 Good morning traders, welcome to the Bookmap Live Trading webinar. This is Bruce at Bookmap, and so we're doing a live analysis here Monday, Tuesday, and Friday at 10 a.m. We do that every Monday, Tuesday, and Friday at 10 a.m. And then we have live trading with JTrader, StocksTrader at 10 a.m., and Scoppulcini FuturesTrader. So let's dive into the markets here, and I'm going to go through some details here in just a minute, but I want to take a look quickly here into the markets. So what's going on here? All right, well, we can see in the order flow here, looking at the S&P E-mini, a nice drop here down into a figure we've been watching here very closely for a while here. And it looks like I'm having some data issues here. I don't know if you guys are with Rhythmic or not. No, it seems to be working here, so something's hung up here in Bookmap. Yeah. Hold on just a minute, sorry about this, we'll get there. Okay, interesting, I can't wait to go over this, guys, look at the daily chart over here. So anyway, after this nice push to the upside, just multiple days, so we'll do a review here in just a second. Huh, okay, so it was also a problem with Rhythmic it looks like here. So hold on, potentially, I'm sorry, that was not it. Anyway, Rhythmic's good. Yeah, I added crude oil and it got kind of hung up on it. I know there's a lot of stuff going on in crude oil there, and still connecting here. So we do have some issues here with Rhythmic. Sorry about this, guys, I'm not sure exactly what's going on here with Rhythmic. Everyone, I mean, seems to be working here from the RTrader Pro, anyone have any issues here? Good morning, Josh. No, yes, and maybe in Discord, everything okay with Rhythmic for you guys? Yeah, okay, all right, so this is weird, let's try this again. All right, we're just going to try this, and we'll just add it manually, that'll be the best way. Okay, great, okay now the question was with crude oil though, that's what kind of gave me some issues here, and then I definitely want to add the new Binance Futures, our new indicator there, that looks good. You guys use $10 for your tick size, and we'll add in the liquidations in here, oh boy, okay, I lost everything, okay, all right there we go, all right guys, so sorry about that, and let's get into it here. Okay, so we saw this nice drop, we didn't miss anything, it was just a bit of a pull back here to 120, and then the continue, well that was before the webinar, and we just been kind of dropping back down until 4105 here. Some buying starting to come back in, so I'm still looking for this 4100 to trade here, but we got to read the order flow, and we got to go through it here, so it's been a nice drop down here, some buying coming in, more buying coming in, now we see some selling here, a little bit of selling, and they're trying to buy again here. Now this is where we can see the nice flow through to the downside, we're looking for sellers right here at 4107, if we start to get them, I'm looking for them to hit 05 and through it, so let's see if we get them here, if we don't, then we do nothing, we're just looking at this here, and before I jump into all of this in detail, let's go through the risk disclosure, so you guys know what you're getting involved with here, the general disclosure, all book map limited materials, information, and presentations are for educational purposes only, and should not be considered specific investment advice nor recommendations. The risk disclosure, trading futures, equities, and digital currencies involves substantial risk of losses, not suitable for all investors, past performance is not necessarily indicative of future results, so these are for education, and as we had gone through it here, this is the education package that we offer, we think it's very robust, we have an educational course followed up with these webinars with the live analysis, it is through that same course content, but in the live market, so you can apply what you've learned, then look at two other different traders as well as Tom B in the afternoon here, and look how they trade, okay, they're going to be trading in a very specific way, and we want to understand in these webinars market structure, auction market theory, it could be volume profile, it could be patterns, it could be candlestick patterns, Elliott Wave, whatever, for various markets, not one in particular, and most people want to look at the S&P, so that's why we go through it. All right guys, so let's jump back in here, thanks Doug, and Tyree, and on the feedback there, so all's well now, this is what we were looking for, we started to see our sellers coming in just around this 07, and then here we got our follow-through, down to 05, okay, so we're still looking for more follow-through, look at the, look out on the offer here, more selling, or more on the offer, they want to sell up here, looking for these aggressive sellers, red dots, market sell orders to trade into and through, or at least test into this 4100 here, lots of liquidity down here, around this 92 area, so let's see if they can continue to push here, we're looking for our sellers, and yep, that's the analysis for the moment here, looking for that continuation here, we'll see if like, we got to go through the opposite scenario, and the opposite scenario is, we start to find buyers back up above this 07 area here, and in fact we'll see if we might even get a little bit of that right now, at least to test back to 07, okay, we might, and why we might is because we're not getting sellers down here, again no sellers here, a little bit, all right, I'm looking for them to push through the sell side here, no, no, we're still kind of back and forth in here, I thought a little bit of selling here might kick it off, didn't, anyway this is our pattern, selling on this leg here, not too much, a little bit here, nothing here, and a little bit here, so you know, we could, we can come back to this 07 at the moment and retest it, but overall still looking for the sell side, yeah it looks like there's enough buying in here to try to get back up to 07 here, let's see if they do it, yeah looks like it, let's see it, let's see, we're looking to see like at these little critical areas here to be honest, what we're looking for is because everyone knows, you know, we're looking for more downside into the figure here, and we got a lot of people taking some profit early, etc, maybe trying to get a short squeeze going, people you know selling in here, and then getting them squeezed and come back up into point of control and VWAP up in these areas up here, so you'll see this kind of battle at these little critical areas here, so yeah we had our buyers up here, we had our sellers down here, and it's like getting one kind of off sides and then moving it, and this wasn't too much of a, a lot of times what you'll see is like the off sides, like you'll see that this kind of fake breakout up here on the buy side, and then the sellers come in and just pound it, okay we might get that actually, let's see, let's see if we do, now if, if that is the scenario and what that scenario looks like, let me draw it out here, okay, because this is important, because we're looking for it, and that scenario is like up here, okay, we got our buyers up here, okay, now what we're looking for is if we can get, and let me change my color, if we can get sellers back down around this area here, we're looking for big red dot in these areas in here, and then the continuation on down, okay, and then these guys up here that we just outlined in yellow, they're off sides, they're the ones that are going to get stopped out on the way down here, okay, so that's, that's what that scenario looks like, you can see that still, we still, we're still finding buyers here, still trying to push it, okay, so our next area is top of the range, VWAP, well we're already there, VWAP endpoint of control, okay, so we're waiting, we're watching, and these areas can be very tricky, as you can see, the, it's, it's, hold on a minute, let me get out of the pen, there we go, yeah, still kind of looking to see if they can push it a little bit higher, maybe 4120 here, anyway, the order flow kind of shift happened down here, we see our sellers, we're looking for a 4100 and below, and then, yeah, some buyers came in, but this is where we need to see them again, and we had a little bit here, had some in here, had a little bit in here, they pulled away, we start to get some buyers here, we get our retest, we start to get buyers in here, now we're looking for the 07, and then looking for just maybe a test up to there, and come back down and get the sellers yet again down here around 05, and then the follow-through, so what happened here is we got our, our buyers in, our sellers here, we did not make a lower low, okay, so it, we want to see the sellers down in these areas here, we didn't get it, we start to see the buyers here, so up to 07, and then kind of surprising move to, to push it back up into VWAP and point of control, and then we're looking for maybe a potentially a little bit higher here, and you can see we almost got there up to 4120, and then now we're looking again for our sellers, now we're looking for our sellers though, below here, or down, you can even look for the, the push from up here, see the exhaustion, and they're selling up here, there's not a whole lot of buying up here, therefore we're looking for the push back down to the bottom of the range here on the sell side, these are great entries, potential entries I should say, depends on your strategy, this is not a trade calling room in here, but this is, this would be your pullback strategy and looking for continuation to the downside, so up here we don't see too many, too many buyers, we want to see big green dots like this pulling that market higher, we didn't get them, and instead we see sellers here, now we're looking for follow through, or the move back down into like this 13 area here, 13 and a half, and that still hasn't unfolded yet, buyers are still trying to squeeze it here, here we go, all right let's see now we're looking for a move from here 16 down to 13, I would, this is something that I would, I would be looking for, you know jumping in somewhere around in here, and this is not a trade recommendation, it's not financial advice, but we're looking for a move down to here, maybe take some off, and then getting a runner back down to 07, and then maybe the follow through and continuation to the downside, and this one I'd be stopped out already, I wouldn't, I wouldn't put any more risk on, on that I would look for it again, in here, I'm looking for this to work here right away, again this is not a trade recommendation, it's a consideration for order flow, and understanding the structure here, okay so here again it would be somewhere right around in here, and then looking for the move back down to the bottom of the range, and that's it out, out at the top of the range, from here to here, very very tight stop in here, looking for it to move and work immediately, if it doesn't something's wrong, so that makes sense, I mean this is one way of looking at it, I mean you know if you're larger you know higher time frame trader, boy you know you'd be looking at something completely different, okay I'm so bad, yeah yeah I mean this is turning into like a a bull flag potentially here and the move back up into 27 and 32 now at this point, okay we gave it a shot, right we're looking for a pullback because it's a lower high here, and we're looking for a sellers, and then looking for the retest back down to here, and this one didn't pan out, okay in fact it's a beautiful bull flag here that's panning out, obviously that's hindsight, anyway got tripped up a little bit in there, and all right so again these are just considerations, it's not a trade recommendation, and let's take a step back though, I wanted to go over the bigger picture, so here's our move and completion of that up into 27 and then maybe 31 here, I would love to see it come back up into 37 and maybe even try to get back up to the high of the day here if we can squeeze it that hard, but and we might, we might see that, but let's take a step back, we haven't looked at our bigger picture yet, and that's important, okay so all right oh god did I just get, did I just lose it, did I just lose rhythmic again, all right well I seem to have data so I'm going to stay with it, that's fine I've got something else up here, take a look at, we can look at just this kind of very basic candlestick chart, looking at the weekly chart here, okay the big picture, and what's going on here, last week we were looking for this move higher, this week what's going on, well we came back up into these kinds of ranges up here, and here the weekly chart isn't helping us too much, it's kind of a range in here, these wicks, all three of these wicks in here, and this kind of follow through to the downside, also here, look at the spike above the, this prior week, and the end today as well, the spike up above prior week, but we're below it now, so here we're looking for follow through to the downside, somewhere in the middle of this candle somewhere, and we're going to be looking at our levels in here, let's go to the daily chart, okay so this is a beautiful pattern on the daily, that we see this move higher that we were looking for last week, unfolded nicely, we're below it already, and retesting back down to the top of this range here, and we're just about there, we're looking for 4093, and looking for the continuation down to about 4093 or so okay on this daily chart, and then you know we'll see, we'll take a look here, but beautiful spike up above, get everyone kind of stopped out, go in the wrong way, and then retest back down to these levels here, and maybe we'll get back down even lower in the week here, back down into like 4000 or so, somewhere around in here, so on the daily that's what we're looking at here, all right let's take a look at the one hour, okay down below these little swings here and and continuation, so yeah looking for it to come back down and retest maybe around here, 78, 4078, okay we got to get through 4100, and what about a 15 minute chart, yeah I don't really care too much for the 15 minute, we're already below this swing here, so yeah just looking for a follow through, I like this node down here, there's a little volume cluster down here, it could be also another area, that was our 78 area, so it's about 80 to 82 actually, 86, so somewhere around in here, a nice level to retest, all right, so there's our higher time frame, just looking at some levels based on previous order flow, all right, and that's what we're looking for, okay filled this liquidity up in these areas really nicely, that's a quite nice pattern there, okay you guys can't hear me too well, sorry about that guys, how about now, can you hear me better, yeah okay, morning Corwin, okay Bruce you're having some issues here with the thinkorswim book map, I don't think you can, you cannot set the, well you can reset some of the, yeah the V, yeah you're right you're correct, the POC and the VWAP, you should be able to set back to 930 cash open, all right let's see if we get our sellers once again in here, after this nice move to the upside, looking for them to retest back down to 120 here, okay so continuation here after all of this, after being squeezed here and pushed in here a few times, I'm looking for the sellers, we're looking for the overall move to the downside, so again I would probably jump in here around 22 and I'm looking for it, the continuation, I would love to see it come back down to about 16 or so, and we're maybe even below the swing here around 15 or so, so we've had our squeeze, they've had their fun and these can be tricky here because we didn't see any sort of kind of distribution pattern up here at all, it just did, you know we got one leg up, sideways consolidation, leg two into high liquidity here and then now looking for a continuation, okay so here we go again 22 right here, looks good, let's see if we get our sellers and looking for the move back down to 20 and below, I want to see the retest down to here to 20 and let's see it sellers, let's see it right here and we should get our move, nope back up, buyers back up above this area, this has been a tricky session, guys I don't know what is it like off off for a day on on Monday, Morial Day and then come back here and just being a little bit out of shape and this is this is tricky, this is the kind of under overline or pivot lines in here and this is the squeeze to the upside now, but the here we see you can see it in here right, sellers here see where the buyers kind of lifted it and then sellers in here and then the buyers back up above this area here we're looking for the same thing but the opposite direction so here here are buyers here now we're looking for our sellers here great here they are let's see them push it down to down to at least the pivot here around 2223 okay and then I want to see them just blast through it so looking for it again once again here we're going to get our follow through this time here come the sellers now we're down here get maybe a little bit of a bounce and then looking for continuation there we go okay and still looking for it back down to this 20 level and then through it back down into would love to see it back down into vwap point of control down in these areas here okay so somewhere somewhere around in here 1617 something like that 15 John G how much have you missed not too much let me tell you is this was kind of a tricky move here but I'm still looking for the follow through to the downside here there there we go so there's there's the move to 20 still looking for more though and I want to see I want to see them trade back down into these areas here so another another five points or so and I want to see them trade all the way back down to 4100 here and through it okay so that that's in line with our higher time frame that we're looking for okay so actually this is not bad here because here's our 15 minute I don't I don't trust these charts um our move back up here to is that 23 yeah yeah I don't trust these charts and I lost my rhythmic I really off to a bad start today guys I'm sorry about that really bad start here as soon as I started the webinar or right before it I looked at crude oil and then I had some issues here let's jump over to crude I'm just curious uh there's been a lot of action over there uh cormorant where do you get your point of control yeah I can show you that that's really easy um so the um open up your uh one of the columns here you can right click in a column and then insert a new column here okay and then once you've done that you're going to have to right click in that new column uh and then make it for here select volume column and then you have to right click one more time and then you you uh uh select session volume profile okay now once you've done that one more time uh then you got to right click again and then you go to configure uh and then let me go into the session profile here uh and then configure and then it's here show POC okay guys tricky tricky session here I mean like uh looking for the higher time frame to follow through and it didn't it in fact it's actually quite nice um uh example of a uh of structure and then a new structure starting here okay and and we see quite a bit of buying coming in here uh right back up to the the highs of uh from when we started the webinar okay high high of the day is way up here well uh 41 40 uh and a little bit above it here uh one thing here in the order flow we see this pattern all the time so we'll see if this one follows through what we're looking for up here on the second leg here uh is the potential we want we want to see uh maybe uh uh well a few different things uh right now it still looks like like bulls kind of want to take it higher but we'll watch this very closely overall pattern is this here's our double bottom down here okay but you know in the bigger picture this is a move to the downside uh and then we're seeing this kind of double bottom pattern and then we can get this kind of double top pattern up here and then the continuation to the downside and we see that a lot especially in like crude oil uh and it does exactly this pattern here and then it fails uh and then we get our continuation of trend so that's what we're looking for in here okay i'm looking for sellers right here right now at 41 28 let's see if we get them looking for in the order book here as well looking for our red dots in here and yeah i would look to look to take this right back down to the bottom of the range to 41 20 let's see it sellers we got some exhaustion here looking for sellers and then follow through the i want to see these guys get out of the way and i want to see you come right back down to 41 20 yeah there they are they're out of the way let's see the sellers come in now and push it back down into this lower level here okay now again this is this is kind of my way of looking at it here i'm looking for the order flow to tell me when the sellers are starting to take control uh and i'm looking for it below this kind of structure up here and here this is this is it here okay now look at the buyers just tested it and and there's a potential for another squeeze buyers back up above this selling right here okay if and if that's the case then i'm out it's not doing what i thought it was going to do i would get out right now i got to see the the buyers back up above it though i got to see the buyers back up above they need to commit they need they can't just trade to this level they need to trade above it yeah okay so what let's see if they if we get our sellers coming back in sellers again here and then follow through down to down to 24 and then 20 looking for it if they did get above here it didn't accept sellers are back in and they're going to get some insight from this liquidity in here 240 there we go a little bit of a push from there that helped we see more sellers looking for the follow through there we go now some sellers they ought to come in here and we ought to see the push now at this point buyers have had their fun all right well anyway let me let me go through a few things here so you know i got kind of dinged up or scratched up a few things in a few of the order flow reads in here and i'm just what i'm covering though is like some trade management in the order flow reading here and if it's not doing i mean this is my way of looking at and this is a way that you know i'm covering uh reading the order flow now there's just so many different ways to trade you'll see scott trade completely differently uh you'll see uh joseph completely differently i mean scott's looking at getting in somewhere around in here in places stop way up here uh and that's his way of looking at it right and he's he's taking like um you know uh he's he's he has very very wide stops but his profit take profits also very very wide he's trading on a higher time frame so what i'm looking for in in these webinars here is just to kind of go through our education and then looking at market structure and then looking at where we think price might go next due to the the the order flow the transactions and in the order book within that market structure okay so we're looking for the you know some sort of edge in here that gives us insight to um the uh continuation or something in the structure here uh to follow through and yet again here we are back back up here the buyers are just still fighting it and we didn't we didn't even get down to 120 yet i'm i'm really surprised about that it looks like we're gonna get it now though let's see it looking for looking for these sellers to push it right through here 20 our 22 level into into 20 and then a lot lower uh we might not we might not get them they might not show up i don't know if they don't then that strategy or that look or our insight that didn't that didn't pan out okay so let's just read the order flow in here okay in fact buyers here these there could be a nice squeeze in here potentially back up to 32 and 35 maybe even 40 boy i really this has been a really kind of horrible day um i lost stops and icebergs i lost everything in here i can put it back on the chart and sub chart as well hold on just a minute okay i can't find it i'm on sellers looking for the push right here yet again through this area this little pivot point area right here okay there's there's uh sellers below it buyers above it looking for sellers below it again right here and we're not getting it not getting it this is this is basically a reversal pattern that's on a very small time frame right in here sellers a little bit of selling buyers here a higher low now a higher high and then we look for the push actually this is like a mini head and shoulders in here and now we can still get the move back down now i'd be looking at this area here if we're sell side we're definitely not guys let me show you where to get the stops and icebergs indicator if you're interested in that first off it's on the book map marketplace if you want to subscribe to it if you're interested in that you'll find it here uh mbo bundle but you know that that's if you're new to it if you already have it and you want to look for the download um then uh the way to go here is the um boy that that played out played out pretty nicely here these are just squeezes um higher and higher i think we're going to verify that in just a minute on the sub chart i mean you can see it here 210 242 214 just keeps on going higher and squeezing people still looking for the overall trend though to the downside here's our pivot point yet again right around here around 31 and i'd be looking for sellers below it and now trade back to our pivots kind of here around 27 where this right right where this uh kind of mini head and shoulders uh kind of uh emanated here okay so i'd be looking for them those sellers to try to take it down into that area we're below that this pivot here okay so just looking for the move down to here 26 27 now can't do it another another stop run to the upside here still finding still finding uh stops all right so how do you find the if you already have stops and icebergs how do you find it so go to uh book map dot com uh go to the more button here and then go to our knowledge base okay in our knowledge base here this is where you'll find everything this is the go to for for basically anything right now you're in the book map user guide section of the knowledge base we want to be in the add-ins add-ons section here so click on that and then you you can see all the add-ons here on the left side and click on stops and icebergs sub chart right here okay and then you can scroll down or you can also use the quick links here to kind of scroll down to installation and then you'll find it in here so you'll see the download here or use the direct link here okay and then that downloads the uh jar jar file here all right so now we've downloaded it now we're going to add it via configure add-ons add here's our download here and double click select it add it and then select it here and then you have all the uh different settings in here all right guys well let's let's take a take another look at this here like it just continues to to trend here uh trending really nicely turn into actually a pretty pretty beautiful uh reversal pattern uh yeah so it looks like we're going to try to spike back up as high as the day here or at least high of the cash session here now i'm just going to this is something i've been testing uh to be honest on with the new liquidations uh indicator here we're looking at uh finance futures okay and see these are nothing but by liquidations to the upside here so this means people were short and they're getting liquidated out on the move to the upside here all right we covered we covered this the uh last week we just released this last week what i want to go through though here um is we're going to start to i mean this is it's such a crazy indicator it's it's amazing to see this these are actual liquidations so these buys here they're not stops this is the exchange liquidating the account and saying you you know you you don't have any more margin uh we're closing your position we're forcing your position closed and we can see that here on the chart now i don't see one to the downside not one yet so when we see this and we're going to i'm going to extrapolate this here to stops and icebergs in the es so once we start to maybe see some on the downside that's when we're we're going to look for um the potential our potential bigger move to the downside okay because i don't i don't see any yet uh here now it's filtered um in this uh liquidations here i'm looking at um uh a certain amount and i'm i'm not i'm just not seeing any right now um so the um so the the market here is uh continually pushing to the upside and and finding uh finding buyers the buyers they're finding here are being liquidated or they're they're they're positioned to sell uh so now now they're they're forced out of the of the market from the exchange to buy you know uh and liquidate their their position so that's what's happening up here now let's take a look at the es okay same thing is kind of happening here stops stops stops lots of stops stops i don't see too many here on the downside they're they're being filtered out okay when do we start to see some bigger stops to the downside when do we look for people that might be long in here getting squeezed on the downside let me get to some of the questions here so don't leave you guys hanging yeah yeah bruce i i hear you um you should be able to uh here let me let me show you it's the same same area that um in your columns in here if you want to set your vwap i mean basically you should see the vwap setting up in uh here under studies even on thinkorswim so just click on that and then here you'll see your vwap and then here this is where you can uh click on session start time uh and you can see i put mine in for 930 you should see that there okay and then for the poc it's within the svp uh a column like we're just showing a corwin okay so here we right click in here uh you have to be a volume column session accumulated and then configure it and then you'll see poc here okay and oh i'm sorry i'm sorry you you're looking for the reset so now right click again and go to reset and then go to um reset configurations okay and then you can uh have it reset in here so for example 930 you select your time in here if you want to you know add in your your time apply it and then that's it that should do the trick for you okay it should be the same uh in thinkorswim all right guys so here do we get a big stop run no okay i'm looking for sellers now here and then the drop down to 41 28 okay so every time we've come back up we've seen um uh stops here we didn't see so many there are some but not as big it didn't make the filter here we don't see many at all great all right now i'm looking for the sellers then let's see if they can push it uh back down into uh uh these areas here okay so that that would be primary scenario and it's not much to hang your hat on but it that would be the primary scenario here looking for our sellers looking for the push looking for 41 28 secondary scenario here uh would be we do get back up here we see buyers lack of sellers here we do get buyers here yeah and that's what's the secondary scenarios what's playing out and then we're looking for our stop run to start to emanate up here around 41 35 on up into 41 40 okay let's see if we get our stop run now not much i mean nothing notable you can see i have it on transparency in here you can also look at the sub chart so now it retested back up here and it didn't find many right great we're back down here again looking for the follow-through on the sell side okay it retested it probed up here again didn't find anything looking for sellers to probe and test down here 28 and and let's see if we can get our follow-through now finally okay let's let's let's take a look over at at Binance here Binance Futures how is it doing like uh still don't see any sell liquidations yeah Corwin I mean you know there's kind of a you're talking about the you can't wait for the MBO data um I'll show you another way to take a look at this guys like this this is like you know um some really really great stuff I mean like this liquidations is just incredible to me and is very similar I mean we we don't know if like these are liquidations up here we we certainly know their stops that's no there's no question about that okay they're stops and that's the order type that is being is transacting in some of these areas here okay but there's likely a lot of liquidations up in these areas as well they're they might be stops they might be liquidations up here so they're they're very similar because they're happening up at these extremes here here again here's another retest back up here not much not much on the downside either they're still finding more stops on the upside so rotate back up and let's see if they can continue to push and get more stops back up into highs of the day here we go here's here's the sellers sellers have had enough right they're going to move this market here it looks like and this is what we're looking for since the beginning of the webinar all right move it away from this area here's what we're looking for this whole big consolidation here it's even bigger than that okay now they did find a ton of stops to the downside here as you guys can see not a ton actually if we zoom out not a ton only 69 actually and it probed it it probed 28 right that's kind of that's what we're looking for is just to move down here and test this area okay now let's take a look again at this area and we we did make a slightly lower low here but we don't have money many sellers down here okay here we retested it again and there's no selling down here okay we're looking for buyers to come back in and try to take it back up to here 33 or 34 maybe they can even get to 39 and 40 now okay so here is the retest here's this is the selling we're looking for retest not many sellers buyers retest again no sellers at the at the bottom here it exhausted buyers here back up to the top and retest these areas here so 33 35 39 and 40 liquidity up here and that would be above no still yeah it's just right up by the open here broke her by a new yacht day yeah yeah this this has been kind of a kind of threw me for a little bit of a loop here and um you know and it shouldn't this is this is um yeah I mean you usually I mean the this is you can see like uh I've had a bias to the downside and and the bias to the downside was due to the bigger picture and then I kind of lost my bigger picture with my rhythmic charts but you know due to the bigger picture I'm looking for retest back down into some of these lower areas from you know last week's nice move to the upside I want to see them retest some of these other areas on the downside and we're we're seeing that on the hourly and then also on the on the daily and then right here you can see like there's big wicks on both sides here and then and then the last hour so this is turning into like big wick on the downside but you know a lot of green in here too and are already retested in up up in this area here so um that's kind of a little bit of a surprise uh order flow wise you know the the move to the downside sellers here looks good for continuation we had we did have a retest and and then we do see the buyers come in uh looking for that still like a trend and a move to the downside okay I was uh and then we can see buyers back up and the structures is is beautiful here I just kind of missed it um the um uh this kind of bear or bull flag here played out beautifully and it retested back off of it structurally this is it I mean you can it's it's working very very nicely uh the order flow read wasn't so nice uh on my side here the here's move to the upside up into this liquidity here uh and then you know pretty good selling coming right back down looking for you know the the the break again back down to the lows uh due to the the bigger picture momentum and we just continue they just continue to squeeze we we continue to see the sellers uh squeeze to the upside and getting stopped out now I'm just looking for when we come up here and we there's just no more sellers that's what I'm looking for so and and here it is I mean basically they we can see that we've probed up here we didn't get we there's some stops in here no doubt but we're not seen as many as like this over here okay it's not meeting the filter requirement the on-chart filter here for our stops let's take a look so I can even uh redo it here uh see it's the automatic filter for an hour here and I have a pretty high multiplier in here so I'm looking for it has to be a minimum 147 for it to display here so here's like 66 or something like that 56 something like this I didn't make make the the threshold okay all right Bruce I'd have to take a look at the thinkorswim version from what I've seen in the past like what I covered there um is is is spot on to uh what thinkorswim had they've duplicated it uh how do we differentiate differentiate between regular stops and liquidations well so they're I mean we don't know like um uh if it's a liquidation a core one or not in the s and p we just know that with um what is it buy bit finance futures bitfinex and ftx okay with that new liquidations indicator uh we don't know if this stops in in uh crypto in those in those exchanges we just know if it's a liquidation uh it would be great to have it over here but we don't have that data from the exchange uh in the s and p and that'd be amazing all right so captain price all sorts of stuff in here okay all right looks like I'm caught up here um all right well let's see continuing to kind of squeeze higher here still looking for the that that big stop run now here here we didn't get it in fact here more sellers decked out of the bottom of the range this is order flow we'd be looking for back back to the bottom of the ranges here 34 33 32 down here okay here here's the the the opposite of what we're looking at earlier here's buyer volume none there's no stops sellers here great they should be able to come back down to 34 and 32 here should and they are this time now let's see if we get our follow that's a lot of selling coming in so we now we're looking for follow through though the first stop is down to this area here around 32 and then we'd be looking for the next stop to be down to the bottom of the ramp well point of control is here we're already getting kind of through it the next stop is the bottom of the range down here okay and that would be around 28 29 and I don't I don't see anything different like this time it's the same read I'm looking for the move lower here uh due to the order flow in here just reading just trying to simply read the order flow okay I was a little hung up earlier I think on the higher time frame bias uh and uh here we're just going to start to read simple order flow here and then follow through okay there's no reason to get out of this until we get back down and and test the bottom of the range and we then we'll wait and watch and look okay now what's been happening here is is we we look for it and then buyers come in on the other side up here and then then it's true the order flow read is yeah let's see if they can continue and maybe push it back up into these levels as a pullback okay but see the follow through now see now we're getting our follow through we are down at that 28 29 level all right great now we're looking for more than that though uh let's see it's a lot of selling here okay so the next level and let's just kind of subdue the heat map a little bit uh the next level is really you know where where else you know where this there is there structural areas in here or transactions maybe here around 25 but 20 looks better the bottom of this range here and our structure that we kind of outlined here so let's see if we can get our follow through the bigger picture looks pretty good here too i'm looking for follow through down to 20 okay and that would be a bigger picture look as well here okay and then 20 we'll see now we waited to see down here at 28 29 and i don't see any buyers so i'm still looking for continuation okay and and in these kinds of moves after you know some tricky moves to the upside i thought or you know my own my own bias there uh move to the upside um here a lot of the times like after uh you you capture that that move on the other side um a lot of times i will not take profits uh at some of these areas here i mean this this one down here at 20 we'll wait and see but like uh likely i would at 20 because this is a nice point gain uh and it's down to the bottom of the range uh and and we have some reasons here we have structure we have vwap uh and so there's some reasoning for it uh and you know low volume node whatever it might be uh there's some reasons for it and um uh takes them off and reduce the risk okay and look for the follow through then uh in fact you can even manage it if if you see a low volume pullback at this point you can even start to splice back into the trade all right well anyway uh the point was the original point was that get down into some of these areas in here and uh a lot of times you won't get even a bounce uh you'll just they'll displace right through it we've seen it so many times okay we kept looking for it we kept looking for it they kept it kept on just grinding higher hitting people stopping people out uh and then uh we see our uh kind of no more stops uh you know no one else getting kind of stopped out in areas uh and then we see the sellers do come in and they do commit and they'll a lot of times we just see it go right through these areas here uh and then down to lower areas okay and so we'd be looking for even you see liquid kind of an odd area for liquidity to come in here around this um kind of 09 area 4109 uh I'd still be looking for the move all the way back down to 4100 basically uh and breach the lows here okay because we we're looking for that earlier and we never got it okay a lot a lot of liquidity here on the offer now this is different than before liquidity on the bid too uh here between and they're bidding up uh above 4120 and let's see if these guys stay in the book here between 27 and 30 still still sticking with downside no reason here to get out secondary scenario don't see buyers back up here okay now we're looking for their follow through to the downside into 20 so let's still try and on the enqueue as well yeah I don't have the enqueue up um I had had some yeah it's been a it's been a tough session I as soon as I started or just before I started the webinar there was some uh I had some um connections uh issues with uh with my r-trader it wasn't it wasn't rhythmic uh it was it was my uh my connection to to um uh rhythmic r-trader pro and something got hung up in there so yeah rhythmic r-trader pro is closed right now okay let's take a look again here see what's going on well I mean still structurally we still have no reason to get out uh from that downside um outlook here it's been just kind of back back and forth here but here here we're looking for a follow through uh and I'd like to see it just blaze through 20 to be honest that'd be great and that's possible there there's 20 finally finally we made it down to 20 I'd really love to see that like not give people a chance uh that happens a lot after these kinds of grinding moves higher it just blazes right through it back down a point of control and then even uh bottom of the range okay you keep waiting you keep waiting and then you think oh I'll buy the pullback and you just won't get a chance to buy the pullback or sell the pullback right that's why like uh like I was kind of saying very early on in the webinar uh I like to look at the order flow and then I look for it to follow through immediately if it doesn't I'm out uh something's wrong something's different uh I'll take the I'll take the scratcher I'll take the small um nick and then I'll I'll look for the next one uh Rob let me see what exactly let me read it out here uh kind of looks like between uh 10 40 and 11 0 5 Algos are trying to conceal their accumulation or sell orders uh based on that ice uh and then it dropped pretty hard after that this happens a lot you'll just see it grind higher and higher and higher um and then um uh you know a lot of times it it's when I mean there's news later in the week guys and you know I like to also kind of look at and plan out the week uh based on what's going on in the news of of course um you know economic events and geopolitical uh but uh you know you'll see these kinds of tests and probes higher and higher uh and then you know like we were discussing earlier with like um here look at even look at now even the distinction here in Binance futures now we're getting liquidations on the downside so there's actually still more liquidations on the upside here so we maybe maybe we just go in a back and forth uh environment here in bitcoin or are they gonna they're gonna press again like the market will probe and test that's what it does okay it will probe and test this area down here again and here here it is right here basically uh and it didn't find any liquidations here so let's see if uh and it didn't find any here it it kind of retested back up here and didn't find any okay so well let's see maybe sellers can try to reprobe uh this uh 31 560 area here and then let's see if we get some liquidations there see how see how it's now starting to find a few here's it's less it's very small 0.01 or less than 0.01 or 0.1 coins here we can look we can look at it in dollars uh as well maybe that's better okay you can do it on quote currency or base currency so it only found $1500 up here it's not much right whereas look at some of these over here 26k 18k down here 26k and liquidations now many many liquidation events as well here and then in here love this indicator this is it's a part of uh you get it with your subscription global and global plus so you'll just have to go to that add-on section i was showing you earlier and download it all right let's see if these sellers can continue to probe lower and test lower okay so they we got through or we kind of bounced around 20 a bit now looking for this odd liquidity kind of in the middle of i mean there's some structure here not much but this 4110 area here i would think these guys are going to get out of the way and it's going to come back down into 4100 but we'll have to see here we never know until they trade down to them so rob i i hope i kind of answered your question um that that kind of accumulation yeah well the larger this is true rob it's a it's a really good point now we saw this all last was it last week or the week before i think it was the week before on friday we saw just massive accumulation on the way down and that's right like you know the icebergs they want to get filled and to get filled you know is most likely got to trade through you it's not going to hit you and then too if you want to get fully filled you know it's got it it's like your limit orders it's got to trade into it and it's got to likely trade through it uh and so it's going to go against you immediately well you'll see like you know it's also here in the order book you'll see this high liquidity getting filled and then you'll see the it go against them for long time sometimes they have deeper pockets it was this here let me go back to the chart on the daily and we saw the whole thing it was this it was this candle here it was like wow every every point had just massive liquidity on the way down and we're i don't know how many icebergs we saw it was in the several thousands but it might have been over 10 000 i can't recall but we just saw massive icebergs getting filled here on the bid we would look for a move back up into the range and this this at least back up above where those guys started to get filled on the bid and where those icebergs came in and not only did it do that it led to a multi-day move to the upside that's how powerful it is uh to start to understand the order flow on these higher time frames i mean it makes sense i mean that's where they're getting filled these are just orders i'm still looking for i would love to see just the top of this range here at 93 uh today okay just the we're looking for a pullback and we're still looking for continuation of the pullback here and that would be here yeah well there's a lot of liquidity down there as well okay right around 92 here okay it makes sense yeah rob i it's i think it's really worth it like uh to go back and watch that um uh that day uh it was um it's on our youtube channel uh and uh i think that was the 20th right yeah so go watch that webinar from the 20th okay it's in here uh and you'll see what i mean okay the recordings are here click on the playlist oh god and you lose the date don't you okay let me try it again yeah you don't see the date that's that's kind of horrible maybe it was this good yeah this this one right here here i'll put it into the chat for you yeah so here here watch this one here uh and and you know that's where you'll see it you know these these larger players i mean they can have it go against them a lot in fact that's how they get filled and they average and that's verified i've talked to larger larger players that's how they trade averaging into their position i mean they just have so much to get filled all right so let's see here let's get back to our order flow read strong move to the downside looking for the continuation we got through our 20 level here and then been bouncing around in it uh and arrange in here and okay so now we're looking for we had to move to the upside and the potential for the move back up into 30 here but we're not we're below it here and we've got sellers below these buyers here now i'm looking for follow through to the downside into 10 i want to see them move it into 10 and i want to see these these guys are likely going to get out of the way i i can't believe they're going to get filled um but um uh we'll see we'll we'll see if we they see if the market can test down into this liquidity here okay anyway that's the the uh kind of read here this is our pivot point right here okay right around 20 a little bit higher okay this is where the buyers came in and moved it this is where the sellers actually the sellers came in a little bit a little bit higher here around 21 and then moved it lower okay now we're looking for and here's the bounce off of here see the lack of buying we're looking for sellers great back down to the bottom of the range now we we want to see the sellers push it through here and break it back down into well 16 15 down to 10 basically and let's see it reproved reproved back up here and this is this is classic s and p kind of activity just reproving retesting okay and that way it can be really very forgiving uh let you out of your positions okay now starting to find some buyers up here and what about stops no it didn't really find too many okay starting to find some now a little bit let's see if we get r still looking for sellers down here and you can see it exhausted here and we found buyers instead right so another probe higher here okay back up into maybe 24 let's see 24 the quickies up here at 25 though okay there's 24 okay so just back to the top of this little range here around 24 okay so now where where would we be looking for our sellers to come in what do you guys think okay or or lack of sellers basically okay bruce so you sent me an email summarizes the issue all right i'll take i'll take a look uh 18 and a half yeah i mean definitely a lot down at 18 a half but on the smaller the smaller little range here right here at 22 see see where the buyers came in and lifted it i want to see sellers push it through that area here and then what we'll have is a nice trap here okay and then we'll have a new range down here okay so i'm looking for that scenario here here we go starting to get them looking now if we can get a few more see now they're actually kind of supporting it here these guys did get out of the way here but we didn't get too many sellers here and we were starting to get some buyers back up here so likely due to the order flow read then we should get a press higher here okay because we didn't get sellers here we're getting buyers up here okay and then now we're retest back down here we do we get sellers not really now we're gonna we're gonna get sellers on this one if we do i would jump in and then i'm looking for follow through down to our then i'm so bad i'm looking for the 18 and a half area here and that retest down here okay and i'd likely um i'd likely uh scratch this trade already i'd scratch that idea i'm not going to get caught up in it and and get squeezed up to 27 and i'd be looking again down here sellers okay let's see it then follow through down to 18 and a half here okay and then and then down here boy i want to see them push it through there they go okay so so you can see this one worked out this rotation worked out that's what we're looking for now we've got something here though right on this rotation here we got something and i think we can hold on to it and look for it to break this structure now okay we're down to like even below like you know it's somewhere around 17 18 um and now we're looking to see if we can get back down into these lower levels here 10 and then also well bigger picture 4100 okay so same process now one was kind of a little bit of a scratch the other one here is we we got the follow through okay and still looking for follow through all right so that's the order flow read and that's the trade management of the order flow read now that's just it's not a trade recommendation whatsoever is something to consider about you know if you want to marry your order flow read with uh uh your trading activity this is something you need to study though on your own this is only for educational purposes you need to go back and you need to study it okay and maybe this kind of that kind of style like i mean basically what we're doing is reading the order flow and then hopping on the train and trying to you know look for a follow through to the downside okay once we once we've got the kind of the read on on the uh uh uh follow through or at least the potential for that uh and then then hopping on the train okay uh most of the time i like to you know reduce the risk kind of at the lower area here so i'm so bad that would be perfect around your just like you said you're 18 18 and a half so more like that in this case i probably would have just held on uh and uh still be in it and now i'm now it's going again well it's not going against me yet but it's retesting where i entered okay i'm i'm still sticking with the trade idea here i'd still hold on to it right it's retested back up here but this is where the sellers came in and i don't see buyers back up above it here yet okay if they do then i'd get out i mean a lot of trade management on a on a on a pretty pretty tricky day but anyway that's trading uh and looking to reduce reduce the risk have the the odds in your favor or look for something that um gives you the potential for follow through uh and a um a nicer move now that's one way you know another way is like uh you know we talked about it many times like looking for the move in here just the bottom of the range and you can get out or at least get out some uh maybe look for the uh uh continuation or maybe just look for the next one that's just going to trade from either top of the range to the bottom or like a low volume pullback and continuation okay this trade idea is still still working out okay that is probed up here up to here where the sellers came in okay and so far is holding okay enough sellers in here let's see if it can break and then come back down the first level would be back down to the 18 and then 18 and a half or yeah 18 level and it's not doesn't look like it's going to happen okay probed one more time just a tick or two above now it looks like it's going to happen now we're looking for 16 in the bottom of this range here i'd love to see it trade this liquidity here so it's 17 actually let's see it sellers might even add into this position at this point and then takes them off here at 16 or 17 okay so yeah yeah i would uh just because of today i would get out of my uh that little uh add in here okay stop stop it break even at this point okay still uh what did i say i would have still been in both legs here yeah so i still have two positions on i've taken i added in basically uh and then uh stop it break even so break even is up here so just about to get stopped at break even around 22 something like that okay so i got a little bit out of it on the scale in and then holding two legs now two two positions something like that guys again this is this is not a trade calling room whatsoever this is about going through him let me let me even just kind of articulate on that on our youtube page okay you can go here to um it's under playlists yeah under playlists here or no it's on our home page so uh just scroll down okay book map education course view the playlist four parts to the educational course here we're going through that same course content here in the live market and that's that's our goal here so you can apply this to any type of trading okay so and then so i got stopped at a break even on my my other two remaining here i was looking for follow-through didn't happen okay it's been that kind of day today took a little bit out maybe recovered some of the uh losses uh from other scratches earlier something like that and that that would be my day all right so let me get back here any questions so again that our strategy here in our in our education is pretty straightforward i think it's quite robust we have the educational course that i just showed you and then we have the these these webinars here live analysis that goes through that course content in the live market and then we have three different traders uh tom b is going to start right now uh and uh he'll go through the afternoon session uh in book map he's a volume profile trader and he's looking at auction market theory and volume profile uh and then we have j trader a stocks trader on wednesdays 10 a.m and scoppel senior futures traders uh at 10 a.m and they will go through how they trade uh in detail uh so we have the course we have the education that that should answer a lot of your questions and then you can take that to any into any trading style and we can go through god we've done it a million times um we can go through our candlestick analysis uh and uh we can look at that and look at order flow okay so look at like a one-minute candlestick chart here all right so here like wicks wicks look for sellers right here if we get our sellers in here and we got to get sellers here and we got a few okay now they're back up above it okay then to squeeze back up into 30 right looking for an extension we're back up above the these two wicks here let's see if we can get buyers back up above it and then back up into 30 okay that would be the candlestick play right so we're looking at the volume here to support that i'm looking for the order book to support that here a little bit in the order book at 26 and a half we got our buy volume up here all right let's see them let's see them move it now 30 okay based on candlesticks okay order books supporting it nicely on the way up here so again you might be looking at your candlesticks but you don't have the order book nor do you have the volume it would be like you'd be looking at this or not even you wouldn't even have bested an offer okay and you'd be looking at candles and you'd be thinking well okay well where where are they in here uh now we just got our answer and nice follow through up into well didn't get to 30 but it got to 29 they just based on understanding order flow within the candles I mean like this is literally what the candles are hiding so we put the heat map back on we put our volume back on now we can now we have something and our best bid and offer okay well this this is a fall fall breakout back down in here let's see them move back down to the bottom of the range here 23 and a half or no 24 call it 24 here these wicks down here be looking for it this is a false breakout nice candle we're looking for the follow through to the upside didn't happen let's get them move back down into the bottom of the range okay we may even get follow through at that point and then we'd be looking to the bottom of these ranges or these wicks down here which we have point of control and we have VWAP down here all right let's see it after this we'll go guys I Tom B is next or you might have even started um so um uh we'll uh we'll continue on uh on tomorrow yep no no follow through to the downside not yet retest here let's see let's see if we can get them here just one more read here and then we'll call it a day nothing nothing nothing so far okay well a bit of buying back up here all right let's see if they can extend it then yeah all right I like it let's see the 30 moved to 30 and maybe 33 we're looking for a breakout here okay it it tested these levels and didn't find much now we're looking for it to test there's 30 now we're looking for 34 33 up here next levels of high liquidity okay so where would I jump in well when I start to see that break happen basically in here I'm looking for that volume up at the top of the range and then the follow through to 30 okay so I would I would have probably been in around 29 because we were looking for 30 as being tested even if you got in at 30 still pretty good position anyway guys thanks for coming everybody we'll wrap it up we'll call it a day uh if uh if you like this video please give us a like uh if not um we will see you tomorrow uh with uh uh uh j trader uh the um our stocks trader uh he'll go through uh how he uh reads stocks uh and order flow he's a momentum trader looking for uh things that are already moving uh tremendously and then he's looking for pullbacks and then continuations okay all right guys yeah thanks thanks a lot for coming tom b is next you can jump over uh watch tom b you it's this should segue right into it I believe uh at the end of the webinar here uh and uh watch tom go through his way of trading and looking at order flow uh with uh volume profile okay thanks for coming everybody yeah take care bye bye