 Okay, good morning traders and welcome to the book map live trading webinar. This is Bruce at book map And we'll do live analysis. We do this every Monday Tuesday and Friday at 10 a.m Live trading will be tomorrow with Jay trader at 10 a.m. East Coast time and then Thursday with Scott Pulsini a trader At at 10 a.m. As well futures trader so our whole education in a nutshell here We have an educational course then we go through it in the live analysis Every day or three days a week here, and then we also have different traders go through how they trade And this will complete your education here really trying to cover all of the bases here Let's go through the disclosures, and we're going to jump right into the SNPE many Our stocks or crypto whatever it is that you guys want to look at So general disclosure all book map limited materials information and presentations are for educational purposes only it should not be considered Specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a substantial risk of loss It is not suitable for all investors past performance is not necessarily indicative of future results Know what you're getting involved in here. This is for education only All right. Well, let's take a look at these wild markets and see what's going on We had some Retail sales data this morning. We have a you know, we had the CPI last Friday. That's why we had this precipitous drop and The drop continued and then here we are today With a drop down to 3750 just tagged it at the cash open and then it We have a little double bottom off of it and a bounce right back up And we talked about this in yesterday's action like how we can see I need to be really careful managing some of these Some of these trade ideas in here Because the the moves are huge The pullbacks are also just as big or not quite just as big, but they can be brutal So, you know taking profits in some of your specific areas after gaining a lot Is something to look into and consider all right and not give back and feel the pain of giving back When these markets retrace so so violently So let's take a look here. We'll jump in in the bigger picture and take a look at the 15 minute here hold on a minute. Let me just get this up 15 minute chart here on the right the For the cash session only the hour chart here on the in the middle For the cash session and then we have the daily chart here on the left All right, and then mark up some zones in here So we're gonna have to kind of zoom out a little bit more. I think on the on the daily maybe look at it a weekly And I have that up here as we can take a look at that I'll have to jump over to investing comm And we can take a look at it here if you like so the the weekly and just starting to try to understand where some of these levels are because they're way back here back in February 20th, you know Kind of late February of 2021 This is when we were at these levels before so we're coming back down and testing into some of these levels here So take a look at some of these areas in here. Here's our week already. So here's last week Here's the current week right here. We're already we've already moved quite a bit So we can continue moving looking for maybe retesting some of these lows in this area here and we're just trying to get a bigger picture of Where we might be going in these markets And why? Now we want to take a look also maybe your volume profile trader. I don't know if you have your profile I imagine we're probably at the point of control somewhere right in here We can also see this week from February or this was March beginning of March The retest here and then the rejection out of that area and then it led to a bull market for Several weeks as you guys can see To all-time highs again and again and again So anyway You'll have to kind of look at your your bigger picture analysis of what it is You're looking at if you're looking at a profile if you're looking at the swings I'm kind of curious on the profile. I don't have that data, but looking at the swings here as well So we have a swing low here around 3721 and then down here around 3670 or something like that Which looks like a pretty interesting little level. I like it quite a bit or interesting big level Maybe we'll come down and visit those areas So we're just getting kind of a feel for what's going on in some of these moves in here And where the price might go and where we might look for a potential bounce out of those areas We have a lot of data this week. We have we just had our retail sales. We have tomorrow We have FOMC. It is a big one. There's projections. There's the press release. There's the number There's the statement and some multi-release and it is a complex complex release just the statement alone you have to read through it and Understand it. I mean the number is going to be the the knee-jerk reaction immediately But the statement is going to be really important as well. The projections are going to be everything's going to be important always is and Then in terms of news. Well, it's kind of back to the same old thing here We're looking at this inflation data As well as some of the geopolitical stuff that's going out going on out there All right, so pretty heavy week like I said and just trying to get a feel for what's going on So here's here. We are on the daily chart and you can see today We're kind of bouncing back and forth a little bit on the daily at least And on the hourly chart you can see the kind of wick down here and the move back up into the middle of the range Clearly with a downward slant to it on this hourly here and then also in the 15 minute You can see you can even see just a beautiful trend. You can you know draw on a beautiful trend line right here And it's still holding that trend so anyway, yeah, so we're bearish until we see something different but That's kind of the bigger picture So let's jump back in the book map and see what's going on and what's going on now in today's action Well, you can see from about six o'clock onwards to about just after ten here This has been very choppy in very sideways Okay, we have the data here at 830. You can see the move to the upside And then it chopped around in here and then you see the move to the downside All right and Sellers coming in coming right back in here right now so let's take a look at some of the market structure in here and And then we're going to look at the You know the details in the order flow And I want to cover market structure a little bit differently today instead of kind of zooming out and and Taking a look at it. I want to I'm going to zoom into the micro structure And we're going to define the micro structure and we're going to apply that to the bigger picture here And so it's going to be kind of the opposite direction and a lot of traders that kind of throws them for a loop Understanding or trying to understand or piece together How fractal these markets are and what do I mean by fractal? That on the small very small time frame. It is the same as on the much higher time frame Okay, so what? Yeah, let's let's start right there And and see what's See where we're where we might be going here. We'll when we'll mark up the structure here So I'm going to go through it rather quickly and I want to also show you where you can find more information about it It is our edge. It's our bookmap education. Okay, so on our YouTube page scroll down You can see the crypto webinar series we had last week if you guys want to review that You see the live streaming recordings in here And then scroll down a little bit further. You can see the educational course here a bonus under bonus materials Click on view full playlist here Okay, this is all free and now this was I think back in 2018 when we did this however You know, this is it's evergreen content It'll always work. So it's just order flow and it's very kind of basic order flow But don't be fooled by that. Okay, so for example here we're looking at intro to the basic market mechanics and What moves the market? And and this is really essential to understand And this is where we're going to start today And we're going to try to go through it quickly and just understand things like this. What makes price move? Okay on the most binary level, okay, so let's let's start here and Let's zoom into these markets Okay, so what makes price move? All right. Well, that's that's quite simple It is it's traders. It is the orders in in specific here What makes price moves move is the aggressive orders? And what do I mean by that? It is the market buy and the market sell orders They are the ones like when you hit market buy You are not Placing your order on the best bid here. You're you're taking liquidity off of the best offer. So you're actually Eating into the liquidity that is here on the best offer If there is enough market buy orders here, it will continue to eat through All the liquidity here. You can see we have 25 contracts here But only 11 in the CVP column or volume profile here only 11 traded right there There's probably a lot more than that if we zoom in we can see all the individual Orders here and when we zoom out we kind of aggregate them together to make it simplistic for you And get an overall feel of what happened even on these very small time frames Okay, so in fact, we're showing you here that you can see that this transaction took place It's actually a stop run as well or stops were triggered here And then best bid and offer updated. Okay, so this is really this is how these markets work We're looking at microsecond levels in here. So millions of seconds and We're going to extrapolate this to the weekly chart It is no different. This is what I mean by fractal Okay, so here we are looking at this and you can see the update later here And this is this is not a an error The trade data arise first and then best bid and offer update If you take enough liquidity with your market buy orders here, and let's say you have 20 Well at this point you have there's 37 here. Well, I'm sorry after this transaction There's 26 now Well, if you if you hit market buy for and you had 27 Then you're going to move price up one tick and you're going to take one off of here And it'll be 47 left on the best offer You have just moved price up one tick It is the aggressive action here of the market buy orders that moved price That's why when traders look at volume. Let's just take that simple concept and extrapolate that to a bigger move Okay, and we'll just look at today's action a Move like this here Why did this move tape late and we're let's let's dim the heat map here look at the buy orders come in This is no different in concept It they're the ones that are moving price And there's enough buyers in here to continue to eat away at that liquidity Until it reaches up to us another level here Okay, and then well it can continue to go if there's more buyers here It just seems to kind of level off here, and then it does continue to go to the upside here Okay in concept. This is no different here All right now. Let's take that and we can extrapolate that to the higher time frame Okay, that is no different than looking at your candlestick chart here on the weekly These moves in here. There's a lot of selling in here last week And this week too Okay, but where are the sellers going to go where where might price take a break where might it bounce? And then that's where we look left to previous areas where there was buying and selling you look at your as we mentioned maybe your point of control of this Volume or several weeks in here four or five weeks in here The most traded level Maybe you're looking at some of the swings in here and retest and bounces and we're just kind of getting down into those areas now So it still has a little bit of room to go So maybe we'll see like a pullback and a retrace or in another move back down to some of these lows in here All right, so anyway This is this move to the downside here is is similar To these other moves in when you see the dresser moving price. Hey, here's the aggressive sellers moving price Here's a bit of a pullback Maybe some profit-taking here and they come in again and hit the bid hard again All right, so understanding on the microstructural levels in here and what's moving price Is no different. Okay from these very very small time frames on up in fact We are looking at just two elements here in book map and we're getting a lot of insight here already Okay, we have price structure and what do I mean by price structure? And let's take the volume dots off the transactions This is just best bid and offer and you can see it going back and forth in here It revisits some of these areas in here and it found enough buyers to break above this swing here Look at the pullback here. Where did that pullback go to? Well likely this is see this little area in here where it's back and forth This is likely going to be a high volume node Okay, we can see it actually over here and If I zoom in and just put this data in here Yeah, it's actually one tick above is the high volume node here But nonetheless, yeah somewhere around in here and it pulled back to that and bounced off of it Likely we're not going to find many sellers here very few and we're going to start to find some buyers over here And they're going to lift the offer and start to chew through that liquidity again on the On the best offer. Okay on the depth of the offer Again this move in here this pullback and this move we're looking at five seconds between each vertical dotted line Hey, that is no different really in concept than what we were looking at here previously Hey So this would be like a pullback here on this weekly chart And then we look at the continuation here Let me know if you have any questions on this and Because this is important it's important to understand what makes these markets move and then instead of just understanding something like indicators and I don't know, you know candlesticks or Even volume profile if you don't understand what your volume profile is showing you and you're just like oh well I'm supposed to you know you know buy or or sell at the Low volume node and and then you know trade it back to the high volume node Yeah, okay. Why though Understand these markets and and understand how it can even blaze through see this high volume node right here Well, if we get some sellers down below it here, we're looking for the lows. Okay, right back down to here Okay, just based off of this right here and understanding this concept in here Okay, so let's see it. Do we get enough sellers here? Let's turn on the volume dots Okay, not bad. Let's see it looking for sellers And if we do I'm looking for a break right back down to about 52 and a quarter or let's just call it 52 And we got some sellers here Buyers come back in and battle it on the other side Let's see if we get more sellers back down here. All right now. Let's see the move Maybe we get down to 51 and a half here Okay, just based off of that concept right there Okay, and there's our move beautiful All right, so again understanding the order flow instead of like this is a high volume node and like You know, we're gonna bounce back and forth in here No We're looking for sellers at the bottom of this range in here and for the move lower to go through that area and Continue onwards to the downside Okay, just looking at volume and and this price structure in here This is a consolidation period that we're talking about Okay, this consolidation period here is like I said, it is no different than understanding this as At this is a consolidation in here. See the buyers lift it it consolidated and Then sellers start to come in in here. I'm looking for them to lift Hit the bid and take price lower. Okay, which is what they did All right, so I like I said you can you can zoom into the micro levels in here and understand these areas here now Let's zoom out. Okay, and we're only showing volume in here We haven't gone through the heat map and liquidity, which is the other side of the trade Which is essential to understand as well just looking at volume in here is good understanding the aggressor action but understanding the The other side of the trade is where book map really shines. Okay, so high liquidity in here Understanding that it's trading into high liquidity or iceberg transactions. Why didn't price drop lower here? right in here Look at all that selling. They should have been able to drop it down to 43 and a half or or 42 Well, you can see there's an iceberg order on the other side here. Okay, and it was Pretty pretty good pretty good size. It was about 200 or 250 or so. Let's let's turn on the on-chart icebergs and take a look Okay, we should get a reading there As it's Yeah, so there we go Yeah, okay, so it's kind of it didn't make the we covered this yesterday. It didn't quite make the Cutoff that we have here, but 205 is what transacted in here in terms of icebergs Okay, so it's it's kind of grayed out here in a transparency or 255. I should say And you also see a stop run in here. Here's you know some some beautiful information some beautiful insight That the stop run happened here on these three price levels here for 233 contracts And we also have another trader or an iceberg on the other side here absorbing some of these Moves in here with the the stop losses there on the other side of the trade That's who these these traders who are getting stopped out are trading with Okay, so if you want that kind of transparency, that's what the MBO package And this is why we did not trade back down lower here into these areas Okay, so what we're talking about now is another level Of of depth or understanding here of what's going on in these markets Okay, understanding the other side of the trade Okay, not just the aggressors and this has actually led to a beautiful move right back up Okay, now let's take a look at the market structure that we're just talking about Consolidations trends You know moves back up break break of the trend of the consolidation and move back up Okay, so for example looking at the the bigger picture here for today Here we go all right, so Let's just let's just zoom out and look at the the the bigger picture structure very simple stuff Okay, here's a consolidation period here. Here's our breakout. Okay, look at the volume in here And this this should make very clear sense. It is the aggressor that moves price They were able to break above and continue on up and it took data here In fact that in the move actually took place here at the data release A quick move up more buyers and it continued higher So we have a new zone or a new level where price is accepting Okay up here Now that that level broke as well And it broke down Into and you can see there's buying and selling in here and now we have the 930 cash open right around here And we see the the seller is taking control and moving price down Where do they move price down to we'll look at some of these levels of liquidity in here All right, so it's really starting to understand The pieces in this market here and what makes up the price action. It's all here in bookmap. It's all visualized And so and then and what this is why we're we hold these advanced webinars so that you can Look at this data, but use it for any type of trading strategy. You might be a volume profile trader great you might be Looking at the Wycoff and areas of markup markdown distribution, etc then You can also look at the same Concepts here, but you can understand it via the order flow Okay, so a lot of back-and-forth here to be honest because it broke down Okay, and then it broke down again here And then you can even see the little like a W pattern in here and then it broke out Okay back up And then so it's really kind of all over the place here, but it's it's probing and testing these areas trading into high liquidity and Breaking down below it, etc. Okay, we were looking for that move and break into 52 and it did or in the lows as well and it did that and then some so Let's take a look at the current market and see what's going on Let's take a take a step back and let me let me ask for any questions that you guys have and Yeah, because we're going through the whole process in here and this is our basic education Is there any questions on this? Okay, giving an overview, but I think I Really encourage you to watch that educational course part one and part two And then once you it'll it will allow you to look at Your maybe your your strategies and your setups in a very different way Okay, so you want to look at Matt. You want to look at my iceberg settings. Sure. Okay on chart This is what it's what I'm looking at here. I've got the automatic and I love this feature 60 minutes and I have a a to Multiplier a standard deviation multiplier here. So it has to show here. My god, was it one? At least at one trend a transaction has to be of a hundred and forty nine icebergs and So in order for this to to show me something Okay, for the current market, you can see there's 15 right here And it's the 15 is not part of the filter For that for the current market. So someone started to transact right in here And they're still here waiting to to transact and so price is just about to hit them as well So you can see we don't see really too many here icebergs Most of them are grayed out or and a transparency. We see 179 here 222 here And boy, that's about it. All the rest are kind of aggregated They're they're they're large icebergs like we looked at that 255 or here. It is 346 down here But it's not showing because it wasn't 149 that met the the criteria Okay to display so what we're looking at individual ones for 149 or greater Okay, and then on the sub chart. I'm using a cumulative volume delta or summation For the and the axes are not aligned in here. All right, so let's see We're kind of breaking down to lows again here Yeah, well basically looking for 3740 here I'm not seeing a whole lot of selling at the moment here. So we might just kind of You know chop around in here for a bit, but I am looking for sellers But down here Hey, because we're not we're not seeing them right now. In fact, this is a beautiful little Possible countertrend move up into about 48 or 50 here Okay, because there's sellers here. There's a lack of sellers and there's buyers up here But this is this is it's a it's a very tricky move here It's a countertrend move and see how they didn't really break the structure here so this So we're gonna get the stop run into the our 40 level here is what I'm trying to get to because I It's likely gonna happen here But we won't we look at this pattern in here and it's setting up really nicely But they just can't seem to break above The swing here at 46 and a quarter. They're trying they're trying they're trying and they just can't do it And how can we get some insight to that? Possible countertrend Scalp to the upside in here. Here's how we're looking at First off the structure and the volume within the structure And then secondly we want to look at the order book And the order book here. There's it's not really showing us much And what we want to see is them bidding up at a higher level in here And we don't see really that that there's a little bit maybe in here But it's not much and we want to see if there's any offers over here Maybe them starting to pull that offer and to see how the order book we we covered this one yesterday It's not really showing us too much in here We're just kind of hacking around in here and we're not really seeing any any of the orders kind of defining Some of these areas where they want to be buyers and on the bid or they want to be sellers on the offer Okay, it actually this is where they want to be buyers. It's down here at our 40 level. So we just transacted right into it Okay, they stayed in the order book. So this this kind of liquidity here Is the most important to understand because it transacted And they stayed in the order book. They had the intent to trade And they did and you can see this is where we bounced out of it now Here's our double bottom pattern yet again now. This one is shaping up differently We we still don't see a lot here on the on the on the bid or Anything on the offer to give us much insight, but this one played out And here here's how let's just go through it First off we traded in high liquidity on the bid at 3740 We retest it here. There's sellers here. There's lack of sellers here There's buyers back up to the swing here And they actually did break the swing We retest back down here lack of sellers again. This is exhaustion on the sell side and Then we get more buyers back up here Okay, we're looking for them to break the swing and maybe to come up into here or maybe up into here the swings Okay, or the liquidity Or maybe your high volume nodes, whatever it is Okay, 3750 we're looking for 48 before let's see if we did we get up there? Well, there you go. There's your answer Okay, so Yeah, right to 50 All right, so this is how you can start to use this to your advantage Understand the order flow understand when these moves might unfold And now of course this is hindsight here And but we would be looking for this as we were over here in that other area. I think it was here And and this this one worked out this one did not right we're looking for actually Since they could not break the swing here We're looking for those sellers to come in and drive it into 40, which is exactly what they did Here we'd be looking for them to drive it back up into some of these areas or high liquidity now The high liquidity well, it did trade it at 50 these these guys did stay in the order book here up at 50 Okay, so that's notable Hey to understand here. All right. No questions in YouTube interesting. All right Let's guys, I mean, you know, we I think the discussion We I'd like to continue the discussions from YouTube just to just move it right on over into discord if possible but You know instead of trying to read two chats here because we have a really nice Discord group you guys have been very dedicated and you come here every day And and we're you know, we get to know you Really enjoy that the chats back and forth and you have a lot of good insights and good questions So I prefer to have that the chat over in our our discord community but anyway trying to Read two of these chats is sometimes a little more challenging All right All right guys, so still kind of hacking around in here But anyway, some a few nice moves in here and Let's see where we might go again So all right. Well, let's take a look at this. So Here we can see liquidity here on the offer Okay, just around now. They're at a lower level here. Okay, and they're just about to trade Okay, now we're getting a little bit of insight from the order book here See how they're staying in the order book here and now they're up here at 52 See the bid in here as well starting to kind of bid up a little bit All right, so if we get enough buyers in here, I'd be looking for the move up into 52 Yeah, I don't like it in general I like it when we see a lot more in the order book here on the bid see how these guys pulled Look at look at this. Look at the shift here in the order book okay, so So we're kind of looking for this move into 52 but noted this is pretty dark in here And we can trade back down to these levels here. Okay. Now we're we're seeing a shift on the offer What is the reaction by price? Well, here we go Okay, they're they seem to be kind of interested now sellers hammer it All right. Well, let's see if we get more sellers and trade back down to 40 We have some icebergs buying in there Icebergs on either side though on both sides 171 here in 222. Yeah McLoko, I hear you FOMC tomorrow. So we just might be chopping around here all day Or you know, you get a lot of speculation on on the days prior What it might be what the Fed might do because that we had the you know the retail sales To give us maybe a little bit of insight here. I didn't get too much out of that retail sales I don't know if you guys did but So yeah, that makes it even more likely for chop Okay, you find the video quality is actually better on YouTube interesting. All right Well, we can only have 50 in here For for discord. This is the the drawback This is why we had to jump over to YouTube as you guys know And then there's just a bit of a delay in in YouTube a few few seconds All right, here. We are right back down. We're getting our sellers here now Let's see if they can break this here looking for the break into 40 and Yeah, again like Yeah, I would say it's probably the most likely move But we're just not getting much out of the order books still here right now It just traded into this liquidity. They did stay in the order book here at 44 So you can see how important the order book is here See how it really kind of shifted and changed in here and we saw the move that that price made Okay, so we're not getting too much out of it here at the moment And let's see if we get sellers here at 44 and three quarters If we do we'll come back down and visit 43 and Then they probably got enough selling in here to break it down to 41 or 40 here See see it's just all over the place here. We're not getting those sellers. We're getting buyers here They're gonna try to move it right back up to 50 Very very choppy here at the moment and you can you can see that How well in this example here, how much the order book really matters? It's just we're not getting too much out of it and and the aggressors can move They have kind of liberty to move price around like this Okay, anyway, the liquidity is down here at 40. Here are sellers. They should be able to reach it now Okay, I would be looking for this move into 40 and to 38 maybe into 36 as well Okay, and that's where the liquidity is seems to be attracted to it. So Still looking for that move into 40 again It's a little bit of a little bit on the offer at a lower level here Not much. Okay, here we go again Another test another rotation. You can see how the market probes these areas in here Sees sees if there is some sort of supplier demand in some of these areas and how far can these aggressors push it? Can they push it back up in here? Can they kind of ignite some stops up here? Maybe push it up to 50 again, you know, so don't get caught up in this kind of stuff I just wanted I just wanted to mention in general. This is where the liquidity is we know that It's right here. It's advertising. It's at 40 37 or 38 and then 36 So we're basically looking for that in in kind of the bigger picture here or a medium timeframe picture Looking for that move into this liquidity And here we go here comes another rotation still looking for it looking for these sellers to hit into 40 Okay, yeah, I mean how would I take this trade? I would get in here around 43 and Now I don't think I would actually on this move to be honest because of the order book but basically the the concept here is That the The sellers are gonna come in here break the range back down into 40 Okay, and maybe and maybe lower we'll get a move out of this here, okay away from this area here Yeah, that's true mclocal. We might trade into all this liquidity in here and then find buyers come come roaring back in Yep, that's true Here's our move guys. This is what we're looking for Look at the flip of the order book here Okay, so they were on the bid here now They're on the offer here and we're still finding sellers. So we're still looking for this to move lower Look at this. Look at how aggressive they are Okay, a lot of traders very aggressively now see how we're we're getting more out of the order book still looking for 35 or 36 down here. They're pulling see how they're pulled here See how much more we can get out of this looking for lower 35 There's 35 Okay, and now you see we want to see them There's we're still trading lower and we still see them on the bid here I'm sorry on the offer here, but they're they're up a little bit higher here. Here we go now. They're lower Still looking for the move lower. Okay, 33 maybe down to 30 31 and 30 here Okay, but see how they're just not quite they weren't quite as aggressive in here It's a little bit of little I mean it's a slight change and then they're there now They're you know, they came in here at this 36 here or I'm sorry is it? 36 and 3 quarters Okay, see now they pull It was a reaction how to price react to that Okay, it's kind of pulled right in the middle of the range basically okay, so See how it opens the door here for potentially if there's no one on the offer up here buyers can can can rip back into these areas here Back to 38 right here or maybe back to 40 here That flip of the order book we saw earlier Okay, we're not we continue on lower. We didn't break structure again. We talked about this one yesterday You have we have to see the buyers back up above not equal to or not a shoot above and then back in We want to see it break here here. It's breaking. Okay. Great. Let's move on up back to 40 Let's see if we can retest 40 here looking for these buyers to move it rip it back up to 40 And we should see a nice stop run. I haven't seen any stops yet. I'm looking for them Likely is gonna be back up above 40. So we might even see it move higher than 40 here See out now. Let's see how they pulled at 40. They don't want to be sellers now at 40 They're up a little bit higher 41. There's our rip Okay. All right, so let's just cover this here because we went through this Kind of kind of quickly we had to We didn't really get too much insight in here in the back and forth We were just looking for 40 kind of in the in the medium time frame picture We got it and then everything lit up Everything kind of shifted and changed in here. They started to pull this liquidity at 38 They they were on the offer here. We found sellers. We're still looking for it to go lower They pull it 36 in here still looking for it to go lower They're offering they're offering lower in here. We had kind of a gap in here for a bit And it's like, you know, maybe the buyers can kind of move it back up and retest these areas here But then they show up again here at 36 and three quarters And then they pulled which was kind of curious and we did make a lower low here, but Then we were reading these areas. We're actually reading this they pulled here And then we're reading this in here and we noted, okay They're starting to transact up here and if they pull price can rip back up and retest and let's just go through it and Retest back up to here for 38 and maybe even 40. Okay, this liquidity up here And areas of clusters and transactions and also liquidity Okay, the the potential was here. Okay, did they break the structure? Not really They might have broken it by a tick, but it came back into the range in here. We're looking for it to break and We're looking to also for them to bid up in these areas here and it was good that they pulled here Okay, so we're open to that And instead we go a little bit lower and now we're back up here and then we notice they're breaking the structure We're looking for 40 at that point Okay, so we saw an order flow change or shift in here. This is structure again Okay, and we started off this webinar talking about structure on the micro level. This is no different Okay, this this move here is no different than what we talked about on that micro level and Here's the buying back up above it. We're looking for the move to 40 Okay, and they even pulled at 40 and we continued on up And where do we go are we back up at 50 my god Okay, so pretty powerful move there back up to 50 Let's zoom out here And take a look. All right, we should see some beautiful stops. We haven't really seen too many yet So where where are these weak hands or you know, they're not the weakest hands They they're already stopped out but looking for you know to trigger some stops up here This looks like a good area here at 55 So I'm still looking to see if we can get buyers to push it into 55 and then maybe 60 Okay, so a strong strong volume here on the buy side They're on the bid here at 50. We're finding buyers still looking for the push higher up into 55 and 60 now 60 he's been in the book over here So we're still that's where we're looking for this to go Okay up into this liquidity up here at 60 and we should start to see our stops triggered on the upside here as well Yeah, McLoko, you're starting to you're starting to anticipate these Kinds of moves as well, which is really nice to see. Yeah, liquidity getting filled You know here's our flip of the order book we We saw the the buying starting to come in and these little areas in here and then it here So we're looking for the move to 40 Okay, and then we broke that level and we see buying continue So we're and we're still looking for more buyers to continue here now We made it up to 55 already And we're what we're still looking for 60 basically And we're looking for a bigger stop run in here a squeeze Okay, so we're bouncing off of this area here our structure Okay, this is a consolidation period a breakout and a bounce off of it And now we're looking for buyers up here. Here's our retest. Here's our buyers. Here's our order book We're looking for the move higher Okay up into 60 Makes sense. We even have a nice little algo in there as you guys can see This I'll go in here chasing Looks like a ignition I'll go to me, but I Don't see them getting filled. All right one more move and let's get our push now into 60 Now one more one more rotation here. It looks like one more So you know that the order book we just didn't have the order book follow-up underneath here That would have been great to see and then and then get our push into 60 Yeah, love hearing this McLoco. This is just great Here's our move guys There's 60. There's our stop run beautiful Beautiful Alright now from here onward, where's it going? Okay, I don't know This was the move that we were looking for and I Would have I would have been looking at these areas for profit in here Okay, and now if you're holding for a bigger a bigger move or bigger picture Well, what is it where you'd be looking for? Let's take a look. Let's take a look at structure in essence There's really no no reason on the on the higher time frame to get out of this. This is still a strong move Okay, you can look at a high volume node or swings or previous structural areas in here Seventy might be the next area to take a look at And see if we can get in there Or up into those areas here. See where we broke down here. It's a little bit below 70. That's around 67 actually, okay Sorry guys, let me jump over into YouTube Finally getting some some questions over there. So I've been following in discord Oh, you guys got your own kind of conversations going on in here Great. I love it. I love you guys looking at these areas of liquidity. Yeah I mean, it's so essential to understand and you know, I just I don't get it like I Think people are starting to understand when when when book map first came out people were just like, oh, no, it's all about traded volume and And You know, it warms my heart. I mean, it's it's really great to see people going no There's liquidity up at these areas, you know, or you know, we see this kind of shift in the order book and this reaction It's the other side of the trade And it's so essential it makes up. It's I mean the market is made up of orders without orders, we don't have anything and And I mean guys it it's it's essential to understand the condition of all of the orders Not just the orders that were market orders and transactions Okay, and volume. Okay. Yeah, sure that that they've taken a stance with with traded volume. That's that is true but Well, we can also look at them taking a stance in the order book Getting filled with their limit buys and sell orders in these areas or iceberg orders or look at traded volume like this move here Hey, would this be a surprise here up to 63 and then a sell-off after that Hey, why why would I think that here? Why would I think that it might pop up above here and then might pop down into this area down here 56 Maybe even lower 54 What do you guys think? What it what kind of orders happened up here and What do those orders typically? Mean what it what is the significance of some of those orders? I mean kill the SVP and CVP. Yeah It was absorbed. No, no I mean we've talked about this many many times in the past about what kind of orders these are that transacted up here These are stops Okay, we are so here's our stop run not not all but it's a pretty big stop run Okay, you can see 376 here Okay, we were looking for that for a long time on the way up here Okay, so and look at look at the move down. We just talked about 54. Well, we've already traded into it and through it Here's why though is We we see a stop run up here and we see sellers come back in This is not new buying here And these are people getting stopped out Okay, therefore if we can come back in we're looking for the move back down to some of these areas and in these clusters So we talked about 56 and 54 Here's our answer. Okay, so understanding that this is that the the Kind of the The the the pinnacle here and it's made up of stops. It's not new buying So they you know, now we're looking to see if we can run it the other way Which and I don't think it's buying exiting Rob. I think it's just people getting stopped out. So and I'm I'm You know, I'm gonna cover this because I I'm just I think this Talk about what these markets are showing and How to use this new information and this new data that book map has is really Offering a level of transparency that I've never I've never seen anything like it now Okay, I work at book map Let me explain though being able to understand that these are stops up here This was before this move unfolded. Hey, you guys were here. We I didn't look at price at that point I had no idea that it was gonna do that But I did know that this is these are stops up here. It's not new buying. This is basically the blow-off top Okay, and we see and I saw I did see sellers come in here Okay, so I'm looking for them to try to drive it back down into these lower areas in here. All right, so Understanding that it was it wasn't some indicator. Okay, it wasn't some sort of Derivative of time price or volume or anything like this like stochastics and RSI are it was the the orders this Transparency into the order types that we're Transacting up here That's what did it and that kind of transparency is rare Hey, we've never had that before the best we had was just price action I You know talk to talk to Tom Tom will be in in another half hour. He'll he'll get started Tom was down on the floor Tom was I think I think he was charting with with pencil and in paper Now I've heard about some of these these older floor traders they go That's where the point figure charts, you know, they're just putting in X's and O's on a graph graph paper And and understanding Technical analysis that way Some were just, you know marking up their bars I mean my god go go go read a reminiscence of a stock operator. You can look at some of those those handmade charts in there so And that's all you had and then and then trying to put some sort of mathematical Process on to that price action and volume. You also had volume of course Or you maybe you are charting volume. Maybe you weren't but the next level after that was putting this into some sort of stochastics RSI whatever it might be some sort of like oscillator or You know something to try to give some insight of when it is overbought or oversold, okay That's just so antiquated and and and also just Can give a lot of false positives Tremendous amount Instead look at look at this here These are the orders that transacted up here and we find sellers on the other side Where's the liquidity where the buyers and sellers of 56? 54 It's 50 as well down here. Did we get down to 50? Yeah, well, that's the next area here Looking for 50. Okay. It's the condition of the orders. This is not of a derivative here This is just just objective truth. This is what happened up here. This is what transacted now Why we we look at these areas in here and start to read and understand what's going on in here These are stops. These aren't these are not for the majority. These are not new traders Buying in here. It's some okay. Here's our here's we get a little bit of volatility at 11 here But looking for that move into 50 so anyway the So we know that there's a stop run in here and that we are we are assuming that these are Stop losses and people exiting Where we can draw even more out of this though is with that new liquidation indicator We have from the crypto markets. Okay, this really blew me away so I'm gonna cover it kind of personally here because You know just to to make the point What this is showing and then you know understanding how these markets are working By looking at a completely different market here at crypto And then understanding not stops here, but we're standing. We're understanding liquidations Where are people where is the exchange actually liquidating traders positions and they're using? Market buy and sell orders to do that And they're just they're just gonna liquidate them out. It's like you're done and like, you know, you're out of the market Okay, and and the trader doesn't have a choice here. They're they hit their margin. They're getting a margin call Look where these are taking place. Okay, some of these are going to be stops Or are similar to like stops, but these are liquidations. Hey, look where they're taking place at the extremes Okay, so when you start to see these stop runs and look at this run here, look at the liquidations in here And here Right So this is what's happening This is what's happening in these markets and this is again. It's fact We're not making it. This is just Liquidations from the exchange. We have that in terms of liquidations. Look at this nice big one here already. Look at that We're at 17 K 18 23 K Liquidated over 11 events here. Okay. Now it found its liquidations in here Right now did it retest and find more up here? Let's see If it does it will continue if it doesn't yeah, okay, great. It's finding him So it's continuing here. It it it's continuing because it's continuing to find buyers Because they're being liquidated That's what's happening here One after the other beautiful trend here due to liquidations This is going to be the same at looking at stops and stop runs Etc here in the S&P e-mini Yeah, I would love to see this map on the on the ES I'd love to see that liquidation data in here CME is not going to give us that information Yeah, and the liquidate you're right McLoco the liquidations have been insane in the last few days. I Mean, we're seeing several hundreds of thousands of dollars liquidated. It is amazing to see this I mean look at look at this is Binance futures, of course Where we we see the most liquidations because this is a leveraged product here I was looking at Binance or Bitfinex. It's not a leveraged product and we're I saw like I don't know yesterday like 200,000 116,000 something like that in some of these areas in here I'd never seen that before well, we've only had the the indicator for a bit But I had not seen that on on Bitfinex or has not been many Hey Here you get a little bit more an FTX and then by bits kind of an odd one, but We we see the liquidations kind of all over the place here as well big one here almost for four coins You know so about 80 80,000 or you know hundred thousand Up in this area here 88,000 let's call it All right, so anyway my point is Starting to understand these markets and we started off starting to understand these markets by understanding who is Lifting the offer and in hitting the bid and moving price We started at the most binary level and then we moved on out into market structure and Mentioned how that market structure is no different On the weekly chart than it is on the sub-second chart It is the same thing in essence in concept. This is what makes the market move now We're understanding in a much deeper level at some of these levels. What's making the market move here? Well, this these were liquidations that was really helping make this market move here Really assisting it on this move to the upside Okay, same with stops up in here And that's why we were looking for if we got our blow-off top here in a huge stop run up here Wow, and we find some sellers on the other side. Wow, okay back down into some of these lower levels here And we still have we still haven't made it down to 50 yet now now I'm looking for it again I was looking for it here Stop run to the upside, you know here. This is what happened stop run down in this area Stop run here and here everyone that is looking for 50. They're getting stopped out here And then also some up here. Here's 125 here. Here's 39 up here And then a capture maybe get some some longs going in here Turn around come back down hit 50 looking for it here We had 71 stops already looking for the sellers to come in and hit into 50 now And we should see some more stops triggered and there it is. There's our move and there we go 129 stops just just hit okay Here here's the proof Right, we don't need to look at stochastics or RSI We want understanding of what kind of orders are transacting in these areas here. This is much deeper insight. Oh You're welcome, Brie. Wow. Look at the continuation here. See the sellers are they just keep hitting it here Okay, they hit another 122 down here stops now You'll note like, you know at a certain point like look at the buyers start to come in here now They hit some stops again And then you know at a certain point like you'll get these kind of mean reversions here Well, where are they going to trade back to these clusters of volume in here? So this is 48 is a good area So, you know, you can even look for scalps and counter-trend trades back up into these areas in here You know where the liquidity is and you know that the stops were triggered just look for the buyers to start to come in Okay, and then look for these these swings back up into these areas and these clusters of Volume here and where the liquidity is Okay, so yeah, there there we go. It's almost got there it I think it I think it will I still think it will Maybe you can go up to 50 here as well. Yeah, see them pulling here on the offer Now the thing I don't like is they're not on the bid at a higher level here Yeah, I want to see that, you know for a higher probability trade or you know idea here So there it is into 40 49 or so And then now we're seeing the offer here starting to show Quite a bit of size here. What's the reaction to it? Well, we found sellers And not too many actually not too many Let's see if we get them now and The move back down into 41 and 40 here Yeah, I just want to see more on the offer that this is good up here at 48 I want to see a little bit more a little bit lower and and to get our sellers in here and to trade it down down the 40 here So whatever your time frame is I mean you can see like Even on the smaller time frame, this is where you could be bullish in these areas here Okay on a very small time frame You had your stops you see the rotation We're looking for them on the bid here. We're looking for them to pull on the offer They're starting to pull in here And we're looking for that move back up in the 48 and then maybe 50 And we got up to about 48 and a half and that was it or three quarters. I should say That was it and some transacted up there. Oh, thanks Paul Okay, and let's see Kevin you're looking for 30 Okay, bigger picture. Let's just zoom out here. Yeah, 30 looks great Anyway guys, what's really another thing that's so essential in here? Is the time frame that you're trading? So Kevin's looking for a higher time frame move into 30 that's 14 points away right now Okay, order flow can change on a dime You can look at some of the the geopolitical and fundamental analysis for for a verification of that It'll it'll it can change immediately Or maybe it says some larger player or some liquidity or some options levels of who knows right? But what we were going to look at and understand on the order flow Is just the majority of the of the traders Okay, what what kind of condition is it and that's what gives us the insight Okay, so bigger picture in here. You'd be looking for 30 down in these levels here and never got there it should have right should have traded back down to it by looking at this and and Instead You know we see the buyers come in back up into this area here and then the move higher Hey, God, I think we were we were all over this right? I think Yeah, yeah, yeah, we were looking right at it Okay, we're looking for that move out up into here this 40 level here, so we saw some of the buyers here and then The move lower and then buyers back in here great That's when we were looking for a move to looking for a move to 40 and then they pulled at 40. Okay higher So anyway, and this is you know So these are the drawbacks into some of your trading strategies or your trading plans if you're looking for 30 at this point You know, you might have been stopped out so You know, how do you kind of protect yourself against that? All right. Well, you know, you may have to zoom in a little bit Maybe look at some some kind of smaller time frame structures in here to see where that might unfold And then manage your trade accordingly All right, because this is really tricky You can see that The move back up above here and the squeeze higher. We're looking for that squeeze Hey, we're looking for this was a strong move. We're looking for that squeeze back up into 60 and we got it It came up here We saw the blow off top and then we're looking for the move back down to 54 and then now we're looking for the continuation And and here we go Okay, so now we're kind of coming up to the European close here. It's 1115 East Coast time So maybe we can see the continuation here Backdown into Kevin's level here at 30 No Stops are not figured into the green and red bubbles. Okay, not not what not not whatsoever This this is just the the transactions here and in fact, this this is not true volume in here to be honest Okay, this is market. It's a it's a delta volume So I'm going to right click on the and go to volume dot settings here and show you this Total volume is actually the true volume here Okay, it's buyers and sellers Okay, now since you can kind of look at the reference here I don't have a problem with it. I use it like 99% of time. I look at the volume delta by minus cell So it's always going to be either a red dot or a green dot All right, that's what you're looking at in terms of volume. Okay, the stops in icebergs. Um, well, I mean They're displayed outside of it I Should say that well the the stops are are you know in the in the volume delta here They're they're in the volume transactions, of course So I'm not sure if I'm answering the question correctly here Stops are in here because that's the an aggressor. Okay, it's a buy stop or a sell stop and Yeah, it's gonna be it's gonna be in the in the volume dots Okay, the iceberg will not be in the volume dots the other side of the trade will but the iceberg is Uh, that's basically the same as liquidity here. Okay, it's just not in the order book. It's hidden So this is basically a hidden Limit order and it transact. It's not gonna be part of that calculation here Okay, that would be the proper way to describe it Guys, I don't know if I've gotten to all your questions in here in YouTube But maybe re-ask it if you like I can't keep up with all at the moment here A pro killer is so yes, it's worth nothing if everyone buys it. I wouldn't say that You know, I mean looking at at VWAP if you're a VWAP trader or if you're looking at, you know You know point of control etc. Kevin. I like your idea of this 30 And that liquidity down there I know it's gonna be the kind of a bumpy ride it looks like but I think it'll probably get there No, I mean in fact, I kind of like it if more people look at it Yeah, okay Edges are eroded over time that that's for sure but And nothing is gonna work all the time And it will you know always it'll always be shifting back and forth the the thing though is that The for example if you look at a VWAP, okay A lot of people are looking at the same line the VWAP, okay, so I Much prefer looking at this compared to something like a moving average or a fib level This is one and in fact, it's not even that objective in here because of the way that We have it in book map it You know, you're supposed to have it From the beginning of the session, okay, and that would be yesterday East Coast time would have been yesterday at 5 p.m. Or a 6 p.m. I'm sorry 5 p.m. Central Right, so even this is not accurate, but it's it's likely pretty accurate because the The cash Open as you know, there's so much more volume at trades. So it's likely, you know Pretty accurate Anyway The point is here is one line and a lot of traders look at it and can react to it if it was a moving average line Who's looking at what? What time frame is it the 50 on the daily? Is it the 50 on the on the five minute? I mean, it's all over the place and Or a fib level, you know, who's looking at one fib level or another? Fib clusters makes a little more sense to me Anyway, that's a few things to Consider with some of your your indicators or your other other ways of kind of looking at market structure All right, you're talking about the liquidity For crypto, yeah stops are in the Delta Stops are included in the market. Yeah. Yeah. Yeah So sorry about that Sorry for the confusion on that one Yeah, I mean any transactions here It will include it includes all transactions, you know The or the aggressor here, okay with the the traded volume, okay, the other side of the trade the liquidity that's really That's not included in here. That's a separate thing Because maybe some of that liquidity trades not all of it, etc It is the the amount of liquidity that traded. That's for sure Go or hidden liquidity Okay, but Stops are basically an aggressor Okay, it's a market buyer sell order what indicator includes crypto liquidation data Well, it is it is that an indicator in itself Let me show you Hey on our Knowledge base guys if you have any questions about things the go to the knowledge base This is the go-to for for everything Go to more and then go to the knowledge base here Okay, and this puts you into the user guide section here You'll see all of it listed here go to the add-on section for some of the add-ons Okay, not all of them. Hey, but there's a list of add-ons in here In fact in the user guide here, you'll see a lot of add-ons if you scroll down and under number five here indicators large lot tracker and balance indicator cumulative volume Delta Correlation tracker etc MBO bundle is actually part of the add-ons over here under add-ons, and you'll see stops in icebergs, etc Liquidity indicator liquidation indicator is right here Okay, we have a new one just coming out. You just see it listed at the bottom here the dome pro and so keep that It's you're getting kind of a preview into that right now. It is public so Take a look at that if you like Okay, we're gonna be launching this very very soon and if we're gonna have a really nice dome for you guys Anyway, click on liquidation indicator here. There's a video An image how to install it what you need. What is it works on Binance futures bitfinex FTX and by bit Okay All right All right guys. Let's uh, let's wrap it up here I'm still I mean bigger picture here. We're looking for 30 to transact looking for the move down At the current moment. Well, we're almost there. We're four or four or five points away from it But I Don't see anything else really From stopping it right now just looking for more sellers to come in here And there is there they're starting to front run a little bit With the liquidity in here So that might kind of dampen the move into it But still just looking for that on the higher time frame Okay, see it see how they we saw this move or saw them with the liquidity here on the offer As some of these lower levels in here after the move through 50 and the flip of the order book And understanding that liquidity All right guys, so yeah, if you like this video, please give me a thumbs up there that really is helpful And add any comments or questions later in the in the comments if if you have any questions we do look at them and Let's see. Is there anything else I can go over? Yeah, no, I think that's that's everything a dug. I saw your your comment in here Some large block orders and SPY. I'm sorry. I didn't I Kind of reused over that and I don't have SPY up so I don't have anything to really show in here but guys a Doug has some videos in the Pro Trader webinar area that you can You can watch the recordings in there and and Doug is an options trader. So if you're interested in options Go look at some of the material in there in there on our on our YouTube channel. I think you will find it very helpful And that Doug is also in the discord chat In the stocks and the well in in all of the rooms. So you can reach out to Doug directly now Another thing following right up after this is is Tom B many of you guys know So He takes over at 1130 and we'll go for Typically until the close Okay, basically every day until the close, which is amazing that what a resource you guys like Pretty amazing Tom is an excellent trader and he's looking at volume profile Okay, so it's a very specific way of looking at it. Now what we covered today, for example Was a little bit of everything and we're just talking about what makes the market move But we want to take that in that foundation here And then use that for any type of trading See how we thought like this wasn't can be such an easy ride down into 30 here I still like the idea, but look at this, you know looking at the sellers coming in here starting to drive it lower Yeah, you know, we're looking for it, but look at the buyers come in and here's our squeeze And then looking for a move back to 50 here now, and we're almost there But I know that's not much of a call But you know, this is the cluster here is the figure as well Heck, we might get back to 55 here. You can look at profiles. You can look at your VWAP here And maybe we'll get it in also here is where it dropped from 55 up here Okay, so you can start to align these ideas and these concepts here and market structure On very small time frames and also very high time frames All right, so we'll leave it at that guys Thanks for the thumbs up in there look for Tom be this this You'll see a link right after this webinar finishes here in YouTube it'll link right over into a Tom B's room Okay, or his his YouTube Video all right guys. Yeah, thanks. Thanks again everybody and we will catch up with you tomorrow with J trader At 10 a.m. And we'll be looking at some stocks Take care