 All right. Good morning traders. Welcome to the book map live trading webinar. This is Bruce at book map And we're gonna go through live market analysis in here We do it every Monday Tuesday and Friday at 10 a.m Then we have live trading with J trader for stocks on Wednesday at 10 a.m. In Thursday Scoppuccini For futures in live trading. So This is all part of the educational course that we have it's online It's all free. This is the the follow through we have the course that goes through the concepts here Of order flow and learning order flow and then this is putting it to the test in the live markets We have a really Diverse group of Professional traders Trading here on our discord channel. It continues all day long. So we have For example Hold on. Let me get we have the Algo boys at at 230 to 4 But let's get to the advanced webinar here. Here we go and Right after this webinar, we have Tom B at 11 30 East Coast time. So we're an hour and a half and Then we have right after that we have Doug Doug plus he'll be going through options And then right after that we have the Algo boys So it's a quite a nice lineup of Streamers all day long with him book map And this is all free if you want to come to our discord channel All right, so I got to go through the disclosures and then let's jump right in to the live market Let's see here 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 involves 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. We've got a big week ahead so a Lot of data coming out. All right, so this is Going to be Interesting week always, you know the first of the month the first few weeks of the month is all mostly when The most important data releases come out. So there's going to be some volatility here and let's Well, let's cover it. Well, we have FOMC. We have a non-farm. These are the two biggest They're going to be in the same week So Wednesday's FOMC non-farm is on Friday so We're gonna get a lot of volatility and Let's take a look at technically what's going on within the in the chart here So that we can kind of get an understanding of what's going on We have the daily here candlestick chart on the left the hourly in the middle here and on the right-hand side We have the 15 minute. All right, so now we can see that this has been You know for the entire month here of January We see this nice bullish move to the upside here Really big area of consolidation down here and this was end of the year all of December basically and then Now at December 12th. Let's see. This is December about December 16th to For around the first of the year is this cluster and and Consolidation period here. Here's our breakout on the 6th or 7th On January the retest backup here and then the and then the move back up. Alright, so on the daily chart We're still bullish until we see something different, right? That's We're in an uptrend here on in least in this time frame in here bigger picture is another story Like here's the swing high This is kind of an equal high here at least here and then right now it's so far. It's a Kind of a well, it's definitely a lower high And we'll see though if there's momentum to come back up here and retest it That's what we see on the daily chart now like like we said There's a lot of data coming out this week So that's gonna this is gonna radically radically change. I would imagine So here we have the hourly we can see this very very strong bullish move The other day here on the what the the 19th or so 20 is somewhere around in there and then we can see that This is last week. Here's the gap down. We filled the gap And then moved on up continue to move on up really strong moves in here And then here we have Friday where it closed at the end of the day and then it gap down Opened up down here right bouncing off of this 40 50 level as you guys can see and We're coming back up right now Looking like very poised to fill the gap up here where it dropped from on Friday So that would be around a 40 83 or so all right in the S&P And that's what we're looking at right now is the S&P all right 15 minute chart same thing Here's the gap around that 83 level And it looks like market still we see a little red candle right here at the moment here, but Yeah, it looks like it wants to fill it all right as it is right now from these candlestick charts let's look at book map though and Let's see what What other additional insights we can get it looks pretty good here for these sellers to try to take it down now And where might they go? Well, we'd look for pullbacks to some of these swings and low volume nodes. It's already doing it so right around maybe this 68 or 70 level and Already getting a bounce out of that as well, okay, so Let's just make these volume dots a little bit smaller. All right so anyway Yep, that's We went over we went over the higher time frame and now let's go over the current Market and what we see here Okay, so get really into the details now and we'll block up or mark up and block out the The structure first so we're still kind of in more of a medium term Time frame and we'll get into the the lower time frames here and look for the order flow All right, because here we go. So here's the consolidation period Here is the breakout And let's just see that's right around that 930 that makes sense We get the breakout here We get the pullback to the top of that range and the continuation right into high liquidity All right, so and that high liquidity here has transacted You can see this move into This liquidity in here some of it pulls some of it trades and looks like majority of it traded up here at 65 And then we get this nice beautiful pullback And then the bulls come back in And we can look at again market structure here It's so important to understand market structure and then the order flow within it So if we mark that up you can see here's another consolidation All right, and here's the breakout here Here's another consolidation And then here's the breakout here now look this is a deep pullback here very deep But we're still bullish here. It has not broken this swing here So it's still trending up Okay, so what we can do is is start to look at some other market structure in here as well We can look at some trend lines And I just start to get a feel for these swings in here and where Price might go based off of some of these swings in here Okay, look at some price channels again It's about the order flow within these areas here that we really want to comprehend That's what's going to give us the insight. Okay, so as it is right now Sellers coming down. They're gonna look like they're going right into this 65 66 area here And then now it's getting interesting. All right, so We have some technical levels right here, for example Okay, and we have this horizontal line and we have this Diagonal line and we have some liquidity here. Okay, so there's buyers lining up here. All right So let's take a look at the order flow here now Let's look at more smaller time frame structure and understand where price might go. It's so let's make some more Kind of diagonals in the counter trend here Okay, so great. All right. So here we go. Let's see if we can get some buyers here Okay, and let's see if these guys pull their liquidity here And to try to get a move back up to 70 71 Okay, now this is smaller time frame stuff But we're going through the same kinds of education here. There they go. So yeah, they pulled and we're getting buyers All right, so let's see if they can reach back up to Well, this I don't see much liquidity in here. I'd still say maybe the swing around 71 and Maybe that's it on this move okay, so This was the scenario though. We were just just talking about and they pulled the liquidity here the buyers came in And then moved higher on up. Okay now Just looking for that move here and that's it for now, right up to the basically up to this little swing right here And it just did it. Okay, so But just understanding this move here in the context of the market structure now this move here Yes, that would be tradable if you're ready and poised looking for that at that very moment and Different ways of getting involved into that trade It's very small time frame But what I want to cover here is this move in here is No different than when you look at and zoom out and look at the higher time frames. That's what's really important is to then look at the same types of Order flow activity, but on different time frames and that will give you a Higher probability Outcome if you can start to align these fractal moves Okay, and the market is fractal meaning very simply that these smaller time frame moves Are very similar to the higher time frame moves. It's just more trading data Over more time How do you know it is traded and what is pulled Richard, this is a great question and that's one of the beautiful things in bookmap here All right, so let's just demo this here and I'll try to go through it quickly because this is a You must be rather new to to bookmap and understand what it is displaying All right, so here's the limit order book over here a COB stands for the current order book at this 69 25 There's a hundred and fifty limit cell orders here all right And down here you can see there's a hundred and seventy and two hundred right it relates to this Color in the heat map meaning it's high liquidity Right this heat map colors up here here. Let's just make it really bright for now Red and orange very high liquidity then yellow then white blue and then black now. I'm just gonna make it transparent here so it's just We can still read it here but Just not have it blaring at us here. All right, so this liquidity in here Did it did it trade did it pull well see how we went from here 150 to now it's 90 90 right 90 contracts so here you can see how the heat map shows you that that liquidity is pulled by the graphical representation in the heat map Okay, so they pulled it away from the market. They do not want to be sellers here with their limit cell orders any longer Right and it's in the face of these buyers You're coming right up toward them now. Let's let's Analyze the this buying pressure that's coming in here. How big is it? Well, look at the size of the dots now. It's a graphical representation. You can get these very specific Information if you use the data tip tool and hover over these areas. This is for volume of 22. This is 25 This is 21. Okay. What about this big red dot down here? Well, that's 300 in two What about this one here? That's a hundred and ninety two this green dot So this move here, like how much do you believe in it? It's doing it and we were looking for the bounce here But it doesn't seem like there's a lot of traders behind it compared to these other areas in here and some of these moves So there's our representation. It's doing what we were looking for And this is how to read the context of it Is there here come the buyers? They're pulling here Well, it can maybe come up a little bit higher maybe up into here or here, right? and That's what we'd be kind of be looking for And then if we don't get enough buyers anymore up at these areas We're gonna look for it to come back down And look what happened here So these guys pulled on the bid and these guys added on the offer and we get sellers Okay, so the sellers came back down and traded Now this is important to stick with me here Look at this area of consolidation on a smaller time frame and look at the breakout Look where we've pulled back to where it broke out from Do we find more people on the bid here or do we find? More sellers or buyers in here aggressive sellers or buyers in here and right now I don't see much of anything really. I don't see them on the bid though They're down here on the bid 66 or 66 and a half, right? Okay, so based off of that Likely I would I would look forward maybe to continue on down a little bit lower here okay, and Yeah, maybe maybe test back down into 66 liquidity down here. Okay, did we get it? Not really not not yet. It's just going going back and forth in here Okay, now look look here now now we see that on on the bid they're starting to bid up Okay in here And also here. Okay, so there's these are buyers. This is demand limit by orders showing some interest in here Now the question is What does price think or the aggressors think of that? What is this? You know, do do sellers want to trade into this area here and make the deal happen? Or are they just like ooh, I see there's a lot of demand coming in them in the market. I don't want to sell anymore and Maybe we find aggressive buyers up here and they'll trade up to 70 Okay, so that we got to go through a couple different scenarios in here. So do we find those? Do we find buyers up in this area here and a lot more? Then we're gonna likely come up and test this liquidity if we don't and this this demand in here We actually it attracts sellers like here at maybe 67 and a quarter or 67 here Then I think we're gonna trade back down into these areas here just because we're understanding the relationship of supply and demand Okay, so that's it So those are the two scenarios now the scenario that's playing out right now is we're finding sellers Okay. All right, so now right here at 67 we want to find a little bit more sellers and then we can drop And we don't find them now these guys are back in here. So it's back and forth in here, right? So we're not getting a really good read right now on this supply and demand We're reading the auction the intent of traders within this auction and this information here Is telling us well, we're not really too sure Right, we don't really have too much insight right now Okay, now now we got we found these buyers and they they lifted it and went above this area here Okay, are we gonna get a breakout see how this now? Has turned into an area of consolidation But we see a breakout Okay on volume on on high volume now is this a stop run it is We have a stops and icebergs here Okay, so Do we get like do we see a lot of sellers come right back in? Yeah, we do actually right back into it Okay, so now the question is here it this is kind of like a It's a false breakout and then we know it's a stop run too All right, so go through a couple scenarios either We might get sellers. I'll be looking right here where these buyers broke out from if we get sellers here like big red dots I'm looking for them to test into these lower levels here. Okay, and And pretty quickly test into it We may come back up here at 69 and we may find more buyers if we do Then I'm looking for 70. All right, so it's based off of the scenarios in here. So let's see what unfolds here Okay, well, we didn't get those sellers. We're getting buyers here interesting. All right, so buyers up here Do we still get buyers up here? Not really. All right, so it didn't give us the full picture here So yeah, kind of kind of stay away from it Here's here's some buyers up here a lack of buyers Let's see if we get sellers here at 69 and then we can get a move back down to this Kind of high volume node within this range here. Okay, got we found buyers instead Okay, now we're getting the sellers Okay, and now do we get sellers down here at 67 and three quarters? Yep, okay Let's see now if we can get these sellers to move it back down into 66 and 65 There we go There we go. All right now I didn't know about this is obviously in this is not hindsight because I didn't know what happened here in the future It is in the past though. So we'll do it in the live market as well. So we're all about caught up to live market Well, actually it turned into a really nice cell move as you guys can see we were just talking about it here, right? Anyway, that's the process Richard I am and then to understand these areas here did these guys pull or trade they traded This is what it looks like when they trade. So let's just zoom in here. See how they traded right into that high liquidity Here's our high liquidity and here are limit or market sell orders hitting that bid right into it Okay, so that transaction happened these guys on the on the bid in here got what they wanted and they transacted 182 they're long the the aggressor is what showing though here in the red dot as well as in this volume profile Chart here or column All right, let's see here. I hope I hope that was it was a bit of a review there But just to understand what book map is showing and how to start to read the context of the auction in here Okay, thank you Richard and Let's see here Alejandro and iceberg can be a stop order or profit-taking No, no an iceberg an iceberg it can be profit-taking for sure, but an iceberg is iceberg transaction or order is it's very similar to or behaves like a limit buy order or limit sell order The only difference is that it's hidden from the order book. You do not see it. Okay, so But it's a resting order All right So it's not it cannot be a stop or a stop run is something very very different. Hey, those are those are Similar to market orders It's just that it's a stop when it when it is Touched it will turn into a market order And that's how you can get slipped as well because because it's a market order Anyway Let's go back to current price action here All right, so all we've done now has come back down and tested this Swing these two swings down here and we see a bit of a bounce And we also have that trend line that we we marked up in here So it's getting kind of messy in here. So let's clear all these And this one's still holding though. So we can still keep this one here. All right. So anyway, all right Did you guys see the? Webinar last Friday Let me show you it here it was really great and It's here, let me show you where it is. Okay, so if you go to our YouTube channel and you scroll down here It's right here from Friday. So how to trade with correlated markets? I was I introduced well, we've I've introduced the tools before but I showed how to use the these new tools we have trader map pro and also our market pulse Tool so anyway, this is You might want to go back and review this one and and see like it's somewhere around halfway in in into the Webinar where we saw we basically caught the bottom of this move here. Let me show you where this Yeah, I think it was this move Here yeah, it was this move here. So the on the 15 minute chart this there was this move up To the this swing high this move back down and then We were watching the order flowing here very carefully We caught the move to the downside or look for that move to the downside And then we weren't quite too sure and then we saw all the sudden these correlated markets all popped at the same time And we got a beautiful move And we're looking for the move just up to like 80 at that point just up into here because that's where the liquidity was But you can see this move worked out all day long all the way up to the high so it was a Really interesting to see that in the market correlations captured by that market pulse tool So let's do that again and and so you guys can we can hear the market and and see The price action within the S&P but look at the correlated or hear the correlated markets as well all right, so let's jump over here And let's see. I this is gonna be great because we're at an inflection point here in the price action right now All right, so let's add the market pulse. We also we were looking at the trader map pro tool here and Looking this is a filter here. You need the MBO bundle for this But it filters the liquidity in in the order book to ten or more in this case I made the filter for ten or more this one here shows a hundred or more Okay, so only show me orders that are a hundred or greater and they're down here at 50 Okay, or they're up here at 75 right so anyway interesting Chart to be able to really look for those longer term bigger players and Where they're providing liquidity? All right, so this one's looking at 10 or greater So they're down here 52 or 55 here basically Okay, so this is getting interesting. Look at the sellers coming in All right, and let's get our market post tool because I'm looking for the sellers to hit the bid hard into 50 and 52 and a half Okay, so Looking good looking for these sellers to hit the bid here Now I'm we have to go through the other scenario in here and that would be the trap. This is the trap here And then buyers back up above 60 And this is where that market post tool is going to be really helpful. So let's add that in here Yeah, here we go. We got it all set up still great Let's add that add that add that and add that All right, so we're looking at volume pressure in here okay, I That's what the the market pulse is looking at and that means that there's a look back period Let me let me describe it here. So and let me show you more information about it as well but we're looking at Basically within here, let me just open up a small one here for the ES Right click on it and go to settings. It opens up the settings here in the widget is here This is sellers. This is buyers and this white line here is the threshold That's that 70 percent here. Okay, if I make it down to 50 and hit apply You'll see or 37 you can see now. It's down here at 37 All right, so I want to bring it bring it back to 70 and hit apply All right, so I want to see really a lot of sellers or a lot of buyers come in here All right, and then then I want to get some insight Now we have a half-life period and training period Let me go over these two settings in here. So you understand what you're looking at The half-life period or no the training period means it's a window of five minutes of data a Sliding window always a current five minutes of data always And then based off of that There is a half-life period. So you might get a spike in volume and then there's more volume But it always retraces back Toward zero with a half-life of 10 seconds here So what that means is like, you know, you'll get this kind of spike And then like if there's not another spike Well, you'll see the the buyers or sellers here. It'll kind of dwindle back toward zero right, so that's a way to kind of Look for and in control the spikes is by by doing this retracement half-life period Okay, kind of like a moving average but in reverse Exponential moving average but in reverse anyway So let's see if we get get any signals here Or some insight here. So we're looking for Something around this area here and we don't see any spikes right now You know, we're looking to see what it when buyers and sellers might come in and We're not getting much or now that the correlated markets that I have listed here up in this In the market pulse tool I have the ES I have the NQ Okay, so looking at a correlation there. I have the Russell and then I also have the 6e Okay, so looking for You know if there's going to be dollar dollar strength or dollar weakness in here And if that if they're buying the 6e If if a lot of traders are buying the 6e and they're buying the Nasdaq and they're buying the Russell I'm also thinking they're going to be buying the S&P and we're looking for the move higher And we have a higher probability That that move will unfold if all these correlated markets Are moving in the same direction as well. Okay, this is a great filter here To be able to use and understand Okay, so our move what we were looking for earlier was 55 And then this 52 and then and maybe maybe 50 the figure down here That's exactly where we are right now at 55 still looking for this 52 and a half and then maybe 51 down here. Okay, because that's where the liquidity is and we're we don't see buyers yet All right, so let's take a look at and and start to understand when buyers might come in because these are pretty important levels of liquidity We didn't even look at that. That's a pretty aggressive trend line, but Nonetheless, all right same ideas. Okay, so now Let's let's see if we have high liquidity down here sellers are still moving the market and are in control Now the question is and let's get rid of the candles. Sorry guys I was demoing the candles, but we can go over the candles again as well if you like I love looking at the the candles with book map. All right, so we're we're looking to see if We we we get some buyers in up in this area here And then for them to try to lift it higher, you know, who knows where like maybe back to 65. Maybe this liquidity up here around 73 or 4 and we don't see him yet There we're finding sellers Still looking. I'm still looking for them to trade into these levels here. There we go There's 52 and a half still looking for lower here And let's get down to maybe 50 Okay, we have no reason to think otherwise right now Okay, and our correlated markets are all silent right now so just go with the trend and You know, it's pretty pretty mellow right now Okay, we're not seeing a lot now. We're starting to see you. Sorry guys. I forgot to turn the volume on here Let me show you where the volume I can unmute it right here for individual markets But let me show you there's an overall If you scroll up here, there's the overall toolbar up here And if I hit this one right here mute all widgets, you can see that It will mute them or unmute them Should it unmute them? Oh, I guess it doesn't unmute them. All right, so we got to do it individually, which is fine There we go. All right, so now we'll hear the market when it crosses these thresholds here We will hear this market pulse sound off. And that's what we're looking for is When not just one but multiple markets and that gives that'll give us much deeper insight Let me get back to the questions. I've been kind of ranting here for a bit. So let's see here if you have any questions Yes, you do Sorry guys Get to that Okay, good morning. Follow me. So you're new to book map and you're a CFD trader Your scalper exclusive you trade the Dow Yeah, you can use you can use the Dow With market pulse no problem. Yeah, that's another another one. We can add in here here. Let's let's add it in Okay, create go to market pulse add-on create Here's the new one up here. Let's select a market from it. I Have to open it first. Sorry Yeah, all right, so hold on a minute first. I need to open it here Go to rhythmic And we're not we're not gonna we go to the COB for the YM and then we need to input the YM H3 Okay There we go. All right now since I've opened the the symbol here And the YM All right, let's take a look Let's add the market pulse There it is here and Yeah, that's fine. We'll keep it. Let's go to volume pressure They're all on volume pressure. Yeah Okay Great and then and then we need to hit the play button. Okay, and then a new widget pops up here. Okay There you go Let's put it here. All right, so we got lots that we got all the stock index is correlated Or in market pulse and we also have the 6e so looking at the dollar index basically, right? All right guys, well look, I mean Pretty good insights Pretty good insights here. We didn't hear, you know buyers come in Let's go back to our trader map pro We didn't hear buyers come in Therefore we stick with the trend and continue on And that's that right so This market post tool gave us good information here by not sounding off Okay, now we're getting it's getting really interesting now though. We're down at these levels in here Let's let's take a step back and look at our higher time frame here Okay, look at this here right down below these swings here on the 15 minute chart If we never filled the gap like we were looking for okay, it came up to about 77 And then look at the heavy selling coming in and now we're below these swings here on the 15 minute chart Okay, that's good Let's see now if we get more Sellers in here or we're gonna get buyers start to come in below this swing Okay, so let's let's take a look Hey, that's those are the two scenarios. We're looking for I think we're probably gonna see some well We'll wait and we'll see and we'll let market pulse pulse And in the market order flow here. Tell us Okay, so here's exhaustion by the sellers here That's a good sign right there and we're starting to see buyers interest here. Okay, that's a good sign as well Okay, and we're up at the 50 50 figure here half figure 40 50 And there's high liquidity there and now we didn't get enough buyers to trade into it yet, but it looks like we're gonna And let's see if they take them on there they go. All right, so now you can hear the NQ As well as the ES sounding off All right, then they cross the buyers cross the threshold Okay, now let's let's Be real careful here though. That's good, but that's only two markets Okay, so We're looking for like a better correlation here. So here we go back up here Now let's see if we get even more markets here the the ym Starting to start to show some interest now there. There's more sellers here actually More sellers more sellers on all of them. Okay, but this is just too low for Yeah, I mean make may continue on lower It is Okay, but but let's just go through that. I mean that the trend is continuing here, but we're pretty low And I'm wondering when we're gonna get some buyers interest come back in here Okay, so I'm looking for that now the dollar Looks like the ym is picking up Okay, and that's leading then nothing else is following right now. We see buyers come in the Dow Now sellers come in the Dow. There's some exhaustion. All right, let's see. I'm looking for these buyers here Let's see if we get it in this s&p. All right All right looking for these buyers to try to lift it back up to here at 50 So what how how can you take advantage of this here? well Interesting looking good How how you can take advantage of this in here is when you come back down to these levels in here And we're looking for those multiple correlations. So we got the ES the NQ That's it right now actually Okay, look at the Russell now as well. Okay, this could turn into a strong move Okay, so we've come up to the 4050. That's what we're looking for down here, right? All right, let's see it buyers Let's see. I want and we're looking for these correlated markets and Just a flurry of buying to try to lift it back up to maybe 54 here Maybe 58. Hey, they're buying the NASDAQ traders are buying the ES That's it though. So follow. I hope I answered your question in there and let's see prickly's in here today, but retracted his messages Anyway, you were you were helpful on on Friday and we're looking for those those moves around your level there See now look at them buy it traders are buying the dollar to Or are selling the dollar to buying the euro. Okay, this is all good for continuation higher Okay, we're up to our 54 area. That's our level. We were kind of looking for here and 58 was our next level, but they pulled that liquidity already up here How do you change the sound in market pulse? Yeah, sure. There's all sorts of sounds in here by default And let me show you where they are and then let me see follow just wanted to see if Confluences index. Yeah, so so yeah, we're going over the confluences in here And All right, so the sounds in here So right-click in one of the widgets and go to settings All right, here's where you can change the sounds down here at the very bottom click on on this And you'll see these different sounds in here and You know see what you like now you can see like it says sounds 101p And then 101n. All right, so that's the positive for buyers and the negative for sellers Okay, the related sounds 101 and then just the positive and negative. All right, so choose what you like the book map will or the market pulse will basically Assign a new sound to an to a new instrument Holy cow follow you just made 30 points on it. That's excellent. Follow it Just wanted to let you know though like we do we do not advocate trading This or this is not a trading room here At all This is this is about Reading and understanding order flow and being able to apply it to your trading. It's an order flow room It's not a trading room, right? Really Our goal in here is to Introduce many different trading styles And then you pick and choose kind of what gravitates or resonates with you And then you need to test it You need to do your due diligence before you hit the button to buy or sell and I'm not trying to give you a big lecture or anything I'm just trying to Define what this room? Is about And what our community is about all right, so this webinar here in general is The foundation for order flow When when I'm finished here and in another like half hour or so then you have access to a Variety of other professional traders who are using order flow as well, but they're trading in a very specific way So for example, you will come back in here and come to the traders lab with Tom B. Who's a volume profile trader? Okay, after that you have options with Doug Ops he dug it's right here in the voice channel in our discord. That's also on YouTube. They're both on YouTube as well, I follow them there or come to the You can see it here in the lineup. Here's Tom and here's Doug Okay, and the algo boys are after that. However, they're not here on YouTube, right? so Anyway, the what I'm trying to get across here is that We're reading order flow and then understand these concepts and apply to any mode of trading the way that Doug trades the way that Tom trades the way that the algo boys trade All right, so this is a Kind of interesting here So Buying the euro, but nothing else. No one else is following suit here. All right, so that's kind of interesting. All right, so Nothing to do until we see those correlated markets start to align here, right? Okay, if we get those buyers in here, they should come right back up to 55 Okay, they are but I'm not I'm just seeing the Nasdaq and the S&P here I'm looking for the move up to 55, but I'm only seeing two two markets here So, you know, it maybe it's a quick scalp. Maybe you reduce your risk extremely quickly on that or And let's go through this because this is important how to how to really apply it Maybe, you know, you would be looking this is something to have to study though And you have to manage the risk on it is like is it a high probability trade? We don't quite know yet. Actually it might be We saw that traders were buying the euro dollar. That's a good start. Okay in this little area down here That's a good start. We didn't see the buying in the indexes yet The S&P look pretty good, but then the Nasdaq look pretty good, but the others didn't but What you can do is get in a position around in in these areas in here Look for it to trade back up here and take some off If it doesn't work out, you could have a very tight stop loss on something like this Okay, because you're looking for the stock indexes to catch up to that euro dollar in this case Okay, the foundation was laid here in the euro dollar, which we don't see here in the S&P Okay, now do they follow suit? Let's see right up here. We're looking for all of these markets S&P Nasdaq Russell and YM to all pick up right here at 52 and a half and then boom up to 55 Okay, and then maybe even higher All right, that would be the scenario here now if you're in that position You have a tight stop loss Okay, because maybe they all turn around go the other way But at least you gave this a shot Right, and it was based off the euro dollar buying in here now see they're selling euro dollar And and yet the S&P is going up so something's a little off there Now Russell's picking up so this is back and forth action. We're not getting exactly what we wanted here Hey, so does that make a higher probability trade? Well, it still could trade up to 55 and maybe they all correlate up here at 55 right, but you would have been in here and We're not too sure, but you had it You had some reasons for getting involved and maybe taking some off at the top of the range here, and that's it and maybe looking for a runner and Holding when it gets up here and you get deeper insight here. So do you understand like what I'm trying to get out here is the There's different ways to look at this and kind of play the market Based on these correlations for a higher probability trade to unfold at this point up here Right up at 55 now now you could have taken some off here at 55 and hold the runner Okay, does that make sense guys? I Think this is really good stuff. I mean I really like these The combination of this trader map pro that we're using Look at this. They're all correlated. Now. This is the scenario. We just went through Okay, so let's see them try to trade up to 60. Let's see if they can make it up to 60 Dax is moving up to Ben. There you go. You can use the Dax as well with this Ben Okay, follow. Yeah. Yeah. I just wanted to I didn't mean to like be so, you know Pedantic here didactic on You know trading it's just like we do not advocate trading in this room or like unless you already have your trading Plan that is in line with what we see in the analysis here Right, so that's really the key because like just taking shots from the hip in here Just like yeah, look at the order flow boom, you know It I don't think it will serve you well over the long run and we're we want to serve you guys really well And we'll go over many concepts in here that can be used for Creating a trading plan and that's that's what we really want to do Richard you said Doug could you explain? No, this is Bruce More about the 6e Yeah, sure. Well, so the 6e is we're kind of using it as the dollar index and it's not so just note that immediately that You know I want to make that point immediately because the the 6e is You know, see you're all compared to the dollar And it's a especially it's always a great It's typically a great Correlated market to look at The dollar index is a little different and it's probably better to look at The dollar index though you have to subscribe to the ice Exchange and it's like 200 bucks a month So what you know up up to you if you want to do that or not It's going to give you a little deeper insight because it will be a basket of currencies Okay, and 60% of it though is the euro dollar All right, and then it's the pound and then it's also the swissie And I don't know I don't know what else makes it up. I think that's that's it something like that So Now the correlation is now this is really where the the yeah, you could also use the Nikkei Richard no problem The I don't have it up, but you can absolutely use it All right, so Now the correlation with the euro dollar or dollar we're looking for basically dollar weakness or dollar strength and The correlation is very simple If the stock markets are doing well Then people are I mean typically They're buying stocks. They're not buying dollars God, I shouldn't say that that sounds it Yeah, let me try to be more precise Instead the dollar is more like safety When people when there's volatility in the market and the market's going down People will get out of stocks and they will be buying dollars. Okay dollars safer Right, that's why it's the same with bonds people get out of stocks and into bonds instead Okay, you can look at the bonds market here as well as a correlation. It's a that's the classic correlation to be honest and Look at the tenure Versus the ES you know, so Maybe we'll get there And try that maybe tomorrow or I don't know soon but Right now we're looking at the stock indexes and and seeing if they all kind of correlate looking for a strong and powerful move All right, so anyway If the if the stock markets are going down people Typically go to safety which would be bonds and the dollar. Okay, put it into the dollar So that means there's dollar strength when the markets are going down typically All right, and that's what we're reading here in the correlation with the euro dollar So if we see them buying the euro dollar that means they're not buying the dollar They're buying the euro which is more risk on environment, okay, if they're if they're selling shorting the euro dollar means they're You know shorting the euro buying the dollar Looking for dollar strength and we're looking for a sell-off in to correlate with the stock indexes. Okay, does that make sense? Okay, he's got really quiet over in discord. No one's a no one has any questions. All right, let's continue on Let's see what we get here And let's let's take a breather and step back. Let's look at our higher time frame here So we were looking for around this level here Buyers or sellers. This is exactly what we're looking at on Friday. It was prickly that was Looking at some of these areas in here. It was at down here at 67 And he was saying no, it's gonna be there's gonna be buyers in and at that time The order flow was not telling us there was gonna be buyers in it was gonna it was telling us There was gonna be more selling then it started to flip around and this level that he was looking at Played out really nicely Right, but we saw it in real time We saw all markets hit at the same time with this correlation with these correlated markets and market pulls And it was great. It was great to see that. I you know, we heard it all unfold and it was like a flash buying spree here and That gave us a lot of insight and you know, we were looking for a very conservative moves at that point Here just just up to like 80, you know, I think 77 or 80 And look what it did, you know, it was the rally for the day rest of the day Okay, so anyway, that's how powerful this move was Based off of this market pulls information that we got with the correlated markets All right now, let's let's take a look at this move in here. All right. It's kind of all quiet right now So what do we have? Well, we don't have much Right. In fact, like we might get some sellers here. Let's see At 54 and maybe they they'll drop it down and retest like 52 or 49 here and we're just not getting much Okay. Yeah, here comes some sellers S&P only up and Nasdaq Okay, why am a little bit? Not enough for me You know, we're still kind of in an uptrend here So Not really looking for a follow-through in that move yet In fact, we can get back up above here and find our buyers Around 54 and a half and then we can get we can get a move higher still And where are we on a higher time frame? Well, no no real insight here, right? Okay, they're buying the ym Traders are buying the ym and honor. Let's go down to a five-minute chart here Actually, this is zoom in a little bit more and let's look at one day here Okay So we just we what we followed was this little move up here, right? So far and we know this move here so far like we were looking for it We had our higher time frame level But we're looking for more follow-through than than we got so far So we might get a retest back down to 52 here It's only a couple points So anyway guys, this is a really nice tool. I really like it here We'll be using it in these webinars to give us deeper insight and Within the order flow here, and we're also using that trader map pro Here to get us to give us deeper insight as well Looking at ten contracts or higher. Okay, here's the difference between the ten contracts or higher here Let me put in a time frame Hold on five minutes Okay, look at the buying Nasdaq Yes, that's it though. Okay, and then let's look at this one here in five minutes Okay, looking good. We got the Russell now on board as well. All right, we should get a breakout up into 60 here Let's see it Let's see if the dollar index to there, you know, we see traders buying that so we're getting alignment here Okay, so we're looking for the higher move Okay, it's gotten up to 59 so far still looking for 60. They're still buying So we're looking for a continuation and then all quiet here Okay, so guys, I mean this this correlation thing is just working out great for us here You know, we're we started to hear that and we started to look for this higher move and It's doing it guys. Can you even on discord? Can you just someone write something in there? That's all I know that this is working. I'm looking at the right The right chat room. This is just something seems off here. I know if you guys can hear me Okay. All right. Thank you CMJ So technically let's see Richard. So you're saying is Not only is our move into 60 guys there we're up at 62 and we still see more buying here Okay, so we're still looking for higher here 65 We got the ym we got the Russell Nasdaq and ES Alright, so let's go through this question here. Technically if there is selling on the euro dollar we should see selling on Bookmap have I interpreted it right? I wouldn't I wouldn't just define it that way. I Would say it more like this If you see selling in the euro dollar Okay, that means that they're buying the dollar It typically means that there should be selling also in some of the stock indexes not book map But in some of the stock indexes Hey, it just means that if we're gonna go with that correlation now correlations do change and and this is where Richard I want to be very clear here about how markets We think you know how markets work is if this is not a math puzzle Hey, it's about, you know participants in an auction So just because like the euro dollar is selling off hard doesn't mean that The S&P is going to start selling off hard either Okay, correlations can change as well But you need to study the correlations and and start to understand them and start to understand the markets in general Yes, if in this environment here, we see that the euro dollar is selling off Typically, we see the stock index is also selling off All right So now the way to play that would be to look at or one put one way to play that would be to look at these correlated markets here And then look at the order flow in the ES and get some alignment here, right? So our alignment was high liquidity in the order book here at 55 And we said 60 and then and then we just said 65 or so right something like that So if we get buyers, then we're looking for those buyers to continue on higher up into these areas here and then now you can start to Quantify your risk With the the heat map and your stop and take profits All right now that's something to study though and look into and that takes work How do you turn where to set the threshold line? That's something to look at on your own follow I played around with it. I'm just going with the default of 70 and that's it So play around with the settings And let me let me show you how you can do that as well okay, so In the ES for example, we'll do that here because that's the market We're looking at right here and I can open it up down here I have stops and icebergs I'm going to deselect that and I'm going to add Well, I'll right-click on the ES and go to the settings here And then it's right in here in the sub chart that we want to look at here, right? Selected so it should be available here. Hold on. Oh, it's on the Trader map pro. Yeah, okay. I have it set on on the trader map pro actually, okay? No problem. We'll go we'll go here That's where actually this is funny. I've got it. I actually have it set up Kind of incorrectly here I'm gonna Sorry about that. Let me let's let's do this here. So I've got it actually set up on the trader map pro I'm going to set it up for the regular ES chart here and So we can look at it in the ES down here. All right All right, here we go Hmm should be showing up here should be available. Why not? Oh I'm on the trader map pro. Okay back back here. Sorry guys. And there we go. All right. So now we got it And let's get rid of stops and icebergs here. So here we go. And this is this is how you can go back and Well, you're welcome Richard No problem calling me Doug I'm really glad you're watching Doug's Webinars. I think they're just excellent. I Keep saying some of the clearest One of the clearest setups and strategies I've ever seen And it is a killer All right, so anyway Here's how to how to play around with the Trader map pro and then and I'll show you where you guys can try it out And it's still for free for a couple of more days It'll on on Wednesday the first it won't be free any longer. All right, so Anyway, we'll go over that in just a second. Let me show you how to play around with it in the sub chart down here This is great. I have a visual not just a sound Output here for the ES in the In the ES sub chart here So I can start to understand. Well, this is when I got signals here on the buy side Okay, when it when it crossed the threshold here it turned green here here and here Right makes sense. So this is where it was selling and it crossed the threshold down here Okay, this is the line here is at 70 percent. So I have a visual output as well This is where you can gauge it and play around with it. All right. What time frame are you trading? When do you want to hear these? Thresholds crossed So, you know, for example, like maybe Maybe I want to hear it more often. All right, so let's go up here. We'll right-click on it go to settings And then we'll bring the threshold down now. Look what happens here Okay, look how the threshold threshold is now at 38 percent and I get many many more signals here Okay, many more green Crossing or buying crossing the threshold or selling crossing the threshold now How much is that helpful for me? I don't know not not maybe somewhat helpful. You can see there's This is where it's not helpful though. I'm getting buyers and sellers buyers and sellers Right. Here's a little helpful though. This is where buyers came in now. This is where sellers came in So there's a kind of a distinction there or this is where there's just sellers in here. That's pretty good, too All right So play around with it also play around with the half-life and look back or training periods here as well So let's see if we get some selling up here or down here, I'm sorry 63 Selling on the YM That's about it though Don't like it then, you know, I'm looking I want to look for something where all these are aligned here So this will keep you out of so many trades This is and this is the beauty of correlated markets So what if the YM is selling off? That's great. I want to see the other selling off too now the S&P starting to NASDAQ's not So you're getting conflicting Signals in here or you know messages here. All right. Well here we're looking for sellers here NASDAQ's picking up a little bit Okay, does the S&P not yet? So, you know, do you want to get become trapped volume and and and take a swipe at it here? No Okay, look at selling Euro dollar now. We knew that one was leading before right? And now do we see selling in some of these other ones probably the YM will pick up first And let's go to settings here in this S&P and let's bring it back up to 70 Okay, NASDAQ selling off All right, let's see. Let's see here. We got the ES came back up here Looking for sellers right here at 40 or 61 and a half looking for them looking for them and Not yet. All right, let's see if we get them here All right and looking for the drop Let's see it drop down into this liquidity here and maybe 59. Let's zoom out here Let's look at some of our levels. I like 59 and takes them off at 59 Make sense Okay, maybe it can come down lower, you know, we might get a bigger move down down into 53 Okay, so now we have the NASDAQ selling off the S&P selling off The YM starting to sell off to this is great Right and it started with that Euro dollar here. We found that we found the move with the Euro dollar Okay, here that here a Euro dollar again. Look at that Interesting All right, YM selling off All right, we should get a continuation move here looking for it Looking for these sellers here at 59 and three quarters and for it to swipe Sweep the book lower into 59 and 50 58 beautiful Still looking for lower here. We're just looking for momentum to continue now down to this 57 Excellent there we go Right, so now that's not might be a good area to maybe take some off and and manage your trade here Okay, so, okay, let me so trader Richard you're confusing the two different products here Trader map pro is something different than this market pulse. So let's just cover market pulse right now and Market pulse is Showing you what it's this little widgets and Under under the add-ons here market pulse here, right? Okay, so How do you get it? Let's go over that. So go to book map calm and then click on the more button here and There's a two two different places you can get it. So right now you can go to the marketplace I'm sorry the knowledge base go to the knowledge base now You're in the user guide section of the knowledge base you want to be in the add-ons section. So go there and Then in here, you'll see all the add-ons listed on the left So you want to go to here? Market pulse volume pressure Go there And here you'll find it. There's a video. There's an explanation of it And then you can get it. Here's your download links here. Okay? All right, now that's said that said let me show you it on the marketplace here. Here's the link to the marketplace Let's go there This is where you'll purchase it And that'll be Wednesday Okay, so you get it free for a couple more days in here Actually that that linked and take us there, but we can find it in here I'll make sure that link works It will just do a market pulse here Search Okay, and here we go market pulse. All right, so I think I think it's gonna be offered for 17 dollars But it initially I think it's gonna be more than that like 34, but you guys will get a discount for a while and You know get get some feedback from you guys see how you like it etc So this is where you can find it. All right, so let me put those links into the chat here For you guys There's two links. Let's go to back to YouTube there's one and That's in the knowledge base and then the other one is here. Hold on. All right, and here's the other All right, there you go All right guys Nice move But you can see that this is another thing I want to cover in here Understanding some of these moves in here and how order flow momentum works Now this is this is more of a this is like a double bottom signal down here and right into where these buyers came in previously, right? So You know, we're looking for a more of a pullback maybe up to like 58 59 here A double bottom very easy pattern to see after some of these moves is heavy selling some buying up here No selling or very little followed by more buying. We're looking for continuation Right, but what I wanted to cover was not that so much But this one when we saw this starting to unfold to the downside and we had the confirm confirmation with the euro dollar leading The sell-off and then and then the other markets coming in And then we're looking for the continuation now and they continued again in here also with the correlated markets But you can see how important it is that The momentum in here that if there's a lot of sellers that have moved the price We're still looking for that trend to continue And it went down another, you know from this area here at 58 it went down another like, you know Four four or five points down into like 54 ish area here So, you know, you can ride that momentum to this is something to look into In your strategies and testing your strategies Right because and it's really what I'm getting at here is you're really starting to understand how momentum works So this is a pullback here But we know we saw it come in we saw the market correlate correlations as well come in this is a strong move This is just a pullback here like a breather and we're we're still looking for continuation in that move because this is where the strong move took place and not only did the strong move take place here in the e s And this took place also in the correlated markets Therefore you can lean on this more and this is something to look into and study for your pullback Strategies if you don't see Correlated markets buying in this area in here you can short and look for the continuation of the momentum All right, so, you know, you can use this for not only capturing the moves to the downside in them in the immediate term But you can look for pullbacks as well Because you've confirmed this is where the traders are and you know that now this is even more interesting And this is where we'll we'll we'll end the webinar here But I want to and if you guys like this, please hit the subscribe button hit the hit the like button We we really need your feedback. We need your your support in here you know we got boy, I went away on vacation and You know we had You know over a hundred in here and now it's only up to 73 so I got a good I got to get momentum back in here So yeah, please hit that like button that doesn't cost you guys anything and It helps us So and and subscribe to the channel Come to our discord channel. It's free. You all you have all you need is an email We're not going to spam you or anything like that. All right, so a lot of good resources in here now What I want to cover is there's three different setups that we saw in here on this move to the downside And then and the downside move happened in here and we know That there were larger players in here and we we heard it in the correlations as well And we played it like basically we played it to the downside All right, and we're looking for the continuation in the momentum So that's one trade. Hey or one Way of maybe getting involved is to sell with the selling strength here The other one is the pullback trade Now, why is this interesting here is because we know This is where these correlated markets came in and there was a lot of selling pressure If you don't see those correlated markets come back in on the buying up in here This is something to look into for your pullback strategy to Offer a much much higher much higher probability trade here Okay, so look at those correlated markets in these areas on these pullbacks You can even add into and scale into maybe you took some off down here. You scale back in here This is where this this tool can make you a lot of money Or it can do really well for your trading Probabilities, okay now that's the That so there's actually Multiple trades here basically or multiple setups. This is one the momentum to the downside Here's your pullback trade. That's the other one Okay, and then here here is the double bottom here that we saw and Then we're looking for the buyers up in here and we're looking for a return back to where that strength came in All right That's the third Here's your fourth and it's all here in the chart, right? Here's your fourth is here at this little area here Okay, because what you have here Is this is where that strength came in and this is where they're getting stopped out Okay, any of the sellers in here. This is likely going to be a stop run. We can verify it in book map here And it is a stop run. It's not the biggest But it is a stop run and in some of these contracts in here So in this would be your third a setup And that is like the strength away from this area and then looking for a pullback and continuation now What's happening here is this is becoming an important area right in here. Let's just mark it up right in here, right so Maybe I'm looking for a strength or and selling or buying above or below this kind of 59 75 area right here This is kind of an important area for this for this time frame right now All right, and this this maybe it hacks around in here and this turns into a high volume node You know for you know several minutes or hours. We don't know but Or maybe we we these are like trapped sellers down here And we get buyers up here and we see the correlations a line again great We're looking for the move higher not only to the top of the range here at 62 But up to 64 and maybe even higher. All right, so different things to look at in here If I went through that too quickly, this is recorded You guys can come back and watch the recording to understand these these various Potential setups for yourself. Okay? Oh Thanks guys really appreciate the the nice comments in here and Again What I want to get at here in here in this education is we're setting the foundation for you to understand order flow and put these pieces together Tom B is next with volume profile so that you can take this further if you like some of these ideas and If volume profile resonates with you if it doesn't You know, maybe options with Doug will after that You know it or maybe like looking at some of the patterns we've been looking at in here in this advanced webinar Whatever it is like we're talking about order flow and the different Set-ups here within the order flow. All right All right guys, so Yeah, you you guys aren't getting any sound over in In Discord, sorry about that It it should be you I know you guys can hear it in in YouTube All right, anyway Thank you everybody. We'll do it again tomorrow. Thanks for coming and stay tuned for The host of other traders coming up the rest of the afternoon Okay. Yeah, thanks again guys hit that like button subscribe and we'll see you tomorrow You