 Good morning traders and welcome to the live trading webinar with Bruce So we do this every one Monday Wednesday and Friday. This is the analysis that is Live forward-looking. It's not hindsight that meshes with our Site with our educational course. So you have the educational course learn from it and then apply it here This is the testing ground. We'll do it in the live market so you can Start to trust it start to believe in it start to understand how to use order flow And then we have live trading two days a week with a J trader a stocks trader Wednesday 10 a.m And scoppelsini a futures trader at Thursday at 10 a.m. We also have In the morning, we have a crypto trader rain he'll be going over a live analysis of the crypto markets and then we also have Tom be who will be coming on directly after this webinar at 11 30 So let's go through the disclosures and we'll jump right into the market and take a look general 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. All right. Good morning, everybody Let's see JC moon Alano some new faces in here rick R ricky R and and rob. Good morning All right. That's over in our discord channel And then we also have YouTube going here as well. All right guys, so let's jump in. Let's take a look here. What what do we have going here for the week? Or the the outlook here um Well, yeah, I mean you can see it just around nine after nine o'clock here We have a nice reversal that took place here You can see that it had been down The the trend here and then we had quite a bit of buying come in It started to lift that market. You can see it again here 9 30 cash open And then looking for some of these swings here to test up here Maybe up here where it kind of broke down from or or the ultimate swings are up in these areas here from the overnight Of what i'm showing here right up into high liquidity here at 80. Okay, so You know, we we're actually talking about this now. We have 4,300 the figure up here as well And uh, well at this point in time That's what we're looking for we're Looking for pullbacks and we're looking for continuation until we see something different in the order flow and so Yeah, just continuing on up here looking for 85 now. It's not going to be as simple as that But we'll go through our analysis here and and start to You know understand who's in control and where they might Someone else might take control from the market, but right now buyers are in control And they're also down here on the bid around this kind of 73 level and then also down here around this 68 or 69 level here all right, so We need to see Buyers come in to support this move here. All right, so in fact we can look at a little bit of market Structure in here and maybe maybe we'll focus on market structure today as one of the themes but Just trying to understand like You know, where is it a deal? Where are buyers and sellers lining up? How are they dealing in here? And who's compelled to buy or sell as well as we know that that's an important one All right, my video camera is not working for some reason. I'm not sure why it is dead Anyway, that's that So we'll have to we'll figure it out later um All right. Well, let's let's continue on here. All right, so we just drew up some structure here and it is trending and This is we're at a critical point right now in the lower time frame order flow So they are on the offer up here at 80 here at 79 And if we get enough sellers in here, yeah, I I would anticipate a move right down into this kind of 73 liquidity We just talked about Okay, just a test down to it There is a skew in the book and we had a video on reading the order book in here On friday, let me show you that and Maybe you could If you guys want to watch it Okay, if we go to our youtube channel here Under videos, uh, there's a few different videos that we have here actually Is this one here on the heat map? Okay, so We can open that in a new tab here And we're talking about uh, how to read how to read the Heat map in here. Okay, so uh high time frames low time frames in fact Uh, we talked about a very very high time frame on the heat map on friday Because we had a real big squeeze on friday and we talked about today Uh, potentially Being a move uh to the upside initially and then watch out for below Okay, so another squeeze try to get people To be buyers in here and this is what we're talking about in here Let's take a look. We'll take a big step back And take a look at our candlestick charts and we're going to look at um Uh The candle structure in here. This was this is on the daily here Okay, and we got back up above these levels finally, uh End of the week here, uh, and then the big push on friday All right, so now today We and on the way up in here We noticed a lot of uh limit orders On the on the cell side a limit cell orders getting filled many many many Getting filled on the way up here So starting to look for kind of cracks In the order flow by the aggressors in here and also on the limit cell side And we don't see it yet. In fact, this is very typical like uh, we see the continuation of this But uh, we're why waiting and watching for a higher time frame Order flow event here and right now it's simply Still to the upside the higher time frame event it is Well, we'll notice it. We'll see a real shift here And we'll see maybe the news start to get bearish or something. We'll kind of trigger this And instead of big green dots like this pulling the market up We're going to see big red dots and it will be tearing the market down All right, so when we'll be looking for that shift All right, so that's a kind of higher time frame, uh, and uh, let's You know take take a step back again and and look at what what do we have going on here? What what do we know? We we talked about something that was kind of speculative there in the heat map um On the on the way up on friday, so if we look at it here today Well, I mean, we're still clearly in an uptrend No doubt we're above these swings in here on strong volume Everything looking good The hourly chart also pretty strong Okay, there's no no real reason here in the in the structure. We're still making higher highs and higher lows Uh by by long shot All right Now what we did mark up on friday was this dotted white line here and that was the 42 50 area Uh, and all of those limit, uh cell orders that we saw Getting filled were above uh 42 50 So this is really going to it could be a really big zone in here We might bash around in here for a while, but this is where we're kind of looking for that shift in the market here Okay below that figure here because of what we saw on friday in the heat map And why i'm bringing this up here is just keep this in mind for your higher time frame Outlook, okay, because we know it we we know for fact that there was just a ton of Limit cell orders getting filled All right, so we don't see a change yet in the higher time frame order flow But when we do that's when we really want to pay attention. Okay, so enough said on that Let's uh, yeah, we're still bullish in here for today And until we see something different. All right, so let's take a look here All right, so we're breaking this trend. We're starting to see something a little different You can see the seller starting to come in here And Yeah, let's just start to mark up some some areas here. Here's where we had a swing pivot Buyers above retest here buyers above All right, let's mark that area up Right here. Okay, so around this 42 71 or 70 level. We really want to pay attention here Okay on this time frame on this lower time frame Okay, because we see the sellers come in Okay, so let's we're gonna You know that I think from the webinars and the questions that we've been getting the Uh, trying to understand who's in control we we covered this in one of the topics with the live order flow And we'll continue on I think with that discussion And then maybe look at some candlesticks, but it's market structure and who's in control in that market structure And we can start with a higher time frame or lower time frame. It's kind of what whatever Whatever is clearest, I think so let me let me get to some questions here And then we'll kind of figure out which direction we want to go with that What do I mean by the figure? Okay, so the the round or the round numbers 42 50 Big figures are the are the you know 4300 4200 etc All right, and guys for those of you attending You know this in this webinar here It's we're not specifically Dedicated here to the es just want to mention that You know, we'll look at anything in here Most people want to look at the es so we just stay there But we have some stocks you can take a look at in here. We have Cryptocurrencies, etc. In fact, let me Yeah, I don't think I can add a cryptocurrency at the moment. So, yeah, any anyway the Yeah, we can we can look at just basically anything. All right, so Tom be in the afternoon. He's going to be looking at Just the es okay and volume profile All right, and hi phil. Good morning. Yeah, I had a great weekend. Thank you. I could also check the top Check out the top stocks apple meta. Okay, yeah, so I have a bunch of them up here already. So let's take a look at apple Okay, and maybe we'll start here who's in control and and phil we'll just kind of leave it at that And and and just look for higher highs or higher lows or etc in the in the market structure now Who's in control here? Well buyers are okay. We see a big sell dot at the open But buyers above it into high liquidity pull back To that open supported. Okay, actually not much in the book here But it came back down into this area here and and we're still accepting above it And we made a higher high here. We're getting a pull back now Okay, so yeah, I would be looking for the pullbacks are pretty deep in here Okay, the the the breakouts are very shallow here So I would be looking for the pullback maybe down into this 71 50 Okay, this liquidity in here. All right, so and and and you can start to market Mark up your structure as well in here same ideas just looking at you know Where Price is the price structure is going to price action And then we want to understand the volume within those that structure And we want to understand the liquidity within that structure Hey, these these three elements here on the book map chart. So it was pretty back and forth in here and Yeah, I would look for this structure to hold until we see something different Okay, so we might spike down into this liquidity here and then spike back up And go through the different scenarios here We can quickly look at amazon amazon is selling off pretty hard right now We're hard enough into high liquidity here here and here Okay at 42 41 um Or 41 50. Okay, 41's a bit lower here Yeah, and same same thoughts same ideas could get a pullback up to this kind of 42 50 ish area where it dropped from Uh, but I I don't see the buyers yet And it's a little bit trickling in right now Again, look at some structure in here Anyway, let's so let's just cover the who's in control Uh, and we'll go through that exercise here here. You see the sellers come in here You see the sellers come in here here here This is where it initiated Uh, and they are just in control until we see something Uh different than that All right, so apple uh same concept here. Uh, it's just not quite as easy to read buyers in control Not much buying but they are still kind of in control and the move in here up to here That's why we get a pullback to that area Uh, you know this move here. Yeah, I mean it doesn't look like it's that it's there's a move we see buying on it It's just not that strong It's just not that strong. In fact, there's quite a bit of selling in here Okay, so that's what we see on these time frames now. This is where we see it starting to shift though See the shift see the volume sellers sellers sellers so Here's a retest here Now this would be maybe a shorter time frame Uh, uh possibility here or uh opportunity and this is not a trade recommendation But just to retest back down to here Okay, see if you can get uh sellers to come in again This is like a pullback here and looking for sellers to maybe retest back down here Okay, due to sellers being in control All right, so here's liquidity that's coming in we talked about this on friday with the heat map You see the Heat map here starting to light up on the offer and we're starting to find our sellers here. All right So buyers aren't really interested in and this liquidity up here. So we're looking for sellers to trade it back down to here Okay, so very very simple things in here by understanding this heat map Uh, and who's in control? Let's see rudy. What are you talking about here? Uh It doesn't mention the period used to show what you're looking at for liquidity Oh, there is no period here. If that's what you're talking about. This is one of the actually one of the um I think it's a huge benefit within book map. There is no time frame here. This is pure price action Uh, if you want to look at a specific time frame Well, we're looking at like five minutes here between each vertical dotted line if I zoom out more That's going to change now. It's 15 minutes and that can kind of divvy up your day You can overlay a candlestick chart in here And you can put in different time frames you right click on it or you can go up here And then go to your candlestick here And you can put different time frames in here. All right. So here's a five minute candlestick chart All right, but here's the problem with that with the Looking at time frames like this Is this is aggregated data within a period here And you can't see the nuances All right, you don't know like Is was there there was a little consolidation period here and then it broke you don't see that in the candlestick chart You just see this period ends another period begins and it continues to the downside. All right, so This is um We've always displayed it like this, uh, and I know that can be a little confusing If you want, uh, you can we do have a time slice tool here. I never use it except for To demo the product And what it does is it puts like let's say you want to look at 30 minutes Now there's five minutes between each vertical dotted line. However, I'm looking at 30 minutes total On my screen here Okay from the left is a sliding 30 minutes Uh, which means that it's a constant 30 minutes always There is no like A abruptness here to it. It continues to slide at a pace here that always puts 30 minutes within my chart range Uh, it maybe you want to relate that to your 15 minute chart or whatever, uh, but uh, Typically like at least I like to zoom in I like to see what's going on and some of the order flow in here Zoom back out. I already know I have context here of not understanding the swing Etc. Uh, on my, uh, candlestick chart Okay, so that answers that question. So all right, so we're back to who's in control and starting to understand that seller still in control here, uh, in amazon, uh, nvidia Sellers in control, right pretty clear there Uh here and here All right, so what about buyers? Well, they came and and you know, took it to the upside in here So they are being tested now Uh, and uh, love to see the sellers try to take it down into this 186 here Okay, probably gonna get a pull back here. You can see it coming in already It might come back up to test the control from these sellers in here All right. Is that any any um, kind of questions on this? Uh, this Uh, we're just going over a concept in here. We to understand in the order flow Uh, who's driving the market? And it's pretty clear sellers are sellers are All right, so we look for pullbacks Pullback would be here. We have a swing here, but it's not just because of the swing It's because there's high liquidity here that transacted. We'd be looking for a pullback there Also up here where the sellers dropped this very quickly. We'd be looking for a pullback up to here too Okay, so if we get enough buyers in here, uh, and and a pullback up to here They'll be testing these sellers and then we'll look at The volume dots in here who has more, uh, uh, you know power in here or more transactions and kind of look at Sellers remaining in control. We kind of curl around in here and see more sellers come in And move this to the downside All right. No, well, you're missing the the es Uh commentary. Yeah, I just wanted to cover this here. Um pretty quickly So, uh, we went through a few different Examples in this concept in here about who's in control. So let's jump back to the s and p All right. Well, we made it through this 70 level. It's kind of interesting. Uh, and let's take a look here at the The next level down, which we've already tested And the next level down below that would be here and then we're basically 9 30 cash open here All right, so let's take a look again at the, um, uh, go through that same, uh exercise Of looking at who's moving the market buyers buyers buyers buyers buyers Okay Sellers come in and they drive it lower here and they're below that swing here where the buyers were in control up here Okay, now sellers on the downside here Sellers on the downside here I know this is very simple and rudimentary. Uh, but uh, we want to understand though the relationship between these areas in here in the order flow Okay, so for example right now Although we see the selling coming in here. It's not that strong And we're starting to see quite a bit of buying in here and look at this this pattern in here This is a double bottom So I would look for the for the buyers to retest back up to 70 and maybe they can get back up to 72 here just based on the relationship of the of the volume within this little structure here And in a double bottom pattern you get lots of sellers here You have some buyers here retest very little selling here Okay, more buyers up here again Okay, so what we look for then is a retest back up to here And more buyers And here they go there they are now they should be able to lift this Okay back up not just to 70 but maybe they can get to 72 here All right, so that's what we're kind of reading in here Uh, and uh, you know more buying and we can look at the dots. We can look at the bars Down here and you can see quite a bit of buying starting to come in Right now if for this to break here, we got to get a lot of buyers up here And then to move up into probably the 72 area here high liquidity there. So now we just looked at in the structure Uh, the the volume pressures within this structure But the next thing we want to do and we want to understand is the heat map Okay, what who's on the other side of that trade? If all of a sudden we we're looking for the move up here But we turn this on and we look in the heat map and you just see a massive wall of liquidity here Wow likely There's not going to be enough buyers to trade through it So, you know, that's why we're looking they're just pulling in here and we're looking for now that we have this on We can see that they're not really here. So there's our test in the 70s still looking for it to go higher Hey, let's see if we can get a bit more Uh buying in here and you can see what's happening. So this just threw us off here Hey, we had high liquidity coming at 70 and what is the reaction to it? We've we found some sellers Okay, so this this Completely disrupts what we're looking at Okay, so We get a pullback here and now i'm kind of curious Okay in the order flow here We're gonna have have these sellers that come back down and retest our our swing low here Due to this liquidity that came in and skewed the auction in here And that seems to be the case here. That's what's happening and Back kind of down to this range again. How much selling was in here? Not a whole lot So that's the context and relationship within this range here. How much selling all right? Let's look at this here. See the bid coming in and we're getting buyers now. They'll take these guys on here Uh likely they'll trade into them and through them or this guy's gonna pull And then we can get our pop up into 72 Okay, so we're still seeing more buying pressure than we are sellers Okay, and now look at their they're they're Uh adding more in here now these guys just transacted at 70 And now look at them flip on the bid here Okay from offer to bid All right looking for more buyers And looking for the move up into 72 now Okay, very very simple analysis here, but understanding the auction Okay, we talked about uh on friday about reading the heat map in here, too Uh about understanding Balance in the heat map Okay in the order book This is a pretty important point that we're looking for in here is uh Where where do we have balance or imbalance in the order book? A lot of times you you'll see the um the order book very very balanced In fact, we can go through and I didn't demo this on friday. I should have We'll add a new column in here Okay, and we're going to filter this column. So it's another cumulative. Um, I'm sorry current order book column And we're going to aggregate the data Hey, which means It takes one price level here with the limit sell orders as it to the next as it to the next as it to the next So that's why it increases in value here. Okay. Same on the bid here As it to the next etc And we're going to also limit it. We're going to Unclick or deselect the extended and we're going to uh select a width here Or depth. I'm sorry. And yeah, we can put in 10 now the white number above here is an aggregation Okay, so this is uh 10 levels and then you see and this is how the You know some of the um You know or data providers out there. They're only providing 10 levels So you might have that view in here, uh, but um The uh, we're trying to look at like the imbalances in here, right? So here you can see a little bit of an imbalance. It's pretty balanced though You know, we can we can make this smaller and look at an inside market And look at maybe five levels and look for that imbalance in here. This is more of a kind of market making A type of imbalance in here Okay So, uh, yeah, there we go into high liquidity up here All right and then balance in here And now we have high liquidity here and down here. All right. So let's see if we can get a pull back to here Just just to seek balance Right now look at high liquidity in here Kind of looking at a midpoint in here And the the order book is dynamic of of course, uh, and it's shifting and changing So these shifts and changes in here kind of disrupt that that balance Okay, now we're seeking balance to the downside Okay, and uh, yeah, it would right around here would be it but uh Uh, let's see if uh, these guys may be pulled or not. This guy's pulling Boy, there's an imbalance on the bid here All right, so we should be able to get buyers up into 78 now Here again another imbalance in here So yeah, 78 looks really good because here here would be kind of the midpoint here Between uh, it's kind of 75 and then 80 up here bouncing off of this Or no transacting And still looking for it though Up to 78 Hey, anyway, a lot of uh Naive market making algos are reading this a lot of stat arb Alligos are reading this they're reading the order book And they want to understand the pressures and dynamics and look for an imbalance and an opportunity Yeah, we'll take a look at some stop order stops and icebergs here. Nick in just a minute How do you set up cvd? um, yeah cvd is uh In the in the sub chart here, but you you can get it all the settings click on the Studies configuration and then cumulative volume delta here. Uh, I have it on a default So it's just uh very very simple. It's on session range and um Yeah, we'll maybe cover cvd another time The uh, I can show you where the video is on it though on our youtube channel And what we'll do here is we'll go to playlists Okay, uh, and We'll go down to um features and components here view the full playlist click on that And then look for a cumulative volume delta in here It's only like five minutes long, but it goes through it. We can look forward here search cumulative volume delta. It's this video here Okay, so uh, you'll see it uh in there And it goes through all the different settings Okay, still waiting to get up to 78 here. We do have an imbalance in the order book here Looks good though. This would be a good uh target here 78 still Yes, a few more buyers up here. Nope. Can't get them. There we go Now they pull a little bit here Still looking for it though Uh, uh, Bert you like that? Uh, uh the cob column like this. Yeah, be careful with it though I mean like um, you know, it is to demonstrate this point. Uh, see how this just disrupts everything here And you know, you wonder why like what happened what all of a sudden happened in price here Well, it's this guy this guy did that He really did He bullied the book here if you guys play poker or something like that someone bullies the pot This is it totally disrupted it So now sellers coming in It is uh seeking that uh, uh That balance to the downside now after this Okay, we traded it. All right. Let's see a pullback right to this then right to where it just dropped from Uh 74 and a quarter Anyway, just keep it in mind And also keep it in mind on much much higher time frames. Uh, we'll see it You know right now. What are we doing? We'll see it better on stocks. Uh, then we would hear in the futures This is much more speculative the um And arbitrage there's so many different players in here But you know high liquidity down here high liquidity up here. We're kind of right in the middle And let's take a look at apple for example again All right, and let's take the candlesticks off the chart Okay Yeah, I mean there's um balances uh somewhere around here, uh right in the middle 72 and 20 cents, okay, so This is kind of playing a little nicer so far And it's just right in the middle here wait until you see some sort of imbalance in here Uh to give you uh an edge Okay, so we're kind of back back into the middle Okay, you can now another another way to look at this too and look there's so many different ways We're feature rich. We have many different things to look at uh in here. So um, you know, we're Uh, we're covering one element in here if this resonates with you great If it doesn't Then that's fine But we're we'll cover many different things in here. All right one one thing Well this imbalance in here, but look for maybe uh also talking about uh, we're talking about imbalance and imbalance in the order book here But you can also do the same thing with your profiles in here with your volume profiles Okay, where's balance? Well, it's right in the middle here Uh right here So what it's uh at this kind of 70, uh Well, let's take a look here 172 12 or so right this is your high volume node Okay, where is it out of balance? Well up in these areas up in here or down in these areas here Okay, that's how you get your responsive sellers your your responsive buyers trading back into the range Okay, same concepts. So you can even uh add those two together to try to get uh an edge All right, so okay now If we're starting to see buyers and they're going to go for the 72 50 up here Okay, first off we need to see quite a few All right, and we have to pull away from this area here All right, so what are we looking for then one of the scenarios we'd be looking for is maybe this liquidity down here to pull In add up here If they do that and we find buyers in here Then you know likely to the top of the range here kind of in the middle and the balance in here What about up here? Well, that looks pretty good Uh, that was a high kind of a high volume node or Higher volume node up here at the at this uh top of the range here Right, so we'd be looking for that scenario to help us get an edge here Okay, so let's see if we get some sort of uh imbalance in here. Let me let me get rid of the drawings here Okay, because we know what we're looking for and now we're looking for a little bit of a push here in the order book And we're not getting it right now Okay, we see a little bit here But we're going to see a little bit higher and and we don't want to see liquidity up in here Okay, does that make sense? Okay volume profile traders does that make sense? If you anyone watching That at trade volume profile So we're talking about balance and imbalance for both the Um for the volume as well as the order book the liquidity Volume and liquidity and trying to put those two together here to to uh get an enhanced uh edge All right, let me see Anyone in discord makes sense. Okay. I'm so bad. Well, you know look for it And this is something to it's just uh Some ideas in here to to study to add to your studies like we're always looking for edge always That that's the goal Uh develop an edge. Uh, we don't want to be gamblers. Uh, we want an edge Okay, we want a numerical, um, uh edge in here, uh Look at uh, you know scoppuccini or or j trader especially He knows exactly what he's looking for. He has percentages Uh and um, you know, he goes with them if it doesn't work out the way he wants it, he cuts the trade As simple as that If it does work out, he knows where he's getting out in specific areas, uh and adding back in As simple as that Uh and it takes a long time to get to that kind of simplicity and clarity All right, let's take a look here again. Uh and uh The questions that you guys may have right so a lot of questions here on youtube Hold on a minute Rudy did I answer your question? Uh, okay. What is the default setting for the screen? The default setting I so i'm not really um, uh using uh I'm using mostly defaults from book from book map in here. So in terms of um My time frame in here. Like I said, I do not look at a time frame I just kind of zoom in and out and look at the the ranges in here Uh and uh exactly what we're covering in here. I know this is 9 30 over here Uh, and I understand like 10 o'clock is here. I don't really care though I'm looking at what's happening in here to give me some insight now Here's our move back up And into this kind of 170 250, but we really didn't get what we're looking for in terms of this is just aggressors We don't see that in balance. In fact, it's kind of the opposite. They came in here with higher liquidity on the offer here Uh, and it we didn't get any kind of push from the order book in here All right, so now that means sellers can take it right back down into the middle here back into our kind of um 172 12 area or so Yeah, I guess down here All right, it kind of explored this edge here didn't even trade it Uh, and uh, you know, maybe we uh Try to get back down here below below these buyers here Or we can also look for that same scenario, but now up here at the at the top of the range Hey again look for that imbalance in here Okay, we don't know when that's gonna happen, but we know when we're gonna have some sort of edge in here And like for example, maybe you just didn't wouldn't take this here If you don't see that that order book in here starting to help you If we see the order book help us here and maybe they pull up here Uh, and we find buyers based on that great. We're looking for 172 50 Right now. This is just mostly all about the aggressor. They just moved it higher And then kind of petered out up here not enough pressure Okay, so uh, yeah, we covered this in here with the um, the order book on friday, but It's just one element to take a look at I'm looking for for it to happen. It happens all the time. So we're looking for it in here Now it's really set up nicely for that imbalance if we can just see a little more high liquidity right underneath here We do see some here at 25, but I want to see more Okay, even more sellers in here But once we get back up here These sellers are gonna they're gonna be buyers back up into 172 50 Okay, another scenario these guys pull at 170 220 And then we're right back into that, uh Our our 12 level here Okay, that's another scenario to take a look at Okay, I think we we're looking for our buyers in here, right? I think we left off in here Uh, and looking for 172. Yeah, we're looking for 170. I'm sorry 42 70 and then 42 72 Uh, 42 72 has been kind of a pivot point as you can see Uh, and there's buyers above it So here it is here. We have our structure here and a structure here now Uh, why 78? Um, well, we have liquidity here, uh, and kind of top of the range in here We're looking at it in here, right? And it was liquidity up in here If we got that in balance And that kind of push See how they're all you see how they kind of flipped here. Uh, they're on the bit at this higher level here Okay, so buyers Uh aggressors came in Created a new level here And then we see quite a bit of selling it on both legs here. So it's really back and forth in here In fact, let's let's study here because if we get enough sellers in here, we're going to come right back down into this range Okay, so uh buyers got to step in now and there's quite a bit of selling here. So Yeah, I'm kind of looking for sellers to push it down and back to 70 here to be honest Uh, it's just just not enough buying pressure yet Okay, so here's here's again kind of going on that theme here about In this range Who's in control? All right, we see quite a bit of buying but quite a bit of selling A little bit of buying here, but quite a bit of selling here All right So again, then we're looking for why not You know have them break it and come back down to 70 And if they if they can continue on through then we're looking for 66 A bottom of the range down here 67 All right, so again understanding the volume uh context in here uh within this range Okay, 70 is already transacting So that was an easy two points here now All right, so now let's suppose that you're you're not just scalping here And we're going through these lower tying frames as mentioned like just to to demo how to read Uh, but let's say let's suppose you're a higher tying frame trader. Okay. Well, maybe maybe you took some off there Um, or maybe you're just like, okay, I see this opportunity here. I'm in my stops up above here I'll maybe I'll move it down and and even uh Exit the trade if I see buyers come in however, uh, the higher time frame outlook would be a move down to here And then maybe you take some off Okay, so you'd be looking for a move from 72 down to about uh 66 here and and and maybe that's uh If you you know are Uh, kind of looking at a higher time frame You just stay in it and you're looking for the move all the way back down to where it opened here at 9 30 Okay, so different ways to to trade or slice and dice it in here Uh, but um, you know, we're going to read the order flow on all time frames Uh, thanks stock sniper Excellent good to see you guys in here yeah, yeah, so uh Well, we're going to cover a lot a lot of different things in here, uh, and Yeah, the the um, uh stock sniper guys, uh, they're They're going to be part of a lot of the webinars, etc. Moving forward. So uh, some events with these guys, uh, great great guys great traders Looking forward to to working with them. So I might you guys might want to jump over and check them out Uh, and uh, uh, take a look and see what they're doing All right, so they're looking at futures stocks and I think some crypto as well Uriel, um, we do please show how Okay, how to get the s and p e mini Well, okay, so, um Bookmap is a platform. Uh, we're not a data provider so, uh You'll need to subscribe to book map then you'll need to subscribe to some sort of data provider that we support Okay, so let me show you that Here if we go to bookmap.com All right, and then you click here connectivity Okay, it'll scroll you down the page basically the main page here And then connectivity here we connect to all of these for futures in here Uh, we connect to all of these here for stocks Uh, and uh, now actually trade data only for trade station and interactive brokers Which what that means is you're not going to get data from trade station. You'll still need to get it from dx feed or omni feed um Quote media is for the uh, uh, canadian and london exchange and cedrus for brazilian exchange, right? so for the us uh dx feed or omni feed, uh, and um A different packages involved with this kind of complex, uh with stocks However, uh, you can connect and route your trades to a trade station and interactive brokers account All right, crypto. You crypto guys out there. There's 21 different exchanges in here supported. So you should be able to find something that works for you Okay Let's see Uh, we do connect to the api of ninja i reach out to support on that i know it is uh Depreciated uh, so um Yeah, i'm not i'm not sure the details on it, but i know it does connect to it So you might want to look into that uh in using e signal to run doesn't matter what you're running your ninja on Uh book map connects to the api of ninja All right And then your e signal i i don't know what that data looks like It's uh been a while since uh, i've even had to request for uh e signal They they used to be the the king back in the day Uh, we'd like rhythmic data for futures Okay, very high quality data that also shows stops and icebergs All right guys, well, let's take a look at the smaller move in here, right? We're still kind of we never got down to 66 or 67 here yet Uh, just kind of the middle uh of this little cluster in here this range in here now here comes some selling Look at the order book. Look at the selling great. Let's see the move to 68 Okay 68 and a quarter here looking for uh sellers to bring it down here Okay, we have an order book in balance. We're finding some sellers Looking for them to continue down to here Okay, they're they're uh offering lower Okay, and they're pulling here as well. So there's a bit of a skew here in the order book as well So still looking for bottom of the range here 68 and a half 68 Okay, here we're still seeing look at the skew here Okay, now these guys actually were taken on by the buyers So we got a little bit of a battle starting to unfold there Okay, high liquidity in here and the and the buyers took them on. Okay, so that's disruptive Right to what we were just looking at Okay, and now now we're in the middle of these two areas of high liquidity Okay, I want to see this guy's poll here at the 69 and three quarters And let's find our sellers and try to get back down again to the 68 and a half Or 66 level here Here we go Okay This is a good area here as well the 68 And just nothing Here we go. All right sellers. Let's see it Okay, there's 68 Still looking for more Uh order book wise, uh, you can see these guys pulled Okay, so um You know our our imbalance in here is kind of on you know, the very very short time frame in here Okay, so bottom edge would be or you know bottom of this range in here still 66 right here Oh, I'm sorry 66 here bottom of this range here another thing uh, it Did you guys uh, many of you have read? Good morning, David How much for a month? Uh, look look on the uh, uh website ureel, uh, but Depends on what plan you want. It can be 49 a month It could be 99 a month if you're a crypto trader. I think it's like 20 bucks a month And the date is free too for crypto. So That's uh, also something to consider Green trades. Okay, so you're new in here. Welcome to our discord Uh, you're looking at the nq. We can jump over and take a look here the nq Okay, uh, there was a request also in the questions. I'd look at some stops and icebergs. So we will Um, but uh, again guys very very simply just looking in here to try to understand like, you know, who's who's Who's driving the market, right? Uh and We we see the um It's kind of back and forth in here on the on the nq but sellers There's more sellers than there are buyers, but the buyers are fighting it here, right? And again, they're just fighting it right now here So back probably to the top of this range Uh, and they may be able to break it and then test back up into here Okay back up into 85 here has just a a barrage of buying just came in right now Uh, let's see if the order book flips and yeah, see how it flipped here on the offer now on the bid finding buyers All right, if that's the case then buyers should be able to move it Hey back to the top of this range, which we're just about there Uh, and then maybe they can get back up to this one up here So more like 80 not I kind of did that quickly. So more like 80 And let's read the order book. I I love the nasdaq. I kind of prefer it We we see these things happen and it moves S&P happens and it kind of goes back and forth it happens It kind of goes back and forth and then finally we get the move here But they're they're staying in the book here so far down at 60 61 And there we go. All right, they were tested and they did get filled here Okay, all the way back down here And let's see if the buyers still come in though because this is where they came in earlier We're just down at the bottom of the range here And not looking good for the buyers Not looking good Yeah, that was a misread on that one uh, so Back to the top of the range here, but that was it This is I I I I will mention something here, you know, we were looking for just the top of the range Somewhere around in in here when we found those buyers come in Uh, and I like to reduce risk in some of those areas Okay, or if I see that selling come in then You know, I get out and I take a small loss Uh, or Uh, or a break even Okay, but always taking some off, you know, you kick yourself when Uh, it just goes straight up to 80 Or you know hits this maybe pulls back a little bit and then goes right back up to 80 It's up to you. It's up to the the trading style that that works best for you Yeah, this is a summation here in the SI indicator stops in icebergs. I like this reading or setting. I like my Uh, the axes here do not line up. Okay, they're different for each for stops and different for icebergs But I'm looking at the context between the two so I know there are a lot more icebergs in here compared to stops right in here Okay, here's our icebergs right in here 45 Okay, we're back to the top of the range guys and and and we're back to that same story again back to into this 80 here Hey, this is kind of surprising but because there's a lot of selling that came in here After after we're reading that buying And that's a lot of selling and not a whole lot of stops Here's our skew and see the skew here in the order book and finding buyers All right, here we go Let's see they're already up here. They should be able to break it then and we should get to this 80 level here Okay, higher liquidity We got to break it It's just just kind of doing it here All right, let's see it again Skew in the order book buyers Maybe 77 but 80s up above it here. Here we go again. See the skew Okay, where's the balance? As is very dynamic That they are look at them support it here So let's see if we can get those buyers Pulling here. No not yet All right. Well, let's let's uh take a look at some of the stops and icebergs in here as well um Okay, here we go now and before that I alluded to something else. I I mentioned the What was it? Oh, yeah Reminiscence of a stock operator And and this is this applies precisely to this in here Okay, now there was a there was a um a few pages in there about this one Incredible and Jesse Livingmore or the author Mentioned is that this is one of the best traders they ever seen and and no one really knows because it's nothing is documented It was the best trader he had seen and someone came in after the With with a stock tip after something had happened And he went right up to him and and he said so-and-so is buying this stock And and they're buying buying it heavily and the first action he did was Said run to the floor and sell you know 500 You know shares or 1500 or whatever it was like One after another uh and to uh, he would read the tape So someone ran in made the orders uh or the transactions. He's reading the tape. He saw the absorption He saw that yes indeed. They were buying uh the stock and and and the um the guy who came in and gave the tip said No, I told you you should be buying And it's like he went to verify it. He saw the uh the absorption And then therefore he's looking for the move So he turned around he closed the position And he started to uh to buy heavily All right, same ideas in here. You'll you'll see like uh the transactions taking place But also the order book and the relationship of the order book in here You'll see uh Algos traders that they're testing it the the volume of the pressures here The appetite of uh aggressors in here by showing high liquidity in here flashing it Hey, there's also spoofing. They'll they'll flash it. Okay. Well, now here's an here's an imbalance here All right. Well, can it trade up to 66? Here's an an imbalance in here. They're pulling here. Can it trade to 68? Here's another imbalance. All right, so now we're talking 70 71 Are we finding enough buyers? Eh, not not really, but let's see if they come in They may or it may if we don't, you know may come right back down into this area in here and these guys might pull Right now. We're right in the middle of it Okay, let's see. Let's see if we get another kind of move here In in balance in the order book Nothing Nothing, it's still kind of kind of climbing up there, but let's see looking for that imbalance Starting to pull a little bit now not getting much All right aggressors coming in pulling here adding here. Let's see see this little ad right in there too It's very faint, but it's there. Let's see if they add more not really Okay, coming back up and see if they add more Round here right around in here Not really kind of hard to see that This is really about the aggressor in this case One thing you have to be kind of careful with the when just the aggressor moves price Is the pull backs can be pretty severe So be careful about that Because it's just the aggressor moving and that all of this area is dark in here and the sellers can fill this in pretty pretty quickly Okay, so we got to the 80 level and this is exactly what we're just talking about Uh, the aggressors like we didn't see too much support. We got a little bit of a bump here Uh, and in the order book, but uh, it's all aggressor. So sellers come in and and now they're pounding it Okay, looking for them to pound it further here Pulling here 60 great. Let's hit 55. Let's hit, uh 550 or 48 down here Got to see I want to see these guys pull here at 60. They're there we or transact like that. Great. There they go Okay Now they're coming in at 55 I want to see them pull. They're pulling great. All right. Let's get down a little bit lower Uh, you're you're you'll if you're looking for the e-mini only you that's uh, that's great Like uh, or the s and p or the naztac or or russell. So just get the cme package and you'll save, uh, Like 50 bucks basically I think it's like 40 dollars 37 dollars something like that for rhythmic only or for dx feed only I would recommend rhythmic to get the mbo data. You might want to, uh Study this later with the stops and icebergs Oh, yeah, um Corey about the uh reading the s and p compared to, um, uh single stocks. Absolutely s and p is a very complex instrument it is um heavily hedged and arbitraged and And you see that there's liquidity very close to the market. It's hard to read Uh s and p e many is much easier. I believe But uh, you can also look at these single stocks though, right? So where do we leave off like for example in in an amazon here or apple? Okay We're talking about the 72 50 came pretty close. That was it though And then it went down and traded into here. Okay, so And then also went back to 72 here Okay, there there is a a bit of a skew here on the on the at least the, um selling sell side And Would want to see sellers below this though here See how they can be squeezed if we look at This cluster of volume in here And there's buyers now not a lot up here All right, and again look at the selling coming in here Okay, well, what does that mean if we can get back up here and we get buyers Then all of these guys are are are short and they're uh, going to get squeezed and likely we'd be looking for Move back up into some of these swings Maybe here maybe here or this liquidity up here at our 72 50 Okay, and we look for that scenario to unfold. What will it look like? Let's let let's uh Just kind of outline it a little bit. Well, we already have liquidity here. That's good I would be more would be better Uh, would love to see these guys kind of pull maybe some of that And then we'd be looking for our Big green dots up in this area here And here and here and then the squeezes on at that point Uh, and then looking just for the move probably, you know up into the up into here All right, so that's what we'd be looking for and that scenario is not playing out right now Okay, let's go over the next one. All right, so now we got sellers coming in okay, so Looking for sellers down here to be able to break the range and trade down to 171 50 Let's see it sellers. Let's see it So we're open to this scenario here. It's not unfolding. So we're looking at the next one. That's more likely now Because we're we're finding the sellers now. Let's just read the sellers in here Is it like this over here? No, it's not Do we see like an order book skew in here? No, we don't So we're still looking for it, but it's just not as high probability. We don't have all the pieces lined up here Uh for a stronger move into this 171 50 or higher probability Let's jump back to our s and p All right, so we finally got down to our 66th level took a while Okay, now the question is now what? Well, let's take a look so Selling is pretty pretty pretty good in here Pretty good in here now. This is where like I uh get a little leery about the selling here Because we can get the buyers back up above it and back up into 70 here or maybe even higher All right, so and then the squeeze same same with apple the squeeze would be on then at that point Okay, so it's see how it's opened up here and these sellers are kind of like I don't know about that selling down here at the bottom of the range You know looking for that continuation into the 60 liquidity here Uh btc is much easier Okay, yeah, I'm sorry for some reason and I'm not really sure why I'm not able to add a symbol at the moment I would look at it though I know no problem. All right, so look look at that scenario guys the squeeze is on Let's see it buyers first one would be top of this range But they should be able to kind of get a little bit above it here I would look for 70 Okay, now watch for stops too. We had a stop run to the downside here And now we're looking for kind of a stop run here to the upside too All it did was get to the top of the range here Okay So again, you can start to you know For your first leg and you know reducing some risk you can look for taking some off there at the top of the range Oh, you're welcome Cori. Thank you Thanks for the compliment. Um, yeah, we're we're we're here every day. Uh, we have multiple traders in here Uh, stay tuned for volume profile trader in about 15 minutes. We have Tom B Okay, we have rain who comes in at 8 30 a.m east coast time Going through the crypto markets Uh, we'll have we have j trader a stocks trader they and and scott pulsini on wednesdays and thursday respectively, they go through the Live market and we'll take positions is how they trade our goal in here is to go over order flow and uh How to apply it to any type of trading method anything if you're a pattern trader you're you're um, Wycoff Trader looking for distributions if you're a volume profile trader. We'll cover anything in here Uh in any market Okay, so That's our goal So you can apply the order flow read to anything So let's let's just go through uh an example a quick example. I said we would earlier. Uh, let's look at some candlesticks Okay, so what are the candlesticks telling us here now when we'll read the order flow within the candlestick pattern Okay, right now the candlestick patterns is is bearish Uh, no question, right? I mean we're we made a lower low. We have some some selling pressure on that wick Okay, uh, and we're and what are we talking about? We're talking about a squeeze on up to uh to Top of the range here or 70 and then maybe it can get back up into the top of this range here Okay, all right, so then if that's the case, yeah, this is not a bad target here uh, if you're looking for the buyers to come in and trade to the top of the candlestick wick right Now what about the candles that but you know selling pressure Uh big retracement but selling pressure Okay, and it made a lower low here Okay, uh, and we can even look at you know these candles in here I mean it came back down it tested our 66 level. That's what we're looking for earlier Uh, and yeah, you can even look in the candles in here Um now for the day it was a move to the upside But strong selling Not so strong buying in here Followed by again, you know some some good selling in here Strong buying right in this area here So yeah, your candlestick, uh, you know and your target here for the squeeze and and and buyers would be probably around 73 Okay, this is not a trade recommendation This is talking about a candlestick strategy and using order flow in here Okay, it's identifying these guys down here into 66 Uh, and then them being trapped in here in the order flow And you can see how like the candles just doesn't offer that much transparency But if you're a candlestick pattern reader, you know, this is what you're looking at And now you you have so much more information in here high liquidity It fills buyers above it get the squeeze on come back up into the top of the wicks And if you're a candlestick pattern, uh trader, you'd probably be shorting it in in this area in here Yes, uh Major tom the No, I I I'm not expecting anything to happen. Um, I'm So I I'm and I'm not trying to cover my anything here any actions or anything that I said um What I what we did note on friday was the move higher into very high liquidity all all uh afternoon long And it was notable that they were staying on the offer and they were getting filled Okay, so then we and we noted that So beginning of the week A lot of times you look for a continuation of that get people on the hook And then, you know, so many people were short or You know, maybe they're exiting positions. Maybe they're getting short. Um, You know, we don't know that but due to all of that selling getting filled Yeah, I would that would be one of the scenarios to look for and let's just look at our higher time frame in here Okay, uh our higher time for we we we marked up our 42 50 level here now we bounced off it this morning Okay, I'm surprised we got down there that quickly. Um, but Uh, we're this is the key level here because we saw so much uh liquidity filled just loads, uh on the offer on the offer on the offer, uh, so We get down below here Then, you know, all all of these guys in here are driving the market all those limit sell orders And we'd be looking for our aggressors to come in and push it through here so a lot of um market sell orders, uh, and then be be looking for some some some big red candles To reach maybe Some of these areas here be top of this structure here Fill the gap down here All the way back down. Let's look at the hourly instead And we can mark up that 42 50 in here as well So and it's just a scenario We're we're waiting for it to kind of unfold, but we we noted it and and that's the most important thing I want to Mention about that There's our 42 50 Okay, so we'd be looking for our sellers below that And we're looking for something in here to tell us as well for the um for the uh For the limit sell orders, etc. Okay guys. Well, here's our move to the top of the range 73, right? There's your I mean that would have been it's not a trade recommendation, but that would be your your um, uh Your read of the order flow here with your candlestick reading And I I don't know. I mean would you guys be able to to see that with your candlestick? Just your candlesticks It would look like this You wouldn't even have best bid and offer It would look like this And we can get rid of the drawings just to make it clear Okay Would you be looking for that? And this is you know selling pressure I wouldn't be and you know and here we are back up to the top of the range after a squeeze and we look for a squeeze in here And and we got it. You can see the stop runs in here And so and again, this is another add-on indicator in here now it the stops and icebergs are it's amazing amazing transparency, but uh, what we're um looking at in here, uh is um the um Stop transactions uh and versus iceberg transactions here with the blue line Okay, so here's our stop run now. This is much better Okay above above the swing into this kind of swing up here on the candlestick Uh, and there's a nice little pop Okay, so now you know your candlestick trading maybe maybe now you're looking for Uh, maybe back into uh the range in here somewhere in here Right top of the range trade back in you know mean reversion type of type of trade A profile guys you'd be looking for the move back to about 70 here 69 or 70 something like that Okay, now let's look at the order flow though And let's get let's get a lot more detail here. Okay. Well Buyers up here And we noted the selling and that selling pressure and how they could be upended And that played out pretty pretty nicely here Um, and let's look at the heat map. All right. So what's the heat map showing us? I'm going to dim it just a little bit Not too much. Uh, there's some liquidity up here. It's Kind of wishy washy. They did stay in the order book here and here It's not bad All right sellers and then let's see you get back to 70 or this kind of uh 69 figure here Which I like this is where at the bottom of the range of this small little range here After a stop run. Okay. I'm not seeing it yet And our best bid and offer gotta get that Guys if you like this video, uh, um, yeah hit the like button Please It's uh, it's something we do track. Uh, we do take a look at And uh, it helps us, uh gauge um the kind of how we want to uh have these These events more or less or, um You know change anything, uh We look for your suggestions So any kind of feedback Yeah, my candlesticks are set to five minutes. That's correct mic Right now still still pushing higher Still pushing higher I'm kind of surprised To be honest due to I mean this this buying is pretty good and they're kind of leading the market right now But I'm looking for a pullback here Because you know, there was a lot of selling in here as we know Um, but um, and we know these sellers got upended but, um Yeah, I'm just I'm looking for a lack of buying in a pullback in here the order book to you know This looks great here at 70 and a half here As a pullback I don't really see it. I mean it's It may unfold here, but I don't see it at all right now I'm just surprised it hasn't done it. Let's see What else we can jump over our nasdaq? Crazy nasdaq Boy not seeing much here in the nasdaq Nice cluster of buying up above countered by a lot of selling so Trying to try to squeeze the buyers now And six should be successful here That looks pretty good This is a hard read in here Uh, let's go back to default on the heat map though Trying to get a little more from it See the strong selling and the pullback right to it Okay, and then again looking for strong selling back down to here 82 And that's uh countered by some strong buying Yeah, this is just really back and forth in here guys because here we know we noted this is strong You know, we know that but look at the strong buying and they're above these guys now Okay Buyer should I mean these sellers should be squeezed and it should it should We would look for The stop run back up into the this this higher higher range here Okay, and and at that point if we get enough then it's back to 1300 here Which has been high liquidity in here has been in here for a while for a little while Okay, so that would be that's how we kind of put some of these scenarios together And then looking for like this 600 here Okay, so originally it was strong selling pullback Okay, looking for our sellers to take it right back down here. Whoa buyers came back in Brought it up above these guys now. It's a flip and we're looking for 600 All right, we'll go over stops in icebergs another time Uh, we're kind of kind of starting to run out of time here Um, we went through a lot of different things here We started off about with who's who's in control. We also talked a lot about the heat map and friday's webinar I can put the link in here for it or you can look on just go to videos on our youtube channel Hit the video button and you'll you'll see it in there We'll do more of that. I don't think it was a great Webinar on friday afternoon It got the points across but it's so much better when we see the live demo and and uh It start to kind of unfold there The one the one takeaway on that Um Live demo though was the um that higher time frame A scenario or you know a potential okay, because um Really really watching that one. Uh, if we can get below this um, uh, 42 50 area here There's just times we've seen it so many times that uh, there's high liquidity on the bid or on the offer And it just continues to sell and they continue to add more and more and more and more in uh when that happens and it it kind of You know, it's uh It's bewildering because it's it there's just they continue to buy right into it. Um, and uh uh And it doesn't you're You're looking for it to slow down At a certain point You're you're looking for it. Well, they gotta there's got to be less buyers now. They're absorbing all of this uh, or you know taking the other side of the trade and That's when you'll see it's it's kind of a more a higher time frame uh read of the uh of the limit order book Uh, and then they got huge positions on You know a lot of players have huge positions on and then that's when you start to look for the the opposite move Okay, so uh, that's what major tom that I was referring to uh on on friday So let's we'll continue to look for it Uh, but uh once it starts to kind of turn around Uh, that could be a really powerful move Okay, and we're just on on the uh on the outlook for that to unfold. Okay potentially unfold Right, we we got it. We got to say that uh because uh once the scenario looks more likely, we'll see it Uh, you know today like we we did say I think uh, I'm I'm sure I did uh on monday Typically look for that move to the upside again get more people on the hook Uh, you actually stop them out to the downside And get them on the hook here and then you know like today's action so Let's just go through the higher time frame outlook. Uh We we look for this to unfold here. Where's where's most of the volume trading here? Okay, it is here Right, it's in this big cluster here All right. This is what we're looking for is being upended So we'd be looking for the sellers down below that area here around 65 I would say Okay, and then it's got then it's got to come down to the 42 50 here Okay, so you can even you can look for opportunities if that scenario if you start to see the sellers start to come in You can even just trade it down to 42 50 and that could be a high probability trade Okay, just to test 42 50 again All right, it doesn't have to break it Uh, you can trade down to it takes them off and then maybe look for a continuation and then maybe even add back in short All right, so lots of different ways to to to play it. Um, but look for the order flow to support it That's the the main thing All right, everybody. Thanks for coming. Uh, we'll catch up tomorrow I'll have a subject to go through and we'll um See see how this is playing out here on the on that higher time frame. Maybe we'll see some some movement here Yep, but stay tuned. You'll be redirected to tom's volume profile and order flow Webinar that's probably already started. So We'll see you guys tomorrow and uh, yeah, have a good day. Okay. Yeah, take care. Bye. Bye