 Good morning traders and welcome to the live trading webinar here at bookmap. This is Bruce and We'll do the live analysis today So we do this Monday Tuesday and Friday 10 a.m. Live trading with J Trader stocks trader on Wednesday and live trading with Scott Balsini was yesterday Thursday at 10 a.m And then every day we have in the afternoon Tom be Streaming in YouTube as well. So you'll all find it on the YouTube channel there and You can you can join Immediately so when the stream starts All right, just a little bit of background on our education and then we're going to dive right into the S&P E Many take a look at the market in general and and give some insight to where we think price is going to move next so to Understand that statement or what our goal here is with these webinars. It's to Educate you on order flow with the best education that we can we have an educational course. It's free. It's online It's on YouTube watch that come to these live analysis market Webinars here are streaming events Monday Tuesday and Friday because this is where we apply what we've learned from the course with multiple trading strategies not just one many and this Allows you to confirm the education that you see From the course but in the live market and then we have different trading styles here Okay, we have J Trader. We have Scott. We have Tom B They go through their trading styles so We really try to cover everything here for you and provide a very kind of holistic Quality high quality education for you. All right, let's get into the risk disclosures and jump right in here General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific Investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involve substantial risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump in. Let's take a look here Pretty choppy here already in the morning as you can see from about 6 a.m You know, we have a bit of a downtrend here But we'll take a look at the bigger picture here lots of liquidity in here up at 3950 3960 3920 down here We've already traded into and through this 3930 area here. We don't have a lot of news out there today either So we're just going to be looking at them. It'd be interesting interesting interesting session here 3910 and also the figure we're going to see some liquidity down here not so much right now But they're probably mount a lot more if we can get down into that area All right, let's see a few notes in here So I just want to mention a couple of things One is On our discord chat room, let's take a look here. Let me find it hold on Yeah Here and the discord chat room under this one here workstations Hey, we kind of renamed it was called workstation pics and it had everyone's workstations in here and it was cool I mean some beautiful Different configurations in here well Tom Tom be here is looking for a laptop And I thought I'd give a shout out here and and and put your comments in here If you have any kind of insights on a high quality gaming laptop 17 inch That Tom is looking for here. All right Ah another thing to mention here, I guess since I'm already mentioning that we had a trivia night last night and Yeah, you'll you can find it down here under special events and under the playlist here you click on that And it'll take you to all this different special events in here. There are many. It's not just trivia It's like all sorts of things in here. All right and Yeah, so what you can see the upcoming news streams in here or live streams in here Tom be will be next And that's at 11 30 a.m. Once this ends you can just go right over into that room. All right Okay, so here we are we're starting to break down a little bit And we're into 39 20 and we're seeing a lot of sellers in here now this kind of move here We're the selling is here. So I'm we're looking for them to continue down to 39 10 Okay, sellers are moving it here now. We have to be kind of careful here on these moves It looks pretty good though. This is what we look for number one. We look for heavy Sell volume here. All right. Well, we got it And then you know, we want to see it continuous though and that we don't quite have here It looks good. See how it kind of wanes down here a little bit and see the buying coming in All right, so looks good We're just noticing that though. We're still looking for the continuation here to the downside All right, so they have to pick it up again in here the sellers and then they can hit 39 10 Right. The other thing we look for in here typically in the order flow is not just heavy selling But also price movement right now. It's a little it's been volatile lately. So and we're you know breaking the low here The cash low This has already been more than a five-point move. So this is more likely a Continuation move here. Okay, so not only 39 10 we're looking for the figure down here Okay, this is a big concept to understand in order flow Understanding that you know the higher time frame traders are moving it away from this previous value area in here Or this previous kind of choppy area in here, and this is what it takes This is very indicative of the kind of footprints in the sand here That they're moving it away from these areas. So you could see even with You know as we started to note this starting to come down in here And we're looking for the continuation into 10 I mean you could have gotten involved in One thing to note about these these kinds of moves in here and you'll have to kind of put this together in your own strategy and what you're looking for What I've noticed when I see these kinds of things is I just jump in Because it is unlikely you're gonna get a pullback in here when they're moving the market like this Okay, and this is a good example of that The one thing that I didn't like was like what I mentioned in here was some of the selling in here started it It wasn't quite as strong, but it wasn't it's not that bad either, but I wanted to see more I wanted to see big dots like this down at these lower levels here. All right Okay, so anyway The waiting for a pullback on this you're still you'd still be waiting So yeah when I when you know, that's that's my plan. That's what I've studied. That's what I look at I look for the continuation All right, there's also a Bit of psychology involved in that too and it is my limitation is a bit of FOMO I don't like to see this do that and it makes me feel horrible So I jump in I scale out a little bit along the way some in some places like 10 Or or take all my profit at 10 and I might even be done for the day after a move like that All right, it depends on on the sizing etc. It's up to you and Anyway, these are considerations here. This is these are not trade recommendations It's just to read the order flow here and to consider how to interact with it How you might want to interact with it and you need to you need to go kind of See if this fits your trading style your your way of looking at the markets Maybe it doesn't maybe you're you know, you'd be looking for a Pullback here and and that's fine And you you didn't get involved in this this one didn't pull back so It's really up to you also time of day in here. This is very typical. This is the continuation from the kind of You know cash session here I So it's continued to the downtrend and it broke into newer levels here All right, so let me I've been ranting here. Let me get into some of the Comments and You missed it okay Bert Yeah, I mean like this is If it's something that really really bothers you then this is something to consider what we just talked about a Finding way to kind of slip into these things and Scott's webinar from yesterday. It's been uploaded. So I don't know what happened, but YouTube Locked it. Okay, it's private and they locked it. We're finding out what happened there You know Scott didn't swear or anything like that. So I'm not sure why It's not available at this time, but we're looking into it. Okay. We'll have we'll have something some sort of answer for you All right, so let's see here any questions in our YouTube Good morning, Reiner. That's it. Okay. All right, so we're all caught up there and All right, let's let's continue on with our analysis here and you guys can see if you're new in here This is the forward-looking analysis that we do Right is applying that education and so it kind of verifies the education In essence, you know, it's for real I mean like we go through exactly these processes and now we're talking about it in the live market We can also talk about how you might get involved And there's many different ways to do that One of them was the way that I mentioned here. I just kind of jump in and go for the ride and then take my profits along the way and try to let the rest run And if I even I might even add to it In some of these areas in here if I'm looking for that continuation Like right now. Yeah, like why not add to it here look for another one at 305 3905 or maybe 39 a hundred here now. It's not going to be as easy as that. It never is So what we need to kind of manage the trade we need to kind of understand You know, how to manage it and again, this is not a trade recommendation room. All right, we're just we're just covering Different ways to consider it here like right now Well, okay, so it came back up. It tested into 10 and now it's selling off All right If you didn't like that and you saw this just transaction up here and you got involved in here in this top end here Maybe you would take your profit in here. It's just a quick scalp within this range Or you know, maybe we get down below here. You see a big red dot and you're like, okay, I'm gonna sit back I'm looking for this to break down into 3900 All right, so anyway We've talked about all of these things in the past like different ways of Getting involved in here So yeah, you know, I would I would still be in it basically and may have even added in here And may have even taken some off at the bottom of this little range from this position in here Okay, because we yet see how it has the possibility here for these these buyers to come in and then sweep it back up into these areas here and The next area, you know, I don't know probably probably up in in here where these transactions took place and it dropped We also look at these little swings in here And you know, this is just a smaller structural areas where you can kind of anticipate a price to come to And and test just test It might not accept But test that area here, right now look again at another thing that's really interesting here Right. We've seen that by this buying cluster here and and pretty strong buying right now So yeah, I'm looking for them to test back up here, right? Maybe at this point I my one position that's on already. Maybe I dump it And maybe I even scalp it back up into this area here or even higher We can talk about another strategy in here. What about the mean reversion trade? It's a it's right around that time We've dropped a ton here And we see the buyers coming in And we have our VWAP and we have our point of control up here And we have a lot of people that are have sold in here All right, so that could be another way of looking for your Countertrend trade up into these areas Okay, let me look at the you know the thin auction in here, you know on the way down here There's not a whole lot of contracts that traded Okay, you can fill in this area in here and just the market likes to kind of test back and forth in these areas all right, so Anyway, let's we'll see if it if it auctions up in there or not And we're just gonna read the order flow And nothing shaken so far Sellers come back in and bouncing off of this. This is our structural area right here that we're looking at One structure another one So far this structure is we do see some buying in here, but it's not so bullish to be honest This is when this one has a little more volatility to it This is pretty pretty shallow in here. You can just look at the the width of the boxes there All right, so then you know looking at the order flow if we get some sellers down at the bottom edge here We have a lower high Looking for sellers here and then a break and then continuation of that bigger trend Oh nine bottom of the range oh six the down to the figure thirty nine hundred And that that that's another scenario in here to take a look at here I don't see it. I'm not getting much from it right now. I don't see those sellers here And in fact we see a little bit of buying right now up here Okay, now did those buyers make a higher high? No Do we see sellers back down here again great? All right, they should be able to drop it then oh nine To oh six and let's see if they show up. They did here a little bit Here they come again, and let's see him. There's oh nine. Okay looking for bottom of the range here Could it could bounce here? Could bounce right here. We have another little structural area And this this is the point of control or most rated level here So that could be your target as well Instead of oh nine I look for your kind of oh seven and a half ish Area here. Oh nine is not bad All right. Now. Let's see now that do the sellers want to push this through now bottom of the range oh six and then and then continuation It bounced off of oh eight here as you guys can see Okay, it traded into this liquidity here. So anyway you guys We're looking at these these levels in here In the in in the price structure, and then we're looking for the order flow around those levels To give us some insight so on the way down. We knew that this was the big move All right, so we're looking for jumping in and riding the train here on down to some of these levels ten was one and then The figure here was the other All right saw some chop in here talked about maybe scalping the range in here and then talked about maybe even You know ejecting out of that other position here And then we talked about a potential here for that mean reversion here And then we started to read the order flow in here, and we didn't really like it We know we knew that this is not a really strong move based just on the range And and then we started to note. Wow. Okay, so we're not seeing buyers We're making lower lows in here and lower highs in here We're not really seeing the buyers at this point. We really didn't see the sellers either Then we started to see them here That's when we're looking for the drop And we're looking for them and we stayed away until we started to see them then we then we saw them We're looking for it to drop and we start to set our targets based on market structure again All right, so we're looking for a continuation We've already tested below we hit the 06 bottom of the range and it went through it So we're looking for continuation again down to 3900 here And then we also know typically S&P there's a lot of traders we hit 3900 And then we look to get everyone on the hook down here Go below it. Maybe 3895 everyone thinks oh my god, this is dropping like a rock And then you'll see those mean reversion traders come in Or at least back up into maybe the mean or you know high volume note up here. Okay Anyway, we're we're talking about again like market structure and Then and then looking at the order flow within the structure to give us some insight here Good morning, everybody. Let's see Carolina. Can you explain how you identify sellers? Well red dots are market sell orders Green dots are market buy orders now when I when I'm talking about sellers and buyers in here I'm talking about the aggressor Okay, they're the ones that move the market There's the other side of the trade and I talk about them as passive orders. Okay, they're not the aggressors Those are limit buy orders and limit sell orders here down here There's a lot of limit buy orders. You can see it in the heat map here You can see it in the COB column that stands for current order book. This is showing you liquidity Okay, so there's a lot of buyers down here at the figure at 3900 And the sellers well majority of them are there up here way up here at at 39 39 or so And you can see them in the heat map in other areas here the scale of the heat maps here at the top center Red and orange very high liquidity Then yellow then white then blue then black. This is the auction. Okay, this is the other side of the auction the passive Orders they they are Such an important part of them of the market without them. It's just you know, there is no auction and This is what just I find so funny is a you know getting in arguments with other traders about like, oh, this is all BS The liquidity in here. It's just simply not it's it. This is what? Makes up the market. It is orders that make up the market and This is the understanding of the intent of these traders at these areas that gives you insight Yes, they can spoof. They can pull their liquidity at it in other levels pull it away as soon as it comes up to it and say like Haha, I don't want to trade right Yes however We can see when they do trade we can also start to understand The relationship between these three elements on the chart Only three elements here Right now I've I'll go over this I dimmed my I don't know if you guys like this I'm just kind of testing it out to see if I like it. It's a really nice feature with the stops and icebergs to have it transparent, but the in fact, let me let me just take them off for just a moment here and just go over these three elements here on the chart because It's just not not for the newer traders. I mean like, you know the guys in discord are probably just rolling their eyes It's really important and we're gonna go through the order flow Analysis anyway, so like look what happened up here at 10. Okay, we didn't know that There was a lot of interest up here at 10 to sell as price came up. They started to jump in This is showing pretty good intent to trade Right now price even it didn't even hit them though Now these guys here at 39 39 0 9 and 3 quarters They actually started to pull some of it, but they stayed here at 10 or 10 and a quarter. It looks like Yeah, 10 and a quarter. So you can start to read the auction in here These guys on the bid down here. There's high liquidity in here and they transacted So these guys here that wanted to be buyers. They are they're long Okay, so now we're really truly kind of reading the auction So here we had some insight right that this kind of started to repel No at first they started to go for it here. They came in And then Showed this high liquidity in here and now we're selling off. They come in again at a lower level and we sell off So higher supply at a lower level here and the reaction is we find sellers Okay, now now it's becoming a little more convoluted. We found buyers now and we're finding buyers again So we're reading this in here and starting to understand it, okay now will they go for 39 10 Is there enough buying pressure in here after these two big transactions to come up and test into 39 10? Not yet. In fact, we found some sellers So looking for sellers to drive it to the other side of the range here See if they can do that to 05 and 04 and hit this liquidity down here Okay, we got down to 06 and we're just kind of still in this range. See see how they pulled in here again So there's some softness up here. There's some buyers up here still So let's see if we see higher demand at a higher level in the order book here a skew in the auction Maybe they pull it here and add it higher And they're going to trade oh, they're going to trade 10. In fact, we just got some insight here Okay, very quick transaction right there High liquidity and and it transacted there's buying pressure. So I'm looking for 10 I'm looking for 10 and we can even maybe break 10 here And trade back up into 13 the top of our previous range up here Okay, so let's see these buyers. Let's see them trade into 10 There they are and now I want to see them trade up to 13 Okay, this is a new range now There that there it is. There it is beautiful Okay, now see the new range in here Here was a consolidation and back and forth And here's a new one now And it took buying pressure pretty big buying pressure to be able to do that I would be taking my profit at the top of this range Okay, or at least partial partial So now look at the let's zoom out. This is a pretty strong move. Remember how we talked about on the way down Strong move moving it away from the area Well, here's strong move moving it back to the top of the area Now we're looking for see if we can get even more buyers in here and then move back up into 39 20 Okay, maybe the vwap the vwap is very aligned very nicely aligned here with the structure up here And there's one one move lower here. I mean and that that's this 39 20 area But vwap is aligned with with the majority of the structure So there you go You we know there's a lot of traders looking at vwap and you could still be bearish here for the day Even if we trade back up into here Uh, if you find a kind of a lack of buying and you start to rotate back down We're trading in a new range down here Created by all of this selling that we witnessed when they came in Okay, now you can you can see what I'm talking about in here like the fractal nature of these markets bigger picture for just today Just today only bigger picture was trading range up here Higher time frame traders moving it away And a new range down here And then we've been talking about all these other smaller ranges in within this area in here Joan or I think that answers your question in there. Okay, and let me see if there's more questions in youtube I think that that Pretty nicely covers it though You know and in here you can see this is why I like to take my profits in some of these areas top of these ranges And we're right back down now Okay, and I likely would have been stopped out on my other position Uh down here, right and yeah, does that bug me? Yeah But that that's just a part of the trading here now, there's another way to manage this in here Okay, so let's let's just cover this here because you know, we're getting questions Um, and we always have gotten questions about this Uh is about how would you manage your your trade? Uh, and um You know, let's go over like a real real scenario in here All right, so there's different considerations here. We're talking about like reading the pressure in here And uh, we saw this transaction. We saw these these buyers up here and it's like well, wait a minute You know they want this 10? Okay, and then we're looking for this 13 and a half Uh, and um So we're looking for buying pressure to move up into those areas Uh, and then taking some profit up here So we probably would have gotten in somewhere in here and look how bad of a position that is to get in Right. I mean you're at the top of the range Like this is not what the the books show, but we're reading the order flow and we can read the pressure in here Okay, and just we have this recorded go back and and rewatch For for the reasons uh that we're looking for this And you know, we saw it in real time there. Uh, so Here, let's suppose we got involved in here Okay, so around 08 and three quarters Uh, and we took profit up here at um Partial profit up here top was at top of the range or I probably would have gotten out here at this liquidity So let's say, um, uh, this is it here Okay, so uh at um, uh 13 and a half All right, so there's my profit on my first leg Okay, and let's edit this now Okay, so profit there now. This is where I got in I can have my stop here and then I'll just move it up just a couple ticks or so I could have my stop down here on my second position and I would still be making a tiny profit, you know, basically a break-even So there's a two different ways to manage this and consider it All right, one is you you took your profit on one Okay, another one is just take your full profit, uh up here Okay at 13 and a half Uh, another one is you're just still in it, uh in the bigger Position and your stop is down in here somewhere and you haven't taken any profit Okay, but let's go over these two that most important to you. I think number one is you took partial profit up here and now you have a runner and The um the runner how do you how do you want to manage that now? I like to move mine to break even uh The the initial position break even and I would have been stopped out on that second position and made no profit So I would have had partial profit on my first leg and that's it Uh, and the second one, uh, you know is to uh, you took partial profit up here uh, and then now you have this much of of um leeway in here And you're you're losing on the other Other position here, but the overall break even would be here Okay So, uh Then you almost got stopped out and you almost made nothing on this Okay, you would have made a couple ticks just to cover your commissions, etc And then that would be that All right, and there you are you're stopped out All right, so you made nothing on it, but you gave it a shot to run All right, now we're missing the order flow analysis in here because we're covering trade management, which is fine uh, the um There's another way and this is uh, I use allen as the whipping boy for, um, I don't know how many years now allen Um is to look for that high probability trade Okay, something where you you know looks like the order flow is just it's just telling us it's look We're looking at it and we're reading it and We have a lot of factors that tell us it's going to break out And then take all of your profit at your area And then that's it you're done And then look for the next one and then that is actually you know, although you might kick yourself This builds confidence and we want to build confidence in our trading So this is a real help To just take your profit up here look for the next one Now you've got a clear mind you look for the next one All right in this case you would have been fine, but what if You took your profit there you got your four points your four s and p points or something Or you know four or five points in here, uh, and then it came back up into You know 22 or or even higher or even you know back up into this 39 or 40 area up here Right, you'd be like, oh god. I'm why did I do that? Yeah, you can't do that Uh entry if if this is building your confidence at just hitting singles. This is what you're doing Um and then move forward look for the next one In fact, if you did that and you saw more of like a kind of a bull flag pattern here Uh, whatever the order flow, uh, look like up here you'd look for the next one and take it higher Make sense Does that make sense jana? Do you do you understand? Um, kind of what we're, uh, Looking at here and and understanding some of the basics in the order flow kind of, uh, market structure and then, uh Volume within that market structure Uh Penty no, uh icebergs do not work with dx feed. It's only rhythmic data jana how likely is Is it price will go down to fill the um Waiting buy limit orders down at 3900. So there we don't know We we look at the order flow to give us some insight at this point here No Okay at this point here Yeah, not bad. See how they're kind of breaking it here We couldn't make we couldn't have higher highs in here We're looking for these sellers to take it lower and now all they need to do they already went up here and tested up here We're just looking for sellers now to follow through and it's looking really good right now Here's selling. There's some selling down here looking for them to just, um You know, uh sweep the order book down into 3900 Okay, here they come. Let's see it sellers and let's see it. No not yet Okay, but watch it here Not yet get those last buyers on the hook There's some sellers And come on sellers there we go And let's see the sweep here buyers keep on fighting it here We're looking for like a quick order book sweep in here Uh, and um, we're not getting that yet. They're fighting it here Still buyers are fighting it in here It is this is good though This is just going to be more fuel for the sell side here Once we get down here these buyers are going to they're going to feel the pressure so quickly Yeah, here we go. Let's see. No one more one more move. This is kind of a nasty move in there Okay, see the order book quick order book sweep here high liquidity in here Okay, now again sellers here though sellers right here is what we're looking for Okay, oh three All right sellers. Let's look for the move now Not yet. Geez Still still buyers still just just fighting it here All right now we've seen this and you know so many times um We're still waiting watching and and uh Looking for those uh those sellers here to hit that Okay, but uh, we're we're we're finding quite quite a bit of buying in here right now So, you know, it it it's not ready It's not ready yet Now look at the buying coming in So it's the opposite okay, let's see we're back to Let's just zoom out Hey, they came up at the top of this little structural range here Okay, quite a bit of buying Do we get more buying up here? Then we're looking for 12 Okay, one more test All right now here Let's see if we get sellers back down to 06 where these buyers came in And if they can get back into this range in here at 04 Then we're looking for a nice move down not only to 3,900 but through it. I think Okay, again, it's it's contextual here and that that's An answer that I know is very Maybe confounding to to traders. They're just like well, what's the chance of getting down to 3,900? Well, it depends You know, we want to know it's like in a baseball game or something. What's the chance of like, you know, someone I don't know hitting like uh You know some event happening. Well, it's going to depend on a lot of factors What if a big wind like sweeps up? Uh In the in the in the baseball field I guess you're gonna hit a home run Well, if it's if it's helping the uh The ball carry it. Yeah Yeah, I mean one one thing that I'm kind of curious about this move in here because this is quite a bit of buy volume Uh, I'm still looking for it to fail Uh and come back down. They're just kind of pressing higher pressing higher. I'm looking for here though This is where I want to see the fail Okay around this 06 Uh and it's going to be a quick move too. They're going to probably just drive it Sellers are going to drive it right through here on a ton of cell volume Okay, so it's not like uh, it's not going to give you really much of a chance to trade it down to the figure You kind of got it. It's kind of a leap of faith And uh, we're looking for something in the order flow though to give us more insight here like Scott was showing something yesterday, uh That where it cut right through a high volume node area And uh, it's very very typical. I'm looking for that to happen here as well And you can see it's still we're just we didn't get enough sellers down here still We didn't see anyone come in the in the auction and lower liquidity though here in the order book We're not really getting much out of the order book right now All right. Anyway, one thing at one point. I wanted to cover in here Is A lot of times if there's just relentless buying in here and this might be it That's when we're going to get our move back to vwap and and maybe hire So we want to be aware of that one because like uh, we've seen it many times where it's just like wow They're just they're just not going to give this up They keep buying they keep buying they keep buying and then it just It's kind of like marketing like you tell your message enough times Uh, and then people start to buy into it And then they go with the flow and and then everyone jumps on board and then beautiful stop runs and short squeezes etc on up into Uh, you know your Point of control your vwap other Previous structural areas here so so anyway Okay, here's our selling. This is the selling that we're looking for here Okay, so this is getting really interesting now And here's our double bottom here. Look what happened down here. No selling right? This is we look for this pattern all the time Look for them to take it back up to the top of the range and maybe even Revisit 12 up here Or they haven't revisited but at least 10 Right, so here's what we're looking at sellers. This is what we're looking for Retest no selling buyers are relentless in here. So yeah, I like it actually I'm gonna look for uh, see if we can get our sellers or our buyers back up here at 10 and see if we can get back up into 12 So you can see like it What it came back to the top of the range here? and Did we get our buyers up here? No So we're back to here and looking for our sellers yet again Right, we don't have you know, this this was really good for the move back up to the top of the range I thought at this point we'd get enough buyers up here. We just didn't we look at it right here Now we're getting our sellers down here Okay, so second second leg here. Do we get sellers? Yes Looking for the move Okay, they broke it. We got our sellers looking for the move 3,900 and then some Okay, see how tricky that was Now watch this we should see beautiful move here There's 39 3,900 Still looking for more And there's gonna be a lot of people on the hook in here Now, you know Again, not trade recommendations in here It's not financial advice. We're reading the order flow and applying what we Learn from the from the educational course But we let's go through the opposite scenario in here Now, you know, if you're trading it back down here, yeah, you know, one of the scenarios is take take some profit off And you can you can always get back in you can take full profit here. You could be done for the day You can take one leg off and you're looking for continuation Uh the um Uh the opposite scenario here, right? Well, let's just be realistic about it here Here is where we're looking for that breakdown, right? This this move looks pretty good in here Uh, but this move below the swing the true move below the swing doesn't look so good Yeah, that's a big distinction between that and this one over here Okay, so the opposite scenario is like just down to here get people, you know, uh Going short in here and then we're looking to see maybe we get buyers back up above but where here right here Okay, if we can get our buyers back up above here So now if you see buyers starting to come in You can you can trade it back up into those areas too Or it maybe you know This is would be your pullback and you're looking for the continuation after that it Were many ways to slice it and dice it here Okay, so we're going through many many different scenarios and then looking for one of those scenarios to play out And then looking for the uh continuation All right, Sebastian lots of comments in here. Hold on a minute Okay, Janna, I'm Trying to answer your question in here. I hope that did the trick Okay, about your a big the big picture question here. How what is it? You know, how likely to trade 39 000? Well, we went through this whole different scenario and back and forth in here Finally, we got it Okay, and we're looking for those sellers At these areas many times over And finally we got it. Did you find that helpful? Janna, are you still in here? And I think it'll is help helps everybody here guys. Okay. Now we're getting our nice move Below I got I mean like um, anyway, look at the look at the sellers coming in like this. Okay, again, this is continuation And this is clearly continuation here. So looking for 90 now 38 90 Okay, these are really easy moves to catch. I think This in here was in question because of up here. It looks good, but it didn't break the structure until down here Now here's our move this move here Is really it's not as much volume Uh, we're already at 39 9 or 38 90 Uh, and um, uh, we'll look for this to start to wane in here And then maybe some pullback, but this is very strong consistent selling in here That is is what we're talking about Before okay, so here strong consistent selling moving it away. That is no different than this one up here Hey, we were just on on board early on that one here. We kind of kind of missed it a little bit as I was Answering some questions and going through some things Uh, we were looking for it in here. We didn't get it It pulled back and went back and forth in here. It only broke down a couple of points Then we got it And then we saw the selling starting to come in Okay, I'm kind of upset. I I I wasn't there at the at the moment Uh, we were in around in in here or something and just that's a pretty easy read It's going to hit 38 90 or you know more likely Lots of liquidity guys on the way down here too So let's uh, we'll take a look at this I mean, they're getting filled in here. That's pretty high liquidity in here A tiki show. Yeah, like looking for another stop runs and stuff beforehand or getting people going the wrong way Uh, testing and testing and testing Seeing if that you know, there's more stops to kind of get up here This is what we kind of witnessed in here Right now what what kind of had me going a little bit in here was like like I had mentioned sometimes we see this Um, it's just there's so much buying that comes in Uh, that we're finally looking for You know the move and the and the um Move back up into some of these areas here Uh, you know mean reversion type of trades Um, and and we're looking in here. We're thinking. Yeah, I think maybe they maybe they've got it now at this point Then we saw the selling down here And that's when we're looking for the break One book map and toss is great. Um, you don't have the icebergs though You won't be able to they that you need rhythmic data and and toss does not use rhythmic data These are more directional moves Sebastian. It's not I mean there will be stops in here as well, but um, You know, this is not like a stop run kind of come back up Hit the other side of the range stop run hit the other side of the range stop run, etc It's different And this is moving the market away from these areas here. These are directional moves A big strong directional moves 3900 down to you know, this is a 10 point move Okay, jana. Okay. Thanks for the, um Thanks for the reply there. Yeah Trying trying to answer it was a good it was a great question. I think it'd be helpful for a lot of people Guys, if you like that, please, you know, hit the hit the thumbs up button here The like button in youtube This it makes the big difference here for us Yeah, it really helps us We'll do it again, uh and again and again Okay, lots of comments in there Sebastian. Um Yeah, uh, well, you know lots of liquidity being filled down in these lower areas in here We'll see if um, I mean, this is there. We're still getting in our continuation here Lots of selling right and they're just driving it I want to take a step back here guys. I want to look at the candlestick chart This is really strong move really strong selling here And we're looking for continuation basically 3875 Lower lower areas of liquidity maybe 3850 down here Uh, we want to be It's not it's never like, you know Not always, but typically it's never that easy Uh, especially during these volatile times right now That's actually a good thing to cover here because during these volatile times. This is very very typical Let's look at a 15 minute candlestick chart here Look at the even the daily over here Big big swings and then big big reversals And then a big big swing again down and then a couple of days to the downside So, you know, uh Scott for example, uh covered this the other day Just yesterday about uh, well, I have to use a hundred point stop On some of these uh in the nat it was the nasdaq not the s and p But uh, uh still I mean these are just huge stops. Well, that's his way of trading And um, he's looking for something very very specific And then he's looking at how to properly manage it And uh, you know, he's looking at a higher time frame and he's looking at the volatility Well, it's not higher time frame necessarily, but it's the volatility So, uh, that's what is Dictating how he manages the trade because of these market swings. It's not based on anything more than that. It's just that's what the market is giving us So, um That's one way of of handling it and that's scott's way because he's trading longer term There's other ways to do it. You can trade shorter term Uh, and uh, you're not looking for the bigger move. You're looking for the the range Okay, and you are anticipating a swing a back a pullback Uh at a certain point and in in volatile times they are relentless Uh, I recall during when I first started trading just just before I started trading just before the financial, um You know melt down in in 2008 so And I just you know had my jaw on the floor Watching that it was the dow I was trading the dow many at that time Uh, you know swing a thousand points and then a thousand 800 points back or something It's just like whoa You know hold on a minute here like how can it you know, who's buying this? Um, so but this is how the market works like, uh you know the um the The pullbacks are are are very very strong As you guys can see in in the price action in here Use that to your advantage So scott's trading higher time frame. So he needs to Uh, lessen his size widen his stops That's one way of looking at it Or uh, you could uh, read the order flow Look for taking your profit quickly and looking for the next one That's another way of doing it and you don't have to bring down your your size um And your stops But uh, you know note that you're you're likely going to get stopped out a lot a lot more often As well because the swings are erratic And but you're looking for that continuation now Again, these aren't it's not financial advice. Uh, it's just um Oh different considerations in here, uh for uh, it's not a recommendation It's just you know How to You know Try to put a plan together for yourself and these considerations All right, it's just how the market is Uh, so I need to kind of even this these charts aren't very helpful here I need to to take a look at um The weekly here on the s and p So here's the weekly here. This is covet over here All right, and you can see how volatile times are right now um, here this is this is covet which was even I think we had a higher vix rating during this Uh, then we then we did uh during the um, uh, you know 2008 financial crisis So look at this move here. This is these are huge moves. This is a weekly chart now On the weekly chart This is what at least i'm showing here from investing. Uh dot com Uh, we just went down and tested that well this week here We tested the low from the previous week and starting to get a little bit of a bounce here It's a pretty big darn Red candle though With a lot of momentum it look how it tested all the way back up here to previous week And here's our answer Well, it rejected up here And it's trading back down in the middle here or i'm sorry it traded back down in the middle Now it's down at the at the bottom end So it's still a lot of weakness in here. That's what this is telling us here So where is it going to go? Well, we don't have a heat map here for the for the weekly chart We can look at price structure though Uh and start to understand where these wicks are and where there was like kind of swings And buying pressure one is down here. Okay. Good one Uh, you know, here's here's a lot of buying pressure. Look at that just huge green candle. Here's the pullback followed by more green All right, here's where it broke out from. We've already traded through that area here This is what 3950 Uh, so the next area is here and we're we're basically there already So maybe uh, where's it going to go next if we see more selling pressure On this weekly chart. Well, there's going to be a high volume node in here Most likely. Uh, and then we also see this, um A candle here. So I don't I don't know. I mean looking somewhere around in here. Uh, maybe around 37 60 37 30 is the swing Okay, just keep these in mind in here and this process of looking at some of these Higher time frame levels is no different than what we're doing on the smaller time frame Hey, we're just looking at a lot more detail in the order flow Hey, right in here. We're really kind of just Outlining areas and and kind of flying blind here But we can look at book map in the order flow and then really understand some of the details Oh, okay. Uh, do we um genre do we um Do the macro levels in the in the course not not so much Um, but it's you know, these markets are fractal. Uh, as you guys know That that we just covered that fractal nature in the weekly chart. Uh, and then So you can use the same, uh process, uh in we use the same process in the course Talking about the higher time frame. Uh, so like like today big structure up here another one here And we we knew that they're driving it away here Okay, so then in here We saw this the small breakdown. We were looking for 39 100 Small breakdown Being careful in here Careful, it's only a small breakdown And then here's where it really picks up below Uh, and then that they're just I mean, this is a huge move. They're driving it away here And I you know, like I said, it was kind of kind of upset to uh Miss that when we covered but we covered it earlier When we saw it here same same thing It's just here and then also here All right, so now we are trading into and we we talked about it Here we talked about 39 75 Okay, we're we're we're there Okay, now Boy, a lot of liquidity guys getting filled on the way down here. This is incredible Look at this Large liquidity in here and look at some of these players in here 218 189 You know, these are larger players in here and they're like every at every point here See how they're at every point on the way down 76 75 74 73, etc okay Look for now. We're gonna we're gonna watch this closely. Um, because like uh, if they're if they're getting filled down here Um, and they're nicely getting filled down here Okay, we're gonna have a really nice, uh reaction to all of this. It might not be today It might be next week Okay, look at look at this double bottom looking for the buyers Looking for them. Take it back up to here 77. Maybe back up to here 80 Okay, a quick move there remember we talked about this Uh Selling in here retest no selling buyers starting to come in top of the range back to 77 up in here. Okay, just a little bit shy of it Okay, now that's a counter trend trade, but we saw that it it traded down here Retested and there's no selling Look at the buyers come in and do this this move back up back up into here and and squeeze it like that Okay, now it's very short lived sellers come right back in and we continue to fill all of these areas of lower liquidity at every point Guys, this is really really interesting, uh order flow here. I mean every point here Uh, trade, you know, larger players are getting filled down here Okay, we're gonna watch this here because this is uh, and we're gonna turn on our icebergs because we saw this I think on tuesday We're looking for a big reaction to this Uh, we don't know when hey, but we're looking for buyers to start to come in But let's also turn on our icebergs in here Stop some icebergs on chart Okay, if we're seeing huge icebergs getting filled on the way down here as well Uh This is going to be a really nice move. Uh Counter trend move here Okay, now It may take a couple days. This might be just a bigger move in here But you got a figure And and we we went through this, uh, let's see the i'll show you the webinar Hey, the webinar was here large icebergs filled, um Uh filled by liquidity leads to upside move Okay, this one. So it's the same thing. We're going to be looking for right now Same thing All right, do we see all these huge icebergs on the way down? Yeah 800 400 500 and or almost 600 here Okay, there's some on the other side Uh, but we're looking for them They're big, uh, so, um I've got a kind of odd setting on the icebergs right now it It's showing uh Boy, it's not going to show much until they're just massive icebergs right now. Um I'll I'll go over the setting in just a minute Okay, but we're still seeing some some pretty big icebergs on the way down A note in here. Um, this kind of activity Every usually it's every other tick not every point um These striations though and liquidity on the way down as they're getting filled uh, we've I see this, um, I kind of haven't looked at like euro dollar in a long time But I I've typically seen this kind of activity Um in the euro dollar or some of the currency futures Oh, wow. Okay dug. I missed this. Uh, you said the probability of touching 3,900 3,900 is 85 according to the options market. All right, uh, so the question I think jana if Reach out to dug go into the um dug p in our our discord there He's got actual, um percentages and numbers in there Uh, and uh, according to his options studies Uh and his testing in there So that that's Um, that's amazing dug. Uh, so that's fantastic So there you go, like, you know now dug has an outlook on the market Uh, and he's done his his back testing So he's can now he now he can lean on that and he's got a plan Uh, and you just uh, you know look at some trade management of how to articulate that plan I'm protect yourself and look for your risk reward Uh, and there you go Okay, and then uh, yeah, dug's also looking at thinkorswim and a lot of options. Um Uh statistics in there as well Yeah, burt that is really odd that the you don't see that the vixus spiking right now That that just makes me feel thanks. Thanks for that. Um, that makes me feel that uh, this here is like um You know, we're we're on to something here Uh, that's uh, you know, they're just they're not in the vixx because they're not hedging They're just getting filled in here on the way down This is this is amazing. I like I said, I have not seen this kind of activity in here I don't think ever uh in the s and p And we continue to trade down lower Right here 30 38 500 But they're getting filled all the way down So, uh Like I said the the currency futures. Well, let's let's just add the euro dollar in here Uh, but this is where I've seen it before and but not is not as uh distinct as this But like every other tick they'll provide liquidity and it's just larger players I wanted to pose the question. Why do you guys think that is? Why why do you see that in um, uh You know, what do you guys think like a why why would you see that? In the um currency futures Well, I don't even it's been so long. I don't even have it listed in here Yeah, see see how these striations is here. It's like, uh It's more than uh It's like every other few ticks In here, but this is very very typical This is this is really odd in here 11 o'clock You know someone's uh One one player or you know, maybe they're kind of reading off of each other as well But there's must have been some news or something I don't know some sort of I mean look look at those just huge blocks of liquidity in here in this euro dollar Anyway, uh, let's go back to our s and p Okay, uh, and then where are we going to start to look for like, uh, when is this finally going to kind of maybe Turn around and and uh and move back. Well, we got to look at the order flow All right. Well, let's let's mark up some structure in here Now, I don't think there's really much of a need about uh distribution or Um accumulation down here and and why why do you guys think that? I'm not looking for a lot of accumulation down in these areas here I'm looking for more of a v bottom type of move So and it is due to the order flow What why would why would that be maybe? Just what do you guys think like, you know more more likely a scenario or a possible scenario and and more likely than not Posing these questions make you guys think a little bit Need heavy buyers? No No Let me go let me jump over to youtube and see uh, see what guys are saying And ladies Oh, I have full I have full depth here. Um Sebastian Oh, that was a while back back. Geez. I'm sorry guys trying to get to your questions here Yeah, if you guys like what we're doing in here, it seems like it reading these questions. So thank you Hit the like button Like I mentioned that really it really helps us captain price. You're all over this Yeah, this it is weird stuff in here, but um, here's kind of what I'm thinking. Um Well, uh forex tradex, um the Real-time futures data Stocks and futures. Well, you can dx feed offers stocks data, okay, and uh No one else at the moment So that's your your only choice for book map That might change though soon. So be on the lookout for that Uh, and then for futures, there are many data providers. We connect to many just go to bookmap.com and connections and you'll see I don't uh Nicor, I don't think we're gonna be we we do connect to trade station, but no no trade station data Reason for the v reversal is there's no cell orders up above not That's I'm I'm kind of thinking this, uh, tom l. Um that the um There's just they're getting filled all the way down here. I mean the accumulations already happening here So there's there's no need uh to accumulate any longer We can see it. We already know they're accumulating All the way down So and we continue they they're they continue to stay in the order book and they're still getting filled in here And we're still seeing icebergs in here All right, so we're looking for a nice reaction to that A really nice reaction At a certain point here Uh, I have the global plus license Uh, james. Yeah, I'm sorry. I kind of check in and out of some of these questions in here. Um So Yeah, I need a moderator to help out that's that's uh, that's not a bad idea Not a bad idea at all So, uh, anyways because we know look at here 1200 900 500 Looking for some big ones down here too. I don't see any yet uh once There's enough filled in here and we start to see the selling dry up Look out uh, and And where how do we look at the icebergs now? Look at this Okay, now this is uh, we're not seeing big ones here. Um, we're just seeing accumulation here uh With smaller ones. Uh, I filtered out the on chart here, but look at this is undeniable These are it's huge right now Okay here at 38 60 All right now, you know We got 38 50 down here. Uh, now let's look at the structure And let's also start to line up Where we think This may, uh May go All right, we're gonna look at the order flow to start to determine that or The where these orders got filled to start to determine that Okay, so where did this behavior come in in here? Well all the way down from below 39 000 here So we we can look at the figure here at 39 000, but we can also look here Uh, there's a lot in here and it read all the way down here. Look at this. It's just, you know, You know pretty dark dark orange all the way down Um, we have icebergs here, uh, also, uh, really picking up in this area in here A big big spike here in icebergs. So here we have, uh, how many, um Negative 100 and now we're up to 1400 so 1500 in the last Um, uh, I don't know five minutes or so Here here's 14 14 81 plus these other, you know a few hundreds in here, right So a lot, uh There it is. There's our big iceberg right there. Uh, and uh, so We're we're all set up here. Uh, now we're just looking to see when We might have, um less uh less buyers and or less sellers And we start to um, and we're looking for a v bottom because they're already accumulated So we're looking for something like this Potential move here would be like, um, maybe like Up to here Maybe maybe back to here and then up to here Something like that And we're looking for this is where we start to note the this behavior In here. It's usually it's right around in here. So look for this to be a really nice target in here Okay, just based on the behavior of these orders getting filled on the way down And that's what we're looking for. Maybe maybe it's a maybe it's a little bit lower But boy it once they get in and like they'll just be kind of like at break even or You know in in the green up in up into here And that's when we're looking for the much much bigger move like we did. Um, uh the other day on on tuesday To to much higher levels like, you know, we're talking about back up into, uh, you know Up in here somewhere Potentially maybe four thousand What's below 3850 3800 3812 or 15 somewhere around in there Yeah, 3850 is a big one All right, guys. So these are just some again some thoughts here, uh by reading the order flow and understanding the positions here in the order flow We can start to look for a potential move like this and Just keep it in mind and look for the order flow So we don't know But this is a likely if if it plays out that way. This is a likely, um Kind of structure that we would get instead of some sort of like, um You know beautiful like a a rounding bottom structure Which would be more like this it would be lower like here's this here's this here's this Here's this, you know, and then finally um You know it it would uh in fact, let me just take this further Then finally It would make a lower high and a or a higher low and a higher high here And then it would do this right so, um Because the accumulation would happen down here Okay, so instead I'm looking for this one as being more likely Right, so let's take let's you know, keep an eye out for it. Um, it is just the european close coming right now Uh, so look for the potential, um, you know move back up into some of these areas here And we got icebergs and we have this Really kind of um just Yeah, I mean Just beautiful all the way down here getting filled all the way down Wow And here they come already so look for this bind. They're already coming in And in fact, this could have been the pullback here likely another one, but uh, We we don't know, uh, you know, they just might come in hand over fist here And and no one's everyone's going to miss it everyone's going to get stopped out And we'd be looking for these moves back up into these areas here Okay, nice one up into here 38 75 would be another one But you know, this is where that move really kind of started or that behavior in the order book kind of started Okay, maybe even higher 30 just below 39 000 I did want to cover this in here the way I've got the icebergs Uh, let me show you this By the way, I've got it set up here Okay, and the stops Um, I I took the I'm using the automatic threshold here. I boosted it up quite a bit here Uh by using the um 60 minutes, but then the multiplier here up to eight So it's it's telling me here Don't show an iceberg unless the threshold is above at or above Uh, 795 which is huge It's huge setting But then down here Um, or here I've got the show the filtered icons though And then filter the icon transparency to 50 so I can still see the other ones in here Right, but they're uh, here's 10 for example. All right. So, you know, it just doesn't just kind of Muck up my screen too much. Here's 544. Here's 166 Uh, you know, so they don't they didn't quite make the the filter here But uh, but they're on there. Uh, it's just they're you know, kind of transparent same with the stops It's uh, don't show me stops unless it's uh, let's see. What did it what did it say here? 158 and which is pretty pretty good pretty good, uh stop run in there All right guys, so, uh, we're just here at 11 30 european close, uh, and Uh, yeah covered a lot in here On this, uh, some of these moves in here And then we start to cover, um You know what we're looking for here, uh on this move back up a potential move for, uh Back on up in here, uh and look at the volume already starting to come in All right now is this it well I don't know but let's just look at this. Um, looking for that kind of behavior in that structure of Move pull back and then move and not much of a pullback. It's going to be kind of slight one, uh, and then You know A continuation on up into these areas here All right, so keep an eye out for it and you can start to position yourself for it Okay All right guys, we'll hope that makes sense. Um, and uh, if that does please hit the like button there give us a thumbs up uh helps us and Uh, let's uh, oh we got tom b. He's lined up next Um, so you can we'll filter right over into that stick with this stream right here You can you just stay right here. I think the the, um um It goes right into his his stream So, uh, you guys can just uh continue on and tom is going to go through his expertise in volume profile All right Okay, have a good weekend everybody and uh, we will catch up with you next week Okay. Yeah, thanks guys. Yeah, take care And we'll um, we'll see you next week. Okay. Bye. Bye