 Good morning traders and welcome to the bookmap live trading webinar. This is Bruce at bookmap and Actually, it's live good web and traders and welcome to the book and not live trading we did away with that and it's because we're gonna focus more on understanding how to trade not just trading it's Part of our education for what we offer here. We have an educational course. We have these live Real-time forward-looking analysis will look at what's happening in the order flow and then give insight to where we think it might go Based off of what the order flow is telling us. This is so you can apply what you've learned right from the course in bookmap so let's Jump in here and go through the disclosures and then get into it General disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations risk disclosure treating futures equities and digital currencies Involves the central risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results Alright, so let's take a look here. Let's see what's going on in these stock indexes We're looking here at the S&P e-mini and I've got some things in here to deselect and reselect there we go okay And I go over the bigger picture here on order flow What do we see what's happening right now? And then we'll step back and look at the higher time frame candlesticks bigger picture right now Obviously, you can see the bullish activity here And very very strong volume just came in above this 41 15 area here 16 and Very strong move here to the upside Interesting move now. Let's take a look in here closer because this is the kind of move that we look for and That it's gonna continue to the upside why Because we have such strong volume here moving the market now what we want to understand though is who's taking the other side of the trade and That is also very strong here. We see some some pretty big iceberg transactions here, so we went from negative Here this is about negative one thousand down to current like, you know negative like three thousand So, you know, we have a couple thousand icebergs up and up in this area here We also have high liquidity here on the on the offer getting filled in this area this area in this area And you can see them up again here at 41 25. All right, so we are still bullish But we're just noting who's taking the other side of the trade here Not only through the heat map and the liquidity with the limit order book in here, but also iceberg transactions Larger players using iceberg orders hiding their position from the order book And they are also on the other side of the trade here, right? So and that's just fact, right? So what have we done so far? Well, we've retraced here already half the distance of this big breakout from 41 18 and Here it is and getting some support off of 41 20. All right, so They're in the order book here, and they never transacted and we're starting to see buyers come in already All right, so yeah, I mean we're still in an uptrend Next level to look for is is 25 up here 25 and a half in the Limit order book up here. All right, so Nice auction up here. Look at this. We know there's icebergs on the other on the other side here But it did transact up here so If we get enough bulls and aggressive buyers in here with the green dots We'd be looking for the move up into this 41 25. All right, so let me jump in here and make sure that Answering any questions anybody has here Okay All right, no questions yet And what about discord? No questions yet just in discord guys the It looks like it's Been renamed advanced webinar But I think we haven't renamed the Chat room there, I think it's still all markets So anyway, that's where we're chatting is in the all-market section just for today All right, we'll rename it and make sure that everything's matches up here All right This is a interest really interesting move here We can see we just came up just shy of 41 actually the best offer went into 41 25 And and then it sold off Right up here what I want to go over this that mean this is a really interesting level here Not only is there high liquidity in here, but look at all the icebergs transacting in here And it's just a talk about a week top, this is it You know that visually this is your week top now. This is volume profile. This is what it looks like Here's your volume profile right over here. Look at that right look at all that volume up here All right, so we look for it to come back up here However, we want to understand the players in here because this is odd It's actually really it looks great for it to come back up here and retest But we know that there's icebergs in here In fact, let's turn the on-chart icebergs stops and icebergs on And we'll get some deeper insight here There we go Okay Yeah, and they're still there Right, so this is where that stops and icebergs. Look at this. So 1200 18 contracts have already transacted up here and they're still here All right, and we we can see no one tangled with them yet again up at 41 25 So they basically this is called absorption and this is a classic example of it They buyers here the aggressors could not get through this price level Not not one transaction on at 41 25 and a quarter not one Hey, totally absorbed here And this when we we talk about absorption This is it and it happens to also be with an iceberg All right, so it's almost like you look that up in the dictionary. This is absorption. That's what it looks like and We can get a lot of information from Absorption understanding that there's someone on the other side Taking the trade here and they can't get through it. We look for sellers on the other side If they can't get through here, you'll find sellers on the other side here just like this in here now It's not a lot of selling but you can see it. Okay, so absorption here Look at the sellers come in watch them test these lower levels just like this here And then, you know, it there's we know though that it auctioned off here. There's still buyers up here Okay, or there was aggressive buyers up here Okay, and the structure for the day so far is still bullish. So still looking for a possible test up here And I don't see a lot of sellers in here yet pulling it away from them From this area, right? So I would look for another retest in here if we get buyers And so let's see if we'll see if we do but we're gonna be just open to that scenario and what it looks like And there'd be buyers like right here right now like this first level 23 and a half second one 25 Okay, so that would be the kind of primary scenario right now what we're looking for in the order flow and Secondary scenario is also unfolding right now Sellers bringing it right back down and what if we get now not not really here here though I'm looking for a lot of sellers Hey, and we're getting them. We're getting them. All right, so This is gonna be interesting battle. All right, so sellers. Are you able to drop it down to 17 and a half? That would be the next level to test This is that our 18 level that we're 17 and a half 18 here that we're looking at earlier where there's that big Bind came in. Okay, so we're gonna get that test. It looks like into that level here. All right, so Anyway starting to understand the nuances in here in the order flow. All right Okay, so Let's Let me see if there's any questions on that Good morning. Good morning everybody Yeah, I want to I got to take take a look back here at the bigger picture now You know this week we're gonna have CPI data tomorrow, you know We're It's a huge data point We have a lot of data this week actually have retail sales on Wednesday And we have core PPI and PPI on on Thursday. It's a big week of data here So we're gonna probably see a lot of gyrations here in the market okay, so We'll we'll have to wait and see what the you know reaction is to that data basically and Regardless of what it is. We're just our job in here is to read the order flow. That's what we're doing and we're looking for What the participants are telling us in the auction and then where price might go Based off of their behavior in here Very very simple actually it sounds like it's complex, but bookmap does a beautiful job in displaying this information Just by showing best bid and offer the transactions on that best bid and offer and the other side of the trade in the heat map here Okay, so the transactions are we covered this on Friday with the difference between Understanding price action and order flow Okay, and then just just recap a little bit If we take the volume dots off here And we bring the heat map down to nothing This is price action. Okay, it's the movement of price Okay, now it doesn't have the orders on here though. That's where we get into the order flow Okay, what is the condition of that? Well, here's the transactions the dots red dots market sell green dots market buy And that's it now with the price structure and price action here All right. Well, if we get more sellers in here right here right now Yeah, I'd be looking for this move to come back down into the 18 we never got to 18 in fact our 17 and a half Which was kind of curious So, uh, let's see if we get enough sellers now To make that move happen. Here they come Okay sellers, we should be able to see a drop in at least retest down to this 19 level Let's see if we can get that Looking for sellers Okay, now again, this is this is in terms of a trading opportunity first off. We don't make trade recommendations Uh, and this is not high probability It really isn't we if I saw selling like this again here, it would be much better Uh, it it's choppy here. Okay. There's sellers here. There's buyers here. There's some selling here. There's buyers here So it's kind of all over the place right now All right, but we're looking to see where it might go. We're going to go through the different scenarios All right, so uh making distinction though between what is more likely or less likely And right now we we don't have too much insight in here um, we're looking for like, you know, someone Controlling this market in one one direction or the other and you can see it's pretty pretty choppy in here See how we have buyers here. We have sellers here Buyers here some sellers here buyers here. They just can't seem to lift it though Uh, a lot of sellers here Right now here. We go again buyers here. All right up to 24 Uh, not not bad not bad. All right. Let's see. Can they continue? All right. No, so see the sellers come right back in on the other side here All right, so very very choppy And we're going to wait and watch until we see something better Anyway, uh Yeah, all right. So bigger picture. I covered the data this week Let's look at some higher time frame charts and start to understand some of this order flow in here Okay And or price action not order flow because we don't have the order flow in in our candlestick charts Okay Uh on the daily here, you can see this was uh, you know, we had this kind of swing low down into this area here And it's kind of bouncing back right now. That's about it Hourly well, we can see the open down here Um and uh or in here as well and then the move up Uh, where might it go? Well, this is actually a good area to maybe see a Um Maybe a pause Due to the swings in here. Okay retesting these areas in right in here the swings It could come up maybe a little bit higher up into here as well 41 33 or so on this hourly But uh, I imagine we're going to start to find some sellers in here All right, I don't really see too much yet on this hourly Pretty strong move bullish move to the upside outside of this area. See how it broke out of this area here Okay on on pretty pretty strong Well pretty strong price action Okay, here's our 15 minute chart here and uh, here's our open and here's the break higher Okay, right up into now now we're getting into some of the nuances. This is what I was looking at earlier Over here on the hourly these these swings over here. Okay. Well, here it is here All right, so that's why I'd be looking for a slow down here And then maybe some sellers come in and and maybe we get some back and forth. Maybe it comes back down into 41 10 or so Or the next level on the buy side I'd be looking for Due to this price action in here and and these transactions in here Would be somewhere around in here Maybe I I think we said 31 Yeah, somewhere around 31. Let's see where that Is here Somewhere around in here, I guess Yeah, I don't know. I kind of like it up here a little bit better at 41 40 Just because We can see this little swing up here And kind of relates to some of this act previous price action in here All right, so really uh, yeah Going through just some higher time frame scenarios first. All right. Now. Let's look at the order flow Okay Still pretty choppy buyers starting to Buy a bit off of this little area right here. All right. Here come some buyers too. All right Let's see the move up into this this iceberg that's still up there looking for it here You can see a bit of change in the order book as well. We're still finding buyers So let's see if they can push it up into the 41 25 area. Yeah, looks pretty good. Looks pretty good looking for it 25 and then maybe Uh, even 27 here Okay, again like week top, right? See how this week top and see they're still buying up here Okay, now you have to be very careful in these choppy days because like oh, yeah I'm gonna buy the week top and then likes all of a sudden sellers come in and like just Stop it and drag it back down here Uh, stop everybody out and then you'll see them buy down here traders buy it down here and move it right back up And then through and break out through that area okay, so Yeah, uh, that's that's a possible scenario in here and uh Again, like we're looking for and understanding the behavior in here, right? So If there's that possibility then is it You know a higher probability outcome Well, then you would say no, uh, it's starting to look pretty good It's looking good And then the sellers did come in and drag it drag it down here. All right, so now It would look even better though. Let's see if we get something like this Okay, what if we get buyers up here at 23 like a lot big big green dots Okay, that's what I'm looking for here in this scenario And we're not getting that. All right, let's see it. Let's see it buyers. I'm looking for them All right, let's see. Do we get a skew in the order book too? Is there more on the bid here? Not really All right, that can lead to to you know some back and forth volatility in here Uh, when we see the order books are kind of stacked on the on the bid though and the reaction is is is buyers That gives us a much much better insight to the possible move higher Okay, just going through just just different order flow Uh scenarios and and potential, uh opportunities in here Okay, just based off the order flow. So right up here now See these guys here will be trap falling if we get our buyers up here at 23 Okay, do they do buyers support it down here? Let's take a look Okay, boy. I'm seeing more sellers than buyers. That's for sure Overall And this little area in here Okay, this is see how we can read this in here these players This is where we're looking for our buyers right now and this is This is higher opportunity or higher probability here if we can get the buyers in here And we see some maybe on the order book underneath here now. We're looking for the move into 25 and beyond Okay, this is this is much much better here Uh, because we have fuel here Okay, we have these sellers here being buyers back up in here. So we're looking for a stop run Okay, let's see it and we're looking for a stop run right here. We should probably get it here Uh, we've got a lot of fuel here all all we need is to see some price action to the upside here Uh, and then the order flow should dictate some stops Okay, it could be a nice move here. It could be pretty powerful up into not just 25, but Maybe 30 Okay, does that make sense? So we we went through this whole thing in here is like, you know Reading this reading this and then understanding up. Okay Now these guys selling down here They're going to get upside down as the buyers come in and we're looking for uh, these sellers to be buyers and More buyers to come into the market at at the same point Uh, and try to get back up into 30 now. What are we doing? We're trading at 25 and look at this iceberg It's still there 1500 1600 basically it's still there absorbing Complete absorption here at 4125 so far Okay, so that's the condition and that's what's happening right now 1650 All right, there's our move. Okay. So that iceberg filled it fully filled Uh, you know, it looks like there's a three of them in here. Uh, but uh regardless almost 2100 Orders all together Okay, there's our stop run guys. That's what we're looking for big stop run there. Uh, and uh, it's unfolded Okay Yeah, that stop was for 873. Okay now. Let's go through Again price action and order flow in here Okay, we know this is a stop Okay, we know that iceberg also got filled What matters though is now we're getting into the nuances here What matters though, uh, is You know getting some insight from these players in here. We know retail traders are getting stopped out. We know Uh, larger players are absorbing as much as they can or at least 2000 Here with their iceberg Uh, but what matters after after this action here? is Where does price go now? Okay, if we still get more buyers in here, we're likely going to go higher Uh, if we get sellers down in this area here, we're likely going to go It's going to be a mean reversion trade into a high volume node or other side of the range in here So we can mark that up down here Okay, so we look for sellers right in here And then the first test would be for the sellers to hit into 41 25 again Okay, and then if they can hit into that and still sell off then we're looking for Uh, probably back down to about 22 and a half or so. Uh, let's see guys other questions in here. Good morning, David. Um Wanted to ask at 10 to two at two where icebergs. Um How would you tell if their buyers are? Or taking profit. We don't know that Yeah, they could they could be taking profit All we know is they're transacting And we also know that they are sell icebergs. That's for sure if you see the the blue, you know Kind of iceberg icon if it's above price these these are these are their position is selling Okay, these are like limit sell orders basically I hope that answers the questions Uh, timothy you're looking at correlations. Yeah, we can we can jump over and take a look at that Um, I just saw some good stuff in here with the icebergs and and the stops And we were looking for that scenario to unfold uh, and again look look how see see how like, um You can kind of see what we we drew up here this little range in here of the stop run And this is like a la, you know scott pulsini basically, uh, you know, he'll he'll mark these up and then, uh You know come to thursday's webinar on that if you want, uh, and you can see that Well, we accepted higher and uh, you know, we didn't we were looking for potential for sellers to come in here And move it back down to the bottom of the range at 25 Hey, well, we came up to 30 instead And we just traded to 30 Okay, and transacted up here not a whole lot, but some Uh 129 at 30 So david, I hope that answers your question. Uh, and uh It you know the the the answer to how to what to do how to react to it, uh is Like we just know that what's going on here, uh in terms of icebergs and stops What we want to know is what happens after that event. Okay, so it's a volume event Uh, and uh, we want to understand or you know the after the transactions. What has the market done? Right and accept it accepted higher Uh, and we found more buyers in here and then we charged up to 30 Now we were talking about 30 back here Back at this point here That uh after this move to the downside and then buyers in here. Yep looking good looking for our 25 And then we ran into this huge iceberg. We're looking for a stop run. We got the stop run But then what happens after that? Okay. Well, there was more buying pressure Right, they were completely absorbed before Uh, but uh, you know price went higher. So we found you know more buyers in here Some of them have stops in some of these areas, but there's just more buyers Now let's go through a few other uh order flow scenarios in here. Okay, so Yeah, right now Well, they're on the on the offer up here from 29 to 30 Are we still getting buyers? Yeah. Yeah, we're still getting some buyers. It's not a whole lot You can see a little bit of a skew in the book here and they're they're pulling here at 29 All right, so Based off of this we look for for 30 to trade Okay, a retest back to 30 Okay, now this is again. Is this high really really telling us this? No, it's not Hey, it's kind of set up for it, but it's not really, you know something of like it's not obvious I thought this was a lot more Telling down here For that move into 25 and potentially 27 and then 30 Okay with a big pop and a big stop run Uh, this this is not really look at it. Look. Is that the kind of volume? We want to see the commitment of the traders That's what we're reading here. How committed are they up here? That's not very committed All right, that that doesn't really give me a like a a warm feeling that this is going higher here Okay We read it though that okay the book will show it a little bit more Interest here on the bid and they're pulling on the offer We just didn't find enough buyers Okay, so again filter your trading here When not to trade is is so important is is maybe more important than when to trade Because we all want to press the button. We all want to like feel the excitement. We all want to jump in. We all want to Uh, you know have the um possibility to uh make lots of money But uh, if we know exactly what we're looking for Uh, and we filter out A lot of the things are that are not good and we only look for the things that are good Now we have the potential To uh be profitable Okay, this is something that is the development of a trading plan you can see Where i'm leading to on that that is something to study that is something to Go back and uh understand that this is I have a percentage around it I know what this looks like. I've seen it, you know hundreds of times maybe thousands of times And then look for uh that higher probability Move and then then you can start to wrap around that your risk management Okay, uh, so for example in here you'd be maybe you'd be getting in and you look for a retest back up here Maybe take partial profit up here. Okay. This is a very small range scalp But this is what i'm talking about here. No sellers down here are very little Okay buyers come in on the other side look for them to take it back up to the top of the range here And you can hold and look for a higher move 30 for example So let's go through where might you have gotten in here Stop would be down here Your first profit would be here and your second one might be here or maybe your second one is just a runner You don't maybe you even move it up Right. You're you're still bullish and and uh, maybe uh You take that and just say okay. I'm i'm just going to move it up to the next level of liquidity up here at 32 Okay, it makes sense Trying to keep it really simple Okay, and maybe there's even more up here at 32. Okay, but but now let's not start, you know Uh getting ahead of ourselves here. Uh, we're looking for risk reward management here. Okay Well, here's your one-to-one. You took some off already here basically at at this 29 level uh, and uh You know, you can move your stop to break even now if you want Okay, or you can move it to the overall break even we would probably be down here somewhere around 26 Okay, and this one up here. Well, we don't know but let's let's Look at a higher time frame then Okay, so let's look here Uh, maybe up into uh, you know, it could be a nice move up into 41 Maybe the point of control or i'm sorry the high volume node of this little section in here Okay, if you're a volume profile trader, it's probably right around here. You guys tell me, uh From uh, uh the other day, uh, this little section in here 1145 to like 12 30 or so. Where's the high volume node? Is it around 36? All right. Well, then let's look at 36 Well, we're not the only ones that were set 35. We're not the only ones that had that idea then, right? Here's some other traders here. So maybe that's your target overall here Okay But you know you you've mitigated the risk already you've taken some off already Okay, based off of the order flow in here or in the limit order book here Okay, and then you'd be holding right now. You know this really, you know trade management is uh, uh, so important and it's a very kind of uh Uh Is something you really need to be an expert at we all have to mitigate the risk uh, and uh, how you want to do that and Try to let profits run and try to cut losses early Okay, here here's a big iceberg Okay, totally absorbing it so far not much though only 36 But it's here right at 30. Good morning guys. Good morning jack Nice to have you in here. I'm going to be reaching out to you. Uh, shortly Just to let you know Uh, congratulations on your win Uh, of a blue jacket Really getting used to the drawing tools in book map. Yeah, yeah Yeah, just a few Um, uh things in here see see you guys like, you know, here's where like, you know, your risk management is just so important like You know, you look like a genius here. If you got out at 30 Right and uh, and then you don't have to put put up with this here If you put your stop at break even here, you'd be stopped out, right? Now If your other stop is down here your overall you'd make nothing on it or one tick if you get hit down here Okay, so uh, uh, this this is it's really up to you like, you know, you you you can't be bummed out by this Uh in here, uh You know, you got to stick to your plan and This this is you know, how you how you do it So what is it that you are comfortable with? And I would suggest this it's it's really up to you, but I would suggest this that Take, you know, get get some sort of risk. Um Reward here that Makes a good sense so that you can take these again and again And if you get stopped out on one, uh, you know that, uh, you know, you you won't be ruined if uh, you know, you you you just take one In one partial here or uh You know one full winner here, uh, basically versus one stop out you got to figure that out And uh, you know what how many times do you have winners? How often does this happen for you? Uh, because you get stopped out here a couple times on full full position That's gonna hurt Uh, and then you you got one winner. Does that make up for it? Probably not Right, that means that you got stopped out of four. Let's say down here Uh, that that would be like uh, what 27 down to like so a a point and a half um would be You know 75 bucks, uh for one contract right so 150 With two Okay, so 150 uh times two that's 300 dollars Okay, now what let's say you got one winner in here though. All right, so let's say 27 and a half on up to uh, let's say it's Let's just say it's 29 because it's not really 27 and a half. It's Or it's 20 It's a little lower in 27 and a half. So let's just say 27 and 29 two points All right, so you got one winner. You you're down 300 if you had two losses You had one winner up here, uh at with two points, but that's it's just two points. It's a hundred bucks Uh, you have you have a um a trailer on that, right? So basically, uh Your runner uh in here let's say it came up to here to 30 All right, so you got full winner here basically and um You're your full winner from uh 20 27 and a half on up to uh uh to 30 uh, so uh, let's say that's um Let's say it's three. It's two and a half points. Um, so, uh, that would be uh 100 plus uh another I'm sorry. This was one and a half points. That's 75 Uh, and this would be um 125 up here. I think is that right two and a half points. It would be 137 or whatever. Um, so 137 plus uh 75 so 200 bucks So you're you're see what I mean that you just kind of figured it out here. I'm just shooting from the hip here Uh, uh, you got one winner and let's say you had two losses here Well, you're still down a hundred dollars Okay, so well, okay. Well, then maybe you don't want to do that. Um, you know, maybe uh, uh, you'd rather uh Uh, have this one winner take care of two losses Okay, how do you do that? Well, then it's all maybe all in all out Okay, so maybe you don't take a partial you just move it to break even immediately Uh, and if you had your bigger winner like in this in this example here your winner would have been up here at 30 Okay, so you would have made from your 27 and a half on up to to 30 On on two contracts. Uh, so, uh, that's five points Right on two contracts all together So that that would be uh, you're 250. Um Is that right? and then one loss would be uh One loss would be your 27 down to so a point and a half here on your one loss Yeah, so that would be 75 that would be um 100 150 right so yeah, if you had two losses in here one one still doesn't make up make up for it Right, so I don't know. How do you want to do with that? Maybe you go to break even earlier? uh, maybe uh You know, maybe look for just a better a better trade opportunity to trade to 30 here Maybe just bypass it due to risk reward in here as simple as that Okay, you can see where I'm going though with this. This is something that we're here to read the order flow Going through all of this trade management. Uh, et cetera is is something you've got to do and it's oh so important Uh, this is what you want to stick with uh, and be very consistent with here. Uh, let's see here Being able to see the order flows is lying Yeah, I'm not sure jack what you're what you're talking about here. Um Oh mc loco. Good morning Okay, you what happened you changed your discord name. Good to see you back in here All right now look at this though guys. This is this is really important here, uh, because Look at this overall in here and you'd still be kind of in this basically because you know, it's an uptrend for example Uh, you know, why would you get out of an uptrend? You're with the trend Uh, your stop is down here and you know, you're looking for the potential breakout here of 30 On up into our 35 area, right? That's where your last maybe your last contract is up here There's a different risk reward here, right? Now look at this in here. Does this this is something scott talks about Does the market care about your orders? No, not at all this this has nothing to you know What this all of what we in through in here and making money and losing money on two trades compared to one winner, etc like this is You know This is the the magic here you want on your side But look at the order flow in here or the price action It's still bullish It is still bullish here. This is just a sideways consolidation with a bullish slant to it. Here's why Look at these are all equal lows here all of them. It's it's the same price level Okay at at this kind of 26 and a quarter or so some somewhere around there It's making slightly higher highs in here. Oh, so slightly, but it's still doing it, right? Uh, so there's still potential for the upside move here Okay, that's what the price action is What's the order flow within the price action? Well, we see buyers here some sellers You know a lower high here, but not a lot of sellers here doesn't break doesn't break the swing buyers in here does break the swing into into 30 And then equal low here Still seeing some buyers in here. There's exhaustion here, but do we get sellers here? No So i'm still looking for buyers here in the order flow Okay, that see the separation here between order flow now in trade management Okay, so we're still bullish in here And here's our move right now. Let's see it kind of unfold better than that 417 just got stopped out and But looking for this move up into 32 or higher here Okay, our 35 level Right, so here again is your trade management within the price action and order flow This is combining these two together is where you're really going to get the magic Right. This is where you're going to build A higher probability trading plan So I hope this is all making good sense here guys. This is turning into a beautiful move Up into uh just about 35 here Not quite there yet, but looking for it still Okay, jack. I I follow you now Yeah Okay, so, uh, let's see. Um There's our move guys 35 right And you know look you could still be bullish on this it it's not stopping right it's still going I don't see sellers really coming in yet Okay, now I do Okay, I'm if we get sellers below here Then I'd be looking for the move back down to about here 31 and three quarters Okay, so there you go now, you know if if you were still holding this Uh, yeah, actually you can still make a bullish case for it actually you'd be looking for sellers down here around 33 and a quarter or or You know 33 basically if you got a lot of selling in here, that's where you'd exit you could still be holding this though Okay, see what I mean you're have but you have to give up something to do that Okay, it would you'd you'd have to give you wouldn't take your profit here at 35 Uh, you'd still be in it right But you would take you would have to take your profit here But it came down to this kind of 33 area here And you saw sellers here not exhaustion. You saw sellers here All right, and you're not going to get that those extra two points You have you're going to have to give them up Uh pg contract, um That ice at 41 30 says 36 have traded yet 276 net traded At the ask Um, so the the um Yeah, let's go into that. Uh, this is a good question See see how see what I mean guys like you could you know, it's still it's still kind of pulling higher here so far So far we got to get more buyers again for this to trend upwards Let's take a let's take a step back Excuse me Let's let's take a step back here and then look at this bigger picture here, right? So yeah, here here's we talked about this like a potential like high volume note around 36 or so That's where we are If there's still more buying pressure. I'm looking for these wicks up in here. So I'm looking for 42 ish Something like that Oh, okay. So, uh, I guess uh, yeah, and yeah, I know you were you were I want to cover it in in hindsight though. Um At the 41 30 and the ice in here Uh, it's filtered out at the moment because it didn't make my my I know there's ice in here It's just not showing on the chart because of my filter Um, let's undo the filter though. We'll look at all of them in here Okay, so you're 36 ice here. Um Yeah, I I know it's done But this this is kind of what happened here one was executed here fully Or it looks like even maybe two are executed in here fully For 57 and then there was still someone else in here another execution here At with with 20. That's what happened here Okay, so, uh, you know, it looks like 77 altogether here for three different icebergs At the same price level Right, and then they then it started execute again here a little bit higher Around 30 and three quarters Okay, now when I see when I zoom out they all kind of aggregate together and it says 88 now it's just because You know, they're on different. There's five different icebergs in here Okay, but uh, it's kind of aggregated them together just so it's easier for you to read on the chart Here's nine icebergs up here. I I hope that answers your question About some of the ice in here And what's going on and if you want to compare that though to what traded here, uh, you know, you You can see 480 contracts now just just this these contracts right in here only here We see 480. Okay. Now if I zoom out more there's going to be more of course So I got to put that within my chart range To fully understand the iceberg up here or what transacted here at 30 Okay So yeah, here we go So actually we have um, we can split it out as well Let's just split out the data here Okay So the um Total volume here, uh, was uh, you know, 1,051 All right at this 30 level Uh, and that's these are the aggressors here. Not it's all the aggressive aggressive buying was 1,051 at this price level Okay, now the icebergs, uh, you know, we we can look at here and Well, it was around three Well, we see 88 here. So not many Uh, we're icebergs here Okay at this price level Now we the 461 up here, um Oh, that's a stop run. No. Yeah, so that's that's what that's what actually happened there. So not a whole lot up there Okay, but but you're talking about price range from 41 26 230. Yeah, that You know is a little more, uh, complex to kind of calculate there I don't know. I'm hoping and answering your question there. It's a little I know it's kind of difficult to answer in in text Uh, here, but anyway, um, all right So you can see you look like a genius if you held and uh, you know still still in it here, right? Again guys, like, you know set up like your risk reward in here Uh, and you this is something you're gonna have to go back and and really Dig into the details for yourself Uh, and only you can do it That's why we're covering order flow in here Uh, because there's so many different ways to trade We're just the tool in here, uh, the we're like the, uh The wood carving or woodworking tools or you know, we're the formula one race car. We're not the The driver You're the driver There's many different ways one a different driver will race that same car Right, that's that's the the point One, you know, uh Chisel or saw or whatever it is for woodworking Many different artists will create, uh, very different things From that tool And we're here to go through as many different kind of tools and kind of just give you Um a background an array of of different ways of of looking at this So that you'll find something that works for you And not only here in this webinar. This webinar is the foundation, uh here, uh the Thanks, uh I don't know if I call you a mclocco now or stonk stonk poppy. Um, but uh, whatever you like um, uh the um Uh, not only is are we going over I want the way we have our set our education set up with these these, um Webinars here is a foundation of order flow Uh that covers everything here Then come to our discord channel, uh right after my webinar. We have, um Tom be uh for with stocks in here I'm sorry with volume profile right here to traders lab tom be Come to this one right after that. We have options with dug come to that one He's going to go over options and and stocks and also stock indexes Right after that one. We have the alago boys in here They're going to go through their proprietary ways of looking at the markets So we're offering all this for you in the morning. We have a rain with cryptocurrencies So we have multiple, um Streamers in here going through a lot of different ways of trading Uh, and what this one here is to train everybody Uh on order flow Okay, and that that's our goal Right, uh, and uh, we'll look we can look at candlestick patterns in here If you guys want and we'll go through how to how to integrate that. I will go through, um Volume profile will go through uh patterns in here Okay, it It the funny thing here is and this is just something it's just so important to understand Is that The price pattern the candlestick pattern the volume profile pattern Are all made up of order flow So understand order flow And you can apply it to anything And uh, it will free you up to be able to do whatever it is you want Okay, I I've covered it for years in here that if we look at these candlesticks in here This is order flow or this is price action, but the order flow in it is what makes it up This is what we want to understand uh, and uh Understand like, uh, you know, we can't really see it in here because even the volume is separated out down below in the sub chart here So we don't know where the volume transacted in here. Well, that makes a big difference Really big difference And how much traded uh that we have like, you know one line compared to the next but Everything is separate here This is so antiquated. This is based off of You know the way that uh, people would would hand draw before computers even existed Uh, uh, they're uh, they're bar charts open high low and close for the day and put how much volume traded It's still based off of that. That's crazy. Uh, and and what kind of transparency does that offer you in here into what's really going on? Not much Not much at all So here Is where the transparency is look at not only like do we see the transactions and the other side of the transaction? With the buyers and sellers and with their limit orders But we also see icebergs Uh, very specific orders Uh, we see stop runs or stops Okay Who uses a stop? Well, that's a retail trader behavior. Uh, is to Uh They're going to be using stops because they we don't have larger accounts to withstand A big drawdown So we get stopped out look for the next one Okay, and hopefully we you know Have studied something where? We know we have an edge therefore if we take the next one It has a higher probability of being a winner Okay, and uh Then that will um offset the loss See look at this in here buyers coming in right? Hey, yeah, well You know likely it's coming up to 40, but however, I would not I do not think this is a high probability opportunity in here Hey, I the read is that you know, we still see buyers coming in. I don't see anything in the order book though Right. So watch this if we get sellers here Around 36 and a half Watch these sellers bring it right back down to well, you know 35 and a half maybe, you know 34 Okay, because there's no orders underneath here, uh supporting it Okay, so sellers can move it pretty quickly down here So you just maybe you bought in here And you're like, yeah, it's looking great. It's looking great. I'm looking for 40 And now you're getting now you're on your back foot and you're going to get stopped out And so wait until you see something really good Uh and then uh go with that uh that flow Yeah, see here. This is that behavior. I'm talking about See how the sellers come in Okay, now watch watch this that's leg one a pullback. Now. What if we get if we get a little more selling here Okay, we're bullish here. We're still bullish in here. I just I want to cover this like pullback though And how like because there's not a whole lot of liquidity underneath supporting this right now That the sellers can move it back down into these areas pretty easily Okay, so let's look at look at this up here. Okay buyers. That's good at the same price level. That's not bad 37 and a half Not bad, but they do they break it here? No Okay, they just they just trade it up here to 37 and a half now that that's good though in that sense And you can kind of see the p-shaped profile here Okay, look at this though here. Do we see buyers here again? No All right, so I'm actually looking for sellers in here And then for them to drop it back down to Maybe the middle of the range like right here 35 See that this is the behavior here exhaustion Okay, and then we don't really see too many sellers in here Just a bit here. All right here is looking a little bit better here We they came back up here again, but uh, we didn't find many buyers Okay So let's see now This would be a range break here Actually, it would be this is your range and we'd be looking for it to trade back down to here And your range your range break would be back down to here Okay, so there's some exhaustion. All right, so we're looking for sellers right here around 36 or 35 and three quarters And this is a counter trend trade here And the bigger picture Okay, so yeah getting some Okay, what about the order book? Well buyers can snap it right back up here. So I don't like it Let it pass Look for something better. We're still going to cover it. We're still kind of we're still seeing some sellers here So likely 34 and almost made it to it made it to 34 and a quarter So anyway, you know, we Look It kind of did what we thought but it just didn't look all of that probable Okay, we this was this was pretty nice exhaustion here uh After retesting back up here, but it tested the same level. So it's like, uh, no, not really If we get some selling in here, we'll likely get the move back down the bottom of this range here okay, so again, this is uh I don't know. Maybe you saw it on the high on a smaller time frame and it looked really good It's like, yeah, okay. I'll I'll scalp it for like a point or you know a point and a half or so Well, then that would have been a good trade if that's what you do You know the risk, you know, the order book wasn't really supporting you under on the on the offer So buyers could have come and whipped it right back up into here Okay, let's look at this a little bit of support here in the book. Do we get buyers? A little bit Yeah, let's zoom in let's look at kind of microstructure stuff in here This is always a good exercise All right, there's a little bit of support in here at 35 and then 34 and a quarter Yeah, still finding sellers though. They're interested actually in 35. So they they they trade it into it So I actually finding some selling pressure looking for them to trade into 34 now In a quarter and and maybe 33 and three quarters Oh, see see them add a little bit more in here. Let's just uh Kind of change the heat map settings a bit Yeah Try to get get an understanding here Boy guys, it's right in the middle of this Volume There we go. All right. All right. So let's see now look at The volume in here this you see this whole range. I mean, there are buyers down here that where they it didn't really transact much down here So this is a discount down here Guys any any questions over in youtube? It's been kind of quiet Yeah, sellers are still in here. So it looks like they want to transact into this level here looking for them And and you're going to find buyers down here late that at the bottom of this little area in here They're going to be buying the rejection of this area here You're welcome scott. Just observing Yeah, welcome to the webinar All right. Now look at this in here. See how they're kind of bidding up a little bit more here Question is what's the reaction? Do we find buyers here? No, not yet. What about now? Little bit. There they go. Okay. And look at the book. See the book underneath here Okay, not bad. All right. Let's see them trade back up to the top of the range here at 36 or 36 and a half Can they do that a little bit of volatility? They're still in the book though here. All right. We're finding sellers though Okay, this is where it's going to get really interesting All right. So now is let's see here. Let's watch this dynamic right in here Hey, there are buyers here. Let's look for some transactions And what if we get our buyers up here at 34 and a half? Then I'm looking for them to take it right back up to here to 35 and a half one point All right, we're looking at small timeframes in here right now But guys, this is no different than higher timeframes really there it is. Okay So looking for our buyers in here now. Let's see if they can do it See we had exhaustion and then buyers here Okay, so here we are they're auctioning here again on the offer Let's see if they move it up to 35 and a half Here's a little bit more on the bid and there we go. There we go Okay, so we're just looking for that And we got it Okay. Now again, this isn't really it's just understanding the order flow here and That's it like You know, we didn't we're not even going to talk about trade management on this Uh You if you want to scalp there's a lot of different ways to do it as well And uh, you know, you'd be cutting your losses really quickly on some of the scalps Uh, potentially Okay, and look where we traded here To this liquidity up here 30 36 and a half we talked about that Or this swing up here Earlier And let's zoom in let's go through the You know, this is always a good example to go because we can really go through it. Um In detail in here we have to be quick though Okay, are we getting buyers up here again? Yep. All right auction up into 38 39 38 and a half. Let's see Up into this area here In liquidity And this also demonstrates here what we look at on all time frames again Look at the buyers. Okay. They created a new level, right? New trading level outside of this range here Okay, did it accept so far so good and they're still auctioning up here See how we we saw that it was still auctioning up here. That's the key It's still auctioning up here. It's likely going to go explore higher because it's still trading up here Right. That's when we look for it to to continue higher Okay, there's some Some trading up here. Ah, it did it did make a higher high. Look at the structure as well. They were the price action Okay, look at them underneath here, right? Okay, let's see them fill into 40 now See how they're underneath here like trying to print now. This is how larger players can get filled in here watch this You know, this is where you get other other traders in here that Uh, they'll take their profits up in here before Before this high liquidity here Right. That's why a lot a lot of times we'll come up here and they just don't want to tangle with this liquidity up here That's why they're skewing the order book underneath to try to get it up in here so they can get their fill All right here another rotation like these guys want to get filled, right? So let's see them skew the order book again underneath here and let's see if we get our buyers And if we do 40 should be the target. See nothing really in the order book in here Now it's starting to show a little bit of action down here They're coming in on the offer note as well Okay, well, what about down here? Maybe we'll get See how they're kind of down and this is where uh, the high volume note is down here a little bit in front of it 37 where they broke out here on the bid Okay, so maybe that's what if this is a small, you know low time frame trade Maybe you'd be scooping it up down here Okay, now look for buyers to come in Here it can an auction here Yeah, a little bit now. Look, this is not a trade recommendation. This doesn't even look very good to me But the concept is this They came down here We're looking for buyers here and we'd be looking for a move back up into Maybe where it can trade up here previously traded up in here All right, so maybe 38 and a half but ultimately 40 Okay, well we'd drop lower here still on the bid here Supporting it. All right. Let's see some buyers in here. Let's see the move back up to top of the range here Uh around 38, but you know, it's still the the high liquidity is up here All right, let's see buyers right here 37 and a quarter. Yep. All right. Let's see if they can lift it now still trying Nope exhaustion here at 37 and a half And not much going on Not a little more selling here 36 Okay, all right. Let's see again. They're on the bid here at 36. You can see some of that liquidity in here 189 And this looks good All right, let's get some buyers here at 37 There they are a little bit. That's not that's not enough new more than that That's exhausting out just not finding buyers. Okay, let's see if we get up here though. I'm really curious I think we're going to get some buyers here at 37 And then we should get if we get buyers here at 37 You know like a big dot green dot 38 is the is the next area Okay, because of the liquidity up in here Okay, and then we can get maybe up to 40 or 39 and a half Well, thanks vibe. Um Just saw your video the other day of the other market on Side in the boxes Oh, yeah, yeah, yeah the um Uh, I I need to show that. Um, you know what I'm I'm gonna give you guys a sneak peek and I'll go over it more tomorrow Um The I'm kind of waiting to see if like we get our buyers in here just to get up to 38 Because this is a good area. Uh, we've got some volume here to lean against We've also got some orders here to lean against at 36 So I'm looking for buyers in here and I'm looking for them to move it back up to liquidity here at 38 and then potentially 40 And I'm looking for that to unfold that scenario to unfold now This is like really very low time frame stuff, but that's what we're looking for here, right? We have our reasons for it liquidity 36 volume here that's actually at 36 and a quarter, but the high volume node down here Bouncing off of that Okay for buyers to come back in and try to move it higher here. That's what we're looking for Right and look at that. It's pretty paltry here. That's not the kind of buying we're looking for here Right, so Yeah, I I'd probably give up on this trade and like just scratch it If I see more buyers up in here again like the kind of dots I'm looking for then I I could enter again And and look for it to move immediately if it doesn't I just you know scratch it again Yeah, here we go. All right here are buyers now. They should be able to move it. They're up at 38 I'm still looking for higher though Okay, retest back down here Finding some buyers now. They got to move it though. It's just can't buy right here at 37 and a quarter We got to get a little higher Right and that top edge idea or like I'm sorry that Um Weak top idea is the same concept right here in this very small time frame. Do we get buyers here? No, we didn't actually we got a weak bottom here See you see the weak bottom here. See how we got selling down here and then they're able to move it, right? So what we wanted in the scenario was we wanted to see buyers up in here For them to move it We didn't get it. We got the opposite And now we're back down to the same level here as before Uh, and we're looking for buyers to still support it here and um Just finding some sellers in here Yeah, it does it does seem to want to rotate lower here Uh, the concept's still the same though and look at the volume in here. It's still kind of a high volume node So it just went a couple ticks lower Um, again now again, I'm looking here. Here we go 36 and a half Let's see 36 and a half again. I want to see a weak top Okay, I want to see transactions up here Nothing Okay selling just driving it lower here. Okay. Let's see now here. Here we go. All right. So now can it continue to buy here continue to buy Yeah, yeah, I think they can move it up to 36 and a quarter There there's some buying right. That's what we're looking for a little bit more And here they're pulling at 36 and a quarter. That's good. Are they adding on the bid a little bit So let's see the buyers move it on up here Okay, and 36 and a quarter would be a good, you know starting point here to ease out of the trade and this Boy, I'm kind of fighting a trend here. This is obviously in a downtrend But we're looking at very small time frame stuff in here Hey buyers some Yeah, yeah, all right now. Let's see you move it though now. They got to move it. They can't just buy into it They got to move it These guys here that if they can't move it Like they're they're going to be sellers down here All right. So now at auction back up here again Not bad Okay, I got to see a bigger dot now here and we should get a nice move back up into 37 And it's not much as a point and a half right guys, but it's a concept here Okay, once you understand the concept Then you can apply that see see where this is why we look at the higher time frame you can apply that to higher time frame This is like the support area down in here Okay, it's actually a higher time frame support down here 34 We're looking for that support here and it kind of it did go up to 38 right It did it did do that. Here it is. Here's the proof right in front of us. That's why we we were leaning against this earlier in here 36 all right, we knew they're on the bid and And there was volume trading here And now we're looking for the Buyers up in this area here and for them to move it up into our 38 Hey, we got 38 and that was it It it hit that liquidity up here at 38 right here Okay, and now it's selling off again Or sold off back down lower All right. Yeah, I'm with you captain price. It does have a feel here like sellers again here at the low Looking for them to trade down to 34 But see see what we're going through in here remember. Okay. We're looking at this in here is really zoomed in right here I'll just leave for this concept. Then we got to go because tom b takes over and I got I got a hold on to Only an hour and a half or a little bit less so that everybody has their shot in here And not to encroach into to other guys periods here Anyway, this concept is this This here right this 36 in here as being support and you know looking at a high volume node and then looking for buyers in here And then we did get the move to 38 is no different than this in here Right, we're looking at support down here on a higher time frame at 34 and below and below Okay, and we'd be leaning on this now. Look at this though. It's a little different in here They're they're on the bid down here Okay, this is a low volume node though So is it come down here and auction into this area and fill it in? Right, we're looking well, if that's the case, we're looking for sellers at the bottom edge here We're looking at our p-shaped profile And we're looking for sellers in here Maybe on the offer to push it into this area down here and these guys to maybe start pulling on the offer here And here we go. Let's see if they can do it now Okay, so looking for a kind of auction off in this a different Concept is the same. We're leaning against the the bid in here, but there is no volume in here. This is a low volume node Nodes So what we're looking for is to it for it to auction in here and see if it accepts in here or not So that that's that's a bit different Whereas here we're looking at liquidity in here Uh and for it for it to bounce off the high volume node Guys, if you like this, please hit the like button And uh really helps us here uh The more likes we have the more, you know, we can uh Do this kind of education for you And you know, we we can also, you know, please put in some subjects in here that you'd like me to go over In the order flow happy to do it in fact, uh, many of you like a reach out to me or support and You know request it. Well, how does this work or you know request something? And You know, we'll do it right here in the live market because if you have that question It's likely others are going to have that question too All right, so Anyway guys, so good stuff in here We went through didn't didn't have time to show you the correlation With the new alago in here. I'm going to go through it tomorrow With you guys in more detail. Okay. It's the it's the price change not the volume pressure, but the price change Thanks for coming everybody And uh hit the like button and we will uh There is no time frame in here. Miguel would just keep zooming in and out. You can see it in the vertical dotted line 15 minutes in here if I zoom in though it changes to now five minutes, right? So anyway, thanks guys And we will catch up with you tomorrow. Tom B is next