 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map and Hold on just a minute All right, so We're gonna go through live analysis here like we do every day Except for Wednesdays and Thursdays where we have live trading by stocks trader on Wednesday with J trader tomorrow Thursday with scoppelsini futures trader and they will Go through their way of reading order flow the book map education these webinars These live analysis webinars are educational course That's what it all revolves around. So you have the course and then you have the live analysis So you can apply what you've learned from the course. You can ask questions. We will look at Trading opportunities We will look at how to manage those trades, but this none of our rooms are trading rooms It is so you can apply What you have learned from these traders and from us here at book map And you can apply that to anything. All right, so order flow is applicable to just to any trading strategy So you're gonna be looking at details in the order book in the auction and be able to very Successfully apply that to your trading strategy to get more insight All right, so let's go through the disclosures and then I'll demo that for you We'll look at candlestick pattern for example right off the bat And we'll go through how that can give you an edge by understanding what's inside that candlestick Candlesticks are very opaque. Okay, I'll demo that just a second 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 the risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump in here. Let's take a look We had 830 data here and look what happened. All right Guys, this is again even even fundamental releases. Good morning, Dustin And let's see here in discord Who else is out and about? Sorry guys? I'm good in discord, right? Yeah screen is up and oh Oh, sorry guys in discord. I've been talking and I you didn't hear So anyway, we're up and running now and Was just talking about our education and what we're going to be going through here today How to get an edge with the order flow? All right, and this is applicable to everything. All right, so yeah Thanks, Doug No sound Lip reading is a real skill these days Okay. Yeah. Yeah. All right. Let me go through the risk disclosure one more time for you guys I just need to do this. It's a 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 training futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so We were just talking about what this is what these webinars are And how order flow Can be applied to any strategy and that is our goal here So that we have J trader tomorrow's trading stocks and his strategies guys we have Later after this webinar right after this webinar Doug. I mean Tom B. He'll be looking at volume profile And trading or looking for opportunities is we don't we don't trade We don't have trade recommendations. That's not what this is about. You're not going to learn. All right, you what you want to do is is absorb some of the content in here and Hopefully it's helpful for you and that you can apply it to your trading method And we'll go through that example with a candle with candlesticks this morning So so anyway, Tom B. We'll go through it with volume profile Doug will go after that In our discord room guys, we have so many we have a full lineup now in our discord room Doug's going to look at order flow around his options strategies Hey, he'll be looking at the underlying stocks And he'll be trading those but he's looking at options strategies very unique and No one else I've seen is doing something like this so I Really encourage you to come check out these other rooms that we have on our discord channel All right, just look for book map on discord. I think it's right on the home page there if we go to book map com Yeah, right here. You'll find the link right at the top Discord room if you don't see it there click on the more button and then under community Discord chat room right here. Okay? All right So let's move on Okay, so Well, look at the big move here, right now you can just get information right off of this right off the bat You're getting transparency that you just I just don't see in other platforms Look, it's just it's it's just fact Other platforms aren't going to show this Look where the liquidity is. Okay, there's liquidity in these areas right here one two three Look at the data release here. Hey, it was the PMI information this morning, right? We had the Purchasing managers or for production right or the Producer price index. Okay, so the Before the data release 830 look at everyone pulling their liquidity. Why did it come up into here? Because that's where the liquidity is And why did it kind of stop in here? Well, even though even though it did not trade in here Okay, I don't see anything that traded in here In fact, let me add a new column In here make it chart range nothing traded in here But what it's I this is just really kind of weird to me Not only did it not trade but why did the best bid or best offer? I'm sorry. The best bid came up here. So there's a there's the the best offers actually Down here. So there was some transactions in here, but anyway, nothing traded up here trades happened afterwards here about 12 or 13 seconds afterwards Some happened before as well and some stops were triggered before and This is what unfolded in the marketplace Okay, and for these seconds in here, I don't see any transactions whatsoever All right, and let's just zoom in a little bit and yeah We don't see any here. Just massive spread and then some some start to trade in here Okay, so now where did price go after this? Well, people came in after after the number liquidity down down here at 4 4 0 2 0 Then for 440 and then 450 high liquidity here also 60. Where did we go high liquidity at 450? 4050 Okay, pull back more liquidity in here And then we can see the back and forth in here Okay from all of this price action in here Okay from where they started to buy or where they started to transact in here guys This is order flow Why did price come back down to here? It's because of these transactions It's as simple as that And let's take a look see how it just dipped below then it bounced back up above Dip back down into high liquidity here at 20 which was here before the number as well even a little bit lower 15 Okay, and then they come back in the book here. They are tested and price bounced Okay, now price is kind of moved on from all of this data in here and Although this line is still important here. We see really price bashing around Accepting above stopping everybody out here the stop runs Trading back down below and then trading back up above another beautiful stop run above here So they're just bashing people around Stopping them out on either side of this line here at our 4027 or so alright, so and I don't see any follow-through at the moment. It's just back and forth in here Here's our 930 cash open Accepted above stop below Just like we were just talking and And then yeah right now what's going on? Well, let's let's take a take a look here All right, so we're down below this but I see a lot of buying in here and Boy that's about it. I mean, there's really not a whole lot going on here at the moment to be honest in this order flow Okay, so even though that we see this buying coming in. Well, we need to see buyers come back in again Okay, you can see the sellers came in and dropped it really quickly here Okay, but we're looking to see for buyers to come back in and test back up to 48 4028 or maybe for 4030 here now if they cannot We're looking for sellers down at the bottom edge here at 4024 and Then they'll we should be able to see price slip down to 22 and 20 And now I just don't see anything in the order flow telling us right now Okay, so here comes some selling now, but look at the selling. It's it's not not very much And look at the offer here at 26 Okay, it's not it's not really much here to take a look at okay, so and we see price just kind of You know doesn't really react too much to it here. There's some more selling. All right Let's see it sellers. Let's see if you can drop it down into 22 And you know, these are small moves here but You know, we're just trying to trying to read the Players on these small moves right now However, these small moves here can be All related to the higher time frame. Hey, here we go here are sellers 22 20 Let's see if they get down to 21 and 20 below the swing here, and I want to see a stop run We haven't seen a stop More significant stop run here since back above our our line here at 20 It's like 27 and 3 quarters or so Yeah, thanks. Jay Jay C. Beep PPI Yeah Really important one really forward-looking Economic release, you know, so you can understand what the purchasing managers are doing And that gives a lot of insight Let's see does liquidity. Good morning, Tony. Does liquidity on both sides usually? Indicate consolidation I Example stain stay away No liquidity on both sides just means that it is pretty balanced in here And then we're looking for some sort of imbalance in here right to Kind of disrupt that the balance Someone maybe has some sort of insight or you know, they're they're searching for stops or whatever it is That's why you get you know moves to the outside of the range And then come back into the range because it does not accept outside the range Hey, there's there's You know not enough players that agree that you know, it's worth Accepting outside of the range and going higher. Okay, so we can go through this example. This is actually a really good question Okay, so the here here we go see see how they look at high liquidity here at 24 and a half Okay, so there's an imbalance there now, right? Well, look what happened sellers took them on All right, so now that's the event that we're interested in this 24 and a half here Okay, we're gonna be zooming in now. This is small time frame or low time frame here But it doesn't matter. This is the same stuff on the higher time frames as well Okay, so we went a little bit lower still more selling pressure now if we get buyers back up above here Then we should be able to get them to slip it up into 26 or maybe even 27 and a half Okay, so this would be kind of a trap here And then now we're looking to see if we get our buyers up here and then the move higher up into 27 and a half Okay, so what and see see that see the imbalance starting to come in a little bit there on the bid as well Not much, but a little bit right see it right there and then we're looking for this move into 27 and a half Okay, so this was the key right here into read and I'll see them pulling here watch them Take it a little try to take a little higher here 28 Okay found some sellers up here now Okay, so this was high enough here to find some sellers drive it back in into them into the mean here basically at 25 Okay, so it's always this this auction and this balance in here or Inbalance watch look for the imbalance see how the liquidity is here now okay, so Where would balance be it would be between these two areas of high liquidity would be in the middle here Which is our high volume node here at least in this view. Let's see Yeah, yeah, it's the high volume node for the For the session here, maybe it's no maybe it's up here 35 Anyway, it's a high volume node. That's for sure What and and just understand what a high volume node means just means is price is accepted in in this area So if you understand that it price is accepted in this area because it trades a lot in here Well, then areas outside of that acceptance means that if there's nothing new in the world here Or you know traders don't think differently of the product or the instrument then You're looking for a mean reversion Okay, so now this this came out of the blue here All right This is just a lot of sellers all of a sudden coming in and now see what they're doing though They're driving it away. Okay from this area here Okay, they drew it they drove it down to 20 our 40 20 area Okay, looks like there's more selling here. Well, let's see them drive it down to 15 Now watch this down at 15. We're probably gonna find some buyers. Maybe a little bit in front here And they will probably try to scoop it up and drive it right back to 20 or maybe even back into our 25 area here Hey, because if there's nothing new in the world here or you know, no one re-thinks this instrument here Then you're gonna get traders who are this is at a discount down here. This is like Truly like anything in in in the real world that you know, if there's a sale on Sandals or soap or you know, whatever it is at the supermarket avocados Then you know people are gonna this is where you're gonna find demand. Okay supply and demand All right, so and this always this kind of back and forth Okay, so what? Anyway, like so we we didn't even get down to 15 We already saw buyers come in and pick pick it up a little bit here And let's see if we might get our more sellers in here make it down to 15 now Impulse move pull back impulse move Okay, so trying to see because looks like looks like sellers want to drive it away as Heavy more selling than there is buying here And so let's read this auction All right, well that you can see them at 20 here See how they were on the on the bid here at 20 now They're on the offer here at 20 and also here look at this player here High liquidity here pulls adds lower pulls adds lower pulls adds lower etc Okay, 162 on the offer there and it's transacting. It's finding some buyers Okay, not enough though. So we got some selling They're still in here. All right, so let's see if sellers can come in here Right around at this 19 level in a 19 and a quarter and then they'll drop it into 17 and maybe 15 And we'd be looking for that. That's a possible scenario Okay, another scenario is well, maybe we do find more buyers up here at 20 take these guys on And then trade back into 22 and our 25 level Right, so we got to go through those scenarios and this is this the second scenario is what's what's unfolding here We did find those buyers. Okay, we're already back at 22. I'm still looking for them to take it back higher back to here 25 and There it is Okay, so there's your mean reversion trade. I mean that's pretty picture perfect Guys I was looking for Well, it was a scenario, right? It's we never know but the scenario was strong move pull back strong move And then a move back into 25. Well, the buyers didn't didn't Have that or the sellers didn't have it to drive it lower here We already see the buyers driving it right back in Okay, now we're getting enough buyers here. They'll probably drive it to the other side of the range here at 28 Okay, looking for it. We're already above this point of control and we're still finding buyers Okay, well, they will explore the outer edges here of the range. So maybe this is where price is too high for For more buyers Okay, I'm looking for a stop run above here. So we'll get buyers up up here Right, but it's gonna be Not people entering or buying because they think it's worth this they're they're buying because they're covering Okay, and then maybe it will fail and come right back into 25 Right, these are some of the scenarios here. Here's our stop run, right above our range Here's the test of the outside of the range still looking for a little higher here Let's get up to our 30 level here And we'll see it's probably some more stops now the question is Up here is this High enough for sellers to think well, yeah, I don't agree with that price And then trade it back down to 25 Okay, or maybe even a little bit lower Still finding buyers Still looking for 30 All right, does that make sense? I mean, this is I think this was a pretty good example We're talking about auction market. There's our 30 Okay, and we're still finding some buyers All right, now I would just anticipate a move right back down to this liquidity here as well Okay back down to 27 basically maybe 26 Interesting look at that on the bid heavy heavy liquidity here on the bid Larger players in here trying to see this is the skew in the auction that we're talking about before Right look at this bid in here now. It's a it's a battle in here There's high liquidity up here at at 31 and a half as well Okay, I think these guys are probably going to pull that liquidity, but we'll see They transacted Okay, they stayed in the book and transacted and what about this guy now? The large lot trackers showing about 200 of these contracts here is one individual actor and another actor up here holding about a hundred and 20 or so 100 Yeah, thanks. Thanks a W. Black like yeah the it it's This is auction market theory It's in its don't let the you know the name like Auction market theory sound all complex and and and scare you away. It's really simple stuff It's just an auction and in common sense How is the book map different than than jigsaw? Oh, there's so many different ways so Well first off I think there's there's other products out there And this is there they just they don't have the accuracy and I mean, I've seen them and the There are other many other copies that that that are out there and One of the big distinctions with book map is the way that we can zoom in Or the way that we collect the data basically Zooming in is is nice and it's amazing to see this down at microsecond or nanosecond resolution You know that's great, but it's truly at the most binary levels This is how the auction works This is what's unfolding Okay, and look at look at how these are spaced apart We don't know if this is like, you know, maybe an algo selling or someone came in and just hit the bid Hard and then it's just you know finding liquidity and trading and then finding liquidity and trading But doesn't matter what what matters is everything is recorded here. It is extremely accurate the Other products that I've seen out there they they just they don't even come close The they the data here is aggregated by tick at best So that means that see look at this in here see between these transactions here Well between this one and this one. I don't see too much happening But here between between these transactions in here and these are all the transactions. They're all in here Okay, but see the train changes in the heat map Okay in here as well Okay, this is updating here where tick data will not update like this So you're seeing changes in the order book without any transactions a tick data has to have that transaction take place Or, you know tick movement take place And it is it's not showing you the details in the auction. This is very very accurate That's a big distinction and that's due to our past Our past is comes from algorithm or algorithmic trading and we were able to We're not able to read the performance of our our algos Uh, so we developed this visualization for it Uh, and then we showed this to other Traders they liked it and they said if you made a platform out of that we would buy it So we did and we've just added so much more along the way So we do have uh, as you can see in here a very professional dome Now as well that's equal to any other dome or even exceeds it in in my opinion Where is it here? The dome pro here it is Okay Uh, the lot of a lot of nice features in here that other domes don't have Hi Stefan, um Yeah, well volume profile, um paresh like here's our dome Guys, if you if you're interested in this and comparing it to others You know here, I can show you where there's more information on this. There's videos We have a work there's a kind of a webinar on it a couple of different webinars on it as well It is a very detailed, uh, and there's a lot going on in here, right, so But comparable to any other product and then some All right, so now volume volume profile. Yeah, okay. We have some volume profiles in here And for the chart range and session range Uh, but the heat map uh, and the way that we're recording this data is a big distinction between us and others This kind of accuracy in here. You're not going to get Uh, be able to understand this auction at this level You're not you're just not going to be able to get and that matters because like this is the way it's recorded um, and then Uh, and then plotted so, you know, uh If it's not recorded Properly, uh, then the data is not going to be proper. Okay, it's gonna there's going to be discrepancies So that makes a big difference Okay, we have stops in icebergs being able to see like for example right now that move down here It ran right into stops down here. Okay at uh, you see 102 here and two two different transactions and then But there's another one a little bit below it here for 221 transaction. That's pretty detailed information Okay, we have all sorts of add-ons that others don't have You can see in here in the add-on section I mean there are here. I'll even show you here is probably better From uh, well you can go through here at bookmap.com and and get these questions answered We can go to the knowledge base here Okay, and you can go to the add-on section in here all sorts of add-ons in here Here's another big distinction between us and others is we have an api It's a java based api And you can code your own We also there's now a bridge to python. So you can code your own add-on indicators It's level zero and level one api what does that mean Level zero means you can actually make a a connection to uh an exchange All right, so if you're interested in that level one means the add-ons within bookmap Okay, those are A few big distinction. We have a replay mode Okay, that is not available as well and We have all sorts of filters for the volume for the And all these different add-ons in here as well Okay for the heat map for for the volume all sorts of filters in here uh, we have the cumulative volume delta in the sub chart and uh, and I mean this goes on and on um, I would Hey go I would Encourage you go try uh Give a trial a book map for a month and and compare it To others and see what you like and what you don't like Okay, another thing is our education. Okay, we have all of this educational course Um as well as uh the discord Okay, we we have um people presenting From 8 30 in the morning east coast time until the close All right, so we have all sorts of different traders in there Um one's a crypto trader at 8 30 rain And then we have these advanced webinars. We have scoppelsini. We have j trader Then we have tom b then we have dug options with dug And then we have the algo boys the algo boys are from 230 to the close Okay, so lots of stuff in here So we have a robust support and community uh Gnom, um, yeah, I I I would suggest that you use rhythmic data with uh, and you can you can connect to your Uh, this is again another another advantage trading from uh book map from the from the either the dome or from the the uh chart and heat map uh And and managing those trades in many different ways uh, so the um Yeah, get the rhythmic data Uh, well depends on the price of the rhythmic data can be 39 bucks a month if you just trade the cme Instruments not the you know crude oil and gold and and bonds and all that kind of stuff, but just uh, like the es nq uh, russell Uh, and then euro dollar etc. Those are all available Uh for 39 dollars a month from rhythmic Okay, and then you could also just get the book map global version Uh for uh for 50 bucks. So it'd be 80 bucks Okay. Yeah. So that's that's how much it would cost you. You can get it. You can get it for 80 bucks altogether per month Okay, and then you're also going to get all of this education that comes along with it Okay, and community All right guys, I look there's a lot of comparisons and you know, like uh, if you go here, uh down to Uh compare these uh, uh different uh products in here click here Just read through it. You'll see the differences compared to others out there all the different add-ons All the different core even the core features in here. I mean very very different Okay, we come from a different uh different background All right as well as all the other things that I mentioned. Anyway guys, let's move on And and get into this this data in here, uh and price action. Um, so Yeah I need to cover those things. Um, uh with you guys, I I really And you know, I hate to go over all those things. Um, because look what we missed and that's what we're here for Uh is to uh read the Live order flow and give insight to where price might go Due to understanding the order flow in here All right, so what we saw this move to the downside We're looking for the mean reversion back to This area in here where it dropped from Uh, and then we were looking for the move back up into 30 up here, which all unfolded Okay, and we saw it in real time and we were looking for it to unfold Uh now we got some back and forth in here price went a little bit higher up into where Look where it dropped from here right Into it 34 lots of buying up here Lots of buying unable unable even the buying in here looks good. Now. This is kind of a hard read. I think up here Because this is a strong move here Not so strong here not strong Okay, a pullback not a whole lot of selling Okay, and then strong buying up in here But they failed to get back up above they failed to even make a higher high here Okay up into the swing here or this swing, you know from the high high of the cash session here Um, they failed to do it Or not not from the high of the cash session went a little bit higher Um, so what did we get all right? So well if it fails Okay, and then look at all this cluster of um I know this is hindsight guys, but we go through it in real time all the time Uh, here's our failure Okay, and then look at this whole cluster of buying Look at the sellers starting to move it away. Look at the retest back to that cluster and that swing in here Hey, and then more sellers here great more sellers here looking for them to come down to the bottom of the range take some off uh, and Well, what happened we came all the way back down to where? This high volume node at 40 25 and it bounced So there's another beautiful range bound trade back into this high volume node here Okay, and again, it's not technical stuff. You might not like volume profile But this is giving some insight of value of the instrument. Where is the most traded level in here? Hey, well, we can look at it Right and we we we can look at The volume profile is giving us some insight in here Hey, this is another one of value up here as well Okay around this 31 area And what about outside down here? Yeah, I just I just don't see a lot of volume there Okay, so look at the profile It's not it's pretty ugly p-shaped profile, but there's just more trading up here basically Okay, maybe you don't like volume profile fine. This is what I was uh, um Uh wanted to do from the very beginning was go over candlesticks Hey, there's a five minute candlestick chart Okay, let's look and see what's inside the candle Okay, because without it. This is what we get and we'll take we'll take off stops and icebergs for now too on chart Okay, so here's our candlestick chart All right, so let's try to read the candles. Here's our data Here's our pullback And and we just went through in detail like why these pullbacks took place Where and then once you understand why you can start to look for order flow trading or behavior of others Uh to react to these areas in here Looks rather random in here by looking at the candlestick chart All right, so uh, we know there's some wicks and selling up here. We came up here And it and it failed once here. Okay. It did not make a higher high I did not make a higher um or a lower uh low here either Okay, so we did not make a higher high here either. So we're you know on the candlestick in the range We're not getting too much out of it here We do know that there's some selling pressure that came in and they just traded back down to 25 okay We would assume there would be a bounce in here and maybe trade back up into maybe 30 Or this kind of high volume node maybe back up to about 34 Okay, and retest that here. All right. So that's our candlestick, right? And we see the buying pressure come in already All right, so where where might it go? Well, we can look at the profile to give us some insight But let's look and dig deeper here. Okay. Let's look at the price action This is a great area 32 and a half for it to come to Uh, let's look at the volume dots and then let's look at the heat map. Where is the liquidity? Okay, well, it's here at 31 and a quarter and also here at 33 Basically, okay. So inside this candle look at the buying pressure. All right. Let's see them try to trade it back up into These areas we are just talking about Uh 31 and 33 They were we're almost at 31 already And let's see if we can get some more buying up here Okay, due to our candle our wick our rejection off of this level in the candle and seeing this buying within the candle Okay, and then looking for this as the target of liquidity 31 and 33 Okay, and we know that the buying is not bad. It's not bad in here Okay, so There's more selling over here You can see it in the dots. You can see it in the bars Okay, but uh, uh, still looking to see if we can get buyers maybe off of this again here Let's see right off of here Right again. We're pinpointing these areas here Right here There's structure in here as well. Hey, there's this kind of back and forth and this is our breakout here Right, so here's our pullback Now we're looking for the move back to to top and to 31 and 33 Okay, now let's go over the opposite scenario. What if that doesn't unfold? What would it look like? Right and we'll look for one of these scenarios to unfold Okay, so our primary scenario is 31 and 33 our secondary scenario is sellers back down below here Why here because this is where those buyers came in Maybe maybe 20 yeah around 26 and a quarter 26 and a half Okay, see that see the there our first move is already unfolded still looking for a little bit higher here Now, of course, this is smaller time frame stuff. It doesn't matter though. This is all the same It's all fractal on higher time frames Okay, so now Hasn't come up to 33 yet, but it came up to 30 are 31 You can take some off there you can reduce some risk If you see more buying coming in and bid really looks great as well You know and you can get into another position as well, but still have part of the first one to open You know, there's all sorts of ways to manage it and scale in or scale out of your position It's up to you Right, we're just going to read the order flow and give insight to where it might go next Now our secondary scenario is actually starting to look pretty good as well okay, so If we if we get our selling down here around this 27 And then we'd be looking for a move to back down to about 24 and a half well Doesn't look guys gonna look like it's gonna unfold. We got on the bid here. We got our buyers coming back in So we're back to that primary scenario here. I liked this selling in here. That's why I mentioned it They're right in here and here And this is not a whole lot of buying but they were able to bring it right back up to 31 Okay, it traded to our Not not 33. It was 32 and three quarters. That's where that liquidity was right here And and that did transact Okay, we didn't really quite zoom in and get the the proper level here. I said 33 But it's it's really this liquidity. I was looking for Okay, that's the target and that that has unfolded Okay, now look at our secondary scenario here Okay, looking good. All right, so back to 24 20 25 is a high volume node, but look at liquidity in here. It's more down here Uh 24 Okay, bottom of the range here bottom of the candle does well All right looking looking good. I mean it looked good once it started to push through here Hey, I know it it it bugs me like once it It's already moving here But we covered the scenario and what it would look like and this is exactly what it would look like So it basically did both of the things we were looking for First was the move up. I thought we'd get the move maybe down here But we got one more push up And then now we got the move back down. Okay, so both scenarios actually played out here Uh and uh and it's still pushing lower here. So let's see if we can get more sellers It's just can't can't uh speak quick enough So sellers came in and pounded it down to 20 and and transacted Okay, so what and that's where these buyers originally came in on that. Uh, we saw this move unfold Can I back down to 20 look at the offer in here? Okay, so more sellers. Let's see if we can get down to our 15 level now. I like it. I like it Because of this offer here and I'm not seeing any buyers in here. So where are the buyers? They're down here at 15. No one else is interested right now Look at this Right, this is again understanding the auction in here. No one else is interested in buying right now Sellers have this in control here Okay, so we're looking for 15 Okay, moving price away from this area here Right now that's what we're looking for and you need big selling. Okay, you need a strong offer Okay, and and the the reaction to this strong offer is more selling market selling And then then we should trade to 15 Okay, it looks like we're getting a little bit of covering right now Okay, I don't see as as new buying coming in here, but I do see like, uh, it's kind of just slowing down right now Okay, that offer is strong Here's another reason why we're slowing down right here. Well You can look at your volume profile. Sure, but it's the swing here All right, do traders want to take it below the swing Do sellers want to take it below the swing? Yeah, I think they're gonna here. Here they go All right, let me get back to some questions here Yes, those were iceberg orders earlier that we saw um Chris So any of you guys if you still have questions about the price scene and all that kind of stuff where you want to compare it to different Different products out there. Um, I gave you the references and then also just reach out to support at bookmap.com Uh, they they have the materials for you As well guys, there's our move into 15. Okay, and uh Let's see this still looking for more selling pressure Uh Let's see we might get we might get some buyers come in here And try to move it back to the first one would be this little knob or nudge or Whatever it is here this kind of uh volume profile here and and it makes sense This is this is where i'm going to go into volume profile, uh a bit Yeah, okay, the visual is nice Here, but it's really it well all it means is this trading activity in here and where it dropped from here This is where the sellers moved it away. So if we get buyers to come back in that's where we're looking for them to retest it Right, which looks pretty good 19 Okay, so, you know, we don't have to you don't have to really study your auction or your Yeah auction market theory nor your volume profile Uh market profile type of stuff just understand the meanings of them. All right, let me get to some questions here in Uh in youtube. We've got a lot of questions Yeah, see captain price already knows as well about the limitations on other products and and their heat map I mean i've seen them and like they just These kinds of details in here are Offer a lot of transparency If that makes sense, let's see about uh theta badger about 30 Uh breaking and then they flip the order book Yeah, yeah, absolutely. I mean like this is this was our secondary scenario in here, right? And then we were just looking for a move back down to here, you know the high volume node, right? Just to hear bottom of the range basically But this is you will note this um, this is something to really look at again and again and again like You know how we were looking for well, we were looking for just the move up into these levels here, right 31 and 30 3 which was basically it it was the liquidity was truly at 32 and 3 quarters and that did transact We were looking for those moves only for now Okay, now it's still even in your candlestick in here It's still made a lower high in here And these guys are kind of on the hook here All of this all of this buying here above our our line here at 27 and a half 28 That we we put in here early on in the webinar And you know due to the the data and what was Transacting around the data release So here's what happened at 30 Okay, well, basically It's still in play looking for the the kind of um The move higher in here But this is where the sellers came in and they're moving it away quickly, right? And they trade it back down into this level kind of where it broke out from the bottom of these ranges in here And we're just looking for that move back down to 25 Right the high volume node around here 20 25 Now and we got that that that was pretty easy. I think for the sellers to to to take care of But look at the selling pressure continue Okay, you'll see this so many times. This is the the kind of false move And then this here due to all that buying in here looking for the reversal They are getting stopped out on the way down So it's not a flip of the order book The the order book flip is a very different thing. It's This isn't really a good example either, but they're on the bid down here and they flipped the offer side and you know, basically Dissuade any buyers from coming in here whatsoever to try to trade it back into these areas Okay, so that's that's what an order book flip will do And in essence, that's what this did here. We were looking for that move into 15 as well Okay, now I'm missing the move back Um, because what what happened? Well, these guys pulled their liquidity. We're at the bottom of the range We're not getting more selling. We're getting buyers coming in And they just very successfully moved it right back to our high volume node again All right, and let's see. Let's see Okay, if they can even bring it up higher here not just 27 but back to 30 Okay, it looks looks pretty good. Look at them on see now look at them on the they're on the offer here Now they're on the bid here So, you know really choppy environment in here, but you know, we're reading the order flow correctly uh, and just looking for these smaller moves to kind of First unfold and going through our scenarios in here what this look like All right, this this guys is just make some sense here instead of like, um Having to memorize some candlestick pattern and then not knowing if it's going to work or not You can just read the the transactions in the limit order book within the candle You can still trade your candles the way that you usually trade them However, you're going to get so much more insight to Seeing what's really between the candles here In the order book and in the volume Okay, so this move to the downside here. We're not we're not looking at at buying down here We're looking for this move to trade down into 20 which happened very quickly But then we're looking for the next move because of the order book and the heavy selling we're looking for 15 And we got that I mean, you know, it's not bad. Right. It's not bad. That's so that's a 10 point move from 25 to 15 Uh, and then we saw some of these other moves in here, too so the most important thing that that um That I find when reading the order flow is remain objective and and and use common sense In reading the auction going through those scenarios when you go through the scenarios Uh of what might unfold then you're prepared for it when it starts to unfold All right, what it might look like And just go through the same process we're going through in here Okay, so you can add this to any straight any trading strategy whatsoever The more objective I find Uh that I can be reading the order flow the more likely that move will unfold Or not unfold and if I'm not looking for for it to unfold Right. So if we don't see an edge, hey, we don't see an edge. That's that Or sometimes the last Yesterday we saw many times where it's like, well, I don't really quite see an edge At that time It may you know, we'll still give a reading and give some insight where we think it will go You know due to the the scenario, but uh, how many times would we see it like like right now for example? Well, yeah, it should go lower, you know, we're finding sellers try to trade it down into here and they're pulling So 18 would be the next level, but it's The the offer here It's not actually that bad, but a lot of times it was really dark in here Okay, so what does that mean is it's it's very similar to When it was really dark in here for this data in here, it's very easy for price to slip up into these areas okay, so you know that's when uh We don't have the the greatest read now. This is actually looking pretty good to see them They are on the offer here. So we are still looking for this 18 Okay, so we're getting some insight here from the order book Okay, and they're they're actually taking it right back down to 15 And now see how it's a little darker in here now. So watch this Okay, if we can get buyers back up here at 18, they should be able to make it back to 20 Okay, so you look at the the reaction to this liquidity at 16 and a half. We found buyers Okay, and we got a quick move back up. We didn't come up to 20, but we we came up to 19 Okay, now sellers look like they want this liquidity here So they'll likely trade it and then trade through it down to 15 And there we go Okay so I know these are quick moves, but guys it's just reading the order flow like the reaction to this was buyers And then it just kind of pooped out up here Uh, we came back down looks like they want this they did and then if they do want it They should be able to trade it a little bit lower Okay, and it's still going lower here Okay down to 14 Okay, it should be able to hit 13 There we go. There's 13 Okay, now Well, let's see if we might get some buying interest in here. I don't see them quite yet Uh, and we'd be looking for them right around here at 14 and three quarters And then they can move it back to maybe this uh 18 level here And now see see how we may not get that in here because look at the look at the offer You know, it's not that dark, right? We see them pressing down a little bit in here Okay, that's why we want to see them pull here on the offer add on the bid and we want that reaction by the aggressors to be more buying Anyway, the candle here. Let's just read it. Yeah, we're down below these areas and uh, yep, still looking for it to go lower basically Uh, oh seven And then maybe the figure 4000 All right, the candle is uh as moving back down into these swings here. Oh five looks really good as well All right, we're finally getting a trending move here Uh, paresh. So the dome is it's um a separate product or there's a dome also here in the in the columns if you want So you can you can get both um The dome in the columns is is really powerful as well Uh, jay, you have the global plan. Uh Do you need to play extra for stops in icebergs? You can get you can you don't need global plan is fine To get stops in icebergs with the global Is let me show you So go to go to bookmap.com Okay, and then go to the more button here Uh, you know, this is kind of the walkthrough here features connectivity pricing education Crypto the more button though, there's all sorts of stuff in here. Okay, so knowledge base for example um Our discord chat room our forum, you know a lot of good stuff in here. Um But let's go to the bookmap marketplace here Okay, and we'll click on that and we'll go to the marketplace This is the bookmap marketplace in here. Uh, and then uh, you should see, um stops and icebergs Okay, you can just do a search for it or mbo bundle We'll just do a search for mbo. Here it is mbo bundle All right, you can see it's 134 a month. This is an add-on that we created This marketplace here is for anybody's creations Uh using our bookmap api So if you're a programmer in java or python now, you can create an add-on and sell it in here if you like Uh or create it for yourself and don't sell it in here Um and uh, so we created this one in here For our our global and global plus. So let's click on it You can read about it in here And uh and more about it in here Okay That's where you'll find it All right. Now what you will need to have is a couple things One is you need to have rhythmic data Okay, so that's you cannot avoid that and you have to be trading cme group futures So um that you cannot avoid either All right, so those two requirements are necessary the about the um Um Global or global plus does not matter um, so Let's see First what we're talking about here on uh stops in icebergs in the sub chart This is iceberg buying in here. So it's trading its price is going down But into Someone on the other side kind of like a they're kind of like a limit order Uh Only the tip of the iceberg is in the order book and and fills Uh, but then it immediately shoots to the you know to the order book the next tip of the iceberg Uh until it's all filled okay or canceled All right, so uh, yeah, there's some iceberg buying in here right in here Okay, so I hope that answers your question okay, and Other questions in here All right guys, you can see it. This is uh kind of kind of rejected down here, right? Is it enough to trade back into the mean here back to 25 to 28 or even even 35 up here I don't see it yet Yeah, okay, paresh you're asking for the link to the the webinar on the dome. Sure. Uh, all right, so go here uh book map on youtube Uh scroll down you'll see it right here under features and components playlist click here view full playlist Okay, and it's the one on top now. This is the overview here Uh of the dome There's we did a 60 minute, um Or you know a long video uh on on it as well So let me see Whoops That's not what I wanted hold on Yeah, here it is way down here Okay, so at the very bottom scroll down all the way to the bottom and you'll see the dome here Okay, it's an hour and 40 minutes All right, so yeah, I'm just going to give you the link here to the uh overall Uh playlist okay and go to that playlist and you'll find it in there No, uh paresh there's not there's just a free version of book map. There is no um trial We did trials in the past. It's such a headache. It really is the free version is great Uh, you have uh delayed data for stocks and futures and crypto is free for one Uh crypto market And that data is free so the and that's live So That's great. It gives you an excellent overview of what book map is all about the next step to take it further Is try it for a month get some data and see if you like it Very very simple and straightforward. I mean there's all sorts of you just wouldn't believe the the What a headache it was with that trial period um And people gaming the system and like oh god Yeah, is that all they got Captain price this is this is a good point. We are super super feature rich guys We have all sorts of things and we have more coming out as well I mean just this weekly You know have something coming out. Uh, you'll find out more about it. It's a really really powerful product Okay, and that'll be part of global plus Okay, that's one of the add-ons you'll get with global plus So you're looking at a flip at 22 Yeah, yeah, kind of like yeah, and they traded here looks like right they traded into that high liquidity Okay, so the it's always the question about like do we still find more buying or more selling? Okay, like they absorb that these sellers up here And that there was still more buying pressure. All right, but now we're starting to find some some sellers Welcome, uh, Barcelona Ishmael You like that just pooped out. Yeah Peter I've been using peter, uh, so But we'd we'd move on from p to give peter a rest Uh, Stefan you want to look at my stops in icebergs setups? Sure Okay, let me show you that right now um The on chart or the sub chart here. Let's just show that first Very very simple. I like this setting very much works great for me. It does not work great for scott. He doesn't like it Hey, I like the summation. It's like cumulative volume delta and just note that none of the the vertical axes here are aligned Okay, and I like that so I know that they're not the same here Uh, but I do get the graphical representation here That this is a pretty big accumulation of of iceberg orders in here and I know that I also know this is a pretty big stop run here Right, so I get that kind of context down here By looking at this view scott likes to see the spikes. He's just looking for the big big spike And then he wants to zoom into it Uh, I like to I like looking at the context, um between these two lines in here to give me some insight All right, and then the on chart Very powerful, um Pretty pretty amazing the details that this on chart indicator shows is pretty amazing um I I find it amazing that you can um See this kind you have this kind of transparency in the market So while you use the automatic threshold here for icebergs 148 or greater So we're going to see just discrepancies between these these two is sub chart and on chart because I'm making a filter here Okay, so just so you know that Yeah, here here were those uh Other icebergs in here. So they were executed Uh for 748 down here, and that's this this line in here So pretty big Uh, we're not missing anything right now. It's just back and forth in here And in a pretty tight range So we'll continue on with the questions Okay, Stefan did any more questions on that? on the settings I I I really like that. I think it's very intelligent what the developers did with that automatic automatic threshold setting. I like it Chris no comment We might I'm not sure. Um Let's see adam, um Would you like to make some modification on the add-ons any chance? Ah, okay The open source no, I don't think so. Um I think you yeah, I think the api is closed on on the dome on the dome pro Uh, however, if you want it if if you're looking for making add-ons like for example, um You know you you wanted to make uh, um some trading strategies Uh, then that's that's very simple. You can do that. You've been able to do that for years. Uh in book map All right, guys. I'm gonna caught up there in youtube. Let's see if there's anything over in discord Yeah, yeah, chris chris. That's really good. Um analysis. I would agree Um in discord, you're talking about a trend up strategy in a consolidation period right now Um, yeah, absolutely So, I mean it's still kind of a bigger move to the upside And that might start to unfold right now Hey, we're just seeing a move back up Um, so let's let's take a look here now. What do we have? All right, and let's take a look at the market structure in here Okay, well, we have back to this 25 level which was that that node in here that we saw which I think it's not the the point of control any longer Well, we have a point of control indicator so we can show that Yeah, it actually still is Okay, so it kind of went up here and went back down here Uh, all right, let's zoom out a little bit more Yeah, I mean this could be like a just some massive bull flag. In fact, um You know, it's it's tested these lower levels in here after the after the data I didn't really know what to make of the data this morning. Someone was talking about, uh, fundamentals yesterday and You know, they're it Because they're less, uh Less purchasing right now, um, you know, does that mean that uh I don't really know what that means. I mean, uh, that'll that'll mean like a basically, uh You know, it's the feds plan is working Uh, but people seem to think that, uh Right now I mean with this move to the upside That, uh, you know, that they've they've they're done Uh tightening, uh, and I don't know about that I don't think they know about that. Um But you know, the data is not bad and and like this dollar strength is Is an inflation. I mean like, uh You know, it's it's odd to see the euro, uh Below parity there Okay, and the pound just getting getting pounded. Um, all right. So anyway, yeah market structure wise. Yeah I would agree with this chris. Uh, but let's take a step further and look at the bigger picture here I mean guys, we're still getting these like crazy mean reversion trades back and forth in here outside edges being bought up or sold Uh, and uh, let's take a look at our candlestick chart. Okay guys, this is the same process Exactly the same process we're doing in here on this analysis as we are doing in here When we're reading microstructure Okay, and understanding that this is exhaustion here looking for selling to come in and drive it lower But where did it drive it down to? Down into where these buyers came in That's where we found buyers and they traded back up into here If we get enough buying in here and there's a flip of the order book there Which we won't see on the candlestick chart, but then it should go higher, right? Um, if we get more buyers up here Uh, so I mean it is really the same analysis in here We're understanding this as like, you know, like a double bottom in here or whatever And then buying pressure. All right, so let's take that to over to here Uh, and look at the daily chart here on the uh look by period of a month um On the daily chart. Wow. Okay. Well quite a few wicks up here or one big wick up here All right, so well that's some selling pressure or some profit taking up there All right, and uh, well, we're back down into right into the this this uh range here um Well that right at right at 15 or right where this top of this wick is so You know, although the data was the move to the upside um looking at this in here like this gives us a different picture chris, so uh, you know Uh, let let let's let's move from that because the the daily is not telling us too much Except that we know this is all bullish in here a string of days All bullish all of it all the way back down into here, uh, which is back on the um Oh, this is a four hour. Sorry about that Because the daily bars weren't working yesterday. There we go. Here's our daily bars Okay Yeah, so back here on november 9th But you could you can even go all the way back to here where this move started. Okay, so that would be october 13th Okay, strong move pull back strong move. Maybe it comes up into here You know 41 50 Up into this wick up here All right. Now the hourly here is in the middle and yeah, it's just back and forth Uh, that uh, well, I'm sorry pull back And then a move back up Uh, so this is bullish in here And uh, what about our 15 minute chart here? Here's where we opened Cash open and it's just kind of dribbled off to the downside here Okay, but it opened up high it gapped in fact and then it filled the gap Not seeing much here on the 15 to be honest Um, not much at all Okay, so not yeah Don't so that 15 minute chart's not telling us too much that hourly chart wasn't telling us too much Yeah, dawn that this is hello. Um, this is one of the um Advantages of of the bookmap desktop version Okay, we we've developed it quite a bit further than the thinkorswim version Uh, so we have all sorts of uh add-ons That are are really really nice It stops in icebergs being one of the most important ones If you want that then you'll have to get the the bookmap A desktop version Johan, how do you confirm to enter a trade? What do you look? What do you wait to see in bookmap to confirm many things? Okay, but uh, you know, we're looking for Um, some sort of edge in here in the order flow Uh, and usually is a combination or a context of strong volume and strong order book Right and a lot of times it just hits us over the head Uh, and uh, it it's just you know, the participants are telling us in here Uh, where price might go Okay, so right now boy, I just don't see much of all of anything in here. There's buyers buyers sellers buyers Trying to buy again come up to 20 25 point of control Anyway, we went through the process Johan on on many of these um in many of these examples Uh, and then you know, how how can you look to get in? Well, there's There's so many different ways to trade That's that's one of the reasons why You know, I'll be happy to go through um You know how how I trade or how I look at it or many different ways of looking at it Uh, it's not a trade recommendation room so You know and what you're going to take away from this and learn from These webinars is a lot more than just like, you know buying or selling Once you understand the order flow and you start to look for some of these things in the order flow That's when you can look for the the move to unfold to the areas you think Uh, so we were looking for something strong in here. Like I said strong Well in here here, we had strong book on the offer strong selling Uh, we're looking for a move into 15 Okay, and we kind of kind of got in there a little bit late. Uh, we uh, we're up here and then and then I think I kind of Answered a question or something and and Uh, this the setup is this one The move back down from the sellers back down to point of control and through it Uh, and actually pointing control is still up here Okay, well anyway this high volume node here at 25 We see this move so many times if you do not see any sort of like on the on the bid here, uh activity Or you don't see a slowdown of sellers. They're going to press right on through The bottom into high liquidity on the bid Which is exactly what it did and then you see again in here strong selling And then strong offer here Not enough buyers to even tangle with it looking for the move into 15 Okay, how would you get involved? many different ways I would have probably gotten in with a market sell in here Uh looking to take some off maybe down here at 20 Uh, and then definitely a target at at 15 Right, especially with this strong offer in here That was our target And we don't know it could have you know might have been kicking myself like many times This was my target. I'm just looking for this liquidity here. It may have come down to 4000 at that time though All right. Well, it didn't Okay, uh, it came back down into about this 10 or nine but um And then it's just been chopping around ever since we saw some other moves in here. We saw this one I think to the upside Okay, again two point of control and through it. So we're looking for the other side of the range Which was it was this 30 level in here Okay, so what we were looking for that All right, and and we go through the scenarios in here what to look for what would it be like because we know that they're We're looking for this kind of mean reversion trade Right, so you'd be looking for your buyers in here. I would have probably been in somewhere around here or here Um, it's a small move but takes them off at 25 and that they pushed it through the point of control Same move same same setup basically So we're looking for 30 other side of the range, which was 28. I think And then 30 so there's two setups there Okay, the that I recall there were some other little little trades and or trade ideas Uh as well All right candlestick guys, what do you see here? All right, if now I would I would marry here like you know your um Together, uh the large selling dots here together with this structure Could not make a higher high looking for sellers in here Hey to trade into and through 15 and maybe on down to 10 and maybe um lower Right now, what do we have here? So now this is where that's what I'm looking for but I don't like it right to answer, um The question uh for with don I think was no yohan Um, here's why we talked about this earlier. Well, how strong is this offer in here? It's not so strong. It's pretty dark in here So this can just go back and forth in here between 25 or 23 and and and 15 Right, so is that is it higher probability due to the order flow in here? No, it is not higher probability So we're not necessarily we're taking that one off the table Okay now look at our candlestick now. Well, aren't we glad we we saw that and noticed that in the order flow Okay, that that would have gotten you in the hook here on the sell side Right And now it looks like it's going to pan out actually but we'll see we'll see maybe it won't Right. I still I just don't like it. Uh, stay away from it because we're not skiing but we're seeing Participants in this auction here What's in between the candle and what's happening in the current market? Uh, is uh, it's not so clear What their position is So we stay away Okay, that's the few different ideas for you. Oh, you're welcome Uh, let's see When book map has new add-ons that come with book map Yeah, you will need to go and update them yourself the add-ons Uh, bri and and where to go is uh, you you'll probably be, um, alerted But uh, go to the book map marketplace. Um, I'm sorry Go to the knowledge base. You you will be alerted in in an email As well all right about it. Um, so, um There it'll be on social media. It'll be here in discord and everything So you'll you'll get the message. Um Anyway, you can also go to the knowledge base here under the more button And go to the add-ons section in here and then here are all the add-ons when there are updates in the add-ons Just, you know, come in here Uh, read the installation here click on that and then you'll find the uh, the add-on the direct link here Uh, to the add-on Okay, click on that and you'll see it downloads right here Hey for stops and icebergs All right Good question Guys, look at this, right? So this is a total failure of that candle pattern In here Getting people to you know, and that look at how that candle kind of closed in here Uh, it it went down below it, but um Look at the buying coming in right? We didn't like it in here kind of and we missed it We missed the move here. Um Well, let's let's go and look at it in retrospect here Um, so we didn't like it likely I I thought likely we'd still trade through it down to kind of uh, oh eight down here Okay, because there's a little bit more selling in here. Uh, the structure is still negative Uh, now what ended up happening strong buying come comes in and disrupts the whole thing Uh, and then they come back up to the top of the range here Uh, and uh through our 25 level And almost to 30 Basically to well to 29 Yeah, I probably would have missed this one too to be honest. Um, here's why Again strong buying that's great. Well, you know, maybe maybe to write it up to 25 or so maybe Uh, but just because of the strong buying And they are pulling they pulled here at this area here and they did add a little bit on the on the bid in here As you can see Okay, so that that's not actually bad in here All right, uh, and then looking for that move up into you know, this liquidity here may maybe 25 Um, you can see what it did it came to this liquidity here at 29 Okay, and they're they're filled so now we're looking for 30 And there's 30. Let's see if we can still get more buying here. This is strong So now what does the bid look like? It's not bad So let's get to 32 and maybe 34 and 35 here Now let's zoom out Okay, um Now let's zoom out to look at some of our levels in here. This is where we dropped from here Okay, so actually this is this kind of Gives us a little different picture Okay, still strong buying So This is where it failed though and this is where sellers have been in control for this whole time Right, but uh, yeah, I'm actually looking to see if we get more buying and still and trade higher here I like 34 above the swings up here This is their chance. Okay, so let's read it in here Yeah, they're on the bid here. That's good Okay, we're up pretty high though So, you know, we're gonna find our sellers trade it back down to 25 here Okay, Daniel. Yeah Yeah, so you you had a stop hit because of Some of the liquidity it looks like I'll give give book map a try. See if uh, see if you can All right guys. Well, let's uh We went through a lot of different things in here. We went through some candles Reading the order flow. We're looking at in a pretty choppy environment in here Um, uh, we're looking for some specific moves to hit some some areas of liquidity Uh, and then at that point, we're just kind of reassess Answered a lot of questions good questions in here the We talked about the data release here And some fundamentals as well It's been a very choppy session, but some good moves as well um typically the choppy sessions like You know, like yesterday a lot of them we kind of stayed away from Uh, and some of these you we you know, we're looking for the move to unfold. Uh, so Uh, so yeah, our european close here x caliber and Yeah, not not really sure what I think of it Uh, right now, um, I kind of like this idea of the move to 30 But you can see the mean reversion guys are back in here already moving it back to 25 I might bounce off a 25 look for that and then back up into the top tops of these wicks up in here Okay, or candles All right, so uh, guys if you like this, please give us a like Uh, show some love for the education here come to our discord channel um Tom b is up next uh go over you can go over and watch his webinar It's on discord as well as here on youtube So, uh, you should be redirected right over to it. We've got options with dug at 130 p.m And uh, and then algo boys at 230 p.m to the close Uh, very different traders very different insights All three of them lots of stuff going on in here guys Uh, great community. So, um, yeah, I If you're still intrigued, um, then jump over to our discord and go check it out Uh, there's there's a lot of stuff going on over there All right, and that you can probably get a lot of questions answered Answered there. All right guys. Yeah, thanks for coming everybody and, uh, We will catch up tomorrow with j trader and go through some live trading with him on stocks Thanks