 Okay, good morning traders and welcome to the book map all markets order flow analysis webinar I'll be your host Bruce and we'll go through Any market that you guys want to take a look at we have a lot of volatility here due to the non-payrolls Any market that you guys want and we want to Go through order flow examples and whatever trading strategy you're using We're gonna look at the order flow to enhance it We're also going to take a look at market pulse today in more detail and how to use use case scenarios for market pulse All right, let's go through the disclosures general disclosure all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results. All right So we typically look at the s&p e-mini futures product and that's what I have up here Let me know if you have any questions Looking at any other instruments, but we'll start here and anyone want to point out the the non-farm payroll event then It's pretty pretty obvious here 830 east coast time right here Good morning Debra and Louise and Paz Let me jump over to the discord as well. Yep. Good morning Rob and Stephen And Stephen that we maybe we'll see if we can go over your your image if we have some time later I wanted to give you some more critical feedback on that so Anyway, and then I'll also explain a little bit more about how we go through that in the book map Academy meetings the more detail So anyway, here's our non-farm. The number was really good The price dropped significantly. Well, you know about 50 points or so You know rather rather quickly meaning that you know a good number is means signifies a rate hike in the next FOMC meeting and That's how, you know Good a good number is actually bad for the market And what it means trying to curb inflation here and Anyway, yeah steep drop continued on a little bit lower hitting liquidity along the way And then a nice pullback move up into high liquidity up here And then a little back and forth in here and then that looks like it's trying to continue on down now as well Structure looks pretty good in here for a continuation down into the 50 here There's a lot of I mean different market participants in here I mean look at the liquidity that just filled here at 55 And now bouncing up to 60 And you know there there we can see the traders activity in here, you know, they're getting filled in these areas here This this area at 55 as well So we're gonna see some back and forth here. It looks like You know, this is these are the transactions that took place and it took place in multiple areas on the way down here So is there still selling pressure? Yeah, there is we can see it in in some of these areas in here So, yeah, still still looking for this kind of downside move, but We're looking at here And want to understand as the context these limit buy orders here They're absorbing or taking on a lot of these sellers And vice versa the sellers are hitting into that liquidity who has more power at this time Is the selling beginning to dry up? You know understanding this range in here and we're in just very simply talk about the pattern That we're looking at here. Okay. Well, we have this kind of wedge pattern here Okay, now in that pattern. I mean everyone knows that this this is You know, it came from this move here We get a pullback and we're you know hitting into these lower areas here making lower highs and and slightly Lower lows now or equal lows. So the pattern dictates. We're going lower Now what is the volume and the liquidity tell us? Well, it makes this pattern a lot less Likely Or we have reasons to believe that this will fail here this pattern So I would just stay away from this pattern here And less the one thing that would look for is trading into this liquidity a move back up and then buyers up here around 56 or so That would be a very nice setup for this pattern failing here We see the continuation down, right? So into this high liquidity here still looking at the figure down here 50 42 50 and then 40 to 45 if we if we get this continuation, right? So And let's read this in here too like this has been, you know, three four point move That's kind of at the especially during something like a non-farm This is You know, it's kind of at the edge here of continuation And and the move lower here If it was two to three points typically we can have it fail and come back into the range and then you know Bounce the other side very very easily It's still, you know, no no kind of clarity in here at the moment the This liquidity getting filled in here we see the selling pressure, but I'm looking for this to be trapped And I would look for that trap up in this now I'd say 55 here and I'd look for these buyers right in right in around here And then a quick move probably up to about 60 or so And you know looking for a big stop run as well on the way up So right now it's just you know, we see that the the buyer is kind of exhausted here, but we'll see if we get another move Okay, so and looking for the stop run here Up into Well the pattern line as well as the liquidity up here around 60 59 All right, so that's one scenario the other scenario is these guys are going to be the trap Trap volume in here buying this looking for that to unfold And we can get sellers back down around 54. Okay, so looking for one or the other at the moment here and Right now I don't see a whole lot of buyers in here I'm kind of leaning toward the move lower into the figure to be honest So let's see if we can get there are red dots down here and then high liquidity In the scenario it would be high liquidity kind of at a lower level in here, you know something like that Let me clear these drawings here we can see price and I've got to look at the bigger picture too, so We'll do that in just a second here. There's some exhaustion. There's our sellers And do we have enough on the hook is the question from the buy side? Yeah, it's okay. It's not bad. It's not a whole lot, but Get it we get enough sellers in here. We can get a nice move. Yeah still staying away from it until it like this right now This is what this is the we're gonna see these buyers test these these sellers down here Okay, so yeah, this is this was scenario It should be scenario number two that we're looking for in here. So playing out nicely now We're getting those buyers up here and now still looking for we'll get a little bit of a pullback here But looking for the move up into 60 Okay, so flag pattern in here it looking for again in a flag pattern. We're looking for buyers right around in here Let's see if we get them a little skew in the book and Come on buyers and then push it up into 60 here Okay, so strong move pullback followed by another strong move in here. That's what we're looking for Hey, here we go, let's see if we get our buyers here or try Let's see what buyers right around 56 And a skew in the order book which is hard to read at the moment Yeah, not looking for it, but not I just don't see it in the order book in here So I'd kind of shy away from it, but that would be the pattern It just doesn't look that great So skip it and look for the next Any questions on this and then why we kind of passed on this? And again, this is not a trade recommendation, but we're looking for something that will more likely play out It's actually starting to look even better now. There we go There's our move in 60. Okay. So here's why uh, there was a pass on this one here Just there wasn't the clarity. Okay, it did it did what we thought and you know, that's why we'll that's why We're here is read the order flow, but now we're going to start filtering things And and looking for something that looks better and So we went through our scenarios on the way down Any questions on that on that scenario and why we we were first looking for that trap and this pattern here to break Which is breaking very nicely now okay, uh and The continuation of the move. This would be a take profit for me up up in this area for sure at least partial at least partial and We might we might get the next level up here at 70 Um, so anyway, let me know if you have any questions and like what what we were reading in here And why it actually looked a little bit better up here to be honest than down here right so In fact, we can extend this line And we can we get more of an answer here basically All right, so we had our our our sellers in here. We had Lots of buyers on the on the bid on the way down getting filled Okay, uh into high liquidity down here. It broke through the level here. This is where we kind of started off here seeing this liquidity getting filled here and then We kind of drew up the pattern in here And then we went through the scenarios in here And this was one of them. The first is continuation always basically I covered that second, but that should be the first and then the second one is Looking for this to be the trap. We talked about the range in here Okay, and how it kind of fit Um, especially for a non-farm. It's you know, three four points four points is getting to the point where Um You know we can look for Uh continuation more than reversal and Anyway, the buyers kind of moved it away here And then it we just went back and forth in here in the range and then we're looking for those buyers We we we got them in here And they did move it and then we're looking for a flag pattern a pullback And let's go through it in all right So, uh, we have the buyers. Okay, they are bidding up in here. That's good Uh, I would have liked to have seen the buy in here and and the entry More a little bit more buying in here would have been ideal It just really wasn't quite enough in here Uh, and then we retrace all the way down and trade into this liquidity here at 55 Um, this is where it was kind of like. Yeah, this is a full retracement here Uh, and there's a lot of selling in here as well Okay, we don't want to see that Uh in this uh flag pattern in here Okay, so a continuation pattern. We want to see a strong move We want to see a shallow pullback and we want to see another strong move Okay, so far you can look at the volume bars in here And uh This this tells tells the tail here. They are bidding up a little bit here And this isn't bad The the volume on the sell side in here is A little bit higher than we'd like to see Uh, we're looking for a low volume pullback Ideally, this would have been the best in here If we got a little bit more buyers up a little bit higher here This would have been perfect and then a quick move up into 60 Uh, we we got a retracement. We still have sellers in here Okay, so if we we come back retest again, uh fails Sellers come back in if we get a full retracement of that breakout here This is where it's just a lot dicier. Okay, and let me bring up the pen tool and cover why So This is why it's a lot dicier in here Is we have um, uh this volume here, okay, which is pretty good Uh, but uh, look at look how this volume in here really starts to uh Become pretty pretty strong, especially you can see it here on this move, right? Hey, so that's not really what we're looking for in a continuation pattern And even in here this there's a bit of volume in here. It's not it's not that high It would be better if it was just lower Uh, and then we're looking for a strong move. See see the volume in here on the other side Uh in this move here, that's where we're looking for this to unfold and we don't see such strong volume We actually have a little bit here. I could do it here Uh, it didn't uh, we got that full retracement. So this pattern has now what we're looking for something very simple Is now convoluted. We're going to stay away from it Right, so uh, it just it just didn't do what we're looking for Uh, and then ultimately yeah, we we got what we wanted here Uh, and it turned into a pretty nice move. Uh all the way has it hit 70 yet No, uh, but it could here, uh, you know still still a continuation here strong move Um, uh strong some strong volume in here on that sell side. So that kind of negates it as well, but Uh, still kind of looking for another strong move move here by the buyers Uh and try to maybe hit 70, but we can see these guys here at 65 or so I've got to get through that first. Uh, so this might turn into a bigger flag pattern Okay, so this now this flag pattern in here, though And it or I should say continuation pattern. Uh, this pattern in here Uh, is uh, again, we're looking for low volume in here and then continuation Uh, so strong move Just a mild pull back and then strong move Okay, these are the things to look for and why I'm going over this in some detail here, uh, Steven is uh, I'm hoping that some of the order flow within some of these moves um Starts to resonate a bit that you um, you can start to see how What we're looking we're looking for something very specific in the order flow to really give us something Uh, more likely to unfold All right, so that that's the the key here and it's the context between buyers and sellers in this auction process That helps us Determine that and right now, you know Yeah, we could see it like we we could see the move that we're still looking for here. It just We'd have to see a tremendous amount of buying back up here though Okay around 62 and look at all the selling coming in and we've just retraced this Now it it may do exactly what it did over here before It retraced all the way and some pretty strong selling in here and then it finally worked out Well, that didn't give us clarity Okay, actually this gave us more clarity up in here when we start to see buyers up in here Uh, then we're looking for that move, right? So, uh, and it did break that line, but I had that line, you know back over here someplace at that time Uh, however, we're having our we're seeing our buyers up in these areas here Okay, now a little skew in the order book in here You get a little bit in here, but it they basically it's already traded up into 60 at that point So, you know, just kind of let that one go again but Anyway We're looking for something good Right and it didn't fit the criteria So we pass Okay, keeping it simple when the criteria is good. We look for it and that's that's the setup Right, whatever the setup might be in this case. We're talking about a continuation pattern And on these smaller timeframes in here and it could have done it in here as well We we have, you know, a lot of buying back up in here Uh, and then, you know potential for it to unfold the We didn't get it the the sellers started to come in and and you know, we get this full retracement here And now can, you know, we've we've busted through that and continued on lower here All right, so it's that selling in here though that gave us pause All right, so this looks good, but these guys now note. We talked about trapped volume Many times over the last few weeks Uh, it's looking to see who's on the hook Okay, buying up in these areas looking for that breakout and then boy, are they on the hook All right, so they're gonna feel the pain and and actually we it what's interesting on that is we don't really see much of a stop run here Uh, that would be our red line in here. Uh, in fact, we're getting the stop run to the upside now So that that's kind of curious, but uh, anyway, you know, anyone buying in here like is feeling the pain on the way down basically And now we're all the way back up again here And uh pretty pretty strong, uh buying volume in here Uh, let me let me get back to youtube here any questions. Sorry about this. I was going through quite a bit of things in here Yeah, yeah, we might get a full retracement back up to where the news came out and a little bit above it We see that a lot, um You know, it's just that uh for a variety of reasons, um I don't know about you guys that some really nice, uh imagery Over in the discord chat the all markets uh chat here For this webinar. So we hold this webinar as you guys can see in here in discord And then uh, also in youtube at the same time. So I have to respond to two different chats in here Which is which is great. You know, we've we've got uh youtube and we've got discord and you can see a lot of the Traders in here We have a really great community. Uh, you might want to come over and check it out and you you can get A lot more insight in here What I wanted to cover was like a lot of the images that you guys have been posting in here Uh recently like uh here this one from uh didn't matter Here, I mean the trying to read the order flow. I'll just be honest like steven Didn't matter uh and uh and others like it it's been I have found it challenging Recently like these are pretty big swings And it's hard to read the behavior in here. I mean, they're just kind of all over the place So in this one in here um Let's see didn't matter Notice this in here, which is uh, really really nice And this is this is where you know, I think these some of these tools in the in the in the columns can give a lot of clarity So here's your profile here a composite profile Here is a delta profile by minus cell And look at the distinction right here All right, so if you can get buyers back up above this this area in here This means that all of these guys are up are you know likely going to get squeezed as he notes here Uh, and uh, yeah that that fueled the move uh to the upside So in all of the setups we're looking for we're gonna this is one of the components we're looking for is trapped traders Hey, it just makes the setup easier for us Okay, we want to be on that side We want as many Elements on our side as possible Uh, and this is a beautiful read in here on that So that what it means here is that you can see around this 65 and a half uh area here Well, this is kind of hard to read all in here But 65 and a half these sellers down here are going to feel the pain Fires can take control and move that up and that's what they did Okay, so uh anyway, uh The main point that I was trying to cover here is it's been I think this some of this chop is very difficult to read and I think, um As well in here, um I wanted to mention like a just some really great imagery in here from slowdown Very crystal clear well documented like it's just It's great stuff And uh very simple He knows exactly what he's looking for And then I had a little little bit of back and forth with him about When I first saw this image, uh, he's got three images in here. Uh, but um, what I wanted to cover is Uh, his his image here um You know, he's looking for something very specific. I know Wycoff Um, uh consolidation range or accumulation distribution and then these these areas outside which are called springs Uh from Wycoff and then they move back into the other side of the range and then continuation Uh potential continuation All right, so uh in this one, uh, he he did not take Uh, and it's he had his reasons for it Uh, and uh, it it looks pretty good to me when I I was looking at this image, uh, but um, uh, what I You know, we have the down trend That would kind of be scary here because you're looking for that down trend continuation Uh, and uh, you really don't have you can see another potential little, um spring here or Either stop run or trap volume Retest right to it and then continuation. Um, so uh, same thing kind of here Except that one of the things that I mean, it's a beautiful trap into high liquidity here that looks good However, uh, look at the volume on the buy side in here not bad in these little areas in here Not bad. Uh, it it really doesn't look good until up in here or here to be honest And you're already through point of control up here and you're giving up a lot to only get like a couple of points uh, and then Anyway, uh, uh, is it worth it? Well, you know again, like We want as much on our side as possible Uh, and maybe this doesn't really quite exhibit uh enough Uh, so uh, uh, and in fact, uh, this is the the trade he took here Uh, and it it ended up working out it did not come down to the first target It came down to this area in here around 63 or so Uh, and then it reversed back up and then continued to the upside Uh, so some very what I wanted to cover in here was some very choppy stuff again And uh, you know some of the setups in here, uh, uh, it is It is beautiful stuff. Uh, it can be a challenge In these environments. Uh, so just just keep keep that in mind. Um You know, you're looking for that crystal clear setup and you know that you're taking on more risk if you um Uh, if you take it if it's not clear All right, so uh, we're looking for that clarity All right, let me get to questions in here Okay, art about liquidity and being a magnet. Um, uh, it It's it's a very, um Attractive thing to say and very simple Uh, doesn't it's it really doesn't work like that. It's not as simple like that like look right now. What's happening? We just we just saw like high liquidity up underneath here um right in here in fact, uh, and uh Yes, actually some of it did transact but it's repelling price basically So high liquidity longer term high liquidity typically acts like a magnet in the sense that um This is like where the sellers are they're up in these areas up in here They're you know, this is where the majority of them are 42 80 uh, and um Here a little bit at 77 so Buyers want to reach them. That's where the transactions can take place very simple Okay, now the question is do we have buyers interested and indeed we do here, right? Look at the buyers here So they're going to go after and likely we will get the transaction If you have buying pressure Uh, then you are looking for uh, that high liquidity act like a magnet It's like it's just that's where the market can trade and transact in the bigger picture All right, now You can see that high liquidity that pops into the order book that uh is new To the market, uh, you know that has to be kind of digested by the market Uh, and typically it repels price typically Okay, you know, everyone knows that 42 80s up here and there they go. They just transacted Right now we knew that Buyers were interested. Uh, they were they were buying look at the strong buying in here Okay, so in these areas it does act like a magnet. It's still acting like a magnet up at 82 up here Okay, so it's like more likely to transact Okay, because we're still finding buyers in here Right, so Uh, anyway, that's kind of the general rule of thumb on liquidity. Okay It's a very simple thing if we look at the very Like most basic levels in here it holds true Uh, where is their high liquidity in here? Well, this is kind of complex stuff, but um Where is their high liquidity on this time frame? Well, there's some here buyers took them on they traded into them Okay, and then they try it again in here. Do we see buyers in here or here? No No, we don't Uh, in fact, you know, they kind of exhaust out here and we see sellers here Where can they trade well down here? Hey, that's where it's like It's just where they're these these uh traders are bidding So that's where the the majority of the orders are now. There's many orders in here Hey, I have it set actually for um Uh percentage but we'll look at um Actual numbers here. So 155 here. There's 60 here Uh, there's 47 here. There's 48 and 83. Right. So they're but this is 155 So the majority of them even in this one point range in here. They're here Okay, so did they trade did they transact? No and look look what happened here this trader now This is one individual actor pulled his liquidity here and added it higher or some of it not all of it It looks like just some of it, right? What was the reaction to it and then he looks like he pulled some of it here and added it here Okay, and then some transactions did take place in here Okay, so maybe this trader in here is is this game to try to spoof to get you know, uh Uh price higher. Is he interested in transacting? And uh, yeah, it looks like he some of it was partially transacted in here. So it's it's not a spoof anymore but Anyway, the The point is uh on all of these timeframes in here. You need a buyer for the seller and vice versa Okay, and it happens between liquidity and the aggressors Right, and that's what we're reading in here. So on this scale in here It is the same thing as it is on this scale here looking for that 82 and 80 and 82 to transact They would that which they already have and we're already back above it here near 85 liquidity Now let's read the context up here. Are we still finding a lot of buyers? Yeah enough enough, right? What about the sellers? Oh, there's some so you see how it's kind of back and forth in here now That's something different now. Look at look at this up here. Do we find buyers interested in that liquidity here? not really Not really. So things are either slowing down or we have to have a tremendous amount of buying trade up into it It which is what that scenario looks like it's about to unfold And uh, we'll see though Yeah, I mean see how see how we're reading that context in here the context here was much easier, right? We're still finding buyers. We're looking for these areas of higher liquidity to transact here is back and forth And it still hasn't transacted yet Right, so that's what we're reading like how how much uh, the buyers want that make that transaction here And now now it looks pretty good Looks like we traded into some liquidity in here. We still had buying pressure Uh, and we see even more buyers up here Okay, well, yeah, it was looking pretty good Well, that doesn't look too good anymore Uh, and that that's hard to that was hard to read Uh sellers all of a sudden come in Uh, and uh push it down lower This is why we want to go through our kind of like a checklist in here Uh and understand the the context in here. This is why one of the pieces of the of the um In the checklist is high liquidity, you know bidding up at a higher level here Hey, we have our buyers. We have the liquidity target here Uh, and uh, they seem to be interested at this point. Do we see like some sort of skew in the order book? And if we don't it's very easy for sellers to to if it's kind of dark in here like like it is It's very easy to sellers to to hit the bid into this liquidity And then a lot of times we we'll see another retest back up to here. Okay, which is actually unfolding right now Okay, so, you know it it was looking good looking good But no, we didn't have that that vine underneath. Look at it. Here we have it Here we have it and then what was the reaction to this? Well, we found our buyers. So this this transaction looks pretty good Now look This is not really this is hard to trade Uh, it's doable. Uh, it's uh, and it's only a few uh ticks in here But it's the concept Okay, that this high liquidity comes in it was just this wasn't here before Okay, but these were Okay, the reaction to this high liquidity repelled sellers and we found buyers and they skewed the uh the the order book Uh, there was all of a sudden this kind of skew in here. See see the skew So like if we go here we see We don't see any any any buying liquidity here, but we know Uh 84 and a quarter and 85 it looks pretty good Do we have buyers not yet not not at all right? We see sellers in here Okay, now we come back up. Here's our skew. There it is right there. See this Okay, and we can see it in the heat map here, too Uh, and uh, what's the reaction to that? Hey, this happened very very quickly though Well, they're hitting it. I see them hitting it So i'm looking if they're going to hit it hit the or you know lift the offer here Due to this liquidity here, and they don't want it sellers aren't interested Then the buyers have control to move it hip into these levels here Okay, that concept holds true On all time frames right, so uh anyway Yeah, understanding art um Exhaustion and absorption are really key Hey, this is something that uh book map does a really really exceptional job So it's this context art. That's what we're talking about Gold made us move back to non-farm payroll start. Wow Hallowease, I didn't know you were trading gold. Okay Yeah, and let's uh You know we we were going through that example of a flag flag pattern, uh, and what to look for Uh in terms of the order flow And we didn't get it right. We're looking for something very specific and we didn't quite get it Uh, and instead this turned out to be a really nice move here But uh, uh, you know If you got in here. Well, you probably got stopped out down here. You may have And you don't know, you know, you don't know if this if sellers are going to hit this harder or not and trade into the figure here Okay, but we do know Uh, once we see that volume started to come in on that buy side You can see how this did act like a magnet Okay, the buyers wanted it Okay, so we can look for um a variety of things in here this you can see that the the selling in here See the selling in here. That's the majority of it. It actually started up up here Right. Well, look look where the buying really started to um uh Really add up in here Okay, so that's where we're going to get our stop run. Well, this this actually was a bit of a stop run Above here Okay, and you're going to see more stop runs though and you can see that up in here as buyers continue to uh lift the offer All right Yeah, I totally agree at art that this is something like I I think really People should be using some sort of tool like this to help uh Their setups optimize their setups. I mean look we let me just try to go through a simple example to illustrate this um Is uh candlestick patterns actually I love doing this. Um Here this this candlestick pattern here. This is a continuation candlestick pattern Right buyers buyers higher buy like okay back in here But if we get up here and close Okay, yep, we're looking for 90 in the candlestick pattern, right? Okay, so now let's let's look at the order flowing here. Well, the they got to get through 88 here And do we see enough buyers? It's starting to Starting to it's not bad. They're starting to ramp up here. And then what about underneath here Yeah, they're bidding up a little bit up up in these areas here Okay, I would love to see another big skew another big green dot in here and then inevitable that we will get the breakout Not inevitable nothing. Nothing is guaranteed here In trading, but we're just taking this candlestick pattern understanding these wicks and this kind of uh Uh You know pattern in here now. What about what about the opposite scenario in here, right the um What about a potential trap in here? This is looking beautiful too. Just just beautiful Right, so this would your wick here That would be all your trap volume Okay, and you'd be looking for sellers to drive it back down into the middle of the range in here of these two candles You know something like that. So this would be your target down here Right, so now if that's the idea Well, then what is that going to look like in the order flow? This is what it's going to look like. We're going to see sellers here All right, we're going to see the the order book kind of come down. It's starting to come down What's the reaction? Read the context Okay, so there is there's more uh Supply here we're getting our sellers All right sellers. Okay now hit the bid down into 83 and a quarter You know and then we've identified what's within this candle here You know we identified the order flow any Okay, and then uh, that's where you know, you can you could just make better better decisions based on the what's in the order book And the and the relationship of that in the uh the the aggressors Okay, so there's the move into 83 just based off of that. Okay, and that's a candlestick reading A candlestick pattern Okay, so we went through two scenarios even on the candlestick pattern All right, so even looking pretty good for a move down to here Bottom of the range of the candlesticks So this this was the first one though Uh, and I would I would have taken some off here Uh at that this 83 and a quarter They I don't understand. We all know of lane indoors Frank say uh Leading indicators. Okay. All right. So you're using some sort of uh, uh, uh text correction software there Uh leading indicators. Um, yeah, I mean, uh, well well book map is um I mean the order book is is You know the present, uh, no no question about it Uh, and uh, is it a leading indicator? I mean compared to it doesn't lag Uh, that's for sure. This is all pure price action Uh, and uh, this is the current market right now everything so right of the vertical white line All right, so uh, yeah the the order book here has a you know tremendous impact on price. I mean it has to And this is the the market's made up of orders. It's as simple as that Without orders then all these patterns every everything doesn't make any sense There has to be orders So understanding the behavior or reaction to the behavior Of the orders is is where we get our clues Yeah, and I I really have a hard time with indicators. Um As you guys know, I mean we can look at cumulative volume delta Trying to get more insight and some from some of these areas Uh, you know, here's kind of a an equal high here But you know look look at the selling so there's divergence and everything But for me like it doesn't matter if there's divergence in here or not If we get our buyers up in here and we see a skew in the order book and you see big buying in here I'm looking for the flush through to the upside here. I don't care about diversions. I care about this in here Yeah, so yeah, but anyway, like the the the candlestick patterns, uh, the regular kind of patterns like head and shoulders and and flags and double tops and whatever they're all made up of the order flow Hey, your volume profile. It's all made up of the order flow Or transactions So we're just it's just a different way of visualizing it All right, but let me um, let me move on here. Uh, and uh I wanted to get into market pulse and some examples for you guys because we went through now some candlesticks other patterns Uh, and let's get into to market pulse and we haven't even looking at our looked at our bigger picture yet as well Uh So this is interesting here. Um Yeah, we might get that full full retracement here. This is this is just, um Brutal uh for a lot of traders that oh, yeah, look look at the non-farm. I'm going short and there This is where they're getting margin calls on the way back up yikes Just grinding people out stop runs all the way up. All right. Um Let's see what else did I want to cover in here? Let me go back to discord And uh, just uh, yeah, I just wanted to say thanks everybody for that really great imagery there in discord. Um Great discussion I love it. Like uh, we have a lot of stuff going on in here Stan's been doing some great work. Uh, and um Slowdowns our exemplary This is This is the the gold standard. Uh, you know looking for things like this and being crystal clear on what you're looking for uh, and then documenting it this way, uh, and uh That froth also doing great work. We went over one of his images in detail and then uh, didn't matter. Yeah It's also looking very good. Uh, I did have some suggestions to look deeper into why these moves unfold due to the order flow Uh, this was a tough, you know, your accumulation phase image in here is a tough one. Uh, I thought Okay, this one. I loved uh, you you know, you you saw this liquidity pressing down here Here again is the this is the reaction to this liquidity in here affecting price A finding sellers see how this liquidity repelled The uh buyers and what did they do they trade into liquidity down here and here and and through it sellers trade into it and through it Okay, so uh, you can even look for the potential. I think you were Maybe alluding to this this area here Uh, where the sellers really came back in that's where they will be out of control in the move to the upside Uh, and then you can look for that the stop runs to the upside. That's a little bit bigger picture stuff, but uh um Yeah, accumulation phase and then also another nice image here on the trapped Uh sellers uh in here beautiful stuff Okay, so anyway Yeah, my my my comment on it was just look look at this context between the the order flow uh and the uh Uh the traders the aggressors The order flow meaning the limit buy and sell order Uh, that's that's where you'll just you'll learn so much. Uh, you're doing a great job in here on the higher time frame Uh structure All right So anyway, uh guys if you are interested in this, uh um then um Then this is what I would suggest is uh, you can come to this webpage here. I'll put the link into the chat We're going to be getting more involved into the book map academy And I keep on uh mentioning it in here, uh, but uh, it's a it really is a win win for everybody. So, uh Read through this page. Uh, and uh You know what the program is about And then you can sign up down here Uh, and you can get book map for free Uh, if you know you go through the steps in here and create great content Uh, it's kind of a way for you to document and journalize your trading. So that's a win for you Uh, it's a win for us because uh, uh, you know, you're you're using book map and you're learning book map And we're getting good traders. Uh, and we're happy to help along the way. That's what the academy is all about It's the heart of it. Uh, and then we're happy to also give you book map for free once you get to the academy level here Uh, and then you can become a coach and you can become a streamer So we have this kind of onboarding process if you're interested To become a more professional trader And i'll put that into the chat here Just a second Oh, okay. Thanks dan. That looks like uh, dan beat me to it there. Yeah All right, um All right, so uh, uh, anyway really love the discussions in here. Uh, good good stuff. All right, let me uh, double back here Let's just let me just take a break here and we'll look at the bigger picture Hey The candlestick chart we're we're filling the gap right now or we just did so, uh You know, we got our retracement basically we filled the gap That's that's rather amazing to see to see the the gap filled On that non farm. You can see that, uh, you know wicked move here to the downside Guys, just to the the wicked move alone Just look at this on the 15 minute chart and look at the um hourly chart here It where did it go? To the bottom of the range here Okay, and pretty immediately. I mean it took, you know, five 10 15 minutes or so to get down there, uh, and then Uh, and then and then we see this retracement, you know, almost, you know all the way back here Okay, so uh, uh, let's look at that. Let's look at the uh, It hasn't made it all the way back, but it's definitely filled the gap Okay from yesterday, right? So we're going to see a bit of a um, you know, slow down in here, uh, and, um Some back and forth probably All right. So some of the easy moves are kind of kind of finished right now. We're turning into more range bound. Uh, looks like Anyway, let's get back to that bigger picture and then I want to go over, uh Market pulse in more detail Okay, so we have our daily here And uh, yeah, it's really choppy within the daily range here Both sides of the wicks here on the on the daily So no, I don't I don't really know what to say on the daily Not looking for much basically Hourly it's already done the kind of easy move After rejecting down here in the move back in and then in here look at this chop this back and forth in here It's wicked stuff huge huge wicks And then finally this drive here, uh, that we were we were watching At the very initial beginning of that move Uh, and then we didn't like it And passed on it It was in here And then and then it looked better actually at a higher level and then You know that was if you if you um We weren't looking at that higher time frame level at that time but If you start to look for some of the or see some of those things on that higher time frame And that's what you're trading. Well, you can capture it and yeah, it's Yeah, kind of we were just looking you're kind of more zoomed in here looking at the deep and going through the details of what to look for in that flag pattern or continuation pattern All right, so kind of missed the the bigger picture here, but you know, that's that's uh What happens when uh, you're looking at more details, right? So I keep keep that in mind like it depends on the time frame that you're trading And what you're looking at Okay, I mean you can take like for example Steven you can take something very simple. I don't know if you you you know have history of looking at candlestick patterns But understanding your candlestick patterns On the higher time frames And then looking at the order flow and book map And marry those two together Okay, and then look for specific elements Very much like what slowdown was illustrating Very specific elements for his his pattern one of the things with the uh kind of funny funny with the uh Wycoff accumulation distribution and I I saw in a few images that people were posting In this, you know looking for these springs You know I mean basically the way the way that that I've been going over it hasn't been Wycoff or it hasn't been a spring It's more like either trap or you know exhaustion below below a range Or total absorption, you know and then and then you're looking for the move back into the range basically From the outside to the inside if you can get through that point of control It is Way more likely to trade to the other side of the range Okay, so up in here would be kind of uh The we see a stop run up here Right up into this area here Is there a new buying that comes in? No We see the selling starting to come in here Okay, and then the move lower now one of the things though to be kind of aware of in here Like is this the same thing? Well, it's fitting the pattern, but now what kind of scares me and like I It's it's not something i'm I would take Uh and slowdown. I'm actually kind of curious about how how you look at this in here Is because what we have is this reversal pattern shaping up so You know this looks I mean here this could be a continuation in here Well, we get you know a stop run and the sellers come in so you can look for the move To the center of the range and then the other side of the range But now lower highs lower lows And we can kind of see ahead in shoulders or rounding top and then we can get this move to the downside So buying in here is it I don't know how you make that distinction in the spring I mean typically what what um We've we've covered in here is like you get this reversal pattern Let me just illustrate it here. Uh, we get this reversal pattern in here Uh And let's just say this ahead in shoulders or whatever it might be Uh rounding top, uh, and then we do get that initial move Hold on We do get that initial move Here and this would be leg one Pull back and now we're looking for leg two, right? But we don't get the full leg two Uh, what we get instead is Just a retest here And then we get a move like this back to point of control typically Back to the top of the range and the typically and then we get the other side of the range up in here And and potential continuation at that point So this is where we get the failure in here usually something like this And uh, it's it's if we see the the reversal pattern in here fail So, um, that's typically what we've covered So we look for that it just we don't get enough buyers for the extended move on the second leg lower So maybe I'm not enough, uh, you know, distribution has occurred Anyway, uh, all right. So, uh, let me see if uh, any questions Thanks, thanks didn't matter. Um Cam you're talking about bookmap academy see who's applying. Uh, yeah, sure. I mean, we had a meeting last Friday Uh in the afternoon and and reviewed some trades and and uh, we had a, uh We had a Jack come on and he went through some imagery. Um Some of your guys trades and then I went through a few And uh, you know, it's an open mic Froth came in and spoke about what he was looking for In there. So this is a part of the process in here And this is what we want to open up to you guys now. We're just we're just starting it It's been in we've had it actually for a while But we're just opening it up into this new direction here, which I think has a tremendous value And uh, getting some some coaching, uh, getting some feedback. Uh, so you guys will, um Learn at a quicker rate and get up to speed And like I said, it's a win-win Good morning, Joe. Um Yeah, Joe, I think um take a look at uh, uh Some of slowdown's images The He really knows what he's looking at. It's it's very very clear to him in fact Slowdown, did you did you take this one? I wouldn't have uh, I this is like I said it it it's I'm kind of looking for the the move to the downside at this point here Uh, we didn't even get this kind of double bottom and then uh, uh, we just see buyers just come come come right back in Okay, now we've we haven't gotten there yet. It hasn't really followed through yet, but it's just I actually kind of has I mean this is I would say this is the top of the range here not necessarily here Because we know this is a stop run up in here. So for me, this would be the top of the range around this kind of 87 Ish area and it's done it already 87 and a half This is typically what we see though. It's not one move leg down and then to move back up I would imagine slowdown may if he got in like I know he likes to get in early On these and then take a small loss if it doesn't work out Which is great To me Due to the volume in here On that buy side, I still see more selling But once it once do we see the buyers back up above it like in here. It looks pretty good to me And then do we have an order book supporting it? Not really so That's uh, that's not good. So you can see this is a little more convoluted in here. Um, so far this high liquidity coming in here And high liquidity up here at at our 90 to 91 level Yeah, all right, you can join. Um, so Uh, just uh, you know, click on that link there I mean, you know It's it's content on book map. Uh, so you do need to have book map Let me show you something also the For information On learning book map, uh, let me guide you to the learning center So go to book map.com click on the more button here and then hit learning center here Okay, and then in here, this is how to get connected Getting started. Uh, these videos in here. I would highly recommend starting with some of these after you get connected Uh, this is a small course on book map starts with three elements on the chart Uh, how to add symbols how to navigate your chart how to display elements Then talks about volume liquidity heat map the columns many on the columns the sub chart How to trade use the trading features in book map the drawing tools and then saving and configuring Charts, right? So it they're very short videos uh, but They're very informative. Uh, and uh, you know You you it's probably take about an hour and a half to go through them all But you don't have to go through them all you know where the resource is So if you have a question about something, uh, you can probably find it here Okay And then this market mechanics course also like we had kind of talked about it uh art About some of the mechanics in here earlier uh, so This goes through in detail. Uh, I would highly recommend this, uh, that you go through this, uh This course here Here it is here like what we're just talking about but an illustration of what we were talking about And what's on the bid what's on the offer? How do what are the market mechanics that? Make this market work Between buyers and sellers And this this course will go through it at least part one was what I recommend To start with a slowdown. Please tell me you were in this I would love to hear it. Um, and I'd like to also hear where like, you know, did you get in here? around this kind of 80 80 and a half or did you wait a little higher 82 and a half? Uh, I'm sure you probably took some off at maybe 87 and then for sure up here at 90 and maybe you're still in it I don't maybe slow down. It's not in here Yeah, he might be might be gone Yeah, anyway guys, you you know how I feel about it like I This to me look like that continuation that rounding pattern. It totally failed Uh, and we're getting that continuation to the upside The the thing that I'd look for is that the double bottom on that the retest exhaustion into high liquidity here I have a hard time reading this one where it's just one move down and back up Okay Looks like my mic was off for a while there guys. Sorry about that Yikes Yeah, I'm sorry about that Wow, this is uh it looks like uh the uh Slow down you took you took this to the upside here I played out beautifully Yeah, this scenario just didn't play out and uh, I was looking for this and uh, that was all I'm looking for I didn't even cover the other the other uh Uh Scenario here Yeah, it was I was basing it off of this behavior in here market polls, uh, and then uh Looking and then we also had that's high liquidity in here too. So we had a lot of factors in here To look for this just this this one scenario here And look at now look at the selling come across again. All right, so this might this might be the opposite one here So here's a spring on one side and possibly another on the other side here Uh, we do have we should have a stop run up there Yes, big one Beautiful. Ah, okay. You took it earlier. Hey, I mean this is this is another another factor. I mean what what um You know stain nimble, uh open to uh these changes in context You can see like it's required of us as traders And if you cannot Well, then just look for one and if it doesn't work out, that's fine. Uh, you know, uh You know that that kind of nimbleness comes later It's hard enough to to look for something very specific And and know your know your setup and know your trade But we and we had our reasons. I mean for for looking for this downside move here What the one there was one thing we didn't like was that 4300 had not transacted yet Uh, and usually it does That that I didn't like so this this these this larger player across all three markets was you know selling in here um And um larger players, um And before the figure here, so maybe that's just exiting Here's the the way the the move through and then still looking for when sellers are going to enter this market Here they go So now now this might be the potential selling moving into the market at this point Let's take a look at it Again, we've got we got market pulls telling us that Here here and here And looking for a continuation to hit that bid here Or that was a 10 point or eight point move through eight and a half point move Yeah The next one who says bad for inflation, uh, let's do etc. Let's do the opposite Yeah, well, that's why like, uh, you know these kinds of moves in here, um It's again back to that staying nimble part And looking for something very specific It's kind of like that's where you want to, um You want to like Have clarity and and you know exactly what you're looking for Uh, and that's really all that matters no matter what the fundamentals might be Uh, you know fundamentals are a part of it and that's something else You're looking for it to go along with the fundamental move In the order flow and that's fine But you can see that if let's just zoom out and let's look at our bigger picture here Uh, this is what has happened Uh, this is pretty wicked stuff You know, here's our non-farm You know in in the gap Not only did we fill it and then see a little back and forth in here We saw the move way through it on up through the figure And uh, and it's still going here. Uh, so far We see three big green candles here All right, and then up in this area up in here before the figure Just just before it here We had our reasons for looking for those sellers and we had a lot of technical things looking for it as well Uh, and it didn't didn't play out Uh, and uh, uh, you know And there's still a lot of momentum in these well at least in these candles here, but uh Boy, I think that's going to be about it. Like I would really be, um Zooming in here, uh in book map now and looking for what's going to happen up here I'm looking for a move back into some of these areas here All the stops all the people that you know sold In here they've got to be out of the market by this time Okay, so now and look at this client still continues to climb Uh So anyway, we just look wait and look for something that gives us our insight here And we're just left holding the bag here or not holding the bag. We just left Uh at the station here, uh looking for this scenario And uh, it didn't play out Yeah, crazy crazy move All right guys. Well, uh, I gotta uh, I gotta run uh, and uh, I've got another uh, I've got another meeting to go to a call to go to Uh, but we went through a lot of different things in here. Uh, and trying to trying to you know focus on understanding this context between the liquidity and the uh, the aggressors so that we can really uh, understand Um, what's happening within the market structure and it's the order flow that's going to give us that understanding And uh, uh, and then we have something that aligns Uh with us, you know, putting risk on uh at that point. Uh, so so anyway, um Uh, that was uh, and we wanted to go over that with market pulse in here Trying to get deeper insight with correlated markets and looking at specific behavior by the aggressors in here. Um, so uh, art you you uh, you signed up. Okay, excellent for that book map Junior academy so you're you applied to it. Basically, that's the first step now What you need to do is go into our discord channel Is the next step here? Uh, and you should get an email by now And it will it will request that you come into this Uh room here academy applicants Click on that. Uh, and then you got to request Your um, a spreadsheet in here the reason we do that is uh, we need to have you um in our discord Uh, as well as uh, you know signed up in our um our crm All right the uh, uh, the discord is the hub for everything. Uh, that's our discussion group or you know our chat All right, so yeah, thanks for coming everybody. Uh, have a great weekend and we'll uh catch up next week I'm actually going to be away But uh, we'll we'll um, I'll I'll see you in the chat rooms, etc. Okay. Yeah, thanks for coming Please hit the subscribe button. Uh, if you haven't subscribed to the youtube channel or Give us a like on this if you like this kind of content. We're happy to go through it and We'll see you. Uh, we'll see you next time. Okay. Thanks for coming. Bye