 Good morning traders and welcome to the book map live trading webinar with Bruce so the We're gonna go trading webinar with we're gonna go through Trader map pro today and also some correlations as requested by a trader but Let's just go through here. So we do this webinar every Monday Tuesday and Friday and This is the Basics webinar. Well, it's the advanced webinar, but it's going through a variety of of markets and We're gonna Go through order flow in general We want to understand like how to read it and apply it to These markets and this way it doesn't really matter what you trade You want to look at your levels and you want to start to understand what's happening In the auction at that point and that's where this is gonna be really helpful. All right, so Let's go through the disclosures and we'll jump right in all book map limited materials information and presentations are for educational purposes only and should not be Considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and it's not suitable for all investors Pass performance is not necessarily indicative of future results. All right, so let's jump in. Let's take a look here and I guess I'll start off with any questions you guys had from the understanding Absorption we went over absorption exhaustion we went over a lot of things in the last few webinars earlier this week So, let me know if you have any questions we can start there We just had some data here as you can see Liquority dries up. It's actually interesting to see here in the ES That liquidity stayed in the markets in these areas here and they are Transacting as well. That is meaningful. All right 4167 or 8 Here's a little stop run above that area. All right, so it's getting really interesting Up in these levels here All right, let's take a step back. Let's look at the bigger picture before we dive too much into the order flow here All right, so Here we have the daily on the left-hand side the hourly in the middle and the 15 minute on the right All right, so what have we seen on the daily? Let's start there Big move down earlier in the week. We were waiting for this Actually Monday and Tuesday we covered this we were looking for we saw the outside of You know these three wicks here. We saw the outside move We were looking for it to come down and at least come to this kind of 41 10 And the bottom of these wicks as well Around 4100 Yeah, 4100 is what we're looking for it went below it You guys can see where it went it went down to the top of these wicks here It also shares some wicks over here. This is not coincidence. This happens all the time And and then we see the bounce out of that area. Okay, so Big move down big gap right here as you can see in the hourly Here's the move down. Here's the gap and the move up Hey yesterday big move up And look where it gapped Hey, this this is a pretty wicked move on the way up It opened here up into these wicks and it it kind of went above it and went below it And then it just rocketed to the upside This is a really wicked move it came up into these wicks filled the gap went above it and then close back down below it You can see it better here on the 15 minute chart You know, so anyone that's like, oh, you know, the markets are going to hell in a hand basket and Put my stop up here. You're all stopped out You know thinking oh, this is such a big move driving move away from the peak or away from all of this Consolidation up here And what does it do it comes right back into it? All right now? We have really complex markets right now with the data with with geopolitical concerns There's a lot going on and That's fine We just want to understand our specific levels and we want to understand the order flow around them The transactions and the order book. All right, so what do we see right now? Well, the daily looks pretty bullish The hourly looks pretty bullish and so does the 15 minute right now right now at least Alright, so we see that all of them are up, but we're coming right up into this level here of 41 65 yesterday's high and We want to see if if there's still momentum here and it looks like it. All right, so We're well, we're right up. We're trading right up into it here This 41 65 as you can see and there's no question about it. They are staying in the order book getting filled here All right. This is giving us a lot of insight Okay, so let's see Let's see these transactions take place We also know there we go stop run and also look at this icebergs and stops Just above it here All right So now the big question is we can even look back at our higher time frame here And the hourly is do we still have momentum? Does it accept above and does it do we still see buying pressure if so? Next area would be looking for this 41 71 to 73 or 4 and there's another little gap up there and You know if if this strength can continue today, we can see it come up into these wicks Hey, maybe even 4200 but Anyway, we're seeing strength at the moment and we're gonna just you know continue to go with it all right And yeah, so we're already up to 70 and we said 74 Happens to be liquidity up here as well right at 74 Okay, so yeah, that's that's it basically So the Yeah interesting breakout here and let's let's just take a look at the liquidity in here so you can see Prior to the to the data these levels up in here of liquidity high liquidity It some of it pulls during the release, but we mentioned here at 58 and 60 they stayed in the book and they did transact Okay, so and then it came up in a 65 here. We're watching this transact As well and we're looking for basically a stop run above it I didn't think it would pop up to 70 immediately like this But it did and now look at the bid so the bid is still strong here So what we're still looking for aggressors to carry this up into our 74 level All right for this moment All right, we have strong momentum We're finding the buyers here so far. So what there's nothing else to really cover and until we see the maybe exhaustion on the Buy side here and sellers start to come in and we'll note it one once that starts to unfold Okay, we're also noting on the way up Hey Traders on the on the offer getting filled in these areas here. Okay, so And here we come up towards well trading into 72 Okay starting to pull there Okay, 72 on the on the bid now and it just transacted Okay, we so we found some sellers here now Okay, and 74 just hovering above here. All right. No questions this morning Which is fine? All right, there's a there's a larger player just dumping right now. This is a wicked move We've seen this move multiple times in the last Several weeks This is a larger player coming in and just hitting the sell button And then look at the this it's a stop run as well on the way down Let's let's just turn the stops and icebergs on for a moment here and then what we're gonna turn them off though because We're gonna go through the trader map pro There we go. Yeah, this is that that wicked move. We saw it. We've seen again and again and this is how You know the stops and icebergs can can certainly help you here We have larger player come in Just dumps on to the bid And then triggers any stops within that area and they all get filled down here 98 or I'm sorry 93 of them get all filled down in this little area here And then the they throw an order on the offer immediately high liquidity here 320 contracts and an iceberg Okay, so it's not just 320 contracts because there's 1594 that got executed here as well All right, so there's a larger player with an iceberg order getting filled here And got his full size on fully executed iceberg order for 1594 All right, so that's gonna give us some insight And and then you can see that. Yeah, this really this shifted the market at this point Okay, so this is it gonna be an important area. We want to take a look at around this these levels here Okay, so are we gonna accept or reject above or below this little zone here All right, so good morning, Michael. Yeah dumped a 1406 altogether Yeah Yeah, and we could move really it's pretty pretty nasty stuff You know getting filled it's a guaranteed way to get to get filled basically And and there's nothing illegal about it They're not spoofing. They're not manipulating the book. They just had size. They hit market sell They know they're gonna trigger some stops a larger player knows that And and then they can get filled here, too They just throw their icebergs immediately or limit orders or both Immediately on the offer after the move because you're gonna get people who want to want to try to fill that area in Well, they're gonna make sure that they get their fill in that area Okay, this is exactly why we have these webinars and this is where book map really shines Because it can show you this information here It can show you the details of what's going on in the auction Try looking at some other products out there. They're just not gonna show this It's just not gonna happen. We have a much deeper insight to what's going on within this market and this particular player here Trying to shift the market away Okay, now it's one player Okay At least that's what we think But it had a dramatic effect and it's a large player It had a dramatic effect here. The markets are big though So you can see we've seen this happen many times that it just This kind of fades into the background and you get more buyers coming back in Up at a higher level and 74 trades But you know they got what they wanted here And there's there's nothing illegal about what they did Okay, there's no spoofing. They're just fast They just have very very fast execution and timed it very well with their icebergs All right, so anyway, let's see how the market reacts to this and We're getting up into those areas here though 74 and Yeah, I think we're probably gonna get some I imagine we're gonna get some profit taking up at this point and we're also gonna see some Maybe some sellers enter into the market. Okay, we have already seen some of that right here Okay, so that's already giving us clues and insight to what's happening Look at the order book now here. Okay, and this is there's one particular player in here as well It looks like because they have multiple Contracts probably about I don't know 40 or 50 at each level here on Five levels it looks like one two three four. I'm sorry four levels. Okay, and they're just starting to transact as well Okay, they're a large lot tracker that little white line in here shows that Okay, so again really deeper insight here a lot deeper insight to what's happening. Good morning, Tony and starting to understand That all right. Well now we can put together this piece these pieces of yes, let's look for some profit taking up here Let's look for When sellers might come back in like this here All right, so let's draw up just some simple lines in here This guy there's a beautiful trend just a beautiful trend here Look at that All right Yeah, there's our exhaustion right there Okay, so yeah, we'd be looking for now at this point Some exhaustion on the buy side again up here Doesn't look like it's starting to start to transact though So there we do find some buyers here and we're looking for sellers down at the bottom of these little ranges in here Okay, and that's where we can start to maybe see this shift and change and roll over Okay, there's some some on the on the on the bid here hitting the bid some sellers All right, so now let's so we kind of gave an overview here We're up at our levels in here. Let's take a look at some of these trader map pro new filters here This is a really a Fantastic product it is part of the MBO bundle and it works with global or global plus that does not matter Right now Uh, I have a bunch of examples to show you here, but I'm just going to recreate them one at a time here So that you guys can understand what they are all right, so Yeah, it's um, you've seen this one already in the in the past. I've demoed it many times About filtering for the a specific order size in range Okay, uh, and it gives a tremendous insight Um, and then we have these new filters in here as well All right, so We'll come back here. Uh, there was a question also, uh, or a suggestion to I'm sorry a request to go over some of the correlations today Good morning. Hector. Good morning. Slow down. Good morning stan over in discord here all right guys, so, uh All right 74 and 75 just just transacted Uh, now let's get to some deeper insight here. Um, uh, yep. Yep. Let's let's see if we can looking for those sellers here Let's see if we can get our profit takers and uh, uh, see some exhaustion in here and uh Looking to see if we can get these sellers right here at 74 We'd love to see that. There's some exhaustion On the buy side. Let's see if we get there. We go It's just it's a larger player just dumped kind of again But we're looking for the move back down into 72 liquidity here, which actually just pulled Uh as well Okay, so again There's that activity again in here. This is not as big or as as bold as the first one Uh, 1400 contracts. Okay, but uh, again, we're looking for this and uh, it's starting to unfold We're kind of waiting for it up here looking for those sellers right in here and then Uh, someone dumped really quickly and then did again. So it's already hit like Like if you were quick enough to notice this and look for this and look for the move back down to 72 uh, then It's already unfolded and this would be your first Or consideration for taking some off All right, because at this point here, uh, you're just looking for the move to the bottom of the range And will it accept or reject down here? Okay, maybe it uh You know, we find buyers come back in and trade it back up to 75 and maybe it continues on up Maybe it comes up to 41 80 here, but we don't know That's why we want to reduce risk All right, we're looking for this as Um an order flow event It unfolded you take some off you look for, um, a runner here Or, you know actively manage your your position here Okay, so Anyway, this is one way to take a look at it Uh, it it really depends on how you trade If this is like a higher time frame trade for you, I don't know. I don't know how deep your pockets are how, you know Um, what the size of your account is how much you're willing to risk Uh, what time frame you're trading, uh, maybe you put your stop way up here Right, maybe you're looking for this to kind of, uh Come back down and and maybe down to vwap if you're vwap trader Maybe you're looking for back down to this, um Data that came out at 10 a.m. Down right down into here Or maybe you're looking for move all the way back down into this high volume node down here At 41 40. Yeah, that's a 40 point move So, um, or 35 point move If that's what you're looking for All right, but anyway, we're covering a smaller time frame here And then Go to the next example the next scenario So that we can get as many of these kinds of Examples under our belt And understand what to look for in the order book As well as in the the price structure. All right. So that said now let's jump over to this, uh Trader map pro Okay, and I've got the latest one here It is um version 2.2 3 You can Click here and go to the guide And read all about it in here. It's all been updated Videos has not been updated, but uh all of the imagery and uh texts Have been updated in here. Uh, so You can you can read all about it in here if you're interested in getting it You can find the information in here as well of how to get it Let's see where is all of that Yeah, there's a lot in here to go through Okay Yeah, here's here's where you can get it. You have to scroll all the way down here, uh to um The download uh here as well as uh, uh the um Oh, yeah, this is the beta 7.3. Actually, this needs is not beta any longer Okay Anyway, that's where you can find it. You can also find it on the book map, uh marketplace And that's where you purchase it All right, so let's see. I'm going to get rid of uh all of these filters in here and we're going to start afresh Okay, so we're looking at the es. I've got my trader map pro Uh downloaded installed the latest one here. Um, if you guys, uh We can also go over this here. I'm looking at book map 7.4 That's what i'm using here and it has this new add-ons manager, which is fantastic okay, so In fact, let me show you how to how to use it here. I'm just going to read i'll remove it here I'll remove trader map pro here. Okay, and I'm going to go to my add-ons manager here Uh, and then uh level one is connections. I'm sorry level zero is connections level One is your Add-ons you can see all the add-ons I have on here You can scroll down to the bottom and then available for installation. Uh, I have the um A python available, which is this is new as well and then the trader map pro version 2.23 let's install it It is ready to go. I don't have to restart book map or anything Okay, this is really great new feature in 7.4 if you guys are interested in the beta version. All right Okay, so Let's take a look now And add it in let's select it here Uh, and then now we're going to create a new uh a new trader map Uh, we'll we'll click create. Uh, it's for the es here and you can see it's uh This works only with rhythmic and um cme Group instruments. Okay for the m it's mbo data. Okay, it's it's market buy order data That is required for this trader map pro to work. Uh, in fact, um I have stops and icebergs here. I want to take them off Okay, so uh, uh because there might be some uh Some sort of um issue between um stops and icebergs here So let's just take those off for now Uh, and then let's go back down to trader map pro and let's click click create The reason why they stops and icebergs won't work on it Is because it is filtering the data Uh, that's coming in so the stops and icebergs are going to be filtered Okay, so it's not going to give you good readings. Uh, and there will be a confliction there All right, so, uh, let's add a new filter in here So click on add and then we have um order Um order change filter. We have order size filter and order size filter by percentage Okay, this these two are new filters in here. Okay. This is the old one that we had order size filter This one's really straightforward. Let's just go through that Here, uh, I can change the amount of filters or uh orders that I want to see In my order book that come in here. So let's suppose I want to look at 50 or uh, or greater All right, so I'm going to put in a thousand here and uh, now we've we've made our um our filter 50 to a thousand and Es we're going to call it es 50 to a thousand And we're going to click play here Okay And then it pops up over here. Here's our here's our new symbol. Okay. It's a brand new symbol uh, and uh now one of the beauties in here is that Note the uh, let's get rid of the absorption And stops and icebergs Okay Yeah, if you get these uh warnings on the side, that's the stops and icebergs. Okay, and that's what that's all about Um, all right. So this is going to show me here very simply Uh, 50 to a thousand in the order book here, right? And here's our trader map So, uh, it's totally filtered everything else out. This red line is the best offer This green line is the best bid and that's it Okay, so you can see that uh prices in between that area We can uh, you know add a the last price on here if you want or you can use this crossover um, or you know cross bbo Uh tool as well if you want if you want to see the the best bid and offer on Uh, this instrument. Okay, so What we've done now is we filtered out and we're looking for the larger player activity They're up here 79 and a half and 80 And also down here at 74. That's it Okay, now what do we see here? We see buyers coming in great. All right So in this scope In this scenario Then we're looking for buyers to come after this liquidity up here at 79 and a half and 80 Because that's where they are and we're steep. We're seeing some aggressors come in here All right on the buy side. So Based off of this, uh Filter, that's what we'd be looking for if we see More sellers starting to come in uh right below this little area right here Then we'd be looking for them to come down to not just 75 but 74 and this liquidity down here Okay, this is where the buyers are. This is where the sellers are as simple as that All right, you might like this view in here. Uh, and you might like this tool, uh, if, uh Uh You want to keep things very simple, uh and look at and access the data of these larger players Good morning, ac You heard there was a market pulse with buyer sellers combined together Uh, that is not available yet and I I requested that a while back And to be able to you know, if you want to put together Maybe like your, uh Fang stocks or something like that, right? And uh, yeah, so that would be great. Uh, it's not available at this time But yeah, it's on it's on the um, uh road map Okay, uh, your request for correlation you're more interested in the trader map. No, no problem. Uh, that that works well for us. Um, okay, so, uh Anyway, you can see what happened here. We we did get our sellers below our little area here They came in so what are we looking for we're looking for it to trade down to this 74 Uh, it did and then some a little bit lower and to again high liquidity in the order book here On this new trader map 52 a thousand And there's still more sell appetite. So looking for 71. Hey, that's where another 50 lot is Okay, so, uh, yeah, looks pretty good. Uh 66 63 down here. Uh, they're also trailing down on the offer Okay Now this is where Trader map pro is really interesting. Um This larger player here Now it looks like a hundred lot Broke uh or lowered. Oh, it was a 50 lot. Sorry. Uh, there's a hundred still up here though. Um Took their liquidity Came down here got filled And then and then the the best offer went back up here All right, you will note how you can see the behavior of how some of these larger players will do this Okay, note it all over the place. Note it here In here in here in here They can average into the position in here Okay, and we want to start to understand that behavior in here right to uh, uh, larger player, uh, will um Uh, you know provide liquidity in certain areas to to average their position Okay, here it is again, uh in here at 74 All right, and then pull away now I would do the same thing, you know, if I had a lot of liquidity I would Probably keep it up here. You know in the queue And then like well, okay. Here's here's a short-term opportunity I will start to get some on And uh, you know, here's another one. I'll I'll average in again Maybe get some size on etc. Now. I'm not saying that's what they're doing, but you know That's what it looks like to me And it makes good sense To start to kind of average your position or average out of your position scaling in and scaling out Okay, here it is again in here All right, so anyway that is that filter All right now let's go back here And uh, let's take a look at another filter Let's go through So here's our filter here. Uh, you cannot come back and edit this once it's set it is set Okay, what you can do here is stop it from playing Uh, and in fact, let's do that Uh, and you can stop it from playing now you can edit it Let's make it 51 And let's play it again Okay, we should have renamed it at the same time. So yeah, it has to recreate the entire map here Okay, it's mbo data. So it has to it has to recreate it now the beauty here of this update in this new product Uh, is that it it fills in all the historical data here That that was a problem before Now we have it though. Okay, this is a really big Big distinction between the older one, uh, and this newer one. So if you guys are interested in this in this Trader map pro product, uh, it's included with the mbo bundle Make sure that you upgrade to the latest one All right Okay, so let's go back to the es click on trader map pro and let's create a new one in here All right. So, uh, it opens up a new, uh, little box right above it here Uh, and um above the older one And you can see you can use whatever, you know, choose whatever tool you want in here or whatever instrument you want Uh, and now we can uh name it now we can name it later. It does not matter Let's click on add though and let's add another filter in here. So we're going to go with this one This is we're going to go we're kind of going in reverse We went with this one, uh, which was the older one the order size filter here Okay, we just demoed that now we're going to go with this one. It is new. It's fantastic I prefer it over the order size filter. Uh, this is filtered by percentage. Okay, so let's select that one and Let's just put in a percentage here or You will play with the slider. So the slider is here And it will read the order book And it will give you the percentage here and it tells you down below as well. How many is filtering for Okay, so at 20 percent is filtering Anything that is um of order size 83 or below 83.25 or below It will be filtered out All right, so it's giving you a good number here 20 20 percent Okay, now you maybe you want to go up to 50 percent Okay, so uh, and let's see what that number is then Let's see here Should should recalculate it here. Yeah, hold on a minute here. So it's uh keep orders above 34 It's up here Exclude orders below 83.25 Okay So is the slider is actually I'm sorry. I was wrong on that. It's actually working here 42 percent is is equal to 41 You know as I slide up here you can see it you know Keep it above Five and then it will show 92 percent of the orders in here or you know, we want to filter for whatever it is You want to make your filter for right? So here's 400 percent, right? So Down at one. All right. So anyway, that's how the slider works here and now let's click Well, we can click play here And uh, let's go to the the new filter and I forgot to name it, but you can see it named it here order size filter percentage up here Okay And here we go right it also has the absorption uh, and uh Yeah, the absorption indicator on here. Let's just get rid of that Okay, so yeah, we can see our filter in here by the percentage size. Uh, so 96, uh are up here or 100 down here And um, that's that right? So same same concept same idea in here. Uh, and Any any questions on that? Let me know. I really like this tool here. It's I think it's simpler You don't have to put an upper range in because there is no upper range To filter out it doesn't allow that. Uh, it's just the lower range that will cut off okay, so, uh That's the the beauty of the percentage here. All right Okay, so let's go back here. Uh, and um We'll click back on the es and go back to the order size Uh And let's click click create again Uh, and then we're going to add a new filter in here a new trader map Okay, we're going to click on add And then what we're going to do is we're going to go with uh the change here. This one sounds confusing here Okay, it's very powerful. Um, what we're going to do Uh is look for a filtering of the orders. Um The orders that changed or did not change by price or by size Okay, so uh here we have uh, it's this one here that we're working on Show only orders that were changed By price or by size Okay, or you have a selection here in the drop down of not changed so What this means here, let's just do uh, let's create the filter for changed. Uh, and let's play All right, so what this means in here is show me the trader map or the heat map here Four orders that changed, uh in their size Okay, so uh over time here you can see that uh, well You know a lot these orders in here. They they were changing All right, now we'll make a we'll make a distinction between this and the not changed in just a minute here Okay, so what what does this tell us? Well, it tells us that uh, basically these players in here They don't really want to get filled in here. Uh, if they're going to change, uh by price and by size Price or size that was the filter that we created now. You can also filter by price That changed so what that means is a price level they changed it Okay, and that would show up in here or they change the actual size Or you can also select by the order If they change the size of the order then it will show up in here as well in the in this trader map All right, or you can also look at the filter that we used here. It was by both Okay by price or by size Okay, and then show it in the trader map trader map here All right, so uh, that's how this one works here, uh, and then now let's let's go back here and let's add another one And uh, we're gonna uh, let's do the filter here Okay, we're gonna do it by not changed Okay, now over here this drop down here This is what I was talking about earlier or just a minute ago by price or size by price Or size here so you can select one or the other or you can have both Okay, but still it's by price or size it includes both of them here is what what this one this selection does here So let's keep it on that one. Uh, but let's just uh look for those orders that did not change So this is a really good filter. It will show me the orders that stayed in the order book that appear To have the intent to trade. That's what we're looking for in here All right, so let's uh, let's just put an es um Not changed And we'll click play and we'll close All right, and here it is here I love the way that this now fills in with the backfill data. This is really fantastic And we still have this absorption indicator show up Do I have it here? I guess I do I don't know why the absorption continues to show up, but it does um, all right so Let's take a look here. Let's look at the distinction. Let's uh, uh input one hour of data here Okay, and then we'll look at the one that changes and we'll input one hour of data as well Okay, so here's the one that it shows the changes Okay, so pretty busy heat map. Okay, look at the one that's not changed though okay, so, uh These orders in here they they stayed in the order book Uh, and if they did change Well, then they're gone. They're they're out, right? So once that change happens, it's not going to show up here any any longer So this one can be really interesting to take a look at here Because uh, it means that they have the intent to trade typically So we can look at this area in here. We look we're looking at it the 74 level earlier in the webinar And then we're looking for um, yeah 75 we saw the breakout And then we're looking for maybe 78 and 80 up in here and you can see that liquidity Is remaining there up at that level Okay, so our reversal Or at least a pretty steep pullback has already unfolded here now. This should be a reversal on a smaller time frame Okay, so uh, and this is what we're looking for we we started to note it with the drop over here By the larger player, uh, and then another one in here But after trading up into these levels here All right, again, let's just recap a little bit. It was up into this area up in here Um, we're looking for that gap fill. It went a little bit higher Okay, and now we see that it's starting to sell off a little bit now. We're still in an uptrend Okay, we're just looking for the pullback First level I'd be looking for is right around in here. It's already done it and it's already bumped back up Uh, a little bit higher as well Okay, so this was kind of the uh, resistance uh on the way up It becomes the support now as you can see here All right, but what let's to go through that concept and and understand that that here Yeah, I can show you a candlestick and say yeah, well something's going on and here is these wicks and we're looking for or you know, these uh highs in here become support if it breaks through to understand that concept Go to the order book and take a look and here it is Okay, they're in the order book here Uh, and they're getting filled here. This is that The visualization of that concept Okay, and we have it filtered here. In fact with the heat map The trader map pro so yeah They're staying in the order book at 66 now there happened to be a little bit more selling pressure And it traded through it came right back in though and and it accepted Back up above 66 Okay all right I'm going through a lot of stuff in here. This is new. Uh, it's new to me as well so You know, I've been playing around with it gaining some insight with this tool but It's really opened up here and it's What this can display and how we can Utilize this information up at some of these levels in here Okay, so i'm sorry to miss some of these these moves in here. We were looking for this move to unfold Uh, this pull back or potential reversal And it did as we're going through and and adding these new trader maps into the into the picture here All right, so Interesting move here. Uh, I'm I'm really kind of curious now We would look for a pull back to here And then to here where it dropped from the next one is really up here Okay, or we should see some stops maybe triggered up above here All right now in the trader map The ones that have not changed are up here at 80 All right now would be a new high Okay, now what do we think about the order flow in here or the transactions? Yeah, so it's looking pretty good that it looks like they want to come up here at this point Uh, we've already had this clean out here and we're above this area here and we're above it on buying So we're still looking for it to go higher Okay, until we find sellers And pull back to 74 And there's our buyers now. Let's see them lift this back up Into highs of the day now Why am I Why am I looking for highs of the day here? Well, I'm just looking for them I'm looking for traders to go after this liquidity up here seems pretty stable and Buyers know that they can they can meet the sellers up here Okay, it's just a Maybe I'm speculating on that but it the fact is this These sellers have not changed. They're up here And we seem to have buying interest So One thing leads to the next as long as there is buying interest And as long as these remain stable up here at 80 Then I'm looking for the move up into 80. All right. Let's see more questions here All right, you're looking for a move down 50 50 point move down to 20s. Okay Yeah, you know, it's friday. Um, you know, typically, um It's a beautiful day to like You know get everyone going one way and then just grind the rest of the day the the opposite direction All right, so uh, uh, yeah, that's that's very possible. Um, that uh Uh csm jazz, yeah, that maybe that uh, maybe that unfolds Hey, I don't see it yet, uh, but Anyway, we'd look for it and let me look over here in, uh Discord no questions. Okay Sorry guys, I really wanted to go through this So I've been meaning to go through this new trader map pro tool here for Several webinars. So I thought today would be a good day to do it So let's look at our changed one in here and uh, uh, yeah, you can see that There was a lot of activity on the bid down in these areas in here Uh price went through this high liquidity in here Uh, and then uh, this activity in here is really supporting it above, um Around 63 and below See our 80 up here. We doesn't really show much in here Uh, it's because it's stable Right, so it makes sense, uh, that this one shows 80 really nicely Uh, it because it has not changed Uh So it's excluded from the one that's changed in here. This is showing you liquidity that has changed Okay, does that make sense? Do you guys have any questions on that? Uh, and you can look for different things in here so, uh, maybe you're looking for kind of, um, I don't know maybe more market-making type of behavior of pulled liquidity and changed liquidity all over the place and start to understand and balances in the order book and But you're you're not looking for that stable liquidity Right, you're looking for changes in the order book and you're looking for reactions by the aggressors to trade up into those areas or Perhaps you're not you want to exclude all of that and you just want to look at that stable longer term liquidity That has been in the order book here Okay, and it would be here at 80. Okay, and we're just looking for those buyers to Reach up to that area. It's up to you. It's up to your trading style. We've got the filters here in the mbo data for trader map pro All right, let's take a look here at, uh Let's go back to our 50 and 100 so you can see this this, um Uh adds up very nicely here 41 80 You see 96 up there that has been very stable and we can see This player in here Adding into it all the way up. It looks like Supporting it and getting filled Okay, and then pulling it all the way back down here to 50 Or i'm sorry 61 Uh, let's jump back to this one The percentage. All right. Well percentage just it just changed. It just flipped. It's up now here at, uh The the offer is up here around 37 now Okay, so Uh, they pulled at 80 in this in this trader map Let's see. Did it did it change here as well now now. There's still here Okay sellers coming in now And it's still back and forth in here. That's a lot of selling now And we might get a pull back to about this uh 72 area here in this liquidity And Let's see. So we went through all our different trader maps. Let's go. Let's add another one in here I'll not want to demo another in here. Uh, and then Create a new one Okay, so we've gone through all of these filters in here um The order change filter Which is new uh the order size filter, which is the older one And then this one is new as well, but it's the same as order size. It's just by percentage Uh, which is great All right, and then we went through the different, um Uh, if you if you chose, um The filter in here by price, uh Or by size or price or or size and then changed and not changed we went through those filters in here Uh, so uh now you can do multiple filters within the same Uh trader map So you can do ones that changed by price or by size and then you can also Put in another filter in here, uh, and then let's just do the uh percentage Uh, and uh, yeah, we'll keep it at this here And uh, that's that right and let's see what this one looks like And hit play This one ought to be interesting Again, if you get these pop-ups down here, it just means your mbo bundle you got to come in here and turn off your stops and icebergs Okay, they are not going to work in here Wow, we're not getting much data out of this. We filtered out quite a bit You can see just a little bit in the in the trader map here at 50 and then down here at 30 or so Interesting one Okay, and some heavy selling coming in right now So maybe that is a target down here It makes sense to me These guys pulled here at 50 In this trader map All right, so let's just unsubscribe from that one. Let's come back here And let's add another one Maybe we can get rid of that one Okay, so we've gone through all the different, uh Well a lot of configurations in here for the filters. There's also data transformation in here So let's go with the first one here distribution of orders by size Okay, so what this is going to show here in the in the cob column is going to show the It's not going to be liquidity. It's going to be orders All right, so we'll just you can you can split them out if you like as well Um And uh, let's let's click play here. I'm sorry distribution by size Let's go back All right, so what this is showing here need absorption nor stops and icebergs Is it's showing the distribution of orders, uh in the uh in the order book in here. So, um, basically, uh, this is It's really More used to understand What kind of filter you might want to apply here So for example By far you can see that one lot or negative one lot is by far the most used Okay, the order size here. This is the distribution of those orders Okay, that's what this is showing here. So this this is not really we're using the the heat map in the chart here Just to show you like okay. Well, how many people are are you know, uh putting in the order book 15 20? How about 100? You know 400 So, uh, if we kind of we can we can zoom vertically this way Hold down the control key and zoom vertically This way so up at 50 there's eight orders up that are worth Exactly Have exactly 50 lots within each order Okay, or 30 or 25 Right, that's what this is showing here All right, so it's kind of interesting Uh, but you it allows you to also kind of hone Uh, you're you're filtering in here All right that and that's the the goal of this this filter All right other than that like, um, I don't really see too much use out of it Uh, let's uh, let's go back and uh, wow, look at this sell-off guys. Um That's a big move Nice, uh 20 point move there Well big for these days. I mean god. We saw 20 point moves like some months ago. It was like nothing Hey back to your vwap Your vwap traders are happy. That's for sure And it's still selling Yeah, we looked for this, um potential move uh back to here, uh in one of the trader maps Yeah, it was uh, this is This was uh, the ones that did not change. Yeah, it's this one here Uh 61 also, there's uh 55 here Hey, they did they stayed in the order book in here All right, so Yeah, let's see if we get buyers back up above this level and then a shoot right back up into here Maybe 60 61 Yeah, I'd look for that scenario. Um, this has been a steep steep sell-off here Uh, all right, so uh, let's go back. Let's let's look at one more in here And then we can uh Answer any questions that you guys have or go through any other examples in here So we can get rid of this one here Uh, we're gonna create a new one though. Uh, and we're gonna do the um Data transformations number of orders per price level. This one's great. Okay, so what this will show here Uh is it's that's all you can select is is that and then just hit play And then we'll let's take a look at it. So what this is going to show here, uh is the um in the c o b column here We are not looking at liquidity in here. We're looking at number of orders All right, so you see 58 71 uh, or you know 57 down here on the uh on the bid That is showing you a number of orders here Okay, now they're constantly changing and flowing whatever that doesn't matter It's just uh Not the volume of liquidity. Um, but our size of the um orders in The number of contracts in here It is the number of orders In the uh order book here and that's all it's showing Okay, but that can be really useful as well Okay, let's see. Uh, so we came back to Wow vwap is playing pretty nicely here I'm still looking to see if we can get these buyers. It was a back above this little level in here I think we were we were just looking at and see if we can get up into like 61 here Now I would say more like 60 basically A lot of orders up there Yeah, uh hector. So the um trader map pro can um help you detect the um Yeah, the support and resistance or supply and demand. Um I mean basically what you're you're able to do is filter it filter out You know specific behavior or size, uh, which which means, you know, certain players Okay, and and those certain players for example the way we're looking at changed or not changed Changed would be more like kind of, you know fickle or market maker Behavior, uh, that's constantly, you know changing their orders in there Those that are not changed would be larger players longer term players that Want to stay in the queue and they want to get filled all right, so That's that's what this is doing now technically We went through it now we can apply what Some of who some of these players might be and that's what we're filtering for and that's what we're trying to identify is their behavior in the auction And that's what that this tool is doing Okay, here's our move guys up into this 60 liquidity here. We're looking for that Uh, and uh just that Okay, uh for now Uh, but nice nice move also playing off of uh, well, it's vwap in here, but Um this kind of behavior we see over and over again Uh, it's our pivot. It's our pivot points basically that we talk about And it has to do with when the sellers came in and moved it Come back up test it. Can you get through it? No Can you get through it here? Yes, and look how it plays off of it here We saw this on the daily chart. It's exactly the same thing Played off of it here and now we see the move back up all right, so uh Anyway, that's uh what we see at the moment Where is this going? God, this is kind of a weird move. Um And I don't see much liquidity in here um To to to really kind of target right now I do see them on the bid here So I would actually look for sellers to try to trade it back down here to 60 or maybe 58 Anyway guys, it only works on cme group instruments and you have to have rhythmic data for this to work right and let me see if there's any more questions over Here are lots of questions over in uh YouTube Yeah, that's an interesting idea salt bones like you're looking for um potential move to 4200 I don't know. I mean there's there's a lot of selling up here Uh and some strong selling just look at the daily in here right now Yeah, we're still this is this is bullish in here. I mean this is a really this we saw this like weeks ago This is a strong move Right and it and it really chopped around in here and it never made um, you know higher high in here If we uh look at maybe six months back So it's still at a low. I mean a lower high I should say um Yeah, maybe I mean this is where To me it looks really back and forth In the price action here and we covered price action also the other day in detail and understanding the What candles are showing us and how much we can get out of candles? And it's not a whole lot but You know the speed of the moves and the range and the wicks We can look at and kind of assume some things there But that's where book map is really going to be helpful to understand the details of what's going on within those areas All right, so uh, what we do know by the candlestick action here is Some really big back and forth moves all the way through here As we can see here, right, you know move up Big big wick here move right back down move back up move right back down and move right back up and I don't know. I would actually say based off of this here Uh, to me this price action that looks like there's uh Uh, some more selling in here than there is buying but It's a it's a tough one structurally We're making lower our higher lows and higher highs still So it you you have a good point there that maybe that's where we need to go is 4200 All right and above Maybe even even above Okay, so uh, we can keep that in in mind. Uh, and um Yeah, even this is this is bullish here that it bounced off of here did not continue on lower uh And it's back up here again All right, so What we need to see for this to be more a lot more bearish is uh, well today This candle here we want to see it closed down here or even down here uh, and back into this kind of like, uh, you know Consolidation very small consolidation period in here From yesterday, uh, or the day before Okay, and that that would be pretty bearish Uh, and then I would look for it to break these lows and continue on lower all right, so, um Let's let's take a look at the hourly in here Okay, so yeah, it rejected up here filled the gap rejected back down Uh hourly, I mean, yeah bullish a lot of green in here some pretty big moves pretty big rejection up here Okay, we just saw this move unfold All right. Well, we're going over a trader map pro and we didn't really see it unfold, but uh Anyway, the um, uh, let's take a look at the 15 minute chart in here and let's look at A few days back We're just the day here Boy, it's it's a tough read Yeah, nice move up some wicks move back down kind of right in the middle now Yeah, I don't know. I really don't have any kind of bias or insight here to be honest Uh, the hourly looks better to me Uh, that there is momentum to the upside, but this is a big rejection wick up here yeah, and then The rest of you guys we're looking for the move not just to 50 but 30 right? Yeah, this this area down here this liquidity 32 or so Yeah, makes sense. I mean, look at this here. Here's our 830 data here Earlier this morning and look at all these guys down here uh 25 almost almost 25 uh 50 You know lots down here Uh, we can also look at our structure on this this chart So, uh, yeah, it's uh, if we see the sellers come right back in now. This this looks pretty good Uh, here's why here's our structure Here's our retest of that structure and Let's take a look It really dropped from here though In fact, I'm going to put a poll in here I mean because we're getting a guys like, uh, some guys think it's going to 4200 and some Some think it's going down to to 41 30 um So i'm very curious Are you bearish or bullish? I'll put a poll in here I'll put in one more don't know Let's see what you guys think. All right in the meantime, let's uh zoom in here and let's read some of this, uh Up at this top, uh range here Uh, we have we have a structural area here. What's the what's the order flow look like now? Order book we have liquidity up here at 67 and then also down here at 61 and we're kind of in the middle So that's all we see at the moment uh a little pop-up above retest beautiful retest up here exhaustion Uh, and uh, don't see any sellers until Boy, this is a hard hard read in here too. Like, uh, I don't really see sellers until maybe down here And this this is too late. This is that the back and forth here get get people trapped and move the other way Okay, so not really seeing much here in this current, uh market action as well Hey back up here All right, well then hit this liquidity here at 67 and 67 and a half And let's take a look here. We this is what I got we're kind of noting here and this this happens in markets where It's just bashing on one side bashing on the other side Uh, you know getting people kind of like committed and stopped out One way or the other Okay, so our our pivot line is really right here in the middle at 65 Okay, so if we can get sellers down below that look look for the move back down to the bottom of the range here Okay, so what are we looking for up here then? Well high liquidity filled Okay absorbed Maybe a retest and exhaustion And then sellers and look at the seller just comes in and dumps like that All right, so let's see. Do they want to do that again? Okay, try to move it through the pivot point here Okay, one more dump and then it will bring it right back down to 62 63 and a half here Yeah, let's see it sellers. Let's see if you got it here I'd look for it try to try to play through this here. You've got these guys trapped on the other side Now just move and let's see the stop run we can turn our stops back on now And let me get to more questions in here All right, 40% of you guys say you are this let's take a look at this poll It's pretty interesting 40 bearish 33 bullish 27 don't know Yeah, I'm kind of in the In the don't know I mean earnings have been good The data has been um Oh, I don't even know how to ascertain the the data right now It's more about how the market kind of digests it any more questions in here. Uh, yeah regarding the correlations, uh, ph3 Um Well, typically the NASDAQ is I mean, it's more volatile There's um, you know less liquidity in there Uh, it's also a higher price So, you know, there's a lot more swings in there Um That's what you have to be careful about but it's it's typically leading the es Um, which one's the most helpful for the es? you know, I don't know we we played around with The dollar index also, uh, you can also look at the bonds Uh You know the notes or you know the five year ten year whatever it is, uh I mean, that's a a classic correlation. Um, dollar index Um, you know the russell Maybe you want to look at some of these, um bellwether stocks as well It's going to change for the day Uh, but you know, I mean very simple things They got here. Let's just take a quick look. I mean, I mean, these are really really simple ideas. Um Take a look at this, um from fin viz, you know, this has been around for for ages Uh, look at the big players in here in technology here, right? Well, what do you want to watch? You know, apple and microsoft basically Okay, so, uh You know, these are going to be really, you know, these are your bellwether stocks and in tech Next one would be, uh, nvidia All right, so, uh I keep an eye out on on that, uh, and then, um You know here over in communication services you got your google your meta Uh, your consumer cyclicals. You got your amazon and tesla and your, um, home depot But but look at this one by far. I mean, this is this is huge Okay, so it used to be the same with uh, uh, let's see if we can go get it here Not the s and p, but we want to look at, um Can we look at it exchange traded funds? Uh I want to look at, um The dowl, maybe we can't Yeah, I don't know But anyway, the dowl it used to be ibm years ago. I probably just dated myself. Um, but, um It was the you know, the big the big mover or you know had the majority of it in here So anyway, uh, this Again, like you would kind of these are really simple ideas to look for these moving and then the nasdaq to follow All right, so you and you can put that in the correlation tracker Uh, you can also use the, um Uh, not just the correlation tracker, um Use it together with the, um Uh, uh market pulse tools All right guys, so if if today's going to be that choppy day and uh, we're looking for all this back and forth in here Then this would be the move to look for or the scenario we're going to outline here Is this being trapped? Okay sellers below it here Looking for here's our exhaustion here Okay, I'm looking for again sellers here and then let's get a move back down into here or here All right, so that would be the scenario here our sellers starting to come in And let's see if they can drive it lower now And the first uh test would be just uh, you know, a point and a half down lower here from 66 to 64 and a half I don't see the sellers yet, but we that's we have to get the sellers down here. They have to be committed All right, we don't see them yet. All right, so we get one more move back up here Uh likely to the top of the range likely to this liquidity Okay, it's letting all of these these guys are not trapped Okay, and in fact this was a stop run here Um, but this is new buying in here a little bit of stop run Okay, so same idea though. It's below here Sellers below it at 67 Here, okay, this was exhaustion. Let's look for Sellers here at 60 66 and three quarters Okay And then a move right back down to 65 and a half and then 64 and a half Okay, so we're looking for that again that kind of we see this, you know bashing on one side bashing on the other Okay, so we'd look for that scenario in here And I don't see it It's not playing out. There we go Okay sellers, let's see it here now that was a quick move again We've been seeing these these players just come in here and dump it which is very hard to catch Okay, but uh still again here. Let's see if we can get a little bit more selling here They've they've got them trapped Now you can see what's happening This is the trap Now we should see the stop run up here Okay No And they won't even do that just back to the back to this scenario here. Um Yeah, anyway, that was that's the concept at least. Um It's uh, it's not really playing out either way even down here. We don't see sellers right now Anyway, that was a quick read and what we're just kind of going through again is like uh What we saw earlier this kind of behavior because we weren't sure if we're bearish or bullish here Right, so we're looking for traps and moves basically within a range And that's why I was covering these two scenarios in here Okay, the one one thing that's frustrating today is these these quick moves in here That makes it makes it challenging All right, you can get stopped out really really quickly. So if you don't like it, just don't play this game It's not worth taking the risk Now this is very short time frame Again, we don't really have too much of a bias in here We can cancel everything and let's let's just re remake this here Okay, so sellers below this line here at 65 and a half This is this is turning out to be pretty nice if it's going to be a trap here for these buyers So it's a bigger. It's a bigger trap here It's all of this And then we'd look for the move back down like this Yeah, let's let's take a look at our we'll we'll add the um um Trader map pro in here. Let's take a look Okay, not changed liquidity Oh, they're up here So maybe we've got to change we've got to trade up into here first And then maybe the move back down on the other side here Anyway guys, let's see any more questions in here. I spent a lot of time on this trader map pro today I wanted to demo. I've been wanting to demo this for a while Uh and answer any questions you you have There's our move up here, right? And then you can see this is they're trying to see how the sellers trying to We can see some of the selling trying to pull away here. This is the dump Okay, and let's see if we can get another one of them uh and uh And then it would trade right back down to 66 And below and any more questions in here. Yeah, we can end the poll Thanks guys uh yako po like uh the the um The move down to 41 30. I mean look that's a longer, you know, bigger picture kind of move. Um Uh into this liquidity here for the for the day Uh, you know down down into here was was what you're looking for. Um I mean right now we we don't really have any clarity even on a smaller time frame So, uh, uh, yeah, I definitely don't have clarity on a bigger move like that unfolding right now And look at that move here. We go up into 70. All right, and that's a stop run there As well And then let's see if we get our below this area and then sellers come in hand over a fist below here And move it right back down Not yet surprised to see some buying pressure up here All right, I think I've answered all your questions. Um Let me see ac You tend to see more Uh large order sweep toward end of the month Um, not really. Um No, I I don't think so Um, I do see a lot of adding and pulling of liquidity large areas of liquidity It brings up a question in here or a Something to cover about longer higher time frame liquidity That can be really helpful to read and that's where you can again using this trader map pro We look at the ones that are not changed Uh, and then kind of zoom out, uh, and just look for that longer term liquidity in here That, um You know these areas here's our 4200 way up here, uh, and then yeah 41 20 way way down here And and we'll see like there's these days where, um It's a tough day for the you know to to day trade We see like a strong move that just continues to go into high liquidity all the way up and just continues to trade into it Very slight pullback continues to you just see buyers hand over fist Continuing to move it back up into high liquidity again and again And you're looking for that reversal. You're just thinking my god, there can't be more, you know buying pressure and there is However, the next day or the overnight session You'll see a big change And that's when you'll see the aggressors come in and move it the other way There's just massive absorption all the way up for example And then that can lead to this is where you can see some really good, uh swing trade activities Some people were asking me about swing trades Uh and stocks, uh, you know, you can look at maybe your stocks and you just look at just massive areas of liquidity like Like up here at at 70 we have um, you know 62 Uh 620 000 shares up here at 170 That's a lot of shares Uh and um, it is the by far the most here in this order book Okay, and you'll see it trade into this area here. It all gets filled It maybe can kind of comes up a little bit higher and in some of these areas in here and it trades as well Uh, and then you know, maybe even closes high for the day Uh, but watch out once it gets below that 170 if for example if it traded up here Okay, that that'll be a big big distinction Uh, and you'll see the uh the sellers come in and really move it the other way, uh, and it can it can move like a It can be a big move for like You know the next week three or four three or four days All right, so that's just something to note. Uh, if you see that kind of behavior But this is a tough. This is a tough read in here. Um No, we just got more and more buyers they continue to You know climb climb through this this area here 41 70 And you can see the bounce back off of 70 here All right, so look at this structure up here, uh, and then start to look at liquidity as well And I don't really see much until 75 All right guys. Well, anyway, that was what we wanted to cover in our trader map pro Go over in detail with you. Uh, so that uh You know you have any questions it we just released all of this last week and it's there's quite a bit of a um Filtering power in there to to really look Had so many different things So play around with it. Uh, come back with any questions that you have We'll do, you know, maybe a special event webinar Or or something on that we can also do one on correlations guys. Let me know In advance like, uh Ph three reached out and said hey, can you cover correlations today? Great. No problem And I said the in fact that we had Uh Plan the event though for the trader map pro and then he said don't worry about it, you know Continue on with your trader map pro So, uh, thanks everybody. Have a great weekend. Uh, and we will we'll catch up with you next next monday then Okay. Yep. Thank you very much. Uh, we'll see you then. Bye. Bye