 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map we do live analysis here Monday Tuesday and Friday and Then on Wednesday, we have live trading with a Tuesday J Trader stocks trader 10 a.m. All are at 10 a.m. And then Scott Pulsini He was off yesterday, but usually he's there every Thursday at 10 a.m. And and a live trades Takes live trading trades with futures. So let's go over some risk disclosures very quickly here Understand what you're getting involved with though The general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor trade recommendations Risk disclosure trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results. Alright, so let's jump in here Let's look at the S&P e-mini Let me know if you want to look at something else as well. We can do that and day and Friday the Hold on a minute here. Let me just get caught up on YouTube Yeah, that should do it. Okay Interesting interesting stops and icebergs in here. We saw some really good stuff yesterday I don't know if you guys when we're able to back go back and review that in Replay mode we talked about that we saw just a beautiful reversal take place for the entire day there And we saw a massive well not massive, but we saw really interesting absorption before a level of high liquidity by icebergs, so Hopefully we'll see it again in here or see something similar and we'll cover it as well Anyway, as you can see in here like from about seven o'clock onwards Move to the upside into high liquidity up in here and then that's been it so far We have not gone above this this high here for the Well for the cash session here. Here's our 930 open here Quick John to the upside a quick move down right back up Above the initial swing here at after 930 and then right back down So we're all over the place here is what it looks like here. We'll zoom in a little closer and kind of look at the this context of liquidity limit by and sell orders and also this the structure from the top to the bottom here And what's the volume like in here? Well, we're getting our answer here. It's very range bound Okay, there really is no one taking control here This is something we've been covering a lot in Good morning, Alan Alec and also MC local and the Yeah, the You know, we we covered yesterday how to go through and kind of look at some of these areas who's in control and and Defining that and Right here, you can see that no one's really in control. We don't really have that really kind of clarity here However, there is something that I would point to here this kind of interesting area kind of an under over area and What do you guys feel like on a smaller time frame? Okay Where do you think, you know? You'd look for buyers trying to take control and it actually failed and then sellers came back down underneath it Just just curious what you guys think Okay, Ethan. We'll take a look at NQ seems to be in a demand zone is what you're saying. Sure God NQ was I mean everything was on fire yesterday Fantastic day. I know a lot of you guys said Also hang out in the discord room with Tom B and his traders lab there And I think they they knocked it out of the park, right? So That that that goes to um, let me so that'll be at at After this webinar here so around 1130 East Coast time You know somewhere between 1130 and 12 Tom gets started All right, so after after these webinars and or this webinar ends All right, so I want to actually show you something here as well today. We have another event and in fact Let me put it into the YouTube channel right up front here Yeah, I got it Hmm. All right. Well, we're streaming right now. So you see this this is our webinar here The one I'm talking about here is a special events. It should be in there now, but we have Doug plus He's gonna talk about options. This isn't ask me anything webinar. It's today. It's at 430 so, yeah, you guys can You know hang out in there and wait for it now if you like but We'll get started at at at 430 East Coast time. Okay, really You know Doug has already had a webinar with us. So, you know come and check it out and Very unique way of trading options. It's Using a lot of the spot gamma tools in there. He's gonna talk a lot about that And how you can gain gain a pretty nice edge using these tools together with order flowing book map. All right Anyway, let's get back here and I posed that question. What do you guys think here? and Yeah spot on 4520 that's what I was thinking as well Right right in there, you know, it's just a really interesting area here Look where look at the buyers in here and let's just take the heat map dim it down here And you can see the buying pressure in here. Look at the spike. Okay. Look at those dots in here Consistent buying this is the kind of buying we're looking for now when you see this kind of buying now these markets are all fractal When you see this kind of buying starting to come in here and you look you can also look at the pressure within here And you can see that, you know, we talked a lot about patterns many different patterns yesterday You can even say this is a reverse head and shoulders shoulder head shoulder another shoulder here But within here, we see quite a bit of buying in here once we start to get up here and you start to see that line We'd be looking for them to test the top of the range here and maybe break it and and go up to highs for the day And they didn't This is the under over area here. There's our pivot lines that we draw up. We've been doing for for years here And it's right here. Okay, so in fact, let me edit this line Because I want to get it back to you our original It's three and solid All right. Anyway, ah Anyway guys said it you get the idea This is a significant area here for today. See look where we're look at the buying coming in right now Okay, so we just tested this now. They're gonna try to push above it here. Be careful here We want to see the buying above it. That's where it matters This is more of the buying down here to test into it and try to get back above it Right and and they're not we don't see them really coming in yet Okay, we're gonna look for them if buyers can come back up here again We're looking for this to be like a bull flag. Okay buyers Consolidation followed by more buyers and a move to the upside Okay, we're looking at the volume within the context of the market structure here they go They're gonna give it a shot. Okay. I'm not convinced by it Not convinced by that at all. In fact, this could be a pattern that fails It has a higher potential now for failing If we see the buyers come back up here again, we will be looking for it In fact here We can even turn on cumulative volume Delta to get an idea of within this range Is there more buying and selling and here's our answer. This is a blue line here light blue line There's more selling so likely we'll we'll see if like sellers can try to reach back down here again And and where they broke out from here now, they're not and we're getting our buyers up here So we actually are looking for the breakout now I know that that it happened kind of late, but this is very very typical within these ranges here very typical Alright, so, you know, we it's kind of a tough read in here. We're looking at the cumulative volume Delta We're trying to assess and determine The the volume in here and a lot of times what you'll see is you got to get some People on the hook and then you can get the stop run to the upside here, which can kick off this move to the upside So so far we just see it did it did that but it's right back down again here All right, so Yeah, you know Is it gonna establish a new trading range in here? Looks like it so far. I don't see a lot of sellers here yet So what we can even come back up here at 23 and a quarter and and go higher Okay, so Let's say let's go and edit this here. This is just driving nuts it should be three and Solid yeah, there we go Okay, all right. Yep looks like they're gonna try it one more time here Let's see and we'll be looking for the top of the range or just the top of the range for right now Now we're flying blind here. We're just looking at volume and market structure but we want to look at the The heat map in here, what about the other side of the trade well now we're seeing a lot more a lot more look at look At all of this liquidity up here so We're seeing that buyers aren't aren't really interested in going after it here and we're right back down again Okay, so this context it gives us so much more information here of understanding the other side of the trade We can see that it came in with high liquidity here and in here. They pulled So we it's not really that convincing still, you know yet again. It's just not that convincing yet That we will see this move to the upside All right, so what let's see if well, you know, we may come back down below 4520 and we get sellers in there. They're gonna push it back down to probably Here where they kind of broke out from a bit and maybe maybe a bit lower here And you can start to line that up also with your high volume nodes in your in your profiles in here Okay, so what we'd need to see sellers though come in here. We need to see something in the order book that will Outline a higher probability for that scenario to unfold and right now you can see it's not doing it It's not doing that We're not seeing that in fact Looks like a you know, it's kind of clear sailing for the buyers if they they want to try to reach back up to 24 here All right, let's see if they can let's see if we get our move here Now in the order book we also want insight from the order book We want to see them maybe lift the the bid up higher There we go a little bit more and and the reaction to it All right, so let's see if we can get our sellers that are buyers up to here up to here and reach this liquidity Okay, again, I don't like it very much. It's kind of dark in here So it can kind of bash around within this area because there's not a whole lot of liquidity All right, so this is reading kind of higher Probabilities for these events and understanding You know when something looks really good compared to when it just doesn't look quite as good All right, so what yeah, we can see sellers are starting to come back in and fill these little voids in here Or try to reach this liquidity down in here Yeah, Doug get your questions. That's right. Good morning, David All right so anyway so, you know, we've been kind of looking at and understanding this line here and and the Buying and selling above and below it here Okay, we just made a lower high here Okay, well, what about we actually look at cumulative volume Delta. There's more selling in here All right sellers then you should be able to drop it and we'd be looking for the drop down to here 17 There's liquidity here and there's also a high volume note here. So that makes good sense And so let's see if we get the sellers who come in here Looks good so far. Come on sellers should be able to hit it Okay, big iceberg buying in here. So this is getting this is getting convoluted in here Some a lot of buying in here, but there's some icebergs. I just transacting right in there Okay, both buying and selling So, you know, even the larger players in here, they're kind of battling around this line here and as you know, I think What can be really helpful in understanding? these areas in here is You know, it's like, oh, well, you know, I was looking for it to drop and it should drop and then something happened in here that kind of changed You know and we might have been committed And you know, this is not a trade recommendation but we might have been committed in this and looking for this scenario to play out and then this weird action happens in here and convolutes the whole scenario and There's different ways of dealing with that get out Or, you know reduce your risk because we don't know and It's not that, you know, there's no kind of like I Think a lot of us like we have a tendency to think like oh and now they're gonna do this here Well, the bigger picture is the market doesn't care The these other players in here are trying to figure it out, too So we don't know they don't know they're battling. That's what that's what's happening And we're just kind of, you know, sitting back and trying to figure it out here Who's gonna win the battle? And I think it's just a much healthier way to kind of Look at these areas in here and assess them And and be easy on ourselves not not beat up on ourselves About some of these players coming in and and doing this like like we've been talking about in here how we get Different tests in the market From players they kind of you'll see like high liquidity come in here and it kind of they kind of test it Is like is there is there buying pressure that wants that liquidity on the offer? What's the reaction by traders the aggressors in here? it gives a lot of insight here and You know it if we had like deeper pockets We'd be doing this all the time kind of a testing and assessing looking for higher probability All right, so, you know, I think we can look at that or have that kind of outlook. I think is a lot healthier then You know just getting all upset that now it you know something happened in here icebergs and and some Volatility some larger trading in here high liquidity that pops in here, etc And and now we now we don't know whereas in here We're looking for our sellers Especially in here. It looks great and then everything kind of changed in here. Does that make sense? Do you guys I mean can you understand that and if you do see this kind of thing in here? I mean now, you know, I mean you're getting the the insight to it Whereas like if you're trading your candlestick Patterns or candlestick charts, you don't know that wow this just happened icebergs came in and And you know, it's significant icebergs in here, too Both buying and selling on both sides here. So, you know, it's it's really back and forth in here. All right, so Anyway, I hope that was helpful for you and let's see here. We got a few Questions in here in YouTube. So hold on a minute the red area in the heat map in the middle then drops because there's Orders in the book they were consumed. Well, this area in here This is it. This is a very good question is very simple question But we don't see any transactions within any of this liquidity in here. The transactions are right in the middle here But we do see kind of a flip of the order book here Now we don't know if these are the same players But they they were on the offer here now they're on the bid and they even added more into the order book here on the bid Right. What was the reaction to this? This is exactly this is a microcosm What we're just talking about Understanding. Wow. Okay. Well, we actually found some buyers in here. All right So now we free find some more buyers in here up here at this area here We should get a move higher back up to our line here around 45 20 That's what we'd be looking for. Okay, and that that happened, you know, pretty pretty quickly pretty nicely there Right. It was because of this here It was this that made the market move That's you know, that's pretty good insight. That's pretty pretty amazing And now this liquidity never even transacted, but did it have an effect on the market? Absolutely Absolutely Orders have an effect on the market Did it make price move? Well, it technically limit orders can't make price move but they can kind of Suggest to move the market and we see the reaction is it's the aggressors these dots the market buy and sell orders that actually move the market Okay, the limit orders can stop the market from moving by absorbing All right, so this kind of insight and you know gives us a lot and We can start to understand. Okay. Well now we're starting to find buyers away from that area And we'd be looking for maybe some of these areas to test up here And it came up into this previous area of high liquidity here at 22 We're getting a breakout here Okay. Sorry to miss that All right, I'm looking for continuation on up to 30 Basically Okay, we're getting up into some of these highs here. So it looks like they're gonna try to go for some of these highs up here Yeah, this is strong buying Looking for continuation here. This is the kind of buying we're looking for that moves the market like bigger moves in the market Okay, strong strong buying strong moves as well This moved pretty nicely from from here around 22 on up to about 28, right? so that's you know, that's six points and It's strong volume So we're looking there to the way we we talk about this is We're looking for them to continue to move it away There's there's our 40 45 30 and we're still looking for more. This is strong. We're looking for 45 35 Maybe 40 maybe 50 Okay, all the liquidity up in these areas here Okay, so this is precisely what we look for Okay, they're moving it away from this whole area here This whole value area here. Look at the distribution in your volume profile Okay, so Yeah, this is this is precisely what we look for All right, so looking for this to continue. All right now. We're gonna get pullbacks in here It's not gonna be all All that easy But and and I'll pose the question here. What do you guys think in terms of pullbacks? Okay, we covered this one not quite a bit Where do you think where do you think they might pull back to and why if we're looking for a pullback here So and this can you know? Help with your trade management for even scaling in to a position 25 26 27. Yeah Yeah, I mean that's a little bit. I was kind of thinking well the first one would be here It's already done it the big transaction right here Okay, and and and we don't they're selling in here and they're already moving it So, you know, we're looking for a 35 level here already. So this is a very shallow pullback And the reason we're looking at here is the transaction into this liquidity here. Hey, look at your volume dots talk to dove Dove is in in these webinars One of his strategies. He's looked he looks for pullbacks to these big volume dots and the transactions It makes perfect sense. This is where this is like a high volume node Hey, it's basically on a smaller time frame. It's a high volume node makes sense buyers should support it here Sellers came in there's more buyers back up above it looking for the continuation Okay, here again. Look at look at the pullback to here. It's already doing it. Okay now. We're looking for buyers here Hey, are they gonna support it? Let's see and we're below it already. Okay, let's see if we get back up here and get buyers We should and they should be able to take it to 33 and a half and maybe 35 here We'd love to see the book support it. I mean they are supporting it underneath here, but they're down here at 45 30 Okay, we're not getting them. We were looking for them. We're not getting we didn't have anything in the order book here We're coming back down to 45 30 Okay, still looking for Buyers in here though Okay, they're pulling on the bid. We don't want to see that. This is not good good news Okay, let's see if they Maybe we can get kind of a just a quick move below here and then a move back up And maybe down to here maybe the top of this range here This will be a low volume node and it is you can see it here. All right. Let's see if we get our buyers now No, not yet. Okay, they come all the way back down here to 27 and a half Okay, looking for them again and especially above here 28 and a half All right, we should get them and we're looking for back to 30 and then maybe 31 They should show up here. Let's see it and our should get a quick move up here, too Come on buyers. Where are you? No, no, not not seeing it. Yeah, there we are. There they are. Okay Yeah, that was kind of quick still looking for continuation 31. All right. Anyway, we already pulled back to a yes Okay, so it went lower Yeah, I mean the the shallow I mean the pullbacks reading the pullbacks in here You know now this is even this here if we look at this in kind of the bigger context Yeah, I broke here made a lower low in this in this case. I mean this is kind of unsustainable trend here pretty that strong move We talked about So but we're still we're still bullish here. I mean look at all of this buying in here So we can we can pull back to here like you guys were saying 25 26 area here looks pretty good And you can still be bullish here Okay, we can even pull back down to here and still be bullish Hey back down to 22 Where this really shot up here? It's still so still bullish here looking for excuses In the order book and volume and structure here To move to the upside here. Okay, not a not a trade recommendation here Not financial advice we're order flow reading the order flow Yeah, and just we should we're looking for and we just don't see anything yet. In fact nothing here At all. We're just in this kind of range and it's dark in here The buyers are down here around 27 sellers are up here at 31 We're looking for that continuation here. We almost got to 31 just one take away You know something J trader always mentions is like this should we're looking for this to work It should work If it doesn't Cut your loss Learn how to cut your losses Quickly in fact, you you know you can Implement a trade management strategy of front running this high liquidity here get out some and then hold Move your stop to break even and and get out Hey, you'd be stopped out at break even already Hey, maybe you got in here someplace And or or in here someplace If if you did if you let's say you got in here Well, you know a way of possibly managing this is to You know take your your partial profit. It's not much But we're just going to go through the scenario here Take your partial profit up here. That'd be a point and a half or so, right? And then that you could also have your stop at break even here you get stopped out here Or you can also move it down a point and a half and you got stopped out maybe here or certainly down here and You made nothing on this, but you you maybe made a tick on it depending how you manage it So you gave it a shot to run and it didn't didn't work out and look for the next one Good morning, Tom all right Sorry guys, I've been rambling here. Let's get get some of these questions in here SVP over here the way I've got it configured is it's basically default, but you can take a look at it here I've got just bars and numbers here. That's it Okay, I have it you can split it out though. I mean, there's some really nice features in here To split it out. You can also look at delta by minus cell instead of the composite Right, so this is the delta here Was it forget who who was looking at the delta? Last week in the protractor webinars and using it heavily. Maybe it was Brent Um Brent Kachuba from spot gamma. I can't recall It's a really nice feature. You can have two columns in here if you want one That's the composite and one that's the delta. So just right-click in here insert a new one Right-click again configure Put the delta on So you can see like in this area here like a lot of buying here's where the sellers are down here So maybe you look for a bounce now here because this is where the sellers are They can't take it lower. So looking for our buyers You know and the buyers are you can see control in here see how they're in control up here and Since it traded up here and we see buyers up here This is highly likely for a target is 31 There's not a whole lot of buying back up above it So, you know move back to 30 and this this high volume node here in the delta That's not bad Right, or maybe you can come up a little higher and And trade into that volume up here, and there's liquidity there So, you know that could be a good little target there And here they go. So this should be a kind of like a little bull flag here Not much of a buying here, but there is buying up here Hey, that's they got it one more retracement back up here, and we're looking for a break of 30 up into 31 Okay, let's see it buyers. There's some there's some so it's auctioning looking for it then Hey, do you guys understand that like I'm this is really a kind of a key here and it this is Right in line with our education on our educational course Okay, it's auctioning up here. There's buyers up here now true anything can happen Sellers might come in down here and pull it away, and these guys are trapped and move it right back down to the bottom of the range However, it are they selling down here. Yeah a little bit. It's not bad So it's kind of back and forth in here and sellers could have taken it down Okay, a beautiful move there. There's our 31 finally it had to rotate rotate again, and there are sellers down here It could have and it's it's kind of clear sailing for those sellers here. They didn't show it's it's actually This is kind of a more complex. We want to see exhaustion here This is more complex in the sense that it is auctioning down here, too And there's not much in the order book. So sellers could have taken it down. That's a here If we can rotate back up though and get buyers in here again Up at some of these levels. We're looking for them to push it. Okay, so that's the concept here and that concept matches very nicely in this You know in a breakout here It also matches very nicely in your volume profile strategies of like here's a chart range volume profile and We'd love to see a p-shaped profile up here. We're not really seeing it because of the selling down here But if we moved in a little bit more we can make it a p-shape Yeah, something like that, right? and so what we're saying is This is like a weak top and you know these kinds of terms Technically, that's what you know people are using for the terminology But the concepts here is very simple. It's auctioning up here. There's buyers up here So we can have more buyers up here. We can get price exploration to the upside To other areas and and this and complete this auction. It's really not complete up here There's there's lots of buyers in here when an auction is complete You get this kind of finished edge meaning it climbed up to this area and it couldn't it didn't really find any more buyers it tried Couldn't find them that's when you're gonna get your responsive sellers come in and they're gonna trade it right back down to The value area or the most traded levels. So it's a very simple concept here that we're talking about It's auction market theory. It's volume profile, but it's it's just the markets In general if we can get buyers up here. They can explore higher It would would have been lovely to see some exhaustion here on the sell side But we should see a stop run here because these guys are gonna have to bail And we do we see a little stop run here and a little stop run there But the the concept is very very simple that you know people are kind of interested in higher prices And it's showing it right here Okay, so we you know just understand the concept behind it don't have to worry about being so exact with the terminology I mean, yeah, we want to use the right terminology. Let me pack up on that But the point is is the concept is the most important part here in the order flow Understanding that is going to be golden for anything moving forward. Hey, so for example We could look at candlestick patterns in here or we talked about a bull flag in here. Well it completed My god, are we missing this big move to the upside? Okay, we're up at 35. We're still looking. I mean, this was the the Overall move anyway that we talked about strong strong volume Look at we're looking for 40 up here. We're looking for You know 45 50 55 Bigger picture here guys is this is strong All right, look at that move away Even the pullback is in this move here the pullbacks kind of shallow It could have come down to here and bounced off the top of this here. It didn't right? It's it's a stronger move So you usually typically get shallower pullbacks here In this case it, you know We were zoomed in here and looking for the pullback to here went below it It came back down to the next one and here could have come back down even here and still been bullish They could have been even were initiated like we discussed So again understanding like this auction here and the strength in it. All right, so let me get caught up here with some of these questions No, the Snuffle platypus Yeah, no, it's okay. Like it's good to go over these things You know, it's an order flow room in here during these these sessions except for the live trading with Scott and And in live analysis, that's really the key here Because if we can demo this these concepts and then watch them play out Like it it really kind of legitimizes the the concepts, right? And the beauty of it here in book map is that it's just all visualized here So, you know, we're not making this stuff up. It traded. We know this is strong We're looking for it to continue Okay, so and the kind of these micro little areas in here we can talk about you know What we're looking for and and how to understand like how we can get the move to the upside here due to the way It's auctioning in here the transactions the order book in here. What's the reaction to liquidity? Etc. Alex still lower volume pullback. Yeah. Yeah, that was it. That was a nice nice call there Tom, I don't know what you mean. They're mob on Delta And let me jump over to YouTube here. Sorry guys. I'm getting there Yeah, the bigger players are typically, you know, we'll see they use a lot of limit orders they want to get filled at certain areas and and Not have price move against them or you know have to have to chase and then get caught You know on the wrong side basically So Jared, I think I answered your question there on the you know Understanding if the liquidity was consumed or not. This is this is again the answer up here. Yes here You know, it's trading right into it So yeah, it's consumed. So when you see the transactions into it here, look at all those transactions Okay, you know beautiful stuff No, no question it is transacting. Yeah, and the and the the larger players, you know, they're they're Well, they they're using a lot of them are using the algos, but The HFT like yeah, yes and no, I mean, you know, they're using stat stat arbitrage And and looking for an edge and when that edge Presents they they take it. So the God, this is a beautiful pullback guys here Some a lot of selling in here actually So, you know, we can kind of look at the the dots look at the bars and the pullback was here now And this breakout was from this area here was a little bit slider But you know still we're still bullish here and we're still looking for this to climb higher Okay, it's just starting to slow down a little bit and we're noting that all right, so Yeah, that was I was gonna say about this this these the larger players a lot of times like Well, we see their intentions hidden with up with the icebergs for sure. We saw a great example yesterday, you know Beautiful example Yeah, if they if the color and the heat map is up here red and orange very high liquidity Then yellow is less in fact, I want to demo a new product that we have it's free and It'll show this, you know as well is this liquidity marker. I'll show you that well And Noel what we're what we want to understand is You know the longer term high liquidity like this is typically a magnet for price buyers know they can meet sellers up here and This is exactly where they're going, but we need to look at and understand the context of the Not only the liquidity on the offer here, but we want to also understand the buyers here Okay, the aggressors they're going after it. So yeah, we're looking forward to continue And now in Shorter time frames smaller time frames we want to understand this kind of liquidity in here that pops into the book very high liquidity And What's the reaction to that? You know what what are buyers and sellers think of that? So you can see how they're testing it here. Look look how they're coming in here high liquidity up here at 39 and a quarter They're starting to sell off a little bit Okay, so we're getting kind of an a feel for the market and the auction here, right? More on the offer sellers coming down. They're gonna trade into this liquidity down here And Now down here Let's see if we get buyers Okay, and we can look at different like a low volume pullback strategy here This is one of them right here right into this area here. See that where it broke out from and And the cluster of buy volume in here. Okay, so let's see. Do we get buyers in here? And we'd be this let's read this small auction in here. No, we don't want to see that We're gonna see buyers up here Okay, we're getting a little bit here not much though. There's more selling in here So likely they'll try to drop it a little bit lower here Okay, there's some exhaustion see the exhaustion there. There's no selling here Okay, there's a little bit. All right, so they might be able to drop it a little bit lower here Okay, there's more selling here. All right, there we go Okay, so now we want to do is we've reversed back up we're looking for buyers right for a continuation So we're looking for buyers up here. Here we go. Now. They should be able to move it. Okay, understood Understood like in in this micro range here Now we're right back down Okay, we'd be looking for them to support it though, and they're not All right, so a little bit back and forth in here right now Hey, but it did what we were looking for here And this is this is where you have to look at your kind of bigger picture It came back up into where it dropped from up here and tested it Okay, so we're reading this auction in here It's really simple. I mean, this is so much simpler You know a lot of traders come in and they look at book map and go God This is gonna take out, you know months to in several hours and hours to kind of figure out not really Educational course like just is very simple and straightforward It's understanding look at the exhaustion down here. Okay. Well, do we get buyers up here? Yeah All right, they should be able to push it. Okay now Let's see if they can break it up here and get into this liquidity up here at 39 and our 40 level, right? We wanted we wanted to trade up to 40 This is a really good example here. I think so we're back and forth in here. We found some buyers up here Look at the sellers in here sellers here. Yes Some in here. Okay, and it did there was a few selling down here But not many and this this goes into that concept of that finished edge that people talk about in volume profile It doesn't matter, you know what you want how you want to call it Are there sellers down here? Not many Does the market want to trade down here not much Okay, it goes back into where it can trade and transact and it's in this area here and this micro range in here This is the most trading Level here and you can see it in the profile Okay, what about up in here? What do we see? Well? Yeah, we we see more buyers up in here up in these areas here Now we come back down retest this area here and we're not even talking about the order book right now That's a whole nother Level of context to add in here Okay, but we're we're just talking about the structure and in fact, let's take the order book off for now we're just talking about structure and Volume within the structure that's it Okay, well we we trade down here a little bit of selling here. There was previously some selling here They really pick it up. They can they can drive it lower, but they didn't It came down here several times and we didn't get any this is exhaustion We didn't get any selling down here. Okay one two three four five tests in here Hey, or even more than that The bit the bid came down here a ton of times only only these five Transacted here. That's it A lot transacted up here the most Now we're looking to see if we can get buyers up here And especially up in here Up in this area here All right, so do we get them up here? Yeah, a little bit. Do we get more up here? It's looking good We we didn't get any selling down here. Do we get buyers here? Yes, I can see them right there We should get a move back up to top top of the range and maybe a breakout of the range Okay pullback and Back up more buyers here. We should break it here. We're looking for the move Didn't do it came back Even here didn't do it. I mean it came back up to the top of this range here at 39 all right, so You know you can use this in so many different ways for Your trading here, you know, you can you can you can manage your risk within these ranges here Now now we're starting to see we the sellers are coming in now And we could have read that too Down here we get our sellers. Yeah, we're getting a big cluster of selling. Yeah We'd be looking for them to try to drop it Yeah, I thought up here We'd we have enough buying up here to get back up Not not only to just 39 but a tick or whatever, you know up into to 40 here or or higher And we do have some buying in here and we do have some exhaustion in here And this one failed You know should should have had enough buying up here to break it We didn't and the sellers come in here Okay, and now they're breaking the range They sell here and they sell here though as well and they're able to take it down lower Hey, but look at the selling in here though, too. It's not a whole lot That's where that's how you can get our low volume pullbacks in these areas here Because there's not a whole lot of selling in here and now the selling really picks up down here Okay, and then this is how we get These moves and these these kind of under over lines Right here another one's up here. Let's turn the heat make map back on okay, so I Hope that answers some questions there knick-knack So yeah, the color change means the orders changed. Absolutely. In fact, you can use this Hover tool or data tip tool and it tells you how much liquidity is on the ask here For example as you scroll back and you can look at like this red area 348 This yellow area here is 212. Okay. We talked about that liquidity as a magnet What are my volume dot settings here? We'll go quickly over that here. They are I'm using volume Delta and Some of the smart very little of the smart cluster in here How can you differentiate in between profit-taking and and you know real selling? Well, typically that's your low volume pullback. There's still just they're not really necessarily You know selling To initiate positions. It's more like just kind of people exiting the market and And it you know it kind of pulls back a bit. I mean that's that's one way to take a look at it Arian yes, there's a new feature that is allows you to Open I have to get I have to update you guys on it that you can open now the same symbol twice And it's an add-on right now it will be integrated into the core book map Yeah download but right now it's not okay, so it it's something that will We'll go over. Oh great nice to hear you're learning a ton. No, well, I really Encourage you to go watch that educational course part one and If you're a book map subscriber You'll get part ones through four that you have access to They we've been just reviewing it basically here, but like I said this applies to any Any any trading strategy, you know we can look at candlesticks in here So heavy selling now see this is not profit-taking Right understand that so this is this is new selling coming in and we have icebergs on the other side But new selling we look for this them to trade it back down to here and and where these buyers initiated and See if they can get even below it here But yeah down to 32 here a good one good move to 32 and we've already tested this area here Okay, once or this area here once this is where sellers can now drive it even lower try to get down to 30 Strong selling and this small time frame is pretty strong selling. So we're looking for the move down to 30 Okay, so yeah, who took control in this move here and where where did it really start what kind of Where do you identify that? Okay, Timo your new user, but you like it. Yep. Yep sounds good and learning a lot The magnet still up here Brown so yeah, we're still looking for for this I mean, we'll zoom out here and get a bigger picture kind of understanding of what's going on But this is still a magnet up here The educational course is online you part one at least you can you can see We're we're gonna make a public. I think parts one through four So yeah, it doesn't matter if you have toss book map on toss or think or swim or not So what but but go through part one for sure that that's free and open to all right now. All right, sorry guys on In discord we got this going on discord if you want to join the chat over on discord as well. It's We're over here. Oh Moby did a webinar on Delta. Got you Tom. Okay? Yeah, it was that's that's right. It was it was Moby using that tool. That's that's what it was exactly Yeah, sorry a little slow today. I've had plenty of coffee, but I'm still slow I don't know why Current build I'm using is the The Latest one I think build 24 or something like that 7.3 is what I'm using You will need that you'll need to download and install that for this liquidity marker, which I'll go over Okay, Doug Doug's Let's take a look at spy here quickly a Doug was some minutes ago talking about SPY and some options in here and why I'm I want to cover this is not only because we get lots of good insight we had Doug came up with some Really nice correlations and a couple days ago and one of the webinars and we saw it play out really really nicely Maybe it was was it yesterday when we had that we had correlations and we also had the icebergs Could have been So here's what Doug is looking at here. We'll take a look at spy in just a second here Yeah, the drawing functionalities there are some things that we can go over And and definitely improve on no question about that, but there's a few things you might find helpful Like for example here You click on the drawing tools and if you do single figure figure mode When I that means when I draw one trend line here Hey, or whatever it is. It will it'll immediately go back into Regular mode here, right? So yeah, in fact We can see that we're back up here and We're breaking that trend line, but you see how we need to get here kind of above our 34 area here Let's take a look at SPY Doug was just saying that He started selling a lot of calls and buying puts Okay, so there's an edge right there guys SPY look at the selling down here nice cluster now I posed the question where where did the Who took control and where? and Yeah, I mean we could we could say but you know kind of back up and up into this kind of area here But really I mean it really kind of hits you over the head. They took control here 35 and a quarter somewhere around there. Okay. Thanks Doug. So you got your SPY in there Yeah, 30. I mean, this is nice to this 33 and three quarters. It's true But they really came in here and started driving it That's that we saw this and it was down here. So we were looking into I think the next move was Or no, I'm sorry. Maybe we saw this drive and we're looking for 30. Yeah, something like that. And we're still still looking for it you know, I mean and and Doug is Has a real nice correlation here like in the SPY. Yeah, I'm looking for them definitely to trade back down here Look at that cluster of selling down here. I want to see them trade right back down into this kind of 44 52 15 or so Hey, there's a quick move to the upside. Let's see if we can get under over here. There we go Let's look for these sellers here looking for them. Let's see if they show up Lot of the query just popped in here Okay, let's see it sellers. They should be able to hit it Okay, we're already at 15 If we get enough selling in here and I don't see it right now But they can really up end these buyers in here If we get enough selling in here, we should get the move lower just should be a nice move lower too guys should be Because we have so we have buyers in here, but they're on their back foot right here There we go, let's see it sellers come on They should be able to hit this hard and and and knock some get these stops triggered and get a nice move maybe back down into I Don't know 41 or 451 80 or so Maybe 60 should be nice and what what just happened here. Oh I had some data. Oh, that's unfortunate Yeah, who are nice moves pant panting out. That's what we're looking for Just had a little bit of data loss there, but yeah Continuation maybe we can get down to 50 nice one Doug Nice beautiful correlation Doug just love it Yeah, here we go Here they come. All right, so now we should see now we talked about profit-taking We should get a bounce here Hey, this is where they kind of initiated we see this cluster in here We see some liquidity in here. All right, you know, let's let's see Let's see if we can get you know Just maybe you just see some buying come in here But kind of a low volume pullback and move back to well You kind of did one already right here already did it the next one would be maybe a little bit higher here This level here or the next one would be up here where it kind of initiated from Something like that Okay, so far you can see it's it's it's testing this area here again. Let's see. I think I'm all caught up Okay. Oh, you got the okay the RTH VWAP up there Alan Alec Is right around where we are Okay, yeah, so here's our pullback now. This was anticipated right? Okay, it makes sense, you know strong move Into liquidity here, you know, we're gonna get some some profit-taking we're gonna see some some buying maybe start to come in a little bit and And so far it's clearly a low volume pullback clearly Okay, look at all that strong selling and then look at the buying in here Look at the dots. Okay, so we start to look for in the auction Looking for maybe sellers to start to come in After we pull back to some of these areas here. This is looking pretty good here to 28 and a half here. We're already getting some sellers All right, do they auction down here again? Yeah, they're starting to All right, they should be able to drop it and This is where the order book you see how they're kind of testing that This is where the order book context comes in They're adding more in here and what kind of repels those sellers now if they pull Look out and they maybe add on the on the offer here. Look out. It should drop See how they're kind of buoys the market here start to show in in the order book here And it kind of goes back up. We go. All right, so Yeah, and there's still having an effect here this 26 area here is still having an effect Here we go. This is what we're looking for See how they kind of pulled here and they added on the offer and we got our sellers now looking for the sellers To try to drive it down into maybe 25 here this liquidity Okay, let's see sellers and should be able to do it. Let's see it And they're still reacting to this this order book in here Still reacting to it see see the reaction to it But this is like really another crucial element here to understand in In the order flow the reaction to this liquidity here not that longer-term liquidity That someone was asking about like at 40 and 50 Instead what we're talking about in here is this, you know, kind of testing and Nudging the market back and forth in here trying to understand demand and supply and reactions to it Here here's some exhaustion here now, but they're back in the book. Okay, so that's not really what we're looking for Okay, so it auctioned up here Is it where we get in sellers here though, too But we got exhaustion here. So we should if we get more buyers in here We got the potential now for a break up into 30 Hey, now it's now it's starting to auction back down here and they have clear sailing down to 26 sellers All right, there's exhaustion No, I you know now this you know look trying to read this in here It's it can be challenging like, you know, we're seeing it kind of back and forth in here It's still auctioning back up here Okay, we got some sellers in here. We got a little bit more. We got exhaustion there a little more selling All right, they should be able to drop it lower here. Let's see Hey looking for the move back down to here at 25 or and then yeah 25. There we go Okay, understood What does that does that make sense to you guys? Does it make reading the auction in here? Does that make make sense and try to understand this and you can you can make? A trading plan revolve around that understanding and it doesn't have to be on these small time frames like this Okay, he made some money today Alec. Yeah. Yeah, I mean it really you know Like this this move here to the downside and understanding this see how stronger there's stronger volume in here We got a pullback and stronger sell volume again We were looking at the strong buy volume in here And we're looking for this 40 level. We were looking for we saw this start to come in We're looking for 25 30 35 40 Okay, take a look at it now now. We got a lot of insight from from Doug on this About the options in SPY And we're back down to our 20 level here that we were that we initiated this whole webinar around this This this pivot line here And now we're below it Okay, so and we have liquidity here at 15 and strong selling All right, let's let's see them trade it back down to 15 Where there's so much to go over we haven't we've kind of barely scratched the surface on a lot of things We didn't even look at our higher time frames here our daily chart Daily chart on the left here and move above it here a wick already still bullish on this daily Also on the hourly still bullish strong candles here Move back up above a range testing the bottom of this range now Now if they if the sellers can drop it into this area here below This 45 12 great they should be able to bring it down to 40 4500 maybe lower It back into the range So 15 minute chart over here on the right. Okay, look at the wicks down here And we had a gap as well Due to the wicks in here in the strong move up. I would look for a pullback here around this 12 level 12 13 level maybe a little bit lower maybe maybe just get down below it here 9 or so and then You know, we know there's buyers in here on due to the wicks And so we would look for I mean, this is a strong strong sell bar on the 15 minute though And so maybe it will just continue on down, but I'd be I'd be looking for a few buyers in here And maybe it just lifts back up to about here Okay, so we're outlining the same ideas here on the candlestick chart be looking for the maybe the move back up here But yeah, maybe we can continue on down here To this this level as a pullback, right? So that pullback strategy we talked about We're going through the same ideas here on the on the candlestick chart So here we go Okay, back down to 10. Okay lows for the day strong selling strong strong selling coming in Okay, so we're now we're kind of at that 9 10 level and we're looking for You know, some buyers start to come in a bit. We're not looking for a huge move Just looking for a pullback here. So let's read it. Okay, there's that and then there's this here as well our level here Above that area Do we get buyers back up? Nope, not yet. Yep sellers continue Okay, down at oh nine hit. Oh nine that liquidity there at oh nine. Okay below it as well Oh seven. Okay, it's still exploring lower here. Here we go. Okay buyers Let's see if we get some at here at and they should be able to bring it right back up to 10 Maybe even 11 here Okay Reading the auction here not many not many here we go though. We're back up again. We have exhaustion here on the sell side Okay, so no not yet let one more here one more. Let's see if we get buyers back up here No sellers still here, so they still can push it lower here sellers still here Exhaustion here, but they're still sellers And now a little bit of both buying and selling Hey buyers come in should be able to lift it a little bit just a little bit. There we go Now let's see them lift it higher here back up to maybe 10 They're pulling up here at 10 they can get up to 11 maybe or 10 and a 10 and a quarter Okay, well we got up to that 10 and a quarter Okay, now reading this in here No different again than looking at head and shoulders on a higher time frame or starting to understand You know a potential reversal now this this in the bigger picture. This is just a pullback Okay, maybe it turns into reversal, but we're just looking for a pullback You're just you're you're you're kidding us here Alec right Yogi ty Ask Doug he's the hero expert With book map. Yeah, come to the webinar today 430 Get your questions ready. I mean this is a great opportunity He's really interesting and it's it's what's I love so much about Doug's strategy is it's totally new He's using these new tools. That's an edge and that that's exciting You know these new tools in from hero from spot gamma Yeah, you'll see it. I'll have it front and center on YouTube page here shortly as well but you guys you should see it in the Chat and everything Yeah, and don't forget in about 15 minutes here. We will have a Tom Tom be All right guys, so look at the buyers come in now, right? We're just still still it's a pullback. It's a pullback Okay, but it's pretty strong buying Hey, so we're looking for maybe a deeper pullback All right, look at look at the buying look at that context in here in this buying not bad So let's see if we can come back up into where where would you guys think? Based on what we've been talking about No, there's a there's a whole there's a range We're actually hitting the first one right here 30 would be a huge pullback I mean that that would be asking for a lot Oh 20 Alan you say 30 You guys are saying 15 16 20 somewhere around there. Yeah, I mean I really like this one here Look at the the order book here. You can see there's transactions here and sellers dropped it They traded through that area. So I really like 15 The liquidity is up here higher They're up here at 16 now again talking about now. This is shorter timeframe liquidity But it's high liquidity and this is advertising here saying like, you know And you'll you can see how a lot of times like look at the buying that came in after this level came in Makes me, you know, it's not suspicious, but just kind of think Larger players may maybe they'll be putting in their liquidity getting in the in the In the order book in the queue up here and then now start to drive price Okay, they want to be sellers up here. How do you how do you get this is where we have great webinars with? Scott Polsini He says like guys I did this I put my target up here I start to get them to buy to reach my target because I want to I want to either cover up here Or I want to be a seller up here We have someone who did that like and they were trading like thousands of S&P contracts They had the power to be able to do that. It's just unbelievable 10% of the S&P e-mini volume is what he used to trade daily a Good stuff guys on this on these pullbacks, etc. Now now now that you're noticing some of these areas for these pullbacks in here But then we want to look at the order flow Okay Not only to drive it to those areas and and that the higher probability Move to those areas, but also what it looks like when it gets to those areas. What's the order flow look like? Yeah, we have Okay, no. Yeah, the Dugs webinars a half hour after the close 430 East Coast time All right here here. We're getting the answer here as well. There's a question about this Here's high liquidity here. This is these are buyers here The transaction took place Sellers took these guys on a big red dot into red liquidity high liquidity here now That's the event to take a look at This was a pretty big event Now what's the order flow after that event? Well, we have more sellers down below here still okay So maybe our pullback is complete and we're looking for sellers to come right back in now and drive this lower now Hey back down into lows of the day here and they're doing it so far All right guys, I think I'm caught up on the questions there and comments in Discord, let's go back into YouTube here. Yep brown 4517. Yep. I like it Up in here this well, I think it's what 16 and a half The Quitty marker. Sorry Jeffrey. Yes Yep, we've got to it. All right guys. Let me let me let me jump into it here There's a lot of nuances Jared, but the concepts are pretty simple and straightforward here to go over very very and and this is where like Years ago we we were using kind of kind of using Alan as the poster boy here of How to kind of simplify this? and look for higher probably probability moves again and again and and the way to do that is Just to look for really simple straightforward moves to understand it Okay, and then you can also start to trade around that you can start to build a trading plan to look for those things and Look for it again and again Okay, so Yeah And you're you can't get greedy you you're looking for that play to work out or not and that's it It may do more and you may kick yourself and go God Why don't I like hold on to this the rest of the day or whatever it might be you can't you can't do that? You're you're building confidence in your plan for this one event to unfold and that's it And and then see it again and again and again and that that will that will build your your confidence for sure All right, let's let's go over this liquidity marker in here It's it's new. It's free. Let me show you where you can find out more about it first off come up to help In book map and then go to user guide here Okay, that'll take you to our Knowledge base here you guys should have gotten an email about it here and then you can click on add-ons here Hey, so it's in the add-ons section not the user guide section and then all of the add-ons are over here on the left Click on the one down here liquidity marker Okay, and this is where you can find out all about it in here what it does it you can see it's you know showing the liquidity in here on right on the chart plus minus etc and The Over here on the right-hand side, you know our kind of mark marks up the the paragraphs in here So how to install it or how to get it etc. Click right here or just scroll down Okay to How to install it click here to download it you will need to have book map version 7.3 Build 24 or newer. Okay, this is the newest one right now is build 24 Okay, once you got it, you there's a process here to go through to add it and then there's all the different displays in here There's FAQs down below here as well So, you know scroll through this and read about it here. Let me show it on the chart though Hey, and we'll go over it in more detail Another time we've got to kind of end the webinar here in a bit But we'll go through it Jeffrey in more detail. We'll scroll down here. Here is liquidity marker click on it select it here and You can look at The different settings in here some really nice stuff in here to look at like you can see right now this red texture is loading it Okay, and it's probably too high or too low of a number in here So probably be a little easier on book map if we 50 should be okay Okay, so there's a display threshold in here. We can calculate it automatically as well In fact, let's just try that so 65 it see how it boosted it up to 65 and we're looking at liquidity markers in here Okay, so and zoom out Still it's still loading it. Alright, so nice read again. Here is the event right here Hey, we're not making this stuff up Here is the event. Here's the sellers sellers below it. We're looking for continuation. We're getting it Hey looking for now the figure down here 4500. It's a nice spot gamma level level to down here as well Look at the edge that you guys got here from Doug He pointed this out an SPY And we were up here and there was a lot of selling in here And he noticed it in spot gamma and he's looking for that move Okay, beautiful correlation there beautiful beautiful correlations guys is such a Important An important thing to look at you know because you're looking at you know meaningful markets to Get more insight in terms of value Yeah, you will need to restart book map. Yep Well first off Alan you probably just need to go download build 24 Anyway, look 141 added in here. Okay, very very quickly now This is the setting that we have in here which means what within five seconds? you know something was added and You know, that's that's what we'd be looking for in here in five seconds here definitely um Yeah, now we're down at seconds. Yeah, that makes sense. Okay. Sorry about that So here's this is a 1125 here's Well, here's the five-second mark would be in here somewhere Okay, so within five seconds like we had a boost in liquidity 100 plus 141 Okay Yeah, perfect beautiful work programmers All right, there's different ways of looking at this. We'll go over it in more detail But different ways of looking at it like you don't have to look at you know within the five-second period or whatever There are thresholds in here as well. It's 65 or greater. Don't show it if it's less than that There's also max liquidity levels in here really interesting one. So play around with that I'll just cover that right now it's a Here would just scroll up a little bit here Uh here liquidity markers versus max levels here. Okay, so liquidity markers This shows price levels on the heat map where the liquidity was significantly changed x amount That you input or automatically input they're using that automatic tool within a five second period Okay, that's what liquidity markers shows liquidity max or max liquidity levels This shows where largest liquidity is positioned Okay, so if you toggle back and forth between those All right, so yeah play around with this and here's here's the you know looking at the display or the automatic Setting in here or you know automatic calculation All right Anyway, we'll go over it. I think maybe next week In more detail, but you guys know where it is You know how to download it and how to install it there Let me put the link here into the the chat for you. Okay, so here it is in Discord and Here it is in YouTube Okay, Jeffrey. I hope that answers some of your questions Okay, but definitely, you know download it and read through That area there and also download that build 24 7.3 Okay, so some really interesting stuff, you know really starting to understand some of the changes in here I mean, obviously you can look at the heat map, but you know to see like within five seconds these changes and and you know You you're getting more into the nuances of price Or supply and demand I should say Like they added more in here Down here within five seconds and they're still in there. You can see where they added it in And we're getting some icebergs here. Okay, interesting stuff. Look, we're below the figure. We've covered this one a bunch of times Here's the event. It's right at the figure. This is this can be your under over get a lot of people Short here. We have tons of iceberg buying underneath And the liquidity markers showing a little bit more liquidity in here We're getting our buyers back up above it here. So all right, let's see them go for this 04 and 05 liquidity Can't do they have enough buying pressure here? Okay, so far so good looking for them to continue All right guys, let's wrap it up. Thanks for coming everybody. Have a great weekend Look for Doug's webinar on at 430 today. And then you'll already see I believe Tom is probably already starting to display in In the discord chat if you want to continue to jump over here to discord Okay, so in Tom B's room, he'll continue on with the S&P and And go over Volume profile and order flow in detail Okay, so great stuff over there. Check it out. Thanks guys for everything Good week here. So we saw some really good stuff and we'll continue on Monday. Okay. Thanks for coming