 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map Hold on just a moment Hold on just a moment And we need to get this open up and running here in discord. Okay Got it. Welcome everybody. Okay. We're broadcasting in discord as well as in our YouTube channel Welcome to the live trading webinar. This is Bruce at book map and we do live analysis in here It's all part of the education that you get with book map. This is all free And we have an educational course Then we have the live analysis to put the education to the test in the live market Monday Tuesday and Friday is forward-looking analysis will read the read the current order flow and give insight to where we think price is Going to move next then We have live trading with J trader a stocks trader on Wednesday and scopolsini a futures trader on Thursday So this completes the education that you get. We also have other streamers in our discord channel We have Tom be that goes over volume profiles. We have Rain who's also in the morning. It will go over the crypto markets Let's go through some disclosures and then and then we'll jump right into the markets 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 substantial risk of loss It is not suitable for all investors past performance is not necessarily indicative of future results. All right, so Let's jump in and let's take a look here. Ah One thing on YouTube got to mention this on the calendar. So what we have upcoming here Later today So you can see in the streams here So right after this webinar, we'll have Tom be okay at 11 30 a.m And then later today we have a another book map streamer here or book map trader partner of book map and It is Patrick Wayland. He will be on at 3 p.m. East Coast time. So the last hour of trading Looking forward to that. Okay, so that's what we've got lined up in the schedule. Okay All right, so let's Jump into these markets and see what's going on now in in these webinars We can look at any of the markets you want to look at in the symbols here. It doesn't really matter to me I just want to cover whatever most people want to look at Could be stocks. We connect to US equities. We also connect to Bitcoin or all the crypto markets as well There's multiple exchanges that we connect to I'm looking at here Binance futures and Bitcoin USDT all right, so Looking at the S&P E-mini General market the S&P here. Here's what we see. Well, we had a bullish day yesterday We're having a bullish morning here as well. You see this very narrow range that we're in pre-market And on the bid you can see there's some interest in here Notice how they're kind of pulling a little bit on the offer. Just we're looking at, you know from 6 a.m To current market right now East Coast time around after 10 And starting to understand even a little bit of the order flow in here It's just really, you know going sideways, but look at the look at the bid in here They look underneath as well. There's interest. They want to buy. Okay, this is below 3800 the figure Here's here's the move after 9 o'clock up into And through 3800 here's the 930 cash open an immediate bounce to the upside pullback and Continuation move to the upside Okay, now where's the high liquidity? Where do we think price might be going? Well 3850. Okay, so this is already a 50-point move From 3800 to 3850 up here We have 639 contracts waiting and they've been waiting the entire session to transact So this is where the sellers are and the market understands that so if we zoom in we can start to see the Kind of behavior of these traders because it's all here in the heat map We can see that the I don't have the video on hold on there we go All right, you can see that the um traders here start to Look, they they're they're offering down a little bit lower here. They're adding more here It's getting darker in here the heat map is showing the Amount of orders increasing here on the offer This is starting to scare away some of the buyers or at least there's not enough buyers to trade up into it right now We may have to come back down and uh, maybe we'll see if there's more buyers interested To come back up here and to trade into 3850 Okay, this is the context that we talk about all the time In the order flow understanding this relationship between the aggressors Which is the market buy and sell orders Uh, in this case the green dots are market buy orders of red dots are market sell Uh in this context of liquidity. Where are they on the offer? They're up here Okay, the sellers. Where are they on the bid? Well, they were here They were here as well and they did transact right in here at 3840 Market came down a little bit lower and then what's going on right now? Well, we we can see on both sides actually Uh, we see on the offer here 40 42 and then here at 35 and about 33 looks like Some liquidity there, uh, and then also down here at 38 30 All right, so this is that again that context we want to understand And right now if we zoom in here, let's take a quick look. We don't we're not really getting too much context We're right in the middle between these two areas And we're not really seeing any sort of imbalance in the order book nor in the volume right now There it is. There's an there's an imbalance. Okay So 3650 do we find buyers or sellers after these guys came in the order book? Okay, not much actually And then they just pulled that liquidity. So what's going on here? This is like a test And it makes really good sense and they're likely up here now too We can see that that behavior in here pulled and then add it up here and then kind of understanding the Kind of temperature of the market in here Okay, like kind of dipping your foot into the Or your toe into the pool And there we go now we found buyers Okay, and and there's our context. All right, so we found buyers up here now We're we're finding buyers. Let's see if they can pull it higher 42 And then we might get a pull back here back to just here at 40 And let's see if yeah, we're getting a little bit deeper here. Maybe let's see if they can bounce off of here And find some buyers and trade back up into 42 And let's see if we can get a breakout now Okay, so we see liquidity here on the bid at 3950 and looking for them to trade into 42 There we go a little more on the bid there at 41 and that see how that kind of pushes The buyers up into 42 and then here's a bit of a breakout now Not so not so sure what I think about this breakout. I would say what we know so far There's more buyers. We'd look forward to continue However, let's just take a look at the the context here. Okay. This is good. It traded up here We want to see it actually we want to see more buyers up here 43 and 3 quarters are up here at 45 We may get there But you know, we're we're not really seeing that too much commitment here yet We're just reading the context between these limit sell orders and limit buy orders And the aggressors the market buy and market sell orders So see how we're right back down to where we started from here Okay, we even have the potential for these sellers to really hit the bid hard and trade not only down to here but here at 30 35 and then Maybe we'll get a stop run Down below there And then maybe we can even get down into 30 down here. Okay, there we go. There's our sellers into 35 Okay, a bit of a bounce Not much of a stop run here is this red line here And then the blue line here are iceberg transactions. So they're actually buying icebergs in here From here on down They are on the on the bid with their iceberg orders getting filled All right, a bit of a little bit of buying coming back in Let me get to some questions here. Aloha, Tony. Good morning. Um Okay Matthews, um, what resistance do you consider as strong or weak? Like when it is not a pulling a pullback anymore. Yeah, that's a great question. So I was trying to cover this Yesterday And we just had kind of a choppy market to cover this right here is a low volume pullback right now Okay, it it it broke from here and it pulled back to here But look at the volume here. There's more sellers than there are buyers up here Okay, there is kind of an imbalance here now what we covered yesterday where these pivot points that Like right in here if we get buyers back up above this it really doesn't matter But right now We have to give the nod here to the sell side Okay, just because Uh, there's more sellers than buyers in here so far Okay, we are trending now and they made a lower high in here in the structure as well So i'm still looking for uh more sellers to come in here and then hit down to 34 33 maybe 30 Look at the volume in here Okay, we don't see a whole lot of buying. There's some it's not bad actually Uh, but it's not as much as the selling here And the selling in here didn't really cause a stop run either not much Uh, the stop room was actually here Right in this area here All right, so again starting to understand the context in here now This is we just put this pivot line in Uh, and then talked about this. This is that kind of choppy action that we saw yesterday That we're still looking for sellers here on a low volume pullback But if buyers get back up above it Then all of these guys in here they're going to get stomped out up here Okay, and we look for the market to try to test up here and maybe get to 45 now Everything kind of shifted and changed now here All right, so uh that that context is what we really want to understand in here And we want to look for something that's higher probability So a higher probability is well when we see something that when all of these things start to align up It looks really good the order flow And what I mean by order flow is the participants in the market here Um are really really kind of shouting or telling us something Right and right now it's not really telling us. We didn't think this was telling us too much We had to go with it because the buyers were moving the market But we talked about the scenario of of a move back into the range and then bottom of the range Uh, and then right now we're getting the same thing back up here Okay, so again a shift in here now they have traded back up to this High here and and a bit above it as well Okay, so pretty tricky uh stuff in here But it's this the shift happened here right and we mentioned it before it occurred I'm looking for that potential scenario now. We don't know uh if You know if maybe it'll come up to to 3850 now Maybe there's enough buying pressure Maybe there's like the stop run here will kick off and ignite a nice move And then more buyers pile on and try to trade it up to 3850 Okay, it's a likely scenario here. It's already bouncing off of this 43 here All right, so let's see if we get it. We're looking for buyers up here Okay, and now this was what it would make this higher probability, which is uh, Matthias your your question to answer your question Okay, they did flip in the book here. They're on the offer here. They're on the bid here, but they're down here So it's really not giving us too much, but the aggressors that we take the heat map off The aggressors are still telling us basically Yeah, they they can they can move this market more easily now than the sellers right now Okay, now all of a sudden sellers may come in here at 43 and just pound it right down to 39 again Okay, we don't know that either Uh, but we can look at the context of the order book in here to try to help And right now it's not really helping too much. They're down here at this kind of 40 and a half They're up here at 46 Uh on the offer So there's a lot of kind of dark area in here and it can just bang around in here pretty easily Without getting uh too much insight here Okay, what we're looking for in here if we're going to continue on up Is we're looking for buyers to support it here on the bid So we'd be looking for this we'd be looking for the order book to show High liquidity like this in here and you know, they they maybe they even chased up You know something something like this Uh and then these guys here on the offer Well, we want to see them. Maybe they had liquidity in here and they start to pull it Okay, and this guy up here starts to pull it Okay, and then what we're looking for is big green dots Here here here here all the way up to there Okay, that's that would be a much better scenario Uh because the the market's telling us That wow we're finding buyers the the sellers here are not interested. They are interested in buying on the bid So these are the scenarios that we go through now you can take this scenario here and flip it As well Okay, which is actually kind of what's playing out right now So let's just get rid of the drawings here and let's just do it again. Okay, so on the offer Okay, following maybe down on the offer on the bid Maybe they're pulling Okay, uh and they don't want to be buyers Down in some of these areas And then we're looking for big red dots to pull this market down into some of these areas here Okay And this this scenario is kind of playing out right now It it's not the greatest either it's it's really not telling us Too much right now, but it is more likely It is telling us more Than the other scenario right Okay, does that does that make sense? Matthias is do you have questions on that? Okay, we covered this yesterday as well Um What's the stop run rare? Um, yeah stop run is where a trader. Well, have you ever been stopped out? You put a stop loss in and you've been stopped out A stop run is multiple stops Okay, so many many stops all occurring at once I'll I'll go through and I'll detail one out for you. Maybe over here And show you like how it unfolds Okay, all right, so let's take a look at now look at this. Okay. We were looking for sellers here pull back Maybe sellers again. Well, did we get sellers down here? No, we're actually getting buyers down here and buyers up here So this scenario has the potential now these guys got to pull or we got to find enough buyers to trade into and through This uh 43 and three quarters Okay, so but they're still here on the offer right now So we're not we're still not getting too much out of this at the moment here Okay, so this is actually you think well then what what is this worth here? If this if if book map is not showing you much on the order flow Well, it's actually telling you quite a bit. So if it's not if the if the traders here aren't screaming at you They're you know what they're looking for where this might be going with their interest in the market Then you can just it's invaluable is telling you not to do anything Okay, look for something that's better Okay, wait wait and watch and then you know pull a trigger on something when you have it Everything aligned And everything looks good for a higher probability trade Okay, it's all here in the chart. It's in the chart the chart is telling you the behavior of these participants Okay, else you get caught up in these things and and you can possibly get if there's enough sellers right here right now These guys are going to have to get stopped out down here likely Okay, so again all these different scenarios to go through and start to understand the order flow in here So let me go through some more questions Uh on the last hour three or four p.m. You don't cover this live. Yeah. I mean I have in the past. Um It's trying to you know capture the most Uh interests here from you know the crossover between europe and and the us Is why we're holding these webinars at these times um There isn't a time of high algo trading period and there isn't a time of low liquidity Quite active not not sure. Oh boy. What what you mean? Um Can you please explain the times? What is normal periodic? Uh in time and why is it so? okay um So the um Well if you're talking about timings of the market, okay Um Then You know, okay, so we covered this actually uh last week And we covered it in kind of an interesting way Uh about about talking about initial balance, which a lot of traders talk about in volume profile Okay, all it means is the first hour of trading because during that first hour There is a ton of interest So let's take a look here. See the the um, this is actually from yesterday's activity And see the volume smile here really high volume here very low volume in the mid day And very high volume at the end of the day Okay, the volume smile you'll see it again and again if we go back here in time I guess I don't have enough bars in here. Yeah now I should Yeah, see the the smile the smile the smile every day. Okay, it's very typical So what that means Is what we want to understand in the beginning of the day. I don't know if it's it. Are you talking about? timings of the of the market um So we want to understand where the Majority of the participants in the morning are and who's in control. That's what we were talking about yesterday Or we talked about it for a long long time Well, we can see who's in control buyers buyers buyers. Okay note. There's just no question about it All right, and even this pullback here. Look where the pullback came to so far It came back down to this little nook right in here Right, uh, and then it has bounced off of that. Okay now we're coming back up All right, so we have the potential here If we get enough buyers up here if we get that order book here This actually look look at this even this pattern in here It's kind of like a cup and handle right Okay buyers up here buyers up here more buyers here now This is where the buyers have to take it Okay, if they don't because they're making lower highs in here. We need to see these buyers step up right now Okay, if they do We should be able to trade up to 46 Uh 48 and 50 And they're starting to okay still looking for these buyers now If you want to take a shot at something like that and you start to see that buying come in here You're looking for uh taking it up maybe to the top of the range Consider taking some off Uh just to reduce your risk you you can put your stop at break even if you like Or overall break even so if you took a couple points here You're you'd have a couple points stop loss and you'd have nothing on the if you got stopped out on it But you wouldn't lose money Right and now we're looking for the move up into 38 50 All right So there's and there's plenty of time to get in involved in these things This is why you know, we're looking for these moves to unfold now And um When we look for the order flow, I mean this is one way to consider trading the order flow You're looking for it to move now Okay, if it doesn't then something's wrong Right, it needs to still find more buying pressure or there's sellers in here Uh and a lot of sellers are interested in trading it maybe back down into these lower areas Okay, so uh, we're just we're still looking for buyers though in here Okay, now was this higher probability? Yeah a little bit a little bit Um why well, they're pulling a little bit on the offer here Now the bid we didn't get anything here But we also got this the power here. We see the big green dots. Okay the aggressors All right, so we had two things. It's not the highest probability in here But we had two things that we're looking for Uh, and then we're looking for now follow through it already pulled back here to about 44 We're looking for more buyers and we're looking for now. This would be a Uh like a flag pattern And I I don't care about calling it a flag pattern. I only use that to identify What's actually going on and what's happening here is buying pressure Takes a break. We see some sellers. Maybe some profit taking and then we're followed again by buying pressure Okay, now we need to see these buyers step up And for this to continue on up Into 38 50 Okay, but that is the most likely scenario right now All right, and that's what we're looking for in the order flow to unfold this The two tip offs here for us making this a little bit better trade was they're pulling on the offer Now look at see them add on the bid right there Right here Okay, and what was the reaction buyers, right? Okay, so that gave us a little bit insight now they pulled And Then then then we see that You know, this is still kind of weak or soft down here, you know, they're they're down here On the bid here, but the aggressors Are are the ones leading the charge here? Okay, that's always the case the aggressors are are always leading the charge. Well, I shouldn't say that It is a big part of the Market activity though Okay, that the it's the traded volume that Technically moves the market Okay, because they can take all the liquidity from one level and move price to the next level Okay, so still looking for this 38 50 here Got up to about 49 49 did transact 308 contracts Okay, so still looking for the push here Up into 38 50 most likely scenario All right, so that's How you can put together the pieces here in the order flow Okay, now I know that this may be Four into a lot of traders when they look at this in the reading context of these orders in here instead of reading Uh, some sort of indicator Okay, that's going up or down or whatever and and and tries to give some insight. Well the indicator It can be very blinding. I I feel and also lead you in the wrong directions the indicator We can look at cumulative volume delta or you know, we can look at you know, stochastics or whatever it might be and I think it just kind of erroneously gives a false You know, it gives a false sense of confidence To two traders thinking Well, everyone's looking for clarity Right and and to reduce risk. They want something more sure Okay, well reading the behavior of the traders can be more sure than some line on a chart Okay, again, it's an auction. So if we're reading the behavior in the auction So you look at liquidity here Buyers, let's see the move into 3850 and a push through it. Let's see if we can get up and do 52 53 what what else is up here 60 way up here 60? All right Now if you you know I started to see this behavior here and you're looking to maybe take some off at the top of some of these ranges in here Uh, just a little bit move your stop to break even. Okay, we talked about that you're protected All right, and uh, you you're just waiting for this to The overall move to to unfold and you know, you've got a little bit in the bank Uh, and these are now this is trade management. We're talking about we're not talking about order flow now Okay, and that's a lot of reasons why you know, we kind of We talk more about order flow because trade management you can look that up on the internet anywhere Uh, and there's so many different ways to to do it and uh, you know, that that's Up to the the specific trader the timeframes etc Okay, but um The order flow in here and the in the visualization and book map is rather unique And that's what we want to cover here and then trade management you can You know, maybe you're looking for higher time frame your stops way down here or even way down here Uh, and you're looking for a much much bigger move here You know, whatever the case may be All right, so let me get back to the questions and let me make sure that I answered Matthias's question Just not quite sure how to precisely distinguish between high and low volume Um, okay, so it's it's all referential here in book map So when I zoom in and out you'll see these the heat map will change in color In some of these areas that are historical already And that that's just not possible. It's already set in stone Like what traded or what was up here in terms of the order book is set in stone It's it it can't be changed the heat map changes because maybe more here I'll zoom into this area here Right, and you'll see the heat map change Okay, so this area is now red Okay, if I zoom vertically you'll see that area now it's orange, right because it's This liquidity up here at 3850 is more than this one here All right, so that's kind of what it does Uh, we do that by design in in book map Uh, so that uh, you can look at the reference here It's the same with the volume dots like you might see a big dot here But then if I zoom and then all of a sudden, you know, it's actually this this one is the big dot up here All right Okay, well depending on your actions Maybe you just got stopped out at breakeven on this but you did take some out and you're looking for that 3850 okay, so Let's uh, let's let's kind of see what happens here. This is where those buyers came in originally, uh, maybe we can get a bounce off of here uh, and But we're seeing our sellers come in here. I'm actually looking for buyers to trade it back up here to about 46 Uh, and see if we can get that Okay, pull back here Sellers coming in pull back up to about 46 Okay, it's just a like a little scalp there a little two-point scalp And now see they're pulling up there as well Okay, I don't see anything on the bid yet. So I'm not looking for it to break out up into 3850 right now But they are pulling here Uh high and low volume also Small bubbles can potentially move the market quite a lot. Yeah. I mean why so Um, pose the question that why do you guys think that the small bubbles can can move the market? Why how is that possible? And then I got to get back to some of these other questions here Okay, so oh boy. You've been talking about the last hour of trading Um, well, there's a whole lot of things going on at the last hour of trading especially the last half hour Of trading the last 15 minutes or 10 minutes is just wild Uh, there's you know, people are shoring up their positions for the day reducing their risk And it's just like during this webinar in another hour We're going to have the european close and we're going to see some volatility during that time It's just normal And that order flow to understand what's going on in that order flow is a little more complex to understand Of the behavior of the traders Right. So, uh, yeah the um But we you know, the reading of the order flow is the same It's just that what happens is a lot of times you'll see like massive massive green dots like Suppose these were list huge, right? Let's just you know, make them really big here just by using the size Massive massive green dots and then all of a sudden you're thinking wow, okay. This is going to 3850 and maybe even higher And then all of a sudden like You know, you'll see equal or even bigger sell dots in here and all of a sudden we're down here Right. Well, you still got to go with the order flow reading We're still looking for this to go higher Okay, and then we're looking for the behavior in here. It's just it happens really quickly Okay, and order flow is order flow. I mean it does not lie Uh, it can't it it's capturing the the uh Uh, the behavior the transactions Uh, so what happened is what happened? That's that Uh, so it is very very objective in that sense Okay, it's not you can't point to book map it and and say it doesn't it didn't work Uh, because it's just showing you the condition of the market here Uh, these are the transactions. This is the liquidity. This is the price structure that is or you know, the the price action here That's undeniable So it's the context we're reading into the the price structure And the behavior of the traders within it that gives us the the insight and reading the order flow All right, so here we go. We got sellers coming in here all right, so uh Yeah, just testing into where these buyers came in And uh, yeah, they may be able to like pull it all the way back down here to 39 Okay, so then there we go There we go, right so And this is this is going to be a stop run as well as someone hit the hit the order book hard On the bit. It's not just a stop run in here We'll go through this as an example. This will be a good example There's also an iceberg on the other side of it absorbing So we'll go through this example here. That'll answer some questions for you guys Okay Uh, tony we can take a look at nq. Uh, let me let me just shore up some of these questions in here Um, so did I answer your question? Oh boy. I mean the the the close is um You know, there's a lot of considerations there setting up for the next day Uh, you know, suppose that you see the market close at a high that day Uh, and you just see massive massive buying at the end of that day You know, you might want to stay in in the market and and trade the the overnight Uh, and just look for it to just keep going higher grinding higher and higher and higher You know, I mean that again that is no different Then understanding the open here and that we are bullish until we see something different Okay, and we're still bullish Okay, it's just you know, we just see a lot of kind of hacking around up in this area on the smaller time frame Larger time frame. This is looking super strong Well, it's up to you. Oh boy to avoid that trading. Do you have good luck trading that? Can you read the order flow? Well Um, are you profitable during those times? you know, sometimes I I struggle with the close sometimes it sometimes I can't get a read on it other times is clear as a bell It's the same with the european clothes. You're like, wait a minute. Hold on These are, you know, kind of erratic orders in here. Sometimes we can read it pretty pretty clearly other times Uh, we're not so sure Uh, typically that's around times when there's you know, some sort of geopolitical stuff going on in the market Okay, but you know, this is these are all things to to consider to uh, give you uh, kind of a um Like a map to your your or your trading plan, uh to understand what it is you you want to do, uh, for example, uh Uh, if there's good earnings, but that's it that you know There's everything else in the world is just going just fine Uh, and there's good earnings and you see that it's a bellwether stock Uh, and then the s and p closes at highs for the day and on tons of volume Well, that's you know That's telling you something The behavior of the players are telling you something so You know, maybe larger players will come in and try to you know Spoof the market try to get it lower But it's going to be short-lived because there's going to be other larger players who are going to buy it at the at the bottom of those areas uh, so, you know These are all considerations I'm I hope that helped So the buyers at 40, what when did you write that rare? I don't have a timestamp here In uh, and let me take a look also in All right in book or in discord here So nothing in discord more questions over here in our YouTube um Yeah, there's a lot of traders of black rock looking at the spy as well uh For example, uh, uh dug uh dug plus. Uh, he's an options trader. He's looking at the spy and the qqq Uh comparing that um to uh s and p e many uh futures products Uh, so, uh, you know trying to understand, uh, again, um, the players in the market here They're just using you know, there's tons of arbitraging and and they're just using different instruments So let's see All right, lots of questions. I'll go through them. Um stop run. Here's a stop run. Let me show you exactly how much Let's see here automatic. I don't want that on Nor icebergs. I don't want that on either. I'm gonna look at all of them Okay Okay, coat. So this is great. So we knew that this was not all that this stop run here Uh, let's just take this off for now. Um the heat map. We knew that it was um, Not all stops in here on the way down. How did we know that? Right or why did we speculate on that? Anyone have an answer on that like, uh, I know there's lots of great traders in here. So, um Well, because this move down And she kind of shot down below here in the way that they shot down Uh, it had to be a bigger order that that kind of kicked this off down and what happened is in here Here's the larger player that had tons of liquidity and dumped. Uh, and just hit the bid hard Uh, and uh, and then there's stops that are in here. Okay, this is a big one because between 40 and 42 if we have two points in here Whereas nothing but pure selling that came in and move this market two points lower immediately Okay within less than a blink of an eye Okay, about half of a blink of an eye basically Yeah, all of a sudden it just moved down and then best bid and offer see how that updates later Okay, so this is one singular event and within that one singular market event There's actually multiple events in here that took place So it's this it's a larger player coming in hitting the bid and their order Even though it's an aggressive order it gets filled first All right So they take all of the liquidity off of these price levels And then throughout here There are stops being triggered Okay, they're being triggered, but this order is not filled yet. It's not totally filled yet Okay, so down here Finally It's fully filled here at 40 and a quarter So why did price go lower? Because stops are triggered now There are 44 stops that were triggered in here At this level. So if you put your stop in here within this two-point range, maybe you had your stop up here You got slipped two points Okay, and it's that's pretty ugly stuff And you that's how you can lose more than than you put at risk In the market in this one way And yeah, these 44 Orders down here. Well, whatever how many of you ever traders are in here Are not too happy about that. I'm I'm pretty sure But anyway, that's what unfolded in here All right now This was an aggressive market sell And then the stops triggered down here only at at 38 40 and only 44 All right, there's the anatomy of a stop run right there Okay, and we have an iceberg in here getting filled completely filled here And then updated here. It was detected here for 105 And Actually looks like there's two Yeah, I detected here and here so one for five one for a hundred And then it fully filled and executed both of them For 105 right here up at this price level Okay, so Yeah, they they and the the aggressor kept on sweeping that order book lower down into this level here All right, so there's your stop run And in this case the stop run, you know kind of stuffed a bunch of people down here Sometimes you see the stop run see the red line. That's where the stop run began. Sometimes it begins way up here So someone kicked off something that triggered a bunch of stops all the way down and that would be pretty big stop run Okay, sometimes you see that unfold All right, but anyway, there's the anatomy of the whole thing and and not too many other pieces of software out there can show you these kinds of details And why does that matter because this is showing you Precisely how the market works and that that can be invaluable Hey, you really can understand the details in here of What unfolded? All right, and that's what bookmap does It's just showing you the market activity and we're just displaying it for you All right, and that's that's it Okay, here's a stop run now to the upside in here. Okay, so we came all the way back down into 39 which we talked about Okay, we saw this move and then it kind of chopped around it did come down to 39 And now look at the buyers coming back in back above. This is another choppy day in here Um, I wonder we're going to get some kind of pure price action Um Yeah, I'm still looking for them to trade up into 3850 here after all of that So let's uh Kind of limit our stops and icebergs here just not show them for now on chart All right, so answered that question and you know, I think this is helpful for A lot of traders that to understand like really what unfolded here and then we can put this into context as well That we see a larger player dumping. We see a stop run down there And then look at look at how it controlled price there for a while Right all of this in here It created this whole range in here Right, that's why these things are important to understand Okay, now we're seeing buyers back up above that area. Okay, great even more buyers. Okay, great Now we get more up here great looking for this Okay up into 50 All right, so uh Again, uh Same same stuff. It's very repetitive here. Uh same stuff in the order flow. We're looking for Okay, now do we have all the pieces in here? Not really right the we see them getting filled actually here on the offer We don't want to see that we'd want to see them pulling not getting filled Uh, and there's actually some uh resistance here. Um, or some supply here on the uh on the offer Okay before this 3850 None nonetheless the condition is we're finding buyers here Okay, aggressive buyers. They're taking on these guys and want to trade into them. Great. Okay. Well looking for them to continue then On up to the 3850 Okay, now we have a little bit on the bid What's the reaction? Do we find sellers? a little bit trading into that Okay, we had an iceberg here another stop run here and that's another stop run there And then right back down to where we just broke out from Okay, and again buyers coming right back in Hey, they should have enough power now to trade up into 3850 and above it looking for uh 30 uh 38 52 Okay, now the only thing again, we just don't have a strong bid in here Hey, we're finding the aggressors in here so far so far Hey, there's still more buyers than there are sellers here So again looking for buyers here trade back up into The the kind of ranges in here and I think there's enough buying in here pressure to to to break out I just based on this behavior in here They and down here we're leaning on that as well. Okay all the way down here in fact Okay, so this is what can help us, you know, kind of lean on that Buying information in here and we've been talking about that in terms of Bull flags for example Okay, it's just it all it means is a pull back Strong move impulse move pull back followed by another strong or impulse move Okay, and still looking for that here to unfold You just don't have much on the bid here Okay, that's all AC, okay That's a good question. So you you love looking at the anatomy of some of these types of events. Yeah, I mean I'm I want to It's I'm fascinated by it But I want to go over those kinds of events not just because we can display them and that they're interesting But how does it help you? You know get more clarity so you can make better decisions and make more money Okay, that's what we want to get at in here Uh, yeah, it's fascinating stuff. But how can we use that? Uh, just like it would be no different about understanding the news and geopolitical events. Okay, great But how can we use that to make money? All right, and we're doing the same thing here in the order flow So there's our move into 50 finally did it And what's the reaction? Well enough buying pressure to get up here stop run it as well And then look at them on the offer here right after they're on the offer here Goes through they're on the offer again here. This is supply and it's kind of resistance right now as well Let's get to more questions lots of questions So, um, oh boy about your timing Um, I would say the same thing like like is that initial balance? understanding like all this kind of Um In that volume smile, I mean you can kind of see these points in here It's kind of a little bit of a smile in here as well, right? and in the bars We can uh, you know see it in here. So buying pressure Ah a little bit of selling in here buying pressure buying pressure Right right through here Okay, so there's still more buyers in here basically okay, so uh and um Again the timing then well the down here is would be less meaningful basically Because the amount of participants in this auction down here Okay, but up here we see a lot of participants Okay, and previously here as well. So We have the potential for this to climb higher basically All right now we have a pretty strong offer here So we've got a buyers these buyers here are going to meet, you know all of these sellers in here Or they're meeting them Now uh low volume pullbacks there was a question about how can um small dots really move the market It just think about the participants in that auction Let's suppose that this bid in here see 81 99 like um Let's zoom in a little bit more Okay, and in uh, boy, and we're not getting much out of this heat map here. Um Maybe a little bit more down here see 101 112 177 Okay, well if these guys pull that liquidity and these become like, uh, you know 10 Eight, you know single digits in here It does not take much for sellers to trade into and through those areas And market can go lower Hey, you you'll see in stocks especially How the market can go up on more sell volume Or the market could go down on more buy volume All right, so, uh, yeah, uh, that's another condition to understand Okay in the in the order flow No, uh detrick. I mean, uh, look into your spy options in the in the es chart. Yeah I think, uh, I mean, I know dug plus, uh trades that way But you know He's looking at spot gamma products and other things, uh in there And they nicely put together some levels in book map You might want to look into that Hey, and yeah There's more information coming out about that as well I don't want to Look look for more information coming out about that soon in our Digest email, okay And then our our discord community as well And oh boy, would it be so would it be better to avoid the the the 30 minutes and the last 30 minutes Again is contextual If you see an advantage take it If if you don't then stay away from it Uh Abdullah no, we don't have any plans for making this a phone app right now Uh, you really need to kind of be there and and and see this information Be pretty difficult on a phone Okay, rare. I think I I just um Covered the stop run for you in detail Let me know if you guys still have questions about that I do have gold open. I believe. Yeah Z contract here if you guys want to take a look look at that and we'll look at nasdaq as well okay gold, um Yeah, still bullish here, uh, you see the pullback here And uh and not really seeing much right now nasdaq. Let's jump over here Guys, one of the things that I I find personally like about looking at the stock indexes is aligning them or in correlated Fashion here is the nasdaq making higher highs. Is it starting to break out? Uh, where how is it relate to the s and p? Okay, so that gives so much information so much information if you just wait For this and look at the russell as well or maybe the ym as well And look for when they're starting to turn around instead of having to look at just the s and p and go Okay, well, is it going to turn around now? Is it has it, you know finished? Is it exhausting? Are we starting to find some buyers here? Yeah, that's all helpful. Absolutely It's it's reading the orders and the order flow. However If we can jump over and look at other markets Uh, and we start to see the same behavior. They're all going to pull each other up or or down All right, so uh, I would suggest uh, you know reading the order flow on multiple correlated markets Uh to get to gain some real insight on some pretty big moves Uh, oh boy, look at 15 minute chart on a bullish flag pattern. All right, let's take a look Uh, do you mean the candlestick chart, right? Uh, yeah, I don't really see anything. Um Anything right now is the market's pulled back. It's in this kind of range here We haven't looked at our higher time frame, but guys, this is uh, you know what? I'm going to do this exercise I think you'll find it very valid And we'll go through these higher time frames and we'll go through We're going to ditch the correlated markets for now And we'll go through the uh, just the s and p right now But uh, this I think will help you guys understand the order flow and what we're looking at Tie together, you know, these are multiple Webinars that tie all these pieces together. So please they're all recorded. You can go back and you can watch them You can watch them in two times the speed As well, uh, and then put these some of these pieces together Uh, because we you know, we're going over the live analysis. So we go over what the market gives us And um, uh, sometimes it doesn't give us much sometimes it gives us something that We want to cover but uh, it it's maybe not in line with The previous uh, webinar or webinars You keep here black rock. You keep hearing people also looking at the spy. Yeah, okay. So we just cover that Um Uh lucero they there may be a black friday sale. Um, I'm not going to comment on that It's not even november yet so Maybe there'll be a halloween sale. I don't know um Do I find it harder to trade In the highs? No, I mean if I if we see something good and we read the order flow in here We're looking for it to unfold. I mean if it doesn't You know it it it wasn't ready like you know, you got to look for a pullback and then maybe be ready again Or maybe sellers just totally take control and it's a reversal pattern You know, this is where the risk comes in Every trade you can't avoid risk. You've got to take it Okay, but if you see this in here and the power of these buyers coming in here You can look for something higher probability Even though like we know we mentioned in here that it's pretty dark underneath here You know, we want to see that in balance in the in the order book I'm pulling and then this kind of push by these aggressors in here For something that you know gives us more insight, right? This gave us enough insight into into 50 and and a little bit above Yeah, we would have loved to see 52 and 53 or 54 This is as high as it went. This is what it gave us So take what it gives you Manage your trade That's a consideration not a trade recommendation. You can't It's it's up to the amount of risk you want to take So Anyway, I'm hoping this is answering a lot of questions in here. Oh boy's question as well So I don't have a problem trading some of the highs But yeah, sometimes it makes me a little weary if I don't see clarity in that direction All right, that's for sure like suppose for example, see how there's big green dots at the top of these areas here I like seeing that Okay, if I see big green dots down here and then it tapers off up here Okay, so it looks more like this it would be like your big move would be like here's a big green dot Here's another green dot And it starts to kind of taper That I don't like seeing if I want to see buying strength come in Hey, it may go higher, but it may be just kind of like exploring here. No more buying interest You'll start to see those sellers come in Okay, and then maybe they take control of it and move it back down below All right, so this is looking pretty good though pretty strong in here I think that's what oh boy was talking about or someone was talking about in terms of the Flag patterns in here Right Okay, I'm going to put a poll in here I'm just really curious. Um So the question is do you like it when we cover the microstructure and the anatomy? Um of the Price action Yes or no All right, so yeah, let us let us know pumpkins by the pound. Okay. Oh boy Um Yeah, it's because like, uh, you know, we've gone over it many many times And we keep, you know, we new new traders come in and and we want to educate traders on that it also, you know coincides with the stops in icebergs. So You know, you start to learn first what it is and then you can learn to take advantage of it And use it for insights Like like scott pulsini does Yeah, so rare. Um, you're talking about do I use pull backs reversals momentum strategies? Absolutely Uh, yeah, I mean look at the momentum here like this is strong. This is strong move All right, and then you start to target high liquidity as the figure 3850 Okay, now it pulled back look at the pullback even though Okay, it pulled back to the strong move and it's back up Okay, probably get a probably get a little bit of a pullback in here too But we just might get buyers and come straight for it here Uh, up and see how they pulled in here. See that that's a spoof right there Uh, that's layering that's pretty classic stuff Now let me know to see if we can get a little bit of on the on the bid here followed by buyers We'll come up right back up into 3850 and maybe it will break out this time Okay, so here's our bull flag pattern yet again. This is a strong one too Okay, so I'm looking for these buyers to trade up here. This looks pretty good All right, we're getting a little bit of a pullback now Okay, now, how do you how do you get involved in here? Right? Well, you're going with the strength You're going with the momentum of that strength in here and you're looking for it to continue All right now reduce some risk at some key areas. This looks pretty key. It's a figure. It's also uh You know where it kind of reversed here. You see that pulled back and now this was resistance here Okay, so um, yeah, I mean if you got involved in in in here somewhere already Considered, you know, maybe taking a little bit off and managing your risk Right now if you are a larger time frame trader, this is what you're looking for in the continuation move on up higher All right, it's a pretty strong, uh bull flag in here Look at the pullback in here. It basically just kind of Went grind it up a little bit and then followed by strong buying All right makes sense Can you see that in here? Can you see the strong move? And then it continued to be strong here Okay, and we noticed that and it's like, okay, and then the spoof here and then they're on the bid here followed by buyers Right, so we did have a lot of pieces in here Okay, so yeah, we would be looking forward this to break out here or break into this 3850 And then potentially through it. This is pretty strong here This is the higher probability that we're talking about All right Okay, so now let's see if we can break out into 52 and maybe 53 and 55 Okay, now, how do you how do you manage something like that? Well, you probably already took some off Okay, or you can consider doing that Uh reduce some of that risk you can put your stop at break even or overall break even A lot of times I like to put my stop at overall break even on these because I know this is a strong move I know there's going to be pullbacks Uh at some point so I want to stay in it though Okay now Now we're up at 52 Okay, look at this move in here This is a tiny little pullback in here. That was it Okay, so, you know if you got involved in here now I think uh, oh boy or maybe with someone else said that they don't like to chase Absolutely. No, I I understand it um Yeah, floyd, um, you don't like to chase however The condition of this auction here is telling you something And you don't it's not chasing. I mean this never even I mean if this went against you Maybe it went one point against you. Maybe you got in here. Maybe maybe it was like three three ticks Maybe four ticks Okay, and I'm not recommending that you you get in here, but if you did because you know, we don't want to We don't want to recommend trades. We don't want to like, you know, have people go Well, I I followed you and I took the trade and and I lost and now you guys suck That's not the you missed you missed everything you missed the whole point Okay, is the move here the order flow is strong. We're looking for the direction to continue Uh, and uh, we got it Right, so we read the condition of the orders. We see even that this little kind of like spoof in here Or they're you know layering in three levels. They all pulled at the same time We see a little bit on the bid in here. We see the reaction is buyers. We're looking for our 50 Uh, and then the this one had now the potential and we noted it It had the potential to break out into 52 53 54 55. Okay, hasn't gotten to 55 quite yet All right. Why why did we think that? Well strong buying over here pull back to here buyers still supporting it and then this was really strong in here Buyers more buyers that there's not really a pullback in here. I guess this little move here, right? uh, and then Uh, the the the order book was giving us some good information in here Okay, so more buyers they're pulling here. They're adding on the bid Great looking for the move up. All right now uh You reduce some risk along the way You made some profits And now look at look at the sellers come in Okay, so you just you I'm hoping uh that You know the management in here taking some off taking some more off Along the way And you could still be in it and you can still be bullish in here Okay, no question It's just a it's just a pretty strong pullback Or you know, uh quick move back down to 38 50 Right, but uh, I don't know. I this is why I like to look at some of these measured moves Why I like to take some off at some of these areas and just and just exit Uh, uh, look for the next setup that I think is higher probability Right. I you know, this is where you got to find out what works best for you Um, I find that works better for me, but let me tell you I can't tell you how many times I'm kicking myself When it comes up into 60 70 80 And all I did was take up, you know, take off some here at like 53 or 54 Uh, on the other hand, like, you know, sometimes many times it's it's reversed or I see something in here And uh, yeah, it saved me Right, but one thing that's really nice in here and I I would suggest this Is that you consider Uh, when using some of these order flow techniques Consider building confidence by taking these smaller trades Or looking for these things to work out and then exiting and waiting for the next thing that looks good and then exiting Uh, how do I calculate the measured moves? Yeah, um, very very simply Um, I just look at well, let's use the rectangle. It's easier. Um, I just look at some of these things in here like, um Yeah, I mean here And then basically you're looking for the same thing on on their flag pattern here It's and and basically it would do it. It did it here Uh, up into 38 50. I mean, there's this is there's really no pull back in here Not much to speak of right. This is a very bullish, um, bull flag All right, uh, and then another thing I look at is the liquidity Okay, I'm looking for them. We know that they traded into and through this but then it it failed And then we see this strong action. So we're looking for not only 50, but we're looking for the breakout of 50 Okay, does that make sense because we're already up here. We already know there's strong buying up here. We pulled back Uh, we talked even talked about volume smile in here. I think Or maybe that was here. Yeah, that was here um, and uh, and then we're looking for the um There's just a lot of buying pressure. So we're looking for it to trade up into this higher liquidity here Okay, so I'd like to if I'm looking for a measured move. I'm also I really like to line it up with the liquidity Okay, does that make sense floyd? You know and and there's an order flow sense to this as well in these measured moves Okay, that it's not just I mean there is there is a reason for it uh, so um Let's see if we can kind of maybe piece it together in here I mean basically we're we're looking at ranges Okay, and then we're looking for another range uh Equal kind of range in here. Okay, we can talk about ATR Average true range of the market. Um, this did actually half of it Now we're looking for another bear bull flag in here. Okay, maybe up into 60 now and we know there's liquidity up at 60 Okay, or maybe it just does half right maybe maybe it just did a half retracement and maybe maybe this even fails here It's this is as high as it goes Okay, and it and maybe this fails and then comes back down below 50 All right, this is a false breakout Okay, it did not do its full measured move and only did half Okay, enough to stop a bunch of people out Okay, it makes sense why because in here In this big range in here half the people These half down here are likely putting their stop up here Okay, so we've broken it into two and that's why we're looking for kind of a 50 percent Okay, if that makes sense Okay, it's it's due to the range though Right and the and the people in here where where are they going to be putting their stops up here? Maybe they'll put it like you know up Uh into these higher levels than you know a full ATR That's that's a pretty large stop Uh, so hitting about half of it might uh, you know get a lot of people like uh in these areas here They they're basically if you got in down here as a seller Uh, and you didn't get stopped out in here Uh, and you put it a if you put it at the top of the range and you go well, you know I also want to get a little more protection. I'm going to put it up here You still got hit Okay, and it makes sense though that you know you you may put it up here If you got in down here and it's like well, I can't go a whole ATR Or you know a whole whole range move in here. Well, it did And it got you All right, if you put it way up here, you're still in it But um, uh, you got to put your stop way up here and it and it still might get hit Yeah, a macro focus. Okay, um to rec. Let's go over a macro focus And that's exactly exactly what I wanted to go over earlier. We just I've been answering a lot of questions in here Oh boy. Um, maybe uh, we can go over the um Indicators absorption We went over stop runs liquidity changes. Yeah, I mean we're going over the liquidity changes as well Just the absorption indicator. Maybe we can go over another another time on that Floyd, I hope I answered your your question on Measure moves, uh, let's see Mike you're new Investing in S&P which makes about nine percent a year Don't quite understand if you're like holding for the entire year um Yeah, I mean Well with futures. There's a date of expiry And you'll have to roll it over Uh, if you're holding for the entire year, you might as well trade something like SPY Okay, or very very long timeframe options Leaps Okay, so Uh Anyway, and at that point you might as well just uh Uh, you can buy the underline. Um Okay, uh, so All right, let's let's take a look at this higher time frame stuff. Uh, and then um Yeah My let's see the poll in here 90 percent of you guys. Okay, so 40 votes Guys get your vote in 90 percent you guys really like to see this microstructural stuff Uh Microstructural the definition for it is is sub second All right, so we're looking at very low time frames, but not necessarily sub second I mean boy, you know, when you look at some of that sub second level stuff That's a different ballgame book map shows it it'll show it down to you know the the billionth of a second You know we're looking at nano nanoseconds but You know and we can we can gain something from that information as well but All right, so I'll end the poll looks like you guys definitely want to look at more of that stuff So that's good. I mean there's no question about it, right? We got 48 votes in here So get get your vote in if you if it's a no or a yes Um, but it's overwhelmingly Um a yes so far And guys why you're doing it might as well if you can subscribe to our our um our channel here We will go over the more Uh input we get about that kind of information the more we'll we'll deliver Uh on this kind of you know what you request That we're looking at only the s and p just because you guys request it We don't have to we if if most people request uh bitcoin, we will look at bitcoin Hey or or apple or whatever it is All right 53 54 votes, uh 93 percent still climbing Okay All right last last 10 seconds. I'm going to end the poll If you haven't haven't gotten your uh word in All right, and we'll go over more and more But what I want to do here and I'm going to take just about 10 minutes. I think to go through this Okay, all right, we're going to end the poll here. Um Uh, I want I want to take about 10 minutes and this is our whole education in a nutshell all right All of these levels we talked about it yesterday when we look at these Microstructural levels in here are small structural uh timeframes Okay, it is no different than larger timeframes. It really is the same stuff all the market mechanics Is all the same in here. They really are So it is the aggressor that moves price It is the um limit orders here the in the heat map that can keep price from moving by absorbing That buying or selling pressure Now they can also um influence heavily the order book like right in here we see the influence Okay on the bid They pulled maybe some transacted here, but look at this High liquidity here like a point away basically high liquidity here Uh two two ticks away Okay, do we find more sellers? Yeah, we do Right, so this influenced the price action All right, so this is important information Uh, I can show you like white paper after white paper of quants and financial engineers how they're studying this to get an edge or to Write algos that that do precisely this so that they can get an edge in the market Okay, and then they lift that liquidity we get some buyers come in Let's see if they lift this liquidity in here a little bit comes right back up into here Right back back up into 54 All right, so understanding this kind of information in here is just part of the auction process It's all an auction At the highest timeframe. It is still an auction Uh, it is all order flow. All right, so now what we're starting to understand is We're looking at the aggressors in here the sellers Okay hitting the bid And we look look at the bars Look at the dots Look at the price structure in here. Let's take the heat map off for now. Just look at the price structure. We are trending down We see more sellers at lower lows We see very few buyers at these higher highs, but there is some buying in here Okay, so we have a potential now. This is exactly what we do on the higher timeframe exactly And we're looking for actually this high liquidity or we're looking for high liquidity get filled on the bid on the way down here Do we get that? not really um and And then we start to see some buying coming in Interesting still more sellers. We're still going with the trend Uh, it didn't break any structure here. Did not make a higher high Made an equal high Okay, and then we're still looking for more sellers now. Do we get a lot of sellers down here? Not so many Okay, do we get a bunch of buyers in here? Not not really. So it's not really quite ready yet Okay, so now some sellers here a little bit of sellers here And they did break the structure. They continued with the trend Uh, and then we get buyers back in They break this little structure looking for them to come back up and test this one here and then this one here Because this is where it can transact All right, there's transactions there did not exhaust out. There was some Okay, and now if we get enough buyers in here, this is where we're looking for it to go Okay, just based on the aggressor's behavior, not the heat map the heat map we're looking for Well, we don't really know we we keep seeing them pull. I guess I guess this area here 53 and three quarters. Right is where most of it is All right, so what what unfolded here? Okay, so now we zoom out a little bit more we start to understand This move to the downside a little bit deeper We're starting to see those buyers come in they're starting to transact up here again Great lifting it great. Let's see them portrayed back up into these areas here Okay, and it does All right up into 54 and then actually 55 Okay, now this here what we just covered Uh, the aggressors coming in and moving this lower. We're going to take that And we're going to look at a higher time frame All right, and uh, we can look at it in here. Okay, so for example, well, nothing but aggressors in here mostly Right moving it to the upside Okay, well, what about the pullbacks in here? Not bad on the sell side not bad not bad here Okay, but the price action or the price structure Well, we need sellers to see them come back down into these lower levels here To put this in jeopardy because this is a very strong powerful move Okay, since 9 a.m And 9 30 cash open even stronger Right, they are in control of the market. We're looking for these pullbacks This is what we were just kind of going through and and uh, it was basically a small kind of trend to the downside And then it reversed Right. Well, this is a strong trend to the upside And just a pullback in the continuation move here So, uh, that that's what we're looking at in here Now understanding precisely We can look at the candles. We know where the the volume is trading within this price action and price movement We also know Where the liquidity is These are where the sellers are the majority of them at the figure at 38 50 Okay, where are they on the bid? Well, they're down here at 30 They're here at 35. They're here at 40. Okay as price is moving up Okay, so they're they're we're putting together our understanding Of the of the order flow And we can even mark this up and let's um so We can look at our Price structure and patterns your zigzag patterns Okay so what Yeah, so, I mean is any any any question about who's who remains in control just by looking at the zigzag pattern Okay, buyers are still in control. They're still making higher highs. They're making higher lows In here. This is so important to understand and now it's the order flow or the transactions within that structure Just like we were looking at that very low time frame Exactly the same thing. It is exactly the same thing. So lots of buyers up here Some sellers down here not bad Buyers come back in looking for them to trade back up to the strength They broke out We got a pullback here not enough to take it higher and and and just go exponential here at that time Uh, we get a pullback again Okay, and not enough sellers to even trade back down here Start to see the buyers come in back to the strength here and looking for the breakout Okay, same concepts On that very low time frame as we are looking at here on the higher time frame for the day Okay, now that Okay, any questions on that Let's see discord consider cvd and divergences. Yeah, now we've talked about cvd um, uh, marcell, uh Uh, we're and we'll maybe cover it another time if you don't mind I mean we covered it in detail in some of the past webinars recently And divergences, etc Okay. Yeah. Oh great to hear marcell. Okay. So yeah, let it sink in we can cover cvd another time Um, or you know find there there's plenty of webinars. Look it up in the in the title You'll see it in there. All right. So anyway now we're understanding this price structure and the volume within it Okay, and and we we held true On this in here and we went through scenarios to look for what was more likely Uh, uh to unfold here. So, uh, anyway, um, this is order flow even on this time frame All right. Now, uh, if we look at order flow On a much higher time frame Okay, let's start with the daily here Okay, and these are candles now. We don't know where precisely the volume transacted in it We just don't have access to that. This is really not very, uh, transparent here All right, and we talked about it even yesterday that, um Uh, we had a good pretty I mean it was pretty choppy during yesterday's action. It was in here Uh, and uh, we were looking for a pullback and we were looking well during We saw the strength here on the daily chart Here also the hourly chart The daily chart though it just kind of pulled back here on this candle here Uh, and that makes sense here. It's up at the high. It's up near the swing high here and then You know some profit taking we gapped up into that all right, so A gap is strong And uh, you know, we'd look for to trade up to we talked about this 16 up into this kind of 15 16 area Yesterday and retest those areas it did it did that and it pulled back and closed below Today we have the follow-through Right, so we're bullish The hourly chart we're bullish The 15 minute chart there was some back and forth in here which we read and then we're looking for the the breakout and the continuation here now the daily chart. Where is it going? Well, probably Maybe maybe you know up and up into these wicks in here. Maybe a little bit higher here 84 38 84 Uh, if it can be really bullish you to come up and test this swing up here Uh at 39 25 And you get a big green candle for the day, which we may get We may get it's kind of made it outside of this range now Uh, and we're seeing that buyers are still taking it higher Right this what we're talking about in here is precisely the same thing as in here. It's order flow Right. So, you know, you you're trading can be very very simplified Uh, and you're trading plan very very simple and straightforward Just understanding some of the order flow and the participants in here. Wow, we gapped up We we found some strength in here You know, you this would answer even the question for the overnight. What if there was strong buying up here? I don't I don't know if there was I I didn't Trade the close or look at the close Yesterday, if there was really strong buying up in here, I don't recall I think I was there actually, but anyway, I don't quite recall And it you know, then you look for that overnight to continue on up And then those are easy trades too. I mean, you know easy reads Uh, and you're just looking for strength in here to continue All right, again, this is understanding the participants in the in the um, in the market on a much much higher time frame So we can use this Here for a trading plan Okay, we can look at and have understanding on higher time frames that they're still strengthened here Then we can look at our lower time frames and look for Strength and the lower time frames to continue on up and that's what we were doing Okay, we started the webinar by identifying the strong move here of the buyers Uh, and then we're looking for uh, you know in some of these areas in here Who's winning the battle buyers or sellers in here and we're looking for them to trade back up into these areas here We noted the strength Right, uh, and then there was an easy one easier Okay, because we didn't have a lot on the bid in some of these areas and it kind of chopped around Uh, and then we saw I think it was this one in here. Yeah, it was this one Okay, so and and this one was telling us something Okay, that we we see strength in here couldn't get back up Uh, the retest the pullback was to the still the strength of the buying down here And it still accepted higher and we found even more buyers up in here. This is where it was a you know, it was like Okay, they're telling us something look at this little spoof in here They pulled they're on the bid in here not a whole lot But on the bid and we're finding buyers We're looking for 38 50 and this one has the potential it already traded through it But this one has the potential to trade into this and through it It has the potential at least We don't know But the orders and the participants here More likely we're looking for this to unfold Okay, so that's it and it continued here. We just traded up into 55 And I like I was saying I would have been out at 54 and maybe kicking myself When we're going up to 60 Right, but I just look for the next opportunity and get involved in here And then just same process and just look for the next next High probability trade All right, and then just manage it carefully So, you know, you You you build confidence. You build your trading plan. You know that it's higher probability And now you got something All right Stay humbled or get humbled. I love it. I love the title and oh, thank you Yeah, that's your title says it all right there or your your name If you you have to stay humble and you have to stay objective Okay, go through the scenarios If that doesn't happen, you know, what did it do? What was the reaction to some of this market Behavior or some of these participants in the auction? How did the market behave? This is what we want to determine On all time frames and you have to stay humble You have to Otherwise you will get slammed And if and then if you don't learn to get humbled you're you're just you're a fool Hey, David, nice to see you in here. We're just ending. Uh, so, uh, anyway, um, uh, the um Um Yeah, the more objective I have found time and again The more objective that you are with your reading of the order flow On all of these time frames the more likely The the move will unfold in the direction that you're looking Okay, the the once you start to or once I start to look at this and go, oh, yeah, it's got to go up you know because of you know It's just, you know I you know, I had a great day yesterday and and I read this and I think I know what I'm doing now It just you know, that's when I just you get in trouble so quickly. Yeah likely this is still You know looking for this to still climb up into 60 Okay, what are the scenarios though? Right, where do I where do I get in? Where do how do I manage this? Is there anything in here that I'm missing in my analysis in my reading of the order flow here? Well, they're on the bid. We're getting buyers. They're trading up into these guys here still looks pretty good Okay, they did uh lower it a little bit here. This guy did camp come in and stay in the order book here He did get filled Okay, maybe there's a little bit of a spoof or a little bit of a push here on the bid, but that's good right now Okay, and we're just one tick shive of 60 still looking for 62 trade Okay, so what now now look at 60s adding they're pulling here All right. Well, we can come back down to 58 Right, it's possible Okay, you can come down further. Maybe someone comes in with a large order and just sweeps the order book down here All right, so then how do you manage that? How do you stay humble and how do you manage that very objectively in here? Well, take some off before the the large liquidity All right, don't look for that last tick anyway, just some some considerations in here for for um humbly I don't want to say properly, but just kind of humbly or looking for a higher probability For your for your management your trade management All right, all right guys, thanks for coming everybody now if you like this Thank you so much for the feedback on the more of the kind of Microstructural or market mechanical type of analysis And we'll extrapolate it again and again to the higher time frame we'll go back and forth each way We'll start with maybe higher time frame and then and drill down or we'll start with lower time frame and drill up All right, so that you you guys can understand that it is all order flow in here And this is what? This is how just the market works. This is what makes it it Move and this is all based on our Educational course you can you can find it here if you guys want to review it go to book map on our youtube channel here go to book map and Scroll down bonus material here book map educational course click on view full playlist. It's right here Okay, a lot of things we just covered are in parts one and two Okay, so that should be helpful for you And and then we'll go over it again and again in here. So yeah, you know If we were kind of objectively, you know, if we held out and we were like really Stubborn about oh, it's got to trade 60 Well, how's that doing for you right now? You know, we're down at 55 and a half right The going through the scenarios Understanding this reading it objectively that they traded into we got the push here. We got the the aggressors coming in That's all good. Then they pull and we see some selling coming in. Well, we're open then Maybe it'll trade. Maybe it'll break out But we're open to the possibility it may come down here And it may come down really quickly Okay, and it did Stop did did it stop any people out? Not many And then now we're starting to see, you know buyers come in and challenge this little move to the downside All right Okay, yeah, thank you guys. Thank you. Oh boy And uh, uh, janeve Yep, well, let's um Call it a day here subscribe to the channel if you like, uh, and thanks again for the feedback Give us a like in here hit the like button. Uh, we'll do more of that kind of information or, um, More of this kind of content because that's what you guys are looking for Uh, really good feedback. Thank you. Uh, and we'll see you tomorrow with jay trader Uh, it will for the first 15 minutes. We always go through s and p. Uh, and then we'll we'll jump into, um Jay trader, uh, looking at some of his his stock trades. Okay. Thanks guys and uh, we'll catch up with you tomorrow All right. Yeah, take care. Bye