 All right, good morning traders and welcome to the book map live trading webinar. This is Bruce ad book map and In line with our education here, we have an educational course and this is a follow-up to that educational course in the live market The concept here of course is is very simple We have the educational course and then learn about it in the live market so you can apply it Without you know using hindsight education. We'll use forward-looking education We'll read the current market using book map Understand the order flow and then give insight to where we think price is going to go This is not live trading This is live forward-looking analysis these three days here Monday Tuesday and Friday at 10 a.m So that you can Apply what you've learned and then and these can work for any type of trading strategy. That's the key here We don't want to dive into just one strategy But we do offer live trading from J trader a stocks trader and Scopolsini a futures trader They will trade live on Wednesdays and Thursdays respectively the the reason that we offer this here is because You can learn how a specific trader is reading the order flow and their specific strategies So we do the overall with the analysis and then you have the specifics with these other traders here That gives you a very complete education Let's go through some disclosures and we'll jump right into the market General mark 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 it's not suitable for all investors Past performance is not necessarily indicative of future results. All right. Let's jump in Let's look at the order flow or look at the S&P e-mini and see what's going on The zoom out a little bit here. Look at the high liquidity down here a bigger picture here You know, we're looking back at Yesterday June 30th here Look at the overnight and around the London or European open here Look at them bid up. I mean my god And this is just to point out This is how you can use book map and and understand liquidity and use it on higher time frame Okay, so several hours trade for example High liquidity in here now there that was down here Just, you know, this is East Coast time US so, you know after eight o'clock You can see that they were There was liquidity down here and then they really ramped up and and they wanted to buy in front of these areas here look at the Orange levels in here very high liquidity That one wants to buy at very much in front of this kind of 3725 area here So you can see the figure here 3750 they want to buy below it and they're aggressive with it They're they're clearly saying they want to buy And market really kind of tested maybe just a little bit here, but not much And then it goes back up into these higher at levels of liquidity on the offer, right? So this is a good example of how to understand liquidity and use order flow here on a higher time frame Okay, and look at the move to the upside so And they're still bidding underneath here Right, so let's just zoom in for the current market and see what's going on And again is still this is see how fractal this is here See that this information or this data here High liquidity here, and then they're they're in front of it here. This is bullish And now there's it's a there's a difference here. I mean they did trade into it here as you guys can see Whereas the other example, they didn't really quite trade into it very much Here, you know after 930 they started to trade into it here the sellers the aggressive sellers right into these limit buys And we can see the reaction All right, so this here is Really not much different than understanding this here Okay, just want to show the fractal natures of these markets We can go down to smaller time frames and see this as well All right, but it's a pretty good example to get the point across and yeah, here. We are moving to the upside Right down right now is doing the mean thing Back. Yeah. Yeah, it is I agree. It's coming back to retest these areas I'm looking actually to see if we get maybe a bounce off of here Right where we are right now. Here's why You know we can look at structure And let's just mark it up here Okay, so here's our sideways consolidation structure here Here is the move above it and here is the retest to it right now All right, so let's zoom in and let's see if this is going to continue on Where is it going to go? We can look at high volume nodes in here as well. Okay? This just means Lots of transactions down here, which means value more or less, right? That's the the concept of auction market theory and Understand that well, this is where if a lot of people agreed upon price it can trade there and And trade back at that area. Okay right now. We are starting to see a little bit of a bounce here, but You see some buyers coming in here. Okay, so what did it do down here? All right? Well, it traded into this liquidity here It's 3790 Try it again here are sellers buyers come in and they're they're moving it back up Now We are still now this in this time frame here, and I'm glad you brought this up. Dr. Moomoo So in this time frame here, we are still in a downtrend Okay, we need to break up above here. Here's our move back up. You know to 3,800 here the figure Do we see buyers up above this swing here? Not really not yet. Okay. It's testing it See see how the sellers are coming in now Okay, so and let's see if can the sellers break this 95 area here Let's see it if they do we're looking for a move right back down to 90 and 87 here All right, so yeah, it looks like look at the offer here the reaction sellers So let's see if we can get move back down into about 90 here And maybe 87 as well. All right All we did was test the high of this. We did break it slightly and the sellers came in So this is this is a very range bound here at the moment All right, so we can we can mark up these structures in here as well And we're gonna do kind of a sideways structure Like this Okay, and it did break it and I broke it here However, it just can't all it did was come up to the swing here All right, so what we need to see it and what we're curious on is the retest back down to 90 here Or maybe a little bit lower and we want to see what the order flow looks like down here Okay, so here's our move back down. This is what we're looking for just the move down to do this 90 and maybe 87 All right, that was it. All right, that's already unfolded Now what we want to understand is the structure here the new structure that's created down here All right, are we going are we going to see this go into a sideways consolidation? And then a breakout or a breakdown All right, we're going to read the order flow in this area here and start to understand that structure Any questions on that? This is really important to understand. It's really important to understand market structure And then the order flow within it Okay, and the market structure is created by the order flow. There's no question about that So that that's actually the first step This is exactly why in fact our education if you go to our educational course on YouTube Let me show you let me show you where you can find it on YouTube Scroll down and then under bonus materials educational course View the playlist here. Here it is part one This is why we dive into these kinds of details in here and understand them because it is this here And understanding the movement of price and the auction here that is the order flow and Then it just is fractal from the very binary element of buyer one buyer and one seller And then it's just fractal all the way up to a monthly chart Okay, so we're just understanding The aggressor behavior and where there is liquidity. So we can look at smaller structures in here We can look at structures within structures. It doesn't really matter But what I what we're what we're looking at now on this time frame is we want to understand this structure here Okay, so here come our sellers. We just made a lower high here Right now. So what we're looking for down here is again sellers at this 3790 here. They are Let's see them hit down to 87 and then 85 There we go Okay, and pretty good selling. So let's let's see if we can get the move further away from this area here looking for 80 Looking for the move down to 80 and There we go. Beautiful. Okay. I was just looking for that for right now. Just 80 There's no reason to think any differently still we're looking for 70 We're probably gonna get a pullback in here at some point But look at the offer look at the reaction and then the cookies down here Okay, now they're starting to front-run a little bit the condition of the auction They're starting to show a little bit of buying in front of it Okay, so here's our pullback already just to about 80 Okay, let's let's looking for actually a little bit more of a pullback here and then I want to see if more sellers come in Now guys we had covered this the other day In fact, I can show you the webinar and I want to make a point here because It's just like I said, you see these moves again and again. It's it's Just how the market works. Yeah, this one here the direction Directional move in order flow here watch this one Okay, because we're talking we talked about directional moves. This is a directional move on this time frame So we're still looking for it to go lower. We're just looking for a pullback and then for the move lower into 70 here What was the distinction between here this directional move? Well, it's not consolidation is moving away from that consolidation and what we look for in a directional move like this are two things number one heavy selling Or heavy buying the opposite way And then we're also looking for point moves Okay, we need both For this to be sustained basically and Even even if we get both We could see a move right back up here If the buyers come in hand over fist and there's just as many buyers as sellers or maybe even more buyers We've seen it. However in what we don't know that what we do know is at this point here We see lots of sellers come in Okay, we saw it in real time here. Okay, look at the reference here the graphical representation sellers Look at these over here. Yeah, this is kind of similar here There's kind of some a little bit of spotty buying in here not too great though But this is a directional. This is the beginning of that directional move And we're still looking for it. We're looking for 80. Okay It was a pretty pretty easy call and it happened immediately That's what we look for these moves to happen immediately because they're moving it away from this area here and It is being this instrument is being reevaluated and its price is worth its value and Until it finds and explores an area where it starts to find buyers and sellers to again go into a sideways consolidation Value area. This is the just very basic auction market theory But it works. It's just this is how the market works. Here's a small consolidation and then again another move and a break We were looking for the move into 70 still looking for it Okay, we look for a small pullback to about 80 didn't quite get to 80 and that was it okay, so Look at the buyers come in now. They're retesting where it broke from here Likely, it's a lot of buying so I'm actually looking for them to now test 80 Okay, so just based on understanding these elements in this structure That's why we look for these moves to unfold Okay, putting the order flow together In this in this picture here all right, so Yeah, I'm I don't know if we're gonna quite get there. I like this blind. We need to see the bounce off of this one here Why again fractal markets? Structure Break pullback here buyers up here. Okay, great. Let's see if they can break it up into 80 up here and there we go almost Almost still looking for it though. There we go. There's 80 All right again We're understanding these markets and we're understanding the order flow within these markets Any questions on this? Hold on here advanced webinar Can you guys hear me? I should be I should be in here fine. All right, okay, you should yeah It looks like a Everything's good in here There's nobody talking Jeff. I don't know if you finally got Got access. Oh, yeah, thanks. Oh, and looks like you helped out here All clear. Thanks guys. Okay. Good. Good. All right. Sorry I usually check in the beginning, but I know that's kind of annoying, but you know, I see that kind of a green Ring around my my icon there. So I know I'm speaking and I can see that also it's projecting Okay, but sometimes boy, I get in here and it's like five or ten minutes go by and it's like People are saying that is the audio on and yeah, it's kind of embarrassing Okay Okay, thanks Jeff. All right, so all's all's well. Okay guys. So yeah, here's our move This was the original move we're looking for into 70 now look We were looking for the pullback due to this smaller time frame order flow But the but the bigger picture was the move into 70 Well, not it's not the big big picture But in this time frame the move to 70 because of this directional move here Understanding directional moves on and then the order flow after those directional moves gives us a lot of insight Okay, this here and going through this material in here Understanding these directional moves understanding the the elements here on the bookmap chart such as the volume and the liquidity and and the structure Is really no different like we can look at hold on Is that it no here, okay We can look at this here. I've got it This is an S&P E-mini monthly chart Okay, month just ended yesterday for June This is the candle that we see here Okay, in this structure here We are clearly clearly in an uptrend All right, this goes back to 1998 obviously this is a continuation or perpetual contract that they have which is nice But we're clearly in an uptrend all right, so In the in the bigger picture so this pullback here, you know, we'd have to come back down into here Back in 2019 or so And have to test some of these lows in here and and trade and accept below these some of these lows in here To to see kind of a bigger picture Downtrend, you know, so, you know, we've got a long way to go if that's the case All right, so, you know, this is still pretty I mean these are pretty big monthly green or red candles coming down Right, so obviously we see some some change here in the market and we can look for Again directional moves here even on this monthly chart right here and Then here we have three months that are pretty pretty good Okay, another one up here Starting to move the market So these sellers coming in moving it away from this previous value area up here And we can we can talk about it and use the same analysis here on this monthly chart Let's use a rectangle All right, so this value area here and the move away from it. Where is it going? Well, we look for previous value areas or previous moves in In the chart so this little area in here makes sense that we're kind of testing it here Okay, but let's move on from that one. Where else? Well, you know, I'd be looking for the move maybe back down into this area here on the monthly Okay, outlining this area here and the swing down here All right, I would be looking for a buyer's to come in and to bounce off of this area here So that would be around. What is it? 3550 or so. Okay, and we're at 3800 right now all right, so just getting understanding again of You know some of these areas a bounce in here is a is You know kind of to be anticipated right right in here And it could be just a bounce we need to kind of follow up Maybe and we might get a retest back up and might retress trace all the way back up here to where it broke from and If that's the case, then we'd be looking for the move back to something like here right just understanding the these directional moves and the order flow on a monthly chart for this s&p Same idea here We're gonna be using in here. All right, so look at look at the the buyers starting to come in now This looks pretty strong pretty powerful buying. All right, so let's get a move back up to the high here of this little swing Here we need to see buyers up here. It looks like we're gonna get it And let's see it now. We want to see the order book. Yeah, they're bidding up a little bit We should get the pop up into 77 and 90 here Let's take a look Okay, one thing I don't like is is don't see too much support here in the order book underneath Okay, we want to see them bid up underneath and we want to see see the reaction to that order book under here as The reaction is is buyers here. Okay, so here's the retest to where it broke out from Not getting much out of the order book right now to be honest Okay, and we're looking for buyers though. If it's if this move is going to continue We got to find our buyer. We got to find our support here We got to find buyers and we're really not right now here. Here we go. Here's a little bit of support All right, do we find buyers here at 72? If we do we should come up Likely come up and retest the swing here 75. Okay, here's our support Looking for our buyers and let's see the move to 75 Okay, and look at look at their action up here at 75. They polled. Okay, maybe we can get to 77 then Okay, one of the things like I said, we don't like in here is there's just a lack of liquidity in here See how it's dark around this area So this is where you get, you know Some back-and-forth moves and some volatile moves because there's not a whole lot of liquidity in here Okay, we should get our buyers here on this rotation. We should get our move into 77. Maybe up into 80 here Okay, so yeah, they're bidding up here and we're finding it Again, no watch watch this we'll trade up here and sellers can come in and hammer it right back down to 73 Because it's dark in here Anyway, we're putting together context of the The order book Historically here understanding the intent of these traders at these areas here All right, so There's a couple of range bound trades in there You can take a look at when you see this kind of it's not doing what you want or what it's looking for You know, you could look for the the move or retracement back down Okay, just just be aware though that you might get caught in here and you'd have to exit pretty quickly If the order book shows something in here and you get a lot of buyers, it's likely going to break out into these areas here So that's risk management for those things and that's something you'll have to take a look at in more depth All right, so Anyway, just shy of our 77 level in this liquidity here and that's meaningful and we didn't find enough buyers up here Even with all this powerful buying in fact, we're below all of this powerful buying Okay, we can see sellers come in here and really try to squeeze these buyers And then we can get a move into 65 instead and if we do watch it here Okay, again, I it's it's we're not seeing a whole lot on the offer here pressing So buyers can come in and fill this area in No, this is not tick by tick Jonathan. This is we're looking at all price action here it's not tick data and You know a tick is You're looking at like a you know a transaction And let me show you here like in book map. We're showing everything. I mean this kind of this kind of detail In the data is is fantastic. This is really a rhythmic fantastic Let's just make these transactions bigger you'll you'll see in here Hmm like in here, right? Here's here's the edge Best bid and offer the same no transactions But we have a few updates in here in the order book a one here Here's the bid is 177 Now here's 186 and then here again is one is down to 185. There's slight color change right there Okay, not one transaction not one tick not one tick occurred here Okay, so this is a lot more information than tick data. I just want to make that point When people talk about tick data and trying to you know discern or define exactly what it is So we're you know, we're really seeing a lot of detail in here any update in the order book regardless of the tick You're getting that information here All right now this is rhythmic and it's for CME group futures. The transparency here is pretty good In other markets, it depends it depends on the on the data provider It also depends on on the exchange Okay, all right So let's take a look again here and let's read this order flow. So we are now Here's our cash open. Here's the swing. We're below it Okay, so what looked like to be that strong breakout, etc. Even from the overnight session, etc All of this in here You know now we're below this this area here. It did not accept above here So let's clear our structure drawing here and let's take a look where price might go next So we're just retesting this swing here And we have the low of the day down here So around 3750 and the low of at least the data I have in here from the overnight So around 3750 or so a little bit below it and so what we're looking for here is this is a return back to the mean as Someone had commented there in YouTube so All right, you know, we're through actually the high volume node for the session here, which is here And in fact, let's put POC on here You know, I want to show the POC not not because I want to get into like volume profile type of stuff I just want to show value And this is a value area. This is helpful though This was a previous POC here for the overnight. It's paltry in comparison to the cash session Cache session volume is incredible But we can see though that the sellers may try to retest this area down here at 55 So that there's there's ways of starting to understand and put together strategies here That you may consider Okay, we are not a trade recommendation room like I Describe all right, so we're still trending down looking again for sellers Right in here, let's see if we get them right here right now and then boom We should get the move into 60 order book looks pretty good. They're on the offer here. We're finding our sellers Looking for the move. Let's see if we can get down to 61 and 60 here nice stop run there 144 Now this well, you can see each I have a minute here between each vertical dotted line Wilson So, you know, we're looking at I don't know one two three four five six seven seven seven minutes or so of data Okay, here's our move into 60. Okay. We were just looking for that. That's already unfolded Okay, and we had you know, it got a little kind of You know, we never know Right and it was there was kind of dark area in here and then kind of a dark area in here where buyers could have filled it back in They didn't really they tried a little bit in here, but You know, we got continuation of the selling down into 60 Right now we did have though some pieces in here before that they're offering here at a lower level We're finding sellers. The structure is negative lower highs lower lows sellers at the lower lows Not too many buyers at these lower highs There we got our structure we got the volume data within it and we also have our order book understanding They're lowering the offer Okay, and then and then the target would be 60 and there's our move into 60 Okay, so we're just looking for that move to unfold and that's it and Then you know, you can hold for a runner if you if you got in in up up in these areas in here Well, you can you might have gotten stopped out if you move your priced your stop to break even at that point Okay, but you took some off here. It's really how up to you how you want to manage it, you know Maybe you got in somewhere around in here looking for the break took took your partial profit at 60 And then you're looking for your stop above these swings in here. So, you know somewhere up in here, maybe Or depending on your time frame, maybe your stop is even up here 70 71 You know, these are all Considerations depending on how much money you have in your time frame. What is your risk parameter, etc? So anyway, we can put, you know, this analysis here into a cohesive strategy of just understanding You know kind of like a almost like Wyckoff in essence looking for structure markup markdown You know distribution and then, you know markdown and then accumulation Same same concepts It's really the same idea and then from those concepts you can develop your your volume profile if you want and then go through, you know Trading method methodology using your volume profile Again, it is the order flow though within these areas that is going to give the transparency or insights to what's happening within those those methodologies those structures All right. So in fact, we can demo candlesticks here, right? So let me throw on a candlestick chart here And we can go through some candlestick patterns. Hold on Let's look at a one-minute candlestick chart. That's fine And we're gonna look at a five minute. I don't really care Let's look at a one-minute and let's make the body with a little bit more There we go. All right. Okay. So your candlestick pattern. All right Well, what if you got buyers back up above here on this little move here, right? You'd be looking for it to close up here around 62 Okay, let's zoom in. So that would be reversal, right? Well, what we have to look for in the order flow then is we need a couple of different pieces number one is We need to get buyers up here Okay, we need to see green dots up here Hey, do we have that? No We had a little bit here, but we were just looking at it right now and we don't have that Number two is we're looking for the order book on the bid to be you know Pretty pretty solid underneath here with the intent to trade at these levels down here Around 59 58 maybe even higher. Do we have that? No Okay, so we're back down here now. I'm actually looking for the opposite sellers Here look at the look at the offer here See that more liquidity on the offer looking for red dots though down here. Okay, don't see them Now this guy actually traded we found we actually found buyers here. Okay, so that's pretty interesting That takes this sell we didn't even we didn't Look to sell we look to sell down here. We didn't see something happen though. We look to buy up here We didn't see something happen and by by reading the order flow in here and not getting caught up in the You know some of the Unless the order flow gives us some insights here we stay away Okay, let's see if we get our sellers again here There they are okay now. I don't this is something where I don't like it. It's doing it I'm looking for the sellers to break it down into 55, but I don't like it I don't see the I don't get the other piece here There's a little bit of on the offer here Right, so even though this is doing it and this is what we were looking for I would have stayed away from this I'm we're not seeing the intent of of traders on the offer here Okay, so Yeah, that's that, you know, I'd sit on my hands wait till I see him a higher probability Event in here or are set up basically Okay, look at the offer now guys. Look at that. What's the reaction though buyers seem to be interested in that liquidity? Look at that, okay So I'm looking for these buyers to test these guys then at 59 58 and a quarter 59 Right look, I want to see them on the offer here and I want to see the reaction be buyers If we get that then I think we will we can get up here and get maybe a breakout Okay, so and we're not right now We're kind of rotating back and forth in here The fact we're getting the opposite Okay, but this attraction to that bind was really interesting in here Okay, that was something new. We hadn't really seen yet They were it was the the bind liquidity here was repelling the short term high liquidity here Was repelling buyers and they seem to like it here. So Interesting Hey, well, they're up here again. Still if buyers are interested. Okay, here comes a bunch of bind And that's hard to that's always hard to read This just came in out of the blue And they someone just larger player come that comes in and just starts buying Okay, well, yeah, they were attracted to this liquidity and Traded up toward it here. Let's see if they can Here's our second leg and there was no interest up here to buy so a rotation down does make some good sense here Okay Anyway candlesticks aren't telling us much either right now. Yeah, just not seeing much right now Buyers could whip it back up here very very easily Yeah, just still this is just back and forth guys not really seeing much something will open up here though They did pull this liquidity at 57 and a quarter All right, there we go there now we got a little bit of buying but we're just at the top of the range here Again pretty dark in here on the on the bid so they can we can see a move back down to the bottom of the range here You know one thing to note is the the this kind of back and forth Before the figure here in the high liquidity down here at at 3750 Because this is really where it wants to go down here We're just watching and looking at smaller time frame stuff within it. All right, so yeah, here's the This is this is a little telling in here in the in the candlestick and the volume here guys So again, not too much in the order book except for right now at 61 Which just pulled so we can discount that as well But let's just take a look at these two elements here kind of kind of missed it But you know saw it when it was starting to pull away here The the move here in your candlestick pattern Okay, well is you're looking for a break of the range right up in here So you're looking for buyers up here lack of sellers down here And you're starting to get them here You're starting to get them if we can get up a little bit higher and you get them. We should you know see Then break the range and try to move it away. Remember directional move move it away and establish a new new range Outside of this range here And then back up into high liquidity when the high liquidity would be here around 60 64 to 65 there Okay, so anyway We're already retesting here At 59 where we just broke out from and it seems to be accepting so far Okay, so again, we can just mark this up Consolidation break out new range. All right, let's see if we get sellers down here again here and It's pretty dark in here. They could they could come all the way back down to 54 here If we get them Not seeing not seeing much here. I mean like again just this is just really back and forth in here We're not getting much out of the order book at the moment Nor are we getting much out of the aggressor in here. There's not a whole lot of selling down here not a whole lot of buying either so again, no and no insight in this it you know, we we've Been covering this the last week or so I mean God we've been coming for years, but like when you don't see something specific for a directional move You know, these can be really nice range bound ideas It's just not my style To to look for that. It's like, okay. Well, I'm not sure. I'm not sure I'm not sure I'm gonna buy it anyway because I'm at the bottom of the range and then try to dump it off at the top of the range Yeah, not really my style. I like to look and confirm something Not have not have confirmation by not having something if that makes sense Anyway guys, I just wanted to show You know a few different trading strategies and and how to apply order flow to them, you know, we can just even start to Develop out this kind of understanding of structure and and volume within a strategy as well And that that can be its own strategy Like I said when we take a look at the let's get the candlesticks off When we look at the that monthly chart, you know, you can start to devise these strategies like that No, no doubt no difference You know, you'd be looking for that volume to pick up down here because you see the wicks You see the buying wicks in here on the monthly below this swing here, which on this monthly chart is significant here Right. So around this forty two seventy five area here. That's the swing. That's where we found buyers That's where we made higher highs tested it Buyers test it again found some buyers. Look at the wicks test it again found some buyers And end of the month here like we ended up a higher After all of this kind of fear in the markets and then the next the next month after that look at that That's looking pretty bearish Okay, so we we found buyers in here now it closes down here Okay into these areas where we found buyers is tested here one two three. This is its fourth time So we get one more kind of back and forth here Month actually, I shouldn't say that that's not true. It did retest back down here and came back up Here's on this month here in in June. We got the follow-through in the confirmation to the downside Okay, all right great. So but where are we here? We're down into where we found buyers previously Okay, I already covered that So yeah, I would be looking for Some buying in here and on this monthly chart maybe I mean we don't we don't have a lot of data here in this monthly chart But maybe a move back up to here potentially Okay, so keep that in mind on the monthly chart All right, this idea and this structure here now we're reading the order flow around here All right So yeah here here's As I say that we missed the move here to the upside guys I hope you you caught it or you you saw it here again directional move starting to unfold here buyers at these higher levels in here looking for the next level at 70, okay, and Now let's take a look here. They're on the bid at 70. That's good Are we getting our buyers in here? Let's take a look no And we need to rotate back up here and find your buyers at 70 If we do Then we can go to next levels of liquidity 75 77 Back to previous point of control or current point of control up here at 80 82 Yeah, here's some buyers. Okay. What's the bid look like? Again, you know kind of dark in there. Okay kind of dark But you know here's again, we can go over that range bound strategy here If we don't get sellers down here Then I'll move back up to here 71 Okay, because it's pretty dark in here We're just mildly finding finding sellers drive it lower here though. All right. Well Watch you'll see buyers will come in. They'll move it back up Probably probably back up to the top of the range somewhere around 71. I imagine Okay, that's based on the condition here. We're starting to find yeah starting to find our sellers, right? We're starting to find them in here right in here and then again here. That's when we're kind of looking for the break Right. So again, this is this is one of the reasons why I really don't like the range bound strategy of if we don't see something Because we did actually see a little something in here Okay, but again, if we don't see anything in here, let's see. Let's see what unfolds here Not looking for sellers not looking for them Looking for some buyers up here a little bit and Not looking for anything here on the offer. Maybe some on the bid actually and then we get a move back up 66 Maybe 69 maybe back to our 71 level and not not seeing it not not really seeing much of all here This is just a kind of a grind lower High liquidity at 60 filled. Let's take a look now at the swing. This is where that breakout just occurred bottom of the range here at least So this is just a more like a On the stop run is here. You can see Well, no, I mean a captain price. Yeah We'll know what we I mean what we're looking here because like there's such a random There can be such a randomness to the market but we're looking for the order flow to give us a direction and we're going through scenarios of what that What it might look like and what that scenario is going to look like for us to Commit to a direction Right if we have that then we just have more likelihood for that direction to unfold So it's about the scenarios And going through them So we're looking for a condition of buyers or sellers at a certain area It limit buy orders and then also, you know market buy orders market sell orders Limit sell orders Okay within within some of the swings in here within the structure Yeah, okay. Look at the bid here. Look at a bit of buying in here. All right. Let's see a quick move back up to the top of the range Okay, there we go It was just looking for that. I mean it's a scalp of a couple points But you know we can still get more buyers to come back up into 70 here. This is a good area, too I like it right here. We're right where we are 66 or so Okay, there's some structural areas in there Okay, so, you know Let's see Wilson Where does it tell you the degree of market orders hitting the offer or bid? It's the aggressors the the dots here Okay, so green dots market buy is that what you're asking red dotted market sell Bigger the dot the more the selling Or more of the buying Hey guys almost to 70 here McLoco, there you are. Where have you been? Good to see you back in here. Okay 70 Transacting guys. This is where the sellers kind of dropped it here so This this let's just be you know Realistic here, you know, this there was that kind of directional move We're it's it's not the greatest example of it that that selling directional move we saw earlier That was an easy read. This one's a little more a little little harder You know, this is not really it's a nice string of buying, but we want to see and the price movement is there but You know, we want to see big green dots pulling it away here. We start to get it here We start to get it here. So this in a move to the top of the range. It's pretty pretty easy or Likelihood is is Higher it would trade back up into around 64 65 here and then seeing this in here Likelihood is we'll see buyers continue to reach 70 or higher liquidity and then we can see 72 here the We get the pullback here And a deep one The first one I would look for would be around here Okay, this cluster and then the breakout from that so and we can see it It did it it kind of went sideways and we found a bit of buying in here So, you know that there's our pullback there that we would anticipate I would anticipate another one here and we got a very very mild one here Right now seller once we get sellers below these areas in here Look out look for the bottom of the range or the high volume node within this structure here Which would be somewhere around in here Okay, so they went they came all the way back down to 60, which is the bottom of the range All right, so just because we see the directional move We do look for the support and the buyers to come in here if you don't get that watch the sellers blaze right through it I mean we've covered it for years looking for that and it is Here's here. Here we go another directional move guys looking for buyers looking for 77 and then also I like this This is strong buying. I'm looking for 80 and maybe 82 here And we're gonna get a pullback in here Likely because it's already come pretty far and pretty high already First pullback will be here. Just just covering what we went through in hindsight Here it is in real time first pullback should be around here 74 Let's see if we get buyers there if we don't Sellers will likely bring it all the way back to 70 then All right, so all right, so now do we get buyers back up above here 70 at 75? not yet If we do then the likelihood is higher For somewhere around 3780 to 82 Okay, so going through two scenarios here that we just covered in hindsight So this is it's great great example here going in real time So let's see. Let's see what we get We get our sellers here boy buyers can whip it right back up to to 74 and a half or 75 here very easily so and There there they are All right, okay, so top of this little range here What's the bid look like do we get buyers? Yeah, a little bit. Let's see a little bit more here. It's not enough All right, so yep, we're we're breaking it here. So now we're looking for this pullback to here 70 Let's see if we get our buyers here See how sellers whip through it. We get if we can get our buyers back up above 70 here Don't yeah, it's just the order book isn't really helping us here This is just aggressors, you know bashing it back and forth Anyway, the scenario is this Right here. Okay, so and we're already had sellers below it But now they're kind of bashing around this 70 level If we get buyers back up above it on the bid starting to pull on the offer would be looking good That scenario is certainly not unfolding as we can see It's the opposite They're on the offer. We see we see the aggressors Okay, so this we assumed that they're going to be supporting it here This is a directional move We'd be looking for a pullback This one failed it was kind of like the other one that we saw over here where they whipped it through here Okay, so based on this we noted how they come down back down to the bottom of this range here We'd be looking for the same here Bottom of this range so down down to here That's where we'd be looking for it Okay, around this 63 level here All right, so let's see if we can get that to unfold Okay, because they came through this area here where we always look for Support in this area sellers went through it and then they came through it again And then now they're dropping it looking for the move back down to the bottom of the range Okay, and even that's not unfolding right now. I don't see them on the offer here A little bit now. That's better Have the extreme selling bringing you back. Okay, excellent MC loco Yeah, yeah, I mean that's that's I mean it's funny to you say that like we see like once the volatility starts to pick up But like a lot of traders come come Out of the woodwork basically Nothing nothing great right now guys. Nothing great again. I like that they're starting to pull here on the offer So let's see if the sellers can just for a small move back down to down to here 66 65 And on top of the range looking for a move back down to the bottom of the range Right that was based on not having support on the bid here Right and up here not finding too many buyers. So looking for sellers just drive it back down to Yeah, 65 is the liquidities where it really is Yeah, yeah, the the volatility is double-edged sword can it can double or triple your account for sure I Can do the opposite though too All right, let's see if we get sellers down here and then look for that bigger bottom of the range move We were talking about down to here 63. All right looking pretty good and Yeah, yeah, so, you know, we're looking for the move here because of lack of buyers a lack of bid for sellers to whip it down to you know somewhere around here Around 65 they've already done that. I want to see if they can continue on though to the bottom of this swing in this range here Hey, so looking for it And that scenario and we got a nice little trend starting to pop up as well and We should get our sellers right here and they should should be able to drive it into 63 Yeah, there they go, maybe they can drive it down to 60. Anyway guys, we've gone through many examples in here and Is there do you have any questions on the on some of these examples like how to start to read this again? We can go through it again Yeah, pretty good day to show the orderful Alex. I mean we do this every every session You know, sometimes it's it's a hard read some some of the Periods today have been a hard read and we knew it and we just we said well, we don't really know Other times it was you know, pretty simple Looking for the scenario to unfold in it and it did on many of those doesn't always something maybe Comes in and disrupts the order flow Anyway, you know Alex to kind of get to your question of I mean or kind of a looting to your question, I guess Looting to something into your question is the You know, we're going through many different examples in here Like I said though, this can be all moved into a cohesive trading strategy on its own or It can integrate into any trading strategy just like we're showing with candles So we're back to our our look at the look at the the kind of directional move here Okay, now did it go a lot of price points? Not really, you know three and the SNP We want to see like four or five, but if we get buyers up here We're looking for the this directional move to continue So we're starting to get them here I just want to see more on the bid here than I would get involved and I would look for the move up into 77 and 80 Which was our original, you know idea here Which failed here? We were looking for support here. We didn't get it So we're looking for the move to the bottom of the range like previously Okay, that we saw over in this example. This is exactly the same Example here as compared to here and the move let's take the heat map off for a moment And stops in icebergs just for a moment just to clarify Okay, so and let me bring out the pen. I think because we got some a lot of stuff on the chart all right so This directional move here Okay, and then we anticipate the support here it failed So it came back down to the bottom of the range here Maybe I can even get that in there. Oh great. Okay Here we saw the same thing Hey Directional move strong move We're looking for support here. We didn't get it looking for bottom of the range Again directional move Directional move again. We're looking for up here Okay, which was our original target to begin with All right 80 82 Unfolding right now All right, so it took a little while here and and look how it stops out people You know people are getting stopped out on the way down in here in here In here and in here. All right, and then finally it's done it Which we were looking for All right, but we would be looking for it here Now in this move here look at we got the pullback here and we got support here Let's take a look at the order book in here and see what this looks like Were they on the bid in this area here at 70? Let's take a look and let's get rid of our drawings Okay, so yeah, here's our directional move and Well here They came right back down into here and we found sellers. We didn't even find enough sellers to get there And then we have another retest in here again sellers. No sellers. No sellers This is very different than what we were looking at before and then now look at the bid underneath in here What's the reaction to this liquidity in here? We go higher We'd be looking for the move to 77 at that point Right. This is this is where it it is different than those other two examples. We went through Okay, the other two examples we came down here. We found sellers. They went through it It kind of retested back up above and then blaze down to the bottom of the range Okay, that's here Directional move we're looking for support. Look at this sellers drive it all the way back down quickly That's the distinction. That's the difference Okay, because we were looking for support in here Okay, same one over here Looking for support Sellers more sellers bottom of the range 60 liquidity here All right, that can be all put into a cohesive trading strategy Okay, let's look at this one here All right, so we came back to POC There's your mean reversion trade a beautiful one guys and Here here we go. We're looking for support in here and then also a little bit lower here where they kind of moved it Do we see any buyers in here? No All right, so let's see the bid is actually looking pretty good. They're bidding up here So that's not bad, but we didn't get buyers yet. In fact, you know, you can look for this This is a low volume pullback here It's kind of a it's a dangerous position I mean like because you can get whip right right back up here But you you would be looking for sellers in here And then you'd be you'd be looking to enter sell side here around 78 Maybe a little bit lower. Now you're looking for sellers and trade it right back down here 75 takes them off and look for continuation so Anyway, that's a Possible trading strategy as well And yeah, let's see if we get it here Okay, so it went a bit higher here Let's see if we got to get that we've got to get sellers here and we're not we're simply not Right, so, you know, you'd have to exit that one and you'd have to exit it Depends, you know, maybe maybe if you really, you know, have a tight stop you'd be stopped out here Otherwise I would if I gave it a little bit more I would have been stopped out here. I Gave it a shot on a low volume pullback Looking for sellers to come in After it trades back to the mean sellers to come back in and trade back down low again It didn't happen What Alex what question question what program would I need to trade paper with book map? Well, you I mean you can Just get you know book map global and you know, it's 49 bucks a month and you need to get a Data feed as well and it depends on what you trade Okay stocks futures crypto when it misses your target by two ticks It means everyone was thinking the same thing as you Yeah, yeah, it's Yeah, I don't want to get I don't want to go down that rabbit hole Wilson but I Mean, there's just said there's a random move to this as well And you know, you can get you can get knocked out very easily on those random moves my point is and what I like to do is kind of similar to Jay trader is You know using my Order flow For the move to unfold now Like right here look no sellers up here. I'm looking for sellers here looking for the move to work now Right, so then I would get in sell side here. I'm looking for the move to come back down to about here 77 and a half maybe this 80 liquidity, but these guys will probably get out of the way I'm looking for our sellers and looking for the drop 77 and a half My stop would be here Okay Because this should work now if it doesn't I'll get stopped out for a small loss And that's it. I'll look for the next one And it should work now due to the scenario in the order flow we went through and that's it You know keep it really simple and that in your risk. Yeah, you're gonna get lots of stop losses lots of break evens as well But you'll learn order flow very very quickly Okay, and you'll also learn about taking partial profits along the way Jay trader said I mean he says a lot of interesting things He was talking about how to take a loser Wednesday, which was awesome You know, he's he's learned how to take a loss That's something that is golden Learned to take a loss and You'll learn how to how to how to take a winner And then you know how to also scale out of some and protect your position Scott does the same thing You know Scott is actually a very different way of looking at it He's looking at a much higher time frames and he's then he's holding within a certain range based on his his style and his He's looking basically looking at two ranges average two ranges And it shouldn't break those ranges Therefore he's placing a stop above him and and it should work out if it didn't fine. He looks for the next one okay, and you know also You know to look at some of these areas like I said, we're looking like here We had our exhaustion. We we came back up here traded up into point of control. Here's here's some buying Here's some buying no buying lower high looking for sellers in It did trade down to the bottom of the range here at 80. I wanted to see 77 And that liquidity it was down around around here. Okay based on what we were just looking for that didn't work out and But you wouldn't have taken a big loss on it Okay, you might have even taken a partial profit at 80 And put your stop at break-even and you'd have a you'd have a small winner All right, so anyway, and then now and they have to be kind of nimble and flexible on this All right, so that didn't work out these sellers didn't show up and we got buyers back up above This is a tough read. I think Not so many buyers here. Not so many buyers here and then that really picks up here And then then we get our directional It's not yeah, it's not really such a there's the directional moves It's a lot of buying really quickly. This is gonna be a stop run It is and a lot of buying again really quickly and it's a stop run Hey, look at this bid though. Look at that guys. Look at this between 87 to 84 on the bid All right, so We'll see you know a lot of times they're bidding up trying to get price You know larger players want to get filled up in here And you'll see a lot of action on the bid push it up into these areas and then this just goes poof All pulled and look for the sellers to bring it back down to 80 Captain price. Yeah, you're looking at Okay. Yeah, you're answering his question. Okay This is pretty maybe you're not looking at the same error fat. You're not looking at the same You know timeframe I am and same You know settings etc But yeah, I mean I usually typically use the default settings in here guys. I want to cover something in here About these moves in here like and understanding these stop runs in here So, you know, if these are stop runs Then this isn't really, you know, and we have to really kind of zoom in and check it out But they're pretty big stop runs in here, you know, like 250 250 Uh And uh, but you can see how we can get down below those areas like this this little pattern in here is almost exactly the same It we did get a bounce here, right? Here's our So-called directional move, which is a stop run So it's not really new buying coming in here This is new buying coming in here a little little stop run But this is some new buying coming in and we got a bounce off of this support area Here they blazed through it here. We're actually getting both. So it's supported. Here's blazed through Now we're looking for sellers to bring it back down to the bottom of these ranges Okay, and back to point of control basically All right, so let's see here Hey back up to uh This this area here is really what we're kind of eyeing right here 87 and a half All right Now just based on structure alone Yeah, I I'd be looking for um some sellers to come in and try to move right back down to 85 here Just based off of structure And look at this kind of dirty order flow in here larger player comes in 220 contracts just throws it right in here Uh, and then uh, yeah, here's our move to 85. We're almost there And they're pulling here at 85 right so sellers can even go back down lower Back down to to 80 here 81 Okay, there's our move All right, all right So, you know, I made that comment there and then the order flow actually kind of came in after that comment Uh, let let's just review it quickly. Uh, because again, it was it was market structure. We're I was kind of um Had an idea for something to unfold and then it did after the fact but So, you know, that's that's something different. Um The the market structure was looking really good like this was the stop run The the the support and then they blazed through it. Here's our pullback on a pullback like this You know, I'm and and we have all these buyers up or we have a you know, kind of empty buying up in here I'm looking for it to at least come back down here to 85 And retest that from up from up here just on structure alone And uh, that would be You know something I wouldn't take I wouldn't just be setting up an order here and blindly Once I see this come in and then sellers which happened very quickly and it'd be hard to to get a hold of Then it looks much more likely that uh, you know, we're back up to the structure Uh, the uh, we we're not finding buyers up here higher, um liquidity on the offer Sellers looking for 85 and then they actually pull so then we're looking for bottom of the range like 80 81 82 80 levels Uh stops in icebergs. Sure. We'll put them back on I had them on earlier. I just uh wanted to to demo Uh, something Yeah, thanks. Thanks guys for helping out alex there. Thank you alex Uh, let's jump back to discord nothing in discord Okay Let's zoom out. Let's get our bigger picture here It's been all over the place today It was looking really nice here. Uh, bigger picture from the overnight Uh, we started off the webinar with uh, all of this buying In the london or european open here They were down here Yeah, I mean you can see them at some of these other levels, but look at this in here And the reaction was we came back up to the top of the range Uh, 9 30 cash open trade up above it here and then It it it fell out of bed here and Again, these are the same ideas like we're looking for we we'd be looking for support in here, right? This is the same concept Just done on the higher time frame. We did get a bounce here Look at the sellers come back in. This is where we're looking for follow-through And we can go to the bottom of the range Okay, did that and then some Uh, and then uh all the way back down Uh, and then we have some some uh some reads in here as well Uh for some of these moves up and back So Let's see here Thanks madden. I appreciate it Yeah, you know, I'm I'm gonna have to I can I can see that um, you know, I've been I've been doing this for for a long time Uh covering order flow in general Um, and I want to bring this into a more cohesive trading strategy for you guys I've I've always avoided this on purpose Uh, and I know that can lead to some confusion Uh, but I don't want to pigeonhole book map Or ourselves in here and limit ourselves into one trading strategy And I think that would be wrong There are many many different ways to trade. That's where we have jay trader. We have scott. We have tom b with a very specific style of trading and you know the the Book map education is for all styles of trading. It's just order flow order flow will support any style of trading Even if it's an indicator like mac d or cumulative volume delta, uh, we could go over that And uh, you know put cvd on the bottom of the screen here Get rid of stops and icebergs in the bottom of the screen And if if you have divergence or if you don't you have negative divergence Okay, what does the order flow tell you? So is this giving you a signal or not? uh and You know, that's the way to uh to to use it and look at it just the way we were looking at candles uh and and looking for um the order flow around those uh candlestick patterns Okay, you you do the same thing here on your indicator Okay, so you got to read the order flow Uh, that's where you're going to get um, uh, you know a real, um enhancement in in your trading You should All right, and that's what we're here for All right, but uh, yeah, maybe I can put this I'll you know think about this and I put it into much more kind of um Uh cohesive strategy for you guys very very simple stuff though, and you don't need anything um advanced if It's going to be based on our educational course. So if you you might want to check that out, uh Let me show you where that is again It is here I'll I can put the link into into youtube for you or in in also in uh in discord Here you go in discord and here it is in youtube I know you guys in discord have seen this. Um Many times over uh guys you might and on youtube you might want to consider jumping over into our discord really nice Community over there very supportive and a great group of traders Great insights on a lot of different things All right, so um Yeah, uh, yeah, if you can if you like this webinar, please give me a thumbs up in there On youtube. Uh, that's very very helpful for us And um Allows us to do more and more uh of these kinds of webinars and you know even bring other traders in more traders So, yeah, give us a give us a like We do we do look at that And uh and engage that and then um Yeah, uh, you know add your comments in here And we'll be back on uh, let's see no monday's a holiday and actually i'm away next week So, uh, there's no webinar on tuesday. Uh, I do have someone though to um help out With scott and j trader on wednesdays and thursdays. Uh, and i'm not sure if i'll be back on friday or not So, uh, yeah next week's holiday on monday and we'll we'll have to see um about Friday, uh, tom b will be in though monday through wednesday At 11 30 a.m. Okay to 2 30 uh p.m All right, so, uh, uh, he's he's changed the hours up a bit. It's still three hours Of analysis It's just a lot And it's incredible what what tom has done and what he's um, uh, given uh to the book map community. So Very very appreciative and thankful. Uh, so guys come to that one 11 30 to 2 30 p.m monday through wednesday Uh, really good stuff in there volume profile stuff You can learn in depth about volume profile and order flow together All right, so uh, you got we got that uh, and um We'll get more You know more and more involved in that as the as this quarter kicks off here this third quarter kicks off Yep, so uh, yeah, thank you guys. Thanks for the uh for the likes In uh in in youtube there, uh, let's call it today. We'll wrap it up. Uh, let's see Nothing else to go over Yeah, thanks for coming everybody and uh, have a good weekend. Happy fourth here in the states. Uh, and we'll catch up with you Uh, yeah, kind of next week. Um, but uh look for uh, the webinar with tom b and then j trader and scott Wednesday and thursday, okay Thanks guys. Yeah, take care