 Good morning traders and welcome to the book map all markets webinar. We'll go through live forward-looking order flow And see where price might be going next Based on our order flow analysis I'll be your host here for the next hour or so and let's jump right in first Disclosures a general disclosure all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involved substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump in. Let's take a look what's happening in the S&P e-mini And in the current order flow in the market here Let me add stops and icebergs here Take off CBD all right and We can look at any market you guys like just let me know and Look it up These are the symbols. I have open right now But anything else that we can connect to as well Ellie a good good morning Catty and aloe aloe ease Let's see All right, good morning slowdown Stan Rob excellent All right, so yeah, not not seeing much at the moment here I mean pre-market you can see the breakdown here very clearly at 830 And it was kind of trending down, but then this is the break and this is what we're talking about many times over Good morning, Dan the Impulse move understanding this impulse move So important This is what moves the market And as it searches for value and once it finds value you get back and forth in an area So right now. Well, you can see the value value is slipping to the downside here So our impulse move is giving us insight That these are sellers. They're in control. They are moving the market. Hey, we can see it here Oops, hold on we can see it here You can see it here And then right now it's really kind of a mess We see selling in here, but we see quite a bit of buying coming in now All right, so something's going on here. It looks like it's an important level So let's let's take a look here at our higher time frame Okay, so we're looking at the daily here on the left-hand side the weekly and I'm sorry the daily the hourly here in the middle and then the 15 minute on the right Okay, so here's what's happening You can see that we've sold off end of the day here And then we gap down today on this 15 minute chart right into this area here where we saw buyers come in Yesterday and this was at 1 p.m. And actually this was what we were tracking during the webinar Somewhere around in here. Let's see it started at 10 a.m. And we were looking for the move to the upside In the breakout here 11 o'clock. We did get a breakout and then we're still still bullish in here And looking for continuation to the upside we got one more big pullback here and then this continuation Now that was based off of the order flow that we're looking at yesterday And we can see that this fits into the bigger picture though. We saw it in book map That's why we're looking for the move up We also have no the hourly we have Some some things to take a look at but the daily here is what I wanted to cover This has been a really really bullish move here So we are still looking for continuation In this move and up into these swings and you can see yesterday it did it It tested the swing up here and that was back in September mid-September Okay, so we can also look here maybe at some more bars in here And understand I don't know maybe a little bit bigger picture We'll go to weekly bars Okay, so we've come up to this swing up here as you can see all right, so That's that's important And this is an important level in here Hey coming up to this swing That's what's happening here Here's the swing here. Here's where the buyers came in. That's where we're testing right now. So we're looking to see First off, we're looking to see if we continue through Or are we looking for buyers? Hey, this is where the buyers came in and this big candle to the upside here Hey, so we assume that there's going to be some profit taking here as well as some new buyers Maybe looking at buying at a discount. So let's look at the order flow in bookmap to give us some insight here All right, so what kind of insight do we have? well It is not much at the moment in terms of the order flow We do have we're still trending down in the market structure We do have a lot of selling in here countered with a lot of buying And we're just starting to kind of break some of the structure in here. We made an equal low here double bottom And we we just made a slightly higher high above this little swing here at 4950 All right, so well, let's see if we can get more buyers in And get a move to the upside then. Okay, so we just pulled back the boarder book looks good looking for buyers here Looking for buyers here actually 49 and a half Okay, at this point here, we're looking for the buyers to try to lift it past 49 or 4550 and a half and and then on up Okay, and you can see we didn't get it. All right. We've seen sellers coming in retesting this little swing right here Well, let's take a look at what what we can lean on and this is what we've been talking about lately a lot is Well, we put this flag pattern today or a continuation pattern together to understand What was the likelihood or more likely for that continuation pattern to unfold and It was leaning on Or creating a foundation off of previous order flow And then looking for follow-through And we're gonna do the same process in here. Okay, so right now There's not a whole lot to to lean on And to kind of have at our backs like the wind at our back This has been Really really Jumbled open as you can see right so We can go through the scenarios and look for you know certain things in here and Like right in here. We're looking for our buyers a little bit higher right up in here 4950 and then and then the continuation now we can look for it again here, too. Okay, so still looking for it here and Let's see if we can get it up here Now this would actually be a little bit bigger move that we're looking for and this is not so much a scalp because what we're looking for is Some pretty significant buying up in here to lift it away from this whole area in here this whole area and We got it We got to have some pretty big buying to be able to do that the order book looks good. They're on the bid at these levels down here and just There's some back and forth in here in the order flow In the 50 55 or I'm sorry 4550 and a half level etc up in here, so We're still Looking for these guys to maybe pull that liquidity these guys in here to stay in the book. They are they are getting filled Okay, so that's that's a good thing and But we need the aggressors to show us the way here. They need to take charge And right now we don't see that happening Okay, we see we have market structure We do have some you know, we're quite a bit of buying in here But we don't have all the pieces yet. Hey, so what do we do now? We're going through our check list here And if you guys want access to this checklist software, you can get it it's just that You need to sign up for the book map academy and then you can get this here Hold on just a moment So again, this is going through this process in here of looking at this previous order flow in here to give us Some insight to where it might where price might go in the near future All right, and right now we're not we're not having too much too much insight Okay, we can go through we're gonna go through scenarios in here and Look for that potential But anyway, you guys might want to use this tool in here. You can import your own Parameters in here in criteria and look for whatever it is you want to look for it Then you can grade it one through ten It will give you an average score down here best if eight or higher For your specific setup or you can use the one that is default, which is for the flag pattern All right, so this is kind of a work in progress. It was done very quickly by development and it's working great so far so When we look for the flag pattern, this is these are the checklist items we're gonna look for all right, so We're gonna use that same process for anything though Okay, right now we're looking at well, let's let's just we can break it down a little bit. All right, what do we have? If we take these elements off of the chart in terms of structure, we might be seen we might be seeing a potential reversal Okay, so it's pretty simple, you know, here's our trend to the downside and You can also see that we're making lower lower lows Still in here now we made an equal. Oh here and we made an equal high here Hey, I think it was a slightly higher. Yeah, it was slightly higher All right, so maybe we're gonna see that change in that shift. All right, so what's the context in here? So we're still we're still in the downtrend So what is the context though, maybe this is just a brief pause Or maybe it's a reversal. We don't know yet We're gonna look at the behavior of the of the participants the transactions as well as the Limit buy and sell orders to give us insight. Hey, now here come our buyers right back up into that area We were just talking about we're looking for Okay, now what we want to check out is the amount of Transactions, so let's turn on the volume dots And what are we getting in here? So a little a little spike on the on the volume in here It's not nothing really to you know write home about though. There's not not a whole lot going on there Hey, look at out. Look at the bars and look at the dots and the size of the dots in here Okay, it's a lot sparser than over here So we would like to see this kind of behavior over here That'll give us a lot more insight to this potentially breaking and then having to move to the upside Hey, so right now we're just we as we had mentioned in the market structure. We have our market structure Hey, we're in a downtrend and it's just turning kind of sideways now If we are looking for a reversal we are looking for volume Buyers up in this area a lot of buyers up in this area If we are looking for a continuation to the downside Now we are looking for a lot of sellers right in this area right here right now And let's see if we get them because if we do this would be the first stopping point right here at the swing at 4550 And I'm not seeing either right now. I'm not seeing either. So what do we do? nothing It is chopping within this area Now if you're a range bound trader Maybe there maybe you are you're just trying to scalp a few points within the range Then you would look at the this was actually a good sign that you can't read this in here You are anticipating chop and back and forth Okay, so we're just reading two elements in here only price structure and volume within that price structure Let's add the third element to give us deeper insight What about the limit buy-and-sell orders in the auction process and we already covered that in here that they were Bidding up at a higher level and that is bullish Okay, there's liquidity up here and it keeps on adding and pulling though. It's pretty fickle Hey, so that's what kind of keyed us into potentially looking for a reversal or a breakout to the upside here And Again, though, it's going to be the aggressors that drive that market specific area Okay, it has to be now. It might be those aggressors might be heavily influenced by the limit buy-and-sell orders Heavily influenced right so that's another thing to to consider here So you range bound guys are just you know You know grabbing points at the at the bottom of these ranges treating it back in maybe the other side of the range as well It's it's not something I really like to to look at Because I don't see anything in the order flow giving me insight here I you can make an argument that because you don't see anything in the order flow You're looking for a range bound trade the reason that I just don't like it personally is I have gotten caught in it many many times that You know, oh, okay. Well, then I'm gonna short it up here and that's when it goes against me Okay, we kind of had an example of that yesterday. In fact, we were going through market pulse and we're looking at range bound trade and And then it finally it it it moved it broke and it started to trend And then once it started to trend though, then we reversed our idea And then we're looking for the continuation to to the upside at that point Just not seeing much not seeing much at all and that is a lot of Back and forth and volume. Let me get to any questions Charles welcome your newbie. Where do you find book map? Yeah, you can find it at book map comm and you join discord. Okay, great Yeah, our discord room. We have really nice community Streamers all day long. All right guys here here. We see the sellers come in now Be careful though. I mean it looks like sellers are gonna move it, but yeah, I'm not convinced yet Because it's it's getting more convincing now Hey, that sellers. Yep. There we go. Okay, so they are moving it now What we look for in this move and is this going to be a new impulse move? As we look for the amount of points that it broke down We're looking for the strength in the impulse move here because a lot of times This is why we're saying earlier on this little move in here. No not yet Because it's only move like from 47. Let's say down to 45 It's only two two s and p points and that's at best All right, so we can have a false breakdown there and we don't want to get caught up in that Okay, now we got a pullback here to 45 50 Okay, that's a good area for a pullback because you see this kind of this move a bit of a pause in Another move here. Now. That's why we said the the first move We're not interested in but now it's getting interesting in here because we have another move and now it's gone Well, it's only gone three points but that's really not quite enough for us, but We've noted in the s and p as usually when it's like four to five points in a move That's that's a move that's moving away from a previous value area Hey, but it looks like sellers are still trying to move this so Yeah, still looking for Let's see if we can get a continuation maybe down to 43 42 and Well, basically 42 through 40 a lot of iceberg buying. This is a big stop run as well Okay, we had another little little pullback in here. Now we're getting more sellers coming in Sellers have dominated here volume wise And so Yeah, we'll look for the sellers right here right now 44 and and and a half To let's see if they can trade it back down to about 43 and to a little bit of buying and Let's see it here there now. We're looking for it. There's our skew in the order book We're getting our sellers looking for the continuation into 43 42 Etc. Hey, so it was right in here right around 44 and a half that we'd be looking for that Hey, so this is a good example actually Pretty clean Hey, because we don't know we're not sure then we got our tip off in here Hey, so stop it break even already and then it depends here on how you want to manage it like Yeah, I like to take a little bit off. That's a little little too close to take some off Maybe I'm 44 and a half down to 43 It depends depends on the time frame you're trading If if you're trading a larger time frame and you're looking for continuation then you would You know have along a bigger stop. Hey, but I'm looking for this to work right now and and continue If it doesn't then I'm out if it comes back and hits my stop, that's fine I'm looking for the continuation move and if it doesn't do it and then I can always get back in for for another move Or when it looks better Hey, but in the in terms of order flow, here's what we had It's right here. Okay, so at this point here we went through the scenarios Hey, we we noted the sellers coming in Note of the pullback talked about a potential move back up above maybe into the range and back up to previous value area or other side of the range Or we're looking for continuation to the downside and it wasn't quite too clear in here like yeah good volume That's for sure better here Now that we know that they've moved it more here that sellers had the the selling pressure to move it more And then we got a pullback in here, but we don't want to get caught up in it This is where the buyers could come in and just just rip it back up to the upside Okay, so we're looking and we're watching and then we noted it here. Okay, so some selling in here. That's good That's where we started to note it And then we had this buying in here and we're like yeah careful Trap now it's a trapped buying in here and here and We had the order book and balance here at 45 That's when we're looking for the continuation to the downside Okay, so and and that's where well, it's followed it's followed through really nicely so far All right, so down at 40 in here after it's traded through all that liquidity in here I would be taking some profit and then holding as well for all right, so our stop was around 45 What 44 and a half so or 45 and a and a half so no 44 and a half let's call it right right in here someplace Okay, and it worked out Okay, so we got we got one right we had a plan We're looking for something very specific because we went through the scenarios And we're looking forward to work now All right, and this one worked out So now it's about trade management and then looking for the next setup All right. Well, let's take a look here. This is now a strong impulse move Okay, very clearly And you can see the the power here of the selling In hindsight, that's very easy We were looking for this scenario to play out. Okay played out played out. Well Now next steps Right, so we're looking for the momentum to continue in the trend and maybe looking for Pullbacks into certain areas because we're going to get them Okay, and when those might unfold it might might unfold right now We've got a few things on For that idea that concept see the buying in here. It's not a lot But it's some it's more than back up in here and then they're coming in again now And then also look at look at the the drop here to here Okay, it's it's only a tick or two a couple of ticks Okay, so we have the potential now Or a deeper pullback here at this point And where might it go? Well the first stop it would be probably up into here Or you can see liquidity up here This structure these little areas and structures Make a big difference for you volume profile traders You are probably looking at maybe your low volume nodes on pullbacks Or maybe even high volume nodes on some of the pullbacks to kind of come up test it bounce off of it and Continue with the trend okay, so Yeah, we didn't even get a break of the structure in here We noted potential buyers and that this is you know a slightly lower low and slightly higher high Well, we continue with the trend until we see something different All right, let's take a look at our bigger picture And go back to our candles Where are we so Our idea in here was a bounce off of maybe this area in here because this is where buyers came in previously Or the other scenario is the sellers push it through that area Clearly we know what's happened now Uh, but we went through the scenarios and we look for the Participants to give us some sort of insight in here To this potential move Okay, so now where are we looking in here? Well another little kind of area is maybe right in here around 41, but we're already through it So we're looking for maybe these wicks down in here. So like 35 looks pretty good somewhere down in here I see there's a wick down here and there's also some structure right in here See these wicks to the upside and then retest wicks to the downside So this is kind of a pivot point Around this uh, well 34 and a half. Let's call it something something like that And that's where we're looking for sellers to try to drive it And test that area and looking for buyers to be interested maybe down here in the auction So let's jump over to book map Let's take a look Okay, I actually quite a bit of liquidity getting filled here at 38 Uh, and uh, what about our 35 or 34 and a half area? Well, not not a whole lot Not a whole lot So what don't don't see too much uh on the on the bid down at those areas Oh, this looks just horrible in here buyers and sellers this big cluster Um, a lot of liquidity here at this 38 Level it it did get filled In here Now that's good to know But again as it comes back to the context in here Liquidity got filled but we do we see buyers up in up in here in this area We do i'm looking for these buyers to stream it right up into 40 and a half or 41 pretty quickly and Just a little bit more would have been better here Go let's see it buyers And let's see the move back up into just the top of this little range in here Now again, it's noting the structure and and this is a potential reversal too. It could be Right, but here's what we'd be looking for though Okay in this reversal first off Hey, we're going to cover reversals in a new strategy here soon But note note that this high liquidity is getting filled all the way down Okay, that means that they're absorbing some of the buying pressure Okay, and then a lot down here at 38 I'm sorry the selling pressure absorbing a lot of the selling pressure Uh, and then we can note these little pockets of aggressors coming in Okay, so we're just noting that and we're noting also That like we were earlier here in our structure That maybe there was a potential reversal up here too Right now Our structure You can see this trend broke And now that's a pretty aggressive trend line But we can see that it also kind of you know is starting to shift and to change Okay, so maybe it goes into sideways action here And then maybe it starts to shift and change Okay, one of the things to look for in a shift in a change Uh in a reversal is the order flow And now we're just noting this so far Uh, don't see it yet You know, we're we're looking for maybe that potential stream or move right up into like 4041 here 40 is transacted, but not not much more We will note it in the order flow and the transactions They will bid up at a higher level They will be pulling on the offer And it it there's just a lot less activity Or supply here And instead we get demand by by buyers Okay, or we get overwhelming demand over the supply here And that happens a lot, especially in reversals they'll take on the These limit sell orders here and trade does bash them They will uh, we will see someone take it all on or the buyers will take on that liquidity and trade through it Okay, now This is where it can get tricky. Uh, and uh right now I'm not looking for a reversal Uh, look at the um the transactions Okay, we're just noting it though. It could turn into that, but we don't see it yet We will see a shift in here and likely that shift will will occur here Right here Okay, you'll note that a lot of times you'll see a lot of sell Uh transactions here And then you'll start to see a lot of buying transactions over on the other side here Okay, I don't really see too many buyers So We look at it. You can see that the the the bars are are a lot less here So I don't see it yet So the likely Likelihood then I mean, we don't know, you know, that might shift and change dramatically and we get big big, uh green bar spikes in here Okay, and we'll look for it, but right now we're and we're we're just noting it. Okay, so uh Uh, yeah here here come the buyers and they just took on these guys in 40 and they still have more Uh demand. Okay, so let's hit. Let's see them hit 41 Okay, there's 41. There's still more demand Okay, so where are we going next? Well, we can look now up here at 42 or 43 Okay, this is one of the scenarios. We just outlined We were looking for a continuation at this point due to the volume And now we have a shift okay immediate pullback went up to 42 Uh and this uh little pocket up here some liquidity here Pulled back pulls back to this area here 40 Uh Can't can't make up this market structure stuff Uh, there's liquidity here This is the breakout of that little area here And now it was what was supply has turned into demand here And sellers are actually able to trade through it So 40 is kind of an important pivot now in this small time frame Yeah, caddy. That was a good one. Uh, yeah a flush in reverse potential reverse Um, and it still may do that still may do that, right? Uh, but uh because this was short lived in here uh the um The sellers are starting to pick up some uh Uh pick up down below this this buying in here All right, then let's see it sellers because now this is I don't see a huge stop run in here by um By buyers here. So this is not a short squeeze Hey here our stop run would be this this uh red line here Okay, so then what are we looking for? We're looking for sellers in here to squeeze these buyers Hey, this is where we might get our flush caddy Okay, looking for it All right, so if I see a lot of sellers back down here again At the bottom edge here. I'm looking for them to trade through this area into um Lower levels 36 would be the first kind of stopping point 36 and a half One of the things that uh, you know, I I'd like to kind of note here When we look for these things in the in the changes and the shifts in the order flow Uh, is to note that this is a dynamic, uh a process uh, and uh It's it's it's always evolving in here and uh the um All of these lines and in different levels and all this kind of stuff and it's kind of technical jargon Uh is rather You know, we're trying to gauge the Uh behavior through these lines in here and through this technical analysis But what we're really doing though is we're understanding the traders within these areas here And then developing scenarios Okay, so it's a it's a different process Uh, it's not it's not like you're looking at your indicators over bought or oversold and then I'm looking for this and And and therefore it's like a you know a math equation. It's not like that Uh, we're looking at these in terms of traders in their position Uh, and we're just trying to gauge where they might be in trouble or where they are taking control Okay, so now we're coming back up to this 40 level Now I would look for If we get enough buyers in here. We should come right back up to 42 They're on the bid here at 38 and in a quarter and 38 So I'm looking and they're starting to pull. So yeah, I'm looking for buyers to trade up to 42 And then maybe we can get a continuation or I'm sorry our reversal here Continuation of buyers these buyers in here Hey, we just didn't we didn't get the uh, we're I'm actually was looking I like that idea of looking for the flush in here To the downside and then come back up and then go Right instead. It's really this level caddy right here at 40 was the pivot point Okay, because that's where the buyers came in That's where these sellers came in and they were not able to take it lower at that point. We're looking for this And they were not able to do it So instead we got buyers back up above 40. Therefore we're looking for the first stop to be up here at 42 All right now for this to reverse Well, we we could still go back and forth a little bit before it reverses, but I'm looking for the buyers right now Uh, and uh, I want to see them kind of move this very quickly away from this area back up into about 45 I'm looking for that big green dot in here. I'd like to see that book also Support this we're not getting the book supporting it. We're getting our buyers though starting to and uh, yeah, I would have If I were in on this one and I'm looking for it to come up here. I'd take my partial profit I'd stop it break even and then Look and see if we get enough demand to start to move it back up into 44 45 area Okay, so here's why is because here Is our structure and this would be our next structure if the buyers can move Okay Something like that and that kind of aligns pretty nicely to this area here and there's liquidity up there at 45 as well Now the book is starting to behave better See how they're on the bit at this higher level 41 and 40 good Are they pulling up here? Not yet. No Uh, are we getting big a lot of buyers up here? No not yet Okay, so we're not out of the woods yet Do we see a big shift in change in here? No and look in this area in here. Look at the bars and look at the dots in here not yet, right so Still kind of sticking with this here, but this is this is not looking good for that continuation I'm sorry this reversal. Hey looking a little bit better a little more on the bid See then pull a little bit more on the offer would be good. Let's see if we get our buyers Fires and then Should be a pretty quick move kind of like this one over here To the upside into 44 and 45 Revolving profile guys, you know, you you're looking at this is a poor auction So you would be looking for a return into auction back in this area in here Uh, the iceberg detectors after they start to transact alex It's we don't know. Um, once they start to transact though We know a lot. We know how much size um has transacted and we we will know if they're still active in the book Uh, here, let me turn it on We have it the sub chart, but let me show it in the on chart here, which is an amazing indicator So the the red dots are stops and blue are icebergs. Okay, so here comes our demand Okay, this is what we're looking for Okay, I'm just looking for follow through now up into 44 and 45 Uh, for those of you, you know, the volume profile and this poor auction in here So we're looking for maybe even a little bit higher. I mean potentially up into Uh, yeah, somewhere around in here Right right in here where you can see where it did auction and then broke Right, so it's exploring and kind of filling in that area right now Still looking for more buyers Okay, now look at look at our uh, our our bars down here are delta bars Okay, these are volume delta bars for those of you trading footprint, you know, what what the delta is Let's just buy minus sell and Your footprint traders will get a number in here and it kind of stacks up in the in the footprint chart We're doing the same thing in here, but it's just graphical Uh, let me let me right click on it. I'll go to the volume bar setting So you can see it's total volume or I'm sorry not total volume total volume is this one Which is buy plus sell Selling comes in first buying on top of it, right? There are two different Um Pieces of data here Okay, so this is this is the selling that occurred at that area. This is the buying occurred at that area So this is the spike It now buy minus sell is going to take This selling and this buying Binds a positive number of selling some negative number and that's the delta Okay And that's what you get as an output Okay, so these are delta bars Starting to show that shift and that change in the uh in the order flow now. We we covered it in detail Hey sellers in control Here we're looking for it was the shift in the potentially right here. I think right. That's what we said I believe And uh, we're looking at the delta in here and then we want to compare that To the delta in here We weren't sure uh for a while there This was not it. This was not enough Then we we're looking for our spike. We we were looking for this spike Okay, because we didn't get our selling in here. So we're looking for uh those buyers And uh and to lift it Uh, we got our spike What about in here? Well, you really really don't see much either Right, we don't know if this is complete yet Uh, and then or i'm sorry, maybe it was in here and then we saw that uh, well, they're selling down here They're not able to lift it. We're looking for our buyers in here Then we're looking for the move up here and then the possible continuation on up into Uh 44 and 45 All right, and that has unfolded All right, but it's by reading this behavior in here and then looking for something Going by going through the scenarios Okay, so let's clear the drawings in here Uh, and then let's take the stops and icebergs off Uh on chart here. Okay, we have it in the sub chart As cumulative volume delta Okay, but in hindsight now looks pretty clear Well, we see our shift our shift is It's not really here. It's it's probably, you know, more likely here to be honest Uh, a lot of times with like a head and shoulders pattern You'll see like it's it's quite quite beautiful Selling selling selling maybe a little bit of buying selling And then it just starts turning into buying a little bit of selling Buying buying buying a little bit of selling and then buyers Okay, so it's kind of doing that and and we would Look for that in a reversal Uh for that to unfold that has to happen basically In some in some sense or another What were the number highlighted number? Bubbles in the chart just then Um Well, there are no numbers in it. Well, you can actually get it We have the data tip tool you can hover over these areas It'll tell you how much is in it. So this volume dot here Is for about almost 800 see volume 797 And it gives the vwap Price there because there's a lot. There's just not one big transactions. There are many when we zoom in it just aggregates it I think that was the question Let's see rob. You also have a question about filtering the volume dots. Okay Hey guys still looking for 45 here looking good Okay, maybe maybe uh, maybe higher here due to our our poor auction in here and then uh, You know 46 looks pretty good. We're coming a lot of different things in here and technical analysis Again, though, don't you know, I really think the technical analysis is good. But if we want to understand the in the um Uh under the condition of an auction It is because that's really what drives the market All right, so for example in this auction in here and this retest back up in here Hey, we're looking for we're looking for 45 um And higher But now now look at the the buying in here Let's compare it to the selling. I mean is there's a bit more buying than selling So it really it's it's kind of sideways now Buyers have the edge. There's still more buying than selling Here they come looking for the retest to the top of the range here and then Let's look at the top of the range. Let's look at our are we going to look at our profile? Or we can look at the volume that transacted in the auction up here Okay, this looks good. We can see exhaustion here A little bit of buying in here exhaustion here We have some some Pretty decent buying up up in here. Okay, so we're looking for a return back in here And we're looking for more buying in here Not exhaustion Looking for buyers in here and then we have the potential for the move up into our 46 so that's just the the um Again going through the scenario from the buy side Now the opposite scenario would be exhaustion by buyers And we do have that right there And looking for sellers actually here. All right, here they are actually So maybe sellers will take it back down then to the bottom of the range and we just get another rotation here And now what about this is why we look at liquidity What is the liquidity telling us here? okay But it's so it's kind of a complex at the moment Because we have a bunch of different players in here in the book They were we were looking for I was I was looking for actually maybe some exhaustion Sellers which we did get some and then we have the the the book is kind of dark here Right, so we'd look for them to maybe test bottom of the range or liquidity down here uh and uh And then the book kind of lit up a little bit um on buying and selling in here Right, so you can see it's uh That's where it's hard to make make any sense of the order flow at that point Okay, it was looking pretty good for the sellers to hit it down into maybe 42 and a quarter Our buying scenario didn't unfold whatsoever said we had exhaustion Now our buyers are coming back. All right, so let's see now 43 and a half enough buying the book looks good Okay buyers, let's see you now stream it up to 45 44 and a half 45 Okay, the book is still there supporting Let's see. Do we get our buyers if we do Should be able to break it at this point Still waiting. Okay. Good buying there, but we want to see it up a little bit higher Still auctioning still buying Hey buyers, let's let's see you move it here Another rotation. All right. Look at the book. See how the book is affecting price here and we're finding some sellers See how they're pulling here our support is being pulled It's kind of tricky They are auctioning up here though. So we can look for another return back here and look for buyers Okay sellers come in Back down to this liquidity down here. This this pulled liquidity in here. This is how you know liquidity can be really such a nice Nice insight. Here we go on the bid. Okay bottom of the range Down here on the bid We have buyers. Do we get aggressors though? Yes, okay aggressors bring it right back up here To 43 and three quarters and let's see if we can get our breakout then at this point We also have a trap in here This would be our trap sellers Or above them already the trap is is pretty nice So we're just looking for now the buyers to to move it Back up into this area Something like that This guy's pulling some liquidity in here See if we can get it Guys i'm going to clear this clear the drawings in here. They're kind of getting in the way Okay building buying Buying is building and look for that that move here Okay 46 just transacted 29 contracts up there All right now let's take a look at the bigger picture here Okay, because this is the move we're looking for and right now I mean again like this is an area for me to reduce some risk or consider it because this is the structural move I was looking for Okay, I have liquidity up here also at that 46 level I know that there's buying in here. I know that the momentum might continue on up into 50 again Okay, but I'm going to reduce I would reduce some risk up here at that point Any questions on this? Okay Because we went through this is kind of a reversal here And it takes a little while to unfold. It wasn't so bad actually like a Well, is it a true reversal depends on the time frame? It would be a reversal on A smaller time frame. Absolutely. Hey, but sellers still kind of controlled this whole move to the downside And maybe this is just a pullback in the bigger picture right So we don't know but Anyway, like this process though of understanding and going through this order flow in here Can be really really helpful Right and and as we kind of objectively talk through this and understand the behavior in here We can look for the moves to start to unfold Okay, so uh, there's our move into 46 Beautiful area to take some some off for sure And let's let's jump back and look at our bigger picture as well. What's happening here? Because we really weren't looking for this reversal to take place here. It is kind of an odd area We were looking for originally like 35 or so We may get that this this selling we just noted is still in control in the bigger picture Okay, so maybe this is just a pullback to this structural area right here on the 15 minute chart And then continuation on down to 34 and a half or whatever it was something like that 35 half The more objective we are at going through the process and understanding this behavior And and really not Trying to really understand the the the participants The the easier it is or the better it works And just then going outlining these scenarios Rob, let me get to your question in here. I didn't quite understand so What you looking at here Guys, oh Rob. We're gonna have another um And slow down and and jack and and stan. Um, we're gonna have another book map academy Trader review tomorrow I know it's last minute. Um, I wanted to do it because uh, you know, we have the holidays coming up And we won't be able to really meet for a while. So let's get one in and you know End of the day, uh tomorrow at 4 p.m. Uh, and then we'll go through, uh, your Your content that you guys have been posting Okay, that's all part of the book map academy and and the coaching and mentoring Uh, if you guys are interested, uh, you can go to book map.com and click on Here i'll show you Click on More button and then you can go to um book map academy here Okay, and you can read through this and sign up here Right, so let's see. What a rob. Uh, okay rob. So you're filtering here for your minimum trade size Um, it's up to you. Uh, however you want to do this I can go through this setting and what it means and minimum displayed volume as well Okay, you might want to play around with that minimum displayed volume Okay, because uh, that that's actually I think a bit more, uh insightful Okay, so let's go to our Volume settings up here Volume bars volume dots. All right. I'm not I don't have any here. Um in the uh, minimum displayed Trade or minimum trade size what this will do though is filters out all of the trades that are for Less than if you have it in 20 Then this is going to be anything less than 20 will not show The minimum has to be 20 If it's 20 or more then display it Okay, now this is trade size. So the these won't I mean you zoom in this is going to be a trade for Let's see. How much was this This was for 30 if I hover over it. You see that last volume Uh, the last uh line there data point is uh a volume 30. Okay, that's it So it's just going to be one transaction for at least 20 There's one for 28. Here's a cell for 27, etc all right, so Now the other one Uh, you can use them both together. In fact, you can you can have them Both together at the same time uh, but let's bring this all the way back down to one again and then we're going to mess with the um Minimum display volume the way this works here is very different uh, and uh what it does because like in the The environment now with all the algos that are trading um They a lot of the algos will smartly try to You know not not show their their size in here Instead of like a big block trade for like a hundred They will break it up into you know series of other small trades Could be one lot. It could be a hundred trades for one lot each Okay, and but it'll it'll trade really quickly All right, um, but we can capture that because there there's like a It's it's actually based on our your zoom level here. Um, so for example, let's go back up here Uh, oops not here. Let's go here. Uh, and the way this works. So let's put let's input a hundred It's not much Uh, but uh, we'll input a hundred. Um, now what this means is every time a hundred trade really really quickly Uh, show us a dot, but how do you know what's really quickly here? It's kind of funny the way that this works really quickly here means one pixel on your screen Because uh When you start to zoom so it's based on your zoom level because if I zoom in here This area is we can going to become bigger You'll see what I mean here and you watch you'll watch how these um These volume dots will disappear here Okay, see see how like they disappear Hey, this one shows up, but this was probably probably one trade for For a lot, you know, this might be a block trade Well, it wasn't it wasn't it finally broke down here Okay, so one there's probably a bunch of transactions one was for a big Amount and then there's like 38 others or something something like that whatever um, so is is based off of your Zoom and your pixel size so one Within one pixel here On your screen show me where a hundred trades or more have taken place Right, so if I zoom into this area in here And I I break this down into nothing, right? Let's go to zero or we have to go to one So if I go to one Uh, now I forgot where it was. All right, hold on a minute here. Let's let's try this again Go back to 100 Okay, and let's look at this one right here. All right, so uh, and let's let's see how how that unfolded in the in the market time Okay, so right here All right, let's zoom in here Okay, see how this It is starting to capture that algorithmic activity Okay, so a lot traded really quickly here Uh, and now this is a block trade, but it's it's only for volume of five. It's not really a block trade Uh, but you can see how like this kind of activity now. We were zoomed in here. Like we're still in uh, well Yeah, we're still in um Uh milliseconds if we zoom in a little further now, we're at microseconds, right? So Anyway, look at all of that in here Guys, this is just beautiful stuff in my opinion. I I've never seen anyone else kind of capture this activity See how this this is clearly exactly what we were just talking about This is an algo that is building size Without moving the market against themselves Because they're building it very incrementally over time We captured that though by using this tool here The uh the volume uh minimum display volume. This is actually a perfect example It doesn't happen very often right, so Where that condition was true was here Okay, and we captured it And so if we zoom in now if we go back to one and we look at the micros now truly microstructure A microstructure again means sub second levels We are at sub second levels here Okay, and this is trading actually from 17 seconds to 19 seconds in here Okay, so two two seconds uh is all of this trading activity between here All right, so this is what unfolded and look at the machine like um execution in here All right, so this is what happened And we captured it And this actually is a really good indicator when you start to see this You know, you can probably write your own algo when you start to see this kind of behavior in here Look for price to go further to the upside Because they are accumulating in these areas and It's it's something to lean on look at this behavior Accumulating accumulating accumulating accumulating Where is price going nothing but up? Okay, so you you can note these types of things in these markets here And look for The continuation of the move here because they are accumulating all right Really really interesting stuff And we've we've seen this for years. In fact, we have a Uh a video that covers this exact phenomena on a on a pretty big scale It was pre-market and it was some someone that was just Relentlessly buying Uh, I mean you saw those dots go on for like half an hour or so Uh, and it continued to move price up but not that significantly It was actually a pivot point for a much much higher timeframe move So that kind of information can give you really good insight And when you notice that kind of player behavior Right now you have to be zoomed in for the sub-second levels for that or you know second levels basically Uh to look for that All right, so uh anyway, it's um One of the things bookmap can display very very well You can write your own algos to look for that kind of behavior if you do see it And then look for the continuation now Look look our look at our higher timeframe structure here This is where we're looking for price to go and take some off Okay, maybe it would come up into here into 50. Maybe it won't won't But this is a pretty good area Okay, we talked about the whole thing in here about this being a poor auction, etc And it's filling in. Hey, this is beautiful auction market theory stuff and unfolding today Uh, the whole thing's auction market theory. I mean like this in here It just it makes good sense Uh, your contrast is too high malik. Um, that's fine. I mean uh play play around with it You know, you've got a slider up here or you can click on this and open up Um, the um, oh that's for volume dots. I'm sorry You've got your slider up here for um black cutoff Okay, or you can click on it here and come to the heat map settings and play around with both of them Uh, look, I I know a lot of traders that they have a view like this and they're just zoomed out and They're looking for much higher timeframe moves Uh, and this is how they use the heat map Okay, so, uh Yeah, that's uh, it's up to you Right, you you you have the settings in here to do what you want Okay, yesterday when we went through the settings in uh trader map pro as well, uh, and um I saw some pretty good things in uh in naztac Okay, so I'm just I use just to be honest. I just use the um default setting in here I click restore and this is typically what I use They try to keep it simple for everybody. Uh, and they can see the same things I'm seeing well, I think uh Let's take a look again here and go go through it one more time But I think we could at this point Wrap it up. Uh, we saw some pretty good stuff in in here and uh, I'd rather keep it kind of tight instead of Look at a bunch of other stuff for the next 15 minutes. Uh, so, uh Yeah, we can kind of recap in here. Uh, we went through structure Uh started with structure Anybody looking at best bid and offer and starting to understand that structure and then understanding the volume within it Hey, that can give us insight and we're looking for the potential reversal in here Then we noted nope Nope, we saw the selling coming in. Uh, we're looking for the move or Yeah, we were looking for the move. We we didn't uh quite like, uh, the um This was kind of two parts in here one two Uh, and then we're looking for a pullback in here. Yeah, we were looking for it right in here. It was it was Somewhere right in here. Uh, yeah, that's right. Uh, and then, um We're looking for the move to the downside Okay, and uh, we got that continuation move to the downside and then down in here It was kind of an odd place we noted structurally off of the candlestick chart Uh, that uh, why is it gonna, you know, this is a little odd in here Uh, we look for a little bit further move to the downside Uh, nonetheless though, we cannot deny the order flow So on a small time frame, we're looking for the potential Move to the upside here, uh and to auction back into those areas that uh, we had discussed Where it was pretty thin in the auction and for the transactions Uh, it's it's filled it in now. Uh, and now we're seeing the selling starting to come back in a bit So, uh, anyway, we then looked at the the heat map as well to give us, um The insight here to back here, sorry To that liquidity, uh in that auction And starting to understand that they're getting filled on the way down Uh, and they down in this area especially, uh, and then looking for that kind of shift in the change in here Uh, and then the order book to support, uh on the bid Them to pull on the offer and looking for our aggressors to move back up into these areas okay, and uh Worked out pretty pretty nicely Um, and then we saw a really good example, uh of that accumulation at that sub-second level So thanks rob for uh your question on that. I hope I answered your question Uh, nicky, what's the yeah, let me show you that I I can show you where um That video that we're just talking about good morning jack jack So, uh, uh, just wanted to let you know I haven't haven't reached out to you yet, but we will have a Uh book map academy meeting tomorrow at market close all right, so, um Hope hope you can take partake in it um So go to bookmap.com go to the more button here go to the learning center Uh, then in here Uh, we kind of arrange these a little bit uh differently now, but go to order flow phenomena here Okay, uh, and then there's several videos in here and Where is it? It's accumulation this one No, I think it might be this one here. Let me let me let me double check it here. We'll just click on it Take a look. It's not this one It's a beautiful thing. It really is. Um I'll find it for you here large bind algo activities this one Yeah, so, uh, you can see it in here here. Let me just share the video. Um, uh because Or this link here, sorry So here you go In youtube and then also over here in uh nicky Why do you There you go Okay, so uh, yeah, watch this and you'll see how this is just accumulated accumulated go go back and and And uh, you know, you you've got the date and the time down here as well if you want to go back and and check it out uh, but this was uh pre market and even it's even better in pre market because uh, You know these algos and larger player activity Sticks out so much more. This is not this is on the best offer Look out. It's just blocked in with small transactions Hey, just one after another after another Hey, you can see it in here And um, the volume dots are small. Uh, just to to demo this in here Uh, these are the little red cell dots in here. So look at all that buying accumulation accumulation accumulation They just continue to accumulate accumulate and accumulate the entire time And look at all that All right, clearly Someone has a lot of money and and uh, an algal very simple algal All right All right guys. Well, let's wrap it up. Uh, look for our black friday sale I think it'll be out tomorrow um, and uh, if you guys are You know contemplating book map, uh, there will be some some deals to check out Okay, uh, slow down great stuff. Uh, let me take a look at your oh, you you you capture a real nice, uh Spring move excellent excellent Yeah, it looks great So guys you might want to come over to our discord channel as well um, and uh, also attend our uh, book map academy meeting um, and uh, trader reviews, uh coaching and and mentoring so Yeah, it's content like this. Well slow down as a coach um, so uh, he can take a look at some of your Uh content and then give you some feedback on it but he started off, uh with his, um Own analysis Built it up Uh turned it into something looking at something very specific and turn that into his own strategy here uh, and um Some beautiful stuff also some market pulse stuff in here. Uh, just just excellent a top top notch Yeah, you've got some beautiful things in here All right. All right. Thanks guys. Thanks for coming everybody. Uh, look for that black friday sale and also tomorrow market close will have the, um A book map academy meeting you can join that academy through that academy page. I showed you Uh, and uh, hope to see you there. Okay. Have a good day everybody. Bye. Bye