 All right. Good morning traders. Welcome to the all markets live order flow analysis webinar with Bruce. That's me We'll go for the next hour to hour and a half through the live markets, that's and we'll understand You know, what's happening in the order flow look for opportunities order flow and balances and other opportunities that that we can try to search for and find here All right. Well, anyway, so I'm on Monday Tuesdays and Fridays. I will not be on next Monday's holiday here in the US So there are no events. I believe the Brazilian markets and Indian markets are open. So we do have a couple of events there And you can follow me here at our discord book map discord Bruce at book map And then my Twitter is at flow order So let's go through some disclosures and jump into the markets here General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right Let's take a look at these markets here. We just had some data We had the consumer sentiment here from University of Michigan What was that number? Let's take a quick look at it here It looks like it's rather muted We can take a look at it Actually a little bit better than expected. So Yeah, we do see kind of a initial knee jerk bump to the upside here But it's right back down to where it started All right, and you know, we're gonna take it. We're gonna Take a step back here and look at the bigger picture before we jump into this very bullish activity here In the order flow that we're looking at right now. So the Good morning, Tony Yeah, so Let's take a look at some of the daily or weekly charts as you know, we start off here Boy, I mean, there's so much to cover here just in the daily You know, we had the strong move out. You can see this strong move up here Let me go bigger with this for now strong move up On this daily chart and then you know, it's a little highs above the previous two swings here and You know, it kind of went back and forth in here and we had some sharp days down All right, all the way back down here. Now we were looking for that You can go back and look at earlier in the week. We're looking for the move down into these I Think we're calling it at 41 20 Swings and it went a little bit lower And we're looking we had an outside day on the open. It was somewhere around in here looking for the continuation strong day looking for a pullback and continuation again This is just strong momentum in here. We had our Incovered in our webinar on Tuesday We talked about Momentum and understanding volume Delta and cumulative volume Delta. So this is a strong day here with strong momentum to the downside We had a bit of a pullback or you know, maybe a bit of a pause here and then a continuation of that day So Or the day after so we would look for it to test down to where we found buyers previously down here Well, we found them as you can see And now we are here back up above here And above yesterday's close or yesterday's high as well Okay, typically when we see this we look for continuation and momentum to the upside We are outside of yesterday's price action price is now Exploring new areas and valuations at a higher level All right, so these are Can really set Understanding this kind of analysis can really set you up for the day And understand the highs and lows of previous days previous weeks even overnight sessions and you can Start to look into your trading plan this way That well your bullish here because of this break to the upside here on the daily All right, this can start in outlining your day here And we can see the on the 15 minute in the hourly here. Let's go over there and take a quick look. All right now We even have a gap here on the hourly as you can see in the middle here This gap down and this is something that actually I recall going through the order flow this day We're actually bullish. I think that day during just during the webinar only right it Broke and it gapped down below into these previous swings and where you see these wicks of buying Okay, so we're looking for maybe a gap fill Right on that day and we were looking and we saw buying pressure coming in that day now in In in general Although we were looking at the momentum and you know yada yada all sorts of different things in here The and the potential gap fill The the move here once it it failed to go higher You see the sellers come in hand over fist and these are easy I think much easier trades to or opportunities to find when you see that momentum come in and Just ride it to the downside Into previous areas here. I mean I I would look for you know These previous swings and also other activity over here This would probably be a good place to take some profit. Maybe this one as well and You know, we're not going to go into the details in here But just we're talking about the order flow or market structure in here now again We open we gapped up. I'm sorry. We gap down the next day And in a day like this Yeah, we're well maybe in the beginning we look for maybe a gap fill But like we're looking for the test down lower Okay into these previous swings down here which unfolded All right, so Now what I'm covering in here on these candlestick charts We will see and relate to precisely in book map And so don't take my word for it here because we're gonna go through it and you'll see it You'll understand that momentum you understand where it might go So pretty strong move here on the on the hourly as well daily and hourly We're looking for it to come back up into these wicks here, right? And we're basically there so the opportunity is already kind of lost for that However, I'm still looking for this to to continue higher here So looking at the 15-minute chart here on the right-hand side. We're looking around this 41 96 to 4200 level up and up in here, right now the gap fill would be up here around 42 0 5 or 0 6 somewhere around there And now it's gonna get tricky in here because this is where the sellers came in Back on I think this was on Monday, right? And in or Tuesday, I'm sorry, and then the move to the downside here God, I can't recall. I know the webinar was on Tuesday Monday. We had data dash for the protrader webinar Anyway, we're looking at these These moves here and these imbalances and and momentum to the downside and we look for retest back up to these areas We still see strong momentum here on the 15-minute chart as well Okay, so I'm still everything we see here in our price analysis and understanding the Traders behavior just by price action here. We're looking for it to go higher All right now. Let's look at book map and start to understand the behavior at a much deeper level here By looking at the the auction All right, so here's our cash open here very strong momentum and delta to the upside into high liquidity and a pullback Okay, we covered this on Tuesday And then again strong momentum to the upside into high liquidity Into high liquidity up here and then the pullback now look again at these pullbacks as well See this kind of a quick gap here Right look at the liquidity here. You'd look for a pullback to about here or here Right. Also here is a really good area for a pullback And also here down below Okay, right right in here and you see this little jag here move up slight pullback and then and then a continuation here Right, so you would look for pullbacks into those areas. You didn't get it here You got kind of a a bit of a brief pullback here And then we can see this 10 o'clock data here in the move up The pullback to where these buyers came in initiated the move and then we see continuation All right, so we're still looking for continuation And we're looking for 95 All right now we're looking for buyers up here Around this 92 and a half now Yeah, it's we can see that We got some buyers and they just just pulled back here All right, so let's zoom in here and let's get a better picture of what's going on You can see this bid was taken on by sellers here Okay, see the high liquidity here and we see the transactions into that high liquidity And still a little bit more selling pressure came down a little bit lower here All right, so Yeah, let's take a look here at some of the momentum All right in the Delta that we covered on Tuesday Here's our strong move. All right. All right. Well, maybe we already got a pullback there actually. All right, so Now we're looking again for Strong move in here. All right. We're looking for buyers Let's see if we can see it right now and we're not at the moment. Okay, they're on the bid here at 4190 that's good, but look on the offer Okay, they're up here and I don't see buyers interested in tangling yet with these guys up here now they may and Let's see if they come in right around this 91 area if they do Then I would look for it to come up and test to 92 and a half All right. Now you can see what just unfolded. They know buyers here. In fact exhaustion here Right. That's the scenario. We're looking for is we're looking for our buyers here We didn't get them now here comes here. It comes right back again and again We're still looking for now green dots right here right now and let's see if we can get this move up into 92 and a half Okay, I'm also looking for the book to support it at a higher level here This looks pretty decent here if we get our green dots Why? Because we have our stop run here It tested down below these levels and it rejected it came right back up into this range here So we're just looking for our buyers to pull it up into 92 and a half to 93 and a half Then there we go. There's our 92 and a half All right Let's let's still looking for continuation here looking for 95 All right, let's say let's take a look in here a bit closer Looking for these guys to pull at 93 And looking for the book to stack a little bit more on the bid And we want to read that reaction here And that reaction to that stacked bid would be more buyers more green dots more momentum more Delta here, okay, so that's what we'd be looking for now We can also kind of draw up this selling in here and We can look for maybe a pullback to that area okay This is what we covered if you want to review on On Tuesday any questions on all that Thanks, Rob. So yeah, everything's good on YouTube here everything good on on discord You guys can hear and see me right? Morning Rob. Good morning the Hector. You can give me a thumbs up or something in in discord It looks it looks like everything's good Yeah, I think so all right Yeah, all right, let's take a look at this Delta again in here and start to understand the strength Strengths of these moves in here. All right. Look at the Delta here Okay, look at look at the move here. That's good. That's what we want to see Right Are we getting it over here? Look at look at the dots here We were just looking for this this move in this breakout and I want to cover it again Why why this we had this move and this kind of fake out to the downside? Stop everyone out and then come back in and look for that move that we were looking for over here Understanding this pattern in here or and looking for this the the buying Delta above this level here Is a really really good setup. I really like it Because I know that these these sellers here Well, they're they're covering they're getting stopped out and we're seeing buying back up above this level here And if we get the strong Delta, we're looking for the continuation, which is exactly what it did here Right you look how much risk you can take on some of these trades here or setups. I shouldn't say trades And this is not a trading room. It's not these aren't recommendations. This is a starting point Hector for studying and verifying Some of these ideas or to at least stir stir some ideas for you to look into Alright, we're not here to say like oh you should trade like this. Yeah, there you go Hector. Thank you Not at all. These are ideas And it it's not Financial advice here But these are good ideas now Take that idea and go and study it right you will find on on a This kind of setup right here that this is you'll likely find that this is pretty high probability and You will likely find that your drawdown for these kinds of trades in here is minimal Why is that and why do I like this one so much? Here's why and look at this beautiful move here This is exactly what we're looking for right? continued momentum Right still looking for it to go higher here looking. We're eyeing our 4200 up here All right Now here's why and let me let me go into a little more detail about this setup in here Okay, it went below where these buyers came in and where all of this by Delta came in Right, so there's going to be a stop run down here and there is you can see it here, right? and It retested down below these areas here and Then it rejected and came back in above all of this selling in here And that's where we look for the buyers start to come in and not not the easiest one to see in here right now Until we got to here to be honest Right, we were looking for them here, and we don't really see them in here yet In fact, it's there's buying and selling in here, right once it starts to mount though up in here You know also in here There's good potential in here for it to break out, but also here, right once it starts to Lift this is where we're looking for that momentum to continue Right now this looks like hindsight, but we do this all the time in the live market all the time Right. I'll challenge me on that now, you know, we'll just we'll do it again. We'll try to do it again today here and look for it, but We see this Where we look for this Bying at these at these levels in here and for the tip to be kind of swayed here and these buyers to their big green dots to pull that higher at this point and Target some of these areas of higher liquidity Okay, which you can start to manage your trade at that point Maybe take some off and then hold maybe add more on pullbacks. Okay, a beautiful pullback right here And you can start to look at the delta in the pullbacks This is something we covered on Tuesday, and I'm going to show you I want to show you that webinar again Where you can find it because I think you guys will find it helpful And that is our goal is to Try to help you guys With solid ideas here Okay Let's see here it is Down here, yeah, okay, it's this one here is called a footprint Bookmap versus footprint charts. All right, so that should be pretty easy to remember And we're you know footprint charts and Delta charts that that's what we're talking about now is we've been Focusing on on Tuesday and today we're focusing on market Delta And we're showing it very very clearly in here our book map shows it very very clearly in the Subchart and on chart as well with the volume dots. Okay, here is the video to take a look at here Alright, okay, so all good Anyway guys like yeah look look for this this this setup in here Time and again. I mean I There was a certain period. I remember like a couple of weeks where it was only this trade setup. It was it was It was crazy. It was during that, you know kind of, you know end of the bullish the bullish days last year and How we we started to note that it would climb higher look like it wanted to go higher had to flush through Stop everybody out and then see the buyers come right back in back up above these areas and then the continuation to the upside Okay, so It's a great. It's a great setup to take a look at and to study and try to find an edge there. All right Okay, let's look at Yeah, there's there's no change here. I mean we're still just you know looking for this to go higher We can start to look for pullback areas again Okay, where we think there might be pullback. This would not be a bad area here Okay around 94 Let's just mark it up here Also this swing here And then also this swing in here okay So we're not getting it in fact it just pulled back to this momentum right in here Continuation here up into 98 and a half You you guys that we're holding out and waiting for that 4200 still looking pretty good still looking pretty good All right, let's look at our higher timeframes again Okay, so where is this market going? Well, it's already come back up into This swing up in here for that we saw on Tuesday, I believe Monday and Tuesday and we're up there already We didn't get much of a pullback at all even though we see that selling pressure in here That came in and drove those markets lower. So Yeah, let's let's see if we can continue on up and fill that gap up here around 02. I'm sorry 05 and you know if we get a strong move we might just continue on up into like Some of these wicks up in here around 42 15 to 20 Yeah, some something like that looks pretty good. We can also take a look at the Price action in here in the swings in the swing analysis in here Here's the swing low Yeah, well obviously swing lows down here, but the swing low from you know several days ago We did not break it So what does that mean in here? It means that Potentially a lot of the buyers in here are still in here Okay from this point on if the if if Longer time frame traders are placing their stops down in these areas in here. They were not hit Okay on this daily chart so they are still in it Okay, if we get enough buyers in here to continue in the Delta that we're looking for we'll get continuation And we are so far Okay, and there's there we go. There's our 4200. All right And now we're at 4202 03 let's take a look at our 05 area here. Well, there's some liquidity there already as you can see All right, that's our next target Okay, any questions on this we we had kind of a Usually I jump right into the order flow today I started with a step back and looking at the bigger picture and talking about price action and swing analysis in here and understanding of Ranges and breakouts from ranges now. This is nothing new J trader talks about this Tom be Charles Everyone really looks at You know the the daily ranges Weekly ranges overnight ranges monthly ranges and it makes good sense You know to understand that and understand where you might get Price extension and discovery is going to be above those areas J trader in particular really stands out when he looks at some of the stocks And he shows his bigger picture. Well, but he's even filtering for it. He's only looking for his Momentum strategies and pullbacks to moving averages after It has broken a higher much higher timeframe range like a daily chart and then he's looking for that continuation All right, he's looking for the big strong Delta move a Pullback to his moving average and then the continuation. Okay, we're doing something similar in here however, we're pinpointing areas where It's not there's no moving average in here We're looking at where the traders are in here and this would be one of them here Well, we know that we already know that Because of the high liquidity here and we know that it transacted, right? So we would look for a potential pullback to that area It happens to be the figure as well, but that doesn't matter This down here is not the figure and we would look for a pullback into that area as well Okay, so anyway guys, we're just about to our 4205 And that would be a nice area to take some profit as well Okay, strong momentum here strong continuation and Yeah, let's let's see. Let's see what happens up here like, you know Interesting, okay, some of it transacted and looks like some of it pulled in here No, let's see here No, it looks like 145 yeah, some of it pulled but most of it traded up here 170 as you can see and you see the big green dot into it here All right. Well, I'll tell you I mean This is something that you'll have to look into your trading plan and study as well I'm anticipating though. There'll be some reactions at some of these areas in here like at the gap And we might see just heavy sell-off here at a certain point okay, there I I'm saying that because I like to reduce some of the risk as targets are achieved right, I Do not see any bearish activity at this point at all. This is a strong move So we look for the continuation We have the order book on our side we have the The higher time frames on our side. We have the market Delta or you know the volume here on our side as well All right now that said like we're up at these ranges where a lot of other traders You know are looking at as well So there's going to be some reactions up here Okay, so all of a sudden like we just might see you know a seller come in here and just dump it Okay, or We might not but you know we've been caught so many times when you do see that Someone comes in and and just it's a larger player and it can kick off and start a move to the downside And with a big big stop run as well, okay, but look at this chart right now. We don't see it All right, so we still look for the continuation Just know that there are no matter what it is. This is it. This is pretty easy Reading today but there's always risk and This is what we what all of us do is is we have to assess that risk All right. Look at the Delta starting to turn around here. Look at the bar the bars down here. Look at the The swing here okay back down to this previous pull back here Okay, and selling more selling All right. Well, let's see Where do these sellers come in? Well, they came in around here Okay, well, this might be a good area for a pullback then Okay, and then see if we get exhaustion there and then we look for maybe sellers to come back down Back down to this 04 or maybe down to 02 In a half or 03 a lot of iceberg buying. Let's take a look at the the cumulative Delta on the icebergs as well You know most there's a lot of icebergs selling in here actually in this area here interestingly enough It's not a whole lot to be honest I mean showing up on the chart here. It's just not a whole lot though I mean there's like, you know, it's about 500 or so which is not a lot And now we just had a lot of iceberg buying actually Hector on the V structure You wait for a break out with big following them deltas Or you wait to identify a certain number of stops and icebergs. Yeah, I really No, I look at everything It's really the the delta though that matters it I really like to see it be a stop run though as well Doesn't have to be though Yep, you're welcome, but you know, yes, I really like to see it be a stop run Like this one here. This is not really a stop run here. Okay, so it doesn't it doesn't have to be right? so, you know, this is a kind of microstructure of or Fractal of what we were discovering on on exactly this setup here Okay, here's our move back down low and then the buyers back up above Right, so Yeah, I mean it already came back up to the previous swing here or these were the pullbacks We were looking for here or here Right, or we'll get continuation here On up into 08 There's some exhaustion here Now I Don't like it here, and I'll cover this. Why okay, we saw some exhaustion here We're looking for our buyers up in here, but we're actually looking for them one tick higher We want to see the buyers up here. See how we're making a look just even even though it's one tick a slightly lower high here We can still get buyers here, but it's just another lower high in here. It's not good You know that that's what actually happened Over here See our buyers here we had a little bit of buying in here Sellers that actually dropped it in here I have a little bit of buying in here, but these are lower highs and it also made a lower low in here And you can see some selling in here Right, this is where we can start to cover cumulative volume Delta as well Okay, so we see our sellers Here's the buying almost back to the previous level Okay, but you know, there's a there's a divergence there already There's more selling than there is buying in this little area in here Okay, even though it almost what it didn't quite make up an equal high, right? Even though there's that buying up here Right, so yeah, this is Now I'm there's I'm not looking for a cumulative volume Delta to give me a setup here. I'm looking at the sellers here I'm looking at the buyers here All right, and then We had our flush through here. We were we were still looking Bullish due to everything we covered previously And then we're looking for the potential for this move here is exactly what it did here It just happened a little bit higher here up at 41 91 and a half here All right, and that was a really nice stop run to Okay Well actually not really nice, but it was a stop run all right So let's go back and look at this one here Okay, so this one was not a stop run. Okay, here's our stops There's a little bit not much Not really worth mentioning And then well, yeah, actually this this kind of played out pretty nicely too We're looking for our pullbacks to these areas and then again. Here's our setup once again Okay, then we're looking for that kind of flush through now. It didn't really flush like the other one as nicely and It was not a V bottom here. It it actually retested here Okay, but this is where we can get into the order flow it you know again Look at the buyer this selling down here and the buying on the bid here So first off we have support here Okay, or demand here We can also look at it directly and and understand that only 25 contracts traded into this high liquidity here Okay, there's 222 in here and it's a lot for this at this timeframe here And we had very little sellers Into that area. Okay, so yeah, we start to see those buyers come in They they trade back to here Now look at the Delta in here and this is something that I also want to refer to yesterday's Webinar that we had for market polls. Maybe you guys saw Because I'll cover it here We're looking for we see strong strong selling here right look at the Delta we see again strong selling here look at the Delta All right. Now we see We're looking for a low volume pullback and then continuation if this is going to be a trend to the downside And now the bigger picture we're in a trend to the upside, but you know, we'll just cover this trend to the downside here When we see equal buying or maybe even more buying come in here This is not a low volume pullback in this area here Okay, that's a big distinction Alright, so we're looking for a low volume pullback like this is a low volume pullback in this one on this one here Right strong selling very little buying and then strong selling. Okay. Now we have strong selling strong buying All right, so that's when we can start to look for potential reversals Potential it is likely to still chop back and forth a few times In this case it did down to here. It just did one pullback here This is how you can start to get your head and shoulders or inverse head and shoulders, whatever type of patterns all right, so in fact this this Played out just just beautifully in fact Okay, here's our strong buying. Here's our pullback and again our strong buying up into 08 is what we called for right and then Now we've got we've got equal selling here just about Okay, and then a little bit less buying actually on the move back up here And now we're getting our buyers Yeah, looking for 10 No reason to think any differently beautiful There's our 10 and what do we say we said 15 to 20, right? Is is what we're looking for okay due to the same type of analysis here But looking at the daily chart the hourly chart and the 15 minute Okay up into this zone up in here Which is about 15 to 20 same in here so Hector I would Suggest I think you know what might be helpful for you is to look at ranges and Look at breakouts on these higher time frames Because once you get your range breakout Likely you'll get your continuation Okay, now if it fails if the range breakout fails and comes back in you look for your mean reversion trade You look at again your Delta though Okay, you're you're looking for a momentum you're looking for conviction of the sellers and the buyers For them to move this market All right, and then these can be rather easy reads I Feel You know once once you break out of those areas you can look for that continuation All right, and we can go through the same process on a very small time frame here in book map as well It is the same exact exact concept in here Okay We can go through it again and again like here's a range. Let's just draw it up Here's a range and we see the buyers here buyers here. We're looking for the continuation All right here again. Well, this is what we were covering here was our range here this this was our flush Okay, and we had such a strong day here though I'm just looking for the buyers on the other side in here, and this is what kind of kicked off this whole move Hey, and uh Yeah, so that was a separate setup in here. Hey, but the concept is this range breakout continuation Hey What is it? It was a Tony Crabill? Oh God, I forget the guy's name who it was your many years ago. He wrote a book About exactly this understanding Consolidations and and breakouts and price movement Okay, it happens. This is just how the markets work. You know, that's just Really really is Here we go. Here's this is the flush or the sellers that we were looking at looking for this is a little early I thought well, I mean it's kind of later than we were It price went higher here. We were still looking for 15 and 20 but someone decided to come in here and take some profits or You know Come in here and move the market lower. Now. Let's take a look at this move here and what unfolded. Okay, so We do see let's see the stop runs here. That's what we want to look at All right, so yeah larger player taking some profit or Selling whatever it does not matter and the stop run doesn't happen until down here though We can turn on stops and icebergs on chart and really look at the details here Okay, and again, this just allows us much deeper insight to really what's going on in these markets I'm gonna take off the Look at all the stops in here. So 94 actually not too many, right? Now in this move in this this book sweep to the downside, which is Pretty pretty substantial one is about four points Four S&P points. That's that's a lot for one big move here But we don't know where the stops were in here But we do know where they transacted Down here and anyone who is in and maybe they they got slipped four points potentially And then stuff down into this area here Okay, we've seen this move a bunch of times too An iceberg will go right on the other side here or high liquidity just like this and and and keep it capped puts puts a lid on that move of retracing back up Okay, but then they they exited the market and so That's that liquidity in here and very very short lived But Nonetheless, we don't see any any kind of move back up here yet And again, look at this now. We've seen this So many times as well We identified this dumping here. Well, here it is again. All right, so Now what's going on in here? Okay, well, it's getting a little more convoluted a little bit harder now to read and understand Where might this happen again? Well, or where might these guys give up? Okay, so we know that they sold up here and here All right, well, we're already retesting where they sold that second time in here. Okay, so Well, are they gonna continue to sell is this another opportunity for them to sell or they're gonna wait until it gets back up here If they still have more to sell Okay, well, we'll take a look and read the the order flow now. This is tricky though We're looking for our buyers back up above here seven and a half eight and for them to charge right up into ten or or twelve Okay, the one caveat and it's a big one is this might happen again Okay out of the blue Right, so it's it's not as easy now Hey, we have a reaction in here And it was a substantial move here It was overall is about six points. Well down to the swing. It's it's more than that All right, so yeah, here we go. We got our buyers. Okay, so we're looking for our move into ten But again that just that caveat in here, do you want to take this risk look at this in here I'm not I'm not up for it personally because look at this gap in here See see this area in here I want to see liquidity up at these areas in here If there is not liquidity a sweep of the order book will take it right down to here very very quickly And and yeah, I don't want to take that risk. Let me turn off the stops and icebergs in here for a moment on chart So we're gonna get the clarity of the chart. Let's see Brian. You have a question when the voice says stop NQ By does that means short stops We're taken out. Well, no when it just means that it was a stop order Okay, it means it was a buy stop is what it sounds like to me Okay, so, you know, you can set a buy stop above the market If your order is resting up there Okay, but it's not a limit order it is a Buy stop so if it is touched by the market Then it turns into a market order, you know a buy order It's a buy stop So that's what I believe You know it is saying there the Automated voice Yeah, I mean likely it's just a it's a stop run to the upside. It's a short squeeze The shorts are feeling the pressure and they're buying Right, so we know that it's hitting its stops and their buy stops that are triggering and transacting So that's that's what it means Does that answer your question Brian? All right, guys. So and again, like we we are anticipating this potential We're looking for 10 right 10 did transact and we're looking for this potential move back down again, right? So It has unfolded okay, and in fact here it looks like this player again And I don't know if it's an individual actor if it's multiple it does not matter You know here here's our you know the same type of behavior in here Okay, and that's what we were kind of Anticipating because we already know that that's here here and here and now here Okay, now they may they may take it lower here and try to trigger a whole bunch of stops by sweeping the order book down below this Into oh three oh two oh one or the figure here No, Brian know that I that is wrong I would not say this is essentially a buy signal not at all. These are not signals whatsoever We're just It's just giving you information about what is transacting there and it means that it is a bunch of Well, we don't even know if their position was Was long and they are exiting what we do know Is that it was a buy stop order? that transacted now This is where You know it gets a little wonky Because yes, it it's fact. I mean this that's fact now. Who's using a buy stop? Are they using it to enter the market or they using it to exit the market? We don't know Right, but typically this kind of activity here when we had the you know, we saw those 94 stop Orders that trip that transacted right down here at the at the very bottom, right and we see our stop run here That's typically, you know traders that were long and they're getting stopped out Typically Either way they a lot of them likely got slipped if maybe you put your buy or your cell stop in here Now it's a cell stop, right? We know that Now if you put your cell stop in here though And you're looking to enter the market short in here You would have been filled down here You would have been slipped because this order this market order has precedence over yours This market order once it fills Then any Related orders in this area here will will then transact after Okay, so there's actually a queue By the aggressors in here and not just a queue in the order book. There's a queue also in the aggressors in essence All right. Well, so we're back up above these guys and we see our buyers Okay, yeah, so I would still look for Still look for 10 again. I see the aggressors coming in but again, like, you know, things are a little different now Here's why Where's the order book? Do we do we see them supporting underneath here? Not really. They're maybe down at 06 or 05 Right and they're up here and they're adding more in here as well To 09 to 10 here But we still are getting our aggressors in here. All right, so let's watch I would look for Just about this in here if if nothing changes here Right. This was the scenario. I would look for I See the aggressors come up here and then it's it's not a whole bunch of buying in here though Right. So Here I'd look for probably move right back down to 07. It might even come back down to 06 Okay, now these guys are actually adding more in here at this time Okay, at at 10 we see some here at 09 and a quarter and 09 And we do not see much in here on the bid So if we get a little bit of exhaustion look for the sellers at this little area here or this area here And then we're looking for the pushback down. All right. Let's see what unfolded All right. Well things changed a little bit. Okay, we we still got our aggressors in here But they pulled see how they pulled in here So they don't want to be sellers now. This allows buyers to Continue to take this higher And there we go. Now it's taint. Now it's trading into 10 now We have a different scenario. Our order book is supporting it here on the bid down here Right. So yeah If that larger player doesn't come in still looking for it to go higher 12 Okay, we're getting a pullback Yeah, I would not I would not be looking for an opportunity in this right now If we can get back up here I would okay. Well, we're there. We are. All right So now we're just looking for our buyers and let's look for the same thing in here Okay, I gotta get buyers here at 10 Okay, and I'm looking for the bid to stack here like this Okay, and then a move to 12 Okay. Well, we're not we're not getting it. Okay. The bid is not stacking Okay, and we just made a lower high act Not quite kind of equal high there. This is we're getting into some, you know Small time frames here. All right, let's see if we get sellers down here at this area here Okay, and then we can get a break. Uh, maybe down into where Well, let's take a look see where the buyers came in maybe here Uh, maybe here But the liquidity is down here at 05 Okay, that's one scenario in here Okay, other scenario is uh We we start to see a stack on the bid here not we didn't get it here, but we may And then we get our buyers in here in the move higher Well, you can see what unfolded here. We had our exhaustion Sellers coming in and we're looking for a move back down into this lower level here. Okay Impulse move one Let's see if we can get another one here. Nice stop run as well. I'm sorry that cvd Now that stops All right. Well, anyway, that's scenario one scenario two is what if we get our buyers back up above here Okay, just like we were talking about in this v bottom That hector is uh Talking about okay. Well, what are we looking for then? Hey, we're looking for our green dots up here Look the bid is looking pretty good. See how the bid is starting to show some activity here offers also showing Activity so we're getting a little bit of both now And that that kind of convolues the uh picture here all right, so And you can see what what's happening here. What was so, you know, kind of an easy read to the upside here Has turned into something a lot more complex now and we're going sideways I'm going to clear all these drawings here. Sorry you guys That uh, it's just too much Okay captain price. Yeah, you're looking at all sorts of stuff in here. All right Well, here's another v bottom. Okay now now look at this. See it had it actually took a couple times here Uh, now we've got the potential cells. We should we should probably get a stop run to the upside up into 12 now Uh Is a kind of likely scenario here Yeah, yeah the bid is starting to show a bit here All right, let's see it buyers. Let's see it up here And then to move up into 12 See the bid see the I mean, it's it's this liquidity is dominating here So we don't see a whole lot on the bid unless we put it outside of the calculation here But they're on the bid here Okay, so uh, uh now we're just looking for our green dots here and let's see it. Let's see it buyers. No Well Let's see. Are they staying in here though? Yeah, it looks like it So let's see if we can get another move back up here And then our breakout See all the offer here is like, um, you know, they're still they're here though So we got some, uh, you know back and forth in here now. Oh bid looks good. Look at look at at 10 Uh, look at o nine and a half Okay, now Now it's not it now. It's not so clear Here's why we have a pretty strong bid Where are where are our buyers up here at 10 and three quarters? That's what we need to see here In fact, the sellers came in and they took these guys on the transaction took place here That's how we can get insight here Okay, the transaction took place now. Is there still more selling pressure and there was Okay, so yeah, look out now Everything's changing and shifting has shifted and changed three or four times in here now On some of these pullbacks. This is something I wanted to cover. Um, you know, actually, um, you know, we're always looking for Initiating these moves and who's in control of these markets at these points Even no matter what the time frame Right. Well on this small time frame here, it's here with these buyers. Okay, you can also maybe say here um But it pulled back and then and then broke out and then we see the stronger move in here All right, this is where you can look for these potential pullbacks Okay, or or potential take profits if you're short Uh, what we what we want to identify is the larger players activity in here Which we can see Hey, we know it we know there's a larger player up here Hey that move that Okay, and is that why you know it dropped from here? Well We don't know that. I mean we know that there's a lot of selling up here Uh, and we didn't get enough buyers in here to move to 12 Okay, and then here here it again. Look at that seller come in again okay And again, we identified in here that this the seller this seller here here here and now here Okay, is still in this market and they're still, you know exiting their position or establishing a short whatever it is But we can see the activity And this is this is something I really enjoy Uh in in book map is being able to understand very specific behavior Okay, and look where these things initiate This is also something uh from gene in the alago boys room over on our discord channel You can uh Well, he looks for um really unique kind of order flow. He's looking for Something that we've actually talked about for years is You know, um Like this in here This is the larger player Okay, that that's for sure Okay, so you know where they are. Well, what are are they going to defend it up here? Uh, or are they going to um Uh, uh, you know continue, um To drive it or are they going to give up when price comes back up here? That's what we want to understand Okay, and see see how this this this player here really kind of Has has done this now several times and has shifted the market Okay, I don't know if it's one player. It certainly looks like it to me Okay, but they've um pretty much, uh influenced the market here or shifted the market Uh to this uh, see this back and forth in here now. We'll move to the downside All right, so what I want to cover though is again understanding like these these strong impulsive moves and where They happen Okay, there's you know, uh Different strengths of that move, but you can see how important it is to understand this Now yeah, like I said, this is something gene and the alga boys look for Right look at it again and again and again All right Now this is again something you need to study and take a look at And make sure that you have an edge in here Hey by studying this Uh, it doesn't matter Ron if it's created by algos or not I mean, I'm sure that if it's a larger player that just probably has some alga that just dumps Uh, who knows? I mean, maybe they're just hitting market sell Uh, maybe an algos like you know looking at some sort of imbalance Maybe maybe you know some sort of statistical arbitrage. We've seen this Over the last uh several months as well at least looking at the market pulse tool Uh, we've seen that where wow it really looks like you know There's an opportunity here because the euro dollar or the dollar index Compared to the stock market or bonds or whatever it is is out of whack And maybe uh, this is you know, a larger player aligning it You know, we don't know But uh We do know their behavior that's for sure and we do know that it has an effect here Hey, but we can see it Right and that that's what's important I mean look, you know, you you just can't make this stuff up. Look again and again now here's a little bit of a shift Right Okay below it And it comes back up though now here's our that's this is where it shifts Basically, it's this larger player here taking control And moving this lower Okay, and then in here right back to where this larger player initiated that move All right, so now sellers are in control Of this market All right, we're earlier. We're still looking for you know 12 Uh potentially here In fact, it actually looks pretty decent in here for that to unfold Uh, we noted it though. We were not getting back up here We're not seeing the buyers when we wanted them and it was getting really complex in here was actually like a little distribution Uh area up in here it we said said this for like about four times like uh, it went back and forth um That you know at this point here It was different and then you know here it looks great for going higher and breaking out really does Okay, and then it shifted Okay, then these sellers came in and we noted it with a small transaction That took place in here. Yeah in here right here, right And it's like well, okay, wait a minute. Hold on. We found some sellers Uh, they they took on these buyers and traded into and threw them And they're on the offer here. All right, so we noted that right and there's the potential for this move here And then that larger player comes in and really just hammers it here Right to the downside These are the things to note in the order flow. This will give you some insight All right, now what I was back up for a second here and what uh, Gene and the alga boys were talking about is noticing this kind of behavior in here Uh, and then starting to you know, look for like this is like basically like a gap Uh, and uh, can it fill uh, or not? In fact, you can see it it filled back up to here Just to this area did not come all the way back and do a total fill Now what I wanted to mention what we had been looking at for years now um was um That this kind of activity in here is a larger player This kind of activity in here also potentially that larger player And you get this ping-pong ball Battle between these larger players These are the areas though. We want to be um Looking at to understand some of their transactions Okay, and when there are um, when it's a really volatile period Like uh, you know circuit breakers are going off A lot of the retail traders and the liquidity just completely dries up and it's just larger players And this is when you'll really be able to understand, uh, how some of these markets work uh, even in the like, um Uh, you know in the overnight sessions you can see some of this Just because there's a lack of liquidity All right, so it's it's a little easier to expose some of the uh, larger player activity instead All right. Well, let me uh, let me show you. Um, that said, uh, go over Something that we saw yesterday uh that I want to Cover It was in um Our live AMA session on market pulse yesterday Okay, so it's here, uh, and um Uh What we uh saw yesterday, maybe I can go right to it We we covered this and then I don't know if you anyone who was attending you'll you'll see uh that uh We uh It was here. It was right here Right. We we noted this here. We'll just go forward a little bit That there was a we heard market pulse come in and then we outlined it right in here Yeah, you can see our large dots. We're looking for this now It didn't unfold here It actually went back down and then went back up and then it broke out and we had a beautiful reversal Beautiful reversal the reversal of the head and shoulders is is is forming right here as you can see Okay, and uh, yeah, it really turned out to be a like a Kind of picture perfect pattern But we heard it in market pulse And we're talking about low volume pull backs and someone asked a question about pull backs in here Uh, and that's when we covered it here. Here's our market pulse up here Uh, and we heard the and we're looking for that continuation and momentum to the downside And then we were we're coming what we're not looking for hearing market pulse when when the market moves back up uh with We're looking for a low volume pullback. So we don't want to hear it We heard it instead and we can see the move in here, right? We can see the the volume dots We can see the delta bars down here as well This is not a low volume pullback So we made that distinction Okay, and you can look again. Well, okay. So if that's the case, where did this initiated initiated here? And it's still supported in there That's why we're looking for the continuation here all right So if you guys want I'll put this link in here if you want to here at this point In fact, let's go back a little bit Before that larger move unfolded. Yeah, somewhere around in here here. I can copy it at this time And I'll put this into the chat for you guys Okay There you go Yeah, take a look at it now here here we go again. Look at this Okay, looks very similar to me All right, look at the delta look at the delta Okay, now there's still a bit more selling in here So I'm not calling for it to come up to here right away It may it may I would be looking for some back and forth though first Okay, so we know that there's sellers are still in control Still in control still in control still in control All right looking for maybe a pull back to here Okay, we have 4200 the figure. Maybe it's here and that high liquidity that transacted here Okay, and then let's say let's suppose we get that Then we're looking for Well, we we get this Maybe this and then maybe Maybe it does it a few times But then we're ultimately looking for the Something like that Right, okay, and we're looking for another shift in here Now let's pull up our market pulls tools And let's let's listen and look for it Guys, do you have any questions in here? I mean Um Ron, I think Ron wants to look at rich wants to look at tesla. Sure. We can look at tesla Uh, and we'll pull up market pulls here as well In just a second Okay, we just have so much to cover and they I don't know You know We see these things unfold and we're looking for these moves to unfold due to what We know from the auction behavior of the participants All right, so let's take our look at tesla here first Okay, well pretty pretty bullish day in here and look at look at the delta in here Unbelievable All right All right. Well here again though. We can we can look at it Okay, where's our delta now? Look at the divergence in here on the delta Okay, strong strong moves all the way through not so strong in here still still buyers, right? Most of them are still buyers here Uh, so yeah, we're just getting kind of a shift back down So we want to see those buyers come in hand over fist again All right, uh, so, uh, let's take a look here. Well, all right, so what do we see in here? Okay, kind of similar to the s&p. We see our sellers here. We see Uh stronger buying actually than selling here All right, so that looks pretty good for if we get our buyers here I'm looking for the breakout in the 91 and a half and 92 Okay, 161,000 shares up here at 92 All right, that would be the primary scenario here. I'd look for Uh in tesla Okay, secondary scenario Is we look for our pullbacks in potential areas Maybe maybe in here someplace I'm looking at I'm looking at the kind of pullback in here or a swing here somewhere around in there. Maybe Uh, and if it can't do that then then um, or if it can do that then here or here as potential pullbacks All right, now the order book is going to be a little different in stocks concepts are the same Uh, we look for the liquidity in here supply or demand and there's demand down here Okay, but the the real demand in supply Supplies up here at 90. I'm sorry 91 or demand down here at 90 All right, uh This is this is still a pullback here Okay, uh, here's why we don't see the delta here now This is very similar to the s and p we're Very strong move here on the on the on the buy side on you know and the and the delta here But again, we're we're i'm leaning uh on these buyers here So we're looking for our areas of pullback and we're looking for the buyers to come in hand over fist again trade up into 91 and then 91 and a half and then 92 Okay, here's our move There it is in the 91 now we're looking for the continuation into 91 and a half strong move Looking for the continuation All right now again not a recommendation Uh, and uh, it's not financial advice You have to do the legwork and look at these and study them Okay, now I was looking for the immediate breakout here. Okay, it's still it's still may I'm still looking for 91 and a half But you can see that there is a bit of back and forth in here. It's still bullish here. It's just bounced off of this area here Okay, and again, I'm looking for those buyers and we're looking for this all right now um What did I want to say here in uh In tesla god, I forget um, let's see here Let's see it buyers. Let's see it Oh, I guess I guess we were saying yeah, okay. So this is what I was um, I wanted to cover we This here I would I would look for that slight pullback and then the continuation in here It did a deeper one, but we still have an equal, you know or strong move in here on delta. No no no question, right? So we're still looking for it uh, but um I would I was what I wanted to cover was that you can anticipate back and forth here All right, just like we were covering in here on this s and p we're we're anticipating the back and forth in here Okay, and then we're looking for the continuation Okay, now look what happened here. Okay, so was starting to kind of work out This was looking pretty good in here actually and look at this Okay, again this player Continues to come in and push this lower So this player has been or this kind of behavior has been very consistent. We've seen it All right for this to be upended. We've got to get our buyers back up above here Okay, so uh, we'd look how how do we um look for an opportunity in here for that to unfold okay, well, I think What we would look for in here is some exhaustion down here The bid to be stacked down here at this level Uh, and then let's see if we can get our buyers back up here Okay, uh above 4200 the figure and then I would like to see it stream right up into into here Okay, and then maybe we can can get our continuation move All right Now that's just one scenario But that's what we'd look for right now second second scenario here We've got to clear our drawings Okay Again, this this this player here or this behavior continues here All right, and so our our our trend continues as well This disrupted everything In my my opinion my mind We got back up to here. We we saw some buyers starting to come back in for our that v bottom potential And uh, we're just getting We're seeing this uh drop here a very quick drop with heavy selling All right, so uh, yeah and look for it to continue into our the areas here now. This is a nice one here Okay into this uh, uh 96 or 97 level Okay, that's what we had marked up earlier Uh, and then we had marked up another one Uh earlier to uh down here Round 94 let's mark them up again Again looking for where these moves to place here Okay, there's a small one in here, but I like this one better We can get rid of this line here That's just the swing Okay, and then in here Okay, so see how we're we can mark up these areas uh where there was strong buying Now we're looking for pullbacks To test those areas in here Oh, thanks ken first day in here. Welcome. Well, hey if you like it hit the hit the uh like button That really helps us You guys are welcome. That's what we're here for we're here to we're here to support you. Uh, and uh, uh Try to Understand what's going on behind? These these markets here really understand these markets here So, you know here for example look at this I mean this looks good For a retest back up to here at least up to here right now Uh, and this is why I would look for that we hit this level here We know this player is in here and here Okay, I want to see them get upended though here and I want to see it retest this level back up here at o2 and a half Okay, you know, I know that's like a three-point move Uh It could turn into a bigger one. I'm waiting for this player either either and they've been consistent It looks like and I continue to mention this one player. I don't know that I just know the behavior is super consistent right and I'm waiting for two things either This player continues to dominate Or they give up at a certain point and their move is over All right, so I want to see them test this player back up to this o2 and a half here And I wanted to turn on our market polls tool as well. Let's do that Uh, it was a great webinar yesterday. I I really enjoyed it. We had the deem, uh, the developer on as well uh, and We had Kamal, um With um, running our social media Uh, he was on as well. So it was a good q&a. Uh, ask me anything. We're going to do more of those guys So, uh, we'll open up the mic for you and discord as well so that you can uh, you can ask your questions directly um So yeah, looking forward to uh more and more events with you guys I get into some of these details in here. So market polls. Here it is All right. Oh, look at that. I've got I still have this set up from yesterday. Excellent Great All right. So the way we had to divvied it up here yesterday, uh, was um Pretty pretty simple. Um, these three on top here Uh, this this tool. This is a separate add-on tool Called market polls. I I put the link in there if you guys want to watch that It explains on, you know, how to get it what this is how to install it, etc Uh, and uh It's it's very unique here. Uh, it's It's given to give you an audio alert. Um, and we're looking at volume pressure For the most part in here volume and balance as well. Uh, and then also price change So those are the three, um add-ons. We're looking for here or algos. We're looking at here in The market poll school now it gives us this additional insight We we just we just heard you can hear it over on youtube I you cannot hear it and and we can't fix it right now. You cannot hear it in in discord, unfortunately um, but We um, we just heard a little bit of selling come in We're seeing volume and balance also on the s&p. So they're still selling in here All right. So do we want to be a buyer? No Do we want to be a seller? No, not really. Uh, because uh, we're at a level here And we do see some buying coming back in Right, we're looking for a move to two and a half here. We almost got there Uh, just came up to here and then we see our sellers come back in All right, now let's look for buyers now Again volume pressure here volume and balance here and then price change here Down below we have the 6e Okay, the euro dollar. So we're looking at correlated markets on these four on the bottom level here We're looking at gold. Uh, we're looking at the nq and apple Okay, and we're looking at volume pressure on all of those So what i'm looking for here, uh to give us insight is All right s&p starting to pick up This is good looking for a move back up to here back up to the swing at o two and a half Uh, o three Let's see if we can get it now. I'm also looking for this will help give us insight Is the nq also buying? Okay, is apple uh, also, uh, do we see a lot of aggressive buying? We do not Okay, so we're waiting and watching for that and looking for that now euro dollar is starting to paying a little bit Just a little bit. That's a good sign To see euro strength dollar weakness. All right, so now here's our s&p. Here's our move now. Look at the nq That's pretty good All right, I'd look for this to continue on up to o three and three quarters Okay, we've got the nq behind us. We don't have apple behind us yet All right, we have the s&p. We've got the nq. We saw the euro dollar show a little strength And we didn't have apple though. All right, let's let's uh Wait and watch here and listen Okay, now again, I we're pulling back here, but I really I don't hear anything And I don't see any any large transactions at this point The one big elephant in the room for A lot of the session today here is is this larger player activity in this dumping We don't know when that's going to happen and it that's the risk right now that we have Okay, everything looks hunky dory and then we get up here and then all of a sudden they dump and sell I'm still still looking for it. Uh, I still see some buyers come in We made a higher low here and a higher high here Hmm equal or yeah about equal high, but I'm looking for buyers to come back up and test it here again All right, so I'm waiting watching listening Uh, let's jump over to our our tesla. What does that look like? Where did we go here? Okay, so we got to our 91 and a half now. We're looking for our 92 here Great Yeah Let's see gold is actually pinging here I didn't like looking at gold at this correlation to be honest. Um But uh someone requested it I'm actually going to close it. Let's just look at nq Apple And we can we can add tesla or maybe microsoft in here All right, so this this one on microsoft played out pretty uh tesla played out pretty well This is what we're looking for, right? okay Strong selling strong buying even more strong buying Okay, up into 91 beautiful pullback We put these lines in before it pulled back to them Then we're looking for more buying and continuation here Can you guys see it? Can you see the buying pressure in here? buying Okay, okay pull back here But buying buying buying buying Looking for that delta and we noted the delta earlier In the chart Look at all that buying. Look at all this buying. We're looking for our 91 50. We're looking for our 92 And 92 is just about to transact Okay So there you go Let's see here Rich, I think that answers your question or I covered tesla pretty well for you Let me know if you have any questions on this um What I want what I I don't care that this worked out the way we thought it was going to work out What I want to cover here because that doesn't matter What matters is we're reading the market correctly and being objective about it The more objective we can understand the players in here And be rather unemotional to it The more we can look for the potential of these moves to unfold and the probability is higher Because we know the participants behavior in here Okay, it's not magic or anything like that. We just read what was happening here and then we started to outline what may happen Okay, now we don't we never know what supposed something happened here like a larger player came in and just dumped it here We don't know But uh, you know, these are the things we look for Okay, just going through these scenarios building out these scenarios and looking for the participants in the order flow to uh to give us insight All right, let me get to any last minute questions in here Yeah, guys, please hit the like button This helps us like I continue to mention really does um We want to cover this kind of education for you. We think it's unique It's not a lot of play not a lot of uh people out there talking about the markets in this way It's really what understanding what's behind uh the markets here Like, you know, if for example, you you you look at a lot of other people's charts, they're going to be looking at this And trying to ascertain what's going on with this right, which I I really like what Gary Norden had said to one of our um uh An educator who came over and he did a series with us on reading uh order flow and true order flow like on the from the dome He's a dome trader professional trader for many years decades in fact he um Was just saying and I totally agree with him um that candle sticks like this Why what's the point open high low close of a period of time in here Look at how opaque this is in here. You just don't get any insight here at all Now candlesticks would make a lot They make a lot more sense to me on a daily chart or maybe a weekly chart Because those ranges are more important There's going to be a motion around the highs and lows of those days Okay in the close And they open right those four data points make a lot more sense to me on on a uh on a daily chart On a on a smaller time frame chart. This does not make any sense to me Like and why why are we even using it? It's just what people have been looking at for You know many decades Uh, it's I think it's I think it's flawed Um, but um anyway guys Uh, that's what you're looking at if if you don't If you really want to understand what's happening behind all of that it is here Okay, uh, it is the buyers and sellers the supply and demand The aggressor is moving the market and the market structure and the relationship Of the market structure with these these players here All right guys. Anyway, let's uh wrap it up. We'll call it a day Call it a weekend. It's a long weekend. Thanks everybody for coming. Have a great weekend. There is no there are no, um us Webinars on uh on monday due to the u.s. Holiday Maybe that's why ron 90 of the day traders lose money. I think it's a lot more than that You know, but having a firm Foundation and understanding of what's going on in these markets will make a big big difference I can show you uh, let me let me take you to bookmap.com and i'll put this link into the chat for you as well Go to bookmap.com the more button in the learning center We have a couple of courses in here. They're free. Um, I would um Uh, recommend watching uh the um getting started. Um, I'm sorry Getting started is how to learn how to use bookmap, but the market mechanics course is learning about order flow Okay, watch at least part one of this course in here. Okay. There's only four parts to it Uh, but it will go through this kind of activity in here Understanding what moves the market. This will make a big difference All right, it's the same kind of things that we were just going over Uh, this whole whole session All right guys. Yeah, have a good weekend. Thanks everybody. Uh, and we'll see you on Tuesday. Okay Yeah, bye. Bye