 Good morning traders and welcome to the bookmap live trading webinar. This is Bruce at bookmap and We go through the live analysis here Monday Tuesday Friday at 10 a.m. We have live trading with J trader tomorrow Wednesday and then Scott Pulsini Thursday Let's jump right into the order flow here and check out and see what's going on. We're looking at the SNPE mini and Very jumbled at the moment as you can see the overnight session here and the cash open And we can see it in us in a tight range here or a rather tight range about 15 points or so So we need to kind of ascertain if Where we might get some sort of direction out of this and really not seeing much here at the moment It's really bashing back and forth here. We see buyers come in sellers come in buyers come in sellers coming in Looks like sellers are going to go for this 85 level. There they go. All right now if they did that They should be able to make it down to 80 as well Looking for a lot of stops here actually now since we do have some follow-through at the moment and let's see if we can get back down there and And maybe some continuation. Let's see if we can get maybe a trend out of this since it's been in a pretty tight Rather tight range for today. All right. So anyway, that would be scenario number one We're getting a small pullback at the moment but Yeah Scenario number two got to cover that is it if this is a false breakdown. Well, this is the area to look at Okay, we always look for this where there's gonna be trapped Sellers and then the stop runner squeeze to the upside. All right, so we'll look for that scenario as well Anyway Want to do reach out and ask you guys So first off What would you like me to take a look at today? Any stocks in particular? or any Futures markets or we can also look at crypto. Okay, we do have Bitcoin up as well And for Binance futures here Aloha. Good morning crypto surfer Um Okay, Phil you you want Apple Nvidia Amazon and Tesla. I don't have Tesla. That's the only one here So let's get that up. Get rid of these as well I have baba, but I'm gonna I'm gonna close that and we'll add Tesla Okay, Tom AMC always You guys love your meme stocks We'll put that up You're welcome. Um, okay. You want to look at the ultra bonds? So, uh Yeah, I mean, uh, maybe we'll take a look right now. I'm having some Kind of some data issues here. So, uh, let's hold off for now If you don't mind, but we can look into it a little bit later And let's see over in discord. Good morning everybody. Um And let's take a quick look here and see what's going on Uh, you should be able to hear me uh in here Can everyone hear me in discord there? Oh, I'm I'm sorry guys. Looks like uh, you guys couldn't hear me in discord Uh, you can you should be able to hear me now Yeah, sorry about that Okay, all all good. All good to go. I was just asking if you guys want me to take a look at anything Uh, typically we're looking at the s and p e many, but uh, uh, we um Want to open up here to a lot more? So Also, just uh, I wanted to kind of pose a question to you guys out there. Uh, just in general I'm just very very curious. Uh, who's bearish in here? Or who's bullish? Just uh, if you could type in the uh chat there, I'm just really curious to just get a kind of overall feel here Especially you guys in youtube You can see our scenario two is kind of what's playing out right now um Major tom you want to be bearish, but Neither today phil yeah, it's inside day at the moment, but uh I think major tom you were asking me yesterday about uh, let's take a look at the bigger picture and also guys I want to go through the um risk disclosure here. Uh quickly. So hold on just a minute here Uh, so what we we're all on the same page here general disclosure all book map limited materials information and presentations are for educational purposes only And should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results all right, so uh Let's see. It looks like uh Most people in here Using caution but on the bullish side Getting harder to be bearish Okay All right, so uh looking for pullback around Up up to in through the 4300 to 43 30 tom Tom's thumb All right, so it's kind of wishy wishy washy kind of in the market is that way. Um, we're we're uh looking on the bearish side, but uh You know can't deny that we're in a been in a very powerful uptrend And you can even see that this move here um In this move to the downside here. It was just a quick, you know stop run and liquidity grab And move right back up into the middle. Uh, so uh Yeah, and this this totally failed now even this little setup here that we outlined here. I mean We can go through the mechanics of this in here Uh, but let's just take a look at it. I mean the mechanics are good. I mean it's doing kind of what Well exactly what we kind of outlined here However, do we see a lot of buyers in here? And we don't right. We don't we just simply don't so We're coming right back to it And we're looking for sellers to try to press back into outside of this uh, uh, this range here Okay, so what let's let's look for it. I I am looking for it here And sellers to push down into 87 86 and then the lows here around 84 ish or so Okay, so here they come just starting right now and looking for it to continue here Uh, and we don't we just not seen a lot of buyers come in now had this picture been different Uh, had we seen a lot of buyers in here and why I'm going through this is just to understand these scenarios When we go through these scenarios, it's it's all about context. So if we had big, uh Green dots in here that would be a different story, right? And we would look for that to continue on up to somewhere up in here or or 96 up in here top of the range okay, so We didn't get it now. We still may you know, they may come in right now But we can see that it's just this pivot line is kind of critical in here somewhere around in here It's kind of a zone in between 87 and 89 and the Yeah We did get some sellers that came in here and even this selling in here is really not that strong Okay, so this becomes the pivot if we can get buyers back up above it here and we're starting to Okay, so And again, is this anything high probability that we're looking for that really tells us That traders are moving the market and it just isn't it just isn't all right, so You know when we when we don't see something that tells us something We're actually kind of looking for more range bound activity and that at that point Okay, so maybe a retest back down into here 87 or so or at least back into our 89 line here Okay, so now this these are not trade recommendations. It's just kind of what we're viewing in the order flow and uh, and what this is uh What are what are the condition of the orders telling us? Okay, so this is looking a little bit better But it's still not a whole lot of volume on the buy side All right, and what about the order book? What does the order book tell us we're we're balanced We're between this 94 and a quarter to 90 and we're just kind of in the middle there Okay, now we're getting a little bit of an imbalance Okay, and here comes some buying Okay, not bad All right, so uh, I could could press on up into our top of the range here 96, okay, so Anyway, nothing nothing really Too interesting here at the moment. There's a lot of stops in here as well Okay So we do get some support here On the bid We are getting buyers here Yeah, I mean we would go with the move up into into 96 here More or less order flow wise You know that that's It's it's again nothing nothing really um Too much here, but uh to look at but that that would be the kind of move we kind of anticipate here Really big move. Uh, it would be you know, you can see the cash open in here So this bouncing around uh, and if we can get back up into this 96 level with a lot of buying Then we have the potential to break away from this area in here All right, so kind of looking for that Okay, pull back Now let's let's read a little bit in here. What's happening. Did they stay in the order book? Yeah, they did here at 92 and a half Uh a little bit here at 92 Okay, so it's just a pullback See if we can get back up into 93 and a quarter and a half here. They should they should pull Uh and try to get up to 94 Okay, they did pull there they go And There's our buyers. Okay, and let's see if they can now push it to 96 here That's originally what we're looking for here We just had a pullback in the meanwhile Let's see here A couple questions in here said it was bearish eight. Uh Yeah, it was an awesome august for the bulls, especially end of the well, uh beginning of the month there Uh, no no question About it. Well, even at july Uh july was fantastic Yeah, marcos 15 range 15 point range. Yep And that's where we are again here today So we're you know trying to get some insight when that might break and you know We're looking for it here like maybe it's starting right now, right? This was the original move we're looking for but see see the volume starting to pick up But we we're looking for a move back up to 96 right now And that's that's it and we'll check out the order flow once we get back up there All right, if we get back up there, but that would be the you know overall look here And uh, uh, see what what might unfold up here. Okay, because this is going to be a critical area for today, of course Karen there is no time frame here in bookmap. It's just pure price action All right, and this is actually a benefit or a good thing Yeah, see how choppy it is here um Sellers are just trying to rip it right back down here And the selling picked up here and and you know, here's our You know trying to read the order flow and the reference in here is to see how there's a lot more selling now Well, this is telling us something too okay, so Uh, the traders are moving it away from this area pretty quickly Now we'd have to see a whole lot more buying come back into Counter that to get back up into that 96 now. So it's not looking too good for getting up into 96 at this point I mean, and it's uh Not a contradiction. It's just look look at the the trading that picked up here You know at this point here In reference to all the rest of the trading it looks pretty good up into 96 And then look at the selling now and look at the reference here. Look at the size of the dots and the color all right, so We have to we have to we have to go with the flow here Okay, and we're back down into and below this this level here. So sellers trying to take control here Okay with this move okay, and now we're just down to the bottom of the range here Or bottom of the swing So anyway, when we zoom in and out, uh, karem, you can see the uh, there's 15 minutes here between each vertical dotted line If I zoom out more, uh, it'll be uh half an hour okay, so you know, there's you can put a candlestick chart on here if you like but basically There is no time frame. There's no aggregation of data like in a bar and and that's a real benefit here It's one of the first things it's showing way more than than uh, uh aggregation or bar data Because you're only getting four data points on your time frame here Every five minutes for example Open high low and closes all you're getting and you're trying to read that and you don't you just don't know You don't know that there was a heavy selling in here. There was some some good buying over here Heavy selling in here. You don't see any of that Right, you don't you don't under you don't get a feel for the order flowing here so uh That's the problem with looking at aggregation Of data or bar data Yeah, we can go to the settings For the volume dots here Okay, I'm using total. I'm sorry. I'm using volume delta, which is by minus cell. That's why it's either a red dot or a green dot And I'm using a little bit of smart clustering. That's it Okay, it's rather default setting here except for the clustering if I hit default here You can see the size kind of went up a little bit and this smart clustering went to the middle And that's this is the setting I like to use all right Okay, let's uh We're gonna take a quick look around here. Um At some of the stocks, uh, you guys wanted to take a look at so let's uh We'll just go quickly through this and look at the order flow. Uh, apple had has now traded into and through the 172 level here Okay, so the transaction did occur and there was more selling. This is our retest back up And uh, we would look for Is this going to be a false breakdown? I kind of doubt it. Uh, it may be um, if we get our buyers up here, but Uh, to me that's a that's a pretty strong move So I would look for continuation to the downside All right, so let's uh, just you know, we can kind of throw some trend lines in here just to look at some structure Uh, and we are trending down look at liquidity high liquidity on the offer just popped into the order book here So if buyers If there's enough buyers, you know 56 000 shares here. So, uh, let's just read this context here More liquidity and what does it do? Hey, I would look for sellers to come in and again like we covered yesterday high liquidity is up here on the offer Uh at at 72 and a half or 15 cents. Uh, and then down here on the bid at 171 50 The middle area would be kind of balance of the order book, right? Somewhere in there, uh, and I would look for sellers to try to come back down into that area. So, uh, First area here would probably be somewhere around in here 171 85 or so Okay, we can mark that up and that's apple amazon Amazon's kind of strange It just traded into but Uh, the 42 50 and bouncing out of it Yeah, it's starting to kind of break its trend line and its, uh, structure up here Okay, it could be a false breakout break out here If so, what we know what to look for here A lot a lot of sellers right around here this 90, uh, well just below 143 Okay, high liquidity up here at at 16 and then also down here around, uh Well truly down here around 24 25 Okay, buyers came in How about apple buyers came in wow buyers came in and took them on Okay, so what this is telling us something Okay, we found a lot of buyers All right, let's let's kind of take that to our s and p here and super choppy in here But we're starting to find a lot of buyers in some of the tech stocks Okay Well, what about this liquidity here? I would look for it to transact Here we go. There's our skew in the order book. Let's see the buyer. There it is again Looking for our buyers and we're looking for a pop from here on up to 94 And then let's see if we can even get up to 90 or 96 level that we were just shy of before Okay, looking for it here. This is why correlations are so great You know when you look at your correlated markets Uh, you can apply that Either or either way, you know, you look at your stock indexes As well as your individual stocks And you start to look for Some sort of insight here All right, so let's uh, let's continue on. Let's look at Nvidia. How is it doing? Quick quick look Okay, it is still trending down Okay, Nvidia is a little bit weaker Certainly and we can jump over to Tesla too and it is it's been pretty weak. I know Jay Trader has been looking at it. Um, Uh Compared to all the rest it's been pretty weak So amazon is the most bullish here and apple apple is looking pretty good too Okay, might get a breakout here Uh of the trend line, but uh, if we do the first the first test would be up to here And and and and balance between it and maybe up into the 926 And maybe you can reach up in a 930 liquidity there Yeah, maybe Elon is selling I don't know. I'm not I'm not an expert like Jay Jay Trader, uh, on uh On Tesla Yeah, um, Yeah, um Lido or let oh, uh, uh, yeah, I I do look at um, uh candlesticks. Um Okay, so you um You really want to look at the uh bonds? We can take a look here Or the notes maybe yeah, we'll have to wait for some data All right guys, so let's see how did our stock index here do? How does the um, still kind of looking for 94 here? That was the next level we kind of left off on Boy, it's just really choppy. Uh guys yesterday super choppy during this session And then as soon as that webinar ended around 1130, uh, we we had the uh, very nice trending strong move Okay, so um I hope you guys captured that or or saw the order flow in there For that because uh, we can take a look at the candles. So there was a question about the candles Uh, and so let let we'll just take a step back here and then we'll look at our bigger market structure here Okay, so uh our daily chart. Well, we saw the breakout here We saw the move up into it here. I thought we'd find a ton of sellers in here We did not we found some and you can see the back and forth in here We drew this line up monday like two or three weeks ago Uh, and we were looking for the test up into it uh, and then uh to see if uh We would anticipate sellers maybe a spike up into these wicks here And then sellers to come in and and drive this back down probably to about here uh, but We popped instead and uh, we saw nothing but buying here And so or a lot of buying and we're still up here. Uh, now we covered on friday uh that This was a uh, and here was friday here. Okay, the strong candle to the upside here We were looking for um, uh, we and we noted it here in the above the 42 50 figure here uh In fact, if we start to get bearish in here We would look for the trade at least down to 42 50 because As we covered in that heat map webinar, uh, we talked about the Uh Amount of traders that got filled on the offer on the way up here. It was massive All right, so we haven't seen any any sort of like a bearish move yet uh, so That's kind of funny, but be looking for that the um And the test down to this 42 50. Okay, so again, and I think it was uh Major tom in there that had had asked about this and said that Didn't I mention we were uh bearish due to this it's like well We'd noted and this is it's an important factor We noted this in here We noted on the higher time frame and this is how you can read liquidity on the higher time frame is that we had uh, you know a lot of Uh liquidity getting filled on the offer, but we haven't seen yet the sellers the aggressive sellers come in And that's what we're looking for is when those aggressive sellers come in To move that market And so we haven't seen that yet, but we do have that one piece Of the puzzle so far. Okay, and that is the um The liquidity getting filled on the way up right so You know, there how much more buying pressure is there? You know that that's what we're trying to gauge in here trying to understand And I would look for sellers to try to reach for these some of these lower levels in here Okay, one would be off of this level here at uh 42 81 Okay, the structural area here. It's kind of already tested it here, but uh On this even on this time frame I'd look for that test Hey, even on the hourly chart here in the middle. I would look for that test It's not asking for much Uh, and then the next one would be probably about uh 62 so another 20 points lower down here and We we we could still be bullish even with that overall Look with that move lower like 40 points lower so um the The hourly, you know, it would be just a basically a pullback also the daily Would be kind of a pullback and just into some of these ranges in here So yeah, uh, that's a possible scenario But now what we want to do is we want to just outline some of these levels in here And then we want to look at the order flow to support those ideas Okay, so we we're continuing to look in here And uh, let's take a look at this so overall strong move to the upside here, uh for the day or from the cash session Okay, but we're making lower highs and lower lows here and let's just take a look at the volume in here as well Uh, we'll look at the um the imbalance Here, uh, I think that's the way to go. Uh, we'll put this within the chart range here and use this imbalance tool And we use this tool here to zoom for that at chart range From here to current market Okay, now, what is the the volume imbalance? And it's only negative uh point one now if we zoom out a little bit and get rid of some maybe some of that Opening move in here. I'm now I'm going to be kind of curious what it's going to be here Negative three Okay, so it's not much Um, but but the structure here is something we cannot deny So let's see if we get our sellers right now and then the move lower okay, so Yep, here we go and Let's see. Let's get back down into this swing here Where it rejected and came back into the range and look for a test back down there and look at our profile in here as well This is where we're looking for a lot of selling Okay, we're looking for selling to drive it away from all of this here Okay, that is a sure fired way to move it Away from a value area and his value area is what we're looking at here In this in this profile. It's a pretty big value area between kind of 94 and 87 So there's our move and it is on strong volume now. It's moved from 87 down to 84. It's about three points This is just a kind of the threshold That we look at here Okay, if it goes further with strong selling in here, then we're looking for continuation two to three points We have a high probability of it doing it can continue either way basically A lot of times three three points We come back up here and find our buyers and we move back up in the range and this becomes trapped volume in here So we're watching this in here, so More sellers. I mean we got to go with the order flow so far and Yeah, we would look for More selling in here and the continuation into 82 and a half And then maybe 80 and 78 here Okay now our 80 81 level that was here Okay, so this is how we kind of arranging or aligning the order flow On higher time frames With our lower time frames Okay, now what gave us insight in here to that Well, it was we started off with market structure Okay, here's our move And looking for the continuation now Okay, it's pretty strong volume and it's still moving looking for continuation Okay, 82 and a half 80 78 and three quarters here Yeah, I'm looking for the squeeze as well You can already see it did squeeze here a bit or you see a stop run here and here Okay, and icebergs on the other side. So they the icebergs are absorbing that It's about 200 icebergs or so. So it's not a whole lot, but it's not bad Okay, still staying staying with the the short here or the down move here There we go That was a pullback There's our 82 and a half looking for 81 and 80 Up here the top or left corner of the screen or top right corner of the screen that that is the um Um in balance Indicator is with the global plus version So what we did was is we use this chart range a lot here for for many different things As well as time frames time slices, etc But it is showing we can also show book and volume in balance here And we're looking at the volume in balance Guys, there's our move nice move nice continuation. Uh, and Um, that was the uh, kind of uh, uh overall direction we're looking for and it was based on the order flow Well, no, let me pose a question. What was it based on first? Uh, let's see moss in uh, in discord Uh, could that sell or that limit sell liquidity that was filled the other day? Uh be buyers that went long Earlier. Yeah, that they could be yeah, it very much could be um However, like um We don't know, uh, it could be both, you know them getting out, uh, as well as getting back in We we don't know But what we're looking for is something like on the higher time frame. We're looking for this here This move right the move away from an area And that's what we're looking for actually let let's be let's be honest here What we're looking for is okay a move away from this cluster in this area here and we're getting it right now Okay, and this was the the primary uh scenario here and um This is where we noticed it was above the 42 50 That we saw on friday It just kept climbing here and it just it was amazing like all this liquidity getting filled in here all the way up Uh, and we had a retest here at the uh at the open. This is the cash open here Okay on monday, uh, and uh almost down to 42 50 Okay, so now what i'm going to cover here is this area in here And what we don't know Right, we just know that there was a lot of limit sell orders getting filled here. Okay, also yesterday not bad and And we're looking for a test Back down into some of these lower levels here And the overall trade idea Okay, now this is not a trade recommendation Uh, we we we don't do that in here. We we're going to go through Different scenarios and then look for order flow to support those scenarios uh, but the A trade idea would be to Uh look for the trade down to this area Okay, so if you see that momentum starting to come in on the sell side We're looking for the move back down into our first level which was here Okay, and we're seeing a bit of buying come in and we see a little bit of a wick there right now um and The um I don't know if that view helps us much Yeah, it doesn't really So, uh, that that would be the you know the kind of the first move Um, and then the second move down to this kind of 64 ish area here, uh, and then down to 42 50 What I wanted to cover though is that you know looking for this if that is the concept that You know a lot of uh sellers In here getting filled ready for the next leg lower You we could also look for the trade back down to that 42 50 level Okay, that is no different than if for example Uh, we're looking for let's just go through some sort of example. Maybe on the buy side here um on the buy side, let's suppose that uh Yeah, you'd be looking for maybe a move back up to here Uh, and then see if you can get back up above here Or above the where we broke down from just just now Somewhere around in here 87 Okay, but trade back up to 87 So you're kind of it's a counter trend trade, but you're looking for a potential reversal Okay, so does that that makes sense So, I mean this these can be really nice trades because you're already in it Uh, and then you you know, you can take some off up here Uh, and you can look for the breakout a pullback get in again and look for continuation All sorts of different ways to manage it, but that would be the concept So you'd be trading it to that area Okay, and that's what we recognized on friday, uh that uh, you know all of that getting filled in here on the higher time frame Hey, and you would you would trade back down to this area here? All right, so we'll find another example in there to uh to cover that Uh, you already okay, so let's look at book map The question is about different time frames in here in in book map Collin your spot on that was the answer to the question uh structure We looked at the structure first lower highs exactly So, uh, thank you on that. That's exactly what we're looking for guys This is one of the most important elements here to look at in the order flow Okay, and then we're going to look at the trade transactions and the order book within that to give us and then and then also the add-ons Uh, you know stops icebergs, you know, maybe profile. Maybe uh, look at apple or amazon or you know, whatever it might be Um or some sort of other indicator in here to support that idea So, uh, let let's even we'll take the volume dots off for a moment the heat map off for a moment and look at our structure And let me get rid of the lines in here for now Okay lower high lower high lower slightly lower lower equal lower low lower low break Retest back to kind of where it broke from continuation This little area in here is is is what uh, it can be tricky Okay, is it a false breakdown does does it get back up above here? And then you see buyers come in and then back up into maybe this area All right when we look for Heavy liquidity on the offer here or maybe none, but no buying in here Very very little buying And then we're looking for selling to come in and and drive it back down to here For the uh, for the first move now that that's actually actually what is very similar to what we were just talking about on the higher time For him that moved down to 42 50. This is the same idea Okay, so we're we're looking for this pullback A move back down here takes them off hold Okay, so we're just looking for the move down to here if There's sellers here. So let's add the volume dots. We'll keep the drawings on there for a moment Okay, and uh, yeah that that kind of suits us pretty well here selling Not much buying selling A little more buying, but they didn't really break the structure here And the sell it you can look for the selling back down to here and then hold and look for the continuation Okay, and look at the retest back to this area here And then buyers coming right back to to retest it again now And then they may break this And we might come back up into here Okay, but we're gonna go with the trend until we see something different And that something different might be unfolding here. I mean the buying is starting to pick up And also that kind of a higher low in here and in a slightly higher high in here We've been covering this for years All right market structure is in imperative Uh, and now we're looking for the order flow within it Okay, buying's pretty strong Okay, can they come can they come up into this area here? Well, we're just about there Yeah, it's pretty strong Okay, this is where that selling began though And let's look at the bigger picture now Look at the selling look at the size of the dots here compared to these in here This is pretty good buying It's starting to pick up a bit Do they have enough though to break all of this selling in here? Okay, so this is really the the kind of acid test right here Sometimes it takes very little volume to get up here, but then is big volume up here to trade it back up into the range Okay, so this is the the the order flow read here with the volume And let's add the order book in here as well Okay, and there's high liquidity in here. They got filled so that's Uh looking pretty good for the sellers Right, so if we get some selling in here Which we're not Then we'd be looking for the move back down to about here to begin with 84 82 and a half And then back down into these lows here Yeah, so uriel um regarding the um Different time frames I already I mean, I don't really use it. Uh, uh that way um For you know, I understand that this is the 930 cash open Okay, so and I know this is all pre-market And that's about it And now I now I want to understand the nuances in here. I know this is 1030, you know, I look at I'm always looking at the timeline down here Okay, and I know this is a half hour That's about it though, and I'm always just zooming in and out really quickly Bookmap handles that very well that zoom so um You know and then starting to understand the order flow Uh within the key levels that we're talking about so market structure So I don't need to look at the time frame. I just need to understand the market structure Uh within like, uh, you know kind of a overall time frame or zone that I'm looking at in here I mean, this is what's critical is is here Right not not uh You know looking at five minutes or something It was critical to understand it it really is it it's this Versus this Okay, so this is our critical area Okay, we were looking for that retest down to here. We got it Uh to 81 was really the kind of level at least we looked at here on the higher time frame Uh, and then It did go down below it uh down to about 78 right Okay, and then look look at the buyers coming right back in Okay, and sellers heavy selling right here. So now let's go through we can go through um You want to see support and resistance areas well it You know, let's just talk more about supply and demand areas. Okay. Well, you know the the demand is down here Okay, and supply is uh up here above. Okay. Well at least, you know the the passive orders That's what we're looking at right and We can zoom out and we can look at The these passive orders on a higher time frame. Well, they're on the bid down in these levels here About 73 or 70. Uh, they're on the offer up around 4300 also somewhat 95 ish area 96 ish area here And then you can see this pretty there's a lot of activity in here So we need to zoom in a little bit okay on a lower time frame and get understanding of the liquidity in here Right now it's it's actually all over the place here They're on the offer. They're on the bid um So not we're not getting too much insight from that at the moment And i'm curious to see now, you know, it's pretty back and forth in here as you guys can see Um, this was a nice strong move away and then here come the buyers back uh There's one more last gas pier or area to check Uh, and that is the high volume node of all of this trading in here Okay, and that would be uh around here Well, we can even put the poc on here Uh and double check it's actually higher and much higher Okay up here Well, that makes sense. It is a little bit higher Okay, well, I'm looking at this one anyway. Um Uh 91 and a quarter as being kind of high volume node this one's a here's another one Which we're just kind of testing right now He said it doesn't have to go all the way back to poc Just a high volume node where there's just a lot of transactions here talking again about value Value areas Okay, and we also have our trend line in here and look at the trend line traders come in On the sell side here. All right right in here Oh, you really want to zoom in and look at 10 points in here Well, yeah, I mean we can do that no problem We can even bump up the heat map settings If you really want to look at all the details in here You know So here you go Like see these little areas in here those nuances in the heat map We wouldn't see unless we kind of bump up the heat map Okay, now you'd be really scalping in here looking at some of this stuff But you can very successfully do this They were kind of in between high liquidity here At with a slant to the upside So, you know see the the buyers kind of kind of came and let's see if they transact here If they do it at this 88, we should get the move into 89 88 and a quarter. We should get the move to 89. There it is Okay, so now we can cover this concept why we thought that would happen and it's very simple We weren't transacting uh up here early here. You can see very little And then we weren't here, but if we do We should get the move up into higher liquidity Okay, and we did so we were looking for that little quick pop up into there Okay, and that what we just covered here is no different than what we look at On these higher time frames the same concept the same idea Okay market structure Boy, even market structure is just being tested again and again in here Uh this swing here Did it break it was maybe slightly So around 4290 Yeah, just testing now Okay, I'm going to go back to our default settings here Let's see The question what what do you it it is it's hard to kind of decipher these last several webinars um We were looking for the We're always looking for that bigger move and the trending move Uh to unfold uh and and try to get some insight from it Now we can obviously drill down the lower time frames and see it, but um, it's always nicer to see it on the higher time frame and We saw this break down, but we're right back in the middle of the range now But again Recall like if you if we can't get buyers back up around this 91 ish level Which will probably turn into the point of control um If we don't get them up here then sellers, you know, they basically remain in control here, uh, and At least by volume profile standards So, you know, then we look for the um the move back down to kind of or at least explore down into like 84 85 something like that Because we broke we broke down the structure here and we've retested back to the high volume node more or less Okay, so if it can accept up here back in value area, we're looking for those sellers to drive it away again at least back down and at least Uh, kind of test the lower areas here doesn't have to test all the way down here But at least test down to here kind of 84 Uh to 85 level And again, I mean that that's another potential trade opportunity Okay, based on that concept And now let's look at the order flow now order flow wise. I don't like it I mean this this did transact up here That's good We are finding some sellers. That's good. We see lower liquidity here Uh on the offer and then on the bid A bit of a pullback All right. Well, then, you know, if if that's what you're going for now I don't see it really in the order flow There's there's not too much in the order flow here, but just structurally then this would be your cell Okay, now that's not a trade recommendation. We're just going over structure here Okay, but just trying to make sense of it If we take the volume dots off Uh, and um We can even take the heat map off and talk about the structure So now see how that did turn into point of control now Okay, so the developing point of control is now it it turned down to 88 Okay, well, then we got to see sellers move it away from that 88 level here and it actually got above the Developing point of control up here So if if you're bearish then like again, this this would be your kind of pullback area and then looking for Well first down to the bottom of the range 86 and a half and then Down into these lower levels here or well at bottom of this kind of uh, Profile in here 84 84 85 See how this kind of changes the dynamic a bit here with that new point of control All right, let's see if we get our sellers in here to drive it away And Let's look at the heat map too NQ was easier. Yeah. Yeah, probably. Um Looking for our sellers here Right on this bottom, uh Of this kind of range here and then looking for them to extend it right and You know, we we're back to point of control here buyers took it right back Not above it though not above it Still below it. Okay, if we auction down here We'd be looking for the move Here we go Now let's see sellers And let's see you trap these buyers and let's see the move maybe down into our kind of 85 level here The cookies down at 84 and three quarters And you can see it's moving pretty pretty quickly where you get these quick jabs like that Now they pulled here at that 84 and three quarters Okay, this is actually playing out pretty nicely as an example of exactly this concept. We're talking about Okay, there's our move into 85 All right, but it's and I just want to get that point across about the concept Um Any questions on that is is that clear of what we were we just kind of covered? On this move, um That structurally it was being tested this swing here and they actually did get above it buyers did get above it Hey, but you know now now we're looking for that move, you know kind of bottom Now it's coming down further Back down into here and then I would anticipate some buyers down here and to remove it back probably Two point of control or at least back up to about 86 and a half or 87 here And they're already doing it But you know, we're looking for a pullback here and they're these buyers are going to test it back up into here Is there any any more buyers interested? Okay, can can buyers bring it back up above 88 that's going to be a big question here And again, you know, if you're looking for that it's pretty thin down here in the profile If you're looking for that you can trade it back up to the point of control or at least the bottom of the Of the structure in here as you can see there's just so many different trade ideas in here And you know, this is where it comes down to what you've studied what edge you have We'll have some workshops on that And oh you want to look at zn, okay You've been very very consistent with that we we can take a look at at the nodes here But let me just cover this here because we're we're talking about different trade ideas in here, but And there are many However, what matters the most is that you have You know, you have an edge Well, you know, we'll have j trader tomorrow where he knows he has an edge On his setups. He's studied them To the nth degree for years He has data on them. He knows exactly what he's looking for and he's trading it And if it doesn't go his way, what does he do? He cuts the trade. He looks for the next one and he doesn't let it bother him Uh And he knows that it's going to work out One of them is going to work out Uh, or maybe I'll have, you know, a few losing trades or Maybe even a losing day, but on the overall he knows he has an edge Okay, so that's what's really important to to uh create What we're talking about is many different ideas in here and we're just reading the order flow And that's why this isn't a trade room here Okay, so here here's that move right back to point of control All right, let's take a look at those bonds or notes And no no questions in uh in discord Let me know guys Um, I do like the correlations here uh in um, I mean looking at the uh interest rate products I think it's fantastic. These are super deep, uh markets as you can see You know, let's just look at best bid and offer Well, you know, here's 200 300 that's more than the s and p has like, uh, you know many ticks away One tick further we have like 1200 1400 So, you know lots and lots of liquidity in here Uh, not seeing much right now. I mean nice move to the downside Uh, it's it's still bearish Structurally, so yeah, I'm not really what else to tell you that's all I see right now Col coloration or correlation between s and p. Okay correlation between s and p and Nvidia Well, it might be better to do a correlation between that and nasdaq, but Uh, s and p will work can work as well Um All right. Well, let's just zoom out here Or a little bit Yeah, even though we said we kind of came back in the range here. We're still still negative here Or looking for More selling Just due to the market structure Nvidia Looks pretty similar A little more bullish. You can see it came back up here and Traded above it a bit and now back down into this this area here buyers starting to show up here Around this 86 85 is it 25? Or 86 25 Yeah 30 86 30 Not seeing much Okay, it looks like they're gonna go for that 86 30 liquidity and it is transacting Okay, and more sellers. All right, let's see them get down to 86 and let's look at our s and p Okay, they're still kind of holding higher here Boy pretty boring session to be honest. Um, at least we're covering some good stuff. I think, um Lots of different trade ideas But again, we didn't really see anything special here, uh in the order flow Guys, if you if you like this video, uh, yeah, give us a thumbs up there. Give us a like. Um, we're trying to I mean we gauge that We look for that And we're looking for You know what what what is it you guys Like what is it that uh, uh, you know resonates And try to, uh Meet meet whatever it is that uh, you know, you need Trying to add in different stocks. Um, you know, not just the s and p trying to add in You know different ways of trading different methodologies, etc Thanks, Daniel Ah, Jay, you love what I'm doing with the s and p. Okay. That's great Trying to keep it really simple really simple here Uh, and um You know just looking at very simple structure Okay, we've been doing it for years, but just keeping it simple is the best way And now what we can talk about though like the market structure You know what the way the education our educational, um course is developed here Is off of the market mechanics and micro structure Uh the um understanding just the smallest minute binary trade in here And I'm you know, I'm convinced that all of this is the same on this time frame As it is on This time frame here on the daily or even the monthly chart It is the same stuff. There's just a lot more data and information in here Okay, but the same things are unfolding here at these very very low time frames Okay, back up to a range here Back up above looking for buyers up here if we get buyers up here, we'll get the pop into 89 This might there they go looking for 90. Okay, let's see if we can get to 90 here Okay, or is this can be a false breakout? I don't know. I kind of I'm going with the buyers here They're pulling here. They're adding on the bit a little bit. There they go now. Let's get more buyers in here And let's get up into 90 now. See how this and we're at point of control here This little micro move here can turn into a much bigger move Do are we still do we get buyers up? Yes, we did. Okay, great. We should get the move to 90 here We'd be looking for it. That would be the primary scenario Okay, there it is boom you cover A low time frame a small target Right higher time frame a bigger target Okay, so this would be a pullback Maybe you're a pullback trader on the higher time frame you get in down here Then you'd be looking for the move back up to the swing here The swing here is no different than what we were kind of looking at at this swing on the lower time frame And then we're looking for the auction here on the on the offer Looking for buyers to lift it and they did Okay, so this here Is encapsulated On the much higher time frames Right pretty simple stuff It's just it's understanding what makes the market move in here and this gave us some insight There was a there was a skew here on the off on the bid here on the offer They're pulling is started auction here by buyers and we're looking for the move to 90 That was it Okay, now you can see the battle unfold here at the point of control We're below and then we cover this as well on the higher on the higher time frame We're looking for that move up into here Now look at them pull it away from there and this could be trapped volume in here And then we're looking for sellers now And we're not we're not getting anything like it so buyers are coming right back in Looks like looks like buyers are trying they're going to hold it so looking for again 90 here Let's see if we can get it. I don't I don't see anything on the on the bid here though I'd love to see that so this is less probable Okay Hey, but yeah 90 and then now if we get 90 and then that skew in the auction here I'd love to see these guys at 90 and a half pull that liquidity and they're not And then maybe we can get higher because we're above that point of control now Now we want to see if buyers can move it away from it Okay, now that we're above it. We're looking for it now again. It's pretty dark here So, you know sellers can come right in and move it right back down here And so it's basically top of the range and You know, we've got to go with the flow. I mean the the aggressors are still there's their auction up there So looking for it to go higher, but uh, we just don't have all the pieces here. It's just not as high probability And there we go Is it there we go nice now now they've kind of flipped on on 90 here see the flip of the order book from offer to bid Guys, if you can understand these moves here on these very low time frames and that's what these webinars are for Uh, then this can be extrapolated to the higher time frames Okay, there we go. Look at look at the skew on the on the uh on the bid there Okay, I'm finding buyers Buyers are moving it away looking for 95 or 96 level. We talked about that early on In the webinar. This is strong buying now Okay, let's see if they Looking for buyers to test it up to here 95 is a good area 96 a little less likely, but the swing is up here and this is strong buying So I am looking for them to move it and test up into here So 95 first 96 second and then maybe even like a 4,300 The figure up here Okay, strong buying see the distinction Moving it away from point of control here Okay, we saw it on the low time frame And now we're extrapolating it to the higher time frame Okay, we're at 95 already. Look at the bid finding buyers Still looking for higher. All right, let's see uh Orion, thank you Yeah, guys see see how like the now these these moves are so much easier to read Um Because this is what this is the scenario we're looking for You know up into here Okay, it just got up there Did it did it trade didn't you didn't trade 96 is yet? Okay, but you know, this is this is one of the reasons why I I like to take off some of my uh Size up here front running it because boy, how many times have I seen it? You know, it comes back up into here Uh, it will Transact just shy of it and then come all the way back down and retest where it came from Right and I'm just a few ticks away I just it turns my stomach. It's not for me. I like to get out a little bit early Okay, sometimes I kick myself But uh, overall it's what I like You guys will have to find out what what works best for you It's not a cop out not trying to be uh, uh, say, um, or you know That yeah, you know always front run or or or We don't know if it's going to go higher or not, but I can we can take some off here at a higher probability area And it fits my style Maybe it'll fit yours. Maybe it doesn't Okay, so let's see here. Oh boy a question was Last two highs rejected from the evwap Are you still watching it as possible? Uh, yeah, so well here here we go, right? Uh, and um Yeah, this is this is this is strong here. Okay. This is the strong move we're looking for And see how you can trade this is what we're talking about earlier as well as a trade idea Not a recommendation, but a trade idea to trade it to the edge here Okay to just in in front of 96 Okay, because of the market structure And then see You know, are you still bullish? Are you looking for a pullback? Okay, they're on the bid here Do we see sellers traded back into the range? Not yet Hey, they got did they get filled on the way up? Yeah, they're getting filled in here This is gonna be a microcosm of maybe what we saw on On friday if they're getting filled up in here And now we we need to see a lot get filled, right? And And then you'll see kind of a shift in the order flow here Okay, look sellers starting to come in on the offer Okay lack of buying And now we don't know yet It's it's just way too tight of a range here, but we're looking for sellers here lack of buying here Now the auction in here Now this is micro composite when we look at these low time frames Okay, when we start to refer to micro composite as some of these little areas in here, it's not really true um, you know, if you want to be, um Festivious about your definitions Okay, so, uh, yeah, and and now in this auction here see others buyers above it now great. Okay. Well now we're looking for 99 and 4300 but in this auction in here. We're trying to read it Look at the profile Okay in the middle here. What about the edges? Okay, and again doesn't have to be a profile We can do we don't need to have a profile to understand this. We're looking at the edges. Where is it auctioning? What's the liquidity look like? Okay, what's the reaction to that liquidity? Hey, well the reaction to that liquidity that came in here is it was muted There wasn't you know, it went down a little bit here and auctioned a little bit down here Okay, and we'd be looking forward to auction our lack of trading here and then sellers here And then if we got more sellers here at 96 and a half we would likely break it back down lower Okay, we didn't we got the opposite scenario here. It started to auction up here Okay, where it's very thinly traded at the moment Okay, and this very small time frame, but then it starts to trade Okay, great. We see even more here We're looking for a raise up into Here and here. Okay, because that's where the liquidity is now. There's another way another thing to look at in here And for you guys that love your Measured moves We look for the same measured move And let's just kind of cheat it a little bit Okay, and that's why I I drop these these boxes here Okay, we're looking for the move. Okay, so maybe not maybe it won't make it to 99 But it we'd be looking for a test of this 9850 Okay, I did that and then some Okay, it's already it's traded to the figure already already Okay, now We saw that we saw that move unfold and why as well And we also knew This is really strong buying here. This is exactly what we look for right, so, you know, look we talked about it a million times like In I kind of hate to say that Um, but when we find the strong move Take some off of the top of the range as just kind of a safety Hey, but we're still in it and we're still looking for the continuation here Okay, because we know that the this is the strong move Uh away from The value area is re kind of Establishing a value area This is typically how that unfolds Precisely like this. This is the very very typical. It is the strong volume moving it away from that area Okay There's many different scenarios to look at also in this move It doesn't have to be strong from the very bottom here Maybe it just kind of trickles on up into the top of the range and then you get the strong volume Okay, but you're looking for the strong volume Uh commitment here Okay, and that is the typical move Okay, so Anyway, uh look for it again and again All right, so um, anyway, you're up at 4,300 the figure just above it Uh now we need to you know look here today at the ranges So let's go back here now our primary scenario was looking for sellers in here To drive it down to 81 And then the next level would have been down here at Uh 64 and then you know trade on down into 42 50 Well, we saw an order flow change in here and it was a bounce off of our range here And that's why we looked at the range first So we we set around 82 or 81 As being the first first area for sellers to try to trade it down to Okay, so we got that Uh, and then we're watching the order flow in here Okay, and just kind of recapping now We're watching the order flow in here Uh, we talked about market structure quite a bit Okay, looking for that move lower look at the sellers come in they did Uh, and then we're looking for um, well, we saw the buying starting to come back in What and we're looking for back to here Back to uh this kind of 85 86 level or even even the swing here Uh, it came up a bit higher. Uh, and then Then let's see, um Back up to this swing here back in the middle of the range. That's when we we we had our um started to draw in You know looking at structure again higher lows or lower highs lower lows, etc Okay, well still it it tested above it here. Uh, just slightly Uh pretty strong volume on the buy side, but uh, it has not proven itself. It just tested up here Okay, and that pulled all the way back down here Yeah, but we were really watching it in here closely We were watching this volume node in here before it turned into the to uh point of control Okay, and again, like you know, this is why like just understand the concepts in here Uh, even for even if you're looking at your volume profile, uh, or you know point of control or you know return back to value Uh, because what you're looking for Is it it's just kind of an area in general This was already uh pretty developed. It was pretty close to being point of control so We're looking for the move back to that and we kind of marked it up and then we were looking to see if like Was it going to be above it or below it and then it turned into point of control Got it. I got rid of the line in here, but I forget where it was But was were they trading above it? Were they trading below it? Uh, etc trying to drive it away And then we saw this auction in the very small time frame Right in here Okay for that small pop And then we saw this one in here Uh, and we we mentioned that these small things can turn into big ones And this one did and that's when you want to really You don't want to miss those You want to look for that and this distinction in here is precisely what we're looking for Okay, is that clear? Do you guys under is there any questions on that understanding this this move here this this volume in here? We didn't even get a pull back in here Not really It's pulling back now But the very slight in here it just kept going And this is why like, you know part of part of the The way that uh, I like to trade is I like to look for these Uh, get in on them and ride it Take some off and try to hold it Uh, instead of looking for you know the retest back down here You know, uh It's just uh, it's something that just drives me nuts. So I have to tailor my trade management, uh for that All right, whereas other traders like they're not in it They look for the pullback Then they get in All right, whereas I would be looking for top of the range and some of these areas take some off Uh, and then uh, uh, if it's a pullback and it gives me another opportunity get back in and look for the continuation Uh, let's see Kevin for profit taking goals. Are you looking for, um Hard take profit like 50 cents. No, I'm looking at ranges key levels Yeah, and it doesn't matter on what time frame so Yeah, that that that answers that question. Um, you want to take a look at bitcoin? Uh, quickly sure Yeah, this is bitcoin futures, uh from binance futures is usd usdt tether um, here's the move lower Boy, it's just it's not showing that strength at all This is that little pop in here and it is above this kind of area in here, but It's not much just not much to speak of here. Oh fsr. Okay, uh dx feed Sr. Oh, yeah fisker. This is the guy who Try to rip off tesla Right car manufacturer. They'll have that right. It's been some years They use a designer Uh, not seeing much in here I don't have a lot of data in here either You look at a little bit more Okay. Yeah, that is correct aryan I'm surprised he's they're still in business. I I didn't know if uh I haven't seen too many fiscard cars out there. Um All right. Well, yeah is sellers certainly in control See this area here. It has it happens to be nine dollars But look at the sellers trade into and through and then here's our retest same same concepts retest And then looking for our sellers to come in Let's just make our volume dots bigger Uh, yeah, here's our retest Here's where the sellers came in and we can look at this, you know auction in this range in here again Try to you know kind of review of what we were just covering On that low time frame well Not too many buyers not too many sellers in here not getting too much out of it Okay, but once uh once we start to auction down here the sellers and you can see lower highs in here And also no trading in here Boom sellers a little bit more boom looking for 890 Uh or bottom of the range here, but I would go with 890 and then look to hold down to uh next levels High 85 and then uh 8 uh 880 All right same same concepts Okay, so that's a good review Uh of what we're talking about the yeah, so uh, all right. Let's kind of uh Recap here so Very choppy looking for the move down on the higher time frame. Okay, and we still we're still looking for that Uh potential move on the higher time frame down to the 42 50 Okay, but we're just keeping that in the back of our minds until we see that selling come in Uh, as you guys can see there's a pretty big stop run to the upside From about 500 on up to about 2,500 Pretty big uh and look at the buying in here Consistent and strong and a strong move This is this is uh, these are easy moves I I think Once we start to see that, you know, you you look to get you look to jump in on that and and ride it And look for that distinction And yeah, there you go So this is one way to look at the order flow and we talked about it in in detail about You know all of this in here and then getting them and moving away from it And and then continuation All right and yeah, so Yeah, we talked about value areas. We talked basically though again it all I don't want to veer or talk too much about volume profile I do what I really like about the volume profile is is the understanding of the value the Are these areas in here where and we looked right at it here around that 88 level? Uh, and um And and point of control is still there Okay, so And then that was a good good discussion About this area in here And then who's going to take control we look for a retest to it And then the continuation to the downside typically but we started to read it in here And we saw the buyers come in we're looking for that move back up into here and it's still going Okay, it's still going higher here and there's nothing really in here to tell us anything differently Okay, yeah, some selling came in here, but they're on the bid Uh, and we rotate back up And we we get our buyers again same idea same concepts in here see them come in here above this swing See them come in above this swing. Here's your pullback trade right here And then look for a move back up to the top of the range at o2 And then try to hold for a continuation is one way to look at this All right Okay, and All right with any just one more last question here Uh, yeah, if you guys can hit the like button that would be much appreciated Uh, and is this the kind of session you're looking for? Hey, is there something else that you'd like us to cover like what would you rather see would you rather see more on More on volume profile more on price structure More on stocks Okay, or maybe there's something else. Uh, maybe that micro structural or kind of um You know, that's our Originally our education was that we we went on those very low time frames and extrapolated the higher time frames And and that was the concept I'm a firm believer in it. It's the same stuff over and again over and over so We look for it. Let's see. You're having totally your poc line, uh, rob Look for it. See if you have any. Yeah, you have any resets in there. Um, that's probably what what's causing the issue And yeah, so right click in here and then go to your reset area here and then go to configure or reset configurations And make sure you have nothing Checked in here Okay, or you know, maybe you have it checked for the session start Okay, which you will have to define You know by clicking here. Okay, so anyway You know another thing you you can do rob to to overcome that is you can um Right click in here duplicate the column Uh, and then do one with a reset and one without All right, so because you can have multiple points of control in here because it's column based and you can have multiple columns Okay, so maybe test it that way Okay, thanks. I'm so bad so uh No, uh, no additional requests at this time, but you will think about it Okay Hero indicator, okay guys are options traders looking for more of that. Uh, yeah, we'll have um, I'm uh, dug Uh dug up. I'm actually going to reach out to you shortly. Uh, and um We're going to have an options, um Pro trader webinar series in mid-september Uh, so look forward to that Uh, we'll have a brent, uh, kachuba Uh, hopefully I hope he's around. I got to reach out to him Uh, and we'll have a whole session on options. That's the goal at least at this time Okay, dug. Uh, excellent. Um, all right guys, well, uh, yeah, thanks. Thanks for coming everybody and uh, we will catch up with you tomorrow Uh with uh j trader At uh at 10 a.m Okay, thank you. Take care. Bye. Bye