 Good morning traders and welcome to the all markets webinar. This is Bruce at book map Good morning trade. So In this webinar here, we go through Any market that you want to look at that book map can connect to and we'll look at the order flow And order flow high time frames low time frames doesn't matter Whatever it is that you guys are looking for We'll just request it and we'll take a look So my name is Bruce. I'll be your host on every Monday Tuesday and Friday for this webinar It's at 10 a.m. East Coast time and We are gonna just You know go through the the markets here all markets. There's no one else's that's doing all markets However, we have in our learning center and our economic Or I'm sorry our events calendar. Let me show you where that is Go to book map.com Click on the more button here and then go to our learning center. Hey, this is the hub here for the events and all sorts of great Content here on book map and order flow. Alright, so you can get connected. There's the getting started here There's a market mechanics course if you're new to book map these two courses here will be essential and and then You know go through that and then click on the link here to scroll down the page to join free live events We have events all day long. We have all sorts of streamers in here as you can see and we're adding more all the time And then you can see the live events in here. Alright, so Here's Friday. Here's the all markets webinar earlier today. We had Moby He's a futures trader from Western Australia, but he's going through the kind of the Extended hours trading session and then coming into the New York session earlier. We had on shul excellent work over in the book map India market and then later We'll have Paco With Brazilian futures and right after this is right after the all markets webinar here And then we have Tom Tom B. He's looking at US futures and he's a volume profile trader After that we have Spanglish trades with Frank Moreno Great stuff with stocks and futures and then options with Doug and then round it out with the Alago boys here from 230 to 4 Please go check some of these out in our discord as well as our YouTube There's a lot of stuff in here and we're really happy to offer this to you. Okay, so Anyway, you can reach out to me at book Bruce at book map on our discord channel And then my Twitter handle or X handle or whatever it is now at flow order 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 necessarily indicative of I'm sorry, let me read that again. I I know this like in my sleep So and I just messed it up risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors past performances not necessarily indicative of future results All right, so let's jump in here. Let's take a look at these markets. Good morning, everybody. Good morning slowdown sloth Rob and Stan All right, that's over on our discord channel someone requested earlier that I You know before the open 930 cash open which had just 929 I slipped it in Was kind of the overall, you know big picture here Where the market might be going? All right, so I put it in and Here here it is here. I and I just want to we're gonna look at the bigger picture That's and I just want to get into why I said this here Which a lot of you I'm sure we're we're thinking as well Anyway at the open after yesterday's big sell-off due to fundamentals with the Japanese or Bank of Japan and They're kind of yield curve Maybe a certain a titan on that a bit We saw a pretty big sell-off after the market had gapped higher and then continued to sell off and then really that after that event that fundamental event the market really sold off it sold off pretty hard and That's what the market thought of it right at the moment it kind of rattled the cage a little bit And now we have the market coming right back up. Okay on the overnight, right? So therefore I am looking to see if at the open we can get some momentum up into 4600 and then maybe to 4608 or so It's an it's an inside day So we're really anticipating quite a quite a bit of chop in here Especially after the fundamental news yesterday. All right, so let's take a look at what happened here at the open All right, so here's our cash open And we initially kind of went to the upside High liquidity here at 4600 it never transacted. Okay came close to it. The market returned around look at the order flow in here You can see that a pretty pretty big Deep book here at several levels below the swing high here In the price action We saw a lot of sellers come in and they just drove it right back down into the 4590 liquidity here now this I have to say this just kind of Burks me here about the the VWAP the VWAP actually does line up with a little bit of liquidity here and a couple of swings here So I do like that here, but I just I'm not a VWAP trader I haven't studied it if you guys have studied it great However, it's just a line on a chart to me. All right, so I'm just going to take it off I look at liquidity and swings. All right, so And we want to understand the order flow is the orders and the behavior of the traders that Determine the price movement and action. Okay, if they are trading off of VWAP, then we will look at it Right now we know more trading off of that than moving averages, etc Is one line? So, you know, that does make some sense. However Does it line up with order flow? If it does great if it doesn't well You can see what happened here. It went right through it into high liquidity here And that's where we got the bounce. Okay, so I'm not trying to You know Say that the VWAP is not valid. Just line it up with liquidity and you have something really strong. Okay so Anyway the move from 4590 on up Was pretty strong volume in here. Okay, very strong volume a pullback and very strong volume 4600 still strong bit of a pullback here just to this swing And then we just went up into 4042 or 45 Yes, I'm back and forth in here, but it made it up to about 46. All right, so And we you can see still high liquidity up here 4748 40 I'm sorry 460789 and 10 up here. All right, so yeah until we see something different here We're looking for a price to continue to kind of grind up into here Right now book is pretty strong on the offer right now, let's just take a step back here and We may get a big break here of this trend line or this uptrend here right so But we don't see the volume yet Right, so buyers still still moving the market Anyway big big picture and and here's our Daily bars over here. Okay, you can see it's just beautiful stuff on this This daily chart and this range up here for the past several days Let me just widen this out a little bit Go be a little bit easier to read Okay, so we gapped up here. You can see this on the Fifteen minute of their hourly, I'll show you that in a minute and then it sold off at the open Okay, after the big gap up everyone took some profit sellers came in drove it down to the middle here You know kind of middle of the range or maybe your point of control, you know An area where most traders are transacting right so You can understand like how that has a lot more value than a VWAP for example Because it's transactions. It is trader behavior a VWAP is just a moving average of those transactions right so If people are looking at it then that makes sense, but if you know we know that if it's a V poc or You know point of control it just means that there's a lot of transactions there and that that's fact Right. So anyway, what we did is that after that news from? Japan Bank of Japan we come down and we spike just below the swing of these three days here, okay? And then it rejected right pretty strong rejection At these lows here pretty strong rejection actually at the top here as well, but that's also some fundamental news All right, and look at the move right back up. Okay above the close here And this is why we I saw this in the pre-market that there was some momentum here and rejection here therefore And I and I also saw in the order flow that we had you know It was it was pretty bullish in here as you can see that the move move higher here So what we're looking for is continue momentum up into these areas And the area to take a look at here would be the swing up here would be the first target which is Somewhere around the you know that six to ten level here and then the 4,600 figure was right here at the Open it looks like of yesterday's candle All right, so does this make sense for you guys any questions on this and just a bigger picture analysis morning hedge fund and Anyone else over there? Have any questions on this okay bigger picture stuff is really important to cover Right is it'll make things it'll make life a lot easier in your trading a lot less frustrating right, so anyway You know we try to cover the big picture, but we you know we're here for the order flow so anyway Yeah, I'm still looking for this to test up to here Maybe you can spike just above it a little bit, but again remember this is an inside day Hey, here's our open here on the hourly and are open on the 15 minute here on the right-hand side Okay, so That's why we're looking for the move up into this area here Which we know like on the hourly in here There's gonna be a lot of volume transacting in these areas here So just a test up to here and then we'll see what the market What traders think? All right, so we're just looking for that though And that's it. That's our analysis so far When we get up here we can You know look for a Potential sell-off We'll look for it and if we do see it we can come right back down into testing Some are probably around 4,600 to begin with and then maybe the swing low here for today, which is 45 40 Is that right? Yeah 45 45 90. Sorry and then we have a huge gap here Okay, huge gap down at 46 a 45 67 All right, so maybe Later in the day, we'll see if this rejects up here. It comes back down retest the swing low Maybe we can get some gap fill in here All right, so Just laying out some scenarios in here But it is the behavior of the traders and the order flow that's gonna tell us right Okay, so let's see we can get rid of this trend line here Oops, okay And Yeah, here come our buyers They trading up into making a new high here pretty good momentum Yeah, you know, I don't really like it too much to be honest here Yeah, we're still looking for this to come up into these levels here But what do we what do we don't have? What don't we have here on our side? What do you guys think? Okay, we got the you know the buyers up here There's a couple. There's a there's it's not just one answer. It's starting to look a little bit better here Starting to look a little bit better and why is it looking better? No sellers Like rejection. Um, no, I'm starting to see some buyers here. I like that. I'm looking here. We go It's the order book. We want the order book on our side Okay, here's our order book and balance here liquidity at 05 And that you can see underneath there see how it's kind of bluish underneath you can see 142 145 146 1 or almost 200 here at 03 and we have 250 up here Okay, there's our there's our book and balance and see how they're pulling up here as well So this is looking good Now we and we have some aggressors in here and now they're kind of playing with it You know, you can see that does someone just came in with 250 here Just at the swing near the swing here So we're reading this in balance here and then now this guy's pulling so, you know these traders in here We're looking at How what is the demand or the supply up in these areas in here? And trying to kind of gauge it now, you know a lot of traders what they'll do Is a test this with their liquidity throw some supply in here. How does the market react throw some demand in here? How does the market react? Okay, we know that there's buyers. We know we're an uptrend we're looking for some Demand at a higher level. We started to get it here, but our aggressors here started to bail on it and We come back down and we trade into Their liquidity in here here and then they kind of pulled in here. So they did not they did not transact in here And that kind of muddies the picture However, we're still bullish here still bullish Okay, overall we're looking for the book in balance it still shows an imbalance here So we're looking for it to trade up into 07 and 08 here Right just based off of the things that we just covered Okay, and This this helps us. This is what gives us some insight here Okay, now, how is the market reacting to this here? Okay, well some sellers are coming down and then they're gonna test this it looks like they want it They want to test this liquidity here at oh 04 and a half and then 04 here All right So let's take let's take a look at our our price action and our ranges in here, too Okay, so we know there's some interest in here now here come some aggressors at the low at this little swing low here So maybe they can maybe they can get it down to 03 Still looking for more in balance here In the order book and it's pretty dark in here. All right. We're getting our aggressors. That's good Okay, now looking for a big imbalance up here now. I like this it auctioned up here. It's auctioning here again It's not it has not failed yet an order book and balance up here would be fantastic We're starting to see a battle unfold here. High liquidity just traded So we did we found some sellers, but the the buyers came in and traded into them Okay, so yep still looking for this to go higher looking for 08 here Okay, now the reason being it we're not getting too much of a book and balance here Hey, but we know here. It's this here that we saw right this high liquidity here, which was 190 Contracts here transacted Hey, they traded into it right there. So we know that there's buying pressure. The question is We found buyers, but are they buying at a higher high now? And yes, they are it was auctioning here before it's auctioning here again Therefore we know there's buying pressure you're looking for it to go higher Okay, we've gotten to 07 and a quarter and We're still looking for it to go higher. Hey buyers even traded into these guys here. However They traded into them Transactions took place now. Did they trade above though? It we're not getting it. We're not getting as much now Above here just a little bit at 07. Hey, but it did auction up here Let's see if it auctions again 07 and then we should get our quick move into 08 Well, you can see what happened. Right? We're looking for our 07 and we didn't get it and then this this behavior in here I just kind of came out of the blue isn't this is a book sweep And we're gonna see a stop run after that And it's a lot of buying and potential trap buyers up here now Here they come again Okay, now the buying looks pretty good here again okay, so Let's see if we get a little bit more up at 06. I'd look I'd look for the same thing that this now We've seen this move so many times That you know, we get this kind of quick move a little bit of a stop run not much of a stop run And then now we're looking for the auction up here again And then the follow the follow through in the breakout Hey, the trend is still intact as you guys can see Okay, a little book and balance here would be great and that liquidity up here at 08 and Not too much at 09 but at 10 Okay, Joe. I think I'm sorry. I didn't you said location. What were we missing location? Well, it was more about the order book and and to give us a you know a bit more to kind of sink our teeth into You know another confluence basically What we're looking for the more kind of confluence we have You know the more likely the follow-through Let's see More liquidity on the bid. Yeah, there you go Stan. Thank you So I I'm sorry a little late with the with the answers here But yeah, yeah, exactly I mean, you know Stan all of the images that you've been posting here just really really great stuff and Yeah, you've you've you know exactly what you're looking for Let's see Rob any idea why you see so much absorption on that MES versus the ES. Let's take a look at this Rob posted this in our discord Guys, I'm still looking for this really quick move to the upside. You know what I'm gonna open up our Market Pulse tool here And we'll hear it so I can cover Rob's question, but we'll probably hear this move to the upside So I'm opening up Market Pulse. I had a great webinar with trader aid yesterday Going over this tool. We're comparing it to the Azdak as well Now be real careful here. This is now we came up here and we we started to auction a bit But let's see. Yeah, I know it couldn't even make a higher high here So this this might be the end of the the line here for for now. Okay, this is you know, we're looking for it earlier I see a lot of selling coming in and I the auction up here Yeah, I mean it did auction up here at this 07 07 and a quarter not too much Therefore, you know that might be it for now We may have to you know come down into like Somewhere around O2 or or the figure down here and then maybe revisit this area, okay? You can see our trend line is breaking And our market pulse tool. That's why I wanted to turn this on because something I knew we knew something was gonna happen here, right? So we're looking for The volume pressure volume pressure imbalance and the price change here This is the one on the three on the top here are for the ES the three on the bottom here are the exact same volume pressure price change and I'm sorry volume pressure Volume pressure and balance and then price change here for the NASDAQ Okay, you can see the little PC here stands for price change and volume pressure and balance Etc. So and we didn't hear it here I didn't have the speaker on at the at the at the moment here, right? so now we're now we're back down in here and That was a pretty strong move looking for another push here by the sellers to hit O2 and Then then the figure basically, but let's take a look at this here and then we'll get to Rob's image Because I get some interesting interesting stuff starting to develop here strong selling all right So we're looking for basically something like this Strong move pull back followed by strong move into 4,600 All right We gave this a chance up here. We're looking for it and then it just it failed auction failed up here Hey, how do you we'll talk about management into something like this and how to how to deal with that? In just a minute Hey, because you don't want to get caught up in these things you want to exit really quickly And even look for the opposite scenario and you can even take advantage of that Okay, so here's our move into 4,600. You can start to hear on maybe YouTube the The move I have very very faint here But yeah, you can see the ES and and Nasdaq starting to pick up here There we go There we go All right now. This is an interesting move here. Look at the volume on the ES. It's both sides This is gonna be a huge stop run And we got it for some volatility in here I'm gonna get rid of the on the chart here. We'll look at the stop runs here. Here's our stop run and And then we had you know exchange of both buyers and sellers in in this little area here Interestingly enough we see a pretty big iceberg here Or about a thousand That's that sold. All right So now After this stop run here, let's take a look at this I'm looking to see if we can get back to that scenario of retesting that high Looking for our green dots in here looking to hear it As well up into 05 and then our 08 9 and 10 possibly Hey, we just you know dumped through here. Everyone's kind of washed out Do we still have buying interest? Okay, what is the order book telling us here? Well, we can see it skewed here on the on the bid That's good. There's kind of a dark area in here though. So we can slosh around a bit But and let's zoom out a little bit more here We'll talk maybe more we were talking last week about volume and balances. So we might talk a bit more about it okay, so Anyway, here's our pullback and we can see our aggressors coming in so let's see if we can get up to 05 I like it. I mean You know look at our relative volume in here Hey heavy selling Hey, some some strong line. This is this is not strong buying here. This is stronger And did we get price movement with it? Yeah, we did so let's see a test up to 05 and Maybe you can pick up some momentum at 05 and then the test up to our 08 and our 10 right Just done going through these scenarios reading the the order flow in here All right, let's get to Rob's image in here. Why did in the question? was And me MES is on the on the right. Why so much absorption? Yeah, I mean Rob I mean this could be some really good insight here. You know why it would be a question to kind of I Mean yeah, yeah, it's great for you posted in here So we have the ES here, and we have the MES over here, okay Yeah, you can't read it too well Well a lot of a lot of liquidity in the order book up here, but there was also in the ES up in here And here's a hundred and nine contracts. I don't know if this It's this your iceberg or is this yeah, this is your iceberg, right? There's your absorption I don't know and Rob, but it really begs the question here about studying or understanding this You know what one leading the other Terms of positioning I Don't really have an answer for you. It's more of like I'm following back with a question That I think you should circle back in and kind of revisit this. This could be a really good strategy for yourself Yeah, so that's as far as I'm gonna take it for now Rob Let's see here RC 74. I I did You can see up above in the chat that at 929 I answered you Saying that the open well you can read it. We covered it earlier. Okay, it's in the recording here Yeah, we did it one one minute before the market opened Let's see slow down a lot of cell ice on the ES likely skewing the CBD Yeah, you'll you'll see that a lot Let's take a look here so guys I mean you can see like our scenarios are playing out pretty nicely now This was some pretty high liquidity here At this 05 but our buying pressure I mean that this is what we're learning that you know from this or taking away that there's buying pressure in here And this is that this is this relationship here that we're reading now We're looking for a lot more buying pressure We don't want to see it just kind of trickle out because then what's gonna happen is it'll come back down to 05 And it might break 05 and trade back down to to the figure down here Okay, or at least like 03 and 02 Hey, so we're still looking for more buying pressure to you know fit this scenario that we outlined earlier here See, let's look at this CBD and Icebergs I like this idea slow down a lot This is an interesting study to take a look at here. Okay, so our icebergs have been I mean look at this You know here's the zero line for me On the icebergs and then look at it's it's been they've been selling You know nothing but selling selling selling Okay, so is that profit-taking or is it you know initiating a new New position or both? This is why it doesn't really matter. We just know there's a lot of selling Right. What about CVD? And how does that fit into the picture? Well? It almost looks like the relationship with stops or something CVD continues to climb higher Okay, so there you know, this is something to take a look at It's interesting stuff The You know cumulative volume Delta the aggressor well, we still see that you know there there it's pretty strong And we see the pullback here And some divergence in here slight divergence You know here's our low, and then here's the low down here, right? So there's some there's more buying in here that then there is selling basically from here to here All right. Well, we got up to the swing and auctions failing again up here So we're rotating back down into this kind of I Was looking for you know another kind of beautiful flag pattern in here was just I Always kind of cringe a bit when I I talk about patterns It's the order flow here that we care about we know that there's a strong impulsive move We know that there's a bit of a pullback, and we know that there's another Impulsive move now. It's not as strong though Right, and we can read that in the transactions up in here okay, so That's when we can look for maybe a skew in the order book or something and and maybe revisit the swing or revisit where it came from down here at 01 and a half market pulse is not included in the lifetime global plan a hedge fund but It is included in the MBO bundle I Can show you that go to bookmark.com and then Go to more button here and go to our marketplace, and we'll just go right to the MBO bundle right here, okay And we're what we wanted to do in here is we're not trying to you know Gouge people we want to continue to develop And You know we are a business, but we want to continue to develop that's our our our main goal here is to develop and to offer tools and we continue to do that and then you know we have all these all these tools, but we want to add the value to the Maybe some of the existing tools right so you're getting it kind of Maybe you're interested in in the MBO bundle so you can see we added trader map pro into it You need to have MBO data to get to the trader map pro features or tools and then we added in here as you can see the Market pulse here you get the volume pressure I'll go Okay, so you know that's that's pretty good So the the price has not changed here from the MBO bundle even though we've added trader map pro and the market pulse All right, so anyway if you are Interested in the MBO bundle and this is something that it's only for futures And it's only for CME group futures, and you have to have rhythmic data Okay, which you can get here on the marketplace to a from rhythmic right here get it as low as 39 bucks a month for just CME For example, it's pretty cheap in terms of data so anyway Yeah, just adding value to it and that answers your question No, the MBO bundle is a monthly price. That's not There's something else that I can show you here though like and a lot of the guys in the Discord you know slowdown stand Rob and others are in the bookmap Academy or junior Academy And I can show you that if you're interested why why would you be interested in it? so let's go to bookmap.com again, okay, and I Don't think we've got it listed in the toolbar All right, we don't so We're just gonna I put it as a task, but we haven't gotten to it yet. Just go to bookmap.com slash Academy All right, and this bookmap Academy here. This is a program that we're offering All right, so if you're interested in this this is what it's a relationship with you and we think this is a win-win thing here you would apply to the bookmap junior Academy and then You'll be creating content to better your trading activity And then we'll take a look at it and for for doing that. We will thank you If you can meet the quotas Quantitative and qualitative quota You'll be invited to the bookmap junior Academy Okay, that's just kind of first you apply then you're invited to the bookmap junior Academy And then if you do a good job in there You will be invited to the bookmap Academy and then you can get bookmap for free If you double your quota, you can also get the MBO bundle or free All right, so the win-win here is you're gonna better your trading by documenting your trades and creating content And you'll also benefit from the community that you're you're sharing this with And you continue to do this and then we we will thank you by giving you access to bookmap for free Okay, this is an onboarding step-by-step process if you do well in the bookmap Academy and you're still Interested in taking this further. We're offering it. You can become a bookmap Academy coach and help out some of the other people from the step one and step two If you do a good job at that you can become a bookmap streamer Academy streamer here Uh, let me just show you this that you know, there's the few of our streamers in here have come from the bookmap Academy So Tom B is one of our bookmap Academy members that became a streamer Moby From Australia here that was on earlier today is also a bookmap Academy member and became a streamer Right. So, you know, we're standing behind it. Oh and Doug. Uh, sorry. Sorry Doug Doug uh, and Doug is is um, he started off in the academy as well and now streams It's who you got three Now, um, one of the things about the bookmap Academy Is um Yeah, we're we're looking for you know people that are are interested in and taking this further So, you know, you've got to you got to show your interest Anyway, I'll put this into the chat for you the bookmap Academy link here If you're interested and you want to apply what you what you need to do is come down here and fill this out and hit apply now Uh, and there's FAQs underneath here. So if you have more questions uh and Now this is just applying All right, and you will apply for a bookmap junior academy Uh, and uh, you will also after you apply here. What you'll need to do is um Jump into our discord channel and Then request a spreadsheet For documenting your trades Hey, or your content All right, so that's the process So sign up here, uh, and then I'll put it into the chat for both discord as well as uh, youtube So sign up here And then request your spreadsheet and your uh, you're off To the races Yeah, no, what dugs content is excellent. Um, I was I wanted a comment on that guys This is very unique Options with dug here. He has a proprietary strategy that he is very generous in sharing Uh, and uh, I really recommend that you check this out All right, you're not going to find this too many other places All right So let's continue on here, uh more questions Okay. Yeah, welcome, uh So hail, um Yeah hedge fund answering your questions there. Uh, let's see Uh, canica Yeah, mbo bundle will work with bonds Yeah Okay, I think we're all caught up uh with questions there All right guys hit the like button, uh, please and It really makes a difference here. Uh, the more that you hit that like button The more of this kind of content we are able to deliver to you Okay, we we need to get some sort of feedback and the like button doesn't cost you anything Just hit the like button and You know The processes and programs that we just covered here Uh This webinar here is What gets the word out? Right. So if you like it, then yeah, please hit that like button And uh, and then yeah, uh, please, uh, you know come and sign up Give this a try You know, it it doesn't cost anything And it's gonna improve your trading. Oh, why wouldn't you do it? I can I can give the backstory to it and how we even came up with this idea It was very innocently developed This whole book map academy thing And we just appreciated other traders creating content and It was because I was running the the twitter account and I didn't have time to create a lot of content And so I was just retweeting people's content because they were doing a good job And I thought this is great. You know, thank you And then therefore we came up with this idea. Well, thank you once you just continue to do what you're doing And we'll give you book map You know, we wanted to show appreciation for it. That's it. That's how it developed Right. Now we've turned it into something else to to onboard You guys into more of a process here, but the It's exactly the same as it was. It's even better. It's there's we're offering more Anyway, take a look And see what you think All right A million smash likes there's a 10 million there. Thanks T Okay, guys, I'm sorry, let's get back to the price action and the order flow in here And what's happening. All right. Well, you can see that the We're looking for that flag pattern here that unfolded and We never got back up to 08 though. Okay. I think is it might be done for now We'll see here, but If it's exhausting out and we don't see a lot of buyers come in here It looks like sellers got control of this market at this point. Okay, so we talk about this all the time You can read it in the the transactions Okay, and then we're going to look for in the order flow. I'll tell you in just a minute But the transactions are simple This is the selling in here. Okay. Look at the buying in here. Okay. Look at the dots Uh and look at the the bars Sellers in here Look at the pullback here. Now. It's 100 pullback You're gonna look maybe a little bit more Uh, and um, uh, there's look at the buying in here Right, so they just can't seem to do it Uh, so sellers come in again sellers remain in control right now Okay selling again in here now They might these on this small move here. We'll look for it here. We'll hear it as well in market polls Uh, can we get buyers back up above right here at 01 and a quarter? Okay, this would be trap volume then Uh, and uh, we're gonna listen to it and we're gonna look for it and look for the move up into the swing here or the liquidity, uh Up in here at like 06 Okay, see how in this move here the sellers are not in control any longer. In fact, they're trapped Does that make sense? You guys understand that we'll we'll see this you'll see this again and again and again. It's just you know An order flow phenomenon here Hey, you also look for a flip of the book, uh as well You look for it like a lot of demand underneath here Uh, and then you want to see some of that supply up in here, uh either Uh buyers either they pull or they're they're gonna transact into it Okay, so we're up at our swing already at 03 and a half. Okay now Uh, let's take a look at it here. Well, look at the book here Uh and the book down here. So maybe we'll get kind of a move back down here just to pull back for now Uh until we see uh a little bit more in here They see how it's dark in here Okay, but we're still we still have some buying interest Yeah, and now they're starting to pull. All right. Well, yeah, we're still looking for this move maybe to know 06 here, but It's just not as likely You know, I mean, uh watch how the the sellers can just move it down here really quickly and we don't want to get caught up in that Right, it's too it's just too risky for my blood Okay, maybe you guys have some other studies or something here But you can see even lowered liquidity here at 05. We're looking for 06 before Okay, so they're starting to you know show some interest and and provide some supply here Yeah, mohammed. Great. You're gonna try the academy Yeah, just remember you got to you got to reach out to me. I got to verify that you signed up and you're interested So you got to request your spreadsheet Uh, I kind of like the process that you got to request it because then I know you're in our discord I know you're interested and then I can provide it for you and Start the start the relationship All right, and there was no way I could actually Automatically send you the spreadsheet. So I was like, all right, well, let's just get them into discord And that'll be the channel for communication in there for the bookmap junior academy applicants All right, so that's that's the process No, uh hedge fund this this mbo bundle um And the bookmap academy all you all you have to do is is continue to create this content uh month after month and we will continue to um Give you the coupon code to get book map for free and then if you double the the Your quantity then you get mbo bundle as well for free So you just continue to do it month after month Right, but and you know, we're looking for like I said, it's it's quantitative and qualitative Uh content I mean come into discord and ask some of the guys ask stan ask slowdown Ask ask jack some of these guys There's another route to to uh to to the bookmap academy if you don't want to sign up via the academy That page The the other route is through the um here. Let me show you Is through the the blue jacket. It's mentioned in that page. Okay, but if you go to the blue jacket, um competition And where is it? I know it's in here Community it's under community. I don't see it It's got to be in here. I know it's in here. Um All right. Well, anyway, uh, let me put this into the chat for you It's just bookmap.com slash blue jacket Uh, and it's a competition. Uh, you create content and and you can win Okay, so if you want if you're a winner Uh for this Then you'll automatically be uh invited to bookmap junior academy Right, that's it. So here here's the blue jacket Uh, and let me put that into the chat for You can do both at the same time. Why not? You can sign up for both I mean, you're creating the content anyway. So you might as well So you're asking for a purchase a discount on on the Uh on bookmap hedge fund. Uh, no, we don't have any discounts at the moment Yeah, no, we can look at so hail. We can uh look at the es or nasdaq whatever you guys want We can look at some stocks too Okay, it looks like we're kind of really entering into our chop fest here that we're kind of looking for um So Well, I mean Look You can look at the uh, what what was mentioned in the chat, uh rc 74 Right up here at uh, here it is 929 right here, right? Uh, so we're looking for the move into like oh eight or so Uh, and then uh momentum kind of uh drive up into there and then Uh, and then maybe the pullback and and chop ensuing afterwards looks like the chop is ensuing All right, so we got up as high as Oh seven and a quarter. That's it That's the higher day so far all right, so let's um Clear all the drawings in here and let's take a look and see what's happening. All right, so We're gonna we're gonna go through another process in here We're kind of top down approach. Um So we we went through and and looked at our daily Even we should even look at the weekly here because it it's becoming important here up in these levels here Uh, and you can see on the weekly it's still quite a bit of momentum here you know, um No doubt about it. Uh, look at these candles up in here It's it's uh, you know, we could still see it come up into like, you know the swing High up here around 28 46 28 or so uh, but uh You can see the volatility in here in the hourly also in this 15 minutes back and forth in here right so, uh Anyway, my point is and let's just go back to the daily Uh, is what we're going to look at in here and our analysis that we did for the day Um is going to be the same that we're going to do on a smaller time frame All right, uh, we'll take a look at the es or the, uh, nq. So hail Uh, and just just a second and we'll go through the same process All right, so what we know now and we're going to go through the same process here about like, uh We're going to use events though here, uh instead of the day And it makes sense to use candlesticks for the day in my opinion Because this is a day period and then there's an overnight session On the hourly in the 15 minute though, it does not make any sense to me Why do you want to look at aggregated data within a candle? Like it's just it's not helping. It's it's not the right approach Uh, so in my opinion Uh, it's a period and why you don't have any transparency into that period. It's it's locked It's opaque. You don't know the volume. Uh, you don't know, um the order book here So we're not getting much information. Uh, we're just getting basically swings Uh, and that that's what I think these candlesticks or bar charts are good for on intraday It's just kind of swings basically um And and also the you know, the movements here the price action All right, the volume is on a sub chart. So it doesn't really help you much either but uh anyway the um uh What we're going to do the takeaway here is from this daily and understanding this, uh price action here And looking at the hourly and looking at this price action And then the the 15 minute now who's in control? Uh in in these in these in these charts. Well, basically still Uh, we can still see that uh on the hourly we still see buyers in here And on the 15 minute too. We just had a bit of a pullback in here. Look at the volume down here, right? So that's low volume on a pullback Now we're coming back up to revisit Uh, these these swings up here. So Let's look at the strength of this move here in the order flow Okay, how is it? Is it strong? Yeah, it looks pretty good All right, so you know What we do know is this is where the sellers came in Well, we're just about to test them Okay, and how is this buying strength coming in here? It's not bad. It's not bad at all All right, so uh, we've got that going for us now. We might get up into our 10 8 to 10 levels here Um, and um, but let's take a look here. What else do we have? So we got the aggressors. They just traded into this liquidity here at 06 Uh, now do we have the order book uh in balance on our side? Not really not yet um We just we know that there's high liquidity here Uh, uh 06 and three quarters 08 09 and and 46 10 Okay, so Yeah, not not really looking for it at the moment here All right, we want to we want to get as much Of the behavior on our side as possible. Okay, it's looking better now. We see a little bit of the flip here Okay, so we got our aggressors And you can see the order book in here starting to show some demand here Okay, we have the uh Look at the the NASDAQ here on the volume pressure and the es starting to show a little bit It's starting to exhaust out right now too. So, you know, just we don't I'm I'm actually looking for it to unfold here. Uh, it's just it's kind of a hard read right now Okay, and we don't want to put risk on when it's a hard read Okay, let's see if we get that in balance and the aggressors see a little bit of imbalance here A little bit of aggressors here Uh, some icebergs here Quite a few over 500 All right, let's see it here now. We want I want to hear the NASDAQ first We can hear that and then the we should see the or hear the uh s and p follow suit No, nothing we didn't get anything here by the aggressor Guys, this is basically, you know reading or hearing this in the in the um Volume pressure and volume in balance pressure imbalance here um Is very much the same as pace of tape. So in fact, let's insert another column in here and then let's let's add that in We'll look at time and sales All right, so Now what we're looking for in time and sales is the aggressor It I don't see a lot of aggressors in here right now okay, so Yeah, our idea here uh is um and It's very much synonymous here to not only the volume dots, but also the um market pulse tool here Okay, so you don't really have to kind of Uh distract yourself This is with the beauty of this market pulse tool You don't have to distract yourself and look over here Uh and start to judge that and then place your order etc. You can just hear it Uh, and uh, if you start to also see it with the um the move here So we're looking for volume and price change together Okay, that is that is basically, you know volume and uh price volume analysis Okay, here we go. Here's a double bottom pattern. We got our buyers here. Here they go Let's see we start to see our our time and sales. Eh, it's not so great um Okay, here where they go again. Let's let's let's see if we can get it back up here and now let's hear the Boy, it looks pretty Dole here on the volume pressure Okay, let's see we get an order book skew Not bad. Not bad. Now. Let's hear it. Okay. Nasdaq is sounding off All right, so let's let's see the s and p now follow suit and actually let's go over to the nasdaq as well I hear nasdaq Should be volumes on six All right. Yeah, uh, let's let's jump so yeah, we're we're looking for it here I think we got a little bit of a skew. We got some order flow stuff happening here But it looks pretty good And uh, yeah, let's get into o8 And uh and 10 now this was different than what we thought before because of the selling pressure in here being in control And then we noted the buying taking starting to Take control or at least test the seller's control up here Okay, so things kind of shifted and changed and that change happened here basically All right, let's jump over to that nasdaq and see what's happening here It nasdaq looking pretty good I like it Okay, let's see the book here A little bit of imbalance over here pretty far away, but the in a lot of a lot of liquidity up here at 840 We have 850 up here Now I don't it doesn't look quite ready yet The sellers come in and we don't see liquidity until down here really So yeah, actually looking for the sellers to try to take it down one more time here Probably about 15 or 10 All right, so that's the reed right now in the nasdaq Oh, let's see if we get it in balance. All right, see see this guy did pull here All right, we might get it. We might get the aggressors coming in now. Let's see Yeah, they're starting to add more here. We're getting our aggressors Okay, that looking for this nasdaq to trade into 30 Uh, and then maybe we can get a strong move and a strong breakout up through 30 and to 40 37 and 40 Okay, now if that's the case here and look at the volume build Okay, there goes there goes 30 Then our s and p should be also following suit here Okay, now Again, look how dark it is in here. So we just traded into 30. We need to see more buying pressure above Okay, we're getting it now. That's a stop run to We're starting to get it All right a little bit more here and we should get the move up into 35 and 37 and 40 here Okay, that's starting to look a little bit better here Uh, there's one more thing I want to cover on some of these moves in here. Um You know, this is a retest back up into these areas here right, uh and Um The auctions failing up here. So we have to be really careful here Yeah, it it failed here. We got exhaustion followed by sellers Uh, but let's see if we can get maybe a one more kind of a move here A lack of follow through we're looking for exhaustion or a heavy book here and then buyers All right, and then we can we can break through here now. This is what I want to cover and this is even better I'm glad it did that We need something more to hang our hat on here We have some sellers here They will be buyers up here Right, so now we're looking for the stop run to the upside as well So or we're looking for fuel Right now we're speculating on this fuel, but it's looking pretty good Okay, so um So let's add this into the equation Of what we're looking for we're looking for the aggressors We're looking for an order book and balance And we're looking for, you know Some of these, you know ranges to be to begin with And then we're looking for the fuel Uh in here Hey, where does someone have it wrong now if we can lean against some of these ideas in here Uh, and you can identify these on your chart Then you can look for To see if you get this follow through to the upside now Okay, does that make sense? And this is exactly what this bookmap junior academy is all about Identifying these things on the chart Hey, let's just take a just to prove the point. Look look at this here Here stands image from uh yesterday Okay, he has two in here and he was looking for this move to unfold Okay Is through identifying these things in here that allowed him To start to understand When some of these moves might unfold Okay, in real time and put that into your trading plan Hey, so again, that's what this bookmap academy. I think offers and uh looks, you know Let's see if we get our stop run now. Okay, just based off of this in here We should get the move we should get a powerful move here Hey up into 40 because these sellers are are compelled to to buy There's a flip of the order book right there And let's ignite those those stops There look at this guy underneath here same player just moved it higher It's looking good. We got everything going for us here Now we're just looking for the big the big move in the stop run here. Okay. Well sellers slammed on that Hey, this is where this is where the trap is actually the opposite Sorry guys Um, and let's let's talk about how to protect yourself against these things. Um But uh, this is That we're looking at this trap volume in here and we're looking for our stop run, right? We didn't get our stop run Hey, we might still right now. We in fact, we got our stop run here to the downside This this looks even better now Uh, it did auction up here And we're right back again here. Okay now. We're looking for this move up into 40 Okay, and it should be pretty powerful This this move in here We've just seen it so many times like it just can't do it Right, you get the sell-off everyone's stopped out shaken out. Here's our big stop run here This is what we're looking for over here It had to do this and then come back up and then the follow through All right still looking for higher here looking for 850 basically Okay, we've we've traded through 40 We're looking for 45 or 46 and then 50 All right, so uh, anyway, I I know this is confusing. Um, and it's it's also, um It's difficult Trading is not easy Okay, these are simple elements in here, but you know, how would you approach managing something like this? Well, we're looking for the follow through here Okay, and we had everything going for us here Hey, if I zoomed in a little closer, you can see there's some exhaustion in here. That's not good Uh, we had our order book skew at the higher uh higher areas in here. We had the buyers here Uh, we had the aggressors Um, we had the skew here this this trader pulled and added up above higher Uh, and then where are our aggressors here? Okay, well, we have one more move back down into this this guy pulls Pulls is a liquidity. You never transacts. So this is more like a spoof Do you transact here? You didn't even transact in here Hey, look at this one. It's one player our large lot trackers showing that uh, and um Actually see see I have 23 in here Uh 0.35 that's a percentage I want to show you that feature in here. This is um, you can view the order book as a percentage in here if you want It's 92 contracts in this view here in the order book though. It is actually 23 percent Of what's in the viewable book here And that's a lot All right, uh, and he never transacted Hey got priced to come up to to 36 here, uh, and then uh, and then it sold off sold off hard We just we just didn't get the buyers here and the follow through And so we trade back down into this liquidity here. It is dark in here Uh, and then look at this move. I mean it so how do you protect yourself? Hey, we'll just take your take your loss quickly Because we're looking for this and many times we've seen this breakout move happen Hey, and now we get this shakeout move. We get our stop run to the downside Then we come we can see that the trader's behavior here is to cut right back up to it here And we're building more volume again here We're looking for the break And we're looking for our stop run and it should be even better than before And we did get that All right, so then how do you deal with something like this? This is where you get back in Hey, you can place your stop down low Um, or I'm below some of the swings because you're looking for this to move now If it doesn't it's another small Small stop You know take a take a small loss All right, so this these are trade management ideas and concepts This is not a trading room and it's not a recommendation And we're not going to do that You know that's uh, uh, this is for you guys to Um, or we're here to present these ideas And then for you to take them and go back and study them It would be really irresponsible From our side as well as your side to say like Oh, this is all I do. Okay. I'm going to start trading it and and uh Uh and risking money on it Nope It's a starting point. It's a starting point to go back and start to study it Hey, it's a concept and now go prove that concept Hey, have have your risk parameters in here figure it out Where would you take your stop loss? Where would you take your profit? You know Nasdaq is notorious for doing these kinds of moves here It's also notorious for just going from right here right up into 50 You know, this is one of the things I really like about the Nasdaq Uh is the way that it moves, uh, you you get follow through on these moves usually Um pretty quickly Uh, let let's cover this actually so we talked about the trade management Um, you know small stop loss maybe even a break even uh because we're looking for it in here, right? That would have been a break even or you might have been slipped a little bit Um, and it would have been a small loss And then you would have gotten back in at a higher level, uh, than your previous entry Okay, uh, and then you're looking for the follow through Okay, and there there's um still looking for 50 to to transact here. It got up to our 47 Still looking for 50 though All right, does that make sense and these are again these are just uh Uh, some some ideas in here how to protect yourself, uh and how to manage these trades when we first understand The elements on the chart And the order flow okay, there's our 50 A pretty strong move Right, we were looking for it earlier. We had the shake out and then we had the strong move All right now our es should be following suit And it is Okay, it's it's it's trading up into 10 And that's a lot of volume All right, so it looks good Um Now the question is now it did it did what we're looking for Uh and let's let's uh take a big step back here Uh and um Let's look at our bigger picture Okay, this is what we're looking for It's done it All right, it's done it so Now it's time to kind of reassess It now is is price going to come back up into this area up here or is this is this it? Or today We're getting uh near the end of the european session Maybe we're going to get a lot of take profit now Okay, this was the initial kind of momentum move that we're looking for it's done it uh now Really need to kind of reassess this Uh on all three of these timeframes here as well as in the order flow Okay, maybe uh we're going to look for a potential reversal here Okay, and we'd be looking for uh some exhaustion up in here uh in the in the um in the transactions Uh so low volume up in this area here, and we'd be looking for a move back into It'd be like a mean reversion trade a back into transactions in here probably the Point of control is probably around the figure here somewhere Uh and uh or these swings here a retest uh 98 swing here or maybe the Low of the cash uh session today here around 90 Right, we can even get a gap hill Right, we're still within the bigger picture is we're still within all this price action from yesterday Is this is a small price action compared to yesterday? All right, so that we're putting this all into context here right What's my definition of a trading plan? um very steven uh very very precise Uh entries exits how you're going to handle it um But it is That is that's this the execution part of it uh, I think the um The most important part is that you've proven an edge Okay, you first have to have an edge Right once you have an edge then you build your trading plan around it All right, so the studying and the back testing is is how you develop your edge Okay, and then you come up with your execution on it. It's a good question uh, and You know there we're going to do more of this kind of trade plan building uh, steven in the uh book map academy and junior academy uh because um I I think it's um it kind of irks me like You know over the years you you uh You you always hear. Oh, you got to have a trading plan. Oh, you got to have an edge Well, how do you do that? And I think a lot of traders are they they're they want to they're passionate about it. They want to to to do it But they don't know how All right, so we're going to provide some models for that Right, you I mean the the the trader has to do the work themselves. You can't get around that Right, so uh anyway, um But to show you how to do it is really really the key because you'll hear it if you go on youtube or you You know look at like any sort of content out there. Oh, you need a trading plan. Okay, great. How do you do that? Hey, uh, or um You got to do it yourself. You got to show you got to have an edge. How do you do that? How do you show an edge? How do you how do you develop one? Right, and it's hard for a lot of traders or a lot of people because um Let's just be honest. I mean most of us here uh Especially when we start trading we're looking for our plan to work every time That is just so unrealistic I mean think think about oh god. I don't know what analogy to use. I mean it's just so unrealistic It is it is a numbers game More often than not your plan should work Okay, that that's that's how it works Okay, I I mean I just came to mind like a football analogy Like uh, or even baseball like, uh, you know every time you're a wide receiver Are you going to catch the ball and get a touchdown every time? And that's just ridiculous You know or you get you're you're up to bat and in baseball. Are you going to get on base every time? It's just absurd In fact baseball is a great example with batting averages You're you're an all-star if you can hit it one out of you know five or three times and get on base You're you're an all-star you're you're in the hall of fame If you can do that consistently So uh your trading plan should um Or the trader should keep that in mind All right, let me see if there's any more questions in here Uh Stephen does that answer your question? You've been putting in a lot of work I I've I've noticed And you know a lot of uh A lot of images, etc, and I'm going to comment on them Okay, so it's end of the month here. So bookmap junior academy guys and and uh Applicants are going to get some feedback Right on uh on what's happening What what you're doing? Yeah, no hedge fund. We're not we're not gonna I mean the price is what it is. Um, we're not going to deal on anything like that Uh, there's no kind of like special 12 month discount or anything like this. Um, you know, I I propose some other, um Um alternatives there for you from the academy or uh, etc That's what we have Uh carl, what is an iceberg? Um Yeah, you know what? Let me I'm going to point you to I'm not going to explain it. Um, I'm going to point you to our glossary bookmap.com And then click on more and then under resources our glossary here Okay, and you can see it on the right hand side in here You can go to iceberg Okay, and there's a bunch of stuff in here see Chalek welcome See is a Okay, uh, louise answered you it's a hidden order. Yep Well, yeah, it's it it takes take some some more explaining. Um, how it works, but uh There's plenty of resources in there We we have that will explain an iceberg Yeah, mike. This is such a big one. Um, learning how to lose uh is learning how to trade Absolutely, I mean it's it's so funny Um, it's the opposite of what you think is it learning how to lose correctly is a real key um If you can do that You know and you but you know you have an edge still the edge is still shows that it's it's true and it's working Uh, but you know how to lose but you also know how to win Okay, so that means you know how to take profit, too Both are really important, but the loser losing part is more important Okay, so it didn't go to plan How do you how do you manage it? So let's see here ac it's hard to tell when the plan doesn't work whether it's due to chance Or if the plan was just bad to begin with that that that comes through the back testing, uh, ac You got to prove your prove your, uh Plan that's why what you know what we're going through in here are many many different trading strategies in many different markets Mostly the s&p boy. This has been a really nice move guys Uh strong strong volume strong move here. Um, this was this is giving us our answer for the moment Uh that we're getting continuation, right? Uh, I was not looking for that Uh, I was looking for this to start to exhaust out around this area here Uh, but we're getting stronger volume Okay, so we're looking at other levels in here. Maybe it's up here at 18, but uh, you know The attractive uh area would be up in here around 22 to 25 Uh, Sebastian, it's a good rule to look at statistics. Uh, if you believe the trade went Bad due to abnormal factors. Well, there's this is where it is really complex And we we have these kind of, um Oh, what is it called that biases or? Um Fallacies that we fall, uh fall into In our trading plan and You know, and you're just this is where You've got to be aware of what's going on and then go back and look at your your your trading plan Uh in regards to what that price action was. So for example here yesterday This this sell-off in here it came out of the blue But it was it was due to some geopolitical and and uh and fundamentals Hey, well, what if you didn't know that? What if you didn't have your news feed up and you're fighting it? Well, you're just getting run over right so Or time of day these are other things to consider Hey, usually in the morning you get your momentum drives Uh, and um Uh, you know, you also have economic news though You have geopolitical stuff. What what affects the market? Right just because you have a solid, you know, really well-defined trading plan You're going to trade that in the asian session And you're going to have expectations for that to work just as well as it does during the new york session So, you know, that that's where it get it does get more complex But that's how it is I mean Oh god, I I hate to use these analogies, uh But what is it in uh In in in denver the the stadium baseball stadium more home runs are hit there than any other stadium, right? If someone someone can uh, yeah, please please validate that i'm not much of a baseball statistician or or Follow it too closely, but uh and why why why is that? Why are more home runs hit in that stadium than any other stadium? It has to do with the environment And we're talking trading is the same thing that's the different environments You know, you've got to know your environment Hey, it's because it's at altitude ball carry carries farther So you hit the ball and like there's not as much, uh, resistance Uh, jk. It won't load your rhythmic data. I'm not having any problems. I reach out to support. Uh, they'll help you Support at bookmap.com. Yeah, of course field. There you go. CMJ Yeah, it sounds like you're a baseball fan. I have a lot of friends that are baseball fans and i'm embarrassed around them so Uh, they they just go on and on and on it's pretty incredible Uh, the depth Yep, thin air exactly Yeah, so What are your probabilities if you're a really good hitter and you hit a lot of home runs? What are your probabilities in that stadium? Against a a so-so pitcher You know against a really good pitcher well, that's going to be something different so anyway, um just Building out your trading plan. This is you're going to have to think about the environment. You're going to have to think about the time You know, what about the the environment just fundamentally in general? Uh, you know, why are why are we coming back up in general? With interest rates being higher yet. We're seeing make these moves, uh, you know to the upside here Well, you know traders are the behavior traders is telling us that that they still think that there's there's more value here in these stocks Okay, and that the u.s. Has a inflation under really pretty decent control compared to the globe Uh, you know the uk and and and um, uh, europe, uh China and and japan like uh, they're starting to you know have some issues So especially the uk And what are they going to do? I mean they're they're looking for a hard landing. Whereas you've probably been reading about us being Um, you know having a soft landing here, uh in the u.s. It's due to it's a complex thing. It's due to a variety of factors, but here's the behavior in the traders This is what traders think And that's what we're trying to gauge and we're trying to gauge that also in the order flow here In the auction All right guys, oh my time is up. Uh, yeah, please again hit the hit the like button. Uh, and um Uh, we'll uh continue on, uh On monday with this content, uh, and uh, yeah in the meantime if you want to take it further you have these other um You know programs are alternatives with the book map academy Uh and uh junior academy. So uh, yeah, take a look into that if you're interested Uh, or maybe that blue jacket competition as well Right. So, uh, yeah, thanks. Thanks stan. Thanks slowdown Uh cmj everybody have a good weekend. Uh, and we'll catch up with you on monday. Okay. Yep. Take care. Bye. Bye