 All right, so welcome to the live trading webinar here at book map. This is the advanced education you get This will be live forward-looking analysis Which do Monday, Tuesday and Friday 10 a.m. Tomorrow J. Trader live trading with stocks and Scott with live trading on Thursday with futures Go over the disclosure and it's just a second here. Let's just dive right into these markets and see what's going on here Alright, so we have Well, I mean we've got you know all sorts of things going on As we know you've geopolitically we actually have quite a bit of data this week as well We have non-farm. We have ADP tomorrow and We also have I think some Fed speakers etc. Going on so Actually, you know quite a quite a bit Going on here. So, you know, we have to be very aware of that Environment here in trading And and be very very careful there can be huge moves out of the blue and you should You know look at your risk assessment How you want to deal with that? It's always a question. So anyway Let's take a look here Maybe cover a little bit of yesterday as well, but I look at some higher time frames here Looking at the daily on the left-hand side. We can see the the move up above these swings up here and You can see the Rejection immediately here. All right. So on the hourly here in the middle in here on the left-hand side interesting Structure here on the 15 minute chart on the on the right-hand side You can see that we made this kind of equal high up here Okay, we were looking for that yesterday and testing these areas up here give this 4380 It went slightly above it, you know knock knock some stops or at least hunt that area And then we see the the move to the downside. Okay, this is this line was drawn yesterday It was it has nothing to do with Lining up with the the data here this morning or today Is because of this Swing here, that's why we put this line in and that is why we also have this line in down here It kind of matches up with these areas in here and Yeah, we can add probably another one up here if we can come come back up and retest some of these areas here But we're making a lower high a lower low and a lower high here All right look on the daily chart. Hey, we reject it up here. We're seeing sellers come in now So on the hourly, we're kind of hanging out in the middle here and also in the 15 minute We're kind of hanging out in the middle, you know We we see a cluster of activity down here and then the breakout. We are retesting that cluster right now So let's take a look at bookmap and see if we're gonna bounce off of this area and come back up into this range Up here. Okay, that would be between this is the S&P 500 43 45 on up to about 43 73 something like that Or are we gonna break down into these lows and into this area down here? Okay, so that's what we want to Okay, Chris we've been watching the YouTube videos and good stuff. Yeah, thanks If you guys don't know where those are, let me let me just show you briefly the streams here So what these are recorded and this is where they are So go to YouTube our YouTube channel and you'll see it on the top here live streaming recordings. Okay, so they're they're all in here right, so Okay, so we know what levels we're looking at here We're gonna look at the order flow now at these specific areas and levels in bookmap And we want to know what's going on at these levels. Okay. In fact, let me I'm gonna create a few more in here just for kicks 43 40 okay, and up here at 43 73 Okay All right, so we got our we got our lines in here. Let's look at the order flow around them So we're just testing this one at 43 40 right now in bookmap. Let's take a look We broke out here. We can see the structure Okay, so we're looking at the same ideas here We just looked at on the higher time frame and this is why we're looking at it. Look at the breakout Look at the volume. Hey, where did it go? It went up into these areas of high liquidity and it kept on climbing up into 43 70 a little bit higher Didn't make 75 but it came pretty close And now we're selling off and we're selling through this area here looking for these sellers to continue now It looks like pretty pretty strong selling here All right, so let's see if we can get down to about here this swing this area around 36 and then maybe 30. Hey, there's liquidity down there here at 30 All right, so we've already had this move to the upside we're seeing pretty strong move to the downside look at the dots in here Okay, here's our 930 cash open and the move to the upside Okay, so Now we're seeing we're below the cash open. We're seeing a lot of selling here So I'm looking for in the order flow here Continuation to the downside. This is the picture. We're getting here from the order flow And now we're gonna mix that with our higher time frame here So we're looking to see if we can break this 40 area here back down into about We said about 30 because that's where the liquidity is but on the higher time frame. We're looking around 19 to this Well, let's let's call it 20 and then 10 basically okay 43 20 43 10 and Let's zoom a little bit vertically here and start to match that up We have liquidity here at 20 and not much down here at 10 Okay, and we're looking for these sellers to continue. Okay, and so far so good So sellers are moving the market here. We're looking for continuation And we just spiked below 40 and we're getting a little bit of a bounce here But sellers are still in control until we see something different. Good morning, David All right, so let's Let's take a look at this here and go go through our scenarios in the order flow as well here We're not looking to get shaken out of this here unless we see like lots of buying up above our The first stop would be this 40 42 and a half here and we got to see some pretty significant buying above it here If we do then I'm looking for it to come back up to 43 50 here Okay, so we're looking for that scenario here. Okay, we went through we're sell side until we see something different Let me go through the risk disclosures as well and Just to go through that 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 Involves substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results Hey, it's all for education here. That's what we're here for and how to read Order flow and put this into a cohesive trading plan or to Optimize your your trading plan Okay, so let's see if we get these buyers here They're trying they're trying they're trying to break this small structure here. All right second scenario well First scenario is downside second scenario is we get our buyers up here and we get a move back up into about 50 Okay, there's a starting to kind of break this structure here at least test it I'm still kind of I Mean we'll look for that but I'm still thinking there's gonna be sellers in here We're gonna exhaust out we can see we're already kind of exhausted out a little bit here We don't see buyers up here. Now. We got to see sellers down here. There where they go there. They go, okay? So now we're looking for continuation And we're looking for that for these these sellers to hit the bid down into our previous levels So 30 is the first stop their little equity down here and then we're looking for our 10 and our 20 Okay, so this is we're seeing some buying coming in here. This is not where we want to see buyers though And it's it's still bouncing interesting The buyers here we this is this is not strength here Typically typically this is not the kind of buying you want to see here You want to see that kind of buying up here for the breakout? Okay when they're back down in this area here Yeah, I mean it depends like if we get the buyers up here now, then then we've got buying strength Okay, but usually when we see this kind of buying down here, and you don't get buyers back up here Look for these sellers to just annihilate these these buyers in here just annihilate them And you'll see a nice stop run to the downside Because this is this is weak here are I shouldn't say mixed terminology here This is this is an area where they're buying like in in a position of weakness Hey in the position of strength would be Boy it really mixes terms so anyway like a position of strength I'm just gonna go with it With if we see the buying up here, then it's pretty it's powerful. They can move it Okay, not down here though here. They're like kind of hoping and praying that this goes up Yeah, yeah, let's let's kick this guy out. I don't know how this person that got at everyone here I Don't know Sam. Are you in in here if you can maybe take a look at that? All right. Well, I'm gonna get I'm gonna I'm gonna boot them and let's delete this as well Interesting really tricky order flow in here guys So we're up to that 4350 as I was trying to boot this guy out I'm still still going with it here. I do not see buyers up here until here Okay, now they're in a position of strength and and we got the move Okay, is that is that kind of clear? I mean, I know this is tricky in here very very tricky Typically when we see the buying down here that they they just get annihilated You'll get the selling down below it. These guys are like on their back foot already And we get really nice move back down in these in these lower levels here Instead we're looking and we're watching at this top edge here If we get the buyers here, then we're gonna get the move up Okay, we did get the buyers in here and we did get the move up Right. So very tricky stuff But you know, this is what we're looking for and and and these were the scenarios. We were looking for in the order flow And and it makes sense if let me let me go through it if you you know if you guys Want me to go through it in more detail here. It's understanding the volume in this area here And also the the you know the supply and the demand here as well You know, can they chew through this liquidity in here? They did and they they came up and tested this 43 50 alright, so Yeah, pretty pretty tricky in there and Nonetheless the scenario did play out. It was our third scenario that we're looking for here. Let me see Higher time frames Okay, okay Chris. Yeah Oil is at 102. Okay. Yeah, this is this is odd stuff in here We have still made a lower high here we have not breached this one yet and However in this scenario, I'm looking for them to breach it and and hit this 55 level up here Okay, the buyers came in so and we're up here. We're still seeing buying here Okay, if we get our buyers here at 50 one and a half we should come up to 55 and maybe 60 Okay, so that's that's the scenario now We see some strength coming in. Okay, even this is if this is turns into like a bull flag All it means is like strength came in we went sideways and we're looking for continuation That's it. Okay, and this plane out. We're already at 55. Okay. We're already testing the swing here You know, I was thinking yesterday about the the webinar and I know you guys and with Tom and I don't know if Tom's in here or not, but You I know you guys look at the or Tom looks at the Initial balance initial high initial low Initial balance high initial balance low and And and that I I was talking about it as well, what is it? What what does it refer to? You know, it's the first hour of trading and why is it important? And you know just because it's called the initial balance doesn't mean anything. Why is it important? this is what's key and You know, you can come in here and you can you can You know mark it up in book map You know for let's see 930 here to you know 1030 basically We're not there yet. Okay, but You know, we're looking at the volume within this area here and understanding like, you know, what? Consists of this first hour of trading. Okay, where the highs where the lows? Where's the the point of control, etc and then you know, you're kind of Looking at the rest of the day based on this information Okay, the reason that is important is because there is lots of volume within the first hour. That's what's important And that is no different though in concept in order flow here than any other volume cluster of High volume So it's the same concept. So when we look at volume And being initial balance or let's say you can even call it like a you know a micro composite Initial balance or something or you know, whatever you want to call it the concept is the same that you're looking at the Heavy volume and then how does the market react to that heavy volume? Okay, so we saw this move to the downside and we're we're looking for it to continue until we see something different and Then we did see something different and we're trying to read it in here And we saw this here buyers on their back foot here just ready to get, you know, slaughtered And it's like whoa, okay That's where they're back up here But we still need to see buyers up here and then finally we got it then we're looking for 50 Well, 50 was the first stop 55 was the second 60 was the third. Okay, and we just we just came shy of 60 up here Alright, so Anyway, let's just take a look at some big clusters here. There's a big cluster of selling down here Hey into high liquidity down here. We also have icebergs down here, you know, we have actually a lot of confluence I didn't go over the icebergs earlier And pretty significant. I mean like 1500 in this area here And and then we had the buyers come in here the rest of buyers that lifted it So they're gonna lift it back up into first was the point of control that was that at 43 50 And then and then we see the continuation Let's see David use initial you need the opening ranges for range extensions and later the IB. Yeah. Yeah, sounds good It's just the the concept is is really about that that volume smile at the open and then at the close, you know, when you when you look at your Here we can show it here in rhythmic our trader Here's your smile here, right? Here's your smile here And it's just that, you know tons of volume in the in the opening and then it kind of, you know curtailed, you know Into the afternoon and then it picks up in the afternoon into the close and then usually in the close You know, you can see in some of these closes here like a massive volume trading compared to the open Right and now that's gonna have an impact on the next session and so Yeah Different ways of understanding like all of these transactions These are important timing Timings in the market. Okay, just like we know that 1130 East Coast time. That's the European close And we want to pay attention to that. There's volatility during that time All right, so that's that's what matters here and That's why we look at when we can look zoom into the order flow here on these much smaller time frames You can use the same concepts. That's the point. I want to get across Okay, so let's take a look at what's happening now. Okay, so Boy, it's really kind of all over the place here at the moment lots of buyers lots of sellers and It's we're looking at range bound activity right right right now in this in the order flow here Okay, buyers lifted it here. Can we know that? And they took control now. We can take a look at this in here Boy, there's this is kind of an odd session already But the same concept we were looking for here with this buying down here not good, right like for the buyers typically You know, you want to see sellers down here and then for them to move it To the downside we saw buyers in here Usually You know, you'll see sellers come in on the other side and like I said this just slaughter these guys Let's look at the the volume that was in control in this move here to the downside Okay, so it was this this area here and then our breakout Wait, sorry guys, I'm kind of all over the place this morning Now here's our structure. Hey, but this is where they dropped it from here now the question though is and the point I want to get to is Where is all of this cell volume taking place? Is it consistent? Is it moving the market away from an area with consistent buying or selling? No, it's not. I mean they started here, but most of it is down here, right? So when we see it down here in This area here when the buyers can get back up above it. We've covered this many times You know, they can they can move it and they did here in this case All right, so the selling is down here now. Let's look at the buying in here note how it is consistent And all the way through right, so this is where they took control of the market and And we know that it we got consistent buying and a consistent move to to the upside So that's why we're looking for once it hit 50. We're looking for 55 and then we're looking for 60 So now let's take a look at what's happening after that move. Hey, there's there's still in control Basically buyers are still in control We see selling selling coming in here and they they were able to move it down a bit And then buyers are coming right back in here, I mean really all over the place right now Here come the sellers. They're gonna test down to here Now let's see if they can get through it too Now typically on this kind of move here You know, we look for buyers to support it here. Do we see buying support it? No Not right now. I don't see I don't see them on the bid here supporting it. They're down here at 40 So I'm looking for sellers to try to drive this back down to 40 and below Okay, typically we look for them for the bounce here and we look for buyers to support it here We're getting a little bit Okay, now we've retested where the selling came in here. All right, so this is our low volume pullback right here looking for another Move to this 44 area and then the break Okay sellers, let's see it now. They should be able to break it and hit 40 The book isn't really helping us much in here. We're not getting we're getting a little bit on the bid actually here The book is starting to help the buyers here. It's still a low volume pullback The the selling once we get it back up above here on buying though look out. Yeah, here they come Right, so sorry about that. That was a little bit late But there's this this is the same same concept again in the order flow This is where the selling came in now if the selling really came in here and was consistent You we'd still be Bearish here and the selling came in here and we got buyers back up above it. Good morning, Dove Yeah, Vicky the there's there's webinars currently going on Okay, you should see it in the voice channel see notice how this becomes that pivot point we always talk about Okay, so this is where that selling came in retest here. I'm still looking for continuation They should be able to do it. They didn't we saw it We were looking for the order book and a little bit of help in here They only came in a little bit later and then we got we the buyers starting to come in We got some help here and then we came back up and retested here This is really this is a tricky environment And we've seen this now a few times Okay, but our pivot point is still here. Let's draw it up Okay, we're looking for sellers below it or buyers above it. Okay, so let's see if we get our sellers below it now. Yep Okay, so seller now now we're looking for sellers to Explore and break it break the low here at 44 and they should be able to hit 40 and they're struggling Sellers are still struggling in here. They traded into this liquidity here around 45 or 46 Yeah, sure. We can we can take a look at crude Alan. I mean this this market is really all over the place here And there's some buying strength up here as well We're looking for buyers to break out actually Can they get through this 51 area here? They got to get through that that liquidity there and they did all right So they should be able to they should be able to move this higher now 35 At least 35 of the I would imagine they'd be shoot shooting for not much liquidity there. It's up a little bit higher 55 Yep, there they are 55 and then sellers come in and slam it. Okay guys, this is the environment that's going on in here. It's tricky Sellers just someone just came in and just sold You know, they just dumped on it, you know, they this this is We see a stop run in here. Let's see how many are stops in here actually Because I imagine that most of it is new selling and then we'll see a stop run at the very end Yeah, yeah, exactly So this is new selling there. They're they're knocking some stops out along the way And then everyone's getting slipped down to this area the stops only 39 But that's the concept here and now we're back down again We're back down below our pivot and looking for the sellers and hit it hard Hit it hard here. We're looking for someone to take a move here now the the you know that first hour is over Okay, you know over here actually, okay now we're looking for Someone someone to move this market here Who's gonna who's gonna take control here? Buyers try it up here. They got up to 55. That was it Sellers should be able to take this to 40. Here they go now. They should be able to move it 40 37 Let's let's see the bigger move here. I think they got it They've got what do we got on our side here? Well, this guy disrupted everything over here We even see more on the bid here and they the sellers took them on here yet again And look at the buyers fight it. This is really really tricky Bouncing off of 40 our 47 line here though. All right, if we get our sellers here at 44 yet again We got we got 40 we got 37 We got to get our sellers right here. So it has to happen right here right now No, we're not getting much help out of the order book again It's gonna be the aggressor here that's gonna move this We're looking for a push though some sort of bias here from the order book So they pulled here. They added here That didn't help. All right sellers. Let's see. This is this is do or die right here at this 43 75 And they didn't show up on that rotation In fact, we're getting buyers yet again yet again All right, so yeah, they're Trying to move it All right. All right, Alan. I'm looking for the big move. I hear you. I know I know you want to look at crude I just think we're gonna get a big move here and we're waiting and watching and it's gonna be a good one You know, this is really, you know really back and forth in here, but someone's gonna really take control here I imagine yeah, I'm still looking for these sellers to hit it hard They're they're starting to do it they should be able to they should be able to do it. They've they've got it Sellers to have this right now. Yep, so Let's let's see them get down to this Well, we're just about down at 40, but the the swing low here is Is here 37 and there's liquidity in front of it here. Yeah, Alec. Yeah, there's yeah some pretty big days absolutely and You know, this is kind of it. This is a really kind of jumpy market right now as you can see, you know, this It's really been back and forth and this is pretty typical In a geopolitical context and and also to you know, we're looking for a little bit of help for the from the order book in Here and no one wants to take the risk This guy did up here take some risk Here and here and here so there's there's a little bit You know, they took on some risk in the order book and you know, this is where we learn from these guys in here Get get a feel for the market and it's appetite for buying and selling in here. All right I'm we just we came back up and retested our pivot line here that we drew in We're still below it. So we're still we're still sell side basically Not by a I mean there's more selling volume in here So and we made a lower high here and a lower low. So I'm still looking for sellers here Again back at our 43 level 43 or 44 looking for these sellers to come in right here and Hit 40 they we have not hit 40 yet came close, but we didn't hit it. Hey, we got structure now on our side as well So sellers came in couldn't get back up above our pivot. We made a lower high and a lower low We're looking for the continuation on the sell side here. Finally. We're getting it. Okay, we got 40 looking for 37 That'll be the low of the cash session and Looking for continuation Sellers are are trying to move it here Hey, there we go at 30 37 and a half 38 and They should be able to move it should be able to move it lower We're still looking for our bigger move here on our higher time frame, right? We're looking for this move to unfold here Break this 40 level and come down into these other swings down here on this 15 minute chart Okay, back it out at about 20. We said 20 and then we said 12 Or we said yeah, 20 and 10 basically just try to keep it simple here And looking for it Okay sellers have moved it outside of the range now We see some iceberg buying, but you know This is secondary or tertiary. Okay, we're we're look at the order flow first Okay, when the icebergs line up with the order flow, that's when we we got something Okay, sell side guys like just hit there. They're hitting it. They're moving it Okay, it took a while to figure it out here. I mean this was really back and forth in here. Okay, nice stop run Let's see if we can still get continuation after the stop run Okay, we got to go through the secondary scenario though. Okay, and that that would be Massive stop run here, which it is And then buyers back up above it here But we don't see that scenario unfolding yet. So we're looking for stop run and continuation Okay, so now we're at our 31 level looking for 30 Our 20 level, what about our 10 level down here? Well, we don't even have anything at 10 They're down here at the figure Just below the figure of 4,300 So we see 700 contracts 732 contracts down there All right guys. So yeah, we're trending So looking for it to continue All right, we're gonna get our pullbacks here, but we know where we're looking for in our pullbacks Where that selling came in Okay here or here Okay, so 36 and a quarter or 34 35 36. Yeah. Yeah. Yeah, I like I like it Okay, well, let's let's take a look at a crude oil guy. I mean I As far as I'm concerned, this is kind of on autopilot Looking for the continuation You know, we know it to look for a small structure to start to break and we we look for Buyers above certain areas on these pullbacks here, but sellers are firmly in control and moving this market Okay, so this will give us a break here looking for continuation We'll jump over to crude though and take a look here and see what's going on Okay, I got the J contract here 104 Well looking for 105 basically simple as that Alan Yeah, this is a nice little move down We're already back up above it on buying strength looking for the strength to continue right up on on up to 105 So there's a dollar move for you right there in crude This is this is moving nicely, huh? This is an important pivot here in crude. You can you can see it Look at all this liquidity here on the bid. I'm sorry on the offer Transacts they flip we even see the kind of move to the downside. It rejects Comes back up when we get our buyers above it. So we're looking for that continuation on up into 105 And they here's the flip here now. They're on the bid here at 102 This again is more like autopilot move here just looking for 105 This is a strong move and I don't see any reason why it would pull back right now it wants to continue and And sellers why would sellers fight this, you know, I mean, there'll be some profit taking that's for sure And that's probably some right there. Okay. Look at the book support it here now What's the reaction to that book in here? Okay, we should find more buyers that should repel sellers They're even getting more aggressive here. Well, we found a few sellers Okay, now watch these buyers come in over that though get these guys going the wrong way Interesting. Okay, they took these guys on at 104 15 Maybe they'll come back and retest 104 here. Yeah Okay, and then look at them buy off of 104 Wow Interesting order flow Really interesting stuff here looking for the continuation guys pull back to 104 This is where that strong buying came in strong consistent buying looking for 105 104 50 105 All right, we got to go through it just in case. I mean like what if we get sellers down below 104? Right, this is all trap trap volume on the buy side here Okay, maybe we'll come back down to about this one. Oh, I like this swing here and this breakout here Okay, and then there's there is liquidity down here at 103 60, but primary scenario is to the upside Boy, that's nasty Look at that liquidity in here and found some sellers interesting So looking for buyers above it though our pivot and Then right up to 104 50 here Okay, we should we should be able to get these buyers up to at least back up to the swing and the 104 50 here And this this is it right in here offers pretty strong here Can't get through it and This guy came came in here Layered in here One after another Okay, and very it took very little risk doing that even flipped This is this is one individual actor in here really interesting stuff guys today I just fascinated by this see how he comes in one after another like this and then look how he kind of scales out like that But he's pulling adding here pulling here adding down here pulling here adding down here, etc Right same same same actor Looks looks to me like it is so Yeah, I know a lot of traders don't like the crude crude market and gold is so manipulative this shows some of that I feel So and we're right back to it of 104 50 and 105 now We're back up above And this is like a kind of a spoof in here looks like to me It's crazy that it has this much of an effect on the market in here Nonetheless, I mean this is this is our area like This is what I meant when I kind of started off the the webinar here This whole area here is kind of like think of it like The same in concept of that initial balance volume right strong move. This is the volume We're this is the volume in study right here Okay, these are the guys that are in control in this move here. So we're looking for You know more and more buyers here, we're finally getting them now Okay, and now they should be able to hit they should be able to break out They should be able to hit our 104 50 and then and then 105 I like well, you know what the the I think you're saying here that This is order flow that makes you not want to use order flow the The key is I think Wait until you get clarity that's it just when we get clarity and you know We're there. We're sure on a move then then we've got something you know, and we look for that and that's through study and Understanding exactly what we're looking for and then and then utilizing that okay 15% On the halt here in one minute or so alright, so let's let's jump back to this S&P and see what's happening here Boy, we didn't get down to 20 We're we're back up to test this Drop in here in this strong volume This is again. This is a low volume pullback. No no question Hey strong volume here And then that this is the volume coming in here. We can see that it's a lot less Even though you can see them coming in here, you know and and the move here strong strong by volume in this little area here It's still a lot less than the volume over here though Right, so now we're going to look for a move back down below this area here at 33 and continuation on the cell side This is a low volume pullback Okay, understand the distinction here now we we've seen it many times that even a low volume pullback It doesn't really matter if you can get the buyers back up above here Right or or you know even even here basically so either here or here. I like this one better And you can see that tried they tried and they failed Okay, sellers are in control here Now if we do get massive buyers back up above here, they're going to take control of the area And they'll be able to move it back up into not only 40 but also 42 maybe 47 swings or 50 back to the the half figure up here And this is this is wicked stuff today like this look like a sure move on down to our levels on our higher time frame Right, and they're fighting it in here This looks this looks good in here though. I mean it's you know looking for this this this 20 Or is it 15? Yeah somewhere around 20 and then somewhere around 10 And the figure figures a little bit below that here, of course It's kind of a no man's land down here on our 15 minute chart Let's go back to our crude Okay, crude made it made it up to 105 just just shy of it Hey, but yeah, anyway that this is exactly why I like to front run These areas here, I mean it still may hit 105, right? But I would be out and I don't have to sweat it any longer. Oh went to 10499 exactly really They're really well look now. Yeah, they're few transacted up there, too. Yep indeed Right to it One one tick shy of this 188 here 188 contracts up here at 105 one tick shy So Alan you got your three your three Covered up here, right? Too fast. Okay Yeah. Yeah, it's um Well, this has just been a really really kind of funny session I mean like it nonetheless like this was our bigger picture in the order flow and it worked out It worked out nicely. I mean we knew that this was strong buying and The S&P was dropping crude should go up. It did in this kind of geopolitical environment and It took it took a while and then these this kind of spoofing and this kind of activity, you know, there's some nasty stuff in here and You know nonetheless like this is you can see like even with like this kind of activity order flow rules order flow works first a Lot of times like in the S&P in the order flow when we see Like of this large seller came in and just kind of dumped over here. He just rupted everything right in here. I think is what we covered it and Because buyers took took it from here on up and then the seller came in and dumped it We know we knock we'd never got up to just shy of this one I'm sorry this 43 60 area and then a seller and This started to change the environment here, but it takes a little while here one player like you know Unless it's a massive player that can do it many times over and kind of turns the market then yeah, it's possible But it takes many attempts here You know even J trader when he we found of just a beautiful example of some spoofing in Apple And it had an effect immediately on the market, but it came back down and retested that area again So, you know the order flow still like you know one one player can't I mean larger players like it takes them a while to kind of You know Get the signals out and and and get you know people to look at the market in a different way. I I think Okay, thanks. Thanks trader for the Yep circuit breaker information so Notice the the difference in here again Just wanted to point out like that that's selling and that moving away from this area. There's they still remain in control here Here's here's where it was different right this area here Sellers do come in then this is not that strong consistent selling in here all of the majority of that selling was down here and This is where they can get up ended This was tricky in here because it you know, I was looking for these buyers to get up ended in the continuation But no that we got the buyers back up above it above the majority of this volume here And so this this is where you know it dropped and this is where we see the structure That's true, but the majority of the selling is down here. This is different here majority of the selling is up way up here and consistent to the downside All right, so this was a low volume pullback here and We're see we see we're back down here again. So looking for a continuation yet again here Looking for more sellers down here Okay One big move a pullback low volume pullback even though this is tricky in here and you see like a little micro It's not really microstructural it'd be erroneous to call it that but you can see a structure here and a structure up here And then another break back down now. We're looking again for our sellers to break back down into our 20 level On our higher time frame Okay sellers still in control Hey, we didn't get the sellers down here at 27 Hey, we came back up and retested here. We're gonna look at the smaller structure in here and try to see if Sellers take control again this rotation and they're not they're not we're getting more buyers back up here Hey, all right Well buyers ought to they ought to be able to lift it and break this small structure Maybe maybe just up to here though. I mean, you know, maybe not much in here and this is advertising in here It's like by me Okay, so they did they did test it up here. We're still bearish though. We're still bearish And what's the volume like in here? Yeah, I mean this is where the selling came in it still is still dominating here It was countered with some, you know, some buying as well. So that's why we're getting this back and forth in here It's a little different. It's not the low volume, you know, beautiful low volume pullback We're looking for but the structure is still bearish here so far. Yeah, the Vicky or I'm talking about that right now about this you know understanding the The the strong move and then The low volume on the pullback Within a strong move See this strong volume just came in here But they didn't they were unable to break the structure, but I don't like it now as a low volume pullback now or you know I mean, it's this is a lot more complex in here now So, you know, I think the buyers can can lift it to 37 and 40 here and here they go And we didn't really didn't really didn't think that until We started to see some of this buying come come in here like this one here, especially And then then we thought well, okay. Yeah, but now they can break it Right, it's a different Let me let me if I can show the low volume pullback that will probably You know, that'll do it justice here and this is a bigger low volume pullback. It's this pullback here Okay, look at the selling it's really simple stuff You know, so here's our pullback here and Look at the buying that came in here to move it back up here And look at the selling it took to move this lower So we just look we just look for it. Okay, you can come up and test these areas here, but we're looking for exhaustion on the buy side more supply up here And for sellers to come in and and try to retest some of the lows or swing lows in here And now this got upended here now and we saw it it We weren't quite too sure once this buying started to come in here Like they can break it then Yeah, well a few things Alan on that you said the five points Looking for five points in the S&P. I mean in this environment. That's pretty good I'm our note. I shouldn't say that in This environment You know five points is easy You know In other other times when this less volatile Five points can be can be challenging two points, you know point and a half something like that is easy easier Yeah, I mean I I hear you guys think we're looking for some of these swings in here And going through five points or what not this is I Think it's the way I'm presenting it though in fact You know, this is one of the advantage really really nice things that you guys are getting with Tom in his room Is he's he's there for hours? Right, we're not For the advanced webinar. I can't I don't have hours to do I wish I could I would love to do it. I'd love to be in here for hours I only have a certain amount of time and I need to go through things So that's why they're looking at these kinds of looking for higher probability moves I try to go through as many as I can but when we see these other moves though And in continuation like like in crude it just okay We'll let them bash around in here, but we're looking for 105 based on what we saw in here and It came just shy of it So look at the sellers now trying they're trying to again, you know move this lower here They're testing it and this is a lot of cell volume in here Right, they're trying to move it away From where these buyers took control. Can you see you can see the battle in here? Right at our pivot line here at 104 Right, but in here, you know, it's like well, okay, let them play their games But we're still we know that buyers are in control and this is this was a you know, almost a dollar move In crude which is good. Oh, thanks. I like yeah, I appreciate it I'm just trying to say that that you know the order flow works on all time frames it Sometimes it's really clear on on higher time frames during these webinars Other times it's not We're kind of waiting for it like, you know in the higher time frame I think this s and p to be honest this this was pretty telling in here when we saw this come in But boy, we're waiting and watching and it just went back and forth in here and just battled And then we got some of the clarity here and then we're looking for the continuation And I'm still looking for continuation in here. Just look at all of this BS in here Right, even this BS in here like, you know, who's in control still It's sellers and it's from this point on we do see some buying back up above it here So buyers, you know, they're they're really playing with it here But yeah, I mean if we can get our buyers back up above it, then yeah, look out They'll come right back up into these areas here. We're back down though right now Okay, so again, we can look at a new pivot in here Right here where the buyers took it We're looking for sellers below it And you can see it even in this little range in here. This is a high volume node right here It's a little bit below our line or just right around it Yeah, around 32 and drew the line at 32 and a half So, you know Let's go through a volume profile concept in here. Well is it, you know, it's it's bouncing above the the High volume node So, you know buyers and this is where they came in and they're you know on this small time frame They took control of it higher time frame though. Like, you know Well, at least from this time frame here, you can see that these these sellers in here They they remain in control, but the buyers they try to get above this cluster. They did get above this cluster here and so anyway From 40 or you know 37 like these two areas in here. It's kind of a zone and they remain in control still Okay, so now I'm looking for these sell these buyers in here I want to see them get upended and I'm looking for our sellers Let's see if we get it on this rotation Because we've gone back and forth here a lot. So now I'm looking for another move in the market looking for our sellers Now nothing yet nothing at all look at that down here, that's not what we want to see Yeah, not at all Okay, I'm looking better Okay, we don't like seeing sellers up here don't like it like they can get Squeezed really easily here. Yeah, we have European clothes coming up You know, we can go we can start to go through some scenarios here for these You know these traders in Europe and you know, let's just zoom out here a little bit You know, what are they what are they gonna do? Where are they positioned? Maybe we need a little bit more data in here little backfill data. Let's try that Yeah, I mean, I would still say like, you know that we saw the move away here on the strong selling and We remain sell side here Okay on this on this higher time frame and We can also look at Our 15 minute chart and our hour chart even our daily chart rejection up here around this Boy when I was high as 94 something like that 95 and then rejected So we're looking for continuation And where might it go here? It's kind of tested that little bump in there Maybe you can go a little bit lower But yeah, I'm looking forward to test retest these swing lows here from the European session here Yeah, so these these lows down here 25 Is that it 25? I guess so Yeah Somewhere around there Good morning, Tom late to the party Yeah, really tricky environment so far a few nice moves, but Yeah, yeah, that's what we're just just looking at that 43 kind of 25 ish area We liked 20 and then also 10 on the higher time frame But no liquidity down here at 10 but definitely at 20 which looks good Let's go back to crude and see what what it's doing here Yeah, just bouncing bouncing off of this kind of one oh our second line that we drew up here Right down here, so it bounced off of that one That is a beautiful pivot there below 104 And then they hit it All right, let's go back to this es and see what's happening here Boy buyers are they're trying. I mean they're really just they keep trying here And they're getting some headway. They're able to get back up above some of that selling here Back up into this area here Where it kind of dropped from in here You know still the the area dropped from in here is yeah, you know, we can look right at it visually And we know That you know, they bought here and they pounded it down below here But most of the volume is here right and they're trying to upend them That's what it looks like here So now I'm looking for sellers. Oh, here we go now This could be nice here if we can get our sellers decked down around this around this 37 50 37 area here We see our big sell dots here. We got we got the move Okay, now the order book here, let's see if we get any help from this order book You're back down at 37 we're looking for sellers to pound it through here back down to 30 Then 22 and 20 nothing In fact support on on the bid here and a little bit of a little bit of buying All right, here we go sellers hit it And let's see 30 here Some liquidity coming in just around 32 Come on sellers. Let's see it. Let's see it You know and and this kind of environment here is it's really it's tricky I mean we're not getting much from the order book and then it's kind of a leap of faith here Do you want to take a shot at it on on, you know, how do you how do you manage a trade like this? um You know, I think I mean it's tricky You can get lots of sharp little cuts all day long trying to catch these You know for the trying to get that breakdown trade I mean, maybe maybe the strategy is on on on days like this though like either really pull back on your trading um Maybe don't trade Maybe trade higher time frame with smaller size And and with larger stops Like, you know, if you're in if you if you if you grab this to the downside, I mean your stop would have to be up here somewhere That's a pretty big stop. I mean, you know like Like 13 points or whatever from where price is You know if you got in here. Well, yeah, it's not it's not that bad. I guess but um And maybe it maybe it took some off Maybe it didn't but uh because it looks like it should be a strong move in continuation But if that's the case then you're you know, you're just not worried about it You're you're just letting it work out here So a few different ways to to look at this um Other ways also like what alex and um someone else had mentioned in here. I think chris Yeah, take your five points and move on You know looking looking for these sellers right here right now. They should be able to hit this 32 Okay, it should be high probability Right here. They come looking for the move to 32 if they get to 32. They should be able to hit 30 the liquidity's been in here for a while Okay, here's here's a little bit of supply Let's see if buyers react to that Not really more selling Okay, sellers should be able to hit 30. We're already at 32 So lots of different strategies. Um, uh You know, it doesn't have to be those five points that you're looking for Yeah, yeah, tom. I like that outside in um, especially like, uh, You know something like this here, um And and trade through it too, you know from the outside in and then to the other side of the range and then maybe even continuation Uh, as long as you're going with the bigger trend. I think that it's possible, you know, uh as a countertrend trade, I I mean it could happen, but it's less less likely So I like you can see, I mean like even this this it didn't get down to 30 Uh, this was would be a three point trade basically down to 32, which was our first first area we're looking for Um, I'm surprised they didn't get down to 30 yet And let's look at the let's look at this volume in here too. Is it a low volume pullback? It's just not really telling us much It's not it's not a low volume pullback. They didn't really drive it away here. All right, so this is What looked like they're going to drive away and you can see how muddled it is in here We don't have that kind of clarity in this move And so the the the fighting here, uh back and forth Trying to determine who's in control. I think Yeah, strange environment. Um, but uh, you know, look when you when you don't get the clarity then like You know Don't trade at least on these You know, you you can trade your higher time frame. You can trade many different ways. Uh, and and again, these aren't recommendations. It's just, uh, uh, considerations for, um, you know Trying to Bring order flow within your trading Your trading style and then how to read it how to look for something that's going to be higher probability and Yeah, I mean This move back up above like, uh, well, you know, this was kind of the the pivot line here We're looking for the move below it and the sellers to to continue to hit the bid here And then look at the volume in here And the and the dots in here. It's not it's not that it's not that clear It's not that kind of move we're looking for in fact. This is it right here. We're actually looking for you know on buy side This is better And looking for the move back up not just to 40 here. They maybe they can get back up even higher here This is another thing about your your volume profile, uh in in these areas here Well, they you know, they got it. They're trying to move it away from it All right, they're they're through it. They're trying to move it away from it on size Well, they trade it back to it And we know it's not a low low volume pullback here We and we retested this twice now If we can get buyers back up above here and and they're starting to get some size They're going to be able to pull it away and move it back up to here. Maybe this small profile up here Okay, so let's see if they've already gotten there to 42 No, uh almost almost. Yeah that liquidity up here Yeah, it's up to you how you want to trade these kinds of environments. It really is. Um You know a lot of times traders like ft 71 he You know, he doesn't uh take the smaller profits. In fact, he'll he'll just trade less but um Widen out the stops a lot more Look for the bigger moves And then continuations And and let it kind of work within those those zones in those areas Okay, so here we go again back down to the middle of this range here Now, let's see if do we get this kind of move here Sellers moving it away from the most traded level in here Or this or this it's not the most traded but this this profile here this high volume node It takes volume to move it away. Are they going to come in? Are they going to do it? Starting to looks pretty good off to a good start here Okay, yeah even more here. All right, they should be able to do it. They've got enough here We got an iceberg on the other side buying this Interesting. Look at this dynamic here. This is fantastic. All right, so yeah, this kind of negates it like uh Unless we we come back down here. We don't see this iceberg buying again Then we're looking for continuation here, but look at how tricky this is you know Sellers sellers sellers sellers all being absorbed And we don't even see high liquidity in here. We see some But it's an iceberg on the other side So they're buying and all of these little areas here right that just You know if we can get through it though if we can get if we if the selling pressure can get through it Look out You know, then we'll get our move to the downside here But they they buoyed this market up here Yeah, let's see if they do it here Or is this iceberg going to continue to buy? Yeah, yeah, it's still bought Hey, but the sellers were able to get through it here All right, let's see it and then sellers should be able to hit 32 again and then 30 They're trying to move it away here on size And I don't like the selling in here either to be honest This was a stop run and then where's the selling down here Right. This this brings up this kind of environment. They'll come right back up and squeeze They should be able to do it. I mean we one thing that Didn't mention that there was another stop run here and also iceberg buying that that that context and relationship yet again And then we don't have selling down here That's where we need to see it and for that continuation tough tough day Okay, selling down below here small stop run. This is new selling though. All right, so they should be able to move it They should be able to hit 30 Hey, that looks that looks a lot better. This is more insight here now. We might get a pullback here but You know once that selling starts to continue Uh, we just look for it to continue to go Uh, we won't get a pullback looking for 30 and then looking for Well, our 25 and in our 20 levels and we're talking about there we go. There's 25 or 30. I'm sorry Okay, this looks good This is our european close as well Um and looking for a continuation here Okay sellers moving it away now Uh, trying to move it away on some size here A lot of iceberg buying in here Boy, I would still say even You know careful here look at where this selling came in down here We want to see it all the way through here again. They can get upended here Okay retest right back up. Yeah, I don't like it. Just a odd odd order flow today guys. Um, I'm gonna Hopefully uh, uh tom will get a good move here. Uh, we'll see the uh the continuation and a decision here By the market and which direction it wants to go here But uh, yeah, it's just been real really choppy in here. Uh, so far Let's see. Let's get through a few more questions and then, um Yeah, david, let's see three 20 326 Lots of ice, okay Okay, we're getting down to the lows here Okay, and our 320 levels down below here Sellers are moving it sellers seem to be moving it here. This is way more consistent here Not this one this one I Want to see more continuation. I want to see these sellers again hit it hard here I don't like seeing them down at the bottom here. I want to I want to see again Consistent strong selling not selling at the bottom and then, you know, they can get upended here Anyway guys, uh Yeah, let's uh, let's wrap it up. We'll call it a day. Um, european close just, um, uh happening now so uh Looking for continuation here after the the close Right, maybe this is we've just seen all of this back and forth in here Now maybe we can get that continuation that we're looking we were looking for for the entire session We're starting to get it. I mean here they come look at the selling coming in now Okay, and that's a lot better. This this is this is good in here Right and it's moving away here. So it looks like we're just about to hit our 20 level and continue Um guys. All right. So, uh, yeah, thanks for bearing bearing with it here, but look for this Uh continuation in the next session Um, have a good day everybody and we will catch up tomorrow with uh with j trader Uh for the first 15 minutes or so I'll be in and then look for for j trader Um, finally getting down to this this 20 level guys. So, uh, just one more peak at our higher time frame Yeah Looking for 10 and then boy, this could be a really nice break below here. So keep your eyes open for this one Even on this even on this view here. It made a lower high and a lower low here And we also know our daily chart rejection up here and we're down here I'm looking for continuation on all all of these time frames here on our higher time frames And then we're looking for it in the order flow and man, was it choppy until until right now basically So, uh, all right guys, let's we'll wrap it up and take it away tom We'll we'll see you tomorrow. Take care