 All right, good morning traders welcome to the book map all markets webinar This is Bruce at book map and I will go through Order flow on whatever market says webinar guys request with we book map connects to stocks futures and crypto currencies And many many different instruments, of course So let's go through the disclosures and we'll jump in general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a substantial risk of loss It is not suitable for all investors past performance is not necessarily indicative of future results. All right, so Let's just there's a request already to take a look at the bonds or the five year Stan do you prefer? The five year over I mean like I would prefer to go maybe look at the the ten year ZN, but it's it's up to you we can look at the five year As well ZN is good. Okay. All right. This is funny. I do not have a Backfill data here or why Should be awesome. Oh Okay, well didn't find the instrument. All right, hold on a minute That's it ZN Z3. Okay, I did something wrong here. Hold on a minute. Oh Colmex that way. Okay. See me. That should do it. Oh, I'm sorry. It's on the CBO T. Jesus. What am I doing? That's what Okay, there we go Two out here. Okay. My bad. I haven't looked at him in a while Yeah, CBO T. Oops So All right, I think we should put some more backfill data in here All right, and we'll let that Load here All right, and we'll just take a look at a few things that will wait here for just a minute Stan, but the ES here just wanted to go through the stock indexes or the S&P And some you know kind of odd Behavior in my opinion is this move to the upside It does it is what it is Good morning slowdown and we have the You know, we had good really good job jobs report on on Friday with non-farm a great data market originally sold off and that made good sense to me with the interest rate rise You know more more probable in the near future and the markets don't like that But we had to move to the upside And it just grinded higher and we're still grinding higher So we do have FOMC meeting minutes later this week. We have CPI data, etc You know the market is just kind of maybe sloshing around and here waiting for this. We have war environment in a few different places and on the globe and Yet we're we're moving higher here oil is spiking due to You know the war efforts or you know, the geopolitical concerns Yet here we are so Anyway, that's where it doesn't really matter We are just going to follow the order fall and get insight via the order fall And that's what we want. This will give us an edge and and take it from there Okay, so what do we see? Well, we're coming down and just see this cluster of volume in here Which is a lot of buying and obviously it coordinates here And correlates with the open the cash open here at 9 30 We see that there's more liquidity here on the bid here in these levels and we're selling off into them So I'm seeing that the sellers come in here looking to probably test down in here to this 43 20 Due to the heavy selling coming in right now. All right, so we have talked about trapped volume many times over especially this last week and This might be something to look at here in the bigger picture now. We're probably We probably won't get that move immediately in here We're gonna bigger picture moves. They take a longer. They take longer time to kind of unravel That's why we're going over many smaller time frames in here and try to train ourselves on order flow On much smaller time frames because the more we get Experience with it or we're gonna understand it that then can extrapolate to the bigger picture All right, so anyway, what my point here is Here We see the the move up higher above this big cluster Right here and we're kind of bouncing off of that little area, which is a point of control It just means the most traded level here and you can see a bit of bouncing here just at the moment now What I'm talking about though in terms of trapped volume is we have two different areas here So we're looking to see if we can get a retest back down here and maybe follow through to the downside Okay, so we'd be looking for maybe something more like hold on More like this and then this Okay, so it's just a scenario that we're looking for because we're identifying This potential trap in here of all of this all of this buying in here and all of this buying in here is going to be Compelled sellers down here in these areas below So that's the concept here now. That's just a scenario. So it actually should be scenario number two scenario number one is we're looking to see more buying continue here and We were bullish here so far for the day. We can see the move at nine o'clock Move up nine thirty. We have this back and forth with them up And we're just testing off of this point of control here or just this really high volume node here And and we're seeing buyers starting to step back in Okay, so anyway, this is The the overall scenario for that then would be that we're looking for a retest Back up into maybe This 3250 area up here or maybe even the highs if we're still bullish All right, so before we get all into this Let's take a step back and look at the bigger picture though and then we'll come back and revisit this the bigger picture here on the Delete the coins hide. Okay The bigger picture here. We have the Daily over here on the right side. I'm sorry left side then the hourly in the middle and then the 15 minute here on the right Looking at the daily. It's Pretty messy some real, you know back and forth in here as this market had moved down I'm pretty pretty sharply Over the last few weeks here And we're still in a bearish mood here. I mean you can see on the daily chart. We're making lower lows and Lower highs in here And we have a lot of kind of chop back in this little area here so, you know, we do see the move up from Friday and the close was just below the this little swing here It's peaked up above it and came back down and closed below it So we're still in this range here as you can see and we see the buyers in here testing the previous Previous close here From from Friday We have a gap the gap fill here, right? So that's what we're kind of looking at at the moment and on the hourly here You can see the gap very clearly Right in here and even better here on the 15 minute chart So this is where we opened and we've come up and filled a lot of this gap We have not filled all of it. The true fill would be up here around 45 the But this is very typical That we kind of see we don't have we know there's a gap but the idea here is That sellers have tested below the swing here From Friday's activity and then we see that is move back up into this kind of range up in here And to fill the gap. All right, so now we do see the sellers starting to come in here but You know, we still have momentum here to the upside basically Until we see something different, right? So That's why we go through in here in book map in the order flow to understand and give us a lot deeper insight In an edge via the part of participants in the auction Okay, so what we have is high liquidity gotten Filled in these areas in here. We've come up higher into this kind of 35 37 area Some of it transacted up in here and we just see a lot of sellers come in just at this point here And bring it right back down here. Now. We're still bullish though Okay, so the The the move is is still holding or the structure market structure is still holding so let me Just go over the market structure here And so if we take off the heat map we take off the volume Dots here. And this is just best bid and offers streaming streaming price action Hey, you can see we're still making You know higher highs here and yeah, okay on a smaller time frame sellers took control here and moved it below the swings here But in the bigger picture, we're still bullish here, right just by market structure That's why we went through the two scenarios in here one being that we're gonna see the Potential trap volume. Okay, we can turn the volume on at this point. Okay, the green dots And then where they'd be compelled to cover That would be one and the other one is that we'll delete these lines. Hold on and The other one would be that we are just bouncing off of these areas Probably move it to here now and we're gonna continue on up, you know And retest some of the highs up in here. Okay, this would be a good area to test in here A lot of volume within this area in here. You can see it in the profile as well Okay, so we can look for that If we get enough buyers in here Okay, and then the liquidity heat map is the other side of the trade That gives us that understanding of where the the supply and demand is Okay, so we're seeing our buyers come in retesting back up here Okay, and if they can let's see if they have enough buying power To reach back up into about 34 here now Let's talk about potential setups in here as well. And again, these are not trade recommendations Now how how likely is this based on the order flow for that scenario to unfold right now? It doesn't look so great. I mean we do have some some buying up here But look at the exhaustion or selling up here What I mean by exhaustion Look at look at the if we just move down here look at the selling up here a selling dot By the Delta and then we see some buying in here just not enough to take this higher They we do nice strong volume in this little move in here That's good. Well, we get a pullback to retest it And then we see another like kind of barrage of buying in here and buying in here. So that's not bad But I just don't see the interest up here yet Okay, we don't have it yet nor do we have Another element that we need in the order flow and that would be the order book Okay, so the order book we would be the liquidity heat map here Bidding up at a higher level. Okay now here comes our test back up here And we'll see if we if we get a skew in the order book here to maybe try to push it Up past the swing here around 31 and try to reach back up here to round 34 or so some something like that All right now What do we what do we have in here that really give us like a good feeling in the order book that that will play out that? Scenario not too much. I mean you can see how dark it is underneath here So what this means is that players are they're starting to bid up here a little bit Hey, and we're getting buyers and they're they're pulling here. Okay, so now we're testing 31 And now it's getting a little bit more interesting here However, this is just not not worth the risk in in in my opinion. It's looking looking better now but Here's why is that you know this this dark area in here They are bidding up at 30 and a half at the moment and we found some buyers But this is not really the strong move with that that we're looking for how dark it wasn't here Wasn't giving us that feeling that we're going higher Okay, so we are going higher but We can see sellers what can easily drop it back down into like 28 or 26 27 very very easily All right, so we just don't have all the pieces here. So we'll stay away All right now here come the sellers and let's see if they have the the range or the breadth to Reach back down to these areas or the exhaustion by the by the buyers Here's something to take a look at on the smaller time frames That can give some insight here The volume dots and bars can give this additional insight. Okay, so look at the cluster in here. This is pretty good Okay, there's some buying up here, and that's a good that's a good sign if there were not buyers here Then that would be telling us something a lot more and we see the selling coming in Okay, so we're looking for these swings up in here to get insight from the participants What's happening up here? And they're still buying Still buying but look see how dark it is in here watch house that there's our exhaustion here now watch we should get some sellers in here and They can easily drive it down here to 30 Again trying to understand the retest back up here and a lack of buying Okay, look at down here. Here's our cluster and then this one We come down here. Look look at the buying down here a lot less right So that's our divergence in volume here Okay, so you can and and we have a dark order book underneath here And just suggesting to take a look at these elements because it's in here that the the market tells us about this potential scenario Now when we look when we get a better higher probable Look at this here by understanding the order flow here Then then we look for you know going on the side of that strength Hey, does that make sense? Does everyone understand? This this point here strong volume Little bit of selling down here very little buying up here or none. Let's see Probably some no none none up here, right? So what and there was previously here just six six contracts up here and then it exhausted out Okay, so we were looking for that scenario for sellers to drive it probably back down to about this I don't know 20 29 30, I think or maybe do we say 28? and That's exactly what they've done now. There wasn't anyone here in the order book to support that This this move higher. So we that's why we can see this Sellers were able to drive it into these areas pretty pretty easily Okay, so anyway, that's how we can look for behavior In here to give us insight for the potential move Please let me know if you have any questions on this I mean, this is exactly the kind of thing that We're going to cover more and more in here looking for very specific setups in order flow Okay, some are better than others and by understanding and going through many examples in here We will be able to Basically grade these and look for something that is more probable to unfold Good morning, Rob. Good morning, Steven Let's see a slowdown, you know, I've been I Just I really love your work. I love your imagery. I think people it's it's so crystal clear And I've been thinking about it for for a for a while And let me if people aren't familiar with slowdowns work I want to show you here. You can come over to our discord chat room here in the all markets Room here all markets Bruce And Here's an example of his work. Okay, he's looking at these springs From Wycoff now what I want to cover in here is this I pop this out the what we just talked about in here is Kind of similar except this is a big range in here and Wycoff explains it as accumulation or distribution And it is a move down below the the bottom of the range here So, you know sellers were able to move it down there now a lot of the things that slowdown is looking for here is a stop run And then and then buyers come back in and move it back into the range and they have the now You look for momentum in here by that buy side So not only go to the the high volume node, which is probably somewhere around in here But through it to the other side of the range and you can see that's where he's taking some profit But just some because then he's looking for a higher profit to take up here Okay, so it's understanding the order flow in here Now in this it like one of the things that slowdown is looking for and slow down I'm just gonna have to have you on for a webinar and you'll have to Explain it in your own words. I I don't want to be a proxy for you here But the The order flow in here one of the things that he's he's very typically looking for you can see he marks it up here The stop picks at the outside edge of the consolidation Okay, now he's looking for that buying to come in here and then entering with that strength To trade it back into the middle other side of the range and continuation Because you can see here. He's looking at a continuation move here. So this would be a basically accumulation in the in the Consolidation and then continuation to the upside here Cumulation and then continuation All right, so very much in line with Wyckoff's principles and here what I'm trying to get at is here it is in the order flow and He's looking for the the stop run here stop pick. Well, there's many things to look for there in that area so what You can look for and there's I've been you know thinking about this slowdown, which is Really interesting stuff behind the curtain it's all jellyfish Is the you can even see like, you know potentially here There's no stop run here but here's a little consolidation and and you know it it traded down into here now you can look for also absorption down here and Also Exhaustion, okay, so in the different scenarios in here It doesn't necessarily stop stop run can be a good one. You don't get it here You can you can look at the red line down here, and you don't see that there people are getting stopped out So we know that we know that with the MBO bundle that we have and the stops and and Iceberg indicators that we have that this is not a stop run These are not stop orders that are transacting stop orders are actually transacting up in here Okay, so this volume up in here is a stop run all right, so But we can get exhaustion down here. This is a good example of exhaustion right here the leg previously Look at the selling on here. Okay very little right selling's in here and then at this little peak or Trough here it really dries up see the selling here and then very little down here Okay, so that's where no there's no more sellers It's reached It's it's auction there And there's no more sellers So if there is no more sellers in here You can look for buyers to come in and trade it back into the range Because there's no more selling activity or very little And and retest some of these areas like here's a good retest now. This is a small time frame It's only three ticks or or four ticks It doesn't matter this works on all time frames and you can see it traded to the other side of the range here It tested this which is kind of like a pseudo high volume node in here Kind of a high No, it's actually this is the high volume will take that out. We can make this the high volume node and Yeah, this this this volume in here not here And then it exhausts down here and you know buyers came back in and traded to the other side of the range right, so Here's here's even better example of some exhaustion retesting here and No no transactions here and a little bit here. So anyway look for this in in the setup is is the lack of Trading down here and then buyers to come in and move it to you know Into the center of the range other side of the range and then maybe continuation All right, another one is absorption All right, so absorption is a very easily seen in book map And let me find another example in here Try to find one that fits this kind of consolidation and Accumulation Absorption just means that well here the absorption a very high liquidity And then see the selling hit into this liquidity here It's not much selling But they're they're not they're not able to trade through this 23 area. There's way more Limit sell order limit buy orders than there are aggressive market sell orders And they can't they don't trade through it Same idea here now if this is this is really good if there's support here or Demand here and you can even see there's some a few ticks below it here And they want to buy at these levels and you don't find enough sellers We'll look for the buyers to come in on the other side And then trade it back up into the middle of the range other side of the range and then maybe continuation All right, so I Would just like to add those kind of elements into These consolidation ranges and understand that order flow like look at the the buying up here Right, this is exhaustion a strong move in here Some other buyers up in up in here We have a hidden order in here our iceberg order a right right here. This is an iceberg order So buyers traded into this hidden liquidity here And it transacted. Hey, so in fact, we have on charts iceberg which I can show you and Here we go. So there was 50 right up here totally executed. That's what the E stands for So this larger player came in with an iceberg order and absorbed that Well, they didn't totally absorb it, but they transacted if he traded And then we have exhaustion up here and then sellers come back in move it back down to the bottom of the range in here Okay, so these are considerations to look for at the the extremes of your ranges That in the end that they're all jellyfish All right, so let me know if there's any questions here Happy to get to him Algorithm band. Yeah, sure And then we got to take a look at Stan's request. Sorry Stan. I'll get to it. We'll look at those those bonds or notes Actually, let's add the Add the five year into I'm kind of curious now and we're gonna add the bonds as well, but And it might as well add crude So I'll go over this more and more the yet trading statistics add on in here. What contract are we on in crude? It's been a while here. So You on the X contract still? Yeah. Yeah, we are. Okay double check here Guys for there's a there's a video on this on how to how to kind of very quickly research Just look up a Google search here for you can you can see it here CME CL volume. That's it Goes to the CME group contract specs here and then down here. You want to click on volume and open an interest and then here We take a look at the months here it tells you up here, you know, it's the X contract here But I always want to double check the volume in here. You can see like they It's getting ready for roll over here Pretty pretty soon. Okay, so we have the December contract here It's it 275 the global accession versus 455 for the November. So, you know, probably probably pretty soon here Next week, maybe I don't know Anyway, we're gonna take a look at the X contract in here Let me show you where that video is too. Okay, if we go to book map calm I Go to the more button and then go to the book map learning center here then go to Getting started here and adding symbols here. Okay, so if you're new to book map and you want to learn how to use all the different Features then this is where to go. Okay learning center Getting started course and then in here We can go through the adding symbols and then Sorry, maybe it's under. I know I did it Yeah, yeah should be here Anyway, I won't take any more of your time it. I forget which video it actually is It's one of these videos in here. I'll find it and get back to you on that All right. All right, so back to Let's take a take a little bit of a breather here and take a look at what's happening in this S&P And then we'll look at the notes Yeah, so just it's just really chopping around we haven't really missed anything in here But it was good that we covered those those elements in here What to look for at these edges in here for a higher probability outcome now? It's important not only to do that but to develop your scenarios here Okay, and why we think it's going to happen Okay, so if it goes up, what are we looking for if it goes up here? Well, then this would be trapped volume here. We're looking for our buyers at the top of this range in here We're looking for that order book skew And then we're looking for these buyers to lift it pretty quickly and then we'd be looking for a stop run okay the Prime that's the secondary scenario actually a primary scenario is still a move back down into 25 here and maybe maybe lower 23 Hey, why because look at the the cell volume here Look at the buyers here not not as many And it didn't even make a an equal high in here is making lower highs in here and lower lows in here So we're still we're trending basically so we're still looking for it to trend until we see something else Okay, so the the target here would be this liquidity for these sellers to reach that liquidity here Right, and then we want to see if how how does it behave down here when it is it absorbed? Is it pulled are they adding lower? Are they adding in front of it? Do they want to be buyers? Do they add up now underneath here? and These kind answers to these questions is what can give us the insight Okay, so there's our move into 25 and still still looking for lower here anyway, the Let's jump over and take a look at the notes to begin with Okay, so yep, they're going higher Nice volume here Yeah, I'm sure that would have been a stop run that looks like it and Then we have the Bind looks it's okay. It's not as high as it was over here It's not bad and yeah, it looks like a Concentrate into this liquidity here Seen a little bit of buying right now. We see we see underneath the order book here It's not bad either like you see this kind of bluish tint here Well, you know, we can see there's a you know, 14 1400 almost 1500 contracts there Now there's more down here. There's 1800. Hey, well, that's not bad And so there is demand underneath here and we're still finding buyers So I'm still looking for this to trade up into this liquidity And then let's see if we can break the swing high here and then even trade up into this You know 724 up here or something like that Let's look at our five-year now. This is a great usage of Well, we can look at market pulse To correlate these markets here you can look at I mean the the moves should unfold first in the five year Then the ten then the bonds, right? but Yeah, we can look at the market pulse tool in here to give us additional insight on that and now the bonds like They really Yeah, they're moving pretty well actually, but boy, this can be you know, it's It's a harder market in the sense that it doesn't move that much compared to like the S&P or the especially Nasdaq or gold or crude oil right, but the The order flowing here can be really good not seeing much at the moment. Let's try to get a little more insight here Five year nothing that algo That algorithmic Band Tom this this is kind of it here. We can probably see it better in the Nasdaq. Yeah So this is it here. It's a very simple thing. There's you know algos on the other side here Of each market and they're they're following the market here now actually, you know if you If you want to see like how this actually operates in here I I can I can show this to you it's We have actually tools in book map Okay, you will need to have book map global plus for this But we can use chase and escape in here We have algos within book map that can do this for you and mimic this this behavior in here Okay of these players so we'll use a chase in here and Escape and we can use them both together at the same time Nable them at works on these and there's execute as well. They work only on limit orders Okay, and then let's see here 60 Let's do three price levels and let's really make it escape here. Let's put in like 300 percent Okay That should do the trick Let's turn on the trading And we'll just we'll just use one contract here And we're gonna set our limit Right-click above here Okay, and then we're gonna left-click down below here Okay, and yeah, you can see that this is It's just staying on the side of the market here by three ticks. Now. This is what we need to come back up here and adjust Is escape by a lot more and also chase by a lot more. Oh, I got filled Okay, hold on. Let's flatten that and Let's try it again. Okay So let's go with 20. This is the Nasdaq. Okay. Oh, okay. I see you. Let's just block all and end. I Yeah, yeah, okay. So this is kind of new to me here Okay, all right, so this is the issue. Yeah Hold on I was wondering if that was gonna pop up. All right, and let's flatten Sorry guys, is it just bear with me on this like it's worth it. Believe me This is pretty cool. I Think it's pretty cool To see this kind of behavior in here Okay strategy chase attempts to move order ID 9 So even this is still too close to the market. Let's let's flatten this and let's try it again It is worth it. Believe me. Like this is this is really fantastic to see. This is what these algos are doing Okay, so see the behavior in here And we can mimic we have to go to another probably 10 ticks here. So it's like 40 Let's flatten this and we'll try again Maybe it's even 50 Let's put in 50. All right, there we go. So 50 ticks is is is spot on Okay, so yeah, I mean this is in basically so, you know, these algos at a certain point if they're they're I'm holding a position in the queue All right, so at a certain point then they are going to shut off And this action will not not take place any longer and they will get filled that or they sell stay in the market and then then we look for them to You know transact Right, and then this is this is what's happening. And so when you see this kind of behavior, I mean It usually happens on maybe thinner markets, but not always we've seen it in the S&P as well for for several weeks I know it can be distracting, but this is the market. This is what it is doing And this is what how these players are are reacting to it Okay, so anyway, yeah, that's that's that and Yeah, we can we can really mimic that that behavior in here with the chase and escape All right, let me I'm sorry guys. Let me get back to any more questions that you have here Yeah, Cmj. Maybe we'll get we'll do something more on chase and escape And and execute if you like Yeah, it wasn't quite mimicking in the way it does when it was very close to the market But we can make we can we can simulate that Yeah, I mean basically you'll see like at a certain point in here like, you know here I mean this liquidity obviously is is a different player Okay, that came in here And stayed in the order book we don't see algorithmic activity and they transacted here, right? So the transaction took place and the buyers broke out from that area Okay, see how they kind of stayed in here see that and They're transacting in here Also in here a little bit So, I mean that's what's happening And this is who we're competing against You know, there's these these algos in here that I've seen it that you know, they'll pull one Order from here as price comes down toward them and they add it to the other side And then this in the next order if price continues on down it pulls and adds to the other side So basically it's they're queuing algos Stacking algos. So like this guy just stayed in the market here at at nine nine ninety Hey, so what they are getting filled and there, you know, you'll see This is actually a good segue into the trader map pro tool to show you like you can filter with the trader map pro Add on in here to look for very specific liquidity that that stays or Doesn't or has, you know specific amount of orders etc within here and we've got some new Algos coming out for this as well. Okay, so here we got NASDAQ and then let's add Filter okay, so we can we can change for like You can see that there's size. There's the a lot of people are using the order order size filter There's also a percentage Filter here. Let's actually show that one in here. I like this one so Orders above 65 here All right, well that's gonna get rid of almost everything in here. So that's not gonna work Or 20% I'm sorry So even before we do that actually, let's configure this and let's Look at our COB column in terms of percentage Okay, so and let's look for Yeah, we really want to look at a lower percentage and Let's let's play it. Let's see. So this will open up a new symbol here And it's loading it now Yeah, so it's just showing the high liquidity down here very very high liquidity. All right, so that's not helping us too much Well, maybe it is helping us You you can see I mean, this is how these players a lot of these players you can see that they pulled in here Let me show you this Larger players in here pulled their liquidity from way up here at 15 to 50 Dropped it down here got filled a little bit and then pulled it away and the same here And you can see them here and here on the buy side so this is you know who has 250 orders or What looks looks like maybe 70? This example here. Yeah 70 contracts in in the market here And and we know that it's got to be the same player because the moment they pull they add it up here All right, so we identified a very specific player in this market and this is what their algo is doing This is this is really amazing stuff. All right, and you know, they can average their position over time Get filled a little bit take a little bit of profit you know Average into the position look for the a Drop and and or whatever it is that they're looking for and then take some profit And do it all day long Okay, so this is another Answers another question in here Tom at you know starting to understand this this larger player behavior in here by Filtering for very specific liquidity. Okay, we're going to go over more and more about this trader map pro A lot of people using it like I said and I think it's an amazing tool That we can filter for liquidity like this No one else is doing something like this that I've seen And it can offer a lot of insight and we can filter a lot more than just this so if we come back up here to our market pulse trader map pro pause it Or I'm sorry raise it here. Let's try that one Now we're gonna see, you know Something very different in here But very similar behavior. See you see how we're talking about this player in here this out this algo in here and then You know, you can see the behavior And then they stay in the market here stay in the market here. Okay, this this You know shows the example really really well They stayed in the market here. So, you know, they're kind of averaging into the position over time in here and You know, that's what that's what it's doing Alright, so let's move on Any any more questions or I'm kind of curious and take a look at crude in here Since we've heard of all of all utility in here. Wow. Yeah, look at this. This is beautiful down here Look at that wall of liquidity in here. Yeah, let's add a little more data in here on this and then filled up here in these areas as well Okay Just a huge wall of liquidity that came in Support underneath that move to the upside some back and forth, you know, clearly getting filled in here and clearly absorbed And then move back up Above the range And it's still accepting above the range here so far So it was still bullish Until we see something different here. All right, how's our S&P doing our stops a nice first doing Close I think All right, let's take a look at our bigger picture here. So we went through those two scenarios at 10 o'clock And we drew up Two scenarios here one was that this this cluster in here We bounced off of the kind of point of control at that time There's liquidity here and then we see the buyers. We were looking for the move up to you know, either here or here Came up a little higher than here. Then it was our 34 is what we had said, right? I believe Yeah, and came came up into the 34 ish area here, maybe 35 and then it's pulled away All right, so, you know this the pullback was or the this strong move by the sellers Okay, now we have again some divergence in here on the volume side Look at the the bars down here and look at the size of the dots. Okay, so lots of selling Pretty good buying not bad, but just not as much as the selling move in here. Okay, so We see the move back up into here and we see the sellers come in again Hey, then we can look for the move and below this swing here and we should get a stop run, right? That's the scenario we covered and we didn't we we covered a lot of other things in the meantime And then we come back and revisit. Well, here's our stop run. Hey, here's our move below the swing here at 43 20 and here's our stop run and that's what we would look for All right, so Now the question is after that stop run low here Is are we are we going to get a? a Is it gonna come back up and do this 22 area and then fail and then continue on lower So it is Doesn't accept lower is the question now in terms of it accepting lower. It looks pretty good to me And here's why Okay, so we have a lot of sellers here. Okay that we noticed early and then look at the sellers in here Okay, so looking pretty good Now they've broken the swing here And we'd look for the pullback in here again low volume pullback, which is good. This is a good thing And then now let's take a look here Let me clear these for a moment And we're looking for an order flow setup in here for the continuation lower Hey now so what we're looking for is up in here exhaustion. We didn't we don't really see it And we're looking for this liquidity up here the supply to come down lower And let's see if we get it here. We don't we don't see that really not yet Here it is. Here's a little bit right there. All right So now we're looking for sellers to come in and hit the bid into 17 and lower And the swing is down here around 16 and a quarter And that's just one of the scenarios here And now we have some buyers in here right now Bind at the bottom of this little little range in here. All right, they're able to lift the market All right, so we're gonna got another swing up it up to this little area right here And again, we maybe we'll get buyers. Maybe we'll come up into 21 or 22 and three-quarters here We're still open and looking for These two scenarios here one would be the buyers you take it up to the top of the ranges in here The other is the sellers breaking the not only the trend line But the swing here and then the continuation move by the strength of these sellers in here And it's not ready yet. It's not it's not ready to do that yet Hey, so let's let's let's sit here and watch and wait here to see what unfolds any questions on this we're coming a lot of stuff and It's kind of been mellow mellow day though All right, let's take a look for exhaustion absorption up in this area up in here top of the range. I Don't really see either. I see some buying up in here and again buying up in here. So yeah, I Don't I don't see high liquidity up here. I don't see exhaustion up here. So we don't have either really And now now we're starting to see a skew in the order book here still a little too high I want to see it down lower We found some sellers kind of pull away from that area in just this trend line All right. So now here's our exhaustion here, right? Here's our exhaustion Okay, now I don't have the liquidity. I'm looking for but what I'm looking for in this setup now is sellers here Hey, I would love to see more liquidity here. I'm looking for our sellers here and Then we're looking for the drop through this area on down to 17 liquidity down here All right, so the market traded up here and it didn't find many buyers Now that's just one element though, right? It's only one Okay, we can we can check that box though. We got our exhaustion. Did we get our sellers here a little bit? Okay, that's another box to check the The third box in here is about the liquidity and We're not really getting much of anything in here from the order book Okay, I want to see a reaction to more supply here Repel buyers and find sellers and I would love to see these Sellers maybe in some of these areas down in here 18 18 and 50 or so pull that liquidity And we're not getting that either right, so then the This negates the setup and that should be a stop run back up above It is you can see it here, right? So people that sold in here based off of that looking for that scenario are getting stopped out Hey, we're not because we're not looking for that as a setup Hey, we can still look for that scenario to unfold here looking for this after the stop run here looking for the sellers to retest this 22 area and Then see if they can power through that area to the downside Slow down. I wanted to also float another idea With the I know it's not quite the same because You're looking at Wycoff and then in Wycoff you're talking about the You're talking about accumulation and in distribution what I wanted to go through was Understanding the same kind of principles in here in a diagonal Okay in a trend which I know is mark up and mark down According to Wycoff, but the same kind of principles for that spring setup or basically either stop runs absorption or exhaustion at the top ends to Or breaks of those top ends To to follow through so let's just look at the kind of like a price channel in here Okay, so here and in here Okay, so do we Do we see a break of it? Yeah, I mean you we could be a little more You know you can say that maybe this is the potential spring right look for the heavy-selling over here now So now here we would look for the trap or our stop run an exhaustion and we do have a stop run up into here Okay, so we do have that And then we do have a nice trap here if we can see our sellers now come in Okay, now I'm not trying to I'm not trying to convolute and that's probably what I'm doing so I'm not trying to make the the Your specifics out of is very specific. I'm just going through these elements in here in a diagonal Trending type of market the same concepts at the top edge or bottom edge here Is what we're talking about of a stop run Break of it trap volume move back in and then other side of the range or other side of the trend or price channel Okay understanding again absorption which it did absorb up here after a stop run Hey sellers in control in here. So we have a lot of different pieces now And the order book is we didn't really have that But we do see the aggressors coming in and we were looking for those aggressors, especially down around this We said around 22. Well, here's our move Okay, so now the bottom of the range in here and this would be the first Area to consider maybe taking some profit or maybe a little bit lower here, but this was the first swing Okay to look for okay, and I like to front run those a little bit and and look for Taking in front of those areas Can you filter for a bigger players in the ES to absolutely the trader map pro? Really fantastic tool it you it these order book filters though. They only work with MBO data Okay, so that's market by order data not market by price and Only this only the CME futures is what offers that at the moment Okay, let me show you where you can get it if you're interested If you go to book map comm and then you click on the more button here and you go to our marketplace here MBO bundles here. Okay, click on this So once you're there, then you'll you'll see this is what you get the MBO bundle and includes trader map pro All right, so it's 134 a month these are the indicators that you get okay the Stops and icebergs sub chart on chart the quiddity tracker pro and then trader map pro Okay, so you get for now we added this on to give more value to this MBO bundle and kept the same price So we're continue to add More and more value to it and and it's not just trader map pro It's not just one product in there. There's several algos in there within a trader map pro for filtering Which is great And here we go. So looking for these sellers in one more. Let me see if you have anything Looking good in here. I'm not really not really. I mean the order book looks pretty good, right? We finally have something on the order book on our side. That looks pretty nice Okay, we don't have the aggressors now really and what about this top edge up into here now there's some buying up in here I Do like the market structure here made a higher or lower high here in a lower low in here at least so far So I would be looking for sellers to hit down here Into a 19 and a half and then maybe we can get our break now as well. See how that the trend has changed here Right or at least it is going Potentially sideways. We've got a lower high and now we have an equal low Okay, so I'm still rooting for these sellers to hit it into Yeah, basically our 18 or 17 level now in this scenario earlier what we covered and let's see it sellers Hit it. I'd Still love to see this order book. We just don't have it now. It was looking pretty good here But it then we're not seeing too much right now See how it's dark in here and we can see you'll see the buyers rip it right back up into these areas a lot of the time Hmm Stephen trader map pro allows you to yeah, thanks, Louise. Yeah, he put the link in there It allows you to filter your heat map They buy orders. So, you know the market by order Data from the CME allows you to do many things See see how the buyers came back in and ripped this higher. This is why we you know, we look for all pieces in here and If we're gonna get that continuation move to the downside the The trader map pro So what you can do is you can filter for actual order size and that's pretty amazing So look at our COB column here This is complete You know liquidity it's it's an aggregate of all the liquidity at these price levels at each price level And a hundred and seven hundred one eighty eight a hundred and three so But how many orders are in here, right? So this is the total volume of orders or liquidity in here case and this is not Transacted volume is just the you know, how many orders or how many how much liquidity is here And what you can also we don't have it in the order book in here yet. We don't have a filter in it We've instead found that we can show stops in icebergs and then we can also show the And filter the heat map based on orders So what we were looking at earlier here In this example of trader map pro you can see it made a new symbol Trader map pro And then let's take a look at it Is is filtering for a percentage of the In the order book and it's about 12 orders here Okay, so 12 or higher, which is about 62% of the order book here This one is by by percentage and that's the algo that is working here Okay, and look at the job that it's doing anything that is Above here's 13 right there or there we can see it here, right? There's 13 orders there Hey, so It's a it's 12 or above here's 12 right here Anything as as lower than 12 do not show right, so one order for size 12 and We're filtering for it Okay Yeah, it's pretty cool Steven. I think it's amazing and to understand this behavior in here. What's what's actually happening? I mean You know this is what players are doing. All right, let's see any more questions or maybe over in YouTube There was a question from a trader earlier today about the mark or the Delta the Delta columns in here Didn't matter and a few others have really done some had some really great example nice work using the The Delta column in here and I have it here displayed Let me actually remove it or hide it and then we'll add it again. So In fact, let's just add all of them all that volume columns in here Okay, so right now I need to have one column. That's just book map requires it We have the COB column our current order book If I right-click in here and I insert a new column it basically will duplicate and pop it out to the right the Same column Okay, but then I can right-click in here and I have all the different options of what columns I want to choose And in this case, we'll choose volume column Okay, now it says CVP which stands for chart range volume profile and that is showing me the column here and the volume within this Specific price level Is showing buyers and sellers total volume here? Okay, and you can see with the distinction between the two sellers are red and Green is our buyers. Okay transactions. These are transacted orders in here Per price level these this is volume profile so Now what we can do though is we have some other selections in here So right-click in here and you can see it's on chart range volume profile right now or chart range accumulated We can also look at session accumulated now. Now is showing me a volume profile of all of the transactions that I have accumulated Since when I started book map, all right, so This is a much bigger volume column, of course If I go to the chart range, it only shows for my chart range What's viewable right now? So as soon as some of this data goes out of the chart range, you'll see this Column change. Okay, so watch all this volume in here. You'll see it go down Right, so there you go Anyway now in the chart range volume profile or even session we can we can insert a new column, right? If you want to duplicate it just insert a new one it duplicates it and then right-click in here We can look at a session and a Chart range of volume profile Now if I right-click in here again, and we go to configure I have many different configurations in here to take a look at I can split out the data I have since we have it buyers versus sellers in here You can inverse the split you can look at it in different ways You can look at bars numbers bars only etc, but I want to show you this though the Delta column so instead of buy plus sell right now that it's showing or Buyers and sellers split out This is going to show buyers minus sellers Okay, so it's only going to be on each Price level it's going to be either red or it's going to be green it has to be It's buy minus sell or nothing so it can be nothing if they're equal Okay, so and that's it That's all it's showing now What's interesting about this is we can really identify in some of these ranges in here look who took control Remember how we've talked about taking control of the market Well buyers took control down here And look at the the Delta column in here for this chart range Okay, this entire chart range in here. This is where buyers moved it. Well clearly you can see that here So they remain in control So all sorts of things can be worked out from understanding this information And we can look for what if we come back down below here And well then this would be a lot of buying That maybe didn't took take their profit so maybe maybe They would become sellers down below here and that would be the Speculation on that And so you can really identify some of these areas in here now again Look at this up here. See see this cluster of buying right now at the top of a range or a trend Okay, watch how sellers will come in and move it back down to where maybe they can take control And now see all this buying that they're still in control of this move here They'd have to get down to here And which is the swing? To try to maybe maybe move it away to get a stop run or you know have these traders Trade down here and be sellers down here. Okay, so that's that's what we're talking about here and Looking at the And one of the use case scenarios see look at this here watch watch these I'm looking for a little trap right now I know these guys are on the hook. I see sellers here, too Okay, now do we find more buying interest in taking this higher? We might We might and if that does happen, what does that mean for these sellers? Well, then they're the ones that are trapped and then we get the move to the upside Okay, but this cluster at the end of the auction doesn't look good Okay at a higher higher high. I Mean they can they can feel the squeeze Okay, now if again if they don't feel the squeeze And they're still in it They still have control Right and we can look at a scenario of coming back up here and then breaking out of that area and going higher And then that's where the other scenario here that these guys selling here are gonna have to cover All right, that's why we want to really understand our stop runs in certain areas That that's that gives additional insight All right, so and look at here this guy's pulling up here at 2028 Did we get a big stop run? No, we didn't so the scenario is wide open here for buyers to rip it higher up into 3031 and Let's see them do it. They should be able to do it They're still in it Lot of buying another stop run here though Morning Deborah. So that is where your confusion lies trusting a level for a long position Then a stop run happens Well, okay, so how to kind of put this like I think identifying players in you know that Remain in control of the move might might be helpful Deborah And then understanding where they're gonna be, you know trading to get out of the move And that would be your stop runs And so here's our move and you know, we didn't have the order book here entirely This is good that they pulled here. That was nice We didn't have too much on the on the bid here, but we had we had two two key elements in here We had we identified the potential stop or the potential traders that are going to have to cover With the trap volume and who remains kind of in control in these moves And we're looking for maybe this little cluster in here, right? That's what we're looking for originally for them to get stopped out and move back down into, you know Some of these lower areas here. Well, we didn't get the move We got the opposite and then we know now that if They can start to feel the pain in here These sellers we can look for that move higher up into here Okay, so we we got our move up into 30 not not 31 at least yet So Deborah just just remember one thing about stock runs and because a lot of traders Initially think that because there's a stop run it's going to move the opposite way and that's just not true It may be a stop run and it still accepts lower or higher depending on if it's a stop run to the downside It still may accept lower And stop run doesn't matter in that sense what matters is understanding that people got stopped out and Then what happens after that? That's what matters. Does it accept lower? Or in this case, does it accept higher? And do we still find more buyers regardless of his stop run or not? Okay, and then we were covering this in here now. This is getting interesting up here Yeah, right into this area here. So Whereas I was looking for earlier This move here, let me just clear the drawings for a second the move Remember we talked about this when the the webinar started at 10 And we saw the the selling coming in Balancing off of the point of control or like high volume node in here And then we went through a couple different scenarios that we get this move up retest back down and then go down below well The retest did happen it happened up here around 34 and we went through that scenario And then then we finally got the move lower now This is where I'm looking for the continuation lower in this area here And we didn't we didn't get that We got the move down below and then that's it basically I came back up above And it's been accepting higher Okay, so we did get the move down here now We would assume then that this would be a stop run as well and it is it's a big one the biggest for the day so far Hey, but and in this case here stop run below the swing And then the buyers came back in Okay, now we have a lot of factors though. Look at this higher time frame a picture here You know, we've got liquidity here here in here on the offer getting filled buyers taking it on We're up at a higher time frame kind of If we look at the at least the market structure here Which is actually breaking right now interestingly enough And we have this swing up here All right. Well, let's see then then I'm looking for for since we're at the tops of these range ranges in here We're look I'm gonna start to look for exhaustion By the buy side. We're not getting that. Okay. I still see buyers up in here I'm looking for absorption here, which we already have Hey, now I'm looking for a lack of buying up here And I look at the the order book and and the buyers in here There's a little exhaustion there, but I don't see any sellers coming in yet. Okay, none Right, so If we're at the tops of these areas in here We got to have those pieces to look for a move back into the range So this is still continuing to break out a Debra. We will have pretty soon. I Promise we'll have some videos here that should help Okay, what to look for in a setup we go over it again and again, but I Think this will be a little bit a little easier for you So basically like Debra. I we had talked about this the Again just taking keeping it really simple and looking for just Let's clear our drawings Market structure first, right market structure is so important and Again, it it's on all time frames Our our course on market mechanics talks about the very basic market mechanic Mechanics and an understanding market structure and just like a couple of ticks Hey, which really matters and we take that same concept and idea and then when we zoom out We look for the same things I look for the same things on a monthly chart As I do like on a you know second a chart 30 second chart or something Okay, so up here look at look it up in here, you know market structure Let's take a look here. So we got a kind of a break out of the channel here And here's a retest back up here And I'm looking at the volume up in up in here. This is what I want to look at up here I want to look at volume and liquidity Our market structure is kind of strong. It broke this And now I'm looking for a lack a lack of buying or absorption or You know different scenarios in here to look for or maybe we See some buying up in here and then as it pulls away quickly Back down here, and then we can look for a move back down to about here It kind of top of the other structure in here, which matches pretty well It's around 31 or so and our trend line So a few different scenarios to look for or maybe maybe you know goes kind of Go sideways or goes a little higher and then maybe it's 32 in the swing here That starts to match up with the trend line. We don't know that Okay, but market structure wise. This is what we're looking for Within the structure now we want to look at the order flow And so what does the heat map show us well here high liquidity up at 35? Hey, did it transact? Let's turn on the volume dots Hey Some of it did some of it didn't They're buying under here as well, so still looks like we're still finding some some buyers here Okay, so now the buyers can take it up into 36 Okay in concept in here. We want to watch this one really carefully in here Is it gonna this move down below here and this selling in here first off it wasn't a stop run Okay, this is new selling coming in Okay, now we're gonna get our answer and now high liquidity here at 35 Hey high liquidity still it's up at a higher level in here, too Okay, so we're reading again this top level up in here Trying to understand the order flow so we know there's more supply and more supply some sellers and some buyers All right, so we're you know, it's it's the European close or London close right now and We're not getting too much insight at the moment. Actually, I like I like this We had the order book in here starting to bid up and we came back up here We just didn't get any buyers up here now we're getting them and They're pulling here so buyers can still take this higher 36 38 36 37 38 Okay, but watching it carefully here You really want to buy at these higher levels and if we see something really good then we would we would I'm not really not really seeing it yet Nice little stop run up into 36 All right sellers, let's see if they can pull away here our selling has to be right right around here 34 and a half There they are. Okay. Now sellers can drop this now to our 32 area and they're not Still still buying up in these areas here. So it's still Yes, you know what what looked is what looked to be kind of clear in here. Is that not not as clear this liquidity came in and Back up here now if we see the sellers take them on at 34 and a half I like it and I'd love to see these guys pull here and then looking for the move back down to about 32 Hey, there they go. So sellers did move it. All right. Now. Let's see. He's looking for continuation on the sell side here Hey down below our swings and our 32 area here Okay, well we got to the bottom of the channel Still would like to see it go further into that 32. I like the swing down here 31 looks even better. This is where it broke out from and there's liquidity down there All right, so I would be stopped out of break even at that and I just look for the next I mean it doesn't it really wasn't all of that all that great I'm just going through an example Debra to how to reduce risk in here You know if you're starting to see something like the order flow move here should work That's why we look for it to move, you know immediately it should work out And if it doesn't then you know something's wrong So reduce the risk Hey, so that what does that mean that means you're probably gonna have a lot of break evens or small winners small losers That's fine And then look for, you know Holding to get to know some some bigger winners and I would really recommend like don't don't try to Knock it out of the park here. Just just try to build confidence when you see something And you're looking for it to move in a certain way because of the factors that you identified in the order flow Hey, and then it should should work out I mean It makes sense. I mean that that's the edge. We're trying to cover and go over by understanding the order flow And then if we get that Then we should get the move that we're looking for And just reduce risk if it if it doesn't unfold and the order flow can change and shift and that's fine And here we go again now this this looks pretty good, too I like this up in here look it made a lower high here Look at the buying up here, right very very little and we're starting to get sellers here. So now If we get a retest back down here, and I see a big red dot. I'm looking for the break now The other thing that I'm looking for is that you know that order book to help us on and I saw just a little bit here See how they're helping right here. Hey, I want to see them pull down here as well That would be the best Hey, now I'm looking for those red dots here to carry this through on down into this liquidity down here Okay, so here's here's our exhaustion up here and now we're looking for the retest back down into some of these 32 31 level Colab you're looking at your advances the clienters. Okay. Yep market internals there another Another thing to look for like Deborah is like when we identify these factors In the the order flow, we're looking for them more likely the move to unfold, right? and Was I going to say just you know taking taking these these winners in here will build the confidence Okay, when they start to unfold And now I know you're in you're in you're mostly in demo. I believe And or in simulation, which is fine Hey, but now go back in and find these same examples many times over Okay, so what factors are you looking for up here? Okay, well we got our exhaustion and lower high we have high liquidity up in these areas here And that we have this selling cluster down in here. Okay, so it is unfolding Another factor in here, this is what I was going to mention another factor in here is time time is part of the equation I Shouldn't use equation is a part of the It's one of the elements It takes some time for these things to work out and this case you can see the back and forth in here This is exactly what Wycoff talks about in terms of accumulation and distribution All right, let me jump over to discord here. Sorry guys. I Didn't pay attention in here Fantastic Thank you slowdown. So guys you might want to jump over here into the discussion all markets Bruce here This is where we you can see I'm presenting here and the people in the in the webinar here in discord you might want to jump over in and Partake in the discussion. This is where you can see a lot of The discussion going on here, you know slowdown stand. I mean really really great great stuff in here Here's stands, you know take on the order flow and what he's looking for in here marking these things up and his position As well. He bought in here as you can see Etc. Now what slowdown has done is that you know, he's got some great images in here that I showed earlier up here for example and then He just put in this list here, which is really nice order flow clues so Yeah to to kind of have this as a checklist in here Or I'll speak to you more about this. This is right. It's really funny that you mentioned this slowdown So I'll have to discuss with you more about this. This is gonna be part of the education that we have as a checklist But to look for these things and really understand it in here You know looking for the spread the move or the speed of the move the slope of the trend Okay, that that gives a lot of insight now. We're looking for a lot of volume on that move as well You know understand the rotations counter rotations. You can look at ATR, etc and You know start to understand some of these things. This will be this is what will lead you when you start to answer these questions Lead you to a more probable outcome because you understand the behavior in here by the players And that's what it's all about. You know, you can start to understand that Okay, so we do have that move into 32 at this swing here. This took a while to play out Okay, this was looking pretty good up here Now it could have reversed and it could have gone higher You know, we would we would look for What the order of look at the clues here in the order flow to give us that insight see now in hindsight This is much easier, right? Well, here's our high liquidity on the offer at this lower level And then where are our buyers in here not as many not as many green dots in here. We see a lot more selling here in Here and then here in the move lower. Okay All right. So anyway We'll go over it more and more, you know again and again, but yeah, thank you slowdown for putting that list together really really nice and I'll be I'll I'll reach out to you soon very soon All right, thanks everybody. Thanks for coming. Let's we'll wrap it up here and We'll call it a day. We'll we'll come back tomorrow same time 10 a.m. You might want to partake in the discussions over in discord if you like like I said some really good imagery in there That explains what we're looking at or and other traders and what exactly they're looking at That can be very very helpful. All right, the discord channel is free and open to all If you haven't come over already. All right Thanks everybody for coming and we will catch up with you tomorrow at 10 a.m. East Coast time. Thank you