from book map Okay, now this one is likely here uh, uh and Um a synthetic iceberg Okay, because we don't see the drop here Right, uh, but we see it in here. We know that That's that's no question. I mean, that's a A native iceberg there and we see it also with the absorption indicator Right now the absorption indicator. Let's just I want to go through it here. Um I have it set here for within one second. I'm looking for at least 600 or greater to transact at the same price level All right. That's what I'm looking for. That's the condition here Right. Now. I know if there's 600, uh, and and they're trading, um, within that small time frame here There's got to be someone else on the other side taking that trade Okay, it could be an iceberg. It could be just high liquidity. We've seen both examples here Right, and that's that's how you can read this Okay Set it, you know playing around with the settings to find something that works for you But this is you know, these are pretty important areas here And we can be confirmed with stops and icebergs as well Okay Sven do you have any other questions here? Um, that that indicator will work on all markets, uh, Sven Okay, which is great. I really like that indicator. Um, the You know, it's it's based on the aggressor Hey, we say it's absorption indicator, but it's it's based on the aggressor, you know, we're looking for A certain amount of aggressive trades to take place and then at the same price level, though So we know there's someone on the other side that has to be absorbing that aggressive, um, behavior Okay Yeah, check it out. Uh, Sven, um, this is actually not a bad setting for today. Uh, with 600 um, and um, it's nicely kind of, uh, documenting these little areas here of high liquidity, uh as well Okay, or the transactions into that high liquidity Okay, now we know we don't need the absorption indicator for that. We know there's high liquidity there We see it in the heat map Hey, but like I said where you get this context between stops and icebergs and synthetic icebergs It's really nice really nice. I really like it. Um Anyway, um Yeah, thomas the heat map here, um is High liquidity the heat map is showing you high liquidity on the offer. Okay up here The color of the heat map is red orange very high liquidity, then yellow white blue and then black Okay on the bid is the same color, but it's below price. So we know it's on the bid All right Sven I'm going to point you to um some videos. I think you'll find very helpful Uh on our youtube page to answer a lot of questions for you Is here under features and components Okay, there's a new um Basics video here. I would recommend you watch this. Okay, it's about four minutes long and um Yeah, there are a whole bunch of videos in this playlist here. In fact, right click on it Open it up in a new tab here and you'll see the entire playlist here. This will answer a lot of your questions Okay, there's one on the heat map in here. Okay, just scroll through here And you'll see okay We can do a quick Control f and then heat map. Okay. Here it is heat map and settings. Okay. It's three and a half minutes long Okay volume dots if we do a little quick little search here for volume dots volume dots here video number 16 or cumulative volume delta Etc. All right. Uh, this will answer those those those questions for you Okay Let's see here Frozen tundra, uh, I know you're new in here. What is what's your name? Um, and uh, uh You know welcome to the to the webinars here. Um for stocks. How does book map know? Uh, who is the aggressor? Well, it the aggressor is it's just a market buy order Right now on the other side of the trade is the limit, right? Someone has to take that trade Right and that's uh, that's just how the market works Uh, let's see here. Um Since neither side was advertised on the on the book. Well, and there might be um a hidden order in there. Um How they hidden I mean that the tip of the iceberg still has to be in the book, right? So if let's say there's an iceberg for 100 But let's say it's the first a tranche of it is 10 10 will show in the order book And we just don't know that right behind that there's another 90. Okay that that we don't know It could be another like thousand behind it. We don't we don't know um So that that's the whole thing about uh You know having a hidden order we They're hidden from the order book. They don't want to show it, but they have to show a part of it a piece of it Uh, see So well, all right Uh, yeah, I would recommend uh, the uh, I mean we can go through the binary elements here. Um, uh, but I would recommend uh frozen tundra that that you go to the educational course and watch part one and part two Okay, especially part one to understand like, you know, what what moves the market Okay, uh, it's all about liquidity and order flow Okay, or transactions Okay, and we can come in here and we can go through an example and and maybe the s&p is not the best for an example, but um You just see it all over place. Look sellers drop it here where the buyers in here look at sellers again here and here And here at the low. I'm looking for them to drop it again But where into high liquidity on the bid. Okay, and we're already there Okay, so now and they're pulling here. Okay, so we might get let's see we might get some more sellers here Okay, and they might drop it into 41 or 42 21 all right Okay, because uh, but we may get some what if we get buyers back up here Okay, maybe around 23 Okay, we get some buyers here. Then I'd be looking for them to to move it back up to about 23 and three quarters so anyway Now, you know, I'm going to take this I guess I'll go through it here. Um When will book map be available for? Uh, toss users it already is uh shin shin Okay, you reach out to thinkorswim Yeah, I know that they were beta testing it etc Um, I know that there's users Okay, it's it's uh, not a fully functioning. Uh, like like desktop version or feature rich I like the desktop version here. All right. Let's see these buyers try to lift it to 24 here Hey, just to you know quick quick move up there That's it though so anyway, I'm gonna I'm gonna go through this here like uh Even on the most binary level Right, there's our move 24. Nothing traded yet I'm still looking for transactions at 24. Um But um Just understanding these and this is our education a book map education Okay, understanding these binary elements here of what makes the market move And we're going to extrapolate that to much higher time frames. It is the same stuff Okay, there's our again to 24 Not not one tron contract had traded up there it exhausted out here and here. This is exhaustion Hey, we did not find buyers up here Okay, here's another rotation back up and it exhausted out again Probably find some sellers here. Okay, and they're probably gonna now try to trade it back down to about here 22 and 3 quarters See how we found sellers here Okay, we tried the buyers tried once twice thrice They did not make it to 24. We're gonna find sellers drive it back down now. There it is right now. Why how? you know, well because There was no market up here Okay, where was the market? Let's just go through volume profile understanding auction market theory the most traded level Is uh, well right around here okay around uh Well, when we were looking at this smaller range here, okay, the most traded level is right right here right here at 23 and a quarter Okay, no market up here We're gonna find sellers drive it back down and and then trade back down to these lower areas And we did we found them All right, what about buyers here? Didn't find them more sellers. We're looking for the move Okay so Anyway, it's uh taking that understanding here and this is again part of our education Take that understanding And let's zoom out Hey, how is that any different than this area here? Okay, let me mark it up. See this whole area here. Okay, it's just a bigger range All right, let's zoom into that range Hold on. Okay All right, let's zoom into that range Okay, where's the most traded level? Where's value for this range here? It's right here Okay, the most traded level. Okay all this back and forth and back and forth. It's this area right here Horizontal line right here Round oh seven oh seven and a half something like that Come on now Okay, let's try that again Oh, I got to get out of zoom. Okay got it So here right so We buyers try it in here try to get higher You know, uh, they couldn't okay. We found look we find more sellers down here Okay, just like that smaller range that we're looking at Sellers down here more sellers down here not a whole bunch of buyers up here All right looking for sellers to try to drive it down lower Okay, beautiful move now We just marked up point of control Okay, look at the beautiful move back up to it okay now again If we see more buying back up into this area well just above point of control In fact, it bounced off of it here and then went higher Okay, we're looking for a move to the other side of the range We get more buyers up here Okay, where we didn't find them, you know back in these areas here We get more up here. We're looking for them to break the range and create a new value area And that's what they did Okay, so From that micro Structural level an understanding price movement to macro levels. It is the same thing Okay So thomas I would highly encourage you to I don't know if you're a member or a client or not But access our educational course and go through that. Okay. I think it would be a really good review for you and understand the Some of the basics here. Okay, and then you can apply that come to these webinars That's what that's why we have these webinars is to review this Okay, and go through these details in here All right, so you can apply what you've learned in the live market you can ask questions And then we also have live trading by scott pulsini and in j trader You're new. Okay. Great. Well, welcome. Uh and Uh Yeah, come to these webinars. Uh, and uh, yeah go over the weekend go through that course that course content Okay, I think you'll find it really helpful, especially part one and part two Okay, part one is about we go through what moves the market basic market mechanics Okay, and then part two is is about, um Understanding that in a bigger structure. Okay, and we just kind of did a quick review of it Okay, and that's I guess answers frozen tundra's question as well Okay Okay, same same ideas. Okay to understand now just one thing that it's I didn't Say and it need need to define this the aggressor here. Let's just take the heat map off for a moment Okay And just look at the aggressor right which is the market buy and sell orders. So now when you click on market buy You're you're gonna get filled up here, right and you you crossed the spread. Okay, and you're getting filled up here Okay, now when you when you set a limit By you know, you're setting it at the price you want to get filled Okay, when you hit market buy you're getting filled on the best offer at that time Now the cruddy is great in this this market. So there's very Very few times is there a spread? Okay, but this gets back to alan's question is about during non-farm when there was volatility during non-farm payroll Okay, and you're going to see huge spreads and In fact, let's we'll just go back and take a quick look at it So market the market buy orders that the the point I'm trying to make here to get to is this is actually what technically moves the market It moves price Okay, because uh, you're you're taking liquidity From the market you're not adding liquidity. Okay, you're taking it And when you take liquidity from it, you're you know, you're taking Who wants to offer at that price level? Right now if there's enough takers and they take all of that liquidity at that price level It will move to the next price level and that's how the market moves Okay, now up in some of these areas about absorption Well, what if there's high liquidity up here? Let's turn the heat map back on High liquidity in some of these levels up here and we can't trade through it Right if they just stay there and they continue to absorb Well, technically those those uh Uh limit orders they cannot move the market technically now they can definitely I think they can I mean they definitely influence it But technically they cannot but they can stop the market from going higher or lower Okay, they they can do that Okay, because they can continue to absorb and absorb and absorb all right all right, so Anyway, it's again got context between those two players to understand where price might be going next All right, it's all that's um Uh important uh to understand and it's a part of book map Um, uh basic market mechanics part one of the education all right Okay, uh, Sven is it possible to pay for one-on-one consultation? No, I'm sorry Sven. Um, the Come to these webinars though. This is this is the place to come Uh, we have a partner educators, uh, like for example, uh twice a week we have, um, I'm sorry um Well, yeah twice a week. We have, um, uh two different traders. So we have um on wednesday's jay trader on thursday's Um scoppelsini their educators Okay, uh, we don't want to uh, uh offer You know consultation like that We don't want we want as many partner educators as we can in here and It's it's fantastic when we get uh other professionals using book map and Why it is because they have their specific way of trading Okay, and and here book map, um is a platform Okay, we're we're not a trading strategy Okay, specific educators can have a specific way of trading. Okay, just watch scotton and jay trader. They're they trade very differently Uh, and um You know in in here, we're going to go through the basics and so you guys understand order flow Okay, now wrapping a trading strategy around that we'll go over it Okay, but we're we're not here to do that. Okay, we're here for you guys to understand order flow Uh, and then for example your strategy. Well, here's one right here unfolding Right, you're looking for you know, are you a buyer here? You know, we see more buyers at this higher level here Okay, I'm you know, I I wouldn't um, but it's possible if we get back up here at 27 and see more buyers. Yeah You know, I think it would look pretty good for coming back up. Maybe to 28 and 30 Okay, but see how we exhaust it out here Right, so let's go through another scenario. What if we see sellers down below here? Okay We exhausted out we find sellers down here. Yeah, then I'm looking forward to come back down to 22 and a half All right Okay, now we're getting our buyers up here. See it had it had to it it rotates, you know I mean at this time we we were not very bullish here. Okay. It's looking better now Okay, now we're looking to see if that that the bid starts to light up here And we see a little bit more buying up here and we can get our move back up into 28 Etc All right, so anyway wrapping a trading strategy around this Hey is um, we go over that in part three of the educational course Okay, which I think you guys will find helpful But You know going through the different scenarios Here we go, you know looking at these sellers if they can get back down through this area here Let's see them pulling here on the bid. Let's see if they add more here on the offer Okay, then we'd be looking for this move back down into Let's see. I called it down here earlier around 22 Um, maybe maybe around 23 23 and a quarter. Okay, because that's where the buying really picked up here Right in here. Okay. So anyway And then you know A million ways to trade it right, you know, uh, you could you could look for a pullback you could Just jump in aggressively you can put a buy stop or a sell stop in here Let the sellers take you into the market put your stop up above here Right here and then looking for the follow through Okay Like this looks pretty good, right You're exhausted here. We're finding sellers here Okay, so looking for sellers to try to trade through remember this is the kind of critical area We need to see them trade through it here Okay, but looking pretty good here. This is a false breakout of this little Swing right here. All right Okay, let's see here. Um Okay So I misunderstood your previous question. Yeah, I I'm sorry. Sometimes it's it's hard to read all these things. Um and Get it all straight Uh Oh, yeah, you do have the idea your midpoints, um in in stocks. That is true You can get you can get filled at midpoint We do not have the ability to look at Icebergs in stocks Uh, probably the best way would be to use we have an old the older A strength indicator that will work in stocks Uh, and also that absorption indicator Okay, that you can start to put put some pieces together Um about understanding it now see see guys we this setup was still here. Okay The setup was still here buyers, okay, you know looking for a false breakdown here Right now that that's been kind of You know upended a little bit here um And it didn't it didn't play out, but it had the potential and it looked pretty good. Um exhaustion sellers Looking for lower, right? It can't hold this market, but Remember we did say we needed we needed to see it get through this area here because this this is where the buy transactions took place And it's still may still may Okay Anyway, uh, you know, we said stop up here and you might get stopped out on this one Okay, this is not high probability Okay, this is not as clear as some of the other ones. It was just a an example Okay, in fact actually looks like we're going to get kind of a flag pattern here and all a flag pattern is is strong movement consolidation strong movement again, okay I don't Care about a flag pattern Okay, I I want to understand what's going on in the order flow so the order flow that defines those patterns Okay, in this case strong movement. It needs to take a break Now we got some selling in here, but we're still actually bullish because we're still above this area here Okay In this little area here Okay, so actually it's still is still showing bullishness and it is still exhausting out up here on the buy side though Right, so we don't really have much clarity in this little move here All right Okay, what do we need for? You know this pattern to go through Strong look at the strong bind. We have no question about it Okay, well, where's that strong bind now? If we get it we should get the move back up into 28 and 30 Okay, right now it's exhausting out We're not really finding buyers up there now. We still may it's just rotating back and forth Okay, so, you know You know, I it's just it's not giving you as much clarity. Thanks John Uh Can I show tesla? Sure. We'll jump over and take a look at tesla. Uh, a naldo or naldo Oh, Aaron. Okay, you're welcome Aaron. Um, so yeah, you got a long question here. Um Market order hits Well, the we'll always always record the aggressor. Okay. Um, and um Yeah, as a uh, was it a market buy or market sell? Yeah, I understand your question. Um Yeah, at midpoints, you know, to know what what kind of aggressor it is It's kind of the similar question to like a dark pool transactions Um, we don't really know You know, like they're kind of, you know, those are over the counter Um, and you know, who was the aggressor or what's going on there? We it's kind of um, it's difficult to ascertain that I don't know if that's the best answer. I that's the best answer I can give you on that one Okay, you want to look at clove, uh, john. All right. All right. Yeah All right guys, see see look at the selling here now Okay, it's still not the greatest but it's looking better for a breakdown here. Okay looking for it You know looking for this offer to to show more here on the offer and then for them to pull on the bid And then I'd be looking for the move down into about this 23 and a quarter Okay All right. So now we just we're looking for those sellers here Okay, we're seeing a fight here right now between buyers and sellers, but still I think sellers got it here um And so we would be looking at this is value area And we'd be looking at a new value area down here on a smaller time frame So anyway, we'll we'll watch this and see how this this plays out here Okay, it's looking like a kind of a false false breakdown at the moment to be honest See see how like here's our here's our sellers now. They're going to get upended if we get buyers here Okay, if we get if we get buyers here Then I'm looking for a very quick a very quick move up into this 27 27 and a quarter Okay, it's kind of a like I said, this is not um Something high probability Okay Yeah, see these guys that sold down at the bottom of the ring are really gonna they're gonna feel it They're gonna have to cover up here. All right. Let's get to uh, let's add clove in here and then also, um We'll take a look at tesla Guys for those of you who showed up for the Stocks webinar yesterday. I'm my apologies. Um I had to cancel out last minute and The I did not send out the email to everybody That was my mistake here up I run into a heat create a heat dump here heat dump um So, uh, yeah, my apologies on that like, um, you know, we hold that webinar like once every three weeks to to four weeks something around there, uh, and I I I had to cancel out last minute. So if you guys showed up to that, I'm sorry about that Yeah, yeah, sorry arnaldo. Um My my bad on that it Yeah, I was just uh, I add to I had to cancel it I had something else. It was it was really a big fire to put out. All right. It was just we'll leave it at that. Um Oh, right dug. Yeah, I'll update the um, uh webinars. Um Yeah, yeah, so you get you can access scots, etc. Wow interesting stuff here right right before the 9 30 open Look at this guy guys here in the high liquidity in here like just uh layering in Layering in here and they're getting filled all the way down Interesting stuff. That's pre-market. That's why it doesn't look like high liquidity here, but it was for pre-market It was certainly high liquidity. Okay. Now once you can see once 9 30 opens up. Look at the high liquidity coming in This is typical of stocks Okay, pretty bullish here. Um into high liquidity here. Uh, now that was Uh, resistance as you can see at the swing here now it's support Uh, they they flip. Um, we still find more buyers and we're still finding more buyers Okay, so still looking for this to go higher up into 685 or so Okay Uh, interesting though to also note this here. See even in this area here Uh, uh, let's just zoom in a little bit more They were starting to um Add in a little bit lower kind of front running here. We found the buyers and we traded through it Uh, but they're doing the same here as well. See see them here at Before 85 here at 84 in 83 and a half or whatever it might be here See how they're they're adding liquidity here. So they're front running here And this is kind of a bearish slant to it. Um, the liquidity only right. So it's it's not as easy to read. Um of You know it blazing right up into these areas here. They did the same here As well, but we still this is again I'll get back to thomas's question Uh liquidity here, but there was more look at the buying pressure like the aggressors the green dots There's a lot more of that than there is of the liquidity here in the book So they just trade through it Right and what was resistance is now support Right here. They are on the bid. They want to buy now. They wanted to sell here now. They want to buy This is again what we're talking about in terms of value areas and creating new ones Okay, so we have an area here Okay, we can even go all the way down here that um This is actually looks like the best to me Uh, and then it broke out and created a new one here. It broke out and created a new one here Okay, usually these areas typically break out on high volume And establish a new range Okay, and we're looking for that Okay, we're looking for that Uh, and we're looking for when buyers might come in and do that Okay, just like we went through for that micro example And then we looked at the higher time frame. It is the same thing All right Okay, so anyway, that's tesla. Let's take a quick look at clove Uh, john, I don't have a lot of data in here, but yeah, nice breakout here Okay retesting to where it broke out from Uh, and Still finding some sellers here. Okay, so we need to see them kind of exhaust out and find some buyers in here I don't have a lot of data in here. So just an hour Right, and uh, it's not it's not it's not enough to give too much insight here Okay, but we can we can definitely mark this up, you know This is a whole new area here, right? And here's our breakdown. Is it going to establish a new area down way down here? Is it going to kind of Be a false breakdown and then come back up into this area Up into previous area now if it does where we're looking at for it to go. Okay point of control Right, so there's there's kind of too Very close to being points of control here. Okay. It's really kind of this zone here All right, so uh, uh, if if we find buyers come back in above 870 here, that's where I'd be looking for them to try to take it All right Okay right now Yes, it's still still breaking down Oh, you want to okay you want to widen out this way higher time frame Yeah, I don't know. I don't know much about this stock. This is uh, um One of the marijuana stocks, right? Is that right? Oh healthcare, okay Yeah, I don't I don't know how much of a high flyer it is But anyway, you can see the high liquidity in here down at eight and then up at 10 Okay, but 10 being by far the most 57 000 shares up there I'd love to see like this be a false breakdown here. I'd love to see buyers come right back in I mean, they're supporting it This is again that context, you know, they're supporting it here. Look at the buyers are here. That's that's uh, 18 000 shares Now question is do we find sellers interested in it? No, not right now All right. So again, what if we get buyers up here? Well, then I'd be looking for them to try to lift it up into previous areas of of value Okay, same same stuff All right guys, look, we reviewed a lot of things in here, uh, and I never even got to show you One of our newest tools in here, which is just fantastic. Um, here's our Here's what happened with the s and p Look at the buying cluster up here Right. See what I mean like, you know in the context of this structure here We we saw all this back and forth and we noted We we just didn't really, you know quite think that It was offering much of an edge But look at how much better this is here See see how see how much cleaner that is to read and understand that there's buyer buyers in here that that want to lift it back up into the previous high All right, so instead of this breaking down into this little area here We saw it break out Okay, and it's establishing new range up here All right All right guys, uh Anyway, it's a pity. Like I we covered the absorption indicator, which we haven't done in a long time and you know, it's a great indicator um the on-chart indicator I Don't want to to show it here at the moment. Um, it's just uh, let's just wrap it up here. Um I will show you this. Um, how about this? This might be better. Uh, we did a webinar here on on Um Futures IO for the on-chart stops and icebergs Indicator here and we went through it in detail here, right and all the settings and everything is in here as well So you might want to check this out Uh, and it's under selected webinars on our youtube page And it goes through the stop iceberg on chart uh indicator, which is it's great You can see the whole evolution of the iceberg order. Okay, even for current current market, um as it's unfolding All right All right guys, uh, we'll wrap it up here. Uh, and uh, thanks for coming. We'll call it a week and we'll see you next week Okay, thank you