 All right, good morning traders and welcome to the all markets webinar This is Bruce at book map and we're gonna go through the order flow. We do this every Monday Tuesday and Friday And any market you guys want to take a look at so let's jump in and we'll take a quick look right now So a couple of things right off the bat here. This is the NASDAQ. Let's jump over here to S&P We'll take a look at the S&P to begin with and then we can jump again again to any markets that you guys like And hold on a minute here. Just get the raw chart up and look at the order flow All right, there we go. Okay, so we just had a number that came out as well consumer sentiment University of Michigan Looks like the markets liked it So I don't actually I mean, this is you know, this odd period here and Regarding order flow and Participants behavior in This environment where you know good news can actually be bad or vice versa Doesn't matter. We're following the order flow and that's the edge is to understand Where traders are going with their behavior and that's what we Can can read here and that's the the advantage. All right, so we can see the non-farm here And the move to the downside now. It was a good number Yet you can see in this this knee jerk reaction to the downside all the numbers were good in fact and I Would imagine that this means that a lot of players are thinking with this downward movement or that those good numbers that the Economy or the FOMC they're gonna have to raise interest rates All right, and now we just had a good consumer sentiment number as well and you can see the move to the upside So, you know, it's not really making too much sense here doesn't matter We're gonna be looking at the order flow Not just the orders in the limit order book, but the transactions And understand this context between market structure transactions and order flow All right, so What do we see at the moment? Well, yeah, a nice little move to the upside here 4,600 in the SNP Liquidity right there is the big figure. So let's see our buyers willing to take it higher I don't know about that Look at the look at this move here It's pretty good momentum, you know, obviously this is the Fundamental release. How is it trading up here though? at the end Not not too well. I don't see a lot of buyers up here I see sellers starting to come in and now we're starting to see some buyers come in This is what we're looking for now not just into this high liquidity here after that Hey, this is the context. We want to understand now. We can see we trade it into it. I've not traded above it though Okay, so maybe sellers are gonna now try to move it back into Bottom of the swing here, maybe even even lower here Hey, so We just traded to that liquidity now the read here is obviously strong move fundamental data release here However, not a whole lot of trading up here high liquidity up here Traded into it and then we're looking and we're not trading back above it Okay, so we look for sellers to try to trade it back down to the bottom of these little ranges in here And then we'll see if they pick up even more steam And then that scenario what that would look like right in here and there's not another thing I need to cover with you guys What that will look like in here Is see these buyers coming in here? We're looking for sellers below that area right there If we get that likely we're gonna see a farther move farther below likely down to Somewhere around Well, this is a really good area. We look for in the order flow There are many reasons for it as you guys know that have been following for for a while We can see all sorts of kind of market structure stuff in here And it would be a beautiful move to where that Where these buyers came in and initiated this move back to the upside here, right? So anyway, that's one scenario and it has not unfolded The other scenario is we do get back up here and we do get our buyers and we are so they should be able to Push it into 0 to 50 Hey, just just 0 to 50 for now. There is buying up here. We're looking for a continuation now Hey, we didn't know that up here before we saw this here, but it just traded into high liquidity Now we're looking for the move higher It's not a trade recommendation. It is a reading of these transactions within the context of the order All right, so let's see. I think everyone can hear me and See my screen Yeah, all right, so there's 0 to 50 consider taking some off there Okay, that would be it's not a trade recommendation. It is again context here. We don't know Okay, are there still buyers interested in taking this higher? Well, we just know it traded to that liquidity And that's it So this transaction took place We don't know yet if there's buyers above it or there's some sellers below it, but they have not really moved it yet here Here's some exhaustion. Here's some selling. They should be able to take it down Okay, that's a quick read But this is again understanding the context of the order flow a retest back up here There's no buying we find sellers come back in we look for a move back down to where it initiated in these areas here Or some of the swings All right now look again. We're back up Okay, now are we finding buyers back up here? Yeah, actually now we're starting to okay So what then if there is still more buying in here see if they can get back up I'm looking for a retest back up in here. I'm looking for buyers again Get it. We should get the breakout into oh five potentially higher It just reading this context in here here. They come. Let's see it buyers. Let's see. Do you have the buying pressure? It's back and forth. There's buyers and sellers in here And well, then we look for another retest there. They are and let's see do buyers show up. Here's the retest no buyers Not yet not yet We get sellers down here And we get buyers up here. Let's see Let's see it. I see sellers as well now. Okay, so it wasn't too convinced on that So there's some some kind of back and forth in here. You can see buying and selling look at the dots Okay, so it's not really telling us too much and that would that would be very hard to kind of catch Yeah, still looking for continuation though buyers lifted it up And let's see if we get a stop run to the upside here and a squeeze to the upside Okay, see how the see how the market moved above this structure. It actually retested down here And then it moved above this structure here anyone in here is trapped Okay, we can look for bounces off of that area and We look for time and acceptance now up in this area here Now these are just ideas now we're extrapolating some of this order flow analysis these kind of cause-and-effect moves in here Into structure now as well. Okay, that would be the next step in here right, so Anyway, I hope that This is making some sense to you. Please ask some questions. I'm happy to go through it with you So let me see here any questions. Good morning, Eloise Well No questions. All right see over in in Discord come on buddy Yeah, Stan showing some great stuff over here in all markets as he does every day a Very consistent. I love it Reading the order flow marking it up very simply Okay, let's see General Iro welcome back. You've been away for a bit Okay, and Rob Rob you've been putting in tremendous efforts lately is and I'm sure it's working for you And paying off Okay, so now look guys. There's a few things. I want to mention We're gonna so that was our initial read here in the order flow and and still still finding buyers here So still looking for a bit of a squeeze hire here okay Maybe this oh seven let's look at this hire these higher levels of liquidity 10 up here has been in the book for a while But look at this here. This is what I wanted to mention Look at this kind of halo around price, right? So what's going on in here? Well, we're getting pretty close to rollover period And it's next Friday officially But you know the market starts rolling Well, you know now and early next week and it's gonna be pretty hard trading Now this kind of behavior in this S&P right here. You can see these orders here Let's see about about a point away from point to two points away from current price Hey, but on the offer as well as on the bid All right, that makes it a little harder to read You can still see these areas of high liquidity that stay in the book for a bit. Okay, so and you can still Comprehend that this is demand here and then that this is supply up here, right? So That's that's that it's just a hard. It's just harder to read. You can see that and we zoom out a little bit more a little bit harder now Why is this it's because this contract? Is rolling over to the next month or I'm sorry next quarter So what let's take a look here and I'll show you how I look this up and and get this kind of insight We are seeing a drop right back down into these areas here. Let's take a quick look where this might go I mean, I do see a high volume node down here or where we broke out from here So this would be the the likely place to retest Right here. Anyway before we get into that, let's just go through this contract spec in here very simply CME volume ES I can you can even see it. I've got it already loaded. All right, so that will bring up the CME group And the contract specs here And you have all the information here now it says here they did this recently Not too long ago They would actually put in the current month and it's the Z contract for you know, the December contract 2023 Well, that's going to change here and it's going to be the March contract and it will be H H4 very soon Now what we want to understand though is we you click on volume and open interest here I oh I and we want to see this change here and What what's happening? Here's our December contract right here. Here's our volume details here. Alright, so you can see globe X total volume and And you can also see the open interest over here. See how it's decreasing here Negative 60,000 look where it's increasing here 115,000 almost 116,000. Hey, this is rollover Hey, this is what occurs now. This is only 300,000 here right now This will be changing probably by the end of the day. It'll be six, you know or more I don't really know Next week we'll see the volume and open interest change Okay, once that rolls over you'll see that everything changes and this contract spec here You just won't see too much action any any longer, right? So it still stays open for a little bit but and very little trading it so You want to roll over to the next contract? This is it kind of can be it depends it can be kind of a tough period to trade Because different players are doing different things now Okay, it's a very simple thing to understand That now the behavior of the of the participants is different Because they are rolling to another contract. All right, let's actually add the we'll go to rhythmic and CME and I'll type it in here ESH4 contract And we'll subscribe Let's see what this one looks like And now the it's you know, so you can you can see the behavior in here See all this this this is not ready We're not ready to trade this. I mean you can trade it if you want to trade the new open interest However, it's even harder to read right than the December it makes sense Okay, this is what's going on. There's more volume. There's more open interest still in the December contract Okay, but it is starting to change and shift Right, and that's where you know the reading in the in the order flow can be different due to that participant's behavior All right, so point made, uh, let's move on. Let me see if there's any questions in here. Um Yeah, Rob, it's interesting. I mean when you see this, you know behavior in here guys here guys here We are up to 110 After this pullback, which we didn't get back down to here buyers came rolling back in and then again What's it look like up here? Are they buying are they selling here? They're here. We see a lot of buying it makes sense that this is going to come up and trade at least to this Some of these levels of high liquidity starting here at 08 09 and 10 Oh, that's good rob. I'm uh, steven. I'm glad that uh, you understand that now Better, uh, it's a it's a very simple thing and it's in you know, it's You know the futures markets are very different than stocks The there's no open interest. I mean, you there might be new shares issued in the stock Uh, but there's a float And that that that's tradable and You know the supply and demand is very very different in that sense Whereas it's unlimited uh in futures. I mean basically You it's like options as well. Uh, it's unlimited if there is another buyer To your seller or you're selling or another seller to your buying A new contract is made an open interest bumps up Okay, unless you're trading with someone who's already got Uh Previous contract All right, so that's how it works And it works for this. There's a lot of reasons historically for all that Guys, I wanted to get into um, I need to jump back here. Let's go through the disclosure quickly I did not do that. Uh, so There's a couple of housekeeping things I wanted to cover So 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. All right, so that's one thing I wanted to go over another uh is um The webinar that we had yesterday Uh, great webinar by crash. I think crash is in here uh today Uh, so, uh, let me show you where that is. Just go to our youtube channel Uh, and you'll find it right down here a great shot of him, uh with his helmet on uh, and Uh, yeah, just uh god, he went for a while. Uh, I I I asked for a a few more uh slides after Uh, we we talked about the book map academy and his his involvement in that and also the blue jacket competition And uh, yeah, sorry about that crash. We went went, uh, maybe a little too long But uh, it was a fantastic webinar Uh, we can take a look at some of the things that you covered In here, but guys, I would I would um, I recommend you just go and watch the recording Uh, he went through a lot of things from What he looks at and preps for the day and And and a lot more like uh, which something is really nice. You hear about this all the time Uh from professional traders talking about they prep Uh, they're ready to trade. They know exactly what they're going to trade because they've gone through the scenarios Of what they're looking for they they have their plan And then they debrief after Uh, they document their trades, etc This is he's doing the same thing here as a pilot Okay, he preps Uh, you know, he he uh, he makes sure they they go through the mission. Uh, what is it they're going to do? Uh, also the aircraft, uh, also himself like, uh, you know, uh putting on his, uh G suit, uh, I mean everything has to work. This is how it's it's important. Uh, the equipment has to work Uh, so, uh, you have to be prepared Then you're ready for going into the mission or going into battle Uh, and uh, you know what you're going to do. You know how you're going to react Uh, and then you come back After your mission Uh, and uh, uh, you debrief What did we do good? What did we do bad now? He said something in here was really interesting. Uh, hadn't heard this before Uh, I forget the term uh crash you use but You you just come in and you you guys dig into each other Uh, and you do this and it's constructive. It's Uh feedback that is is not uh filtered Uh, and this is really uh great because uh, you know people can just be jerks to each other Or or harsh to each other. I should say but very honest Uh, this is uh, how they feel about it and what you did wrong or what you did well or whatever And give that critical feedback Uh, but then after that session is over they both can do it or the whole uh team can do it Uh, and then uh, uh, they can use this now. They have the information It's not blocked from them. Uh, so, uh, we should be the same thing do the same thing with our trading Uh, and maybe bounce it off of somebody You know have a coach. Uh, that's what we talked about in the book map academy as well Uh getting some additional insight some feedback uh, and uh, uh, correct yourself as you go through and then prep again the next day Uh in light of potential changes that you may have made All right, so anyway guys really good stuff in here. You're seeing that perspective from a pilot and, um It can be very very valuable All right, so, uh, let's see we've gone through that. Uh, and, uh Let's see what anything else coming up. I don't think so. Um, I did want to get into, um For the agenda today, uh, some market structure Uh, because we've talked about uh, let me see if there's any questions first here No, no, it wasn't long-winded. Uh crash. It was um, it was really good. Um It was um, you were very detailed Uh with your slides and in the process you go through And you mentioned as well like, you know as you do things like that Guys if you want to join over in discord, um, you know, just just come over to our discord channel um, and uh, uh, you can partake in the in the conversation over here as well uh, and uh You know something that he had mentioned that you know, we all pretty much know But when you have to prepare Uh, your slides you have to present and you have to teach Uh, that helps you clarify exactly what you Uh are doing That will help you personally. All right, so this is a really important, um, uh, element Otherwise like you might be hiding some things from yourself. You might not know Uh, what it is that uh Is that you're doing uh, precisely uh someone else's insight can be really helpful there. So um, you know I would uh, I would recommend that uh, you do that I think partaking in the academy is probably the the best, uh, best route to begin with all right, so let's um Let's get into the market structure stuff. Uh, and um What I wanted to cover today See if there's any more questions here In youtube, let's take a quick look Uh, can I please explain uh icebergs stops run stop runs and how they affect, uh Our market direction. Yeah, sure. Yeah, month monday is when the rollover begins. Um, uh, louise But uh, what we'll see like And some people I you know, I I know that they trade the the new contract on monday. I don't Uh, I continue to stick with the contract that gives me more information in terms of the order flow Uh, and then once I do see like see this kind of uh, see the the h contract here Is not telling me much Okay, when I when I have it tell me something then I roll over to that contract All right, that's how I feel about it. Everyone has their own take on it Uh, some people just you know, don't even trade or it has to look really good in order to trade during the rollover period Okay, I mean look at this liquidity in here, you know, there's like But interesting. I mean, you know, you can see how larger players are, you know You see 20 30 contracts almost Uh, completely evenly across, uh, many points here Pretty pretty interesting to take a look at. Um, so, uh Yeah, once I start to get insight from that order flow, then I will use that chart Uh, and trade that instrument. Oh, well those are those are it's the drop, uh Uh, Amar, uh of the open interest That's what you're talking about The negative 60 000 Yeah, that we showed in the CME, uh es Contract spec Trade to see all features will book might be any better for me to use. Yeah, sure Absolutely. I mean, uh, I don't think I have crude oil up. I have gold Uh, we can jump to crude as well uh, but Uh Yeah, let's let's just jump over to gold quickly and take a quick look I mean, it's the same same idea. It's just, you know, more volatile market. Look at this Okay, some transactions up here more transactions. Okay, old traders should be able to reach up to 32 here Okay, I'm I'm I'm seeing buyers come in Uh, I'm looking for them to I see volume up here. It can auction up here I'm looking for the buyers to take it higher Okay, uh, because I know there's some buying interest in here Okay, this is a lot of volume in here Do sellers want to take this on this is like momentum in here They may We may see lots of selling come back in a bigger red dot down below here Hey, we don't know Right, but we do know that they're at this time. There are more buyers Therefore and it can auction up here. Therefore, we're looking for them to take it up to Deal with the sellers up here All right All right, and then a little this could be a little bit of trap selling here This is where we've got to get the buyers here right now right here And we would look for that move to unfold Hey, again, it's not a trade recommendation, but it's just talking about the transactions within this structure You can see that these guys might be trapped if Get the buyers up here and then watch Okay for 32 and Add some Then sellers came back in Okay, so maybe a little back and forth at the moment here all right so Anyway, yeah as you can see The gold contract in here same ideas same concepts Target the liquidity look at this market structure and look at where the volume is transacting within that structure and liquidity okay, so again if we We see the sellers buyers just started to come in and then sellers Hit it pretty hard Hey, but this is still bullish Uh above this 2980 Uh, here's some liquidity here. Let's see if we get a little bit of reaction to that by buyers No, they pulled Okay, let's see see this again like in terms of market structure. Hey sellers came in and pulled it away Okay, now sellers coming in again here Right, but i'm still I know that auctioned up here. I know that there's buying pressure up here Okay, so i'm looking again for uh Buyers to come in but where you know these little areas in here Uh previously it was up here That didn't work out Hey now we've come back down here And we've actually gone below it here Uh, so it's this little area in here That would make pretty good sense if we can get buyers back up above it Okay, so your 2980 level there All right, so all right, let's jump back to this s and p uh and Let's see. I'll answer the question on stops in icebergs Hold on a minute. All right, so um The blue line here in the sub chart I have it in summation. Uh, these are iceberg transactions And the red line are stops Trans transactions. This is the order type that is transacting Okay, so uh and understanding, um stop runs and and iceberg transactions, etc Well, you can see this massive stop run up here into 10 Uh, also another one here, uh a lot of stops, uh transacted in here It so we can also see them on chart Uh, and uh, we have this indicator as well Uh, and that'll just populate in just a minute here All right, there we go Okay, now let's let's take a look at this area in here And understand the context and what it means now just note This is important. This is not to be used like a um Some sort of red light green light type of Indicator Uh, it none of the indicators are made that way And we the way that we cover this here is We want to know and understand the order flow Uh, and the transactions within that market structure And these are confluences Okay, what's happening precisely in those areas? All right, and we can see it. So here in fact, let me just take best bid and offer off This is a stop run And this is what a stop loan looks like here Okay, now, uh, you can see the transactions in here Okay, and then uh, and then we see this move to the upside right, so, uh The red line here indicates that any transactions in here Are stop orders uh, transacting All right, so there is actually an order of operations within this area here And now we'd also see an iceberg here Uh, this is kind of curious to me because uh, um Okay, so the iceberg took place down here Yeah, that makes sense that makes sense. Okay, so, um If these are stops, uh, transacting in here this could be in most likely, um Well, you know, who's who's providing liquidity on the other side? Well, we have some icebergs in here Uh, so they are transacting um, and um Uh, they're on the offer Okay, now we can see though the stops, uh unfold here now if it's The and the stop run kind of happened over time here over time is is really the key here because you can kind of see it in here You see that little d3 in here. That's where the iceberg was first detected right so Maybe I should find a better example. Um, you can have the icebergs, uh Transact in here because it's they're on the other side trading. Okay, it's liquidity right, uh, however Um, you know, some of these other like binary events when we see a stop run is nothing but Uh selling or nothing but buying sweeping that order book Uh, you know the order of operations is that the um The the orders, um The market orders are actually will unfold first Uh, the um the aggressors, uh, then the um I I'm kind of I'm gonna get kind of tripped up on it here. Um We see the data come from the Um from the exchange, uh in in two different streams Okay, one is transactions and the other one is order book We see an update of the order book after the transactions take place Okay, and then any event that takes place within a stop run meaning let's suppose someone hits the bid with like 2000 Or you know lifts the offer by 2000 contracts That order is gonna unfold and execute Hey, it will sweep the order book higher because you can see you have a 91 96 112 101 Uh liquidity here it will take all of that liquidity A on up to 2000 contracts. It will sweep the book Whatever is within there Uh, if there are other, um like orders that are are stops They, um, they will they unpack once price hits that level, but they are now in line In the uh in the queue in the aggressor queue actually Okay, so what happens is That that person who, um lifted the offer with 2000 contracts that happens first Any transactions that get that are stops that may be to stop losses um They they will get filled afterwards Therefore a lot of times what you'll see is this move to the upside here And then you'll see just a little bit of stops at the very top of that huge move to the upside Hey, those stops could have been anywhere within that move. Okay I'm not I don't have the example in front of me now to to show that But I just wanted to go through The mechanics here exactly what unfolds Uh, and um, but now you're the question is about market direction. Well, okay This is this is actually an easier question um Look for uh A stop run below like a swing or something like that And then you're just not looking you're looking for exhaustion after that or you're looking for Buyers to come in after that Okay, that means that that stop run has unfolded and there's no more selling pressure You're finding buyers Therefore you would look for a move back into the range In this case. This is actually something crash went through yesterday, uh as well right, so That can help you in your direction Right now you might uh get that move Muted move to the upside And then it rolls in and you find more sellers again And then they'll hit below that swing as well and continue on All right, so again, it is context men. Uh, this is what you want to understand Okay, what about icebergs? Well icebergs is a little harder to understand because Retail trader behavior is is easier and with with stop runs. We know that people are getting stopped out most likely right Larger players, who knows are they using icebergs to build a position exit a longer term position? Uh, or are they building a shorter term position? Um, you know with entry These things we don't know right, but we can also we can look for uh, where At some of the swings, uh, for example, where some of these things might unfold Uh, where they are transacting Okay, and starting to um understand sometimes Uh, we can see that, uh, you know price will come back down into this area here. Um, like where this we had the, um, Um, consumer sentiment here, uh, and, um Uh, we see just tons of icebergs, uh, buying, uh, at at that low Okay, so now It price may go against them, uh, they're they're showing that demand and they're getting filled with their hidden orders A passive orders that are hidden from the order book basically Uh, however, um It's still price there might be more selling, uh that continues to move lower Okay, the context happens when you know that there's a lot of demand And then you also see a lot of demand by the aggressors like right now see how they're starting to come in here Okay, now we really need to see this pick up here Okay, right here If it can we should get a move back up to some of the structural areas here Right So this is how to read it and this is how to use context with your stops and icebergs Okay, here's an iceberg that's live in the market right now only four have transacted Okay, and he this guy's been in here for a long time. In fact, look at this We have the evolution of his whole, uh A cycle in here in the market Uh, he only transacted here four contracts He reigned in the book here even moved his order up here and remains up here And is still waiting to get filled Okay, well, what does that mean? Well, it it it it just know we just know that there's a a larger player here using uh iceberg orders And is live in the market We don't know how much is behind this Only four of his order has transacted Maybe uh, maybe he'll have four thousand here. Maybe he'll have 400. Maybe he'll have just 40 Maybe it's just 10 We don't know We will know once it transacts and executes. You see the little e right here That means execution or it was executed for 67 This we do know Here's uh executed order on the offer for 250 Okay, so this is how to understand icebergs and uh Price direction, okay by understanding the context Yeah, do we look at like the notes, um or uh or bonds, um We don't get too many, um people uh requesting that to be honest all right, so anyway, uh, let's let's continue on here, uh, and um Let's see if we get uh, let's see if we get our buyers coming in here after this move to the downside It which was it went up to 10, uh, and then it's dropped back down We have some market structure here. Okay, we're uh, you have a kind of a little bit of uh, um A swing here went back down then broke out above it. So, uh, let's see. Are we gonna accept here? Um above this little area here at 92 50 anyway, uh, let's um, let's get into um What I wanted to cover today and that is market structure and this is a good place to start to be honest Okay, so market structure, uh, let me take stops in icebergs on chart. I'll just I'm gonna deselect that for now So we get a little more clarity uh, and we I'm gonna back up for just a second here, uh, and then and then go through it. All right, so um We talked in depth in, uh, I think last week or maybe, uh A few weeks ago. Uh, we talked about first principles Hey, what makes the market move? This is important Hey, this is all a part of our education. We've had it for years and it is, uh, likely Uh, a type of education that you're not going to find elsewhere I don't see other people talking about it. Uh, so, uh, so for example, uh, if you go to The more button at bookmap.com and go to the learning center here Uh, this is where you'll find it. Okay Under the market mechanics course, we have three courses here getting started, which is how to use bookmap and and read it Uh, you using all the tools this one here is market mechanics and we have, um, we're building out this one with strategies and setups Hey, we have a uh continuation pattern in there right now Uh, we'll go to the market mechanics course and we'll go through something. I just wanted to show you this, um because uh, ming, uh, you You might want to take a look at this, uh, and understand the basic market mechanics And first principles of what makes the market move Okay, so we have On youtube on Yeah, here. Let's go here. Uh, this is what makes the market move. It is orders Uh, it is transactions between buyers and sellers Okay, now a potential spoof here. We're going through in detail A skew in the order book in here. This cannot move the market technically However, it can massively influence the market which may get traders to move the market Okay, so, uh, it is it is like, um Oh god, what's a good example, uh You know, you you you go to get in the boxing ring with, uh Someone who's a bit smaller than you Well, you're probably gonna be pretty aggressive, right? Uh, and uh, you you can You know take take them on you're bigger. You're stronger. Uh, now let's suppose they exit the ring and and, uh, a large, uh, my tyson comes in or, you know, a Professional boxer that's much stronger and much bigger than you Okay, that's like this here Okay, so you want to be aggressive you can you can take them on you can try to punch into all of this, uh, uh liquidity here Uh and try to knock them out, right? Well, that's going to be a lot harder Okay, so maybe you're just going to retreat Uh, and uh, so you you're not going to be aggressive. You're not going to take this on here Uh, so, uh, this happens all day long Okay, and that could be a potential spoof in here Something like that, but uh Maybe a pretty horrible analogy, but you guys get the picture Uh, therefore they're people are going to pull maybe their liquidity over here. You might find some sellers You may even say like i'm not going to take that on i'm going to sell and i'm going to buy out a lower area Etc It's just the market Understanding what makes the market move in the first principles That is, um Extremely important Hey, so You have to understand the market mechanics Okay, what makes this move watch these aggressors they can move the market we get buyers here They should be able to move it now up to here Okay Let's see See them coming in see how they're moving it like that now we have a seller come in Hey, are we still getting buyers up here a little bit? All right, so they can continue on Hey up to here swing All right, and they're continuing to buy All right, so just above the swing now. See this is this is again market mechanic. Um First principles understanding what's moving this market All right now like I said in in order flow here, uh harder to read now because of the You can see this rollover period However, uh, what we want to go over is understanding now these movements within market structure Hey, and we're in a pretty good little area here. I think to cover this Uh, and um, there's a couple things to look at Hey, so understanding the structure Let's take the um You've the best bid and offer on And take everything else off Hey, here's our market structure Okay, there's back and forth within This area here, which is slightly trending up Okay That is the structure right now This Can be parlayed and understood in terms of also volume profile here Hey, look at this big b-shaped profile So there's probably a lot of traders that just want to trade profile and they think well I'm just going to I'm just going to short it down here to be shaped You know, I'm looking forward to continue Well, that would be a really really bad idea because you don't have the whole picture here Hey, you're making a really big error Uh, if the buying is starting to mount up here, you're going to get run over Okay, understand what makes up the b shape understand this market structure Okay, it's this is just an aggregation of all of this Horizontally It's just all blended together. I don't know Where the what about this volume over here compared to this volume over here? You don't know Hey now market profile you will or maybe you have volume profile that also has uh You know shades in it that go over a time period Etc that will give you a little more insight. That's for sure All right, uh, it can be kind of hard to read though. Also the letters in your your market profile Uh, which I think gives you more insight. Uh, it will show you Uh, the um Where it was trading uh over here, uh within the profile All right, so anyway, this just mashes them together And in one big consolidation here and that doesn't give too much insight All right now, uh, maybe you're thinking uh, all right. Well, I'm we're in a downtrend then I should be shorting up here Right. Well, you don't know though because you don't know the volume in here So we want to know the volume in here Right, so that would be the next thing to put on the chart Let's put on the volume uh bars and the volume dots now. These are delta bars and dots, which means by minus cell Okay, and let's get some insight here Okay, well now you can see uh that we can read this volume in here and start to understand who's in control Maybe within this structure here Okay, so we here we see some selling coming in In this structure that started to create this structure Uh, and then um, uh, you can see the uh the buying starting to come in here Look at this pullback Okay, your b shape is probably going to be uh shown here as well and it is Hey, do you want to buy that or do I mean, sorry, do you want to sell that down here with this buying and this buying starting to come in? You know, and what about down here? Do you see a lot of selling? No, I I don't I see some I see some maybe it will Okay, but I I know that there's there's some buying in here Okay, so, uh, in fact, uh, if you did get involved in that, um, that was the low Uh, basically and and uh You got trapped Okay, understanding the volume within this structure will give you that context This here to say like well, I'm not ready then For this I might be witnessing a reversal taking place here Okay, because I see the selling coming in a little bit of back and forth Actually, it looks pretty good here for it to continue Okay, we do have a little bit of buying but uh, boy, they'd they'd have to exit pretty quickly if we uh, if we get the move lower This is where the buying came back in it kind of shifted this It happened here profiles not showing anything Okay, so you have to understand this context here in volume Uh, and uh, that'll that'll help you All right, so uh in in fact like uh, look at look at the nice move here unfold to the upside Okay, it's starting to understand this shift in this change in here Okay, kind of a hard read to be honest like it this this actually looks quite good This isn't bad in here, but it's not that great This breaks the high Uh, and we do see some volume volume does volume bars And now here we have a lower a higher low Also here, but this is this is pretty good. We have a higher high and a higher low Okay, we need to start building again up in here. We don't really see it until here to be honest Okay, and it just kind of breaks out it kind of pulls back and then they come in again And they're buying here is looking pretty good for continuation up So and then we can look at certain areas and pockets where it might go They like little little swings like this in here can be really good areas to take a look And also large transactions now. What about the other side of the trade? What about the order flow? Let's take a look Hey, so, uh, yeah hard hard one. Uh, as we've mentioned about the, um Rollover, uh, but uh, here it is here, you know high liquidity in the book That's where we get this little kind of back and forth and then the drop Okay, so this would be a good area for me Uh to look for taking some profit Okay, and uh reduce some risk. I don't know if there's still more buying pressure back up above it Okay, so that would be my initial target. You can look at measured moves as well Uh in here and it does kind of measure out But uh, there was just more buyers that kind of stream right back in And now we're back up to this swing up here So anyway, uh, it is this kind of context that we want to read Uh in the structure Right, so uh, we went through a profile structure and then we're reading the volume within this structure in here And now the other side of the trade and and is very vastly important Uh, like I mentioned today's a little bit harder, uh in this sense But we want to understand that there is buying pressure up underneath Staying in the order book. Maybe they got filled and absorbed all the selling pressure down in here Uh, and this is where you can also look for Ming Uh, you can look for your icebergs transacting in these areas too And what if you see a lot of icebergs transacting here? That would be pretty good. They would give you additional insight There might be liquidity down here, but they're interested in getting con Um, uh, their transactions here at a higher level Okay, all we need to look for is some buying back to roll back in here And uh, and and take this higher now, this is where depending on your time frame of trading You can even look at micro structural areas Um, or smaller time frame structural areas like here And then you can see the buying in here I maybe we covered it at at this point and we saw some buying coming in so we're looking to go higher Anyway, these these are the things to start to look for And and this is the thing to back test you need to do the studying you need to understand if it offers you an edge All right, so we can point to some of these areas and we can cover these concepts But uh, that's it. It's a starting point for you to then back test okay all right More buying and we still this is showing pretty nicely in the order book our 10 level which is the high of the day here Uh, and then also it seems like there's some coming in here around this 06 That was previously here as well Anyway, uh, let's let's read the structure in here Okay, we have another structure sideways structure now. Okay, here's some buying at the top of the edge here Okay, again, it would love would love to see the order book support this more, uh, demand right underneath here And then buyers in here and then just uh move back up into some of the liquidity levels in here It's not much here right now. Like I said and these guys are You know They they these these are like stacker algos market making behavior in here providing liquidity at these areas But adding and pulling all the time. Okay, so you could look for the move up into here Uh, however, it you know, they're gonna pull Like they are and they're gonna follow You know the Uh stay away from it and pull uh for like the what is it a point point and a half or something like that? couple points all right Okay, so and a pull back here. Okay. Here's strong move strong volume pull back Okay now looking for more buying back up here again Some selling. Okay. I actually like to see this here Uh, I want to see the buying come in though Now i'm looking for a couple ticks before I would get in Um because because this selling in here Uh, I want to see it auction up here Uh very very nicely and then I would look for this selling to be a trap Or them to be trapped and look for the buyers to pull it away from that again context is this Is this buying here that is um in control of this move so far Okay, we're starting to see a lot of selling coming in you almost equal amount, right? It's starting to ramp up Okay, and now we're looking for our buyers up here. We don't know Hey, and we can also read this auction up here, which I don't I don't think is strong at all Uh, we do see the buying up here. Hey, but it's not much Hey, so what now selling is starting to mount Okay, so we better get some buying here and they've got to pull it away from this little area in here This is a micro uh A value area in here. It's only like three to five ticks wide Uh, and we're trying to read and ascertain in here Where the transactions are It actually looks like there there is more selling now we look for the trap Because we look for a continuation move right strong move back and forth and then we're looking for another strong move Okay, so we got a little bit of it. Uh, and we're right back again All right, well, let's see if the buyers can continue if not You got the sellers back down here at the bottom of the range here All right. Now the sellers uh, it's happening too quickly the sellers have to get below here Uh for so then this would this would negate this move in here at that point Now the sellers can take control Okay, so let's see if they can they've done it they've gone below where it broke out from Hey, so we look for strong move pull back strong move down to like o2 Uh o1 something like that right Hey, we were rooting for those buyers Looking for it looking for it looking for it Uh, and then uh, yeah started to happen here Again, we did not like it up here again What to how to go through this process in here? Um, I would suggest uh, you guys can Use the checklist tool that we have setups checklist uh, and It's right here. Okay. It's free. Uh with your subscription. So Now this is um by default it's showing this flag pattern That we put together That that's the criteria in here. You can import your own you can create your own. Uh, it's a You know csv file that you can import and Make up your own You know you can save your excel spreadsheet And as csv and then import what it is exactly you're looking for so, um, that was something I think um Yesterday that crash went through Uh, I don't I don't know if you you realize that crash. I mean you can you can make your own so Um, which is great. It's open to everybody in here Uh, so Uh, and you had quite a checklist. Uh, in fact You crazy pilots are so used to your checklist. Uh Make sense. I I know the history on this one too. Uh, what was it? It was uh Oh god, it was in the early days of flight. Um, that Uh It was becoming really dangerous to fly. Well, it was always dangerous back then uh However, uh pilots would forget things. Uh, they they they would you know, oh, I did did you check this? Did you check that? You know, you needed to check all these different things and um, uh, maybe they would forget So they that's when the checklist started to come out. There's just too complex uh, and uh, uh, yeah, you start to get into the multi engine and like all these different other things and and like The checklist they're they're sitting on the tarmac for forever before they can take off um, so, um Anyway, uh, uh, and and that saves lives and that was your point like You need to go through Your checklist and save your money Make sure you get a high probability trade Okay, identify it go through your checklist Uh, and uh and utilize that Uh, and uh, and then start to understand, uh, if you have something higher probability or not All right, so, uh, it makes good sense because um, especially, um, uh, not not not to um uh Is not not a criticism criticism at all. Uh, uh crash, but like you had a long list of things Okay, and it makes perfectly good sense You have a long list because you're catching a falling knife Uh, and and using market polls, uh in specific areas Uh, so then you're looking for confluence on many different things Therefore, that's a you know, you're looking for a pretty lengthy checklist But if you can identify those things you have then like you were saying You're catching a falling knife Know when you can catch it Uh, and then as it starts to move in your favor, you're like 20 points ahead of everybody else Okay, if you get really good at identifying, uh You're set up, uh, very precisely and what you're looking for and utilizing your checklist And so it's really important and then there were some comments about that It's like, well, can you know someone in youtube, but can you make it can we make it simpler? It's like, yeah, we could But this is what he's doing Uh, and he's catching these edges Um, and this is what it requires All right, so, uh, you know, you can look at maybe a very very simple thing And have a very small checklist Uh, and maybe just look for that Maybe that maybe that's better for that trader So, um, but when you, you know, it gets complex, um, you know, it depends on exactly what what you're looking for Okay, what your risk is See here, let's go. Let's return back to what we were talking about which is starting to get more complex actually Uh, now because now we're talking about the order flow and transactions within structure And we started with first principles, uh and talking about that Okay, so first principles would be like what makes the market move Hey, there's some liquidity coming in here Okay, that's that, uh, you know larger player showing demand here and what's the reaction Okay, and I look at larger player showing supply up here and what's the reaction Beginning is kind of back and forth play right now Okay, now this this trader in here is staying in the order book Okay, so this is this is kind of different behavior Uh, what's the context now? Do buyers do sellers want to trade into it or are they kind of repelling the, uh Sellers and we're finding buyers Okay, well The jury's still still kind of out, uh on this one. We don't know Okay, now we're showing a little bit more and here's hard to read in here Again, you know, this is that all it is is this liquidity in here that was kind of, um Uh straddling here coming back into the book in this area here We don't know if it's real or not I mean, it's real liquidity, but we don't know of their intent Again making it harder. All right, so let's see here. Um See the selling selling coming in and dropping this let's see if this is an order book Now this is the order book sweep. We're talking about earlier Uh, ming. So for example, uh, right here. Okay, this is a An atomic event basically Uh, this unfolded here and then best bid and offer updated later Okay, here we can show the stops in here. This is going to be a better example Oh, this is a nice example. Actually, there's a few other things to look at Uh, here's your context ming, uh, right here Okay, so, uh, in fact, let's look at now. Here's our stop run. It's not really a run Uh, it's 55 transactions right here Uh, and we have this little red line in here, right? It will show you Uh, precisely what's happening Okay, I'm going to take this off now Okay, so all of this liquidity in here and boy, this is interesting. Um, I believe that's only one order here for It's a volume of one Is our stop run then On a minute There we go. That's our there's our line Okay Okay, so these are the stop transactions that took place. Okay, they started here Okay, and these are stop orders now Did everyone have their stop at this price level? Maybe it's possible, but Highly unlikely Likely it is there are stops all the way through here that are getting transacted I'm sorry that are Unpacking and then transacting here Anyone that had a stop order in here a stop loss got slipped And they got filled here That's what happened Okay, so if you get slipped it might be something like this that happened All right, and then you see best bid and offer update All right, so someone came in with larger player that's able to hit the bid hard Take liquidity at all these price levels hit stops along the way uh, and Then the they get filled and then stops get filled After that that's what happened. Here's your context though Ming after this into high liquidity as well Uh, then we have look at this iceberg order on the other side Okay, so, you know we've seen this behavior many many times over Uh, this can guarantee a fill for it's a it's a pretty good way. I I feel uh, and this is legal As far as I can see That why wouldn't a larger player? sweep the order book and then put their orders down here, uh, and Guarantee their fill Okay, because there's likely going to be some sort of reaction back after the stop run And they're on the other side absorbing Trying to get filled there and they are Okay, and you can see that they stayed in the book for a while and they're still here A 308 contracts transacted in that little area right here Okay, so a nice tactic to move the market get everyone going that way have it um Get filled on your pullback Uh, and uh, you got a you can get a pretty big position on that way uh to the um You know the uh move lower here Okay, makes sense Okay, it makes really good sense. This is how the markets work Right, would you do the same thing if you were a larger player? Probably I would imagine uh, you know, you're you're um, you want to get filled Uh, you want to get filled at a good price This can help you get your fill Uh, you guys you'll see the same kind of behavior um in uh We've covered it for a long time Up in up in these areas like coming up towards high liquidity and you'll see this kind of skew in the order book uh on the bid Okay to get price to come up into these areas up in here And we see it all the time, uh try to find another market. Um Where we see it maybe we have to jump over to a stock Yeah, let's see up in here in apple. Okay Not seeing it, but a lot of times what you'll see is very high liquidity up underneath here We're not seeing it Ah a little bit here. This is what i'm talking about just just Some getting filled in here there then they're on the bid in here It's it's not much of an example, but you get the idea that there'll be you know quite a bit of liquidity in here And you're thinking wow, why why is someone doing that? Um, you know, they want to be a buyer here maybe to Uh have it come up in here or maybe skew the order book to try to get price to come up into here Because no one wants to deal with the 800 pound gorilla of 36 000 shares up here at 195 Right, so you can even see how much transacted up here actually quite a bit transacted Um, uh, we got 22 000 of it that that transacted in here, which is pretty good Yep Right in there So you know not bad See see they got what they wanted Okay Again understanding this context in here High liquidity Is there a lot of demand for that liquidity and that supply up here? There were some Uh, but not enough to trade through it. They even tried again here couldn't get through it and uh We don't even see a lot of selling coming in to move that lower Uh, it they're kind of on their you know back feet here, you know falling backwards here Uh, some buyers in here not enough can't even make a higher high And we have some selling in here and we look for those sellers to come back in and move that We get a knee-jerk reaction right back to that selling again, but then it continues on lower All right, so market structure on stocks same ideas Uh same concept in in all these markets. What about this move here? Let's take a look Uh, what is the order flow and liquidity like in this move here? Okay, and this diagonal kind of value area here at the moment And well, I see sellers here. I see some buying Uh, mostly selling Mostly selling which makes sense Okay, so Uh, not really seeing much in here. Uh here we can even look at cvd within this area here And we're not really seeing much either Um, I would say it's going to continue uh with this trending Ways until we see some sort of shift and change in the order flow in here Okay, and uh and and volume within the transact within the structure Okay, so what would that look like here? All right. Well, you know, we would see a massive shift if Uh, the heavy selling was right in here Especially at the low low end here Is it then we can break it uh and go lower And let's see Hey, here's a little bit of buying coming in It's not much The liquidity is down here a little lower Yeah, I would still look for these sellers to try to reach this liquidity here Okay Then we'll see now you there we go. Okay, so we had we have to have a kind of big move into that liquidity Now Look at that drop there And now is this sustained? So far so good So looking for lower then Okay, so um, so we broke this range and and we're we're trading away from this uh area now So i'm i'm very keen on though, you know, we got it. We want to keep an eye on this level up here Okay So not a whole lot of selling down here, but they're they're still hitting the bid And we've and we've already traded down to this liquidity level here at 194 50 It next level is going to be Uh, yeah 42 or or 30 down here And they're on the offer here. We're still finding some sellers Okay, so still looking for uh This continuation move and look at the offer here Okay, what's the reaction? Should find some sellers should find them here and they should be able to move it lower now And we didn't back up the not a whole lot of buying here So still looking for sellers Ah interesting. All right finding more buyers now. Okay, so this is uh, we've got to change our minds here Okay, unless we can get back down here and find that selling again at 49 here Okay, there's some supply There's some selling. All right sellers. Let's see it See the move now Uh, not just to uh looking for a break of 49 or 46 or 45 down here Looking for a break and looking for a down into this 30 level here Okay, and just understanding this context in here And the sellers really have to pick it up here. This is not this See how we really we really don't know here. I mean this buying coming in is odd So like beware Like if we're looking for sellers down here not buyers So there's our context All right, so then this becoming the higher probability is is looking less. So Unless we can get these sellers in here Now they're starting to come in Okay sellers, let's see you move it then should be able to move it back down into 30 Or uh, I don't know maybe 194. Let's look at our structure in here And this is important So our 30 level looks pretty good. It's like a little kind of hiccup here and then the move higher And also this move down around 20 ish Looks pretty good as well Okay, we're getting our sellers. So looking for continuation basically All right, let's jump back to that s and p. Let's go through the process again Interesting stuff so that you can see see how they see the c up here This iceberg got just tired Uh, and they canceled They're not interested in any longer So they're not in the market any longer And we see we see icebergs on both sides down here. So this is kind of an interesting level in here Hey, this one executed for 166 this one canceled here Or after 347 Here's one that just executed for 250 Okay So yeah, kind of all over the place down here. All right, let me see if any other questions in here Oh, caddy. Yeah, I I'm sorry. I didn't see you say it looks like sellers back in control. Um I don't have a timestamp on that in youtube Uh, you caddy you might want to come over to to um Uh discord as well If you like Samar regarding your tpo's and and uh, uh, your your footprint charts, etc. I mean You know This is uh, it's been out for quite a while. Uh volume profiles Market profiles quite old now and You know, I think it it did It changed everything, uh You know to look at it as an auction and understand like statistical analysis like bell curves and Understanding those kinds of things and and literally turning the market, you know sideways, uh And and understanding these transactions instead of like the the up and down action of of price Uh and extremely valuable. There's no question about that um I I think there are some things that You know it it lacks And that's my opinion on it, but Uh, especially volume profile I mean just this mashing of of all of the volume with one one little area is not Giving too much insight um I in my opinion Okay, uh number one is first off. You don't have the liquidity. You don't see the the uh The orders and the and the the evolution of the orders in the order book You don't see that at all Uh, that's one thing. So you're just looking at volume. Uh, the other thing is that um Uh, it's all mashed together. So this has an equal Reading as this over here and that's just false in my opinion Okay, we want to understand what's happening here in context to all of this here That's what's key So look at this here buyers Some buying no buying Looking for sellers here looking for them to drop it and we're in the point of control here So we really need to see a lot of sellers here and though they should be able to drop it then at that point And now we don't see a lot of sellers yet Hey, we we see a little bit of buying it just kind of moved it up Hey, but watch out. Let's see it if we get our sellers here They've got maybe enough selling pressure to move away from the point of control Of this little area here And let's see it and then the target would be down here This liquidity down here. So strong move all this consolidation And strong move into 80 or Okay, let's see it Come on sellers. They're here they come Now we're looking for them to move it Okay, now we've looked at the context here between this And all of this uh transaction liquidity Especially in here And then right in here Okay, so we have our reasons for looking for this move You know, we don't know But we have our reasons Is the market ready to move is it ready to do that? Or does something come in here and disrupt all of it? It I like actually seeing some of this buying coming in here and then selling right below it Is watch these guys move and and watch the stop run unfold and the squeeze to the downside Uh, this is something um to mention in here about um more technical markets when when the We're not looking at so much of a um Fundamental market Uh the the data uh is moving the market Hey, that that's where um We can uh We what I want to mention here is when when the market is is moving technically Uh these kinds of opposite moves to the other side and traps and stuff like that happen a lot more Uh, so your your technical analysis has to be you know, um It can be harder in in essence Uh because what you're looking for in here And then it doesn't unfold but then the opposite trade in here You got a figure like who's trapped? Okay, so we just see it we see it right here now. We see a little bit of a stop run not much Uh, because we were looking for the move lower Uh, and we we got to move higher look but look at how the move unfolded here on to the upside Look at the buying up here and then here's the squeeze and it's not much of a squeeze but Um, this is it. This is exactly it Let me get rid of stops and icebergs on chart again So we just have a clear chart Maybe I'll reduce the heat map Uh dim it a little bit Okay, and this is what we're talking about in terms of technical markets. So in a technical uh market, uh um I would I like to look for more of trapped volume uh to fuel moves right because um What is actually moving the market is other players pushing it around? so it's not other players that are reacting to You know a fundamental bias It which can really move the market All right, so, uh, uh, it can be just like other trap traders that are moving the market They and the and a lot of times the uh moves can be very muted Okay, so you think you got it. Oh boy, it's gonna trend and whatever and then it just doesn't In fact, it goes back against you. Okay, so Uh, that's something to consider in that kind of environment All right, so let's just take a look at our bigger picture in here And I can explain it maybe a little bit better On a minute. All right, so, uh, we have our daily over here on the on the, um The left-hand side this move in here was data, uh non-farm FOMC CPI And and then there was some other good data in here as well But you know now we came up into these swings, uh, and then we can see the back and forth activity now Okay, so kind of goes from this very strong tech fundamental move And uh into more of, um, well, we had non-farm this morning, right? But uh, I kind of kind of all over the place. We don't see, um anything really moving that market It's been back and forth Okay, so Um, then we need to look at more of these technical levels now All right, and uh, well, you can see that we came back up above the swing here today And failed back in the range. Okay of all of this previous price action here over a few weeks All right, so we have we have a doji candle in there wicks on both sides and price right in the middle And so, uh, uh looking on the hourly here. Well, we have a double top up here Hey, we had kind of you know double bottom in here Oh didn't didn't come quite down to this swing here uh, and just again Pretty pretty back and forth in here Okay, 15 minute chart also not telling us much Uh, but we can go through a scenario Uh, one scenario really pops out here. Uh in in my mind They just use the pen tool for this Okay is this here um You volume profile traders Look for your high volume node in here I would imagine it somewhere in here, right? But you take a look you guys tell me Uh 40 45 80 somewhere around there And we're bouncing off of it so far So are we finding more buyers? If we're finding more buyers here after this test Okay We need to see quite a few we don't see quite a few We got this maybe we're looking for another test of it And we're still that we at this point here. We're looking for buyers or sellers Who's going to move this market? If we get the buyers to come in Likely get the move back or maybe maybe we'll get back to the top of the range and have to do it again And then buyers come in Uh else we're looking for point of control Tested it here No bind on this little bounce back up here very little bind Come back down here lots of sellers Back down to the bottom of this range here Okay, so there's a higher time frame Uh set up here or um analysis And we'll have to wait and see to see what unfolds here and look at book map and start to understand The liquidity levels as well as the Volume uh within that structure All right guys. Well, I didn't go over any market polls today. Um, I kind of let um Crash do that yesterday. That's uh, it was his show And uh, he he put on a good one. Uh, so some really good stuff in there Guys, I would suggest you go back and watch it We can kind of maybe go through something quickly in market polls Looking at some of these extremes in here But like I said, he's the uh, he's the guy that's got his own setup there With lots of different ways of beating it Or the confluences and the and the checklist right so, um Let's see if I can Get it up and running here market polls Volume pressure. So there's a few different ones I'm gonna look at volume pressure and balance here. Um, but I also want to look at, um Order book pressure and balance as well Okay And we'll close I'm gonna put order book pressure and balance on the left And volume pressure and balance here on the right And then we can take a look here In the sub chart as well Okay, we have two different lines now to take a look at And let me change this over Percentage, okay now Now see how we're not getting too much out of this in here Uh, because these both of these lines are kind of criss-crossing and we I don't know which one's which I mean you can hover over it and it will tell you this one's volume pressure This one above is the order book pressure Um, uh, but let's take the order book pressure and right click on it and we can change the colors here Okay, so that's the only way that you can change the colors in here Uh, but let's let's do that. Uh, and we'll just make this yellow Okay, whoa That volume pressure come in. Um, let's try that again. We'll make this yellow Okay And then we'll make the tops and bottoms a different color as well for this Make it a, um Blue or the vine and then for the selling let's make it a Ink Genta How about that? All right, so we have a distinction between two, uh in here Uh, the uh, we know which one's which now and we're going to compare and contrast Okay, so order book pressure, uh, cut together with Uh, the uh volume pressure Okay, so make sense what we're looking for understanding the um Where there's a an order book pressure now It's going to be hard to read the order book pressure as we mentioned due to this rollover period Uh, uh, however, we're going to look look look at it nonetheless. Okay, so, uh, you know, this is where there is The magenta line down here. Well, it's trading into high liquidity down here. So the order book pressure um Is actually here on the sell side in here Okay, so, uh What we look we want to look for though is order book pressure Hey like up here on the offer. So we want we want to look for the the uh yellow line to be down here in the And see it hitting kind of magenta Uh, where we're looking for volume pressure though How to be going up, uh, i'm sorry to be going, uh, uh down as well Okay, so, uh, let's see if we can get that Okay, because we've already pulled back We've already had this move here, which is a larger player Okay, and stop run So, uh, you know another way there's kind of another way to read this, um Instead of reading the extremes in here, uh, and this it depends on the environment Uh, how you want to look at this uh, but uh In fact, let me um Let me take I'm gonna mute the uh Let's just go to the settings overall here. Okay So we just look at volume pressure for a moment here, right? Uh, I just want to cover this because like Um, a lot of times now, you know, uh, what what um, uh crash had gone through for example Uh was these um when you get these extreme readings in here Um, there's another way to look at this though Uh, look at look at the uh, this would be your pullback here and it's doing it right now I I wish I wish I could have mentioned it back up here Uh, that was my intent was to to mention it back up here Look at the the bind majority of it here. Okay, so Look at this area here See, this is the majority of it, right on the buy side. There's only one little area in here where it was extreme So this is the pullback here now that means you can be looking for your pullbacks here Okay, look at your market structure. Here's your market structure. Here's the drop. Here's your pullback This is where you can get in and then Write it down And when you get your extreme setting that's where you're taking your profit So you'd be taking your profit down here into this liquidity down here and you're looking for an extreme reading on your Market pulse volume pressure imbalance And here we go. Okay, so we're just you'd still be holding it then right Still holding still looking for the move down into here Okay, because we did not get our extreme reading So you would have been in anywhere in this area in here Which would be on Which would be Anywhere in here basically anywhere in here okay Makes sense. So this is the opposite move here this way I just wanted to mention this because like You're going with the trend and this there's some considerations here and You know the the these extreme readings in here Are they they can be countertrend moves? And you have to be kind of careful with those or reversals as well now And let's let's go through an example like how crash had gone through that And what what he what he was going through was looking for an extreme reading But he's looking for a pretty strong move away from an area and then he's after that strong move He's looking for that capitulation. He's looking for that stop run. He's looking for that high liquidity that absorption That those extreme readings and then he's looking for for the move back into That that previous range or value area or reversal Okay, so it's a it's a different way of reading it And what I'm talking about in here is is Um A shift of that you're looking at the majority of these transactions on the move back And then you can see the extreme readings are mostly to the downside here So you're looking for your pullbacks in here And then you're exiting on the strong moves, right? Okay, so you'd still be in this you're still looking for that sweep lower into this liquidity down here Okay, so and you'd be looking for a few more points out of this And now you might not get it But that is the the concept Right, so lots of different ways to read this use this tool. It's a really good tool guys. I would Suggest you play around with it. Um, I would suggest that you not only play around with it make some images in discord Heck join the academy here. Uh, let me show you where You can just go to book map.com Click on the more button go to right here community book map academy You can sign up for the academy. You can sign up for the blue jacket. That's in here as well Believe it's in here, maybe not. Um But anyway, I had no exactly where it is just do blue jacket And pops right up so book map.com slash blue jacket And you can find it and sign up for that Uh and sign up for this academy From the academy page Start creating some content based off of this market pulse in here and we'll give you feedback. You'll get feedback from the group As well. These are some ideas in here And you can develop a trading plan right out of it. This is exactly what crash did Right slowdown is also using it jack has been using it for many months Uh when it first came out Hey, we've just had a big push on more algos coming out That's why we've been covering a lot more because there's so much more now to cover Uh and go through these use case scenarios Anyway, guys, uh, let's see here. You'd be exiting on this move in here after your extreme reading So we're just waiting for that move into this liquidity here Uh and uh, let's see if we can get it And a nice sweep into it would be great Now you have you're gonna have to be quick, right? I mean it's likely going to be a quick move Uh and a sweep Uh and then you're gonna have to have to exit. So you might even want to place your limit by down here as your take profit Okay, looking for that move and to unfold here Uh into that liquidity All right, guys, let's wrap it up. Thanks for coming everybody. Have a great weekend. Thanks again crash excellent, uh webinar and um We will uh catch up with you guys on monday. Okay Yep, have a good weekend. Bye. Bye