 Okay, good morning traders and welcome to the book map live trade trading webinar. This is Bruce at book map and So we're doing live analysis Monday Tuesday and Friday 10 a.m. and the whole map and idea here is well We're a trading platform We do live analysis. We have an educational course that goes through order flow in detail It's a four-part educational course and if you haven't seen it then You know attended it. I would recommend it. It is on YouTube. You'll find it there and then we're going to go through all of that in the live market and And put it through the test We will give insight to where price may move next based on our order flow analysis Okay, so it's not about live trading. It's about live order flow reading So you can apply that knowledge We do have live trading with J trader a stocks trader at 10 a.m. On Wednesday tomorrow and then Thursday with Scott Pulsini at 10 a.m. Futures trader They will go through how they trade so you get the insights from and peaking over the shoulder of Other traders and exactly their methods if there are many methods to trade So that's why we have it set up this way in the in the education Let's go through some disclosures. We'll jump right in. There's lots of interesting things to take a look at here today General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered Specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump in here Take a look at this S&P e-mini We will look at some crypto and some and some stocks as well a little bit later But let's take a look at this for now Alright, so well interesting Doesn't doesn't cease to amaze us here some interesting movements in here. Let's take a bigger step back here And look at the bigger picture in the in the order flow Or in the in the market structure, I should say and we had to kind of zoom out from our S&P chart Hold on a minute, and I'll get it up and running. Ah, in fact, I think I do I took a screenshot of it. I think Anyway, let's let's cover it here so What we were looking at yesterday. All right, because that That on the daily chart here, we can even go to a weekly probably would be better We're looking at these areas down here And then if we can get through those we're looking for the continuation and down into these areas here on the higher time frame same ideas That we cover in the order flow understanding where Price moved away from an area in the order flow on size And you can see it very clearly here. This is a good one We're looking at these areas here earlier on the way down And then some of these areas here as well on the way down As you can see market structure in on the way up into these areas here market structure plays out beautifully Understanding market structure in and maybe we'll go over it in a little more detail today during the webinar So you if you guys need a little more clarity on the on the market structure We can we can do that we can go through that So anyway now we're bouncing. Okay, so on this daily chart and where are we headed? Where are we going? Well, we're gonna start to look at some of these areas in here Where we previously broke down from okay to retest some of these areas up into there So let's take a look here on this daily chart. I well the swing high here from yesterday All right, so we'd be looking at that you can see like see the wicks in here from last week We're just kind of testing up into that area here volume profile guys You know that there was volume that traded down here Okay, so there is gonna be on your you know weekly or monthly whatever Profile chart that you're looking at you're gonna see like some volume in there So that's where it's testing right now And we'll see if we get a little more buying and try to come back up into the highs From from yesterday All right looking at the hourly chart here in the middle. All right. We talked about this yesterday as well gap fills okay, so break downs and Filling filling these gaps in here on the way back up. So we should certainly didn't get close to it yesterday This is quite typical You know, it's it we could even trend down one more day before filling that gap looking pretty good today If we can get a little more momentum to fill that gap. All right, so That's something to look at here. Okay It seems a lot more probable today than it does yesterday. All right, so We'll we'll take a look at that and see if we can get back up into first off somewhere around here this 40 77 and then, you know, maybe on up into some of these other areas in here. All right, so It's pretty high pretty lofty But we're looking at 44 or 40 70 and then, you know, maybe 90 or something like that the figure up here at 4100 as well. All right 15 minute chart here in the on the right-hand side You can see that gap fill a little bit better It's going to be way up here around 4105 or so Okay, so we'll be looking at at some of those areas here today All right first first thing we need to do those we need to get up back up above here If if we're looking for that gap fill and that scenario We're looking for the move back up above here and continuation All right, so we're just marking out market structure right now. We're marking it up Okay, getting a feel for what's going on in here Right now it was like yesterday right now on the hourly chart yesterday where there's just two kind of doji's in here We didn't really have too much clarity until we saw something in the order flow Then we were looking for the continuation lower. All right, so today You can see same kind of idea here. There's there's kind of wicks on both ends in here In fact, you can see the move down here kind of filled this little area, but the gap is down here It's way down here. Okay below the figure of 4,000. So that's going to be a critical area to revisit So we maybe we'll get the gap fill down there before we get up back up in here This might not fill for years All right, so anyway, just just some ideas in here It does not matter. We're gonna look at the order flow and then look for the possibility For those gap fills. Okay, so we're just talking about some gaps and then let's look at the order flow here All right All right. Well looking at the S&P's 730 a.m. Here. You see the move up Into high liquidity here up of the figure of 40 50 high liquidity in there trades into it and through it We're gonna see a nice stop run there as you can see Up through into 55 and to 60 and a little bit higher And then right back down below it here. So our our main pivot area here is right around 40 50 Maybe a little bit lower here 48 or 49 and Back up above it back below it etc. So anyway, we're Waiting and watching here to get a little more clarity in the order flow here right now This is pretty good buying up here. All right, so we can see that But we need to see the continuation here and I'm it there's pretty good selling just came in recently in this area here So really no no kind of clarity here at the moment to be honest All right, so here we are we have V-wap kind of slipping in here now my V-wap as you guys can see here It reset here to zero Or or to a current price At the cash open. Okay, so this isn't the correct V-wap, right? So I think there was some discussion and there was some maybe some issue technical issue with our V-wap yesterday But you can see that this is not correct, right? But at least because I don't have all the data from you know last night at 6 p.m. When it when it opened The market opens so I don't have all of that here. So I reset it at 930. That's the logic if that makes any sense All right, so let me let me check some of the questions in here Good morning knick-knack and Carolina all right, let's Check over in discord as well and see what's going on Okay, good morning everybody. Yeah, just lots of salutations. Okay. Good. All right let's continue on here and and See what's happening here Yeah, not much boy. I'm telling you. This is a nice move into this area here There is something good to look at here and we'll see this again and again, especially in the S&P. This is classic here Just classic high liquidity trades into it Transactions our big event here up at the figure More volume here on the buy side looking pretty good for a breakout at any moment in here for it to break out Pulls back the bottom of this little range here Liquidity here they kind of test into it and then buyers in here looking even better for the breakout This is looking great. It should break out. Look at this Profile here look at that flat edge to it. I mean if that's not a weak top Then I don't know what is and what happens? It sells off right It sells off It goes below some of these areas is you're gonna get some stops down here it tests into this liquidity down here and and through this area here and It doesn't doesn't come back to the top of this range here at least hadn't yet We'd be kind of looking for that or some sort of like cluster volume cluster or something in here To kind of line things up. Here's the retest here Then we get the breakout guys. We've seen this move so many times Especially in the S&P E-Many Look for it. Look for getting filled in these areas as well, that's a Really nice potential strategy to consider Okay to look to get filled on some of these because it this is what the S&P does All markets kind of do something similar But I mean the NASDAQ would probably break out and then do that and then break out again You know it would break out break down and break out again some something like that Here's the S&P's version sells off and then we come back up here and get our break out All right. Now the breakout didn't last very long Came up into 40 55 And you can start to see the waning here Okay, we'd almost be looking for the same exact move here to be honest as over here Okay buyers up here now. They're making a lower high here Okay, we want to see them come up a little bit higher. That'd be perfect and then Look what it does it sells off here. So there is a distinction here In between this and this over here, but as you can see is pretty is there's some a lot of similarities It comes back and actually bounces off of this area here And then comes back up here now. We're looking for the breakout and We just don't get the buyers. In fact, it's a lower high. Okay, it doesn't even come up equal here. This one did These distinctions in the order flow Make a big difference All right. So these are some of the things to look for why did this one fail? Okay, when this one did it broke out Here's here's some of the reasons and let me get the pen out. I think that would be very helpful All right Okay, so here's a few considerations And we'll use yellow I think all right Here it's all trading. All right, hold on a minute. That's that should work should be it That's I'm looking for the Size of the pen here. Maybe this one. No, that's even worse. Oh, no here it is. I got it. All right Okay, so let's clear all that. Okay. Um, so Volume up here volume up here volume up here break down Back up same price level volume Looking for the breakout. All right, that's a big distinction over here Over here volume volume lower volume here Okay, pull back though volume looks pretty good in here, but we need to see it up here Okay at this area around around 55 we don't get there and we don't get volume here two big distinctions Okay, one is the lower high in here another lower high in here. All right, but no volume up here Okay, compared to over here All right, so look for those things if you start to see these sellers come in look for them to trade back down to here And maybe they can trade through it in this case They broke through it and then they be looking for the next swing or areas of liquidity Okay, so liquidity maybe down here as well We get a pullback to kind of where it broke from up here and then looking to see if like Are there buyers up here? Nope This is where they break it down again. See see the buyers up here And we've gone through this a lot of times over the last few weeks buyers up in here and we're looking for the pivot our pivot line here, which is kind of aligning really nicely in here And then we're getting sellers below it in this area here looking for them to drive it lower. All right Hope that makes sense. We've covered it many many times over But it is just market mechanics in here or market structure And a beautiful move to this liquidity here at at 40 40 All right Where does that leave off right now? All right, so we went down below this swing here back up above It's really bashing around in here Just around our VWAP, but Boy, we're really not still not really seeing much in here Not much to go on in terms of structure Yeah, buyers took it up here. We've been bouncing here off of it All right, we'll go through a couple scenarios. Let's see if we get our sellers Looks like sellers want to trade back down to this area. That's another way to look at this We've talked about this yesterday and and in in the past to look for Where the buyers and sellers might drive it to test it? Okay, and here we go So we're looking for them to drive it and to test it down here and we're looking to see if we can get follow-through now, too So, you know if that was your case you're trading from the kind of the inside of this range to the outside of it You take some of your profit here. Hold the rest Looking for it to break down to 32 maybe 30 and maybe 28 Okay, because that's where the liquidity is All right, so there you go. It's playing out in real time Still looking for continuation here So let's see if we and and if you you know if you look at some of these areas in here And these are for consideration. It's not these are not it's not financial advice. It's not trade recommendations Okay, these are considerations in the order flow And that's why we're going through them in real time So that you can see how they play out because there's an opposite to this it traded below here And we're looking for continuation But you see how this can be a trap down here and we're looking for buyers now back up above it And then they would come back to the top of the range here Hey, maybe even up here first first would be up here around 45 And then maybe a 47 and then maybe even 50 and No clarity in here right now. We're just looking for that move down here and now look at buyers up here They're struggling they're trying All right, but yeah, I'm Not really not really seeing it here at least the follow-through and now we're back down here again at 37 Let's see if ourselves can push it again, and then we're looking for 32 We need to see some size come in on the sell side. Okay to push it down to 32 Anyway, yeah, it's pretty back and forth in here Yeah, you can see another kind of false breakdown and then right back up and now we're looking for the other side of the range And then 50 as well And we should see some stops up there as well one buyers he should Should see some follow-through up here They pulled it away so quickly and that you know nice cluster of buying up here But it's pulled back so quickly as well Yeah, right down to where they initiated Yeah, no no real insight here guys, so the insight was other side of the range here and then 50 here That you can see that that's not happening So yeah now now 32 looks pretty pretty good here So it re-tested up here didn't find the buyers We're gonna find we're starting to find the sellers now so looking for them to continue here We we got into 32 and and there's some good size here. Okay, so yeah, here's our pullback already Okay, now this is a low volume pullback All right, let's see if we can roll in here with some more sellers right here around 35 and Then look for that press down to 30 Beautiful there it is. All right, we can go over this here This is a low volume pullback and this is it's not bad It looks like there's some high volume in here, but you look at the bars down here some pretty strong selling in here Potentially could be upended in here, but this the strong selling kind of came in and and and moved it from here On down so this this pullback was to the top of or the bottom of this range here And then and then we're looking for those those sellers to roll in again and then push it down to 30 Okay, so they've already hit 30 and and 28 already All right, so we can go through this if you guys like any any questions on this low volume pullback or maybe I'll throw it over to Alec or or techie girl or MC local you guys are really like that setup and It's so it's a good one so Yeah, what do you what do you guys? Think on this one here Yeah, best setup in your opinion. I think so too It was such a good one because you're already you already have the the direction and you're looking for a pullback And then you're looking for this. It's just not a lot of volume there And and the sellers are in control Yeah, it can be kind of tricky to get into it in some of these areas in here because You know, there's a lot of times there's just not much volume and in this case there is some volume in here And you could have now you could have gotten up ended here. That's the risk Right, it could have come up here could have come up even higher It could have been a false breakdown this whole thing here But what you do have on your side is when you look for consistent strong selling Over many points here Okay, so down to 30 or 32 from up here about 38 or or even 37 So that's like 5 s and p points and that's pretty good. That's when they're usually or typically typically this is when Sellers are moving it away from a previous value area Okay, so and here it is in front of you and you can even see the pullback here already another pullback And you can already see in the bars down here and in the dots. This is less volume again So you even got another shot at it here take some profit take another shot at it here. Now, there's risk Believe me. I mean like you cannot escape the risk It could have come up to 40 right So And and there's there's some volume up here Usually what we like to see is on that low volume pullback is like a very little volume. It's just kind of a wick Comes back rolls in you see some strong selling right around in here would be perfect Then you're looking for the continuation that strong selling didn't really come in until Yeah, pretty late, you know kind of me Maybe you'd look in here, but it's really the selling is down here. So it's not very this is not very good one here Yeah, you know, you can see another one just just unfolding here right now now this I was I was gonna mention it here It but it's already done what it's gonna do And this is always hard to to know when that aggressor is gonna come in and just hit hit the bid hard Right and it just moves so quickly So it kind of leaves you in the dust here But what you can do is you can read the structure in here and again You know, you've you've got to take some risk. That's just how it is no matter what you do. You're taking some risk so You know what we see up here So a little bit of volume a little bit of volume a little bit of volume a lower high Looking for volume selling volume here Okay, at this little kind of these little swings down here. Here's our volume here We got one more pullback then you saw more volume here You you can jump in on those and look for the follow-through We've done it many times in these webinars Okay, but after reading the structure Okay, the market structure. All right, so yep sellers continue to come in and looking for 25 and Let's let's zoom out here. Yeah looking for lows of the day here. So 22 2017 There's 24 Or 25 25 24 All right, okay now now we're at the kind of lows of the day or I'm sorry lows of at least the cash session here right This is it, you know Bit of game theory in here Who's gonna take this lower? Who's gonna break the session? All right. Well, we need to see some commitment, right? We can't just kind of you know kind of meander around in here We need to see some commitment by that sell side. So are they they're starting to mount something here? So we do we get some selling in here? I Thought we'd start to see a little bit in here and then buyers came in then sellers came in It's kind of wishy-washy right now Right. All right. So here buyers testing back up in here top of the range of the small range here All right. Well, let's see it. What if we're looking for a scenario here We can go we can come back and test even the top of this range up here around 40 31 Okay, so but what we're looking for though is some exhaustion and some sellers to come right back in As a scenario here, okay, we're almost up at 31 We can even come up a little higher 33 See where these guys dropped it from and then looking for so we made it 31 the swing up here Now oh good. This is good. So we're gonna get a retest here and Looking for again sellers to start to come in here and Move it right back down 25. Let's go back down to 25 here. Okay, so Let's see if we should they show up there they are all right sellers you got it Let's see if you can drop it now Looking for 25 Yikes buyers just come streaming in there All right, so someone disrupted that right here with this book sweep This is this is wicked in here actually we've seen that we saw this a few weeks ago or Like a week week and a half ago. This is kind of wicked Here's why and and it totally disrupted our our plan there Which still might play out right and looking for it looking still for sellers here Okay, and then just pound it down here To 23 Okay, ice perks on the other side here. All right. Let's see. Let's see if we get our seller But the sellers have to show up here 27 and a half. That's where we're looking for them Okay, now you could play the exhaustion to 27 and a half and then looking for follow-through down to 23 and Then potentially further 2018 All right, let's go through this now that we're gonna go through some of the minutiae in the order flow here But it's just it's such good stuff And understanding how these markets work is part of our goal here, right? It's it's a big part of our goal So we can then use this information to our advantage Because there's some wicked stuff that happens in here and It was right in here Right in here. Here's a book sweep There's a stop run in here as well Okay, so they trigger some stops in here someone came in and just lit up and Swept the order book higher here. Okay by buying they just bought everything at each price level Until they got up to the certain area here. Let's see. What was the stop run? It's not much It's not much at all So hold on a minute and I want to get that on the chart here for you guys and I'm sure I experts to you Okay, there we go All right, it's only one One stop is that right? Yeah, yeah Only one little little Stop order there. So this is an aggressor moving the market up like that This is where it gets wicked Okay, so they move the market quickly and then what do they do to hold that price level they write on them on the best bid they come in with an iceberg here and They they remained in here Until right about here where they cancelled it All right, so that's the dynamic. That's what happened Now that's gonna like if you don't find enough sellers take on these guys with the iceberg and there's 500 that traded here Okay, before it was canceled over 500 So swept the order book throw some icebergs right underneath it here get filled and when people start to pound this to try to you know, maybe fill the little gap in here or you know the What do you call this like a vacuum right when they sweep the order book like that? And you get a lot of scalpers that will trade it try to trade it right back down It's they're in here on the other side absorbing with their iceberg Right to keep this to go higher And I was short-lived But it's a pretty pretty wicked little move there and then Now we're getting our follow-through to the downside Okay, so we were looking for it in here. We got one more move back up here And then can you guys notice the pivot in here? We covered pivots yesterday. What do you guys think? And let me also check over on YouTube Let's see. We got a bunch of different questions in here or comments Yeah, there were Alec. There's some differences. I think on that Maybe with DX feed or in thinkorswim. I'm not sure. I think you're talking about the POC or not that was it POC or like Well, POC is going to be different guys Unless you have it reset at the cash open or at everyone can be on the same page Okay, because if I look at this I'm zoomed all the way out here this column here SVP column is what controls the POC Okay, so it has to be a session volume profile or it could be chart or it could be session A trades counter or quotes counter, but in this case, it's a volume counter. All right, so Then It's I'm recording the data since I know was it 6 30 this morning or 7 30 this morning So my session is from starting from that point So it's going to be likely it's going to be different than your POC Okay, so we can right-click in here we can insert a new column and I'll let's see if it's different And then I'm going to right-click in here again, and then I'm going to first off. I'm going to reset it okay and Reset configuration and Let's reset at the session start There we go Okay, and see how it cut it off here. Whereas you don't get this tail down here And then let's go right-click in here and let's put in POC Okay, so here's the POC Here and that does look wrong. Whereas this looks like more I don't know about that though. I see 62 94 here, and I don't see that here interesting yeah All right, and all right, so And then let's look at the POC on this one here, and we'll give it a different color as well Yeah, okay, so as you can see I have two different POCs here they went up here and One down here from 9 30 onward. This is the one I'm getting here is this yellow one All right, so maybe this car clarifies some of this for you guys With the POC Okay, it's it's done through the Filtering of the of the SVP column Another thing too is like you don't have to lean so hard on the actual line I mean just look over at your column and in your column is going to give you that the information It doesn't have to be the POC right you can be a high volume node a very high volume node That's pretty close to the POC in fact, you know you get developing POCs And then that's when you get these dramatic shifts Like this is one this one they were both aligned up here for a bit at at 40 50 And then the session one dropped dramatically down to here to 42 50 Okay, but the the other one stayed up here Anyway, I'm gonna get rid of that column Unless you keep it if you have any other questions alright, so but you can see how we did this here And how you the filtering will affect your POC guys nice drop here this was kind of the Scenario number one here And we were looking for that when we didn't know we didn't have much clarity in here We're talking about in here They they just quite couldn't get it and we're looking for the move back down into 32 and and then just for 32 They took it more they took it into 30 and 28 and then continued on here And and and there's still continuing here. Okay, so now now we're looking for This kind of 40 10 to 0 8 level something like that And we'll likely get a pullback in here at some point And we left off on this whether that that kind of wicked move on that iceberg Stop running iceberg and then looking for that potential Continuation here, I forget I kind of lost it here where we were I think in here somewhere And I think I left off on the on a pivot point question 23 is the pivot. Okay Alec, let's see It's not bad But let's let's take a look here. I think I don't know if we were talking about after before that move there Yeah, here. Here's where we left off right in here. Okay, so Well, okay, so what I was what I was I know what I was referring to was actually the pivot here now This is kind of important And and these are nuances in the order flow guys, but you know the concepts are the same But and let me let me go over why I I want to look at this pivot here as being important Okay, it's at 29 here Here's our breakout big volume dot break out highs Look at the selling coming in below 29 Okay, they're take they're starting to take control now. It's not too clear down here We could have had another retest back up here No, no problem because there's not a whole lot of selling down here looking for buyers to retest back up here And then we're looking again at maybe another pivot and we can see it right here around 25 Okay, so we have buyers in here. It was a pullback here Sellers pushing it through here using it here's a little pullback right here to where they just pushed it through and then Continuation again into lower liquidity down into these levels Hey here here is again. Look at the the pullback to 25 again here Okay, so beautiful stuff in here market structure and some of these pivot areas in here Right now what I wanted to cover Was the various pivots and this is an important part here because I know a Lot of people look at volume profile and You know and and I I like it Very much. It's it's a you know, it's a great way of visualizing data. I think there are some drawbacks to it Okay, like any any visualization All right, there's always like pluses and minuses the problem with the volume profile is the aggregation We want to know what's going on here here right here not all of this in here Okay, this is what we want to see and we can see it clearly and we can see the sellers come in here We're looking for them to drop it back down to 25 bottom of the range here All right. This you're not going to see in your volume profile. I actually do kind of see it here to be honest But you a lot of times you won't And I mean it does happen it does happen to be a high volume node right And then that pushes through it here for that for this small range It does happen to be the high volume node right here and they and that's where the sellers pushed it through a Lot of times it won't be the high volume node will be down here or you know here or something like that a lot Of times it's usually kind of in the middle. It's kind of skewed to the upside here a bit All right, but This is what we want to know. This is the information. This doesn't matter at that point We want to know the here and now All right, and a lot of times that does not match up with your volume profile or your market profile Okay, and like this one down here in the push through this one Well, this is actually bottom of the range of that profile. That doesn't make any sense, right? So That just uh, just to understand what What you're looking at is in the concepts of these different ways of visualizing the market Try to separate the concept from The terminology and and the kind of recommendations in those books that that We all read Okay, because it's all about market structure and understanding the volume the context of the volume in that structure as well as the The supply and demand the limit buy and sell orders Okay, because this is where it's the wants to go it wants to come down to this demand And it did hey traded beautifully to it and through it Wow All right, so and it still continues here. So we're looking for 4,000 the figure here Okay, now, let's be careful here because this is the exactly the time of day That we can get everybody going wrong before testing to 4,000 and then have it test all the way back up here get this mean reversion trade back up into some high volume nodes or Areas of previous value like this one right here at 40 30 of this range here, right? That's what the high volume node means Okay, everyone's looking forward to trade to 4,000 Hey, maybe it maybe it gets there or open to that other scenario here, and we know what it looks like No, I mean you yeah, that's a good one. Also. I'm so bad is to Look at the delta profile here, and we can do that here No, I'm just gonna I'm gonna Insert a new column that that basically duplicates the column we just came from Okay, and then in here We're gonna right-click and configure it and then look at the delta here of that column So it's by minus cell here. It's a composite of by plus cell And that's a that's distinction between these two columns here So we can start to see where they're buying or buyers in control sellers in control, etc Okay in the profile here. Okay iceberg here looking for them to trade it to 4,000. I mean Boy, it'd have to be a lot of buying that comes in here So the likely scenario here is to trade it to 4,000 a little bit below it Maybe down to three or 95 or so And then look for those buyers to come back in Okay, that's just a possible scenario and then we're open to that So Delta columns are really interesting. You can see here this kind of cluster of buyers in the in the Delta profile So here we go. We're into 4,000 looking for it to go lower here Kind of get everyone stopped out or hooked going below 4,000 and then we can have a beautiful Let's see if we can get a beautiful mean reversion trade All right, and we're going to look at market structure first In fact, yeah, I wanted to go through something on market structure. This was something I had kind of Outline for today and let me take a look at some other questions in here in YouTube Cody in terms of like a system I Mean Mohammed you're talking about looking like no, this is the S&P e-mini Mohammed Yeah, and what we're looking at here are some very very simple elements on the book map chart. All right, so In fact, okay, let's let's just simplify everything here. Okay, so I'm gonna start to Delete some of these things in here. Let's see. Let's see if we get our buyers start to come in here a bit Right back to 4,000 would be the first test Looking for it the reaction to the bid down here in the heat map and see if we get it No, they pulled. All right. There's a little cluster and immediately pulls back Okay, better Couldn't make a higher high though in this little area here that's bearish So yeah, all right. All right looks like sellers gonna go for 90 here So we're looking at a 10-point move before a pullback here To 4,000 All right, we're looking at stops and icebergs in here We have this this add-on indicator with with rhythmic data. Okay, there's our move to 90 Okay, so I'm really curious now. Maybe we can go just a little bit lower before we get this kind of pullback here And let's also jump back and look at our higher time frame here Okay, so yeah, we just filled the gap in here as well on the downside Okay, so someone was talking about gaps yesterday. So I Wanted to cover gaps this morning. This is a great area great area for a bounce in here Around this 86 ish area here and we're just there And we see this big wick down here On the 15-minute chart from yesterday I'll take the stops and icebergs off the chart here for a moment. All right. Let's see our relentless Mean reversion traders, let's see if they can do it Where is our VWAP? It's way up way up here 35 Okay, all right 4,000 would be the first test And we want to really see them power through 4,000 Okay, if they can do that. Let's see it buyers We have a high volume node in here at 05 or so 06 It lines up with some market structure here. I don't see any liquidity there though All right, guys. Anyway, I'm gonna close up stops and icebergs in the sub chart here as well And then let's let's let's take a look here All right. So now I'm there's some questions about what we're looking at in bookmap here So let me let me answer these questions in YouTube here For these newer traders very simple elements here And for you advanced traders in here hang hang tight for just a minute because we're gonna I think we'll go through a pretty interesting Exercise here. All right So and and I think this is a really I mean it's helped me tremendously Okay to Start to kind of minimize the chart But what we're looking at here are three very simple elements One is liquidity. Okay, it's all derived from the order book if you this column here COB and the numerical values You see here. This is your dome. Hey, this is liquidity These are limit sell orders above the market and limit buy orders down below and that's it. No more than that Okay, so now Here we go, let's see if we can get our test at 4,000 here looking for it And I want to see them power through it as well. Okay looking good looking for some more buyers All right, so that's it No, all we do is take these numerical values and in this window here to the right of this vertical white line We paint it in the heat map the numbers changed the heat map changes. That's it Okay, high liquidity is this kind of yellow or I'm sorry this orange and red color here And then yellow and then white then blue and then black guys nice move here through 4,000 This is what we're looking for and outlining in that scenario and yeah, the first test retest would be up here At this kind of structural area here I just don't see much liquidity in there So maybe buyers can even pound it through there pretty quickly and come up to 10 Okay to 40 10 up here Right. I just don't see much supply here. Right. So I'm still looking for buyers to try to trade it through And now you're gonna get like, you know because of the structure as well as this this volume node in here You're gonna get people taking profit and I think that's what we're seeing right now Okay, we might get new sellers initiating positions as well and we're gonna get here We're getting our test right back down to 4,000 And now let's see if we bounce off of it though because what is this turned into here? At 4,000 we were talking about it starts with a P pivot exactly Yeah, it's not respecting it, but it's still nonetheless. It's a pivot Here it's a little bit lower at 99 basically So you see the sellers come in below it here pushing it through okay, I was I was anticipating buyers off of it, but They still we still might get back up above it here and see our buyers Rob you like the idea of seeing stops and icebergs with yeah, yeah, it's amazing the stops and icebergs indicator is Is amazing and to see that kind of transparency and And like we like we showed that example earlier when we kind of drilled in They swept the order book and then through their icebergs right underneath it there. Oh god I mean like that's what people are doing That was short live, but they did it Okay, just bashing around the figure here as you guys can see not no clarity right now We're looking for some clarity above it or below it or something here, but it's nothing right now And Kate. Yeah, you need to if you if you're interested in the stops and icebergs You'll need to go to the book map marketplace And then subscribe to it there is a separate product Right and then yeah, that'll instruct you on how to how to get it and download it It's in the knowledge book map knowledge base or you can download it there When you subscribe to it. Oh, here we go. Let's see it buyers. Let's see if you can follow through now Okay, they kind of came up here quickly looking for buyers up here at 01 To reach back to 05 here and then maybe 10 Okay, so they're coming in there. We're starting to get some buyers up here at 01. All right, let's see it buyers up to 04 05 and We want to see him pull away from here pretty quickly Right. We don't want to see that buyers. They're you know these these traders here like they're not interested in in They want to pull away. They want to run stops They want to get people to be become the anyone that's sold in here They want to become buyers here get the squeeze going here. So we're looking for the pull away to be really quick Okay, back up to 05 and then even quicker from 05 to 10 And not to hang around in this value area and get stuck in it. Okay, let's see if we get them here looking for it Let's see it There we go 03 we're up to 03 And we found some sellers. So battle still continues here So they just kind of disrupted it right back down to the you know and and look at them push through. Wow. Okay, that was unexpected Pushed through it. Yeah, some heavy selling Yeah, so that's going to be to stop run there Oh, it's not it's not much It's not much of a stop run Now you can see like, you know, it's it's letting these sellers out down here too That might be kind of trapped Anyway, this is what I wanted to go through these simple elements here We just covered one which is the heat map and you know, you can see if we zoom in here See how the heat map's changing in here when the numbers change in the dome It's as simple as that we just record it with the heat map So there was high liquidity in here and now it's back in then it pulled see how they're adding and pulling adding and pulling So we can answer a question about this seller up here with 71 contracts Does he really want to sell the answers? No Because otherwise he'd stay in the order book and he'd transact Right, he keeps pulling here So if we get enough buyers, we should come float right back up here to 99 Okay, a lot of these guys, you know, they also stay in the queue Um, but you can see they don't have the intent to trade if they if they really wanted to trade They'd stay in the order book and they'd transact But you can see they don't Okay, now look at this see the skew in the order book here and the reaction now to it Is more sellers here even again there And now let's see if actually buyers go for this 95 liquidity here Curious Yeah, and see these guys too. They don't mean business here So see how they pulled now watch buyers trade it right back up to 97 Because that's that's the next area. That's where the liquidity is Okay buyers, there we go beautiful beautiful moved to 97 Okay Okay, understood understand how the liquidity, you know, it's like buyers and sellers in here Um makes such a difference Now we could have had volume turned off for that move. We just understood the liquidity in here Okay, well this one played out. They don't always play out But that one, you know, kind of on cue, which was nice So, um And we're now we're just looking again back and forth at some of these scenarios in here A cpi numbers are down or tomorrow is going to be huge. Uh mc loco. Yeah You know, boy, I'm kind of almost shivering a little bit Uh What's going to happen with the cpi? Wow, look at that move guys. Wow. That's a huge stop run too Uh now this is this is so hard to understand when this might happen Uh, and this is just aggressors coming in and stops being triggered Okay, they sweeping the order book But this is the move we've been waiting for and waiting for and waiting for it for these guys to try to move it away from this area here Okay, and they just got up to the just a o2 here. Uh, and that was as far as it went Okay, but let's see if we can get you know still Try to get the buyers back up above here and then kind of move back to some of these areas here at 10 We're looking at our 10 level. Um, and then, um You know potentially back up in here 20, etc Nothing shaken though now even this made a lower high in here All right, let's go through this exercise. I was I was discussing here. Um the um Uh, we're gonna take off the heat map. Okay, I'll just uh, uh, I'll dim it here Now we're just looking at two elements on the book map chart Okay We're just looking at the volume or the transactions and we're looking at best bid and offer Green dots are market buy orders that can lift the market They red dots are market sell orders that can drop the market. Okay, they hit the bid And they're they're trying to hit into lows here for the cash session. There they go And they're trying to drop it where they are dropping it below Okay, so we got new lows for the uh session here Okay, and look at the buyers come right back in And now watch the squeeze here. It's probably squeezed back up to maybe 90 92 or 95 where they dropped it from All right, so anyway Understanding the context of the volume within the market structure is really important, but we're going to take the volume off I'm just going to look at best bid and offer streaming over time and start to understand Structure market structure. This is just like looking at candlesticks basically Uh, but understanding the structure here, we're getting a lot more detail than candlesticks Okay, so that you just don't get it in candlesticks and I can demo that Here, you know, we're just looking at open high low and close for one minute each minute here Whereas in here. Wow, we can see all these little nuances between each minute or what makes up that candle Uh, so we're looking for um a couple different scenarios in here Are we going to is this trend going to continue or are we going to get this kind of move back here? to 95 Where it dropped from up here and we're talking about market structure And let's take the candlesticks off And just read market structure. This is a great great exercise here. Well market structure here Uh is still telling us um sell side Okay Clear move down Very shallow pullback Even this here it it broke above this little Swing here and it failed it came back down and continued down Okay, so we're still we we stay sell side until we see something different in here Okay, stay with the market structure. All right now You know a lot of trading books out there You can you can look at we're going to just going to mark some stuff up here some trend lines Because the first thing we're looking for is the the trend line to break Now we're looking at this structure here this kind of swing here And we're looking to see if we can get back above it and we are now does it is it sustainable? Okay, if we come back up here again Yep, looking for them to break out into 85 and then maybe back up here 87 or 88 up here Okay, just by understanding market structure in here All right Now if that's going to hold and we're looking for that breakout is I mean it has to hold here And it's a good area for it to hold And this is where they kind of lifted it and then it went sideways and we just retested right there Okay, so we got to find we got to come up above this little area here at 82 And we got to find our buyers in here. Here they are. Okay, we're back up here again And it failed Okay, we're looking for a breakout of here if it's going to be a reversal Okay, and we're looking for then the move up to like 88 here and you can see like It's we're back to testing this low or this structure here at 80 It's holding still holding All right there now it broke it All right, let's see if we get more sellers back to the lows and continuation lower Okay, just by looking at market structure Okay, well we made it back to the lows Now let's see if we get continuation No, it's not looking good. We're back ups into the top of the structure All right. Now we'd be looking for the continuation Here from here on down Okay, probably down to about 75 It's still holding it. It's trying Okay, but it's not following through All right, let's see if we get it here on this rotation There we go starting to break All right. Now look how it broke Hey, not not by a whole lot, right See how now we're back in And now we're finding buyers on the other side And this is some volatility and we're right back here again Right, but look how it broke Right, and this is why we look at this uh structure And we look at these areas in the structure here And start to understand well, you know, it broke it But not by much Uh, and then it came back into the middle of the range here and almost to the other side of the range And this is where a lot of times we'll see it upended and we'll come back up into Here in 80 83 84 And then back up in here to the 88 level we were talking about And this one failed though and it came right back down Bounced then now we're back down to lows again Okay, so this this even even this though here Okay, we had the potential for the move, but you can you can still see it in the in the structure And it's not lying to us Hey Here Lower high lower high lower high lower high Lower low Lower low trending Okay back to trend Right, and we talked about it many times like we look for uh You stay with your position until you see something different and you could have captured all of this Okay, now look at the move and it's still it's still holding holding it here But this you know now we're going to we want to put context in here And this is the next context. It's volume Where is the volume trading within that structure is going to give us a lot of insight here Okay for potential moves back up to here. This has good potential now it broke this little structure here Great. I'm looking for them to take it now to 84 Okay here and test it See if they can test this area here pretty strong by volume. We I mean it's a pretty strong move And it tested this area here Now we want it. We want that extra context in here now. We want to look at the volume So let's turn on the volume within the structure Okay, well here strong volume strong by volume Okay up up into this area here Now we're looking for them again. This is like a pullback and in fact What kind of pullback is this guys? I know you know That's right low volume low volume pullback Okay, here's the high volume here Look at the selling Okay, look at look at look at it here Okay, look at that diversions In fact, where did it test to look at the pivot? Okay, I mean, you know, it's a little off maybe but you can see it right there as well the swing Okay, there's also another pivot kind of down here, but it didn't didn't test it Okay, now we're back up here Now what are we looking for up here at 82 83 82? Now we're looking for buyers up here And let's see if we're going to get another rotation Let's see if we get it and then we're looking for our buyers up here around yeah 81 and a half or so Yep, exactly. Now we're looking for our our high volume And now, you know, it might we might get sellers that trade through this this our pivot line here with high high selling high volume on the sell side Okay So far like we're we're kind of bouncing off of it here This is what creates ranges Okay, and in the in the market structure you can see the market structure very clearly here Okay, here here come our sellers, right? okay, now Let's see if they can continue and then we're looking for Back down to 72 We do have that one more little pivot to get through here Okay, back down to 72 And let's see if they can continue here now. This could be a double bottom here But uh, we're we're going to look for our sellers to try to push it through here All right starting to And let's see. Let's see them come down to about the 68 level here And yeah 60 66 65 etc All right, all right. So there we were looking at this Market structure and volume within the structure And we're looking at some of these pivot lines that we've been talking about Does this was some of that clear for you guys? especially you new guys And just these two alone in here do a pretty good job Uh of giving us some understanding where or not so much where price might go But if some of these are going to hold or break basically Because we can understand the volume within the structure All right, let me go back to youtube here because that that that's what I was trying to get to here Um with some of the questions. There's some newer traders in here Okay, il does that make some sense for you? I hope that gets it across Okay, kodi. I think I went through the um weather system here Roy m. Roy um go to the um the pricing page you're interested in book map that that's great So let me show you where uh go to this pricing page here And uh, uh, this is where to go. Okay click on um pricing that'll scroll you down here And then uh click down here Okay, there's a link down here if you want to side by side like look at the the different plans All right, so that that'll be helpful for you Hey bob um There is no time frame in here in book map We're looking at streaming best bid and offer you can see that in the timeline though These these vertical dotted lines kind of divvy up the chart Right now it's every two minutes, but if I zoom in here very closely, it's every five seconds now Right, so that's how you can kind of gauge it here There's another way of using these time slices. Okay, if we go to 60 minutes for example It's from every, you know, you can see we're every 15 minutes between each vertical dotted line But this whole view here is 60 minutes of sliding data a pure um 60 minute view here of market action All right, so that's how that that tool works here the time slice tool Uh another way you can do it is if you want to add your candlesticks on here Uh, and then you can also right click on your candlesticks and then go to You'll see you want to look at five minute candles. Okay Yeah, and then let's take a look at candlestick charts within uh within book map here. All right great I'm looking for them to test right up to 82 here Okay, look at the buying coming in Strong candle want to see them test up to this wick and I want to see if they can break it and test up to this wick And that would be this area up here. That was our 88 level that we were talking about before Hey, this looks good You know candlestick wise. I like it. Uh, just I'm just looking for the move to the top of the range here at 82 uh, and then uh, uh, and then I'd like to see the um buyers try to power through that on up to 88 Okay, now and what I like so much. I I I like looking at candles like uh, uh, what I like so much here is we have um uh We really have what makes up that candle. It's all in here between these five minute periods here Okay, so we're already up at 82 Okay, well, I'd take some off there. I'd put my stop uh to overall break even in this case. I think Uh, because I want it's going to be some back and forth in here and I'm I want it to come up to 88 here I want to see these buyers come in and power it on up to 88 Right, so I don't know in here was like, uh, we're at somewhere around 78 to 82 So four points. So my stop would be four points from break even so overall You know, I I I'd be out one leg and hold the next leg Okay, looking for this move to 88 and we're almost there now So, you know, that's another way of divvying up the chart And it's a way of looking at the the data here and understanding again. Look at look what this is what's happening in the candlestick here This is this is it. This is the truth Okay, but there's still another piece that's really missing here And because we have that we have the market structure created by best bid and offer Okay, you can see how the candlesticks like they disguise the market structure It's not giving um, really truth to it. It's it's it's hidden. Um, so uh So now now, you know, it makes my candlestick trading so much better By by reading this and understanding it's like, oh, okay Well, they want to come up and test this swing here Uh, and this this area here that we looked at earlier Which failed All right, and then we're looking for then we're looking for 88 and they we came kind of close. We came up to about 86 and a half And we still may get there Still looking for it And see how this pullback here so far it's bounced off the top of our 82 level here It might even bounce off of this level here Okay, so it's just a pullback right now All right, and so all right, so that's um Some of the candlesticks in here now the final element on this chart On the on the simplified and or the the default book map chart is the heat map Okay, so let's take the candlesticks off Let's clear our drawings And then let's put the um heat map back on and just use the dimmer here So now what are we showing in here? We have a complete picture because we have market structure We also have um volume within that structure. Okay, where the transactions are taking place And we know what type and where it's transacting precisely Uh, even your footprint chart or your market delta chart is going to like hide stuff because you're going to be looking at bars You're going to be looking at bars of volume Uh, you're not going to be able to see the nuances. Look at this reversal pattern down here You know broke the structure came back down into it. Okay, this failed it came back down and then it broke out And then we'd be looking for it to hold And see how it held here and then continued You're not going to see that and a lot of your candlestick chart or your um market delta charts You just won't Because it's aggregated so um, all right, so now Uh We have something else though this final element which is so helpful Look at all of this liquidity getting filled on the bid on the way down Okay, these are buyers And they're providing liquidity and they're getting filled. Look at the big red dots into this, um Uh limit the all these limit orders here high liquidity high liquidity high liquidity all all transacting Right now we're looking for buyers to come in and try to reach high liquidity on the offer And we're looking at 88. Well now we can even match it up a little bit better Okay 90 looks fantastic And then back to 4 000 as well right, so but just because you know, we're You know looking at these areas in here what we need to understand is the context Between these three elements And what we're looking at is first off the context is of the volume I'm sorry the market structure and then the volume within that structure And right now well, they don't seem to be too interested in this 90 right now Right. I don't see any buyers charging after it at all. In fact, it looks like they want to go for 75 right now Maybe after they trade in a 75 maybe we'll find buyers Okay, aggressive buyers green dots Okay, so there's 75 Okay, and they actually pulled a lot of that liquidity here. They did not want to buy So they can still reach down to 70 Okay, now interesting here. So look what we can read in here and get insight to look at the liquidity on the offer Are there buyers interested in this not yet? Not at all so looking for 70 See how we can even take off the volume here and just look at these two elements. Let's just read liquidity and price structure What's the reaction to liquidity in here All right, well if they're not going to go for this here and they're not interested in it They're going to go for this down here 70 69 There's another that's a five point move right off the bat right there All right, so now it's trading into that area right now. Are they interested now? Maybe a little bit more maybe a little more, you know, kind of in the middle here Now we're back up here. All right. Yeah, maybe we can reach back to 75 We didn't Okay, in fact, look at our structure here All we did was test the top of the structure And it failed and came back down into 70 and 69 here All right, so all right. So the next on on the offer it's up here and see how they're moving it down though It was at 73. Now they moved it down to 71 And are buyers interested? No, I don't see buyers coming in yet Anyway, you know, you don't have to do this during live market hours You can do this these exercises in replay mode and I would really highly recommend it Because in replay mode You can Let me show you where that is Go to our youtube channel and then scroll to the bottom here And go to features and components And then open up the playlist your view full playlist and i'm just going to open it up here and An incognito window here Okay, and then we're going to scroll down a little bit So this is where you'll find all these all these videos on how to use book map and how to connect like record your how to record your data Um during this your session and then replay it back First off, it's great for debriefing your trading Okay, it can record your trading activity as well And you can look at it and go why did I take that trade or like boy, that was great. I followed my plan etc And then let's take a look in here There's these replay or just do you can even do a search here for just control f and then look for replay Because my colleague kind of messed up the order in here All right here it is down here number video number 28 Okay, uh replay data mode There's a couple in here. Um, there's three actually Okay, here's another one video number 51 Okay video number 28 video 51 and video 18 All right Watch those. Um, that'll help you a lot Okay, and then let's just see what happened here So we're getting a nice little bounce off of here down at this kind of um area here You guys see the quick move again. Look look where that it powered through And look where it tested okay just by looking at market structure see the structure here And the test here Okay, this is where it powered through Bounced off of it came back up now it powered through this area here as well So this this is kind of a pivot our pivot line here Okay that we're looking at right here And we're looking at it actually earlier as well this kind of 73 74 area And it's still holding like uh as a pivot here Okay, now we're right back down to the bottom All right, let's see if we can hit liquidity here. It looks like they want to go for 65 to 63 and 62 And there we go. There's 65 And 64 Yeah 64 all right, and then it bounces All right But anyway, you guys can see how we can just even read it just by looking at how the The order book is providing that liquidity and what's the reaction by price action only Okay, look at the price action now. Look at that on the bid here at a higher level. They're going to go right for 80 here Okay, maybe they can push it through 80, but I'd just be looking for 80 for now Very strong movement out of that And look at this guy this guy came in and just disrupted that here Came in with very high liquidity in here just before 80 and look at look at price how it just kind of um Had enough look at the effect it had on price here Like we were going for 80 and then this guy came in right in here high liquidity right there And and now we're kind of the market. What is the the market reaction to that is it had to kind of Doesn't really know Okay, now it's kind of resuming its original trend And we're back up at 80 Okay, and let's see if they can continue here You know if it if it's strong buying up here. We don't have a volume on Uh, let's turn our volume dots on and get that kind of context though All right. Yeah, pretty good pretty good volume here. This is setting up nicely now We're looking to see we're already pulling back here We got to get back up here around the 79 level here Uh, and looking for those green volume dots to carry it through The the swing high here around 81 Okay, and then on up to like a next next one, which would be like 80 86 and then 90 All right guys, uh, let's uh Go through the the questions here quickly Uh, and I think I've kind of been spotty on the questions here or the answering In youtube Um, yeah vertical smoothing. I really like it. Uh, luke I I highly recommend it because you you'll take a look at some stocks for example that are higher priced Um, like maybe like we'll look at not amc, but game stop here Um, you can see how how nicely it starts to show these areas in here Let me show you if I don't have that on Uh, the the vertical smoothing Okay, if I have it on none, this is what it looks like All right, look how much you can get out of vertical smoothing All right, it really it it it's this kind of a Gaussian blur that really Highlights the areas of high liquidity in here. Okay. I really like it. I thought it was really intelligent and and from, um Our cto when he did that Okay, that will probably work pretty well for you Maybe in the futures though if you want to look at just the no vertical smoothing It's up to you Or bonds that you know, but on the higher price stuff. Yeah, I really highly recommend it uh book map programming language book map is um uh In java and javascript and you can create uh your own add-on indicators Hey, you'll find more on information on the website there under the more button Okay, kodi. You got some pillars of the market and the fifth element is time Um Yeah, actually, I I kind of disagree with that one to be honest and I I'm not trying to be confrontational in here Uh, uh, it's just that I don't think in the algorithmic environment here Time is really doesn't matter Uh, it is events that matter So the market the market and especially by algos is event driven. They just wait until there's events And that's why we're looking at them too Uh and scott pulsini. He looks for these market events and then reactions to them Good morning drew Tom confusion with the volume. I just keep coming. I think to these webinars You'll you'll be able to put these pieces together. Uh, it's pretty simple stuff Really and we'll go through many different scenarios here again and again uh taking profits and noticing profit taking is um That's how you get a lot of low volume pullbacks a lot in a lot of cases Okay, you'll you'll see some uh pullbacks to areas, but the the strong move is is a directional move It depends Yeah, luke. We're calling out micro scalps in some cases in some cases It depends on what the market gives us but uh, uh, I'd like to address that um in our education our educational course Uh, you know, I have uh an hour and a half to go through this webinar in here I'm gonna go through as many examples of order flow and what book map is showing us to apply it to the live forward looking at market So that you can learn more And the more examples we go through the better just like playing many poker hands. You're gonna get better Uh, if we're gonna look and and just kind of zoom out and look at like wait wait for a big move um And just say well, you know It we're looking forward to test, you know 4000 You know, yeah, sure But the there's not going to be much of a learning or there's not going to be much of To talk about for like half an hour Okay, so we're trying to go through as many as we can these markets are fractal Uh, and uh, you can look for the same thing over and over again on the higher time frames as well Okay All right, so, uh, I hope that addresses your uh some of your Comments in there Yeah, and you know, look, this is the s and p, you know, you you can make a living off of making two points Uh, uh a few times a day And we're getting like five point moves here God the last week or friday, I think we're getting like 10 point moves It was great Uh bob we can talk about the uh es2. Um later Um, that's the a new um at uh heat map pro product Yeah, it's it's pretty cool Guys, we just made an equal low here. So here you go luke. Um, look look for your mean reversion trade here luke Like uh now there's no guarantee on this at all like it it's like kind of starting to kind of Get interesting and the first test would be up here around 88 and 90 Okay on this buy side here See it coming in and we're looking for it Okay, so this would be a higher time frame move and we'd be looking for maybe back to 4 000 Maybe even back to vwap here Okay, but it's about the same stuff we just covered Again and again, but we're just looking at a higher time frame here Look at the market structure. See how we made an equal low. See how we're making a higher high now We're starting to break it now. We need to see follow through On the buy side. Maybe this fails comes back in and try to trace right back down here Hey, but we're seeing buy volume here. Great. All right. Well, let's see them charge up after some of this liquidity here All right, and higher time frame move is like, um, yeah back maybe back to about, you know, 4 000 First they got to get through this 90 area up here and then 4 000 Wealthy Pegasus, you're welcome. All right. Um, let's see here I think I'm caught up on the questions there Cody, let's see one more and I'd say during An event, uh, there is more manual manipulation Then the algo takes off in the intended direction And after the market was forced to sweep liquidity I mean, yeah, maybe I mean like, um It's It's kind of hard to visualize what you're talking about. I think, um Uh It's it's all contextual like our context here. Look at look at the the play here, uh You know addressing Luke's comment about Micro scalping which we're not really doing but Um, uh, you know when we talk about micro structures, you're talking about something very specific but here's the scenario we're looking at on a higher time frame And you already could take some profit on that one. It's not a trade recommendation But it's just learning from what we covered many times And now we're looking for this kind of mean reversion trade and we're looking for 4 000 All right, so there you go. There's an example in real time for a higher time frame And uh, let's see Tom Fletcher Being patient. Yeah, you got to wait for these events in these in the context. Um, I think uh, like like uh scott's webinar looking for the uh, uh high volume in a or large iceberg transaction or stop run and then he's looking at the Uh the order flow around that event. He's he's just being alerted that something interesting happened an event happened Yeah, and then and then taking it from there. Okay, so guys look at this. I mean like you know, you can't You know, we're not making this stuff up You know, look at that strong volume here. Where are they going to go with it? All right, if we're looking for them to continue All right, and we're looking for them to test up to 4 000 because that's where the liquidity is now trade trade management for this kind of stuff I like to get out before 4 000. That's up to you. You know, this might go back up to 15 up here Right in the VWAP You know, whatever But uh, uh, you know, this is playing out pretty nicely Okay, and you know, and as I mentioned, I'd like to take some partial profits in some of these other areas here, which is our 90 level looks pretty good Okay, we were looking at 88 previously But uh, because that's where liquidity was but 90 I like even better because of what? There's a pivot right there. Okay, our pivots are going to be a low volume note as well for your volume profile guys Okay So I would have taken some off there. It'd be sitting pretty and waiting for this to see if we can get follow through to 4 000 Yeah, I don't have any markets crashes, uh, carless to go through in here Lots of good questions guys. Um, so what? Let's see here Uh, I don't have too many details on the heat map pro razor Uh, they'll be coming out soon Uh, can I explain more about the the, um, uh, pivots? Yeah, I mean it's like kind of um You know, this is where we're looking for someone to take control above or below an area All right, so as you can see like uh, this this idea here And that still might play out it might be just bouncing off of this kind of pivot here at 80 And it still could come up to 4 000 but you know likely Depended how I played this in here. Uh, we were looking for the move around 80 on up 82 and then I think um, you know 88 or 90 And you know on a higher time frame like this like how do you want to manage it? You know, would you move your stop to break even would you take your all of your profit up here at 90? I wouldn't have I would have taken partial profit up here Uh, and then try to hold it for 4 000 Uh, and I try when on the higher time frames. This is trade management, but You know, we'll cover some of this on the higher time frames. You'll have to take a look at this Uh, and uh, uh, do your own Um back testing how do you want to manage this if you took some partial up here? Well, do you want this to be at overall break even and give it all back if it comes back down into the range here? Well, that's what you have to risk All right Uh, in that case like what I would have gotten stopped out of break even if I put my stop at break even likely what would have been I think been real close or probably would have been stopped out Okay, so I would have had a partial profit and that's that it didn't play out the bigger picture didn't play out Right or would you be in it around this 80 level here? Uh, and then you took you took 10 points. So now you can you can have your stop down here around 70 Okay, and if it comes back down in here You give it all back. You don't you don't you don't take a partial profit It's up to you You you got it. You got to you got to study you got to put it into your plan It's really really important to to to understand about that Um, more details razor on the uh, uh advanced or the heat map pro later. It's pretty cool though Build a filter the heat map in some unique ways guys. We got to go now. I I we're we're having and I'm I'm burning into his time Um, I want to show you something though We've we're we're finally there All right live trading session. Well, it's uh, I got to change the text in here. Um Streaming session here with tom be in youtube. We're going to do it today. We're going to test it He will be in discord, uh as well But we're going to be he's going to be on uh, youtube. Hopefully this goes really well And uh, uh, I can put the link in here to the chat for you guys. Okay Uh in youtube as well as in, um All right, here we go. All right, there you go. There is a link there in Uh discord and then also here Okay for you guys on youtube there you go Uh tom be he's going to be on uh in just a few minutes here Uh, we'll get him up and running on youtube and um So many can attend All right, that's the uh the goal here. So, uh, we had that cut off of 50 people in uh in discord, which was just a shame, but that's how it is. So we're uh over on youtube now All right guys, uh, let me uh, let's wrap it up here. Um, thanks for coming everybody We'll hopefully see you over with tom be in uh in just a few minutes If you like what you see here, please like this video subscribe to our channel That really helps us a lot and we continue with this Unjustify continuing with this kind of education for you guys All right, uh and uh comment please as well. Your comments are uh, uh most wanted Okay, thanks for coming and we'll catch up with you tomorrow with j-trader. Okay. Take care