 Good morning traders and welcome to the bookmap live trading webinar. This is Bruce at bookmap and this is live analysis of the markets trading webinar. This is Bruce. So we'll go through the S&P or stocks and crypto whatever you guys want to look at We do have an agenda for today looking at part two of our candlesticks and market understanding market structure But then understanding the order flow within bookmap Relating those two making a link between that higher time frame And the order flow on the lower time frame In being able to use this as an edge or advantage. So Just a question out to you right away out there You know, we've been looking at these higher time frame analysis and was looking for the move lower So I'm curious now at this point here. What do you what do you guys think? Are you bearish or are you bullish here today? In the stock indexes We've come down pretty far But we saw a lot of positioning a week ago basically And and during last week before the drop on Friday. Okay, so I still think we're continuing here But I'm just gonna pose the question out there and see what you guys have to say So I'll put it in that in the poll here that kind of worked well yesterday, we'll give this another try so Hold on a minute Okay, and this is for today. All right, so let's just see what you guys have to say All right. Okay, so let's move forward here. This is the bookmap education. We've got to go through the disclosures 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 is not suitable for all investors past performance is not necessarily indicative of future results Okay, so let's jump right in and let's take a look here Previous balance area wide chop expected AJ AD Joshua, okay So you're basically neutral. All right. Yeah, I mean, this is what we've been seeing and this is classic I mean, I mean look all this stuff is is is repetitive But let's just jump out back and and before we get into book map here Because it is back and forth right now. I agree with you But the bigger picture here If we look at this look at the the daily here on the candlesticks over here the hourly in the center And then the 15 minute here on the on the right hand side. Okay, so what we're looking at in what we want to understand here is who's in control and We noted above here for a few days just a massive amount of absorption And then that it kept going higher There's some pullbacks here, but it kept going higher Friday. We had the big break, but look at this Look at the big breaks here It doesn't allow much activity for you getting in look at the hourly over here. It's a huge gap Hey, this is typical All right, so here's Friday. Here's here's Monday. Okay, so if you weren't in it you miss it you know and This is where options plays Or maybe you can if you trade Micros minis go down to micros Just some way so you can gain some of these higher time frame moves But limit the risk somewhat all right because This is just nasty stuff in the sense that you know you miss it You don't get you don't get involved and This was overnight session So here's the cash session and look how choppy it is and look where it is Hey, it's just filling the gap down in here from back on Looks like in in August there So end of or I mean sorry mid-August there. So You know now we're gonna be in a choppy session here So You know, that's what that's what the market is giving us right now It is our job to read the order flow and to look for Yeah trading opportunities, but it's more about reading the order flow and being able to apply order flow To help and give you an edge in your trading. All right So we're what we're gonna do is look at candles today a part two yesterday. We covered them in detail In you know, we looked at a bunch of different things. In fact, let me show you the and I'll put this into the chat here as well This is the Webinar from yesterday. Okay, and I'll put it into the chat here for you guys and Yeah, hold on okay discord guys there you go and then YouTube guys hold on a second here Just just for review if you if you guys have questions. So good morning Louis Ricky Burt JC Another day in paradise Yeah, yeah, I mean it's gonna be Well, we'll go we'll go through it. We'll jump in In detail here in just a couple minutes the Let me put this in here also in the YouTube okay previous webinar it is here. All right, so there you go Okay Yeah Yeah, let me I'll show you also. There's a question in here in many a Thunderdome the Yeah, no a cloud a cloud. We're looking at the this is the cash session in here on the 15 minute Hourly here in the middle in the daily here on the on the right now What I was going to mention The Oh god now I lost my train of thought here Okay, well what we talked about on Yesterday's webinar And you can see it in the timestamps in there But we talked about you know first off Do you use candlesticks on higher time frames or or how do you use them and then start to understand some part? Chart patterns in here and apply in the order flow the candles But what I want to cover today and structure we're talking about structure in here And we'll come back and we'll revisit that I think later in the webinar Because that resonated pretty well with you guys when we're kind of zoomed in and looking at it and really starting to understand it as you guys can see we're starting to see some buyers in here right now and Starting to take off. So we're looking for top of the range in here, and we're already through it coming back up into 41 60 up here. Okay, so let's take a look here. All right, and what's you know, we'll go into these details here I mean, this is very bullish. This is a very strong move We didn't see that when we first started the webinar at all. Okay, so something changed something picked up And we can see that a lot of bulls coming in after that higher time frame gap fill and the market's starting to Wake up a little bit here. Now these guys are getting filled again all the way up It looks like here in here in here. So, you know This is what we noticed on Friday To at a much higher degree, and this is what we want to note today as well Okay, so are they reloading on the offer? And this is what we want to determine. This might squeeze higher all day long Right look at them. They're on the bid here. They're on the bid here Okay, so anyway, I just wanted to note that right now But let's we'll get I want to stay on course here So we have this material for you guys and then we will we'll certainly it'll all be live analysis here That's what we do in here and and we do it for for a reason so you can Apply what you've learned and understand it as it unfolds. So you can really apply it With practical uses use case scenarios here. Okay, so let's jump back to that candlestick chart. All right So here's our big move to the downside. Okay, I had No, this was from way back August 1st we drew this line in. Okay, I think we can move that one Yeah, we're kind of we're kind of coming up and testing it right now So actually why don't we keep it and I'm going to add another one in here Okay, and we should have drawn this in yesterday Or a few days ago. Okay horizontal line at These swing lows which is 41 20 or 24 so I Think it was 24 is I looking at I was looking at yesterday. Yeah, something like this I kind of like it a little bit lower here Yeah, so let's do that. So around 16 or so Okay, and you can see we're bouncing off that now We would have looked at this on the daily as a potential area for a bounce anyway Okay, it's too bad. I didn't draw it up We you know and it looks like it's hindsight now, but it's really simple. Where did this big move start? Where are the buyers? They start here They moved up above this range here We have a little bit of a pause here this day Well came all the way up here then it paused it came back down and then it fell followed through to the upside the next day Strong moves here. Okay, and we know in these moves in here Strong liquidity are very high liquidity on the offer getting filled especially above 4250 this dotted line up here. All right, so who's in control in this move? This is what we want to determine it is buyers. There's no question about it Okay, now we have the the transition up here that takes place Okay, we have a pattern up here. You can even kind of see a shoulder head and shoulder Don't worry about the pattern that doesn't make a difference It's what's within the order flow here that makes up the pattern and we saw it Lots of liquidity on the offer getting filled Okay, typically I mean that's exactly what unfolds get to a certain point it presses price presses higher and There is no real real auction going on so price drops retest the buyers down here Or I'm sorry the Where it where it broke out from here and then it bounced around for a bit on the hourly in here several hours And then Friday was the big move again. Look when it took place on the overnight So you really have to be tuned into this kind of dynamic in here on the higher time frames Because if you're not in there, you're gonna miss it and You know the you open you open up where you get ready to for your trading day and You open up your your charts and it's already down like, you know, what is it like from 40 here? on up to like 4280 so, you know 40 50 point drop something like that so anyway That's what we want to we want to cover in here. It will we're getting there We're zooming in more. Okay, but we're looking at the higher time frame candles And we're kind of we're basically reading the order flow in the candles here And we're just kind of speculating at best, you know, we know that there are buyers in here Just because the strong move That's about it. I mean, yeah, we can look at volume in the sub chart here Okay, I we're not gonna look at any indicators whatsoever in here Because those are gonna give you all sorts of false positives So we're just looking at price action and volume We and note here. See how they're just separated here Okay, so And you don't have any liquidity in here. You have no understanding of what the The bid and the offer looks like here At all. Okay, and you have at at best is just one big bar of volume and one big bar of price action That's it Okay, so that's very very transparent very opaque. I'm sorry And but we can still read the the pressures in here You know the buyers were here the sellers really picked up here And then we would look for a bounce at least down at this area Maybe even a bounce off of the 40 41 60 here I didn't really get it. It fell through and Went down all the way to the 41 20 and now we're starting to find some buyers start to come in All right, so where are they gonna go? Well, yeah, we'd look at again like some of these areas in here in clusters of of data Or transactions back and forth in here Maybe up to 70 maybe up to around here and then it gets pretty thin, right? I mean, we know that we don't have to have volume profile to take a look at this Just look at the price action in here on this daily 41 83 up here Okay, there's gonna be look at all the transactions over here and then also in here Okay, so that's kind of the edge of it here. Maybe a little bit higher this wick up here You know, maybe it comes up to forty two hundred the figure here. Maybe we get a pullback to there Right. I mean, you know, we'll read it in here and we'll look for the pressures in here but You know, we're just kind of again Speculating in some of these areas in here where price might go back To okay, so around the seventy and then around this kind of eighty three Or so and then forty two forty two hundred. Okay, so where are we now? Well, here's here's our eighty three level up here And then here's that gap, right? That's way up here at twenty four forty two twenty four. Hey, we were talking about just forty two right here And yeah, or eighty eighty three eighty five level a little bit above the where it The gap was or where it opened. Okay, so yeah That's not out of the question then to look for a retracement back up into these areas in here Okay, forty two hundred actually looks pretty good to be honest It's right in the middle of the gap. You at least you get a half a gap fill After a huge gap to the downside there And that would only be like a fifty percent retracement and nonetheless. Okay, so we're just you know I'm the terminology here about retracement and gap fills and whatever None of it really matters What matters is the order flow? Okay, and what happened in the gap is tremendous order flow Move okay, it there was such an in Balance of supply and demand That it gapped open at the open way down below Okay, so it's just like looking at a very very strong candlestick in here Of course, you're gonna see that if you look at the overnight data here in in the S&P Okay, so now we're finally getting there who's in control in the last a few days Sellers no question. Okay very very strong gap and and we can see the moves in here Okay, even in here if we look at that here's the gap from from Friday and the move lower And then very very choppy in here, but it's still moved lower. Okay, and then the next day Well, this was August what 22 Or I'm yeah, I guess 22 or Sunday evening here where it opened up and continued on down Okay, even if you got in here on Sunday evening, this is a pretty easy move here for this continuation And look where okay, so now let's look at the 15 minute chart and start to understand what's going on in here All right, so strong move here. Look at the look at the buyers come in here Okay, well, this is where we previously found sellers And now we can look at the volume down in here, you know, we see the volume smile here There's not a whole lot of volume here But this is where we found some sellers and the selling really picked up around here Now we've already kind of traded above it But that's where it started to really pick up and move just because of the speed or the size of these red Candles to the downside now. This is a pretty strong move to the upside. Hey, can they get up into here 63 to 65 in this kind of wick area here. Well, we're just about there In fact, it's come up to about 61 and a half It's already paused a bit These are strong candles though. All right, so I'm still looking for it to trade up a bit higher Hey, maybe 65 maybe you can come up and get up into our 80 level up here Hey, this is what we want to read and understand in the order flow now Okay, just based that would be scenario one on this higher time frame now What we want to look at here, and then we're going to apply this to the order flow is Understanding in these candlestick charts. Who's in control? All right, so let's let's just put it out there very very simple Exercise here who's in control on this daily chart? Okay, what do you guys think? So and and where where would you where would you kind of mark up the control? Yeah, the sellers are in control JC. Yeah Okay, Rob. Yeah sellers or a short sorts on the hook. Yep, exactly, you know, they're they're they're selling at the wrong place After it gap down, you know tremendously So, I mean, this is just you know, it doesn't allow us to participate in this kind of move here because of the gaps Especially for stocks traders. I mean the futures traders at least you you can It may gap on over the weekend, but it's open 24-7 basically What it's a 23 Five and a half or something, right? Okay, so Let's see here No, no, we're looking at sellers are on this daily in here in this recent in this this week in here That they're in control they've moved it away from this area here Okay, so that's so that's what we're looking at here now I would argue or like if you guys made a case in here If we go and take a look at like really high time frame here on the daily or the weekly here, okay? Yeah, we're still in an uptrend and It's actually got a long way to go to kind of break that you know Here's what a weekly here. I mean, you know if this is like a like a pullback here in this huge move All right, and look at the some of these in areas in here. See how this was a COVID right here Okay, and this massive move to the downside look at the the chop back up at this area And then buyers took control and took it away This is these are the pullbacks we're looking for we can we can pull back to these areas no problem here and And you could still be in an uptrend okay on this weekly chart no no question about it All right, so just what you know, we're not talking about that though We're talking about the the recent days in here Okay buyer or sellers in control taking it away sellers in control on the hourly also taking it away here and Yeah, you know, I mean we could even we can even look at this to be honest Hmm That's a good. It's a good point. I mean we actually have to break below this kind of 16 or or maybe it's around 10 level here and Then make a lower low here. So yeah, I guess you could say buyers are in control, but but And and this was very strong move to the upside right so let's let's keep that in mind actually This we're talking about the swings in here, but what I wanted to cover here was the price action for The last several days because we saw the sellers take this market away from this area up here That's what I want to cover right? That's the main point here. So we've got that move We've got the move down and then Now we're looking at again candles in here now. There's no candles in here because of the gap Right. This is where the sellers though move the market Right. So what we're looking for is the move back down into these wicks and we would anticipate That there's going to be some covering and there's going to be some buyers in here Okay, so let's take a look at the the price action now And we know sellers today are in control. We're still making lower lows and lower highs here Okay, so we're still looking for It's going to be a struggle in here Potentially to get it back up above into these areas here. Okay now. We do have some strong candles in here But let's see we got one retest already here on that 15 minute. Let's go to the the day look here We've already got one pullback here to that area here And then let's look at a five minute here at this point Okay So it's already pulled back here it and then buyers came charging in again. Okay, so and Then here we have another pullback here And yeah, I kind of look for the pullback maybe around around 50 right here Okay, and that's about where it is And then maybe you can go a little bit lower here and let's see if buyers come back in All right, so that's kind of a scenario to look at here now In this move in here For the last for the day at least right now the buyers have have the have the edge. Okay, so let's take a look All right, so and here it is. All right, so that's what we want to get to finally We're breaking it down over time in the candlestick chart here in fact Let's continue on with it in book map and we'll finally get there Okay, and we're gonna take our stops and icebergs off the chart for now All right, let's even take the point of control off here for the moment. Okay. All right, so Even best bid and offer Let's take that off. Okay, so here we have our candlesticks And these are the big moves that we saw here's our pullback. Here's our big move again. Here's our pullback All right, so I'm not a bad area in here kind of the tops of these wicks And this is a good an interesting area in here Is it going to come back down into this area here where these buyers came in? Okay, or are we gonna get kind of a bounce off of maybe the tops of these wicks in here and accept higher Okay, at this point here by reading the candles looks like it wants to go lower Okay, the candlestick pattern in here as you guys know Once we start to break some of these areas in here It you know, we're looking to go lower until we find buyers and on this five minute chart They're down in this area here All right, so let's just keep that in mind as we look at these candles Okay, now I also here in bookmap I want to show you something in here, and I think you guys might want to play around with this I haven't showed it before we've had it since day one on the candlesticks It is showing a VWAP There's a few different ways to show it in here the total VWAP on each five minute candle Or you can also look at just the bid and the offer in here so the You know the red and the and the move down here that that's the on the offer and the green and the Move up that would be on the bid. All right, so what it's pretty interesting idea here or CTO put this on When he put the candles on so we've had it since day one basically But this is a really kind of interesting idea to that I want to explore further in these candles Is showing the VWAP? Okay, so we know within this five minute period between here and here the VWAP is here Okay at 52 or so so we can look for maybe a pullback a retracement to there and then maybe the continuation on down All right. Now again, we're just reading candles in here, but we don't have all the data Okay, this is where we can look at volume dots Okay, now we're getting some some some context. Okay, so here's our cash open buyers Then sellers then buyers above the area pullback and then buyers again Now let's read the dots. Hey, we know this was a strong move in here On the buy side But not so strong with the volume dots in here Okay, it's it's really not it's like we want to see bigger dots, you know pulling that market away It's not so convincing now that we look at it Okay, and then sellers take it away here We retest back up here and sellers take it away again All right now not on a lot of selling either Okay, so this is what we want to start to mark up and look at now We talked about these retracements to some of these areas in here. We're talking about who's in control Okay, now we can mark it up because of the volume in here This is who is in control in this move right now Okay, there are more buyers in here than there are sellers right now. This is a low volume pullback Okay, so that's why we're talking about the tops of these wicks as a potential bounce Okay, if not then either the swing low is kind of a zone between kind of maybe 42 and a half to 44 or so all right now You guys might not be or you might be looking at your volume profile or whatever it is But you know the vertical element here in candles I think this can apply to just about everybody Okay, so in in whatever kind of trading strategy you're looking at we're just talking about supply and demand in here And and looking at it right now in terms of the aggressor Hey, we also can see down here. I mean this look at the selling in here Not so much Look at the buying here. Okay, they're still in control All right in these areas in here Okay, so That's what we're looking at in in the volume here and now we're applying it to the candle So remember we just talked about that return to VWAP strategy on the five-minute candle. It's already done it Okay, now there's also kind of a VWAP of three candles up here So in it's kind of a zone as well It's up here Okay, can you guys see that up here at the top kind of at the bottom and then right here in the middle are the VWAPs All right, so And it's right in the middle of all that price action of the candles anyway So we'd be looking for it. You know, this is a good zone for a retracement Okay, so let's see if these buyers can continue to go Back up into now somewhere around 57 and a half Okay, so again, we're still just Marking up and we're going we're laboring through this process in here, but we're doing this So that we we have our zones have our levels on our higher timeframes and then then we're Applying the order flow here to support these concepts or these these trade ideas here Okay, now these are not trade recommendations. This is about learning That's about education And looking for again look at the look at the volume within this context in here We see it in the dots. We see it in the bars in here. Now. This is kind of muted This is not as strong. This is about as strong as the selling in here Okay, so maybe some back and forth right now, but this retracement idea worked out pretty well Okay, so now Yeah, in fact, where would we think of a retracement might go here? To the downside now that we've kind of come up and maybe you can go up a little bit further still, okay around 58 or so We'll see if the in we'll see if the buyers really come in hand over fist up here And then reach up into some of these highs and maybe we'll get a stop run But I just based on the volume that we've seen here on the buy side Compared to the sell side. I'd be looking for a retracement and where do you guys think it might go? What level? Okay, I'm pointing to it and there it is Okay, let's see if we get a bounce off of this level now Okay, because this is kind of the VWAP, right? Okay, so around this 52 area here is the idea Yeah, I'm so bad. Yeah spot on 52 JC 40 and 42 Um Maybe You know, maybe it'll come back down. It's got to get back down to here and we got to see more sellers I was just talking about looking at these two Candles and the price action within it and we're just talking about volume right now And and looking at that context of the volume within the candles And we also have the VWAP in here, which is nice it also lines up with the high volume node here So, you know, that's going to make, you know Obvious sense here that it's going to be high volume node due to this being a V these two being VWAPs in here on our chart range okay, so Now sellers are pushing through it. So JC maybe maybe you got it here Maybe maybe it's going to come down into here and we see more sellers and then bottom of these ranges in here Okay Okay, however, just what we were looking for was a move up into here Okay, this range or this zone it came to the bottom of the edge here And then the pullback and we're just looking for the move here. Okay to about 52 All right, so 52 It was a few different moves. Well, let's just call it 52 up to 57 So, you know, that's that's a 10-point move there Okay, so buying up for five and shorting for 45 Okay, and then now now we're starting to see it break a bit further here. Now. Let's take a look at the selling in here And we know buyers came in here In and not a whole lot though Okay, but we don't see a whole lot of action on the sell side either right now So looks that this looks very range bound right now. Now that can change but Again, we're just looking at candles and volume right now and then also starting to Give some insight to where price might go just based on these two elements in here price action Okay, we can see all of the price action because we can see the best bid and offer activity within the candle And then we also see the volume within the candle Now if you're looking at your footprint chart, you're not going to see all that price action You're not going to see these little moves back and forth like this and then the drop Because your footprint charts can just show you your volume very precisely within that five minute or that period And it just doesn't give that kind of a transparency Okay, so anyway, I just these two elements and we're already reading the order flow here But we've drilled down here Okay from our higher time frame and understanding who's in control Okay This one is kind of we went back and forth on it I just wanted to cover about who's in control at least higher time frame wise buyers are still in control to be honest Okay, we looked at the weekly we're even this daily here. We have not gone below this swing yet Okay, we went below this swing up here Right, and we're retesting this one down here But buyers still remain in control basically that's why we're looking at this bouncing here Right now. We're not finding sellers down here And we need to find some sellers down there and then look out, you know The next level would be around this 40 80 And then all the way back down into some of these other levels here. It probably maybe something around 4011 But then below 4,000 okay probably down to about this 37 39 37 level or maybe a little bit lower 416 17 where the buyers came in here, right? That's why we mark these areas up All right, same concepts over to the hourly same concepts over here to the five-minute chart Okay, so here we are okay big cluster of Activity down here buyers came in just about here pretty strong pretty strong right in about here Okay, so let's let's see if we get another Barrage of buying down in here and now what we're gonna do Yeah, JC good one good call, you know it blew through that area now We were just looking for the pullback to here Okay, but but JC. Yeah, you got it. You got it It's come down to this kind of 42 level here and where When we relate that to the candles we saw the strong move the pullback and the strong move Okay, now let's start to look at the sellers in here, too Okay selling starting to pick up bars and also dots in here And then we're just testing it into it right now now Based on the candlestick chart in here. I would look for covering and a bounce Okay by buyers and then maybe back up to about 50 here Okay, now this is kind of a critical area because this is a If we don't get that and we don't see the on the bid it being strong Then we're gonna get a push through here and likely not only down to the point of control of this range in here But we're talking with them. We're talking about the lows okay Again going through these different scenarios in here about the price action where it might go now we look at the order flow Okay, now we've only been covering in here the the order flow In terms of the aggressor Okay, and and the price action. Okay, so Yeah, so let's see. This is not a bad concept again a pullback and Look VWAP on this candle is here at 50 and that's kind of where we were saying like we were kind of looking for a pullback All right. Now. Let's look at the structure too All right. This is where sellers kind of really picked it up in here You can see the spike in here and also in here. So a pullback to here and is not a bad Concept at least to 47 maybe to 50 here Okay, even though we know sellers are in control here on this very small time frame. Okay, right in just just this recent move here This is where sellers took it down Okay, so we're looking for our pullback to here. Okay, we know our VWAP is up here though All right, so now we're relating this order flow here again to our candles And the aggressors in here just the aggressors right now. We're keeping it simple We have our reasons now Okay, why we're looking for these to unfold Then we can get into trade management in here All right, so we've drilled down We've gone through the process here on higher time frames Looking at the same process all the way through but now we're getting so much more Transparency in here and we're all we've done is turn on the volume dots okay, and now yep, just looking for these pullbacks here and Trade management, you know, that's a whole nother subject We've talked about it many times Very briefly though like how you would consider You know on a pullback like this, you know, maybe you just want to get in at the at the bottom of the range And just kind of cross your fingers You have your ideas though All right Okay, another one is you can look at some of these microstructural areas in here And start to understand We didn't even turn on best bid and offer here we go Okay, look at these microstructural areas in here and really start to understand the order flow this in concept We've talked about it for years is the same stuff Okay, here's our price action. Here's our break above it on buying Here's our low volume pullback right here. Here's our buyers above it so that you could get in You know here or on your pullback try to take it back to the top of the range or You know, you're just looking for this to continue on up into your 47 level, right? So let's go there. All right. So now we've already blown through that 47 level That's the move we were looking for our primary scenario Okay, and then our secondary or our secondary target our primary target was 47 our secondary targets up here around this 50 level Okay, due to VWAP transactions I'm not you know, I'm just throwing this idea out there on that VWAP. I Kind of like I would be taking profit in here to be honest The swing here we might get a little bit of a stop run above it in here But I look at the swings in these areas and clusters of activity not the VWAP All right, so That that's what I like to look at But it's it's up to you, right? And and so in fact this this has been achieved. Okay, this this target here has been achieved All right, so now Out of the position just looking for that to unfold Just that Okay, and then now on to the next position All right. So now we've drilled down. We've talked about our higher time frames We've outlined our areas on our higher and lower time frames in here and now we're just looking at the aggressor in here Hey, the the traded volume the transactions Thank you JC This is very simple straightforward education. I know it sounds kind of complex, but it's just it's not It's really not and we're looking for these and we have our reasons why we think this might unfold Okay, now the JC the way to go here is if you like some of these concepts go study it Okay, that's how you build a trading plan. That's how you build an edge Did it work? Go back again and again and again Unfortunately like a J traders tomorrow He'll be on tomorrow and Scott will be on Thursday. They have their own trading plans Talk ask ask J trader About like how he came up with his his trading plans. He went back and hand tested them Okay, now he's not doing that anymore. He's has well, I guess he still is But now he has actually programmers too Looking at other data sets and other things, but he is an expert on his moving average a pullback to his J lines Okay, and other Strategies that he's looking at he is a complete expert. He has done this homework And he has numbers when you start to have numbers This is going to give you tremendous confidence Okay, so you have let's say you can even start with it. You could do it today You could have 17 to 20 different instances in here and Give you a slight edge Likely okay, and in a couple of days in a week you would you would have that edge Okay, and then now you can start to wrap a trading strategy or Trade management strategies around it too Okay, and then you have to then test it forward test it or back test it With or in replay mode Then in in demo And in live markets, okay, and then start with micros And we're gonna we're gonna have other webinars soon going over building trade strategies Hey and building building edges All right, so it's Something that I think a lot of traders like they hear about it all the time, but they just don't know how to do it So we will cover it now and note now what we've been talking about We haven't even looked at liquidity yet. Okay, the other side of the trade We're just talking about the transactions and our ranges. This is why ranges Okay, let's just take the volume dots off for a moment here Okay, these these ranges in here and market structure is critical to understand How important it is to understand market structure Now we're using candlesticks in here because everyone looks at candlesticks Okay, but it's we can take these candlesticks off, you know a lot of times I feel they just get in the way And you know just look at pure market structure by best bid and offer All right and start to understand the order flow Just by understanding market structure Okay in here You can see consolidations and speeds of moves in candles. You really can't Okay, you might get a big candle, but it might Consolidate a lot go up consolidate a lot go up and then consolidate at the top There might be three or more areas of consolidation on that big green candle Okay, so This instead is telling you like look at this move here. It there were pullbacks in here They're beautiful too. Look at these moves here guys. We just don't make this stuff up Move higher pull back Breakout pull back to where it broke out from Back and forth break out pull back to where it broke out from Breakout pull back to where it comes came from a little bit lower here But there's this is kind of a maybe an anomaly and then again break out pull back to where it broke out Just this move here you could have gotten in and out several times and then also had layered into this and Leveraged this trade it did it again here and then here just broke out and continued Finally you get the pullback to this area here. Hey, you'd be done for the day and you would have made a bundle Hey, if you're really precise with an understanding what you're looking at and what you're looking for In your strategies and we're just talking about market structure right now. That's it Okay All right guys, so what here we go now this we're gonna take this Market structure. We're gonna put our candles back on here Okay And and we're gonna put our volume back on too and we're gonna we're gonna put the heat map on finally And and understand what's going on Okay All right, you guys are bullish in here. Okay, I like it. I like it I was kind of curious what the Outcome would be here, but most of you are bullish Okay, so let's we can end this poll unless there's a few of you. You want to jump in there But 65% of you guys are bullish in here Do I use trend lines? Floyd it's not so much about trend lines as it is about Structure. Yeah, I do I use them all the time to outline structure Okay, just because you know, we're drawing up these kind of horizontal structures in here You you can very successfully look at the same ideas tilted Okay in your trend lines in your trend channels. I love it It's the same concepts. It's the same idea. It's just that it's been tilted and shifted That's it. Okay. Here it is playing out right in front of us. Okay back to the V-wap back to a trend channel sellers coming in Okay, not a bad area in here. Hey, we have a couple of V-waps in here. We also have structure here Hey, and then here. Okay bottom of this range. So we're coming back down there Okay, and it looks like sellers are starting to pick up in here. Let's turn our volume dots on Okay, now This is where we're going to turn the heat map on and add them of the third element on This book map chart and understand what's going on between these periods in here Down at this range here because we don't know what the liquidity is like in here So are we looking for continuation? Are we looking for breakdown? What's on the offer? What's on the bid? How long have they been in there? Did they add to it? Or did they pull as price is coming down? These are the questions. We wanted we want to answer Okay, so we got the heat map on let's turn it up and take a look beautiful Look at this even though we have high liquidity in here. They're getting filled in here And we still go a bit higher. There's still more by we get to pull back still more buying pressure But it trades up into here Here's where our sellers take it away Hey here and then now these guys are short. Okay back up on this pullback here All right. So now let's take a look here We've just broken down and the selling is picking up looking for 40 Let's jump back. Let's not I really want to look at it all immediately We just it's moving pretty quickly, but we want to take a look again at the bigger picture here We're through these areas here we're looking for the VWAP now down here or Where the buyers came in the truly down here is where they came in 32 or so 31 All right, the first test would be the VWAP here All right, because we've traded through now where these buyers came in All right. Now we might get a false breakdown. It's true. We might We'll read it, but a bounce off of VWAP and and then a potential false breakdown here Below this these swings in here this swing here and this swing here might not be a bad setup Okay, so I imagine VWAP is probably around 39 or so and we're just trading to it right now Okay, so let's jump back to book map. Okay, and we would we wait we covered that scenario too Okay, that if we would anticipate buyers to begin with here Okay, because of the strong move here, right? Strong move that we're looking for a bounce and then a potential to come back up Okay, well, here's what we saw now once we added liquidity into the picture. We got a whole different perspective here Okay, they're getting filled they're getting filled Sellers now taking it away from that area up here This concept of them taking it away from this area up here is no different Than this concept of them taking it away from this area up here on the daily chart Okay, so because of that I'll be looking for them to take it lower Right and trade through some of these areas in here now. We've already traded into 40 And let's take a look at it here okay filled and filled And still in here and then they pull Okay, down to here 38 on the offer in here We're what happened to our point of control. Let's see what would happen with that. It's up here at 45 All right, that's not a bad idea either as a pullback though All right, we'd have to see the buyers come in here for that to happen Obviously All right, so let's take a look at maybe even our volume profile in here or just we can we can zoom out and look at This previous area in here. We don't have to look at volume profile We just look at maybe some of these area. This is pretty nice. This is kind of where broke out from came back retested They pushed it through here So, yeah, this is not a bad level and we've already come down to it and tested it here Okay, so that's around Was around what 4136 okay, so now are we gonna see buyers bounce off of that area here? And take this higher and if we do Well, let's just let's take a look here. Okay, we're looking for our buyers above here Okay, now the offer is pretty pretty ominous here But this could be a really nice idea as it again another pullback trade Okay, and let's take a look at the market structure to here Okay, these these wicks in here Let's let's dim our heat map a little bit these wicks in here These swings here and where the sellers dropped it through there and we also have VWAP now We will keep an eye out for this because during this session You get these mean reversion traders that come in once price is gone for farther enough Far enough. They'll come back for this relentlessly To 45 All right, unless it builds out and pops in down here now Okay. All right, so look a bit of buyers above it. No break down Down to the bottom of the range here. Okay looking for sellers to push it through down into 35 Okay strong move strong selling okay, that's what's making up this move is strong selling Okay, this was a bit of a pause or a pullback and again looking for our strong selling Okay, so then down to the bottom of the range here They'd be looking for that horizontal line right here Okay, look at we've already had a pullback to VWAP here Okay of that candle Hey, you know, I don't know how many people are looking at that But it's not bad because look at for this between this period here And this is why we don't want to hang our hat or rely too heavily on Indicators, but what is it showing us? What is it telling us? It is telling us this This here is Basically the high volume node in the last five minutes It's right there. Okay, you can look at you can verify it here in the in the CVP the chart range volume profile It's pulled back and it's accepted lower looking for sellers looking for them to hit the bid into Lower levels and our line that we drew down here at 31 and three quarters And stop run lots of icebergs in here too about 300 icebergs All right guys, I'm sorry. Let me get back to the questions. This this move is playing out very nicely okay Back down to the bottom of the range here and I'm looking at the kind of You know for the session just actually went lower here Okay, so we can look at 20 or you know 25 in here as well But the cash session is what we're looking at here, right? The cash low is here All right, so that's what we're testing right now Any so I'm lots of questions in here and we'll go through them here guys, but I just want to See if there's any questions on understanding this process Okay reading reading this bar data here From our higher time frame and who's in control Okay, back down to where we would anticipate a bit of a bounce here due to these buyers coming in Okay, and then going to the hourly chart here and we talked about many different things in here and about gaps and how We can't participate in that actually you can if you get up in the middle of the night or you're trading London session but The or you know London or Asian sessions in here because this is a futures product, but the And then looking at that and then drilling into the five-minute chart, okay now when we started off this webinar These were pretty strong candles for that for the daily. I mean so I'm for the day Right, so we were looking for a move back up into these wicks up in here Previously okay makes sense Okay, we also know though because of this drop in here and you can see where that drop took place is Here it's just kind of spiked above it and then it found its sellers And we weren't too convinced on that selling. In fact, we're looking for a bounce here and Then we came back and tested here again now Now we're looking for the drop through it point of control or high volume node of this area And then we talked about down here 3175 or so and now we've spiked below that too Okay, and then we looked at book map and we looked at the volume within these areas And and then we looked at the heat map as well the heat map gave us a lot of information right in here Okay, right in here on That pullback Okay, now that's the beauty here if you don't have that you you're not getting the full picture You don't know they got filled in here. You don't know they got filled in here Okay, and then once these sellers come in and up end that okay, and they and basically this is like a gap This price action is like a gap And it's a stop run to it right here Okay, so they just you know sellers come in drop it hit some hit some stops along the way and continue on Let's let's take a further look here and let's turn our heat map on Okay on the offer pretty strong. They got filled here again. This is a pullback now look at the volume in here All right, this is a pullback and a retracement so far But we're looking again at who's in control in these moves Okay, like we knew sellers are in control here. No question sellers in here Sorry guys I'll clear the the the lines here in a minute, but because it's getting quite messy Making these points, but a sellers pick it up here and move it now Binds not so bad in here. Look at the bars and the relationship look at the dots and their relationship It's not so bad. So this is kind of strong. This is kind of maybe and we're at lows of the cash session So that concept of that mean reversion trade is not it's still in play here Okay, we just want to watch the order flow. That is it's just another scenario We are open to here and the order flow is going to give us some insight To it And we're gonna look for it. We look for the buying starting to mount up here. It already is but up here is looking pretty weak It's looking pretty weak up here. Where's the selling? It's looking pretty weak in here, too So and the in this this offer at least it appears strong and look where they came in Where the sellers took control? You know, we're not making that stuff up Here's where it dropped. Here's where their sellers. They're ready to reload now. Here's our dynamic They're full of it And they're pulling right they don't want to be sellers now In fact the buyers are coming in they flip they traded in here some sellers traded in here But look at the order book flip from offer to bid and we're finding buyers great Let's hit 35 and let's get back up in two Well, 35 is where it dropped from. Okay, let's see if we if they're gonna go for some swings now though Okay, so maybe back up to these swings up here Which would be around 38 or so? okay, this appeared to be strong and Now we see a whole different dynamic, right? Okay, well, let's see now. Let's see if the bid again flips or You know these guys from offer to bid And we get more buyers in here and we can look for that that trade Now what does that look like on the higher time frame here? This would be your false breakdown All right, and we don't know yet if it is or isn't now if it is Okay, what we say 45 45 is way up here Top of this range up in here that would be your mean reversion trade for the day Way up there So that's that's pretty good point point gain there okay now based on the the structure in the in the In the swings in here I Would probably be looking for about 41 or 40 41 and a half or so somewhere around here 42 41 and a half something like that I also know there's gonna you know this 40 levels going to be pretty big and I get through kind of the midpoint You know our high volume node of all that action in there, and that would be it's actually a little bit lower. It's in here So that's our 38 level. All right, so That looks pretty good. I really like 38 then and now I don't see much liquidity around there Hmm Okay buyers now. This is what we're looking for is heavy buying in here. They've it just has to be It has to be okay, and it's coming in there's 35 Hey, let's let's see if we can get some more or not now again. We don't know yet Right. We're still looking here because of this here Is this false breakdown or is this continuation? And we still don't quite know yet. It's kind of come back into the range here a bit, but this is pretty thin in here It's the meat of it's up in here in this area up here Okay, so we're still kind of like on the fence here really not too sure we've gone through the different scenarios though And we just don't see anything right now Let's see Doug Traders are buying puts. Okay, so this was back at 1035. Sorry or 1055 so not that bad Thanks, Doug Traders are putting our buying puts and selling calls aggressively in the queues. Okay Okay, here we go again buyers coming back in This is where you got to get it back back above this kind of 35 area on some pretty heavy volume. It's mounting though Okay, it's looking pretty good Yep, there it is. That's our heavy volume here Hey, let's see. Let's see them move it up to 38 That would be the first target here now, you know kind of miss that one To be honest, I wasn't convinced in here You know, we knew our level Hindsight's the real easy one on this one. Our level is simply here at 35 It's been bouncing off that and then finally they push through here. They are supporting it here on the bid Okay, and they're staying in here So that's good Okay, that would be your pullback if you're bullish now. I don't know what I feel about it Okay, now it's looking better not just because it went higher, but they pulled here. They added more here and we're getting buyers Okay, now we're at our 38 level. All right. Let's see if we can get back up in 240 Okay, this swing up here And we know this is a critical area here. We see this liquidity that got filled here and 40 Relates to kind of the middle of this range in here I'm sorry. That's 38 40s 40s a little bit above it. Hey, these guys are still on the bid here. They want to be buyers Okay less on the offer it's flipped Now it still still doesn't mean these guys sellers can't trade into and through these guys here Yeah, I'm not I'm not too convinced on this one I do see the buying in here and I would go with the buy I mean the overall move is still going with the buyers on this But I this is not It's not bad in terms of probability. It's just not great. It's not too convincing Okay, but yeah, I would still go with the buyers here and then the move up into our 40 and Yeah, potentially that 44, but our it's 45 really is where that the POC is Guys if you're on YouTube you want to join us on the discussion In in discord jump over our to our discord channel You can find it the link on the just go to book map calm and it's on the top You'll see there it says join our discord. Okay, Doug has some Doug's Doug's gonna be resenting on on Friday This this upcoming Friday he he came up with a new option strategy. So he's gonna be going over that So looking forward to that. Thanks, Doug Looking very forward to that Doug Doug's been trading. He's done some pro trader webinars for us so and he's just Heavily into the options here Doug you're turning into a scientist here with some of these some of these options The let I'm sorry guys and let me get to the Nice nice chat in here on the YouTube Channel Still going higher here still buyers still going higher So 40 I kind of like that 41 level here I'll get to the questions in a second, but it's up in here. I'm kind of looking at for basically 42 41 and a half 42. All right, let me get back to these guys Can we connect to Microsoft Excel? No Wall Street Warlord You can export the time and sales Into Excel from book map. Yeah, there's our move into 40 you guys Okay, still still looking for higher The order flows pretty good Okay, and then basically that it's at that 42 level and that's where I would I would take some off Personally, that's my trading style though. Okay, so this is kind of the area right in here All right, we talked about it several times Okay, but the funny enough the POC is up here at the top of the range Okay, so at 45 up here And that's I mean it's climbing. It looks like it wants to go right into it. Anyway guys, this has been a You know a pretty good example of a false breakdown and and then in here I I don't know. I just wasn't too convinced by it I'm much more convinced by it now when you start to see that volume pick up But down in here it just wasn't too convinced Even this move in here. This is where the sellers came in This could be actually a little false breakout of this zone and then a move back in and down lower But it in the book flipped in the order flow. That's why you know, this is again Scott talked about this I mean the order flow told us and it but just wasn't as convincing, right? The order flow told us like yeah, we you know, we're going with the move higher here. It's just that Yeah, I I don't know I just wasn't convinced by it for the reasons I I said the We hadn't kind of quite cleared that area The volume is not bad. It's not bad at all and they did flip and support it on the bid. So You know, actually, it's not it's not bad. It's not bad at all But I don't know for whatever reason I had my I Had I had some doubts about it and then Scott talked about this Scott talked about like look, you know, you may may not feel good about it, but this this is your plan Then you've got to trade your plan Anyway, I just want to make that point across get that point across about That that's where it's not about Waffling back and forth on is it good or is it bad or whatever it's like What is it telling you and just have to separate your emotions from what it is telling you? That's the the main point here Okay, so let's get back into this So you take the emotions out of it Usama. Yeah, you might we might see that sub 4000 It's not far away. I mean 140 points away, but Yeah, well, we'll look at CPI data a bit later in the week not I'm sorry GDP data, right Uriel, what's the best time frame for scalping? Well, it's there really is no time frame It's really about the order flow and what the market gives you. Yeah, like, you know, you you could look at a Very very small time frame in here You could look at a very higher time frame much higher time frame Okay, well, you could you could be looking at five minute. You could be looking at 60 minute or even the daily here Hey, so It's what the market is offering basically You can zoom in here. We've gone through this exercise a million times You know looking at these little micro same concepts and ideas micro structural areas though And then looking for the order flow within it So here's on the offer sellers great Let's see them hit down to below this here and maybe they get down to here 38 and a half this liquidity here at 38 Okay, they only came back down to here and now we're up here getting buyers Okay, so let's see now. Do we get enough buyers here? Does the bid show something here? We're getting buyers here Okay, well 42 right There's 42. Okay, so, you know, you could you could scalp this all day long Okay, up up to 42, you know kind of top of the range in here. Do we still see buyers? What about the bid? And the bid starting to show a little bit of support in here. It's kind of bluish. It's not that great though Not no buyers here. All right. So now do we get sellers here? If so bottom of the range again back down to 38 Okay, see the exhaustion in here. Okay. Does that is that clear? Right in here and then we've got these buyers and sellers coming in here. We're looking for the move lower Okay, now they just moved it down to where where the buyers came in Do we get sellers down here? No Hey, you can play this all day long Be be a lot. I mean you'd be really tired exhausted Again, did we get buyers up here? No, not really Okay. All right. So what we need to see now is sellers here at 40 And we're not getting them now. Do we get buyers now? Do we get buyers back up here? No This is kind of range bound There's some exhaustion Nothing traded there. Okay, do we get our sellers back down here again this question? Offers coming in a little bit are they pulling on the bid? It's a very tight range It's like three ticks Okay, some buyers starting to auction up here It's just not quick enough, you know starting to auction up here. You'd be looking for the the push. Okay. Now the continuation There we go Okay, and now the continuation Back to 44 and then 45. This is this would be our mean reversion trade as well Okay, just on a much lower time frame now. See how this guy just spoiled all of that And we don't know when that's gonna happen Okay, now look at it. They're still buying pressure in here though. Look at that Okay, can we auction here again? If so, we should be able to take these guys on at 43 Okay from 42 and a half to 43 and then on up and we didn't we didn't get anything now You know, this is happening very very quickly And now we're getting our sellers in Okay, now do we get ourselves remember our sellers down here? Do we get them down here? Yeah Okay, and on the offer Let's see. Let's see if we can get a maybe A push here on the sell side And nothing We could just do this all day long. All right, let's see it sellers. Let's see if we can do it And it doesn't look good They're not really showing up and the bid is still supportive here. I want to see it dark in here on the bid Yeah, now it's looking better. Okay sellers should be able to push it now Okay, and that we're not talking far Maybe back down into some of these areas here, but the liquidity is down here at 38. Okay. We got buyers coming in one more time Me meager selling here, but it did auction Okay, better. All right now. They've they've got it now Okay, let's see them try to move it now back down to bottom of this range here 38 38 and a half 38 and 37 Okay, see the distinction in there See where the sellers came in We we auctioned a little bit here And that was it And then it started to they started to pick up here now look at the reaction to that More selling now. This is kind of this in this case. This was not Someone who disrupted the party. This actually was wind at our backs that helped us Uh get this down into 38 and a half 38 and a quarter Okay, so anyway Uriel, there's your answer. Um, this is the same process though. We are doing on these higher time frames Uh, as well as uh, you know, even some of these candlestick charts in here This is why I would I would be taking some of my profit in here. I said around 42 Uh, or 41 and a half all right due to the structure here of the Higher time frame Good morning, Phil No, these aren't a part of book map. This is actually rhythmic r-trader rhythmic offers it for free I've just been using it because uh In in book map. We don't have a higher time frame Outlook like several days here or months of data. We could look at a weekly in here as well Right, so I'm just getting the concept or I'm getting kind of some insights of ranges in here Just ranges because the volume is ridiculous. It's in the sub chart here. There's no liquidity in here But we're getting market structure And it's even that is kind of hidden somewhat Due to the aggregated data within the candles However, we this is what we're working with and this is what most people are looking at is some sort of candlestick chart Right, uh, we we asked that yesterday and that was the uh the outcome Guys, if you like this video give us a like here um, this is uh Been, you know part two of our candle and market structure In the education so uh to really follow through on that from yesterday So we got parts one and two. I think that's uh a nice Uh addition in here For the education All right Okay, floyd looking at some lower levels there. Yeah, I like that 41 23 ish Or 24 ish level as well. That's exactly what I was looking at earlier in the week or friday Uh wall street warlord go to bookmap.com slash. I think marketplace or just Maybe it's I'm sorry. Maybe it's marketplace. Hey, let me show you. Um Go to bookmap.com Okay, and then go to more and then marketplace here on the right hand side And it's marketplace dot bookmap.com. These are all the add-ons in here Sounds like you're a coder. You could code in here is there In java and javascript Uh, and you can um, you can sell them here if you like as well. It's a marketplace Okay Yeah, there's more information if you go to, um We'll scroll down to the bottom. You'll see about becoming a vendor in there if you're interested and um Another place to go and let me show you this is here um bookmap.com more button and then um go to uh knowledge base here And then java api here now I don't know the details on it yet and javascript here as well I don't know the details on it But we do now offer a bridge with um python So you can code in python as well For those of you wanting to join our discord just go to bookmap.com. You can see it right here join our discords at the top Okay All right, let me continue on with the questions here. Good good questions. Um Yesterday especially Okay less the more you The more you watch the more it's making sense. Keep it simple We want to know we want to be able to Gain something from it if it's too complex. We're just not going to get it Okay, it's hard enough as it is Um, but just want to keep it really simple Okay, and we've been talking about very very simple concepts in here About market structure and acceptance rejection and then looking at the volume and the order book within those areas. That's it That's it Yeah, I mean like captain price is looking at volume profile mean reversion these kinds of ideas. Um Sure, that's more complex I mean, it's the visualization is great. I love it But you know it it could be very expensive software so You don't need to have it you can Um understand the same concepts by what's happening. Um, and well, you're gonna get volume profile within bookmap and your two columns here, uh, and then You can also look at some of these candles in here Um, even on your higher time frame and you know, I was a little surprised I was you were totally wrong here the the poc was the volume The point of control are the most trade levels up here around 45 Okay at the top of the range it doesn't look like it, but it must have been due to the open in here Uh, and a lot of trading right in here Uh, but it looks like it should be down here Okay That typically it's it's not too difficult to ascertain Okay, and then low volume nodes, you know that too. I mean like there's going to be a low volume node likely up here Back and forth quick move away retest Quick move away. So that should be up at 56 and a half. Let's verify it 56 and a half Is it a low volume node? Okay, it should be right here Yeah, kind of. Yeah, it's not bad Okay, abdi you're looking at other older pocs. Okay Uh, nick why I wanted to take profit in here was due to the market structure Okay, I wasn't looking at poc. I was looking at this these swings in here Let me get rid of I'm going to take uh, some of these things off in here All right, so we're gonna we're going to uh, finally get rid of our drawings in here That should help Uh, and then let's just lower down this here. Now it should be pretty clear Okay, this this 42 in here somewhere in here. I like 41 and a half to 42 Uh, that's why I would take my profit there. Okay I need and hey it might still do it here. Um, we don't we would have to come come in here and take a look Like look they stayed in the book here at 35. Look again. Look at the market structure again Okay here Okay, and it broke out here. It's they're buying here on the bid at 35 All right, so coming back up into here is still not out of the question whatsoever It's still in play Okay, now if the sellers break through it look out we're coming back down into here Okay, we also covered uh, the um Uh, something I I I want to I'm going to look at it more. I really like it. Um, these v-waps Um on the candle And it's something that I hadn't seen from someone else or our c uh cto came up with that idea just out of the blue um And uh and put it for the bid to ask an overall vwap Uriel how you get a cvp column just right click go to Volume and then uh chart range right click again and then choose chart range accumulated Very simple Hey guys, do did you like this video? Or this webinar do you want to see more of these? Uh more education like this I'm gonna do another little poll in here. I like these polls Okay, all right now would you guys I mean we we're here in these webinars for the live analysis That's what we're here for All right, uh because we have education courses already online. Maybe we'll add this to the education but um And then we come to these or These webinars are about going over that course content in the live market So look at look at this mean reversion trade this bounce off of 35 here Not bad, right? It looks like it's going to do it to me Um, uh and hit this 45 level here. These guys are just relentless They they come in and they just don't give up For these mean reversions and then once this is done It's like, you know, they're they're out um Hey, Ricardo, um Okay, thanks guys. All right, excellent I really appreciate it. Uh porter. Thank you Yeah, look at the bid here You know, once you once you see this action in here, it's like this is what it wants to do you know, uh Now you could like you got to you got to work on your trade management. Um, that's where the rubber is really going to meet the road Uh is to understand your trade management within these these, uh structures Okay, what we've just covered Because you've got to protect yourself Uh, you you know, you you've got to take your profits Uh, take what the market gives you uh, and then and then, um Uh, and take take your small losses when it does not do what you think it's going to do Uh, and and that come that confidence comes from your studying Of these areas Once you have that confidence is pretty easy Yeah, or it makes it easier Put it that way it still hurts It still stings, but uh, it makes it easier. Jay trader is a complete expert at it Listen to him Okay, scott is a complete expert at it. Listen to him Okay, uh j trader looks for it to work immediately if he's not if it doesn't he cuts it He's out. He looks for the next one. He doesn't let it get to him Uh scott has a longer term higher time frame stop based on atr and levels Uh, and that's the way that he trades Uh, and uh, he said how many times has he said it? It's it. I love it like, uh He gets in there and he says like this is where your stop goes. You don't move it You know, it either works or it doesn't Uh, and uh, don't trail it, you know, if you have a new setup within that setup Then you can um edit your management Yeah, so anyway different and those are completely different ways of trading Okay, and uh It's it, you know those resonate with uh, that's their way of trading and it resonates with them All right Okay, I think I've gone through most of the questions here. Um, and uh Wow 100 on on this here. Um On yes, huh, okay um Okay, 27 votes Okay, well, I'm I'm shocked to be honest Uh, I don't like going through I I feel much more comfortable going through the live analysis to be honest Uh, and uh, I think it keeps us accountable Uh, instead of doing like, uh, you know, uh kind of hindsight stuff Uh, but um, and we did a little bit of both in here Today, of course, uh, we saw these moves Unfold and And we went through the scenarios and then we started to see it unfold and we're looking for the follow-through Uh, and it played out pretty nicely The more objective we are in the analysis and understanding what's going on in here and the market structure from the higher time frame In the candlesticks and understanding our zones and marking them up because look at this is pretty back and forth, right? And we started off. We were bullish up into these areas up in here. We started to see something change We're looking for the pullback uh into these areas down in here We're looking for a balance even a small little move in here a bounce out of this area because of buyers We come back again and we see sellers again. We're looking for the push through that area Okay, now here again. I I forget someone to ask the question why 42 look at this is where it pushed through This is where it's retesting back to All right, there's another reason uh as well all right, so, uh You know now we look at these areas in here Now we're looking at going to look at the volume and we look at the order book and it's all there in front of us Uh, look look at that liquidity here and where they they pushed it through a little bit higher Uh up here, right 42 uh, the liquidity was here though And now there's look at the liquidity up here at 45 We pretty high liquidity up here at 45 Okay, can we get there is the question? It's already failed up here a couple times Uh, and it's trying here. It's trying Uh, but anyway the push up here again to the swing Was you know, I I thought because of this volume in here. I thought we'd get there immediately, but I I I Just because it's poc. I don't like taking a profit. Um, I like looking at my levels Okay, just because there's a high volume node and it does this It's just not my style Okay, so anyway guys, thanks. Thanks everybody. Thanks for coming Um, if you like this video give us a like, uh, and uh actually on this one I really give us a like because uh, uh, this is um We may we may turn this into um, a course somehow All right And uh, if if you guys do like it then that that'll be uh, that'll be important Um, and and and comments in here too. Maybe after after the webinar is done Let let us know your comments in here if you want us to continue on this or not Uh, because we will no no problem It's whatever you guys want is for you so the um Just a little upkeep or um, let you guys know Uh, what's going on in here in our discord channel later today at 2 p.m Uh, we will have all this week. We have events at 2 p.m uh, so we um Uh, I will have today. We're going to go over new some new indicators For the next few days and then dug will be on friday So that'll be a treat uh to watch doug present and go through his option strategies. I can't wait. I mean doug's Really gone deep into them. Um So we have uh at 2 p.m. Today. We have the cross, uh, bbio, uh cross cross bespin offer Indicator it's very simple and straightforward, but I want to cover it with you guys um, and then tomorrow we have the um webinar and in discord uh on um The price levels. Okay, philip. I think you had been asking about that. We're doing it. All right, so it'll be tomorrow and then on thursday, uh, we'll have the um, we have a new break even uh point indicator Okay, so, uh, we're going to cover that On thursday now. These are going to be You know, these are more technical. Uh, these are new features Okay, so we'll be covering them in the afternoon. You guys have, uh, Like those and embrace those so we're going to do more of those uh, and uh also For you guys looking for um, uh, uh, tom He is off right now. He will be back on the 30th. Let me show you Okay, if you go to our youtube channel Okay, so tom is away right now. We've put it on multiple in multiple areas in here. Uh, tom is away here Here's his webinar though for the 30th. Uh, but if you go to our home page in here, you'll see it as well We've listed it. Uh, so you guys know he's here. Uh, he'll be back on august 30th and presenting All right, so look for him then Uh, and uh, he uh needs a bit of time off. Uh, he's been working very hard And has been providing you guys with some very high quality education With order flow and volume profile. All right, so Lots of stuff going on lots of events happening. Um, and um, uh, yeah, so we'll see you at uh, two p.m. Later today All right, and again Please give me your comments and we will read these these comments in the, uh Uh on this webinar, uh, if you want to continue this into education These parts one and two on candles, right? So it's kind of important at least for me to kind of understand what uh What you guys are looking for and what what you want All right. All right. Thanks guys. Thanks for coming everybody and uh, we'll call it a day and we'll see you Later, maybe today at at 230. Okay. Thank you. Take care. Bye. Bye