 Good morning traders. Welcome to the book map live trading webinar. This is Bruce at book map Let me get set up here Alright, so This is where we go through live forward-looking analysis looking at where price might go based on our live order flow reading This all comes from our course our educational course. That's online. I'll show you where that is It is on our YouTube channel if you go here you scroll down In under bonus materials educational course right here, and you'll see all four webinars here. They're about an hour long each And highly recommend that you go through these to understand what we're looking at and talking about here especially parts one and two that set the foundation for you And then we'll go through all of that information every day in the live market And we have live trading on Wednesdays and Thursdays stocks trader J trader and scuffle senior futures trader All right, so let's go through the disclosures and jump right in the market General disclosure all book map luned 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 Involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results Okay, so let me Take a look here and if there's any questions off the bat Good morning. Oh boy. All right, and uh Let's see here in in discord guys if you want to join our discord room, uh, we have, uh Uh, really good discussions over there that, uh, um They're very specific to book map. So you can really learn a lot. Um, uh, eighth trader Bert jc. Good morning guys. All right Uh, let's get let's get rolling here. Um Good morning bill. Uh All right, so let's jump in here. Let's look at this s and p s and p I don't even know where to start on this one. Um It was just this was a beautiful beautiful move here guys and it's What we were covering and and kind of We covered this on friday Seeing the the pressure in the volume and uh, uh trading into uh high liquidity taking a pause and trading again into high liquidity This was a flag pattern that we talked about This is just beautiful. Uh here there was multiple flags obviously is trending and then look at the cash open and the move up I mean This stuff works. Uh, we it was kind of a um, not a good webinar on friday because it was very choppy during that time But uh, we'll go over it again and again You will see this pattern and you will be able to profit from it. Uh in the order flow if you read the order flow And uh understand who's in control That is the key here. Who is in control in these time frames? Uh and understand that like for now for example Who's in control? buyers from where right here on up even even uh Before that uh here actually okay even before that you can even make an argument that they're They took control here where they moved it here or even here, right? So, uh, you can see these levels and then buyers taking control uh in these levels here All right one after another uh, so What's going on up here? Well, this is now a pullback This is a low volume pullback in this structure from the cash open at this time here Okay, so strong buy volume uh up near the 3700 figure up here And uh, here we go. Let's look looking for buyers right now right here Okay, and let's see if they can move it Just up to here 95 All right, just something like this or maybe just the first one is right here 90 Okay, but we're looking for buyers here. We have the strong direction We have the um, uh this as a pullback here And then now we're looking for again Buyers to come back in and push this higher okay now That said It is important to go through the trade management in here and the risk management. I should say we're traders And we want to account for both sides and the what ifs in here But the the direction we're looking for due to this strong move to the upside is more buyers Okay, until we see something different and Well, let's let's take a look at this order flow in here Here's where we do see some sellers. Okay right in here Uh, take it down Okay, but buyers took it right back up. All right, let's zoom into that area here. So who's in control in here? Well, it's kind of equal Okay, so we don't really have too much insight in here. There's buyers and sellers in here Uh, and in fact what happened here is buyers were able to come up back to the top of the range here of this this range here Okay, they were able to come up to the top of this range here and they were able to break out Okay, so we're looking to see if if we're looking for buyers if we get a pullback. We're looking for the pullback to about here for now All right And there's liquidity already here lined up in the on the bid here at 85 okay, so The and we're going to put a trend line in here because they're already pushing into it Okay, so where is the next level? All right, so this trend is still intact until we see something different All right, so uh, well that what we're starting to see maybe the the development of something different Okay, we're back in the range. Okay. We're still bullish here Yeah overall Uh, and this pullback in this trend Okay, so uh, this is where As a trader Where you have to accept some risks Okay, are you are you going to go with this bigger picture? Is this a pullback in here? And you're looking for order flow in here to break a small little area In this small structure here like they did and then again here Take it up to here take some profit. Maybe look for the bigger move Maybe this is the bigger move you're looking for to come up into 90 and finally 3700 the figure or 95 first, right? And then our 3700 up here Okay, so there is your pullback move Okay, and this is the iffy part here right here Okay, do you want it and the best way to deal with that if you're getting involved in here on this pullback and you see just a small Change in the order flow here Consider taking some profit here Let the rest run you can always add into this later Okay, so this is a this is a pretty good example Uh, and now we're looking at that flag pattern again It's already completed it to be honest Uh, there's one in here a mini one in here Uh, and then basically there's kind of this one pause and then this one here Okay, and we're still bullish Okay, pullbacks may be back to 90 if we get that Okay, right right to here Let's drop another trend line in here Okay, and it's starting to break that right now All right, so now what kind of insight am I going to get from book map in this? It's it's the volume. It's the the context in here. This is the question Uh, we got we always get and uh, it always sounds like a cop out in some way or shape or form Uh, hold on a minute here. I've got this vwap strategy enabled and I don't want that Okay, uh is Is the context the answer is context in here Where it might pull back to or like How do we read this this pattern in here? Now if we just take a look at for example You know your um your candlestick charts here. Let's look at a five minute candlestick chart here. Okay, so You know you you see the strong move here. Okay, but you don't know how much volume is behind it You don't know where that volume is transacting within this candlestick here and the candlestick Even if you look at like a one minute chart in here, which I do not have access to Even if you're looking at a one minute chart in here um It's still aggregated data within that one minute period. Okay, you still cannot see precisely where the volume is transacting This is where book map is really handy Okay, so it's right in here We see the strong volume the pullback was to here at 90 like we were just talking about And then we see that when we're still bullish in here And and here's the here's the leg one. I mean there's multiple this is fractal in here There was like a mini flag in here and this is turning into a bigger flag now and looking for 3700 the figure all right, so Anyway guys the insight from book map is going to be with the volume within the structure here That's that's one element of the context. We're looking at and what do I mean by structure is precisely what we're looking at here The structure of bespin offer back and forth Okay, so Let me get rid of some of these lines on here This is a v-wap. It's in the execution pro Oh, okay, it might be down here There we go. Okay All right guys. Well, here we go still still still buying here or still buyers Are you know looking for the movement to continue upwards now? This is where we want to be a little careful Uh, we're getting pretty lofty. There's going to be some profit taking in in front of 3700 Uh, but uh, basically we're looking for the move to 3700. That's where the liquidity is. It's an important number Uh, and um and still still looking good here Okay, any questions on this? Okay, we covered this on friday It was really choppy and kind of hard to see it. It is very clear today. There's our move 3700 Okay, and it's still going All right, so uh, maybe oh five oh two oh five Still going here until we see something different. There's nothing else to do let it run all right, so uh all right, so uh What what was I talking about context? Okay, what how is book map? How are you getting an edge in here with book map? Well, you're getting an edge by reading exactly where the volume is trading So if I take for example the heat map off and the volume dots off Just best bid and offer is creating that structure the price action structure Okay, for example here breakout consolidation consolidation breakout pullback to where it broke out from Consolidation breakout pullback and then it and then it continues on up again. Okay. This is the structure This is a trending structure in here. This is why we mark them up like like this Looking at this This and this and this Okay, and then if it breaks that structure, where would where might it go next? Well, we kind of look at some of these structural areas here Okay, and um, we also look at we can look at not just horizontal structures in here and note note, okay note How this is lining up with your profile. This is a low volume, uh node here Okay, it's because not much traded there It's the structure. Hey, this is a low volume node right here. This is a low volume No, that's the high volume node here. Okay Uh, this That's a little bit. It's a little bit higher here. Uh, is your low volume node here Okay, so here's our pullbacks now. Okay first first pullback is here Okay, so let's see. Are you are we going to get more sellers in here? And we we're not looking at sellers. We're just looking at structure right now Okay, so here's leg one. Maybe we'll get leg two down into 95 again Okay, so anyway The first context here in in what? We can get from uh from this in the order flow from book map is understanding first the structure Second is understanding the volume within that structure Okay, so let's look at the volume in here How significant was this not too significant on that sell side? It's not bad in here actually but it failed to drop price Okay, so look look where it pulled back to the top of this structure or where it broke down from here the bottom of this structure Okay, so now actually let's see do do we get more sellers in here? No Okay, here they are here. They are okay sellers then you should be able to drop it right back down to 97 again Okay, just based off the context between market structure here And volume within that structure Okay, so they just about did that. Okay, let's see. I'm still looking for 97 here Uh, and then if they can do that I'm looking for and we get the sell the red sell dots down here I'm looking for them to break it into 95 Okay, and that would be our our our bearish flag pattern All right now that's our context. That's what I mean by context in here in the order flow The second element to put on here is basically the third element to put on here is the heat map Where is that volume? Transacting into who's on the other side of this trade Okay, so we want to look at that Uh, and they're down here. They're not here at this area here supporting it They're down here at just below or right at 95 and that was the area We had marked up here before we saw any of this. Okay, but we're confirming it here. That's the context here That's the insight Another one context. Look, they're buying on the bid here. There's liquidity here And we saw some buying off of that Okay, that's pretty interesting. Do we get more buyers up here? Maybe this is as far back as it pulls back Okay, so here come the sellers now the context again. Look at them pull here at this 96 and a half Okay, so, uh, let's just zoom in here. See how they pulled as price is coming down They don't want to be buyers here is what it's telling us So if we get another barrage of selling right here at 97, I'm looking for them to drop it into 95 Okay, so let's see if we can get that No, they're adding. See how they're adding here at 96 and what is the context? Well, we found a few buyers back to the top of the range Okay, now they pulled down here Okay, and then we're getting still more buyers up here All right, so let's see them trade back into 3700 the figure and maybe back to 02 now Okay, this is the context that we're reading at this level here on this structure in this time frame All right any any questions That's uh, it's it's dynamic. It's happening. It's unfolding here, but we can look to the left And start to understand the structure We can understand the volume and the transactions within the structure and we can understand the heat map here Okay, so we were looking to see if we got sellers here We didn't We started to see buyers here. Then we're looking for 3700. It's already traded into it and then 02 is the next area And that would be the high of the day here for the cash session Yeah, bulls. Uh, oh boy, absolutely bulls control by far um You know, this is a very strong powerful move here one of the things that you look for in your flags and and I Hate to kind of refer back to flags all all the time That part really doesn't matter It's the strong move here and it's a strong volume Tearing through areas of high liquidity that we want to pay attention to This is just a pullback or a pause After a strong move And then do we find more people do we find sellers interested in trying to sell it back down? Not really right? So we start to look for buyers on the other side to take it back up higher Okay, and we did All right, so that's putting that context together All right, that is rather difficult to do when you look at um a candlestick chart like this Okay, you just don't know Even if you have volume in the sub chart down below here Okay Uh, you you can have volume here, but you still just don't know this is separate from the candlesticks You don't know where it traded precisely you can start to pinpoint pullbacks All right, so these are important considerations And this is how order flow can help you Really help you right and this is what we go through all the time In these not only these webinars, but also in Our discord chat room All right, so now what do we have here? Okay, so we came up and just broke the high slightly and this is trapped volume up here Sellers coming in now. Okay, so we're still in an uptrend Right, we can see with the trend line. We we still we're still in an uptrend We're starting to notice some things though some pretty heavy selling up here High liquidity getting filled in here. This is again the context. We're talking about Okay, and then here's the drop Uh Okay, we said originally our 95 level or I'm sorry 95 our next level. I'm sorry 97 then 95 and then this level here 93 or so and it just kind of uh went to it and uh seems to be Kind of hovering here at the moment Okay All right, so let's see if there's any questions on here double top retest looking for the second breakout Yeah, I mean The double top though that the pattern uh, uh the the second leg here failed Right, I mean we got the move up to it and it did break it made it made a higher high here Hey, but we didn't get enough buyers to try to inch this higher or break out from here Okay, so we're we're really kind of falling the where are the bowls now, right Look for these things when these things start to fail Then we look for the sellers to come in on the other side and we talked about the pullbacks already Right, so they're still in play these these pullbacks And now let's take a look down here our context again And let's look at other levels here another one. I really like 90 here First off, it'll break the trend line get people going uh the wrong way Uh, and then maybe trade into this and still be bullish Right, we can still be bullish in the bigger picture And all right, so let's zoom in now Uh, and let's take a look at the order flow and low time frames to give us insight Uh, to what might be happening Okay, we'll zoom in pretty closely here All right sellers coming in all right back down to 90 Hey, look at the bowls take it right back up Okay, but notice in here more sellers than buyers That's a stop run as well to the downside here Okay sellers taking it lower Okay Okay into 90 90 transacted. All right now. I'm real curious here. All right, so let's look let's watch This is an important level. We want to look at here. Okay, there's still more sellers Look in this see if they can take it down to 88 now Okay, actually looking for That depends looking for a bit of a pullback. Maybe right back to 91 or 91 and a half here Yeah, yeah, I'm looking for a pullback at the moment here Okay back up to here Uh in the order flow it's because look at the the selling down here. Okay. We got buyers here Okay, we have high liquidity at 90. They got to trade the buyers got to trade through that Okay, now this this is not a trade recommendation and this is a countertrend To this smaller time frame move to the downside They just the move back up to this. We're just looking for this right now up up into about 91 91 and a half or so Okay, here they go. Let's see if they can do it here They're still fighting it. Good morning kevson. Good to see you in here You guys hear construction. I'm just kind of curious here. I'm sorry about that Someone's that they're sanding the floors up above No concern good Thank you, jordan. Now you want to see the vpok. Okay Oh boy Okay, there we go Okay, this is going to be on the On the Cash session it resets on the cash session as you can see No, actually it didn't Okay, it should have though These guys are really fighting it here. This is kind of odd to see this But there's a lot of icebergs selling in here and into high liquidity here and they continue to do it here So actually we were looking for that that small pullback here That look at look what's going this is the dynamic and this is the context and insight we're getting here There's a lot of buying in here Right into into icebergs Into high liquidity here Okay, now due to that typically we look if they're going to absorb all of that buying We look for the drop Uh and and if they're going to stay in here to absorb because they're just absorbing all the buying like uh Wait for sellers to come in and try to move it lower here now watch this though Okay, so into 90 here. Let's see it and up end all of these people buying in here looking for or that that um I'm sorry that uh That sold in here. Okay. So now we're looking to see if we can get a nice push to the upside not just back to 91 and a half or 91 here And now we're looking for something different due to the context of this This is a lot of buying Okay, now the opposite scenario in here. We've got to be careful here Opposite scenario is what if all these buyers are on the hook here? Uh, and they're going to be stop stopped out in the move down into vpok or you know high volume node Maybe a bit below here at 80 84 And that liquidity there Okay, so different scenarios in here, but this is what we're looking at right now They buyers the the field is open here if they they wanted to take it right here and they didn't Is there a way to do longer operations based on the book map? Yeah, sure You we can zoom out and look at higher timeframes in here for sure You can add more data in here When you zoom out and click on cloud data you can get up to 24 hours of cloud data in here Okay, it's it's uh You'd have to subscribe to dx feed for $14 a month to get that but you can't get that Okay, here we go All right buyers. Let's see you now take it. They got it here Right, so it kept on trying had to go lower and then that now they hit it and they traded through it Boy, we still see a battle here All right, so all we did was get our pullback to 91 and a half That is funny. Okay All right guys. Well, anyway, we want to be real attentive of this 90 90 area here Buyers above 90 if we get buyers above 90, this looks good Okay, if we're going higher All right, here's a bit of a flag. Let's see if we can get out of the range though Technically a flag is a breakout and then and then a pullback, right? So this isn't really a flag in here And all that we're talking about is this again Breaking down what a flag is Okay, just looking for strong moves pullbacks and then another strong move All right, let's zoom in here. Let's look at the this much smaller micro structural area here And we can cover some of the market mechanics in here Not seeing them yet Boy, it's really everything kind of dried up is a pretty low volume in here Now nothing nothing to do at the moment here Uh, not getting much insight Okay, we're back up here finding our buyers again all right To the top of the range here of here Okay, looking for a pullback to here back to 90 Okay, just a pullback Can you connect IB data to bookmap for futures? You can Goss too, but that that that futures data is is pretty poor quality Okay, so You should be aware of that I I highly recommend that you Instead subscribe to rhythmic data from our book map marketplace And then you can also route your trades to Um your IB account and trade station account as well from that rhythmic data Okay, so that would be the way to go All right guys, so this was kind of a false Move to the top here. This is why we wanted to stay away from it because we didn't see that commitment of the buy side yet Uh, and then now we're beautiful VWAP or V pock trade here Okay, so oh boy. I'm sure you cashed in on that one nice one What's what's the stop run? Rare. Yeah, that's where you see People getting stopped out basically and it it's one after another getting stopped out We can go over the market mechanics in it. Uh, we've done many times in the past All right, let's zoom out. Let's get up there a bigger picture approach here Look at all that buying here into that iceberg that we saw as well as high liquidity up here How do I use the large lot tracker in here? Yeah, I like this indicator a lot It's part of the global plus version is this little line in here We can identify larger players Uh in in the order book here. So out of these 280 contracts here looks like about 200 of them are one individual actor something like Something like that So I look to see What's the context again? They come in what what happens Right. So it looks like this guy actually, you know, he he stayed in the book wanted to trade Uh, and uh started to transact a little bit Right. There was 280 290 in here for a little bit, right there 295 He's transacting. They're transacting right into them. They're not much But some and then buyers or sellers do not take them on Okay, we get more buyers in here This is again that context we're talking about Um, I'm not sure if you can do if you have rhythmic through apex. I don't know if apex has an api PD legend so um, uh, but you can if you have rhythmic rTrader pro Uh, you can connect via the api of rTrader pro with multiple uh platforms Like for example, if you're running ninja, you can connect it to rTrader pro You can connect your tt to rTrader pro. I believe many And then also connect your book map to rTrader pro api Okay, there's a video on that. It's on Our website or our youtube page. Let me show you It's here if you come here And they're bonus materials Uh, and then just go to the right a little bit here connecting to data providers clicked on this and then View full plain list and then connecting to multiple Data providers or data feeds as well as one for connecting to rTrader pro api here All right some ice. No, not much. Okay Large buying was um, this is a it's it's not well. This was resistance still Um, you know here, but there was just massive buying here Right, so it's not necessarily support, but it's definitely bullish if we can get above it Uh, then and we are above it. So we're back to looking at buyers again Now you can see the structure in here Okay, it came up to to the top of this range here, but again looking for our buyers here here they come All right, so let's see if we can get a bit more back up here. This is a pullback so far Um, sorry, it's more than a pullback. There's a lot of a lot of selling in here. So this is just range bound right now It's just range bound Okay, I'm looking for buyers up up here and then a breakout Okay into this liquidity here 94 95 96 And not not happening yet All right, we're seeing sellers drop it below the down to the bottom of the range here Okay, so again looking for buyers up here 92 and a half Not not seeing them yet let's zoom in And guys we're going on on these low time frames for those that are new in here We're going through these low time frames in here to show you the market mechanics How these markets actually work it is essential to understand this Okay, once we understand this Uh, we can we can look at much higher time frames and still understand the order flow Okay, essentially we don't know the details. We don't have much transparency, but we can start to understand the order flow Once we understand how markets work It's it's it's essential and it's lacking from most education out there Okay, we've been providing it for years. Our educational course has been up for years All right, let's see if we can get our buyers back up here right now And then maybe into this liquidity here at 91 there they go Okay, looking for again buyers here Pull back looking for our buyers and then looking for the extension up into 93 and 94 There's our buyers. Okay, let's see it. Let's see if they've got it No, no interesting. All right still Still looking for it though lots of buying up in these areas here. There we go All right buyers Let's see it. This is your chance. We're looking for 94 95. Okay, not a trade recommendation But that's the direction we're looking for here top of the range here 94 okay, and then uh, let's see if we can Get take some off maybe and then look for for a continuation Okay, we got to go through this other scenario in here because it's getting a little a little funny in here We've seen this move so many times we see the buying But they just fail to move price higher Okay, and they make lower highs in here. That's where we were and it's already unfolding, but we have to be really careful there We've seen this move so many times like uh in the order flow You know, we're looking for these buyers, but if they can't make higher highs Then The sellers will come in and they'll move it back into other ranges now This did break out from this little range here. So this is a little different here Okay, but they did not We wanted to see the breakout here right here at 92 and a half Or 92 on up into 94 95 Okay, and i'm still looking for it here looking for it right now Okay, looking for those buyers to come in right here at 91 and a half Okay, there they go. Let's see. Let's see if they can reach it now Okay on this one. I would have a super tight stop on this. It has to work now If it doesn't I'm out. I'll look for the next rotation Okay, or or consider like going short Okay, like right now. Yeah, I'm out. I'm out Okay, and also we got a little bit of insight in here Buyers up here not so many buyers on the retest up here Right, that's where that's what we're talking about kind of these lower highs or equal highs in here And you will you'll see these sellers bring it right back down Okay, so now down here We just we just made a lower high and a lower low looking for sellers here Let's see if we can get them down into 88 and 87 Looking for them Okay Not not abandoning the whole side of the bind right now I'm looking for sellers to the bottom of this range here. Okay, and this liquidity down here Okay, we gave the buyers a chance. They didn't show up. We're seeing some selling coming in Okay, let's see them drop it down to the bottom of the range Let's zoom in here and let's take a look Boy, it was it would it turned from a you know, this beautiful beautiful bullish session into a very choppy Time and some interest really interesting order flow right in here guys And you can see even the stop run after all of that absorption in here by the Uh by the sellers. All right, let me get to some questions in here Uh, the t stands for a transaction or trade On the icebergs on the on chart icebergs Okay, if you see the t is and it's above Uh the price then that was a sell iceberg if it's below it was a buy All right, let's see it sellers. Let's see it drop it into this 80 Uh 87 and uh Maybe back down into 84 here See how see how this one here even though we have buyers up here They couldn't they couldn't muster Even an equal high here Right. This is really choppy in here Okay, so what we're looking for if they can't do it. We're looking for sellers to try to break the bottom edge Here they go. They should break it here Okay, and then we can also look at some of these other areas. Where are those where these strong moves initiated and down into these areas here So just in front of the v poc here Around 85. I don't see much liquidity down there all right, so This is a battle in here guys. So they mean really like, um You know, we're looking to see who's in control and you just you cannot really judge it in here uh On balance, there's more buying in here than there is selling Okay, but if they can't make higher highs we can we can look for sellers to try to drop it down into these lower levels here And they did at least to 88 or below 88 Okay, they did make it down here to 87 and three quarters Okay, they tested the bottom of the of the range and they they even broke it, right? All right, so let's see here if we get them because now we're it's it's it's really back and forth quite actually quite a bit of buying here Okay, so we're going to flip on that If we get buyers up here Okay, because there's quite a bit up here Okay, and we're looking for a move at least to test some of the the highs in here Now it looks good. Okay. Let's see it though. Let's see it. They got to commit now. Look look again See I don't like it now Here's why our structure again. They they failed to even make it up to here Structure makes a big difference in here Higher highs higher lows or lower highs and lower lows It's just choppy They broke this one here and they had the advantage they had the edge here And and here they didn't take it Okay, there should be should be softness down below We should get a nice stop run to the downside right there guys. I know this is fast it is choppy though, but All of this buying in here will be a stop run here and it is as you can see So again now leg one. Let's see them try to push it for leg two here Cell side there's softness to down to the downside here So looking again for sellers to hit it here. There they go Okay, and then our leg two Right there there again Is that flag pattern we're talking about before? Okay, so leg one pull back flag leg two All right And then this is this would be of course. This is a scalp But you'll see it on all time frames Okay, so you could take some off And and then to have your stop at break even on something like that now. I know that happened quickly in here Right and we're trying to read it. We're trying to read it And who has the edge in this range by reading the order flow Once we start to see the sellers come in and and the exhaustion up here Sellers starting to come in We know That this buying failed to break it higher They're they're gonna have to be sellers down here So we're looking we're anticipating there to be a stop run like this and like this Okay That was it though. That was the move we're looking for just that okay, and now We've had we have to kind of look at the order flowing here in it and and Start to look for when that when that break may happen Okay, we know that the buyers could have done it here Right in here the same same thing. They could have done it here though Uh, same thing through the downside, but uh, they they just they failed to do it Okay, then we saw the softness in here We saw the selling pick up here. We're looking for the break Okay, now You you got your pullback here on your flag pattern and the continuation as well Okay, so what? It's a little a little scary for me on these kinds of pullbacks on on these breaks here Uh, just because it could be a false breakdown and then a move right back up All right, but that's the risk that you're gonna have to take Wow Wow big big stop runs to the downside we should see now Okay Yeah All right, so we got even a continuation here Looks like there might be a little news in the market Um, here's why look at these areas of liquidity in here Are starting to dry up So there might be some news uh geopolitical news. We know there's not in the calendar, right? Uh, nothing's going on in the calendar I don't think Hold on a minute. Wow huge huge stop run Anyway, we don't know this is gonna unfold But we we we saw I mean it I know it it is last second, but you we see it all the time And we look for the move and the carry through Okay, and it did and then down here I would have I would have taken uh At least partial profit Maybe all profit okay in front of in front of the v pock Right, and I would have missed that then Okay, but there we noted the softness in it and this is something to go back and and look at your trading plan Uh, and uh, if you if you notice that softness and on the on the um on that buy side Uh, then maybe uh Revisit it and look for um trying to capture these uh these other moves here You know leave it open don't take full profit now that you got to take risk though Right, you can't avoid that Right, so so how do you how do you manage something like that right? You got your move Okay, well, let's suppose you let's suppose you it would have been a really quick market sell in here probably You know it looks horrible right down to 88 But you saw this you saw the weakness on the buy side Um, and then you saw the selling coming in they're going to push it and uh So let's suppose you got in here Um, you even if you got in here with a heavy heavy order you could take some off down here That would be you know a scalp for sure Uh, maybe you look for your pullback in here, but maybe uh in here You know you're you're still like you're looking for leg one and your leg two Uh, and then take your partial down here. This is one way to manage it. Okay, we're We used to just talk about one move here and move your stop to break even now We've been talking about more of these bigger moves of uh leg one and leg two Uh, and because uh, we're looking for the sellers to take control Uh below the range, right? So it's a breakout a pullback and a continuation move That's what we're looking for, right? So, uh, let's suppose you got in somewhere around here 88. Let's mark it up 88 Okay, and let's suppose uh at that point, uh, you were looking to on leg two after seeing this big volume And you're front running that v-wap. Uh, you took your your your partial profit there So now Take a look at that We got in there Your stop could be up here Okay, because your your first leg and profit Guys, let me get rid of some of these. We're just going over trade management considerations. Again, this is not financial advice uh for trading Or trade recommendation. All right, that's important Uh, because there's so many different ways to do this Uh, if we want to be able to read the order flow and apply it That's what this is all about and that's what we're here for Uh to gain insight from the order flow Bookmap is really good at offering this kind of transparency into these kinds of moves Uh, and starting to understand them at a deeper level Okay, that you're just simply not going to see by looking at your candlestick chart in here You just won't see it. It's just all over the place in here And you're just kind of guessing Here we're looking at something very specific to unfold Okay, uh, and uh now if you took your uh partial profit down here Stop at break even maybe here 88 Uh, where do you take your third? Okay. Well, you could target high liquidity down here. You could just let it run All right, so uh in this case if you just let it run And your stop would be up here Like you didn't get stopped out Okay, they they they came back came back with a little vengeance here, but it didn't hit your 88 Okay, or We've talked about these because we've seen these continuation moves a really nice continuation moves is consider Taking your your partial profit now your your stop break even can be way up here actually Okay, break even on the overall We even have a an add-on that does that is with it comes with global plus It's this one here the break even point Okay, and you can You you can you can look exactly where your break even overall would be it would have been up somewhere around up here All right, so uh anyway Yeah, let's let's take a look here and see what's going on. All right. So here's our move down through that area Let's zoom out bigger picture here And let me check also questions here Scale out positions. Yeah, and also scale in uh stefan Steven How do you enable vpok? Okay, so um You have to open up a column in book map Uh, and it has to be a volume or trades counter or quotes counter column All right, then then uh You have to also select it here. Okay, right click right click in here insert a column Uh here, uh, and then right click in that column and change it into volume Right click again and change it into session volume accumulated All right, and then right click one more time in here and then Select configure column and then you'll find it right here Okay Let's see score box Score row box, um What can be said about supply and demand levels? Well, um, we're looking right at them, uh, and it's really, um It's a great question Okay, this is the again context. So right here, you know, this this is supply. There's no question about that This is this is supply Okay, now there was more buyers though aggressive buyers here They traded into this supply And they had enough Volume pressure to trade into it and through it by a little bit. Look at this beautiful pullback here To where it broke out from in this small range in here and this is another flag pattern leg one Pullback leg two and then another pullback here Okay, and then another leg here You can even look at these measured moves in here. Okay. This is probably going to be equal to, uh, The the the breakout in here or maybe top to bottom here is going to equal top to bottom here Let's take a let's take a quick look in fact We'll just go to line here Yeah, pretty equal right again I'm not trying to make this stuff up. Um is due to the order flow here It is the orders that make up these pullbacks see where it pulled back to and these buyers came in in here This is why All right, and then in here is kind of iffy, but then you see the buyers really take You know pick it up here You're looking for it to break up in a nine sixty two here and that liquidity that supply up here All right, so you're supplying demand levels in a strong trending market This is indicative of it. You see these areas in here that can act as targets Uh, and you can see how it slows down the market And it pulls back, but you still find more buyers Okay, so it's that context again of understanding that there seems to be in the trending in this trend here There seems to be more buyers trading into high supply and through it and we want that kind of context we want to also read the pullbacks and this and the um The structure in here. See how this is making slightly higher lows in here And slightly higher highs and we're getting volume on the buy side in these levels here We even see a spoof in here type of activity And there are still more buyers now. This is raster after the cash open. So it's a little different There's just a lot of activity going on in there. All right, so anyway, that's uh Hope that answers your question about supply and demand Okay, it's context. It's really about the context. Okay, so let's let's take a look back now at what's going on in here And i'll get to more of your questions here, but it's really that context okay, so strong move to the downside, okay And stop runs all the way through basically And then now look at the buyers come back in and we're starting to break these little highs in here Okay, well buyers, let's see you now move it back up to 83 and then 85 here Maybe a little bit higher above v poc here. I'm in that essence. This is kind of Um a mean reversion type of thing, but you know just back to the high volume node basically Okay, and now one of the things in here and this is where the stops in icebergs can be really handy Is to understand that the majority of there's a lot of not the majority, but there are a lot of stops in here lots like a thousand Or more uh contracts in here stop people getting stopped out And we know their stop orders This is kind of like a vacuum here. It's not really true selling Therefore we're looking for it to fill This is like a gap fill So i'm looking for buyers again here Okay, i'm looking for them to trade up into now this area right here right right now I'm looking for it. Okay, and then maybe a little bit higher Maybe we can get a little more out of it up into 85 and maybe up into here 80 86 and a half or so Okay, so let's take a look at this leg one well, and it's it's really Yeah leg one here now looking for leg two here. So yeah up into 90 85 here would be a good area to Take some off 80 maybe 86 this liquidity up here a little shy of 86 Again understanding the condition of the orders in here Right, and that's why we're looking for this to float higher It was a stop run Okay, looking for buyers to trade it back to these areas here. All right, so Still looking for it. Okay, let's see here Back up to 82 and a half. Let's see if they can do it We want to see them trade we want to see them transact up here again All right, that's key. All right, let me get to these questions lots of questions in here today. So this is this is great. Keep them coming And Let me see how's it going over in discord. We're doing all right over there All right, so I couldn't couldn't find these guys even bring it back up to 82 and a half Let's see actually this is a full retracement all the way back down to where they bought here Or even here. Let's see Okay buyers, let's see you lift it now and looking for the the You can even look for a move back up to here 82 and a half Right after this pull back here Look at the bid here. That's good. They're coming in here now. That would be the target then Okay, we might not get to 82 and a half. We're looking for it to here 81 and three quarters Boy, I don't know. I'm still looking for him to be honest. Um I know we get we just had a strong Uh cell move here. Okay, we're gonna back up to here Low volume pull back on that pulling Equity here at 78 reaction with sellers We got our buyers here. Let's see Okay buyers. You should be able to take it back at least back up to 81 Let's see it. Well, not yet. Not yet. Can't even get to 80 All right Now this is kind of the similar thing that we saw before softness in here. They're buying but they can't lift it Okay, so if we get our sellers down here 77 and three quarters look for the push through And that's what we're looking for that scenario here. They come now They should be able to push it through into 76 and a half or a quarter here Okay, we should get our stop run that we did All right, and let's see if they can continue now. This is the scenario we went through We saw that we know that the the the high this was the higher Higher time frame. It's not really that high of a time frame, but we saw that this was mostly stops This is a kind of a vacuum here We we see the buyers come in and these are real buyers Okay, a lot of them, uh, and there's some stop runs to the upside here in here uh, but uh, uh, so there's a possible vacuum here on the buy side too But here's where we're looking for them in here. We didn't get them We saw that softness again like we did before and if we get our sellers down here, we're looking for the push lower Right, we gave those buyers a chance. We're looking for that scenario. We had unfolded didn't So we're looking for the opposite and the push back down and you can still be in this one here Okay, maybe maybe you wanted to take some off here. Um, you saw that in here at 78 It's a market sell into this liquefied is just one of the possible scenarios here for trade management Okay, and looking for the other one back down into uh, this liquidity here at 73, but Maybe bottom of the range here Okay, or this liquidity here at 70 Okay, so that's so that's uh, where we're looking for this to go Right, we're looking for those buyers in here didn't get them saw the softness saw the sellers come in Now we're looking for the follow-through to the downside Okay, 73 You know that could have been a possible target Okay, or you want to hold it and look for a bigger move here into uh, this liquidity down here at 70 Uh icebergs and stops here. Um, these god, I'm sorry guys. I got to get to your questions These are really good questions, uh, and uh need to be addressed. Um So let's let's let me zoom back up The first one was why we're about the stops and icebergs in here. They're on different axes All right So that's uh, so but what this gives me it's it's it's based off of the summation So each one is like cumulative volume delta If it's a buy stop, it's a positive number if it's a sell stop, it's a negative number and it just adds them together And it gives us the output just like CVD does It's the same for icebergs. That's the way I have it set up here is my settings Uh, if we go up here To stops and icebergs um I'm using summation here some and some for stops and for icebergs Okay, what that gives me I'm it's very different than scott scott likes to use spikes Um and have the axes be the same and he's looking for that understanding that Uh Context I like it a little differently. I like the context of the Different axes, but I have the the context in relationship between the two Was this a big iceberg compared to a big stop? Well, they're going to plot them on different axes. So I'll have that context I hope that answers your question Aloha crypto surfer Uh take profit, um icebergs and stops Are a correlate, um confluence Okay, it's it's not to be used as a signal This is important And now scott's actually using it as a signal, but he's in a very different way. He's looking for a massive Stop run and then what happens after that? Okay, but it's still he he's it's not he's I actually not using it as a signal He's using it as it's time to now pay attention To that stop run here What is the order flow after that stop run? Okay, so for example, this is a stop run to the upside, right? But this is this could be a beautiful flag pattern here up into 85. All right, so let's watch Let's see because what we're looking for if that to be the case Uh, we're looking for buyers up here around 78 Here we go. Here's some exhaustion here looking for our buyers here and now back up into 80 here Okay, top of the range or set 79 ish Okay, so looking for that scenario here even though that this is a stop run Okay, because it's some some pretty strong buying in here. We've got our pullback already Okay, that's that's uh not working out Okay, down to where this uh move initiated though This is some wicked chop in here uh today It's really um kind of all over the place And this is some pretty strong buying okay right back up to here at the sellers Very nicely brought this down still haven't hit 70 Okay, interesting. All right, so again softness here on that buy side Okay, look at the buying in here and failing to move this higher here And now we're finding our sellers now this one. I don't like as much Okay, likely the move is down into 70 Okay, but we're below here and now we're seeing the extension. This is our pivot point here Hey, but this one. I don't like as much the reason being is we're we've already seen some pretty big moves To the downside Okay, so this could be a failure and then back up above the pivot point here And see some buying Okay, jordan. Thank you some interesting bond sales sell-offs Uh score box. I hope I uh answered your question about the large lot tracker I I I really like it. We've had it forever too. We've had it for a long long time So iceberg. No, um, again, I think on the icebergs. It's it's it's just understanding that it's a larger player there um that is Getting filled like right in here. They're getting filled right pretty big iceberg orders Okay, but that's it that again it's it's context in here. They're getting filled and they're still getting filled. Look All right, so Uh, here's our here's our move into 70. You know some of that We broke down below here and we're looking for that continuation But didn't really like uh like it so much because we're already down pretty low Uh, but here's our move right here. Look at the stops. Look at the the relationship here lots of icebergs lots of stops Okay, great. So let's go through a scenario What if we get buyers back up above here at 70 and a half Okay, if I'm looking for it, I would jump in here I would look for taking some off at this liquidity here Or maybe a little higher here immediately Okay, so there we go. I'd be in I'd be looking for taking some off here Okay, because we got to get you know, we're looking for uh, these ranges in here Okay, so there there it is there you could take some off there again. This is not a trade recommendation Okay, but uh, I'm just going through reading the order flow and then how to manage consider managing a trade around that Uh, and still looking for a continuation here 74 right Okay, and this is where I got additional insight From that potential move due to the relationship of stops and icebergs here Okay, but it wasn't a signal. It's just like, oh, okay I understand a deeper level here not only the order flow, but I understand the order types that are transacting Down here and that gives some insight All right, that's that's some good insight Okay, so, you know reduce some risk in in it still And uh, stop at break even right here at 70. Okay now I may even give this like I we were saying before May even give this A potential to run further Okay, because we're we might get a deeper pullback here and then I get stopped out at at the overall break even Okay, which would be here Okay, one way if I was uh, if I took some partials here I would have been stopped out at break even and I made some partial Okay, if I uh held for a bigger uh position here, I'd still be in it basically Uh, but uh, just kind of hanging in there by a thread Okay, my stuff would be down here around 88 uh 68 and a half Okay, and Yeah, it's it's it's got to work out now Okay, so there's a real time example in here, but just it's an example, right? Uh, rhythmic depends on the cost there. You can go to book map marketplace. I can show you where Uh here Okay, uh Let's see here We'll just go to book map.com to begin with Okay, and then under more click on that and then go to uh marketplace here Okay, and uh In here, you're gonna have to look for rhythmic or do a search for rhythmic That's not it. Okay And here it is here All right, so you can get rhythmic from rhythmic is directly from rhythmic. I mean it's they're they're the they're the Vendor here, uh, and then here's the different Um, uh prices in here cme 39 dollars cbot and cme 78 Okay, or 39 for just cbot 9x 39 Comex 39 you can add them all together like this or Why not if you're gonna do that just get the bundle for 99? All right, so that's where you can get it here All right guys, so let's still this is still in play, right? If um Now the different couple ways to manage this yet again. Okay, maybe you maybe you add it into it here You you took partial here You saw the break back up above here and you added in here and took some off again up here On a totally separate trade Right, or maybe you're still in it from this trade here All right, it depends on what works for you, but we're reading the order flow getting some insights And then looking for Something to unfold in that direction due to the order flow Now the stops in icebergs gave us some insight here some additional insight very nice additional insight Okay, we're at a low we see a massive stop run. We know there's lots of buying here of icebergs Okay, and again taking some off at the top of the range here is not a bad idea Okay, if you got in here you're looking for it up to here And we're just looking for higher something that will give us higher probability Insight all right, so let's see what else Okay, uh, Tommy I went through lots of stops and icebergs there. Does that maybe answer your question I'm trying to get I'm trying to get through them as as you know as many questions as I can and we covered a lot I hope that if you have another specific questions, uh, please please let me know Okay, lots of questions on stops and icebergs today Guys give it a try try it for a month Uh, you know, uh, we've got a great educator scoppulcini who's, um Looking very specifically at it Yeah, jordan that softness and and that softness on and then and then just not finding other buyers here We've seen it curl over like that so many times, right? We're looking for it. We saw the strong move We're looking for them. We're looking for them. We always assume After a strong move that they're going to come back in and support it here Well, what if they don't what if they can't move the market? That's where we find the sellers here and we look for the continuation, right for them to move it away Because then these guys are going to be it's going to be a stop run and indeed it is right right here All right guys, so here again, right now Where where would we uh, well you'd still be in it basically You know if you if you took this in here Right and your overall or if you you know, you took some partial and then got stopped out and then got back in You know, you're you'd still be in it or you're in it from that kind of overall trying to give it some room To run here, right? You'd still be in it Looks great. Look look for 80 up here Okay now now This is pretty strong move Okay, so let's let's reconsider uh taking profit up here at 80 Here's why looking for a strong move looking for a pullback And then looking for another strong move up into maybe 85 Something like that It's already done one pullback here And that was the stop run though and then a pullback. See how see I can read you can really read these orders in or this Price structure was created by the stops Okay, now we have icebergs on the other side actually taking some profit here interesting dynamic All right, so we got that relationship here. So maybe you want to reconsider Taking your profit up here or if you're going to look for that that move back to 85 here All right. Well, let's take a look. Let's read the order flow for right now. I have no reason to take profit I note this I note it, but that's it. We're just just noting it Hey, we know that this is a dynamic, right? But we're the order flow here hasn't told us anything more than that Hey, this is a Uh, what do you call a subset of the order flow? Okay, the order flow is here on book map. Okay, the the three elements on the chart That's what we want to read first. This is what rules the day here It really it really does it makes up all the moves It makes up the moves even on the on the daily or 15 minute chart It's all about the order flow a monthly chart. It's still order flow. It really is that's why we want to understand it And book map is so good at showing this on on very low time frames very low like right now We're looking for the continuation here Right. There's our breakout Pull back already. Let's see if we can get a continuation buyers here And then to move back up into 83 Right, even though we saw this in here Okay, we don't have a reason yet to to to utilize it We had a reason down here to utilize it because we're at a low. It's filling these areas down here Right, and they're they're scooping it up and people are getting stopped out at the low So we we had more reason in here more context They up here. We're we're we're actually looking for that context to unfold up here like, you know, stop runs in in icebergs We don't see anything right now Okay, still in it Right. It's I wouldn't I wouldn't be there's still structure here. That's holding Okay, so it it's still it it came back and retested here But it's making a lower or higher low here and we're looking at the buying coming back in great Okay, well, they should be able to break it here, right? Here's our flag. All right one leg one pull back to maybe here And now let's see if we can get leg two They're looking for buyers here at 81 And now the move higher Okay, now what what gives us insight to to that move is is it's really again back to structure and volume within that structure Okay, that's why it's it's the behavior of these orders in here Right. Look at the buying pressure. All right. Where's the liquidity? Where's the supply? It's up here Okay at 83 and three quarters and and above the vpok here at 85 and a quarter and and at 85 Okay, our context of stops and icebergs coming coming into play now right So we're getting a little more a little more insight here Okay, they are starting to uh, we've seen people get stopped out We haven't had the big stop run here yet not like this Okay And again, I don't know if I covered this note how an interesting this is here Look at this move here and then the the pullback like this This is the stop run All right, and then here's the pullback and then we still more buyers up here. Boom. We're looking for the move higher Okay, and then here we're still looking for the move higher Okay, even up into here right Now here's here's some some profit taking Right or some selling ice Okay, so Let's just zoom out. Let's get our bigger picture approach here Okay, so it's back to mean reversion trade here or back to the poc And now this is not a bad area to take some profit Uh, the the one caveat in here, uh is um or here maybe um The one caveat up up here is like We went through all of this back and forth in here But we're still just looking for this this this strong move to the upside Okay, so You know there's there's justification for not getting out yet Right that all of that softness that we saw in all of the all of this here Okay up here remember we saw the icebergs in here. This was pretty pretty good stuff Right here. Let's draw our line They're at 90 36 90. Okay, all the all that um iceberg Selling up there and all that aggressive bind up there All right, so if we can get back up to 90 and above 90 all those buyers are good, you know, if they didn't get stopped out Then this is this is going to be a pretty strong move to the upside Anyway con again context All right putting together these pieces um Okay, so you've got rhythmic data and ib sure uh goss two so um Now connect to to um to rhythmic and uh, uh, open up your trader workstation and ib Make the connection there and then what you want to do is use this tool here under uh, when you open up the trade control panel here In book map, uh, is this one here right if you right click in here You'll see the um, in fact, we can remove the panel, but it's called it's called um The cross trading here A panel Anyway, it come here to target instrument. Well is telling me so in here you're going to select your your target instrument and your cross trading Okay, you'll you'll add your um, ib in here as well your ib uh instrument in here Okay in book map But then you'll trade from the rhythmic one and but your trades will be routed via your ib Okay, uh crypto surfer you got the mbo bundle yesterday excellent Yeah, yeah, enjoy Uh ask questions guys like the the insights are fantastic. It's it's it for me. It's I think it's rather amazing to to Comprehend that we're looking at not only the order flow here Uh, but the order types Okay, the next thing to see would be what accounts are linked to the orders, but I don't think we'll get that kind of level of transparency ever Scorebox, let's go through exactly what a stop run is in here. All right. I'll show you in detail It's fascinating stuff. It's just part of the market mechanics here And you see it all the time All right, so uh guys, this is still looking good, you know This is like a strong move our pullback strong move our pullback now We've got to see buyers up here again For that move up into 90 right and then that moved to 90 to maybe 3700 Okay, so uh If you do not see that can that's where you can kind of consider taking your profits All right, and then just look for the next one look for the next setup All right, so um Anyway, that's uh, let's show this stop run here The mechanic I'll go through the entire mechanics of a stop run And there's this is a fantastic example right here Okay, and let me now there's two uh indicators you get with the mbo bundle Okay for stops in icebergs. There's the sub chart here, which is down here Uh, and then there's the on chart Right here, and that's the one we want to look at here All right, and then I'm going to open up this one here and uh, we'll show all stops here, right? Uh, and then we'll wait for this to populate you can see the red text here is Some data that's populating Yeah, I'm going to go through this because it's it's important um to understand this this is um Hopefully we'll have a few examples to go through uh, and um Let's see if we can uh Boy, I really love to see this current market here Uh, and see if we're still going To the upside here Yeah, it's still doing it Anyway, um, let's let's take a look at these stop runs. All right, so Um, there's one there's one followed by another in here. This is a big one. This is this is a huge stop run This is a larger player puking Now i'm speculating on that Uh, but and now it could be it could be lots of other little stops along the way It could be a combination larger player puking. Uh, it could be Like I said both So it's it's a combination of things it could be Why I think it is a a larger player getting stopped out here or maybe they're hitting, you know market Maybe they're entering, you know market sell Whatever the case is they're moving price against themselves Uh, we know that the transactions are stops. That is a fact. This is just fact And we know precisely when that happened here too. Look at look at where that unfolded. It started right here So this one here After this transaction here it either the next one either triggered a stop or it was a market sell by larger players uh larger player that and that also likely, uh Triggered a bunch of stops along the way now In this one here see this little red line in here That indicates the stops where they started to transact and where they finished and then it's uh, Punctuated here by the uh red dot and the 879 which means 879 Transactions in here were stops look over here Okay at your Uh, uh your um chart range volume profile is nothing but sell transactions Not one buy by transaction in here. Why is that? It's because this was one singular event that unfolded in here Okay, look at look at best bid and offer over here See how they updated later In fact the best offer updated then the best bid updated Okay, and move down to here. This is the vacuum we're talking about when we talk about that vacuum and stop runs Actually, it's really interesting order flow because look at someone else came in and not they wanted to be a seller below this here So kind of cap it off here and get filled On the bid or on the offer here looking for a next drop Right, they're not they want to get filled. They're kind of right front running the vacuum here They're getting filled here. This is a wicked. This is wicked stuff. You know, this is what we're dealing with uh, maybe it's maybe the the the algo here is Maybe they're reading the on balance Volume and then they they they the the algo looks at and says we should sell a ton of You know hit the sell stop and then throw in limit Sell orders right underneath it here. Who knows right? We know the order flow. That's for sure Right, and this our large lot tracker also shows their their position in here Okay, so we got multiple things going on in here Anyway, we know this is a singular event Okay, it's one event Uh now we in within this event. There's multiple things happening though Okay, it's a singular event because the move happened the the transactions occurred and then the update of best bid and offer Unfolded. Okay, so if you have a thousand you know orders to uh to um Sell well, you're gonna move you're gonna sweep the order book Then you're gonna get filled on that last one thousand Then best bid and offer is gonna update that's the same thing happening here All right, so from here it was even here onwards here onwards was a stop run all the way down And i'm speculating on it being a larger player with other Now other other traders within here. Let's suppose you put your stop loss in here someplace You are going to be slipped and filled at the bottom. This is what happens The larger order gets filled first And then whatever is whatever happens within that area after that larger order gets filled Then the other orders uh transact Right, so let's look at one another one that that was in front of it here Okay, which was also a stop run Okay, that's actually the big stop run There's another one in here Yeah, yeah, look at this one here Okay So this is this is fascinating stuff. There's an iceberg algo This is wicked stuff. I mean It is it this is how these markets work. Okay. This is a good example uh This algo Is working It's iceberg order on the way down and following down on the on the uh on the offer and getting filled all the way down on the offer here right now it's It's get where i'm sorry. It's actually getting filled on the uh On the best uh On the bid Yeah, and again, this is a singular order here Right now this move here unfolded and then the stops Happened right here So what i'm saying Is this move to the downside was an aggressor Uh in this case it's um Yeah, this i'm gonna have to go over this this is really interesting stuff in here We'll have to i'll have to take a look at this 10 50 uh today Uh and and get some more clarity on this because you can have a um A limit order act as an aggressor so this is Goes into a deeper discussion in here, but it's worthy to go through it um When you place and you can it's possible to place your limit sell order on the best bid, right? uh and If you do that unless suppose it's like a a thousand lot Well, it's gonna sweep that price level, but only that price level And what's gonna happen is Your your order will will sweep that only that one price level and it remains on the Uh on the best um or now it remains on the best offer right because price has gone down one the best Bid has gone down one tick So if this is this iceberg is acting like an aggressor All right. Anyway, let's in fact this this is a more complex thing. Maybe I'll cover this in a separate event or a video for you guys uh, because uh, let me actually um Uh, I want to take the we'll we'll just not cover that one right now I want to just cover the stop loss or the stop run So anyway, the aggressor came in here and hit market sell Okay, and in this case it was an algo working iceberg working as an aggressor That just followed followed followed all the way down and then what happened after this when this event unfolded in here Then the stops got filled Then the best bid and offer update. So this is one event again Okay, now there's a chain of events that take place within that one event and that's the stops Which could have been here all the way down there could we don't know where that stop was or these 42 that were stops There could have been multiple on multiple levels in here What we do know is all of those stop losses got filled at this level here after this aggressor's event took place So that's your stop run and there's two different examples there. These people got stuffed Down here and they got slipped a very different than the other one Really great price action here guys. We'll have to go over it. Um, uh, I think a different time Okay, but it is fantastic stuff All right, anyway, let's take a look. Let's zoom back out. Uh, and look at our higher time frame here All right, what has unfolded right? We talked about this Uh, and this possible scenario in here move back to here start to note the stops and icebergs If you want to take your profit in here, you could have it's a nice trade back up into this area here There was something more to it though Uh, we were thinking we were thinking there's a possible scenario to get back up into this area here Where we saw all of this buying up in here, right and all of that absorption by a cell iceberg In here That is our 90 level. We marked it up. Where did we go? Okay? We went even above 90 Okay, we went and we even went up to the top of this range in here It was up to you. You could still be in it, right? You could still be in it now God note the stop runs in here. They're massive. Here's another one. 366, uh, 5, uh, 92, 3 10 250 I mean huge. I mean all all sorts of people are just getting just annihilated in here on this move to the upside All right. Anyway guys Do you like this kind of education? I I I hope I answered your question in detail about the stops Uh, and I don't know of any other software is going to show that kind of detail And I mean visually I mean just beautifully show that Uh, and um Yeah, the deeper insight and transparency, uh is what you're getting here Okay, you guys like it. I mean Um, give us a like on this if you could. This is Uh, if you like this kind of education because we'll go over more It I in my opinion, you know, we've been doing it for years, but it is rare There's other other, uh traders out there. They don't they don't cover this kind of education Uh, they and and mostly it's because they they can't because they don't have this kind of visualization Uh and to understand these these markets at these deeper levels like this Okay, but the and the key here is once you start to understand markets at these deeper levels Uh, it will enlighten you you will see the markets totally differently But you will be able to bring back now all of your other studies in the past really, uh That's what that's what been my experience here Is I was like, wow, so that's how the markets work. Okay Now I understand like a head and shoulders pattern in a totally different light I understand volume profile in a totally different light And uh, it was uh, yeah revelation for me And um, we're happy to go through this for uh with you guys to show these details. So i'm, thank you for the, uh Um The feedback here will go over more and more market mechanics type of stuff in here And we will continue to go over uh higher applying that to the higher time frames, uh as well All right, and then also some possibilities and considerations for your trade management, but come to the, um Wednesday and thursday scoppelsini and jay trader webinars, uh for uh going over very specific trading Styles their trading styles. I went over two or three different ways to trade to consider trading this down here And the reasons for the consideration due to the order flow in here Right, and then how to reduce some of that risk along the way Uh and then look for the next setup, right and then the potential scenario here for the, you know, even a bigger move here Due to previous order flow Right and that that area up here where we saw it, uh all that absorption up here by that iceberg All right guys, thanks so much for coming. Thanks for subscribing And you can get alerts uh for uh the upcoming webinars, uh and Add some comments in here, etc It give us some feedback in here. We'll go over more and happy to to train you guys on on anything related to uh order flow trading uh answer your questions Okay, tim you want to look really learn more about risk and reward. Yeah, we can go over more in that Uh, in fact, that's a huge subject. Uh, it's um, so important Uh, I brought up the point last week With Any trade that you take? Uh, what is a part of that trade any trade? Right, what is something you cannot avoid? And I'm just uh bad in uh an answer if you can Oh, thanks, he Guys, uh trader he's uh Uh over here on uh book map. Um In the uh discord a moderator. He's been a long time book map user Monkey butt. Thank you Burt. Thank you guys. Yeah Yeah, you may want to come over and continue conversation over in in discord. Uh, lots of good stuff happening over there. In fact, what we have Exactly you guys risk. You cannot avoid risk. You've got to accept risk so It begs the question Right, and that's the proper you I'm kind of a stickler on that one. It's the the proper uh, uh syntax of of uh begging the question Right premise a If if you have to accept risk, then what how to how to beg what you know, what is what do you mean by by risk? what is You know, is that in flux there is there a problem with that premise? No, there's not Therefore, uh We should all be really good at risk management Okay, because it is a it is a very important part of your trading. So We look for an edge. We have to have an edge and then secondly, uh, we want to um, Uh Apply risk management to that edge Okay, and that that's where we come in and we journalize our edge over time Uh, and we uh enhance it And we enhance our trade management And then we can capture We become experts at it. We become experts at our our edge of what we're looking for and we become experts In trade management. We'll do more Uh of that as well tim. Thanks for uh for asking the question Yeah, if you're looking for more to three to one, etc. Well Yet again, I mean like uh, you got to you've got to accept your uh your risk Uh, so uh, you you could uh, uh, then down here if you saw that Well, I don't know. Maybe you place your stop below here and you're looking for this move back to back to 85 and poc right here That's probably more than four four to one or five to one All right, and then that would give you justification for taking your trade All right, again measured moves is another way uh tim uh to to consider those flag patterns That's why I've been going over those flag patterns as well All right guys, thanks so much for coming. We'll wrap it up. Uh, tom b is next He's a volume profile trader. He's already been going for the last like 20 minutes or so so, um, uh, if you guys want to continue With your education here in order flow and book map And get a perspective from a volume profile trader. Stay tuned And uh, you'll see it here on our youtube or just uh, come on over to our youtube or our discord channel Thanks everybody for coming and we'll catch up with you next time