 Good morning traders, and let me get started here. All right So welcome to the book map webinar. This is Bruce at book map. All right so welcome and For the next hour, maybe hour and a half. We'll go through real-time analysis forward-looking. This is what we do here and the whole goal here is to understand order flow around all of these specific levels for it can be for stocks futures or cryptocurrencies We have several streamers tomorrow. We'll have j-trader for stocks on Thursday. We'll have Scott Pulsini for futures immediately after this webinar will have Tom be a volume profile trader And then after him there's Doug with options later on in the day And then the algo boys after that which they are only in our discord channel So we have quite a quite a full book here, and we have more that we're adding so some great stuff And pretty exciting over here to to offer all of these services The goal here is that this webinar especially is To create a foundation for you So that you can learn order flow and what book map is showing you so that you can apply it on many different Methodologies of trading so that You can see it in real-time, etc. Now the We have an educational course and this webinar is based off of that educational course so it's down here if you scroll down a bit under bonus materials and And click on view the full playlist. This is our educational course Parts one through four each part is about an hour long If you haven't seen it, please watch at least part one That will educate you on these markets, and it is essential to understand really what moves the market we're talking about market mechanics here and being able to Really understand just the most binary move in the market and then how this unfolds how these markets actually trade. I'm always Amazed to find that a lot of veteran traders Don't have this kind of education. They've never Had to they've been trading on maybe higher time frames and Looking at their their patterns and then Then they come to book map and they're like wow, that's a whole new world And they optimize their trading strategy in book map and are able to really really knock it out of the park So anyway, let's get into the disclosures and jump right into the market So 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 and We can look at stocks futures or cryptocurrencies. It's really up to the majority of people What what do you guys want to look at? So thanks, Rob? Thanks, Tony. Good morning. Good morning guys And it's up to you. So most people want to look at the S&P E-mini futures And that's fine. It gives a good overview of the stock indexes, of course and Yeah, that's a good place to start at least for sure but these markets are all correlated and You know looking at some other instruments can be very very insightful as well All right, so Let's take a look here and see what's happening and let me get to my Twitter, I'm sorry There we go all markets. Okay. Good morning. Good morning slowdown all right, so Yeah, in fact Got some good feedback from slowdown guys if you have some sort of feedback on what you're looking for out of these webinars We kind of ended yesterday on that question And some really good feedback here. So I really appreciate that And looking at who's in control in these markets like who's in control of this market right now Anyone care to Answer that Okay, it's it's it's not a trick question or anything, but who's in control of this market right now all right and and why and then we'll move on into understanding how that control starts to shift and and Change and morph and then we'll also look at and really zoom in and look at the same Elements on a very small time frame like this right here So we're looking at you know, I don't know a few minutes of data in here But these these sort of same elements here In the order flow repeat again and again look at it trade up into high liquidity here And look at it pull back now Okay, so the transactions took place up here in the market pulled back Okay, it found some sellers. I found buyers up here. It found some sellers now Look at that lack of selling right there finding a few buyers here Okay, a double bottom test here Okay, and it found some sellers. Okay, so sellers were are able now to bring it down to the bottom of this range here So let's just take a quick look at this And our seller is going to be able to take this further Hey back down to this liquidity or this liquidity here at 35 and a quarter All right, well we can look at the clues here in the order book look at this high liquidity coming in here at 37 and a half What's the reaction to it? Okay, do we get sellers right here right now? No not yet if we do I'm looking for the sellers to drop it down into this 35 Yeah, that looks like the most natural thing here It is the relationship in context between this high liquidity in here 267 contracts and That we found some sellers There didn't want to trade with this Okay, that we started to drop now this guy pulled that liquidity. It is dynamic And We want to read it though and understand are there still sellers in here willing to try to transact With these guys down here at 35 and a quarter and 35 and that seems to be the case Therefore, we're still we were looking for this to continue on lower case as simple as that This is not rocket science. It's the context of these players and the orders here And there's our move into 35. Alright, so now let's zoom out again Let's take a look found some sellers down at the bottom of this range here Okay, I would anticipate some profit taking in some buyers to take it right back up. I Can't speak fast enough here up just about to Typically we look for the move up to about here Where the sellers dropped it, but I think we can probably get back up to about here at 36 and a half or so and If we get enough buyers Okay, which we don't see right now, then we're gonna see maybe back to the top of the range here 37 and a half 38 maybe 39 or 40 All right again looking at this context in here and understanding the dynamics in here right now we zoom out a little bit and look at This move unfolded and we were looking for this move to unfold But look at, you know, how small and and how we can miss these elements in here Like this high liquidity that came in here like this All right, and then understanding that there were more sellers starting to come in Okay, so anyway, let's get back to that original question. Good morning, Jack and Let's see here Yeah, Rob. I'm with you on that. It's more sellers here. Absolutely, but it's closed It's really close In fact, how do we determine that? Okay, well, we're looking at and we're gonna take a big step back here and We're gonna kind of so we saw this move down lower here. Okay, that's great but let's let's stop on the Looking for these moves to unfold for a moment here and just look at the structure in the bigger bigger picture So the structure in this will look at the open here 930 cash open here. Look at the selling that came in It's it's heavy and it's hard. The buyers came right back though and Look at the size of the dots in here. This is what we really want to determine Okay, now I'm gonna open up CVD as well and we're gonna also look at the imbalance indicators up here Okay, now this these imbalance indicators are part of the global plus version We don't go over them too often But we will today and I'm gonna take stops and icebergs off for a moment and we're just gonna look at CVD Okay stops and icebergs is a fan fantastic indicator. It's my favorite and But we want to That gets into more details in here not just the order flow, but the order types that are transacting Okay, so what do we see here? All right So at this cash open what we said strong move into down into this liquidity here This is typical Very very typical. Look on the other side here, too. Look at these. Look at this strong offer At lower levels here Okay, it pushed push the market into this liquidity that was there already pre-market And these these traders are already here. In fact, they even added more or somebody added more here at 35 and a half All right, so and that traded into that high liquidity here. This is what is significant This is what we want to understand here All right now We see that move unfold All right. Now we're looking at well, you know sellers certainly in control here Okay, certainly moving that market lower like this Okay, more selling look at the bars look at the size and color of the dots Okay, now there's actually quite a bit of buying in here though, too Okay, you just look at the bars and look at the dots, you know, this is it's all referential here that we want to look at there's a graphical representation of the volume and You can get the exact numbers if you want with the tool tip and hover over these these dots And you can see the volume of like 181 or this one up here 108 Etc. Right. It's there the data is here We're just making it easier to read so you don't have to read all the numbers and what is Important is the relative volume the relativity of this volume compared to that selling Right and as Rob mentioned it's sellers in control, but barely here There's a lot of buying that just came in. All right so now if buying can come in here and Tear up into this liquidity here Okay, and these guys are actually pulling their liquidity and they do not want to trade and we can see that we see see how look at the Transactions here we would anticipate there to be a big green dot if these guys stayed into the book Okay, they didn't stay here either. They pulled that liquidity away Actually, they're on the bid here. Look at the sell dot into high liquidity on the bid Okay, so they're they absorb that Not technically absorption would not be able to trade through that area and it did trade through by one tick here That's how we define absorption But more or less it's it's rather absorbed here and they bid at a higher level here So do we see sellers down here? Not really. Do we see buyers up here in this area here? Yes, so we're looking for it to continue on up into other areas of liquidity All right, same analysis as we did earlier here. Okay, so now we're seeing These buyers come in And they're lifting it the first area that I would look for would be where these sellers dropped it Okay, which would be here and there's little area other areas in here, too But like let's just look at the bigger picture This one looks really good to me and also here at the cash open right here where they dropped it Okay, and that's where it came back up and retested was up here. All right, so And then and then we came right back down now. This is again. Where where did it retest? Okay, it came see where the buyers came in here Okay, like you know pretty pretty strong pretty strong buying this area, too I like very much here and that's where it kind of first went and then just dip one more lower into this Area of liquidity as well as this is where those buyers came in So they're bidding up at these areas here funny enough though. We do we did find buyers, but just not enough Okay, again sellers they pull liquidity sellers trade it through and make a new low here. Okay now Interestingly enough, I bet there's got to be an iceberg in here We'll turn it on in just a minute, but look at that heavy selling and they could not make it go lower Right, so let's just turn on the icebergs for a moment Okay, and funny enough. There's there's not I don't see any icebergs there. All right. Well The we see stops though and we see stop runs here, you know kind of nice one here and in here And then buyers come in again Above that where those stops Stopped out here and then here they are come streaming in Okay, so we'd look for the move back up into that liquidity up here again So now we can go we're not going to go through the whole thing here But the big picture here is the sellers took control here buyers came right back Sellers took it down again and made new lows buyers came right back But they didn't make a higher high. They did not even make an equal high Okay, so sellers remain in control here All right, and that's why the the slant of this here is shallow Okay, of the trend It's not a steep trending market here Okay, and that is significant. It tells us something Okay, that there's there's both buyers and sellers kind of battling out out in here However, we still know that it is mostly Mostly selling now we can see again I'm sorry, I did not have the stops on let's turn the stops on we see some stop runs we see these Icebergs in here a lot of iceberg buying here and they're stepping up all the way through here and we're getting buyers So based off of that I would look for a move back to the top of the range here Okay, because I see larger players. You see smaller players getting stopped out here I see larger players absorbing or getting involved here I would look for them to try to take it up to here Okay, 38 and a half maybe 40 Okay, that means it would have to break the trend line here All right, but Yeah, if we I'm just I'm looking for more and more buyers here. That's again the relationship We're looking for the context And let's see if it holds this little trend line And if we get the buyers back up at 37 and a half we look for the pop up into 40 Okay, 38 38 and a half and then 40 All right, just based off of What we're seeing in here, okay stops and then iceberg Starting to absorb some It's not a whole lot of icebergs, but there's some Okay The most important thing is the order flow icebergs and stops are are definitely secondary All right, so if we're going to look for this we got to have buyers up here Around this 37 area Okay, and you can see they're not here right now. They're not showing up. In fact, we're getting sellers All right, so we got to get buyers up here Then this is looking pretty good for being stronger to test higher All right Okay, um, so uh that answers the question here Uh, we're we're looking for it answers two questions sellers still remain in control But we're starting to note maybe a shift and a morphin here stop run followed by absorption Or uh icebergs and then they're trading at this high liquidity and they are getting filled here We just don't see the aggressive buyers yet Okay, the big green dots we see big red dots. We want to see big green dots here Right here 37 36 and a half 37 Okay, then we can pop up into uh our 38 and a half in our 40 All right so Anyway, that that's by understanding these uh these moves in here There's something else to look at in these moves And then we're going to we're going to step back and look at the bigger picture, which we haven't done yet Okay in our candlestick chart And we're going to use the same analysis in here But uh what we're looking at um or what I want to mention is here. We know the sellers are in control still Uh, let's also add a little bit of Context here CVD obviously still in control. I mean we see that uh lower lows lower It's following. Uh, this made a slightly uh lower low here Okay, but a pretty pretty big low here on on CVD So um, uh, and we know what that is though. Those are stops Okay, we knew that uh, so Here come our big buyers right just like we were looking for Okay, so we're looking for the move up into our 38 and a half Uh as the first stop or target and then maybe 40 here Okay, so it's just made it to the top of the range here. We're we still need big buyers here. No doubt And we're going to adjust this a little bit okay The other thing that I was just mentioning is the speed of moves. Uh, we want to be very um attentive of uh The speed of these moves too like we want to see big buying or big selling and then also like this slant of the move Uh, you know, like a strong move like like this here is starting to do it So I am looking for these buyers to take it further. Okay up into 40 We're just 38 and a half. We're almost there. That was our first first area Okay, so we can see them picking up momentum here right And looking for them to try to just really swing it high higher and see some stops here Okay, so we do have a bit of divergence negative divergence in here that Still, you know, I actually like negative divergence in cvd. I'm not much of a cvd trader, but Uh, I think we can see it better in the dots and in in the context of the liquidity here But here's here's the idea Is the um Oh hold on Okay, is here's here's our swing here, right, but look at the swing here Okay in cvd. It's steeper, right It's steeper. This is this has gone too far Uh in cvd and we know what it is it stops Down here and that's that trading and we can also understand that these stops down here Um, is it people getting stopped out of the market? Well, then maybe that's it, you know This is not new selling in here Uh, and uh, and maybe we're instead getting new buyers in here and we we are Because we know we're just looking at our icebergs and we can see that in here, too All right, so, uh, there we go All right, so, uh, anyway Still looking for 40, uh as the first target Okay, so, uh, and then uh take some off up at 40, uh, and then we'll see after that Okay move the move your stops Um, and uh, again not not trade recommendations, but just things to consider here Okay, if 38 if you're looking at this swing, you're a more aggressive trader then this is the place to take some off here All right, if you're a longer-term trader god, who knows? Um, uh, maybe you're looking for a move back up into highs of the day here or maybe even higher Okay, so anyway, I wanted to answer two questions in here. Who's in control and where we're starting to see that shift in control Any questions on that? So you guys let me know uh, and uh, happy to uh, good morning jack um, uh Just seeing that over here in Uh in discord, um, so, uh, yeah, just uh I wanted to cover those two elements, uh, and then a little bit of that microstructure But let's take a look at our bigger picture. Okay, so here's here's our bigger picture um, and uh, we have a daily chart on the On the right an hourly in the middle here and our 15 minute on the uh on the right Okay, now we talked about this yesterday on the on the hourly in the 15 minute that uh During the webinar we were looking for this move. It was right around this point here And we're looking for the move up into this area around 20 or so. I think 18 to 20 somewhere around in here uh, and um That would be the first area and uh, and then if they can do that if traders if there's enough buyers in here Well, then we would be looking for them to come up to this area here. We talked about it 22 to 25 something like that Uh, well, you know after the webinar ended We saw a pretty sharp move to the downside here Okay, or just as the I think the webinar was uh ending something something like that. We see the pretty sharp move down here Okay into where these buyers came in initially And we see a pretty strong move out and then if you You'll see this again and again even on your candlesticks The retest look for the strength of the buyers in these areas here Okay, so like right now let's look for the strength of our buyers in here Because you see the swing up here. Let's just make this a little bit bigger Um And we can look at for the day I think yeah, okay, so here Uh Yeah, so we see see the sell-offs in here Okay, now we're looking for the strength of the buyers up here see the wick here and we're above it Now we've tested a few times here And this candlestick just not painting correctly. Um But we're we are up here now if we see strong buying Then I'm looking for them to continue Taking this higher. Okay up to uh our 42 level maybe All right, so let's take a look Okay, and that would be highs of the day up here 42 and a half or so There's our move to 40 guys All right, so again again, it's not trade recommendation But uh, you know On moves like this, you know, there's liquidity in here and we don't know where price is going to go But we look for the exchange of hands between buyers and sellers and there's sellers here We know that So we take some off or you can consider I shouldn't say that you can consider taking some off up here Uh and uh and trying to get a runner now Okay, and if you see even more buying coming in here hand over fist Well, you know, you can even consider adding back in as a separate trade Okay, a different order flow event a different trade Right, and you would manage it differently as well. That's something scott pulsini does It's a great trick And to manage your trades and to add into trades as well But to manage your risk along the way. Okay. Now look at this. We got buyers. They're pulling where they're on the bid here It's looking good That it should go higher All right, so now now they pulled right now they pulled that liquidity in here that block of liquidity in here All right, so we don't know now uh, so uh If we if we can come back up here and get more buyers Great in and they're pulling great. We're looking for the move higher All right, uh, anyway, uh, so, uh, let's continue on with this. Um Higher time frame here. So yesterday, uh, we talked about this, uh, the potential move up into fill the gap in here And that's precisely what it did. I I didn't think I thought it would it may come up into these wicks Or at least the bottom of these wicks here It might not make it up into this kind of cluster of volume up here, but it would at least test up to around here Uh, and it just kept going And uh and filled the gap yesterday. So there's a lot of buying in here All right, so and and today too. I mean, uh, this is a continuation move We see the sellers initially here the buying just came right back in All right, so our daily chart was our daily look like well our daily is a little more complex This is a really strong move here Okay, and a lot of buying buying behind it Okay back up into the top of these wicks in this range up here And we would look for that we'd look for the most traded level in this little zone in here Uh, it was probably around 35 and we'd also look for this kind of 69 or 70 area up here Uh, and uh Now we're um, you see some more wicks in here. So let's just look at this daily if we can get Enough buyers again up here and a retest I'm looking for it to come up higher And and test again these areas up in here 41 55 Uh, 41 70 Okay, so it's all dependent on the buyers that we're looking for uh to try to move this market higher All right So let me see if there's any any questions on this And discord. No, I think we're good. Okay Yeah, let's let's take a look at that slightly in control Sellers and then we saw the shift and change in here uh, but um Again, I want to go over that And we didn't look at the imbalance indicator. So one of the ways to do this We looked at cbd and we knew that the negative divergence and really what it meant Uh, was that you know, we had a lot of stops in here, but we knew that we knew there's a lot of buying and Uh, if this is not new selling Then and we see new buying coming in we're looking for them to trade back up into these areas here Okay, so uh now look at the sellers come right back in and bring it right back down Okay, and again here You take some off Uh, maybe you moved your stop up to break even uh, and you would be stopped out of this now Okay, you gave it a shot. You're looking for this to uh to go higher It did uh, and then you reduce your risk Okay, you can even look for sellers to try to drive it back down into this uh, 33 area here Yep, and that's exactly what they're doing. Um Some selling pressure here Uh, anyway, what I wanted to look at was the imbalance indicators here. So Uh, let's um put that within the range. We'll use this zoom by drag tool And we'll take it from right here and then drag it over to We were talking about this point here I believe Okay, and that'll put it in the chart range in here And now we can look at this in here and we can look at our balance and balance indicators also our cvd Uh, our is there more buying or selling in here? Okay, there's a little bit. Look at this It's just negative 2 so very little. Uh, just a little more selling than buying. That's it Okay, and all of this in here Okay, cvd shows uh the move lower Uh, but the imbalance indicator takes all of this and makes the calculation and and spits it out as one number All right. Uh, for those of you using this tool here, you got to click back on it and now it's deselected Otherwise, you'll zoom endlessly Let's go through some more kind of uh scenarios in here what we're looking for around these edges This is an important edge for today right right here Uh around this 33 to 34 area seeing more sellers All right. Yeah, I'm looking for sellers try to drop it drop it through this area here. There they go Now looking for 30 still looking forward to go lower There's going to be a lot of stops in there We can take cvd off now. I think And look at our stops and icers. There's a big stop run there All right. So here here here it is again guys. All right So let's go through this if then scenario at our bottom edge here So this isn't this is really important. This is where this will help you on all time frames Okay, is to understand what's happening here Right just zooming in here because sellers are in control here. Okay. They took control here Here and then here. Okay. So kind of bigger picture. They're in control, right What we're interested in is them taking control in this area below the uh the swing And if we can if we get buyers back up above here Big bind Then these are the sellers that maybe they they sold the breakdown or they got stopped out and then we're looking for These buyers to try to lift it back up into first stop would be up here around 36 and then 38 Okay, where the other sellers I came in and took control. Okay, so And why we're looking for that Okay, we'll just kind of draw these up Is because that's where we'll find sellers Um defending these these areas here Okay, does that make sense? Okay, so you see see how these guys are already like they they didn't defend it We might get sellers in here, but they didn't defend it there. We see buyers above are 34 So we're looking for the next level to be tested up here Hey around this 36 And doesn't look like we're getting our buyers Okay, so um Yeah, the This is this is a little more difficult one here. Um, I believe here come the sellers They're they're gonna they're gonna try to drive it now down to our Our swing low and I think below here Um, this is a little more difficult here because we did get above Uh these sellers here, uh, so I'm still you know, I was looking for this move Back unto to these sellers in here. See if we uh, I see them Get tested here, uh haven't so far and We're just kind of going back and forth in here What we're looking for is who's taking it who's taking control above or below 34 Okay, right here. See how this turns into like a point of control Look at that. Look at the profile here in the in the CVP. Okay chart range volume profile All right, do we see our buyers up above here? Yeah. Yeah Some liquidity here though too Now they're pulling all right We get a little more buying looking for the move up into 35 and a half And then maybe we can get up into our well our 36 and then maybe we can get up to our 38 here One thing I don't like In this move is we we definitely want to see them pulling liquidity here, which they are We want to see them bidding up underneath here as well and the reaction to these bids in here what we're looking for is Buyers okay green dots Okay, else we can get some slop in this area in here between 35 and a quarter to this 33 and a quarter Guys another thing a lot of data coming out Um Later this week tomorrow Tomorrow through friday We have a cpi ppi and retail sales. Um, so the market's going to be um Moving around quite a bit in the next few days I don't know if we're going to get much of a move today. That's we don't know that either We're going to read the order flow though regardless Okay, but uh, you know just to keep that in mind about your um Your fundamentals because we know that The biggest driver of the market, uh, well it is traders. It's orders. Uh, and that's what drives the market uh, and uh The um a lot of traders, uh They're they're they're trading off of the fundamentals. It gives the bigger picture of what's going on Okay, the value. What is this thing valued as technical levels? Um, yeah, we want to understand them Uh in here, but bigger picture like definitely, uh, uh, want to also Keep in mind with our fundamentals. It just Any big move that you see, um in the markets I'll I'll show you there's some some sort of fundamental move behind it Or some sort of fundamental event It's just how it is Okay, interesting. I couldn't get uh, couldn't get more buyers in here So the sellers were able to kind of fill down into the this area here and This is kind of slop area in here and you can see how see how it's kind of bouncing around a little bit in here Uh, and some back and forth here due to the liquidity here Okay So we're actually at new lows of the day here for the cash session Okay, look at this cluster here. I'm going to cover this one again. Same idea. Who's in control? Right, but look at the cluster here So what we're looking for is buyers above 33 And sellers still in control All right, uh in this little move here Okay, so and we see more selling again. Okay, great. Let's see the move down to 30 Okay, so that's that's the the two different scenarios in here now if we can get back up above 33 though You know that means that these sellers now lost control and buyers are going to take control And let's take a look and analyze this a little bit more in here Okay, so look at the speed of this move here and look at the size of the volume size of the volume is not bad Okay, but most of us trading down here And look at the speed of the move. Look at look at the uh slope of this line here Okay, not so aggressive Again, not so aggressive Okay, still in control Can't get up to even to 33. In fact, it's starting to trend a little bit here So we're still looking forward to go lower And there's our move into 30 liquidity Great, okay stop run beautiful. All right So anyway, we went through those two scenarios and We started to know which one was uh, uh playing out here Okay, so again going through these scenarios And understanding the order flow in here is going to give you an edge Uh or to at least optimize Uh, you're trading decision here Okay, so we really want to understand the order flow at some of these edges here and this was an important one For today Okay, continuation here. Let's go through the same process here This is where the sellers really came in look at the buyers now So we have a new area right here at 31 Can we get buyers above 31 not yet? If we do And the order and the order book looks good in here Back to 33 and then maybe back up in 235 They see them testing here There they go Okay, now this one, uh Yeah, you know started to unfold in real time here Uh However, this would be kind of difficult I think to uh to catch It there we didn't have too much in the order book here to uh help us out You know, they're they they traded here. Yeah, that's good. We have some exhaustion here We don't really have sellers here. We do see buyers starting to come in again This is where it starts to look good right on the top edge here, but look at the look at the order book though It doesn't look so great Like you we want to see them kind of bidding up underneath and then not adding here at 32 We want to see them pulling liquidity And they they did actually pull that but the move was already done Okay, now look at them come in here at 32 Right now that that transacted Okay, so it traded into this liquidity in here. You can see the transaction is taking place And so, uh, you know, we did we did find some sellers up here defending the top edge here And there's just more buyers though They're able to trade into it and through it okay, so Let's go through and and look at our sellers again and in these areas of control and our buyers Okay, see the shift in here buyers taking control buyers taking control Okay, I still think they can move it up higher here. There they go And maybe we get to 36 liquidity up here. Okay. Well, we made it to 35 And that's where we kind of originally had our target here at 35 Okay, so this is still an an important area here at 31 Okay, where buyers sellers took a control below it buyers took control above it Okay, we can see it. Sorry guys. I've been away from the Uh chat here. Let me get back to the chat And answer some questions here Can we see can we use the cvp delta to illustrate Participants? Yeah, absolutely. Mr. Greens. That's another one. I forgot to mention that CVP is This chart range volume profile What you can do in here with the the chart range volume profile. This is a it's a great tool I I use it this way exactly how you're you're describing it. Mr. Greens There's actually a few we're gonna let me insert another cvp Just right click on it and and click insert from where you came from it'll duplicate it And then now let's right click in here and we're going to configure it And we're going to split out the data here Okay, so you can look at buyers versus sellers in here, but there's another one in here We'll click in the other column and then we're going to look at the composite But we're going to look at the delta And let's just move this one over here for now the delta one So look at this top edge looking great for continuation on up into 36 37 here In this delta column lots of buyers up here Okay, and doesn't can't can't do it Even though this looks really good here Let's see if we can get a retest back up here I'm fascinated by this delta column in here. I It's really underutilized by by me at least I know a lot of other guys use it Um, I think it's just fantastic. You can see these little clusters in here of of selling and you'll see retest back to those areas Okay, and uh, also look at if it's the same idea like Of how we looked at them the the sellers in control here pulling away same idea here Okay buyers are it Well, they're going to be out of control if sellers can move it away from here the top edge Okay, now if we get exhaustion and we do see buyers come back in here look out Like they should be able to not only trade it back up to 36 or 35. They should be able to bust it Okay, now see see how they're out of control now see the sellers. They're going to have to cover Uh, if sellers take it take it further down into here And then we should see the move of the sellers accelerate to the downside All it did was trade to the bottom of this edge here and then and and then we see the buyers come right back in Okay, so this is just this is kind of this is confusing right now I was looking for them to immediately sell down to here 32 31 and a half And they just kind of stopped Okay, so you can use the the cvp the same way, but in terms of the balance, uh, let's take a look at it that way That was the original question here So we'll put this within our Viewable range and it was up to here. I think before We broke out Yeah, and yeah, you can look at it this way as well. I think the delta is giving us pretty good, um pretty good insight Quite a bit of selling, but it's at the lower end here Okay, same concepts. So remember like If we can get back up above 35 here and we find some buyers in here Okay, all of the selling in here is You know, we're gonna get run over they're gonna be buyers back up into here Hey, and look at how thin it is down here. That's not what we're looking for If this is gonna continue and trend lower You want to see it like built out here. You want to see it like big bars down here in this area. You don't You don't see that Hey, so it's just again Look at this I find it helpful to look at this In terms of the participants Where are where are they trading or where are they lined up to trade and do they stay in the order book and transact? In this case here We can see the majority is trading in here Okay, so if we can get buyers back up above that area Then and I know that there's not a whole lot. It kind of it didn't exhaust out down here But there's not a whole lot of selling down here Okay, if we get buyers above these areas in here, then we can come back up and test Uh other areas of liquidity and some of the other swings Okay, and that's uh, that's what we were kind of looking for there And if you if you don't, um Uh Deselect this tool you'll zoom again here So I just did but you can just use control z and go back to your previous zoom That that you had okay now now I can escape from it or click on it Right, and then let's see what unfolded here So you can you can see look at look at the the buyers like leaving all these sellers behind down here, right? And and we should see a stop run to the upside and we do but not not very significant The stop runs really down on this move to the downside Okay, so let's go back in here and let's look at this current market which we kind of left off. It was uh Did I answer your question? Uh, mr. Greens on the uh, uh, cvp. Maybe you use it a little differently Hi live crypto. Do you let's see? Um No, no, uh, please ask ask questions here. That's what we're here for Uh, how much is possible to break a zone? Okay, so we were kind of answering that. Uh, I think, um the Like it it's basically um kind of similar to the volume profile uh weak edges, uh, and uh In fact, uh, let me get rid of this cvp and we'll keep our delta Um So, you know, we're kind of looking at like weak tops and weak bottoms And what that means by being weak is that it's weak that it can be broken And what it looks like though is just heavy buying up in this area here though That's what you'd be looking for Uh, or heavy selling down here and then the you know, it just what what that means basically Uh, and is that transactions the market is transacting down here And it it seems to like it down here if you get more then you should get the break Okay, and then see look at the did it transact up here? No it didn't that's exhaustion Okay, so uh, we're up in here. Do we get a lot of buyers up in here? We did we did get some But look at the the relative uh relative volume here This volume compared to this volume and then this is where like they want to you know The market wants to trade down to here and try to trade into lower liquidity here And now it's a really good question Uh, and uh, it's not just the volume though and the structure that we're talking about Okay, price structure is immensely important And price structure is just the bigger picture here Like uh, uh, this is the price structure Okay, so you're kind of trending down or this trend here Okay So will it continue to trend? Right. Well, we look at the the volume and we look at the order book to help us here All right, and that's that context So look look at this right now. We have sellers down here Uh, and then look at this wow the order book at 33 they came in and there's there are sellers up here And we found buyers kind of interested in transacting with them There they are again now these guys pull all right So buyers should be able to take it back up to the next level up here at 33 34 and a quarter And now these guys pulled up here Hey, but it's kind of uh, that's where they were and there there we go. There's our move Right, maybe you can come up a little higher 30 35 Hey Okay, now we can also talk about this in terms of speed of move looks pretty good Looking for another move here. We already had our impulse one impulse two. Let's see if we can get three See look at it transact up here. See see the weak top here. See how it's transacting up here Okay, that's good Let's see it transact a little bit more and then to move higher Now sellers are sellers are combating it here. There's a little bit of a battle showing okay, so There we go buyers buyers took a little control there. Okay, and we're able to move it higher there All right. Does that make sense? It's a really great question Uh about what to look for in these areas in here Uh live crypto trader Okay, so we'll continue to do this again and again and and if uh, it's not it's not a single answer It's about the context in here and I know that that's uh, it's almost like a dirty word Because everyone's like, oh, well you say context and like Um It's like maybe or well kind of or you know something like this But it really is true It is about the context of the traders in the auction at these areas specific areas that we want to understand And we're reading it here in real time and and you know, they don't always look the same But they look similar And you can understand that volume pressure. It's just to understanding buyers and sellers Uh, and we look for it Okay, uh, and then now what we're talking about is reading order flow. Okay. This is not a trading room Uh, so it's understanding this The second element would be to start to wrap a trading strategy around it once you've looked at enough instances And you understand what you're looking for and you know you have an edge When you have that Then you start to look for uh, how to wrap trade management around it Okay, so if I get in let's say I get in this top edge here Well, it's pretty pretty gutsy move getting into this top edge up here. Does it look really good? And I'd say Yeah, not really You know, it's like it's it's likely to go up here to 37, but like I just don't like it Uh, it's uh, we didn't make a I don't see a whole lot of buying in here. I see some selling coming in here So maybe just goes range bound in this little area here for a bit All right, or maybe we'll get enough sellers to come right back down into this area here All right, and then how would you handle that? Uh, in in terms of uh, your your management Well, you'd be you're buying the top Uh, and uh, you're looking for a breakout and You know, it should if if it was looking really strong, which it it didn't okay, it looked uh It was it wasn't bad. It just didn't give us that It didn't hit us over the head Okay, and then maybe you'd put your stop down here and you took a stop of about a point Okay, but when it looks really good, let's suppose In here We saw really big Uh buy dots, so we might get it here. We might get it now Okay, do we see really big buy dots here? No not yet. No and look at this look underneath the book here They're pulling here. I like that That's good But I don't see the buyers in here, uh that are just dominating and I don't see them bidding up underneath in these areas here So I'm I'm to me it doesn't look like it's high probability All right, and I will pass Okay, and that is the context we're talking about. I hope that makes sense Uh, yeah, mr. Green's so we do use cvp to illustrate how they were trapped uh with that delta column Especially with a delta column Yeah, so the up here like uh, uh rob the um, these are um order book and volume and balance Indicators they're add-ons and they're part of global plus um, so And the it gives you a percentage number here And it's also this mid this is the midpoint right here Okay, so you know, there's a little more on the sell side here in the order book So it's you know over here to the uh the left of the midpoint now. Look at the order book here 12 You know, what does this mean? The order book is we'll we'll go over the volume uh imbalance first because that's easier The volume and balance is um, really simple It's just taking uh all of the volume within the viewable chart range and making a calculation very much like cvd Uh, and then just kind of outputting a percentage are there more buyers more sellers Guys look at this big volume dot up here now Okay, we we we didn't uh, we're seeing a little bit in the order book underneath here. They are pulling here Yeah, I don't like it still But I would look for this to trade up to 37 I don't think it's worth putting risk on though Okay, just by what we're looking at in here Okay, look at the speed of the move up to here too Okay, so yeah, I mean we're still looking for this to go higher, but you know, we're kind of filtering out And looking for just a better opportunity Like when you see the speed of these moves, you know, like we were talking about Okay, like here and here up into those areas. It looks pretty good when it starts to kind of you know, um Slow down like this then we're It, you know, we might get a grind higher for the rest of the day. Who knows Uh, but uh, you know, this is what can happen is the back and forth of buyers sellers buyers sellers Thanks jack. Wow. You're really really helping out here. You're answering all these questions too Uh, rob, um, let's see. Can you go over the bars versus Oh, so yeah, I was just doing that. Um, uh, the and the bars down here. These are just related to the You know, the volume dots basically The uh, so I went over the volume. Let's go over the order book Okay, so again, it's based on the chart range in here Uh, and this one's more complex because the volume's easy. It's just one price level of transactions The order book and balance is much more complex because it's multiple levels So in fact, let's go over here to studies configuration and then look at We look at um volume and balance. You see there's no settings here But if we look at order book and balance, it's here And we have all these settings and I've set it for 10 levels to make this count. It's the same calculation Uh, if it's above price, these are limit sell orders if it's below Limit buy and it makes the same calculation It just made it for 10 levels though All right, so uh, and it and viewable range in here Okay, so uh from the left to the right Uh, the settings in here too. There's a video on this rob. Um So there's 10 levels here. You can put a half life or kind of like a it's kind of like a moving average exponential moving average You can get alerts on it, etc but um Anyway, uh, let me I can show you where that video is. It's under our Channel here if you scroll down and It's under features and components in here click on that you should see the order book volume and balance Let's just do a quick search and balance Yeah, here we go All right, so it's just a couple minutes long I'll put this into the chat for you There you go Okay, great. Mr. Mr. Green's glad that uh, uh, that that's clear and is helping. Um Yeah, david a you want to ask a question no problem Um Kind of liquidity tracker indicator be useful to understand. Yeah, so the liquidity tracker is an uh interesting one is in the sub chart here It's basically kind of doing an imbalance indicator as well Uh, but kind of like a uh, almost like a cvd of of the liquidity Uh, and uh, yeah, let's let's add it in here There's a free version and there's a paid version Yeah, here. Here's a liquidity tracker pro Okay, uh, and it shows all these lines all of a sudden. All right, so we can We just want to look at the difference here. I'm just I just want to look at the difference one All right Okay, so it's just it's just taking the um, uh, viewable book in here. Uh, and uh, uh, you know, there's Uh, we're looking for you know, if it starts to go down in here, there's more, uh, cell liquidity coming in Now i'm not sure if it makes it on let's go to the settings here So make it on the viewable book It's weighted Now you can put in your price levels here Okay, so uh, uh, yeah, but uh, you know it the positive Um, when you see it starting to go up like this, you know, there's more liquidity Uh on the um on the bid side Okay, see see how this see this liquidity that just came in here See how it skewed it so everything's dropping here Right, it's because of this liquidity that just came in All right makes sense Okay, and then we can see maybe uh Uh dynamic change and shift in here. There's a little bit more now coming in here This is why I I just like the heat map to be honest because I I can understand it here Um, I understand that there's liquidity just coming in. I know that there's going to be an imbalance there I don't need to to look at this Okay, a lot of people like this though And I also get a lot more information I know that transactions took place here and there and there's more buying pressure So I'm still looking for it to go further Okay up into 37 Uh, and maybe uh, and maybe break out here Okay, we got we got volume. Okay. Now this what do we have in this one here? We've got volume speed of the move is not bad Okay, but we have liquidity up here and we don't have liquidity here on the bid We have liquidity here on the offer We want to see these guys pull and maybe flip Uh and add down here Okay, and then get our green dots and then we're off to the races to the upside Okay, but we're still finding buyers here. So this will likely transact And we talked about this years or over over the years If we're still hanging out up here And there's high liquidity and and sellers don't come into even though they could very easily move this market lower here because there's not much liquidity down here And we're finding still buyers up here. They're likely going to transact into this. It's more likely And it's just it just makes sense too Sellers aren't coming in to to you know move this lower Yeah, so look jack jack uses it often And uh, see if price rejects etc. Excellent Okay, it looks like I'm all all caught up in questions Yeah, kevson a lot of back and forth here today Uh, yeah, we we think uh, you know probably next few days here, but uh With the you know, some of the fundamental news coming out And data releases, but we're reading it, right? You know, look at look at all this buying up here And and also look at the speed of the move guys. So, you know, we're still It's looking good and it We know that it can trade down here pretty quickly if we get sellers Okay, like yesterday we saw that a seller would come in here and he would just dump it And and and move it very quickly. Um, you know three Points, you know something like that at least two points Uh, and that's you know, that sucks. Uh, it's just that's trading I would say one thing that may help on looking for that larger player who might just come in here and and and dump it Uh, and move it lower You can look at, uh, for example at your um Your confluences or correlated markets. Sorry. Uh, so let's look at euro dollar for example Okay, so look at euro dollar here like it's kind of going up Right, uh, and now we can see it kind of going down here. So this is dollar strength Coming in here. Okay, so dollar strength is usually mean means, um a weakness, uh in the Stock market It's more a flight to safety take it out of stocks put it into dollars Okay, so there can be an imbalance there and maybe this is what I was kind of getting to jack in our discussion Last week about, you know, we're talking about gaps and imbalances, etc Um, a lot of times I I kind of think that there's something there with the correlations and we'll see someone come in here and dump it and move it lower Uh, based off of maybe some of these correlated markets Um, I know I don't know I speculate on that but these really quick moves and if The only thing I can speculate on is it makes sense that they may do something like that A larger player may do something like that because he can get away with it There's an imbalance in the correlations or it's out of whack So yeah, in fact based off of that Well, I don't know. It's hard to say like maybe maybe this it'll start buying in here. Maybe we'll see green dots come in here on this euro dollar This is where it can be tricky with the correlated markets And maybe they'll bust out here, uh, then then the move higher in the stock market makes sense Okay, see now This this looks better here. They're pulling liquidity. They're adding it here. We're getting green dots And now they're starting to show liquidity in here Okay, so they just came in at 38. I'm gonna put stops nicebergs back on Whoops not those You know, let's see it buyers should be able to take this a little bit higher. Um There they go Okay, there's uh what up to 39 A little bit traded up at 39 Okay, that's a stop run two guys. So nice little one there Uh, and again like this is where it can be tricky as well. Uh We know this is a stop run Okay, we don't know that all of it are all of it's a stop run. We can we can get that information though um And uh, but what matters now is Above or below Our zone here here. They go up above All right, they should be able to take it back up to 40 now more And a little bit more the order book was helping Underneath here a little bit. Yeah now now it's looking a little bit less All right, so that idea is you know, it's just not looking as probable um It was looking good in here and It's still kind of doing it, but uh kind of not so um You know When it really looks clear, that's You know the the moment to pounce. All right. Thanks, john Uh the divergences say you see I I think it like um, uh, you know, it has to be you have to kind of really keep track of it and watch it your divergences and and Divergences in your correlated markets to really understand the meaning And you have to see it over time This move to the upside. I would assume that the six E's moving to the upside. Okay, it is And you know should be able to move back up into this kind of uh, You know 096 something something like that All right, but you you really because they they shift they change they ebb Um And uh, you really have to kind of keep your eyes and ears open and be following them and understand them Uh to and they that's just that um, uh, you know the the correlated markets, uh Yeah are there I just one of my favorite things to look at so behind the Um stops and icebergs index um indicators. I like the market pulse And I think jack is uh mentioning that right now Um, it's it's awesome. I mean you can hear the markets. Uh, let me let me get it going here and uh Let's look at our see. These are old. I haven't looked at this in quite a while I need to uh, delete them. There are quite a few in here Yeah, look at I had all these bonds and notes and five year two year whatever Um, let's create a new one and we'll look at six E And we're going to look at volume pressure. That looks good. Let's play Uh, let's add one more two. Let's add in a new one here. Uh, we're going to add, uh Nasdaq volume pressure play Okay, so now we have two right? Uh, and uh So yeah, here here look at see the see like the the stock indexes are actually moving first before the uh, six E Uh, we were looking at it. Um, a few months ago and it was the opposite okay, the um Six E or the the the s and p was following the six E If it r s if the if the stock indexes are not or I mean the correlations are are not part of your game then don't don't use it It's fine. I mean like uh, whatever whatever works for you Uh, it can't it can't get confusing. No no doubt, right? But so look at look at the nasdaq, you know, we're looking for sellers and you'll hear it You'll hear it come in. Um, and when it starts to go over this 70 percentile Uh level in here Yeah, it's not your uh euro USD. Um Yep, as jack is mentioning here. It's the um currency futures, uh at the CME So I don't hear it yet, but um We're having a little bit of a lull Okay, interesting. We got up to 40. Um There we go. Can you guys hear that? So the six E now is starting to kind of ping in the nasdaq to nasdaq is selling off here All right, so nasdaq typically leads the s&p It just gives us a little more insight to you know, what's happening in here Uh, no, I wouldn't say this is different than normal trading whatsoever. Um, uh, the um People are you know, a lot of people look at correlated markets. Uh, no question The uh, if you if you like that kind of stuff. I mean I do I I love it. Um Uh, because they're all it's like relative volume. It's like relative value here The s&p is um has value compared to what? Right to the dollar to bonds Maybe to commodities Maybe to other indexes So, um, you know, where is that money flowing and ebbing from and where is it going? It's it's very very, uh, I I think very very powerful Anyway guys, uh, if you like this webinar, uh, please hit the hit the like button The um, uh, yeah, apple tesla is another one. Uh, absolutely in fact, uh, you know, um What's it Apple and microsoft here, you know, you can look at things like this here like, um, uh Where is it in thin viz? Yeah, here we go And you can you can look at stuff like this here, uh, and your you know heat map of the market It's a different kind of heat map. Um, but um, you know, what's um Uh, look at look at the technology here. Okay, so this is the s&p 500, right? And this is the technology sector in the s&p 500 Look at the two big gorillas there microsoft and apple So if you understand where these are going, you're likely going to understand where the nasdaq is going Okay, maybe some other ones in here in nvidia um, yeah So, um, anyway, this is uh, uh Another way to look at it too rs Okay, so, uh, you know, if you're looking at the dow Do we have the dowel up here? Oh, I don't know. I can't recall I got the s&p But, uh, you know, you look at it. I think it was ibm years ago It was like the big the big gorilla in the in the dow All right guys, well, uh, let's let's wrap it up tom b is next And uh, if you want to continue on, uh, he's going to go through his way of trading and looking at these, uh, edges in the order flow Uh, and uh, you know, uh, very very important here like this top edge here is really important Uh that we saw You know, it's this swing here. We have liquidity here 41 40 And we're looking at it earlier in the webinar. I believe yep Uh, and then it could we got a retest backup here and look at the fade coming back in and sellers coming back in and driving it back down lower likely into this volume cluster here Uh, and uh, is a high volume node here as well. If you're volume profile trader Uh, tom will tell you all about that Uh, so, uh, the mean reversion trade from the outside edge in Okay, we were looking uh earlier at some of these moves from the inside edge or inside area to the outside edge And then understanding about profit taking and etc So, um, yeah So, uh, in different ways and strategies, um, looking at the uh, The market but again No matter what it is that you trade you're going to be looking at and getting an edge in here in the order flow up here Okay, by understanding that context that we went through Okay, like this one right here. This happens again and again and again Look at them trade into here Uh, you'll see them kind of push you'll see traders like line up here Uh that are willing to uh to buy up here Uh and um, some of the transacted here right into it here, right, but a lot of times is to try to push price up higher uh and You know at looking for this kind of breakout here Which you know may still unfold But uh, uh, you know now they're down here. We see traders down here and providing the high liquidity at 37 Okay, so, uh, anyway understand these top edges in here or bottom edges Uh, you can see that uh, not a whole we see nice strong buying and strong moves on the way up like we talked about Uh, and then it kind of wanes up here and a little bit of volume up here, but look at the selling starting to come in Right. Look at the retest. Look where it retested here back to here Hey, these little areas and nuances will help you Understand how these markets work As well as optimize your entries and exits and your trade management Okay, because that could be a pullback to get in And then look for bottom edge or liquidity In some of these areas here All right, all right guys. So, uh, yeah, thanks. Uh, and uh, let's see tomorrow we have a j trader and Scapulcini on thursday Guys, if you if you like the video or the the webinar here, uh, please then hit the uh, uh like button Because uh, this is this is what helps us Continue on uh, continue Continue with this kind of content, uh, as well as To get feedback to cover the things that you guys want Right, so that's kind of how I started the webinar. Uh, I was asking for your feedback And I got some nice feedback from yesterday And that's what I went over. Okay. So, uh, it's by design Um, all right. Thanks guys. Thanks. Thanks, Pedro And uh, how much is book map? Uh, plus data depends. Uh, no, no, well, um Just go to bookmap.com here Let me show you click on pricing And then you can see the different versions in here. Let's go with monthly Global and global plus. So this is for futures and stocks and crypto. Okay, but if you need that if you Futures and stocks, you will need one of these two Uh, so that's what book map costs now the data costs are different Uh, depends on what you trade. Okay, if you're trading stocks, you can get it from dx feed or you can get it from omni feed Uh, with different price levels. Uh, we just had a special that we um, uh, emailed out to you on omni feed Uh, you might want to reach out to support on that Uh, or maybe in the discord channel Uh, or maybe if you're signed up, then you'll see it in our Our email, um I forget the details right now But it was three months at a discounted price So you might want to look into that for stocks for futures depends if you're just trading the stock indexes Uh, you only need cme Okay, and you can get that from rhythmic, uh from our book map, um, marketplace for 39 bucks So if you are interested in just the basics, so it would be 40 bucks for, uh, rhythmic It'd be 50 bucks for book map global. You're up and running for 90 bucks Or 88 bucks basically Okay, so I hope that answers, uh Some questions, uh, if you want the global plus version that you can trade from the book map chart Uh, and you want a full, uh Rhythmic data, uh, that would be a hundred dollars from rhythmic for the data and it would be a hundred dollars from book map Uh, global plus so that would be 200 bucks a month All right And then like I said, it really depends what what it is you're you're looking for All right, thanks guys, uh, and we'll call it a day and we'll you know catch up, uh, later I'll be back on friday, uh, but uh, thanks everybody hit the like button here and we'll see you then, okay Bye-bye