 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and This is that we do this a Live analysis forward-looking analysis three days week Monday Tuesday Friday, and then we have live trading Wednesday and Thursday So let me explain a little bit for those that are new in here. We've had a lot of new traders come in recently so and I see a lot of Familiar faces in here as well. Well, so welcome. Good morning Doug. Good morning Alan Alan, I hope I hope you're grabbing those moves Alan's been attending the Basics webinar the one that precedes this one at 9 30 a.m. And we always see some or typically see some really good moves in there. Good morning James and and some very nice momentum moves up into areas of high liquidity and Yeah, there's a good morning mark And just I think there's such easy reads a little bit trickier today, but some easy reads we'll go through it in a second What I'm getting at here. Let me just take a step back. This is our education It's the advanced education with your global plus subscription and we have an educational course We have these live analysis webinars. It's forward-looking not hindsight And the idea is you can apply what you learned from the course And we'll go through some, you know setups and trade management, etc But book map is a platform. We're not a setup, you know, we're not a specific way of managing a trade That's why we we have these live analysis webinars So you can apply and learn order flow and then we have the live trading so you can apply all of the other elements From different traders like J trader and Scott Pulsini On Wednesdays and Thursdays. All right, so that'll complete the education for you So let's go through some risk disclosures and get into it here 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 it's not suitable for all investors pass performance is not necessarily indicative of future results All right, so let's jump in here and see what's going on. Here was the move earlier Once we had this kind of breakout here is looking for Well, we're looking for it actually even even previously from that previous previous webinar Was that what we see the initial move to the upside right into high liquidity here Here and then up in here just in front of this 575 area and then we sell off really quickly, but Look at the structure. Okay, the market structure here created by best bid and offer Is still bullish and let me be for new newer traders in here. This is what we mean by market structure Okay Again, we can just start to outline it here Structure We have a few different structures here. Here's one here. There's one here and there's actually one here However, you know in general, it's just one bigger structure. You know more or less We see a breakout. Okay. We see a bounce off of this kind of structure here And it broke out again And we have a huge sell-off, but it did not even come down below the swing low here. This is bullish And then we see buyers are going to come in we're going to probably see buyers around this area here We certainly saw a lot of buyers. I think it was either here or here And they really picked up in here. That's when we're looking for the breakout So even from this area here, we're still bullish here until we see sellers below that area Right and then we're looking for the breakout and then you can start to even get you know into structure again on the smaller time frames Okay, you can see all sorts of things in here a little little structure in here But that one here another one here another one here Okay, back and forth breakout back and forth breakout all right, so That's understanding market structure that is created by best bid and offer going back and forth All right, so now what we're looking at here is starting to understand the context of volume and the limit buy and sell orders within the market structure, so The volume here we put the volume dots on And we're looking for buyers to break out from these areas here And we certainly get it here and we get nice little pullbacks to where it broke out from and it continued And we got a pullback again yet again here this time the pullback was deeper quite a bit deeper And it came to the little point of control of this range in here and you can see it right here Right look how we bounced off of the point of control and we continued higher And once we start to see that buying coming back in we're looking for it to break This is looking great that it was going to break out from here and it just did okay Not only here, but also again here now. Let's look at the way it broke out here Okay, not not so great. I mean not as great as these areas it's still bullish, you know, don't get me wrong but the breakout is The volume in here is not as high as in here This is why I was saying earlier these moves are easier to read Because we know the order flow within the moves here is more it starts to get more complex It's always right around this time in the webinars. It starts to get more complex right and That's just how it is. Like this is after the first like, you know, 40 minutes of Trading so we're gonna look at lots of other things yesterday. We looked at a ton of stuff in the webinar In fact, I want to cover that Let me put the heat mat back on here. Okay, to find out where those buyers and sellers are I Want to cover this here because yesterday I've been you know over the years that's been made a fool of By reading the order flow yesterday member. If you guys were present we talked about it The moves down into high liquidity all the way down Okay, and we're still looking for the move to go lower yesterday and we we really saw some nice We're looking for a reversal kind of early on and we caught one But it failed it didn't follow through. Hey, but we would we would have we talked about the trade management and Taking profits along the way and then that failed and then we started to look at other markets and other confluences Like correlated markets Once we started to look at those we're looking for the move lower And we got those nice moves lower We didn't really get any like clean setups Yesterday might have been a couple earlier on But they were there were more like just drops in the market. It wasn't like a clean setup of like You know, we're gonna sell here and You know due to the the imbalance in the order book and the volume and maybe a pullback or something It just really quite do that. It was more like, okay, we think it's gonna go down here We're not getting a clean setup, but we're looking for the order flow to go this direction And I mentioned it as a kind of leap of faith a few times and You know, that's fine as long as you guys understand, you know, and know What the order flow phenomena is and become Rather intimate with it then you can apply that Within a trading strategy and trade management strategy to understand it All right, so you you know, I Wanted to mention this because I failed to I mentioned the leap of faith and we didn't get a clean setup yesterday several times however, I Didn't mention though that due to the correlations we have those added confluences So maybe you don't need a beautiful order flow set up If you have these confluences in there, that's something to consider and look into All right, because these confluences are very very powerful or correlated markets And that's enough to justify no no question about it. That's enough to justify a trading decision Right and you and you would have you know done very nicely. I think Yesterday All right, so now let's take a look at the higher time frame in here. I want to go through that Looking at the daily here. This is what we're talking about this candle yesterday and this big move down and and You know looking at when it might reach kind of an ADR or you know an average daily range Or you know range here that is kind of similar to these other cell moves and Due to and I I'm sorry, we'd have to go back and look at the webinar, but like I'm I am sure That that Maybe I can find it. I don't know. Maybe you guys remember the the line I drew up where they started selling I'm sorry where they started buying with limit buy orders Look for a move a strong move here They back up into these levels up here and we're already seeing a strong move and I'm looking for it to continue There's no reason to think any differently yet We know we know that they were buying all the way down. Is there still a ton of selling in here? No Not today. So we're looking for it to move up into these other areas So for example here kind of where it broke from this kind of range here Looking for this is around 669. Okay, so let's go with 700, you know up in this area here Heck we could move all the way back up into these levels here look for your volume profiles look for high volume No, it's probably somewhere around here 731 Maybe 750 Etc. We just know that there was a lot of buying on the way down here And if there's not a selling in here, this can float up easily Very very easily Right, that's what we're looking for here today In the order flow. This is higher timeframe analysis not Don't worry about the candlestick charts here What I mean by higher timeframe analysis is in the order flow Okay, because we had yesterday's activity and we're understanding that in context to today's activity and order flow. Oh Excellent spiata slough. So I said it was around the 14 5 5560 area Really? That's where it began They that's where they the sellers to hit into and they started the limit by order started around that area because we're way above Well, it was a major level. Okay. Yeah, and we're above that already Right, so yeah, there you go. There's our move In fact, it makes really good sense. Thank you very much a spiata slough. I look at it right here and Look at the sellers here. This is this is hot that this is exactly that level that we outlined According to spiata slough. I I'm sorry. I don't mean to put you into question I just don't have the data in front of me or the information in front of me But you know, we kind of marked it up, right and you even see two levels of liquidity in here and it filled Okay, and it sold off immediately, but we got above it here That what that means here is what we covered yesterday. If that's where they started to Buy think about it. All of those guys are in profit All of them every single one that that bought on the way down are in profit now and There's no reason for them to get out So we could float all the way back up into the 700 levels. No problem Okay. Now. Do we find a lot of selling yet? No Do we see a lot of selling on the offer? Yeah, I mean they're getting filled in these little areas here It's likely them peeling out of some of their positions But we're still seeing more buying pressure here so far All right, this is getting a little interesting here now like okay higher time frame. We're still bullish, right for today But we just made a lower high here And a lower low Kind of equal low here. So it we're watching this here. We might get a pretty steep pullback here Maybe back to 600 level here Or maybe, you know, 610 to begin with here somewhere around here All right, so look for it. We'll look for some liquidity in those levels. We see 590 starting to come in here Right and again, like this is going to be like on a higher time frame, you know, we've been covering these pivot levels for a long long time These are pivot levels here from yesterday on a higher time frame Okay, and we're above it So we might get a retest all the way back down here and bounce off of these levels here as well So we'll look for it. Now. We're going to read the order flow on a smaller time frame though and look for some direction here Okay, so we just traded into and we did make a higher high here or Yeah, slightly higher high it looks like Okay, and some good buying. So yeah, let's we're still bullish here. There's no reason yet to be bearish Okay, so looking for this to continue to float up All right, here we go. Let's see. Let's see if we get some sellers that to trade back down into those levels. We just talked about Okay, but we're still looking for this to float up. Okay, so six 605 maybe 600 that point of control is down here or High volume nodes down here. I just just where they broke out from here Yeah, Mark, that's that's what we were talking about yesterday a confluence of the correlated markets So we let's here. Let's just go through it for example right now Let's take a look at the ES. Well, the ES is looking even more bullish than the NQ. Okay, so we're still bullish here what about the Same thing here with the Russell. So we're still here bullish and Q Okay, looking for the move up into this liquidity up here above just above 630 5 636 or so All right, so let's see it. Let's see it buyers. Let's see you move through this area back up into The swing high and then through it up into 636 it looks like Here come the bulls nice buy Dot there green dot And let's see the follow through Yeah, we might get a quick we might it might get a little bit of a range bound here back to 610 liquidity here But still looking for the move higher Let's take a look over at The we looked at some correlated markets looks look also at the Q's Okay, so we're going to look at a very highly correlated market here Looking for this 359 area up here. That's way up here. You know looking for it You know, look, there's no reason to get out of this yet buyers are coming in Buyers are coming in on the Nasdaq e-mini Looking for the move higher Okay higher liquidity coming in down below here I I imagine these guys are going to pull but let's let's see here They were in here earlier. Uh now they're in here again in a little bit higher, but Let's see. Let's see what the bid looks like and we should get these green dots and and it should float right up into these guys up here And I'll explain what I mean by floating up into these areas here But I'm also looking for the bid to light up here a little bit more All right, let's see the move here. We should get it 6 30 6 32 6 35 There we go now. Did they pull? Yeah, they did see how they kind of pulled here not all of it, but most of it pulled Okay The last second All right now we're going to get these kind of shakeout moves in here if if Our scenario here is a higher time frame And then we're going to go through some details on that scenario only right now for just right now Hey, we're going to see if we get a shift in a change in the order flow that But we're going to stick with it because it's still in play here from yesterday So we're going to get these kinds of shakeout moves just like this here after these breakouts Okay, so, you know, don't be surprised by this and You know, here comes one of them right now. So looking for it back down into maybe I don't think we're going to retrace back down to this Probably probably this is about it right here And looking for buyers to come try to come back in here Okay, interesting went down below this swing here. All right now looking for buyers to trade into and through 6 15 Back up to 6 20 And then back up into our 6 36 Let's see if we can get it here. Look at the bid starting to light up 600 602 605 We might we might get one more move back down. I I mean As it is right now on this move. Yeah, I'd be looking for the actually the move lower here into this liquidity first So I thought we would probably get to about here and then not not trade to this swing here at all Just about here And then and then move back up Okay, so they traded into 6 15 Now, they're still here at 605 And now buyers can take this float float this back up higher now. What do I mean by float back up? Is this Due to yesterday and you'll see this on fridays on big moves on fridays or thursdays After a big move to the downside and then it reverses and then just continues to grind All day long the opposite direction So we saw this last friday in fact and we called it out And This is what I mean. This is this it is doing it now. Okay, so here's our move back up into these higher areas Okay, and I'm looking for the breakout as well into 6 35 And through it Okay, there's 6 35 now. I'm still looking for it to go through Here's what I mean The larger players they don't even have to reload on the bid They're already positioned from yesterday Okay, we saw it so You know understanding the liquidity on the higher time frame is giving us a lot of insight here And we're we're covering something a little different today talking about, you know, these higher time frame moves I I don't have yesterday's liquidity to take a look at it Um, yeah, maybe maybe I I can I can do it. Um, let's actually uh I can add I think quite a bit here Now this is I'm adding here Some, uh Backfill data is not as accurate and it certainly does not have market buy order data within it Okay, so we're going to take a look and see if we can look at yesterday's uh action So we're going to wait wait for it to download here But anyway, uh, a lot of times I'm actually kind of surprised to see them on the bid in some of these areas here because the the way the order flow works typically, um On uh These kinds of days when we're looking for just to continue to grind higher is there's no activity on the bid very little Uh, it's usually pretty dark over here Very very little liquidity and uh, it just keeps on floating up because and are there a lot of buyers? there's just not a lot of sellers uh, and Everyone's positioned already long previously from yesterday So it's easier for it to just a little bit of buying can move that market and let it grind higher for the rest of the day Okay, until they find some real sellers and those kinds of moves can be tricky, um to to um to trade Uh, that's why understanding that the the much higher timeframe. This is where you get the benefit So for example, you know, this is what happens it floats up into this high liquidity at 635 or 636 And then it just didn't have enough, you know enough buying here to keep floating up higher yet But it traded into these guys So we're still looking for now and you'll find these quick jabs lower just kind of like this here um Yeah, like this one here to the downside, right? and You know and and this is some selling here is and and uh, well, we don't see many stops either. Uh, it's kind of that's kind of curious, but Anyway, um, yeah, it's so it's it's able to move quickly down here and then it just kind of Gets right back into the groove here and and goes with the trend Okay, and again looking for a little bit of a bump here breakout here, but this to grind higher I'm not looking for it to go shooting right back up here To 650. Okay. Now what we talked about we talked about 700. Um And there's liquidity up here, so it's actually a little bit above 700 So anyway, any questions on this kind of grind higher and and and price being able to float back up Because just a little bit of buying is able to move this market higher Because the buyers are already they're still in it, right? It's when this and when those buyers need to start selling heavy That's when we'll see this reverse And let me know if this makes sense here. This is we usually don't cover this kind of material in here because we're talking we're looking at all sorts of um smaller timeframe order flow events that we'll extrapolate into you know, uh a higher timeframe move, but um or all sorts of moves Trying to go through as many as vents as possible here. We're going on only through really one event Honestly continuation from yesterday Not a continuation move. It was a an order flow event multiple order flow events from yesterday and then looking for the move back up Okay, and and we can even take a look here. Let's see if I got my data in here Okay, so here here we go. Here's our big move yesterday, right? We can float all the way back up to here All the way back up to here. No no problem here and this one here. I maybe 700 is a little too lofty of an idea Um, but I'd be looking for it to trade back up into here where the sellers came in here And in here Hey, we might even be able to break out back up into here and that that's uh This is where the sellers came in So that's what we're looking for and then let's take a look here now I won't be able to see as much detail in the order flow here from yesterday But just the big events Filled in here. Okay. This is another one to take a look at I think we're already through it, right? right here right here and then Sviatoslav was mentioning the kind of five fifty five sixty area. Yeah, absolutely And also a little bit below it five 525 in here Yeah, this is a big one. This is a big event right here And also here a huge event 500 no no question Look at all of that. I mean they're on the bid. They're getting filled. They're getting filled Getting filled getting filled down in here So, you know, we we avoided this one did not they did not get filled in here I think we did later No, never it never. Oh, yeah, this is this was kind of interesting and it kind of hark harkens back to Dugs qqqs and trading into these levels Where it was down on the bid. I forget what the the price was Heck, maybe I can get it here as well And it never traded to it. I mean it was like a magnet to it, but it never went into it And when we found buyers starting to come in Mark, what am I mean here when I'm Assessing that is more buying than selling Yeah, one one type of bubble over another. Um, well, basically We haven't found heavy heavy selling So we're going with um Yeah, I wouldn't I mean I wouldn't even look at cvd Um, I mean cvds can be climbing all day long. That's what it's going to be doing Uh on these types of moves You know, I mean you don't look need to look at cvd to understand this In fact, you actually it's kind of funny to see it flatlining here but um Yeah, see, I mean traded up to the our level here We just we just marked this up and I didn't even know where current price was And we're just marking it up here and here it is right at this 637. That's why we're kind of bouncing here So what I mean is in an auction here On these big moves to the downside And someone else is there's buyers here buyers here buyers here lots of buying. I mean huge buying And they're still in it Right now this move to the upside here It just continues to just float back up until it finds those major sellers And it doesn't take a whole lot of buying to do that actually That's why they're called low volume pullbacks There's just not a lot of selling the sellers have not kind of engaged into it And that's how you get these grinding moves All right Well, one one thing there is a caveat here to take a look at and that is like where at what point You know, you can even take a look at it here and and and look at it like Let's just go back and take a look at it here. Okay and do some analysis on this Actually the majority of them Yeah, I would I would be right in line with what Sviatoslav said and maybe a little bit higher here. Maybe maybe this this level here Um, let's just go with that all the way down here, right and it went lower too didn't it Yeah, this is where All those buyers were On the way down Okay, so let's now zoom out They are all in profit here now. We even gave them benefit of a doubt here it's actually It's really more the heavy the heavy selling or heavy buying really started in around here Okay, a little bit a little bit lower here Okay, they're in profit and and they're not shaken out yet They have not sold yet They are controlling all of these lots, you know, all these contracts down here Okay, this is a little different than we talk about Usually we talk about the aggressors Moving and then in control and and they certainly are Hey, but it it's You know a little bit of buying can continue to move this up higher up into these areas here Uh, and you're just not finding enough sellers The sellers will have the little kind of little ray of sunshine To be able to move it back down in these areas stop people out But then it really dries up and you'll start to see the buyers trickle in again and move back up and move back higher It's kind of like a vacuum in a in essence In fact, we can look at the same phenomena here on much much lower time frames Even look at the crypto market for something like that Yeah, I mean even even like the the selling move Let's see here. Let me try to find a good example And this is why we say that these these markets are fractal and these order flow phenomena on these kind of micro levels And micro structural levels Matter or it in understanding it you can apply it to these higher time frames and let's do exactly that So yeah, looking for sellers to trade into these areas here Okay, there we go. Boom down lower Okay, maybe down into 600 and or you know, this liquidity down here This is where they kind of took control And then and it floated back up to here um And this would be this is the retest. This is kind of the same thing we're talking about here exactly You know, this is where the sellers came in and and then like they stopped selling And buyers come in and and it kind of can move back up here on on very little volume Okay, so this is a phenomena here that we're talking about on a much much smaller scale And look at the selling look at the sell dots Uh, trade down to an area look at the buyers come in and then look at the buying in here Now the buying starts to pick up in here, which looks pretty good Uh, however Look at the look at the volume bars here. These are delta bars massive selling look at the buying Compared to that selling this is a low volume pullback to where it dropped from We're looking for the same thing to unfold here Okay, massive selling into into and getting you know getting filled into these limit buy orders all the way down A massive selling even at the close here Okay, now the the buying here actually does look pretty good um But compare this buying to over here. There's still quite a bit more selling right We can look at the daily chart here too Look at look here look at the selling here on this daily chart Look at the buying And this is like a low volume pullback Anyway, once you start to understand some of these concepts Uh, you can apply trading strategies around them and that's what that's what these webinars are all about And we're just really covering it on a much much higher time frame here, right and here here we go Yeah, so sellers have their little day in the sun Okay, moved it down and we're floating right back up And buyers will continue to grind this higher looking for them to trade into this liquidity now up here 640 645 maybe 650 Okay, just stay in the position get in get into the position and stay in it And let it let it work here Right. There's trade management is really easy on days like this Now I would recommend to take some partial profit along the way here though Especially now and the way to do it is like we already marked up these levels here Right. We already know this like a 37 level is it was important because that was where a lot of Market selling took place into limit buy orders. So take some partial profit there Now mat manage your stop and let this just run And run the rest of the day here Okay, anyway, it's it's a strategy here based on higher time frame order flow And the same phenomena here is dictated. We're looking for exactly this kind of run here Okay in this example Okay, we would say now we they didn't really get filled on the on the bid on the way down here at all Right. They just they just dropped it Um, let's suppose they got filled on the way in the bid on the way down So it would look something like this here. They got filled. They got filled They got filled. They got filled. They got filled Okay, and we know the overall average position is probably somewhere around here Right and they're they're already above it um, and we're just looking for this to kind of float back up into Structure and where the selling initiated. So somewhere around in these areas up here Right. That's what we're looking for. So uh now along the way Okay, you can start to look for maybe profit taking for example here Or like here Okay, and then just You know one or just just a little bit and then manage it manage your stops. So you so you're at break even or or uh or better Uh, and uh, and then let this continue to work for you Okay, until you get up into some of these more Uh important levels here All right Makes sense Okay, uh mark. So you want to look at icebergs? Uh and some kind of weird, um Phenomena happening there inversely. Yeah, no problem. We'll take a look Uh james, is there a tutorial on this uh on higher timeframes? um James like Not really. Um, however Actually every day many times over so this kind of phenomena right here On this very small time frame Is what i'm talking about that it it's fractal it happens on these higher timeframes as well So you'll see it again and again All right guys. So so where where where are we right now? We trade we're looking for that liquidity around 40 640 645 maybe 650 to trade it already did and we're above it Okay, so like I said, these are really really simple trades to manage But take some partial profit because you're going to get these really steep pullbacks Uh quickly, but then it's just going to float right back up into these areas again All right, okay, so alan, I hope you're just cleaning up again Okay, very very this is really easy trading and the end is so, you know, just think about it Think of all the other people who don't understand the order flow And you're just getting annihilated they keep saying well, it's I gotta go short I gotta go short like it's the markets down Right, they don't understand that people are getting we're we're larger players. We're buying all the way down yesterday Yeah, soon you'll be my co-host um I just I I want to see you just uh, I want to see these I'm going to see a million dollar check cash alan. That's what I want to see So, uh, james anyway. I know that that didn't really kind of you know Answer your question about higher time frame analysis type stuff Uh, however, this is it. I mean, we go through this all the time. It's the same thing all the time again and again and again All right, understanding this this here is just one small example. I mean, we could make another example I mean, there's just so many of them um In here, you know one after another We can even zoom into like levels like this and start to understand them You know looking at seconds or even milliseconds we can look at these areas in here It's the same thing Yeah, yeah exactly markets are fractal Yeah, okay, Todd. Yeah, if I if I give you a million dollar check then you can cash it now. I want to see it like, uh, was it was it um, uh Who's the actor the comedian, uh Canadian oh god, I can't why can't I I'm blanking on his name That um jim carry. There you go. Yeah, thank you. Uh I believe, uh the story is like, uh, maybe you guys can verify it but He for years carried around in his wall at a million dollar check Oh, it's 10 million dollars Wow And he post-dated it too. Okay, there you go. Well, alan knows the whole story uh, and um And then he he just that was his goal Uh, and yeah, he certainly cashed it Many times over So alan Now I'm looking for it from you. All right. So let me see. I'm getting a little bit behind on the questions. Um Hold on a minute. Oh, we got plenty of time here today. Like we're just looking for this to continue to ride Oh, yeah, stop runs. That's right. Okay. Uh, let's take a look here. Um Um Yeah, all right, or not stop runs. I mean look at people are getting stopped out all the way up here Icebergs on the way down, right? So yeah, exactly. So they're getting filled. They're getting filled. They're getting filled in here likely, uh, you know, I don't know. Um I'm not sure uh, what to say here. I mean the the beauty of these icebergs is this is just fact Right, we know they're getting filled in here Maybe they're just getting annihilated. Some of these, um, other traders are getting annihilated in here I would think that it would be profit taking at these areas here, which would make good sense to me Because they were in, you know, on the way down yesterday. So they're taking profit on the way back up Okay, and these are their icebergs in here and that's that's what I would say Uh, jame mark Now, you know, I I don't know I can't link their accounts. Um, but uh, they're not position In here it's more like profit taking is what it looks like to me Okay, and again look at 43 50. This can be a big area here Now we didn't we didn't do our analysis on the yes yesterday. It was actually, um I think it was less bearish than the nq If I recall so, yeah, uh Anyway, that's the way I would look at it here And and we're following along with them to be honest. We were just talking about taking profits in some of these areas, but letting the rest ride Now, you know, something more aggressive would a little bit of a leap of faith, but like, uh, You'd be looking I mean you can look for an entry in some of these, you know get back in And then ride it again And you know what you'd be looking for here Uh is well the structure to start to be tested uh and uh and break And then also these levels here Pullbacks to these levels here like this area here would be a great area for a pullback because this is where it broke out from Okay, we didn't get it. It came down pretty close to it, but we didn't get it, right? Uh, so your limit by order down here would never get filled and then they they already came in and were pretty aggressive underneath here And we see the reaction Okay, so um Yeah, anyway, you know, you'd be looking for There's just many different ways to look at splicing into this here on micro trends It's it's really up to you Uh, you can look at the order flow this way Uh, you can look at it. Um back up above this area here Okay, these we cover these things all the time Okay, so anywhere in here you could you could be getting in Uh, if you're really aggressive and we we are sometimes You you'd be looking for quick move down Lack of uh selling in here buyers start to come in boom Right in here now. I would get in probably a little bit higher probably here And that that's kind of a little leap of faith here But you've you've got a few things on your side first off. You got some structure Uh, you got the buyers coming in you have the lack the exhaustion here You have huge orders right underneath it supporting it and the and you any found buyers Right, so they're going to push it through here Uh, you've got a lot of reasons for this for these buyers to be able to push through and trade up into Nexla areas of liquidity and um Yeah, just shy of it and then we know that it uh Well, they they got filled here And that now we're looking for the move higher Right again, we get a lot of insight from these guys too It's this this guy here actually wanted to get filled and he didn't and then he chased it and he got filled here all right, so again, you know Look we look for some of these areas here for after you maybe take some profit and you're in really good profit because It's you've been following it moving it on the way up and moving your stops You can consider getting really aggressive and splicing into these uh trades in some of these areas And this is not actually the most aggressive way of splicing to it Uh, you know the limit the limit buys in some of these areas would be more aggressive in my opinion, but It's up to you You know, you'd be looking at some of these little areas here and that would have been a perfect limit buy right in here I I just not comfortable with it. I like to look for more confirmation in the trade and and get involved in up into these areas here so anyway All right, and then again take some profit up here probably traded to it to it now, right? Just just trading into it right now Yeah, and we don't know how we know there's a lot of liquidity up here. That's for sure Okay, we're probably going to find Oh interesting now. They're starting to buy on the icebergs Okay, they're flipping Anyway, let's jump back to this nasdaq and see what's going on here Uh, jai jai. Is that how you say it? Is that how I pronounce it? Yes, okay The structure order flow structure. Yeah, I mean, um All right, we'll take a bit of a breather and then and then Continue on I mean we've I mean basically we got really easy trading here today So we can cover lots of different stuff As we're looking for this to just continue to to to go higher um Order flow structure is really simple What's market structure the order flow within it is what we want to cover but um, Let's take the volume dots off the heat map off Okay, this is just best bid and offer All right, and we're looking at now. This is a very simple concept to understand Uh in market structure Is areas of breakout and then directional move and then you know, um Consolidation and then breakout and directional move So you can see it in in many times over in this chart here here breakout pullback Oops here breakout deep pullback here This was actually in the smaller time frame. This is a false breakout And it came back down and traded into this previous range, but it did not go below it Okay, so And then you can see even smaller areas like this is another little sideways consolidation another one here Another one here and it broke out looking for it to trade back up at least into where it broke from down here And it went on above it you can even see the pullback to where it broke out from and continuation Okay, now what we want to understand is within these areas of consolidation We want to look for um We want to look for the order flow Let's just go with this one right here and this is what we mean by understanding in that structure here now there's multiple structures even within here. It's all fractal like we were saying Uh, but uh within this structure here. It's not a really good structure to to demo, but uh, we're looking for the volume within it Okay, where's where's the volume transacting within that structure? And I don't know if I want to demo this one here Yeah, let's let's look for a better one because because it broke the structure and then it came back up into it so, um A little more complex Yeah, I mean this is kind of an ascending wedge here We can take a look at that All right, so here structure breakdown And then break out Okay, now look at the volume within it here in this one And the volume within it like you know some selling comes in selling but buyers retests no no real Uh insight here at this point buyers come in here. This is looking pretty good And they moved it away quickly. Hey, I actually right in through here I'd be made looking for this pullback and then a move right back up here like this Instead it went back and forth for a while again, and then it broke out Okay, but usually after a quick move like this you get a small retracement and then the move continues to test the top of the range here Okay, and instead it didn't it it actually did it here and it failed Right and it came back down retested where it just broke out from Many times Then we started to see buyers curl into it here and here they come again Now we're looking for the breakout up to the top of the range minimum Right and on on these kinds of moves we talk about these we're looking for this move to unfold and then maybe take a partial profit up here Instead, you know, you can see this the volume in here pressure was really great Or you know, and it was able to move up into the top of this range And we can even zoom out and you can see how this range here Consolidation and then break out again on high buy volume Okay, so now we're understanding two elements within These areas of consolidation and these breakouts And this is typical and we'll repeat again and again and again. This is just how it happens And this is what's required in order for price to go higher All right, now we understand volume within the context of the structure But now we're still not looking at the full picture here and this is really a problem that You know footprint traders market profile volume profile traders candlestick traders. They don't have the full picture This is where you know bookmap lends a very nice edge What about the auction? Where are they bidding? Where are they asking? We don't know Right, we don't have that information here. You can get it from the current order book But that's only the current order book. So what's the context for the historical? Okay, here it is now we have it because we have the heat map And yeah, they're starting to bid up in these areas here. This is exactly what we look for They're bidding up in here And they're starting to pull we're finding buyers in here And now it was kind of a narrow range in here, you know bidding and offering here And we still didn't have much insight here. We're starting to look at okay here We start to get the insight Okay, right in here. This is exactly what we cover many times over And this is where the heat map can help you so much They're pulling here We're finding buyers here. Well, even before that they start bidding up in here. They bid up in here as well Okay, but a little bit more here They bid up more here here now Now we're finding buyers now. They're pulling here So we're looking for the move up into this area. Maybe this area here minimum Just minimum And I can see I'm coming in here. Okay, so maybe maybe we can move up to there too In this area of liquidity Because that's where the sellers are. They're pulling from here. They're up here instead They're you know, I would be looking for actually the first one to come up to about here And they're pulling right and we're finding more buyers great still looking for the move All right, so there you go. There's your context and understanding. There's one Example here and we'll go through we go through it all the time Jai Jai so Yeah, continue to look for it. All right guys, so we're getting up into these levels here. You're welcome Jai Jai Yeah, yeah understanding understanding order flow. I mean, you know once you can start to piece these things together like You know, the reads are pretty pretty simple It's it's just not complex stuff All right, let's zoom out here. We're at another level here around this 688 I remember 688 yesterday and we're kind of stalling a little bit So let's zoom out. Let's take a look again Right. We're still looking for it to go higher, right? But this is why we're looking at 688 right here Okay, so yeah, it's actually at these kinds of levels here. I I certainly like to take my profits No question about it Um now let's just read it though And you know, do we have any reason for taking those profits besides that that big area up there? Not yet really. I mean, uh, uh, they're still like pulling here a little bit Not finding enough buyers in here Here we go. All right. So there were there's our buyers and we should be able to reach 700 Now if we don't and we start to find sellers come in here and hit the bid pretty hard Yeah, you know, that's where you might consider taking some powerful profit They don't give all this back because we're up at some key levels now Right where the sellers initiated they may initiate re-initiate again Right. Why? Why because this is a low volume pullback in this bigger move Hey, have you're selling over here? So, you know, these are ways to consider your trade management And here they come, right? So uh, now let's see if they can Are they going to continue or not? Like is it good? Is that just a quick move a stop run and and and then looking for You know float float backup can continue up into 700 707 or 706 Okay, if we get some exhaustion here on that buy side And more sellers a little bit lower here than likely we're going to go back down 685 No, it's just not going to do it like we're getting buyers up here instead, right? So yeah, continue to grind higher 700 And what about our 707 area? Yeah, okay, there's 700 Okay, now actually this is getting really interesting. We might see some really nice huge stop runs up here God, it's been a huge stop run the whole way Uh poor poor retail traders Just getting annihilated It's it's really sad to see Uh, but you know, we know better. I mean we we you know, that's why you know, we're always looking for an edge So we're not those poor retail traders Yeah, they started buying in here Icebergs, it was actually kind of what mark was showing as well We saw some selling on that s and p some selling in here and they really started to buy up above In here a little bit of a spike in here here So some buying in here And then just a little bit of everything in here for a while. That was the big move though in these two little areas in here So some buying in here and some buying in here On the bid Hi guys, there's our 707 level. I mean just some beautiful moves here Up into these higher levels of liquidity just just beautiful moves Yeah, I'm getting a little antsy now. I mean about this whole move here Because we're up in these levels here. So now it's time now the easy trainings kind kind of done In my opinion Now now we need to pay more attention because this is where the order flow events from yesterday initiated Now we could get back up here too, you know, I mean so far I'm I'm you know getting ready here to like pay more attention for sure So looking for some profit taking looking for Some new selling to come in here Hey looking for liquidity on the bid in certain areas to start to transact Instead of this kind of easy grinding floating move here Okay, now I'm not saying it's over yet. It it might continue But but being aware looking for these things to maybe start to unfold Maybe because we're up at certain levels now Let's let's take a take a quick look back Okay, and take a look at our our candlestick chart here our daily, you know Look at this nice nice easy move on the way back up You guys probably have your high volume node probably in here somewhere. I imagine um Is that about right? You guys tell me 727 or so 725 Oh, you take a look at this chart Our 10,000 contract chart Yeah, we're right up to where it dropped Yesterday Yeah, I mean we can come up into like 717 and 730 somewhere around there Look at the back and forth in here too You know, it's up. It's down. It's up. It's down. It's trying to figure it out here But I mean you get you these are new sellers, you know Trying to initiate and thinking they're getting a deal here And they're getting this is what this is them capitulating Yeah, so if it's moving down, so you got us off this is these are You know sell icebergs so they're you know on the bid getting filled I'm sorry on the offer getting filled most likely It could be on the bid But anyway, they're sell That for sure All right, this is going to be interesting move. Let's see if we can get enough buyers here Hey, are we going to get new selling coming in here? Hey, new selling coming in here will dramatically change things It'll it'll start moving down in these lower levels of liquidity pretty quickly But now that floating kind of like looking for just to grind higher here Might start to shift. That's what we're looking for here now Or paying attention to you. It looks to continue here. Let's see Back up into 710 Or back into 710 Yep, still still continuing here 710 is even pulling All right guys anyway, I think we covered a lot of nice stuff today Let's let's wrap it up. We'll call it a day and Yep talked a lot about higher time frame stuff and also fractal markets and ways of considering managing these trades getting involved letting it run the supply and the demand on on these higher time frames and and that we Are combining with the webinar that we saw from yesterday on the way up Correlated markets as well Also, I'm just curious about these cues. Okay, so here's something to look at here. And now I know Doug is looking at this And you guys should consider it as well. Look at the look at the liquidity up here in the in the cues at five I'm sorry 359 It has not transacted yet, but it's been in the book here For a long time since the cash open So, you know, look for some some, you know, and we're paying attention to these levels up here Right in the in the nasdaq e-mini and now we have another Confluence here With the correlated markets from the qq cues Start to look at your Russell. Okay, Russell starting to sell off some too now as you can see Hey, what about the es? Yes still looks pretty good here So maybe just some back and forth now for a bit. I don't have the bonds Alan so We'll have to Remind remind me if you want to look at them. We can look at them. Maybe tomorrow Before j trader gets on I don't know about the bonds correlation. I didn't see If it broke or not, I don't know I don't have it up Yeah, the inverse correlation. All right guys. Well, yeah, thanks for coming and we will catch up with you tomorrow We have j trader. He comes in a little later around You know 10 15 10 20. Okay, we'll see you then. All right. Take care. Bye. Bye