 All right should hear me now at this point and welcome to the webinar everybody so the all right the What we'll go through today is the order flow in book map And we'll just look at the live market. There's not a lot going on today. It's the end of the year So last day of trading We'll see But we have other agenda to go through different things. I want to show you guys 7.5 alpha version of book map and Some other things and well, we're here for the live order flow. We'll see what we get all right 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 the risk disclosure trading futures equities and digital currencies involves a substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, so Let's go through Let's take a quick look here at the order flow And see what's going on looks like a nice Breakout here looks like a beautiful flag pattern here Rob. Look at this look at this looking for the breakout there it goes Okay, so we're now we're up to here already. Okay, 35 more or less and Yeah, we'll probably get a bit of a pause here at 35, but I'm still looking. This is looking good. I'm still looking for 36 37 here. Hey, here's your flag pattern right in front of us guys All right, so good to capture that at the open here and Looking for momentum still All right, so what we've already traded 35 looking for 36 looking for 37 right, so Look at the order book here guys This is really good stuff to see right off the bat and that's why we go through the live analysis in here we'll Take a quick Debrief of this as well here. I just still looking for the continuation here. No reason not to right Still looking good here So we're gonna get pullbacks. Hey, so we might get a pullback even you know as deep as 33 and a half here right but Now again, this is not trade recommendation. We're going through our setup in here And I here's a bit of a pullback right now now what we're looking for And we can even look at some technical analysis in here Hey is maybe where's where's there gonna be some support? Well, you can see them coming into the book here All right now And we can also look in some of these little pockets in here now again We're looking for our buyers up here. Do we get our buyers? Do they start to curl in up here? All right, so Let's take a look all this up. Okay. We're looking for our green dots up in here Okay, see how it has not auctioned off up here yet very much in terms of buyers Okay, so buyers aren't we're not ready yet not ready yet If this is our pullback right now, it can still pull back more Hey, so we're not ready yet for the for reloading on this one here Okay, so we need to get our buyers back up here Hey, this is part of the plan or the the now see look at the order book helping us look at the buyers Hey a little bit more and we should get the break out here There they are. Let's see them build here at 34 and three quarters and then we should get them move up Come on buyers. There's a little bit more a bit more Get the order book as well Okay, some selling just came in but it auctioned up here now. It didn't before okay So we're looking for a retest back up here looking for our buyers again and now our breakout Okay, the book is stacked here a little bit. You can see some on the offer in here There's a larger player here kind of holding the the you know the book down Or the on the offer Okay, and and the bid is is there's a little bit of a kind of leeway in here for it to come back down See see this see the larger players moving the book like this. Okay, this is this is that context We talk about okay, it auctioned up here. That's good. We're still looking for a retest back up here And then the breakout All right, so it didn't happen on this round Okay, so now here's our pullback. Okay, and let's see if we get our buyers come in now Down here if we don't okay, this is going to fail. It's gonna fail hard. Hey, yeah, here we go It's actually it's actually failing. Um, well, it gets still bounce off a point of control here. Okay It's a this is a Rob's a setup actually and This is the last gas blow here And a lot of times we'll just see sellers continue on through this area here but Anyway, we'll go through this again and why we were still looking for 30 set 36 37 Okay, and the order book looked good There was on the bid it looked great the We saw this in real time Here that once they started to kind of stack we got our auction. Okay first We didn't have it and we started to get our auction Okay, then we saw this book starting to stack. That's not really what we're looking for here In in real time. We started to see this this book in here these guys up in here We want to see them pull that liquidity. We want to see them actually pull it here and add it down here Maybe That is the setup And then then we're looking for the continuation Right, so it started an auction up here then the book kind of influenced things here. Okay now we're We we traded back down to the kind of last gas pier Or last area where we can still find some support and then a buyer's got to show up now and Yet again and then come back up here and get our break out Right, so let's see. This was a this is a pretty big sell-off here You can see the stop run you see the stop run to the upside you see the stop run to the downside All right, so anyway Tricky one here We had the order book on the bid. That's good The they were pulling a little bit in the area. We wanted to see it and they were adding in here Even though we got the auction starting the auction off up here With the buyers then the sellers came in Right. It was really the order book in here that gave us that that that insight and that clue All right, so a little tricky on that one But anyway the flag pattern or this continuation pattern we still had the We have the components here. We see the strong move at 930 the Pull back in here And then it's starting to you can see it starting to mount in here the buyers Breakout and then looking for the continuation now This one it didn't do it it failed halfway through you can manage your risk on these though, okay, don't get you know either if you didn't take profit on here and Maybe maybe you took a small loss if if you got involved in something like this You would take a small loss or you would be you would be moving your stop to break even after you this this started to break out because and There's reasons for that you can aggressively manage these this setup in here the reason being Is it should work now if it doesn't something is wrong? Right, we're look this a momentum trade. That's the beauty of a momentum trade Is you're looking for the strong move a pullback followed by a strong move Okay, if it doesn't do it you're out you look for the next one All right, so I hope that helps guys and You guys can understand What to look for and when it is working and when it starts to not work and then how to manage it right, so Anyway, we will go over it again and again and again Right now it's broken here It's come back down to the bottom of this range in here Who knows what it's going to do, but this pattern is broken Okay, it's actually broken here at this point a full retracement back to the top and it continued on lower We've just seen a lot of times. This is something that Rob has looked at a lot He he looks for or he has looked for I don't know if you still do this Rob or not I don't really like the setup to be honest It's the last kind of area in here the point of control is here And then you look for the last place for support here Okay, you did get a little bit of a bounce and then you see that they traded through it The sellers took it down not enough buyers at this point to come back up here All right, this is why I don't like this this pattern so much. Okay a lot of times it works though and a lot of times what you do what you see is this kind of move up through it does exactly this this kind of like a double top Trades back down here, and then what what you'll get is kind of a double bottom And then you'll get this move back up here pull back and then continuation something like that And it's very very typical So Anyway, it didn't it didn't do that at all as you guys can see has come down into bottom of these ranges in here anyway GH has a question here. So all the orders or futures options must go through and be shown in book map Well not options, but everything from the CME. Yeah, absolutely. It's being shown in here Okay, every single transaction Every single change in the order book is shown Okay, okay, I let me re-preface this or restate this from the data provider Okay, book map is the instrument here. The data is coming from rhythmic All right We like rhythmic data. We think it's very accurate and look what you can do for example Note the transactions down here. See the buyers coming in now, and then they should trade it up to here 31 or 32 here and On up even further. I think see if they can do that, but look at these transactions in here Okay, see these clusters of volume You can zoom in And we see that there's a couple trades in there. See now now we're down at Microsecond level. Okay, these are millions of seconds Okay, now that we're at nanosecond level. Okay, we're looking at billions of seconds here in the timeline Okay, so you see the timeline here. Okay, this was one transaction for five lots Okay, it's all in here now. I'll show you how this is so different than other products out there is You will see in between those those transactions see see over here this order book change here. Okay Yeah We kind of lost it a little bit here now in the heat map, but there was an order book change in here It's better here. Here's the last transaction Okay, next transaction took place here There's a price change of one tick and the order book updated in between it All right, you can even see an update in here as well This kind of gray ish heat map in here. In fact, we can Brighten it up a bit. There we go see the change there and also a change here, right so This is updated regardless of the transactions. This is not ticked data. This is just pure data coming in All right big big distinction between that and others All right, hope that answers your question Well hidden orders is something else hidden orders would be Your icebergs, okay Well for futures data, it is rhythmic data. We can look at stocks. It's DXV data and This is a lot more complex data It's not as centralized as the CME. Hey, you know, you have your You know different Electronic networks ECNs that you know, you've got your You know your NASDAQ your ARCA your you know EDJACs whatever it might be okay, so these are different data providers or You know different streams of data Okay, so you can also just get NASDAQ data for example if you want right so there's lots of different players So it's very different. It's a lot more complex That you can also get the national best bid and offer it will not show you depth data But but beyond the level one though. Okay, so this depth data in here That I am looking at here is from both. It's a combination of two different ECNs of NASDAQ and EDJACs okay from DX feed All right, that's very different than futures in futures here. It's just CME data very centralized Hey guys, we're still still looking for those buyers to come in here We we trade it down to this liquidity looks looks pretty good now And this is a mini flag pattern in here Rob. So You know, we talked about lower timeframes yesterday look at the book here look at our buyers here They should get the pop okay into 32 and then let's see if they can get to 33 Okay, now what we want to understand and this is going to be the next setup that we're going to go through Rob Is a reversal Okay, so we first need to get to 32 and it needs to break that structure here at 32 this high The next one is up here. The liquidity is already here in the book at 33 All right, so and then see them pulling that liquidity right now All we need is some aggressors and they can lift it up into 33 Okay, looking for the book to support it underneath here as well and you see some gaming coming in here No, so they pulled now. They're adding back in and we found a bit of sellers. So maybe a little bit of back and forth right now all right anyway guys, I keep mentioning Robin here today. I wanted to go over the Well, he's part of the bookmap Academy. He's also a moderator in the Discord room what I wanted to cover was the Event that we had yesterday. Hey, so this was part of the bookmap Academy Let me show you where you can find information about this if you go to book map calm. You'll see the annual sale here But and I'll cover that in just a minute, but go to the more button here and then go to bookmap Academy here Right if you want to join the Academy, we just had a meeting yesterday. We coach and mentor some of your Journalized trades. Hey, I can even show you where that is if we go here to YouTube. There's a recording of it Just underneath here Okay, where is it? Oh? And let's go to lives here And then here it is here. All right, so you guys can watch this about an hour long hour and eight minutes and oh You have to rewatch it Steven. Okay but anyway, um We are offering a special deal in here. That's what I want to cover. Okay, it's only for these bookmap Academy traders So it's the same deal that you can get from bookmap calm this end of year Deal here. Hey 30% off any annual subscription to bookmap And the big distinction in here is that you can get the annual deal And then join the bookmap Academy Hey, join it first and use this link that I'm going to provide you here in the in the chat Okay, so Let's see it looks like it looks like Dan put it in. Thanks guys. Thanks Dan so use use that that link in YouTube and What we What you will get is As a bookmap Academy member or current members, okay to the junior Academy. Okay that Get bookmap for the year get the 30% off You know and then continue to come to the bookmap Academy meetings and and partake in the bookmap Academy or junior Academy here And then you're gonna get your your training and coaching for free Okay, we'll go over your content. We'll give you feedback on it build your trading journal develop and discover new strategies and the goal here is it's kind of like a think of it like a gym membership in here that Maybe you have your goal in 2024 to become a profitable trader or maybe your goal is to meet a specific threshold of profit Okay, well get bookmap for the year come and get coached in the bookmap junior Academy And then what the the deal here is that in the bookmap Academy if you do well in the junior Academy You will graduate from there and you will be then a member in the bookmap Academy and you can get bookmap for free now if you get that dirt throughout the year we will Pro rate the rest of your subscription value for bookmap add-ons for free okay, well, it's not free you paid for it, but Basically, you got bookmap for free now you can get more you get the add-ons like MBO bundle or whatever it is that you want right, so That's that's the deal in here from the bookmap Academy. Hey, this is a great deal You know, you you'll get bookmap for the year get training as well comes with it here And then if you do well and you get bookmap for free for free will kick back the rest And pro rate it for other add-ons Right, so that's the deal. There's the link for you guys if you're interested in it then Yeah, take take advantage of it, right so Anyway, the the Academy also we get we give you We went through this presentation yesterday. You guys can see it. I'll put the link in there for you, but You get free add-ons also for testing The market polls trader map pro and the checklists in fact with there's a new update to the checklist that I need to Take a look at Anyway, just wanted to go through that deal for you guys And still kind of waiting for this market to turn around look at this Sellers is just back and forth back and forth in here. We did get up to that 32 And then that was it though, right? So this is where It's still looking good to me even better now for a breakout or a Reversal in this small time frame and a retest back to 32 and a half 33 liquidity up here Here's why okay, we'll go over the I'll have content for you guys for the Reversal soon, okay, but look at the selling coming in here Okay, so sellers in these areas in here sellers in these areas in here now. They're trading into high liquidity here Now we're starting to find buyers Okay, but we're still finding sellers is still back and forth here still finding buyers though to look at the sellers here Now we're finding our buyers now. We should get this Okay looking for it So we have buyers in here in it. This is what it takes and this is why reversals can be kind of tricky Is it is there's this back and forth in here? Okay, so, you know We're starting to look for that transition from sell side to buy side Okay, so we're getting a bit of a pullback here right now, but looking for the move back up here All right, it's neat and needs to break this now It's tested that 32 again. We need to break it now and we need to break it on strong buy volume All right, so anyway looking for that now. That's the scenario. We are looking for Hey, if we don't get that scenario It which is very possible Let's suppose we have this scenario this order book in here really lights up on the on the sell side Okay, we start to see auctioning down here of some pretty big sellers Then we're looking for The retest back down to the lows and maybe a break of the lows Okay, so this is the opposite scenario. Now which one is playing out? Hey To me it still looks like buy side One thing I don't like in here is there's still liquidity here at 32 And now it's starting to change now. It's now it's starting to shift and change I see a little bit more on the bid here and I see them starting to pull here now We're getting our buyers here. So we're looking for the breakout. It should it should We look for the move up into 33 here Okay, now we can also look at a measured move in here as well Okay, so how big is this move in here, right? Well, let's look for an equal move Here and then where might it go? Yeah, I mean 33 33 and a half maybe 34 Hey, look at the book getting our buyers Just looking for them to Step on the throttle here. Let's watch this here Okay, we might get sellers right we get sell it I'm we would need to see the sellers down here though at 30 and and a half Okay, then the breakdown And it's still still pulling for the for the breakout looks looks pretty good here Starting to curl back in Okay, yeah, all right buyers You've got it sellers looking for them to get out of the way pull that liquidity looking for the buyers to now Test up into these sellers up here buyers still on the bid. That's good Now this is where we read the the auction process in here. They're on the bid. What's the reaction to that? Do we get aggressors on the buy side so far so good? So in this auctioning here again now, we just need to see it slip up back up above into 33 You see it the process it takes takes a little while for it to kind of unfold especially reversals, that's why they can be tricky and You know, we can look at these these trend channels And look at the volume within it For example here. I mean sell side look at all of this here Right in it. There's a little bit of buying in here like we noted Hey, but still sell side here But we noted this in here Right and we noted this in here and we can also see it here in the bars and a little bit more here now one You know, here come the sellers are trying to You know move this market the opposite way here. So we got maybe some buyers on the hook here I'm not given up yet on these on these buyers here Okay, we're looking for a trap though now in terms of trade management. Maybe maybe you're out Okay, because what we need to see is buyers back up above 31 and a half now Okay, take the small, you know, a cut and Get out of this. Okay, because we need to get buyers back up above. Right. So this for example, that would have saved you right, so We're talking about some some trade management within here and in fact We got a retest back to here Okay, and we see look at the selling pick up So now we're actually looking for sellers that second scenario here So we got a small breakout in here. This is horrible price action small break out in here and Then it went back into the range in here and we see quite a bit of selling coming in now Okay, so it's looking like this reversal is going to fail Okay, so looking for sellers now here To press it down into this liquidity here at 28 and three quarters Okay, so here they are now. I'm looking for sellers the opposite scenario for them to drop it into 28 and three quarters Okay, and then we should see a stop run of these guys buying up in here Okay, so look we're not Something changed the order flow changed in here It was looking good for the reasons that we went through in here for this potential breakout Okay, we see that it was starting to round structure was broken here Okay structure was broken up here as well and here everything looking good Okay, and We had this lower higher lows higher highs and then it it failed Okay, so we got out it in hypothetically here. This is all hypothetical. This is not a trade recommendation Okay, we were looking for this to work and then the trade management side would have been get out and then get involved in the other side and then look for that move down to 28 and three quarters and then Yeah, maybe maybe more here too Okay, because if this doesn't work this one should Right understood. I know it's tricky and we all wanted to work out but This is what we saw in the order flow and it was looking good here and then it shifted and changed Okay, still take advantage of it though and go go to the other side Okay, you noted it in the volume within the structure and also the order flow within the structure Okay, the limit sell orders up here and the limit buy orders in here now Yeah, I would be taking some partial profit down here Okay, stop it would be at break even and then looking to see if I can get a runner out of this Where might it go? Well down to Low of the day here the cash session around this 2027 ish area down here All right, so this is a pretty good move. Whoa, look at that move. Okay, so there's a big big stop run All right, so I would take some profit on that one for sure and Yeah, someone just completely dumped and swept the order book here as you guys can see And you can see we'll go through this maybe for those of you new in here This is a nice order flow event in here Transaction Okay, we can get into the details of really what happened there and then why you'd want to take profit Immediately on on something like this. Okay, because it's a sweep Someone dumped it. We're still sell side or we're still looking for it to continue here, but after something like this We may get buyers back up above the 28 And we the market just handed us a nice little victory here So reduce some risk or get out or look for the next opportunity Okay, because one of the scenarios now is back up above here Okay, what if we start to see buyers back up above here? Okay after this big move here, okay, we know that this move here is a big stop run Okay, so that selling in here Was kicked off by a larger player and then there's a stop run Okay, and those people getting stopped out is basically it's exiting the market. It's not the Logic here is that they're not engaged in the market. They're not we're not looking for them to Have resistance here at this area We're looking for actually buyers to break back up above it here and then maybe trade back up into like 33 up here Okay, which was our original target earlier Okay, so that's why here right so it's kind of like empty orders in in essence if that makes sense All right Yeah, look at the bid again looks pretty good And let's see if we can get buyers back in here again nothing yet let's clear these drawings and Let's go through some of the details in here for those of you may be new to book map So this move in here Go through some details in here And we'll turn on our stops and icebergs on chart And actually we're just going to show stops Okay So this is a great example all right And also it's a good example of not only just a stop run in here It's also here the red line here the green the blue line here is iceberg Transactions a hidden order but transactions of those iceberg hidden orders from the CME native CME hidden orders and then the Not the synthetic ones right the the native to CME and then here we have the Stop run here. Okay, and we know the number here on the stop run is 415 transactions of stop orders Okay We know that that's just fact Right now what about these transactions up in here? Okay, see how they swept the order book. They took all the liquidity at each price level and went down one more Tick one more tick etc. Etc. Etc. Etc. This is one event in here And we know that because look at the best bid and offer updating afterwards Right so someone came in here and hit the sell button a Larger player hit the sell button there are stops within this whole area in here and They are they are basically slipped And they start to trans the stop orders transact after This larger player has his market sell has transacted After his market sell has swept the book taken all the liquidity it has gotten filled Then any other orders that are in here Start to transact they that are Like the stop orders in here like a stop loss order and that's how you get slipped Right, so we have the red line in here that shows you precisely when stops start to transact. It's right here at this 4825 and three quarters And then we start to see these transactions and look how now this is a cascading stop run Hey, these are all stops and they swept this price level here Went to the next one swept that went down to this one here and swept that So it went down from one two three four price levels here a full point of nothing But stops for four hundred fifteen stops Transactions right And and then the best bid and offer update And then look at this interesting stuff in here really interesting stuff Hi liquidity comes in on the offer Buyers take it on though and trade through it immediately So someone saw the opportunity in here after this and try to buy it right back up They ran into a big roadblock here, but they had enough buying power To trade right through it Okay, and right back up above it right so now let's see what happened to current price Did it did we get our move back up above this or are we back down here again? okay so here's what happened our scenario of of Potentially buyers breaking back up above here and then coming back up here didn't get the buyers It we're still in this whole cell zone in here Okay, so and it's just kind of trickling back you know down to to the swing low here Right, that's what's unfolded here in this market and Yeah, at this point here Let's take a look here Not seeing too much still still looking sell side basically No buyers here sellers are starting to auction here again. So looking for them to Hit the bid there they go Hey, maybe they can hit further into this liquidity down here Guys, let me get back to the question. Sorry. I've been kind of on a bit of a rant here See what you Have to say, you know, there's some other things to consider in here as well like consider This is the end of the year. This is the last day of trading So people are gonna unwind maybe some some pretty big dis potentially unwind some positions take some profits Etc mark to market and You know, maybe that's what we're starting to see here in some behavior. So it's been a great year In fact, let's take a look here at the S&P on a much much higher time frame All time highs looks like Is that right? Is that what you guys are seeing? I'm just looking at this on investing calm Yeah, all-time highs This was the high back in 2021 Is that what you get Jack? What did you have for? The all-time high here Previous all-time high Thanks, Jack really helping out and I'll we see you guys are just awesome Also Rob depends on is how it's adjusted. Yeah, that's true All right, I'll let Jack answer your question 41 50 is all-time high back adjusted is not all-time high. Okay Okay, thanks guys Yeah, I need I guess I need to look at the index here. Let me try that. I Yeah, I hate I hate using this Okay, here we go US 500. Okay. This is the index Okay. Yeah, not not there yet getting there It's a monthly pretty close Amazing anyway, um, all right. So All right guys. Well, we traded down to this liquidity down here now The sellers did hit the bid into this higher liquidity here boy. This was quite the trap up here We were really looking for this to work out We noted when it didn't though And then we're still looking for it to work out or we're looking for maybe that Potential reversal in here and it failed to And we noted that and then we're looking for the the move lower on this one as well That's why we go through the different scenarios. It's so important to go through it and having a bias I had a bias Well a slight bias To the to the upside Okay, but I also it was I covered the other scenario and that helped me If you go through the other scenario then I can Understand what that might look like and then take advantage of it. All right. So anyway Still hitting the bid looks like 4820s the next 4819 next area A lot of iceberg buying as well on the way up here Actually, I should take that back. It looks like there's a lot of iceberg buying there is not really It's like 500 or something. That's not a lot of icebergs So this is no, it's it's more like 800 Okay, this is negative 322 down here Okay, so And we can see the the move up here So, you know that put it in context in here We can use the on on chart again for icebergs show the icebergs here. Okay, so it's not a whole lot This is the biggest one. It looks like in here 300. Here's 190 But you know, they're accumulating Or maybe exiting we don't know that It's we just know their iceberg transactions native CME iceberg transactions They're getting a bit of a bounce here on the buy side and Hitting the bid hard again guys. I was just about to cover this. It's We want to look we've we've covered this for a long time. I just didn't see anything in the order book here That's why I didn't cover this Look for these little clusters in here these little pauses in here. Okay Like here Okay, and we're looking for pullbacks into those areas and then continuation. There we go continued again, okay, and Again looking for pullback and continuation here. Now. That's a nice stop run as well big one 384 Hey Now here again our scenarios in here Hey, we're still sell side and still unless we get that scenario of these buyers back up above it Okay, the book is starting to show something interesting. There's some buyers. Okay now buyers Let's see them lift this really quickly then back up to our areas here probably here 18 In a quarter or a 19 and a half or so Okay Right here come the buyers Now look at our little our little clusters in here and also Transactions into high liquidity. Okay. This is what creates the market structure right here Okay, these transactions in that liquidity here. Okay, so the first one we're looking for here right and then Let's see if we can get more buyers and then trade to the next one up here Okay, so the first one is just transacting now and look there's some liquidity there. Okay, so that would be a Place to consider taking some partial profit. Okay due to the market structure Hey, still still seeing buyers. Here's more liquidity on the bid here So we're still finding buyers and now we found some sellers And let's see if now they can reach back up to this 19 though these buyers Get these guys kind of on the ropes a bit and let's see if we can they can move it higher here Okay, the bid look at the bid is stacked there And what's the reaction? Okay. All right, we got some buyers. It's pretty pretty clear sailing if they can get up here now And this is what we didn't have earlier All right, so it's traded back to 19 and a half already Transacted there All right, let's look on the on the on the other side of some of these clusters in here as well It's some of the transactions on this move up. Okay. This is more a little bit more Microstructure it's not really microstructure but just a you know smaller areas here of Clusters of transactions in here Okay, so I would look Looking for some some some selling in here after moving up here not not seeing it So maybe this will be support here. It's traded through it looking for maybe a retest back down to it Support and then a maybe a move higher Hey So I'm somewhere in here pull back and then continuation See hey, it's the order book supporting it. Yeah, they're here a little bit Eeks As I'm using the the new beta version here or no alpha version of book map is 7.5 There's some new tools in here You might have noted the the crosshairs as well and the drawing tools if I hover over the drawing tools So we can cover some of that stuff So but there might be some some crashes in here. I just want to show you something in here like if I Select or hover over this note how it it kind of outlines the area over here in price pretty pretty nice so the Also, you see the Especially if I go into trade mode here you know I the Crosshairs will show That this is an active area here with a blue outline. Alright, so we got kind of a flip here We we didn't get the move higher after trading through this or we got up to here We didn't get the bounce here. We got the opposite. It traded through it. Okay, so looking forward now And we see the sellers come in Hey So some some good selling coming in I'm looking for a retest back to here though Okay, so there's 19 and a half or so It due to the market structure and due to this liquidity in here and this bounce here right And then we're we're just looking for the move back here and hopefully it's on lower volume And then we can look for a continuation down into this liquidity at 15 or 16 Yeah, I don't know if we're gonna get it It's like they're just gonna hit the bid right into it. All right hitting the bid a little bit of a pullback Some pretty good buy volume though Sellers a little bit of selling and let's see it sellers. Let's see you hit 15 here should be able to hit it 16 and 15 and a half Can stop runs? Good morning, David Also be viewed through the volume pressure widget on market polls Yeah, I mean kind of I mean you can assume that You don't need to to use market polls for that. I you know, you can just look at The transactions in these areas here You know, what's indicative of a stop run like this is this kind of activity is indicative of it And we don't always get it, but you're pretty sure this is gonna be a stop run And also here You know, you're gonna be pretty sure it's a stop run. So you don't you don't need volume pressure widget for that Okay, so look at this guys. So we got down here and then we're seeing this bid. It's kind of tricky day The bid is they totally shifted here. We found our buyers here. So our first test again is back up to this 19 and a half and That's it to begin with Maybe this also 20 and a half see where they dropped it here and there's liquidity there Right now if we're look at if and we see a lot of buyers coming in All right Well, let's look at little pockets in here where we can look for pullbacks and one would be right in here So and we see some liquidity coming in already So this would be a pullback area in here The bigger pullback would be way down here And well, you didn't get we didn't get the pullback either just buyers still coming in Jack thanks so much for answering all these questions and that Currencies why wouldn't I mean it depends on the markets That you like. I mean, it's like why would anyone trade bonds? You know, they they they like glacial moves a lot of times okay, so But you know, it's also it's a fantastic market The liquidity is just unbelievable And it's also a little bit more truer Instead of like seeing kind of finagling or you know spoofing type of activity type of stuff You get a lot less of that Bonds No, we can jump over to cl and take a look at crude oil for example You know or gold And it's so volatile and sometimes and you get these price whips and moves it doesn't make too much sense S&P's kind of in in the middle somewhere. All right guys. Well, so Looking for it now, this would be a bit of a pullback here So we're looking for let's see if we can get see that our buyers come in now again here Or if sellers are going to push it through into this lower liquidity. Okay, so here we go This is where we're looking for those buyers to come in up above here. Okay And look at our order book and the reaction Not we're not getting anything close to that. We're getting the opposite scenario. Okay, so we're trading into this area here and Yeah, this is interesting. Okay, so this is the pullback we were looking for earlier. Okay, and let's let's let's mark this up And and looking for some support in here and we do see some support in here Okay, now we're looking for the buyers to come in Okay, we got our support Now we're looking for the buyers to come in at this 19 and a quarter There they are and then here's the lift. Okay, so back up to the top here 20 and a half is what we're looking for Okay, and then that would be a place to consider some risk management And now these are small moves in here guys, but they don't have to be this is one of the things that we do in here is We go through these small moves, so This was where you would have taken some off in here at 20 if you could have you might not have gotten filled there Not a whole lot of orders up there transacting but in anyway These concepts and we just do these in real time as many times over as we can so that you get the training That's the reason Hey, then you can apply it to any time frame Right, so for example on this time frame here. Look at this bid amazing bid Okay, so what on this time frame then is this going to turn into reversal? you know it's starting to We're starting to see kind of a turnaround. Do we see the turnaround in volume here? Let's clear all our drawings here Do we see the turnaround in volume in here? not yet Okay, but Starting to see some buyers come in and they're gonna build this top edge here. We look for it to break And then the next swing would be here This At 20 21 and three quarters and then also this area up here 22 and three quarters Okay, here's our buyers Here's our break this bid is super strong and we noted that earlier And they're bidding up in these areas in here Mean reversion is is a little different than a reversal Rob I mean mean reversion what that's the definition would be looking for a Move back into some sort of average right, so Now that might be your point of control It might be your VWAP could be a moving average Maybe it's a volume cluster But you're looking at some sort of average or value area and you're looking for a price to go back and retest that area because It is not accepting outside of where it auctioned so if that's the case and there's no one willing to Either pull that market up or you know break it down Then you'll get people trading those outside edges back into some sort of mean Hey, how you define that mean is up to you most people use point of control VWAP as an example Right and what we were talking about is these and on some of these pullbacks in here is is precisely the same thing it would be like a You know back up to here right and these these transactions and what we're noting in here are these transactions in here Right, so in terms of a mean reversion You could also say it could be up here And there's a cluster here. There's a high volume node here And the point of control is way up here though Now let's turn on the point of control. There it is up here 32 Hey, hey, maybe on their higher time frame, maybe that's what you're looking for. Okay way up here Right. Is there any sort of other developing clusters in here that makes sense? Well, it's it's right where it is right now This is the next level of value right now. Maybe that for the day it turns into the high volume node Maybe you get the point of control move down here to a new cluster Hey so a Lot of things to consider the same concept though Rob, and this is why we go over this again and again Understand the concepts don't worry about the lines. There's just lines on a chart Hey, so understand the concepts though that this is a cluster. This was a previous value area before it broke down You're looking for if you get buyers in here you would look for a retest back to this area here Reversals are are totally different. You're looking for price to go one way Some back and forth and then price to go another way Okay, and this is more in line with Something like Wycoff talking about your your Accumulation phase followed by markup Followed by distribution Which could be another accumulation and maybe continuation, but you know the the traditional way is accumulation markup distribution mark down Right Okay, so we're trading trading into a pretty strong bid down here some of it pulled some of it transacted here Hey, these guys pulled in here And these guys transacted here at 18 and a half Okay, so we're getting our sellers again. They're coming back in Looking very poised to trade into this high liquidity in here. I'm shocked that it's not gonna the sellers didn't hit it Hey, well, this is our pullback here. Let's see if they come in again Okay, looking for sellers right here at 18 Okay, we're looking for exhaustion on the buy side here Looking for our sellers here at 18. There they are. Okay sellers now Let's there it is auctions again. They should be able to dump it right into 16 and a half Okay, let's look at the auction down here. We have an iceberg absorbing only three So right in front of that high liquidity though, okay, it looks like they there we go. There's our sellers Okay, I'm still sell side here. Just got a pullback Hey, now we got to get our sellers again. Let's see if they can move it and Where might they move it to? Well, we're looking for I guess through this liquidity down to 15 maybe even 12 There we go There's 15 Hey, let's see if we can get a pullback right back to this cluster in here our 16 level Hey, there's our pullback. All right now. We're looking to see if we get more sellers here And we didn't we see buyers come in so this is this is a shift and a change right in here This is a potential trap volume in here And now we're looking for a squeeze to the upside And then we're looking for a move back up to swing up here at 18 and a half or 19 Looking for support here, and I'm not seeing it a support here at 16 Hey, very little selling. No starting to get a bit of buying Hey, all right more sellers here Let's let's take a look at this order book here, too Hard hard read at the moment. We're seeing some support in here and some buyers Maybe a bit of back and forth here for now Okay Let's see if the buyers are interested in this liquidity that doesn't look like they are Interesting they pulled All right sellers. You've got it now. Let's see it Okay, looking for continuation now We're below our area here that we just marked up buyers did not take control above it Hey looking for our sellers there they are Hey, and then looking for a continuation move And let's see if we can get to down to Maybe 12 a pullback immediately Okay double bottom here for lower the day. Let's take our line here and move it across Okay, so buyers above it or sellers below it Here come some sellers Not enough not enough yet Let's look at the book It is showing some interest and the offers up here at 17 and a half And there's our sellers. Okay sellers. Let's see you pull it away now Hit the bid and go into lower lows for the day. We have one iceberg down here still waiting Just got filled here Okay, where are the sellers and let's see you move it here sellers. Okay, there we go into 14 Quiddity here 14 and a half more on the offer Or on the offer sellers and let's see them sweep the book there they go. There's our sweep Hey, so still looking for our 12 Any other questions guys Jack? You've been a monster in here. Excellent. Great. Great job Alois is usually the he's also doing a great job every day. Alois nails it in here Thank you guys really really appreciate it Ron you want to you want to go through some market poll stuff. Sure. We can do that There's our pullback guys. All right, so and Looking still for it's getting interesting It's getting a little dicey or endearing to look at the bid and the offer, but still looking for sellers here Still sell side They're still in control, but we're getting you know two-way auction now more than before There we go. There's our 12 Okay, let's let's zoom out. Let's get our bigger picture approach here Got 12 hit 10 or 8 down here this liquidity and then obviously the figure down here You can see these guys have been lined up all day long. That's that's very typical 4800 or just in front of it and then some below it here as well Okay, so now you're longer time frame that That's your target Okay, we are now, you know clearly in in a marked down phase here And Looking for that continuation now. That's the higher time frame But you know many things happen through throughout that that time frame And if we just covered that then it would take forever to go through anything of meaning here in The all markets room right so that's why we go through these Many small moves in here and understand it and then you can apply it to your higher time frame Hey, your higher time frame would be like. Yeah, you know, you're in here your sell side Maybe your stop is back up here You know above or maybe around you know 23 or something like that this area up here safe and sound right And still looking for sellers to market down into these areas of low liquidity Okay, beautiful. There's our move into eight. Okay. Now, this is something to note in here And I want to bring this up Rob for not just Rob Steven and others in here But look how the markdown phase in here. This is something really important and why we went through in the learning center The continuation move It's so much easier Momentum move a continuation move Once you're in that markdown phase it continues. Now, there's always pullbacks. It's not always, you know So simple, but it is much easier And you can see that in and many smaller time frames though, you know We saw many different things happen in here potential reversals. They failed You know or other times there were small time frame reversals that did work But on a very small time frame, but we under once we start to understand some of the Market mechanics in here. What makes these markets work and and how they move? Then you can apply it to your higher time frames as well Rob regarding your your frustration from a new account It just it still sounds like You know, you're you don't have a Higher Probability setup studied back tested have some numbers around it and Then yeah, it's gonna be kind of frustrating and then once you do have this Yeah, Louise. It's not the best not the best time to start. You know timing is It's all about timing and trading Hey, so You know think think about that and when do you want to? You know get get involved into the markets Right because As Aloise is saying here, it's it's you know, the timing is is essential or it's not the best time to start but once My point here on a very small time frame is like, you know Once you get into that markdown phase or markup phase you can stick with it even here We've just gotten a pullback to this area in here right to that liquidity here now It's pretty good buying in here Maybe this does turn into reversal Hey, maybe hey, we don't know yet. It's still sell side here But we see quite a bit of buying coming in All right, so what we're looking for at is at these edges here and down here And we kind of expect a lot to happen in between here at the moment. Yeah, Yoka. This is very very typical on Usually you're fading that the trend and It's it's and it works against you and it's hard and then you don't get a lot of points. I would we cover it all the time in here so We've been covering it throughout this move in here on these pullbacks That's how to that's how to handle it Okay, or a tip a suggestion To take a look into it's a starting That process Okay, so look at this look at this pullback into this cluster here. All right, so for example Like buyers in this time frame are in control Hey, like there's there's actually it's kind of back and forth in here There's a lot of sellers in here, but look at the pullback to here and is it You know in this cluster in here and this liquidity here Okay, and you see buyers come back in and they I would look for them to trade right back up to this swing and maybe to the top of the Range here And so we got basically the pullback or the the buyers did support it and They they moved it just up to here though. That was it Okay, now on the higher time frame. This is what to look for the or a bit higher time frame Okay, can we get below that cluster on some cell volume? Okay, look at the order flow in the book to help us as well. What's the reaction to the liquidity? So here come our sellers now. Let's see that they should hit the bid pretty hard here down to here And down to 06 Okay, so there's have gotten below this area here Okay, now did how did they get below it here? And this this is where the there's you know different shades in here. This is not a whole lot of selling And so, you know, we really there's there's some good selling right there Hey, so now did that selling move the market? Well, look at this What did it just trade into a huge iceberg that just got filled actually fully executed for 235 And I thought it was gonna be like a thousand But only 235 Okay, so our sellers here we're being absorbed by this iceberg until there's just more selling pressure Okay, look at buyers trying to get back up above this little area here this little pivot And oh eight this this area here. Let's just mark this up even better. All right, so It's this liquidity here All right That's what we're looking for in our zone here Okay, liquidity on the bid liquidity on the bid again here as well Okay, they got filled you see the stop run through it And then then the buyers come back in and they support it here Okay, now are they supporting it here boy? They're fighting it. They're trying but we see sellers below it Okay, so this is the battle we want to we want to watch here and who's gonna win it here Here's come here come the sellers now, right? So sellers can they hit down to here at oh oh six and three quarters Yep, now they should and they're auctioning here should be able to hit it down to oh four or oh five here five Iceberg is in the way here 186 transacted already And there's our pullback to this cluster here And let's see now do we get sellers come back in again, and we're looking for sellers to move it back down to Six and then maybe through it to oh five here. All right sellers. Let's see it again down here at oh seven Oh, there they go. Okay. Let's see them hit it now into oh five. They got to get through that iceberg We don't know how much there they go. Okay, how much was behind that? We don't know until it transacts so another two thirty five now that's uncanny It's most likely the same guy over here another two for two thirty five same player Iceberg here iceberg down here. Okay. Our oh five has been hit and look at the reaction out of oh five liquidity As we just can't make this stuff up. All right. So now we know someone is accumulating So now the question is are we are we looking now for this the end of the mark down phase and the accumulation phase starting to begin Okay, understood Beautiful. Yeah, big bigger flag pattern in here. Let's take a look here from slow down And this is from the Learning Center as he mentions guys. I'll show you where that is but Here's our consolidation area here, right? our Steep move in here Hey, the measured move as well And then looking for another measured move after the pullback here now on the pullback in here Minor pullback less than 50% that's clearly makes it. Okay, and then the Relative volume in here. Okay, there was quite a bit of buying in here But if you look out on the bigger picture here now, it doesn't look so so much like so much in here Okay, and then we're looking for a sellers to curl back in in here This is this looks a little dicey to me to be honest All of that high liquidity in here now we saw that and we were actually this webinar started We were looking for that move higher in here. Oh God, I can't remember where it was. Um, no, maybe it was in here but the potential potential reversal nope We see the Different kind of variation of it in here high liquidity up on the bid here Usually we want to see it on the offer in here and we want to see it transact And then we want to see the sellers come in and then take it down So a different variation on it and Let me show you that new tool. We just updated it. So we have this tool the setups checklist and Exactly what they did But it was was just updated recently So we can look for these things you can grade them on the way down in this flag pattern Okay, here here we go again guys. So we're looking for our markdown phase continues We we got the pullback to that cluster Okay, that we drew that across in here and then we see the selling coming in Okay, not making this stuff up. We're still looking for the move into 4,800 Sellers still moving the market now that said You know typically These around the the figures the big big figures in here. There's kind of a lot of back and forth And a lot of times you'll see it come back up and test like high liquidity way up here at 12 or so and then and then finally You know kind of kind of shake everybody out. I've got everyone going short in here looking. Oh, of course, it's going to go into 4,800 and And then it doesn't they get trapped and then finally it does but We see it many many times right before hitting these big figures Okay, so let's look for it again here. This is the European close right now And we'll look for it looking for our buyers right in here around this 05 area here Okay, our clusters again. Look at the cluster here Just pull it across Hey 0405 there hey buyers above it and we'd look for the next one up to here 08 here come our buyers All right buyers. Let's see if you can break this on some pretty strong by volume There we go. Now buyers should be able to lift it right back up to 08 That's our next cluster and that we marked up a big one important one up here at 08 Let me show you also the The learning center and what slowdown is talking about in here go to book map calm and just click on education up here and You'll see the strategies and setups course in here We'll be adding more to it, but right now we have a flag continuation pattern And we start off with kind of continuation patterns in general They're talking about them And then we go through a very simple one. This is a flag and we go through it in A diagram form Then what it looks like in book map. How did I identify it in book map? Okay, so for example Start to mark it up Like here All right, this is what it looks like in book map And then we talk about the execution here and we start to go through the checklist That checklist here is the same as the checklist here All right, so you can use this tool to your advantage and go through this Checklist and grade it as you go through it. How how was the trap traders and consolidation? Area here would have that steep move. How was it was it on strong relative volume? Etc Great it you're looking for an eight or above And then you've got something for your setup Rob, that's actually something I forgot to mention yesterday as you were going through In that book map academy meeting as you were going through you were Looking for the The setup the flag pattern setup Use your checklist They go through that that should be burned into your mind All right, so for example if we take a look at I I just can't think of a better example Uh of looking at uh of slowdowns content here Every single time he he uh goes through and shows his um now he's going through some really interesting A trade management in here as well and Every time he's looking for his setup He has this in mind here. That's how powerful it is This is what's in mind This is what's unfolding in the market and he's looking for something like that to unfold And then he knows where to get in here's his uh, they're the peak above a swing And then he sees the seller starting to come in here. Let's just open this in the browser See it better And then he's looking for The seller starting to come in here. That's his entry. Here's a short here And then a possible Target down here at the end of the range. Okay bottom of the range here and then And then again like it looks like a Uh, you can see that slowdown now Uh has taken us much further Okay, so, uh, he's adding in now Right, so in his, um Uh evolution as a trader he was first looking for order flow phenomena And becoming focused it turned into his spring Uh his wyckhoff spring pattern Uh, and then now he's actually looking for managing this with multiple targets Scaling in scaling out Beautiful evolution It's it's just beautiful stuff Okay, one step at a time Get to the point where you look for something high probability and then Get really good at it And I look for it again and again It should be burned in your mind and the diagram what you're looking for Okay, so our buyers that came Um came back in here never made it back up here. So this is basically a pullback Okay sellers back in and still looking for them to hit into 4800 here Okay, so this is all we got out of it. Usually it's quite a bit bigger Pull back, uh, you know up to 12 or so something like that and in that still may unfold here Uh, we may see the buyers come back in here Okay, and retest back up to here Or this, uh, oh eight area here. All right. Let me see if there's any more questions in youtube um, and then uh wanted to cover this again so guys I encourage you, uh, I think this is a pretty good deal 30 off an annual subscription for your new years Uh Align this with your new year's resolutions uh, and then uh, uh, you know become a profitable trader in 2024 or meet a specific profit goal or threshold Get the deal Get the 30 off the annual be a part and take partake in the book map junior academy Uh, and then if you graduate to the book map academy That annual deal here. We will take the remainder of it You'll get book map for for free at in the book map academy. We'll take the remainder of that deal um, and then you can use it for book map add-ons or You know in just uh, uh, prorate it and use it for those Okay, so it's a great deal. It's a basically a win-win. I don't understand why if you want to, uh Uh, dedicate the time to becoming a more professional trader and meet some of your goals maybe for 2024 Uh, then this is a good opportunity Okay, we will coach you in the in the book map academy. I will give you uh, some mentorship in here, uh, and then uh, you've got book map for the year Already and then you've got the possibility To make it to book map academy and get the rest back For other add-ons Right, so we'll put that link into the chat for you once again. Uh, and um Hold on just a minute Okay, here you go That is the link Uh to use and then also in discord for you guys There you go. Yeah. Yeah. Thanks Dan. Um, all right Uh Oh shoot that didn't come out too well in Okay, so sorry. I disregard the link I put in there. Um Does that didn't work try this again Dan has the correct link Shoot, why didn't that? It broke Okay Try it again Dan, can you try that one more time in there? I don't know why my my link is not working Thank you. Thank you, sir Excellent All right guys. Well, good session Went through a lot of different things Uh, happy new year everybody. Um, I hope you Join the academy and take advantage of that deal And then we'll see you back in here. We're going to do weekly academy meetings To coach and go through your trade reviews Of your content on thursday afternoons at market close. Okay, so Yeah, thanks everybody. It was a great year And look forward to quite a bit more in 2024 Have a good new year. Take care. Bye. Bye