 Good morning traders and welcome to the book map real-time analysis webinar here live webinars at book map and Good morning everybody. Good morning, Noah and Others here morning everybody Luke all right, so Sorry, sorry being a little late. Oh my god. Just meetings after meetings and Anyway, let's get started here. This is based on our educational course. It's online We have multiple streamers every day We go through that course content here in the live market So we put it to the test and so that you can learn In the live market forward-looking analysis not hindsight. That's our goal here Rob that coffee looks good and Then we have real-time analysis with Jay trader a stocks trader and Scott Pulsini a futures trader on Wednesdays and Thursdays We also have a full lineup in our discord chat room. You might want to go over there and check it out Right after this session. We have Tom B with volume profile and then after that we have options with Doug Who will go through his options strategy and then we have? Right after that we have the algo boys and Jean will go through how he Trades the markets so very specific Insights from These professional traders all day long so you can come over to this cord. We also have it on our YouTube You'll see it in the line up there Let's go through the disclosures and let's jump in okay 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 the substantial risk of loss and is not suitable for all investors Pass performance is not necessarily indicative of future results. All right, so let's Take a look here at these markets and see what's going on very choppy guys like yesterday to very choppy and I think the mark is you know kind of bigger picture here in the order flow I think the markets kind of got caught off guard a little bit with the unemployment or the non-farm numbers on Friday Whereas FOMC last Wednesday was in line with expectations thinking that They're gonna stop raising and etc. And then they're really everyone was really kind of caught off guard here And what does that mean for the markets now? Well, no one really knows so and that what does that mean in the order flow? Look at it. It's a mess So we're seeing sellers down here buyers up here, you know sellers down here again trying to move it We may get a move here. Let's see if we get enough sellers here Right now in fact you can even like kind of in this Instance here if you see sellers in here This is where you can even like get kind of a jump on it jump in Trade it down here. Now. That's only a couple points down to this 110 Take some off and then hold your runner. Okay, and then you know look for that to unfold here. Why why? In the middle of the range and here we're kind of near the end of the range Here's why is because they're buying in here and they'll they'll have to be sellers on the way down If they got it wrong here, okay, so And it's worth taking a shot right and a very tight stop on on something like that, you know probably just up here somewhere and You know then then like I said take some off down here We're we don't know that there might be a stream of buying coming in but I'm looking for sellers to move it here Okay, we can go over why as well because of this pattern in here like we're making Lower highs and equal lows here and slightly lower lows. Okay. Look at this one this pattern up here Okay, this is an order flow pattern of buyers come in Retest buyers come in again. Where are the buyers up here? Okay, this is known as exhaustion We don't have many buyers up here You look for the sellers to come in in these and in these lower areas in here and here's here They are right and they're gonna move it away from this area and these buyers in here and in here are gonna get Stopped out down here and here's our stop move. That's CVD. Hold on Let me get to stops. I know it's gonna be a stop run and it is okay. This is a stop run here All right, so we know that they got stopped out. That's just fact That's what the stops and icebergs indicator can show. All right, so there we go right now Did you hold for your runner? maybe you took some off at the bottom of this range in here and Maybe you're out because you know, this is choppy Or maybe you held and you had your stop at break-even and you got stopped out at break-even fine, you gave it a shot that was in your plan and You were And you traded it correctly and you took some profit and you mitigated the risk And then you just look for it again And again and again. All right, so That's that's how it worked out this time. All right now like I said, there's so many different ways to manage this We've talked we talk about just basic basically we just talk about two or three Sometimes four or five different ways of managing it. Let's just talk about two Let's suppose you saw it in here and you got in here, right? We were talking about that right in here. You got in okay at this ten and three quarters. Let's call it All right, so your stop was up here. Okay at 13 or so. Okay, so about about a two-point stop two and a quarter and then You took some off down here from At the bottom of this range. So, you know around this kind of nine and a half level here all right, so you mitigated some of that risk and Look for it to the next level, you know, maybe This swing down here or you know, maybe you're holding for a bigger bigger move here now This is why I'm covering it here because this is choppy action and you'll have to figure out what you know how you how you want to mitigate the risk and risk is Is the game here mitigating the risk, okay, we are all risk managers Okay, we can all trade different ways, but we all have to manage risk It is just essential to manage risk Let's see if you're not gonna like the chart just saying which one Rob, are you talking about? Oh Can you look at the higher time frame Rob? Okay Yeah, yeah, we can I will I want to cover these points and then we'll look at the higher time frame Rob, okay So anyway, what I want to go over is like, let's suppose you got in here, okay Maybe maybe you took some off at the bottom of the range in here. Okay, and you you know, that that's a feasible a solution I Think we were talking about 12 or something as the I know is two points, but Anyway, let's just go over this. Okay, so you took off some here here Okay, and Now what now what do you do? Okay? Well, let's let's double that here All right, and now let's take this and we're going to move that To our break even overall up here. Okay, does that make sense guys so now we can move let's suppose this was our stop here Okay, we can move it. Let me just get rid of this All right, and we'll go with it line segment Okay, and this was your stop up here right around 13. Okay, so now what you can do is you can move it down to the overall break even So you took some off your overall break even on the position is up here This allows you to manage to stop a little bit gives a little more leeway, right? That maybe you're looking for a bigger runner in here Okay, and and you might do that because like you know, it's choppy, right? So it depends it always depends on on the market conditions in here and That's another way to consider managing it if you took some off down here And you moved your stop at break even holding for your runner You would have been stopped out at break even up here All right, so just want to cover that a few different ways of considering your management and you would still be in this here You would still be in it right? Letting it work out Now is that in alignment with your higher time frame? So let's take a look at that and let's answer Rob's question of what the higher time frame looks like Okay, but right now there it seems to me they are moving or Traders are moving price away from this value area here Okay, so what we would look for it to explore down into this liquidity down here Okay, and we might get even a bigger move, right? We don't know But we're mitigating the risk along the way All right, so there's how you can integrate some order flow In in a setup and risk management within it in a pretty choppy environment here All right, so let's let's take a step back. Let's look at our bigger picture here All right, so I've got three different candlestick charts up here on different time frames Our daily is on the left hourly in the middle and 15 minute on the right the the daily well, this was our FOMC in the move up Up into these areas and this is pretty bullish for you know some months in here, right? We we see this strong move down That's when everything was falling apart markets falling apart the dollar is super strong And then we see that the market, you know traders are thinking that maybe we're going to be coming to an end with with this Interest rate hikes and then we get the kind of push to the upside finally over here at FOMC And then we had non-farm And this is our non-farm bar up here on the hourly I believe and And then you can see that here's where we opened up yesterday All right, and and move to the downside so And now now we're basically continued. These are regular trading hours. That's why there's it's not 24 candles in here All right, so it's an hourly chart with the regular trading hours. So yesterday I I was thinking that well, we opened up down here. Let's see if we can get price exploration down here And we got this big, you know wick here and there was buyers in here Looks like the you know that see if they can fill the gap up in this area here And it just didn't yesterday was super choppy and then here again today like, you know, we can see here's the gap And we see sellers down here. So looking for sellers to hit it down into this 40 one oh two Or oh three I should say Somewhere around here And we see that there's some buying wicks in here right now So let's move on over to the 15 minute chart and let's take a look and let's look at just today's action Okay, we can see yeah, it's choppy but Let's see if we can get down into the the swing down here From is that o4? Yeah, I guess it's o4. This is the swing down here Right and just a retest into that area where all of that buying came in yesterday Now let's go through some scenarios in this chart here So we have the gap we kind of filled it basically and we see more sellers in here Okay, I don't see any big selling bars yet though. It's pretty choppy in here. However, we opened lower And and we see that these are red in here so far, right? So we know there's more selling pressure But these aren't very big bars. There's not a whole lot of selling Movement or moving the market I should say So Maybe though if we get a test down here, we'll break this and see some heavy selling And then we'd be looking for down here to like 40 88 And maybe down into here where they broke out around 73 Maybe down into some of these lower swings in here Okay, so we'll be looking for that scenario in here in the order flow Okay, let's let let's take a look at our 15 minute chart So rob is this answering your question on the higher time frame and I'm going over this and maybe a different light in here because I view these Here the same way I view book map This is order flow to me even on the daily or the monthly it doesn't matter Whatever chart it is. It is order flow Uh, and I'm Rather convinced by that that is like we found buyers in here that moved it away from this area here Okay, that answers your question. Good. Um So here we here we can see like on our 15 minute chart. Well, we have wicks on both sides, right? So it's choppy but we do have like uh kind of uh But I would say I don't even know if we have a bias here. It made a higher high here and it made a lower low here So it's pretty it's pretty choppy in here So, you know, we're looking to see if we get that follow through maybe to the downside Uh Or we're going to look at some order flow in here in the current market and see if maybe so there's some trap volume That might get priced to move back up and it's up into these buyers up here or these sellers up in here And in the wicks. Okay, or or opposite the move back down into these areas here All right So we'll look at it and we'll look at book map and then we'll look for those scenarios in the order flow To give us insight for the possibility of that move Okay, and it is the order flow that will will tip our hand Uh to the direction. Well, look at this here. Okay, that's a lot of buying now. Look at again. This is what tips our hand here Okay, this is what's going to be the trap volume here And look at the heavy buyers here and we know there's a stop run here on the other side Okay, there's a lot of stops triggered in here. Okay, it's the sellers in here that are getting stopped out in here Okay, so now Let's let's take a look here. So Uh now we got we have our our consolidation. We have a breakout of consolidation on strong buy volume Okay, so let's take a look at the scenario if this is going to continue Then what are we looking for exhaustion here on the sell side? We got it Do we get buyers here? If we do I'm looking for them to come right back up to the top of the range here at 13 and a half And if we still get buyers in there, I'm looking for uh, this liquidity to be tested up here Uh along with this swing. All right, and maybe even this liquidity up here So this one looks pretty good 15 and uh about 15 right so uh now Do we get our buyers? No, we didn't we got some in here, but not enough nothing What we're looking for to get back up into these areas here and try to break it. Okay, nothing yet All right, so let's take a look. Let's read the order flow now And we can look at this on a much lower time frame and it will still give us insight here To what might unfold so here look at the liquidity in here in the order book They pulled it and then they added here on the offer It's really back and forth Hey, just by this liquidity in the auction in here Um, we're not getting too much insight to who's in control. Okay, here we go Now look look at this high liquidity came in and what it what was the reaction? Buyers Okay, here's high liquidity on the offer. What was the reaction? It's kind of muted now. We're some buyers Okay, buyers then can take these guys on and trade into and through them and on up to 15 Let's see if we get it here Okay, they pulled here great now. Do we get buyers here? Okay a little bit Let's see it buyers now. They're pulling down here though, too Okay, so again Still kind of looking for that to unfold here But it's just it's not as because they're they're both pulling in here. It's like, well, what are they doing? What what's going on in the auction in here? It's not too clear Okay, so yeah Still kind of looking for this 15 level here Right. There we go But just not as high probability Okay, so again this this the order flow in here is telling us what the market and the players in the market Think about this potential move up into 15 And here's our answer Right, they started to and then they pulled it Or the sellers came in and just moved it very very very quickly the other way Right, so you could just filter out that trade Okay, so it we just know that the market participants in here weren't giving us like a pure directional move Therefore we're going to kind of stay away from it Hey, why take the risk when when the other players in here aren't really telling us much about it All right, so let me get to some questions in here I'll start over in discord Uli asked a question about swing trading. We'll go over that We can do a full episode on that in the future as well On swing trading no no problem Even yeah, potentially a series in here I just note that like why we're going over these in such lower time frame is because we can We can read the order flow. We can go through the scenarios and And then Put it to the test. That's why we're doing it on these smaller time frames But this is the same thing though if we're going to do a swing trade, there's nothing really to talk about Like in the swing trade in here, there's right now What what are we going to talk about in the swing trade? potentially trap volume here Maybe if we get buyers up in here, but we'd be looking for buyers up here though, right? Maybe to break and then up to 22 and then on up to you know, maybe highs in here In a potential swing trade Okay, so it it would just have to there'd be a lot more waiting around on a swing trade Other times we do see it very clearly like this would be like some sort of double bottom pattern in here Very clearly on a higher time frame move. And then we look for the follow-through on the buy side Okay, and we've seen many many instances of that and how that plays out Okay, which is which is great Oh, no, I was on mute this whole time in here. I'm sorry guys In discord, okay Yep, sorry Nadias Is bruce by the way, not dug dug dug is he'll dug is on later Doug will be on at 1 30 p.m. 130 to 230 And options Yeah, my bad on that. I'm sorry Uh on youtube though, let's get back to the questions over there Okay If I had to start all over with trading, how would I start? I I think it's been such a process Uh, it's been very similar to from, you know, other people I've asked Uh, I'll I'll answer that question. Uh, but um Okay, yeah, thanks rob I'll do a video is good on youtube over here. Uh last iceberg. Was it a buy iceberg? I don't know. Um, it looks like, uh Uh selling iceberg to me. Um, but uh, okay, so here's our order flowing a higher time frame from a higher Uh view here, right? Look at the option the uh the offer look at the sellers Yeah, I think it looks pretty good on this time frame that sellers should hit the figure down here at 4100 Okay, how do you how do you get in it? You just jump in right here? We we saw sellers come in It looks like they're gonna move the market Uh, you get in Right, uh, I mean you could look for a pullback here, but you might not get it It might just move like right on down to 05 and then you get a small pullback here So why not get in up here and then you're already like in a better position than you would get on a pullback That might only be to like, you know, uh a couple points back um, so, uh, uh, yeah now, you know This this we have a few things to work for Working for us here on this higher time frame move into 4100 the figure Okay, just to take some off down here. It might move down to 40 90 Okay, but look at the selling coming in Look at the structure in here too. Like You know some higher highs in here. Sure Uh, but uh, it's really sellers lower highs lower, um Lower highs lower lows in here and we get sellers in here Okay, so Now we'd be looking for them to pull away from this value area here And do they have enough selling pressure to do that? All right. Well, we got to take the risk. You know, that's just how it is in trading. You've got to take risk There's no, uh, no two ways about that In fact, I saw it it was on youtube. Uh, it was years ago. There was one trader young guy Uh, who was talking about quote stuffing, uh, which we can we can talk about if you guys want But he said basically that is really no risk trade. Now. That's an illegal practice uh quote stuffing, uh, and what it What it is and it's a scalp, uh, it's not a high time frame move, but you're more or less guaranteed Uh for the trade to work for you with the um quote stuffing It's again like a prohibitive, uh practice, uh illegal basically you Uh note that a lot of uh They just there's a flurry of of quotes Uh that hit the market and it kind of slows down the the the exchange because there's so many uh and um And they're they're partially getting filled in those areas too now what that means is that there's so many quotes in there Maybe someone gets filled But uh Or they're getting filled, uh, but they're going to dump it off pretty quickly to someone else Uh before all those other quotes Um, you know are finished reading for someone else that's further away from the exchange Yeah, it's a yeah high high Uh high entropy and uh volatile mark. It doesn't need to be volatile. Um at all It just could be like let's let's stuff the quotes Uh and uh, just so a massive flurry of activity get filled kind of in between it and then dump it off to somebody In a different area. Uh, it's not really a squeeze either. Um, it doesn't have to be It's just really just You know, maybe you can get more out of it from a squeeze See right now there were this this is this is like, um Okay, the structure is still intact here for the move lower But you know, this is a pretty uncomfortable environment here Uh that you know, you you're getting in in here and then it's working against you, right? uh, you're looking for the breakdown, uh, and uh You are getting the big poll back here. Now. That's the risk That's the risk of getting in in in an area down like in here someplace, right? That you are looking for them to push it and maybe continue on Uh into 4100 Here's your bigger pullback here. Okay, so if you're a pullback trader, then you're happy as a clam Uh, and uh, if you are, um, you know, just jumping in trying to get a ticket on the train while it's moving Uh, maybe just got stopped out at break even You know, maybe you took a stop loss Uh a small stop loss different ways to manage it, right? Um, but uh You know maybe and maybe the buyers come in and upset the whole apple card up here Uh, when uh, if we get a lot of buyers up here around this, uh, a 12 and a half 13 level up here Okay, right now it's still holding Okay, but uh, you know, there's some pretty strong buying in here and in here It's it's just pretty range bound basically it still looks pretty range bound to me Uh, yeah, so let's see here. Um I was going to answer someone else's question Uh Oh, if I had to start all over again, okay. Well, let me just let me just say, um No, I mean basically In a nutshell like You know, I mean we we've probably read every Just about every other book there is out there Not all of them, of course, but all these different trading books. We've we've learned about all these different ways of trading all these different things Uh, and um, you know, what what applies to us? Uh, I started I ended up kind of Looking at, you know, some volume studies like volume, uh profile and and uh footprint charts, etc Uh, and you know got some a lot more insights with volume Uh, and then I came across book map Uh, and I understood the other side of the trade and how important it is to understand the auction process Uh, and truly how these markets work Uh, so once I started to understand that Everything fit into place Uh, so that was just the process I had to go through And now, uh, you know, you can look at any anything We can look at candlesticks in here, uh, and we can understand a candlestick pattern So much better now About like why does it fail or why does it work? Uh, and, um Like uh like in here, this would be um, well, this would be your wick. Here's your your your clothes Maybe you're looking for sellers down in here For the uh for the move back down to the bottom of the range Well that that candlestick stick pattern worked Right that worked But here's why it worked Is because we have this volume here Trapped we we see exhaustion here There's no buying there's no buying looking for sellers here At at the bottom of the candle we get them If we don't get them here What if this candle looked totally different, uh, and um Let me just get the pen tool out What if this candle uh looked totally different and it looked like this Hey, what if we got um Uh in this this red little little candle here, okay, what if we got a lot of buying up here? What if we got more buying up here again? Well it the candle would look pretty similar to this right? Uh, except that I would at that point this is looking pretty good for continuation to the upside Right, it's because of the transactions and the order flowing here Uh now that didn't happen It did this instead it exhausted right here I don't see any buyers at all and it can't even make an equal high really The high is up here And there's no one trading up here. No one That's when we're looking for sellers down in here if we get them here. Whoops. Sorry If we get them here and we do not not very good It's not it's not bad either But if we get the sellers here Then we're looking for the continuation down to the bottom of the range here And then maybe we will get the continuation on down to our 4100 All right, again, that's what made up this candlestick chart Here or this candlestick pattern in here, right, or it's basically these two. Sorry These two here Okay So does that make sense now and that does that that's where like now we can understand like oh, okay Now I understand why this candlestick pattern works Or doesn't work why it might fail And to what degree might it fail? And Like this one right here now we're starting to break this trend line and we're we're testing up here. Are we getting buyers? Yeah, we are Okay. All right buyers. Let's see something in the order book here too. And then I'd be looking for the move up into here Okay, and it would come up into this swing up here in this liquidity up here Okay, so And yeah, if this looks really good in the order flow here and it's not bad It's not great either Then let's see. We're getting a we're getting a bit of a pullback here Let's see if they if they come back again and we get buyers up here at 13 and a half If we do that's this is what we're looking for is this move Okay All right, so anyway, so all of that long Winded answer and just learning in here Uh, the the pieces all kind of came together And and that's what um Was really helpful for me Okay, so Yeah, and you want to look at volume profile you understand what makes up the profile You understand like that for example volume profile is not perfect at all. It's I think it's it it's very It's good, but I think there's a lot of limitations to it this profile in here It's buyers and sellers and it's mashed into this this like a long Whole thing here of volume that this whole range here of volume is mashed into this little area in here Well, I don't care Let's suppose. There's big volume up here and it makes up the majority of this and then there's exhaustion up here Well, a lot of people might be thinking well, okay. It's a kind of p-shape profile, you know, I'd be looking for the move higher well, if it exhausts up here And we get sellers in down at this area here look out, you know, they're going to drive it And they're going to drive it back down to this level this level and maybe it will continue to break out All right, so That's where you get the understanding of even understanding a volume profile. What makes up the profile? Okay, and understanding there's a limitation in here because it's only horizontally aggregated here So now what are we getting right here and right now? We're getting buyers Okay It's not now look look at is it this kind of buying do we see bigger green dots up in here? Not really Right, so it's it's again. It's it's not we're getting them. We're getting them But we're not really getting the kind that moves the market here Hey, we might we might come back up here and revisit Again context in here like okay, some buyers great not enough though And then see the sellers already here. This is where they're going to drop it and they're going to test Back down to here or this liquidity here And then maybe maybe they can test it lower here Okay, you can see what happened. They only tested this swing here. That's it And buyers came right back in Okay, so now in my book. This is looking even better if we get buyers up here. We should get a break Okay, because they they They tested here it rejected. We didn't get sellers and we're getting buyers back up here again. Wow That's telling us something and look at that liquidity is pulling here at 14. They're adding here on the bid Great. Okay. This is higher probability. We'll get buyers here and lift it up into 15 and to 16 and a half And we they basically we didn't get them up here not yet. We still may though And then then watch watch out They're still here on the bid. This is good It's all looking good here. We just need to get a few more buyers in here to get this cascade going to the upside Okay, and it should we should see a stop run too Okay, look at the offer now. See the see that how this is changing is dynamic Now we have exhaustion and a lower high in here. That's not good for what we're looking for Okay, so this is not it's just it was high probability in here. It doesn't look so good now Okay, it changed I know that that sounds that's kind of hard to swallow or or it's it's it's hard to Like we we were looking for it and we saw a little bit of buying up here We needed a little bit more everything else was aligned though. We had the the bid here We had them pulling here and then Well, they came in on the offer in here and well, we're the buyers. They didn't show And now they're showing over here And now there's more on the offer and we're getting sellers here Okay, so that that that complete this dynamic changed in here Okay, so let's suppose you got in up here We'll just just get out Okay, or just wait Until you have something really clear when you see a lot of buyers like this Happening here because this is looking pretty you know pretty paltry up here by buyers And then here come our sellers And now sellers should be able to break it here I would imagine and we should we should be able to get a move back down and A test down into some of these lower areas in here. Maybe it just tests this swing here So anyway, um to get back to I think, um Luke's question in here Like learn order flow and then These other things that you'll read about like using volume profile or or, you know, whatever it might be It'll make so much more sense Or candlestick patterns or whatever So look at this. We're back up here. This is how choppy it is Okay, that's not bad though now look at this buying here Okay, there's a pullback. Okay Okay, now I would look for buyers to support it here if they don't right back down to the bottom of the range And I I don't see anything in the order book right now But I do see this cluster of buying in an auctioned up here And that's good if we can get more buyers back up here again All right, let's look at this. This is where we should get them to move it right here We should get buyers in here to move it back up and retest here Why because we had exhaustion here and we started to see some buyers come in here So if we do get buyers here, they should be able to move it back up to here Okay, and just test up here. That's all Just that auctioned here before it can auction here again. There they are. Okay. Now do we get more up here? Yeah, we do Okay, this is higher probability now Okay, there's one there's a caveat in here. We're about the bid. What about the offer? See how they're still here on the offer. We want to see them pull We want to see them add on the bid Okay, that's where this becomes higher probability up here And it might happen Let's see let's see these guys pull here. We'll be looking for it now. They're adding see how they're adding in here Okay, well, we don't have all the pieces here This is and what I mean by the pieces in the setup in here Is what we're looking at in here is these players are showing supply And do we have enough demand in here to meet that supply and we don't So it is it is the the behavior of the players in here that we're reading and that's what's giving us insight It's not like some sort of mathematical problem It is an auction and we're reading it in real time here and understanding the activity of these players and what What the players think of Some of this supply up here for example so Luke I I would really encourage you to Go through this part here on our educational course and on bookmap.com. I go down here to Educational course click on this view full playlist and just watch this part one and maybe part two Okay, I know you probably have already But this is if you understand market mechanics in here And really what moves the market then you'll be able to apply any trading strategy to that, right? Like what's on the offer? What's on the bid? Why does this why did that market move lower or higher? in here, uh, then Then you're going to be able to uh Um, you know understand the volume profile the p-shape profile the the um Whatever it might be You know, how how does this affect price? Uh, and then these other strategies that we have been reading about in these books like head and shoulders patterns It will have a whole new light A whole new light like, you know, this could be Maybe a potential reverse head and shoulders here shoulder head shoulder Okay, now what are we looking for though in that? Well Sellers here maybe some selling in here lack of sellers in here more buyers up in here Okay, was what we're looking for in the order flow Uh to make this pattern work And we're looking for them up here. We're looking for our buyers in here and just We didn't get them Even up here like not not bad not bad But uh, it's just it's just been back and forth in here Okay, so at some point this is you're gonna break and or fail here Thanks, hazard. Yeah, everyone's kind of waiting and watching for Powell To speak and get a little clarity. Yeah, I that's the the real big question right now Because uh, I think uh, I think it's pretty pretty clear Powell. Um after that, um employment report on the non-farm And that uh, you know Interest rate hikes are are still uh in the works In my mind Okay, what does the market think of that? Well, we're that's why we're getting all this chop market doesn't know what it thinks of it Okay, let's see here. Here's some exhaustion looking for our buyers here. Great. Okay Now, let's see if we get our break out here. Were they traded into this 14 level? Took them on All right. Yep. Let's see it buyers. Let's see you move it up into 15 and now 16 and a half Okay, so finally what looks like we're going to get our follow-through here that we're looking for Several times in here for that follow-through Okay, so now here's our breakout into 15 Uh, I'm still looking for higher here 16 and a half Uh, and let's zoom out here. Let's look at our bigger picture. Yeah, maybe 18 maybe up into this 20 level Okay, so now here's our order flow shift and change Unfolding in front of us in real time Okay Okay, understood. Does that help uh illustrate? Uh, and maybe even put a little bit of a pattern in here of this kind of inverse head and shoulders here And then here's the break Okay, so now mitigate some risk on this now now we're going to talk about something completely different That was reading the order flow Now now I'll talk about risk management on it. Okay. Well, take some off up here at your 16 and a half That was the target because that's where the liquidity was Okay, and then hold for your runner Is a possible solution or maybe you're all in all out, you know, uh Maybe you got you got out up here. That was a higher probability move. Great Look for the next one Maybe you'd trade a flag pattern in here impulse move pull back impulse move again, right? So maybe you're out Uh, maybe you got in on a pullback in here and maybe uh, or maybe you're looking for your uh, Your buyers up in here in the in the break again here in your flag pattern Okay, so lots of different ways to to skin a cat. So let's get back to YouTube Yeah, um, uh pcs Um I love market pulse so far. I this has been just such a good tool Yesterday I kind of struggled with it to be honest, but we'll bring it up again And and I think it was just you know, look it's new to me too. Um But that volume pressure and market pulse when you get those And when you get those correlations together all and I'm sure I'm pretty sure that we probably just saw the Cor I mean, maybe you can maybe you can verify it. We probably saw the correlated markets in here, right? All working together in the stock indexes with volume pressure I would imagine Uh, if that is the case then this is an important level for these markets Okay, that this breakout is important. It means all the markets broke out Okay, we don't know that I don't I can't verify it But if that is the case look for a bounce here, here's your pullback trade right here Okay, I would look for all the markets to be supporting it in here Okay, and I'd be looking for another move back up to here 16 Okay from here a bounce from here on up to 16 Okay, that's another way to start to understand and read the correlated markets in here And let me I'll explain more about that and what I mean by this is What are these market like we're looking at the price of the s and p e many here But compared to what? Right now, we know it makes up an index of 500 and this is a derivative of futures product, right? So, um, okay great. Well, so we know all that but still compared to what? You know to other what about the dollar like what about what are people doing with their dollar? What about the bonds? Uh, you know our people shuffling it like maybe into gold as a safe haven Or maybe the bonds the interest rate products Um, what about other indexes? Will will they put it more into tech? And are those tech stocks? You know, would they would they buy that instead of more than the s and p? Okay, so we can look at and understand compared to what? And that's again context and it's a bigger picture context Uh, and that's where this market pulse tool can be really really helpful I'm just loving it. I'm a I'm a big fan of it and we'll bring it up in just a second Let me get through more questions here since I've been really going off on a tangent here Uh, what do you think about having a higher time frame candles overlay? Yeah, sure. I mean, I I do that a lot Rob We can look at we're looking at five minutes here. We can look at an hour doesn't matter You know and start to understand these these Patterns in here as well. So pretty strong move to the downside, but yeah, we got some buyers in here, right? We have some buyers in here in this wick or you know, we see selling in here selling But buyers were able to move it up and this is this is these are the buyers in here Okay, we got another move down here and we made a lower low here Hmm Okay, well in this structure, we're still bearish then on this uh, uh hourly candlestick chart, right? So this makes sense that maybe we don't we come up here and that's it for our little head and shoulders pattern in here Maybe we don't get more volume up here at 18 And that's what we want to look at here. So there's your bigger picture perspective on an hourly chart Okay, so this this chart here. Yeah, not bad not bad Uh, you know, we do see lower low and a lower high so far So this is still bearish here on this hourly candlestick chart. No no question Right, that's that's that it's just fact um, and um Uh, well, if that's the case, let's put some order flow around that Understanding what we're already getting it here. We're looking for sellers down here And we're looking I'd be looking for some really heavy selling here because this is the point of control right here And if we're bearish what we need to drive away from this area here in this point of control, which just means it's very, uh The most traded level we need to see sellers move it away from that area So we're looking for heavy sell volume here If it's going to move away and we're getting it. Okay, so down to one down down to this 41 10 would be the next stop Okay, now Are we getting that really heavy selling? Not really So down to 41 10 looks pretty good But we're probably going to get a bounce back up here to 13 All right, so again again context in here. How much selling is moving it away? Right, this is pretty choppy So, you know a move back up here makes it makes sense in this environment in here. This is what the the Uh The order flow or the participants in the market are kind of telling us here And that's the read Right Okay Yeah, rob it's up to you really uh that just start to understand these things in the order flow And that's that's what this course or these webinars are for so that you can apply it to anything Right, and you can jump over to uh tom b's volume profile um Course or uh next webinar here, uh and understand, uh The order flow within the volume profile Great, right look at this see how this tapered here In the profile Well, that just means that there's a lack of like transactions down here But in this view right here if we get sellers in here We should get the break and we'd be looking for it to go lower 108 106 back to the bottom of the of the profile here Okay sellers moving it away Okay, and that's unfolding right now Okay, and and it's a demo in real time This is what it kind of takes now. We weren't so sure about this move Initially it's starting to pick up a little bit though. It looks like Okay, look for the spikes in the in the in the selling in here and then the move lower Yeah, I mean, I I really don't go through a lot of features and components in the in these webinars in here Luke just because uh There is um There's so many uh Try to keep it simple in here And answer you guys questions a lot of people are looking at volume profile Well, you can even look at the profile in here. We'll look at it. I mean, this is definitely a B shaped profile Right here's look at this tapered edge up here Uh, and then big big profile here Okay, and this is turning into a big big single distribution right now um And we haven't seen this is actually looking pretty good For testing the bottom of the of the profile down here because we are starting to see some sellers come in Okay, but now look at it. Look at the context. We're seeing a lot of buyers come back in It's been it's just been choppy another one guys jump over to uh Well, we have after tom b and his profile Trading and order flow. Uh, there's options with dug Uh, and uh, he has a very unique strategy going through his options Uh and really understanding, um higher time frame Uh kind of outlook and bigger picture on options And then looking for order flow within the underline Okay to support that bigger higher time frame outlook Uh, it's a great great strategy. Uh, there's also the algal boys. We have gene Um that and he'll be trading and he's he's a really good trader Uh, he uh He talks about some of these things of like the exchange between Hands up here Buyers and sellers. Do we see the exchange take place and who takes control? Okay, and book map is just beautiful at showing that exchange like right in here some of that exchange took place There's high liquidity that traded Okay, so uh, that's how you can start to read and put these pieces together Okay, now look at this here. There's did the exchange take place on the on the uh Uh with sellers and on the offer. No Not yet Right. Okay. So then buyers can can you know, they can move it back back higher We were looking for the move uh, potentially uh back to the middle of the range here or back to the point of control That's unfolded. Okay. Now. Let's look again here Okay, have have the have the sellers really Uh has that exchange taken place yet? Not really I don't see it in here in this move yet Okay, so do we get buyers up here? Okay, or do we get them uh here buying down here? So we even see more buyers in here Okay, so again like you know some really good educators in here guys, uh You can learn a lot from and you can apply that then to any strategy that that you're looking at So they are starting to show on the bid here, but did they transact not yet? They even pulled that liquidity here. Look at that. They didn't even transact here Okay, so what does that tell us? Well, not much So we're not really looking for a move yet. I mean, we don't we don't have that context in here Just did nothing means reversions kind of it kind of does uh captain price Yeah Yeah, I mean it could be a range bound like I don't I'm not comfortable with it But uh You you could look at it and you could look at your higher you could look at your candlesticks up in here Of like, you know, look at this wick up in here in this swing here If you don't see like, uh Something up in here likely You know, you're gonna get just it'll fall back down into where it can trade Okay, which means poc which means that that is your mean reversion trade Right, if you don't get any kind of order flow event up in here, it it just can kind of slip back down here Okay So, uh, yeah, that's that's I kind of feel the same way I just want to see something in here tip its hand for that mean reversion trade Uh, and usually it it starts with a lower high and some sellers in here You know to to drive it back down lower Yeah, yeah, well we have scott scott on thursday luke. Uh, so, uh, yeah, he'll he'll get in there and uh Yeah, you can reset these columns in here. Um To you know, a certain time, uh Of day you can clear them you can reset it on a double click I mean, there's all sorts of features in here guys, uh with with these, um With these columns or with many of these things even the heat map the volume dots There's just all sorts of settings in here to play around with to get what you want I am usually demoing the the default mode here so that Uh, uh, you guys are looking at exactly what I'm looking at Okay, now look look at this in here Okay, so Sellers on you know the kind of the bottom edge in here our buyers come in In here like a Lack of sellers more buyers Here's here's our double bottom pattern in here in this little area in here Just meaning that on this retest down here very not many sellers the buyers come in buyers are moving it now We know that the sellers really haven't come in yet, right? Even these guys pulled here. So this means it can go higher 15 Okay, they still haven't come in yet Okay, so buyers can still move this until that exchange of hands take takes place Hey, this is something gene talked about in the algo boys, uh room Okay, so we're still looking for it to go higher Okay, until we see exchange take place And yeah, maybe it happens at 15. Maybe they pull Maybe we see aggressors on the sell side come in and that exchange takes place like that Yeah, we'll get that market pulls up guys. I'll get it up. I'm still going through your questions in here Okay, there see see how we're up at 15 now Starting to exchange maybe a little bit here, right? But there still could be more buying pressure There's not there's not that here's here's our answer right here Okay, so again now let's see then did the is that enough in exchange to take place? No, it's not here. Our our buyers are back in We're still seeing more buyers. Okay, we're looking for higher still looking for higher here 16 and 3 quarters 17 Okay, make sense uh, let's Let's uh continue on Okay, there's our 17. Okay, let's take a look at 17 now Okay, starting to exchange a little bit still going higher still buying pressure stop run Okay into high liquidity up here. They're they're transacting now. There's no question there All right, so they're starting to transact Okay, so now a little bit of exchange has taken place here all right Do we still see buyers? Well, they're on the bid here a bit. They're buying a little bit on the bid So are they reloading? Is this a low volume pullback? They're reloading and we get more buyers and come back up here to 2021 Yep exactly Okay Supply and demand very very simple stuff economics 101. Um, but like really starting to understand it here in the auction Okay so anyway again like uh This advanced webinar here. Um, we'll provide you the foundation for understanding. Uh, these other traders and what they're looking at Uh, and uh to to really get into the details in here so you can build out your trading plan Okay, luke luke send me your instagram. Uh, put the link in here. Uh, you said it's got 9 million views. Oh my god Uh, uh, yeah fantastic Yeah, the nq's been acting weird. I I bet um captain price like I mean, this has been a weird market Last few days. This this has been a beautiful move here. I mean, we know it's a big stop run too Uh, but we we we read it down here like did that exchange take place and we said no not really or and then it started to in here But there's still more buying pressure. Okay, still looking for higher And then we just had this big stop run and this big move up into these areas here But now the now it's starting to take place Okay They're also we also noted they're reloading in here too on some of these areas like right in here I we just see it's just supply and demand like what I mean by reloading is that there's more uh buyers on the bid Uh, and they are buying here Okay, so the exchange is taking place that we know that there's more buyers in here basically And now it's starting to get tested Yeah, now we're starting to see some sellers. Okay, but did they buy Well, they kind of pulled that liquidity here last minute, right? So these guys didn't buy So maybe we will get more sellers in here now. All right, let me just lots of questions keep them coming I mean, this is great good discussion Is there a should have the market is always right? Um Uh, yeah, I mean I I I've gotten kind of some heat for that. Uh captain Thor or um I'm sorry. What is it fat Thor? Um Uh for saying it should do this or should do that. Um Uh, the market doesn't need to do anything All right, there is no it should but it's just understanding the supply and demand and due to that Uh, kind of uh in balance. We would look for it to be more probable Okay, so you got your instagram luke. Thank you Well send which which video I'm just kind of curious it is if it's sewing order flow, uh waiting Uh, how many more bears want to short it? Well, that's what that's what this is really great. Uh captain price is like, yeah, okay Well, what do the bears think are they going to start pulling? They're up here right now at 22, but are they going to pull? They say like, yeah, you know what? I'm not going to exchange hands with you guys right now. I'm going to be up higher That's where we see them pull the liquidity And we want to understand that that's weird so, uh Some of the fang stocks kept leading the nq, but the but the nq is hesitating. That's kind of it's kind of odd All right, it looks like i'm caught up on questions. Um And let me let me check discord here Uh, you go and go a brother chromatide go and go and ask uh them, uh, or gene and the algo boys About the exchange. I mean this is it's just beautiful stuff. Like it's just it's another way of of describing what's going on buyers meeting sellers right, uh and Or maybe a lack of buyers here and then selling pressure here So market just kind of curls down, uh, and it finds, you know, uh sellers To move it to find buyers at a lower level down in here Right, so like right in here. That's possible Let's see Because here we just didn't get any We don't get any now. We're getting them. Okay, and then here's some supply here But but look look what happened As soon as that supply came in we actually found buyers interested in it right making the transaction So that's that that gives us a little bit of insight There's more there's more sellers there now now the exchange is starting to take place Okay They're pulling a little bit though and it's not really heavy liquidity in here that that's transacting It's just some uh, let's take a look. Let's just zoom out. Let's look at our here. Here's our hourly candle Right. This is pretty bullish now, right? Uh, we broke out on heavy buy volume Uh, look for the move back up to here where they dropped it at 24 Okay, bigger picture stuff Nice. This could be a nice, uh On a higher time frame looks like a beautiful potential Flag pattern now flag pattern is it it's an order flow event strong buying Take a breather a pullback followed by strong buying That's what we'd be looking for Well, that's what makes up the the the pattern now what what we want to Um ascertain is up in here Is there strong buying again? Are they able to trade up in here? Are they trading into and and exchanging hands here with sellers? If they are is there more buyers or is that exchange over now? And right now it's not too clear not too clear There's buyers up here. They traded into these guys though But they partially traded too. So this is really murky Up here, but we know that though. We know that condition here Okay, so yeah, here we got some sellers Okay, but all this done is traded to the bottom of this little range here All right, let's get this market pulls up here again, uh and try to get more insight here Uh, I still have the bonds up here for the correlation with the bonds the interest rate products Uh, and I think we'll we'll continue on with that or we can look at stock indexes But we're going to look at that inverse correlation with the bonds Okay, so this is the two-year let's look at Let's look at the five the 10 and the and the 30 Okay, and let's let's just look at those here All right, so now we're looking at a negative correlation in here we're looking at, uh Basically if they're buying bonds it means they're selling stocks to get out of them Uh to kind of flight more into Uh an interest rate product Hey and a little bit more safer risk Risk off Okay, and we look for this to kind of look for some heavy transactions in the bonds one way or the other And then we're not getting any There we go. Look at the 30 year They're selling here. Okay. So selling the bonds Down here that means at the bottom edge. Okay, so let's let's do some let's look at some order flow now Here we'd be looking for A break of this trend line and buyers up here Because they're selling the bonds means maybe they'll transition into um The uh stock indexes Okay, they're selling the 10 year now Okay, now we got high liquidity in here. See you see how we can kind of put this context together High liquidity here at 18 and a half Buyers a little bit of buying here. Okay buyers Uh fat for the if if buyers are coming in these are selling off Then the buyers should be able to lift it from this kind of 19 area here on up to 20 Or 21 and a half or so Okay, we see a little transition of buyers and sellers in here Okay, and there's still more sellers. There's still more sellers here Okay, but we have high liquidity here. Okay, now they're buying the bonds So this is this correlation here is not really working too well for us. It's giving us kind of conflictions here What we do know that they they're staying in the order book here. They're transacting here They did pull here though Okay, all right. So now do we get our buyers up here? A little bit. Okay, you should be able to move it on up 21 Okay, we're at 20. All right. So we this is basically a little bit more kind of higher time frame with the correlations here together with the order flow Let's zoom out. Let's zoom out and read it Look, this can still just be a pullback in here And it still could be a flag pattern Selling the five years selling the 10 year Okay A little bit of exchange of hands in here Got us got to see buyers up here though. Okay There they are. All right, let's see. Let's see them move it up to 41 20 Okay, this would be the anticipated move Due to buyers in here on the bid And some of this selling here of the Of the bonds and of the of the notes Wait, it's taking it sweet time here This is where I ran into like an issue yesterday We had such good results with this Market pulse tool like three or four sessions beforehand And then yesterday when the choppy market it was like I leaned on a little too hard And it just it always it always is the case. It always whips me Is, you know, come back be humble And read the order flow what what is the chart telling us? What do we know and be flexible with that what what the read is? And that's it, you know, once we start to understand like there's more Likelihood due to what the players are telling us in here and we objectively read it The the better the the anticipated moves unfold Yeah, exactly captain price Marcus not sure what it wants to do That's what the kind of read was I thought yesterday And and today as well We've we've gotten a few few nice moves Today much better today But just make a distinction too of like when not to trade it's like well That's not looking that great. I don't want to I don't want to buy that or sell that if it's not looking that great All right, here here are buyers right now has an exchange taken place. Yeah, it has like there has been some buying on the bid in here Okay, we got buyers up here Okay, so now I'd be looking for more buyers back up here this 19 and a quarter And then I would be looking for them to try to reach the sellers at 20 21 and 22 Okay, are they on the bid a little bit, okay Let's see our buyers come in And let's see them move it up into these areas here To find the sellers See the selling starting to pull a little bit here Okay, there's a little bit on the bid here, but we're finding sellers in here This is just slop really back and forth in here Uh, there's a little bit of buying though right in here So they're still buying basically So again, I'm still looking for this move up here And then higher all right buyers. This is it now you got these sellers here on the hook So we should I would be looking for a stop run from here on up to here as well So a flurry of buying Okay And a stop run Okay, here's our stop run And here's our little flurry of buying. It's not really what we're looking for. We're looking for more than that Yeah, we're talking about some little micro areas in here guys. It's not really micro, but it It's it's lower time frame But the this holds true on these higher time frames as well Okay, so yeah here. This is our pullback and then looking for the move back up into 22 Okay, makes sense And there there we go. There's 21 and a half Still looking for higher though Looking for 22 minimum Okay, let's let's zoom out. Let's look at our bigger picture I yeah, this is this is the area. We were looking at earlier up here 22 ish I think where the sellers came in maybe you can go a little higher maybe 24 23 and a half up here. Okay, we can look at a measured move as well Let's do that And why these measured moves work? As well. All right. Well, that would be up here around 27 28 Kind of top of this range up here, right? Or this one little swing up here Okay, finally you got this squeeze captain price. Excellent Good one Yeah, peter pulse the market pulse should work in replay mode. It does not right now All right guys. Well, let's let's wrap it up here and we'll call it a day Please hit the like button here. If you like this video, this helps us a lot and We'll cover more things that you guys want and ask questions in here We'll put together some polls like, you know Come into our discord ask questions in there Come to some of the other streams in here as well And again the way that we have our education set up here The advanced webinar here provides the foundation For you guys to be able to trade anything that you want That's our goal So that you can now slip into tom b's room And read the order flow And understand like why Like, you know a pull away from this has to be on strong volume Okay, and do we get a trending market now? Away from this whole value area that has been chopping around in all period All right, and what it what it would look like. What is more probable? Putting that together and understanding at the same time a candlestick chat pattern of an hourly chart a pattern of a A flag pattern here. What makes that up? And also your your volume profile all of these together But it's all about what's happening here In this in the order flow here is what makes up all three of those Whatever it is that you're trading it does not matter Uh, no, there's the Malak the Measured move has complete sense to it. It totally makes sense. Uh, let me just go through an example All right, here's a measured move And why? Okay, so here is a measured move Why? Because people in here You know, maybe they're getting stopped out up in here like, you know, maybe it's half of the range. So maybe it comes up to about here Okay, which would be this one Or maybe it comes up into here a measured move and there's structural areas in here as well Okay, so, you know, it's because of people's position in here uh, and uh the um People getting stopped out and the way that they're trading back up into here in these areas here And you'll see why there's structure like this and why it makes sense It doesn't always happen, but a lot of times it does Okay, so just trying I'm not I would love to debunk it all And say like yeah, it's all bs. I I think really I really think fibs are our bs I don't understand them like yeah, I used to trade them. I used to trade all the fib patterns Uh, but it just seems so random to me and like I don't think a lot of traders are looking at it Okay, but I know a lot of traders are looking at vwap That's for sure And there and a lot of larger players are trading off of vwap and now that's one line It's not a moving average It's not like the 50 on a daily or is it a 50 on a five minute or is it a 50 on a on a 15 minute Or is are they looking at the 18? Who knows? right So we're looking for Things that that makes sense that most traders are also looking at that's what's going to They're going to react to that and that's what's going to help here Here's a beautiful measured move unfolding right now. Just just beautiful And we have two measurements there. We had our flag measurement And we also have that lines up rather nicely with the range measurement here as well Okay, if you like it and you and and this is something you look at great Just look for the order flow to support it Okay, and it is okay. We're getting buyers here Okay, uh, and now is it gonna break? Is it can continue higher? Well here we had the some exchange starting to take place right? Sellers here sellers here exchange starting to take place. I'm still looking for it to go higher I'm looking for 30 here. I think there's still more buyers in here than there are sellers Uh in this exchange here Okay, so maybe it's gonna outdo the measured move. Uh, maybe there's still more more more momentum in here Okay, we'll just have to read the order flow in here to get that get that insight Okay All right, uh, let's see here. Um Every treasure dream used to be a falling event in the market. Yeah um the Yeah, I love this market pull stuff too like I'm still looking at these bonds and still trying to gain more insight in here with these correlations, uh, the best correlations I've seen so far has been Uh, the dollar index for sure or the euro dollar because I don't have a dollar index in here Um, that's what the ice exchange. Uh, and then also the stock market index is put up the russell ym Uh nasdaq uh compared to the es are they all hitting on all cylinders? Then the move is so much more likely All right guys. Yeah, uh, thanks for hitting that like button. Thanks for coming. Uh, tom b has already started Then options with dug and then algo boys later Uh there the algo boys is in the discord chat only So you will have to jump over to our book map discord to check that out, but it is free and open to all Thanks for coming guys. Have a great day and we'll catch up tomorrow with joseph. Uh j trader and some stocks Okay. Yep. Take care. Bye. Bye