 All right. Good morning and welcome to the book map live trading webinar. This is Bruce at book map and The we do live analysis here. All right. Good morning and welcome to the Monday Tuesday and Friday at 10 a.m And then we have live trading with J trader stocks trader on Wednesday at 10 a.m And live trading with Scott. We'll see a futures trader Thursday at 10 a.m It these are in demo paper trading mode and strictly for educational purposes Our live analysis here is forward-looking We read the current market and we give insight to where we think price may move next This is what you can do with order flow and that's what we do in our webinars Let's go through some disclosures and then jump right into the markets and look at the S&P e-mini and some other Stocks and crypto currencies if you like general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice no more nor recommendations Riscous your trading futures equities and digital currencies involve substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results. Okay, let's jump right in and See what's happening here You can see the cash open here. I will dribbling down from You know earlier this morning in the high liquidity here around 44 50 and then we Continued the sell-off here at the cash open 930 you see a little bit of volatility here But a drop into 44 40 And then we're right back up in the kind of middle of the range here So not a whole lot going on here, but very interesting on the higher time frames So let's jump back here and and take a quick look at it and Look at the daily chart over here on the left hand side Then we have in the middle the hourly in the 15 minute on the right hand side. Alright, so what's going on here? Well interesting level here. We've been looking at this level for a while We always look at where the wicks are On the higher time frames and we're gonna it's the same process Truly of what we look at in book map We're just you know, just seeing a very high level here Kind of overall structure in these candlestick charts. They're really hiding quite a bit of information However, we can still mark up our levels of interest here. So in fact, why don't we? I mean we should add another one down here May I just move it down for now? And Yeah, this is gonna be a really interesting level here. Are we going to break through this? Maybe trade down to the next one, which would be here. Okay, that would be around 4413 so let's add that one in on the daily chart Okay, no drawing and The Horizontal line 44 13 is what we want Okay All right All right, I'm really curious about this level here This is you know, we can see the the move down We see the bounce last week and then kind of Just hovering in the middle here, but it it didn't come back up into this whole area up here So let's take a look at the hourly here and yeah, it looks like sellers to me and this hourly here We barely got up here Just a little bit here and then we're seeing sellers already starting to come in again here Okay, so I'm looking for a retest of the low here on this hourly on the 15 minute as well Big gap here as well. This is something to look at Maybe maybe not today, but maybe we'll see we'll see if we get maybe down here One of the scenarios is to get down into one of these Kind of just spike below the lows get people going short stop some some longs out And then maybe we see a lot of buying come back in to maybe fill the gap up from the Last week here. All right, so we'll be looking for that and That possible scenario and we're gonna read the order flow All right, so we have a few different scenarios to look at from the higher time frame Let's jump into bookmap and see what's going on in the order flow here. All right, so here's our sellers coming in We're down below this range here continuation looking for sellers again here Let's see if we can get them here at the low and looking for them to trade into this 40 area right now They're pulling here at 42. So yeah, we're just looking for sellers to continue here. All right now Let's take a look though at the order flow here. It's interesting And that this is why this not a surprise. We're seeing a bounce here reason being is Yeah sellers here sellers here buyers here equal high Okay, so for example look at the the swing high here and look at the selling or the buying in here Okay, so what we're looking for here? We're looking for sellers to continue if we get and this is a great double bottom setup to be honest and Right back to VWAP. Maybe we can get back up into 53 54 here as well Okay, we need to get through this kind of point of control of this range here But we're yeah, they're they're coming in they're buying so what we're right already at this kind of Point of control of this range here. Alright, so what there it is now. We really need to see buyers continue here If we're gonna get back up to the other side of the range. This is the the last kind of stop here And that we the mean reversion has already occurred All right, so now Are we gonna get buyers of sellers up here? All right, you can see sellers coming in and trying to attack it probably right back down to about 47 here I'd be looking for a pullback here back to 47. Yeah, we haven't gotten through the point of control yet All right, so yeah, I know this is a Little bit of a hindsight at the moment here, but it's it's a really nice look to this setup here Okay, here's what here's here's what's a look for in the order flow on these kind of double bottoms Okay, is we're looking for a trend here All right, so let's just we're just gonna go through the setup And and we're gonna do a lot more of this in the near future Okay, so the setup here and reading this this pattern in here. Okay, we're trending down We're seeing sellers sellers more sellers here. Okay We're not seeing many buyers at these Lower highs in here Okay here in fact, there's a double bottom within a double bottom here All right, so see we see the sellers here. This looks good for continuation Hey, here's our here's the original the first double bottom part okay sellers here and Some selling in here, but it's there's really not a lot of anything in here We see some buyers in here, but not a whole lot of sellers down here Then we see a bit of sellers and then we see buyers on the other side here Okay, this little range in here. We talked about ranges last week And then breakouts and breakdowns and also false breakouts and false breakdowns So this isn't really a break down here. You see some sellers I'm curious that we don't see any icebergs here. I would have imagined we would And then we start to see buyers see how they kind of captured them on the other side of the range here These sellers are are are gonna be squeezed here And then we get the move back up We're looking for the move back up to first where it dropped from or major areas here of selling In fact, the the first one would be the swing here at 44 50 And then the next one would be probably up here or maybe top of the range where the sellers came in and dropped it All right, and then we look at the not only the volume in here But we also look at the order book All right, so now that's the first part of the double bottom Okay, and we got buyers up here They broke the trend and we get see the volume up here see the green dots up here Okay, we didn't see that on the way down All right, so buyers didn't take it higher They could have at this point they we could have got the retest here looking for more buyers here And then looking for the push up into 4850 or so and we didn't get them Sellers came back down retested this area here and then look at the volume down here Okay, how much selling do we see down here? You know not much, right? So we see a lot of buying though Okay, so we're looking for buyers to retest back up to this area here and see if they can even get through that area and Back to the next stopping point, which would be point of control up here Which would be this area here this high volume note 44 50 And now if we get buyers back up above green dots above that and the order order book as well looks good We're looking for top of the range and then also potential breakout from top of the range here All right, so anyway, that's the setup here. It's it's this is a pretty good example of it Okay, we look for the the buying we look for even a break not just an equal high here, but a break of it Okay, and then we'd actually be looking for not not just an equal low here or slightly lower low We'd be looking for a higher low here and buying and lack of selling All right, so that's the the setup here to look for and then you can see what happened here We did get up to 54, but we're right back down Okay, now looking for sellers to take control down here All right, so let's see if we can get a bit more selling here Down at this area here now the order book. We're not getting much from it at the moment There's high liquidity at 52 and us at 47 and we're kind of in the middle here. It's really dark in here Okay, so what they're that's where supply is up here at 52. This is here's where the demand is at 47 Okay, here's a skew 48 see the liquidity just coming in and we found some buyers Okay, let's see if they can lift it back up to 53 and 54 Okay, this was the reaction to Some demand in here Okay, we got a little bit and now now we got sellers interested in it Okay sellers then you should be able to take them on here at 48 You should trade into them and through them Okay, and let's see if we can get now bigger picture move here As we're back up in the middle of this range if we can get sellers down below here We're looking for the move back down to 40 Okay, 42 and then 40. All right. Let me let me good morning that and Greg Can you guys hear me in? YouTube should be able to hear me eat book map live trading webinar Okay, yes, this is what you can expect Greg. All right. We're good there No, okay, so let's see. Let's see if we get our sellers here looking for them trade into and through 47 There they are looking for them to trade through it. I want to see them move it away with big red dots here Okay, and then back down into 42 and 40 come on sellers looking for them There's some selling starting to auction down here a little bit Let's see if we can get down here again Auction right here at 47 is what we're looking for there. They are now there. No, we're looking for the move Okay, there's some stops being triggered by not much of a move Starting to trend though. You can see the trend here. Let's get a few more sellers in here and we're not Okay, anyway, that's the primary scenario here. We're looking for sellers down here It's just we're not quite getting them right now Buyers bring they bring it right back into the middle of the range here Okay, they broke the little trend Okay, but we can still get sellers back down here now They did not get through the the the high volume node here or the most traded level here Looking for sellers again down here in this scenario here Okay, maybe around this 46 and a half Okay, let's see a skew in the order book as well That'd be great And we want to look at the reaction to that see this is not what we want See that the skew is a little bit here a little more demand and they they're pulling the supply Up at 51 and we're finding some buyers here Okay, well if that's the case then the buyers they need to they really ramp it up here with their buying And they need to trade through this area here. You can see it's just kind of You can you can see it with the You know somewhere around this 47 on up to this area here this kind of high volume or You know the the main Profile here in the trading within that profile here. So we're range bound basically And we're not getting any insight right now And we're looking for it. We're looking for those scenarios to unfold. Let's see here Nice stacking of liquidity and in NQ. Okay, we can jump over to NQ. Yeah, look at this This is gonna be a nice short short squeeze here Okay, now does it accept or reject above this here? If we let's see if we get sellers back in here at 52 and then back into the middle here Right back to 49 or so. No not getting them yet. Here they go. Alright, let's see sellers You should be able to drop it down to about 49 here Likely only if we can get them in here right likely only if we can get them And we're looking for some sort of supply and demand in balance as well Okay. Yeah. Yeah, here they go. So yeah, there's our move Now I really I'm really curious now since we even have this move to the other side of the range If now our primary scenario can unfold here. So let's look again for sellers down here at 47 Okay, and then we're looking for the long squeeze here and the move back down into 42 and 40 here Looking good. They've already traded through point of control and we see sellers here. All right sellers Let's see you take it down to around 46 and then break it as well And let's see if we can get them down to auction at 42 and 40 here Okay, there we go. Okay, so now I'm gonna cover something a little bit after this here I think is is very valid To look for because we're looking for this scenario to unfold I think we're gonna get it now and why now why not earlier Okay, anyone have an idea on why why now would we be looking For this scenario with more likely to unfold now any ideas Yeah, yeah, that's correct. Osterman. It's these guys up here And you'll see that, you know, this is like it auctions up here It tests these areas it gets people on the hook and then then the market kind of tests these the you know The softness down here and the kind of test the metal of these buyers in here All right, and again and again you usually just see them kind of puke out All right, so, you know it our primary scenario is this we're kind of perplexed like why didn't it play out? You know, we looked at our higher time frame You know that we're seeing sellers come in there. We're seeing very little demand or volume By volume, you know to try to take this and fill the gap here. Okay, so on the higher time frame We're looking for that gap fill if we're going long I'm not seeing the buyers come in on 15 minute and did the The hourly here so We're looking for sellers to come in and retest the bottom here around this 30 is it 38 or so something like that And that would be the primary scenario here Okay, so we're looking for that in the order flow and it's making sense, you know, we We looked forward in here. We covered this little double bottom and how that wasn't the case here. Okay, we saw the Move back into the middle of the range here and we built out this range here And we can even take this and extend it Yeah, okay, so yeah, and we're looking to see the Someone take it one one way or the other here in this range. We were Looking for the primary scenario to the downside And it didn't happen here. Hey, we had a nice little double bottom pattern And then we're looking for it here looking good for them to do it here. They didn't buyers came back in now Here here's where we were anticipating that move and we're looking for the sellers here We didn't get them and said we got buyers and they traded to the other side of the range Okay, so you'll see this so many times like in fact probably more times than the drop here is We we test to the other side. We test the supply and the and and gather some longs here and then now we can go and Maybe have some fuel to the fire here and look for a stop run or stops to kind of trigger the move To the primary scenario to the downside Yeah, exactly techie girl. Yeah. Now. This is this also gives us some insight here of Why it had to test the other side here? Okay, and why we're not why we haven't dropped into 42 and 40 here. Hey, what do you guys? Any thoughts on that? Like why why haven't why isn't the primary scenario still not played out yet? You know, why doesn't it hit the targets here? Alejandro, that's interesting one about the the three times of the top one two three. Yeah, that's there's something There's definitely something to that It's checking back and forth here, you know the in testing these areas here Okay, is there are we sure is their demand is their supply? Are they for real? Goon five. Yeah, oh five. Yeah, the lack of volume in here for sure is why we haven't followed through but Another one too is and let me look go back into discord here Yeah, I mean a tutorial basically, you know, this gives us some insight here that You know, well, we're looking for the primary scenario to unfold here. We had to come up here retest the area and and really See if there's you know interested buyers here to take this higher Hey, or is it just a stop run or? you know We want to test it and we want to see and But if we have to do that like, you know, then this move to the downside here typically You know, it's it's still we had to test it first and Since we had to test it first. It's not as pure a move as if it moved here Okay, if it was if there was a lot of sellers in here immediately We know that there are sellers and they're engaged and and they're gonna take this lower and they're gonna go into 42 and 40 Here we you know, we had that we had to test the other side And then we know that there are some buyers in here too, you know, you know, we can see them They're not all stops up here All right, so We're still looking for the follow-through to the downside here. Okay bigger picture But you can see we had to do another range down here before we can break so we got to 42 here Okay now based on that like we're still looking for sellers in here, but based on this Move here and what we had to do we had to come to the other side of the range Okay, I'd be looking for the same thing to happen here. Okay now based on Alejandro We have one two three. All right. Well, you know based on that you'd be looking for the move to unfold here now but Did we come up here and did we test this area yet? Not really. No, so maybe we have to come back up to the mean again Or at least the high of this range and kind of break it get some stops triggered up here for the move back down again Okay, so On days like today there is there is lower volume, but we're also looking at the order flow events and order flow phenomena to unfold to make these moves happen and if If we had to do this It doesn't mean that it means that there's less selling in here at this time and we're We're kind of finding a meager. We're going lower and it's it's continuing to go lower here But we haven't We don't have as many engaged sellers in here to do that move right away and immediately. All right Does that make sense to you guys? Hey here and now here's our move and here's our follow through now. This this is can be maddening When you know, we have the primary scenario and And we're looking for this move to unfold, but it has to do this first It happens a lot Right and it really kind of shakes people up and it is maddening Maybe you take a scratch you take a small loss But you still look for it to unfold And we're still looking for that primary scenario to unfold and it is okay We're coming down to 35 here. This is the low of the session low of the day. Okay, so we're breaking the lows here All right, so starting to find some sellers stops, of course icebergs going with the stops. All right, so that's pretty good Let's see if we get more selling. We're trending. It's trending nicely pullbacks first pullback What do you guys think and what why and where? okay Techie girls could be your your low volume pullback and And Alec as well, but you know, so what I'm so bad. Yeah a bunch of you guys like the in MC local high volume mode. No, not really. Oh, yeah. Yeah. Yeah, I should say Yeah, you're right. I mean like basically in the trend high a high volume Transaction not necessarily a node Okay, we also look at ranges. Okay, where do they drop it from? and The and the ranges okay transactions so big transactions will pull back to here is not out of the question We're even here also here Okay, where it dropped from up here. Okay around 40 All right, makes sense Yeah, the one thing a techie girl the pullback here if it where it broke from a lot of times if you wait for that You're not gonna get it. It leaves you in the dust. Okay, but that's where to gauge the selling strength in here Okay, you'll get a more shallow pullback on the stronger move Okay, now what looks good? What do you what do you guys think about the volume on this breakdown here? You know, does it give you some confidence in the move lower to continue? And if that's the case Then what kind of what kind of pullback are you looking for? Yeah, so I mean the the The move is good here now The It is consistent selling here and and in its Strong selling and it is below a Or you know the points here that it moved okay fit within what we talk about Hey, so from 40 on down to here 40 or 34 That's like six points and they're strong selling in here. This is likely going to accept lower Okay, they've moved it away here on volume. Okay, so if this was Would we think the same way if it was two or three points? so would now would you what would you think though what if What if you saw kind of a? you know a Move down here and then this is another scenario and this is another variation. This is a this is a nice variation here This is actually the kind of variation we look for There's one caveat on this variation Okay, what and what's what's the caveat on this variation? To be attentive about here Because this is the strong volume. This is good And and and the points move is is is good as consistent. It's strong all the way down Here there's a caveat though the caveat here is this is breaking lows of the day so You know we want to see this is good with this was within a range here This looks great, you know and we'd be looking for a test may be back down to the lows of the day But these are lows of the day So a lot of times on breakouts and breakdowns Four or five points. We have to be a little more attentive about Four or five points of strong, you know volume in the in the trend direction We have to be more attentive about that because like You'll see moves like this and then it's at the bottom of the of the day And buyers can come back in and start to buy back up here just above 40 Even though we have that we have our four or five points here We have six points and you can see that the the the pullback has been really shallow Really shallow right we haven't even come back up to 40 Okay, we've come but we've come into and look at the order flow in here Okay, look at this barrage of selling in here, right? We've only come up to this area here so far and this this this high Volume transaction here, okay, which is like MC loco. This is like a high volume node in essence Okay for it for this trending move in here Okay, so we look for retest back to these areas here and most of the time you'll see not only the high volume You see high liquidity in there, too. So there was a battle that happened in there This is a stop run in here as you guys can see good one, too It's like 200 stops in here. I got another quite. I'm full of questions today so guys Now this is this is more nuanced here definitely Regarding the stop run But and I don't know I don't really I'm gonna pose the question here And I don't quite know the answer, but there's more likely answer than another Okay, so what do you guys think is this is this stop run here? Is it a bigger player or is it a smaller player? Or a bunch of smaller players in here It's hard to know Well, it's not that hard to know but like it's hard to have a definite answer definitive answer Yeah, I'm so bad one. I think it's one larger player Why do you think that? Yeah, yeah, because it consistently swept the book in here like the larger player like it hit his order and Then he dumped and in he had 200 he had 200 lots in here 100 and well 193, you know And it's likely 200 because the first one up here. What is how much is this? It's just one volume of one. Okay. This is the one that triggered it though, right? And then the stop run unfolded. Okay for 193 So a lot of times though if you see let's go through this and this is fascinating stuff And you really learn a lot about how these markets work and but you and why we're going over it is you can extrapolate this to much much Higher time frames and start to understand like the players involved in here Bookmap is just unbelievable In its ability to show this kind of minutia. I don't know of any other platform that can do it And especially we can get down into you know micro and in nanosecond level Resolution to see this and and understand the players involved Likely one larger player exiting Because the stop run happened here and then went three different levels here Okay, not sure about that not a hundred percent sure, but that's most likely scenario. I believe if it was a larger or a Stop run with a bunch of smaller players in here well a lot of times You'll see the the stop run start or the selling coming in here and new sellers come in here They're going to trigger some stops in here and Then you're only going to see this little red line in here, right? The red line is what is what's telling us here? Okay, in fact, let's take best bid and offer offer just a second here Okay, the red line is it means these are the stops and this is where it started right here all right and the move to the downside here if it was a Bunch of smaller players in here now it did there's probably smaller players in here as well But a lot of times what we see is new selling coming in moving the market triggering stops in here Triggering stops at the next tick as well, and then the stops get filled down here at the final tick Right right at the end You'll see the stop run the little red line will only be here and you'll maybe see 50 or 30 or something like that Okay, this is more likely a larger player. Okay more likely Rob Rob not a sheep Jump into our YouTube channel go to a book map on YouTube. The stream is full in here and Yeah There's nothing nothing we can do about that All right, so anyway spend some time on that. Let's get back to our analysis here We're looking for All right the the one we just kind of ended up with that caveat in here We're still looking for downside action Because of the price movement and the consistent volume in here Okay, and this this scenario here This is pretty typical a shallow pullback and the we're looking for continuation And that's starting to unfold and we're seeing sellers come in. Let's see them drive it into 30 Let's see if they can drive it into 27 25 Maybe 17. Okay, but we're kind of you know It's it's not so quick and easy in here We're seeing like strong move and then a lot of consolidation And we saw that over here and kind of hesitancy as well in this range up here Okay, but we're looking for continuation. All right, so now one more scenario in here They were variation on this move here Want to want to cover and go go over Now strong consistent selling the caveat only being that That it's low new lows for the day Where the strong and consistent selling? You can have the move back into the range the bigger range for the day Right the two to three points that we look for in the s&p you know is Question questionable at highs and lows of the day So that that's the only caveat now the We talked about some pullbacks in here and in this in this move from the downside What's it? What's another scenario in here or? Hmm, then we put it this way if we were even if we had the points move in here What if we saw the scenario unfold down here? Where we saw a bit of selling in here a bit of selling in here a bit of selling in here But then big selling down here a big red dots down here, yeah shorts getting squeezed So yeah, we you know, we've seen this so many times and maybe we even see some examples in here Today, but we've we've seen this on higher time frames that that played out just beautifully You know, we look at where the high volume Transacted and if it transacted all down here even though this move points move is good But all the volume transacted down here This is where we look for potentially The buyers to come in on the other side and they'll move it back up to where not only where it dropped from Okay, they can break through it because the selling was down here the transactions are down here Okay, so that's when we get lopsided selling Okay in the order flow All right. This is strong and consistent from the get-go all the way down here That's good. That's why we're looking for continuation Okay, different variations of this move here is based on the volume So if we take the volume off here the volume dots, we're just looking at the move Okay, so now we want to understand the context of the volume within that move to help us out strong consistent move is Typically means that they're going to move from one area of consolidation to a new area of consolidation So that's what we're looking in for in the order flow here All right, and then different variations on that Another one another variation is and let me get my pen my pen Anyone know what I'm referring to on that one extra points on that Show your age on that one anyway the Another scenario in here Strong selling in here Strong selling strong selling less less less less Okay, that would be another variation Now on that variation. What's the What's the likelihood here for this to trade back up here or Or have a mean reversion trade at this point and that then we talk we covered this on with crypto last week And we see it a lot in crypto also in stocks and let me jump over back over to YouTube sell this trap Alejandro. Yeah, good. Good stuff with rebound. Yep. How can you get the iceberg quantity to show up on the chart? Yeah, so on the chart. Yeah, so that's up here our stops in iceberg on chart guys looking for this move here 30 and I'm not careful on this one here. Let's turn the volume on we want that context right now Yeah, see we're not quite getting them yet. We're getting the move lower, but let's see if we get our strong volume here Yeah, no, we're not getting it. Nope. Now. Do we get do we have buyers now? This is another another thing to look at. Did we get buyers up here before? No, right? So if we come back down and get sellers here looking for the move lower We should or likely here. Here they are. Okay. Now. They should be able to move it 28 25 Okay, and I'll go over why this is more likely for the move right now And just a second here. Let's see we get our continuation here. Yeah, careful on this this one in here Reason being look at look at this the move look at the points move down here and look at what happened We're already back here and we we had no sellers here Okay, so we we we might get buyers back up here and then we come back to the top of the range here at 31 and a half Again, no sellers here, right? So it's opening the door. Let's see if we get our buyers here and push it back up to 32 now Yeah, all right, so we left off on this scenario here Yeah, somewhere around here So when we see this kind of volume in here on the move down There's not a whole lot of interest in selling down here And this is where buyers can they can move it right back up into these these high volume Transactions in here and retest these areas and even try to get above it and get back into the bigger range from previous Where it broke down from? All right, it makes sense lots of lots of variations in here, but this is this is really I hope do you find this kind of? helpful Is this is this good, you know this kind of like a questioning Methodology in here, you know, we're not it we have some time in here. So You know, it's it's a nice it's a nice exercise to do for sure And we have some time in here to go over it, but it does take away from the live analysis Okay Right a few you guys like it Yeah, I would say they get Bert the likelihood for a mean reversion trade with this kind of volume like this Is is much higher much higher Okay, at least to test retest back up in these areas here You'll see something like if it starts to dry up and a beautiful one here is You know, you'll see some buyers come in and they'll move it a little bit higher And then maybe some good buying up here You know pretty strong buying and then sellers kind of to come in again here and drive it lower Very little selling down here And then buyers come in here Okay, once you see something like this is that we covered this the double bottom pattern earlier And then once we get back up here, okay Here's the you know that the swing is where we want to see buying again. Once we get buyers up here Then we're looking for the move Back up into these areas here and potentially Breaking the breakdown here, right? This would be that previous range Breaking that area and then first where would the first test be For buyers if they can get through this level here The buyers can get through this level What's the next next area within this this previous range we look for? for a test No, not VWAP Could be Yeah, POC of the range absolutely the high volume node of this range in here Right makes sense, right? Now this is auction market theory, but like I mean it just it there's common sense behind these things We've been covering auction market theory for I Don't know six six years seven years And and book map works so nicely with it You see the theories unfold in front of you. I mean and it just visualizes it So, yeah, you would be looking for like, you know, where did all the volume trade within this range? You know and likely it's somewhere in the middle here and we'd be looking for These these these are your mean reversion traders back into here Right and now if they can get through that That's the next stop but if they can get through that and We and we see maybe some selling maybe they come back in a little bit and low volume pullback here in essence Okay, and we see buyers ramp up again And they we see a lot of buyers in here very very likely or much much more likely We're gonna get to the other side of the range and test it All right, so different variations and we've only talked about volume in here within these some of these potential moves and the setups here And we'll talk about the order book maybe another time But we we look for the order book to give us tons of in insight as well So now let's let's look at current market Current market. What do you guys what do you guys think? What do you think of this range in here? in the order flow Just volume right now Yeah, why why bearish Alan? Now, you know, this could be just because it's low volume in fact like You know, it could be disrupted really quickly by the buyers, but Why bearish? Yeah, I mean breaking down from previous liquidity. No, I mean where the transaction is happening Do we see large buy transactions in this little area here on the retest? No We did make a slightly higher high as higher low in here So we have we have the likelihood now, but we need to see the buyers up here at 33 around 32 And three quarters 33 if we do get the buyers up here then we're not bearish any longer We're gonna look for a move to not only 34, but we maybe even 38. Yeah, here we go, right? So this is what we're looking for Hey, we were we were bearish in here because We didn't get this we didn't get transact by transactions up here yet. Okay, we're starting to now Okay, so now they have the potential To move it back up and retest Top of this little range here 35 top of this range at 38 and that is more likely now to unfold Let's see if we get a little bit of a push here from the order book. Okay, and then buyers in here There's some exhaustion at the tops not the exactly a techie girl. That's exactly right like we see look at look at this scenario unfold right now we knew that we we knew we talked about the likelihood of this Unfolding Okay, we were bearish up to this point here because it's exhausting out up here. I'm not seeing buyers up here I'm looking for seller. We got sellers in here. Great. Do we get sellers down here now? We they should be able to you know come down and retest the lows here Okay, they did and did we get sellers down here? No Right, so we're still bearish up to this point Okay, now once we came back up here and we got buyers up here the whole picture changes Okay, and we made and the structure in here too is changing We're making kind of equal highs in here actually a slightly higher high above this swing But we just didn't get the volume up here yet. Okay, so we're still bearish Looking more likely looking for the sellers to take it at this point down lower We come back in we start to get our buyers up here And then we we we changed our idea in the order flow what we wanted to see was the book really help us here as well Underneath we want to see this liquidity maybe come up a little bit higher here And we want the reaction to that liquidity to be Buyers Okay Very convoluted right now. We we got this move. We came back down. Where did we test here? Where did we test when we came back down? Right here and retested this area Okay of the range Okay, Travis. Yeah, you're looking at some Yeah, I love doing that Travis. I'm with you on that. We haven't looked at any other correlated markets at the moment But that is such a good filter that is probably one of the best Indicators of all And it's not an indicator. So it's a correlation Okay, but look at some of the other indexes. How are they behaving when you get all of these indexes going together? You get some powerful moves Okay, so anyway, let's let's go back here. So what did we retest here on the on the pullback? Yeah, exactly back to a high volume node high volume node right here Okay, so of this range in here Okay, this is this is the the the point of control of that range Right and did we get sellers in here? No Okay now let's go over this because I'm looking for it. Do we we didn't we got some buyers up here We're still kind of bullish on this, you know move here to be honest However, we're very open to sellers down here at point of control Here they exhausted out no selling very little selling Okay, if we can get back down here and we get our sellers we got a nice move Likely down to 28 and continuation of the trend 25 20, etc So you see how we didn't get really the buying up here like that consistent buying here This is similar to the that variation. We were just talking about Okay, the context here. Do we get a lot of buyers up here? No, not really Did we get a lot of sellers down here though? No, not really. So we don't really have too much insight at the moment Just kind of want meandering price here And in liquidity wise like yeah, you know that there there's a little bit coming in here And we see reaction. So it's moved a little bit higher here, but it's still pretty dark in here. Okay, so Now, you know, this is Yeah, actually I'll hold off from mentioning About some trade management in here And getting tripped up on it If we got a lot of sellers here and We had exhaustion in here, then you can you know, you can look at and study Like the fade up here the move back down here or point of control down here cover some and look for continuation Okay, so that's what we're looking for here. Now. Do we get sellers down here? Let's see Okay, especially down here at 31 and three quarters Okay, let's see if we can get our sellers down here Exhausted out and well, we're just not seeing a lot of activity right now. I mean, it's very very low volume here And nonetheless, we're gonna read the order flow Okay, looking for sellers down here That high volume node to push it through this high volume node and then down to 28 and etc Here they come. So there, I mean like I was mentioning like the higher Likelihood We had sellers here exhaustion here, you know, you could get in here cover some at your point of control and And then hold or even add once you see more sellers in here that these are things so you have to you these are not trade recommendations whatsoever and these are potential setups and this is where you need to do your due diligence and study it I'm just a pointing at some of these areas to understand some trade management within the order flow here Okay, so our scenario is starting to play out a little bit not a whole lot of selling down here though. So, you know But back and forth is very likely if we don't get sellers in here You know, they're trying to get through this point of control instead. They're bouncing off of it All right, let's see if we get them again here. Okay. Love to see the order book support us here or When wind at our back more supply in here and the reaction be sellers And instead we're getting the opposite. We're getting some buyers in here. All right sellers. Let's see it right here 31 and three quarters three one and a half Nope There they are you come back. All right, let's see some follow-through 30 and 28 we want our 28 level to trade Okay, we're still not getting them here still not getting them. All right We're looking for them so yeah, you know back and forth in here really Yeah, all right buyers are gonna lift it one more time maybe test back up into these areas here Back to the top Okay, we were looking for him it It kind of did a false breakdown of the point of control and buyers Stepped right back in okay. Now. Do we get buyers up here? Looking pretty good. All right, if we do I'm looking for 37 and 38 now Really dark order book in here. I don't don't like it. Hi, the cooties up here at 38 Buyers are down here at 28 in a 10-point range And let's get our icebergs on here as well stops an icebergs on chart that's sub chart On chart Okay, again down here. No sellers yet again. Okay, let's see buyers up here. See the buying up here now Okay, so now it's more likely. Okay buyers are coming for it here Looking for buyers up here to test up to 35 and I want to see more to trade through it to 38 All right, let's see if we get them here. Yeah, they're here. They're auctioning. Let's see the move to 35 and a half They're auctioning up here We're looking for them to push it up into 35 and a half here the order book helping us and We found some sellers interesting Okay Now are we above it or below it? We're above it finding buyers again. Okay, we need to find them up here 35 it's auctioning up here A very little looking for buyers. All right, here we go. All right So now we need a bit more on the buy side a little more on the auction There we go. All right, so let's see it now Very careful on this though, but let's see it is it is there are some buyers up here They're not really committing though. Now it's starting to exhaust now. We're starting to see some sellers. Okay, so this is not really Highly likely in fact the other is likely now for the move back down to 31 And then our original move like 28 and below Okay, and here they come Right this was this is no different than what we're covering earlier here We're looking for a buyers in here. We're looking for it to auction up here thinking. Yeah Yeah, maybe maybe and then exhaustion in here Selling in here Selling here. We're looking for them to drop it. Okay, so now let's see. We've got some selling down here as well Looking for low volume pullback sellers down here at 32. Let's see if we can get that All right sellers. Let's see it right here at 32 32 and a quarter There they are they should be able to move it. All right, let's see the move now Let's see the follow through they're pulling at 31. Okay, we're looking for more sellers here and then through 31 Down to our 28 level here. There's some exhaustion. There's some selling. All right more likely they should break it now more likely to break Looking for follow through Sellers hitting the bid Hey through our point of control. Hey if it fails and we get buyers up here, then it's It's off Hey exhaustion here though sellers here again looking for them to drop it Looking for them to drop it. Okay, we just read the order flowing here Sellers have command here if they want to just really hit the bid hard into 28 Okay, and below we can get a bigger move here because we had the strong move Consolidation move lower consolidation now looking for a move Ellie how do I determine POC? I'm just looking at ranges and volume within ranges And there's the point of control which is the overall You know high volume node the most rated level Okay, and and the way that you can determine that is you zoom out here You can look at your profiles, but we do have on an SVP chart here. You can right-click Go to configure and you can find this this here this yellow line And then it will track the point of control over time as you can see so it is right here now Mine is reset at the 930 cash open It's what might be different than yours My VWAP as well Resets at 930. Okay, more likely sellers here again liquidity here at 28 and then 25 we can get a nice move here. There's 28 Little bit traded at 28 still looking for more. I want to see it blast through 28 And doesn't look like it wants to Okay, so we might get a retest back up All right guys now this this is another question in here is This a low volume pullback here, and then how would you manage your trade? It's based on that answer Okay, techie girl. How would you manage your trade? If you were short See if it breaks structure. Yeah, that's a that's an excellent answer Yeah, it didn't it didn't all right look look at the look at the retest down here guys and gals girls Do we get volume down here sell volume? Okay, so let's see if we get buyers here 30 30 and a half And we need to be careful in here Careful on this one sell it we can get our sellers down here And we get our the move that we were originally looking for yeah, and and they've got it set up here Here's our exhaustion. We're now we're getting down to the lows here, and we're starting that auction with selling here Okay, still haven't broken structure What we need since this volume came in everything kind of is is different now. It's not as Likely like we can get buyers back up here and get the move higher So we just had exhaustion in here. So we're looking for sellers here Exhaustion on the buy side here. We're looking for sellers here. They exhausted out too now. We're getting buyers back up here Okay, now the buyers have the potential now they can move it Right, this is we covered this scenario on the double bottom earlier Or this setup and now it's a little more convoluted. It's you know, we do see some selling here Okay, okay, this is this is not as clear It's still haven't broken structure though, and we broke we broke the trend line, but we didn't break that the Lower high here. Okay. In fact even here more buy volume and we still didn't break it All right, so do we get buyers up here starting to we see ice a lot of icebergs here as well or a few I Love to see if we get our sellers down here. I'd love it These guys are they'd be off-sides. We get a nice quick move lower in a nice stop run here. I Don't know if we're gonna get it love to see it They're getting them. There they are All right, do we get more and Come on There they go. All right. So now let's see the move and 25 looking for 25 and pretty quickly here. Let's see it sellers right here 27 and a half. Nope. See sellers again here. Can it auction down here again? No can't do it Can't do it look out could come right back up to 31 and a half here Right false breakdown back to point of control first and then maybe other side of the range here Okay, so it's already come to the point of control. It looks like of this little range in here Boy, it's pretty ugly But yeah, somewhere around here 30 looks pretty good. It's really actually here at 29 All right, still looking for sellers here at 29. Let's see if we can get them. All right sellers Let's see you got it here. Come on Looking for them trade back down 27 and through here 25 and 24 boy still not finding them down here at 27 We're down there. It's still not finding them though as you guys can see this is this is tricky and choppy But like we're reading it and like, you know letting it go if well if it's not, you know, more likely than You know, let it go Don't worry about it No, we're filtering it based on the order flow Looking for something higher probability More likely And we finally got some sellers in here not much of a point move down lower though and If we can get what if we get buyers back up about even this little micro range here buyers back up above right here about above 27 and a half We get buyers here. This could be a nice move back up to 30 and 31 and a half Okay, we didn't get too many sellers down here kind of exhausted out a little bit here The disclaimer gets you every time Sorry guys in YouTube Let me get caught up on some of these We'll be moving over to YouTube exclusively pretty soon Okay, we still have one foot in one foot out. Yeah, I agree Razor The you want to see those those that passive liquidity on the bid chasing. Yeah, it's that's a beautiful thing Yeah, hit the like button. Thank you cart Yeah, yeah, really appreciate it if you guys can Hit the like button and subscribe in here I mean, I you know, I wish we could be a little more animated in here There's just not a whole lot going on and and we're it gives us time to go through some details though Which is really nice and some of these different scenarios, which is fantastic to understand like You know filtering out things when you know looking for something that is is more likely than not due to the order flow And you can see like out of all this back and forth in here in here You know, even this buying up here techie girl nailed it Didn't break structure Didn't break structure the buying was good. In fact, this looked I thought we were gonna break it I thought here where they're gonna break it. I thought they would trade it back up to probably about here Maybe maybe top of the range. So somewhere around like 34 To like 35 and a half But they didn't and we're still seeing buying fight it in here. Okay, we're up coming up to our European clothes here So, you know, look at them come back up here And they auctioned here before Right, so, okay, if that's the case then buyers And we're seeing, you know Some some nice buying the selling is trapped down here basically this is another thing that we We covered earlier today. So we're looking for we're getting buyers back up above that area here at 27 and a half And we're getting this is where we previously had buyers and this is where we previous had buyers Okay, so if it can auction up here and we're getting our buyers looking for the move back up here 31 and a half and that's going through it really quickly. But that's the same scenarios. We've gone through Many times over here Okay So, all right, then do we get our buyers up here it auctioned here before it can auction here again There's they seem to be interested looking for them to stream right up into 31 and a half And icebergs up here waiting and in watching They're live in in the book right now Okay, now did we break structure? Yeah, we broke this small one here. We're testing the top of this one here Hey, we're also seeing a lot of demand come or supply come in here And what's the reaction to it buyers aren't interested in it. See how this kind of changed that whole scenario in here? Or we at least got some insight from it Okay, and these guys don't mean business up here Maybe this guy at 30 does but see how they pulled they just they just showed they kind of flashed in the order book And they found some weakness just by doing that They found larger players can can play around with this order book and get some insight their softness in this market you know we Looking for the buyers to trade back up here to 31 and a half Okay, but we show a little bit of supply in here and we find sellers immediately Thanks, your aerosol really appreciate that. Yeah Yeah, the You've been testing other other order flow softwares Yeah, I mean that the one of the the beautiful thing like that With book map is the well first off we we we came from the HFT environment and Our software was developed to test our own algos At the high frequency, so it was important to really show a lot of accuracy And I haven't seen anything that shows as accurate as book map I mean we really zoom in here. We can look at all the details, you know Look at all these transactions and how it unfolds and we're down at microsecond But these are millions of seconds and this is how it unfolded You know we can go down to billions of seconds, right? And it's still very very accurate in here All right, so anyway But what's so nice about that is like these concepts at these, you know, microstructural levels They they play out again and again on all time frames So we're just reading the order flow within it And then applying it from various time frames in here like this scenario in here We were like well, you know trying to read and understand and get we understood some softness in here We're finding our sellers. So, you know, here we go Let's see the the break or the move into 25 and let's see if we can get down to 21 and 20 here Looking for it. So they're auctioning here on the sell side. Okay, okay sellers then pull away from these buyers here And pull away from this whole range here and we need size to do that We need big sell dots here to move it away here. That's what that's the primary scenario right now We're looking for them to move it away here and here's our answer They're not in fact, this is going to be that trapped volume in here and we can get this move right back to I'd be looking for a move to the top of the range here And and if this is strong consistent buying Not only to the top of the range we can get, you know back to this 31 and a half level here. Yeah, exactly Here's all the The nice thing compared to footprint chart is like it footprints aggregated So you're you're you're gonna get you're not gonna see these structures like these micro structures and and just smaller structures And you're not gonna see the relationship or context of the trans Transactions within the structures let alone like, you know, even if if you did you wouldn't you wouldn't see the order book Here like and this is such a nice thing and book map it shows you a complete other side of the trade Where where are there? Where's the supply and demand and what's that context and relationship? You're just seeing volume in Footprint charts and and of course in volume profile charts as well. You're just seeing volume transactions only And what about liquidity and it's such an important part of the of the market. It's the other side of the trade Okay. Well, we made a techie girl. So here we go. Look at look at this We saw buyers stream in here, but they they failed to make a higher high Looking for sellers here looking for follow-through. This one looks more likely to me I Would love to see this order book really show up here on lower level here on the offer Because we we failed to continue to make You know equal high here, yeah, I'm looking for sellers to drop it here In the likelihood here and we can even kind of look zoom in closer here and look at small little ranges in here Okay, so if we don't see buyers back up in here I'm looking for sellers here at 26 and for them to drop it pretty quickly Pretty quickly into 25 24 21 20 etc So there's 25 selling big red dots. That's what we're looking for We're not looking for that on the other side here. We don't we don't want that Okay, did they break the structure though? Not yet. Okay. Well, all right So we still get we got some buyers up here if we get another rotation here 25 and a half and see those sellers Looking for the drop. Okay, now we're getting buyers up here. Okay, so it's been a tricky day back and forth You know the follow-through has been It's kind of done it but it's kind of eaked its way through Okay, well we're getting buyers above that structure. We're back up here. Can we get buyers up here at 29? Is it still making a lower lower high? Okay, just a review a little bit of a review in here. We're looking for that follow-through here look pretty good it did get down to 25 at least but and some stops triggered there but The this is why like we kind of started off the webinar here Look at the points move in here You know, how many points is this? Like one one even at best like one That's why we look for more than three Especially for lows of the day Okay, so you can see what happened in here now. It still may go lower If we get another rotation, but this is not this we want the strong consistent buying to move away from it Okay, if we we see this and we get buyers on the other side up here and Break that structure You know, which is what they did a back up into here Into here Okay, and then also we we're looking at those icebergs up here around 31. They're gone already. So it probably just transacted into it No, they're here. All right All right buyers. Let's see. We should be able to break it Now if we saw in this scenario here if there was strong and consistent buying maybe starting up here Maybe around here all the way down It's more likely we're gonna get a continuation But we only got the selling down here Okay, John. You trade crypto. You want to take a look at it? Let's let's just we'll go through that no problem It's the same stuff. All right. Well, I don't really see anything different I see selling at lower lows more selling at lower lows more selling at lower lows I'm looking for the same and I'm looking for them to drop it through Okay, looking for 4,600 Maybe 40,000. Okay, now there's there's some caveats in here Right notice how we talked about this in previous or with the S&P look where all this selling took place Okay, so what if we get back up here and we get buyers back up above? This area here, right? These guys would be unbalanced and upended. Do you see how crypto trades a little bit differently? We want that strong consistent buying Okay, and or selling and we're not getting it here. We're just getting it at the bottom here So likely just massive stop runs in here or you know, stop outs here And then it just kind of goes back and forth. It is trending down though And we got to go with the trend more selling at lower lows here Less buying at higher or lower highs here. So we're still going with it But just notice notice how they can be trapped in here is what what I'm talking about Okay, so and and you can look for those scenarios and if the buying can really pick up You're looking for it to auction back to where it can where it can is where there's previous action on the on the buy side up here Okay, makes sense Yeah, you're welcome. Yeah Doug had Requested the other day more stocks and spend some time on some stocks and I plan to do that in these webinars as well So you stock guys haven't you're not forgotten All right interesting move here and you can see how this is this this met the met the Qualifications now that's hindsight now, but like and here's the move and we you know looked at these targets in here, but What the the main point here the main driver is like wow, okay, we're making lower highs and lower lows and in here and We're seeing selling down here But we didn't get that strong consistent selling but they could have here they could have And then really dropped it quickly down to 21 Instead they just dropped it in 25 and they they were totally absorbed at 25 totally absorbed Never got through 25 here And then who came on on the other side here? All right, so that's fine. Did they break structure? Yeah, they did the smaller structure first Now can they go up get up to this structure? Yes Now can they break that structure? Okay look for a pullback maybe to here 27 beautiful look Do we get buyers up here? Yes? Okay, now we can get our move higher And now I know that's hindsight is too bad like I would have loved to done that in in in real time But Anyway, we did cover this scenario many times over and we did see a few moves like this just not a nicer one Okay, so anyway, they're back to a high volume node up here Right so And we're getting buyers above it see see all the buyers are above it They're gonna try to move it higher then they're gonna try to go for this liquidity up here Okay, buyers above this area here, right? They're the ones that want to move the market now strong consistent buying So looking for it to continue higher This is where the strong consistent buying came in look at it here. All right. All right guys We'll just our European close. We could see a nice move here potentially back up into VWAP Point main point of control here. We're back at 4450 here Okay, so let's take a look a quick look at our higher time frame here and Yeah, we were looking for the move lower on this hourly probably shows it the best and and then We're Yeah, I'm looking for this scenario most likely to play out instead of the gap fill the gap fill can play out now If we get enough buyers in here to come back up and get above the high of the day here It's possible Looking at the daily chart over here looking at the momentum of the of the selling in here boy It kind of tells you like yeah looking for 4413 Below this swing here. This is nice. I really like this area here 4410 to 13 or so on the daily All right, so a little bit of You know complexity in there as well On in the order flow Or in this structure I should say on the hourly And the in the daily here All right, so selling moving it away here, but not not very nicely But they didn't they did move it away Okay, so now now it's the mean reversion guys are our they their play is wide open now Okay back into The swing here the auction here. We're already there basically 34 35 And then the next one be up here at 44 40 And VWAP here. This is a really nice area here to take a look at for retest right here Okay, we have we have structure. We have the break the strong selling in here and the move into it We covered a lot of things in here We I think we we started here at 10 and we saw the little double bottom and the move back in We saw the selling here. We're looking for the follow-through. We got it and still looking for it to go lower Then we're starting to see buyers come in and we're like not so sure a lot of back and forth and then lower highs lower lows still looking for a continuation and You know 25 it did trade 25 never got through it And then you can see now the buyers coming in and strong consistent buying guys So there we are at 35 looking for them to continue to buy And move it back up to 40 Okay Just based on what we've covered here in this webinar All right, so yeah, thanks everybody for coming Tom B is next if YouTubers join join us over and in discord Tom B will go through his way of trading volume profile And yeah, and take advantage of it because he's gonna be away the rest of the week So I hope it's okay. I say that Tom But it's in the it's in the Google calendar schedule. I've updated it last week. So you guys probably know and Yeah, so he'll start in a little bit and Yeah volume profile and S&P action, okay, thanks for coming everybody and we will catch up with you tomorrow, okay? Yeah, take care. Bye. Bye