 All right, good morning traders and welcome to the all markets webinar. This is Bruce at bookmap. I'll be your host Hi, good morning traders and welcome and we are going to look at the order flow live forward-looking analysis and From our reading of the order flow We'll try to very objectively go through the process and read it and analyze it and the better job We do there the more we can see where price might go next And that's one of the edges and advantages of order flow is you can do that It is I think in my opinion at least rather challenging to do that in candlestick and bar data compared to to order Products so let's go through the disclosures and then jump in general disclosure all bookmap limited materials Information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Wrist disclosure treating futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results all right, so let's jump in and take a look here and You can see the movement to the down here in the S&P 500. That's what we're looking at and The Let's jump back and take a look at it at the bigger picture. This is kind of an odd move to be honest Very odd move. Look at the volume in here. Look at the color of the dots on this move down And look at the volume bars in here as well Okay, so very very strange There might be a lot of iceberg orders in here See if we get that. Yeah, there are see that and We have a lot of liquidity here on the bid down in this down in this area here as well around this 4516 to 14 level And we're just trading up in the high liquidity here at 45 22 And we've been trading around in here since Well, you can see here 940 so For the last 25 minutes or so we've been in this little zone in here You can see the profile as well and just noting that a lot of the volume here is slight uptrend In this little move here, but a lot of buy volume Hey, so that makes it actually a little bit more challenging to understand in here Also this move down Kind of challenging to understand it kind of makes your scratch your head a bit We want to see the if we see buyers We want to see the the price moving up But we'll take a look at some of the pockets in here and understand some of those details Before we do that though, let's jump to the bigger picture. What's going on there now? we have the daily over here on the right left hand side and then we have the Hourly chart in the middle and the 15 minute here on the right So what's going on in the and the daily? Well, we've been covering the daily a lot. I mean we had FOMC non-farm that Accounted for these really big moves to the upside and then a lot of chop back and forth And then what was the data point here? I was CPI I think right That we see the move to the upside here. We have I'm sorry, this is how we closed the week last week after all that strong data And the previous week so yeah last week it chopped a bunch That's right this week here We had our CPI data and we see the move now. We were all over this We were looking for it to come up into this area up in here And for that day here, this was such a big move and then move had already taken place 830 a.m. Was the majority of that move 930 cash open and then just some back and forth really With the with the you know a slant to the upside Thinking that let's try to you know spike above these swings up here And that's kind of where we've left off as you can see The on the daily here So we just kind of spiked up in and on the daily here and tested the previous high and we see sellers Come in so it didn't quite get to that previous high You can see that more clearly here on the hourly chart And then you can see the The move back into the range here all right now on the 15 minute chart, let's just add a little data in here Okay, I don't know if that helps or not Yeah, let's actually take that away So what we did was that you can see price spiked up above here this swing at this 29 level and then right back down to where it broke out from here And market doesn't really look like it. It knows what direction it wants to go Let's read the behavior the players. What are they telling us? Well, when we first looked at this chart We didn't understand the behavior in here Very odd to see this buying Yet we're going down and And Yeah, so, you know, here's our 930 cash open quick move to the downside right back up And then and then it kind of dribbled off on or by volume Right now we get this question a lot like how is that possible? How can there how can the the market move down like that on more by volume? Well, it has to do with the auction process in here and We see buyers in here. Okay. Now, unfortunately, I had to start my computer a bit later I would have loved to have seen the iceberg Orders in here. Maybe maybe someone has it and take can take a screenshot over and in discord right and we can take a look at this in here because I Can only think that there there's got to be you know I'm not seeing a lot of high liquidity in here. I see some in here That's absorbing. I see some here on the on the off on the bid here though sellers take it on and and then all of this You know buying back and forth in here fails to move the market higher So someone must be on the other side of the trade in here and I would imagine that we're gonna see a lot of hidden orders Or just maybe some we have to kind of zoom in and splice in here and take a look at some areas And you can see that the data quality in here is is parsed. So I unfortunately do not have good data to take a look at in here So that that is unfortunate. So I actually started my session right here nine 939 almost 940 Okay, so take a look on from there There's some absorption, but absorption all over the place on the way down as well Yeah, and here we should see the market move the CBD should be lower as well on here that makes sense it is Because I don't see a lot of buy of that buying like previously and this this move makes sense as well Yeah, all right. Why it might be the parse data then You know, maybe I'm getting kind of different reading in here but This this makes sense this move makes sense to me and this move makes sense to me and Yeah, so all of them from here on out to be honest All right D&T matter. Thank you. Let's take a look here Got so you got your icebergs here on the way down. Yeah, so a lot a lot of icebergs Well a couple thousand or so right on the way down here They're they're here. Here's here's 1100. Here's 190 191 300 100 And just less on the bid so 500 here, but that's right at the open Let's take a look at another one. Yeah. Yeah, this may this makes sense Like this this one makes good sense though. It's that first one though. Thank you for that. That's that's good all right, well so anyway, the Let's let's take a look in here and and we're still kind of chopping around We've very strong bid in this area here now. I want to relate this to the bigger picture though because Even the bigger picture here is a little challenging to read The swing up here. This makes sense the fade back into the range What is it doing right now? Well, I would look for it, you know the bigger picture here. I see this kind of red candle here and and We're just testing these areas and we're still down here So I'm looking for sellers to retest this swing here at 45 14 And then maybe we can get down into some of these lows in here as well All right, so we just had our little pullback in here And then you can see the the sellers are starting to come in again. Okay, so we're at the swing of that previous candle Looking for the sellers to try to take it down into this 14 And then maybe we can get some momentum into some of these lower areas here as well. Okay, so this would be down around 45 10 this is 45 Oh six and then the figure is going to be down here Alright, so let's let's take a look here. Here we go now. This it's kind of a hard read I mean like yeah, I'm looking for sellers to trade right into these guys here These limit buy orders Hey, so I see the selling coming in Not so much buying. I'm seeing the selling coming in again and Yeah, just got to go with with who's Controlling the market at the moment Okay, so yeah looking for these sellers now a lot of liquidity down here. That's what we want to Ascertain in here. Does it does it transact does it trade? Do we see these these aggressive buyers come in and really lift the market? And now see see them starting to pull here That allows the sellers to hit it harder and Try to hit 15. There's they're pulling at 15 as well. So let's see if we get to 14 Okay, and remember 14 was that first swing, right? this one So I'm looking for the test to there and then maybe we can get some momentum below it here, but Just looking for the test now. That's not a setup. We're just reading the order flow and looking for a direction Let's get into some of the setups though And start to understand like how we might be able to weave into some of these Some of these moves. All right, so well in a downtrend The sellers taking control of the market from this point on and we're looking for maybe low volume pullbacks And then getting back into the market Okay, so some of these areas in here wouldn't have been bad, but You know, I'd look for those those sellers to come in and curl in again and and and bring this market down lower So yeah, we just got to 15 here and we see the the buying coming right back in All right, so back up to the swing here Back up into the middle of the range Okay, so now we didn't know that was going to happen that this was to come in We're looking for these sellers to take it lower into that swing And all of a sudden these aggressors come in Okay, so Traded right into and through the 17 and a quarter and then we're looking These guys all pulled at the same time here as well Okay up to the top of the range and then some All right. Well, that should be enough Yeah, I would look for a pullback at this point here. That's a pretty strong move And that's good. We want to see that but The market look at the ATRs in here. Look at these these ranges in here This one stands out So maybe there was some news that made that shift happen, but it's not Normal Even even this move to the downside it kind of did two in there and this is all chop in here Right so Just based on that up at the swing We're looking for fade back into a certain area now It's a tough one to To call Because this is a very strong move in here And so where do you look for it? Well you look for The first off that the target would be some of these areas in here where there are pauses a Rob This is something that we went through In detail about these strong moves reading these strong moves and then looking for We test to Where there's maybe a little bit of a break in the in the strong move and the first break is was here It's already tested that twice and then Let's see if we can get a little more selling in here and then test Below that swing with this liquidity here at 19 and a half and then maybe some of these little areas in here as well 18 and a half or 17 and quarter down here This is what this is where I'm looking at in here these little pullback moves Okay, and lining that up with liquidity Right now the assumption is that That This was quite a strong move and the market needs to take a break. Okay. It is taking that break right now And it's just going sideways though Okay, so We don't doesn't necessarily have to retest any of these areas whatsoever But we're gonna read this in here and give get clues to what might that look like All right, so Yep, more buyers coming in into high liquidity here at this 22 and Three-quarters Right All right, let's see if we can get our sellers to start to come in now. I want to see on this move here I don't want to get caught in it. So I'm looking for sellers here at this 22 level Okay, and then I want to see them break it back down to 20 and three quarters and then 19 and a half they come There's our pullback. Let's see more sellers in here and I want to see them break the range Yet, let's get a bit more selling here. Here we go. All right sellers and let's see if you can drop it down to about this 19 and a half now Okay, so there's not a whole lot to look at here in terms of the order flow It's more about the price movement The price action that we're talking about Hey, the sellers that we're looking for look at the bars. Look at the dots in here. It's not a whole lot right and the majority of the move in here is Pretty strong buying a aggressor buying that move that market. So This is a counter-trend move Hey, but we're looking for a pullback due to the strong move in here that just take a break in here Unless there was some sort of other geopolitical stuff happening. Yeah, I think it's wise D&T mattered like just stay away From some of these things if you don't know Right. We this is what we had talked about like many times over and then we can jump into the things that look sure more sure Yeah, so And and then this this in here is just too late for me to get involved And then to try to look for a continuation move This is just this is where that volume picked up and it's just not the risk reward is not worth it anyway Yeah, so let's let's go over the I Can just take you to here There are several types of continuation patterns such as bull flags bull pennants bull wedges and bull triangles Guys I just noted that we are For those of you interested in book map here There's that we just launched this here. So The Black Friday deals are just around the corner. All right, so I Can't believe it already. So if you are interested in book map Then and you're looking for a deal. This is the time okay, so anyway, take a look and Read more about it here sign up etc. The Yeah, look at the selling coming in now This is what I want to cover though like because this is a hard read like like we had said We came back up here now. We're back down into this area here and now we're getting our bounce so This is very trappy Stuff in here traps trap You know all of this potential trap in it and in a stop run to the upside which we can verify if it's a stop run Well, it's a stop run here this move above that swing that makes sense small stop run here and then nothing in here and And and then a small small move in here now. So these are small little stop runs here But what does that mean if they're small little stop runs that means these are new buyers in here Okay, so that's where we can start to identify the trap They are trap traders potential trap traders and what their behavior might be And we can see the stop run did unfold to the downside here Okay, so people got it wrong. They're gonna bail and Anyway, the main point I want to cover here So we get to that click on the more button go to the learning center Go to strategies and setups in here and then the flag pattern This is a continuation pattern and we go through these elements in here that Make up the pattern and the order flow elements Okay, because the candlestick charts it's not going to show you these details It's not going to show you liquidity and this is what we want to understand because the the name flag does not matter It is all about the traders behavior within here that we want to understand and measure That will give us the high probability Higher probability setup Okay, so we go through the process in here in a diagram then seen it in book map and then Here we have the checklist. All right, so you can even go to resources Underneath and click on this link here and access the checklist now. The cool thing is developers actually Created a nice new little product which if you're part of the book map Academy we can give you access to this It is setups checklist here Open it up and we can grade and check out our pattern on the fly As we're going through it in here So let's import Flag pattern default Okay, here we go. All right, so As we go through and read the order flow in here We have something to grade it now and and have a checklist right in front of us. Is it there? Is this behavior that we're looking for identifying trap traders and developing scenarios around them? Okay, is it making sense? It will we did number one in here or this one here identifying the trap traders now we're developing scenarios around it In fact, it looks like it really wants to break out at this point and trade up into higher areas here But we were just staying away from it. It's just you know, we they're not bidding up underneath That's one of the things we're looking for for a continuation move And they're not It's dark in here sellers come in they're able to come all the way back down to here and Our hit that liquidity level we were looking at earlier All right, so this is the process of going through this here And looking for like steep move Strong relative volume. This is what is going to make this foundation for a really healthy trade Because all of the things in here are a Building Toward a potential move And that makes a big big difference Okay, now you're not just like looking at small little things in here for a move You're you're looking at more holistic picture in here and understanding the behavior in here and Then leaning upon that For a potential move and and that is a nice thing so And if we don't see it, then why would you want to lean on it? Hey, you want you want a good foundation a strong foundation and You know take take the best trades and learn to pass on other ones D&T matter had mentioned that he's gonna pass For now, it's just not really looking that good. It's not that convincing for us to Really kind of come up with a cohesive plan here Hey, I mean that we're looking for the fade not much of a fade but a fade From the top edge here because this was a very strong move. You need to take a break Well, we got that that it you know, it took a little bit it hit to the high here three times and then finally Dropped and then we're right back in this rain came right back up to the high so There are buyers still in here and there are still sellers in here, too and so It's it's a more of a challenging read in here And we don't have a lot of order flow pieces in here either It was good to see them on the bid down here Especially coming back in and we know can note the the how the market reacted to that They came back up and to near this liquidity up in here, and then we're right back down again and All right You see if any questions here. We're not able to get your setups checklist to work Rob Yeah, I'm I don't know. Did you reach out to support they I'm sorry. I'm not sure why How about YouTube? How can you get paid when your limit is filled? as far Well, it depends like it It's me. You know some some of the markets are maker-taker Meaning if you make the market you provide the quiddity you won't get a commission but That means you have to you know have a limit buy on the best bid And our best yeah on the best bid and then our limit sell on the best offer Hey at the best you might not get filled Etc right so and met most times with limit orders like that The only way that you get filled is if it goes against you So that's a that's a part of the strategy using your limit orders Can we give? Premium and discount levels like footprint Well, you can read the I go to the website and read about that Black Friday event Well, I'm sorry it looks like more of a teaser Look look for that in the next next few days though I'm Black Friday is next next Thursday or our next Friday. Sorry See anything else? Yeah, yeah shark blue you you'll get access to as an Academy applicant you get access to it. Yeah That's the beauty of it. Right. So Let me show you that as well. So go to book map calm Click on the more button and then go to book map Academy here that'll bring you right to the Academy page and Read about it here. You can see what you get in here right here Access to pre-release new products and add-ons We're gonna we're gonna give you access to not only this setups checklist in here You're also gonna get access to the Market pulse tool And actually market pulse tool might be a really good thing to demo with this kind of odd Market here So yeah, well, we'll do let's let's do that. Let's dig in deeper because what we're looking at is really some very choppy odd action with weird order flow and You know looking looking forward like in in these areas in here. There's no one in control There's buyers up here. There's sellers here. There's some buyers up here. There's sellers here, right? In fact, maybe there's a bit more selling in here now and we just made a lower high here Okay, so what you can look for In your range bound trading is a move up into these areas here and then sellers to take it down And just like they're doing right now, so, you know We're reading the order flow or that I'm sorry the transactions in here And then we're looking for these moves to unfold Right and then we're looking for this also to potentially fail Buyers come back in and then right back up into not only the middle of the range to the other side of the range They may be up into 24 25 And so this would be a failed breakdown. So it's it's really choppy action in here So yeah, we can look look for that kind of behavior in here. And what do we look for? All right. Well, we're looking for this Fires back up above it right there. Okay at 20 and a quarter or 20 and a half a Big green dot looking for the book to maybe bid up in these areas in here and we're not getting it right now at all So Anyway, some considerations right in this range bound market or range bound time frame I should say Right look at that selling in here Boy, that looks like a beautiful trap if they if these sellers can't move that market lower Watch this watch that right here at 20 should get a big green dot and they'll lift it really quickly and Likely the next step would be stop would be maybe here at 21 and a half or maybe up up here at the around the 23 level And well, no, we didn't get it You didn't get that big green dot, but we still can This is still wide open and hold on a minute check some things Now put this Academy link into the There for you got a bunch of links for you. Oh, here you go in YouTube And what was the other one in here? Oh, yeah, the the Flag pattern in here we can go to strategies and setups You can come here Put this in there for you Hey and What else? Oh Just book map calm in general to see the Black Friday Okay All right. All right, so let's jump jump in here now. We didn't get that scenario in here the buyers Didn't show up in that didn't unfold. Hey, so we can see sellers are still dropping it here now with would there be an opportunity to You know short in here, you know sell sell this breakdown. Yeah, there could be but It's not many points in here. This is what I don't like in this in this move to the downside so Now we're getting our scenario here right it just had to drop maybe a few more times and Now we're getting our scenario. Hey, so it's starting to unfold. Let's see if we can get more here It's really back and forth in here, but we pretty pretty strong buying just came in Okay, now we're looking for another retest back up there. Let's look at the microstructure in here and let's see Hey No, nothing nothing sellers sellers. There's a little bit of buying, but we don't want to see it down there No, don't want to see that Okay, we're looking for only one scenario right now. Okay, we're looking for buyers to come in and Then lift it back up Hey, here we go now. Let's see if we get a little bit more up here. No not yet. We need to see the auction up here at this 19 or 1875 Nothing Nothing Hey, do we see a trap in here? Yeah, maybe maybe still got to get up here and you see a big green dot it's trying and Nothing Okay, there they go. All right, do we get the book helping us out? Not really The book isn't really helping us here. Yeah, I mean See if we can get some momentum back up into 20 and a half here, but this doesn't have all the pieces either For a move like that. Right. So I don't think it's ready And therefore, you know, if I don't see it in the order flowing here, you don't have a piece of the puzzle Okay, there's some exhaustion. Let's see if we get more buyers up here now in a retest and that would be helpful and Let's see if we get our order book here to comply a little bit. Yeah, not that don't like it I mean, it's Kind of nibbles away, but we're not seeing the the skew in that order book in here so even this microstructure or smaller time frame here is is Little challenging to read here's a little bit more up here at 20. This is looking good. All right So, let's see if we can get sellers drive it right back down now a bottom bottom of the range it did auction down here So sellers can drive it down there Let's see if we we get that And we have the potential trapping all the buying in here and in here now Hey, oh looking for we're getting exhaustion lower highs looking for sellers here 1875 No, it's just convoluted yet again. They're adding on the bid down here. They're Adding a little bit on the offer up here Yeah, nothing nothing real good All right. Well, let's let's try it. Let's try another strategy or tactic in here Let's jump into that market pulse tool you guys From the Academy have access to this so We're also gonna have another trader map pro so a trader Pete I know that you'd like the trader map pro tool. I I do too. I love it But we will go over that in the near future as well the new features and Let's add our market pulse Okay. Yeah, maybe we get something out of this with With a different Different markets different correlated markets in here Hey, so Let's look at Let's get rid of this. Let's look at Yes All right, so now what this a Lot of you guys know that are very familiar with this this indicator here the volume pressure So we're looking at buyer sellers on top here buyers buyers below And then that pressure picks up it'll cross that threshold here and we'll get a noise a sound alert And let's see if actually get it on that sell side here Yeah, yeah starting to hit now. This is what we want to look at though It's selling and we know the sellers are coming in we can see him and it's it's kind of reaching a peak here though Now is it reaching a selling peak into an area of liquidity? Yeah, kind of and is it at a zone or an area in the price structure It's not bad. We'd like to see it a little bit better than that You know someplace down here would be better at 15 or so So You know, maybe maybe we're not looking for it now Now what we can do as we go back in time we can look at these little areas in here where the green The buying Across that threshold and it and you can see it in here on the on the chart the red Or the selling crosses the threshold. You'll see it here on the chart as well Okay, so good good stuff in here now. Let's align it with potential strategies in here We'll pull back to this level in here price structure Okay, I structure Pull back is right here. We have a lot of buying Okay, not bad. You would have caught the top of it here and and and then maybe you could sell it down in here No or bottom of a range in here. Hey, what about this one here? Well, that one's pretty good, too This one selling right below the range and our buyers coming in back to top of the range here Hey, so this is a how one one way to start to understand and use this tool Hey, what about the selling up here? Okay. Yeah, really really down below this This is what we're looking at earlier now. We could use that at that time We're looking for our sellers down into this area here. We have our market polls confirmation as well on the volume pressure And so maybe we can get a move back up into the range or other side of the range and get another extreme reading We do but it's way over here after a lot of other stuff has unfolded Okay, so what we're doing in here is we're looking at ranges for price structure and volume pressure at the extremes Very simple That's it And we're looking for the liquidity as well to be filled in these areas in here. That's the context part All right, so let's see. What else can we go over? Here come the buyers back in all right, so now again, let's I mean, that's a that's a nice little move in here, but is it is it trading into high liquidity a little bit in here All right Well, let's see if we can get now sellers then above this range in here sellers drive it right back down Maybe into the high volume node or the other side here around this 17 and three quarters Hey, this would be your false breakdown or breakout and looking for a trap And we're looking at this volume pressure to be peaking at that time Okay, that's one way to start to align these And start to put that put together a potential potential strategy Okay, so that's volume pressure now what we can also do is We've got this for the ES. I don't know if you guys have been playing around with this Academy members we can create a new one in here and I really like this one We can add in a volume pressure But we'll click on the ES. I'm sorry on the new one here We'll click on volume pressure and Then we're gonna look at the Russell the ES and the NQ all together Okay, and That's it. So we have three very correlated markets slightly different but Pretty pretty correlated markets and we're gonna look and see if that volume pressure Matches the ES at that time Okay, so maybe the Nasdaq's leading or maybe the the Russell is leading And then we can look for when that might start to hit and then Maybe that gives us insight to when the ES might start to hit as well Yeah, it's not it's not so volatile. I think a Banger trader is just it's just a Really back and forth in here now there goes our selling here and the ES has not picked up yet So let's see We already got a pullback here on that ES as well All right, is that enough or is that is that does something to be worried about here? Hey, there they go again. All right. Yeah, I'm actually looking for the selling the selling to continue here on this one Let's see if we can get it. We have not seen the ES Hit that that level in here. See we have both lines in here. This line here is for The three different markets that we have the Russell Nasdaq and S&P okay, there there's an order book in balance. We've got sellers. They should be able to drop it down into 16 now That was very very quick, but this is what we saw right we saw the reaction to this liquidity up here selling We already knew that we're selling in here before now. We're looking for continuation Down into 16 And this is driving nuts. I love it. I love the the sounds. It's just a little much here. I got a down the volume We got down to 17 just the the bottom of the range here that was it All right, any any questions on this volume polls market pulls volume pressure Well, it actually worked out pretty well even down here Looking for the continuation and that that's something to take away and learn from this in here Okay, even the even the correlated markets turned around Okay, but they did give us they see, you know hearing the the Russell ES and NQ together Did give us this potential move To the bottom of the range to the 17 level before the ES started to hit Hey, so that was good We can see it in here as well You can see this this line in here is the ES and then the one that was turning red in here is the The three three markets All right, so Something to consider it another thing that I remember we were developing this We wanted to Shoot I need to add a hang on a sec You can look at your stocks as well your bellwether stocks Magnificent seven, you know fang whatever it is and Let's go okay and I need to come up and select it now DX feed and then Let's add a few stocks Google is one of them Apple and Vidya Now you get the idea And Now we need to add that into a synthetic instrument. Let's do it And let's edit this one here. It's not allowing me. Let's create a new one Right, it's only on futures instruments at the at the moment here. I think should be for all instruments hold on Yeah, I don't have access to it. That's a pity Anyway, you guys get the idea Adding a multi multi-choice instruments, that's what it's called a multi multi-choice Okay, boy heck of a session All right, well, you know just just reading the order flow again in here like I don't know It's it's really back and forth But I'm looking for these sellers in here now I know we're at kind of the bottom of the range already But I'm still looking for them to press into 17 and try to break into 14 We made a slightly Lower highs and lower lows in here So just looking for those sellers to come in and maybe we can do this now We don't have the order book again at our back And that's not good Hey, so that's where you can get these these buyers whip it right back up here again But we can look for a pullback in these areas in here. They see this buying in here Let's see if we get sellers right here, and then the move to 17 and 16 Okay, we got our pullback Rob, why why isn't this pullback working right now? I have a you know a question for you It probably will now That's a it's a different a different answer Not great Rob. Yeah, this is great. Look at this. Okay, so you you've been putting together some of your content here This looks great excellent Yeah See, I mean, you know Reading these these moves in here now This is a this is an odd one in here like we said look at all that buying in here as well But you're you're looking for these strong moves in here that this the steep move the Angle has to be steep you're looking for strong consistent cell volume through this move though, right? That's where it gets weird and Definitely a steep move in here and and move the market away Yeah, so I mean this is this is the big takeaway in here about these steep moves in here And here's your measured move. She's really nice. It's good stuff And the potential flag in here, but we just didn't we kind of stayed away from it for a number of reasons for that flag pattern We just didn't have all those pieces in here in the order flow to to make this you know really kind of Simple for us and if it isn't simple we just to stay away So anyway really Commend you this is this is looking much much cleaner much much better And you're looking for you're going through these scenarios in here, too This is what it looks like Okay, but now go back in and read in here like why didn't it work potentially? Well, you know One of the things is trap traders Okay, now, maybe it will in a bigger picture In fact like all of this could be trapped in here, right? So That's possible Now that would mean buyers up here would really have to pick up the the volume Okay around this 45 24 level if we do 30 or even, you know 40 would be I imagine be able to hit that pretty Pretty quickly Okay, so let's take a look All right. Well, here we go Hey Yeah, pretty pretty steep move Already see this little kink in it here. We've already pulled back to it. Hey now again looking for our buyers now They're pulling here. They're adding a little bit on the off on the bid Hey, so yeah looking for our buyers And you know it I'm looking for the move higher here because of that that pulling and adding in here Again, I it's not something I would put risk on though. I'm looking for that move to unfold But it's just we're up pretty high and Yeah, I just don't feel comfortable about it Okay, it has to it has to really work for us right now And right away and do I really want to lean on all of that in here? It's not enough You know, I'd really have to see Maybe another trap in here for example in that flag pattern Right, so there's there's just not enough in here But we will still look for this to go higher Okay, and it's mostly this strong move and it broke above here Let's just come back up and retest it up here though. Okay, so go through your checklist and And I know you don't have access to it, but You do have access to it from the learning center Right from that learning center you can go here flag pattern resources All right, let's let's add in the another market pulls to guys. It's just sorry I mean, you know, we'd we'd be more enthusiastic with really good price action We're just not not seeing it in here And when we don't see that like boy, you can see the chop right so Is it is it worth it to you know put on risk to get just a couple of points in here really Maybe it's like three points And Yeah, I don't not not for me. All right. This is interesting here. We got a pullback here top of the range Hey, we do have some liquidity in here And we do see some buying in here. Here we go now big green dot Looking for it and then move right back up to the top now This is another way to look at this flag pattern on And maybe you're not looking for it to come up into 24 25 You're just looking for it to come up to the top of the range here And then reduce your risk so there's different ways of looking at it here Because yeah strong move but look at there's a little bit of chop in here You know here this the pullback is pretty steep It's off to the off of the top of this range in here But we have some liquidity in here And we do start to see some of the buying back up above here Okay, so You know, it's it's short lived all it did was come up and test the top of this little range We didn't get the top of the bigger one here at least not yet But yeah, just seeing this back and forth again in here. I don't see an opportunity In the order. Let's try our other Market pulse indicator here. All right So we went over volume pressure Now the support and resistance in here we went over this the other day as well It's Based on the order book and it's going to be renamed. It's going to it's going to be called is the order book pressure And we get let's let's also add With or order book pressure in here or support resistance. Let's add in a few more markets here I'll take a look It's still loading But it just looks horrible in here. You go either way very very easily All right. Well, we can look at a potential trap again. That's really all we have We have the stronger move over here looking for the potential trap. Here's our false breakdown and then we're looking for our buyers and Let's see it If they can not only trade back to the top of this range, you got to trade above it Back up into twenty two or twenty three and you can see we're getting our answer Sellers came in just just move the market quickly. You just need to get your crystal ball back from Rob. That's so untrue like a Can we please fix the market? Yeah, I know what you mean shark blue as soon as you you move and you go away from the market it starts to move Yeah, no Chris the crystal ball thing it's so not the case Rob I mean it really isn't like you've been in here for for a while like If we just the more objective we are at reading this order flow the more likely the move will unfold You know it don't get caught up in it Don't don't really try to you know lean on all of this previous market behavior in here All I know I know it's you're joking. I know but like really it it's it's about Understanding this behavior of the players in here And it's like kind of being on the floor almost I've had you know early on We were demoing book map to floor traders and This was the first time they felt like they were kind of back in the game Because they can kind of read the behavior in here All right. Well, this is an interesting one So maybe we're gonna get our bigger move here to the downside into our 14 level finally That we were looking for over here. That's a lot of selling. All right. Let's see. What else do we have going on a? Disgusting price action. Yeah, it's not fun. I mean like It's just you keep looking at it and you keep thinking well Maybe we got it here. Maybe we got it there and we just don't and You know that just tells you something though, you know, sometimes we look for something very clean and clear and some of those worked out but Some of them didn't right and we did and we knew we didn't have all the pieces either This is one of the reasons why you know, I think the looking for the trap traders is a good one a Really good one because you know that they're gonna be buyers. They have to be to exit The sellers will have to be buyers And vice versa. All right. We finally got down to our 14 level here Interesting to see this in in the market polls, too We'll see how they're pulling on the bid and adding on the offer We had that order book skew in here and here we go one more. Let's see it sellers hit into maybe 12 or 10 All right, we'll see all the selling in here Controlling the market moving it lower Started up here so Let's look at five opposite scenario here if you can get the sellers up upside down and and have this work against them here Here we go. Now this this would be the squeeze is on. Let's see Yeah, it's it's set up nicely the squeeze will really be on up here So we might get a nice move here actually So above 16 Go Let's see it buyers Let's see it would love to see it and love to see a really nice steep move up into the the swing up here And really test these sellers up in here. Maybe 20 as well Now this is the tricky part though on these. Yeah, we've got a trap here. It's there It's also building here as well right now on the buy side Right, so the other scenario we want to be very careful about in here is the sellers coming in below this 15 level here We want to see who's gonna win this battle and sellers are coming in all right sellers You've got it here. You've got these guys there. They will have to sell Let's see if you can squeeze them And no can't can't do it back to the buyers All right buyers now I would I would now we have a little bit of order book see the support here All right buyers now you've you've really got it here You've got the the selling in here This is where we're looking for a move pretty pretty straight right up into like 18 or 19 here Okay, and we did have the order book on our side as well Okay, now that happened quickly right? But that's kind of the environment we have going right now We're looking for that scenario. It started to play out and And then up here was the the first target Okay, so Anyway, it's at least we saw something good in here and this order book in here. See how them how much that helped us In here that gave us the insight That once we start to see the buyers in here We should get a steep move should see the stop run and let's double check the stop run should see it and Actually, we we don't Nothing significant that's for sure Significant stop run was on the way down Okay, so that means that the Sellers are still in here watch this up in here if we can get above these guys up here And now there is a lot of selling in there. So that's where the squeeze This is where the buyers want to start the squeeze and get up here into this area here first And then the question is can they continue now now again? Let's take a look at the 80 or ATR in here That's pretty strong move. I think we're gonna look for a little bit of a break right now Some profit taking a little bit of a pullback. Maybe sellers starting to sell more up here Etc. Oh, thanks second wins. Like it's it's it, you know, these are like pretty quick moves and jumping in there pretty pretty quickly and One of the things to kind of note though like how we we kind of saw that and you know Like I said pretty pretty quick, but there's there's many things that could have unfolded here the In hindsight, it's really easy To look at some of these some of these things, but with the order of flow you can look at in real time and then once it starts to play out you're looking for it to to happen pretty quickly the Well Yeah, I mean you can just see so much more compared to your candlesticks in here And you you don't understand why your candlestick would do that if you don't have the volume and and the Limit orders in here to give you that kind of guidance to the potential move unfolding Right, so that that's why it's important to read the order flow Right because what kind of pattern is this in here? I mean like you know here's it's kind of a it's not a V bottom, but Basically moved to the downside a little bit of chopping around in here And then the then a breakout here now our trend line broke here and our range broke up here So now we're kind of hacking around again Right now there's a potential Trap right here see the sell dots in here And and where did it go look at that little kind of you know notch in here in price You know went up pulled back a little bit and then went up That's exactly where the pullback has come Rob. This is right up your alley in here You've been looking at these for a while In fact, you've been looking at really deep pullbacks into something like right here and a high volume node for example Yeah, I Don't like it as much the reason being is that It's a very strong pullback at that point. I would rather see a strong move slight pullback and then strong move Right, so I would rather look for that. I think it's easier You're looking for these momentum plays and that that's why I wanted you to just study and get good at these Some of these these moves in here Right these these stronger moves in here. Yeah, anyway, right and now let's see if we get it another Strong move in here now. We're you know again Pullback is I think you know Likely here Hey, something like this maybe down to here And then we get our we get another strong move All right, that's a potential scenario here. They just by understanding these ranges and these measured moves in here Hey, so here's our pullback Hey, now, what do we have in here now? Well, the bid is yeah, there's a little bit on the bid. It's not bad. It's not great though And then let's see if we can get our buyers come come in here And nothing Okay, so here we go. There's some selling On the bid 18 and a half Hey, now it It starts to set up for looking for the big green dot up here and then to pull it right back up into Top of the range and then maybe more Hey, now, it's we're not getting it, but it it's still possible here Right. There's even a better trap now Okay, so we're just coming back down to the bottom of the range in here. All right, let's see You see see how this is where that selling came in here and this move here Which is not really an impulse move, but you know It's a strong the stronger move in here that we need to get back up above it though So we need to really get back up above 19 and it's looking just horrible in here Look at there's liquidity on both sides in here and let's see if we can get it if not Likely we can come back down into the 17 and Maybe lower Let me show you another one in here So we have our support and resistance or order book and balance a looking at this order book here very very quickly If we we can look at five minutes of sliding data ten second Half-life and then four intervals price intervals Very very simple indicator and just now we're looking for Order book and balance to align with some of our levels in here At the bottom of the range They below the swings here and do we see sellers in here? No, we don't so we don't have a Squeeze this if we do get a squeeze it has to be up here at 19 Nothing look they're actually pulling on the bid adding on the offer Okay, so now this is looking better though for for that possible squeeze So let's see we can go through a few things in here now This is not a trade recommendation, but it's just The concept in here of like this is the stronger move in here But we have a small range if we can get buyers in here you can trade it back up to The top of the range and then look for the follow through to the upside here now do we have a lot of pieces in here? They're starting to pull a little bit here, but Yeah, it's not the greatest There's the the bid is showing here at 17 and there's kind of dark in here so it can get filled in pretty easily Yeah, I just started to see them pull in here and that kind of like thought well, maybe maybe we'll get it Okay, so what they're still buying pressure in here Hey, well, I want to see these guys pull else, you know, I'm not looking for it. So yeah starting to now. All right See if we can get the bid a little bit stronger in here No, no the rotation You can see what we're doing in here though is like reading and starting to look for like who's Who's trading and and where you know identifying sellers identifying buyers and where they're gonna be really Squeezed Okay, like if we don't see a lot of sellers in here, we're not really looking for a good squeeze then You know especially below the range get all these break down traders And then right away back into the range you get you get those buyers then and then you can look for these moves to the Other side. All right, you're welcome. Oh, you're you're new to book map. Um, can I explain the trap? Yeah, we're looking at The the transactions in here and we're looking at where You know traders, so look this is the squeeze we're talking about now. We I'm I'm kind of leery of it to be honest And here's here's why like I mean it is it is within the the This this bigger move to the upside There's some trap traders in here, but this kind of buying I want to see that kind of selling down here for this to be a good squeeze Okay, so identifying the Buyers and sellers in here the aggressors Okay, and then looking for where you know They're they're gonna have to be buyers and it's gonna be all through this area up in here. They'll have to be buyers Okay, so we should get the squeeze here The selling in here though is really not the best And that's what that's what makes me kind of leery about it because now it might be the opposite case in here That this this buying is the squeeze But they're not they're not so far. So yeah, I'm looking for buyers to still continue higher and I want to see them pull on the bid There they go. They're pulling on the bid here with our market pulse adding a little bit more on the Pulling on the offer adding on the bid getting our buyers in here Yeah, let's see it right up into this 21 level here Yeah, and this one here. We're not looking for quite like the steep quick move in in here The reason being is this is this behavior here on the offer is pretty back and forth Okay, whereas before it's that was a bit easier read. I thought now see them adding on the offer pulling on the bid It could flip it could flip back, but Yeah, I'm really like to see this here because this is our Yeah, it's looking actually better on that if I zoom out a little bit more. It looks pretty good actually Now now like I really want to see these guys squeezed here looking pretty good for the buy side And do we have now do we have room to move in here? Yeah, we do So maybe we can move up to about 22 and a half Okay, so we're just about at our 21 level there we go So that would be for me at least take some off at 21. That was the move I was looking for But now if I re-evaluated in here, it's it's it's pretty good here It's actually starting to kind of show this the cell cluster a little bit better And then I can see that I can just You know look for this continuation move. There's still more fuel in the tank here like this kind of move here And this kind of move here. Well, maybe we can get something a little bit bigger in between the two here So and that would match up into like this 22 and a half area here Okay, but anyway Again it's going through this checklist in here and understanding What exactly you're looking for I just highly recommend it guys go go check out that Learning center and it will go through these for you And what to look for and this is a great tool in here to help you stay on the right side And now it's not always gonna work But this is a good starting point and We want as much on our side as we can. I mean like I Was making the analogy that these are like football players or you know baseball players or something You have your star players here and they they look good Like a star player would be like a eight to a ten in here When you look at this, you know identifying that potential trap identifying the The steep move and then the relative volume right and then you want that on your side and What the more that you get on your side in here the more likely that it'll work I mean just think of like your sports teams, you know some of the the The best teams maybe these sometimes some games they have bad luck Or some aren't you know, it's looking pretty good, but they're just not playing too well that day Or something weird happens like One of them get in injured or something I Hope the analogy makes sense. It's You know you have that star team It is more likely you're gonna win all right Hi guys, well anyway, let's say we're coming to the European close here just ending up and This was our session here So not not a whole lot to look at and We went through a few market pulse tools getting a little bit of insight in here But you know, we were looking for something more concrete for these moves to unfold We even zoomed in looking for you know something more and just didn't get it And some of them we did you know, I shouldn't say that Some of the some of these moves we we were looking for they did unfold And we had some of the pieces in here or we had more of the pieces for the setup then then Others and that that's what helped us Look for something a little bit better Right because like this one here for example, well, you would have been stopped out now Okay, but this is where you like we would have taken some off up here, right? Looking for 21 taking some off Putting your stop at break even get stopped out at break even you know you don't know and Look for the next setup and at least you didn't you made some money You it's it's about the risk management at that point We didn't take the greatest setup So, you know, we got something out of it and look for a better one Anyway, you can find all that stuff on the in the learning center like I said in here under this Strategies and setups course right here. Okay, so I'll put that in the chat again for you guys Okay, and then if you if you're interested in joining the Bookmap Academy you can get the market post tools here. These are in beta right now. You can get them for free for a bit and also the setups Checklist here, you'll also get that for free All right. Oh, yeah We we want to offer beta to you guys So that you can play around with stuff before others get it and create some content around it. Try to try to find an edge before others do Right. Yeah. Thanks. Thanks everybody. Thanks for coming. Wish you a good weekend. I wish we had better price action. We didn't. But if you If you like, you know hit the like button and Come back on Monday. We'll go through all of this again. We'll look for I mean that boy We had some really nice moves on this daily chart and looking for those those higher higher highs and Back up into these areas here and this chop does make sense And I'm surprised though looking at this 15 minute chart that this is it really like we did get the move down To here 14 we were looking for that due to what we saw in here retested and couldn't make it so that that made some sense but Then we're looking for maybe a move back up here and you can you can just look at this is the looking pretty horrible so anyway, that's what we have and That's that's the market during this session. Thanks for coming everybody have a good weekend and we'll catch up with you on Monday. All right. Bye. Bye