 Good morning traders. Welcome to the book map live webinar. This is Bruce at book map going through real-time analysis today Like every Monday Tuesday and Friday at 10 a.m. And then we have a professional stocks trader J Trader Wednesday at 10 and then scoppelsini futures trader at Thursday at 10 Wednesday at 10 and and we go through forward-looking analysis in here and These two guys will be looking at very specifically the way that they trade and their setups I'm going to be going through the order flow in general Many different setups many different styles of trading and looking at all markets Whatever it is that you want me to look at I will look at as long as we can connect to it You want to trade coffee? Or lean hogs or if you want to look at crypto, you know where you want to look at a stock or an S&P anyway It's all based off our educational course and All right, so Let me go through the disclosures 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 jump in here. Let's take a look at these markets and Guys over in discord. I just wanted to let you know or let everyone know here What actually what we go we have going on over in our discord channel. You might want to come over And check it out. We just restructured it Just kind of move stuff around a little bit. You'll see a new structure in here We have an event later today as well. You might want to check this out if you're A native or Spanish speaker It's with a Spanglish trades And then wanted to show in here the the new structure. So Here we are in all markets. I don't know if we're gonna keep that name But that's what we have at the moment right after my webinar, which will end around In about an hour and a half or so We'll have the traders lab a Tom be he'll start Directly after that's actually when we'll have the Spanglish webinar as well with Frank Moreno and You know looking looking forward to that he's Trading stocks and futures and then right after Tom's webinar. We have options with Doug. All right, so Doug will start at 1 30 and here's room is down here the voice channel. You'll see it here So guys you can just see there's a new structure in here Wanted to let you know about that right after Doug finishes the Algo boys start And they're gonna go through the way that they trade We have back-to-back Live events in here guys. It's really great stuff. You might want to come over and check it out Many of them will be on YouTube you can see them on our YouTube channel. Let me just show you that here So, you know and understand where they are. So you can see that Who's next here? This will be at 10. I'm sorry and in another hour or so An hour and 20 minutes or so and then you Tom B will be at the same time as well. All right So in fact, I need to change something there Just a second here. Sorry about this guys and then we'll get right into this S&P. We had some data here You can see the University of Michigan Sentiment report or the data here and just cover basic order flow You know, I think I'm gonna back up and even go over that in here because like one of the things about bookmap is just so visual Is that it is showing? Hold on just a minute the market behavior the order flow and we're gonna make a distinction here between order flow and price action and It'll be very very easy to demo this and I hope that the light kind of the light bulb Shines a little bit brighter after this this demo here Okay, so Yeah, I was speaking with a trader earlier today and What he would like to kind of see in the in the webinars and he he wanted to make that distinction and so we will go over it it's Yolkham and he's been using bookmap for a while and Just like the rest of us very passionate about all this stuff. So let's Let's cover this here. What happened here, right? Let me show you price action first Okay, so we're gonna just take some of these elements off the bookmap chart This is price action This is just the movement of price Okay, so that's all there is here You know a lot of times you'll see you'll hear traders talk about price action and maybe they're they're looking at their bar data candlesticks I got too many candle not enough candles here Hold on. Um, you know, they're looking at their bar data And this is they they call this pure price action. It's not really It's aggregated data within a period here Is so it's really kind of hiding what happens within that period and that's really the drawback of bar data You only have open high low and close Only four data points for that period could be a volume period. It could be a range bar period. It doesn't matter It's still periodic aggregation of data And it doesn't allow you to insight what of pure price action and this is the pure price action here Okay, look at the distinction here. All right, this is how this actually This is the pure price action here. Here's the drop. Here's the consolidation. Here's the drop Here's the pullback to these little areas in here And then let's see what happened after that. It just dropped again. Okay, so this is the price action in here This is what we want to understand these Really like these little areas of consolidation breakdown retest, etc This is how you're gonna get an edge just by looking at best bid and offer compared to bar data. All right, so Anyway, so this is what when you hear price action. This is it. Okay. Now, let's talk about order flow What is order flow? All right? Well, we'll start with one here We'll put the volume on now. These are the transactions in the marketplace And these are the market buy and sell orders and this is actually what moves price. All right, so the Let's see here. Yeah guys, if you have any questions, yeah, feel free to hit us up in in YouTube there Or here in the new the new chat room all markets, which we may change the name but anyway, so These are the market buy and sell orders and this is what moves price Okay, when there is enough sellers in here, which you can see here see the big red dots These are sellers the size of the dot is more More volume. Okay, if there's if they hit the bid hard enough the sellers with market sell orders They'll move price a tick Another level and another level and another level if they can take all of the bids Out there the limit buy orders on the other side and they trade through them. Okay, that's how the market moves So now this is good. We can we have a context here This is starting to get into the differences in order flow Okay, and and the difference between order flow and price action So here is our move to the downside We can understand now that sellers have taken control of this market right after the data that came out here All right Now let's go over the the third element on the bookmap chart and this is really a review for a lot of people But I wanted to do it. I wanted to define You know order flow versus price action in here due to some insights from Yolkham Alright, so let's let's take a look here. Alright, so the Orders on the other side of the trade who's taking the trade this is a really important element and It it really matters a lot of traders will say it does not matter and it is just so false Supply and demand We want to understand the limit buy and sell orders. Where are they lined up to? buy well, they're down here in fact Here note note the data was here at 10 a.m. Okay look one minute before the data came out Look how a lot of traders pulled even even more here a little bit after Or less than one minute. They started to pull their orders from the market Why did they do that because they don't know what the number is going to be? Therefore, they're not going to take the risk And if they don't if there's not a lot of orders in the market and Not a lot of liquidity You can get extreme price action very quickly You can you can get this these moves that unfold very quickly Because there's not a lot of orders for these sellers to hit into so they can quickly move the market down lower Look where it went Okay, this just proves the point and this just proves How these markets work and then how you will be able to glean information and and insight from this understanding here it traded down to this high liquidity that was in the order book and remained in the order book and Transacted right here Okay, and we can we can zoom in and we can see the transaction here It is this is what happened right here, and we're looking now at sub-second levels here. This is microstructure And you might hear that term every now and then and to be very precise about microstructure it means Sub-second levels. This is sub-second levels Okay, we can zoom in and we can show you down to millisecond or I'm sorry These were it was milliseconds earlier now it's microseconds we can zoom in and look at nanoseconds. That's billions of seconds We have it all recorded here within book map. That is the accuracy of the the Heat map and and the platform here in book map. That's because we we we came from the HFT environment anyway Just wanted to mention that but this is what's important here this high liquidity State in the book it traded. Okay, even during this market event here Okay, the data event and it basically stopped the markets, okay? There was a little more selling pressure, but this basically really slowed down Okay, can you guys still hear me over in YouTube? Is it still good here? I? Think I had a bit of a lag there or problem Can you just if you someone can just over in YouTube just? Maybe just say you can hear me This OBS was just acting up here. All right. I'll wait for that and Okay, so anyway Yeah, so this this slowed the market down and absorbed the selling pressure here and here And we get the back and forth in here Okay, and and then what what did we get down here? We got more sellers and they dropped it down into high liquidity down here All right, look at the bounce out of this area and where did it go? High liquidity up here on the bid at top of the range here Okay, where it dropped from over here. This this is the kind of market structure We look at every day here in these webinars Gives us insight to where price might go next by understanding the auction in here Not the price action here or at least the price action together with The order flow All right, do you have any questions on that? On this order flow in here guys if you do please hit up Or ask the questions in the all markets in discord or over here in YouTube No questions over here in YouTube. All right, this is kind of odd All right. Anyway, that's let's continue on I still think something's wrong over here in YouTube But guys I mean look at look at this market structure. I just got to go through it in here We this is the kind of stuff we look at all day long and it's just it's really really important to understand Let's just go through it price action and Then order flow within it. Okay. This is the price action. This is what creates market structure Okay, it's actually the order flow within it that creates the market structure But we can put a structure around this price action here like what does this look like to you guys right here? There's a pattern in here. There is a reason for the pattern in here okay, so What what do you guys think what what what patterns does this look like right here? to you boy, I'm really if someone can just Let me know that they can hear me over in bookmark Over in YouTube, this is this is odd. Anyway All right, so the Yeah, okay, this is a reverse head and shoulders here shoulder head shoulder All right. Now. Let's understand what happened is a very particular particular pattern that happened in here though in the order flow So that's the price structure right and that's the price action what it the price action is very simple Drop pull back drop It pulled back here and broke out from where it dropped from here and tested the top of this range here And then pulled back here. All right, so um Hold on a minute. Okay. It looks like my connections a bit slow in here Anyway, I think I think we're okay. Yeah, it's an odd day. So just Let's let's go through this though and we got to get to a live action. That's what we're here for okay, because we only have another hour until Spanglish Trades begins their their webinar and also Tom B. All right, so We get we want to get to that live market But this is just so important to go over this provides the foundation for you guys to trade any kind of Style that you want once you start to understand what's within some of these patterns for example So let's let's do it. All right. Let's look at the volume here All right, the volume here is very very simple Here's our move to the downside sellers. Here is even more sellers move to the downside Look at this area right here. Hey, especially right in here And then we get the pen out just in case to emphasize this You will note The sellers came in here and moved it This is where buyers took and sellers were in control at this point and moved it down Hey buyers came right back though and then tested where it dropped from and we're able to trade right through it back up to here and Look at the retest here. This is the important part here Okay, the retest to exactly this pivot point here We've talked about pivot points in here for it for years but it's due to the The market structure in the order flow here And here you can see it very clearly. Okay on this pullback. Do you see a lot of sellers? No That's a low volume pullback here after a strong impulse move on the buy side Okay, now we don't know yet if if Buyers are going to take control here, but look up here and we're going to zoom in just a little bit And then in here Look look what what unfolded here? Hold on just a minute. Okay? All right So we had before This is our pivot point. This is our pullback here. All right So that's good and we don't know though We know that that this is the impulse move on the buy side and we know that they broke this down here Where the sellers came in hand to where fist? Okay, and we know that they also tested up to the top of the range here. That's all good And we don't know if they're going to come back in and do this Okay, but we do see we know that there's not a lot of sellers back to this area here Okay, where we see another strong impulse move in here on the buy side And it's back and forth in here, but here we start to see the buying coming back in We're back up into the top of the range here, and this is where we see even more buyers We get the breakout here. This turns into another Point here. That's really important in the order flow and market structure Here's our breakout consolidation pullbacks and again breakout up here Okay, now just look at the volume here. It's pretty clear Right this actually all of this selling in here was unable to move the price lower Here's why there's an iceberg down here Absorbing all of that selling pressure right into that iceberg right here Okay, that's one thing the other one is the heat map But and we'll turn that on in just a minute, but here we see the buyers come back in again All right, so again and what now let's just see do we get a pullback back to this 40 85 area? Okay, probably if if we see sellers come in I would be looking for a move back down here All right now now we zoom out we look at higher time frames Let's just go through an example here of what we're just going through over here on the bigger picture Okay, what we just covered here about this Pullback breakout pullback breakout This is the same structure on a higher time frame here Okay Strong move pullback all this back and forth strong move breakout pullback breakout all right, so Understanding the strength of these moves in here and the volume within these these patterns of the price action Is going to give you an edge Hey, no matter what you're trading Hey, let's go over it in terms of Candlesticks as well, and let's let's also turn on the heat map here because the heat map Gives us the other side of the trade as we know because we covered the University of Michigan Sentiment data over here earlier talking about where it might trade and who's taking the other side of the trade So, yeah, okay. Well lots of liquidity here trades through it pullback breakout right Big move up in here lots of buying but look at what they're buying into Tons of liquidity even here tons of liquidity Hey up at this 4100 now that makes good sense, right? Larger players like to police or orders around these big figure numbers Okay, so look at now this starting to fail here All right, so where might it go? Well, I'd be looking for 4090 all right if if we see enough Sellers coming in coming in here This might be a breakdown false breakdown and then move back back up into these areas if We find enough buyers. Okay, so this is the area. We're looking at here Now we're up to the pure price or the current price action and order flow and let's watch this 96 level Okay, there's still seem to be buyers there Hey, so what mate we may we may break out from there Okay, what is the order book? What do we see an exchange of hands in here? Well, absolutely over here Look at this they trade right into all that liquidity these sellers up here larger players As we know got what they wanted They're they're short Look what effect this had on the market here Okay, the market sold off All right, so now let's see do we get insight on a fractal move in here? Well, here's some buyers on the bid and the sellers just took them on we're finding more sellers here Alright, well then and now we're starting to bounce a little bit if we come back down here though We find more sellers. I bet we can get a break and come back down lower into these levels here Okay, so now look at look at we're testing our 96 level up here Right. All right. Let's see if we do we get more buyers Yeah, we do we do Okay Let's see. Can we get more again here? Then we're coming back up to test 4100 Right, so we're still watching this key level here now. We're getting sellers down below it All right, okay, there's enough selling pressure here. Okay, this is the selling on the other side. I Just can't cover it fast enough looking for the sellers to drop it down to Let's just zoom out here. Okay, likely back down to around this 92 and three quarters or 93 All right, so We can see the sellers took the market lower here and it's so far. It's being sustained or it's sustained Okay, so let's see if we can get more sellers yet again here And to move back down into our 93 level 92 and three quarters Okay And look at their behavior in the auction down here There were buyers down here They pulled their liquidity from the market. So where are they now down there down here at 91 and a half Okay, so this is how we start to understand the supply and demand in here. This is the order flow All right, so we traded our 93 level Right now we can talk about all of these things in these levels and how these markets work, etc But now let's start to apply that to some strategy And what we can look at here is Okay, well then you'd be looking for a pullback here to these levels in here and then sellers to come in on the other side We were looking for that. We did see that and that's when we looked for the move lower here Okay, so then how do you how can you wrap a trading strategy around that? There are many different ways I'm just going to go through a few for you and then we can take it further here. All right, so the One way to do this here is you wait for this kind of and Jay trader talks about this as some sort of kind of A shift or curling of the of the order flow here Right and sellers start to come in on the other side That's what we were looking for to and that's when we're looking for the move back down here right so and Then different ways to tackle this is really up to you right, but let's just go through a few So let's suppose you got in here or even down here. It's fine Even here, you know, it doesn't really matter. You could here's your pullback trade right here Hey at this at this little level here. All right There's there's exhaustion there and we know sellers are starting to come in. We'd look for the move back down lower Anyway, again, it's a fractal move, right? This is your pullback and what you can do is This is something you need to look into And and study this to build an edge for yourself So Maybe you get in here. Maybe you put your stop up here Okay, thinking that well, they're you know sellers move the market here buyers kind of failed here I'm looking for sellers to move it back down to you here And you can take a partial profit here at that point Now what's the reason for taking a partial profit? Is because we saw all this liquidity filled up here Right and we knew that they were selling pressure coming in so that was our idea here We see the exchange of hands here between buyers and sellers. It's right up here end up in here Okay, now you would have been stopped out on the remainder of your position here Okay, due to this this back and forth environment in here. We can see buyers came back in Okay, whatever we'll look for the next set up Right in this trading strategy. We look for the next set up All right, this would just be one way of looking at it here All right, so And we look for another one in here too, this might be a low volume pullback right here. Let's take a look Okay, if it is we look for exhaustion here on the buy side sellers here at 94 and a half and sellers to move it down here I don't really see them. I don't like it But but we're still looking for that, you know, I just don't see the selling pressure coming in here right here Right, so we're looking for sellers right in here, right? And we got a few but that's not very very convincing here We had exhaustion here that was good What I'm trying to get at is in here in the variations in the order flow You can start to filter your trades to look for something high more Probable a higher probability Trade or optimize your trading strategy. This didn't look so good Hey, well, we'll step aside. We're still looking for it to drop back down into this 91 50 area down here. Yeah, well, let's see. Well, maybe we'll get them here now Let's see Yeah, it looks pretty good. All right sellers. Let's see the drop Okay, now if you if you sold that here Okay, well, how do you manage it? Right now this could come right back into the range and back up to 40 100. We know that Right, it's up to you. How do you want to manage something like that? Now? This is not a trade recommendation I'm just going over the live order flow in here and and demoing this for you guys So you can put it to the test Okay, in this case like you can see the order flow changed in here. Look at this on the bid now at 93 Okay, so You put your stop back up here. Maybe you got stopped out Okay above above the range in here Hey, well, maybe you put it up above this range. I don't know Maybe you just you were looking for a quick move here and you put it at break even Immediately and you got stopped out of break even All right, so anyway different ways of looking at this different ways of trading it No, we're talking about trading strategy. So I think we're let's go over this this setup over in here Okay, so in here Let's say I think this was our line of entry in here and maybe your stop was Up here or here, right? Okay. So in fact, let's just get rid of all these again here and Go through it. All right, so your entry was in in in this area in here Here's your pullback. You can it could have gotten in with a market sell or you could have gotten in with maybe your limit Sell in here. Maybe maybe you can get filled at this this price level right here not up here though up here And let's suppose you're in all right. So and then you wanted to take your your partial profit down here at 93 Okay, so there you go right And now we've got a couple of these and what I'm gonna do is take this and then make it put it up here if And let's just take it down one tick All right, there you go. So if you took your partial profit here and the let the the The second lot or the second part you were looking for a runner Maybe it would break down into this 4090 level or or even lower All right And you put your stop at the overall break even on the position it would be up here It'd be right at this level around 97 in a quarter And you would have been stopped out Okay, and you made a tick and that's it All right, so you this is how a good way to consider Managing your risk. That's one way another way is you get in you take your partial profit You move your stop to break even plus one and you got stopped out You gave it a chance to run it didn't trend it came back and Into these areas in here. All right Okay No question something's wrong over here in YouTube Still oh, I mean the questions section live chat There it is. I'm sorry guys. I was in that I was in the wrong section Okay I'm sorry guys. Geez. I got all sorts of stuff in here. All right Okay, thank you. Thank you. Yeah, everything's good here. Okay good. All right Good. Oh, yeah, that was weird. Um, okay Hold on just a moment Okay, so All right, let's let's go again through the whole thing in here and we can look at a bigger picture move here, too Guys, you know talk about swing trading and order flow, etc. Look at this. They're still up here at forty one hundred I mean we see a lot of green in here and we are trending higher, right? But We want to understand what's going on in here and this price action in here. What's the order flow? Well strong buying and it did accept higher Okay, but it's right into these areas in here and they're still in here Okay, so I don't know like if we get enough sellers in here. Yeah, we'll likely get the move lower and At least a back down to the bottom of this range in here or maybe back down into like 85 or so But I don't it's hard. This is kind of really back and forth. It's just hard to decipher in here What exactly is going on? And we can look at the the the market Structure or price action structure as well and Not getting too much from that either like we're talking about lower highs and lower lows and about the volume also within those areas that Within that structure. This is really choppy and back and forth here, right? So nothing nothing really to note here. There's there's buyers. There's sellers There's buyers. There's sellers. There's buyers again One thing there is one thing to note in a choppy market It depends but a lot of times you'll see that we'll go through the midpoint here Right in here. It's right around this 96 level here look at the buying and selling above it and below it And people get caught off-guard stopped out. We have our stop indicator here. We see the stops here And people getting stopped out above it here as well with the red line And then here's another stop run back up above it watch this there'll be a stop run here now to the downside into 90 okay, so And then, you know, we'll see if we get more buyers to trade it right back in and try to get back above The stops back up above 93 here All right, so a very choppy environment in here right now all right, so any questions so far on the Okay, Dennis you like the the bigger picture. Yeah, the bigger picture is so important the reason we go in the smaller picture Dennis is because The lower time frames is because we can go through so many more examples to go through that fractal example and and you know The market structure and and all of these different things in here We'd be waiting forever. Right and we don't want to do that We want to be like the poker player who who who plays like 10,000 hands very quickly So the more that we get under our belt the easier it'll be and we can look at the bigger picture as well All right, so let's actually do that. Let's take a step back and take a look here Now again, this is we we are so far. We are still accepting above this kind of 89 level or so Okay, even with this move down on on the on the sell side here. We're still bullish here Hey in the in the bigger picture Okay, at least on this time frame for today. Okay need need to cover that as well You can see the previous Extended trading our structure here in the just the dip above it and then Move back down. So let's take a look at our candlestick charts daily on the on the left Hourly in the middle and the 15 on the right Hey, what's going on in here? All right, so here's our our daily. We've been talking about it forever and this move up and And The CEO is FOMC. They got the spike up and then we had the great non-farm Report last week that really shook up the markets in my opinion. We see that very very choppy Here and then here's Powell speaking the other day Look at our choppy that is and I don't even know you didn't even really say anything It just went up it went down it went up and went back down Here yesterday you can see that we went below all that price action in here. Okay now today We just filled the gap in here. Okay, so let's just take a look here at the 15 minute chart for example Okay, here's where we gap down. We opened up here For the for the regular trading hours. We just filled the gap again. We found sellers up here Hey, look at the wicks. We know they're selling pressure up here Okay, and it happens to be right at the figure up here 4100 All right now now we're starting to trade back down But look at the price action in here, too and you know, it's been some Nothing but buying basically since the open and that's the bullish activity. We've been looking at All right, so now question is do we see a lot of seller we filled the gap great? Okay, that's done. We try we tested back up here. Great. That's done. Do we see sellers come in? Okay, if we do and we need to see pretty heavy selling to trade back down into these lower levels here All right So we'll go through that scenario when we we go through the different scenarios when it looks like the scenario We go through that's when we have an edge Okay, and that's what we're looking for in here All right, so so far Yes, we finally we broke the 90 or 89 level here. Okay, that's that's not bad for a start Hey, look at the buyers though here. All right. All right So buyers will probably take it back up to 92 and a half or our 93 level here Okay, just based on this pressure of buying in here that we see Okay, so and again guys, I mean you can scalp these you can you can trade on a higher time frame is the same stuff This is a move. We're looking for the move back up here basically 92 okay now and If it doesn't and then it this this fails to break out from this little range in here This is where I'm looking for sellers down here at 88 and a quarter All right, if we get our sellers in here, I'm looking for the move to 85 84 83 Yeah Looking for sellers here and looking for the let's see if they can drop it here. Okay Makes sense this so that what we're looking this was a small little break out here They have this little range in here, but the bigger structure it made a lower high and we found sellers come in So we're looking for sellers to try to move it away now from And break the low here. All right, so Anyway, that's what we kind of see at the moment here looking for the sellers. Okay Looking for them to drop it down into here 85 All right, and well we said at 84 83 as well If you're a volume profile trader look at your profile here And this would be kind of a back back into this high volume node down here a bunch of retail stops at VWAP midpoint VP OC Thanks, Rob. Yeah guys. Look at this. This is it's this is it's all over the place today really It's tricky. This is a double little double bottom pattern in here that we cover a lot of times And it's just order flow within the price action yet again We're looking for sellers. We're looking for sellers. We're looking for them Here's a little bit some back and forth no sellers very few sellers Buyers back up in here and they're able to lift it. Okay, so look for this on your, you know, this is actually triple bottom Okay, we we covered triple bottom in a webinar last week And I can show you that under the live streaming in here go here And if we look up triple Triple bottoms and candlestick patterns right here. Okay? So if you want to go through that and we went through it in detail, right? And we'd look for these little moves to take place that could turn into bigger moves Okay, it looks like it's going to fail though. I'm seeing the sellers again I'm looking for the sellers to drop through this area at this point and and they are They're looking now for continuation as well, right? So maybe we get a pullback here to about 86, but I'm looking for a continuation now Sellers are now moving the market. All right, so want to see them drop it into 84 and That's about it for now. I mean we have 80 down here as well This is our remember we talked about our pivot point down here from the non or I'm sorry not non-farm from the Michigan sentiment here Okay, so down into 80 and there's liquidity down there at 80. Okay. Great. Well Dennis there's your higher time frame All right. Does that does that make sense a Dennis like starting to understand this price action here? Okay, we went through the higher time frame with the gap fill and looking for sellers In in you know kind of down in this area and where they might take it 80 looks pretty good You know also maybe 78 on this 15 minute chart, but let's look at the order flow though Okay, and let's look at the price action and So we got a ways to go here. Okay, but anyway Again, it's the same thing. Obviously. This is hindsight now But but take a look at it here. See the selling pull away. Look at the low volume pullback This was interesting in here because there's a lot of there's a big buyer in here that came in Okay, so that kind of made things a little convoluted in here but You know we're and we saw more buyers back up in here So we're looking for that, you know, this little move in here and then we then we covered it like, okay What if it fails? What if we see sellers down here? We're looking for that move to continue on lower All right Okay, Dennis. So you watched all online structural all the instructional videos three times really appreciate it swing trader holding for a few days That's excellent. You know actually them. Let me show you guys. I want that brings up another subject in here I've been using the in demoing the trader map pro It is for MBO data the market by order data for the CME group futures and you will need to have rhythmic data but the insights that you can gain from that through the heat map and Let's go over that. Yeah, I really like this tool a lot. I think it it it offers an edge in here Here's why okay, let's we're looking at all the orders here in the book from This chart here in the S&P Here's another S&P with the TM pro dot pro. This means trader map pro This is showing a different book. It's the same instrument. It's the ESH or March You know 2023 but I filtered it for 10 contracts or more So it's trading into that right now There's actually 120 here and there's there's the breakthrough it. Okay, and and the move lower All right, so now maybe we'll get a pullback right back to this 84 and a half Okay, because that's where this big transaction just took place or even here 80 83 and a half I think So but the next liquidity is down to our 80 level All right, so we just matched up in here on the higher time frame our 80 level okay, and that's Pretty good if we look at that and we look at our higher time frame here 80 looks pretty good Okay All right, so this is 10 contracts or more and it's a totally different heat map in here Let's let's make it really extreme. Let's look at a hundred or more And this I love this heat map in here. Okay, clearly this will have to be larger players And this is their activity in here. We see massive spread in here because like You know, it's a hundred contracts or greater. It's way up here at 95 And they're way down here at 55 on the bid Okay, that's where the larger liquidity actually is so every now and then you'll see like the behavior of The larger players in here You know moving that liquidity Up into these these areas getting filled somewhat and then moving it away So they actually did get filled up here around this 84 and a quarter look at that right here, right? And then they pulled that liquidity and they added it back down here again at 55 Okay, so what does that mean? Well, they added a little bit in maybe they took a little bit of profit, but they're down here All right, that's what it means And what about on the offer? Well, they're up here Okay, so what maybe they'll you know add some liquidity lower and be a seller up and you know For a brief period here and then bring it right back down Yeah, thanks slow down. I know that was a while back on the head and shoulders pattern and Just getting to your questions in here All right guys. Well, let's just let me just put this to a question To you because now we're gonna we're getting more advanced now But we're understanding we're building upon this foundation and that's actually what our education is really about Is you know to start with these very basic things of like what moves price? What's the difference between price action and order flow? and then getting into all sorts of Details in here of stops and icebergs transacting larger players with large liquidity and how they're transacting Okay, so now just I'll just you know pose the question in here you you trade with let's suppose you trade with a hundred lots or greater You know, how would you want to trade? You know, you'd want to kind of hang out at some of these higher levels up in here most likely and then nibble a little bit Okay, average your position And then maybe take a little bit of profit That's exactly what they're doing here Okay, but you know something happens. They're up here at forty one hundred. They're in the queue still up here at forty one hundred but look at this okay It comes down here and he and he's offering here at This larger player at eighty seven and a half and he's not getting filled It doesn't even get filled in here Okay, so he doesn't get a position on He and then he pulls that liquidity away Okay, now he's down here on the bid and he does get filled in here He's a buyer here and here at eighty four and a quarter and this eighty five level Okay, so we'll keep those in mind where price might come back to well it price did come back to it. It's right here Now you can see it come right back to it Right after the big move down. They came right back to it And why did it come back to it because this is where these transactions took place? It's just that transactions took place up here The market can trade or transact up here And it comes back again That's where you can start to look at low volume pullbacks and start to understand well, how did it come back into those areas? Okay, now look at this larger player. He pulled those that were way down here at fifty five and he's back in Okay, and he and it's having an effect on price Okay, so how did it come back in here? Well, here's the selling we know is a stop run as well And then it's not a whole lot of buying that that brought it right back up into this area Okay Now we're getting really interesting in here. We see on the bid on the offer larger players all over the place Okay, likely the same player got filled here And then also getting partially filled here on the on the offer. Okay, and Still down here at fifty five Still up here at ninety five or ninety six All right, so anyway gives a real interesting perspective Dennis there's your move into 80 and a little bit lower here. That's what we're looking at I think back over in here right around 87 ish somewhere in here All right by understanding this kind of price action and movement Right. No, I kind of missed it and didn't cover it and that's that's exactly why we Try to go through these lower time frames because like it took it this took a little while for it to work out But that's what we're looking for Right, and we had our reasons for it. In fact, look what it did it traded down to this liquidity down here below 80 actually It traded in the 80 liquidity right here here's here's the transaction And then here's more and they're getting filled as well here around 78 and a half 77 Hey, now it this sounds like it's so detailed and complex. It's It's really simple. Where did they get filled? They got filled down here That's it. That's all we need to know now. We need to know what we need to know is after that What's the reaction here? Hey, well, you know we see buyers coming back in now Okay, here's our pivot point. What if we get buying action back up above it? I'm looking for them to come right back up into 88 and 90 Okay, so let's see if there's enough. We'll probably get a pullback right to 88 84 and a half again Hey, that's pretty good buying though. It's not bad Hey, here's our pullback They can come a little lower here. Maybe pull back into 83 and three quarters and still be bullish on This small time frame on this small time frame any trend line traders in here Simon, how do we set up for 100? First off, you need the trader map pro tool It's part of the MBO bundle. Okay, and then it's in here under under the add-ons trader map pro You create a new map here. It will create a new instrument in here that you will filter for and the one I I had is this one here for Trader map pro 100 to 1000 Okay, and where are they? Well, we know that they're I think they're up at 95, right? Let's let's double-check Yeah, they're still up at 95 Okay Well, this guy lifted his his bid up into here and he just got he just got filled So that's interesting All right, so this larger player got filled. What do we get more buyers back up above it here? We found some sellers What if we get more buyers up here? It means there's still more buying pressure, right? So we'd be looking for not only top of this little range in here We'd be looking for the next level of liquidity Which on the higher? Liquidity levels it's up here at 95 and 97 Okay, but we know that on the smaller time frame. We know that we're some up here at or the not smaller time frame Lower liquidity up here at 90. So let's jump back here and yeah Targeting 90 basically on this move here Okay, again understanding where the where the orders are and the price action Or the order flow within these in these areas in here that is the key Okay, and we can understand buyers and sellers this this context this reaction between or the Relationship between the buyers and sellers in here. Oh fantastic. Uh Brazing you watch the intro courses and your training got way better. That's excellent. I mean keep coming and Listen, it doesn't stop here. This is just this you're just getting started We've got Tom be next volume profile trader We've got options with dog after that and we've got the algo boys after that all all day long Hey, so algo boys is we'll be doing webinars with them on YouTube as well But right now it's only in discord. Okay guys. There's our move into 90 Hey, just based off of that very simple analysis. We went through Okay, and we drew this line For the pullback and pivot point Before it even pulled back, right? And and look for that So I don't care that I called it What I care about is that you can trust it You can you'll start to understand the order flow in here and then it is a higher probably probability outcome Okay, it is probabilities And you need to protect yourself With risk management, but once we start to understand the order flow in here. It's a lot easier It's a lot easier. It'll it'll make your your trading, you know you'll optimize your your and and Have a stronger edge All right. Well, let's take a look at the 1010 lot here. Where are they? So they got filled up here and guys look at this I mean, it's just beautiful stuff Actually filled a little bit before here at 89 and then 90 And there's your exchange of hands between buyers and sellers up here Okay, remember we just talked about the pivot point Here's one on a smaller time frame And This is a false breakout on a smaller time frame. Here are your buyers Here are your sellers This is our pivot point and there happens to be liquidity around that that level here and there happens to be transactions up here Okay What we look for then is sellers in this little area in here They'll take it back down to the bottom of this range and I'd be looking for them If we get enough to go down to the bottom of this range here as well All right So it's a false breakout and if we what we're looking for is sellers to move it back into this is a mean reversion Concept okay back into these areas in here. All right. Anyway point made I think someone earlier was talking about They're looking at the the V poc and They're also looking at the V WAP So I'm gonna put those on to the chart here and let's take a quick look at those as well So we'll go over that kind of trading strategy All right, we're still looking at the trader map pro here. Maybe we'll jump back in here first Okay Now let's let's use the trader map pro. This has been treating us well today All right guys, I haven't even gotten to the the market polls today, which is a whole nother New tool that we I find tremendously helpful And looking at correlated markets, right? So look at look at this one here for example right here right now This could be another Pivot point right in here. Hey, this is where it broke down broke out a sellers buyers Maybe we'll get more sellers back down at the bottom of the range Hey, just a scenario but All right, let's look at V poc or PoC and we'll also look at V WAP Okay, I know a lot of you guys look at these things. So let's let's go through it And let's understand the order flow around these levels now. These are pretty I like these Using these tools. I don't have any studies off of them. It can be really easy to quantify though and back testing but Let's just go what we're gonna cover is understanding order flow around These lines in here. Okay the V WAP is volume weighted average Percentage, right? so It's the It's just a it's like a moving average, but it's based off of the volume. Okay, it's not based off of time In price action. It's based off of volume action right so Look at the bounce off of it right now now. That's easy to call Because I actually I wouldn't know that until I started to see some of this up here Back into 90. Okay, so I'm seeing buyers buy off of the V WAP here Okay, so I'm looking for them to come back up into 95 now and we know what's up at 95 These guys the hundred lot traders are up here at 95 so So a very very simple strategy right off the bat You know look for this as being resistance and then support And now the order flow off of that. Okay, what does the order flow look like in here off of that? Well buyers pull back not a whole lot of selling but buyers again here So I'm looking for them to move it away from V WAP up to 95 Make sense Okay, so now what we're doing very simply is looking for the the price action and the order flow around V WAP Okay, and there's a trading strategy right there So POC same same idea Actually, actually, I really like POC. I use it for I Never really look at the POC indicator to be honest I just look at the ranges and I can see it in the the CVP columns here Which stands for chart range volume profile, which means like if I zoom in this is my volume profile for what's viewable here? Okay, look at that top edge that we should get our move right now in the 94 95 Let's see it. Let's see buyers up here Little bit of exhaustion there got to get more buyers up here And we at 92 and a half and we should should get the move back up in a 94 95 here Okay, there's a little more on the offer as well on the bid here Kind of push that ah the buyers sellers go for it. Okay. Well, they trade into it And let's see if we can get back up here again at 93 and Get that bounce Or that move up in a 95 Okay, we're still we're just in the range right now Hey So still looking for we can get back up here More buyers and then 95. All right, so the What was that covering it? Oh, yeah, okay, what I like about POC is just showing the point of control guys I mean, it's one number which is great Or you see you'll see developing points of control as well. It just means price is attracted Well, it just means it's the most traded or more traded levels compared to others And usually that means that price is pretty happy there or you know, it accepts there Okay, so if that is the case Then it can transact up there Right, so that's where you'd look for it to move back there And that's kind of a mean reversion tactic that maybe price moves away from it and It doesn't really sell Off enough like down in here. It'll move back into where it can trade Where other transactions took place? Okay, so just a very simple concepts in here But very very effective as well Okay, so for example in some of these smaller ranges in here You know here's exploring the top edge here now up in here. I've got to see I've got to see Lots of buyers and then we can get it if you explore up into 97 worst first looking for 95 Okay, we still know that larger players here and and you can see it a hundred and twenty two and it's the same player He's likely up here at 97 our large lot tracker the little white line shows that it's probably a hundred lot Okay, so he's at two different areas here and Yeah, let's let's see them move up into it here. Let's see if we can get it the What was I gonna cover so the volume profile Or no the POC like yeah, if you you know if if price can't trade up into these areas in here We don't find enough buyers Well, we'd look for it to revert back into where it can trade. This looks like a good area right here And there's a few 92 and then also this 91 and a quarter Okay, so maybe we'll get a pull back there then maybe we'll maybe we'll find buyers Hey down here this in our profile. What does this mean down here? This is your low volume node What that means is that not a lot transacted down here And that's all it means Hey, well, so is that? You know if we see a move back down here. Do you want to scoop it up? Do you want to be a buyer down here get get it for a cheap price and try to trade it back into? Where it it does have value, so this would be discount and this would be value up in here Rob the trader you still have much to learn about market polls. It's pretty simple. It really is the market. Yeah, it is amazing I love it It's it's really simple. I mean it depends on the algo we've demoed a few Three different algos. In fact, the one we've demoed the most though is the volume pressure Algo is very very simple just when Picks up when there's a lot of selling or buying. That's it Alright, alright you view app traders. So look at this. I mean this is again Why I mean we're looking for 95 97 you got to control your risk though and you know, maybe when you see something up here like you jump out and It's Okay Alright, so now does does it do is this a is this a buy down here? Well, there's gonna be view app traders probably buying off of here Okay, alright. Well, if you want to follow along with them, then maybe back up to here 89 or 90 right as a as a knee jerk reaction off of this Just to see the order flow come back up into 90 Okay, it might even come back up into 92 it might if we get enough buyers in here, then we'll get our move 95 and 97 Hey, so yeah, it looks actually pretty good. There's some buying. Okay back up to 92 and a half And this is obviously gonna be a big stop run in here. Let's see Hmm not that's so big not so big Larger players coming in here right now Around this 92 and a half level. Anyway, anyway guys, you can see there's so many different ways to Understand and and and look for strategies around the order flow in here I'm trying to go over many we can go over also candlestick patterns in here You know, we can overlay the candlestick chart. This is one minute. No five minute All right Five five minute candlestick chart. You know, this is not looking too good for the candles at least Wicks on both sides still in the middle of this this candle here All right, so that doesn't give us much insight And we'd be looking to buy down here and and basically sell up in here Now what you could do is This would be kind of your Trade it from the inside out Basically from the mean in here if you see enough cell volume you can you can look for a move down here Hey, or the opposite and it looks looks pretty good. They're starting to pick up on the buy side Okay, well then buyers should be able to trade it back up into the the sellers up in here, right? Okay, again from the inside out instead of from the outside in Of the candle Hey, so we're looking for selling pressure up here Hey, we're looking for buying pressure aggressive market buy orders here to come up into the these sellers up in here Okay, and yeah looks That looks okay, yeah, I mean I'm still we're still seeing buyers here So looking for them to kind of come up here and test the top of the range here Hey now in terms of a strategy boy, I you know, I'm not gonna hang my hat on that one That's not a whole lot. Hey, we're looking for the the order flow to come The outcome to be in this direction here, but in terms of it being higher probability No Not my book you're looking for 96 plus captain price. Yeah, maybe Let's let's go over that like you can you guys can look at these like top edges bottom edges, whatever like a weak top I'm not really I mean it might do it. You know back to 4100 but like you know looking at your your Not only your profile, but like the transactions up in here, which actually they're not bad up here So I would agree with you on that They look pretty good in here Therefore we should get more buyers in here likely and then and then in 95 and and you know 97 maybe you know 100 but Because it it's already auctioned up here Right and now now we're starting to see a little bit more here. That's good. It's starting to build out this kind of You know p-shaped here at least it's a double distribution, but like you know if we zoom in we'll see it'll we'll see a p-shape Okay, so yeah, it's that's how you get a weak top And that's how you'll get like this is kind of one element And then we're looking for it to come up and do the other and then you have your single distribution Right it explored this area up here And it's looking pretty good. All right guys. Let's uh, if you like this video Or you like these webinars, please hit the like button Much appreciated that this is You know if you if you don't like it hit the don't like button. I mean we're trying to cover What it is you guys want to cover? and answer your questions go through strategies go through understanding order flow within your strategies to give you that edge and There are a lot of different ways to look at it. We have a lot of different tools in here That can give you that edge. So yeah, please hit the like button and Then we will call it a week for at least the This webinar we have Tom be next we have options with Doug after that We also have a Spanglish trades right right after this webinar at 1130 East Coast time It will be in Spanish with Frank and looking forward to that so Yeah, more events following. Okay, so yeah, thanks everybody and We will catch up with you next week