 Good morning traders and welcome to the book map all markets webinar. This is Bruce at book map. Good morning And we're gonna go through Book map and order flow on any of the markets that you guys want Typically we start and stick with the SNPE mini. That's what most people want but The live analysis and how to read the order flow. That is the edge that we want to get across here using order flow and Understanding this context of the markets and what book map can visualize very very well for you And we hope that that that's what creates the value for you. So we have this this webinar every Monday Tuesday and Friday at 10 a.m. so I've been using book map for about eight and a half years and trading markets for about 15 and Lead the education over here at book map. I'm the order flow specialist And about the market microstructure, which we'll talk more about Everyday we talk about that Anyway, you can reach out to me on our discord Bruce at book map number 39 and 93 and then Twitter is my at-flow order 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, let's jump in. Let's take a look at these markets You can see the SNPE mini here. This is book map You can see the sell-off here in the pre-market some chop back and forth up into high liquidity here at 4510 that's this orange area here The 930 cash open it retest back up into there And we don't get enough buyers to take this any higher In fact, this is kind of an interesting one. We'll they have to look more into it here Very interesting one a lot of liquidity here on the bid And you can see that sellers just went after it and that traded into all this liquidity here This is a really interesting open I've never seen that well. I haven't seen something like this in a while. So I imagine this is You know, who knows if they getting filled or they exiting But we know that it's a likely larger player liquidity in here staying in the book and getting filled in these areas in here So that's fact and that much we know and we can see even another big block of liquidity It looks like a big spoof in here It's not they trade into that liquidity All right, so we know that there's a lot getting filled up at the top of the day here or top of the range here I should say and Yeah, we'll continue to look at this in here before we do though We'll come back and revisit this here because this is pretty interesting stuff Let's look at the bigger picture our bigger pictures perspective good morning karma FX and Good morning over on a discord All right So Yep, thanks Stan order flow for today. Oh, that was yesterday. Okay Anyway Let's take a take us a Pause here to look at the bigger picture and then come back and revisit here. So this is these are my rhythmic charts Just a very very simple candlestick charts And so what we're looking at here is the daily on the left hand side The hourly in the middle here in the 15 minute on the right So the daily chart is you can see this is a pretty pretty bearish candle here for for today It's engulfing of all of yesterday's price action to the upside And let's put some more bars in here just so that All right, let's see the back period. Okay, there we go. All right. So we just are testing the lows swing from Back on the fourth august fourth on Friday And And then we're yeah, it's just it just retesting this kind of back up into the range here And where can this go? Well, this is actually a pretty good area for it to go based on the the daily chart The swings up in here the breakout above it the retest back to it And now let's look at the hourly though and get a little more perspective in here And what's happening? So on the hourly we noted yesterday that there was this gap fill No, no, I'm sorry not yesterday. This was on on Friday and we saw that gap fill in here in the Back up and then just slammed right back down again and then another gap fill up On yesterday on Monday, and you can see the market kind of climbed up here But overnight another big big gap in between here between this kind of 45 30 area on down into 4507 so We are down at 45 95 at the moment and we've gone as low as 45 91 or so Okay, so this is looking pretty bearish in here However, we've tested below it's rejected so far And it's back up into The range in here. Okay, not yesterday's but fridays All right, so let's take a look here at book map and see what's going on that makes it a little More difficult to read of what's happening today because It's yesterday's action all. I mean, sorry. It's fridays action all of yesterday's action where we gapped Below all of it basically And kind of came bounced up retested it here. That was the high that 45 10 And then have come back down again All right, so there is momentum on the downside And no question about it So but we're starting to see these wicks here on the 15 minute chart So where might this go right so um, well We're looking to see maybe a pull back here. These are two big wicks. So we know there's some buying down here Let's confirm that in book map. All right, let's see what's happening down there All right, so if we come back down into these areas here This is where we can get some some insight. Yep filled here around 45 44 95 some filled down here around 90 In a quarter and a half What about the retest in here? So we made a higher low And tested into this liquidity which It transacted but it held Okay, so and we do see some aggressors buyers come in here And they slightly broke the yes swing here And now we're coming right back down though with some selling All right, so Is this going to be reversal? Is this kind of the the making of it here? We saw the wicks, but here we are and you can see the sellers coming right back down into it Okay, so I'm actually looking for the sellers to test this liquidity here At 92 and then I think they can break it on this one. Here's why You know, we we have some we need to see these sellers show up though Hey, because we have the fuel up here of the buyers Getting in maybe a little too early And we're we're just coming down here There we go 90 Just you can see a little volatility starting to come in at 91 here All right a little bit of back and forth there still looking for sellers to try to take this into 90 and 89 And let's see if we can even get down to maybe even 85 and a bigger move here Now the reason we're looking for that here now it we're going to we're going to get our answer here pretty soon But the reason kind of looking for that is here's the swing up here. We have a lot of buying pressure in here Which is going to have to be selling pressure down into here All right, so that's what we're looking for pretty strong sell move sell side right here from 95 on down to 90 Okay, so that's kind of the scenario that we're Laying out here now that said Uh, we can also look at the next scenario Uh, and that would be that these are buyers starting to come in Uh, and we maybe retest back down here, but we see even more buying coming in And then we can see that the liquidity is getting filled in here Okay, so actually looking for actually for the moment right now Let's see if we can get a little pop on that buy side right now And then maybe we can come back up into this transaction or maybe this one up here So we're talking about 93 and then also 94 75 Okay, looking for a pullback at the moment All right, so and that came from Understanding the context between this liquidity in here and not getting filled Or coming in at a higher level and finding buyers. Okay, so originally we're looking for it to follow through Uh, which it did it's it did hit 90 it did hit 89 And now we see a little bit of a flip in the order book here a little change in the order book here So we're looking for the move back to 93, which is already unfolded But let's see if we can get back up into 94 and three quarters as well And so um, uh, yeah just uh looking for that And uh Might be it might be asking a little much to get up to 94 and three quarters But let's see here All right, so anyway, uh just looking at um Going through scenarios in here and uh understanding Where price might go based off of the liquidity in here and the price structure I hope that makes sense Buyers on the wrong side of the market uh fueling the move to the down. Yes, that would be the the scenario here However, you can see the support in here, right? So And then again here now up at up at this 90 Right here And here we go though. We're we're breaking that that was our pullback. That's as far as we got Uh, and then now sellers are really engaged here coming in. So now we're looking for 85 Uh and lower here 85 82 You know 83 and three quarters 82 maybe 80 here strong move on the sell side All right, let's look at our bigger picture here And remember those two wicks that we're looking at in here. Well, here's our answer You know, we can see the the sellers coming in and and moving it lower Right on the daily chart. Where can they go? This has already been a pretty big candle on the daily Completely engulfing it here Uh, and um boy, this could be uh, I mean, uh, you know, this is why looking at atr can be really helpful Um Have we moved enough already? Uh, do we see more selling pressure? So let's go through A couple of order flow scenarios yet again, right, but this will be bigger picture Uh, so this has been a pretty big move already Right. So is this going to be a giant candle and and be double the size and come back down in here? I doubt it doubt it so The first let's go through the first scenario Well, that would be the first scenario That we're going to continue on lower into some of these areas and then let's look at the hourly or the 15 minute We're going to go to the hourly To see where that might go Yeah, I like it. There's a gap fill over here a pretty big gap Maybe that's where we're headed 73 44 73 that makes sense to me Uh, we can see the uh Yeah, somewhere around in here, maybe 77 uh on down There's another gap in here, which we're just about to test Which you know was filled on the on the way up here, but uh, it's around 82 83 Yeah, I like this idea around 77 to 74 All right, so that's scenario one Uh continuation continuation move in here Uh scenario number two We'll we'll look at the 15 minute chart for that Uh would be maybe the um start to see some buyers come back in here Uh, and then uh, maybe we're going to move back and get a retest back to about 94 for starters right right around in here And then you know also swing high of the day back to this 45 45 uh 10 area here All right, so anyway, um Our first scenario is what's playing out so far. So let's see looking still looking for continuation. Basically Uh, let's take a look at the order flow Uh treating it to high liquidity here here And still finding some sellers Okay, so still going lower and looking Looking forward to still continue on going lower until we see something different Looking for more and more sellers in here Yep, good morning everybody over in youtube and how about over at discord right Hey getting a pullback here I'll put a little structure on this here just to look at diagonals diagonal channel Yeah, we see the pullback. We see the the channel here and it's starting to break. Um We have to look for a lot of buying in here and it's starting to mount a little bit, but this is really You know not not too convincing Uh at the moment here, there's just a lot stronger selling than there is buying here Hey, we may see a change or a flip here, but I don't see it quite yet That's just not enough buying Good morning trader Anything you guys want me to go through uh cover today like uh, we went through um looking at this exercise yesterday looking at liquidity Uh and understanding the um Understanding where price might go just by price action and liquidity only All right, so we're starting to understand that relationship of liquidity and forgetting about the transactions Okay, in fact, we we took the the transactions off Off the chart. We weren't looking at volume All right, so look at look at like that we took we can look at this kind of book flip in here They were here now they've kind of flipped to here. So we're looking for 85 to transact Uh and push it into this liquidity here and then maybe we get down to 83 and 82 as well Okay, so that see the offer coming in with more here on the offer and then that that high liquidity here Uh, yeah, I'm not sure if it transacted or not. We don't have volume It looks like it probably did Okay, and do we see buying interest interested in 86 50 and 87 liquidity and no we don't All right, even look at the skew in the book here at 85 50 All right, so do we still find buyers? Not really. So we're looking for like uh this kind of 83 ish level here I understood Do you guys Was that kind of clear like I mean it's playing out pretty nicely now. We never know right These things change. In fact, they're pulling up here at 85 50 um, but uh We're still kind of down here Now we're coming back up. Okay Anyway, just this is how you understanding the other side of the trade and and understanding the auction process in here Uh can can be really helpful. We're right in the middle more or less between 87 and 83 We're a bit we're a bit higher But uh, you know the middle is somewhere around in here, right? 84 75 or I don't know whatever it is um Or 85 here Okay, but uh, okay buyers did come up to test this 87 here Okay more at 87 now. Let's see if the buyers are interested in that liquidity And they're not Not yet at least There they go actually morning Deborah Deborah anything you want me to to go over cover today All right, let's see. We can get our sellers to come back in here and drop it down back down into uh, Maybe 83 at this point Uh earlier, we saw a pullback in a train continuation. Can you explain yet using book map tools? Sure, uh earlier today Or earlier when we saw the pullback you mean this Which one uh Maybe it was this one here. Yeah, it was this one here. Yep Okay, um, so yeah, you know, we what we saw here and and we put these pieces together Uh, and and we we put in two potential targets one was 80 93 and the other one was up here Uh around 94 75 or something like that um, and um Here's what we had okay, so we had um With the price structure uh, and or price action as well as the Volume within that that creates the structure here Uh, what we had was this move down Okay, and uh, and then some back and forth in here and some buying up in here that broke the swing But it came back into the swing Uh, and then we saw the selling coming in here pretty strong selling So we're looking for the move back down into this liquidity here We got that and then we're looking at this in here And we kind of read that uh, all right. Well this got filled this got filled and they're bidding up in here So and and we don't see any transactions taking place in here Once we start to see these buyers come in on the other side here. That's when we're looking for our pullback all right and looking for This what it was it was right here 93 Uh, and it was a transaction cluster here that we're looking at right in here And that that's why we're kind of targeting 93 And that's where we went to a little bit higher Okay, does that answer your question about the pullback? And then you can see like even high liquidity in here is still bidding up and Uh at these areas even here bidding up, but sellers took them on Right and we knew that there's more selling pressure here. That's when we can look for it to trade back down into um, you know 85 and and and lower Okay, well, let's see are we gonna still see more buyers up here if so Then we're looking for a breakout up into 91 And 92 and a half or so. Yep, there they go It's a nice little cup and handle pattern in here It's kind of you know, your head and shoulder whatever it is. It doesn't really matter It's the it's the we're going to read the order flow in the in this back and forth here in the transactions Uh to understand this pattern here And yeah, still I'm I'm still looking actually for it to come up into 91 and maybe 92 It just just for now The reason being is um Yeah, I'm starting to get some of that buying up here, uh and uh That liquidity pulled here and the crudies up here 92 and 91 and 92 High liquidity getting filled on the way down Pull back that breaks the trend Uh retest down here. I'm surprised we did not hit 93 here Uh and then back and forth in here, but Nice cluster of buying followed by a nice cluster of buying in here And uh, I'm still looking for just a move a bit higher here Not much It's just up to about 90 92. I guess Uh, this is where that that break occurred here at 92 Okay, so this is you know the cup and handle that I'm talking about here It's the it's this shift and change first off. High liquidity getting filled Number one Structure starting to be broken starting to find buyers come in Higher low here higher high here. This is where the cup and handle pattern started to break out And this is the basically the cup and this is a little the little handle here So we saw more buyers here. So that's why we're looking for the move higher They're looking for the continuation of them part of the auction if they can auction higher Uh and with more volume, uh, then we're looking for the continuation Okay, we did get to 92 It did transact not much though Three contracts Okay, and then sellers rolling over here. Let's see if we can get it Uh, actually at this point here, uh, let's take some put some structure on this because I'm actually looking to see if sellers can now Jump back in here Break this level and then trade back down into 87 or so All right, so we got a little bit fuel. This is we we mentioned this yesterday about the fuel I mean we've been mentioning it for quite a while Um that this little move in here see how this kind of these buyers are just going to get run over on the way back down Uh, and we should see we should anticipate a stop run in fact Uh, I think it needs to go a little bit lower here, but then we should get the stop run And then that this is the move into what we said 87. Maybe we're going to even get to 85 here There's some exhaustion. There's some selling come on sellers. You should be able to hit the bid now into 87 Looking for it A little bit of a boost here at the liquidity here at 87 50 See how this just popped in and kind of changed things here It's looking really good for the move into 87, but someone came in here and the reaction was some buyers So now we now we can see now we're going to look for 87 and maybe through 87 Back down to 85 so, uh Yeah, still still looking for it sellers to hit into 85 here Okay, that's not a trade recommendation It's just reading the order flow and putting these pieces together and we're looking at more microstructural stuff in here Okay, the mechanics of the market here if you if you haven't already seen this then We're getting a bit of a shift in change in the order flow here But I want to show you this here from our learning center go to bookmap.com click on the more button and go to learning center here And then this market mechanics course here Highly recommend it here. It provides a beautiful foundation for you guys To understand really what makes these markets move so for example We go through and have some illustrations here of really understanding the market mechanics hitting the bid lifting the offer in this case an order book and balance in here that affects price to hit Fine sellers hit the bid here And trade into this higher liquidity at lower levels here. So that's We'll see the same thing in here And that's what we're actually looking for right now higher liquidity on the on the offer here And then sellers to hit the bid into 85 Okay, so we've already traded 87 looking for a bit lower here And let's see if we can get it Okay, so I don't I don't see it yet. See how they're not hitting the bid right? That's we need that Uh, the the order book looks good. Uh, we we see high liquidity here at 88 and 89 88 and three quarters There's a bit of exhaustion Okay, now we need to see sellers here hit the bid at 86 50 Okay, if they do Then we should probably get our break into our into 85. There we go. Let's see the fake They should be able to continue here. Okay, we're just looking for This the reaction to this liquidity here And not enough buyers And then some sellers down here now. This is getting totally disrupted here Right, we are finding the buyers now and we're also finding the order book skew to the opposite side So it kind of shifted and changed there Right everything again looking good up to this point Uh looking for the follow through here to the downside and then we got some buyers come in Right, so if when these kinds of things happen and shifts in the order flow like that um It the best thing to do is if you if you get caught up in things like that Just get out of the trade and look for the next setup Okay, and you can see the a little bit of volatility coming in here um The the move that we're looking for is now starting to unfold Uh, this is kind of odd move It really is um But you know here they are on the offer pushing it back down All right, let's zoom out a bit here Yeah, so these guys didn't have the intent to trade that was uh Kind of spoofing type of activity in here And not a whole lot of sell volume. Uh, most of the volume is up here not down in So kind of back and forth All right, there's a bit of exhaustion there looking for our sellers again here Let's see them push through 86 and a half down to 85 And then I think maybe we can even break 85 to hit 83 here and let's take a look Uh, let's see Um, Rob, you want to look at rty? Okay. I don't have it up, but we can add it. I know you're such a big rustle trader Yeah, in fact, let's uh, let's let's go through uh, let's bring up some of the market pulse tools here And try to try to look at nasdaq and rustle together with the s&p So this is this is actually looking bullish here this pattern in here Some selling no selling here come the buyers good good buying Uh in here as well Right in this little area So I have the potential to come back up here and break out And they're pulling up here at 90 as well. So 92 would be our next stop They were kind of all over the place today We're looking forward to come down into 83 or or 85 and then 83 and then this kind of This kind of disrupts things in here and then you can see the lack of selling down here and buying up here So we kind of have to shift and change and look for the move to 90 and then maybe 92 as well All right, and let me bring up this market pulse so we can not only look at but we can hear the rustle as well And uh, yeah, that's uh, let's just let's make it a little simple here stop the This one and this one keep the Stop that. Okay. So now we have volume pressure for all three Forgot to press play Not enough data. What are you talking about? The data Yeah, for some reason these are not working at the moment So we just have the s&p Let's try that again. All right. It's not not quite loading there. Um Anyway, Rob, I don't I don't see too too much happening at the moment here in this rustle. Um I'm just gonna quit market pulse all together Okay, so Looks like I got a freeze here and in some of the data. I don't know if you guys are having some issues here Um, all right. Yeah, I just had a freeze up here. I really don't know what unfolded here Let's uh, just Rarely happens in bookmap to be honest Um A restart here Am I getting data? Yeah. Okay, so really make charges working. All right. Here we go All right, let's try that again here So pity I lost all my data in here, but we'll um try to reload some backfill data in here Yeah, this is where we ended up here. We we were here. Okay now get back on back into the groove here. All right, so We kind of saw this strange move in here Uh and a bit of a spoof Try to get price lower into 85 and 83 Uh, and then we had these uh buyers come in some back and forth in here More buyers in here back up into 92 and 93 and then right back down again here so Um, and uh, let's let's take a look here. Are we still getting uh more buyers in here or is it uh More selling pressure. This is a nice cluster of buying here, but we are below it here And uh, we need we need to see some support in here, uh on the buy side Okay, uh limit buy orders here also aggressors here We we have a little bit of both, uh, but uh, uh the sellers here, um You know the the limit buys are down below here. So 85 and 83 here Finding buyers a little skew on the book right there All right, guys. Well, let's take a look at this here. Like this is getting really interesting. Um, because look at the buying coming in now Uh, it did break this swing here, but there's quite a bit And um, I mean compared to what we had earlier. I mean sellers still remain in control from Well from way up here in this point or even you know cash open here. Uh, they're still in control Uh, we see some buying coming up and climbing up Uh, uh kind of close to this uh 94 95 level up here, uh, but um This is what we want to look for now. The first scenario that I'm looking for actually is sellers right now here Uh at this 87 level looking for them really big sell sell transactions here Uh, if we do see it, I think they can hit right into 85 and 80 83 here We were looking for it earlier now. What do we have to our our advantage here is like the all all of this buying in here and here Uh can be uh upended, uh for a quick move into like 83 Um, but uh, uh, that would be the scenario first scenario to look at uh, and uh second scenario uh, would be that Uh, what we might get down here is a kind of a false breakdown or just kind of breaks it And we will come back up an auction back up in here and then maybe even get higher here on that buy side So that's why we look at the outside edge here To see if we get that selling and as as well. We want to see higher liquidity on the offer at a lower area here And understand it here. So we're getting buyers instead right now. Okay, so it's able to climb back up Okay, so this instead instead of looking for follow-through here. This might be the false breakdown But it's it's a hard read. Um, to be honest, it's not the uh, not the easiest here And the reason being that it's not the easiest is it's pretty equal Uh, so we it kind of it erodes the edge that we're trying to trying to gain here We we're looking for see the the big green dot here. We want to see a big red dot down here and we want to see continuation Okay, but you can see how these red dots here are kind of equal to some of the the green dots on the way up So what we're trying to say is there's buying pressure. They're selling pressure There's buying pressure and then they're selling pressure again Which is creating this kind of back and forth here Overall structure in this time frame though is is bearish Because we're making lower highs lower lows And then uh, let's see if we can uh, potentially get a break and and uh, Hit the 83 and 80 85 and 83 And no not not on this move. That's for sure But you know yesterday we went over uh, this might be interesting For you guys instead of we'll go through these scenarios as we always do but i'm going to add something else in here Uh, you might be interested in uh, we we showed some candlesticks Overlaid here. Uh yesterday This is a what five minute Yeah, five minute candlestick chart. I'm going to add a few Indicators to the candle which you probably haven't seen before I've never seen it before We we offered it when the when the candles came out like, you know, several years ago Our cto wanted to put a vwap on the candle So this is going to be interesting and and Here's why we'll we'll we'll talk about a mean reversion type of activity here by looking at vwaps on the candles All right, so this is the the also the best bid and offer Vwap and then there's total vwap here. So see the little um I'll show you the distinction here Okay, so this one here this little little horizontal line. That's the overall vwap. It's this one here, right? So if I have it, uh unchecked it will It'll disappear and this one is for bid and offer Okay, so the the move this is a green one here and this is a red one here So that's the bid and offer our bid and ask vwap. Okay on this time period five minute time period So what is doing? And what it's showing us here come our sellers guys So looking for the continuation not just 85 looking for continuation Uh, let's see if we can get a big move to the outside here Okay, looking for uh more and more sellers here to move the market Okay, starting to show uh more size here on the sell side I'm looking for them to try to um claw through all of that liquidity here. Let's clear our drawings. Let's look for this scenario here to hold The selling looks good I like it lower highs lower lows our sellers are coming in Yeah, I it looks looks better and better for the move into 85 83 and then 80 Okay, lots of selling Big sell dots here It makes me a little nervous here the selling looks good What makes me a little nervous is the selling is able not able to drop price At least not yet. They should be able to here we go It should be able to there's 85 now. We're looking for 83 And 80 Uh, here's why it wasn't able to drop. This is why we we didn't see the price drop It's this liquidity that was holding it up. Okay, we have to zoom in to see it here But it is the other side of the trade right in here clearly Clearly big big red dots but into high liquidity and it still held the market up Okay, now we know there's more selling pressure. So that's able to drop the market So here's here's what I wanted to show you with this kind of vwap. I think it's a really interesting idea um I'm going to draw a line between the Uh, the vwaps in here Actually, let's put a few more calendar candles in here. All right. So now this is the um Volume weighted average price during this five minute time period Okay, so Now we're starting to we can start to talk about like mean reversion type of activity by understanding the vwaps on these on these candlesticks within that what it means here is We're coming up on a five minute Arc here. So let's just cover this vwap right here Right now. It means within this period between here and here, which is almost five minutes Uh, is the the uh volume weighted average price is here. Okay on bid and offer as well as overall right here at 86 So 86 is the vwap Okay, so that would be where we would be looking for all of this price action within here Uh is uh the the um the vwap is here All right, so that's that's what it means. So now what we could look for Potentially we're still looking for the uh the drop here uh and sellers to take it outside of the range Uh and then explore outside of the range on heavy cell volume However, uh, if we don't see that and we start to see like some exhaustion in here and then maybe the books support it Etc. Uh, then we can look for a retest back to 86 to begin with and then maybe up here At 88 and a and a half up here Okay, and we can still be bearish actually even if that does unfold So, you know the kind of overall, uh, in fact, maybe this is kind of a good level up here Uh, kind of overall would be like as 89 50. Okay, so in fact, let me do another thing in here Uh, let's uh, let's take a look at our vwap here And uh, and I rarely look at vwap, uh, but we're going to look at some skewed or um Vwaps on lower timeframes here. So we're going to have it reset right now You can see that I have it reset every 30 minutes starting at a specific point right, so um Anyway, so every 30 minutes we're going to get a reset in the vwap Right and that now does this vwap kind of line up with the candle vwap? In some of them it does not not this one up here, but it almost does here It does here and it almost does here as well All right, so not bad not bad Uh, and then it's the vwap is now this white line Uh, we are clearly below it and we're seeing sellers here So we're still looking for the continuation outside Okay, we're not looking for a return back to vwap right now Okay, that mean reversion trade maybe later Okay, not looking for it right now Uh looking for sellers to hit the bid we're at 83 Uh, that was our kind of initial target in 8080 would be our Uh longer term target here Okay, high liquidity in here it filled it Uh, not much selling pressure below it here Okay, another thing that's uh, if we look at these kind of uh candles with the vwap As well as vwap that uh resets every 30 minutes It kind of lines up nicely with our point of control up here So around 86 to 86 50 Is what we'd be looking for if we if we see buyers come back in I just back up into the Moving average or the averages up here. Okay, we're making lows for the day right now Okay, now let's be very careful here because Look at the transactions here and the stop run Do we get meant mini stops down here? No. Okay, so here come some buyers actually Looking for a retest back to our 86 level right now It just back to 86 or 80 85 75 Okay, because because of these transactions A retest back down here very few stops big stop run here Now looking for the mean reversion Hey back to uh Yeah, well our our our high volume knows here around 86 50 Okay, uh our other um Yeah, let's just call it 86 here Okay, so anyways that is that kind of is that concept clear? Um, and how you can kind of look for because this is this is kind of catching a falling knife in here Uh, however, we have some things on our side Okay, we know that this was high liquidity is being filled high liquidity again just below it being filled stops here on this leg Very few stops here starting to see buyers come back in All right, so we got the move just back to the little swing here on 85. We were looking for more looking for 86 Uh, and uh doesn't look like there's enough buying pressure All right, we gave it a shot. We're looking for it. Uh, and uh Again trying to catch that falling knife. However, we got a few things on our side and now it's not working out So what do you do take the scratch? Take the scratch All right, we don't know if we just might get run over here We see the sellers mount here. We're looking for our original move down into 80 That's what we're originally looking for anyway. So again these are just trade ideas, uh, and um, uh, if you are If you were already positioned, uh To the downside in here, you'd you'd still be in this because like it didn't it didn't trade back to the mean Uh, and you can see that it's still down here Okay, so there's no reason to get out yet on that Uh, now if you if you were looking for a mean reversion trade back into here Uh, then you had a few reasons for it Uh, and then um, uh, it didn't work out and uh, It would have been a scratch trade Okay, just a few different trading scenarios Let me get over to discord. Sorry guys Okay, nothing new over in discord, right? How about in youtube here? Uh, yeah, let me show you something, uh Uh a lack Something interesting in in here Now this is actually very similar to what we're looking for before Very very similar. See we went lower here a few a few stops hit, but now look at the buying here, right? Okay, this looks better, right? So now now we have the potential for not only it's already back to the vwap here We can come up a little bit higher 86 50 Uh, and then maybe we can get kind of an extension back up into these kind of mean reversion ideas up here around 88 88 and a half Right, so you see the buyers come in Yeah, so Malika, let me show you something in here about this svp the session range volume profile that you can do So right click in here. We're going to add and insert another column. So we have a duplicate Okay And then what i'm going to do is i'm going to reset this. Well, let's go to the original one here Uh, and then we're going to configure it and we're going to show point of control All right, so the point of control on this uh svp. It is this session range volume profile So when I opened up my book map, uh, it is calculating it now. I had you know, I had to restart book map Right, so I have it Well, let's let's just do something simple in here. Let's have it reset um Hold on, uh, right. Let's have it reset here Um at the cache open. Okay, so we have to reset it through the columns. Uh, in fact, so we'll go to reset Uh configure reset, uh, and then we're going to have it go through Uh at the session start Okay, 930 edt That's it All right, and that looks like it did reset up here. Let's take a look Yeah, so it reset to zero up here All right, so now if you do that you're you're Point of control and you're in this svp should be the same as mine Okay, so it should be at 86 50 All right, so we got that And let's clear our drawings again Okay, and then let's do another thing in here. So we got a few different, um ideas in here for, um mean reversions Okay, we have candle V-waps each candle And this this could be a trading strategy in itself right here just by looking at some of the candle v-waps Okay, like, you know trading back up to this five minute period in here and that would be this v-wap here at 86 All right, or you know just go to the point of control a few point a few ticks higher Okay looking good here Um and and look at the look at the the bid here too pretty strong bid followed by buyers Okay, so we would look for this move up into the 86 50 here Okay, more likely because we have a lot of things on our side here And now you never know in trading Someone might hit the bid and just dump in here Okay, but what we do know right now we would look for this move up into like 86 50 Okay, now. I know it's only a point away, but like Again, it didn't it wouldn't matter. Uh, you know, maybe it maybe your v-wap or your your point of control is way up here Okay, it's not it's here all right, but um Anyway, so let me let me go through this concept for you. Um, uh malak So a louise just answered your question Uh, and then let's also I've got another uh svp here. I'm gonna right click in here I'm going to go to the reset and reset configurations here Uh, and then we're going to um a schedule a reset every Certain amount of minutes All right, let's put in 30 minutes and let's see what it looks like here Oh, and then let's uh, let's add our poc And then I'm going to change the color on this one. Let we'll keep it Um yellow, but I'm going to make it like a darker yellow or a lighter yellow. I guess how about that See if we can see what it looks like here Yeah, let's just make it a different color all together. Let's just make it blue. All right. There we go Okay, so here's our view. Here's our point of control that is adjusted and resetting uh every What did I say 30 minutes? Yeah All right, so it's down here actually All right, so now we've got a whole bunch of different averages in here where we could look for uh retest back to All right, this is not really my style of trading, but I know it's a popular style to look for uh, you know mean reversion type of uh of trades if Yeah, uh, and It's a good idea to have like these lines on here to to understand Um, where price might go What I think is the key Is to align it with liquidity in here. So there is liquidity at 86 50 So again, we're still looking for buyers to hit 86 50 here We had a pullback here back down to the bottom of this little range here But we're back up again, and I'm looking for them to just push it up into 86 50 and we could even get a nicer move maybe back up into Uh, remember these these candles here and they're moving or their vwap So maybe around here Around 80 89, let's call it and there is liquidity there too. So there's an idea there Uh that we can look for something like that Okay, now if this is something that you Look for and you like you've got to you've got to back test it Okay, how often does that happen in what environment does that happen? What time of day what instruments? What is the setting that you're using? How often does it happen as compared to not? What about the order flow shift and change in here? Are they on the bid in here supporting it? Do we find aggressive buyers? Hey answering some of these questions in here And then now we're looking for buyers to reach 86 50 and then possibly let's just call it. Yeah 89 and we'll mark it up up here Okay our 89 level horizontal line At 89 right right around here It's 88 50. Let's just call it right there. All right Okay looking good here. Okay. There's the pop And looking for a straight. I'm basically looking for a straight move up to this 88 75 right now Or 80 or I'm sorry 89 89 Okay, maybe a bit of a pull back and then the next leg That we can even look at a continuation pattern in here. Let's look for that, right? Boy, we're covering all sorts of stuff in here, but this is more kind of this is smallest structure. It's not microstructure Hey, we can look at microstructure, but we're looking for impulse move pullback impulse move up into 89 Right that would be our flag pattern in here Hey, uh, if we get our pullback where we look for Yeah, it's kind of creating that right now, but now I'm looking for the move higher actually Yeah, I think we've already gotten our pullback Uh, let's see a lock the retest of the second vpoc was a very nice long entry Uh Oh this one here. Yeah. Yeah. Yeah, this would be um I'm not sure if I If I'd be in on that I would be more in up here to be honest um Yeah, I Just the retest in here like uh, we can cover this in here because we're I'm trying to get to covering this um Kind of reversal pattern, which is like an inverse head and shoulders and then a flag pattern in here Impulse pullback impulse, right? Um, and it's kind of all over the place right now. It's not really doing it Uh, I thought we'd do it here immediately, but uh, we still we still might get it here. So kind of a Really wonky looking flag Yeah, well anyway, let's let's take a look at this here. Um, uh malak and and and um Why uh Why maybe here, right? Hey, so yeah, it's not not my style Um, but we we can look at this in here There's a there's a few different reasons like for the order flow. I just don't like it Um, you know, it could come down here Why not why wouldn't it come down here because this is a v-wap or a point of control? Who cares? Right. Okay. We we understand what it means. It's like an average here uh, and uh, and you know that that makes some sense here, but there's It's really the bar participants in here looking more at the auction right if they if that we did have high liquidity up here then and that Either didn't test or got filled and we found more buyers in here Back up above it then then I would I would look at this line And give it a little more credibility okay, so All right, well we only got up to 88 50 here And then the sellers are coming in now Okay, so it looks like our impulse move Sideways action and impulse move is failing now Right sellers are coming in It's turned into something different here We never got to 89 we got to 88 50 all right, so um, anyway, it was it was an idea uh, and um You know you can it was a Yeah, it looks like it still may play out here But the the the concept behind it here, uh is uh was starting starting to fail here Now it's now it's actually gonna follow through Uh, and we might even get higher here Deep deep pull back here All right. Well, anyway, this is what I wanted to cover in here. Um, yeah, there it goes And we can look at these these kinds of ideas here Uh where it might end up Yeah, I mean, I don't really see much liquidity until we get back up in 93 Uh, this is what I wanted to cover uh in in this kind of uh shift and change here Uh in the uh to the transactions Okay, so high liquidity getting filled on the bid down in here Uh, and then let's add cvd in here Okay, so what we're looking for in here is And how this might help you malak is understanding the flow changing in the transactions here Uh from sell side to buy side And cvd can really help on that one Okay, and and more kind of a bigger structure So we can talk about legs in here like on this leg here. Well, clearly more selling here Uh, what about this this buy leg in here? Uh, or this swing to the upside a little bit, you know, not not so much Uh, what about this move back to the down to the downside? Well, it's kind of equal to You know, you look at cvd. It looks rather equal to it, right? okay, so Now we see a shift in a change here clearly Okay more buyers Uh now we're making a um a higher low in a higher high Hey, what about the sellers? Well, look at the sellers here And we come back up more buyers Right not a whole lot of more buyers, but some Okay, and almost an equal high so a little divergence there Uh now sellers hit the bid Uh down to the swing here And it's still it's still holding Okay, we'll get one more move back up And this is actually where we're see how the sellers between these two moves in here see how there's more sellers in here So look at look at our cvd here Okay, so we made an equal high here But on a lot less buying Right that that I I would not be for that reason even on this pullback. I would not be looking for this breakout here Well, once we get back up in here, I would be looking for the breakout Right. I was trying to justify Why you might be getting in around this area here on the pullback Okay, and I don't I don't really see it. I hoping this is make making sense here We want to understand the transactions within these legs back and forth in here to give us an edge We see more buying pressure in here. We're looking for the swing to the upside All right, and we do have some we do have divergence in here Uh, uh, you know, especially here. It's it's pretty nice in here Hey, here's our lower lows and then kind of higher highs in here Right And then it's really kind of back and forth in here if this leg here had a lot more buying it would look a lot better Or this one had less selling on it put it that way All right, then we'd have more justification as this being a nice pullback And then continuation move All right Hope that makes sense this here combined with your moving or your your pullback to the this kind of uh Resetting poc uh, and uh Also your your cumulative volume delta you you know, you can look for something much higher probability All right. I hope that makes sense. It was kind of long and complex But it's just looking at the sellers and the buyers in this back and forth activity. That's basically Uh, what it what we're looking for Uh, and then we're looking for more um buyer to justify Uh, the kind of a mean reversion and then more buyers at a higher area to push it Uh back up into another mean Okay, so one mean between the other Okay. Yeah, it makes sense good The concept is very simple on the on the two v pox like this. Um, you know, it it's um Just a lower time frame and a higher time frame Uh, and uh, it's nice though because like you you can look for um, you know, maybe even trading Let's let's suppose like price gets too extended between the the the bigger, uh Uh v pox here in the smaller one, right? So which is exactly what is happening right now So whenever when you're looking for that mean reversion trade in here, right? Well, if you see sellers come in right now Then this would be it you would be looking for it in here Right sellers and then you'd be looking for maybe covering some here But you might get the bigger move down into here Right, so you can trade into the move Uh take some off but hold Right because you got the other other average down here or um, you know mean reversion Right, you also have you know, we've got all sorts of mean reversions on here now We've got our our vwap, which is resetting And we also have the The candles in here that have a vwap on them, which I like this idea a lot Uh with the candles Okay, you can see this is it's not playing out, right? Uh, we're getting this kind of extension here We're seeing our more and more buyers here Right, so we can look for maybe maybe previous uh, um, a v poc Back up here. Maybe we're hunting hunting for that which makes Makes some sense. Here's a pull back here uh, and uh If we get enough mires and and there's also liquidity up here too so Again, we're looking for this price structure in here With the transactions to reach liquidity if these areas of liquidity meet Something else in here. We've got something more to lean on Okay, so it would be here, right? There's kind of 93 and a half area Okay, and then and then I would look for maybe 93 and a half and then um I don't know a few different things can happen. Maybe the the the bigger poc pops up here It builds out up here but I would look for a nice mean reversion trade back into to this High volume node here It which is actually you can see what is doing it now Right, so now we can go back and look at our other example Uh, maybe this is this example here is it looks like it's losing some steam here And so what we're seeing a lot of sellers here. They've already hit the the point of control Right, can they get to a previous point of control? You know, I'll be honest guys. I'm not a big fan of all these kinds of Uh concepts and ideas. I just want to present them uh, I'll tell you what um You know, I think you can get more from in my opinion Is uh, let's clear the drawings Uh, and let's take off some of these lines Uh, more from just understanding the the price action The volume transactions within that price action and the order book These three things, uh, and uh, that's it. I mean stops in icebergs as well Not cvd Because this this here I know is trader behavior This too. This is all trader behavior Okay, so, uh, yeah, like like in here. What what are we what are we trying to read in here? All right. Well, uh, this is where those buyers came in and take took control of the market at this point here All right, let's draw it up. So here at our 86 level Just above it or below and I'm sorry Um, and uh, so now We're we're bullish in here until we see something else now. That's on that time frame Uh, now we can look at a smaller time frame in here The seller's just dropped it And now we're getting a retest back up here And I would look for that retest in here sellers pull back Not so many sellers buyers Buyers back here. Let's see you move back up to here And and look at them pulling liquidity in here as well. Now the one thing we're looking for now is on the bid Hey higher liquidity up in here And then push it on up into uh 92 Okay, uh 93 And now we didn't get the buyers on the bid bid here And that's for sure We we did get buyers though and they did pull on the offer But we got a few few items in here Is that enough to make a trade not not in my mind You you really need the all higher probabilities just wait for the when it really Really looks good. It really hits you over the head in the order flow The order book is uh supporting you Okay, hope hope that makes sense in here. This is reading more of the raw data, but you're what I like about is the clarity In the trader's behavior And that's what you're reading Okay, so this way uh We can uh look for that to unfold instead of like, you know some of these um I don't know if it's a moving average or a point of control or a vwap or whatever um, which sometimes it just feels like you We're just looking at those lines and have significance because it's it shows showing a line on the chart All right, so anyway, um, that's another way looking at the markets uh, and um One more as well like you know another point here Uh, if you do look at like point of control Uh, that's fine. Uh, as long as it works for you Uh, just I I would suggest to to line it up with liquidity It like this was a previous point of control up here Uh around 94 Is there liquidity? Is it a possibility that we can get up in here around 94 and the answer is yes Right, so that makes sense Okay, the bid looks good Getting buyers what we we have sellers here on the offer as well Right, and it's kind of stopping price from going higher right now All right guys. Well, let's see if uh There's no more questions Guys here, please hit the hit the like button here We uh Trying to cover all sorts of things to help you here Uh, and uh, let me know what kind of trading style you have and we can cover it as well Happy to go through it. Uh, also other markets We kind of had a problem there when we look at the russell. Uh, sorry about that Uh Rob that was uh That was odd That's a nasdaq doing All right, look at this nasdaq breaking out. Okay, so well that's tack Well, we're breaking out here in the s&p See now the read here on this this move here is is difficult There's a bit more buying than selling just look at the bars and the dots see see the bars in here But this is a lot of selling too So this isn't so clear then We can have it come back down in here sellers Then that would be a back to the poc Okay, or you know back into this range in here um so the um What we would like to see on a on a on a continuation pattern is this to be pretty light selling All of by pretty heavy buying again Okay for the second move higher So right now it's really see how this is back and forth and here it here it comes like, you know more sellers coming back in Uh, so, uh, yeah, I would look for this to back to 89 maybe back to 87 50 It makes sense to me Uh, and that would be a mean reversion trade as well But it makes sense to me with with the volumes in here Uh comparing it relative volume Anyway, some food for thought there. All right. Well, anyway guys, this was uh Uh a good one. We haven't uh talked about the any any of these kinds of uh other tools in here looking at, uh resets on the vwap 30-minute vwap And then also looking at a um, uh two different points of control Uh one that resets uh at the cash open and then one that resets every 15 or 30 minutes uh, and then uh looking at the also the candlesticks with the uh vwap on them Okay, and uh, you know that this is great. This is a small little point of control right here Or i'm sorry vwap right here So you can you can also integrate that into your trading Uh and just try to line it up with others In here, this makes sense in here Like this is not a bad average to to pull back to in here We have the last 10 minutes of data Is telling us right in here the last 10 minutes of data is at this 89 50 level and that's fact Okay, so yeah, we could look for Uh that kind of move in here right And here's a here here come the buyers back up into maybe the the last five minutes of data, which would be up here at 90 Okay, so, uh, anyway lots of ways to slice and dice it here guys. There's not one way to trade Hey, there are many uh, and uh We're here to present some ideas, but that's where we leave off. You got to take it further Gotta go back and study it take something that resonates with you. It sounds like uh, uh, malakia. It was uh That really resonated with you with that, um Two different, uh vpocs Okay, and then, uh, you know start to put some some strategies together on those as well like, you know, let's suppose there was a let's suppose like, uh But Here, let me clear the drawings here All right, we'll leave off with this here Get rid of the candles Okay, and we have one vpoc here Uh, this is the big one though, right? I don't want the big one. Uh Let's suppose the this was the smaller one here Okay, that it was not this yellow. It was the blue one, right? um And then the the bigger vpoc let let's suppose it was down here Right down down here Around 83 or so Okay, so now We're pretty stretched away from from these, um Points of control or a lot of trading activity if this is the smaller one All right, and then you we get pretty stretched out up here like let's say it does a double top up here And on this double top up here what we get Is very small buying up here, right? And then it picks up and then you start getting pretty big selling coming in here Up in this area here, you can look for that failure Of the retest here on the double top Trade it back down to this one cover But hold For the bigger move Okay, to the other point of control and it makes sense Got the failure up here You're looking for the first one to reduce some risk and the next one to take your profit All right, it's just an idea Uh to take further All right, and uh if you like that, uh, then And this is a starting point uh to go and and get some data on it And see if this is something that works for you All right guys, well, thanks. Thanks everyone for coming Uh, and uh, we will uh tomorrow we've got uh, Joseph j trader stocks trader at this time Thursday we have scott and then we'll be back on friday We might have a special event on friday, but we'll I'll let you know What's up with that? Okay. We'll see you then. Okay. Thanks everybody. Take care