 Good morning traders and welcome to the book map live trading webinar Monday Tuesdays Wednesdays, I'm sorry Monday Tuesdays Fridays. We do the live forward-looking analysis 10 a.m We go for about an hour to an hour and a half and we're gonna go through in-depth the order flow So that it will be current market And we're gonna give some insight to where we think price is going to move next based on our reading of the order flow That matches our educational course. That's online. This is all free. So you're you're getting a pretty pretty nice value here as well as J trader a stocks trader on Wednesday at 10 a.m. And scoppel senior futures trader trader on Thursday at 10 a.m So you can see other traders as well how they are reading the order flow and their specific setups So tune in at 10 a.m. Here in the discord channel This is a pretty nice pretty nice thing that you're getting here All right, let's go through some disclosures and then we're going to jump right into the market 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 and is not suitable for all investors Past performance is not necessarily indicative of future results. This is not a trading room This is an order flow reading room in real-time forward-looking so not hindsight because we We want to learn How to read the order flow and then apply it to the way that you trade, okay? So let's jump in let's take a look here. We're gonna look at the S&P and I don't have any data Okay, I don't know about you guys Also for Rhythmic it looks like here No data, okay, so we can try DX feed Working for you. Okay Thanks, David This is weird Hmm. Okay, waiting. Well, this is too bad. I'm gonna have to restart book map. All right. Oh, let's try that So that's that's a pity because we're gonna lose our MBO data here And we have our where's my rhythmic hold on this is why It failed Hold on a minute guys. Sorry about this We're ready to jump in Rhythmic is is excellent data. Um It's just Let's try this again here us east us east. Okay. It should be what should be fine Yeah, yeah, so The volatility yeah is gonna gonna affect some of it here Come on. Come on. Good morning, Alec. Yeah, that's what I'm thinking to David Just changing servers here. Good morning, Chris Yeah, let's try that So it was up and running just beautifully so that you can see like I mean, maybe this is a good good exercise here It, you know, try different servers and and see, you know Like last week for some reason it was connecting to Seoul out of all all places So I'm gonna go with Chicago area here And let's see if I can get something a little bit better beautiful. All right. We're set. Okay Well, anyway, we don't have the MBO data until starting right now, which is a pity But that's okay. We'll be up and running here and looking at some some backfill data in the S&P We can also look at some stocks if you guys like or also crypto currencies Beautiful. Okay. Okay. Just waiting for a little bit of backfill data So when you start a book map, you'll see this this little divide right here And you'll see it a little bit better in just a minute here when we get more data in here And this is where you can add backfill data Now if you guys are interested in see you'll see a little just right here This is where I started my book map and you can see MBO data here down here in the in the sub chart like stops and icebergs here And then you'll see the rest of this data fill in here So everything to you know, the left of this little area here is going to be the backfill data And you guys can get More backfill data it you have to subscribe to it from DX feed see see the little Break here. That's what's going on here, right? So this is all backfill data to the left of this area here And then everything to the right is MBO data from rhythmic Okay All right. So the backfill data is lighter. It is not as accurate. It is pretty close. It is just it's aggregated a bit though so It's still pretty pretty good quality, but the due to you know the Bids and offers and in the aggregation in there The backfill data is going to not be as high quality and that strips away the MBO Right, if you had to wait for the MBO data to download it would take a long time and that's why we do it All right, so otherwise it'd be great to have MBO data for the entire time, right? It's just it's just too much Okay, let's take a look here and see what's going on We can see let me add in more here pretty choppy in here And I don't want to put that much in We can put in maybe six hours Let's put in 12. All right All right, so interesting structure here really back and forth after the cache open It's up. It's down. It's it's up It's down new lows new highs and then new lows again and right back up So I'm just gonna pose a question right off the bat from this cache session in here Uh Who do you guys think is in control in this market right now? sellers And then why do you guys think sellers? Higher time frame. Yeah. Yeah, we'll take a quick look at the higher time frame as well and Here we go Yeah, so higher time frame I would agree with you like sellers from this point on just in just went from this what we have here from You know the european session here You know, this is where sellers really took control, but it's really In my mind like, you know, I see a lot of buying coming in here too And then I just see a lot of back and forth in here So just what we look for in terms of who's in control is The dominant force that move price away from an area and then it stayed away from that area, right? We're getting retest back to it, but it has not broken the structure So then in this case, we would say sellers are in control from this point on But you know from this time frame right in here after 7 a.m. East coast time buyers took control So this is how we start to mark up these areas in different time frames. So sellers in control from here A lot of consolidation down here And and then buyers come roaring back in but they're still not Able to kind of shake the sellers yet Okay, so that's what we're kind of looking at here In in those time frames right and then for the current time frame or current market activity It is all over the place. I mean like buyers You know, they're out of control right here sellers try to take it away We went over this in detail the other day in choppy markets and You know You see where buyers took control and this is where they're really tested and then look at this buyers try to take control again And then they're they're tested and stopped out like, you know Here's here the sellers come roaring back in and then down here a little bit of chop And then buyers come in again and again a couple a couple legs here And then sellers take it all the way back to new lows Okay, even in here you see consolidation and then a drop I mean, they're just testing each other It's coming back to this area here Here's where buyers took control in this small time frame and now they're getting put to the test Okay, and getting stopped out So It's really all over the place I I hope let me know if you have any questions about that What we're looking at is the strength of the move and the dominant Aggressor and then the structure like the swings the highs and the lows And that's what's giving us some insight here And and now we're getting a lot more clarity like, you know, like they've dropped it to new lows here again So sellers are in control from this point on Okay, you really it's actually way up here But I like this little area of consolidate just a little consolidation here and then they dropped it So if buyers are going to come in and we would assume buyers would come in Based on this environment. This is where they're going right back to 95 here Okay Now the one thing that we have to be tricky or careful about here In and we saw this on friday, and I do want to go through a little bit about that on friday We saw some great stuff. I thought uh, and then the trending move took place Uh as well Later in in the session, uh, so This uh looks like that trending move potentially could be that trending move here Just because and we and we just need to be open to that in the order flow Because they were not even didn't even come close to making a high or high here or even an equal high Right. So sellers are really in control from this point. Uh, you know more in control, I would say From this point. So Anyway, you know buyers are going to test it But uh, you know, we're we're really seeing some some pretty big wide Swings here And yeah, I would I would look for these these buyers to try to reach right back up into these areas up here Maybe maybe even here. There's a little more volume there. You can see a low volume node here So just because of this structure and where they broke out from I would be looking for the test back to that or this So let's just try to quickly mark up a zone here It's this little zone here from here to here Okay, so 92 95 or so and it's getting there it's getting there still looking for it. Um, and uh Just just based on the structure. We're looking for it And and and the action between the buyers and sellers so far Uh, 4403 is your under over Okay So way up here. All right Yeah, yeah, I mean, I I'm looking for the test here and like, you know I guess what you mean by under over. I mean, I know a lot of people refer to under over Uh, I I call it like a pivot. Um, and look looking to see if we can get, you know The buyers up over that area if we don't we're going to see the sellers and I'd be looking for the trend continuation here Um, but uh, yeah, we're still looking for these buyers. Let's take a quick look in here I do want to like zoom out and I do want to review a little bit on friday But I want to see these buyers come back up into this zone here. Okay, so we get a little bit of skew in the order book here Uh, they're down here. They want to buy at a higher level here Get 82 82 50 All right, and then here we go now Here's here's where the see them pull here and look at buyers come in and here's our skew in the book So looking for the move now Right looking for the move up in our 92 95 zone now Right that was quick But they were doing it and and was this this liquidity in here that came into the book with along with these buyers here And then pulling so we're looking for that that quick move now up into our 92 95 area here So 90 92 50 or kind of where we you know drew this here Um, that would be the first Stop Okay, and we talked about this too about you know starting to wrap a strategy or you know trading strategies around some of these order flow readings Uh, and there's many different ways to do that and we can cover a few Uh, you know one one would be to you could place a buy stop up here Uh and go into the market. You can just hit market buy once you start to see that edge And then you'd quickly, you know look to to reduce that risk And achieve your your minimum target Uh and consider like maybe that's just a small trade. It's counter trend Okay, we know that so maybe on counter trend trades just get out All right, just uh, uh, you're not looking for anything more than that and you're looking actually for the bigger move But uh, maybe you want to just use to see an opportunity to go for it And get that counter trend trade, uh, and you know scalp maybe, uh, you know four or five points out of the out of the s and p here Okay So you can even see look at the retest here Back to where it broke from here. This is a little tricky here because Um, uh, it's below this little swing. So, you know, it looks like try to dupe some sellers in here and then pull away quickly Up to that 92 and a half and are to 95 area here. Okay, so it's just just reaching our our first target right there Uh, and uh, yeah you know You'll have to study it your trade management. You'll have to go through it like that that's up to you Uh, there's so many different ways to trade and what your risk tolerance is what you're comfortable with How much size you have that you want to trade? What is your time frame? All of these are massive massive, uh, uh, distinctions here for or You know, uh elements here to Determine how how you want to you manage your risk and we just went through four or five different ways Okay, so uh, uh, anyway, um, yeah, look into it, uh, you know Like if it's a counter trend trade and in a down trending move take your profits Then you know, I mean you can consider something like that. These are it's not financial advice. We don't give that here We're going through order flow All right, and I just want to address that Uh, the way that you might consider uh using it All right, so anyway, that's our first test and then we're going to Look for are we going to continue a little bit higher? Or are we going to see sellers come roaring right back in and we're starting to find our sellers already Yeah, let's see if they can push it down to 85 here or we're going to get one more push Back up into our 95 ish area here Nice stop run there Book is thin the book. Yeah, it is uh, boi. It is it is, uh, funny to see the book like this in the s&p But hey, I mean like for us. This is great. You know, uh, you can trade the the s&p like and like the nasdaq Uh and look for these quick moves and like scalp four or five points I mean like boy, you'd be waiting all day for for that like, you know some months ago You know, you'd be looking for scalping try to one and a half to two points Here, you know Heck it was like what here breakout was 87 on up to like 92 93 There's our move. There's our move guys and huge stop run. All right. So let's watch this here now This is what we have stop run up into this area. Um, and uh, we we, uh Know that the sellers are in control Okay, now this is uh after that stop run we we see new buying coming in here Okay, so we know that too. So this is kind of interesting. I was not Anticipating that I was anticipating the sellers to come in right after the stop run here Okay, get everyone, you know stopped out Uh, and then uh looking for sellers to come in Okay, we're up at 4400 the figure Okay retest right to it Okay, and this swing up here now too Okay, now let's see if we got our sellers now now. Here's what I'm looking for in in terms of sellers This is what we covered also on friday and I'm going through this quickly Uh, and and I will I will get to um more of it here, but uh, here's our stop run in here Okay, this in here. These aren't really this is like new buying coming in because it's not stops So if we can get now this might be the fuel to the fire to the downside So then our pivot is somewhere around in here basically, you know, uh 90 or 92 and a half area Where we just kind of we're looking for that as the first target So we're looking to see if we get sellers down below that area here, uh, and then get the trending move Uh cvd is barely cvd is um, we can we can cover some cvd strategies as well, uh, uh luis, but um Yeah, I mean Yeah, we can we can we can take a look at some cvd, uh as well I just think that the stops and icebergs is just giving us more clarity Uh than cumulative volume delta and cumulative volume delta. We can also just read it in here You know, we know that it it's we're going to see cvd buy Just the upside here You're just looking at divergence. Yeah. Yeah, I mean, we're we're going to see we can start to look at the the chart and and start to understand Divergences etc Like buying up here and then like there's going to be some I don't know if there's going to be much divergence in here because there's some some more buying in here But when you start getting up here and you don't see this kind of buying in here, we're going to get divergence Uh, and uh, and then you know, we're we're looking for maybe some exhaustion some sellers start to come in And then the move lower. So here here we are. We're down below our 92 50 here Okay, so Looking for sellers now to try to take this if we're going to get that trend continuation Uh, and we're looking for them to uh, really push it down below here Okay, so that's the the primary scenario here Okay, and not looking too good at the moment. We're looking for I see some buyers here So I'll probably shoot up again one more time up here to 4400 150 icebergs Transacted up here and there's still more They're still in the order book here in the live market And buyer buyers are kind of struggling here Right. We've seen this one a million times like they're not making higher highs. So watch the sellers come in now Yeah, here we go. All right. So looking for these sellers to try to move it Okay, now be careful here. We want to be really careful. We're looking for sellers And this is not much. I mean the selling looks good, but it's not much of a move There we go. Now they're going to break it. Now, let's see. Let's see if we can get a continuation here Now we just need to be really careful here. Uh, this is what was it was so trappy on friday Until it started trending But yeah, I don't know. I think it's worth like, uh, you know If we if we zoom out and look at kind of the bigger picture here Right. We're starting to trend Uh, is this here that gave us some insight Okay, and and a heavy selling coming in. So we're looking for trend continuation at this point All right, we were looking for a pullback. We got it. It even went more Uh, to the figure here and then now now we're looking for, you know, trend continuation here So sell side below our 92 50 area here And just have to be really kind of careful in here And that's trading. I mean, you know, you got to take the risk Uh, it's it's part of the game Uh, ways that you can do this is like, I mean, it can be very frustrating, but You know, you get in here and you you have a tight stop Uh, try to take a little bit of profit and give yourself a little bit of breathing room Or you just wait for a much cleaner setup Right, because this is not very clean in here Right and that this can happen to you. Uh, is exactly what we're talking about here So they're going to try to go for this 4400. I think one more time here Right, this is false advertising here Underneath that 92 50 trying to get people to go short and then get the squeeze going here Yeah, I mean, I I find that kind of ways to manage these things is just like just, you know, get out Let it let us do it its thing or if you see something good and you and you know this like then you can even reverse and and look for Uh, you know, maybe coming up to these swings or this liquidity here After a stop run to I want to I want to see these guys get stopped out before I want to see stop run the stop run basically Yeah, yeah, so a nice nice nice proper fight going on right now. Yeah, exactly. Uh, this choppy environment here Here and then here nice little, you know, take control above it And our line was back here. Here they go Hit it And let's see this guy wants to get wants to get filled here. Let's see how much let's see how much of an iceberg this guy has here 150 is not bad But he just got filled up here And there's it looks like there's a couple icebergs up there see the slash two That means there's two different icebergs there And in the current market, there's still two we can take a look at it They're at the same price level Yeah, all right, here we go Okay, so we had to do that and we have to get right back down now sellers are gonna take it Let's they should be able to take it now all the way down to The 43 75 that's the primary scenario here to hit this liquidity Okay, so they had to One more little jag up here and then and then sellers come in one more time here and they should know that They should be able to move it now The bid looks pretty strong in here. They're bidding up I'm still looking for for these guys to kind of pull on the bid here And looking for these sellers to try to push it down into this liquidity at this point though Okay sellers, let's see it. Here we go second leg And let's see the push Another thing we're going to look at here because this is really, you know, there we go there here they come Right. I want to look at some other correlated markets though because the bid is kind of strong here It's interesting to see that Okay, there's our stop run 226 not bad Not bad. It's not like this 849 though. Um, but you know, that's where you'll see a lot a lot of um, I think, you know algos or You know traders like, you know get in back up above that stop run And try to get one more kind of push here to the upside but Anyway, primary scenario still still to the downside regardless of the stop run Okay, until we see something different. Let's see it sellers. Let's see it right here and Let's see the push All right. So sellers below this would be would be nice to see right here at this, uh, 81 43 81 Okay, looking for that We can even zoom in and look at a little bit lower time frame here sellers below here And then the push down to 82 or 81, you know, something like that as well I mean there's all sorts of ways to pick this apart and and trade it You know, look at a small much smaller time frame Just look for the move down here and then you can take some profit there you go But we're looking for a bigger move here, you know, we're looking for because we don't know, right? Like these these little moves are pretty high probability I I feel when they when we get something out of it. It looks it looks pretty good Um, but for the bigger move, we're looking for the move down below the 82 or 81 here, right? That's where we just need to see the size, uh, and they really need to come in now It just takes a couple rotations here. Let's see if we get it on this rotation here Looking for the sellers here looking for the drop And let's see if we get it. We should get it here. We should be able to get it by now Anyway, that that makes sense that we're talking about the I mean, you know, you you can You can even trade you can the counter trend trades or you know the trending trades You know, you can you can you can play the smaller ranges Or the bigger ranges. We're looking at everything in here Uh, and or, you know the trade back up to liquidity And then looking for the sellers to rotate in and then the trade back down to high liquidity on the bid on on the bigger picture Yeah, sure. Uh, geo we can go over my iceberg settings. Um pretty simple Uh for the sub chart is it's about as simple as it can get I'm just using summation I like it. I like it a lot. Um, I know that the you can see the axes here. They're not aligned With the icebergs and the and the stops because you have to know that Uh, and uh, I'm fine though because I just look at the reference here I know that there's some pretty big iceberg buying in here And some selling in here. This is not a reset here Right, and then I also know this is a massive stop run Uh, and then I can look on chart and look at the numbers And um, uh, so it so it gives me kind of a reference here Uh, and this is like cumulative cumulative volume delta the way it's set up Just buy minus sell streaming kind of over time Come on sellers. Let's see it. We got another it's been rotating back and forth and back and forth in here Looking for the sellers Looking for the drop Low lower liquidity here or high liquidity here lower on the around the 73 74 area and then also 70 and also 50 down here Good selling there stop run Okay liquidity there at 81 And it seems to attract some buyers So the buyers go for it here That gives it gives us a little bit of insight to the back and forth nature. What's going on right now Usually you see this kind of liquidity in here You know, we're looking for it to we're looking for sellers It started with a kid. They came in and buyers wanted it. They went after it So that gives us an idea of the appetite here. So yeah, they went after it again here Right, we're looking for the sellers to come in here and drop this and then we got insight here Uh with this liquidity that came in here. Usually this is what exactly what we're looking for is as the push to repel buyers Okay, instead instead here. This is a good example of that A high high liquidity very short term though And typically that short term high liquidity repels Price away from it. In this case, they were attracted to it. So this is our context And we start to understand. All right. Well, if they can do that, they're gonna they let's see if they can go if they have that Appetite for they're going to go for the higher liquidity here 85 Okay, maybe they can go maybe they can even like get a bigger trend starting to go up to 90 Okay, so here's again our that that that same thing we're looking out on friday. We're looking for the lower liquidity here selling looks pretty good then we got insight here And we're looking for it, you know to to go back up and test some of these some of these areas here because we know Buyers are in buyers are interested. We didn't How would you ever know that? I mean like I mean we knew that because of this this liquidity in here Right, and we had to we had to to shift our views at that point Okay, here's our pivot on this small time frame Yeah, so this could be closing positions. It's true um, yeah, I mean whatever it was it Um, we don't know. Uh, we just know that they wanted that liquidity Right, and so there's some there's some buying interest in here You know, we we know that so, you know, we kind of make a shift in a change here now It's kind of kind of like the the winds changed a little bit or or so Yeah, so see look at that. We're going to get a huge stop run here just massive. You already see it here But 268 I'm looking for more stops than that and let's see if they can get up to 90 here 90 liquidity It's really it's it's back to this kind of treacherous, uh battle back and forth in here now we also know that you know bigger picture like The sellers are in control from this point on on from the days activity in here, uh, and uh You know and we're still down below these areas here. So I mean, we're still sell side We're just starting to see a lot of buyers come in at the moment And 90 liquidity is kind of funny area too. I don't know why here Out of all the sudden I would look forward them to come up and test 92 and a half Okay, or maybe even higher maybe back to 4400 but like we're still making lower lows and lower highs that that's there's no question about that Okay, higher time frame. We're still doing that and we're also looking for our European close Uh and see what might shake out after that like, you know, really really choppy activity in here Uh and then now after that European close we can start to look for maybe more pure direction Okay stops are Mounting a bit more. We have 400 almost 500 In here that looks pretty good. We're kind of looking for that. We made it up to this 90 level here And let's see. I still kind of like this 92 and a half um So we'll take a look at that Also, uh Yeah, we can look for that scenario sellers starting to come in. Um, there's they're already starting to a bit Total exhaustion up here. Hey, no buyers up here. So where's that buying appetite now? Well, do now do we find sellers interested? Okay, if so Looking for 87 and then back to 85 here Okay, 87 and a half and then 85 Hey, here's some liquidity on the on the bit or on the offer. I'm sorry Uh and the reaction was some selling So let's see if we can get a bit more selling in here right back down to We're almost at 87 looking for 85 though Right. So again, this is kind of what I was saying like, you know, you can look for these moves and trade back Even just the retest, you know to 85 now the bigger move what we're looking for is the move below 85 Okay, but you could already get in here looking for that weakness trade it back down to 85 take some profits Uh, and uh, and this is just a consideration. It's it's not a recommendation. It's not financial advice Um, we can we can look for a move back down here Take some profit your and just some Uh, and then hold some because you're you got a really good position up here, right? And now you'd be stopped out at break even basically You know, but you gave it a shot here looking for these sellers to come in and trade it through 85 You know or you know, if you're higher time frame Like and you got involved in here your stop would be up here somewhere And uh, you know 94 93 uh, and um, you're not you're not too worried about it You know, maybe you're just you're looking for this to work out and you're looking for them to trade through 85 It's just going to take some time And you active traders could be building a position Okay, that maybe you took some off you moved your stop to break even Or not break even overall break even uh on the position Okay, we've covered that many times You know it would be something like this Let's say you got in here Took some off down there And we'll make an equal one here edit this Yeah, and your overall stop would be up here, you know And that would be your overall break even on the position Right, so you gave it a shot and then let's see you might get stopped out here at break even overall break even Right and again, like, you know, you know how how scott talks about this here Uh, he doesn't even care about doing this and managing your trade this way Uh, he's just like, you know, look, I want to get into this area here I'm looking for it and then he uses ATR Uh, and then he'll place his stop up, you know away from some of these swings And that's that and he just lets the position run Okay Quoting quoting scott. It's always about it does not the market does not care about your stop Um, so I place it into the area where you know, it shouldn't go basically All right, let's look at a little bit of countertrend here And see what's happening here Oh, I love I love seeing I love seeing if the buyers come in come in here and they can't move it All right, it looks like they're actually are they're going to be able to move it here So I think I think they're going to try to get about back up in a 94 here. Yeah, here we go Yeah So back up. Okay, so we made it that was a quick move. Um, so yeah, you would have been stopped out at break even here Overall, but you gave it a shot And in here What I was what I was about to cover was like this buying in here. This is these can be such nice moves and in the the order flow read Buyers here and you know, and then they can't make a higher high They can't even make an equal high to some of these Areas over here And then you get less buying and then you you see them buying like down at some of these areas here And then like maybe you get a little little A little bit of selling then a retest and you get buying at a lower high and they're just trying they just can't make it though And oh you can we we can see some really nice moves after that To the downside All right So let's see here. We're kind of back down now looking for the break again Once again here looking for sellers now And let's see the move move it down to what we're looking for Like previously this 85 level so looking for them again here Okay, there's a bit of exhaustion. Let's see if we get sellers again here Okay at around 89 and a half buyers still still streaming higher here Still streaming higher Yeah, I was looking for this break of this trend line here And you know the trend line is good. I mean we is we have a diagonal here But we also have this area here right here where buyers bumped out Above this this swing here the swing high and then sellers down below it here So looking for them to try to push it through Yeah, and and again, this is that trade back down to here and this trend line, you know, you see that exhaustion or That equal high you see less buying in here looking for the sellers to come in at least test it down to here Right and then try to hold it for a longer longer term position and you got such a good entry Right and then you would you would be taking your profit here some of it It would be a quick scalp from like this kind of 94 down to about 92 Right Something like that Again, these are just trade management considerations. It's not it's not financial advice Just you know trying trying to help and and look for many many different ways to to kind of You know help help your trading Uh considerations in here All right, here here comes our bigger move looking for the bigger move to unfold now We're down below here sellers are in control looking for 85 looking for 80 looking for lows of the day Or cash session here at least down to 75 now Okay, they broke this area here Uh, and then try and looking for this these sellers to try to take control here Okay, there's 85 Ignition algos. Yeah, sure. Sure, David. Um The s and p you don't you don't I mean you see them Um, you see you see them more on on kind of thinner Markets, uh, they they really stand out better Uh, but the the the goal of the uh, and and it it's a just it's a prohibit prohibited practice Um, you know, you're not Uh, you know, you yeah, you can be punished for it. Uh, you can be uh found, um, uh You know guilty of uh, you know Trying to uh manipulate the markets. Uh, so the um Let's see if we see anything that kind of resembles it here so far nothing guys. Here we go. Here's our move Okay, look there's our 85 Okay, and now looking for that that continuation here now See, see how if you got in up here looking for that move just down to this area here You're you're sitting so pretty Right, you you got in you got out here just a little bit. You you've moved your stop to break even overall, maybe Um, let's just go through the scenario here You know in this one, you you know, obviously we know how it kind of worked out Right, but here's where you got in and you got out basically something like this 94 down to uh here 91 so three points right, uh, and then here Uh, you could have your stop at break even so pure purely break even Or you know, you can move your stop back up here, which would be the overall break even right up at here at 97 Uh, and then you're sitting pretty, you know, you're looking for that move to 85 We got it. Uh, and then it's up to you like at this point here. You might as well hold for the longer period You know, or if that's not what you do, uh, you know, and you're You already see the break a back up above 85 then you'd you'd be out, right? You know, this is where though you can kind of manage get that smaller trade Uh, but then look for the bigger move Hey going going with the trend So nessus is kind of like a small like a Range bound trade from the outside in and then you're looking for holding from the inside to the out Right something like that if that makes sense Uh, let's take a look at your image. David. Yeah. Yeah, this uh Is that ignition? It's it's hard to see. Um in here, uh, you know that um Let me show it here Is this this is what you're talking about down here, I imagine, right? Um, so polled added higher very very very quickly Uh, it's hard to see what happened here at that point though um, so, uh, you know, maybe it was uh Let's try something here at least I can get an edge into it Whoops I didn't want to do that Okay, hold on I'm gonna go one more. I still have we still haven't looked at that higher time frame yet um Okay, here we go all right, so here No, it's it's hard to say, uh, David like this is the kind of behavior you're looking for But you're looking for it to be very very aggressive Um to try to skew the order book here, uh, and then trying to you know drive price maybe back up into their, uh Orders, uh here on the offer right, but this is pretty far away from current price So, you know, I don't I don't know what this really is here And I don't know if they finally polled and then right went right up into this area here It's kind of it's kind of hard to read They could they could have you know, this could be them in here But hard hard to say Okay, so you you guys can see that the trade management here We've been talking about the move to 85 and then if you're still in it or a break even Even if you went to the break even around in here 94, you're still sitting pretty You know and you and here's our here's another kind of But I don't know if I should refer to under over or pivot, but like here it is Um, you know right right in here again same idea above it Sellers below it boom looking for the trend continuation Looking for 80 and below Okay, there's 80 or it's just just about to trade 80 They should hit it. They should be able to hit 80 We've been saying that though and they just pull away from it. Um, but yeah, come on, you know, the liquidity's here guys Look at this. Look at the gaming. It just cracks me up Does this guy want to trade? No And and the and the buyers are trying to take them on too. They're trying to deal with them Okay, here we go sellers. Let's see if we can push it now bigger move is is is like we said It's still sell side here. Okay due to our structure Okay, due to our higher time frame structure Okay, this was a mess until we finally got We see this move outside and then this retest this was just like friday Um, the the retest backups here where they dropped it and they couldn't get back up higher Looking for the sellers to try to take control here and and move this lower All right, so that said let me um Let me uh, also get to the um Higher time frame here. We we we didn't do it. We usually do that. Um that review Uh, and uh and try to figure out our our higher time frame levels This was the level that we put in uh last week and uh on friday It blazed through it all the way back down to this swing low here Right. I was you know looking for them just to try to go maybe below this swing low here, which was uh, this was back on uh uh, what 10 a.m uh On the hourly chart. I don't know what day that is uh But anyway, yeah So looking for it to maybe just go just below that and looking for buyers to come back in We blazed through it. This is going to be become the the the retest area back up into here back up into uh, this kind of 44 Uh 40 uh, and then even 50 up here, right? Uh, if we get enough buyers, you know Maybe something happens like with the fed or uh kind of uh geopolitical tensions that are happening right now in europe You know, maybe that's uh alleviated. We'll come flying right back up into some of these areas here. No problem probably back up to here but um Anyway, you can see that uh kind of struggling to go a little bit lower right now On this uh hourly chart in here Okay, the daily chart here. There are wicks down here. So you know that actually Look pretty nice This was our swing here that we're just looking at on the hourly And I went below it and we retested this swing down here And we're still down here Uh 15 minute chart look at the wicks. We're heading down But look at the wicks in here. It's just back and forth and back and forth and back and forth Uh end of the day here also looked uh like really back and forth after after looking for that bigger move and it unfolded really nicely here Um, here was here was the back and forth. We were looking at yeah, let's go over that that that was uh, this was great Um, really really enjoyed this. Uh This was the back and forth and the back and forth in here and then it was this candle in here I remember it around 1115. This was this little one right here. Let me let me make this bigger here 1115. Yeah, here it is right here Right, so we're it was all these wicks all this back and forth like you know getting one Traders on one side stopping them out on the other etc. And then we had one move down And then the retest back up here. It's like this is telling us something Right, so we're looking for now the continuation this this here this little candle here this 15 minute candle um And uh and then look at the time as well. We talked about that on friday 1115 European close looking for all of that chop to kind of looking for a more pure direction now It it it went lower and then it chopped again, but you know it just You know once we see these these other candles back down in these areas. We're looking for the follow through Okay, and the and the drop back down into some of these other previous swings Uh, and that's what it did. Uh, it just wouldn't even further. Um, then uh This level in here. So so anyway, it was this candle in here, right? So that's what is i'm saying is is really similar to this in here Okay, so what time is this this is at? Uh That 1015 Okay, so let's take a look here on our candle 1015 It's right here. See look at the huge wicks both sides here. We'll probably look better on a five minute Um, so let's try that Yeah, so here's our 1015 candle. So so here it is like back and forth back and forth. Okay swing low retest back up into where it dropped from and this is bearish Okay, so this is really very similar to what we're looking at on on friday Right, so that's why we're we're still looking for this to go lower even though it's been back and forth in here during this session Okay, now we we have to we have to be open though Like that's one of the huge things here with with order flow Uh is uh not to have that bias and and kind of ego attached to it. It's like wow Okay, well if if we start to get buyers back up into this area in here Okay up here around this kind of uh 43 95 area because this is where they sold Right if we get strong a strong candle here and a strong move up to this area here We're looking for it to come back up to uh, 4400. Maybe even up higher Okay, oh seven Okay, some of these swings in here. So we're looking at the order flow Uh and these areas in here uh to be tested potentially Okay, based on the order flow We're just all we're getting here from this candlestick chart is kind of some structure and ranges So you can see they this candle just closed here Uh and it it made a lower high here yet again And now you know we we'll see though, uh if um, this is what I just can't stand about candles It's like I don't really care what this candle says right now Uh, I need to see the follow through. So what does the order flow say? So let's jump into book map here All right, so let's see if we can get sellers down below 85 same idea here. We've been looking at All right. Do you guys have any questions on that? Uh, let me get let me bring up the questions here. Hold on Okay, David. Yeah, you got some more images in here. Nice All right, sellers. Let's see it 40 43 80 And then continuation here and and I want to see a big stop run underneath here I want to see a really big one. Let's read this in here There's your ignition. I'll go David right there. There it is. Good one Okay, now did he did he trade? Yeah. Yeah, he looks like he traded right? Uh, he's getting filled in here. So he's pulling too. So Some of it's getting filled and some of it's pulling here. So, you know, this is this is how, you know, these guys can get away with it Uh, here's 90 in the order book here Right, we don't know the overall size of this uh ignition algo in here, but uh, here it is Uh, we don't know the overall size, but we know they're pulling Right, but from here on up like and then from here on up and then in here it went from yellow to I mean, you see orange to kind of white A little bit more yellow. So they're adding a little bit more and then they start pulling and then they get some transactions Okay, so now is this guy in the hook legally? No He traded he can move as many orders as he want. You know, however he wants Uh, you just can't spoof it Uh and try to get, you know skew the order book to try to get 87 filled up here Right, and then, you know sec fta cftc, whatever it is They'll have to look at it and and say like, okay, was this guy the same as this guy up here Or is there some sort of relationship? Then then it's you know, it's not good. Um Then then that's deceptive And look at this just wicked stuff Uh, this one if that was their game is highly successful Still still looking for sellers though and trying to try to hit 80 80 again They already hit 80 once Looking for them to hit it again And let's see if we can get through it now Let's just zoom out here because we we got to go through that opposite scenario. Let's look at the dots Let's look at the uh, here. Let me just take the heat map down and let me take my drawings off here Uh, so, uh So we can get a little more clarity in here All right So let's look at the dots. Let's look at the structure. Let's look at the bars as well Uh and uh kind of overall here, you know, where where do we see? You know, we we know from the the dots and the structure. This is where the sellers came in Is the retest back up here. This is where sellers came in and took control This was that 1015 candle. We were just looking at And this is the reaction here. This is why we had our kind of uh Uh primary scenario as a move to the downside And they even retested back up here, but this is as far as they got Okay, now here This is this is beautiful here. The here's our bind Not so much bind. Here's bind This this is just going to be a disaster for these buyers here Right, so now we're looking for the sellers to really push this here Right below here You know, the buyers just they Now who knows? I mean, maybe they come in and they we've seen it many times and they come right back up to 90 And then they come in with big size and they'll move it right back up to this 4400 Right, but the the concept is this in the order flow bind Lower high bind lower high bind Can't do it and then the sellers are getting here and then we see nice move to the downside Right, if they can't make a higher high here, like they're just in trouble And watch these sellers come in and just just hand them hand them their head Anyway, that would be the primary scenario yet again All right, and then looking for them to try to push it through here Does that make sense to you guys kind of understand some of the order flow? Like if they can't make and now we we never know But you know if they just can't seem to do it Well, where are they going to find the support? Where are the buyers in here? And we just don't see them right now So we're going to go with sellers sticking it to these guys And get the move lower here Well, one thing David, I do want to point you toward this I think this is one of the it's just I find it amazing to be honest Just do a quick google search for rule 575 And then read the PDF here. I'll put the link into the chat And then and then here just what what what you can do here is Look at Disruptive practices in here. So for example do a search in here in the PDF So search or control f here find and then let's let's do ignition Right, and then they're going to define it for you Right, so this is pretty objective stuff. We're not making it up at all You know, it's it's you can read through here a momentum ignition strategy In quotes, that's that's what it's called Occurs when a market versus participant initiates a series of orders or trades in an attempt to ignite a price Movement in that direction or related market In that market or related market, right? So that's what we're just talking about And there's more there's more there to read like it I love this document. So now now what you need to do is all you need to do is like read through this And then put it together with The order flow and book map What does it what does that mean and what does it look like in book map? Spoofing and layering flipping we have a nice video on the flipping so You know, etc. All right. So now what happened here? Okay, we were looking for you know lower highs Buying on some of those highs where they just couldn't do it Right, uh, they're gonna they're giving it one more shot here And they they have they have a chance here to try to reach back up to 90 and 93 here So because they're back up above here Right, they didn't get down to 80. They never even traded it the sellers never came in and put it to them uh, they just they were able to bring it down to uh, um 80 and a half or 80 and in a quarter Oh, thanks, Doug. Yeah. Yeah. I mean, it is great. I mean, I love it when the CME will do something like that Uh, and it's like, okay. Well, yeah, sure. Here's the definition Uh, now, uh, let's just what does it look like in book map? Oh, here we go one more move One more move. Okay sellers now they got all these buyers on the hook here now too So they can really stick it to them now like we should just see a beautiful stop run here down to uh, our, um, uh 74 level down here I it should be just beautiful here And look at that It's even a lower high here even though that they got kind of above this little area here 83 or so It's still a lower high and they're still buying there And they're still buying in here Okay at at the low at the low though Okay, I mean we got to be careful. I mean if we get back up here our our mind will change and it's like, okay The buyers are actually the ones who are going to take control But right now we're still sell side here Not until we see this other event unfold And there's a lot of buying in here and like it's just they can just get annihilated here Okay other scenario. Okay, so here the buyers coming they're gonna they're gonna try to lift it Okay, this is our our european clothes coming up too guys. So be on the be on the lookout here All right, so buyers are going to try to lift it back up to the swing and maybe maybe even 90 here Maybe Yeah, looks like they're gonna go for it. Okay, so our primary scenario Is not working out. We're looking for buyers now to lift it. They are starting to take control Hey, they're back up in these areas here All right So that's our secondary uh and and it's starting to work out. So looking for 90 And let's see if they can get up a little bit higher now too. They'd need higher time frame. So here again This is the same consideration here Is okay once we start to see that change And you start to see those buyers come back in We're looking for the move to 90 And that would be your small trade And then you can look for your bigger trade Is is above 90 Okay, and even even above 95 here, but now we're kind of looking for 95 Uh, and then we're looking for 4400 Okay on these on the buy side here. Okay, and now this should be a nice move too Okay, one way or the other is going to be a nice move It should be Okay, so looking for 95 and this is strong buying Okay, and no stop run yet either. So this is strong buying Right Guys one thing we we haven't done this in a while, but I just I love it like looking at the correlated markets You know, what does it look like there? Uh, are they kind of behaving here because like once you get all ships turning around at the same time It's hard to stop that momentum It really is so like we're looking for that too. I don't have the Russell up right now Um, but NASDAQ is up here and we're getting not too much clarity on the NASDAQ right now. It's just up here This is way more bullish than the s&p though as you guys can see Hey, it's it's starting to make It was even making higher lows in here Right, so if we're going to be following the NASDAQ. Well, then we're looking for the NASDAQ to trade up in this um, uh 37 and uh, or I'm sorry 337 and 350 area right right now and we should see a really big stop run here as well to the upside Okay, so let's let's check out our s&p. How is that working out? A little bit of a pause, but I'm looking for it. I'm looking for 4400 now. We're almost at 95 Okay, so we had to change we had to change our outlook. It was due to the order flow I know that's kind of tough to swallow, but that's just this is what happened Right and then the order flow looks pretty clear now is it's much clearer Okay, does that make sense to you guys? Do you under I mean can you It's a hard it, you know to switch mentally like that, but the order flow tells us Right when we have something a little bit higher probability the order flow like that's what we're looking for On some of these other things like we're going through the scenario looking for it to unfold And we're looking for those like all this buying in here. It's like, oh boy, you guys are going to get just annihilated And then we don't even get down to 80. They didn't even trade to 80 And then and then we're like, well, we're still looking for it We're still sell side and then we saw this starting to unfold and it's like in here It's like wow, they can get back up here They're going to go for 90. They can get up to 90. We're looking for 95. They can get up to 95. We're looking for 4400 And there's strong buying in here and we don't see the stop run yet Right. We just see one one one one stop run here 72 just 72 so far Okay, so we had to kind of um We had to shift Sellers should have moved the market. I I agree and your cvd. Yeah, this is why I really I'm not a big cvd fan I have to have to admit It's not I I like it. It's not that bad, but like I just as long as you Is it put it this way As long as I first off I have to know my indicators. What are they showing me? Uh, and it's just buy minus sell. It's a really simple indicator Um and buy minus sell plotted Uh, so and then you can understand absorption really really easily as well like here, you know, we can just show a really Uh, good example of absorption Uh here Right beautiful example now look at look at price. Here's your divergence, right? These are really easy examples to go through Uh, but here's your divergence. You know, look at all this buying in here Price is still at the same level, right? Look at cvd climb and climbing and climbing and climbing, right? So this is Something's wrong here. Well, what is it? Well, they're absorbing on the other side uh, and um and that's that's You know where you can you know start to piece together your diversions and uh, you know then Uh, cvd you're looking at, uh Again like this kind of reference in here of cvd is very very blunt and and simple But understanding the context of the structure And the order flow within that structure is what we want Yeah, so what you were looking at it was like here. We are making kind of You know lower lower areas in here, but higher on cvd And we know that we know that that this is actually it actually the divergence actually worked out pretty nicely here for you Uh, uh, louis Because uh, you know, there's more buying in here, right? And we knew that we knew that though. We knew that we were just anticipating a big stop run Due to the structure so more buying but lower high more buying lower high more buying lower high significantly lower high here uh in this small example, uh, and um, uh, yet we're going lower Right, so we're just looking for them to get squeezed uh to the downside All right, and then we see this buying in here yet You could you could still be even you know, even better if we can get down below it But this is where we're like, huh, wait a minute Can't even trade 80 Buyers are back up in here to this cluster here and above it Great. Okay. Now we're looking for them to trade it up to 90 And then we said 95 And then we said 4400 and now 4400 is just about to trade 44 yeah 100 okay and our 95 level here that's already transacted Now we're looking for 4400 so anyway And and we're looking for these stop runs too And we're getting them 126 and 77 And trade it come on. This guy's been very patient with this 147 icebergs there He wants to get filled at 4400. He's been in there Well, he's been in there since here Just after 1030 So european close just coming up. I'm gonna I'm gonna uh We're not gonna see any follow through We're gonna just come up to the european close and then I'm gonna cut out here And then look for tom b in the in the traders lab And guys look for your your trending move after You know see see if you can get a trending move Um, I I don't know if you know, we're gonna get it uh or not today I mean the geopolitical stuff is is pretty big right now Uh, it's either or so I don't know if the market how the market's gonna kind of respond to it unless we start to hear some chatter in the news Setting in the iceberg is some on some su m Okay, very it's just like cvd basically Let's take one one more look at kind of higher time frame stuff here. So You know trending down Looking looking for the continuation and the move lower here and then everything kind of got shifted here And then we're looking for 4400 90 95 and then 4400 uh, just shy of it or did it did it trade No three contracts up at at 99 and three quarters. That's it Just these three guys up here Or three contracts Uh, okay emergency fomc meeting really at 1130 Okay, thanks dug. Yeah guys, that's gonna that'll that'll be a market mover Uh, we should we should see some liqourie pulled then um, you know, it should start we likely start drying up in here because There's gonna be some some volatility in here Limit down if they raise raise Hey guys here they're they're starting to trade into that 4400 and that iceberg is already kicking off here. You can see I'm interested how big this guy is There we go. He's he's getting filled 605 621 he's still in there and there's two of them in there At the same at the at the same price level No, now they're at different levels. You can see nine and then 612 above it Okay Six have traded on that 612 and then three have traded on that nine three orders Right. We're giving you all the information here There is our move guys. All right. So there it is and uh Oh and this guy pulled look at this Okay, now he's getting filled a little bit more He pulled he pulled and moved higher A little flip of the book here too From offer to bid stop run Hey more icebergs So there he's over a thousand And he's still he's still getting filled here. So this is a big iceberg pretty big and he pulled and he's higher Interesting stuff All right guys, let's take a look bigger higher time frame here and Strong buying strong buying so look look for the next swing that 07 that we were talking about right And then you could be looking for the kind of highs of the of the day here At least the cash session up around here 15 or 20 It's a coin flip. Yeah Yeah, what uh Yeah, yeah, I mean Yeah, it'll be interesting to see. I mean, there's just I think a lot of it's going to be order flow too to be honest right now David That's kind of my opinion You know where where the where's the pain in the market And right now you can see like we're Looking and looking and looking sell side sell side everything looking pretty good. And then everything got upended down here Right Can you guys see that? Is it pretty clear? Can you can you can you see like where they came in? And what we're looking at in here and why we were sell side and then we switched and flipped to buy side And then we're just looking for some of these areas to trade And then if we can still like trade it's going to go to some of these other areas higher and then trade Okay, here's our stop run icebergs on the other side too Yeah, sounds good. Uh, David, you're going to put some options on Yeah all right Well, let's see one more look at the candlestick chart here. Okay, so here's our candlestick chart Uh, and we're this the five minute now Uh, here look at even the hourly in here, um hourly bars and Number of bars Well, it's a pretty strong move on the hourly though. That's that's what I wanted to look at here. Um, and why can't I do that? Okay, here we go Okay, whatever. I I'm not getting it's not looking quite right But you can see it here in the five minute though like pretty strong move here, right? That's what we were just looking at Okay, we saw it down here around uh when Yeah around 87 or so 87 50 something like that and then here, okay Around 87 50 or yeah this this little swing here Uh strong move. Okay, so looking forward to go higher looking for these wicks here. We're above them Uh, and then we're looking for this we we talked about these wicks here and we talked about this wick here Uh, this is that 1015 candle, right? So they're coming up to test that uh area up there Okay, and if they can even get higher back up into some of the swings from the from the day here Okay, that's 15 and then 20 uh on book map. So 15 is here Uh, and then 20 is up here and then you can see a lot a lot of the quity up here at 25 It's been in the book for a while, uh as well Well, let's we'll wrap it up guys. We'll call it a day now You know look for like a Well, we we got some news and and we got you know some Some geopolitical stuff that we don't know when that's going to happen Uh, but uh, you know our european close has unfolded. We saw a really choppy market during that time So now we're looking to see if we can get someone to take control and and and go in a more pure direction Um, we've seen that play out many times the last few months Uh, but uh, yeah, let's uh, let's see, uh, what happens and we'll go revisit it tomorrow. Okay Thanks for coming everybody. Uh, and we'll catch up with you tomorrow and look for uh, Tom B to be streaming here pretty soon All right, so he's usually coming in around noon or so Uh, uh, look look for the streaming. All right Thanks guys