 How can you see what? Okay, good morning traders and welcome to the book map live trading webinar So this is Bruce at book map. We're doing live analysis here like every Monday Tuesday and Friday It's forward-looking. We read the current market and give insight to where we think price is going to move next It's all based on our educational course that you can find on our website We have Jay trader tomorrow. He will be trading live It's in demo mode. It's a he's a stock trader and then we have scuffle senior on Thursdays He is a futures trader Also trading in demo, but live And then we have Tom B in the afternoon after this webinar ends at 11 30 And he will go right into his live forward-looking analysis using volume profile and order flow in book map All right, so lots of pretty robust educational package that we offer and this is all free I Really encourage you to compare with others out there if they offer something of This kind of quality That is free. That is daily and it is forward-looking Anyway, let's go through some disclosures. This is important So, you know, you're getting involved with 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 loss And is not suitable for all investors past performance is not necessarily indicative of future results. All right So let's jump in here and immediately go into it the Market open here 930 you can see the move to the upside Looks like a nice short squeeze to me and then look at the sellers come right back in right so yesterday Let's just recap a little bit. What happened yesterday. I want to go over actually something that I Was looking at and I tweeted about and We're just go over The recap here so from yesterday we looked at the daily the week the hourly and then also the 15 minute chart here Okay, we had a a downward bias here on the daily We the the hour chart was really kind of all over the place. There's a lot of buying pressure coming in And some selling I mean you see the selling here Okay, buying here selling here Bouncing off of these levels buying coming back in selling coming back in really all over the place in here 15 minute chart yesterday. Well, it opened up down lower We very very choppy session here. Here's the the entire day basically well For the entire webinar and then it did we did get a retest back up here these lines We drew in before they got tested and The we had a downward bias though so just based on the Overall structure the hourly didn't help us too much the daily though. We're looking for a move lower Look where it tested. Okay, so our line again here at our 3840 level Was tested we were looking for that and that segues into the tweet. So let me go over that and Basically Yeah, so so basically like a you know choppy session And this was the the open here the move to the downside. We were still looking for a Move to the downside based on our overall higher time frame look So I started to see like we made a lower high in here in the structure I saw I started to see okay. We do have buyers here, but the overall control here is by sellers Okay, some buying that we noticed during the webinar that came in and And then some there's some more buying in here, but we see I see sellers down here I saw sellers again here is kind of covered by the triangle. I am looking for the drop I'm looking for the drop to first target at low of the day Second target the the higher time frame level are our 3840 level that we were looking at and talked about yesterday Okay, I got stopped out. I put my stop above the range here Thinking that okay Well, if they can if if price does go above here likely it will test back up to the top of this Of the open here, which is what it did. So I gave it a shot. I have my reasons for my stop I got stopped out. I noticed that the selling came back in and Then we're down to our pivot lines if you guys know We discussed many many times over These levels in here. There's a level in here. I started to see some sellers come in I'm looking for the sellers to push it through. Okay, they've gone up. They retest the top We didn't find we have a beautiful double top pattern up here. I Wasn't around at that point. I would have loved to have taken it around here And then taking some off down here and look for a runner but Anyway, I'm looking for the push through it immediately went against me I had oh or a bracketed order. So I moved my stop up here. Then I moved my targets down here I saw a lot of selling come in at this point. It's like, okay. Well, I'm gonna move my targets down as well And I want to see them trade through the 3850 and below And then I also had the target down here at the 3840. Okay, just like before Then this is the end of the session here and then we have the Beginning of the I held it over the Extended into the extended trading hours. Okay, I'm still looking for that test lower I saw quite a bit of selling coming in here. So I thought okay Well, if they're gonna start selling I was at the I was in front of my screen and the last moment here I was able to drop it down here thinking that well, why why get if I see the selling in here They're probably gonna shoot right for it Okay, so I put my my take profit both take profits are pretty close to this 3840 level And then got filled in the overnight. Now the overnight Any questions on this? Let me know. This is the same process that we went through yesterday And I wanted to show a stop-out as well as getting back in and then looking for the Overall direction to take place. All right, so Let me know if you have any questions and Then Let's see here, then we'll jump into the current market as well So hold on a minute Good morning Guido and Nicolo Alright and in discord no questions. Good morning Jimmy No, okay. All right, so we can move on. Well, let's take the same approach here Let's look at what's going on here in these charts. Okay. Well our our bias in here The the daily it came back down and tested into this level here And there were there were some buying tails in here So a little bit of a bounce as we can see today Or you know, it's a green candle or doji right now more or less And then the hourly chart boy, we're still not not getting much clarity out of this This little cluster here and then see the buying come in the pause and then the buying continued So we've retested that area and it just seems to be going back and forth in here 15-minute chart. Okay. Well some interesting choppy action here at the open I thought if it was going to continue yesterday into this 38 40 level that we'd get the continuation lower maybe into this level down here or here Where the buyers start to come in? And we didn't we instead we got the kind of short squeeze at the open and just more kind of chop here But the sellers have come right back in and we're right back down now again around this 38 40 level So it's kind of do or die here now The momentum, you know, or the order flow just on by reading the size And the there were the length of the candles in here We've tested down here a couple times We came down to it was even lower than that. It was it came down to about here 38 20 so it did test down here and it bounced so You can see that on I think One of these charts in here Was it was it the daily? Yeah, and the daily you can see it so anyway Here we are at 38 40 Okay, so again looking to see if sellers can push it through and retest back down into the 38 20 level and then 3800 the figure and there's We will have data this week. We have actually some really important data Regarding Good morning, Jeffrey Regarding inflation. So we have retail sales and we have CPI retail sales, I think is what on Friday and I think CPI is tomorrow. Is that right? and I think the market is kind of in wait-and-see mode on that but If there if we do see the momentum start to pick up on that sell side to be looking for the continuation So anyway, I just wanted to go over the Kind of bigger picture structure And then now we can apply that to what we see in the order flow here Okay, so some some pretty strong buying actually coming in right now Likely they're gonna test up to here. Okay 57 looking for it Looking for a follow-through right now up to about 57. This is where it just dropped from up here All right, so let's see if we can get these buyers to continue here. They just tore through this liquidity here Hey, and they're still buying Well bit of a pullback now Okay, all right. There's our pullback Now let's see them buy try to buy off of this here and let's see if we can get back up to 52 and then 57 another thing That We kind of noticed let me see that show that tweet again I think It's worthy here to cover is the Quite a bit at iceberg buying that we saw yesterday here at the open on the way down and then here Down at the close now. This is there is quite a bit. I mean, we're looking from zero to ten thousand here So that's a lot. So it's it's quite choppy. You know, we've got a lot of Hidden orders being filled. Nonetheless, you can see what happened in the overnight This was just leg one and then it went sideways and then leg two down into 38 20. Okay, so Let's jump into what's happening now The strong buying here it I thought we'd get back up here to 57 we didn't in fact we see sellers, you know Battling it back. It is on lower volume though right now. Okay. This is quite a bit of buying in here Some nice stop runs as well They went into this liquidity and through it. Okay, so we're still kind of looking for support on the buy side here Hey, this is a low volume pullback All right, so look at all the buying in here and look at the selling in here Okay, we can we can Use this this is a good trick here to put this within your chart range. Okay, use the zoom by drag tool Hover here left click hold and drag to current market We have this now within our viewable chart range and we can look at our CVP Okay, it's giving us a profile now of this action. So we can Assess it now. In fact, we can duplicate it and just right click insert a new column Right-click and again here and go to configure and I'll make it into a Delta chart. Okay. We also have I Don't have the in balance indicators up here. That is funny. Okay. Let me let me see. I think I can add them in here Hold on Yeah, here we go Okay All right, we can also look at the in balance indicators here because this is now within our chart range And it's making that calculation in here And take a look at the volume in balance. So so we see there's more buyers than sellers Okay, plus four percent. It's not a whole lot, but there are more buyers than sellers Okay, we can look at the delta in here and you can see quite a bit more buying in the delta Compared to the selling in here right, so This is and and uh is a low volume pullback Okay, we look for more buyers to come in On low volume pullbacks here. So this is it. It just went down again here. This is a good area for them to come in Let's see if we get our buyers come back up to the top of the range and then up to 52 liquidity here Okay, now that would be scenario one low volume pullback The the other scenario here would be them the sellers to come in and push it through our pivot point right here Okay, so if we see a lot of selling come in in here right around 45 or 44 Uh, then likely they're going to trade not only back down to 42 but 40 and lower Okay, so in fact it looks like they're going to do that Uh, it is a low volume pullback, but we're just not seeing the buyers come in Okay, so looking for sellers to try to push it through this here Uh, and uh and go lower And watching it closely here. They haven't done it yet There's action on the bid all the sudden And now we're starting to see some support here on the bid and we're starting to find our buyers Okay, that was a nice little head fake there And now we're back to the second or that primary scenario of low volume pullback and a move to 52 and 53 now Okay, this was that this was pretty tricky in here One one more push back down below our pivot And then uh, and then the we saw the order books start to light up and we start to see some buyers come in here Okay, we need to see them supported again here those buyers. They are They're there Okay. All right buyers. Let's see it move up to 50 52 53 We need to see them right here around 46 Because it's pretty clear sailing all the way up to 52 to 53 Come on buyers. Let's see it nudge in there Here they come And now want to see them kind of squeeze higher we want to we want to see a stop run here We want to see them move up into 50 to 53 Here more support in the book. Okay, that's good On the bid there's also some on the offer here Still more buyers than sellers. So still looking for the move higher The offer is becoming pretty aggressive here But I'm still looking for these buyers to take them on here pretty dark in the order book at the moment So it's all up to the aggressor here There there's a there's a Low with no selling another low with no selling Okay buyers right here right now. That's where we want to see them right here at 47 and a half and then the push higher Let's see it buyers Nothing There's some there we go All right, let's see them push it higher Still looking for them for the move higher Through that liquidity on up to 52 See how the order book Uh lit up here on the bid They traded into and through that the the order book lit up here looking for it to still go higher Looking for our 52 And then 53 There's 52 Okay, this is pretty strong buying. Okay, let's zoom out a little bit Okay, so now we got to get up to a previous swing first, which is right here At 53 there they are. Okay. Now we're looking for the move to our What we looked at earlier here We're looking for the move up to here 57 and a half or so And let's put our line in somewhere around here Okay Okay, any questions on this? Um, we had some really good questions yesterday about how to go through the process of Of reading this and putting these pieces together how to read the order flow We're starting from the top down our bigger picture And i'm i'm been doing things a little differently last day or two to um Go through the bigger picture that the irony Is that it's actually based on the smallest picture of all Uh, but uh, it I think it's just a little more comprehensible When we cover the higher time frame first Okay, so for example, uh, let's ask a question in here in this viewable chart range Who's in control? So what do you guys think and and tell me where did they take control? And where did they support it? All right discord guys you guys are going to answer first because you don't there's a few seconds that you have edge on On on the youtube guys Uh, 43 ish 44 ish. Yeah, I would say so definitely here. Look at that Tears tears through it A pretty steep pullback and then in here, it's like, okay, are they going to do it? Are the sellers going to take control and and even though it's a low volume pullback We've seen it a million times We've seen it a million times they'll do it And then hit into these lower areas Okay, so now it we we did get the buyers come in. That was kind of tricky. Uh, they came back in We got another pullback here And a bounce um, and then we're looking we saw the buyers start to come in here and we're looking for our move higher Okay, now we were still looking for that move higher. We just came up to the swing That was it now And in here sellers are our buyers are in control even in this move here But not anymore right So actually these buyers here Uh, can be a fuel for the move lower now Okay, because anyone that bought in here Uh, and is still holding it is they're going to be um Sellers down in these areas here Okay, so are the buyers still supporting it so far so good? I mean, we're still bouncing here off of our pivot line. Okay. Where are the buyers to control here? Okay, we can also look at this here in in terms of volume Uh, someone I think was asking in, um, youtube here um Yeah, the uh, yeah, good answer guys. Um 3844 perfect uh And then also at this kind of 40. Yeah, 48 ish area as well. Uh, Santiago. Yeah, I would agree Uh on a smaller time frame Uh, they're not they're really kind of on the verge of out of control though So we're kind of watching to see if we get some sellers in here Uh, and then we're going to push through our pivot line kind of like we already did kind of Push through it a little bit here Okay, so uh, uh, we have the potential here To uh to push through it. So we're going to watch uh closely and see if these And let me just mark it up here So we're looking at these buyers in here Uh, to be sellers and a stop a stop run probably Down into this area here Something like that Okay, also anyone that's buying and holding in any of these areas in here Are going to feel the pain. Okay, so let's watch this intently here looking for it. Um Not really nothing really set up right now, but just looking for huge sellers starting to come in looking for that offer to lower here Looking for this bid at 44 to maybe pull some of that liquidity. Here's our offer look at 49 come in Okay, it's kind of far away, but let's see the reaction Okay, do we get sellers? No, not really we're getting buyers Okay, so there's our there's our context Buyers seem to be kind of a kind of interested in in 49 Okay, now now it's going away from it. Okay, so we're still looking for sellers here Looking for them to pull here at 44 Okay, I think the sellers got it. Let's see them push now to 42 And 40 No one more one more One more bounce Boy, this is choppy. This is another head fake in here That's tricky. We were we got we were a little kind of duped in here And then they did it once more here And it's choppy You know Anyway, our structure, you know, it still looked pretty good. We they're making lower lows and lower highs in here And we saw sellers at the lows so we went with it Let's see if we get them again in here. Let's see the sellers come in now. This is where we want to see the sellers is basically basically here Around 46 Okay, and they're not we're getting buyers. All right, let's see. We do get some sellers in here again Just curious. Nope nothing Buyers on the squeeze Let's see if they let's see if they can reach back up to 52 now again These we talked about this yesterday in terms of like being a prime Kind of order flow reading or not And this is not a prime order flow reading We're not getting the kind of look here From the aggressors nor from the order book Good to see them on the bid here at this higher level at 47. That's good Okay, so but you know, we got some pretty dark areas in here and the aggressors just can just move it You know up to these areas back down to these areas and and just back and forth Yeah, I'm looking to see for these sellers to test these guys at 46 here or 47. There they go and they're pulling All right, so we've got that now. Let's see if they can continue and then we're looking for bottom of the range here 44 and a half Again, it's not prime setup here or or reading here because look at how dark it is in here All right now it's playing out, but still like, you know, we just didn't have a good kind of read on that Okay sellers coming in now now. It looks like they're ready to move it Okay, let's see if they can be careful in here still we got our sellers down here Uh, and now we're looking for the move Okay, pull back now pull back is is fine That's it's it kind of expected Okay now looking for them again here and let's see if they can follow through nope All right So anyway, we've got to see something quite quite a bit from the sellers in here Uh else is going to be another squeeze to the upside into 47 and a half Wow, look at that. Look at that here on the on the offer one large player with about 500 Contracts is kind of bullying the order book pushing price down They want to move it. Let's see. Does he taken on? Yeah. Yeah, he's taken on So I'm gonna trade it into him. So we we still even with this bully in here. Look at that bully moving it down like this Uh, he what he did trade looks like here. Yep right in here 430 Okay, so we're finding buyers still one thing we covered yesterday, which we can go through um is the Um When we don't have that prime setup we can look for these range bound trades What is this in here? This is a one larger player. Okay with quite a bit of liquidity 500 and see the little white line there That's showing that our large lot tracker. So probably about 500 and I don't know something Maybe 500 maybe a little bit more Is one individual actor just totally bullied the order book there This is like a spoof Okay, now is it a spoof? No It's not because he actually transacted right here Okay, so he you know, he's he stayed in the order book You know, we don't know, uh the intent here Because he did transact So maybe he's just trying to get out and he's afraid price is going to move away. So he wants to get out I don't know Hey, but we know he transacted Hey so And we know we found buyers down here that helped us Understand that we found buyers down here. Okay, and then we're we're talking about the maybe the possible short squeeze to the upside here Okay, and we're getting that and here are the stops Okay when When I ask questions that you look at my chart here, uh alec and uh Like I don't have it right in front of me. Um Yeah, I mean, uh, you know your your chart is probably, you know different than mine You probably got, you know, you're looking at specific setups, etc but You know, the reading here is is, you know, we do the same reading every day We're the same readings Okay, so look at look at this here now And this could be a potential range bound trade. Okay now This is not my, you know, kind of style here But we're just, you know, it's pretty dark underneath here Uh, we've come up to the top of this range here Uh, and then let's see if we can find some sellers and trade it back down to about here Okay, see where the buyers kind of came in retested and then went higher So I'd be looking for them to come back down and retest here All right, because see how dark it is in here. There's some there's a little bit of action here at 38 50 Not much, but um Let's see if we can get maybe a range bound trade not not seeing it whatsoever Instead we got we got a little bit of a Uh, the the bid lit up a bit and we found some buyers. Okay. Now this could fail though So let's see if we get a fail here on this. Let's zoom out a little bit too Boy Now I This is pretty good buying. I think we're gonna get up to our 57 here Maybe even higher Back up into here Yeah, this is pretty strong And see how the bid supports it Okay, we got to 57 not to 58 though But they're supporting it here And it's starting to transact Not seeing anything great in here right now at all Uh, they're on the offer here. They're on the bid here Okay, there's a skew on the bid. Let's see if we get if we do get some buyers up here around 56 We should get the move up into about 58 Yeah looking for buyers here There we go. All right buyers. Let's see you take it higher here. I think you got it At least uh, you know, we're just looking for a couple point move here Nope can't do it back into the range here Okay buyers, let's see it now. We should get our move 58 They they came down retested these guys will be the fuel here If we can get up here at 56 And then we should see a nice little squeeze or you know short pop here stops popped up into 58 Uh, maybe 60 Now the offer is showing some size there around 56 and a half and a little lower Hey, we've got a lot of selling in here. Are they going to take control? Maybe Or are we going to see buyers come in right? Yeah, we're going to see buyers come in now and look for the squeeze back up To maybe 56 and then 58 Now still more sellers Still looking for it though. Let's see it. Let's see it buyers. Let's see the squeeze now You got it. You've got all of these guys on the hook here. You're above it. You just need to buy That's it. This is the rectangle here That's the the fuel here Uh, they're letting them take control though like there was no buyers up here So looking for sellers down here Now and then looking for the follow-through lower Uh, it's going to be a choppy day again Oh, we'll get some clarity with some of the data that I think this week tomorrow and uh That should that should kick things off Hey back down here Looking for the sellers again and follow through they're starting to pull on the on the bid Just need to find more sellers here Can't do it Buyers coming in Back up to the range Small tight range right now only a few points wide Okay, let's see these guys pull or do they get they get filled some of it got filled in there All right, that's a nice. That's a nice trap right there. Let's see if we can get buyers again in here now Yeah, looking for them. I'll I think this is where we're looking for them to break it and then back up to 56 here We want them we want to see them trap These guys Okay, and so you you'll see a pullbacks come to here And that's it Now see see how the the sellers are going to be they're in control See how they're in control here now. We should get the drop then on the sell side And looking for the move down to 45 and then now 42 41. Here's why Here's the trap here the buyers. Here's a lack of buyers more sellers. We put this line in here At 51 in a quarter This is where we need to see the Buyers support it So that They just can't take it lower here Then these guys remain trapped Okay, well this this allows the sellers to take total control here. In fact, these guys are trapped Okay, now we should get some stop runs to the downside. We have one here already looking for another one Okay, same concept our buyer is going to bounce off of that All right, let's see. Let's see if we get sellers here Right now if we do Yeah, it looks good. All right Looking for these sellers here to try to take this lower now Okay, looking for 48 And then the break down to 42 45 and 42 It's not a prime setup or uh reading here again That that would be the kind of direction we're looking for here Okay, boy, it's a it's a battle still looking for these sellers though. I mean, they're letting these they're not remaining trapped You know, so the sellers are still in it Here we go. Here's our push now we should We should get the break. I I want to see more on the offer here This is this is looking better though as a read and for the move lower Okay, more of a prime setup here. I still don't like that. It's really dark here though I want to see them really kind of close and shut that off L spires can whip it right back up into these areas here very very quickly Right, so we want to kind of stay away from from that kind of risk But overall it's looking better now because we're down here and we're and we are finding the sellers No, get the opposite this the squeeze back on right so I mean you can see this kind of jockeying in here to get one side off off sides or you know Get some players off sides and then push it against them Okay, and then they they start the move So in this case, it's all that selling in here. Finally. Finally, they're trapped Okay, look look at the pullback here to here This is not coming back here Right, we're gonna we're gonna see this squeeze continue Uh likely to 58 and then 60 here Yeah, 60 looks pretty good Okay, let's see it then. Let's see if we get our squeeze and stop run Guys, it's really all over the place here. I mean, we're trying to read, you know, uh Current market here and it just it keeps on shifting and changing And we can look at the bigger picture Bigger picture sellers remain in control below of the pivot here at 50 57 here And they're still in control Right some some buying a lot of buying now coming back in and pushing it back up into these levels Okay, well one thing we could do And we we covered this yesterday is look for going with the bigger trend then Okay, when when will those sellers start to come in when will they start to push it back down? And look for our move back down into 42 and 40 here Okay, well, uh, let's let's take a look here Okay Yeah, our pivot line would be here. Let's just get rid of all these And redraw boy, we have something here. We also have something here Boy, it's really messy in here. Um, and we also have something around here Yeah, I'll go with it though. If we yeah, here we go. All right sellers are coming in Uh now now. Yeah looking for it. Let's get down to 48 Now this is in line with the bigger picture So, you know, we don't have the order book here, uh really on our side yet again But looking for the aggressors to move it and within the bigger trend here Okay, so, you know, this is this this is where I would have gotten in somewhere around here at 50 our pivot line here Buyers above sellers below it Okay, we're down at 48 Probably take some uh some off right there Half, uh, and then try to let this run Okay, in this case, this is what I would do likely, um is take some off here And then I would move my stop to overall break even on this Because I'm looking for the runner, uh, and then yes, just just take the stop at break even Here we go. Okay. So here here's this is equal to that. This is where I would have gotten in This is where my stop loss would be would be up here Okay, so I'd still be in it and this this would be overall, right? So if I get stopped out up here, uh, then, um I made nothing or you know, I broke even basically maybe made a tick to cover costs Okay, because I'm trying to give it some space to run and it's not looking good Okay, I'm going with the bigger trend Okay from here on down Okay, we made a lower high in here. We see quite a bit of selling in here. We have some reasons We need to get through this really important. We get through this 50 line right here Okay, would I still be in it? Yep, I still would be in it some something like that It's not looking good though Okay, this is looking better. Let's see if we get sellers here now See exhaustion there looking for sellers here and then push through our line again our pivot line here Here's our sellers. Okay. Good Would I add to this to the sell side? No I don't see enough selling in here to do that. I'll stick with the current position But this is another place to add here. I just don't see the selling in here to justify that If that makes sense now these are not trade recommendations. These are just you know, uh Looking at order flow reading the order flow and then looking at a potential um way to Uh, you know understand how to Practical uses of reading the order flow Okay, so going through just one example here Hey, there are many different ways to do it Okay, so I'd still be in it bear. I just hung on by the skin of my teeth here Uh, and that would still be in at one leg Okay came back down. This is where I took partial and uh, we're back down and kind of bouncing around again here Okay, any any questions on that? Okay, now this here and what we're covering here It's based off of this move And then sellers to get bound decked down below it here And that is the same as This Here Whoops not that. Um, sorry hold on This oh, yeah, here we go. That is the same as this. Let's open this on their new tab Uh, same as this here, right? Here's the move up. Our pivot line is right in here. I see the sellers Uh starting to hit it. So I'm looking for leg one bit of a pause leg two Now it went against me immediately and then it fell through All right, but that's the concept here and this is the same idea Of what we're looking at here. This is where they took it up. This is where they're going to push it through It really choppy in here though They you know came back up again and that's a lot of buying in here But look at how choppy it is sellers come right back and we're back down here again Now one of the the things to consider on something like this Is we're going with the bigger picture Okay, so here We're going with the bigger picture here Okay buyers in control sellers Take take that control away and start to trade it below these guys Okay, so what now looking for leg one All of this chop and then follow through down into 42 Okay, and then I would reconsider at that point Okay, so let's just mark up my So we know You know just this is a very general here And looks like you know looks like it's not going to work out Yet again You can see this 3850 look look at how that's turned into the pivot right? Sellers below it buyers above it sellers below it bounce here Buyers trying to get back above it and looking pretty good looks like they got it So likely this will this will hit our uh The kind of overall stop here and it doesn't Not yet sellers back down below it. All right sellers, then let's see it right here 49 and three quarters Nothing Okay, so it was worth a shot Try to stay with it Stopped out at break even Hey, just not a trade recommendation just some things to look at here and and consider for You know, you're trading like how you might want to bounce some of these ideas around different concepts We'll go over another one And you know start to understand looking at bigger picture than looking at order flow Putting the pieces together All right, let me get back to some of these questions in here. I see a long list Thanks pro killer So helping out woodland Here in discord. Yeah guys if if you know, there's not a whole lot of space here in discord We you know, we would continue in discord, but there's only 50 in here But you can listen to to to me in discord here and then watch in youtube Just note that there's going to be like about a two or three second delay Probably about a three second delay All right um, I do not have urex rhythmic urex, but they do offer it Rummy's Okay, look at the dachs or the f f dachs or the fes sx boy, this is really really kind of a really jumbled session Like yesterday Well, I talked to tom as well and it was just it was just choppy all day, right? Anyway, just you know looking to go with kind of the bigger picture and go with like Same same thing we did yesterday looking at the bigger picture and going with that trend Okay, or that potential And so let's take a look here All right, was it look like god it looks pretty pretty horrible Um, so, uh, yeah, I mean it still has a negative slant to it here on the 15 Um, not really on the hourly hourly is a tough read Uh, it's kind of all over the place the uh the daly's better On the daily chart. I wouldn't be surprised. This is going to be a really key level this kind of What we just tested on the overnight here right around this kind of 38 25 area or so Uh, if they're if we can see sellers below that look out, we're going to come back down to here 37 44 So that'd be like a hundred point move right there so, you know Just kind of waiting and watching here And buyers continue to squeeze and let me get to youtube here Lots of questions in here. So that's good um, nick in terms of looking at who's in control it's like Take take a look at it. It's pretty simple. Um, you know, take a look at this this consolidation period over here, for example right here And then look who moved it away with size Okay, it has we're looking for two things the movement away in terms of points and then also the Size of the volume that's moving it away Okay, it's going to move it away to a new kind of value area. That's how you get these profiles That's how you get ranges and breakouts and breakdowns And then pull backs to it and then continuations, etc This is where sellers took control of it in this in this small time frame Okay, so look for that We look for the same things in any of them in here, uh, and um This is really choppy in here. This is clean And this move lower Okay, but in here like we're trying to put some structure on it and it's a little more little more challenging I mean still doing it. Um, and and we'll always do it See, I just don't like this. I look I like you know, the buyers up here But look how it's dark again sellers will whip it right back down to the bottom of the range 52 Or 52 and three quarters All right, and then you'll see it kind of bounce back up So there's your range bound trades uh, and uh So I hope that answers your question nick, um And you know, we'll I'll go into this the Very very small time frame Uh in in the microstructure and what we can talk about that. Okay, uh, and uh, how You can you know apply the same concepts here No question about it Okay, see see how we we had a kind of exhaustion here and look at the buyers come right back in Back to the middle of the range or kind of that's not a good example And they're actually moving it. Um This is this is the range down here and this is the buyers moving it away from here And so just looking for it to come up to here It did and we had even more buyers in here Okay, well, they should be able to come up to here. They did and they pulled in here They didn't pull up here at 57 Okay, and uh, and we didn't trade up here really either. They finally actually did pull here at 57. Sorry and um And back and forth in here and then see see the sellers move it away from this area here Okay back down to here And then and then buyers moved it right back up to where it dropped from here And I'm I know it sounds like I'm making it up but watch okay here here Here okay now, let's see sellers. Okay, so now can sellers bring it back down to here Let's see the bid looks pretty good in here. So you see how they're kind of bouncing off the bid Okay, so what? Back up to the top of the range dark in here By sellers can take it right back down here. All right buyers at the top of the range And then now the sellers Okay, let's see the sellers take it to here 53 and three quarters Maybe maybe back down to 53 and one quarter here See them pull Okay, so there's our move So it turns into another consolidation area in here. Yeah, not seeing much All right, let's see. Let's see if we can get buyers to try to move it right back to 53 here at this point There they go A little bit more Maybe 54. All right, so let me we'll go through this exercise again, but This concept here we're applying to also here Okay from the daily on down Yeah, the two CVPs one is showing delta and the other one is showing I wanted to show delta here and the other one is showing a composite of buying and selling This is buying minus sell Okay, it gives I really like the delta what it what it can show here So it can see is like you can see this whole kind of range up in here like buyers in control And we can see a squeeze here like a long squeeze Like they're long in here, but watch them watch them have to cover here. So look for sellers here Right, this is we're getting it from the this column here looking for our sellers here and watch the squeeze Looking then for 47 uh down here. Here come the sellers now looking for them to pull it away here More not just down to here to 50. I want to see them pull it away Okay, they got a lot of buyers up here on the hook Hey, we got to get down to 47 and a half bottom of this range here And our pivot line at 50 here has just been bashed around this whole session Stop execution and icebergs. Um, yeah, we're looking at stops and icebergs here in the sub chart God, this is so choppy No one wants to take a direction here just Hit the other side pull back hit the other side There's a 20 second delay. Uh, Nikolo, it shouldn't be. Um Okay, thanks, Brian Some help there about the blurriness How is it fuel and some of these areas in here because uh, uh, basically You know, we you get sellers down in these areas looking to drive it a certain way and then they they're on the hook Uh, you'll see the move quickly away from that area and then you should see the stop run like in here For example, and you do you see it actually quite a bit, you know, they really start to get stopped out in here Um, and you should you should see another one in here Because uh, you know, we're looking for these sellers should drive it lower here going with the bigger picture Buyers came right back in top of the range again um, so uh, uh, you know, just think about it, um in an in an area of consolidation back and forth Uh, then we can zoom in again here, uh and look at the microstructure Okay, so, uh, you know, look in these areas in here, uh, and then watch How one will get upended uh, and um And then watch the market pull away from those those areas Okay, so right now it's just consolidating Okay, we don't really have any insight right now That's why we're looking for absorption and exhaustion in these markets To give us a kind of a clue So you see buyers up here buyers Watch this okay, so either the buyers are going to take control and trade up to 58 Okay, which they may do this is pretty small timeframe Or watch this if we get a lack of buyers up here right here And you see sellers back down here Then all of these guys that bought up here are trapped and watch the move back down to here And below maybe 54 Okay, so here or here All right, see how dark it is in here sellers have a clear path This would be a trap And then looking for sellers to drive it now and then we're looking for a stop run to verify that Okay, a little bit not much still looking for more. So, you know, they didn't hit that many stops So can sellers like Hit it even further here and not yet Yeah, so we only got down to this one here and just a little bit shy of it And yet again buyers This is actually why we look at lower lows and lower highs or higher lows and higher highs Because you can still see if someone's still in it or not. We were looking for a stop run down here We we didn't really get it. It's the opposite. We're getting the stop run here Right. So all of these sellers in here are the ones that actually got upended Okay, and others all the sellers in this whole range in here Okay, now if this is a huge stop run here It's not really new buying coming in Okay, so then let's see if we get sellers and move it right back down to here 60 and maybe uh 58 Let's look at our structure here because we were looking at this earlier This structure here Again guys, this is nothing really like um nothing really standing out here We're just kind of going through the the order flow reading But nothing really standing out in terms of like higher or prime type of Order flow reading. All right, let's let's take a look at this again Answer your question. Um Who is it niccolo? Okay. Well more buyers. I mean they're see how see how they're not And they remain in control. They're it they will be out of control here down here the buyers Okay, and you'll see it happen early on it'll be in a smaller consolidation period to begin with and likely maybe this one here So look for sellers here. Okay, if that's the case, right? So, uh, they're they're pretty firmly in control right now So there's 66 Wow, big iceberg Uh, not that big a couple hundred Okay, a couple hundred into 66 Not many stops All right. So here we are down bottom of this range in here Okay, so now let's see And we want to see the sellers move it away here quickly and down to here Okay, should get it Still looking for it And hit it sellers there we go and I'm looking for them to take it lower actually Um, so let's see if they can Uh, I'd love to see it get down into maybe just down to here 61 Ish Okay, does that make sense? Uh, let's see is it? I think it was uh Niccolo Uh, what do I make chauncey of the uh orders that chased at 1106 and in 30 seconds. Let's take a look Okay, Guido you have to go Um, Jill used two times speed on the wheel to keep up as live as possible. Okay Yeah, let's take a look at that. It looks like I'm kind of caught up over here Uh, we're not we don't give out last king. We're not giving out signals or anything This is all about reading order flow. This is about education And then once you understand how to read order flow you you're you're in In the driver's seat basically and you can apply it to any strategy you want you want to look at volume profile You want to look at candles what doesn't matter? Uh, once you understand the order flow in here it it it is complete Um, it gives you a lot of freedom basically Okay, so here's our move into 61 Okay, I would imagine we're probably going to get some some buyers here and try to move it back to about here Maybe 61 and three quarters Just to pull back maybe 61 But uh, no, we're still finding sellers. They're still dropping it 58 and through And through all right, so then let's see if you can get it down lower into 55 This is a brutal move. Um, you know, it climbed all the way back up into this little cluster up here and We were just looking for the move back down into here Previously and that was it Okay, and then we're seeing more here And they're back down into these areas here And yeah, still look for buyers to maybe move it right back up into here 60 Okay, just a just to pull back here retest this area See if there are any more buyers in here Uh, if we don't get that and we get our sellers in here This is no different than that other setup uh from yesterday Looking for sellers to just move it away from here really quickly Okay back down to 54 down to 50 Right, here's our pivot right around here at 57 This structure top of this range And looking for sellers one of the scenarios is to look for sellers to just drive it away Okay, we had a beautiful stop run in here Yeah, I like this. I like this back down to the 50 level here Uh, let's see 11 6 and 3 quarters. Let's take a look at that Uh, yeah, this guy Right. Yeah, good one So, you know 500 contracts or so chasing Just totally chasing here. Um And it looks like they got filled This guy just he looks like he's basically kind of screwed Uh, and uh, you know wants to get out of the market So it's chasing up after after uh price It You know, we can look at this in terms of a spoof, but it's not I mean I mean they're they're they want to get filled And they did The spoof doesn't want to get filled. They want to like use their leverage in order book size um to Influence price to get it to move a certain direction, but they don't want to take the risk So they'll pull that liquidity. They won't get filled That's a good one though Yeah, from down here all the way on up And let's see to win to the market 11 0 6 Now the market still went higher After after this guy gets out. It's like likely. Okay. Well, now we can kind of reverse that back down Yeah, pretty poor market. Um And again, like, you know, look Like prime prime scenario here, um, we're not getting too much last couple days But that's fine. Just as long as we realize it's not prime It's it and and therefore like, yeah, we'll we'll still make the call But just say it's it's not you know, it may do it but it it You know, it may not the reading is not as good. It's not as strong. It doesn't have all the pieces Uh, therefore, you know, the aggressors can take it one way or another very quickly like right now You know, we should see it come up into 60 But like look at how it's dark in here get some sellers in here and trade it right back down to 55 and Or 56 and then maybe 55 Right. It's up. It's up to the aggressor in here. We don't know if they're going to do that or not Right. Well, what we do know is when we have like something in the order book And we know the reaction to that order book size is it repels the, you know, let's say it's on the offer here And they're at a lower level and it repels price. We find sellers. Well, then we have much better clue Or insight that we're going to test the bottom of the ranges Okay, and then maybe even break that range And in here, we're just not we're not getting that And we're just getting this back and forth, which is fine. Uh, we can look at range bound strategies as well. It's, um, it's not my forte But you know when we don't have something the market isn't giving us that insight There's more of a likelihood it's going to you know trade back into the range I just don't like being at the kind of uh You know the mercy of these aggressors in here They'll just move it up move it right back down move it back down, etc And very quickly see look look at how that, you know, there's not a whole lot of liquidity in here Move it down to 56 pretty quickly Here here's here's a reaction to 58 and buyers Okay, let's see if this is a false breakout. Let's take a look And let's take a look in here. Let's go through this process. Here's our range If I can draw this up quickly enough, here's our range. Here's our break of the range, right? We're looking for it to come down to 58 now No, they they bring it right back up and we find more buyers. So it's actually the opposite to move up into 61 62 Yeah, so We we bounced off we came back down to here the bottom of this range not the liquidity We came back down to the bottom of this range and then the buyers came in here We got the we had more buyers in here Uh, and they started to pull in here, right? So that's when we're looking for it. It's a quick move I know, uh, but you know it that's what's unfolding here and we'll look at it again in here Okay, so still buyers Okay, starting to go into a range Okay lack of lack of sellers on now a little bit Okay buyers We're still kind of in this range bigger range here Okay, moving outside now moving back in now, let's see the sellers take it to the bottom of this down back down to 61 and a half here uh, and um, uh, maybe maybe lower maybe down into 60 here at this point Okay, bid is still pretty strong though. I want to see these guys pull and I want to see the offer light up Okay, there it goes a little bit now. Do we get sellers? Yes Okay, so back down to here 61 and a half There we go Okay, now now can the sellers move it away from here? Doesn't look very good looking better Still pretty dark in here. I don't want to see that careful here Still dark in here don't like it Okay, so there's our are still they're still in control in this small move here So then they got to move it now 60 There we go beauty And now we'll reassess it again Look guys, I know it's not much of a move, but you know, we got to do something here Um, there's not a whole lot going on Well, we can zoom out go through the bigger picture and then maybe uh start to Summarize here Yeah Yesterday, um, maybe it wasn't quite as volatile, but just as choppy it seemed Boy, I don't know. I'm not seeing too much. Um, yeah, this is this was the open in the in the move higher Uh, and uh, and then so far today, um I like I really like seeing this the sellers below here That's where I thought we'd get back down into these lower levels But we're You know, we see the buying off of it and we're back up into some of these upper levels again A european close is happening right now. So we might get some nice volatility here All right, let's see if the sellers can come back down into this little range here And then drop it Let's see it No Looking for it looking for these sellers to pick it up here at this bottom edge down to 62 and a half down to 61 In a quarter Now they're pulling here. So that's good Looking for our sellers Sellers here we go. Let's see them move it down down the bottom of the range again See how dark it is and watch them just fill it in here Because they can Okay, it's it's ripe for them to do that again Not instead instead the buy the bid is starting to light up yet again. Um, yeah. Yeah, I mean uh, dr Moomoo. Yeah, there's a there's a bunch of randomness in here, but um, you know, we look for these kinds of order flow and balances to give us some insight And looking for something more kind of, you know, to hang our hat on something that gives us a better reading in here When we have kind of all the pieces aligned And the last couple of days it's been a struggle to get that And you know, and we we recognize it Uh, and still still looking for a move this way or that way. It's just not as strong That's all Yeah, so let's let's zoom out here. Let's take a look at this bigger picture We're making new highs again here. Um, it's think this thing just continues to squeeze Well, I don't like it at all. Um I'm not even sure like yeah, I'd be looking at this little area here 67 And a half and then maybe this area up in here 72 73 or 74 somewhere around there Uh, the this cluster is the best reading that we have but we're above it already So then we go to the next one Uh, or we go to high liquidity or we go to the figure Uh, a number Uh, this isn't bad right here Right in here and the and the drop right the sellers come in This one's better Right in here Yeah, boy. This is not not a good Not much of a read up here either Yeah, I just go with that one 71 and a quarter or so I think we're Getting there. All right. Anyway guys, so let's let's take a look at this bigger picture The bigger picture is kind of a mess in here. Um I'm still wondering if we're going to get back up to the top here. Um Or is this going to be turn into like just one big move back and forth Uh In here back down to the lows of like 42 or so And then bounce around in here I'd love to see the scenario here the same idea same concept. Um With sellers down below our 47 50 Line right there or 50 basically but 47 50 looks better. Maybe even this looks a little bit better 45 There's high liquidity there on the bit already Okay, but if we see sellers back down here then the scenario looks good Okay, so it would be it would be this here We'd be looking for big red dots below this area here Right right around there Then we're looking for the move and we're looking for it back down to here And then maybe even further. All right. So anyway, that's that Let's take a look at our bigger picture And what's going on in here and Yeah, not not much It's just it still has a slant to the downside as you can see in the structure Our chart is a tough read the the daily in here is also not the greatest right now It's just kind of testing back up into yesterday's action Maybe maybe we'll we'll get a gap fill today If we see buyers back up at this top edge here at 38 80 And then we look for the move back up into 30 3900 and fill the gap Right, so you can see that we've accepted for a couple days now down below here So far right, so Yeah, it's this this all of this kind of mess in here still has a downward structure to it Okay, so Considerations are yeah, we'll start to look at your structure in here Uh, where there are sellers before in the wicks or you know, trend lines or ranges or whatever Um, uh, and then look at book map Okay, so we're getting back up there again And this is where we found sellers on that 15 minute in this little range here between 48 to 75 or 48 I'm sorry. No 70 to 75 Okay, so I would assume there's still sellers up here Okay, and so this is uh, look looking for then Exhaustion Uh, stop run exhaustion Uh, the the offer to start to to chase underneath and looking for aggressors to move it away from some of these areas in here And then that would go with the bigger trend All right, and then we'll come back and reassess here Yeah, anthony, I thought we'd retest the lows earlier. Um Right in here, I thought we'd do it Uh, you can see the pivot line here at 50 Right, and then it just really bashed around there a lot this entire session So that's uh That's the reading here, uh, and uh Yep, nothing nothing, uh, you know to really kind of Give us more insight at the moment Let's see these sellers move it right back down to here 63 And then maybe we get the break here We have some selling down here Hey buying back up here, but if it fails it's back down in the middle of the range Looking for sellers Looking for sellers There they are. Okay sellers drop it into 62 and a half and let's see if these guys pull And then we get a better move here. Okay, so how would you get involved in that? Well, first off, is it a high quality read? Not really, uh, but uh, just because it's dark in here We're looking for sellers to move it back down to here And then the concept would be like if you got in here basically, uh, because You know, we see the selling coming and we're looking for them to then take it through here Deck down to the bottom of the range and take some partial profit because it's look at how dark it is again here All right, so buyers can whip it right back up to here very easily to 65 Okay, so take some out of the market We might get the bigger move, but how many times have we not today and yesterday? There's our move Okay, so partial profit taken and looking for the bigger move here now the european close is taking place We might get a real nice move now at this point All right, and this is in line with the bigger picture here All right, so I'll leave you guys with that. We'll see how this plays out And see if we can get back down into 55 or maybe 50 here. Okay based on this read up here And looking for follow through now Uh, we also have something else more on our side here and that is the european closes take is taking place All right, so and we're going with the bigger trend here All right, so there it is let's leave it at that and uh guys it's selling looking pretty good So let's see if we can get our continuation here And and manage it correctly again. It's not a trade recommendation, right? It would just we're going with the bigger trend We're just looking for the read to be back down into these areas here Based on the order flow reading here. Okay now then apply that to your your trading strategy And does that does this order flow read meet your strategy and your trade management? Uh, some considerations for you All right guys. Yeah, thanks for coming everybody We will catch up with you tomorrow For a little bit. We'll review a little bit and then we have jay trader and stocks for tomorrow's uh Session okay, and then uh thursday will be scoppelsini. Thanks for coming everybody. Take care