 Hello ladies and gentlemen fellow traders, this is Thao Stow from Cybertrain University Just want to do another round of teaching and educating all of you regarding how to spot iceberg orders so what we do here at Cybertrain University and we are showcasing and showing you again the book viewer which is right here on the left-hand side we like to call it the level 3 screen Which is where you get to see where are the institutions all the dominating Market makers you know hiding and putting their orders and something called an ECN If you subscribe to our channel You'll see a couple of alerts and I talk about what our ECNs, but I want to kind of showcase What we're looking at right here and trying to educate Everybody to show how we use these tools and and why this is so important and why a lot of you are trading blind and I want to point out microsoft because Microsoft you could see we're looking at two over here on the right We have two charts. We have a one-minute chart and we have a one-day chart and what really Stands out here if you look at the intraday chart appear up on top You'll notice that there is a big big support levels Right around here the stock has been hovering here from 10 o'clock Up until 10 30 up until you know 10 44 in the morning and then even right now Up until 3 30 and you're trying to figure out like why is this stock having of tough time going past 164 It had every time it hits it it goes back to 165 comes back to 164 goes back to 165 Then it went all the way up to 166 and then it came back down But why 164? Well, it's very simple ladies and gentlemen buyers What makes support levels on a chart Are buyers unfortunately you can't see the buyers on the chart That is what happened in the past the only way to see And that is what's indicative of the future Is seeing the orders that are out there and that's why we're looking at the nasdaq book viewer and if you look over here Remember as the stock is trending down You're looking for buyers and the buyers are right here on the buy side over here on the left And we've got three columns. You've got orders chairs and bids There is a order at every single penny 100 chairs are going to be bought at 164 39 1,400 as you're working way down But you'll notice out of all those orders you got to work all the way down to Finding where the next predominant order is and if you look right here You don't see anything unless I scroll down And then voila You have 297 orders out there that make up 21 596 shares at 164 Now listen if you look over here going back you got orders hundred chairs you got One order three orders four orders, you know two orders, but when you work your way down, this is like almost like black and white Well that ladies and gentlemen fellow traders Explains why the stock is having a tough time breaking 164 so to answer your question that when you're looking at a important resistance levels and you're trying to figure out Is it going to go past it? Will it break it or will it be a support? Well, ask yourself. Did you go see who's out there buying it with you? Because when I was trained being a market maker, I was always taught that it didn't matter what fowl still thought It matters what they thought Okay, you're not trading 21,000 shares of 164 dollar stock Making up over 299 different people out there that are making up that order So the thing is if you want to know how to trade the market You first got to learn how to follow the market. You want to learn how to follow the market? You follow the money So to find more videos like this ladies and gentlemen Just click on the like on the bottom if you like this video and just click subscribe And I'll be sending more videos and more alerts to see more What we call here at Cybertree University iceberg orders, which are big block orders So you can identify these orders so you can help you in today's market conditions Thanks for watching and look forward to seeing you on my upcoming videos