 Good morning traders. Welcome to the book map live trading webinar. This is Bruce at book map And we do this webinar Good morning traders. Welcome. We do this webinar every Monday Tuesday and Friday is the live forward-looking analysis and the goal is to educate you in the live market on order flow And at a very very high level. So what we offer is an educational course So that is the precursor to this live webinar So learn from the course and then apply it to the live webinar And then we also have live trading from Jay trader a stocks trader on Wednesday and live trading from scuffle senior futures trader on Thursday you might have seen it yesterday So let's go through the risk disclosures and we'll jump right 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 The risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Okay, so we just had some data This morning. What was it here? We had core retail sales or retail sales and Kind of a muted number there actually a little negative on the core Or I'm sorry the retail sales the core was actually in line or I'm sorry was you know, it was positive Anyway, we got some market movement out of it. So let's let's take a look here And see what's going on. Alright, so we see the move to the downside here in this S&P Right into high liquidity at 70 and 60. Hey, let's zoom out a little bit here and let me clear the charts And let's take a look at what's going on in here. Alright, so what's happening in the order flow right now? Let me get rid of that and put in stops in icebergs. Okay. Well, you can see from 5 a.m Here the move to the upside continuation of the move to the upside right into beautiful move just beautiful strong moves into 15 20 25 up here a little bit higher 30 But never got up to the 50 level up here. Alright, so And then we can see the at the move down Pretty pretty wicked move here 9 30 a.m. We see the Some back and forth here the move up looking like a great continuation on up into trend continuation on up into 50 Well, that was the hook And you can see what happened here and the breakdown below and the continuation after the data here of retail sales All right, so where does this take us from here? well Let's read I want to revisit we talked last time about patterns And then I kind of floated this idea of very non traditional pattern I Wanted to take a look at and I wanted you guys to go through And what what you thought here? To look at it in a very different way a Pattern very very simple pattern Okay, who's in control of the market now this will Create the foundation and the mindset here in order flow and So let's let's go through this again, and we'll extrapolate we did this on some weeks ago as well We'll extrapolate it to the higher time frame. Okay. There's a beautiful area right in here at at 3690 And let me talk more about it in just a second here. We'll get rid of the trend line in fact all right, so Mark up your charts mark up your book map. Let's go to the drawing tools. Let's go to rectangle Okay, and right here at 845. Look at this powerful strong move here Okay, in fact, there's kind of one followed by another But let's just we'll just mark it all the way up and then I'll mark this little area in here as well Okay, because that's where it kind of pause for a minute Another kind of strong move in here All right followed by this one here and now Let's take a look at the sell side. Okay. Well Where where are the strong? We're just looking for the strong moves. All right. Well, the strong move is here, of course Followed by another one and this one is data related. Okay? Economic release of retail sales and Now we can start to mark up some areas in here And some of these lines in here. Okay, so I mentioned this 3690 Okay, this is why look where we broke out from right here And we see buyers look at the sellers pound it down to this area and then some back and forth in here and The it was a continuation pattern. In fact, if you look at this pattern, what is this pattern guys? What what do you think? Okay from about 940 on so what Just hit us up in the in the questions there in the chat and also in Hold on a minute here in Discord, let me get to there Okay, so this was a five truths Slowdown you put in the five truths that was from that Trading in the zone. Yep. Yep. Excellent. Excellent And then good morning, Rob. Good morning, McLoko So alright, so guys, what is it? What does this pattern look like to you guys? Hey, very very simple straightforward pattern here Okay, probably one you probably read it in the first Trading book that you got at least I did yep AC correct and McLoko bear flag Guys look for these bulls and bear flags It's a continuation pattern, of course But what we want to mark up and look at is the strong move Okay, this is gonna be really really helpful for you Who's in control in these moves? Because and look at the pullbacks in some of these moves in here. This is strong selling in here And then look where this pullback came Okay, just below the swing here these things line up in the charts and there are reasons for it In fact, it's a low volume node. Why is a low volume node here? This doesn't just exist in a vacuum here This came up though your profile and your low volume node came up because of this strong move away from all of this here and Then a pullback to it and a rejection from this area price didn't like sticking around here at 36 95 any longer And then we look for the continuation now the continuation is a little more It's very straightforward here. It is right and Let's see if we get more continuation here and a continuation down to 35 now All right, so sorry guys that I want to cover that this is another strong move So we're looking for the continuation. Okay, the next one down to here All right, you could have jumped in right right in here to fall and and your stop could already be at break even on Something like that when you start to notice who's in control and then the continuation of taking control Okay, we go through we've gone through this for years Okay, but we look for these on the bigger higher time frame Okay, so we can mark them up and we can start to understand these levels in here And this is going to be really really helpful now. Look where we look where we came down here About half half of that move in here. Okay, so in fact, let's just mark this one up and Let's get rid of this one and let's move this one here. Okay, this would be a more like a measured move here Actually, this would this is the measured move to be honest. Okay, it already did it so Yeah, I'm still looking no 435 because the liquidity is down here. Okay, so you can even see some profit-taking right there Right, you can you know, we're trying to I mean we're marking these things up and you know, maybe erroneously Justifying that this is profit-taking in there you know from that measured move but What we what is what is undeniable is that there's a stronger move here on that sell side Okay, and it's a continuation All right, so Look for these areas in here and we want to first identify them by marking them up Okay, this will set the structure on All time frames here. Okay, not not just this very small time frame for the day here All right, so let's go back and let's look at This chart. All right, this is our 15-minute chart on the right a candlestick chart one hour on the in the middle And then our daily here on the left on the daily This is a pullback in a in a well Hmm, it depends on it depends on how you want to look at it here Yesterday, we had just all sorts of crazy action. We had the CPI data the move to the downside And then the cash open here. Look at this cash open Amazing went to the downside and then look at that rocket move to the upside Okay, this was obviously some data here. It was ECB and We we can see the reaction here now Guys, we're just not making this stuff up. It's all in here. Look. Why did it come up here? Why did it it just came up to this swing up here and it failed this is actually where it opened up, right today Up here Uh, I don't know if it did it fill the gap on the overnight. Did it it hit 3750. Didn't it on the overnight? I'm not I'm not sure I would imagine it probably did and then it opened up here And then the move lower here. So um, maybe it didn't and this gap still remains open here Okay, but we know one thing for sure is it went above the swing here just slightly And it rejected pretty pretty harshly Okay, the hourly chart we see two hours to the downside here at least this is a developing second hour candle here all right, so um Now what I want to do though what we want to do is we want to look at the um The strong moves here And um, this will start to develop into flag patterns like this Okay, so that's why we started with this move here and and guys, you know, I know it just it maybe uh Uh Tuesday's webinar or it was Wednesday's Wednesday's webinar might have been um kind of simplistic And maybe you guys were rolling your eyes on some of it just thinking like this is you know, uh for kids uh Yet This is the basis here for understanding a flag pattern All right And uh and understanding continuation in the trend pattern here as well Okay, so we know we started and I just jumped in here noting it right around in here that we're breaking down looking for 35 Okay, so we've already come Uh pretty close to it. We've come down to 40 a little bit below that. I'm sorry. Let's just zoom in here and be specific Okay, we're at uh 40 Three and a quarter and there's 42 still looking for our 35 down here okay, so uh Anyway, very very powerful patterns in here All right now we can zoom in to much smaller time frames and look for the same thing. This is a continuation to the upside here Okay, so maybe we'll come back up to about 48 in a in a in three quarters here Maybe 36 50 Okay, stronger move here followed by another one now it might fail here It might fail because look at look at this one here. It's just not it's strong up to up to here It didn't do a full move all right, so uh This is not as powerful and we also know we're in a powerful downtrend right now Okay, so now now we're looking for the continuation to the downside here All right, so let's see if we can get it here We're not they're buying off of it. Let's see if we can get sellers below here On 44 but uh, anyway, I don't want to drive ourselves nuts in here looking at the smaller time frame It does extrapolate to the smaller time frame though Okay uh, so the um Yeah, so we're just kind of waiting and watching for 30 for 35 here on this smaller time frame. All right the um Anyway identifying these these larger moves in here Works on all time frames. Okay. Look at the candles in here. Look at this very very powerful move here Uh, look at the pullback here and then look at continuation to the upside. All right, so Uh, now we're pulling back now here today Back into these areas here Okay, so just looking at some of those areas in here Uh, and uh, yeah, I'd be looking for these sellers. This is a strong move here on that sell side today today Look, we're taking a bit of a pause here and let's see if we can get down to here just right here 36 32 and a half. Okay. Maybe a little lower 31. Let's call it 31 All right looking for a test down to there Uh, and then maybe we will even get a continuation on down to the next level Okay, it's going to be the top of this range here at 18 Maybe it comes back and then it trades in this huge big range here from all that back and forth. Uh, yesterday Uh, or I'm sorry. That was on Tuesday. This was a tough day here. Um, that was uh, f1c and uh Oh god, I can't even keep my day straight. Anyway, there was a it was it was a tough day a lot of back and forth. Um, and um Yeah, let's see if we can get to the bottom of the range here. Um, maybe uh, you know around 83 or so All right. Now that's going through the scenarios based on This 15 minute chart. Uh and looking for pullbacks or I'm sorry continuation moves here Now on the hourly chart, we see the strong move is here And yeah, it looks pretty good actually on the hourly back to 18 seems pretty plausible here All right. Now, what about the uh, the daily chart over here? Okay, where are the strong moves? Well, here's one here Uh, some back and forth and here at this point But uh, we see the gap in the move up here that that'll also be a strong move But it was immediately countered by a strong move to the downside Okay, so this one is a lot more convoluted on the daily chart in here When we see these kinds of moves in here on the daily chart is pretty pretty straightforward Uh, you know, you look for that continuation into areas where By you found buyers coming in All right, same ideas same concepts here We're looking at in the in the and all time frames all time frames. Okay, so let's go back here What do what were we saying in here? You know, uh 35 right? We've already tested into it and below it here Okay, so uh, we were looking for that move to unfold here around 57 or so 50 let's call it even like 56 Uh, who cares? I mean it was a continuation move. Uh, it was a strong move, right? It's still a strong move Okay, so let's Let's go through this and start to look at This pattern On uh on the smaller time frames All right, and so we'll we'll put that put it to the test in here Okay, the larger time frames are are typically easier because you look for that move to unfold on the larger time frame Uh, and it's already set. We already know the direction here. We've already clearly identified it and we're looking for continuation Uh, and um, uh, yeah another another reason for our 35 You know is that measured move that that we had mentioned in here, uh, you know something like that To be precise Okay, so it's actually below 35. It would be more down to here Uh around 26 or so All right Now there's reasons for measured moves too. Uh, I don't want to I don't want to go into that Right now we've covered it. Um many times in the past okay, so uh It's it's just the the market activity and uh, you know, how much you know pressure the market may have Okay, so uh, yeah, I imagine there's going to be some coverage. We're down to about 20 almost to our 26 27 level here And the quiddies here at 25 though McLoco, you're you're seeing some divergence. All right Favoring the upside Okay, I mean this is where I really I struggle with the cvd. I really do. Um, you know It's uh, it it might be doing something now. I now I'm starting to like it Uh, so, uh, it's looking a little bit better here. So let's see if we can get buyers and retest back up to there We go. I was just about to say 34 Okay, so uh, there there's a um, uh a move there Okay, now that's a strong move Right, so and but it's still within this range here. It's not outside of the range in continuation Then that makes a big difference Okay, we're still in this range here and we see that Okay, now, let's see if they can break it and then move up to Maybe here 40 Okay, first move should be about here. It's already done it Uh, and uh, let's see if they can do it now Okay, so uh, anyway, like I said all time frames here Okay, so this would be Well, this is a small flag in here off of this small range here. There's your breakout. Here's your pullback. There's your continuation done Okay, so look for these things In this case mcloco your your cvd divergence. This might be a good area to you know, I mean You got to study it like like I said like you said around 18 you're looking for uh Around 10 18. I see the timestamp there. So you saw divergences in here. I think right And then it it continued um, but here, you know There was there was pretty good divergence, but there was some reasoning For it like it done it had completed its measured move here in essence Okay, all I'm trying to do is help like bring more confluence into your cvd reading That's it Right when you have more things aligned with your cvd reading like um, uh, then it it's more plausible For it to unfold All right, I I hope that helps Okay, so you can see what we've done now that there was two moves in here and we got our flag pattern. In fact You know, we're we're still kind of looking. This is a skewed flag here very skewed. It's not correct technically But you know, it's move one pull back and then move two I put it up to here just because that's where we drop from here And that's where the liquidity is here. I'll put 40 Okay, so we now we need to see now we're going to we're going to talk more about the Relative volume in here Okay, this is an important um Thing to understand as well. We've talked about it many times In the past about looking at the pressures and the selling Over here compared to the buying over here Okay, so Let's see if these buyers can lift it right now And we'll get another flag pattern kind of uh, based basically up to about here You know There's our there's our break Now we need to see a continuation And it's not it's not So yeah, it's not I don't know if this is quite a quite a flag pattern actually, um, but It's a breakout and so it's a failed breakout at this point Okay, down to the bottom of the range Uh, and I'm curious now. Let's see if we can get back up here By that buy side And then back up to 40 Okay, now if we can't And we see sellers on this at this bottom area here Yeah, there we are. All right, let's see if these sellers can actually push it now 27 and 25 Okay, so follow following that failed breakout now looking for sellers to try to move it on the downside here Okay, anyway, we'll just continue to look at these uh, these patterns here. Um, We won't go through that. We'll just go through the strong moves pull backs and strong moves Okay, so uh, now here here's a move down. It's immediately countered now It's kind of equal move on each side here. So this is a false breakdown right now Right what we're looking for in the flag pattern or Yeah, I want to I don't even want to call it a flag pattern. Uh, But I want to identify the players and the stronger moves and the vertical moves here That that's my goal here And what this would look like if that is the powerful strong move here Okay, is that uh, it would We would see this and we'd see a low volume pullback here now. We see see the volume in here Hey, that's not a low volume pullback Okay, so actually what it did was it broke above that that selling And then we've seen this a million times, right? There's our pivot point right here at 31 or I'm sorry 30 and a quarter And then it bounced off of that and now the move to the upside Down up to 40 Okay, so that's what it had to do in here Uh, it had to go all this back and forth in here now. Here's our flag pattern here guys I'm sorry. I missed it. Um, I should have should have uh, tried to go through it here Uh, it we see a bunch actually here's one followed by another Okay, another pullback here and then and then another breakout here. Okay followed by another All right, so you see this again and again and again Identify the strong move look for the pullback low volume pullback look for the continuation Okay Now the low volume pullback, uh, mclocal that's going to give you your cbd continuation patterns not going to be a diversions And you want that you want that in there You want to see like even if you see a strong move or I'm sorry if you see a move That that comes down pretty low here like let's say on this area here If you see the move come back all the way back down to here or even where it initiated from But you see it on very low cell volume Okay, then you would have your diversions that you're looking for Okay, just be careful with it because there is a caveat in there If price can come all the way back down here and then sellers can maybe try to take control here and then really move it All right, that's what you want to you want to be aware of that. Okay, so let's look at this one here Okay, so we're buyers still in control here right in this move And now we just broke down And now let's look on the other side here. What about these sell it this selling in here? Yeah, it's counter by buyers here. No, don't like it Don't like it. Uh, let me get to some questions here in youtube guys, sorry, I've kind of uh Neglected you there for a minute Oh, you can filter for the cbd right right now in here. Um, that that that's uh, you can even compare them Back and forth, uh, ac that's a great question. Let me demo this for you guys Uh, mclocco, you might want to be interested in you might be interested in this as well Guys, look at this. We don't know here. What's you know, there's strong moves on both sides here I mean, it's a bit of a low volume pullback But this is what I was talking about about being careful with the low volume pullbacks when it retraces all the way here This is we'll go through this example right now because this is important and and it'll help you filter for that Uh, that this pattern that we're talking about Okay, here's the pattern strong move selling no question about it, right? Right. Well, here we come we retrace here Okay, and then we're looking for sellers again here to really drop it and we got some But I'll bet anything there's an iceberg there Ah, the iceberg was earlier. Okay Um, and uh, we didn't get the continuation We came all the way back up here and let's look at the volume in here Okay, let's you can look at cvd as well Right here in front of us strong move low volume pullback all the way back here. That's huge divergence huge right You would be looking for the continuation here if you're so only looking at your divergences in here okay now It doesn't matter if if even if it's a low volume pullback up to the and retraces all the way here It doesn't take a lot of buying to move it back up and then have all these sellers have to be stopped out And we can verify that here. They are here's the stop run. There it is there Right here. We have an ignition algo as well Uh potentially or maybe they're just chasing looks like they're chasing. It's not ignition, but uh It kind of it kind of worked as both to be honest It did ignite it and they did get filled so they got the best of both worlds on that one Unless they were shortened and uh and covering but um Yeah, so, uh, anyway, um, does does that make sense? This is the big caveat on this Understanding these strong moves in here big big caveat All right on these on these 100 retracement see how this This area has turned in now to a battleground here Just around there Hold on Here all right around 44 Uh k h. Yeah, maybe you can you might have to come over to discord. Um in the advanced webinar Text room and then paste uh If you want to look at a specific image Hey, hey Al How are you? Nice to see you. Uh, let's see you're confused on how to spot low volume pullback. Okay. Really really simple guys today's Uh, we got Al in here. Al's a very very accomplished trader. Uh, and he's rolling his eyes. I'm sure Uh, so, uh, we uh, we're covering very basic things in here But I want you guys to be able to Hang your hat on some of these things in here And be able to have a structure to look at that's what I want And then this can then you can look at all sorts of stuff within that structure. All right That's uh, really what I want in here. You can start by marking your charts up from You know, just the higher time frame who's in control in areas here Obviously in this move here very powerful move Uh to the upside okay continuation today We had the move to the downside guys. What were we talking about here on the move to the downside? Here right 31 We talked about 31, right? We were looking for liquidity around that area as well We've spiked to it already. We're starting to find some buying or at least some covering Maybe after this strong move to the downside And now we're looking for are we going to get a continuation and then back down into our 18 level Okay, so uh, you know, you'll you'll just see this again and again and uh so You know, okay, let's take a let's take a look at some structure in here. All right, so we're looking still for Let's see if we can get continuation on the 15 minute chart Okay, so or on the hourly chart it's it's conflicting right now We know it's a strong move to the upside and then a pull back here And then it's kind of bouncing it might bounce off of this area and come back up into the range up here Okay, and there's all sorts of reasons for it. Right. We have fundamental reasons for it Uh for it doing that Okay, uh, whatever you're looking at you you can also look at the chart. It's telling you as well All right, so what we want to understand though, uh is is Who's in control in some of these moves? It will set the tone All right, and this is order flow So, uh, you know once we start to understand these moves look for the continuation. So here we go Here's um Now we're starting to get something to to take a look at here. Okay, so we have some pretty strong buying here and Uh, we we do see it. It did come up to the 3650 And we see buying coming in again here Let's zoom in here And let's look for it. All right. Let's see it. Let's see it buyers. Let's see you do it then back up to 3650 Okay Okay, we're leaning on this strong volume in here for it to come back up into this 3650 Okay, does that make sense? I mean like it's all of this activity here from previous Buyers and sellers in here Okay, so and these little hooks in here. See how this is like it just dupes you right gets you to shake you out of your position But go with the stronger move here Go with the stronger move Okay, we're still we're still like uh bullish here unless we see something very very different Right and that we got to be prepared for that. Okay. There's one thing about this one thing for sure We can count on in here Um, what is it that when you take a trade? Uh, what is it that? Uh, you you are uh, you you are sure that is a part of the trade Okay, uh, i'm not phrasing that quite right. Um, but uh the um What's a a part of trading? What what is um Exactly, uh element that that that's the what exactly what I was looking for putting on risk No matter what you do there is risk Okay, you cannot avoid it All right, so we can talk about all these patterns and all this kind of stuff in here Uh, we're looking for a higher probability move based on the activity Of traders that's the order flow part that we're looking for Okay, so uh now this this one's not not working out right? It's uh, it's come back down uh and and below this and this is the other side of the scenario that we're talking about Uh, and this is obviously going to be a stop run Uh, but um, no matter what you do you have risk so Let's let's just go through some deductive reasoning on that If risk is a part of every single trade Then we should be really good at risk management This is a major part of trading Okay, so just you know identifying setups and stuff and then you know It's exciting looking at if it follows through or whatever but be prepared for the other side of the trade the risk Manage your risk become excellent at risk management Okay, because this is this can be you know, it can do all sorts of things. Maybe in here Maybe there's some algo Hey that that read the volume in here Uh, and has the potential to move the market very for a very short period And they see some sort of imbalance in here Uh in the order flow And then uh, uh, let take advantage of that. Okay now look what's unfolded right after going through all of our analysis in here That's precisely what has unfolded here Uh something similar uh that it it's spiked below here But we're still leaning on all of this in here for that move up higher Okay, but the risk management part in here is is pretty critical Okay, I'm still looking for it to go higher here. Okay bounce off of this All right, so I'm just going with the bigger picture here well Let's say let's say the the bigger picture is actually uh moved to the downside We're going with this picture here from about 10 uh 28 onwards Okay, and this this uh, well Let's see if we can get another um Well, we got we got our two scenarios in here. I'm still looking for buyers to come in and try to pull it back up here Hey at least back up to here about 43 Boy, we have some a little bit of volatility in here We're gonna have some icebergs in there We should No, not much interesting Interesting iceberg reads today, uh beautiful one yesterday guys, um With scott and scott's webinar. All right, this is not panning out Okay sellers are gonna come are coming down to come all the way back down to here 30 back down to 30 basically uh All right. Well Yeah, a misread on that On this move to the upside here strong move But we can look at our pivot point that we drew in at 44 before that move even unfolded Okay, so Yeah, not not a good demo on this one. That's for sure. Uh, that's okay though Let's take a look here I mean that basically what happened is it's a misread on this and Instead we have our strong move here our flag pattern here, right? Okay, so I thought we'd get this pull back and then continuation Okay, here come our sellers All right Now let's look at the relative volume in here And let's see. Let's just read the order flow here read the order flow This is the more objective we we get at reading the order flow in here the more likely Uh the outcome of the move Yeah, I'm not this is this is uh If we get enough sellers down here again, um, then I'm looking for the break here into 25 and and 20 And then what our 18 level right on our higher time frame 17 18 Let's take a look Yeah on this hourly chart here All right, and then we talked about this range in here. So here's our kind of 18 level here 17 18 and then uh You know bottom of the range here is like a what 85 or so Okay, so we've come down through that area here. The next level is here Okay, so uh Yeah, we got the higher time frame here is just so important Crazy session yesterday crazy moves to the upside. Yeah. Yeah, absolutely Yeah It makes me, you know a little suspicious about that james, um The whole thing. I mean like After after the cpi data and after a big move to the downside Then the ecb comes out with a an unscheduled, uh release on uh on interest rates. Is that correct? Is that I think that's what unfolded, right? Uh and uh and and shifted everything I mean, what's the the timing on that, you know? Yeah, there's another misread in here Uh, not not off to a good start today. Um The other misread in here is our structure that we've talked about for for ages uh, this is a Kind of a slightly slightly higher high here, but it's a lower high in here Right. That's why I was looking for the flag patterns the first one here Maybe a pullback and then continuation, but uh, we want to be very very careful about the uh, we want to see the structure break basically Okay, so here's a structure break on the smaller time frame right here by buyers Okay, here's our strong move now. We're looking for a pullback Okay likely back to about 30 to be honest Okay, there they are All right now, let's see if we get buyers again though now They've come down all the way back down to where it broke out from so it can still do this Okay, we need to see buyers back up above 30 though If we do I'm looking for them to come back up and retest the high here And then maybe we'll get our flag pattern again Okay, let's clear all our drawings here. Let's look at it. Okay So I'll take it from 30. It's 100 retracement now. That's what we have to be careful about very careful Right because that can turn into a pivot and then we get this Back down below Okay, so this is this is these are a lot more tricky Yeah, I'm not seeing anything good at the moment But see how we we we looked at that and it kept it kept us out of this here We look for a retracement here and then like no, I don't see the buyers coming in yet All right, so here we're making consistently lower highs in here. Let's see if we get our sellers All right, I'm looking to see if we can get now our sellers here to finally push through Okay, and this will it'll be the bigger move in here Is the continuation the pullback and then continuation to the downside into our 18 level All right, so 20 is down here five points away 18 would be about seven points away All right, let's see if let's see if we get our sellers here and looking for that continuation move Let's see it sellers right now right here right now. That's what I'm looking for sellers and then Now moving this now It's this pullback in here in some of this volume. Watch the stop run here. Watch the stop run to the downside Okay, some icebergs in there as well Okay sellers. Oh, they got they got these buyers on the ropes here All you have to do is press it And they got it Not yet. Okay. Well It still kind of keeps you out of this here Okay Now here's something you can kind of look at here as well. See see this little move up above Okay That that turned into our little little flag pattern here now looking for this to Let's see if we can get it to fail up here. No tricky tricky session here Okay, so off of this here. I mean that we have all the reasons here to look for the continuation Minus the the iceberg buying in here. All right, let's see if we get sellers back down here at 32 I just want to see these like This the stronger move is is still here on that sell side Okay, which also retraced all the way back up here It could have come up a little bit higher in here I'm going to clear the drawings again here What are icebergs? So icebergs are Larger players Let's just I'll zoom in here and show you. Okay, so the order book here Is showing you on the cob current order book. This is showing you liquidity in here. These are sell limit orders This is the auction These are buy limit orders here. See look at this buy limit order here was followed by buying right We saw a skew right here in the order book A limit order is can affect price And in this case it was followed by some pretty high buying right right away. Okay, so These kinds of imbalances in the order book. This is why we have the order book. We want to understand what's going on in here And how does price react to? Orders in the order book now if a larger player comes in see how they you know, I think it's a spoof in here, but Or potential spoof in here But when when an order comes in and it has influence on the market like this Well, if you're a larger player and you spook the market Okay, then you don't want to do that You're not going to get filled at the levels you want because you you're a larger player You have hundreds of orders maybe thousands that you want to get filled Okay, so you're going to use you're going to hide those from the limit order book the cob column here You're going to hide it from the auction only a portion of your Order is going to go to the Limit order book So let's suppose you have a hundred lots And you don't show it in the order book you're using an iceberg But you you have to show at least a portion of it So 10 might go to the order book and it might be just only 10 in here And then but if it hits into it And it fills your 10 Then the next portion is sent to the market immediately Okay, typically they're co-located At the exchange or located at the exchange And they fill very very quickly So this way you can get your hundred lot filled at the price you want more likely than If you showed it in the order book All right, so if you've used limit orders, uh, you know on pullbacks looking for a Getting filled in a specific area. You guys know what I mean when you don't get filled or let's say partial partially get filled It can be really frustrating So a lot of traders will use larger players who use iceberg orders and it hides their position Let me get to um some of these questions in here. This is uh Fridays can be kind of a rough day. There's so much back and forth kind of like this Like for example, look look at this turned into another now. This is obviously um hindsight here, uh, but there's a couple of different areas in here Actually, uh, and they're they're actually playing out pretty pretty nicely here So price action back price action back and forth breaks through it Price action back and forth breaks back up above it Comes back retests and then goes higher and then back and forth and here Breaks it retests it and then goes through it and then it's doing it again here breaking it retesting it and coming back up right, so it's really kind of all over the place in here, uh, and um uh Makes it kind of difficult to demo this strong move and then continuation Now it works. Believe me It depends on the time frame. Uh, you you want to look at we're looking at uh time frames where it has failed All right, so uh, but uh identifying the larger and the stronger move Um is imperative. It's it's what sets the uh direction And that that's really what I wanted to demo Okay, so let me get to questions Yeah, a little volume pullback. Okay, um Alan did I did I um Did I cover that for you? Alan I am and then james did scott find out. I'm not sure so anyway the um Oh boy do we don't see heavy selling and no high liquidity above is this bullish in your view. Um Well, we're looking for a real simple thing uh, and um And you know in a continuation pattern uh, so If there's um Heavy selling and no high liquidity above. Yeah, that can be bullish as well. Let me explain why Is because um On a let's say it's moving down and there's no liquidity back up above Uh, it just means there's no interest and a lot of times in a trending market Typically what you see is is on the you'll see lots of liquidity on the bid Kind of like just like this and look on the offer in here. There's not a lot right, uh When it's trending down, it's typically not a lot. There's no interest Um a market usually pulls back and just exhausts out And continues and then you find stop runs moving it and kicking it off and the continuation move to the downside All right, and then that's the the structure and the trend are very very typical. Okay, not always but that's um what Uh in general it it looks like So yeah, I would say that would be bearish. Um or Whatever it is that direction you're looking for. Oh boy How to make the switch? Yeah, um Demo trader great great question. All right. So uh by understanding price action Well, I'm trying to I'm trying to do it with um and candlesticks and indicators Which you know in my opinion like all of these kinds of indicators, etc They were designed and developed to try to put some sort of clarity around the order flow Uh and looking for direction Uh, so uh, uh, you know That's uh, this looks like it might break out here. Um Yeah I mean we just see this we're looking at that strong by volume here This is where we'd look for it to go first. We'd be right up here around 61 or two Maybe here as well this little structure here So 56, um But yeah, I mean it tries to make up for and give some sort of insight because of the lack of transparency in the charts And now I think we're all hung up on that stuff Uh And have learned it kind of in reverse. It's this stuff here that makes up all of those indicators makes up all of those charts Uh, so there's all sorts of ways to to take a look at it. Uh Demo trader One is you can take a look at candlestick patterns Okay, so you probably know your candlestick patterns. Uh, this is a five minute. I think yeah And uh, all right. So for example here, right? Well, look at all these wicks up here. Look at the strong move here on the sell side Now we're kind of above that strong move, right now and we see some, you know, pretty strong candles in here strong candle pause strong candle Is is this this would be also this would right here would be give would be giving you your breakout signal, right? Somewhere right around here, uh, right around 50 right here at the figure okay, well you know Basically, uh, what's the what's the volume look like in here? It's not bad. It looks pretty good actually Okay on that buy side. Okay, so then based on this candlestick pattern in here Okay, and this this strong volume within that candle Uh, you would look for continuation on up to about 60 right Does that make sense? Is it you know just going through your candlestick pattern here now this hasn't finished? um In uh on this candle here, but we got to go through the different scenarios in the order flow here And what would it look like if it failed here? We know what it would look like if it continued here All right, so we know that part And and you can see that you know, what kind of insight we're getting around these these swings up here um Now now we're looking for a continuation here. It looks better now Uh for that that continuation Okay in this candle compared to the volume within that period here Okay, so now we'd be looking for the continuation on up to 60 All right now the opposite scenario because we got to go through it right because right now we're looking for strong buy volume and there it is Okay, so we're looking for the continuation Okay, so now you can wrap and now you understand some of these uh previous charting ideas here by candlesticks And you're able to put that within the order flow. Okay, and look for something that's higher probability to play out Okay, and this is turning into that that um bull bull flag pattern uh as well here guys Okay, so uh here and this answers the other question was what does the low volume pullback look like here it is Here's our strong buy and here's our our our selling in here Okay, so and uh it pulled back to let's look at where it pulled back to we always look at uh these transactions into liquidity And also these little nooks in here this little area in here looks perfect for a pullback and indeed that's exactly where it went Okay All right, so uh now we got to go through the opposite scenario though, right? So what is what does it look like? Okay, so the candlestick still hasn't closed. It's just about to close Uh and start a new one Okay, what if this is a failure though a failed breakout? What does that look like? Okay, because we know what the continuation looks like that's pretty easy Hey, well, let's go through the failure. All right. Well that would I would look for Cell volume down here at 47 and a half Okay, so let's draw that up This is our we've been drawing up these pivots uh in here and what they look like Okay, so it would be down here Uh, and then what we'd look for down here is big sell dots Uh and do I have something for the ellipse? I do an oh, okay great So I'd be looking for that on the sell side below 47 and a half Now if you're bearish You can even and you start to see some exhaustion up here on the buy side You can even get involved in like right probably right in here on these pullbacks and you're looking you're not looking for it to continue Okay, and you can trade it even down to your 47 and a quarter or 47 and a half here Okay, and then look for continuation take some off. You're looking for you know reduce some risk Uh, and then you're looking for the continuation You're looking for those big red dots to confirm that uh that failed breakout here on your candlestick pattern Okay, so what a different ways to slice and dice it here And that's where you guys like it's it's really your trading plan. What what you're comfortable with what you want to do That's where you'll get the Uh the insight here Well, you it'll go along with your insight Something that matches up with the way that you trade All right. Well, we can continue on here with our candlestick pattern. Basically, it's just pulled back Uh and came back up here And what about now? What does this candle here tell us and about the volume between these periods here? Let's take a look Okay, I see sell volume in here Okay, I don't see a whole lot of buying in here And and let's look at all of this volume in here and look at the bars down here compared to previous bars Strong move is still to the upside here. It's just chopping around in this area right now Okay, guys. All right, so let's see we're we're not seeing our buyers yet Uh trying to support this stronger move uh in this price action in the last five minute period Okay, so let's see if we can get our sellers come back down here Again this we were looking for it over here. I'm looking for it again same thing over here though Okay, um, and let's see if we can get our sellers here at 47 and a half And then the break of that area and then I'll write on down to Probably our line here at 40 that we we drew up and is liquidity is there as well Okay, there's our big red dots Let's see if they can continue down and we should see a nice stop run coincided as well Okay, so um, let's see a demo trader. All right. So does that help you? Um Understand this here. Um, so You know how to start to apply What you're reading in the order flow here with more traditional charting um Tools here like candlesticks Okay, because we we we saw actually the the breakout and then now we're starting to witness the failed breakout Okay, so we're actually getting both out of this here Okay, just looking for a continuation on that sell side here to complete that down to 40 Yeah, there's some, you know some reasons for taking some risk off right here to be honest Okay, this is where that strong strong move initiated here Okay, and let's see if we can get now through it on that sell side and into 40 Okay, so anyway like look at look at this here move move move Okay Move lower pull back continuation That's what we're looking for So here's our our strong move pull back continuation And then this pivot point here is rather rather critical here for this small time frame here There's our move 40. Okay. Now, that's that, you know This is kind of tricky stuff in here too. Now. We got the right reading on it okay, uh, and um Uh, so this one played out pretty nicely Hey, and um Anyway, uh demo trader. Let me know if uh This makes more sense now to you And now the bigger time frame again, let's let's just zoom out here See how we can take this information here. Let's look at a 15 minute candlestick chart And let's match that up with our 15 minute candlestick chart on uh on rhythmic Here so this has just been a pullback so far In this in this strong downtrend here Okay, and this is what your failed breakout looks like on your on your 15 minute chart. We're back in the range right now All right, so now we're again like still looking for really really strong cell volume right around here on this chart around 34 Okay to push it through that kind of height. There'll be a high volume node in here around 34 I imagine uh, and then we're looking for them to push it down into not only the lows here but to break it Okay, and we're and we're still looking for that 18 You know to to 3600 the figure Uh, and then bottom of the range from this action over here Around 87 Okay, we can we even go and mark those ones those areas up Here's 3600 Our 18 is somewhere around here and our 37 is that what I said It's the bottom of this range Hey 83 35 83 Yeah, somewhere around there Nothing from demo trader. Okay. Well, I hope that was helpful for you guys. Uh, that was that was for you Uh, and um Oh, you're welcome. Okay. There you are. All right So again now we now we saw this on this move unfold on the higher time or lower time frame lower time frame only right now, right Okay, but now we're taking this move on this lower time frame that that's uh, You know kind of it was a bullish move and then we we talked about like a failed breakout Now it's a bearish move and below this like kind of pivot here. We saw a pullback continuation We got our move to 40 now. We're looking at our higher time frame move. We're stepping back Okay And we're looking for that failed breakout here now continuation and push by that cell side through our 34 level and then continuation on down into our 18 And 3600 and 83 level, you know something like that You are following. Okay. Good. Good. I just uh, I want to um I want to use uh, I want to answer your question while kind of using you as an example for others Uh, because it's a great question. So we everyone can learn from it Yeah careful with this, uh Again, remember we we we have a reason here. This was another pivot We're looking at here and like this is why I said we need to put we need to see that heavy cell volume through this kind of 34 area It's basically 35 Um, really need to see it. This is that other other pivot area here with all this back and forth and mumbo jumbo here, uh, you know, we're looking for clarity in here And during these webinars we've seen during this time frame It's been anything but clear, uh in some cases on these higher higher outlooks here. Here's our sellers guys Looking for the continuation looking for them to keep on moving this down 30 is the next level 25 Higher time frame is our 18 And then back to 3600 All right, so uh Now there's a caveat. We got to go through the other side of this here that seems that's scenario one Okay, seems like the most plausible one right now because it's within line of the higher time frame All right, so we got to go through the other scenario though and that would look like this Okay, that would look like not these buyers over here or sellers here We'd be looking for Um the big green dots Above 35 You know something like that Okay, that's the opposite scenario primary scenarios and move to the downside Yeah, thanks. Thanks for asking that. Um Uh demo the demo trader, uh, this is this is plate. This is a nice a nice thing to cover Oh, okay, the cvd filter. I'm sorry guys. Let's let's go over that mclocco I've been missing you guys. Uh, sorry about this mclocco as well. Um Cvd and correlation. Yeah, we talked about mclocco also looking at your nasdaq as well. Um, You know at the same time to coincide with with You know your your your outlook because I really be very careful with your divergences Um It look where that volume is trading within that divergence. That's really really critical Uh, it'll it'll help you make your divergence trades into much higher probability Uh, are they happening? Is that volume consistent and or does it happening at the top up here only? Right, that's where it can be trapped volume and you're not going to get you know your continuation if you get sellers on the other side Right, so that's where you know, uh You you really want to look at it. Um, here's here's some divergence in here but you know be be careful you just be really careful with this because Um, here you you're making um, there's more sellers in here Right, it's because the buying happened in here and then a lot of selling started to come in And then this buying was not as strong as this buying here Therefore you have a divergence here Okay, so Yeah, the the divergence you want to be careful, uh, you look and look for especially Um, some selling down here that will be a good tip Right, and then a lack of buying up here that would be really good divergence Okay, because then you're looking for sellers to at least retest down here That'll make it much more higher probability that you'll get at least a push down to the downside Uh, or at least down to the to where that selling this selling was previously all right, um Yeah, I hope that helps uh the um And looking at your correlated markets, that's going to help uh as well Okay guys, we have a european close coming up here So this is another reason why I mean like during this period that It can be kind of tricky as well Uh up to about 11 30 Uh, and then a lot of times after 11 30 you you you might get that kind of clear move. Um and After, you know europe has kind of short up their positions Okay, there was something else I was going to mention mcloco. I forgot what it was here. Oh, yeah Let's go. Let's look at this cumulative volume delta. Um, this was another question. Uh, We'll go through this guys. This is a great tool to I really like this one. Um Go to your cumulative volume delta settings. Just right click on it Or you can also come up to studies configuration up here click on that And then here in your cumulative volume delta Um, let's um add in I'll go with chart. No session range and See cvd up here This is one click on the plus tab add another one Uh, and we'll we'll call it uh Large volume, okay, and we'll create it it has these two Uh, we'll just make it both purple here or yellow we'll make it yellow Both of them. All right, there we go. Uh, let's create it Okay, now we're in this see how we have two now here All right, so um, they're both equal All right now, we're going to make a distinction. We're going to filter here. Okay, so I'm going to click on this one It's underlined here. That's what we want to look at. Uh, and then we're going to um Uh put in a minimum Uh size in here, uh maximum only a minimum. Okay, we want minimum Uh, and uh, we're going to look at minimum of let's say 10 Okay So I filtered out so That this here The the the green the green line is for every single trait. In fact, let's even filter this one again Okay, I'm going to put a maximum on that one Well, we'll just make a new a new one here and we'll call it small volume And we'll make that one purple Red or whatever it is um Okay, now let's filter for this one. Uh, so we'll Put in a max uh volume here of 10 Okay No Let's let's make it smaller. Let's make it like Ones and twos. We'll go with ones and twos. Uh, we've got a new a new tool coming out guys That's going to show you a pretty amazing data about Who's trading what um, but uh Okay, so now let's let's start to look at these these lines in here, uh and and start to compare Uh the um, this one's looking really similar Hold on a minute. Let's go back here. Yeah, it's really similar to the regular cvd um And that makes that makes good sense Actually, I'm going to delete it. All right, so we're just looking at ones and twos here and we're looking at tens All right, so uh, and let's start to compare All right, so well, you know a lot of ones and twos buying here Okay, right in here Uh, but what what are the larger players doing? Wait, it needs a different axis here to be honest Let's see if we can do that No, I cannot. All right. Well, let's go back. We'll go back to our regular cvd And uh, just create that get rid of the small one And we'll create this one make it blue Okay Light blue or teal Um, all right, so there we go All right, now we want to compare and contrast All right, so, uh, yeah lots of ones and twos lifting this market right now larger players The larger orders they're not really doing too much right now. We're not seeing much Okay, so, you know this move to the upside here like, uh It this was that secondary scenario here We finally got up here and we didn't really see up here though note note the uh, the the buying started down here and then in here was kind of a no man's land Uh, some back and forth in here. We're looking for our big, uh Buyers in this area here They're coming in up here though All right, so let's zoom in here now cvd Uh, the ones and twos crossed over our our 10 line here Okay, you can even play like, uh, almost a mean reversion trade here Okay, if you start to see this, uh, this some larger transactions in here Looking forward to come right back down to this liquidity at 3750 here Hey, these are just some considerations for it. We you know, we showed this when it first our cvd first came out We had this functionality that was like probably, you know, six years ago, uh, five years ago so, um It's comparing and contrasting by filtering, uh, the players in here Yeah, in fact, I'm not getting too much out of this 10 lot here. Let's let's move it down Okay To five maybe we'll get more out of it and we're not really getting too much out of that one either Hey, we're looking for transactions of more than um at minimum of five Or more Maybe we can go to chart range here. Maybe that helps Yeah, that might help All right, let's do this. There's another thing we can do in here We're gonna reset it reset now And also for the ones and twos hold on Okay, we should see something now There we go Okay, so we can compare and contrast in here Okay, so not seeing a whole lot of big traders. There's some there's some bigger traders selling And back buying Okay, we can probably filter for this one a little bit more. Sorry guys I wanted to show this to you and I'm trying to get get something out of it at the moment. Um, the We'll come back into our regular cvd and and then filter for max of like, uh Two So see how see all that We're starting to see there we go. We're starting to see some The smaller smaller traders are are um They're kind of all over the place They're selling Now they're buying that's that's going to be a stop run. It's going to be a nice little stop run There it is Okay, so the cvd picked up the stop run on that Okay, there's some selling there failed to move it All right, let's see if the buyers see let's see if buyers come in right here. There they are All right, so we got some buyers here on the larger larger picture here Okay, right in there. All right, so let's see if now just because they they started to buy in here The thing we'd look for is it can we get Back up above here 41 On on buy volume And we're not now we should we should see some uh some larger players, uh Getting involved in here. They should they should be trading it back here Uh back up to about 41 And they're buying here again Guys, this is another reason I I to be honest I just don't like fiddling around with with uh cumulative volume delta We're trying to filter in and we're just not seeing a whole bunch here But we're trying to filter between larger and and smaller players in cvd And comparing contrast Uh and look for the the players that can actually move the market Uh compared to the ones and twos in here that Uh May or may not move the market Okay. Yeah, here we go Okay, so yeah, we're coming looking for that move back up to 41 here And then maybe we can get a we can get a breakout above 41 Okay, based based off of only cvd here is what we're looking for in that scenario Just cvd Okay, this is european close 1130 right here that moved to the downside And that's why we had that that large buying Yeah, play around with it. Um McLoko you can in the resets as well Uh, you know, there's a lot of features and functionality in book map This is one of them in cvd Uh, all right, let's go back here. We don't even know what unfolded here. Um, so where are we? Well, we're stuck in We're still stuck in this big range here Okay, so higher higher time frame picture. It just has turned into just a big range at the moment Still the momentum here today. There's no question. It's to the downside still Guys, this is where we look at this is being maybe accumulation or distribution here okay, if it's um A distribution we're looking for a continuation of the bear flag To the downside the markdown period. Okay, if they're accumulating in here We're looking for to pull back up into some of these areas here Okay for the day And this is where we can look at you can look at cumulative volume delta You can also look at your imbalances. You can look at Uh, your structure and your volume within your structure in here Uh to give you some insight. All right, let me get to the questions in here YouTube Well, we haven't missed much that's for sure Demoing that that was good. Uh, because it's just been Rather choppy in here All right. Now here I would love to see a ton of selling right here at 36 30 Let's see if we can get it. You see a nice little move here down Let's see if we can get a pullback and then continuation Okay, there's our pullback. Okay now careful here Okay, and now we're looking for a continuation sell side All right move pullback continuation looking for 20 our 25 level Okay, and that will be low of the day here 25 So the play here is the move down to the bottom of the range here or or low of the day Okay It is a low volume pullback as well Not a great one. There's some volume by volume in here Okay, but compare compare And then compare now it it actually did it Right, so your flag pattern there you would at least take some profit in there And you can even put in your measured move Hey, the only reason guys that you know you you know me. I mean I haven't gone over measured moves and stuff like that for Uh for a long time. I'm just trying to reach more people to understand order flow Because uh, I'm not a fan of fibs at all There is something to measured moves though It's because of the market structure And people getting stopped out in certain areas or buying pressure being too Not having enough pressure to go further because at certain areas it's too Uh low for for uh more sellers or it's too high for more buyers And in the auction process Right, so that's why some of these measured moves can work Uh ATRs, you know, they work they can work because of some of these reasons here Guys still looking for our move to the downside here into 25 Uh and continuation into our lower levels here Okay, uh 17 and a half or 18 whatever it was Um and then 3600 Okay And then 83 Down here, all right seems to be seems to be working out pretty well Um now like I said If you're looking and this is not a trade recommendation if you're looking for that continuation down at least to test the lows here Consider taking some off and managing your trade there All right, so that you took some profit out of the market If you want to roll the dice and look for a bigger move or you're trading on a higher time framing You're not rolling the dice. Your stop is way up here someplace Uh, then you're looking for the continuation of the move and that's that and you know your risk You're properly managing your risk We'll talk more about risk management. I think uh over the coming weeks I wanted to start with just understanding who's in control Uh in areas today wasn't a very good example because we went through all of this here 10 o'clock We started and we talked about this being uh The data here uh setting the the tone and the and the downward move and then all this back and forth in here so Yeah, still still looking for the uh, what we see buying buying tail here, right? Hey another buying tail here Uh, but your candlestick you can see where it started off here and uh, uh, it's still Uh, it's still bearish You do you do see a wick in here came all the way back down and you see a bit of buying But uh, we're looking for just to pull back and then continuation in the candlestick pattern Yeah, and that that looks like it's just about to fail in fact and come right up to 40 here Okay, so this is why we want to reduce some of that risk Along the way here if you were you know looking for this move down here Don't don't don't take a loss Stop it break even look for your continuation take some profits along the way You you know your your bull pattern in here did pan out it did give a profit Okay, now you can even be looking for the opposite side of it, but uh Um a bit we're looking for the bigger picture move here And this is what i'm talking about But we're looking for the bigger picture move so Yeah Let's see here Yeah, it's gonna do it All right, look for the look for these buyers to take it up to 40 here looks looks good They even got some sellers on the ropes here Hey, but in the bigger picture we're still we're still looking for the uh for the move lower Hey, it doesn't mean you can't play some of these along the way Just depends depends on your time frame depends on your Uh risk profile Yeah, and then that would be that would have been like a scratch trade as well Okay, it should work immediately if it doesn't something's wrong. All right Let's see let's see it if we can get our sellers here at our 30 level where it broke out from here And this would be a new kind of pivot air. It's kind of turned into a pivot already All right. All right. So now we got some sellers here, right? This was a failed breakout here All right sellers have control here if they want to take it on down to 25 So that would be the we're back to our primary scenario here They do they did they have it There we go All right, so now we can go through this trade Uh as as well. That's not a recommendation. Is this an example of uh, you know right around here this kind of 29 Uh level here, uh, it would be where you're looking for it to to carry on lower Okay, your stop would already be at break even on this and you're looking for the continuation now Okay for that that that move into not only 25 Not only 20, but you know our our 17 and a half which Which is has no liquidity around it. So basically 20 or maybe this 15 level look look for that, you know All right, so here's 25 Okay, it has not gotten through that yet. Okay, so be careful here consider taking some off at 25 here right because uh uh, so from 29 to 25 you made four Uh, stop to break even take some off And you just got maybe you just got stopped out here At break even You can look for the same setup again here As well Okay, this is why here and this is where book map does a really nice job in here They absorbed all of this This is why I was saying be be careful at this area is because of this liquidity in here They couldn't trade through 25. They're buying look at How much traded here my god? Well, you know, uh over 14 1464 Uh contracts into this high liquidity here. Obviously this can be an iceberg Uh, here we go. Um Huge iceberg there We know that because if we look at this here, how much is at this price level of of two at 25 There's only 290 contracts there, but look what traded right. It's got to be an iceberg. It is it's an iceberg so Uh, we want and they couldn't get through it, right? So now we're coming right back down again And and they're still here Okay, now it doesn't mean that they can't trade through it. Okay, but we we definitely noted it here All right, so that's where you reduce your risk Okay, now it looks like they want to trade through it There they go Okay That would be well, basically you'd have to start to see it trade through it and and then they carry on through Okay, down to our our 20 level here. All right, but at least you reduce some risk you took some out uh, and then I don't know there's different ways to play this one here because we see this we see this all the time the the original iceberg the original absorption complete absorption here at 25 and then It trading through this and then seeing a big stop run on the other side as well uh, so what uh, how to play that is like maybe uh Boy, if you put a buy a sell stop in here, you would have been slipped all the way back down probably to here Uh, you would have been part of the stop run So that's not good. Um Yeah, that's a tough play How to manage that one on the breakdown Yeah, I'm not sure One thing you could do is you could put in uh your We've talked about it. Uh, a lot of times, um, you know, if you're in here and you took some here Right now your your break even is on the on the original position is right here at 29, right? um, but what you could do is is now place The other half of your trade up here a little bit lower like right here Uh, that would be your original break even on the overall position here Okay, so you'd still be in it basically If you if it if you did get stopped out here You got even you got out at like break even plus a tick or two. That's it Right, it's up to you. You know how you want to manage it. Um, this is a good way to capture these these bigger moves Okay, it's also a good way to make nothing on the trade, but you still managed your risk Hey, you gave it a chance to run And that that's uh It's up to you if you want to trade that style if you want to go home, uh on a lot of days empty-handed Okay versus, uh, you know capturing a bigger move Uh, and then those days you go home with a profit. You you have a big profit, right? Let me see here. Let's uh Get to these questions Sell it all it's going to six Uh, I think is going to to below that. Um I still kind of like this 83 Down here And we have our reasons, you know I just just reduce some risk along the way Uh, like, you know, the the figure here looks pretty good Uh, and then bottom of this range looks pretty good, too You know the other area that I'd be looking for if I can get down below the bottom of that range would be would be probably right here 57 or 35 57 You know something like that David to get your cumulative volume delta to to be less flat. Yeah, sure Let's let's show you that so you can show each one or if you when you show them both together, they're sharing the same um Yeah, here's your larger players right in here Right, um, but you're showing this the same axis here And if it's showing the same axis then Um, you know, if you don't have too many of these larger players Transacting and you have a lot of these ones and twos transacting Your yellow line is going to look kind of flat Uh, you what you could do is um Uh, just deselect your other You know the the ones and twos here, um, and then that should show a nicer line here Okay So let's let's we'll zoom in here and like we should see once we get this out of the range then it'll We should see a little more action in here Yeah, hold on Yeah, and go to chart range see how chart range immediately It's for this view will range in here All right, so you should get more out of it then I I would advocate really and I I You know encourage you guys not to play around so much with the cvd settings and and and go through All these different studies in cvd Instead go through your studies on the large volume and this in it within the structure Okay, so this is and that's what we started the webinar off with This see how look how it's just dominated everything so far These are these up here. You know Here's your cell. Here's your cell signal in here. You know look for it. This is like a You can look at it in so many different ways like, you know, here's your your trend line in here And then here's your break below it and here's your pivot in here. Here's your break below it Here's the sellers coming in look for the bottom of the range takes them off look for the continuation You you avoid all of you know precisely what's happening in here precisely, it's all here in book map and Instead of fooling around with cumulative volume delta to try to get some insight because it's an easier signal to look at Understand this instead I think you'll get so much more out of it once you understand this You can come back to your cumulative volume delta if you want But it's not necessary It's not really necessary. You'll probably be able to just kind of wean yourself off of looking at indicators altogether when you start to understand the The transactions and the limit buy and sell orders the auction within these areas here Okay, so strong strong advocate of that. Let's see if we can get our continuation guys Now we're looking for our trending market. It's in the markdown period Looking for the move down into we've already gone through our 17 or 18 level looking for the continuation All right, let's see here captain price. God, I just can't keep up with all your comments here Oh boy, if you if the if the bears can't take it lower, this is what you're going to see All right, you're going to see Probably a stream of buyers come right back up to here first Okay to 26 or so Right right where you know, we just threw up this this structure here Okay, and then what you're going to see and it's going to be so distinctive Um, you're going to see this You know something like this you're going to see some some buyers pretty big green dots take it up to here You might get a little bit of a pullback a low volume pullback. Maybe to about here Okay, and then you're going to see this buying come right back in and then here you're going to see We've got smaller timeframe traders already buying it. This is where you're going to see the you know Really big green dots most likely Okay, you look for that look for them on the bid in the order book Look for them on the bid in the order book to be getting filled. They already got filled here They already got filled there Uh, we want to see more filled in here And that will be an order flow shift Okay, and you'd be looking for that Uh, and then you would be looking for them to even um To bid up in in these areas here something like this you'll see the order book kind of chasing All right, uh, if there's any orders here on the um Oops If there's any orders here on the offer um, then Uh, you you want to see them like as price comes up. They'll they'll pull Okay, and then they would pull Uh before it before it comes up and touches them Okay, and these these these a clear path for these buyers To take it higher Okay, so we it's the same kind of stuff again and again It's just order flow and it has to be kind of the same. It has to be some sort of variation of this. It has to be That's why this can give you such good insight Okay, all right guys. Well, thanks for coming everybody. If you like this video, uh, please give us a like Uh, and uh, subscribe to the channel so We can bring you more education Uh cover more things answer your questions Cover anything in particular. Uh, you guys are looking for We're happy to do it. That's what we're here for And go through all these different ideas in order flow Now we have other traders in here as well Like tom b is he's already started. Uh, he's um Already already going so, uh Go to his webinar now He's going to be going through volume profile In detail It's a very specific way of of trading. You guys know what volume profile is if you don't go to tom's webinar And learn all about it. Uh, so what? There's a lot of profile traders out there. Uh, it's this over here that you're looking at And it's just a different way of trading and You know to start to understand where there's lots of trading activity That's what the profile is showing you like bell shaped curves. Um, uh, you know, uh statistical, uh Or deviations Etc. Understanding like there's not a whole lot of trading down here, right at this at this low here Therefore you'll find buyers if those buyers come in Trade it back into areas where they can transact Okay, your high volume nodes Okay, it's these and you can also look at those sellers Trying to move it away from those high volume nodes on size and strength, right? That's why we look at the strong move away from areas Uh, and we want to look at and compare strong moves Right, so it's the order flow within the volume profile. So anyway, he's a volume profile trader You'll learn a lot about that once you understand the fundamentals and the market mechanics here What actually makes up This, um Uh price activity here Right, it is the it is the orders. It is always the orders Uh that make up all of this is the participation of the traders the transactions and the bid and the offer in here Uh that make up all of these patterns all of these things in here And then we the patterns are just giving you insight to the majority of the traders. That's it It's as simple as that Now if we can understand the majority of traders and we're looking for a follow-through In these scenarios, we have an edge Okay, it's something you you need to go back and you need to study but like uh That's why you look at some of these moves in here Um And and we're looking for like for example our strong move low volume pullback followed by strong move Okay, it's it's pretty it's pretty straightforward Uh, and it's a good understanding of those players. There's just still not a lot of sellers It's just taking a break and then look for the continuation All right, so uh Yeah, uh, thanks guys. Yeah, I really appreciate the comments in here. We'll be back on monday We'll go through it. Have a great weekend everybody and uh Yeah, start marking up your charts in order flow start to look at them. Don't worry about cvd too much All right, come back and revisit cvd later and Then put these put this understanding of these transactions within your cvd later And then you you can it'll open up a whole different world for you You'll see things in such a different manner. Uh, at least that's how it worked for me It was like wow This is magical to start to understand that it's really the orders that that are moving this market here And and how these markets actually move like if we zoom in here. We look at these areas We understand that the most binary levels here like look at that cluster selling Same idea. What if we get above that cluster of selling and we see buyers up here? Well, these guys are trapped We look for a stop run to the upside Right. So, uh, did we get it? Let's see. Do we get a stop run right there? Probably a little one No, um Or icebergs, I mean all of this stuff comes in secondary But we need to understand really what makes the market move here. It's all in here at the most binary level here Understanding these mechanics that move the market And then all of that information can then be extrapolated to your much higher time frames Uh, and then uh, here we go. Here's that move. Uh, then You can uh mix in volume profile. You can mix in Your your patterns. Okay, it'll make so much more sense so much more clarity All right, so, uh, yeah again, uh, give us a like there if you can Uh, subscribe to the channel. Uh, we we offer this kind of education. It's rather unique others don't We want to continue offering it to you All right. Thanks for coming. Have a good weekend everybody. We'll catch up with you on monday