 All right. Good morning traders and welcome to the all markets live order flow analysis webinar with Bruce. All right. Good morning traders And that's me. I'm your host. So we'll go through order flow Live order flow for any market that we can connect to if whatever you guys want to look at typically is the S&P And we just stop right there Good morning. Now Louise and But we can continue on so let us know What you want to take a look at anyway General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations The risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results All right. So, uh, let's jump in to take a look at the S&P E mini You can see that we have 10 o'clock data right here And how do we know that? Well, not just from, uh, you know Being prepared for the day but just a Hammer hammer home some of these simple ideas again and again Uh, just so, uh, you know, we're on the same page and we we Start to look at book map and start to understand. Well, wait a minute. Something's going on here The order flow looks different here. Why? All right, so, um the the the answer uh, good morning back, uh, is uh, that we we had data and Good morning slow down. Um the, um The data, uh, was the, um, uh Let's see on friday here. We have the, um Yeah, the the university of michigan, uh, consumer, uh, sentiment, uh, you know, this is a pretty I don't know why like this is not that big of an event. Uh, it's big enough for a lot of a lot of, uh, liquidity to be pulled here as you can see I think it's probably gained a lot more, um, sent or a lot more kind of, uh, um, importance due to, um the, uh, interest rates, uh, and, uh, consumer sentiment and cpi and You know, all of these things that are revolving around, uh, interest rates and, um, the economy right now, uh, but, um Something like, you know, the cpi or the retail sales is way bigger than than this So anyway, but it is giving us some insight and we see the market has reacted to it So it does have some importance here, uh, clearly All right, so I mean, uh, traders are pulling their liquidity, uh, across the board in this little area before the event Okay, and immediately, uh, after the event of the event, you can see them starting to come back in Okay, now this is Again, like such a great example of how markets work How markets function You need traders in here Hey, this is not a math problem. It's not some sort of equation. It is a market In a market you have buyers and sellers In book map here, we are showing all of that activity Okay, candlestick charts don't show that they just show price Uh action what has transacted Uh, that's it Okay, so what we're showing here are three elements on this, uh, screen Uh, and let me take each one off and this will just be, um, just a a bit of a, um Uh, a reminder here, right? So, you know, when we're looking at candlestick charts in here Uh, you're only looking at open high low and close of each period And that period ends it starts again a new you don't know what happened within this period You try to read this like it's tea leaves at the bottom of your cup, uh, the um And try to understand like what happened in here. Where's the volume? Okay, it's a big candle open high low and close great All right. Well, you know, is this buying pressure in under here? Do we find a lot of buyers coming in here? Where did the volume take place where the other traders The traders and how are they participating in the auction process? We don't know right, so Uh, what we show in book map first is streaming best bid and offer This is the price action pure price action that happened between this period And this period here And you can see little areas of consolidation breakdown retest back to where it broke from And a move lower you just can't make this stuff up This this is a mini head and shoulders right here inverse head and shoulders Okay, it played out beautifully in fact Uh, but understanding this Micro structure and I just I I bite my tongue when I say that because it is not micro structure It is just smaller time frame structure Micro structure refers to sub second levels and any quant or you know, uh, algo trader is going to tell you that so Anyway, what we are looking at here is a smaller time frame And maybe I just have to bite my tongue and go with it and say it's micro structure Everyone seems to be accepting that as the the word In definition. Um, anyway, uh, look at the structure Okay, and look at the reverse structure out of here too. This is how these markets work Uh, they're going to be a lot of selling in here. Probably a stop run as well Uh, and then we see some uh back and forth in here and a breakout of this little consolidation A retest of that consolidation And to move upward Okay, back to the top of the range And then if you take a measured move of this structure Okay This is going to work out and this pattern completed Right right to it boom and look where it went right to where it dropped from up here Okay, so uh, anyway Uh, what we're trying to show in here is the aggregated data within the candlestick is not giving you Transparency into truly what is occurring here and this is only one element on the book map chart is pure price action And you can see how The details in here and understanding these market structures in here are so important Okay, because these concepts that you've read about in books or seen on videos, etc They play out here and there's reasons why they play out due to the participants behavior in the order flow All right, so Let's clear our drawings and just making that point that we're not getting much transparency in here Due to the aggregated data. This these are two minute candles in here right now. That's what we're looking at All right, so now the second element on the book map chart Uh, we'll take the candle off. Uh, let's put the volume on Okay, where is the volume transacting in here? And we'll look at the heavy selling coming in Uh, and then look at the the buying coming in here Well, let's just look at relative volume here And now obviously this is the data here right at at uh at 10 a.m That's a lot of sell volume. It is dominating this view here in the chart. It is dominant Hey, look at the buy volume. Look at the bars. Look at the size of the dots and the color of the dots in here Hey, in fact, there's a little little big in here. Let's just make it a little smaller. Um You can see that this is like basically kind of a low volume pullback now It's not that low, but it is lower than this move here We don't find buyers that want to take it higher You basically exhaust out right here on the buy side the aggressors. They're not willing To take it higher. This is giving us insight here So market structure together with understanding volume Is giving us tremendous insight And these are two elements now on the book map chart There's a third element and this is the one that everyone gets kind of confused by But we're just in reviewing this in here These elements for for new traders, but also it's a it's a great review for for all traders Uh, you know To understand these elements clear more clearly On the chart. This is what we want to read and this is what's going to give us an edge In the order flow All right, so the third element is showing the who's taking the other side of the trade This is the auction process and this is what is considered the order flow All right, the order flow are the limit buy and sell orders Okay in the current market and the historical market and book map Because we take that data from the current order book in your dome your depth of market and we plot it on the chart historically Now we have a context in here of understanding. There's high liquidity up here before the data Very very high liquidity. This is showing a lot of supply here a lot of sellers layered here, uh up in these areas Uh and uh, uh the buyers never take them on Okay, they never they trade maybe a little bit into it here, but they don't trade into this liquidity whatsoever All right, and and then you can see that some of them pulled in here. This is the point I want to make here That in this auction process Where are the buyers and sellers in this little area in here? Let me let me uh outline it with a rectangle They wear the buyers and sellers in here. They're here Okay, not much too. They pulled a lot of it right and where are they that's on the offer. Where are they on the bid? They're down here And now this is the majority of them There's also all sorts of liquidity. You can see the shades of blue in here or shades of blue in here as well So there still is liquidity in here, but the majority of them are up in these areas in the heat map That's what book map captures via the heat map uh, and uh, my point is here that volatility and getting into Spending 10 minutes on this. Uh, sorry guys. I didn't mean to do that. Um, But it is an important review Uh to spend some time on here Uh and understand how these markets work and what book map is displaying and how to read it because if you understand this Uh, then you can understand if price comes down and trades into high liquidity down here on the bid And we don't find any more sellers trading through it And we start to find buyers come in on the other side. This is really giving us a lot of insight Okay, right after data too Uh, we would look for a pullback into this price action in here And now it happened actually beforehand Uh, never traded down here, but in the auction process, it's very simple buyers are here Sellers are here the aggressors of the market buy and sell orders are the ones that Uh Can move the market toward and and trade into And with these traders willing to provide liquidity and be a buyer at these price levels And that is the process we're going through Okay of these three elements on the book map chart All right, so let me take a look see if there's any questions. Good morning, steven Uh, and uh over on youtube has everything. Um Does it show people underwater? Okay, so you mean like uh trap traders basically is what you're talking about hunter Um Yeah, absolutely. We've been talking about like in fact, I can refer you back to our our youtube channel there Uh, and uh, there are many like right here Perfect example right right here right now see these sellers in here We know it's a stop run. We're looking for buyers above these sellers here And where are we looking for these guys to go To take it to tre to trade back up to the top of the ranges here, but the liquidity up here on the offer Okay, so these guys are trapped right now Uh, and uh, or there's they're stopped out. I should say uh, and there's going to be some trap traders in there Okay, now did we trap did we really trap them though? Well, they can get out now Or maybe they're still in it Right, this is what we want to ascertain in here Okay, is this little area right here? Okay, we covered this in detail Uh for about a couple weeks now Uh in previous webinars, uh, and I would say that um, yeah, maybe this isn't such such a good Maybe it's not such a good example of some trap traders Because we've come back down here and uh, well, maybe maybe it is actually because like uh this buying in here Uh is probably these guys shaking in their boots Uh that I was going to sell it Oh my god, it's coming back to it went against me. It's coming back to my entry point close enough. I'm out And that's this activity here. See how we can start to Now that's an assumption, but we see this all the time Okay, so uh, if that is the assumption in here, uh, we're we're starting to understand though And we know we know though that this was a stop run here that is that is uh, um Just uh a truth this is this is the raw data in here with the stops in icebergs MBO bundle from from book map Uh, so it's only only works with cme Instruments that offer mbo data Okay, market by ordered data All right, so anyway, we can read that we know that and then we can start to look at traders that are potentially underwater And where price might potentially reverse as well Does book map have value lines like footprint? Um, so I I feel personally that we're showing quite a bit more than foot footprint is Footprint is showing we actually do have an add-on for footprint right now But it is still kind of in development. It is not ready for prime time Uh, but uh, uh, we're showing quite a bit more like I was just demoing in the beginning of the webinar We're understanding the Price structure and the volume and the auction within it your footprint charts can be kind of similar to a candlestick chart That's going to show you a bar of where the volume transacted on that bar Again, though, it is aggregated data within that so it just smashes all of this um Volume into your numerical values here on your candlestick on a bar Okay, and you're missing the structural details in here as we had just gone through Right, so now you can see like we just as we were just covering this to answer your question Uh, we're well, we know it's a stop run We know there's potentially trap traders in here and I think in my opinion They like this is some of those uh traders here buying to try to maybe get out of their position Uh, and then here though, this is new buying coming in In my opinion Okay, because we went through all that sent all those scenarios down here and understanding what might be happening here Uh, we know it's a stop run. So what does that mean? Right now if we find the new buyers starting to come in And we can see this lift back up into the swings that we talked about Uh, and the liquidity uh areas and target these areas here Uh, in the uh in the heat map and that's exactly what we've done Right, so and we've come up to this swing here as well Uh, this is not surprising to see sellers come in now Uh, because it's traded into high liquidity up here is traded to the swing here Uh, and then looking for a pullback All right, so uh Good good stuff in there And answers your question as well as elaborates on the bigger picture Uh of what this might be turning into here Right, so maybe this turns into kind of an inverse head and shoulders as well And there's reasons again for how these why these patterns are called Uh, I I always get myself in trouble here. Um It does not matter what the pattern is called. What's written in the book It's it what matters is the order flow within this pattern That we want to understand. I don't care what we call it Uh, you know Same with patterns and candles patterns and volume profile It is the order flow behind it that we want to understand And that will give us much deeper insight to either that pattern failing or succeeding Okay, so for this to be a head and shoulders like Well, this would be the pullback we'd be looking for for example. So this is a this is starting to Uh get interesting here. Uh, I'm not sure this is going to work or not Here's why Okay, so here's our line Here's our head Okay, and it kind of did a double bottom here Uh, and then um Let's just uh, yeah do one more Uh, here's here's the the big move here Okay, the impulse move here Here's our pullback We're looking for this to do and if this is going to be a head and shoulders pattern It should do another uh impulse move after the pullback Hey, it didn't This is where we can we can read it though in the order flow and say, okay, so it didn't Where did the buyers come in here? Why why didn't this hold here? They start to understand some of the details in here. There's high liquidity in here too Supporting it right here. Let's get rid of the candles High liquidity right here supporting it And uh, they the sellers take a monotrade right into it and through it on selling pressure Okay, so this now this pattern is broken And so maybe you took the pattern maybe, you know, I mean it did a measured move and everything Beautifully worked out beautifully Uh, you know, so uh, but we'd be looking for the this to turn into a reversal We're looking for the next leg up Okay, and that has not happened all right, so Anyway, we we come back down here again Right to where these buyers initiated this move here right in here Now this is again how your footprint chart is going to show you the volume And it may give this as a high volume node here It may but look at the details you can see in here Look how you can see the buyers came in and lifted this and shifted this away from all of this in here And that's what we want to get insight from all right, so uh Anyway, we also um compared the footprint chart. You're not going to see the other side of the auction Now where where would it go in footprint? Well You you don't really know At least you have much better insight that this is a potential target with this high liquidity on the offer Up here. All right Okay, so So you can identify passive entry Yeah, sure. I mean these are these are passive entries in here right here Well, it is a passive buyer. It just means passive uh, we refer to and define as um limit buy and sell orders are passive Okay, they cannot move the market they can stop the market from moving But that's all they can do And that's huge though now. I would I would highly recommend uh Hunter that you go to this is jackson hunter jackson or is this uh Just curious Worked with you in the past um so Which was a lot of fun. I really enjoyed working. Um, so uh, hold on a minute. Um Let's go to bookmap.com and then I'll show you here what I Would highly highly recommend here is go to bookmap.com. Click on the more button here. Go to the learning center Here Okay, and then in here Go to this area here the market mechanics course And go through at least part one. Okay, it's an hour and 10 minutes, but Uh, you'll go you go through the market mechanics course. You'll understand what passive and um aggressive and all of that might you know, all those definitions are in here They are understanding that uh is in here Okay Hope that answers your question Yeah, I mean if you really want to boil it down, um hunters so the um You know the time if you're talking about time and sales well, this is kind of like your time and sales right here Let me take the heat map off again Okay, this is kind of like your time and sales right here on the horizontal Okay, so you can see precisely what you have is a lot more than time and sales in here Uh, this is a composite view uh in uh in bookmap because uh And and why i'm covering this because we need to get back to the live analysis here But why i'm covering this is just so you guys understand maybe a little bit better if you're you're you know Uh new in here or even uh, you know older more experienced bookmap trader um You know you can look at this here as your time and sales, but it's on the horizontal instead of the vertical Okay, so let me open up a time and sales column for example And i'll show you And so here's your time and sales column in bookmap you can filter it to Uh and see see the numbers here see the size trading as it goes by This is it lines exactly up to these dots here This is what's transacting here in time and sales Here it is in bookmap visually graphically with the size and color of the dots Okay, now these are it's a it's a little bit erroneous. These are delta dots here, but we can go to this, um Here and then look at total volume, uh, and then Yeah, we have it here and it even aggregates it together here. You see that the This is like a pie display here Showing buying and selling in here, but it's showing you the overall So there's like three quarters of this is or two thirds of this is buying or selling and then one third is is buying Okay, and what you're getting here is the time and sales unfold here You're seeing it here, but you have an a more composite view here Because what you're looking at is time and sales within structure Okay, and that's really valuable being able to see this structure So your time and sales what happened down in this area here you do not see the structure Over here Okay, we do here in bookmap And then you can see like well, there's not a whole lot of buying up here, right? There was more selling down here Interesting. All right. So if they're not going to buy up in here We're going to find sellers probably rotate back in and retest here and maybe be able to even extend it below And that's how you can get trending moves so Just kind of just throwing it out out there how you can maybe consider looking at time and sales On the kind of horizontal set of the vertical here with numerical values Okay, so let's hide that column And then we'll put the heat map back on And we'll also go to the volume dots here settings And I like the volume delta and this is the default view is buy minus sell All right. All right. So here here's another pattern here. Let's go through this pattern Okay, so This is like a a wedge pattern here. Okay descending wedge Okay, so we're making lower slightly lower low here. This is could be a trap volume and stop run here Move back up it made a lower high though, and we're still making lower highs and Haven't quite made an equal or lower low, but we came pretty close here So in the pattern, we're looking for sellers to come in hit the bid into this liquidity And to target it down in these areas here a measured move or something would probably be around this 4380 level down here Okay, now Is this pattern going to play out? Okay, well, let's read the order flow within it to give us insight So let me let me be a little bit clearer on the pattern. I'm talking about Okay, we're looking at To ray This pattern Here and is it going to play out It is starting to test it here Okay, now the the question is and you can get some insight off of this one. I don't think it's the best, but it's not bad Uh is uh would you Anticipate this pattern to work out in a scenario here Uh pirate trader It's I sound too sexy stop it Uh guys, uh, well really really nice to have you in here charles, uh from pirate traders Uh guys, if you um our volume profile trader or you're interested in volume profile, uh, you should go there It is excellent. Uh what uh His his webinars and what he covers Uh and especially like a really really deep and very clean and clear understanding Of dalton and volume um volume profile. It's it's really really great. Uh, so Uh, you want to get that bigger pictured um understanding You know, that's the place to go All right, so um You you'll find it on on our streams here. Uh, let me show you Hey, if you go here to um our youtube channel And then under live streams here You can click on this and open it up or you can scroll on the side. Uh, and then um Scroll down a little bit Uh and here it is right here Is it that long ago? No, it should be We didn't have all these events this week. Did we I guess so Uh, so this was the latest one which was four days ago. Yeah, that's that's correct So I'll put this into the chat for you guys. Uh, so what you can check out Is stream here Yeah, tom gun. Yeah, it's really excellent stuff, uh guys So and and talk about market structure. We were just talking about it earlier Uh, and how important it is Uh, and we're going through this pattern in here as market structure and you can see it's failing here Uh, so we'll go through this down here And I was just about to go through why this doesn't look that bad that this that this would be the outcome here That this would break Hey, we don't have all the pieces down here for really something high probability or higher probability But it's looking pretty good and I'll cover it in just a second. Uh, but um, the um Uh market structure, um, uh stuff like um on the higher time frames Uh, this is where you know, really really get a deep understanding here Uh, and I love the way that charles goes through Uh, his his scenarios in in the very beginning Okay, so we what do we have right here? For example, we have an inside day Okay, so all this price action here Uh from yesterday, this is a daily candle here on the left hand side Uh, we're we're within that price action So we don't have any kind of order flow or or we don't have price action at the edges Of all of that this big candle from yesterday Uh, so we're going to be looking for something else in here. We're not looking really for a break of this right now Uh, you know, it's within this range here. Uh, and we're probably going to hack around within this range here Hey, now, maybe there's some Exogenous event or like something that happens in here that brings us down to these edges here later today And then we'll be looking for you know something It might be there's a lot of geopolitical stuff going on So we may get down into those levels Um And or up into these levels here as well Okay, so now we're going to take that same kind of analysis here on this time frame and we're going to Like extrapolate it to the hour chart here in the middle They and start to understand the same concepts here. Um, it is a little different. Um, charles is probably cringing. Um but Because it is candlestick and I don't like looking I like looking at daily candles Um, it makes more sense to me than looking at other time lower time frames Uh, which just why divide up the chart and what kind of significance does an hour have really? Um, but um And then a 15 or a five minute like, you know What does that mean like just because it's a the the time frame? It's just an easier way of looking at more data In my opinion Anyway, let's take a look at this here. So on the hour chart, what do we have? Okay, so we have our big down day here Uh, we went below the rain. I think we Think yeah, so this is the close yesterday. So this is I mean here's market structure right in front of us Right here. Look at the swing here This is where we gapped down and we rose back up We came back and top and tested the top of that area. We went below the swing here and tested this area here Okay, and we gapped up today Okay, we are filling that gap right now All right, so uh, you gap gap traders in here. This looks like a pretty high probability, you know gap fill Uh, and in fact, you could you can look for this is something to study for your Uh, your strategies Hey, we have some wicks up here We don't find enough seller or enough buyers to take it higher here. We had data Okay, that's the big shift candle here, uh, and then We've traded to the tops of these wicks from yesterday Okay, the true gap fill is going to be down here at 82 in a quarter or so Something like that. Okay, and we haven't gotten there yet All right, we see some maybe some profit taking maybe some buyers starting to come in right now Okay, that's what we're seeing in the candlestick here Okay, so we've even come back up and retested some of these little areas in here In these wicks, uh, where we uh, we opened here Okay, so we what we've seen is a retest hire a shift retest of these the price action from yesterday and then come back up and kind of test the uh, the open again here All right, so if you're a gap trader, then you want to know in here Like is this just a pullback and now you're looking for the the the gap to completely fill Uh and trade back down into this volume note down here All right, so let's take that Uh idea and hypothesis and then now let's go to book map and look at it in the order flow Okay, looking good. All right, so we we had this this pattern fail came back up in here Look at the seller power come in here and look at it again here All right, so let's uh Yeah, we're looking for this to uh come down and and trade into this liquidity down here Okay after trading up into this liquidity on the other side here All right, so now what else do we have though on our side here? To align us uh with this potential move Okay, and that's kind of where we left off down here to be honest, uh, and I said it was um Uh not bad, but you know not the greatest either All right, so let let's Yeah, let me go through this really quickly and then we'll cover the the live price action because i'm actually kind of curious to see What happens right here? Uh and this kind of little area right in here around 89 ish okay, and uh Yeah, if we can get here we go let's see if we we're looking for sellers down here around this 87 and a half And now momentum and move into 85 Okay, so this is again. We talked about trap traders. Well, this would be it Okay, potentially buyers, you know trying to catch the bottom here I don't see it much as a stop run in here So I'm looking for the stop line actually down into here All right, so that would be the quick kind of analysis on this At the moment now we have more liquidity on the offer more supply Okay, so let's see if we can get these aggressors here to move the market away from that area and trade into this liquidity down here all right That's the quick analysis in here Um and just looking for it to unfold and there we go Okay, so there's 85 Uh, and I'm I'm actually um still looking for this to Uh play out and and trade lower Okay, at this point. So now we might get a really really nice move here Uh and trade back down into 80 and what was our gap fill? Let's go back Our gap fill is around this 82 Area All right, so just align that here uh in book map. Here's liquidity here Uh in book map if you're you know, uh playing the gap or if you're looking for this to not only hit the gap But he's to continue well, then you would just you would manage your trade and take some off down here Okay, now again, this is not trade recommendations here. It's just going through these concepts of understanding like a gap fill for example or um aligning that with a pattern in here Which initially failed uh, and then uh, and then you can see that it worked out or Seems to be working out now Okay after the failure Right. So um, yeah, we're and we're we're looking for it uh to to fill here. So And then let's just cover this one here. Why why was this okay? Not bad for for to To for this pattern to fail Kind of the same thing that we're just looking at uh over here Remember how we just went through this scenario in here Uh, we had a little bit of a pullback Uh, and then we're looking for we're looking for our sellers below that area or below these guys here Actually, so right in here is where we're looking for our sellers To trade and test down here and then get maybe continuation All right, so same thing here Uh, where are our sellers here? I don't see them. I see I see some selling in here. I don't see a whole lot here. Maybe just at the very bottom here Okay, what about here? This is even worse Where are our sellers here? This is totally I see buyers here Okay, now that could be good if we get more retest down here and more sellers again here and then then the push through But at this point here and we come back up and retest here and we're getting more buyers starting to come in And more buyers coming in up here. We've broken the pattern We've gotten a retest back to kind of the top of this area here and Pretty close to our trend line break here We rotate back up and we get more buyers in here This pattern is more likely to fail at this point. Okay. Well, it's It's kind of failed here since it broke it But this is where we're looking for it, you know more likely to fail now We didn't have all the pieces down here though And this is where we want to start to grade or start to understand the order flow in here and um This will give us help give us an edge Okay, so what do we have down here uh to like potentially take advantage of this? Okay, we don't have a whole lot We do have the volume though. Okay, we do have the price structure and we do have the volume Okay, so price structure wise we're making we're not even trading really into this this liquidity here Maybe a little bit here uh at this 85 level It is not trading back down to the lows though And we're not finding sellers here Okay, so that's that's pretty good Um, they are bidding up It'd be better to see them bid up a little bit better. I'd like to see it like a really pretty strong bid here Uh, and it's pretty weak and they're they're kind of pulling in and out here So it's not giving us too much insight Uh, that you know, there's a lot of buyers in here that want to want to trade and and and take this To the upside so we can't really lean on that too much here All right, uh, secondly, uh, so but we do have the aggressors This is a double bottom in here on a small time frame And uh, we're looking you can see the the volume di divergence in here clearly Some sellers here very little and in fact is buying Okay, well, that's that's a good thing. Okay, we're looking for that uh, however, you know We want to see a stronger bid in here, uh, and maybe even a stronger divergence here, uh in the uh in the buying versus selling All right, so if if we look at, um The uh cumulative volume delta for example, okay, we're going to see some divergence here at least we should Okay, here's our low And yeah, I don't see any divergence in fact, so we didn't we didn't get it I I would imagine we would get it due to some of the buying in here But we don't okay, so cvd didn't help us Okay, what about stops and icebergs? Uh, not really a little bit of help here maybe with some icebergs, but Yeah, not bad actually on It's not the greatest in in icebergs. Uh, we don't really know the game here We just know that they they are buying hidden orders are buying in here Uh, they're buying a little bit up in here. It's just kind of odd, but uh, and they're buying In here, uh as well Okay, so we don't know if that's covering. We don't know if it's uh hedging Uh, we don't know, uh, it is larger player behavior though that that much we do know and we do know that they are buying All right, now we can get a lot more insight when we get a kind of a bigger, um You know, uh data point or understanding, uh of their, um larger player Behavior, uh, and it's not it's not the greatest, uh in here Anyway, so that kind of covers and I know this is hindsight guys, but I wanted to cover it, you know to understand and give insight to the Potential for this pattern to play out or to fail Okay, it's really critical Uh, and this is where you're going to use book map and order flow reading to to your edge or advantage Okay, so once you start to see that in here, let's suppose it did look really good As opposed to this bid look really good in here This is where you're you know, I mean you could be super aggressive down here when you start to see that volume come in Uh, I would look for Personally like more volume kind of up in here I would like to see it here to be honest and I I'm not getting it here It's not this is not giving me such a warm feeling here now not only would that be great to see Okay, so I would like to see Uh, let me get the pen tool out. I would like to see on our side here um Just a second Okay, uh, I would like to see the um The bigger volume green dots up in here And I would I would like to see more of this liquidity here. I would like to see them kind of bid up underneath Okay, I would like to see these guys pull and they did some of it Uh up in here and they you can see them pulling across the board there Okay, so that's not bad Uh, and that's an order book skew right and this would be a great order book skew if we had this scenario here Okay, this is where you're looking for again in here Watch look for these buyers to come in and then take this to the upside And test swings as well as high liquidity Okay, and that's where you can get a a better edge Right through the order flow, but we had a few elements on our side here, but not everything Right, that's the main point Okay Let me clear all those Uh, and uh, yeah, so we were looking for the continuation Uh, and uh, yeah now we filled that gap at 82 as you guys can see Not the easiest To trade in here The the move into uh, that we we followed that move into this kind of 83 ish area or 85 to 84 83 Never got to 82. We see some of the buying come back in And now we filled the gap Okay, so, uh, yeah, it can be kind of tricky. Um In here, you know, we're looking we're looking at this pattern thinking. Oh, it's going to go straight to 82 Boom. I'm out easy easy money. I'm gonna, you know, uh retire for the day Uh And it gets a little tricky all right, so um But you can still look at other order flow elements in here To uh to give you some insight So and it is tricky here, uh, let me let me let me uh elaborate here Okay This is what I mean um Down here We can look at who's Where the volume pressures are in some of these moves in here Uh, and um, uh, you know, this is gives us a lot of insight Okay, so see see the that cell volume come in I mean, it's very clear Okay, and look at the bars and look at the dots Hey, there's other little areas here and here as well Okay, this is who's in control in this move All right is sellers All right, so now let's look at we know that like if we get like high liquidity Filled here on the offer or on the bid on the way down Uh, and we start to see buyers come back into this here Uh, yeah, we're looking for re retest into some of these areas here The the the bigger one to retest would be here. Okay, because of all of this selling down here All right, that would be the first area Uh, then you can also look at other little pockets Here where that selling remains in control in this move here All right. Now what you can do is in this cluster up in these areas in here You're looking at a different structure now It's kind of related to the bigger structure But it's a it's a little bit a bit smaller timeframe structure here All right, and starting to understand this move here And then look at the volume coming back in here and let's do a comparison here Okay, so there's a big big spike here as you can see, but And they're they're taking on the sellers in here But uh, uh, and that that kind of does not give me a very good feeling about in the order flow here That maybe we get a pullback in continuation and retest some of these other pockets up in here Uh, but uh, we didn't okay So we're looking and kind of watching in here and we're looking at this new structure where these buyers took control In here where they came in All right, and this is how We started this webinar off looking at structure Uh, and uh, here here it is playing out yet again Uh, so we we come up to here and then we're looking and watching this structure in here. We see buyers buyers Here's some divergence in the structure. We come back up and test in here Uh, and and we see some buying Hey, but look look at the the the volume bars and look at the volume dots in here Okay, there's not enough buying in here to take this higher when you start to see the the sellers hitting Back down we're actually curling back down on the lower time frame in here Uh, that's a little a little too, um, uh much maybe but uh, it does hold true Uh, you you'll see these sellers come in and trade it back down and test here And if you see more selling in here That's where we're looking for the break Uh of this structure and to test down to the swing or liquidity down at the lower level here Okay, so we know that sellers remain in control Uh, we see the buyers test it back up in here And it they fail uh to continue here And we're looking for sellers at the bottom edge and to break it And so, uh, that's another thing to look at within this bigger picture structure that we were just talking about about this kind of wedge pattern right That makes sense Let me see if I'm caught up on all the questions How about gold? Uh, don't have gold up US markets are out of control is too fast These are no these are the things we're looking for. These are great days. Um volatility is is fantastic Uh, and and this has been a really nice move here to the downside here And I'm sorry to miss that guys. I really am I was on a pretty good roll here. So I went with it Uh, but we're here to to you know, see these moves unfold here Uh, and what what we did do is we covered the gap though at least And um, if we look at our higher time frames here, we're looking for that gap fill and we got it Okay, we're looking at these wicks in here This is a pullback if you're a gap trader after this data in here. You're looking for it to fill all right and uh, uh, potentially, uh Potentially break it and move back down to another level Okay, uh, you're gonna get you're likely gonna get some profit taking in here Uh and some back and forth in here before You get this other bigger move here and again, this is showing that aggregated data We have no clue you look at this in hindsight and you're like, yeah, of course like, you know, oh, yeah I see the selling pressure. Oh, yeah Take it take it to the downside here Well, this is what it did in here And wasn't so clear. It wasn't as easy Okay, but if we look at the structure and the order flow within it We can look for this move to start to unfold All right All right, uh, this just it really it kills me to see this here Uh, this is why we're here is to cover these kinds of things here Anyway, we went over this pattern the failure of it and then the break of it and the gap fill in in in pretty good detail All right, so at least we got that uh Okay All right, so let's let's come back and reassess and see what we got here We can take a look at gold as well. So let me bring that up And we'll give it a few hours here backfill data And all right, so let's take a look here and where are we going and what's happening now Well, this kind of um Stands out to me a bunch of iceberg Um transactions down here At 47 or 43 70 and let me see how the discussion going over here in uh In discord great. Okay, steven and slowdown Good discussion going uh, yeah Before we jump in here just uh For both steven and slowdown I I want I want I want to point this out here For for everyone on on discord or in and on youtube, especially um How great this is here, uh So I want to first off talk about steven, uh, and uh, you know, he's been um Attending these webinars in here and and really working hard Uh going through order flow and marking them up. He became part of the book map academy If you guys aren't familiar with it. I'll just very briefly show it here Uh, if you're interested Uh, and um, I put the link into the chat here for you as well okay, uh it's Basically, you will uh Yeah, go through this process here of joining the or applying for the book map junior academy And then if you're accepted what's required of you Uh, and then if you make it through that hurdle you can get to the book map academy And you can get book map for free Uh, and if you double your quota quota in here, you can get the mbo bundle as well for free All right, and then you can work your way up to next step is a coach Uh, and you can also get data for Uh, and the next step is becoming a streamer Uh, if you guys it's a it's a non-boarding process in here And it's all through documentation and trading Okay, that's the academy If you're interested, uh, you'll apply uh down here And then you'll immediately need to go into our discord room uh, and The applicants uh academy applicants room, uh, and then request your spreadsheet We need to capture you not only your email. We need to capture you in discord. That's why because that's our hub Anyway, my point is like steven had gone through um Let me show you in the academy chat Okay, and then we'll get back into this um order flow Just a second, right, so Here it is here Okay, uh, and uh, some of the images like steven had um, I mean this is a huge huge change In here, it's just so I just love seeing this Um, uh, steven had uh, uh posted in here Uh Maybe it's somewhere else Yeah, maybe somewhere else. I didn't see it He posted in here an image and um It was there was a lot of things that he was identifying Uh, but it was kind of lacking um kind of a clarity and a focus and and understanding just some of these simple elements in the order flow And then he uh, I came back and uh, I created this one And this is awesome Look at the uh, just very simple understanding, but extremely powerful Sellers getting getting absorbed in here the aggressive sellers trading into high liquidity on the bid Looking at exhaustion looking at see how the the buyers come in and move it away from this little zone in here Okay, he marked up the zone in here Uh, and then here's a retest back down into here Uh, and then uh, yeah, again, you know trading into liquidity. It would be great to see see it trade into this and get completely absorbed Uh, you know some absorption into this liquidity here some exhaustion and these levels here Uh, and then now now you're kind of you're kind of waiting and watching looking for those aggressors to come in on the buy side Uh, and then he identified some trap traders here using the delta column And he has also this is Really great here a zoomed out version of all that order flow activity in here Okay, and understanding this on the higher time frame market structure And then when those buyers came in here Okay, beautiful stuff Look at that pulled liquidity up in here Uh, it would be great to see more liquidity on the on the bid like kind of follow up in here But the aggressors certainly came in and moved it away from all of this down here. Okay very very quickly Right, so now now, uh, he's he's got a much better understanding of uh, what's going on in here through documentation of the order flow Elements here in book map. Okay, when you start to look at these things in here you can start you can start to Uh extrapolate all sorts of trading setups from this data I mean there it's all over the place What's your risk parameter? Where do you want to? You know if you're you know interested in trying to bottom fish in here Well, you can do that with higher probability by understanding the order flow if you're more conservative or your higher time frame You're looking at getting in somewhere around up in here No, uh and Uh holding for a bigger move maybe Etc all sorts of different ways. Uh, and um Anyway, great great work, steven. Uh, you know, I had replied here, uh, but uh the um Nice conversation going on in here now between, um Slowdown, uh, and uh the clarity he sees in some of his setups in here exactly what he's looking for And going through it in detail here Okay, so, uh, let me let me put that Link into the chat for you if you're interested in this academy But uh, you know here taking his profit looking for this continuation. This is exactly what we just went through In fact, uh, and then here's his trade in here beautiful Just beautiful. So he's getting in pretty early, uh and and And look look at this is a beautiful entry Really is I mean it's this beautiful exhaustion up in here into high liquidity above the swing uh, and then, uh, it fails And we were looking for the failure down here and then we saw this down here You could we're looking for the potential move and break to the upside here And then we're looking in here for the potential break and move lower And this is slowdown setup by understanding these elements on the chart in the order flow in book map And then taking advantage of that And looking for taking some off here and he's still looking for continuation here Okay, he's probably still in it or maybe he's uh, uh, let's take a look Yes, I'm glad I covered all that because we haven't done anything since this move Uh, not really All right Yeah, and that here's his entry in here Uh, so, uh, right in right in this area in here beautiful just beautiful stuff So take a look at that that's like from 92, uh down to, uh Well bottom of the range is around 85 Um, so that's been kind of conservative with it too 92 to 85 So, you know, that's uh, that's seven points right there Yeah, that's pretty good Uh, and then you're holding and looking for a bigger move Okay, even if let's suppose you got down got out here in some of this high liquidity in here Uh at 80 or uh 77. So, you know, nine 10 point move easily Okay, and you could still be holding it You're looking for a bigger move to unfold still be in it to be honest All right, so good stuff there, uh, and Okay, it looks like yeah, thanks Dan. He put the academy link in here excellent All right, so what else what else do we have here? Let's take a quick look at gold since that was, um Requested okay gold is actually behaving the way it should, uh, which is nice to see as a people switching out of equities into more security related Instruments so We can see the move opposite move here reciprocal move here Um, and again look at the structure and look at the order flow this added another, uh hour or two here To the historical data because there's some really good stuff in here Yeah, okay So gold climbing in here, uh, and then This was uh around 8 30 Uh spiked a spiked above all of this uh into and through this liquidity and continued on up And then we see a bit of a pullback here Some chop a bit of a pullback again And look where the pullback came To high liquidity on the bid that was already in here for quite a while And then these guys came in down here as well Now look at where in the market structure here Okay, maybe you see this in footprint probably you probably would Uh, but uh some of these nodes in here they was pretty clear in book map though So you see that selling node in here Uh, and then uh and then the move higher. Okay, your your impulse moves some selling and then another impulse and then another impulse basically But this is where they came in to bid At these levels in here and it doesn't look like they got filled very much Uh, but you look look for these areas in here, right? Right, you know, you're not making this stuff up here like here again You see look at the high liquidity in here now. There's more selling pressure Okay, but uh, you can see the buyers lining up in here and also down here in this little node Hey, look for these areas in here. There's reasons why they you know traders are providing liquidity in these areas in here Okay, and then here's the big one here Okay, and the biggest one would be down here where it broke out from All right, and you can see these guys came in a little bit in front of it Down in these areas here, uh, and then we we see this back and forth in here Uh, and then we do see the the buyers break it to the upside in here Here's our 10 o'clock data Okay, and uh, then the uh, well we got our move and continuation higher here and so You can even see the structure in here Oops, sorry more like here Uh, and then see how it accepted above that structure Okay around this 25 area in here Uh, and then continuation higher All right All right, so we broke the high uh into high liquidity up here and then getting a bit of a pull back now So that's what I see in gold Buyers still remain in control here in the move This would be the next area to test and there's liquidity there at 1930 All right, so anyway, that's what I see a bit of a double Or a little kind of retest back down here Uh Yeah, I don't know what I think of that I don't I don't see a whole lot of selling down here, but there is some So yeah, I'm gonna stay away from it here. It's not giving me much much clarity in here All right, let's jump back to this s and p Okay, high liquidity in here at at 40 uh 43 60 And just starting to transact into that area here now. Let's let's jump back here And look at the bigger market structure to give insight Okay, why 60? Why is 60 have so much meaning in here? Okay. Well, you can see the this was from yesterday Uh, this is again aggregated data in here like, you know, probably charles and other volume profile traders might have Or even your footprint traders might have some high volume node in here someplace That you're looking at. I don't see it here in the candle But I always look at the wicks and starting to understand the the um this context in here Okay, almost an engulfing pattern in here, uh, you know move down and a quick move back up And then we see that continuation from yesterday Okay, or pullback from yesterday Uh, and so yeah, I would look for some profit taking and maybe some buyers supporting it down here at the at these levels in here Um, I would look for actually from the candles more around this 58 and a half to You know 56 or so, but you know, they're already here at 60 Is where they're uh, uh that liquidity is and it didn't transact either Okay, so and look at the buyers starting to come in on the bid here and and we see the aggressors Come in and and move this higher here Okay, so at top of the range already being tested right now Um, and uh liquidity up here it's getting out of the way at 70 Hey So nice nice move back. Maybe you can come up to here 70 One and a half or so. I don't see much liquidity up there. It's more up here 75 and 76 and a half All right, let's talk though also about um, uh average True ranges in here and measured moves and and An order flow within it because I I would anticipate a pullback up in these areas here Uh, because it's moved so far and and and we can talk about the um Uh, some of these moves and and why they work in it's It's a concept, but You know, it's pretty simple uh There's a breadth to the uh Buying pressure and selling pressure There's only so much the market can handle before it needs to kind of like take a break Uh, and then come back in again Right, and that's how we get these pullbacks like like this right now uh, and uh You know, this is a great area to look for a pullback right here Okay around this 65 area Okay, because we can see that there's high liquidity here. You see that buying pressure come in now We're looking for high liquidity again, and then we're looking for something around in here to give us insight I don't see it yet Okay, looking for exhaustion looking for liquidity Uh, not seeing it. So staying away from it Okay, now we'll see uh if buyers come back up into here, but uh Uh, I'm not looking to getting in right now, but I'm watching very closely Okay, not until I have more pieces Uh to the puzzle here on my side Okay, but again due to the market structure. This is why we're looking for the bounce here Let's get that out of the way so we can see it Significance a cumulative volume delta hunter. Um Yeah, it's a very simple indicator Uh, but it can lead to a lot of insight Yeah, I mean, I I just can't speak fast enough here like this is potential trap selling in here Maybe we'll see a bit of a move back up into here, but I'm just not seeing it yet here I it's not enough to really You know put risk on Um, you know for this here Uh You know, maybe we got to drop another level down into here, uh, and then and then take a look Right. So yeah, just not seeing anything yet Looking for you know something in here that the elements we've talked about or shown in some of the images Uh from slowdown and steven. All right. So, uh, yeah, let's let's see if this fails up here Uh And uh, let's see if we can come back down and retest the bottom of the range here In fact, that's quite a bit of buying Yeah, not Not really seeing anything. We'll read the order flow in here, but I don't see anything high probability Okay, yeah, let's see these guys are pulling. I see some selling coming in Hey, but uh, yeah, I I would just look for the sellers to retest down to here first And if we can get big selling down here, then we get a bigger drop right Into like 64 63. Okay, that would be a scenario here All right, so here they go. Let's see if we can get them back down into, uh Bottom of the range and then this liquidity down in here Okay, we don't have a lot on our side in here Uh to to lean on here, but that's what we're kind of What elements we do have in here. That's what we're looking for again. This is not a trade recommendation It's not something to lean on hard here But again, if you can start to understand some of these elements in here, you can kind of pick and choose I look for the better Set up in here cumulative volume delta. Let's cover hunter Um, I don't want to distract too much from what we're looking at because we missed a pretty big move earlier um So all it's doing is just taking the buy minus sell here on Remember how we talked about this is our time in sales here in the horizontal okay, so And all it does is take buy minus sell and add them together and plot it. That's it It's really simple Okay, where you get the magic from cvd is understanding structure And then buy minus sell Okay so for example And looking for you know Diversions between those or you know, maybe not diversions is something that even confirms the move All right, so here we're We're not getting too much out of it here the high here and cvd is up here Uh, and we're coming back up and we're kind of making an equal high here So i'm not getting too much out of it. Uh, what about down here? I'm getting a lot more out of it down here Uh, you know, we we didn't make a equal low But we know there's more buying in here Then there is selling on this pullback here and that's your divergence Okay, so what does it mean diversion? Okay, so just it it's not a whole lot to um No, it can be very useful, but like uh, just be careful with it and understand what you're looking at Uh and and understand that uh, uh, if you do get this you understand that there's more Buying in this area here than there is selling Well, if we get more buyers kind of near the top of the range up in here Then it makes sense that we should get maybe a break of the range and then a move to the top of the range and test it Okay, and the reason being is because there is more buying in this area here at the low Okay, remember how we looked at the double bottom earlier in the wedge pattern And uh, and then we were we noticed it, but we had to go back and cover it later Uh, but it's kind of similar here, but it didn't really do quite a double bottom Uh, but we we see the buying pressure in here All right, so that's good Now look look here. We have again like divergence yet again in here They look at the uh the selling in here That brought it almost down to that same level here But there's way more buying in here still. This is not a whole lot of selling Okay, here's here's the low here Here's the low here Low here is almost equal almost the low here is A lot higher than it is over here So what does that mean that means in here? There's more buying pressure Okay, so if you take that at the bottom of these ranges and you start to understand that there's more buyers in here well There's a couple things to look at to make a cvd pattern much much higher probability Okay, I think it's kind of quite quite a bit of work to look at to be honest I I know traders love their indicators and and and try to get some, you know, kind of um, uh You know a ton of clarity from their indicators as a signal But uh, yeah, I yeah, I don't I mean you can just read the order flowing here and get this from it but like, uh Here's here's the idea. All right, so here here's the um Now this is hindsight, of course Uh, but we can look at it in real time Uh, maybe up in here right now And it looks like kind of an equal high so not really Uh, anyway, uh, here's what you got. Okay, so it's coming down here. Uh, you see the cvd here It's very jumpy. Um, but uh, uh, anyway It's making a higher low and we're making a higher low here, but not much Right, so now what we're looking for is a couple things in here We're looking for these sellers as potentially being trapped or a stop run Let's put on our stops and we don't see that actually Uh, no stop run, uh, and then what we're looking for is again in here Here's some exhaustion and we do have some buyers that come in here Okay, so they're break starting to break the range a little bit now It's not a whole lot of buying though If it was a lot of buying in here and it was starting to move this market. Yeah, then it would look great Okay, that we come up to here or here Okay, and that's a way of using cvd to go over the order flow that we're looking at in here to combine it All right, makes sense All right Actually, let's take a look at a cvd again in here And what do what do we see? What are we getting? Okay, we made equal cvd equal top so nothing nothing going on there Okay, here's a pullback How does it relate to this? Not not much not not getting much out of that either. Uh, here's a lower high Okay, okay, so again We're looking up here All right, do we get big volume dots up in here? Then we should trade up into 70 Okay, here they come Okay, now we don't have all the pieces in here for this move either Hey, we don't have them on the bid at these higher levels in here Okay, but we don't we know that in this in this area in here. We still have more buyers than sellers And that's all we have Okay, so we're looking for this scenario here to unfold Okay, and there we go. There it is. Okay All right, so anyway, there's a couple of ways to look at order flow with cvd Uh guys, I had a whole agenda here to to go through and I didn't go through it We got kind of sidetracked here with patterns and cvd and order flow and and all sorts of things but Uh, we are um, there's some new algos that I want to show you using market polls This new tool that we have to give insight in exactly in these little areas in here to look for When we might get these moves And uh, uh, yeah, I didn't I didn't Have time To go over it, but uh, let's let's take a quick look at this move now here up into this high liquidity up at 70 Okay, now we're looking at cvd Uh, and we're looking at these aggressors coming in they're moving this market Okay, so we're at the bottom of these ranges in here already Okay Uh, and we're going to get a small bounce down here. God. This is something slowdown. It's probably looking right at um, it's a beautiful beautiful one, uh, but Uh, anyway, uh a move back down into yep. Here we go now We we would look for some sort of kind of bounce in here typically Not always. I mean a lot of times it's like These sellers come in and they just move this and they move it quickly away from here Hey, what yeah, maybe I think we're going to get that actually Uh, so we we got a little bit of bounce and now here they come All right, so look out. It's it's to this area here. It's the next area Uh, and uh, we've already kind of come there Uh where these buyers came in and moved it, uh, but I think we can come back down lower here See also, like I was telling or describing earlier about the measure moves in here okay, so, uh understanding the average true ranges uh on all timeframes and you can see like, uh Now we're looking for maybe kind of a move similar to this one here on the sell side Okay, so here we go and then we have really good potential now to trade into 60 Okay, and that would be really 60 would be your first leg basically to look for To take some off Not a trade recommendation on it. Just just mentioning that like we're likely to get a bounce here Okay, and why why keep the risk on? If uh, you know, you can book some profit and you're anticipating that bounce anyway um See any more questions. Um Discord how we doing? Hey, hey, look at that kenji Congratulations, uh, you got a certificate for funding That's awesome. Wow. Congratulations way to go Oh, yeah, really really happy for you So, uh, yeah kenji's been uh, been I don't know you've been coming here for a while And then I think you left for a bit and then you came back. Um, But uh, really really great to hear uh, congratulations All right guys, let's see if we can get this move here now, uh into 60 and through 60 In fact, uh, we've got high liquidity here on the uh on the bid our offer, but the buyers just took them on All right, here we go. Now we're looking for it. See, this is one of the things that we Why we covered the trapped trading? um A lot of times, you know, we're looking for that move to unfold and it just You know, we get kind of caught up and into some of these areas in here and like, uh, you know I'm gonna take my profit and uh, and yet you missed the big move here, right? Uh, it's it's basically just to pull back some profit taking and then this is like, you know, we should anticipate a stop run after this here not just on this time frame, but on the big time frame here Right of all of this in here all of this buying in here Uh, and we would look for that big stop run down here and we just got it Okay, uh, just uh, just to the downside here right, so, uh Let's see if we still get some more selling pressure in here and try to take this lower But this is the move in here and we might just hack around in this area now After that move right after the big stop run in here And now and again different scenarios in here. Maybe that's uh, let's take a look at our higher time frame Uh, we still haven't gotten down into here yet. Um, I'm still looking forward to trade back down into You know these these lower wicks in here This is a lot of momentum On this 15 minute hour and uh, and on the daily now. So I'm looking for a retest of the low of uh, yesterday All right, so we're gonna hack around back and forth and and uh, I just read your order flow and look for uh, you know that scenario to unfold Back down into that low a day here at at 55 Uh stan excellent. Okay, so stan put his order flow in for the day as well Uh, again really great stuff. Uh, you know very very simple clear Understandable looking for targets looking for entries and why due to the elements here in the order flow All right All right guys Well, thanks for coming everybody. Have a great weekend. We'll wrap it up Uh, and uh, we will uh catch up with you Next week on monday. Okay. Yeah, if you like this, please hit the like button Really helps us out so You know cover this kind of education and more of what exactly you're looking for Right and uh, yeah, you might want to join some of these programs we have over here With book map academy of the blue jacket competition, etc. There's a lot a lot of great things over on our discord channel You might want to take a look at okay. Yep. Thanks everybody. Have a great weekend and we'll catch up with you next week. Take care