 All right, good morning traders and welcome to the Bookmap All Markets webinar. This is Bruce at bookmap. What we're going to go through today is Like we do every Monday Tuesday and Friday is Bruce is go through the live order flow and answer your questions look at any markets you guys want and Also go through strategies setups trading management etc So get your questions in. What do you want to take a look at? Good morning, now Louise etc if you're over in YouTube you may want to also come over into discord and partake in our community lots of stuff going on over here so let's Get started here. All right, so First the risk disclosure and then we're gonna jump right into the order flow and I've got a lot of things to cover With you guys today. So it should be good. We had non-farm earlier today And you can see the bullish activity that's occurring right now in the markets And I have a trade to go over with you guys as well So general disclosure all bookmap 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 it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's take a look here beautiful beautiful move into on the S&P E-mini futures product here To 4750 and still going here still going lots momentum in here lots of big volume in here as you guys can see and Yeah, it looks like it's gonna trade up into this 55 up here Look at the buying look at the power behind it 60s next Now, you know, that's just the current read right now and that's just shooting from the hip here You know, we're gonna get pullbacks It's gonna take a bit. We may even see tremendous selling coming in taking profit But we do know this right now. This is a really strong move This liquidity here didn't even really stop the markets It went through it. It kind of came back retested bounced off it and we're still finding buyers here therefore at This point in this context, we are still looking for the market to go into 55 and then to 60 Okay, as simple as that right now look at the order book supporting it underneath and what's the reaction? Buyers so we're still looking for buyers to continue here Okay And this is classic Order flow in here. What is the reaction to these? Limit buy orders at these higher levels here. See this see this unfolding and this is on You know a bit bit more zoomed out time frame So, yeah, we're just looking for The next level of liquidity 55 is already traded. We're looking for the next level, which would be up here at 60 Okay, so Now that's just the order flow reading and now secondly, but you know behind that Manage your trades manage your risk take some off at 55 Look for the continuation in here move your stop up to break even and therefore You know, you're looking for something certain to happen or more certain more higher probability to unfold and Then reduce your risk Okay, and then you can always add more risk if you see something unfold again Like maybe right here right now and now it's not a trade recommendation again But look at the order book and look at we're finding buyers So can they get can we get more buyers back up above this? 56 level here Okay, actually now we're starting to see some selling coming in Okay, so it's not over yet. We can still get buyers above it and we do Okay, now we're looking for our 60 level Right now. Let me see. I don't know if Rob's in here today. Let's take a quick look Rob there you are okay, um We've been talking a lot about momentum Rob and understanding some of these moves now This here is what we're leaning on. I want because you know, we had the bookmap Academy meeting yesterday we went over one of Rob's images and the image that we went over was showing a Period in the market that I thought was a difficult read Slowdown actually went over and I you know gave some really good feedback to you Rob so, you know, go I'm sure you went through it in detail, but anyway What what I had mentioned in here was more along the lines of this See all of this here That's what we're leaning on Okay, until we see something different Right now we see a little bit of a difference here right now actually Okay, so that's why we reduce the risk up here at 55 We're still looking for 60 And if you did get in, you know, I'm not it was not a recommendation Okay, but if you did get in at this 56 because we saw more buyers starting to come in Take your take your stop loss at break even here. Okay went up to like 58 or so It should have gone to 50 sellers came in the order book starts to Show more orders here on the on the offer. We don't know We're starting to see a lot of sellers come in Look at this whole move on the way up Hey, there's been this selling a little bit of selling here and a little bit of selling here There's a lot more selling here right, so Anyway, now you can always get back in now see see how we're starting to get those buyers again now I'm certainly looking forward to go to 60 All right, so what you wouldn't have lost any and then you're getting back in and you're looking for that higher probability To unfold. Okay, and then take your profit of it 60 Or at least reduce some risk at 60. All right, so we're starting to see though like Even the trend see how it broke here a Bit so it's still in an uptrend. It didn't make a lower high or lower low here so We're still seeing it, but we're starting to see some selling coming in too Right, and we're do reducing a risk along the way. So here again. This is not a surprise to see more sellers starting to come in right, so This is a really important point now this point Is exactly what we're talking about in if you go to our learning center? Let me show you you guys this if you go to book map calm And then you go to the more button here and go to the under resources go to the learning center here, okay? And in here we have a course that we're putting together. It's a work in progress. We have one Set up in here But in multiple videos a continuation pattern. It's a flag pattern in here The first one goes through it in diagram So you understand the concept and burn this into your memory This is what you're looking for And then the second one is being able to see that in Diagram form to now make the transition between that and then seeing it in book map and here it is here And then the next one the third one here is the most important is going over the execution Also having this list here Together of what you're looking for it's the same list that we offer also offer in book map here with this add-on it's free Development put it together quite quickly and It is setups checklist. Where is it? here it is right and Yeah, so again the concept is we're leaning on and grading these order flow elements in here Just like in the video from the learning center. Okay, so identifying trap traders for the breakout here and And And develop scenarios on what might unfold here. Okay, so now the next one and you can check them off as you go through them and then you can Also grade them in here, so I'm actually going to bypass this one because I I don't see too much of a trap There's some trap sellers in here, but this is a fundamental event. So it's different then Steep large price move with strong relative volume We definitely have that I would give this like a nine or even a 10 It's looking great here. It's super steep. It's super strong. Let's just give it a 10 a measured move Okay, so as you go through this you can see what I'm trying to get at is in here You are leaning on all of this previous Order flow in here to give you an edge And for you to take and you know higher likelihood For the trade to work out In your favor a by understanding the previous activity in here Okay, so a measured move for example, let's let's take a quick look And what I mean by this in here. Okay. Well, this is a pretty strong move here And let's edit this here. Hold on a minute So this is a pretty strong move. Okay. Well, how does it relate to another area in here? Well, this is even stronger Right, so this has got a lot of momentum. Look how it blaze through all of this high liquidity in here bounces off of it What was resistance is now support and we continue on up? Okay, so we're still looking for it to go higher until it doesn't and we started to note that slow down Starting to happen over here right in here Okay, that's selling that we noticed earlier. Okay, so we started to re-reduce some risk Now look at the selling coming in look at the selling coming in look at the buyers Compare that relative volume to the buyers look at the buyers here Hey buyers look pretty good up here. Um, you know at that point, but then a lot of selling came back in right, so anyway My point is here if you guys Instead of looking at the here and the now right away and then having some sort of expectations based on a pattern I think it's not doing you Um, it's doing a disservice. It's not helping you Instead what is helping more is being able to understand all of this previous activity to create a foundation and lean upon that For creating better decisions then look for your pattern Okay, it is more likely to play out All right, so that's the idea in here and that's what I wanted to cover with you All right, uh, let's continue on On a minute Yeah, the we had a great, um webinar yesterday with the book map junior academy You guys are interested in that. Let me show you where that is. It's on youtube Okay, hold on a minute Go to our youtube channel I just want to show this to you because uh We just had it yesterday. It's a live coaching and mentoring in here You might want to watch it just right on our home page there on youtube You can see it and then you can see us covering people's trades in here Okay, so we go through it. We coach them we give feedback on their Uh documentation and journalization of their trading activity Okay, if you guys are interested in this, it's really simple to sign up for it Go to bookmap.com Click on the more button go to book map academy and I can put this link into the chat for you as well All right So I'll put it in now Tube there you go Yeah, so just read through it. You'll you'll see what the program is all about Ask questions if you like right Okay, so let's come back in here and see what's going on now. All right. Well, we're seeing a reversal take place guys This is a beautiful reversal as well This is why up at 60 and you can see we just it looks like we just came shy of it. Let me take a quick look No We traded right into 60 and it did transact up here only 181 but it It did trade up here right into that high liquidity And then we don't see it afterwards Here you can see 213 contracts after that 120 Okay, so about a half of them traded there Okay, and then the sellers come in A little bit of back and forth in here buyers sellers A bit more selling a bit more buying now Understand again. This is why we cover these these strong moves. Look at the strong move here Compare it to some of these other moves in here. How does this look? Hey, the other strongest move in here is That's kind of comparable would be maybe this one In terms of volume, but this is even stronger. It looks to me quite a bit So what this is a shift away from an area in here And this is a this is what they they call moving away from from the inside out Okay, so what is a value area in the back and forth in here? Sellers come in and move it away from it and we don't come back Okay, they're moving it away from that is exploring other areas of to find And understand what is the value of the instrument at this point? Sellers have taken control of it until we find enough buyers to come in Okay, so look at the order book in here It's a great these are great examples today. It's giving us really good examples in here of order flow The move up through this high liquidity continue it on up and do high liquidity We see the sellers start to come in sellers come in It would have been better to see even a little bit more on the offer at lower areas You can see it a little bit in here It's not so distinct though, but look at this though Here note how we broke out from this range here and we see this little kind of back and forth And then and then the continuation look where buyers are lined up Okay, a lot of buyers are lined up Okay, so between 42 and a half on up to 45 and a half That's a lot. That's a lot of liquidity in here In the order book and they want to buy Okay, at least at this point it looks like they want to buy at a higher level Okay, and then now the context is starting to come into play here Well, do we find buyers like shy? Or sellers shy away from this area. Do we find buyers like going to move it away before they can get into this liquidity? Maybe this is just a low volume pullback and then we find sellers that are Looking to deal with the buyers down here Which and you would still be bullish If we can trade into this area and we start to see those buyers come back in All right, so a lot of good things in here. It's a lot of liquidity in here All right See if there's any questions Lucas you're looking at the sweeps. Okay So are you looking at Lucas? Are you looking at the sweeps indicator? Uh or market pulse sweeps or just the sweeps in general? We can add sweeps in here So here it is I'll put in automatic mode for now And then I'll see how it went from 50 to 205 here and then Uh, it is de-selected in here. This will change automatically Uh for the sweeps indicator Uh, however, you know, now I'm going to de-select it and it remains still at 205 Okay, so um, we'll wait until um We can look at the sweeps indicator on chart here, but we can also add it to market pulse. So let me let me know what you want to look at Uh, Lucas happy to go through it All right, guys. Well, anyway, you can see that a little bit of back and forth right now Uh, so some buyers starting to come in at this higher level here Uh, but we're unable to break above the 50 level here at this time. We're below 50 now Okay, now here here comes the retest Let's take a look at these buyers in here Okay, we're going to zoom in a little bit closer and looking for buyers up here around 50. Here they come All right. I'm looking for them to break this. They should be able to break this here We have buyers here. We have buyers here. They're coming back again We don't have many sellers here. So I'm looking for buyers to lift this now And this is this is kind of reading reading the order flow in here reading the auction And what do we see? All right, and where are they going to go? Well, probably up to about, uh, maybe 54 55 Look at them pull here on the offer I don't see them adding much in the order book here. We do see an an algo Looks like an ignition algo. Yeah, uh, no, actually I take that back This algo to me actually looks like uh, it transacted right here So this guy was probably caught. Um You know, he was short in those areas and he's probably trying to get out And um, uh, he chased the market that that algo kind of chased up here Okay, different than an ignition algo by understanding that Behavior in here Ignition algo is something that maybe tries to skew the order book In a manner that and they don't have any intent on getting filled So and if that's the case, well, then what is their goal? Well, it's probably to skew the order book Show demand on the bid and try to get people to you know to buy anyway, um Again guys, like do you do you understand? Let me know if you have any questions on this and this auction up here Hey, again still looking for another move back up to to about 55 here Okay, I would have taken some off here though At this 52 or 53 Because this is where the sellers came in and moved it lower Uh, and I then I may consider getting in more here. We'll see I don't see enough buyers in here yet Uh, and it would just be for a scalp up into 55 Okay, but I would still be in a position here. Uh, my stock would be moved up as well Okay, I'm just leaning on again this behavior in here Looking for the pop up into just a small area here and that's it right and reduce some risk Make sense You know if it makes sense Not many questions here today How many questions at all? Guys, let me know, uh Some I think some of you guys I don't know if you're in here today, but uh, you wanted to go over Uh, all right. They reached out and I I there was a few people. I know one recent one was about, um Covering the um Um What is it the strength indicator? In book map. Okay, there's our move up into 55 guys. So let's just let's check this out. This is uh, where? Um, uh, yeah, you know Yeah, I would I would take some off here. I think um And then maybe if we can get back up again and find buyers again look for 57, uh, but uh You know might as might as well take some off here. Uh, it traded up to this high liquidity up in here They did pull that away though. That's why I would consider staying in it Uh, the one thing that I don't like those is is the uh, and we covered stan covered this nicely yesterday, uh talking about the Uh liquidity, uh underneath in here. We want to see that skew of that order book A demand, uh in the order book underneath here. We want to see them pull on the offer and we want to see these buyers Aggressive buyers move that market higher And then we would target 56 57 Or 56 and a half and 57 That makes sense Okay, so then in hindsight that makes us look like a you know, brilliant Uh, we took some off here stop at breakeven. We're out Okay All right, so there's a a move from uh, uh about a five point move uh with some scaling out along the way All right, so that said, you know, I want to go over um A couple trays that uh, I took this morning uh, and uh Just you know, I have it here um in uh In book map and just um, it's kind of It was only for a brief time. So I wasn't in the market for very long Uh, and these are scalps Okay, kind of between uh between some meetings here, uh, but um Yeah, it starts down here Okay, and just go over some of the trade management Uh that uh, I was looking at in here Hey, so I want to go through my my decision process in here first off Do I have an edge? Okay, so Let's take a look in here. So we know that there's pretty strong buying coming in here Uh, and uh, uh, here's our non-farm over here the move to the downside and then we see this back and forth in here uh, and We see the move back up above here above the uh non-farm before the the data came out Uh, and then we see the pull back here now. I'm looking for another move and because of this here And the non-farm event let me mark it up Yeah, I'm not too sure If we're gonna get a A move I'm gonna make this smaller. Sorry Yeah, there we go Okay, uh, I'm not too sure Uh, you know, if if it's just gonna come back up in here, maybe maybe pierce this and then see heavy selling come back in right instead Yeah, because uh, we do have the strong buying in here and it did make it through We did get a pullback now. I'm looking for see see where these guys came in in here See this little kind of jag in the market. Uh, in fact, you can see it multiple places in here Here's the swing here, right? Uh, and then it broke up above and then kind of jagged down Uh, and then and then broke up above again I'm sorry. Let me let me go through that again Okay, so there's another little jag right in here There's there's also kind of one here, but uh, uh, this is what I was looking at was this little one in here Uh, and then that move up like this Okay, so I'm looking at this area here Okay around this 17 or so Uh, and then I know the pullback here. I know that there's more buyers here So I'm still looking for the continuation I see the sellers come in now. This is look at the selling compared to the buying though At the size of the dots and the and the strong move in here. Um, this is what I'm leaning on All right, so I start to look for buyers to start to come in Where are they starting to come in? All right, I'm looking for the order book to help support me now. I got in a little too early uh here And uh, uh, you know, I I was looking for the play right up to uh here just to begin with, you know, or maybe the swing here I only took a few ticks three ticks. I took some off Because I'm just I'm there's we can still get one more move back down to this level here Okay, so I'm not looking for much. I'm just looking for taking some off and then riding the rest uh, and um And I made a mistake in here a pretty pretty big one Uh, and uh, I want to cover this with you guys. Uh, so uh, so I Reduce some risk here. Uh, and the entry is not so great either Uh, reduce some risk here though Looking to you know, maybe take some uh off up here or looking for the the continuation and the break of that and and move higher here Uh, now I started to see this come in here this buying Pull back very few sellers in here buying again At this point here, I got in again All right, so I had my reasons I see the the the buying coming and I'm leaning on all this in here I'm looking for the move back up to this swing at least Okay, and uh, we got a double top in here when it almost, you know, pretty pretty quickly it went against me Uh, I I held it though I should have been stopped out at breakeven. I should have should have done that Uh, instead I held it thinking well, you know, look Uh, I I got my my stop down here or you know, that's where I want to get out Uh, I'll I'll stay in it. That is a mental error Uh, just take take the loss Uh, it's a small game And then uh, uh, you know take take the mix in that loss small loss as well Okay, it's not worth it Uh to hold in here. We have I have no reason to hold in here. There's no order book supporting it I'm seeing the sellers telling me here to get out Hey, it held and uh We see the buyers start to come back in so It you know, it ended up working out, but this is this is not a good idea Uh, so I'm scaling into it as it's going in my favor But then I'm holding as it's going against me in here. Okay, ultimately it worked out. I I I took another take profit up here uh, and Let's see I took That's that I do I took some Ah, ah, right, right. Okay. So this is what I did. Um And then I I sold here, uh as well Uh, but it was for more contracts Then what I had open so I was actually short at that point All right, so You know it was in with five here out with three Uh in with another five here Okay, one against me Came back up out for five. So I'm still holding Uh two And then it came back up here and what I did was I hit market sell for five So now I'm short three and I don't want to be short. So I took a small loss This isn't an error again with trade management. So pretty sloppy Uh, just want to go through, uh, the errors in here Uh, and uh, and some of the trade management, um It doesn't matter that it worked out here This was actually a great great trade uh here I think uh, I'll I'll go over this one next But uh, I want to cover some of the errors in here and this is all about trade management execution Okay, now I have my reasons for this this working out. That was still intact Okay, but leveraging that Set up in here with solid trade management is the key in execution And uh, there was some pretty sloppy, uh trade trade management in here Okay, we're going to cover this more and more and more and we're going to get really good at it Especially academy guys, uh, you guys are going to love it Okay, I can't wait to go over more and more of this with you So, uh, it's it's good stuff. Uh, and um It should help you optimize any strategy that you're trading. Okay now scaling in and scaling out is, um You know a little more advanced. Uh, it can really mess with your mind So to begin with it's all in all out for just The certain move that you're looking for and that's it. We can go over that and we will many times Alan if you're in here, that's what we've talked about for years Uh, just looking for your very specific move and then get out uh, so, uh So anyway, uh, uh this one in here. This was great. Uh, saw this unfolding here and Look again at the same concepts that we were just covering before so first off. Look at the sellers in here Very very quick move to the downside I'm flat at this point from here. So I'm in my mental state is great. I'm flat Uh, I see buyers trade up into here a lot of buying stops the market. I see more buying come back in here Uh, market does not go higher And then I look at the selling in here compared to the buying up here And then I'm seeing more buyers come in again This is the third attempt up here and I'm seeing buyers buyers buyers and I think there's even more over here Yeah, it's at the swing high and there's some in here as well. Not much This is not anything to speak of in here, but I'm seeing them pressing it here All right. So as soon as I see these buyers coming in I'm in and then the market gives this to me like a You know a little gift and and I'm out Okay, and that's it Right. I will take the measured move in here. I'm not looking for a whole lot. It just gave it to me very very quickly Okay, I have my high liquidity up in these areas. I'm out right now Ultimately you can see we retrace all the way back down here Uh Oh, yeah, a couple more little little scalps in here. These were actually during a meeting. Um, but Again, same idea, uh, if we're gonna pull back all the way back to here And I'm starting to see buyers come back in after the selling here I'm looking for a move. Yeah, maybe back up to about here just just to about here, you know Uh, not much more. Maybe maybe up to here Okay, so I scaled out some here Uh, and then scaled out some here I made another mistake in here with that same one. I hit market sell here When it was for I took off I was in five I took off three I still have two I hit market sell for five uh, and um it uh now now I'm uh, I'm I'm sorry Uh, god So I I have five on I took off Um, three I now my position is two Uh, and then here's another five here Uh, so I I just I just bought at that point because I was I was overly short here So that that was another trade mistake. So I took a two tick loss on that okay, so, um Another another error here mental error. Uh, so, uh, it's been a long week and uh another mental error. However This one was pretty clean and clear. Okay. This is all in all out Look how I know that there's buyers coming in. I know that we're still Seeing a lot of buying strength in here. I'm not looking for too much I'm just looking for the um The move up up to the top of the range in here. Okay, so it's a oh, I'm sorry So that that's what I was looking for earlier. This one here same idea though I'm just looking to go up to where these sellers came in And that's it Hey, because I know there's a lot of buying in here Bounces off of where those buyers came in and then where do those sellers come in on the downside here So I'm just looking for uh, you know a few ticks up to here Does this make sense? Slow down welcome So, uh, yeah, I just covered a whole bunch of uh, uh, trade management stuff slow down. Maybe you want to um, uh, look at in 2x during the Recording or something. I know you you really liked that before we covered the same same things The the trade management and decision making here Scaling is scaling out etc and and some errors some pretty some pretty big errors in here That I made Okay, so I wanted to oh you've been in here the whole time. Okay. Um, so I did want to cover that um so uh because This is where You may have had the right idea But you mess up on the trade execution So we have to get really tight with our trade execution And we have to become experts uh with trade execution Uh, and that's when it's going to be one of our goals moving forward this year Okay, so not not just having uh strategies and setups, but executing really well within those strategies and setups Okay, this is going to be what we're going to cover in the book map academy um Many times this year. Okay over a lot of trading Right, so, uh, hope you guys like that. Uh, I'm looking forward to it Uh, and uh should be uh pretty pretty, uh Uh pretty helpful for everybody I hope All right, so what did we miss in here? Uh, not much That high liquidity was never tested yet Uh, and we're kind of going in between a range in here where the sellers came in and dropped this quickly Right, so just just right here Okay, so market structure is now creating this profile here Uh, biggest weakness, you know, the the trade management Caesar It welcomes Caesar. Great to have you in great to have you in the uh, um book map academy and You know pleasure to to go over your uh content yesterday with slowdown slowdown to give you some really good feedback um So, uh, yeah, that's what the you know coaching and mentoring is all about Um, we've got some great coaches All right, so Now let's take a look at this in here. So, um, look at look at the buying starting to mount here I'm looking for them to retest it back up to about 55 here Okay, now and then we'll see if it can pick up here at 55 They were just about there. Hey, there it is. You know, see this is where the sellers came in This is where the little battle is going to shape up here. Now. What's the order book telling us not much It can easily come back down here Uh, and they can easily come back up into 57 58 Okay, now once we get up here We've auctioned up here. You can see it buyers and buyers Okay, and we're up here again and we're finding buyers Therefore I'm leaning on that We might get a pull back to here, but I'm leaning on this to work out and come up into 57 and 58 and Okay, because there's buying pressure in here it already pulled back Now we're looking for the move up again And this is you can see it's turned into a little bit of a battle zone in here But I'm looking for buyers to break it here And we don't have all of the pieces in this one. Uh, we don't have the order book yet So it's starting to kind of shape up a little bit. You see it blue ish here So we're looking for those. There we go. There's our buyers. Okay now look how see see how the order book We we get a skew in that book in here. We started to note that it's starting to shape up And then we get the skew here and we get our buyers at the same moment Okay, so now we trade it up into 57 Okay, now we're getting our pullback Uh, but uh, you know, that's why we're taking some off in some of these areas in here We're just looking for these moves up into those areas They reduce some risk now on this time frame during this webinar You can use the same concepts and ideas on much much higher time frames very same concepts Okay, here we come back up again. We're still finding buyers. Okay I'm I'm looking for these buyers up up here at 57 to break into 58 59 And 60 in here. Okay now we're getting our buyers. What about the order book? Not really You know, they're down here at uh 50 54 and a half Okay, so, you know, maybe a pullback to uh around this 55 and three quarters 55 and a half And here we go looking looking a little bit better in here We see them supporting it at a higher level in here Should get some buyers and they should be able to break this now See it Okay Do have our support Still getting some sellers Okay, and we got our little battle shaping up in here. They're on the offer at a lower level here now too There's our buyers Okay buyers, you've got it if you want No back to 55 and a half again up here looking for buyers here now. They should be able to break it Now they should be able to break it. Come on buyers. You got it. You've totally got it here And again, they've got it Okay, it took three rotations to break it. So, uh Yeah, anyway, uh a little little harder on the trade management on that one Your stop would have been down in here or maybe you're looking for a pullbacks into here Uh, we had that little bit of a battle in here. It wasn't there was kind of some moments in here where it wasn't too clear And here's why In here, it looked pretty good I would have loved to have seen these guys get out of the way up here at this, uh, 57 level And they they didn't uh, they stayed in the order, but we see some of it pulled in here See how it is orange and then it turned yellow So they pulled some uh, and then this was odd in here. Well, I don't know why we didn't see the uh, buyers come back in here after auctioning here a bit We pulled back uh into uh This kind of level in here where those buyers initiated the move again on a smaller time frame Does this make sense guys like see how we can see this in here on a smaller time frame? Uh as leaning on this move in here We got our pullback And then we get the buyers coming back in now I did not like seeing the offer showing more here at this lower level I was a little surprised to see the buyers take them on and then we pull back again And they should have been able to take it through at that point We pulled back again. We came back up again. We pulled back one more time And then we got up in here and we got our buyers Okay, so we got up to 58 Uh, and then sellers sellers came have come right back in again Okay, that's why we're taking these small moves in here. Uh, they are measured though for this time frame And we're not looking to knock it out of the park here All right, here's why Here's our here's our level in here Or our range I should say And here's our measured move Okay, take some off Okay, reduce the risk you can put your stop at break even you would have been stopped out here right And then that's it. You don't know you're looking for the next setup. It did this one didn't work out Okay, but your trade management worked out for you Oh, thanks, Doug. Uh, you're seeing some pretty high resistance And uh 47 20 On the spx Yeah, uh Guys if you if you aren't aware, um Doug uh, Doug plus he's uh He has a webinar daily at 130 East coast time In the afternoon and uh, Doug is an options expert Uh, it's pretty amazing what Doug has come up with. I'm amazed by it. I love it. He's looking at um uh, a very specific strategy that he developed uh using uh Gamma levels uh understanding uh, some of the options and how they are Relating to the order flow uh in uh in book map so uh Anyway, come come to that webinar. Uh, if you like Doug god, I don't even turn on the uh the mic in here if you like If you have anything to say If you anything you want me to take a look at um Okay, so let's take a look in here. Uh, let me know you a Doug um So the order flow starting to kind of shift and change a bit in here Uh, you can see Okay, see see the shift. This is this is we're they're not sellers aren't out of the woods yet Okay, but uh buyers can still come in up and up in here Right, uh and move this market Uh, however, this is this is a shift. I'm talking about Right here. Can you guys see that? Hey, we have buyers a lot of buyers, especially we can just go up to here at this point See all the bars see all the dots and then look at from this point over to here See all the sellers see all the dots Okay, there's more sellers coming in This is how we're going to start to spot order flow reversals and look at this On the offer at a lower area on the offer at lower areas in here Okay, starting to pull maybe on the bid On the offer again on the offer again What's the reaction context is finding sellers? Therefore we're looking for sellers to hit into this area of liquidity Hey, it's already done it All right, so now looking for maybe a brief pull back maybe back up to about here Okay, and then So sellers into here. Here's our pull back Okay, and now looking for sellers to come come again Uh and maybe trade back down to 51 and a half Okay, so now we're looking for sellers here at our 53 and a half Okay, there's some exhaustion. Let's see if we get our sellers And sellers should be able to move it No, not yet Okay, take one more leg one more shot back up it up to here. Well, we didn't quite get them Uh, we got some in here. We didn't quite get them at the lower level here Let's just zoom in We got a few Okay, that's surprising. Okay, so yeah got that one wrong um Buyers have moved it right back up into here Everything was looking pretty good in here for that second leg lower And The buyers have have come in Instead now this we've covered this a lot in here And this is where just take your loss on these Take, you know, it's only it's it's only a few few ticks of a loss in here uh And the reason being is this this is flipped. This is a a book flip basically Okay, you can see it's very visual in book map. This was resistance here Buyers have traded through that area And now what was resistance is now support Okay, see it here Hold on see it here from here Over to here And we actually kind of bounce off of that and we see the continuation move All right, so so this would be uh, this would have been like a small loss Right, the bigger loss would be missing this move in here Um, but I don't see a whole lot to lean on to be honest on that one This is this this is hard to kind of read that this was going to come in Fire here All right, we had this whole reversal kind of set up We see the selling starting to come out come in We're just looking for a retest back down into the swing here. Uh, basically There's some exhaustion sellers come in. Let's let's see if any sellers can hit back down to about 56 should be able to because of the lack of buying up here and let's see And our liquidity here Uh, maybe even down to 55 here because that's where we see that kind of book The liquidity is here at 56, but 55 is where we saw that kind of change right here Anyway guys, like again, like um, this is small time frames that we're going over But we're going over many instances of it So we can go over higher time frame stuff too. It's the same ideas and concepts though Uh, so uh, that's good But once we understand these concepts and have been kind of battle tested we can also just You know, you can kick back and you can look for those things to unfold This is a weird move, uh That uh, you know, we see the buyers coming back in up here Uh, there's no doubt it's been bullish today Uh from the news events however This is uh, you see this big pull back in here and then it just kind of grinds higher and grinds higher in here It's not Really picking up a lot of momentum in here Uh, we could get that right in here now. That's possible It's just uh, kind of a kind of a grind though right in here This move here. All right. I'm going to clear the drawings and let me know if you have any questions Uh, Rui, let's see here Yeah, you want to see trader map pro Okay, we can um We might be able to do that. It might be better to uh cover that in um In uh nasdaq. We'll see the difference there Okay. Yeah, we'll go over it. Uh, and then Billy, let's see Days when we up slowly. Yeah, it can be hard. Um But uh, you know, you're just kind of temper those expectations Uh, and then also look for your moves again Like, you know, there's there's reasons why measured moves work. Uh, and it's not it has nothing to do with fibs Uh, it has everything to do with a market breadth and You know, who's willing to auction at certain areas and they're just not willing to take it in, you know further areas Uh, so, you know, these moves are kind of, you know, you can see kind of equal here. We have one that's um Uh, not equal Hey, this one's going to be equal to these over here as well Uh, and then actually this one's getting starting to pick up a little more Uh, you know of a price change here Uh, so due to that Then maybe this one's going to be a little less And then maybe we're going to get a little bit more on the downside here Uh, and then come back down to about 50 You know one or or or 52 down here Right just due to understanding the the moves and where No traders are are willing to pay for higher prices or not Okay, all right. Let's jump over to Nasdaq. We'll go over this trader map pro, uh, quickly Okay, so the the nasdaq has shown this for for a while now um the uh One minute It's not showing it now Uh, interesting Well, if we zoom in here, I guess we'll probably see some of it here Uh, that that liquidity very close to price Yeah, there it is. Okay, so see this liquidity in here On the offer and then on the bid down here and here's current or here's here's the price action and see how it's just mirroring that Uh, but uh, you know Something like uh 10 10 points away or so Yeah 10 points away Uh, so uh on the on the bid here and then on the offer up here All right, so, you know, these are algos that are um, you know staying in the order book and and willing to Um continue to stay in the book until a certain area Unfolds and they will then um, they will not move away And you can start to see maybe traces of that in here Uh, and then uh, you can see this is maybe just a different player all together in here Uh, and uh provides liquidity in there. So, uh at a certain point. Yeah, they'll stay in the order book They'll get filled. Uh, they're not here just to you know Stay away from getting filled so You know, we look for those little areas Uh, now this can be really kind of disruptive in trying to read the order flow in book map Hey, we can still today's not bad because you see these areas of high very high liquidity that stay stay in the order book In here that are are giving us pretty good insight Okay, so for example Looking for these buyers to take these guys on here uh at 570 Uh, and then let's see. Did they how do we auction up here before not bad? Yeah, I would say we could we could break this here. It looks like we We already came back down tested the bottom of this range. We're seeing lots of buyers. So i'm looking for them to break it Uh, and then maybe they can trade up to about, uh 75 or 80 up here Okay, we can take a measured move of that as well and Take that Then move that up to about 80. It looks pretty good All right, let's see it buyers. There they are Uh, and then now we're looking for the mark-up period Okay, so, uh, that's for slowdown. Uh, he likes the uh Wycoff, uh, looks at a very specific Wycoff strategy Uh, that uh Is he's really become an expert in Okay with his uh Wycoff spring uh, and here what we're talking about is well Accumulation phase and in consolidation. Uh, and then, uh So basically, uh The market goes back and forth within an area Uh, and then it will Uh You'll you'll see accumulation in the area and then it breaks out Okay, and then it's mark-up phase. Uh, it's exploring higher prices Until it can't uh any longer Uh, and then once it can't Uh, then we start to see maybe distribution Unfold, uh, and then maybe we get a mark down phase at that point And maybe it's too high So, um, anyway, we're we're looking for the mark-up phase right now Uh here in the NASDAQ Hey, it's been in this, um accumulation mode in here Uh, and now we're looking for this kind of breakout Okay, so far so good Hey pull back Now how's the auction look up here Nothing yet. It's coming back up here. I just don't see a lot of buyers yet And not that's not good So another rotation I might even see sellers go through our breakout area now That is the case Get stopped out at break even Now consider it, uh, at least Okay, we we were looking for this move to unfold up into this 80 level up here Um, we didn't get there. We got up to 75 76 Yes, it is it's very safe to say a gh that, uh Um It is the market orders that move the market Yeah, the that's why they're called aggressors Uh and you know, there's a buyer for every seller But if there are more aggressive buyers They will trade into a liquidity to take all of that liquidity and that will match You know the matching engine and the exchange will match The buyers and the sellers However, if there are more, um Sellers for example, then buyers it will move to the next price level Hey, so, uh Yeah, that's uh What really what moves the market, uh, in fact, you might want to go to our knowledge base or I'm sorry learning center again here from bookmap.com More button learning center here, uh, and then you can go into the market mechanics course here And we go through all of that in the basics here Okay, we go over in diagram form again as well Uh so that you can understand Uh the concepts and then look at some real examples in here There's a diagram Yeah, here we go this kind of stuff All right, uh, thanks, even Excellent Hey, hey, there's there's slowdowns, uh spring example right there. Okay Yep, uh picture perfect Just great Look at this. How many of these have we seen guys? How many times have we seen exactly this? unbelievable It's fantastic Um, you know, there's something in here that I really like as well Uh, there's criteria remember how we're talking about all of this in here And then looking for something here to play out Okay for moving forward They were leaning on something and looking for this to be a foundation to build from Uh a higher likelihood of an outcome So this is where uh, you know, you see the sellers come back down break below the range. It totally rejects Buyers come in in here and this is where he's looking to enter And he's looking for his first target at the other side of the range Uh, and then maybe continuation Back on back up into These areas up here Beautiful stuff We had a few examples last night in the book map academy meeting about the Criteria okay, here it is in a diagram form. This is the criteria slowdowns looking for They etch this into your mind and into your memory Uh, and then you look for this to unfold and you know how to react when this scenario unfolds That's why we go through the scenarios So last night when we went through or Yesterday afternoon we went through criteria, uh of Crash f16 now he had he had it in a list form in text Okay, so in the in the Book map learning center, we have it in both here Okay in the strategies and setups we have it in the diagram form here Uh, and then what it looks like in book map and then here we have it also In text okay with your checklist. What are you looking for? Do you have this check? How good does it look great it? And that's when you can use this tool in here and boy this a round Really roundabout way of getting to where's our tool? Um, we'll get to the trader map pro now. I'm sorry about that Really went off on a tangent there Okay, and then this tool here Uh to go through your checklist. What are you looking for? All right, so, uh, anyway, yep, sorry about that Um That was Rui, I think right? See I talked about spread on trader map probe Don't recall that So Oh, yeah, I did. Yeah. Yeah. I know what you mean. Okay, so let's go to trader map pro in here and let's get rid of this kind of halo effect around, uh the uh current price or You know the best bid and offer So this is part of the book map MBO bundle Uh, and uh, it's right here. You get it for free where it's included We've added more and more value to the book map MBO bundle. This was one of them Uh, and it makes sense because this is it does require this kind of filtering does require Uh, market buy order data from rhythmic All right, so let's take a look here Uh, we'll create a a new one altogether And I'll show you the steps here. So first off we we, um, Select a nqh here. That's where What symbol we're looking at and then we add this the study here or the filter Okay, and then we're going to look in here. We're going to do, um, the, um Order change filter Okay, and then Show orders, uh only the orders that were changed or not changed Okay, now see how these orders in here Are change they're always changing right? They're changing they're moving because price moves and they change and they move along with it So we're going to filter for not changed Uh, and then we're going to look at, uh price Okay, that's it and we're going to press play Okay Now what trader map pro does Uh, is it opens up a whole new symbol here as you can see it up here? Hey, this is where we came from Now it opens up a new symbol here And this is our new symbol and our new heat map Okay, it's just loading and let's see what this heat map looks like Still still loading here See if we can get to some other questions along the way Uh futures versus stocks bap. Um, yeah, sure Uh, let's let's go over this trader map pro. But um, it's kind of similar. They're kind of related So it's a good time to cover that as well Uh guys, look at the look at the distinction here the difference Okay, so let me let me take this and uh, Show it here on the Show it here so Here Is and let's just link these together so they move together. So here's our our nasdaq over here Right, we see the um, uh the algos here changing in price. Look at the trader map pro in here We we've filtered them out because they changed in price now. We're looking for those that don't change They're staying in the order book Okay, I hope that helped you really Yeah, so I covered that why why um, not changed because these changed here We don't we don't want to see the ones that changed We want to see the ones that did not change Okay, it makes sense So, uh, giving us giving us some pretty good, um pretty good info in here Yeah, you can also, you know go by, um Other filters in here as well, uh, this one's pretty pretty simple and straightforward though So, uh, you know, here you go Now your nasdaq is a lot more useful They see how this area up in here see how they change or stayed they did not change They stayed in the order book and kind of see it in here a little bit, but uh, it's really apparent here Okay, uh, look at the look we're coming right back up in here Now if we get our buyers in here again And let's just move them in here Get our buyers in here see see we've just come up to where the sellers came in and we've we pulled back now And we pulled back again here. We got to get let's see if we get more buyers again right now right here around Uh, 572 There they are Is it enough? Not yet. Here we go. Let's see a retest. Ah, no nothing nothing. See that's why we have to zoom in a little bit here buyers Buyers at a lower area. That's not what we want to see. This is not what we want to see See how these guys like they're fighting it and then they'll get stopped out To the downside here Okay, so we're looking for them, but they have to overpower these guys here That's what we're looking for. Uh, not just a little bit of buying. We're looking for a lot more buying And then come back up in here and again a lot more buying Then we can come back up in these areas Okay, so now we've we've traded back down to uh our um Kind of where these buyers came back in a little bit of a kind of back and forth in here Okay, so okay, let's see if we can get them in here now Again back up here basically right here at this kind of uh five six or five seventy level No, not seeing them. Okay more sellers Sellers should be able to move it lower in that case Now we find some buyers Okay, now we're getting our buyers up here All right See if they can trap all of these sellers in here looking for a big big green dot. There we go Now let's see the buyers move it up to 72 And then maybe 75 up here Okay, so uh, we're kind of seeing that shift and change in here Okay back up and a bit more and we should get the break up into 75 For it A lot of buying there we go 75 is the target And we're back up and we're auctioning again. So we're still looking for 75 here And we could even go up to 78 and 80 that we were looking for earlier back up in here Be high for the day These nasaxi usually it just it will just go Uh, you don't get this back and forth like this Here we go All right, let's see that mark up phase now 75 takes them off And stopped at a break even Let's see Yeah, what your question here. Let's let's put trader map pro back into if we just close it there It'll come back into the main, uh, you know with the toolbar here. It'll it'll it'll populate back into the tabs here The spread that you're talking about Yeah, the spread will widen out Uh, depending on the filter that we're using Okay, so for example Let's go back to the nasdaq and let's add another Um, we'll create a new one in here Yeah, we'll add a new one You can go with an order size filter Or maybe order size. I like this one in here order size percentage Hey, so, uh Yeah, we we get the output here of like at 20 percent, you know, keep the order size above 40 Now this is this is going to affect the change or the spread in here Okay, no question about it All right, you're going to see, um, wherever there's 40 in the order book. That's where that spread is going to go Okay, so we we click play it opens up a new symbol over here and see how it says osf percentage order size filter percentage Okay, and we will see the spread now widen Okay, so it's only showing Where there's 40 or more in the order book. So there's 90 down here and there's 90 here so Clearly a larger player Uh, we're running right into that algo. Uh, that was 10 points away. In fact So this this is a pretty horrible filter. Uh, it's not helping us at all But anyway, you can see the spread in here If you don't like that, you know, you want to get rid of that spread. This is exactly what we don't don't want to see But uh, if you want to if you see how this the spread is synthetic now but We can add another. Um, there's another add on that can overcome that Um, and that is with the, uh, let's see here cross cross bbo Okay, and we're going to look at the cross bbo here from the nasdaq, um from rhythmic here Okay, uh, it's just populating now Okay, so we're going to have four bet or Two best, uh bids and two best offers Okay, and here they are Okay, so uh, here's one best offer here. Here's another one this darker red This darker green is one best bid and here's the other one down here Okay Uh gh, uh, no if so did you sign up for the book map academy? great, um just just um, uh Once you sign up you'll need i'll show you where to go Okay, so go to our discord channel Uh, and then uh, you'll see under book map academy. You have to scroll down Okay from the top here, uh, you'll see book map academy in here here. I'll put the link into the chat for you Uh, and then uh, you you click on this one here academy applicants because that's what you are you've just applied for it and then the first thing to do in here is uh, um request a spreadsheet in here All right, so i'm going to copy this link for you I'll put it into the chat for you Here you go And see if you see if you can get in Okay, you'll you'll it'll probably bring you into the community guidelines if you're brand new Uh, I mean first you have to have a discord account Uh, you'll have to sign up for discord, uh, and then use that link Um, you can always reach out to us and support Uh, and then uh, then request your spreadsheet in there. The reason we do that is that we need to first capture your um email From for the book map academy, uh, and then all our communication in the community and for the book map academy Is done in discord, so we need you also to might as well just uh, ask for the spreadsheet and discord and We'll give it to you there. We've captured your We know that your your email is related to your Discord, uh, and you you're set to go All right. Yeah, it's important And then starts filling out your spreadsheet Guys, I would I would really highly recommend like so we had a great meeting Yesterday went through a lot of stuff uh You may consider Get to get going uh, maybe today with a couple of uh But uh Images for your spreadsheet To mark up Okay, and paste the link into the spreadsheet and then also do it early next week because Our book map academy meeting is on thursday at market close So if you do it earlier, we can get it to the coaches. We can get it, uh, so they can give you feedback on it So that would be my Uh My comment or suggestion suggestion to you Hey, so Rui, I think I answered your question about this trader map pro Who's the demo demo trader in here? I I forget Oh, that's uh, that's steven. Okay. Hi steven All right guys. Well, anyway, this one's not helping as much. It was more for the demo in here We didn't demo any market polls guys. We'll do that next week. Uh, but um, You know the uh Market polls, uh, we've been demoing it a lot lately, so I thought we'd Take a little bit of a break and Go over the trader map pro Uh, and also some of the academy stuff that we went through Where this nasdaq's all over the place Look at this move And just could not get into uh 80 up here sellers coming in hand over fist here And moving that market lower And that's another reason why like, you know, we look for and try to read the order flowing here But and this is a really important concept that we also recover in that flag pattern Is start to understand trap traders where they are and then what their reactions are going to be So here, for example, this is where we saw the breakout, right? Up up to the top of the range in here 75 take some off Uh looking for a poll back here. This is where I can understand. Um, maybe some Confute not only confusion but frustration with a flag pattern because we're looking for that to continue um The um, we did get an auction up here. We do we do see some buyers up in here Uh, not enough and we want to see them at the top of the range too And that's where they can break it and then What we get instead is heavy selling back down here Uh, they blaze right through this 63 area here this previous structural area in here Okay, in fact, if we zoom in here, this is how you you're going to see, you know, a low volume node in in here most likely Yeah, you do. I mean, there's a bunch of them. No um But um, and then the sellers really really picked it up here So they're going to move it away from this whole area in here Uh, and there's going to be huge stop runs to the downside here Okay, now this is on trader map pro for stops in icebergs. It will not work Uh, you need to have stops in icebergs here On the regular symbol Okay, the reason being is that we filtered the heat map We filtered out some of the stops in icebergs. You're not going to get a good reading anymore All right, so we can look at cvd or or something else All right, so just just note that stops in icebergs won't work On your filtered trader map pro Yeah, that move that breakout move that measured move that we're looking for up into 80. It failed once came back up and it failed again Uh, and then also at lower high in here. We see the buyers lower high though And then we see those sellers curl in here And really curl in down below the range here Anyway, good stuff. Good, uh, good to cover that trader map pro and and get a lot more out of it in here Uh useful, um a heat map for us Let's jump back over to the s and p All right, so this is kind of where we left off here. Remember Uh, kind of odd move, you know strong move, but uh, then the pullback and then this move was really kind of weird I thought uh, and then we we started to, um suggest that The selling moves were coming a little bit bigger Uh, and then we're looking for a selling move to be bigger here It it wasn't it actually took place a little bit later. It did one more retest here and then it took place Uh, and then we got back up in here and then it failed in here So we were on to something in here Uh, we started started to see that unfold in the market structure This is why market structure is so important and we want to understand the order flow within the market structure It is the order flow that makes up the market structure Okay, so uh when you guys are looking at Um any sort of indicator it is typically based off of The order flow of some some way shape or form It's usually time price and volume Or some sort of combination of it Doesn't have to be um, but a lot of times it is All right, so just keep that in mind. So like even like if you're looking at your point of control Note that that is made up of and and why it moves Uh from one area to another Uh is due to the transactions Okay, it becomes more of a value area that it more traded level and then you'll see that move So when it when it moves it gives you insight that wow, okay There was some trading. Let's suppose that let's just add it in here Okay, so uh, there was some trading uh Here is a good example A lot a lot of traders down in this area down here Uh earlier Hey, even though price kept on going back up This was the most traded level at that time Until it started to go back and forth up in here in a consolidation Then we got to move up Now this is bullish Right, this was a most traded level now as most trade level is higher Okay, by far the most traded level And it's still kind of uh creeping up in here and you know that would suggest uh, You know higher prices in general I'm a little bit a little bit on the downside here, but it's still still trading Uh, so this is bullish Right, so now it depends on how you want to trade, you know, you're if if you use lines like this as your market structure Okay, well you have something here Okay, now we want the order flow or the traders of the behavior in here to tell us That we're going to come back up here and retest this most traded level And we have high liquidity here. This is great. We've been watching this high liquidity the entire session All right now we haven't even traded into it. Well, maybe we will now Okay, so uh, we're also looking for Again another market structure. Look at this small profile in here most traded levels right here Okay around just built just below 50 Okay, we're just tapping it right now Scenario to understand and go through how will we react if we get big green dots up here Okay, we see a skew in the order book Underneath Maybe this liquidity gets tired of waiting in here. Maybe they pull and add up here We get big green dots Well, it's looking pretty good That we will at least trade up to 55 Again market structure Uh in order flow Using um in this case just going through a scenario with point of control I I find it. Yeah, I like it. I I just find it a little distracting for me I like to really understand Maybe this up here. I want to understand or this down here In a profile. I want to understand Okay, I I like to look at the swings mostly though Who's in who's in control and moves? I we we know that that really really strong buying and then like yeah, this was just odd as we noted So this pullback isn't um a surprise uh now It's a big question. We have the european close Just now Uh, we have high liquidity underneath and we haven't traded into it yet Okay, and are we getting our buyers into the area we're looking for? Not really Not really. They're making lower highs in here. That's not what we want to see Okay, so in fact scenario or maybe a trade opportunity potentially Could be if if the buyers can't make a higher high in here Watch this bottom edge here and look for sellers Okay, and then for them to trade into the high liquidity down here And let's see if we can get it here looking for those sellers looking for the order flow in here as well Uh, the offers at a lower area be great And let's see. So now again talk about accumulation and distribution. This is accumulation in here And we look for it to distribute out and and mark down uh to the uh high liquidity here I'm not seeing it yet. The scenario is not even close to unfolding. There's nothing there That's really telling us much What we're looking for it All right guys, well, thanks everybody for coming hit the like button if you can Uh, we're happy to go through this content for you uh, and uh, also happy to provide the Bookmap Academy if you're interested in in taking this further Uh, we'll let go through and and uh Give feedback on your images. Here we go. Here are sellers. Okay sellers. Let's see you move it here Not seeing the big big move big selling dots yet. There they are Okay, sellers should be able to move it into that high liquidity now and and note The fuel that they have here all of that accumulation in here Will be distributed down here In the mark down phase Hey pull back They pull back to where it broke from right back into the middle here And looking for again sellers to come in Okay So let's see if we can see them They got to be right in here right around this uh 47 and a half There's a few there they go More than that and let's see them mark it down here Okay, we didn't get through that point of control Looking for the sellers to drop this And meet the buyers down here Let's clear our drawings Not a whole lot of sellers here kind of exhausted out. Okay, so still looking for that scenario Just we've tested twice down here. We didn't find sellers. I don't like it Okay, again the traders are telling us Hey How many sellers are down here that they should be able to move it? We're not we're finding In and we're leaning on all of this in here Not enough buyers not enough buyers not enough buyers buyers up here. Just not enough Still a lower high here Equal lows here on very little selling So there here we go again. There's some exhaustion here come the sellers They ought to be able to move it they they're auctioning here. They should be able to explore Lower levels into high liquidity down in these levels here And this is the perfect time for them to move it right here Funny. I mean, we're we're seeing a move. It's just not with a lot of conviction here I'm really looking for a big we do see a stop run here It's just not that big I'm looking for a pretty big one Right into all of this liquidity in here I mean they've been waiting patiently the entire session And a lot more liquidity has come in since too here down at At 47 40 Is it safe to say large algos pretty much run the market and determine price? No, I wouldn't Uh, I the market's complex. It's filled with all sorts of different actors And I mean we have we've seen this and since the get-go since we ever Had stops and icebergs in here You know we can identify larger player activity with the icebergs However, we've never used it as a signal We've always used it as a confluence because there's so many other players Besides this is just one element within the players now. It's an important one But it's not everything Okay, even icebergs. It's not all of the icebergs. It's only cme native icebergs Okay, there's a lot of synthetic ones We are only able to show and display the transactions of the native cme icebergs Okay, and you can see how it it's pretty wonky You know, we've covered how to read it many times, especially this last week So I hope that you guys find that helpful Very specific questions from from various traders Boy, this is taking his time guys. So I'm just we're gonna call it quits here You know look for the looking still looking for that scenario to unfold. Um, it's We're starting to see buyers now start to come in too. So like it's Still looking for it, but like it's It's not as clear as it was I thought a little earlier But uh, anyway, it's still in play. That's for sure All right, guys. Well, thanks for coming everybody. Have a great weekend. Uh, hit the like button, please We'll cover more and more Content like this and we're happy to have you come into the bookmap academy and give you some coaching and feedback on your imagery so Hope to see you in there and then partake in the bookmap academy on thursday at market close Okay, thanks everybody. Have a good weekend. Bye. Bye