 Good morning traders. Can you hear me and see my screen if you can? Say yes in the good morning, Tom Morning bleemus and Alan Alright, okay guys. Well, welcome to the advanced education live trading webinar here On Fridays, we do the live analysis Monday Tuesday and Fridays 10 a.m with the goal of Applying what you've learned from the educational course so if you haven't Attended or you know watch the recordings of the educational course. It's online Login to the book map comm portal slash portal and you'll see it in there under education And we're going to go through the same course content here But in the live market so that you can apply what you've learned The whole goal here is to You know so you can you can see it in the live market you can see when these things unfold And then we have live trading two days a week from J trader and Scott Pulsini stocks trader and a futures trader a great one yesterday with Scott Pulsini The recording is up on YouTube. So I can show you that Where that is I can put the link into the chat here as well Let me bring it up here. Hold on Okay, how can you see what's happening where you guys can find this here? Hold on okay, so go to Bookmap comm slash YouTube and it'll redirect you here and then scroll down and it's underneath I put it both in selected webinars here as well as live streaming recordings as the same one and you can see here But you know, we're going to continue to add to the streaming one So the over time that will this will go kind of in the background But this one will stay here for longer until another one is added in All right, so that's where you can find it if you guys want to follow up and watch that some really good stuff I was pretty amazed like Scott was just on fire yesterday going through and getting some real insight to like, you know how someone of his caliber trades like Really really insightful to see like he's gonna just once he starts to leverage up Look out and this guy's gonna be an animal. Just a monster. I Just yeah, it's almost almost a little kind of nervous to think about how much size He's gonna start trading here pretty soon. So good morning, David. Good morning Fabio All right, so anyway, that's the live trading that comes with the education And we think it's you know, pretty robust and complete education that you're getting and now we also have Tom be streaming in His channel the the traders lab here. So I know you guys are well aware of that Keep an eye out for that Tom will likely, you know, he can stream when he likes So he'll likely come in, you know sometime after this webinar is finished And he's been streaming for like, I don't know three or four hours in there great stuff, so You know apply Let me go through the goal again here with these educational webinars. The goal is to provide this foundation And then other traders like Scott like J trader like Tom They're gonna trade the way or look at the markets the way that they like to look at the markets It is their way of trading or analysis and get insight from that Okay, different perspectives. So what we're building this community in here We want the education to be the foundation for you guys to build upon. All right. So anyway enough on all of that Let's go through some disclosures and let's look at the S&P And bigger picture as well General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the 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 jump in here looking at the S&P All sorts of volatility in here guys like look at this move up 830 a.m. Of course we had some news then but then continued on up 9 30 a.m. Look at it crater right back down to Where it kind of initiated this move to the upside? Before we get into some of the order flow in book map here I want to look at the bigger picture. All right, so we're gonna look at some candlestick charts here We have a daily on the left then we have a We have the Hourly and then the five minute. I think it is right now Which is fine. We can look at it. I usually have a 15 minute, but that's fine all right, well, let's take a look at this daily here and Yeah, I'm gonna have to I'm gonna have to add in some more bars in here. So Anyway, we see that you have the move down below all of this daily activity here Decisive move down below it and then you know, this is this idea here a concept that you know This decisive move lower Is exactly what we look at in the order flow as well. So this is all fractal So you'll note how you know, you'll see this kind of move and and you know like big volume As well as price movement together Right moving it away from a previous area here Right and now it's accepting lower now We'll get pullbacks and we get pullbacks to these areas where it broke from all the time Okay, so far we really haven't gotten much of that I think we did on maybe last Monday or something and we were looking for that pullback Back up into this area and and we got it and then we see the continuation here to the downside So I think this was Monday, right the this big wick here So for that one, we need to look at the more bars in here All right, so this this gives us a little more insight. So it was this area here and we were watching it Looking for you know, this this is where we had a lot of wicks and a massive move to the upside here back in October of 2021 and Yeah, see the wicks here see the spike down below it and then the move right back up and we can see other moves Back down to the low side here, but we're still kind of in this range here, basically Right this wick here is the rejection and then the move back up So as you guys can see, you know, we're we're just the last several days when like bashing back and forth in a pretty big range here from the low here around this 42 63 on up to mostly around 44 25 or so something like that So yeah, anyway, that's the the daily chart And I don't see any reason why like it wouldn't continue to just kind of chop back and forth here for right now We'll see when we get to some of these outer edges here But let's look at the hourly chart here and what's going on in in this chart Yeah, here's the move back down to this kind of 46 or 42 66 64 area something like that Move back up. So this one's Showing a bit more bearish activity in here because we got a lower high here and we have an equal low here Plus we see the move down Move back up and it breaks and then look at the even the retest here Just an hour ago or so right the retest back up to here and it failed So we don't we're not seeing buyers kind of up into this area here And we see the move back down Okay, so now the buyers are still they're still you can see the the current price action here in the hourly We're around this 43 12 or so 13 area. They're trying to move it back up Let's go back down into the the five minute chart now You know, we're just looking at zones We're looking at price action And we're looking at you know previous areas of of the auction and we're we're looking at Where it accepted and rejected and we're starting to understand some of these moves here on these higher time frames Then we're going to take some of these levels and then put them in the book map And then we're going to look about for the order flow around some of these important levels That's the what the exercise here So yeah, you can see even the moves down and some of these wicks down here Right where it kind of blasted out from at 8 30 this morning. Okay, and yeah, some of these moves back up and Yeah, so far now you see some sellers starting to come in So is this a pullback here in the bigger picture and then are we looking for sellers to start to come in? And then try to trade it right back down to this kind of forty two eighty Four or three area here. Let's take let's take a look in book map Okay, so yeah, here's our pullback And yeah, hold on a minute here and let's start to mark up some of our market structure here Okay, so we get a feel for some of these levels a little more in-depth feel for these levels here So we had you know an area here and we had this kind of a Breakout of it here And then they failed Okay, you can even see one here. This is where we retested so far. Okay, this this swing here So it's actually kind of three little little areas in there So anyway kind of kind of mum, you know You know mashed up in here Anyway the the structure here we have another structure that we're looking at here We see the break above it now the question is are we going to accept above it or are we going to come back into it? So let's take a look. All right. Well so far What was the move out of here like well not not bad, you know volume picked up You can see though like kind of overall There's more selling down at some of these levels here Then there is buying up above it here so far. So yeah keeping an eye out of what what this What this new structure is here is it going to fail back into the range here is it going to accept outside? We have high liquidity up here around 4315 and then also at 4,300 here Okay, so yeah, here come the buyers. All right. So now this is where the sellers dropped it from Okay, and yeah here come the buyers back up into this liquidity here Okay, not bad not bad Bind is not bad here. It's just not that convincing either to be honest Okay, so in fact, let's see if we can get a pullback right back down to this 4310 here Okay, just where it broke from and then let's see if we will go through the scenario here What if we get more sellers down here? Okay, if we get the more sellers down here Looks like they'll likely kind of come down back down and trade into this 4,300 here Okay, so that scenario is not playing out right now. You see that the bid is actually supporting the buyers here in the order book Okay, so let's see if and we're finding you know buyers here so Anyway Yeah, I don't know what I think of it yet. I'm not not too convinced. It's looking more convincing on the buy side here definitely Now now that I see them coming in here, so let's see if they can break this 43 13 or 15 on up into 20 Okay, that looks like the most likely scenario here. Look at the buying coming in So we're looking for the break here up into 4320 Okay, so we didn't really quite know what to think of this yet We're looking for the pullback we did get the pullback to 4310 and then we weren't quite too sure once they started to come back in here We're looking for it. We started to see some of that that buying in here. Okay, so anyway Pull back immediately already back to where these buyers came in here at 12 and we're still finding more buying here Okay, they did make a higher high. So we're still trending upwards And still looking for liquidity up here around this 4320 to fill All right. How does that? How does that fit in with a bigger picture here? Yeah, not bad There's a there's an area here that we kind of marked up And you can see we can draw a line across it here. So still looking for 4320 Okay, David. So you're answering a question there. Yep. All right. Let's see it buyers. Let's see you trade up into it here Okay, and that's it for now. We're just looking for that move Okay, nothing more. In fact, we can look for some some sort of activity to happen up here Maybe we see a lot of stops being triggered Maybe we see a sweep of the order book up above here And then then we'll after that event. So there we are at our 4320. Okay after this event Let's see what happens because This is the event we're looking for it to unfold and it already did What happens after this event is what we want to know now. So we might get sellers back down below 4320 And then we'd be looking for kind of return back down into the range here. Hey back down below. Well, 4317 Or so is where they kind of broke out from here So let's see if we get maybe a pullback to some of these areas here now we also like I Want to cover more a bit a bit more about the Low volume pullbacks that we covered the other day. I think this can be really helpful for you guys To start to understand some of these pullback areas here Okay, and yeah, so where would the pullback first pullback be it would be right around here It's already pulled back to this one. Okay. I'm looking for the next one down here around 23 A seller should be able to come in and hit it down to about 23 The next one after that would likely be down here around 20 Where we kind of we're looking for that target here To be reached Okay, so we're already down at 20 below 23. Let's see if they can hit it down into 20 Okay, and and at that point we're going to reassess again here. Look at that liquidity come in and The reaction to that liquidity was was buyers And even more so there's still look at that skew of the book there. This is this is an algo definitely pushing They're trying to get it higher here and They pull so this algo here it had no intent to trade and it's working though. Look at that Look at it still it's still going higher. Okay. Now we see something a little different See how that the sellers took the algo on or this the skew in the order book here What happens after this event? Do we see sellers below it or buyers above it because we found some sellers There's still buyers above it. Okay. These little areas can become like a pivot areas So let's mark it up and I'm gonna mark it up here with a just a starting the line right here We'll see how that unfolds All right looking for sellers below it here. We get ourselves blood there. They are not quite not quite Let's see it more sellers below it here and then a move back down to maybe 21 or our 20 level that we're looking at earlier All right sellers. Let's see you hit it. There's 23 looking for 20 21 or 20 Beautiful beautiful. All right. All right. So now we're back down into this level here And now we're gonna reassess again. Okay, so you also have a low volume node here. This is our 17 level This is where it broke out from Okay, and we're already there All right, I I imagine we're gonna get some some traders here that are gonna take some profits They're not Getting stopped. I imagine getting stopped out. Do I even have stops on here? Hold on a minute. Sorry about that All right. All right. So this low volume node is just getting run over here And sellers continue to come in they're gonna go for 43 10 Looks like the next one here Imagine down here. We should get some some covering And then and then a pullback to the upside back to about 17 or so Okay, so here we go Looking for 10 And this is definitely a low volume pullback Okay, and then now looking for sellers to come right back in and try to hit it down into 10 here a little back and forth and let's see if let's see if we can get seller our sellers in here on this rotation and No Okay, sellers there you go. Now they should be able to hit it and hit 10 We've got 11 and a quarter. That was it another pullback So we're starting to find some buying interest down here. Okay, and this in this level here interesting And let's zoom out a little bit makes sense. I mean, this is there's a little more volume that transacted in this little area here All right, let's get another rotation though. I still think we can go lower here Let's see 10. I mean, it would be nice to see a pullback all the way to the kind of 4302 or 4300 down here I don't see much liquidity there, but Anyway looking for Yeah, maybe yeah, yeah somewhere around this maybe 05 to begin with Also like 07 this is where that move kind of initiated here Is it starting to kind of turn into a consolidation period here? So it seems to be kind of value area at the moment Even with this buying above it look out if we can get our sellers here looking for the move back down to 10 Yeah, I like it. These guys are on the on the hook here If we can get that some selling down here, they should be able to hit down into 10 and maybe lower Maybe back down into our 05 area here that we're looking at Okay, well, we got a skew in the order book. They've pulled though. They pulled they had no intent to trade See sellers below it. Let's see it sellers. Let's see if you got it or not Are you interested in selling? Yeah, there we go. All right, so now that's not much selling though So I'm kind of careful here watching this. It's not so decisive We can get a move right back up into where we just dropped from up here at maybe 16 Okay, this seems to be kind of a you can see how this is establishing itself, you know a little bit of a value area is building out the the profile it's a Now we're getting our move though it we did get a pullback to about 15 not 16 Okay, now we're through 10 and on down 05 Yeah, I didn't like it even though like you see you see the move here And it's just it's just down to the kind of the bottom of the swing here This didn't look decisive. This looks more decisive here this this volume, but it's down below the level here I wanted to see it grow here and move outside of the level. I Don't like seeing it down here Okay, that is another low volume pullback. Definitely All right sellers should hit it again. They should be able to hit it should be able to hit 05 and maybe the figure here Okay, there's 05 they should be able to take it lower than 05 Okay, so anyway like boy. Sorry guys. I mean I've been like, you know trying to Analyze here in real time and and just Why is it going to some of these levels? Why do we think that this scenario is more likely for it to go to some of these levels? We'd have to kind of take a little bit of a break and go back and and not do live narration in here But we have our there are reasons why we're looking for it, you know, and that's the important part here it to understand like What what is it that is? Why we think more sellers might come in and Push it down into some of our levels here Okay, I'm still looking for 4,300 the figure one caveat is just this one right here We do you even drew our line here This is the swing and this is another swing here this little swing low So look for just to move down below that one and then we can get buyers that might might come in but Other than that, I'd be looking for yeah, 4,300 the figure to test Just I'd be careful around this kind of oh two and a half or oh three area here Okay, due to what what we just talked about all right, so the Let's watch this here All right looking for a failure looking for sellers right around oh seven or in a half See if we get sellers here at oh seven and a half and then we should get the move All right sellers. Let's see what you got and let's see if you can move it. Okay. We're down below that. So starting to sell careful here Like a not not trusting it right now We've moved down already pretty nicely. So we're gonna get some back and forth in here. It just wasn't decisive here We got some sellers here. Just not enough All right, so we got to move right back up All right, and let's see if this can fail and there we go All right sellers down and that let's see if they should be able to get down to this kind of oh six and then and then break it I think they got enough selling pressure in here. We guys take a look, you know, this is where the selling came in And we're looking for those low volume pullbacks and then continuation Hey, these low volume pullbacks are starting to turn into more more buy volume So this is how we start to see a potential reversal starting to shape up or take place. Hey, we're still bearish here Okay, overall, we're still bearish. We know that sellers are in control on this smaller time frame and We're looking for them to take it down below this kind of oh seven and a half or oh six area down here for the continuation into forty three hundred Hey, and we're looking for a rotation here To do that and here comes some selling Here I'd actually like to see one more spike back up above and then to reject and then see the selling come in and then push it down To forty three hundred. I don't know if we're gonna get that scenario or not. Looks like they're just gonna go for it right here We already had to move up a few times here, right? But notice the difference here like, you know, low volume pullbacks in these areas in here starting to see some buyers Starting to see a little more buying in some of these areas in the bars and also in the in the dots So this this zone in here starts a little look a little different as a little volume pullback It's kind of almost equal pullback So we're we can start to kind of look for The potential for a reversal to start to shape up. I still think we're going lower And then but we could get we could get some returns back into kind of this ten or eleven area here Okay, so this is the move we're looking for back down into forty three hundred. Okay We're already through the oh three or oh five. So that kind of below the swing here Is it's already we don't have to worry about that anymore. That's already through it and Now let's see down here Okay, trade it into forty three hundred Okay, our whole our high volume note is still way down here. So for the whole session that I have here This is the most traded level All right, so let's mark that one up to or I can I think I can put in there just the point of control Yeah All right So that's a yellow line here. Okay return to value here. Oh, what do you have there David? You're looking at a Head and shoulders pattern 16 on down. Oh, okay I'll know on my chart. Yeah. Yeah. Yeah, exactly. Exactly. You're your head and shoulders pattern No, look, you know, I want to go through what the head and shoulder I mean, you know done it many many times. So, you know, if you want me to skip it, I'll skip it But you know what we're looking at in the head and shoulders pattern is it's not so much about the pattern It's how the pattern is made and what the pattern means We have a name for it called ahead and shoulders, but I don't give a hoot about that What it what it means is we were uptrending and uptrending and then it Failed to uptrend and it went down below back into this previous range and went back and forth. That's your shoulder You didn't get we didn't get traders to take it back up To retest this area here So in essence, this also could be trap volume up here, but you know, in this case, I'm not I'm not sure We'd look for stops. Maybe the first stop run here. There's some some some of these traders that got it wrong That makes really good sense common sense right there But the rest of the move though, I think is new selling coming in Bringing it back down into these lower levels here. All right. So anyway, we see the flow change here Okay from upside to sellers coming in More sellers coming in we're looking for low volume pullbacks and selling can to continue We notice though like hmm some buying starting to come in here, right in this little area in this zone here We're still look still bearish, but we're starting to note that these aren't as decisive moves as it was in these areas here Okay, due to the volume within the structure, okay now we have You know that that's pretty pretty straightforward pretty clear We also look at the order book like here. We just filled tons of liquidity here at 4,300. That was the target And now we're back up into these previous levels that we were talking about earlier Okay, back up into our 12 level Okay, now we also have the potential for buyers to break out of this area and move it back up to maybe 17 or maybe 20 Okay, now, what's the order book look like? Well, they just came in here at 20 All right, let's see if buyers want to go for that liquidity at 20 looks like it You're almost at 17 already Okay, there's some front running right in front of it there you guys can see coming into the order book And they are supporting on the bid but not so much not yet 43 10. They're not so they're very hesitant down here Okay, now they're adding in a little bit See how hesitant they are. All right. So now we got it. All right, they should go for 20 Let's see it buyers should be able to hit it Okay, now our 20 level note the structure and the break of it I think we had something else over here, too. Yeah, and the break over here as well This is this is how we drew up our 20 line right here due to the structure over here It also matches with the move above it and below it here. So this is a good area to retest Okay, now it also happens to be a low volume node Even these low volume nodes high volume nodes. Why do they exist and? You know again I just I don't give a hoot about it being a high volume node or low volume node and that you're Supposed to short it or because it rejected here or whatever or it's a high volume node that is valued that it should come back into it Why look look at your patterns and your charts over here? And this is what defines this area here Just means that price shot down here after 930 and went back and forth here for a long time And the where it traded the most happens to be at this area down here and right around this 42 92 Okay, this is you know, I it's a Something I think is really important for at least it helped me tremendously Is to start to understand? What these things represent? Once you understand what they represent and then you can start to look at and you can kind of Pull it apart a bit and look at it in different ways With the order flow and the different scenarios that start to unfold in the order flow Okay, it's just like the the point here with CVD The point is very simple with CVD. Let's take stops and icebergs off for a moment You know Traders with CVD. They're like, oh, well, that's divergence. I should I should go the opposite direction No Not at all You don't you're not taking signals off of CVD You're understanding what's going on in the order flow and does this match With the order flow to give you a much clearer idea of what's going on with the CVD Does it does the CVD support the order flow? That's where you're gonna get the the the bang for your buck here It is the same concept with understanding profiles Okay, does the order flow match up with your profiles? Because if it doesn't your low volume node, they're gonna they're gonna Traders are gonna trade right through it. No problem and other Traders that don't understand some of these concepts They're gonna be lining up here buying and they're just gonna get completely run over And that will be the fuel to the move right back down to point of control or into this previous value area All right, so just Start to understand the order flow around These levels that make up the pattern and then This kind of gives out gives a whole new kind of perspective on some of your patterns All right, we've got some selling down here But in this little move here buyers took control right they took control from here on up And now they're we're gonna see if we get sellers below it here Are they gonna push through it? We can look at even look at this low volume node here Are they gonna push through it? Looking for it looking for them there they go Okay, so now let's see them continue to push on through back down to this this this previous value area, which we know is This this area here in the in the point of control down here 92 All right, let's take a look here All right, so sellers are in control in this move guys So from this point on or even look at look at some of the this point here Is is kind of up for up for grabs in fact this this area is a little bit different now Sellers did take control here. All right, we see the move I'm looking actually for a pullback to it right now Let's see I want to see them pull right back to this kind of 02 area here. I Know that's only a few points But I'll explain why in just a minute here And then maybe we can even get up to 05 here. This is the battleground right right in here Yeah, there's no decisive winner at this point right now Okay, I mean in the in the bigger picture world in this move We're looking for the move back down into you know 92 But I'm I'm looking for and I'll explain why in a minute. I'm looking for this pullback here Hey back up to the kind of 02 and then maybe 05 Now the order flow rules too. I have to be flexible here. That's what I'm looking for However, if I get sellers down here, it doesn't matter I think you know if they're gonna start to move it then this whole little idea for this pullback is is mute Okay, so you see how they're pulling at 92 or 02? So we got our move to 02 Still look I still think they got a little juice in here. They're gonna get up to 05 And hit this liquidity here at 05 Okay, careful. So again, this is the battleground right here If we get our sellers here, they're gonna take it And they're gonna take it pretty swiftly down to 02 or 90. I would say 90 Below point of control maybe maybe back down to 85 Okay, so our battleground here buyers are winning and looking for the move to 05 At 05 we'll reassess here and maybe we can get to 10 as well. Okay, there's our 05 transacting right now Maybe they can still push it a little bit higher. Maybe get to 10 Okay, so we're gonna talk about the order flow around this level Okay, and and what we're what we're looking at in here So I needed to kind of cover that that in real time. This was the battleground and it's right down here But and we can see, you know, we got the move we're looking for but but why let's let's cover that So there's there's 10 as well and that's a lot of buying That's 10. That's gonna be a nice stop run Yeah, beauty Well, it's not that many I shouldn't say What is it? negative four 300 or so somewhere around there not not bad not bad. Okay, we're even higher 15 Go back to 20 here. Let's zoom out. Well, let me let me cover it Why do you guys what do you guys think like what what what happened down here? The made us think that we we would get this move back up into 05 and then maybe 10. What do you what do you guys think? Okay, so we're talking about this zone here Anyone love to hear it love to hear it and this is how you'll learn accumulation kind of David not not not not really but It's more it's more about like who's in control and where and where like it kind of took control See spot is writing and Alan is writing you have a regression channel there. Okay, so you're looking at something a bigger picture spot Okay Yeah, I'm so so this is this is actually really nice point because Boy, look at this strong strong move on that buy side Okay, so we're finding quite a few buyers going right for it here going for 25 Now they have this is strong buying. I think we're going to go up to 30 here. Look at the distinction in the in the buying here Okay, but the first stop is the swing and we're almost there Okay, but I still think we can go to 30. These are easier moves to look for I once they start to unfold It is the the the train just you know keeps going a lot of the time So what we're looking for the continuation now what can be really helpful for looking for this continuation To unfold is look at some of the other correlated markets here. All right. Let's look at the Nasdaq How is it doing? Okay? What is it doing? Let me get rid of the stops or sweeps here Okay, yeah, Nasdaq heading to the upside as well What about the Russell? How's the Russell doing? Okay Russell is kind of behind All right, they got to get through this area here and they are they're starting to so yeah You know, we don't have quite the Russell going with us. So I I think we'll get up there to 30. Well, we're almost there It's just it's not going to be quite as clean as if if the Russell was then like this would be easy We'd probably get to 40. I think 3440 Let's see here Okay spot. So you got you've got? Okay, so Fabio the question was down in this zone here, like it just seems like such an easy Here, let me just use the drag tool if you guys don't use this tool. It's really helpful I find if you want to get more precise Click on this and then you kind of left click hold and drag within the specific area You want and then they'll put that within the chart range here. All right so Whoops don't want that if you if you don't exit the tool it does exactly what I just did You'll zoom in again, and but there's a quick way out is hit control Z And you'll go back to your previous view now here. I need to get out of this Because I'm if it's selected here You're still active it has a blue Square around it so you can hit escape. No, you can't you have to click on it And then we can that kind of scroll a little bit up in here and see it Okay, so the question was in this zone down here What is it that like kind of made us think that we would You know potentially get a move back up Just looking for retest back up into some of these previous areas. It turned into a reversal Because otherwise like this was such an easy easy call That like it should trade down to here. No problem like, you know the point of control and this is where it should go Right 92 is what we were saying 94 as well somewhere around there, and it didn't Okay, and we want to know why and The order flow will help us understand that so that was a question And all right, we'll come back to it in just a minute here. Let me just zoom out and see what's going on here Now you can see I I zoom out and right now I kind of filled filled around with things So I actually changed the re-centering. I want to show you guys how to re-center So right-click on the price ladder here, and you can see it's on re-centered none So it just means that you know, I go back to the current market. It's gonna go back to wherever, you know It'll go back to the right, but it's gonna go back to the area I'm in so I got to re-center it so I right-click on the price ladder, and then I'm gonna go back to auto Trades here. Okay, and there's our 30 level getting filled Okay, let's take a look at our Russell. How's our Russell doing? It's still going. It's still going How's the NASDAQ doing? And this is probably breaking out a lot stronger Not not so decisive. It's it is it's breaking out Or just about to It looks it looks pretty good. I think we'll get the breakout here Maybe up to 14 150 or for 200 here in NASDAQ That's like a 50 point move or more than that 70 point move God it's just a volatility is amazing And that's why we're going over the S&P so much here because we can it's moving moving nicely here So continuation still still looking for it a little little nervous on it, but still looking for it I mean we have no reason to think differently We still see the volume. They're still moving it. So we're looking for our 40 level next They're supporting it underneath here on at 30 Look at them try to boost it higher with liquidity here high in the bid and Sellers are kind of showing a little bit of interest now though, and they pulled and added lowered back down to 30 All right Okay, so yeah, David's okay. So you okay. I maybe I didn't pose the question quite right there We found some sellers guys, but so It's the reaction after this event now that we want to watch Buyers or sellers above it and we get our buyers above it were coming right back up We're not we're not getting them so far We're getting our sellers. So looking for this lower liquidity here Okay around 27 or so Not much not much of a move now We will go over higher timeframe moves if if you're new in here and you're and you're looking at You know things here in in bookmap And I'm covering so many different small moves in here Yeah, it's because like, you know We'll all only be covering it for maybe another, you know, 15 minutes or so and We need to go through as many examples as we can If we're looking for our higher timeframe move would be just kind of sitting back waiting and watching right and It would be it would be a very different kind of approach and We wouldn't be too much to go over so we'll go over as many examples as we can Right. So anyway, let's get back to answer the question here Let's see in Fabio says and buyers don't seem to be your volume Yeah, okay Yeah, well, let's let's zoom in here We'll get we'll get in here a little bit closer and and we'll look at the area here And and what gave us some some insight in the order flow in here Okay, so let me I'm gonna clear all the drawings guys just to make it easy here All right. So in this move lower Okay, this is where the sellers came in and started move it we can see the big red dot You can even see it up here, you know, they moved it here and it wasn't so decisive the decisive move was here Although this did, you know, except lower the entire time and in fact, this was a low volume pullback in here And we'll cover that maybe we'll cover that many more times in the in the in the future and near future But let's answer the question Here's the move lower. Okay, we have liquidity getting filled here But really the biggest volume that took place is down here Okay, or even in here, right? We can see it in the dots and the bars Okay, I have my bar setup. Let me show you my bar setup is just like my dots Okay, I have it as volume Delta and also have the smart clustering. I inherit it from my dots Just click on this button here Okay And that'll be the clustering Similar to my dots. All right. So now we know where the big volume took place This is where the sellers You know try to take control. It's down here And now that the move took the range took, you know from here on down Hey, but the most of the selling took place in here So this is really kind of a do or die area in here Right. So if we get sellers down below it Then we're really looking for that move into 92 and and below probably 90 or even back down into 85 Something like that, you know, these levels of liquidity not just not I don't see liquidity here at 92 So that might be very very likely just to hit 90 and then 85 right, but what happened was if These sellers in here can get upended By buyers coming in above that area and we'd be looking for the move back up to test These other areas First right and we're looking at 05 because that's where the liquidity is Okay, so it's this area down here is this cluster of selling now The entire move is this but the majority of it was here So this is really the kind of do or die area in here now if there was selling heavy selling from here on down Likely and we see that move all the time Right then likely We would maybe get kind of the pull back to about, you know somewhere again These areas here likely it wouldn't come back all the way back up And then we get the continuation of the move But here because we saw the selling down in here in these areas We're looking for buyers to maybe take it and retest it back up into these areas here We're looking for They because they can they they the selling is down here. It's not up here Right. So and get these guys on the run these sellers on the run All right, and and that's exactly what they did Traders were able to like, you know get it up here And then here's our stop run to the upside so the stop run happened more about about 10 and above All right This is I just this is something I just love love love about book map is you know We as I would assume without having the stops in icebergs. I would be looking for stops up above here Above the swing above 10. Okay. So if we go over here and there is you know But I'm always surprised To see where the the big stop runs take place and it's here actually at 10 And I wouldn't I wouldn't think that You know before the before the swing here So, yeah, I would think it would be above it and I would I would look for a big spike above it here But just the move to the liquidity is what I was looking for First the 05 and then 10 Okay, so that makes sense to you guys. Do you want me to you want me to cover that again? But understanding the volume and the location within the The range where is that volume I take place and then we're looking for the play On this area here. This is this is where the the battle is going to take place And we're watching it closely here. I Thought they'd move it here. They took one more more stab at it here and then the buyers came in So Anyway Okay, you want to go over it again, David? We can we can we can go over it. I mean, it's just it's really okay. Yeah Yeah, this is this is gonna be like Start to look at where these things are trading within these ranges This is really key to understand and also we know like on the way down here They're getting filled on the bid here, too. This is adding quite a bit to it as well. I haven't really covered that I mentioned it briefly here, but they're getting filled in here here also down here Okay on on the bid and we know that So but it was this these volume clusters down here all of the volumes taking place down here Okay, it didn't it you know it if we zoom out a little bit You can you can start to see it a maybe a little bit clearer Okay, so yeah, we're looking for the volume in in these clusters here And if we get buyers back up above it, we're looking for the move back up and that we're just looking for the move back up We're right now so they're still in control at this point Okay, once they start to get back up above 10 and and or we see the volume really starting to pick up in these Areas here. They're good. They're taking control All right, and you that's where we see that the market Structure change and shift and we're looking for Same idea of same concept down here, you know, we see all that selling in here Just think about it like if we get buyers back up above it. We should get the move back up And we should and I would imagine we see a stop run on the way back up, too And we do we do see some stop runs in here And these guys got duped and then they got stopped out here and this this we know for fact, too Okay, if we look at this did I cover that enough David for you? I'm not sure or any of you guys like Don't want to pick on you but like Just understanding this is being kind of the battleground in here because this these are where the transactions took place Okay, cool. All right, and because of that then we're looking to see if we can get on the other side of it and and Who's who's gonna take control around this battleground down here? Okay, our structure is this Okay, but we want to know what's going on in the in within the structure, right? Starting to really dive into it here And this was a nuance in here But boy, you know look for these things again and again ask these questions Who's in control and then where are they in control and if they're in control down here They're kind of on the edge here and they can they can easily be have it put to them All right, so this kind of turns into the battleground and that's what happened That's what unfolded here. Otherwise, we would have been looking for the simple straight move on down into 92 90 and 85 But we thought a little differently in here because of what we saw in here And then we're looking for the order flow to Support that once we kind of bounce off these areas. We start to see the buying coming in we're looking for the move Hey, like I said, I thought it would happen. Maybe in here Maybe even here maybe even in here and took one more stab at it and then we finally got the move All right, so now even under Transitioning off of this little battleground into look who's winning the battle Like this is this is great stuff because like this is where I think it's really easy trading Once we see that we know the buyers are in control like this the move up to 20 was kind of a no-brainer All right, and then maybe even 30 we mentioned now that would be it though, right? Did we get to 40 we even got to 40 my god Nice nice move now we started to also look at then and now if we zoom out Can you guys see what I'm talking about? Can you can you see where the? The buyers really came in and took control. Oh, thanks Fabio. Yeah. Yeah, I mean you you will do the same thing You will be reading these areas. You will be looking for these scenarios to possibly unfold And that's that's kind of a key I think Fabio is like look at where these scenarios might unfold or how they might unfold And we look for one thing or the other to trade or to happen and then You know it and we're just waiting and watching for those things to start to unfold Right now looking looking here I mean it's to me like I don't know what you guys feel But it looks really clear to me buyers coming in here and then look at buyers even above 20 my god Look at them coming in right now. We were a little careful up in these areas here We that's when we started to look at correlated markets And we're looking for a continuation because a lot of times we get these moves up into these areas and they kind of Peter out and it's like what happened, you know I got why what there's such strong volume and it's coming up into these areas Look at some of your other markets, you know, what how's the NASDAQ? How's NASDAQ behaving up in this area here? How's the Russell behaving up in the even the Russell still Russell still didn't do it In fact, it's it it's right back down So we don't really have the Russell on our side, but we definitely have the NASDAQ on our side Okay, based on that, you know, we start to see the Russell go down and we start to see maybe that the NQ go down Okay, we'd be looking for the S&P to follow All right. So anyway Yeah, the Yeah, pretty pretty clear move You know and and buyers in control taking it to a higher high here for it for the cash session Here's our 930 open. Here's that drive lower and then all is back and forth move back up back and forth again And then move back up How do I reset the zoom? Okay. I think And I'll get to your your Question David or no, I'm sorry. You're you're Answering somebody Okay, oh, you're talking about the educational course. Yeah. Yeah. Yeah. Yeah Okay, the Resetting the zoom as I'm zooming in and out really really quickly with my center mouse wheel And then if you want it, I'm using 7.3 version of book map Which means that if I just left-click in here and then start to drag the chart I can go back and forth in time Okay, I'm actually kind of at extents right there. So Anyway, so yeah, I left-click hold and drag it around now if I want to get back to Current market. I got to click on this button here in the lower right exit the drag mode And then I'll go back to current market Okay Okay, yeah, thanks Alan. All right. So anyway, so now we're really getting a kind of some of the nuances of order flow within some of these areas here And we saw a nice little move here. Now. We didn't know it's going to turn into this We're just looking for certain areas to start to trade Now in hindsight You can see all sorts of stuff and and it's like, oh, yeah, well, why didn't we see that earlier? And here it is You know we have market structure we have Yeah, this is kind of a no man's land here at 830 but then market structure market structure the break of it and Then structure again down here And then and then the break of it and retest back down into here which we were looking for Okay, and then we thought well if they can continue to go then they're gonna go back down a point of control And we didn't get there we saw something else in there and then we saw something unfold now Then we also have again here market structure and then breakout again Okay above above 25 ish And they're gonna go for 50 now. Look at look at the volume coming in here Right. We're looking for 50. Okay. We're at 44 and we're looking for 50 Okay, so what that's where the liquidity is All right, and look at the volume coming in so it looks pretty good. We should hit 50 All right, let's look at the Nasdaq Also, it looks good. How's the Russell doing looks great Russell's starting to Play along all right so higher probability move then We should get up to 50 All right, and let's take a look back here. We've kind of covered some nuances in the order flow looking at The order book where they're getting filled on the bid and then we're looking for that where that volume traded down here and then For some pullbacks due to that and actually turned it to a much bigger move But we didn't know that but once we started to see that volume unfold. It's like whoa, okay this is going to 20 and then and maybe even 30 and Heck now we're about almost at 50. Okay, but you know This is where I think it's really kind of key is When reading the order flow going through these different scenarios and being objective about it because the more objective you can be about it The easier it is to make a transition And say like well, I thought it was going to do this But the order flow is doing this and then go with the flow It is telling you something Let's see Alan, I'm not sure what you're oh you're answering a question. Yeah, I think it's Part one and well part two is that is talking about structure And I guess volume within the structure. Yeah, I think it's part two Volume in and in order book within the structure Okay, we're still kind of hovering up here, but we haven't traded to 50 yet Real close to it, but Anyway, let's see. How's that Nasdaq doing? It's taking a little breather as well. Our Nasdaq look at that it got up to that 14 150 area And that's what we look when we zoomed out. We're kind of looking for that one that area here That was like hundred and or 70 points away, right? Something like that And it's already transacted Okay, Russell Russell's pulling back a little bit. Anyway guys, this is another thing. I mean, this is me There there was no reason to to think differently of it not trading up to 43 50 and still still looking for it however You know these higher Numbers are higher time frame numbers like this like the bigger figures like this You know, I like to get out in front of them a Lot of times you'll see it like kind of hover around here You might get these really deep pullbacks and you have to be in this trade forever, you know I like to try to get out on strength Well, at least might have my target hit Before like to front run it before I should say All right, because otherwise I just it drives me nuts sometimes so I won't own weakness as as a trader You know, there's no reason to not get those extra points It's just that boy I'd rather get out look for maybe a pullback and try to get back in and then look for another opportunity back up You know something like that The videos that are like Jedi trading Yeah, here's our move guys looking looking for it And let's see it buyers take them on 400 contracts up there 460 contracts boom There it is And they're still buying You know, this is a this is another thing This isn't so the order flow is still telling us like, you know There's no reason to get out of this is still strong buying and they're still moving the market on strong buying So we look for forty three seventy forty three sixty, you know other areas of high liquidity Just a note here on on the higher time frame stuff, especially on days like Friday It can be really unnerving a lot of traders will be oh, you know CPI data yesterday everything, you know Everyone's worried about Inflation, you know the move to the downside here And then you know, everyone's thinking short and then this will grind all day higher the rest of the afternoon is stopping people out and and Hitting their margin Okay, so let's look at our higher time frame for a minute here and go through that scenario Okay, well on the hour chart. I like it here. This there's kind of a you know Many swings up here I'd be looking for them to kind of spike above this area There's gonna be a ton of stops up in here on this hour chart and you can even look at the five-minute chart here And we're up in those areas here right now I would be looking though for it to kind of maybe spike above it and then pull back to it Okay, this is these are strong moves. Look at this hour chart. There's a lot of momentum behind it So looking for them to spike up above it here All right, but I'm also looking for some profit-taking. I'm also looking for some Let's take let's turn this into a 15-minute chart here All right Yeah, maybe up to about here We have a swing there. We have a previous swing here as well So let's look and see if there's liquidity around that area 43 65 Something like that Yeah, well 65 is up here and we see a ton up here almost a thousand contracts up at 70 All right, so it can be a very plausible scenario for a continuation on up into these areas here Okay, and also looking for a ton of stops to be triggered and stops are climbing Icebergs are also dropping but Anyway The the bind continues here Let's see spot when I look when we see a big wall of liquidity like that at 43 50. What do we look for? Yeah support below that that's kind of like, you know the what is the re? This this is kind of important Important thing to look for is if there's support in the order book at a higher level and It repels, you know, like let's say there was high liquidity. Let's just kind of draw it up What if we see like really high liquidity underneath here? Okay, and it follows up Let's say they they pull and add it higher At it higher At it higher right that's bullish if as long as we are getting the reaction to this is buyers So this is a push. It's kind of like, you know, when wind at your back You know pushing you along here going with the one momentum Looking for the push into this 30 30 43 50 area here All right, so that's what I would be looking for in the order book a lot of times though What happens is and you will have to kind of go back and and and you know verify this yourself once you Once the move starts typically you will see lots of liquidity Typically a lot of liquidity kind of chasing up after it like underneath it, you know supporting it Once the trend gets going though, you usually don't see so much of that Okay, until the end of the trend once you start to get to the at the end of the trend You'll start to see them underneath here Right, and you also see sellers take that liquidity on too Right, and that's where we start to see that cracks in in the in the foundation in the trend Okay, so look for that scenario it what I'm the the the Many different scenarios to take a look at but the bigger picture is This it's really overriding Word here is context So if they're gonna show a lot of liquidity in the order book what what happens to What is the market think of it? More liquidity on the on the bid here Does it go after it? Does it trade it? Is it repelled by it? Do we find buyers and that that's where you know, you can start to understand. Wow There's a lot of buying pressure in here Okay, or we're starting to find some sellers And we can start to look for you know, some different things to happen in here It's all about context of these three elements on both that Does that make make sense spot? Did I did I get to your question? Yeah I mean really I think I understand where that liquidity see the selling coming in here now Hey, they're trading into these guys here. So we found some sellers now. There's our event now What's the context around that event? Yeah, I'm actually looking to see if we get buyers back up above it here and then a move back to 60 Okay, so this would be a false breakdown and I let's we need to see though If we don't see it we get sellers and again, they're gonna go for this 51 liquidity here Okay, so it's above this area here around 54 55. We're kind of looking for buyers All right, so here's our event and now what's the order flow around it? We're finding sellers So we're looking for lower Okay, even this is a low volume pullback still and it didn't break the structure either So we're still looking for lower. Okay. There's context for you there Okay, even this buying in here that's showing up. It's still going lower. There it is So we're just looking for that move to unfold and now we're gonna kind of reassess And zoom out. Okay. Yeah, maybe we can go a little bit lower below the swing here at 50 I'd be looking for something to happen around 50. I just don't see much liquidity down here at 50 right Okay, so now we're now we're we're actually getting both of our Scenarios here now we're coming back up here now. We still haven't broken the structure We're looking for buyers up here, right? Like we covered earlier This is where the buyers or sellers came in The cluster of selling another cluster of selling here and we're already above these guys So looking for the pushback to 55 here Okay, same same this concept here or Understanding that they're already above this area here looking for the push to 55 this this here What we're just covering right now is No different than what we were covering earlier Back down in this area here and This event we're looking at here Okay, does that make sense? Do you guys see that you have questions on that? Okay, so under if you understand this concept down here Okay extrapolate that knowledge to same concept here The move to 55 okay, because this is where that selling came in So you're understanding, you know the buyers and sellers within the structure here And we this was the event though that we were and so we're looking for a pullback to that event And then liquidity just happens to be here at 55 and there's our move. There's our move to 55 The Richard Attenborough of order flow Thanks, thank you Um the Now now now note that we're looking for the this scenario here. Here's our event again This is the battleground here at 55 and a half 54 and a half Okay, we we get buyers back up above it looking for maybe our 60 level finally And we are we're starting to see him, but I don't trust it yet It's not enough If we can get back up here and we start to see big green dots, we're gonna likely go You know up to 60 here look looking for it looking for that scenario to unfold. We have our context our context is this Okay, and this down here same idea same idea here Okay, now looking for our 60 at least back up to the swings here, but the liquidity is up here at 60 And there's our move boom Okay, now let's zoom out here and it I gotta go I also want to give I want tom to get in and start start streaming I've been making these videos kind of longer recently There's just been such good stuff in here to cover with this volatility And it's I just think it's so much easier with this volatility to read the order flow because the move's unfold Whereas like oh my god, we that's why we went over the Nasdaq for like years Because we just didn't get much movement Uh, and we the Nasdaq was so much nicer But we're getting some nice movement in the s&p these days. So we've been covering it for for a while now Uh, and our bigger level was 65, but the liquidity is up here guys at 70 So anyway, um Starting to understand some of these areas in the order flow context within those areas Uh, you you can start to look for the moves to go through the scenarios And the most likely scenarios and then start to look for those moves to unfold Okay, now it we can we'll go over maybe another time not today Uh, but um, uh, we you know, we can start to wrap trading strategies around some of those Scenarios if you see some of these things starting to unfold. How are you going to react with the trade? Okay, so lots of different things a lots of different ways so many different ways to look at that All right. So, uh, anyway some nice moves here guys, uh, and um Let's uh, we'll wrap it up. Uh, I'll put this up into the streaming Um, a recording room. Uh, so you guys can uh, review it if you like All right Hey, so any any questions on it before we go. I mean that was that um Were you guys able to do you want me to go over it again or you know, does that make sense? Uh You know what what you what you saw in there It just is it is it maybe you know becoming a little bit clear about what to look for in the order flow in some of these areas Okay. All right, because we want to be clear You know, it you know, we're trying to trying to assist and and provide as much value as we can in here And we've got this amazing tool that shows us this transparency Uh, so now we want to read it and put it to use Okay. All right. Yeah, thanks guys Okay, all right excellent david Uh, thanks for you guys support Really? Thanks so much Yeah, we're uh, I you know, I think we're we're building a real real nice community in here. Um, really really like it Really happy about it Okay, we'll uh Yeah, I will um, we'll wrap it up. Um, and um, I'll have the recording up in a few hours or so And uh, that's the backbone our training. That's the goal. Uh, david and then boy like once you get the backbone is like You know, look at scott pulsini look at look at tom look at j trader There'll be others uh in here and there's like, oh, okay. Well, I understand the backbone. I understand the foundation Now I can extrapolate that to any sort of trading strategy If you're looking at candlesticks, you're looking at fib levels like look at the order flow around those levels It's going to help you so much Right, it you'll you'll have much much higher probability for Your um higher time frame analysis to pan out or not Uh, and that's really uh, really the key All right, uh, just we we want to get more insight To what's going on to uh to help us make better trades All right guys. Yeah, take care everybody. Have a great weekend. Uh, and we will uh, we will see you next week on monday All right. Take care. Bye. Bye