 Okay, good morning traders and welcome to the all markets live analysis webinar here I'll be your host here Bruce Pringle it is a Pringle not webinar here and goals and Anyway, the the goal here is to go through order flow At a high level so that you guys can understand how to read it and put these pieces together and gain an edge Reading order flow on any of the markets that book map can connect to book map offers unique visualization of the order flow that can Allow you to make better trading decisions. So let's jump in General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies involves a stance for a risk of loss and is not suitable for all investors Past performance is not necessarily indicative of your results. All right. So, let's take a look here at S&P E-mini we'll start there and and see what's going on in here And just to read the order flow. Good morning, Deborah. Welcome back or haven't seen you in here maybe just haven't commented in a while but Anyway The I want to go over a new tool Or several new tools actually from market polls that we are offering in here and how to read this and Put it to use for your trading and make, you know Higher probable trades here using this new tool. So some really interesting new algos And we'll cover this here Anyway, just off-hand. Let's just take a quick look very choppy as you guys can see There's a swing low here from the data that I have just around 830 And then the swing high up here has been tested thrice once twice thrice Into high liquidity at the figure here at 4300 And we can see some back and forth in here and then now the the sell-off here starting to unfold And it is continuing. So looking for the swing and then the liquidity and some of these lower levels in here to transact That seems to be where the market wants to auction to those areas here All right Let's see here All right. Yeah, thanks Rob Everything is good. We're all set to go. All right Yeah, just just traded into this liquidity here still still looking for this High liquidity level down here. Now that said You know, I want to show you in in demo many of the new algos here With this market pulse tool and this is just being released today Now we've had market pulse and in several algos within market pulse available for a while But we're releasing in beta only right now Newer ones. So let me show you this tool here and what I'm talking about. So if we click on the Configure add-ons and we go to the market pulse here. I Have it up here with an algo that we've had for quite a while in here if I click on the drop-down here It is volume pressure in balance. I think the first one that we offered was the volume pressure and then we have also price change The spread change volume pressure in balance And then we've added in many more in here. Okay, this this is the new release in here absorption pressure absorption pressure in balance liquidation pressure we've had this is For the crypto markets only and look using our liquidation indicator So that explains that one and then this is a new one in here as well support and resistance and support and resistance in balance sweeps is also new sweeps pressure and Pressure in balance sweeps pressure in balance And we also have a new feature for several of these in here is to be able to let's just create a new one here And I'll show you what I mean We'll use Let's just go over Let's go over volume pressure and The new feature in here is to be able to add multiple instruments and make a synthetic instrument from this market pulse widget here So you click on this here and you can see I can select all of these in here right, so if you want to look at This apple compared to we'll just go through the fang stocks. Okay. We got meta. I got Nvidia We've got Well test that's not a fang stock. We got Apple And I think And Google All right And Amazon don't we have Amazon in here or I got it. I got it. Okay. All right, so Let's let's just make a A market pulse out on from exactly these five instruments here click on okay And this will may take a little while to load here, but anyway We can use this as a Leading indicator with correlated markets now the fang stocks are the tech stocks that are leading the Nasdaq for example and then Typically the Nasdaq leads the S&P So if we start to see volume pressure In some of these stocks leading stocks here about Bellwether stocks, then we should see It follow through later In the S&P e-mini futures, okay, so we'll keep an eye on it here And it's a fantastic new tool right so now You don't have to look at five different individual stocks or even, you know one widget or five different widgets Here in market pulse now. Why is this at advantageous? because if you want to look at Even even in in market pulse, this is advantageous to just see the individual Widgets here for each of these stocks You don't really there's five of them. You'd have a lineup of five in here Won't have to look at that now though. You can just look at one and gain that insight. All right, so Even if you had five in here that is still better than looking at five different charts Or two different charts one different chart. It doesn't matter. You don't have to divert your attention away This is a huge advantage using this tool Right now we have an additional advantage by looking at multiple instruments within one widget here Right, so that's a really nice feature here. So we can gain that understanding in here. All right Let's just go back over in the order flow what we were just covering as we're looking for the market to drop into this 4280 liquidity. Well, we already traded into it and through it and We've pulled back a little bit and we've also traded down lower. Okay, so Trend continues until we see something different right, so Let's see here if In the webinar over here Today If a slowdown is in here today Take a look in the chat. Oh, yeah, Stan. Stan's putting in some really great imagers images here Arts and crafts with Stan Yeah, good stuff. Wow great chat in here guys Really good imagery and and good chats. Let's see here Kenji you have a Question on never quite understood the book clears during news events. Well, that's really simple Yeah, that that that can be Really easily explained If you want to buy or sell at a specific price Says huge moves because the book ends out. Yeah, absolutely exactly Why would you not well, I mean if you want to If there's a thinner book a thinner auction, I mean, do you want to provide your liquidity? Do you want to trade in that market? You know what we're doing in order flow here is leaning on The behavior of others to gain insight if it's a wild market, let's just suppose here I mean we can filter this heat map tremendously and Look at like stark areas of high liquidity way up here and then way down here. So Maybe see how dark it is in here and yeah, there's some liquidity here I know but just for this demo purpose Suppose that wasn't here and suppose these guys were still up here at 4,300 Then, you know, do you want to put your risk here? When price could go against you? Very very cleanly and clearly Not sure how stops even figure into my equation. I'm strictly speaking of limit orders to enter Yeah, I mean I am too. So if you want to place the Limit sell order up here. I mean price the liquidity is way up here So, you know, that might be potential risk that you're taking Right and you don't know what might happen in here I mean there could be you know during FOMC or non-farm I mean, you know price will just move like a rocket through some of these areas Until it hits usually typically until it hits liquidity and is absorbed One place or another it may even you know go right through that liquidity and go to the next area of liquidity And therefore you're not really leaning on you know The liquidity if You place your if you if you don't have it in the in the order book here, right? So you can really get shaken around and that can add a lot of risk. I Hope I'm answering your question Well, then if you think you you may miss it, then you can always just enter with market at any time All right. You know I'll wait for your answer. All right. So look at the volume pressure I'm starting to hear it now you guys on YouTube can hear something a little tap or something So buyers starting to come in. Okay, so now this is across all those indexes, right? So this means that in this and all of these stocks in here in general We have a bit more buying than then selling right now. Now. It's kind of even but And you can see in the S&P. There's there's here's our correlation here Right, so Anyway Let's see the Yeah, what I want to show in here is use cases for some of these algos and and how to use them because Right now, we're just you know, we have a threshold here. Let me click right click on it and go to settings in here and you can you can see that You know, we have all the settings you can play around with it whatever configuration now This is the default configuration for falling pressure in balance Now it also shows up in the sub chart here. All right, and this is what I want to cover is You know, you know, the thresholds are here these little white lines and when it crosses over you're gonna get a sound Okay, but in reference to what and That's where the sub chart in here becomes vitally important for this tool see these little Green areas on the top here That's where it started to sound off or hit the threshold here this little white line over here across it And these little points up here that are green And in the red that's also where it hit it over here Hey, so it looks like it's starting to you know ramp up right now and we'll see if we can get maybe a hit into this That the threshold and that would be down to this 70 liquidity most likely All right, and we are in a downtrend. So yeah, you would look for that Now this is what I want to cover in here is start to We haven't covered too much about backtesting And how vitally important we always say. Oh, yeah, okay. Well, if you like this idea now go back and back test it okay, so There are You know many different ways to back test I want to show a very clean and simple one here Using this market pulse tool. Okay, now you can adjust the settings like I showed earlier. Hey, but this is a You know stay with me guys because this is really Really good You want to start to notice When you're getting these alerts Okay, now use the crosshair tool here to Hover over these areas and then look where you're getting this alert Look where you're getting them on the cell side Okay Look where you're getting on the buy side Okay, so now You know look out nicely. This is starting to a display these peaks or these troughs Or I'm sorry these swings basically It is nailing them a pullbacks here In a downtrend Hey, also in these areas here. These are pullbacks. Okay, so it's just touching it here and then it's selling back off Yeah, sure t46. So right click go go to settings here, and I'm just using the default for this falling pressure imbalance And I'm using five minutes training period, which means the training period of this widget Is is a constant sliding five minutes of data? It's always new data or new time It's it's always to the present and then the past five minutes Okay, that's how that works the half-life period here 10 seconds that means every 10 seconds This is going to go down Half of its value that's all it means Right, so this this is what pulls it back here. This is what makes You know it kind of revert to zero is the half-life period so anyway the Very very I hope that's simple to to understand it's You know you have to have something kind of pull this back We're using a half-life period to do that now We've we've used that a lot in the in the past it stops in icebergs as well There's a half-life period Also in balance indicators and other things we've we've used this kind of you know cut it in half Period so every 10 seconds it continues to cut it in half the training period continues to add the new data in here and It's buyers and sellers in here. So this is actually buying and selling or buy minus sell basically Is the output here? Now if we didn't have a half-life period it would always be on a move up at some points It would move up more exponentially other times. It would be a flattened curve And but it but it would always be Positive number well is that true Yeah, there could be more more selling with the imbalance So yeah, it could be negative But it's the half-life in here that'll that'll bring it back and kind of mean reversion type of idea here Right, so anyway, let's get to the point here Those are the settings play around with it. Let me show you where you can find out more If you want to go to book map calm Click on the more button over here and go to the knowledge base just underneath the learning center here and then click on the add-ons here and then You'll you'll see if you scroll down a little bit in here market pulse and click on that And then you'll find all the documentation and videos and links etc in here and how it all works All right So now let's get back to the back testing here and and starting to understand this. This is where this tool is going to be I think it's a you know vitally useful It's it's almost essential To understand. I mean you can get you get so much more out of this tool here So so for example, let's take a look in this downtrend here Okay, well, we just went through the swings look at all this chop in here and now we got a peak up here It didn't it did not breach the 70% and the But this swing down here. Well, this is where that selling pressure came in and it makes sense now Okay, we went a little bit lower here and it also breached here Hey, look at the pullback look exactly where that pullback went. It's right here Okay, so you're in a downtrend. You see it spiking here Well, you know if if this meets your criteria or maybe you're waiting a little bit more over here for to get into the trend and the continuation, I mean you've got this Peak volume here in balance giving you some insight now you're looking for the sellers to start to come in Okay, and then you're looking for them to press it and then maybe even consider Taking some off when you get this value down here Okay, so this is so simple, but it's so powerful Hey, look at this pullback here. It goes right to it Now does that align with some of the other areas we've talked about in here? And in the market structure. Okay, and the order flow understanding this liquidity getting filled in here look for the Sellers to start to come in Where do you take your profits? Well, you look at the swings again. Look at where this market pulls tool might give you some insight Okay, and Manage your risk as well Even this pullback here. Look at it it pinging up here But if you got involved here, you're still in the in the green Even though you can see it peeking above this the levels in here Still stay in this and look for the trend continuation Hey, maybe here's where you want to take your profits now that would be up in this area here But are you next to the swing? Are you hitting high liquidity? There's a lot of questions that you can or a Lot of things to take a look at here when you're getting this indication. Does it match with your swing? Hey, so maybe you want to hold then All right, so maybe you're looking for this liquidity then and then you see this really hit the 70% threshold and then that's maybe how you manage your trade to get out and so anyway This is a Really great tool and we've gone over. We're just going over these these algos here that we've had for for quite a while Hey, the Volume pressure and balance in just volume pressure the new thing in here. So look at the selling picking up now Okay across all of these stocks here these these fang stocks Great. All right. What about S&P? Is it hitting its threshold yet? No not yet There it goes Okay, so there you there you go. You can manage your trade this way and Maybe you take some profit there You're hitting high liquidity and You're getting this this volume reading here and it's at a lower low low of the day here Hey, it's a great way to gauge Your your profit taking or Matt or trade management. All right Let's see here. Any any questions that we're good over on YouTube and what about over here? discord Yeah, Kenji, I I'm not quite following this what what you're I From what I can see I agree with trader That yeah, you just you just Potentially potentially raising your risks as exponentially You know think about it because like if if people are pulling away from the the market It's typically because they're uncertain And there's a lot of uncertainty and and you can get some wild price movement due to that Well, I would just suggest try it out, you know, try it in demo Maybe you find a way to it works. I mean heck you can use this tool here To maybe help. Hey, so in fact, you know, you can take the heat map off You can take the volume dots off and just look at this tool in here And then start to understand and comprehend if if you You know Is this kind of a key element to your to your trading plan? Do you want to use this? No, no, I mean not everyone in the book. That's why you see like during those Fundamental events here. Let's just bring this down During the fundamental events like a lot of you'll see, you know, players will stay in the order book And they don't they know the events happening. They don't care though They they're a willing buyer or willing seller at the specific area. They're advertising Now typically it is quite far from current price and that's why they leave their orders in there Because that's the price that they're looking for great or whatever reason Maybe they're averaging and maybe they're taking profits. Who knows right the larger player activity. We don't I mean It's a little harder to understand than it is to understand the Retail trader. Oh, yeah, it's amazing. I mean, this is one of the things that can book map like That it is so great. I mean it will tell you in here that something's up in the market Like people start, you know to bail on it or you know during rollover period you look at it and go well That's weird, you know You know, why is this market looks so weird? Well, it is due to The way people are now Participating in it they're there, you know Rolling from one contract to the next and The order flow will tell you and then you go. Oh god, this is rollover period. All right. Well understood Like here. Here's another one. I look at the Nasdaq right now. Okay, and You know, a lot of traders have been complaining about this that this player activity in here That this algorithmic activity that stain like I don't know something like 10 or 20 points away from price I guess it's 10 is Making it hard to read the the order flow Right. Well, here's the longer term player right here 750 and they're just about to get filled Right, but all of this in here. Did these algos stay in the order book? Did they get filled? Yeah, actually some of it did look how they're kind of sticking in here and getting filled in here Right now this guy pulled and you can see him You know still providing that liquidity underneath this level, but this guy here is staying in the book In fact, they're adding to the book right now All right, so good good stuff There to understand In fact, let's take this a step further. Well, there's a few things you can do you can use trader map pro since this is You know very specific players And it might be hard to kind of filter out. See how it's still still in here because it's high liquidity Well, you can filter it with the trader map pro tool I want to cover that maybe another time, but you can do it. It's it's not difficult and You just use the let's let's just go through it. I want to I really want to cover market polls in more detail but Since it's here and we got this example in front of you Let's let's go over it here Trader map pro is here Alright Okay, I know Okay, so it opens up over here in a new instrument now. This is a synthetic instrument That's the way this works here in book map Because this is mbo data. So we have to create a new instrument here And then we're gonna filter here in trader map pro and Let's use Let's see. What do we want to do stuff? Let's stop Stop both of them Let me do this again here Sorry about that. I get rid of the spy It's demoing a bunch of stuff the other day Get rid of this Sorry Kind of all over the place here. Alright, so for for Nasdaq in here. We're gonna create a new one in here. So This is what we have here. We chose Nasdaq from the drop-down We're gonna add or it's already there's one here and we're gonna look at Liquidity that was changed Okay And or I'm sorry not changed We're gonna filter out. See see this is the longer-term liquidity that stays in the order book We can very easily filter out by by size Let's hit play Okay, and then it'll create a new instrument over here And then we'll take a look at the output Yeah, sure you You can change the The volume in here you can mute them right here for example right on the widget, okay, or if you want to go to the Settings for market pulse in here. These are global settings up here If you want to mute them all if I click on that see how they're all they're both muted now Okay, if I unselect it Or Yeah, unselected should work a selected unselected might be a bug. I'm not sure Yeah, well anyway, this is a global button here for mute and That's an easy way to do it if you have multiple open or you can just click on each one here All right, what about leaving on market pulse and turning off order flow? What do you mean? by order flow Yeah, we can take a look at Tesla But anyway Let me get to this point here with this see the NQ now look at look at the NQ What happened to that guy? See see how we filtered that out see you can see traces of them in here this this kind of You know stacker algo that continues to add and pull from the from the market It's it's here You can just faintly see it. We could probably do even do a better job of of filtering him out Okay, but this is starting to look way cleaner, right? and Starting to just highlight longer term high liquidity that has stayed in the order book By using the not changed liquidity filter And then that will give you additional insight in here, right? Maybe that's something you want to use and play around with Market pulse is you can get separately on the marketplace. You can also T46 you can also get it get the MBO bundle and it will be it's free within it All right go to the MBO bundle in the marketplace for details Let me show you where that is if we go here into the Market marketplace here here's market pulse And it'll it'll you know You can read through here and then you can go also to to purchase here So Go to the marketplace here for Whatever it is that you want to take a look at here Okay, all the add-ons are in here and MBO bundle it's in this one Okay, you can see it's included down here market pulse just just the um, I'll go for volume pressure is included here Okay, so let's just do a quick search in here. Um, and just do Market pulse algorithms bundle right here Okay Uh, and so this is for the um All of the Well, there there's more being added right now, but they're in beta. Okay, but you get volume pressure volume pressure and balance Price change and spread change. Okay. It's for stocks and futures. It's 34 a month All right, so that's how much it is. Okay, it's not 134 All right, so that's where you can go and find it if you're interested All right, so we went through trader map pro in this example here. I think we're good on that. Um, and let's jump back over to S&p and and get into some of these details in here Now this is this is what I wanted to cover About back testing your strategies. I mean, this is such an easy easy clear way and and getting clarity in the markets Is is always difficult right almost always This is one of the reasons why people really rely heavily on indicators Uh, is to get clarity Okay, instead of trying to read the order flow in here and say like wow, this is a strong move. All right now These guys are in control Pullbacks in here. I'm looking for support in the order book and blah blah and looking at all these factors Well here you just know that it traded up into high liquidity swings are up here and you're getting this volume pressure in balance Uh You know threshold Pierced by the buyers Right up into here Okay, well look at how how beautifully it it looks or it Um displays This top edge here and then being able to understand that well, you know We sold right back off into the into the middle. Okay, what about the swings in here? Well, it would have been great to see you see a little swing here, but it didn't cross The threshold which is a little bit lower here All right, so uh You know it didn't give you much of a signal there, but it gave you pretty pretty nice signals in these other areas Look at this. Yeah, I'm perfect. Uh, and then We don't see uh the um the buy side here But you certainly see the buy side in in these areas in here Okay, this one comes out really really nicely here Uh, and then the uh the swing lows Swing low is is pretty good in there should see it hit again into this 65 area here Uh, and we should probably get another swing low here And here market pulse as well Okay, so I'd be looking for that So you you want to you want to sell the the highs and buy the lows or vice versa. This is really going to help you Okay, now It's not markets aren't always as simple as that and I'll show you an example here about reading this and using this in a trend Uh as well, but in a sideways market this thing can be golden All right, so uh make sure you play around with your settings in here the threshold uh the um Half-life and also the look back period Okay, our training period. I will give you this additional insight in here All right So and and now you can develop a trading plan based on this or you know, at least it it gets you going in that direction Or take your existing trading plan and try to see if you can get an extra edge by looking at this information All right, so let's look at a downtrend in here and how do you read this? Hey, because nice nice downtrend here. All right Well, you know, look at the majority of the price action in here in market pulse Hey, it's somewhere around in here, right? Uh at this level here now the peaks is where it's extreme Okay, and we can match those areas up really really nicely in here with this tool um, but maybe uh, you just don't get too much uh buying in here. So this is average Kind of an average in here. So maybe if it comes up into this area here Look for it up here. Does it match your swing? Okay, well, maybe that's good enough because you're starting to trend down We're not actually looking for it to peak by buyers in here Okay, so you're just looking for it to pull back into the average areas in here But you are certainly looking for the swings on the sell side We want to see kind of a deep move into those areas in here Real hard sell-off into high liquidity Okay, again match these things up and you're you're just going to have a really nice trading plan here Uh, and you can I think very easily or clearly build out an edge in here Okay by understanding And going back and and testing this and finding your edge Okay, so anyway the the point about the um trending market is it makes sense that you're you're This is kind of the average in here Uh, but you are definitely looking at it for it to peak on the downside Okay, so we're just we just talked about it here, right? Well, here's another peak right here All right, and we've already pulled back in in fact for the average is already pulled back to here Uh, that's all we've gotten so far right here on the average and and you know that that was uh, We're right at it Okay, so uh Maybe that's all it needs. Maybe the market can now continue here, right? Well look for those sellers to come in roll over look for high liquidity like this here On the bid at lower levels Okay, uh and look for this liquidity on the uh, I'm sorry on the bid. This is on the offer Uh on on the bid in here look for it to transact look for sellers to push it into that high liquidity there Okay So, uh rob for example, um, you know, we've spoken many times in the past about trading plans and building an edge And this is the first step in Building your edge find something that resonates with you Find something that makes it clear and easy Uh, and then now look at many examples here So we've already looked at many examples in a trending market and a little bit of it We can look at it in the sideways market up here, uh, etc uh, and uh, uh, you know start to match these up now Do you have an edge can you manage your risk in certain areas in here? So not every time it's going to work out beautifully But can you manage then risk in here to take a small loss or just a scratch trade? On ones when they don't work out Uh, and uh, that's fine Uh, because when the ones do work out you're going to get it you're going to catch the low here and sell the high Okay, so here again, look, we were just looking for this to trade and transact and we looked at this area as the potential shallow pullback Because it was already hitting the averages in here. In fact, we got a little bit of a spike here But that was before though. We were looking we were looking in here Uh, in this area All right, so any questions on this? Uh, so This is I mean Now go back and back test it Okay, I mean you can do like, you know one two three four five You know six seven eight nine ten eleven twelve thirteen fourteen fifteen Like you can do 15 studies within the last like hour and a half or something like that Or 45 minutes, uh, and uh, that will help you build your edge immediately All right, so Uh, anyway guys, this is the kind of stuff we're going over in the in the book map academy Or junior academy and we're going to be going over more and more of this In the near future All right now this tool here This market pulls tool Um is going to be available for you. You guys in the academy, okay free as a beta tester or a beta version All right, so we're going to we're going to give it to you. That's one of the benefits you get as a book map academy member So, let me let me show you that page and if you guys are interested in joining It's um Just go to bookmap.com Ah, yeah, we don't have it linked in here. It's kind of hidden. Um, so you'll have to do a search for it or Just go I can give you the link here. Okay And go to the book map academy And then let me let me show you here That you just scroll down a little bit and your first step is to apply to the book map academy or junior academy and then one of the things that you're going to get in here is um Access to pre-release new products and add-ons just like this one Okay, we put this across the board on all steps in the academy They all get this right So, uh, that's one of the benefits if you're interested in that then just and for just that reason Well, you might consider joining just for that reason then Let me or looks like dan has already put it into the chat. Excellent. Thanks dan um Rob. Oh, you're not sure if you understand. Okay. Well, just just match these up like, you know This swing here. This is where you're getting the threshold reading, right? It's very simple Okay, well did that give you an edge here? Well, it would have if you took some profit Right now it would have it have been a good idea to to buy at that point. Well, it went against you, right? uh, and not so If you're looking at buying the the the counter trend and a down trend Then this is this makes it a little more difficult Uh in here Hey, but uh on on these other little areas in here Uh as a potential pullback is it's giving you great information And then your profit would be down here at the bottom when it starts to hit into the threshold It's it's I I think this is one of the clearest ways You know, I've I've seen to to start to build your trading plan Hey, so Looking at many many examples knowing your market knowing your strategy All right. Anyway guys, uh, let's continue on and uh, uh, we'll look at some other algos in here as well Uh, and uh, and continue to read the order flow in here And tesla there was a request to look at tesla. Let's take a look at that We go here. Let's let's add market pulls, uh for the For this stock Create a new one here it is look at Volume pressure and balance And we are going to select tesla here And hit play And let's bring the volume down a little bit. All right, and we'll put it down here Okay, and now we're going to look at it in the sub chart too All right, here we go and let's turn off cvd for the moment So here did it give you a good reading? Yeah, pretty good pretty good That went up a little higher, right, but it was green that whole time Uh and uh, uh, is it up near a swing? Yeah, it is Okay, so not bad These little areas in here like you can see it crossed and you would have gotten a little bit of a sound notification or alert down here Are those good areas? Yep. It's great Right. Also, this one's not bad. It's at the swing you know, um So, uh, you know, you'll have to you know get a feel for like how you want to manage your trade in here Using this tool, uh, but uh, you see heavy selling uh, was what Gives you the Threshold crossing here in the alert using this market pulse of volume pressure Hey, and then you're looking for again your pullbacks in here. Look at how it nicely. It's showing them Yeah, nq nq. It works great on nq as well um, and Let's take a look at some of the other ones in here um The uh, not not different markets will look at different algos for this market pulse I want to cover these new ones in here because they're they're brand new you guys haven't seen these uh, so uh, and we'll go through them Again reading them getting an edge from them and it just makes your um Your trading breadth in here, uh much much wider And understanding like here we're starting to hear Tesla hit here. Are we near a swing? Yeah, great. Okay. Did it sell off? Yeah, great Okay, so now waiting for it to maybe trade down to about here Uh, and get the reading here or maybe it has to get down to the threshold here to cover Okay Again in real time here, right? So I'm still holding it. I'm waiting Okay, well, this isn't bad. That's maybe not a bad area to consider some profit Uh, you know, that's the average here now still going lower Okay, so uh, yeah, you know wait for a reading in here Let's see if it hits there it goes. See it just hit red there right there I mean look you just nailed this pullback perfectly sold it Maybe you took some off down here or maybe you waited for the bigger move here Uh, and then and then sold it into where it started to turn red in here Look at that area guys. I mean you can't make this stuff up I mean that's a an 80 Cent move immediately within seconds here And you just captured a really nice move. Look at all this price action and how easily you caught that move Now again, this is just the starting point to back test Okay, but this is how you can match it up now if it doesn't match up too well, maybe play with the settings Uh, you know come in here right click go to settings and play with the the training period and the half-life period And look at what you get as an output when these thresholds are crossed Match them up with your price action All right All right, so I'm going to close these two and we'll keep this falling pressure one Of the five mark is open. Uh, and then let's go over the um, uh, let's let's go over to the s and p here Uh, sorry bigger picture stuff on uh on tesla Yeah, I mean boy. That was a really nice move into a big swing low here Okay, so you captured a nice nice little dip down into into that area here Uh, it looks like it wants to trade into 214 here Anyway, uh That's uh, that's all I see on tesla at the moment All right, and then now let's let's take a look here at um s and p and then let's open up some of these new ones in here I can't wait to Jump in here. Um all right, so Let's see we just closed the volume pressure one. All right, so let's take a look at another one in here Let's look at the support and resistance Hey, this is an interesting one really interesting. Um, I Don't know if we're going to call it this yet or not. Uh, but uh Support and resistance, but uh it because it's it's not necessarily support and resistance It's it's showing kind of more order book and balance. I'll explain And let's see here. I should be able to make this a little bit bigger of an option Size I think I can just All right, so this one's a little more complex in here now It looks like it's volume pressure in here, but it's not It's support and resistance. Uh is what it's called. All right. See these numbers in here. It can be positive or negative All right, so this is what we're showing in here Uh is where they're pulling from the order book if it's negative That means on the cell side If there if it's a negative number here, you're actually going to see the color change as well It's going to be a darker red They see how it's a darker green down here. There there's our darker red. Sorry Um, it's a negative number now and it's darker red Okay, as simple as that All right now if it's a positive number see how it's a it's a brighter red This means they're adding into the order book All right Now you're not really going to see you'll you may see it in the heat map here Uh as well, but this is it's It's giving you an even and a more enhanced reading in here Uh, let's go to the settings and I'll show you why Okay, so it's both it's showing pulling and adding on buying buyers and sellers here In the order book and if we go to settings in here, um, this is, uh What we have in here is so we have a training period Okay, we have the threshold we have the training volume. We have the training period We have the half-life period. We know what all of those are We also have the half-life price Interval here Okay, it is at four right now What does this mean? Okay, what this is calculating in here is the entire order book Okay, um And uh, uh all of the liquidity in the entire order book, but not equally Okay, there is a half-life also At every four levels So the first four levels have the most Um, uh influence in the order book the next four Um Well, you get a drop-off then at after that point. It'll be half as important And then the next four after that Uh are going to be half important as of from the previous one Okay, so it will continue to drop off every four levels Uh or ticks Okay, so the first four the most important the next four or up to eight at that point. Um, well four to eight would be Half half as important as the zero to four. Okay best best offer to to to four Okay, does that make sense? It's pretty it's pretty simple. Um And uh, uh, that that's pretty much it. Uh, so Uh, now what this is going to show though is really nice Hey, that pulled liquidity at uh that added liquidity in here Okay, now let's start to again. Let's let's maybe this setting. Let's let's test it here. Let's take a look When are we getting readings in here? Hey, well here here's where the book we had an order book and balance in here on the um, uh, more much more on the sell side Okay Not giving us too much information in here And so we'll have to we'll have to fiddle with the the settings in here a little bit Okay, so maybe uh Let's just bump this up a little bit. Let's go to eight See what we get And it's calculating here Okay, here we go. There's our output I was getting closer. It's getting closer to uh to something Okay, there there there it just it just hit high liquidity up here There it just kind of flashed in the book here and we saw that extreme read here and here see that liquidity in here See how it caught it Uh in these outputs here Okay, so that would be kind of hard when you're zoomed out to be able to see that And now we should see it also here on the on the offer and it's starting to hit a little bit You can see just a little bit of red down there Okay Okay, so we know there's an order book and balance now we can see this one actually really clear in the heat map Is right here Uh and now they're pulling a little bit here and then we see the reading see how it just kind of uh bumped up a little bit Okay, so they're they're pulling on the on the bid and it's it's right in here I can't wait to to uh start to really play around with these and and get some additional insight in here Because what I would like to do is is um compare this one here with eight levels Or let's even go to more Let's go to 32 levels or 16 levels apply Okay, so we're just waiting here Anyway, beautiful move into this high liquidity and we can see a nice bounce out of it Okay, see see how we're getting our reading now Okay, so not bad It's getting it's getting interesting uh and um Now what I would like to do in here is Uh, we're gonna add another one We're gonna uh create it and let's look at a um same one Okay, we're gonna change the the settings in here Uh, we'll keep this one at four Okay, we use all all the same uh Training period half-life period, but we'll keep it at four Uh, and then let's um, let's hit play So what we're gonna look at here is um One that is making a harsher filter Compared to one that is not So we have two order book and balances, uh in here Uh, and we're gonna see like which one will give us like, uh, maybe a bit more insight Or we have like an inside market versus a more outside market Okay, or you know bigger and balance book and balance. Uh, that's what that's what we're talking about Uh, and then trying to uh play the play off of each other here Um, in fact, let's uh, let's right click in here and change the uh, can we change the colors in here? We could I guess not Definitely change the sound And they're they're kind of matching up pretty nicely actually they're they're uh You know, I guess some pretty extreme readings in the order book at some of those areas Anyway guys, that's uh, that's another one, uh that I wanted to show you and and and some of the studies to just Just kind of wet your appetites to start to play around with this Let's close it up here. Uh, because there's more to I need to show you and just just as high liquidity is coming in um, the the other one I want to show you in here, uh is um absorption now to absorption and sweeps Uh, so let's first add absorption to the uh indicator list So we got that and Also sweeps Okay, you may need to update your sweeps uh and absorption uh indicators as well Now it's going to work off the market pulse is going to work off of your settings You're going to use your settings here for sweeps and absorption to filter Hey, and then market pulse is going to work off off of that right, so uh, anyway, uh, we've got um We've got our sweeps who our filtering looks pretty good in here actually for uh, these these settings. It's not too much Uh, so we've got it kind of filtered pretty nicely. All right, so great. All right, let's go back to market pulse Uh, and then uh, we can click on play here for Uh, absorption pressure. Oh, I should be able to use this How come here Okay, I don't know why I I guess uh There's something. Uh, I just not giving me access to it right now. All right. Well, how come um, I thought this I was doing this earlier It has a bug t 46. Okay Yeah, I probably don't have and we just we're just releasing this Um, I I probably don't have the right absorption indicator Uh, I think I reverted back To be honest, um, and that's why it's not showing up in here. Clearly I have um Access to it in in market pulse But it's not reading it in the instrument is what I think is happening here All right, so you have to update your sweeps and absorption indicators as well All right, so and that'll be a big one All right, what else do we have in here? So we've got we went through um, uh support and resistance Uh, and uh god, I'd really like to show you this because there's I got some great readings off of this as well Or sweeps and absorption It's not available. Well, we tried um Let's take a look at uh, uh, let's combine two now. Um, and and and take a look here. So we're going to go through. Um, the Looking at um volume pressure Okay so volume pressure here and then uh for the es and then here we're going to look at support and resistance in balance and then we'll take our sweeps and um absorption off the chart Okay, and uh, we the volume pressure imbalance already is built in. Okay, and then uh, let's see here is that icebergs Okay, so then here's our delta um for the, uh Support and resistance in here. In fact, do we want delta delta percentage? Let's go with this. I like it Okay, all right. So now let's compare these two uh and start to build out a plan as well Okay, so, uh, we went through the volume pressure imbalance, uh and very very clearly uh that we're seeing we're seeing that um This is where we're getting that Large volume on the by side here and it's peaking across the threshold here Uh, and uh, and we're up at a level of interest. We're into high liquidity They see how this does this make sense rob? I mean you can understand these confluences Uh, and then now you have this additional information that's giving you very very clear Um, uh insight that uh, you know, you have strong volume into that area up in here Hey, but you've got absorption. Uh, you've got high liquidity. It's up at a level You know, there's going to be some interest up in here to For price to come back into the into the range in here Okay, and then you can even see here. Look at how this is. There's a uh a divergence here Okay, it crossed the threshold here went up and made a higher high, but we're not getting buyers up here It look for the sellers to come in right. This is exactly what we look for in the order flow But now we're using this tool to even make more clarity in here Hey, almost like cvd uh in here, but uh, we have it Like with the the volume pressure and balance, which is even even better In my opinion now look for these sellers in here Now I would look for the sellers to try to drive it back down to the you know bottom of the range in here Hey, and then look for the reading down here Okay, so we're looking for here this level And we're almost there There you go beautiful take your profit right there Okay, you also have an order book and balance down here as well matching up in in the correlation with this blue line here Which is the um, uh the delta absolute delta here All right, so you have multiple reasons now Is that a good trade or not? I mean you could have uh, you could have sold in here that was this would have gone against you a little bit Uh, you could also look for the sellers start to come in in here Uh, because you see some of that divergence And then you would be holding this Maybe you took some problem. Maybe you took some off here, right? Maybe Uh, because it's out of swing low You see high liquidity here And it's at the bottom of this or swing and then this range and then you also have a pretty strong reading here On the um on the sell side Okay, but it didn't cross the threshold, but you know that might be enough to uh, you know understand that maybe Maybe you hold some maybe you take some off, right? That's a possibility Put your stop at break even maybe you got stopped out on the way back up in this case You didn't you would have made a nice move to the bottom of this range here now down here We already said what would our actions be based off of this indicator in here We would uh, we would sell the position here. You can also open up a new one And just reverse And then look for again a move back up into top of this range in here And then and then take your profit up in here Okay, well did that work out? It worked out beautifully You guys understanding this I mean like, I mean, I think it's really really clear On my side, I mean, but I'm the one explaining it. So The only feedback I've gotten here is rob Saying it wasn't so clear No, no feedback How are you take the data and write it down in some form? Well, this is this is where rob you got to do that manually Okay, um, and uh Uh, it's not going to output this. Um It's clear. Okay. Thanks debra. Um, yeah. Yeah And uh, how many points did it go? Where were the swings? Um You know start to and then if it Put in I think is as well. What's really important is your trade management Really important. So really important was for any trading plan. It's really important, of course Is in fact, it's all about trade management, but uh, nonetheless Um, what would you do if it went against you? Right, what if it started to trend down here? What if you Took your profit and then you you also got long down here and it started to continue to go against you Okay, well, how are you going to handle that? Are you going to wait until down here? How do I go against you all that way? Well, it can continue even going further, right? So, how do you manage that? Well, just take a small loss Okay, and then wait for you know, the next uh, uh If you have studied this you just wait for the next. Um, a trade uh idea here and Take the trade Okay, so uh, and then you would manage it accordingly. So like you you made a really nice winner Uh, maybe you had a small loser and maybe you got in again and maybe you had another small winner or you know, not a bad winner here um And that will that will outpace your losers and that's what we want Trading for a living you're doing your back testing at night and putting it together during the day For the new york open fantastic. How's it going? Uh, are you using this tool up here as well? Like, uh, I would I suggest that you do it's the Trading statistics in here Okay I can click on that and uh, this is what it's gonna You know give you your your your position id your symbol your average price Um, you know, there's a whole host of things in here It scrolls right so you can look at your um, uh, you know, some of the ones that I think are are are really important about uh You know your maximum adverse excursions and maximum favorable excursions Uh, and uh, you know, this is where you're gonna really be able to start to control your risk And you have global plus for the year. Perfect. There you go Yeah, yeah, so this you have global plus so you should have access to this go get it So, uh, just click on your your add-ons manager here or configure add-ons Uh, go to your add-ons manager here and you should see it Okay, uh in the level one area here. Okay, so uh, just uh, you know scroll down You can see I have it here if you if I remove it it'll come down into available here Right All right guys. Well, anyway, we went through um, we've gone through a lot On this market pulse tool. We went through trader map pro as well. We went through back testing We look through uh, how to back test this and understand it in a trend And also how to understand it in a sideways market Okay, so we're not we didn't read too much order flow today Um, this is we're usually that's exactly what we're here for is to read the order flow The live forward-looking, uh analysis Uh, it's just that these tools are really good. I think you're gonna get a lot out of them Uh, I would recommend that you you test them go try them Sign up for the book map academy and get them for free Okay, so uh, uh, yeah, we'll just put that page back in in here again for you guys uh, and uh, go here And uh sign up scroll to the bottom here and just sign up You will need to once you sign up and click apply here We'll capture your email what we need to capture you and disc discord as well So immediately after that you'll probably get an email And that will tell you to um, uh go to the um, uh, this room up here Okay academy applicants here. Okay, click on that All right, there you go. Here's t46 just applied Send please send me my spreadsheet. This is exactly what you do All right, beautiful So, uh, you you want your spreadsheet in here and then start Creating some content read read through this here What this this program is all about it's really simple Um, uh, you apply for the book map academy start to create some content Create some content on this on this new tool You're you're gonna get access to it like like we said in here you get free access Um start to get some content put this together for yourself. Uh, and uh, this will give you um Uh This was how you can Automatically build your trading plan while Being part of the academy in the community Uh and work your way up to get book map for free in the in the book map academy here Now you can become a coach you can become a streamer If you continue to do really good work in here. It's an opportunity for you All right, so take it take advantage of it Uh, go go do it sign up Uh, give us your discord and then you know, we'll we'll send you their spreadsheet and uh Start to play around with it. Uh trading for a living you you just mentioned that you're you're back testing already Well, why not just uh sign up for this community? Um, uh book map academy uh and Or apply for the book map junior academy and uh, since you're doing your back testing anyway get get credit for it Right get uh create good content Uh, and then uh, we'll if your content is good and meets the thresholds You'll you'll make it into the book map junior academy where it's a proving ground There you have to prove that you can make the thresholds Hey, if you do, uh, then we'll give you book map for free. How can this not be a win-win? All right, so do it go sign up And uh, we'll see you in there. And in fact, we're going to have a trading review next week Next wednesday, uh for um book map academy junior academy members We will coach and mentor Uh some of the content you created Right, so uh a lot of you guys already, uh, uh are In the in the academy already so See here Drop down again here. Uh, I think cmj had mentioned something in here. Let me just check. Sorry Uh, yeah cmj, uh, uh, yeah, he he's in the book map junior academy Okay, uh, will this be um, will the stream be on replay? Um, yeah, it's it's all recorded. Uh, it'll be available immediately MP this this tool is great. Absolutely. That's why I'm spending so much time on it here Guys, this is you can easily very clearly build an edge here Play around with this Rob especially Steven especially Like look for clarity in here Um, and uh, try to build out a very very clean clear cohesive trading plan for yourself Now you're probably going to make many trading plans, uh in the future You know, you've always got to go back and uh, like this might lose its edge over time They always do Okay, we'll adjust it Um, you know play with the settings. Try a different algo and um, uh, you know try to try to find an edge You will find your edge from back testing Right, I mean, this is this is why I'm covering today and spending so much time on it today instead of reading the live order flow Is because if you can do this In a very clear way you can build your trading plan And you know what you're building it's clear Uh, and now test it. Okay Back test it Then once you've back tested it and you understand what you've what you're doing in here Do it in replay mode forward testing Okay, you can do it much quicker in replay mode Then you can uh, because you can speed it up We have those tools for you We're building out your plan We record your data in book map every day and then to go back and back test this I think t46 was saying that Uh, he uh, he's back testing at night and he's trading during the day Great So yeah, go back back test this And uh replay mode You can forward test it Play around with how you want to manage your risk in here. What are your stop losses? What are your take profits? Um, you know, can you gain an edge out of it? Okay, use this um this other add-on tool in here. You can uh from your trading statistics You can you can take trades in here, uh, and uh, it will record it Okay, and then you can put that into your excel spreadsheet Uh as well all right, and then uh Once you really have and this is what I would I would recommend Uh that you do this Well, you could you could put your trading plan together over the weekend Uh, you could have like 30 50 examples Uh, probably in a day Maybe by the end of the weekend you could have 100 examples That's not a bad place to start even if if you had 30 That's not bad Hey, you're starting to understand the the numbers, uh, and the probabilities behind what you're doing Uh, and then now you have you're starting to define an edge This is what's so important most traders retail traders have no edge at all Maybe they a lot of retail traders though they'll read a book Oh, I I understand the concept and what do they do they start trading it immediately And then they lose their shirt They go well that didn't work. I'm going to read another book and then do it again Okay, well, what if you took just took a deep breath Study this match this up Start to wrap risk management around it Have many examples now, you know, you have an edge Hey, if you have a number a quantity Once you have that quantity now, you can start to forward test it with No risk play it play it in replay mode And then next after that Then you can You know get more examples Uh, get up to a hundred And then boy, are you going to really know your trading plan then? Right and every day continue to add more but now you can start to forward test it. Um, maybe in demo mode in live market Continue to do it in replay mode as well at night Yeah, this is this a lot of work. Yeah, it is but this is how you're going to build an edge Okay, now you're you're getting ready to forward test it not just in the live market in demo You can do it on small size Use micros How's it going You know, are you now that you're trading real money is are you having blocks in there? Well, you shouldn't You shouldn't this is how we cover trading psychology in here Why would you have a block or a problem in here with that? You know, you have an edge Your activity should be the same as when you're doing it in forward testing Okay, it should be based off of all your studying and your back testing And you shouldn't be trading size That makes you nervous That's why you forward test it in micros Okay, now you it takes a while just to get there Okay, and this is for any level of trader. It doesn't matter if you're You know an experienced veteran of of uh, uh 20 years This is the process Okay, uh, and they're just going to go through the process quicker because they know how to do it uh now, uh You're trading in in small size Now you can start to trade with maybe bigger size if you know that you have an edge and you trust your plan Uh, all right, let me get to some questions here enough lecturing and we're almost out of time here So guys again, like this is free if you want to be a beta tester and it is free for your bookmap academy guys Okay, so that's one way to get in here join the academy All right, even just for this reason alone just join it You'll get free access to these kinds of tools in here. This is one of the benefits Hey, you're this is also what you're going to get for bookmap junior academy or even the applicants to the academy You're going to get all of these here. You're going to hone your skills by journalizing Uh, you're going to come to bookmap meetings. You're going to get coached and mentored by bookmap coaches uh, you're going to get the Network of other like-minded traders in you and you get this access to these products in here like I'm like I'm uh describing so Why wouldn't you? You know go go do it All right trading for a living. Let's see. I can't wait to read. What are your comments in here? Debra, this is for you too Go check this out Okay, like I said, maybe this isn't that you're your style of trading But this is a good example on how to build a trading plan So play around with it Hey, I mean, I can't I can't do it much more clear or cleanly here if For example, uh, let's just uh, I want to take off the blue line here. Hold on All right It's cleanly and clearly using this volume pressure and balance in here All right. So this is where there's buyers hitting the threshold. Is it up at the top of the range? Boom. Yes, it is Okay, so now do you want to be a seller up here? Well, look at the context in here. Yeah, you probably would based off of this plan in here Right. Okay. Well, would you have a loss in here? Yeah, maybe you'd have a small loss Maybe it hasn't hit your your uh, your stop loss yet. Maybe you're still in it Okay, so how are you going to manage this in here you're going to answer these questions by Uh, this kind of back testing in here. So now what if it gets back down to here? See look what the most of this selling came in is down in here or you can look for the uh, the extremes down here right, so uh Now so you let's suppose that your stop loss was a couple points. You'd still be in this, right? So now you're looking for it to come back down in here or here And that's where you'll you'll uh, you'll exit the trade Hey, maybe you made just a point or two. Maybe maybe you uh, you didn't make any or very few Well, the market uh on order flow. Maybe it's changing in here Hey, there's a lot of volume pressure coming in on the buy side now Okay, but you're reducing your risk you're following you're following a plan Okay, so uh, uh, yeah, so, you know, maybe uh, uh, I'd wait a little bit longer. Let's see if we can get down to here No, this isn't quite low enough for me. I'd look for here or I'd look for the extreme Hey, maybe it trades into here and then you get the extreme reading. Okay, and this is where you got in though And and look again at the divergence in here. We didn't get a reading up here Even though you see a lot of buying in here and it went against you Well, then look for maybe maybe you look at your entries not by the extreme value you look for those sellers to start to roll in Okay, once you start to get that then you're looking for entering You know, this these are the kinds of questions you're going to have to answer for yourself Uh as you back test this all right Let's see here And you're using an apex account trading for living. Okay. Well, yeah, I would recommend Doing that after you've you've got your plan together and And and I've done your back testing and your forward testing In replay mode also in live market in demo And also with small size Yeah, uh, then then you've really got something debba really I implore you Uh go Uh and start to put this together. So when we meet on Monday, uh, you've you've already got maybe like, I don't know 30 examples Even lowball it look for half that look for 15 Start somewhere I mean you you can have you can have in this idea here this trade idea You can already have like 20 examples just from the last couple of hours In here look at all these examples Okay So again, remember what we just talked about extreme reading or a little bit lower here Now you take your profit Okay, you got in here it went against you a little bit Now you take your profit All right now you you have to start to map, um Match this up though with your market structure and your order flow Okay, but just cleanly and simply look at look at the structure and look at this, uh Volume pressure and balance indicator Oh, you're good enough debba. This is so simple You know This would be something like in middle school You teach this you could in and say like this is this is how you build an edge And you can do it Think of it don't think of it like it's it's money in the market think of it's like a game Or you know something uh, take take your mind away from the money Uh, and then uh, just just work on building this plan building out and understanding this this system that you're making for yourself All right all right So let's see here You have answered a lot of questions, uh a few more in here Can we shut off icebergs? Um Yeah, I oh you don't you don't want to see them on the chart here. Yeah, sure sure Sorry about that Yeah Okay, well use your crosshairs to go over these areas here Okay like here in here here And here look at that beauty All right now it came in a little earlier, but uh, still you're still pretty good All right. Anyway guys, let me see a few more questions. Uh I was not getting uh, um any uh iceberg notifications sound notifications You can turn off the sound as well. Just just just use this. Um, uh sub chart here for your back testing Play with the settings as well. If you're not getting the reading that you want play with the settings until you do If you have two buttons, uh, and one prints dollar bills, uh, why would you press the other? Yeah, here kenji kenji just got um, uh He just got funded uh in one of the uh, you know trading programs And he says turn off your pnl. It's a game changer Which is a funny, uh, uh choice of wording there game changer And gaming, uh, we just talked about don't think of it as a as a market think of it as a game Nonetheless, uh, uh, this is a lot a lot of professional traders. They do not want to see their pnl at all And that it makes it emotional All right guys, anyway Take a look, uh, and give me your feedback on monday. See what you what you think sign up for that bookmap academy We will meet on wednesday next week and we will review some of your trades And gives feedback on it from some of the coaches In the bookmap academy go to uh bookmap.com slash academy And sign up and then come into the discord room and request your uh your spreadsheet, but sign up first Okay, it's pretty pretty simple and straightforward All right. Thanks everybody for coming and we will catch up with you on monday next week All right. Take care. Bye. Bye