 Okay, good afternoon traders and welcome to the book map Academy session here. We're going to go through live coaching and mentoring for the various traders and Let me make sure I'm working. It's working over here on Various traders. Yeah, okay on YouTube. Okay. We're good to go All right, so we have some housekeeping stuff to go through and then we'll get right into the coaching The goal here well is to introduce you if you're new to this book map Academy We're offering this program here through book map and through our discord channel That you can get feedback on your On your content on on your journaling of your trading This is a really nice community in a great way to improve your trading And I don't know anyone else is doing this kind of program So it's definitely a benefit here. You can sign up if you go to the website here Bookmap calm click on the more button here and go to under community go to book map Academy you can read through it here and There's a process you go through in the steps and you can get book map for free If you make it to one of the levels in here, so we have Quite a few guys using book map for free Because they've earned it through their journaling all right, so Risk disclosure 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 Involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results Another thing for those of you in the Academy you are already paired up We have your email We have your license key and we also have your Discord name It's necessary through the Academy because we communicate through the Discord but you have to sign up and fill out the form on the on the website so if you Don't have that then you won't be able if you don't have your Discord and email paired you will not be able to get access to a lot of the freebies And beta programs that we have and I have some really interesting things to show you here So sign up take your phone out take a screenshot of this in the QR code And then you can sign up immediately on your phone So let's jump in here, and I want to show you a few different things in book map You can get access to while I have it here on NVIDIA a footprint chart and so this is a new Add-on that we've added here and there's all sorts of different configurations. I went over it briefly last time But I have it in a profile form here But there's you know all sorts of different ways of looking at the data here So a great new charting system here or add-on we have another one. We have the anchored VWAP That actually I showed last time as well. We won't go over at this time And we also have market polls as a lot of you guys are aware of we had that for a while So these are all free and open right now for you You'll just need to sign up for them. And of course you will need to have book map for that All right, so great stuff there All right, let's jump into the coaching and we have a new coach. We have David and We're gonna go over a few of the images from from David here Just a minute Okay, oh, I'm sorry or Jack. Did you want to go first? It's up to you we can we can do it your way since you got yours loaded up right now Okay, all right, so we got three different trades here from dune runner and David wants to jump in and We'll start with the es trade here Or you can start with the I have the gold and the ym one as well up up to you Yeah, well, perhaps we can jump on to the gold sorry to jump around there bruce Good afternoon and good evening. I say good evening because I'm I'm in the uk as some of you Some of you know, so really nice to see a gold trade And I I trade a little bit of gold myself and I was saying to bruce just put it on This is very much a big boys future because as most of us will know you get on the wrong side of this And it really starts to rip your face off In terms of posting what I find useful and I used to do it Is in terms of I assume this is eastern time But there are many of us traders like me that aren't in the us So my charts are on uk time. They might be on european time So it can be if you're not in the us But also if you are on the us to state that sort of early doors Of what it's about I think another good useful thing to talk about on any of the posts Is if you can to set some context now I'm contradicting myself any of anyone who sees my post in spot gamma I don't often put a lot of context But that's because I'm trying to post sort of near real time. I'm trying to let traders in the room Know I've got into position. I'm getting out of position What's going on to help them with what they're trying to do and that can be good or bad So if if you are posting at the end of the day or you're posting to cover the previous day Maybe let put out a little bit of context This was last friday. I think the the goal post So if there's any particular news going on or something Sort of put that in at the at the very start of of what you're talking about so it tells you I've also liked on some of the posts that james has been doing is using other systems I think we all do we all use systems except maybe bruce. We all do use different different systems You know if you those that look at tom tomby a good friend of mine Yes, he's he's an absolute expert on book map, but he's got irt running So don't mind bringing those other posts into particularly where we're using them for longer time frames Or as I often talk about more the voodoo. You might be like for me on ninja I've got loads of ear mazes running different types of vwaps Market profile a whole raft across different charts that help me Use the sort of more microscope of book map to to to to get into there Um, another thing about gold, which is worth noting about and I talked about this last week Generally is time of day For those that don't know and I and I'm sure that james does is that gold is fixed twice a day It's fixed in the uk at uk 10 30 time So that's the middle of the night for most people in america, but there's a 3 p.m. Fixed. That's 10 a.m new york time And then you get a blend when sterling gets fixed about an hour later So you can get these little quirks in gold As I won't say as we're seen on this chart, but you'll often get reversal So when I'm trading those assets I'm thinking about that sort of that sort of Time of day great pattern here. So well flagged out there james where it's the price is dipping down We've got plenty of greenery coming in on on the bid And I'm going to say it's a crude sort of building of higher lows Of the off the pink area you've highlighted and so forth Be interested to know and I know this is old school of what other correlations you're thinking of You know, if you went back many years, you could be looking at the dollar. You could be looking at bonds Again when I'm trading these assets As jack was just talking about now on on oil Is just trying to sort of see what else is going on in the market Just to sort of lower the risk on on the overall Overall trade but a great a great chart and a great bold trade. As I say, this is a big boys trade You did very well there to to take to take it up on on on gold. So fantastic. Although I think that's the Yeah, good is is james with us bruce. Do you know please? Uh, I don't know. Uh, it's a dune runner. Um, yeah But uh, uh, I don't I don't know if uh dan you see him in here I don't see him in the channel. Okay um So, uh, I I did have a actually a comment in here on this one Which is great. This is a new tool. Actually, we developed for scott pulsini Uh, it's called scott's zones. Uh, so, uh, it draws his zones in automatically based on stops in icebergs So this was a stop event. It drew it automatically Uh, and this was a nice thing to lean on You've got high liquidity like you mentioned david You got this bounce here. It's it's in a zone. Uh, and uh, uh, and then you're looking to uh, to to take it Back up and atr Back up and to exit up into this high liquidity up here. So beauty Real real nice trade. It's a fantastic trade to take and say a bold trade as well. So Very good very well played any other comments from My fellow colleagues at all, please No, we talked about it and I I agree with you wholeheartedly. I'd love to trade in general It's it's great Gold is not an easy product to trade. It's it's not a big product It's not here. See how many trades it's uh, yeah What's the next one then bruce, please do you want to zoom in on? Oh, sorry, uh, the es or ym. Here's the ym Yeah, no, why why am okay? So this is this is with uh with james who's hopefully hopefully with us and I can see as you mentioned already bruce You've got uh scott's scott's zones in there The interest in trade on this one again So I would repeat all the things that I was saying about robert in terms of setting that context when you're posting Any correlations any news coming out particularly in the seas? So, you know what was happening on that particular day? Was there something coming out now this trade here bruce? I think it's eastern time. This is again back to the old days you and I talking this trade is coming into the london close And you can see that today on the indices pretty much on the dime when london closed the market really picked up Now this market's picking up here. We can see a little bit before london closed. That's 11 30 here, um There wasn't any news on the day when I look back on the calendar, but you can see at 11 30 where the volume is picking up london's closing That can be a whole raft of reasons. It can be institutions day traders Bagging up opening positions. It doesn't really matter at the end of the day You can see volume is picking up when europe and london is closing and the market Scoots away So that that's a good trade that you've you've taken taken there for sure Another thing that people if you see me in spot gamma I'm always saying btd and buy the dip because this market is just as you've seen today It doesn't matter what numbers cpi were yesterday or Or anything to do with sales or whatever the market is just relentlessly bid if it pulls back It's just a pullback in it and a fade before it rallies So that sort of context as well within your your narrative of what perhaps you're expecting today I'm expecting the market to go up. I'm expecting nvidia to go to the moon And i'm going to trade accordingly without being too sort of blinkered blinkered on it Thoughts bruce, please and see if if james is with us maybe um, I don't have any Any thoughts here's um, it got stopped out here, uh to the tick um But it's a tough one. Yeah, I mean it did uh, you know, you got one two three uh one of the things that Might help on that is to um, identify we I mean we covered this all the time uh, look looking at these areas like, uh Where it really picked up. It's actually right around here Uh, and you can and you can see yeah, it we're really really picked up, right? Well, a lot of times that's exactly where you'll get your pullback. Um, you know, sometimes you get it down to You know this area here. So I mean a stop maybe it's a lot more risk, of course But like down in this area here might be might be better. Um, so Also, it might have changed. I would change my positioning a lot if I had um, a two-part position, you know, if I had runners And that was a runner that got stopped out That would be a different setting. I would probably pull my runner way way lower down at that bottom yellow line you have there Um, because the way price interacted at that structure, you know, there's there's some trading there to some degree Once it ripped up you have no market structure from the clothes Um from the London clothes and that's just a pullback Basically from that that imbalance that that hard rip up So you don't really have any of that market structure there So it makes it really difficult to kind of place a stop But if you took that initial move And you took profit off the table and you've locked in something there At that point you can be a little bit more aggressive and have your runner more of a neutral standing And then just kind of let things go Yeah, very true Yeah, very true And and if I add in how often you'll see me trade those runners, you know, that this politely picks some numbers So on that break from the the London clothes, I might have scaled in pretty quickly when I'm I'm seeing that go near vertical I'm looking at time and sales. I might go, you know, two three four contracts When I started to see it pullback, I'll just leave one on as again as you're all talking about And then if it has picked up as we can see there at sort of 1245 as it's picking up into New York lunch I then wait till I've got a fair bit of market money on that one contract And I'll scale in I'll scale in again just using the market money So it's it's a free trade it's become a free trade and the only risk I took on the trade was back on the On the on the London clothes Yeah, quick comment on that, uh, David, I've always liked the way that you manage your trades like that You go in heavy, uh, you take you take some off Uh, you're playing with the house's money at that point and you know You're free and and kind of liberal to like, uh, do whatever you want with it at that point, you know So, uh, you can kind of you know Be a little more kind of loose with it. Put it put it that way And and then you can also add more in, uh, if you like you can and you are rolling the dice You're more gambling than trading. I'll put my hands up if the camera is onto that Bruce But yeah, I I I've got nothing to lose so to speak It's it's you know, it's ill-gotten gains that I'm just throwing throwing away, but of course I'm doing that in a In an educated systematic way. It's kind of similar to a setup I showed earlier today in the academy I look to fade a level and we just heard David talk about buy the dip buy the dip buy the dip I was I was already long So what I look to do is I look to fade that level for a set profit target And essentially what I do at that point With an option position in the long future is I'm locking the p&l at that point, right? So if I'm already long the market, I can use other instruments Whether it's a micro instrument or a correlated instrument, which is something you'll see David and I talk about a lot in general I can short that instrument and the correlation will still keep me relatively equal Take that short term trade-off for whatever profit I'm able to take and then let the Existing runner continue to materialize the way it was going as opposed to entering and exiting a trade every time You might already have the direction, right? So just stay in the trade and let it run for a little longer as long as you can reduce your risk somehow So These are just a couple of them But again though notate those things. Um, I put it in in my in my journal entry I'm already long the market. So shorting right here doesn't hurt me I'm just trying to game a little bit more out of it. That's it. Whereas Sometimes we don't see some of these things. We don't see any of the notes there They're not in the post or anything else. So make sure you guys are putting those there David mentioned that as well That's all I had these two. These are these are great overall. They are a tough trade right there on that pullback yeah All right, let's uh, let's move on uh guys to um, uh Let's see it's uh me or i'm sorry. Who is it here? Um Yeah, all right Yeah, let's go on on to um, uh, I don't know the screen name That's no robert about dms robert. Oh, okay. Okay. Yeah, uh, so uh, yeah, and I don't know robert if you're in here We can turn on the mic for you And stan I invited you to speak. Uh, so you're you um are uh able to uh to join the stage speak, um So, uh, all right, so, uh, why don't you uh Continue on uh David what what does you uh want to comment on here? Yeah, sure nice post great post If I sort of reiterate the points that we've been talking about sent in some contacts, etc, etc Whether there's any news, you know, I know we're sort of laboring and hitting in that point Nice to see an m e s post now those that have watched and followed mobi Uh, he highlighted this So good for years ago that you can often get better structure on the micros and I'm I'm I'll rudely say I don't think mobi actually Discovered that himself. He probably picked it up from somewhere But you can get better structure on book map on the micros To lead you to trade now, whether you want to trade the micros or trade the minis up to you And I and I do run micro charts Uh on on mine, but I rarely rarely post them the candle chart This is back to what I I touched on at the start using different systems to give you a different lens Trading for me. I've used analogy before Yeah, if I use the super bowl from sunday, it's a game. It's a football game We just sit in different parts of the of the stadium and we have a different view of how well things are going or not going And I I use those different systems and like here it's a two minute time chart fantastic at the moment My favorite time chart is 30 seconds, but I often play around with that As well as tick charts and obviously as well as as book map This chart here the the one on the left is fantastic in terms of Steve nissen those that know steveness and he uh was sort of if I say more of the godfather in terms of candle patterns out of japan You can see the level marked of You know 5042 the price is coming down We've got they're they're sued what a suit called pseudo hammer candles They're they're they're highlighting some exhaustion with a thin whip the the prices did blow on that level But it quickly comes back up. So you've got trapped sellers and buyers are coming in A key candle there is the red candle on that line, which I say it's a broad Hammer candle you can see the volume below is in red. So it's it's the the red bar above 714 So that's it's the selling going on there, but the price really isn't going down It's a clue. It's it's you know, it's it's not a trigger But it's a clue back to using that sort of phrase Of exhaustion now other things I I don't have my own charts for this particular moment in time But again back to looking at those I mainly trade reversals So I am I am interested as I call it voodoo in terms of the vwaps embers or EMAs market profile Higher the day high of yesterday or all those different things that that you will get And as jecker was just talking about on the previous charts where You've got that structure and the market can react to it And then you're looking for that and you can see that then on the bookmark book map chart You've got that lovely v that lovely v you got the red coming down and then very quickly You've got some green bubbles coming in it's below the the point of control the volume point of control the yellow line And fit off it scoots now. I'm assuming the time here bruce is It's eastern time and I'm presuming this is you know, it's it's extended trading hours or electronic trading hours Whatever you want to call it because it's pre pre pre bell and so forth So a little bit more context would be nice for me But yeah, good good posting and can't stress enough good seeing that confluence of candle charts with with book map Thoughts bruce, please Yeah, yeah, I really like we've talked about this actually last week and then Rob, I'll go over your charts in a bit here, but Um, I like seeing this the setup Uh the flag pattern. What are you looking for? You know what you're looking for does it match? Uh and go through your checklist And uh, uh, you know, this this will help you Identify good trades and keep you out of bad ones Definitely definitely wise words On the top right book map image um I really like to that there's you get that the cvd v so you know volume is really shifting that location But you really get that pull back to V poc with that flag pattern and I really think that highlighting that um in your journal entries For longevity is incredibly important. You do a great job here putting it there Just put it on the chart too. So that way when you go to look at this chart in six months You're seeing that Breakout above the change in the structure the pullback to v poc And you've got you've got a good potential entry there. There's two two Two consistent entries. You can take the breakdown or the breakout In this case or you could take that pullback off of it. Um Highlighting some of that stuff is it's kind of important. So make sure you put that on the chart as well Definitely Not just in the microstructure, but yeah get it on the big one too. So you can see it Really great keeping it in notion. I think that that's going to be great for you using multi charts If you do use multi charts, I do recommend something like that For me, I just end up with more images and they're just like part one part two part three or four This is a superior method. So good on you for finding something for efficiency I think that you'll all know you can turn candles on Bruce. Can't you on book map? I do see some people do that Over a few times some people ask about it because they don't necessarily know but it's it's pretty well known Okay, let's go through the next one and then open the mic for uh for robbed. Is it is it uh That's who this is. Yeah. Yeah, okay. Um, so uh, David any any comments on on this one here Um, yeah, we've got several little looks. So again, it was back to the time not quite sure What time zone we're on we've got VWAP, which is a nice kiss and kiss and roll if I've got the Have I got the right chart there Bruce? Yes, we do the top. Yeah. Yeah the the purple one. So that's a that's a great I think it's a pre-market trade. The price has blipped up. You've got you've got the red coming in on the cell It's on that it's on that VWAP line and then it pulls back Which is good. It's a great bit of price action for sharp scalping and two-way trading The thing I was going to add in here would be interested to know Uh, is how how how are you are entering and you mentioned this last week Bruce about trades, you know How are you how are you trading them? Uh, one of the the things I've been posting quite a bit recently in spot gamma is using stop entries Showing people how you stop entries to get into that. So take this example where the price is coming up to that VWAP If I I'm anticipating That this is going to this is going to scoot back Then I could be placing a stop entry whether that's at four nine 78 50 or something. So I if I'm right I'm in quickly the stops have been managed by the system and off I go So it'd be nice to know from you What you Robert what you are thinking of doing for for for trade management within that and all the other things We sort of said but you've got the looking down. You've got the lower liquidity levels as I call them bloods at 67 66 65 and 64 Which is Bruce you might say that's algorithm or something It's quite formulate with the blood and you can see how it's come in as you've as you've got at number one Price scoots up new blood comes in And the blood is not chasing. It's not bullying the price up which indicated I know it's hindsight. It's indicating the price was was always going to come back down It's when those levels start to chase the price up that they're bullying it upwards here It's like no, this is this is a v-wap up. It goes and back. It comes down system driven Thoughts bruce, please Um, I'd like to hear from robert. I mean, there's there's one thing that's really nice on here I mean first off your your your v poc Uh has shifted you've got your v-wap here Uh, and then also look at your human volume delta now. This is I think you're on west coast time This is 630 am so this is the cash open but uh, Look at this thing just dropping like a rock This is this is a beauty Yes, it is one of the things that stood out to me is the size of the volume dots is pretty small on the pull backs comparatively to the size of the volume on the pushes down So you can tell that volume is entering on that more impulse and everything else is kind of a reaction to That that volume of that imbalance to a degree on those pull backs and then it's just more more effort pushing down Yeah, yeah, feel Nice very nice robbed Yes, you have the floor Thank you Welcome. Well, thank you. Thank you. Thanks for having me. I mean, it's uh, it's an honor being on here. So thank you so much Oh, sure. Well, uh, any any comments anything you wanted to walk us through on these two images Yeah, so the image you were looking right there was the reversal that I was actually trying Um, it came down into number one You got the initiated buying and then when it came down to point three, that's where I got in long Trying to get up trying to get a move Uh reversal up to I think I saw some liquidity if there's a number seven at the top right so I was aiming up there But um, slow down actually came in Afterwards and gave me some feedback. I really missed the volume on this trade. I really misread that Um, the the the selling volume was so much greater And the reversal actually came down lower and as you pointed out that stair stepping liquidity Just if I remember this trade correctly or this day correctly came all the way down Every single one of them didn't it? Yeah, it did you mean in this area here Or where we're uh lower 64 down there. Oh that's there's this this area. Okay Yeah, it eventually if I remember the day correctly came down took out all that liquidity And then reversed and actually even went up to my original target of number seven So it was definitely uh Just excellent mentoring by slowdown in that sense that I since upgraded that set up the reversal setups to take more account volume So one of the things you're missing on it from the from what your setup is to the execution you look to get in at three But if you look just left of three in between two and three you do have that other swing swing low down there And it does form that lower high So that tells you that you do still have quite a bit of that potential selling pressure And with the volume kind of being very light to the to the positive side to the to the buying side That kind of gives you some indication that this could be a painful trade Yeah Yeah, unfortunately, I missed all that but definitely lesson learned and you're not the first person to miss it Yeah, thank you. Thank you. Probably it won't be the last time I do that but definitely something Not even in this room Yeah And then um anything else would like me to go over the previous trade. Uh, yeah, maybe maybe you want to go over, uh, this one Yeah, let me take a look. I think I got some notes underneath all that if that's my notion doc Yeah underneath those images Oh Underneath it here. Ah, right. Yeah Yeah, so I saw that Um, I was watching this and saw that es was locked in this range He had like that liquidity up to the top and bottom And so I was kind of interested in taking a setup there, but I don't really have one So I decided to just kind of wait it out and see if either side got taken out And I when it came down to that very bottom, I can't really see what number that is it's Let me look let me probably bring that up for myself Um Here 42 Yeah, yeah, yeah 40 50 42 I was tempted to maybe go short when it went through came down But then I looked at the nq and saw that that was holding up the vwap pretty steadily And then uh, at least on What I have is a watch list That I have all the sectors of the es kind of mapped out and I saw that the risk sectors were holding up pretty well and the often the um Risk off sectors were kind of pulling back And so I thought man, I don't think this is a short So I waited and eventually it went up and took out the top of that range And that's where I decided to get in a continuation setup. Nice. So the next setup was it goes up hits 50 46 pulls down Got some liquidity the the the order book looked pretty good And that's why it took a long and took it up to the liquidity up to the top side So yeah, I try to kind of pay attention to the context of the market Right before really looking at a setup. So kind of looking at we're all the we're all the big names the big weighted stocks of the es doing like what's apple tesla Google, you know, what are all these stocks doing? What's the nq doing? and Taking a set up based off of that Even if you don't use emas or different kind of, you know training styles You can still get a trend direction so that at a glance you can see what things are doing Not necessarily great for entries and stuff on those particular things But with that confluence for the correlation and then you're looking at, you know, book that for es and nq it gives you a lot of good correlation. So it's very good to have those kinds of assets Yeah, definitely. I am trying to be a little bit more minimal because hand when I first started trading I went nuts with the emas and moving averages and pivot levels and all that so it really was everywhere Yeah, so I'm trying to like kind of scale that back, but you got a good point It would be nice to have that on then just get a little bit more context For for one of the things I use I just have trading view. It's just a I think it's like a 12 panel Set up and it's just one of the tabs and I just pull it up when I want to see stuff and then Hide it back when I don't and then the things that I'm looking at active in the day are different But it might be overlapping But yeah, it's good to have available randomly with you can do the similar thing with the TOS as well And another thing I've done is I've taken Look map and I don't necessarily recommend this and we should have a decent pc And I've grade laid out on a 4k resolution The different assets So they're all in like, you know a four by four grid or something or two by four grid And you can see the liquidity really well there too Oh, yeah, so But you are going to Really work your gpu and processor if you don't that way Yeah, yeah, I do have that grid on thinkorswim. I had just the candlesticks, but I don't have that works just as well For the most part as long as you see a trend an idea, right? Yeah, yeah It's getting a glance as you say it's getting a glance of what what's happening on the fangs or something And I do that I also do that with spot gamma what's happening the options just see I'm on the The phrase after news. I'm on the right side. I'm not picking a fight with the gorilla. So if I'm going long I'm not suddenly. Oh shit, you know Oh Nvidia's tanking That's a bad trade, David. Don't do it. Yeah So something I'm experimenting with that I haven't done too much with is um, the advanced decline Issues Yeah, yeah, I do have that kind of set up on thinkorswim and I'm and I'm watching that to see what the broad market is doing Um, I haven't really figured that out yet, but I have it up and I'm so Watching it. It's a great tool in general guys. We we gotta we gotta move on Uh, but uh, if you want to wrap up on it advances declineers I mean like uh, we're here we're here more for the order flow, uh, but uh in book map, um but uh Yeah, I'd like to get the kind of weave the discussion back that way Yeah, yeah, sorry about that. No, no problem. No problem. Um, Anyway, anyway, I'm sorry jack if you want to finish up your point there Um, no if you're gonna use the advancing and declining you need to keep keep track of breath Um, and that's gonna be you need to keep track of the indices themselves Um, you'll notice in in my book map if you look at any of my images I have the correlation tracker for in q available And then on my in q chart, I have the correlation tracker for es and rustle And that gives me that breath to know Okay, if rustle is incredibly weak Using order flow and looking at the order flow, but in q's kind of rallying I know that it's more of a risk on type of situation and breath is declining In the morning so you can see that with the order flow directly And then if you see something where the correlation gets kind of really out of sorts In that correlation tracker you can pop over to that chart and see maybe there was you know, a large sweep Maybe there's going to be an imbalance there. Maybe there's an order flow set up there Or just a massive block of liquidity that you didn't see ahead of time So and that's why in my chart you'll often see that I have those that correlation for that reason because it gives you that Breath while you're still looking at es or in q for that depth and it kind of keeps you a little bit balanced between What the market's doing order flow wise Gotcha. Gotcha. Thank you. Thank you All right. Well, thanks rob and uh, let's uh, let's move on uh, jack you're next uh, and uh I don't know if you want to why don't you share your screen? Uh, and then Okay I'll stop hold on Okay, let me pop it out here. Okay, so guys on tube can see it Okay, so The two traders I've got today are donkey and caesar. Um, we're gonna cover donkeys Um In the meeting here and then I've left notes for caesar and I've reached out to him as well So he knows what's going on there. Um, but we really quick here the reason I wanted to highlight this is because it it takes part of Um, something that we forget a lot in our day when you're doing this day in and day out for years Like some of us have been the monotony of the day can get distracted You know, you might start reviewing a web page or something else You've got to find a way to keep yourself interested as every day progresses And one of the ways that I found that donkey did that on this particular day Is he changed some of the colors that he was using? You know, he's looking at different colors in his chart today. He's just keeping things fresh And to me that is huge overall to be able to do now aside from that We actually see some really great content here. What we see is we see a rotation of volume Let me kind of highlight what are you going here? So he's got his his overall his date right here at the top Which is what we want to see we want to see, you know What day is this if you if you don't have it tracked in a file name or whatever And then we see exactly what he's looking for here Again, this is kind of a setup So when he comes back to it from his journaling perspective He's able to look at this and then he also takes this and he's showing what he's looking at in the chart We can see that he's looking for volume to decrease and then once this volume kind of fizzles out He's looking to take a reversion back long This is a great concept if we're going to look at reversion looking at the order flow and the way volume is being treated Especially with tools like market pulse where you're going to be able to use not just the price change indications But the volume pressure and balances so you can see down at two He's got that strong selling pressure coming in the market And then he's got the response in the price So he knows this is real selling So he's watching his cvd and you can see it starts to flatten out once the market flattens out here And once that volume leaves from these this large Sell action That now has a imbalance essentially. There's no more of that large selling Whereas there are more buyers that have accumulated to this point And he's looking for that potential long and he's looking for an entry here Off of a break and a pullback that stays out of his channel area Which is a great opportunity and that's similar to one of the previous trades that we saw Where you could take the breakout if you want. You might be in a small drawdown But if you wait for that retest and you get that continuation you want You could get that long opportunity and where does he look? He's looking for that passive liquidity, which he has been tracking and he noticed it even moved lower This overall is a is a great setup So I want to open it up to donkey Don't you have anything you want to add to this because I really like this from that perspective, buddy Well, I appreciate um everything you said there you covered most of it. Um The the change in the colors and playing around with all that kind of stuff is a is a healthy distraction that That keeps me connected to what's going on But not clicking the mouse Or at least not clicking the mouse on my execution platform um And the reason you'll see me enter on the retest quite a bit is because i'm always using limit orders on the nasdaq So i'll miss the breakout because there's no way I would have a limit order right there until after that happened, um But yeah, I really really rely thank god for meeting crash back in december. He kind of pointed me in the right direction with um with the sub chart and This trade today actually Or this trade on this marty grahl trade Actually was the setup I used for the little scout that I took today um It's i'm still really uh green with reading the heat map and and finding the liquidity unless it's super loud uh so Yeah, and then it's gonna be harder on in queue because of how much in queue can move it's it's at Points is very much more drastic than say es just the size and scale So that's going to be a little different. Um What I have seen is I have seen people use queues To help trade some of the in queue futures at times So maybe looking at adding that chart and you can flip back between the two to see Yeah, I've got I've got the queues up on another screen I've got plenty of resources on that on that front, but you know as far as the the order flow goes Yeah, I almost I'll often drag my my chart to where the price action's right in the middle so I can have more space on the right So I really like to watch how the heat map acts on the right where price, you know in the future if you will um So I'm looking at that almost like I would look at the dom Um, which I really use a lot to manage my trades and and to find my entries and and that kind of stuff as well Um, but no, I think you said everything that I could have said there. Um, I defined things a little differently I believe then is standard for the forum Um over the years I've developed kind of my own definitions for exhaustion and failure It's the same thing. Yeah, I mean we we we all generally have a good idea of what people are saying for the most part So I'm pretty sure we we don't get hung up on those too much Also, everybody we've met with it including yourself has been very forward with, you know, this is what I was looking at Maybe I use a different name kind of stuff So it's always kind of getting that that community going which is really the biggest importance for the academy in general just try to keep that community kind of growing and building and Making sure these meetings are helping people. So You know, don't worry too much about terminology Yeah, very very cool. I would I would also throw in that I don't normally get this many points out of a trade I'm always targeting about 12 to 15 points But when they don't even pull back like you can't not get this many points It didn't even give me a chance to move my stop and I wish every trade looked like this but But they it sure seems to have been it could because we're bouncing around all-time highs and all that crap, but I've seen so much rotation lately and that's really really hard for me. I don't have I have the staying power to take One or two pushes and then I'm out Um This is kind of similar to the the other trade when uh, london ended you get that monster rip But it hit your target. So you were good Whereas other trade it didn't necessarily hit a specific target because I don't remember seeing a specific target, right? But this this could have pulled back a little bit and You might not even have a swing low necessarily. It could have just completely reversed on it, but right and you know I would say price action world The the five minutes where it based out It looks so much different than any other part on the chart Yeah, which I was actually Looking at this at I don't know 11 25 thinking. Well, I missed the short. I'll just have to wait forever I missed my trade, you know, I'm kind of complaining and then you get five minutes of this super tight range And it's go time. So also to mention for those not recognizing this is a one-minute chart timestamps um So this is looking at a lot more Infantestible structure a little bit more micro structures not quite truly micro structures But you're looking more at the order flow in that shorter timeframe So it does help with that, you know, breakout retest entry that you ended up getting it's it's really great If this would have been really condensed This might have been just a solid ripper and you might not have seen it. So You've adjusted your style to it and it's it's great to see Yeah, thanks. I was hoping for some more red ink, but I'll take it. I appreciate your time and I'll keep it brief today Bruce, did you have anything or David? No, excellent. Excellent. I mean, maybe on number three the the failure. I really like the Image you have that in mind Uh, and then you look right at it on the chart and it looks the same, you know That's a really helpful, uh thing to do. I think Yeah, great great chart the the thing You've sort of touched on there is this is a london close trade for me. Yeah, absolutely It's it you've got you've got that a little bit of consolidation segue in ahead Before london closes and then off it goes And as I often Call out within within spot gamma cta, you know, it's a call to action getting ready for that london rip One way or another doesn't always happen But it for me it's in the in the mind diary every day Where's the where's the london trade on the close to have? Well, uh, not to not to burst that bubble, but this is i'm central standard. So this was a an hour after the london close But I will say about the london I love the london close and the hour the 30 minutes before and the hour after Is probably my favorite time to trade Put this in the london close category. I still think this is a based off of london close It could have been a reaction from the sell-off Um, that's all I had And uh, I will let you guys Okay Thanks guys Oh, no, thank you. Thank you. Great great stuff. Uh, great great content Appreciate it All right, so let's see here um Uh, so that that that was it jack just uh, um Yeah, that's all right. We're just gonna cover donkey and and give you opportunity to do Stan, um, I've already spoke with caesar and he's not here right now. Got you, right, right? Okay. Okay, uh, let's see uh stan. Are you set to go? Hey, hey, there you are All right. Yeah, amazing. Yeah Excellent excellent. Um, so let's see. I've got your Uh Notion chart here. Hold on just a minute Put it up For back. I don't see it here. Yeah, so I would suggest him to maybe have Bigger picture to have more context about what was happening We can clearly see like the big drop And so I think he was looking for hard rates He was looking for a good confluences like uh buying volume I would maybe so yeah, it's More clear on the es As the nasdaq like just by the buying volume like he was highlighting the right charts Yeah on the es we can see like he was Highlighting the relative volume on the bottom. Oh the relative volume. Yeah, exactly. Sorry. Yep. Got it Clearly for me the difference with the mq after I don't know if he was really If it's a big point from his strategy, but uh, yeah for me that was looking more relevant on the es site Uh, I was even Maybe suggesting to highlight more, uh, builds like the conviction of yeah bias That can be time insurance or whatever he wants, but looking the behavior of the market directly Like the red circle than I But some the nq Yeah, exactly We will have more understanding about what's happening there and on the yes, so we can clearly see the buying volume plus Yeah, the big bias stepping in after his CVD plus uh market boost and spike Uh And one more thing It would be just good to put hour or circle where you took the threat where you enter and Yeah, to have a better understanding of where you to profit where And even where your stop is. I don't know if you're there. I didn't see you and I'm not sure if the caution The liquidity was your stop It would be good to have more More information about it Yeah, that's That's the only thing that I have to say Okay, excellent excellent. Yeah, I I agree with everything there stan There's a there's a lot of nice confluences And you've got a you know highly correlated market as well And you're looking at both and you're seeing basically the same thing, but I really like you looking at the high liquidity in both Uh, you know, uh, then you see like what stan had put in with the volume here Uh, and uh, you had noted that uh, uh, also down here with your market pulse And and the volume starting to kind of kind of shift and change So you've got many things in here telling you about a potential move uh, and but yeah, it's Those things are in there I totally agree with stan about entry Where exit where? So I would suggest and I really highly suggest to all the academy members to Try to trade with book map Um, and use those tools, uh, even if it let's suppose you you execute in maybe another platform It's fine. You can still do it in sim in book map And it just gives us, uh You know some some areas of like, okay, this is where you're getting in Uh, and uh, how you're managing it and where you're getting out how you're moving your stops or take profits, etc Uh, and and that's a whole nother side to the coaching here That can be really really helpful Yeah Yeah, that's a great And even like maybe have more checklists and more consistent checklists as We spoke with coaches Yeah, yeah that that Absolutely stan and that that's a I want to talk about that in in a little bit here Um, I don't know if so the mic is open, uh for uh for vac But I don't know if he's here Not we can go on to another one Yeah, so the next one shot blue So yeah first I took the The one that he used for I think it was context. I I don't know if you dare shock And he's he's here I perfect if this picture what just About context and to know like the point the level that he was looking for To potentially enter on his his one two three setup Can you hear me? Yes. Yeah I am here Yeah, great. So I was just wondering if the This slides was more to have a context Yeah, that that slide just shows the Where that where that resistance is is right where my My my trigger for that reversal setup Oh, yes for context Yeah, but I find it very great. It's just like I was Wondering if you made your kind of money meeting then you are A lot of doing I always watch those those pre-market pivots Typically on a 15 minute chart, but they're they're so reactive after the open to those pivot levels in pre-market Yeah, yeah, I agree. So this one was just for the context. You can maybe go to the To the next slide Who quite highlights all important point than I feel important? I would just say maybe for the exhaustion. I don't find all the exhaustion exhaustion I think for a jack is more when you have no one at the end of a queue But we can clearly see like on the left side Just after transacting in liquidity. So we have this Exhaustion and then another move back and you put a red Red circle on the left Yeah, the one on just above it. Uh, this one here. Yeah, exactly. Uh, I'm not sure I would call it Exhaustion Okay, so so stan honestly, I have a bit of confusion Delineating between exhaustion and absorption and and bruise kind of broke it down for me one day But I I I still get a little confused there Yeah, the best way to look at exhaustion is the bid-ask spread will widen Whereas absorption, you're going to get a lot of volume in a very tight bid-ask spread until One side gives up and then you'll get your reaction from that Yeah, and typically absorption will happen in high liquidity and you will have a big volume in there When you will see exhaustion, uh, you will see no interest no bubbles nor or jack told me once like Yeah, zero zero traits on the top of the on the footprint for example, so you can Example Now That in that particular Action action there where we saw it It could be a little bit of exhaustion. You can see the bid-ask widen a little bit It's really tough to see with how narrow Your view is on es because with yes, you got to remember that market makers are required to keep bid-ask to a specific Amount and it doesn't widen too much outside of those large Market moving things, you know fomc where basically the entire order book drops out and that kind of stuff So you can maybe argue this is a little bit more exhaustion To me looking at this though and bruce will probably agree This looks more like a consolidation as opposed to like necessarily a true exhaustion Just because the amount of Volume and trading that you end up having at that level over the course of about like five minutes there Yeah I I I think it I I really like What you did uh shark blue like I I agree with stan like this might not be exhaustion and exhaustion Um, I guys I would actually argue Like very very very strongly that it is very important to be uh spot on with your terminology I would suggest going to our glossary because We all want to be talking about the same things and When you say exhaustion we all have to know what you mean or if you say absorption we have to know what you mean And it's really important And and then like You you are very clear on the concept And then now you can use that word and you can communicate with others Uh with the same terminology and they will understand what you mean as well So I I think it's kind of important and I think you've got a really good point here about Exhaustion here. I mean look at this. I mean look at the delta And look at this over here. I mean like This is it's telling you something and then you know right in here is like the sellers are coming in Uh, you get one more little pullback here and then they just come right through And it's the way I'm the way I'm the way I'm seeing it Is when I see that big bubble like like right there where I have those exhaustion arrows if I were to see a big red bubble Without seeing that that that bid ask line pop through I would have called it absorption But since I see that You don't necessarily want to do that because here's the thing you got to remember that book map's going to aggregate volume So if there is a lot of volume there like it if it is a substantial print of volume there which can happen quite often um That bid ask might widen the most it's going to widen Depending on your rendering resolution within book map, but that volume dot is going to be bigger So when you're using the five-minute time frame, you got to be aware that you're going to get that aggregation in there a little bit And you you need to be kind of a little bit more cognizant of of that particular aspect It's not just the large volume. It's the bid ask spread widening showing that there's no active market participation In the aggressor format and that's in the the learning center. You can actually see that where we talk about How the order matching happens and how those orders recede back and forth That's a great way to look at exhaustion. I mean, I think it's one of the first lessons in the learning center, Bruce um Yeah, you might you might be talking about uh, let me just quickly show it go to education from book map dot com Uh, and then this one here Maybe market mechanics tracks. Yeah, like this big contracts. This this kind of stuff. Yeah, that's it right there So, okay, I've watched this. Yeah, so think about it in this context. Okay, so Um, think about your trade that we just had in this context right here If you had instead of that 12 contracts, let's say you had 300 contracts right there Everybody's fighting over that level for whatever reason it is. They're just trading that level that volume dot relative To the rest of the screen is going to be very enlarged showing you that there's But when it subsides when when everybody goes their other ways and the fighters go to their corners That bit ask might widen three ticks and you're not necessarily going to see it because of the condit the condensing of your um, uh vertical price scaling So if I were to take if I were to take that five minute consolidation And spread it out across my whole screen. Is that is that where I would look for the exhaustion You can still see it in the five minute. You can still see it in the five minute That's not it. It's just you need to spread the price at the price itself a little bit at that Okay, the vertical the vertical ladder. Yes, you'll be able to see it better there so One of the things about exhaustion it has nothing to do with the order book Uh, it it has everything to do with the aggressor Yeah, uh, it means that there is no transactions up at that level here So remember when aj showed his uh footprint chart it, you know, was there was a one up there and uh I remember that. Yeah, that that's what it looks like and this is this is you you're nailing it here This is exactly what it looks like in bookmark. Yeah, it's the same same thing But there are times where you're going to get that large print there. Um, so just just be aware that It's not just the giant red globe or giant green dot. It's not just that it's the bit ask spread White and that gives you that exhaustion um And in the bid might not necessarily or the excuse me the ask might not necessarily retreat maybe it's the bid that retreats, you know, so It depends on which way you're looking at any specific cases. So That's that's exhaustion, but bruce is okay for that. Okay, so We need to delineate delineating between the two. Um, I will continue to work on Yeah, that's great though. I mean, this is still really good. Like you did get exhaustion The the run up isn't necessarily exhaustion Well, if you look Bruce if you go back to the image real quick Just one last thing here on the left hand side You've got that upper band of liquidity that price eventually breaks through and it's the first arrow of your exhaustion Yes, that is exhaustion Because what ended up happening is the amount of volume at that specific time frame Had to break through once it broke through there was nobody else On on on the bid and offer right there, right? So you get that Bid ask spread widening and then you get a little bit of a retracement and then people come back into it So right there that that is exhaustion to a degree, right? Because you got that big push through that area and then there was just nobody there on the other end It's like oh We're not trading this level anymore and then you get that pull back and then More volume comes in and we can see that literally in the volume chart of the bottom so you did fine overall, but We definitely do you go to can you go to the candlestick chart? But kind of going on with what bruce is saying for those specific elements when it comes to those very very specific terms We definitely do need to be precise on those Okay, I understand something a flag pattern or a bearish reversal or a risk reversal or Any other random names of trade styles that doesn't necessarily I'm looking for this same thing Uh in the first 90 minutes of of the regular trading hours And that that that particular reversal was a really really big one for me Yeah Yeah, you nailed it Yeah, you can see up at one. You've you've got That long wick right there, right? So price tried to transact up there and then just nobody decided to come down and in that footprint chart for that candle It would show you that you know zero or one or like it would it would show you a bid bid cross it Ask and it would be very off But yeah, this is great I've been playing with the footprint and I'm messing with all the settings and and still trying to find that That spot where I see where I see the orders, but I'm I'm really liking it so far And I think what it could maybe take advantage of it too. It's uh trying to highlight potential trap Sellers uh trap bias in this case like if you come back to the other side Like you were playing around with the footprint in book map and it's pretty much the same as you were using cv Vp or svp, but we can clearly see like your potential Trap bias on your footprint to like the delta. Yeah, could give you may become more confidence Uh, yeah, just to say Something but overall you are always looking for the same setups. I really like your consistency and you are doing a great job Well, thank you stan. I'm gonna I'm gonna keep I'm gonna keep grinding away at this setup Yeah, that's very good. That is a really good example of the footprint up there though And just I think where you enter I'm not sure you had to short term liquidity. I think it's appear a little bit after but overall that's a good one Uh, yeah, uh, the second one in the middle this one Just above so yeah, you can take this one. So he entered at the number three And so the number three it's uh when we broke so you can go In the previous slide Yeah, so when Yeah, a big service came in I would just yeah just because I like short term liquidity Have more short term liquidity when do server side pushing down Yeah, that's a good point Um, I I totally agree with you stan on that and you always say it Uh in these meetings, but it is such an important part. Uh, and it's not to be discounted I mean it what happens in in the market this kind of stuff in here, uh with That liquidity and then reaction to that liquidity It's a supply and balance here And uh, it will help Uh, you know conviction in that trade So, uh, look for it. Uh, it's an edge Yeah, and I think it's why you are coming in book map because if you're not looking at this liquidity or At this volume, I don't know why you're already Looking at book map Yeah, the strength Yeah Um guys, we're over our time. Um, and uh, I think uh, we're gonna have to Um, kind of cut it cut it short here. Um, I I did want to mention one thing and and slow down also Um, let me just uh, uh show you here first off Alan, uh, there's an image in here that stan covered, uh as well Uh and uh for you and then um Uh, that's that's it there. Uh, I also want to go over. Um, slow down. He's not in today, uh, but uh He picked up the slack for us many times. So, um, he uh, cmj vinny v Daniel, uh, you guys are covered in here. So, uh, I'll put this a link into the chat for you uh, and um You know, slow down always has some very very Uh, comprehensive and considerate um, uh Feedback, uh, so uh, uh, and you know, he spends a lot of time on it. So please take a look Uh, and then uh, yeah, stay fresh here. You just friendly advice to traders. Um, you know, keep that open mind Uh, and uh, he has a Zen uh quote in here. So, um That you might want to take a look at that, uh the um I just wanted to uh, briefly cover, uh, something uh, and uh, that is with rob and uh I have my feedback as well. I'll put all these links into the into the chat for you guys in the bookmap academy So you will see them, uh, if you were covered in here Uh, and uh, yeah, caesar. He was not in today as well. Um, so Let's see, uh What was I gonna cover here? Okay, so um Oh, yeah, use your account. Um, I just uh You know, I you're you're it's great to see you in here. I know you're in today Um, I I just am looking for a bit more clarity in these, uh charts I just don't I'm not not seeing what you're seeing. Um, uh, and then d&t matter Uh, I just had some uh friendly advice in here because your stuff is great Uh, but um a few things it's there's a lot of work in here, which is great Uh, don't burn yourself out though. Uh clarity it it helping you Is really what this is about Uh, so you need to communicate that but it helping you like this one was was simpler. I thought um I would also suggest using um instead of all this marking up you and you do have your numbers in here Uh one two three what you're looking for? um, but consider a um checklist Uh, and then rob Warms my heart. Look at this. So, uh, we talked about putting a setup checklist together. You're using the tool here Uh, and you're identifying it on the chart Uh grading it as well. Uh, and this I hope is helping you It looks like it is you're identifying very clearly now these things trap, you know potential trap traders You know your uh your impulse move, uh and You know measured move, uh, and you know these these elements in here pull back Entry in here. This is beautiful and I'm hoping That this Setups checklist here has helped you Uh get get into this this mode here. It appears like it Instead of being all over the chart all over the place very clearly Identifying these things you got it. Keep doing this. This is the direction and then you'll you'll get really good at it You'll get better at the grading as well It'll become more objective For you because it's kind of subjective when you first start and then Identify it on the chart. You'll then you'll be just looking for your your entries And you're identifying that here's your entry here and another potential uh entry in some of these areas, but Beautiful beautiful stuff, and I hope it I really hope this is clarifying things with you Um, that's all I had guys. Um There was one more thing, uh Housekeeping thing So, uh, well thanks to all the coaches first off Stan jack slowdown david, uh, and and thanks guys for all of your, um Uh, you know chart, uh journaling here Uh, and if I didn't cover if we didn't cover you this time, we'll get to you next time. I know, uh I wanted to cover uh aj as well as, um Uh, uh crash f16. It's been a few weeks and we haven't gotten back to you. We will uh next time Uh, but uh anyway, um, sorry about uh anyone else who we may have kind of uh glossed over So if you guys want access to the, um VWAP the anchored VWAP tool, uh, you can get it now. Uh, you'll you'll need to sign up, uh, and Like I said before at the start of the webinar, you'll need to sign up with the, uh, um What is it? Let me find this slide Do I have a slide? I don't have a slide anymore. Okay But you'll yeah, you'll need to sign up and Match your discord and email together, uh, and then you will have access to the room Uh, that's exactly why we came up with this this whole plan to begin with Uh, so that you can get access to these things. We know who you are Uh, and we'll we'll gladly give you access to it. So, uh, uh, dan, uh, if you, uh, I think you're probably Put the uh link in there. Yep Did you know, uh, but uh, anyway, uh, uh, yeah Look look for it. Uh, and uh Have access to it. There you go. There's the room. It's uh in the beta room, uh av WAP AV WAP anchored VWAP Uh, good to go you guys that signed up you can download it there. You have to download it Uh, and uh start playing around with it. Um note that it is a little buggy. It is beta Okay, uh, so, uh You know, you may if it kind of screws with your your charts a little bit, um, you know, just remove it or or You know, and then add it back again or something like that They are working on it, but we wanted to release it for you because it's been much requested Uh, that's everything I have for you. Uh, any last words david jack stan No, I appreciate the time guys Likewise appreciate the time and keep the trade damp everyone. Good luck Thank you. Thank you All right, thanks guys. Take care. Bye. Bye. Thank you. Good night. Thank you. Bye. Bye