 All right, welcome to the book map live trade trading webinar. This is Bruce at book map and it's live analysis forward looking Let's jump right in and see what's going on in these markets. We got a lot of stuff to go through And take a look at here Zooming out looking at the order flow. We can see the open here from You know on the 27th and The kind of overnight here and the and the nice nice trend to the upside here as you can see this is a you know weird market due to the Geopolitical geopolitical stuff that's going on out there. We don't know when something might happen And we have to be very aware of that and also just you know be very keen here in agile basically So let's take a look at the higher time frame to begin with I just wanted to look here at in general at the order flow here as you guys can see the Kind of grinding trend here to the upside since you know, you know 10 p.m. Last night and Yeah, so and we're still in this uptrend Okay, so here's our 930 cash open and you can see the volume pick up and it's mostly buying in here And that's not all buying of course But like a mostly buying in here as you can see but look at the icebergs on the other other side here So this is significant. I mean we went from about zero town to about four 4,600 and You know, we'll keep an eye on this as well But let's jump back here. Let's look at our higher time frame to begin with okay So we've been looking at the same chart for quite a while here. We've got the daily on the on the left-hand side here We saw the massive rejection here. We're looking for a higher move on Friday we got it and now we can see we Opened up here kind of back down in this range here on the daily chart But look at the buying pressure again and rejection here and we know what rejection looks like, you know these wicks and you know, this is a Green candle at this point We're starting to see a little bit of selling off selling off here in the daily But let's jump over now to the hourly here in the middle Here is our read big rejection candle on the hourly what it looks like you see the gap and the move up higher This is what we're looking for on Friday and then well, you know here. Here's our open and you can see Again mark some market structure in here. I mean You really it's really important to understand your market structure and then the order flow around those structural areas You can see this pullback kind of almost to this little red area in here There's a red candle a move back down and a move back up This is no different than many of the things we're gonna look at in the order flow as you guys know and So yeah, anyway, we look into I want to see a gap fill basically up here In this in this action So let's see if we can get a see some more bulls come in on this hourly chart and move to the upside Here's the 15 minute chart over here and Yeah, you can see that almost kind of filling the gap or not The kind of lower end of the structure here hasn't quite gotten there yet But looking for it to you know, maybe back up into this volume cluster up here Okay, we're gonna look at the order flow understand these clusters and Maybe back up even higher above it back up into maybe this area up here around 4380 Some wicks up there from Friday. Okay, so These are some of the areas on the higher time frame that we want to take a look at and we want to understand And now we're gonna look at the order flow and book map and see what might be happening This looks very similar to Friday. In fact, we saw this on the bid. Look at the order flow here Hey, look at the on the bid at higher areas Here here and here after the cash open so Yeah, it's bullish. Everything is bullish here. Good morning Alan and Let's see 4350 we're just shy of it here if we kind of zoom in I'm Looking for a move up in that liquidity it did in here. You can see And yeah, they're still bidding up. They're bidding up underneath here at 4325 4330 so Some selling starting to come in now as well Okay, so reaction To the liquidity in here, okay, you know, it's so important to understand in here the reaction to Liquidity the reaction to The market structure or the volume the the aggressors in here So looking for these guys to trade down into this 30 area here right now. Here's the reaction. This is why Okay, we see the kind of move higher Look at the selling coming in looking at pull away from this area up here. Look at the reaction to this liquidity here Okay Buyers came back up here. They did not even trade to it though. We see sellers come in again. We're looking for that move into 30 We're just getting it right now And yeah, I'm kind of curious what's gonna happen down here at 30 and let's see if they stay in the order book here And they are so they want to be buyers down here. That's what it's telling us so Anyway, I need to go through the disclosure here Before we get into more details in the order flow here. There's our move into 30. Okay Interesting move. They're still bidding up even here Yeah, yeah, I'm still looking for sellers to come back down and trade lower into these areas here Okay, but again reaction to this liquidity. What does the market feel about? You know, how does it react to this liquidity? Coming in at 30. See here we go. Do we find buyers? Okay, or is there still selling pressure? Do they want this liquidity? Do sellers want to deal down to here? They see them pulling up here on the offer. Do we find buyers? You know, and it's not just us looking at this I mean larger players are doing this on purpose to understand where you know, what does the market feel? About some of these areas in here and then like this they'll pull You know, so they're just kind of getting a feel for it Anyway, guys, let me let me take a step back. Let's go through our risk disclosures and then we'll jump back into it a little bit more here Know what you're getting involved in. This is all for educational purposes. This is live forward-looking analysis It's part of our education in book map. We have an educational course. That's online Four parts to that and then you've got these live analysis webinars Monday Tuesday and Friday at 10 a.m. And then we have J trader a stocks trader at 10 a.m. On Wednesday and then Thursday We have Scott Pulsini a futures trader okay, so The reason that we have the live trading here with them is so you can understand their way of trading Okay, so we have the course you have the live analysis to understand how to apply What you've learned from the course forward-looking instead of hindsight so you can really learn And then we've got live trading as well. So pretty complete education And that's the the goal here 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 the central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump back in here and see what's going on Yeah, so Back to 30 here, and then we're looking for a bit lower. So we see the selling pressure coming in Still looking for them to go lower and here they go. Okay 25 And we're finding we're understanding this market here and just then this this small auction here Understanding they're still selling pressure Okay, so looking for them to hit this high liquidity Look at the offer see the offer coming in here More liquidity on the offer Starting to find find a bit of buying now now One of the things in here You know when you see this Liquidity come in here and now we know that we're finding some buyers in you know, it's the this liquidity here is starting to now repel Traders, but let's just not get ahead of ourselves here yet Has what is the market structure telling us here? Anyone this is a question. What what is the market structure telling us here in this move? Alec, I love it first one that You're getting a lot out of it Alec sellers in control exactly So the market structure Where where would you think that you guys would see the structure starting to break Okay, in this small time frame There's a few different, you know areas to look at Okay, but sticking with the big plan here Well, it's this is it's a still a smaller time frame trade, but it there's a plan here And this plan will help keep you on course Is to understand the structure and who's in control okay, so the C 43 31 and 37 here, okay. Yeah, I I like yeah kind of 31 32 here And then also 37. I like them both So Yeah, the this is where they really took control here as as Alan pointed out And and they dropped it. Okay. Here's the pullback to where they dropped it from This is where we're just reading this liquidity up here and yeah, they didn't even tangle with it and there there's more liquidity in here at A lower level on the offer Reaction was we found some sellers now Okay, so we're looking forward to trade back down into this liquidity here 30 Then if it can continue at to go lower look at the structure here even look at 35 here And then we'd like to see a little more selling in here. It's not bad, but it's not that great either And and did the structure break here? No it didn't Okay, so here's our structure. We can even we can even draw a trend line in here I mean, yeah, you can say that kind of broke, but like I mean basically Let me do that again hold on No, let's be let's be fair here At typically you would draw it like this and Just getting kind of a feel for it And it's kind of a zone in here, but this is really what's important is this structural area in here and That the break below it and then the retest back to it here Okay, we're even a point of control this area in here is kind of where it went to basically Okay, so sellers are still in control. So, you know when you start to see oh look buyers are coming in there They're bidding up like Under here and we're we're finding the reaction being buyers Don't don't get it get involved into it You know unless you see something the structure is starting to break and then maybe look for maybe a retest or something in the breakout That looks really significant really strong. Then you've got something here. We don't we're still going with the down trend Until we see something different and this will keep you Away, it'll just save your account Keep you from buying into something that's still trending down Okay, so and we're still trending down now we can start to look at the how this trend is working, too Now see you see how we're gonna get we're gonna test some structure here. It looks like we're still in a downtrend We're still staying staying sell side Until we see something different now we can start to look at this though. We're starting to see a few things Interesting things. Where is the selling starting to really pick up in here? It's down here, right? I guess a little bit up here a little bit, right? So, you know, maybe we're just gonna kind of go from down trend to sideways action here Okay, and then maybe we'll see a reversal Okay, but the structure has not broke So we're still we're still in a downtrend. This is even a lower high here still it's a lower low for sure Hey, it's getting interesting though. Here's one of the things that we know Where the most of the volume traded down here on that sell side Okay, so we can see them get upended and start to find buyers come in and You know make a higher low in here and then maybe a higher high Now we've kind of just tested an equal high here just about it still still looks a little lower here Hey, let's see if the buyers now come in and try to break it here Okay, now we don't really see much here yet So, you know, if if we saw like, you know, lots of selling down here Then lots of buying maybe up in here a Retest down here a higher low and we don't see Selling down here And then we come back up when we start to see buying we're looking for the breakout Okay, and lots of buying then it's it's really kind of telling us it's blurting out to us that you know, we're looking for the Break of that structure a breakout Okay, some icebergs Absorption this is these are other ways to start to kind of put these pieces together here Absorption here and here and also here. Okay, they're they're absorbing or They're staying in the order book. I shouldn't say absorbing It's a very specific term. All right. So yeah, we we still didn't see something yet, you know, we're Possible that they up and this volume down here. Well, they didn't We didn't we didn't break the structure. We still stayed within the structure Now we have a nice stop run here. Let's zoom out. Let's get a Kind of understanding of it. Yeah, okay. So nice stop run beautiful move there and Now can we get back up above the stop run? This is another thing we're looking for testing the opening swing Yeah, thanks, David Yep. Yeah, exactly. All right. We've got to get buyers back up above here. Let's zoom in here. Let's get a feel for it Okay, do we get our buyers yet? Nope. What does the order book look like? You know, no not yet Starting to get some here, but no, I Does not look good to me. I need to see more in the order book here And I need to see more volume here aggressor aggressive buyers here if you guys haven't watched it yet, I'll show you where you can find it but Moby did a Webinar for the extended trading hours And you know, he looks a lot at these sweeps here, especially in the NASDAQ So you want to learn about some of these stop runs and sweeps? This is a good webinar for you. All right, so even even now I mean, this is looking better, right this kind of volume looks better They want to pull it away from this area here I don't know if I was looking at this maybe a trade back up to the structure here But that's about it and it's already there basically We need to see a lot of buyers in here. This is not convincing at all it may it may you know turn into something else but You know, it just doesn't have that look yet to it now that looks better Okay, there's some buyers here. Okay, they're trying to pull it away now Interesting no stop run here. So this is new buying coming in. All right. All right buyers Let's see if you can do it then move it up to 35 move it up to 40 here. We're getting a pullback Yeah, I'm looking for these buyers to try to pull this higher try to pull it away here They're interested Right. So now where are these guys? Where are these buyers going to defend this as well? Good morning, dove Where do you guys think? 39 no 30 yep No, exactly So this is where they started buying and this is where they broke the structure here. See you can see it I mean, it's so so visual. This is one of the beauties of book map Here, you know, this this is buying coming in now This you know, we might see sellers try to try to drive it, you know and trap this buying in here Okay, but I'm looking for these buyers to defend it here Okay, so let's see what that defense looks like. They should be in the order book. They should be here bidding up And then we should find again another stream of buyers coming in right now basically Right now Okay, if they do Right up to 35. Okay, they're defending it here at 30. Let's find more aggressive buyers up into 35 Looking for them and they're pulling there at 30 now Okay, they're they see that see the push here now do we should find our buyers here. They should defend this Okay, anyway, this is the primary scenario that the buyers defend it and we're looking for a 35 and 40 here Okay, more liquidity at 30 Again reaction to it. We're up up here. So we should see another move. We should we should get this moved to 35 Okay, and then looking for the breakout into 40 Beauty of this, you know, knowing this is new buying coming in here. Well, we don't we don't see Many stop runs in here. Good morning, Tom Okay, you hit the fat finger Alec on that. All right. Okay, so we're building a nice little cluster in here as you guys can see in the profile Still Nothing has changed though. Nothing yet We're looking for buyers to defend it here above 30 Okay, now we may see an order flow Disruption or change and if we do we look for these sellers and they're gonna trap all these guys and look for them to really drive it lower here Okay, they're going they're going for it. Yeah on the sidelines on this one here still like good Is this a false breakdown? Is it come back up into this range? The curious thing is that we know that this is new buying, right? That that's the the kind of interesting point here So I'm still looking for them to defend it and I just don't see him defending it right now They they started to a little bit here and they pulled Okay, so now they should they should be able to come rocketing back in up here now we should get We should get some buyers in here And they should be able to move it up to 35 Let's see it buyers. This is it right here. If we don't get them and we get sellers down here. We're going lower Okay, it's looking good though. All right, so almost at 35 looking for them to break out into 40 though Not just the top of 35 looking for more than that. Let's zoom out So yeah move up to 40 would be nice. This is where it broke down from and we drew this rectangle here So that's where they're going to be testing it here Okay liquidity on the bid here looks good at there now. They're pulling here. All right. We should get the move into 40 here Let's see it buyers. Let's see it Sellers get out of the way buyers come in should be able to hit 40 and we'll reassess after 40 And we can start to kind of draw up a trend channel here as well 40 looks good Just looking for 40. That's it For right now They should defend it here as well At 32 and they are all right. They got it. If we can get up above 34 here, we should get a nice move All right, it's wide open buyers. You should be able to hit it. Let's see it. Yeah, there we go All right, that's what I was looking for. Yeah, now they're above it 40 is the POC Okay. Yeah Yeah, yeah, so yeah, I mean Boy, I'm showing something around here. It looks like about 38 Alec but But I also see this one here at 40 on the five minute. Okay. Okay. There's our move into 40 Okay, I think it still has a little more juice in it here a little bit higher. Yeah, there you go All right. Well, you know that that's it for now I mean like yeah, maybe maybe a whole bunch of hires come in here and stream in here and hit 50 But like we don't have any like look This is where we saw the sellers take control now. They're being tested. This was the target here Now it's time to take a step back and reassess Right. So now how does that relate to your trading plan? You know, or you're I'm not your trading plan so much as your trade management It will take your profit, you know, I mean, we don't know What's gonna happen at this point, right? But we were looking for a higher probability move up into about 40 here Okay, and that played out pretty nicely Okay, so yeah now we can get you know a move back down maybe to the trend line I mean like you can see it's it's kind of it took its time here Back to the IB 4850 Okay. All right. Let's take a look at our initial balance here. I don't have any sort of like Software that looks at initial balance, but it's the the first hour, right? So what we can do here in book map is we can we can still mimic that here or we can we can represent it here Let me show you there's this kind of little little hacks in here not not necessarily hacks but You know using using book map and using this chart range to our advantage We use it all the time and and for for software development like you know The CVP column is for chart range volume profile the the book and the volume and balance indicators are for chart range volume profile Or I mean chart range Data our CBD we we also use it sometimes for chart range or you can use it for chart range So what we're gonna do here is mimic it in using their chart range here So we will go here and Look at use this tool here for zoom and go from here to 1030 left click hold and drag and go to 1030 Okay, now we have that Volume or that data here And book map All right. So yeah, this is it here, right? They would be here at 37 and and 50 So David you show it at at 4850. Yeah, you guys show for 4850 our 30 4321 Okay, right. Yeah, so Okay, all right. So well then maybe I'm doing it wrong in here but yeah The point was I guess to try to show if you're looking for a specific amount of data within book map the You know, you can come in here and Put that within your chart range and then estimate or you know read that Information so for example like this little cluster in here. Okay, we want insight to this cluster in here Where's the point of control of this cluster in here? We'll put this exactly within your chart range Use this tool here zoom by drag left click hold and drag from here to here Okay, now that is within this chart range and I can look at my chart range volume profile So it's kind of a different way instead of drawing a profile You're actually drawing on the chart and selecting that data and then looking at your profile Right. So it's kind of a different way of doing it And now we have the data here, right? So you can look at well the high volume. No, it was actually down here so somewhere around this 4340 area The balance area initial balance is The first hour of trading Alan, okay, what is the balance of the imbalance or balance of that? Okay, so let's see here Yeah, thanks Leo. Oh Right, right. Okay. Yeah The initial Within that range What was the high now understood understood my my I knew something was wrong there So, yeah understood. Yeah, that's it. It's up here, right? This is the high Okay, it's not it's not the point of control. It's the it's the high of that first hour of trading What is the high? Well, this is it up here. Okay, so and here we go going right toward it making highs here Okay, so now 50 Okay, and through 50. Look at that Look at that So Alan that would be in the first hour. What's the high? What's the low? What's the POC? Etc. Okay, and there's reasons for that is understanding that most of the volume trades within the first hour to hour and a half So you want to understand you want that data you want that insight. Okay, this is something Dalton did looking at the that initial hour of trading and understanding the data around it From what I understand too, I mean, I've heard him talk about it in webinars that he doesn't really look at that as much any longer It became less important to him There was something else too. There was kind of shocking to hear some of those things from him and it made sense though like with the algorithmic activity like it just You know, he kind of had a change in adapt I'm sure you guys know a lot more about it than I do So feel free to chime in here. All right guys. So nice nice breakout and and nice stop run though So let's be very very careful here Okay, so we have we have also Icebergs over here and a stop run here. Now. This is different. This is very very different than what we were looking at earlier We were noticing new buying coming in here, right? after a stop run down here This is a really important point in understanding the order flow and the dynamic here Okay, we're looking at And I got to go through this in hindsight You know, I'm actually I mean we see this is nothing but buying in here So it the order flow is telling us it wants to come up to 60 Okay, but this is a little have to be kind of careful here. Okay. We're already up here pretty high We already we just had a massive stop run here. So I'm looking for actually a pullback and we've already gotten some of it Back down to here Yeah, it already it already did it But I'm looking for more of a trap to the long side and then a pullback now and retest this 50 area here Okay, so sellers coming in Um, this is new buying starting to come in here. Well, some some still getting stopped out Okay, well, here's our move our the the order flow ruled here. Um, uh traded up to 60 Okay, and we're still we're still seeing it, but You know, I we're seeing lots of stop runs in here and we just have a massive iceberg that just uh got filled in here, too Okay, so looking for them to try to pull back to 50 Hey Any questions on this you understand what I'm what I'm talking about in here This is very very different people getting stopped out Okay, this is new buying. Yep in here Okay, this is a stop a bit of a stop run here and uh, yeah some new buying coming in here Uh, and a bit of a stop run up here Okay, but the order flow is different in here Now we got to go with it. Um What is telling us until we see something different we're looking for those kind of Um tell tales in here Okay, one is an iceberg that that helps And now we're looking for a lower high and now looking for sellers right here actually right now at 55 Let's see if we can get them here around 55 And we're not Okay, let's see it. Let's see it sellers. Let's see if we can do it and then looking for them to drive it down to not 54 but 50 I want to see them drive it away And they're not we're looking for that scenario what it looks like All right, we're not we're not getting it. We're not that scenario is not unfolding here. So we're still going You know, we're still looking for buyers to take this higher. Here's lots of liquidity at 56 and we're finding buyers Okay, we're at highs of the day Here we are at 60 Again and breaking out Okay, there's still supporting it here underneath as well At least this one one large player here is It looks like some of it of his order got filled here, but he's still in here pulled added higher Okay, so here we go now now we're starting to see something maybe a little different in here Let's see these sellers try to drive it right back down to 54 or 53 and three quarters here Okay, and then 50 after that Okay, this could be a really nice trap If we see something like that and I would look for a stop run on the other side Back down to here Yep, good stuff. Leo Yeah, and David targeted 80 80 50 up here Yeah, let's take a look at our higher time frame since we are breaking out here And this is pretty strong pretty strong buying in here I'm I'm still looking for this or at least the scenario here to unfold and it's not it's still You know, there's still buying in here. So, you know, you got to we got to go with it Yeah, looking looks looks like they want to go to 65 and 70 here Okay, but very very kind of leery about this And uh, want to see a move back to this 50 Uh, let's jump back. Let's look at our higher time frame and see what's going on Okay, so we got our kind of gap fill here could go a little bit higher 77 Yeah, and here's here's the the 80 80 and a half that David's mentioning Up in this area here these wicks Right, so looking for uh buyers. Can they continue to drive this higher up into these wicks where we found sellers on friday Well, the hourly chart says yes 15 minute chart I mean, this is nice nice candle here But it just kind of went up into this structure here previous structure Yeah, I would just love to see this pullback to write write out and and test the top of this smaller structure right in here this cluster Okay, so around 46 50 maybe we're just talking about 50 here Uh 46 50 somewhere around down here. Yeah, David, you're looking for that pullback as well. Um Well, so far, I mean It's you know, this is why like it's important that We know what um, we have access to this because of the stop and iceberg indicator We know that this is a stop run and we know that there's some icebergs up here transacting Uh, so and pretty significant ones like down here as well as is here So, uh, you know, we can look for a pullback to this 40 area here Uh, in fact Not just 50 but but 40 Okay, so here here we go Okay, so here's where the sellers just dropped it And let's see them continue or if we can get a pullback maybe to 57 58 here Okay, so there's our pullback Okay, and now looking for sellers to hit it again here Okay, leg one pullback leg two Let's see if we can get down into 50 Yeah, don't don't like it don't like it right now Okay, there's a little bit of help Okay, and buyers there's appetite for it So, yeah, it's a harder harder read in here Instead of looking for this kind of flag pattern like leg one leg two It's a little more convoluted here. All right. Let's see if we get our sellers now though Okay, we just had these buyers here now We're looking for the sellers to come in and now try to drive it lower And yeah, it just doesn't look good doesn't just doesn't look high probability. It's not that clear in here It might do it, but You know, we don't know and and we're looking for something that gives us some just a higher um An edge here a more more clarity. That's what we're looking for if we don't see if we don't get our clarity then it's just uh You know stay away. Okay, the NQ is going down. Thanks. How? Alan correlations. Yeah Yeah, correlations are I love love the correlations. Um Yeah, just it when all all of these can get on the same page Boy, you get some nice moves. All right. Yeah, so that looks good one good one Alan looking for them to take it lower here Okay, here comes some sellers. Okay, so take it down to 50. Let's get rid of these trend lines Okay, the bid is bid at 50. They're even bidding up underneath here So supporting this it's kind of interesting to say it's it's a it's a breakout and a stop run here Um, but they're supporting it Right, this is a little bit harder to read as well. I think The reason being this is because it was a stop run now just because this is I guess this point across though I think it's so important to understand just because it's a stop run doesn't mean that You know, you it's going to turn around and reverse Uh, and and then go through that, you know, that this is all trapped up here, etc, etc Uh, it can it can be a stop run and you can just get new buying coming in and and drive this higher And we we're looking for that but we kept on getting stop runs in here Like this is some new buying in here Okay, but there's a another few stop runs in here and here So that's not new buying Vix is pulling back. Yeah, thanks, Leo Boy, even the correlation here didn't quite work Well, yeah, I mean we're kind of we're trying to read those correlations, but uh You know this in here did not look like the low volume pullback we're looking for So, you know, it was it just wasn't giving us that clarity I mean at this point here This was kind of an odd move here But at this point here this as a pullback now if we got the sellers down here, it should do it But we got this instead we didn't get sellers here And then it was just kind of all over the place in here The only thing the the correlations was true what allen was showing that uh Yeah, you can see where the buyers started to come in and come in again Now they're breaking the structure and they're breaking this one up here, too So now now we're losing, you know, kind of a we're not seeing the clarity. You're not getting the edge here Okay, let's uh take a take a deep breath here and look look back at our Higher time frame here So it might be just a a bit of a lull for a moment and in continuation I mean the uh higher time frame is telling us it wants to go higher Okay, order flow is kind of all over the place in here Okay, now they're starting to come back in all right So let's see it buyers then they should be able to get back up to 60 here then Looks like they're gonna go for it All right, so there we go now. Let's get to 60 and let's get through it here They're pulled they pulled that liquidity at 60 and a half So they can go up to 62 or 63 now 63 basically Come on buyers should be able to do it right here and at 60 and up to 63 all right now 63 Our higher time frame we're looking for 68 right? I believe is that it No 80 80 80 and a half Okay, so up here this liquidity up here. All right. Well, let's check out the auction up here How's it how's it auctioning up here? Well? It hasn't gotten a spike above it. I'm looking for it. I'm looking for buyers to spike above it here above 60 On up and and you know Explore 65 and and 70 here There's our weak top as we know And here's our breakout We're at 65 already still looking for higher Pull back immediately And a stop run up here All right. Well, let's see if we can get a bounce maybe off of this cluster here Right right about at 60. There we go there. So it's just just testing 60 All right, let's see if we can get some buyers off of that And nothing yet Looks like the sellers actually want to take it down to 55 Nothing nothing yet. No interest Yeah, David like these polls aren't or they are nasty. I mean like this is this is how it, you know, the market just shakes us out of our money our positions, uh, and just uh, it gets us all kind of, uh Discombobulated basically, uh, so uh, uh, you know, this is where I think though, um Uh, what helps me a lot is market structure Uh, and and taking some profit along the way Uh, also just uh, something that Alan's just chiming in right now. Um you know Looking for those higher probability setups When we know the order flow, um is telling us it, you know, has a higher probability that's telling us that it wants to go this direction The market wants to go To these areas here. Um, and then write it to that area And then at that point it did what we were looking for and we're looking for more clarification and insight Uh at that point I mean that helps build so much confidence Uh, I feel So we're just looking for those simple moves to unfold Now that you know that that can be extrapolated that same Concept can be extrapolated to Uh, just looking at our higher time frame here It's like well, you know, this is now this is much more of a leap of faith in here But you're like, well, okay, you know, uh, we our higher time frame was we started to see this 15 minute candle um We saw we started the webinar. We had the red candle Uh, and then we started to see that buying coming in and we're like, okay Well, then they should be able to reach back up into these areas here. They did Uh, and they started to break out from these areas and we were a little leery about that looking for that pullback Uh, for sure, but you know, we're seeing some strength in here So looking for the momentum to continue You know, we don't have order flow with this candlestick chart We're just kind of looking for, you know, understanding zones Uh, and kind of overall picture of what the market is doing And, you know, there's your kind of leap of faith and just going you have to kind of go with it Uh, but in the order flow though, this is where we can get more insight is we can look at this and start to understand All right. Well, then, you know, we're looking for Something to support that bigger idea And let's just mark up some structure in here All right, this is this is what yeah, it is it's helped help me tremendously like, you know, okay Is the structure still holding Yeah, definitely All right Well, so then we're looking for this to continue on um Yeah, scaling in now is is is is great. Uh, David, that should that should um, absolutely help with the confidence. No question. Um You know, and you can build a position over time too. Like, you know, you get really good at scaling in and out Uh, someone like scott, you know, that's what he does. Uh, he's looking for that bigger move for the day That one day of the month maybe Uh, and then just Annihilating it, you know, that's something. Um, I really like the way scott manages those positions He gets a new setup. He's already in a trade, but he gets a new setup. It's just a new trade And then he'll move, you know, he'll move his stop up from that previous position back up into, uh, where the new one is So he's like, okay. Well, you know, it's a new trade and I'm going to manage it as a new trade But even include my old one in it And he's taking some partial profit along the way too I mean like this this here that here's a here's a question, you know, like well, here's our market structure Here's our buyers here Okay, so where do you want to take your profit? You know, like you can see traders are reacting to this kind of structural area in here And look at the selling coming in So, you know, do you want to take your profit in front of that area? Or are you looking for these buyers to try to move it back up and maybe just slightly break it here? You know, and then take your profit around 67 These are these are questions that that are Kind of hard to answer. I mean, it's something that you have to come to terms with uh as a trader How do you want to handle it or you know, or you don't you're not worried about like, you know Scaling out a little bit here, you know, maybe getting back in or you'd probably be getting in back around here If you'd scale back in and then you're looking for it to break now, right? Or do you just hold it and just say well, I'll be out if if the structure starts to break I already start to see something down here in the order flow that tells me something different Um, then I'll get out But you know, you know, if you if you just kind of stuck to your guns in here, you're still this is still looking good Right looking for the pop up into 70 here I mean, there was nothing there was nothing in the order flow here that told us this was going to come in like this You know sellers just started to come in And they they drove it back down to this liquidity here Yeah, these guys came in in the book they came in a little bit later And then the reaction was the sellers But in here, yeah, I I would have looked for it to trade up to 68 here And it did it finally did but you know, I had to do this this kind of nasty pullback here Uh, yeah, David, that's that's a good point. You actually we're working on something like that. We um, I I I do actually have a uh Kind of rudimentary um Version of the scratch point that uh ft 71 uses We are working on something like that. So you'll you'll have the overall kind of um You know if you take some profits if you you know or or take some losses or whatever You know, it gives your overall kind of break even point Can you Okay Okay, I'm back. Can you can you guys hear me now? Can you see? Okay, thanks. Thanks, David. Uh, yeah. Yeah, so, um We we we will have something for you soon, David Yeah, it's a pretty it's a pretty simple indicator. Um, uh, but you're right. I mean, it's so helpful Uh, it'll give you a kind of overall position Of your break even Yeah, I'll find out more about it. Um guys, uh, you know, we have a a lot of developers, um in the ukraine So, uh You know getting back to you on development issues, etc. Um is going to be obviously a little impacted at the moment Yeah, yeah, I mean heart heart goes out to those guys, um And um, yeah tough tough situation All right, well as you can see you can kind of see what happened here with our you know, we we kind of Mocked up this structure here. We we did trade up above it and now it's breaking it, but you know, we're You know, we're trying we're going to read the order flow in here And you know where the sellers came in and took control and started to drive this lower And and what what this means here? I mean like, you know, we we have to kind of abandon this structure now for a minute I mean you might you you might be one of those kind of guys like, okay Well, you're going to retest the backside of it and then to get the continuation to the downside um, but You know, I kind of kind of look at it now of of abandoning this this here and looking for Like another another structure Okay, an order flow around another structure now So sellers taking control in here and driving it lower into this kind of bigger overall Kind of consolidation here Sellers again trying here less buying in here. So looking for sellers again Let's see. They should be able to break it now should be able to trade 60 and through it down to 58 should be able to do it 58 looks pretty good. I like I like 58. I know that this is only like three points, but Um, this could be a bigger move as well back down into the 50 level that we were looking for earlier We never got there Anyway, um Another scenario here and we got to look at this Okay, is uh, and let's let's we'll keep it simple here I'll just let's just go over volume profile Uh, because you know, I could draw up all sorts of things in here and look at patterns and it starts to get a little bit complex Markets uh market uh profile or volume profile though This is our our our profile our cluster We're looking for buyers or sellers to move it away from this cluster here Okay, so now it's wide open here for buyers If they show up And they've got a lot of these guys in here selling That can be upended now what I like about this scenario Of finding trying to find our buyers in here and move this back up into 70 and and then maybe 80 Is because that matches up nicely with our higher time frame Okay, we have momentum in here Uh on that hourly even the daily, uh, you know, look at the candle here. We have momentum Okay, so looking for continuation looking for back up into these wicks up in here 80 level I'm with david on that that idea here And uh, yeah, well we got our answer here. I'd turn away for a moment and we get our answer here Sellers are driving it lower Okay, so they the buyers could not do it. They could not take it back up above here And now sellers are in and they're they're taking control trying to move it away from this cluster here Okay, now this is this is a low volume pullback at this point at least It's a low volume pullback sellers in here and then buyers And look at the look at the volume in here look at the volume dots and look at the buyers in here Now one one caveat on low volume pullbacks in here. This is actually not what we want to see in a low volume pullback The most of the selling's here There's buyers above it, right? So we have to be really careful on the low volume pullback here because this is what can happen See the buyers come streaming back in now. We're back to that open to that same scenario again Higher time frame buyers 70 Okay, then this looks pretty good. I'm looking for this to unfold Let me let me go over that again. So you guys like because that was it's a lot. I I know You know and we weren't quite sure in here what was kind of going on but You know the door is open here for those buyers. They didn't come in Instead we got sellers and sellers taking control. Where did they take control? Okay, identifying the the selling pressures. Okay within the structure. It's here Majority of it is there Look where the buyers came in Okay, they're above it Right, so this is not the low volume pullback that we're we're looking for In fact, the low volume pullback would be if this is consistent buying in here And then if we came back to here You know and and we saw a lot less selling that would be our low volume pullback But the consistency in the buying like this is what we want to see Right for a low volume pullback because the buyers took control from this point onward Okay, does that make sense alan or alec? Yeah, okay, because we've gone over this now a bunch of times and we've seen it again and again Uh, and you know, this is how we get these pivot points in here Uh, and and you'll see like this is a false breakdown Okay, now if the low volume pullback would be something that here Maybe maybe it would be there. Let's just get rid of all these for a second. Okay, you might get something more like this This move outside of the range Low volume pullback to here Only to here though Not above it Uh, and then and then we're we get a retest back down here and then more selling and we're looking for the continuation So we didn't get that we got buyers back up above this area here Now this this is where they dropped it originally Uh, but look at you know, it's not a whole lot that they dropped it by It's not a whole lot of volume in there All right, so let's clear those Okay, now we're getting our let's see. Is this a low volume pullback? Not really Not really Look look at the look at the volume dots in here In fact, let's we can we can look at the bars in here too. I really like the bars I think that the clarity in the bars is is really good We can see that. Yeah, you know, it's kind of equal volume, right? Maybe a little bit more buying than selling Another way to look at it would be to look at your columns data again. Put that within your chart range From here to here And we can look at this in here now we can split this out and we can look at the delta as well Okay, a delta column Yeah, and you can see that there's there's more selling in here. Which is kind of funny It's this is this cluster here And also this cluster in here So it's not really the the low volume pullback that we're you know The typical one the one that we want to see when in a trending environment Right, so we just we did our due diligence there and we understand that this is not really the low volume pullback that we're looking for either In fact, we can see this selling in here There we're already above it. So I'm looking for buyers back up here 64 Let's see if we can get that and then a breakout up into not only 65 but 68 There we go Okay, looking for 68 I should be able to do it. I should be able to get back up to the highs here And and this liquidity up here at 68 Okay, and then we're back to 70 here That was really quick, but we'll go through it again We're kind of looking at the volume within this little consolidation period in here And then looking for the break right away here And and you should be able to take it higher Now let's take a look where the where did the buyers come in they came in here So we're still in an uptrend here from this little time frame here Okay, this is this is the low volume pullback here Okay, let's see now. Let's see if we can get buyers back up above it here The sellers were able to get it down below it I want to see buyers back up above it here 64 All right, and then they got it. So let's get back up to the top of the range here And then let's see the breakout here 68 or 70 at this point. Let's go to 70 We saw this kind of activity on in a really choppy day. I mean these choppy days can be so unnerving But Making sense though of where that volume is transacting And then looking for them to like get squeezed one way or another Here is where it's transacting. Okay. Well looking for them to support it. Okay. Well sellers got down below it All right, they get upended here sellers down below it. They're getting upended here again looking for the breakout now This is this is a strong volume. We're looking for this should hit 70 This should hit higher this might hit 80 here This is strong Look at the difference. Okay. We're already at 70 Okay, let's look for where it might pull back now Okay, first pullback would be into this cluster here. It's already done it Okay, second pullback would be about down here top of the range I don't know if we're going to get that this is strong. This was strong move So looking for more like a strong move shallow pullback continuation Okay buyers basically down here supported it. Well, this is where we're looking for our support. I should say Okay, let's just draw this up quickly Okay support here here and then also here Okay, looking for those clusters of buying buyers are in control here completely Right. So here this is why we're looking for continuation Okay, and we're looking for support in the order book on the bid We're looking for them to pull on the offer and we're looking for the higher timeframe move and continuation up into our 80 level Okay, it makes sense Okay Well, even look at the bars in here and look at the dots in here. This is all like very very strong buying in here All of this is low volume pullback all of it I mean in any of these pullbacks is low volume at this point Right. We're still bullish And you can see how this keeps seeing these trades You know understanding the order flow and who's in control and and uh, and putting these pieces together I think I think I'll entitle this one Low volume pullback who's in control and low volume pullbacks so so, uh, David that just um You know one of the things here that this I've also found this to be very helpful about Understanding order flow and then leaning on the order flow here of like, you know in here You don't have to get you know, you don't have to take little little profits Uh and uh and scale scale in and out. I mean if you see another setup sure go for it But in here you can kind of it's pretty easy to stick with it Because you know who's in control here And that these are low volume pullbacks so you can rest easy here. You're just looking for this to play out to the upside Is that that makes sense Okay, because like, you know in here we're no we're not resting easy We don't know like it's like, whoa, you know, we got you know volume on one side volume on the other side Um, and and you can see where the majority of it's here, but then there's buyers above it Or majority majority of the buyers here and there's sellers down below it, right? So we don't We don't really know uh This is How we started off this webinar basically looking for that reversal down here Noting the stop run and then well noting this here to begin with It was like, okay trade trading into high liquidity, but look where those volume is is really transacting here This is where buyers can take it Okay, they didn't they didn't break the structure. They never even broke a structure here And we don't even see high volume on the buy side in here either Okay, now we got the stop run the majority of the volume is down here and here Look look at my crosshairs here Look over to the right At this area here See where the buyers took control above it Above all of that volume Okay, so, uh, there there we go and and and look at the pullback here I mean it came back to this cluster here, but um, anyway, um Same idea is in here right Okay, and we're just about up to your 80 level Okay, so you this was Uh, I mean these are the same concepts here You know, and I went through some of them really really quickly because the order flow was it we just had to we had to go with it um But the same concepts in here And then this here there's no reason to worry about scaling and in my opinion Unless unless you really want to leverage into it then yeah, I mean, I guess you you could You know look look for a pullback and getting back in Uh, you're just buying kind of the lows and maybe dump some off at the high here Etc. All right, so let me see here. They got to get back to some questions here Sorry about that Alex did I answer your questions? I'm sorry. I kind of got lost there with when things kind of picked up Uh, and then let's see Leo before below, uh, 55 You can see a quick move in the initial balance high and low volume area in the svp 55 Let's see here Yeah, here's your so you're talking about this pullback in here Well, yeah initial balance high or just cash open high was at this point was up here Okay, and then you know the breakout here. I didn't trust it. I mean the volume looks good in here But it was just massive stop run after stop run Um, I was looking for a bigger pullback to to to 50 basically in a balance, but we didn't get it Um, and then we had to kind of like Or you know started to cover like the order flow in some in some of these smaller pockets or areas in here Um, and then uh, yeah, we're looking for the continuation here Uh, and we're here. Here we are up at 80 beautiful So yeah, leo if that's something that you you look at then You know go go with it The um You know and you're and you're looking about that this first hour of of volume in here I mean in essence, you know, you you get the the volume. Um, it makes sense You know, I'm I know I know tom tom b looks a lot at the initial balance a lot and You know, it makes good sense. Uh, there's um You get the volume smile, you know every day you see the uh, you know massive volume And then it kind of you know weans at the mid day and then at the end it kind of picks up Right and you get this kind of big smile, right? Um, and so it makes sense to understand like well, this is where the high volume took place now How is our day shaping up after that? Okay, whereas the balance point was low was the high etc Um of that how is the market reacting to that area? Uh, and here's our breakout from it, but just because uh, uh, it broke out We had high liquidity and it was the stop run that was different for me Uh, we knew that this was new buying coming in here And that was very different. This is not new buying Well, there is some in here Um in these areas where we don't see the stop runs Okay, and then we're kind of assessing it in here and it was it wasn't yeah too too apparent to me Even though the order flow if we didn't if we didn't have the stops and icebergs in here Would have been just going yeah, we're long You know, we're going long. Um, and and that's it the order flow is telling us Uh, but due to these stops and icebergs, I was a little more hesitant to be honest And it was icebergs too So in this case actually the the stops and icebergs like it gave us, um Inside but it didn't help us with the analysis And this is a just a beautiful move in here Okay But see see how like, um, you know We were talking about it before this broke up out into 80 that this this here gives us a good feeling Of this this this is strong strong move strong volume moving it away from an area here Um, and then here you don't have to worry about a scaling as much as you can just just here You're just worried about holding Uh, and then looking for your profit your take profit All right, so now let's take a look at our higher time frame. Okay. Well, here's our move Okay, so I think it's probably still got a little bit left in it at least to test above it And at least knock some stops out So looking for some pretty big stop runs above it here. Uh, let's see if we've gotten anything yet Not really not really And let's see David. Let's let's take a look at your, um image here Come on. Where is it? There it is. Okay scale Scaled out. Yeah. Well, these are great scale outs great great stuff I mean heck, you know, you can see it you can see it in here too. I mean like, uh Look at your look at this is it's just really no different. Um Look at the cluster down here. I mean just the candles going back and forth and look at the strong breakout Pull back to Where it broke out from Same ideas Hey, where do the buyers take control? They took Took control. I mean like we'd have to go back and look at the order flow in here. This is where we get This is where we saw our move, right at at at uh during this webinar Uh, this was the pullback here. I I believe You know, correct me if i'm wrong, but um Even this here look at strong breakout back a little bit back and forth and down here break out Pull back to where it broke from And it continued Yeah, so uh good stuff Sorry, David. I wasn't sure if I was supposed to share that or not, but uh, anyway, um Yeah Previous high day. Yep. Yep. Leo exactly that 43 84 Yeah, those those wicks that we're looking at. Yep Okay, great. So you just have one runner now left. David. Excellent. Good trading Way to go So it looks like you got out a few and in a few as well in there Uh in that range Yeah, there's kind of back and forth in here before this big big breakout But once you're in this one here, this is looking great, you know And it's just like this this is well, we covered it, you know This is we're just looking to hold up to our target here and kind of I can't believe it You know, oh, there's still some juice left in it. You know, we said but you know I'm looking for some sellers in here at a certain point here now This is where like line up your order flow with your With your structure Okay, so yeah pretty pretty nice, you know trading up into this liquidity up here All right. Well, we know we're up at these highs, uh, even previous day high. Leo is talking about this 84 level great, all right Look at the buying up here. Do we get sellers below it? Here they go Let's see if we can get them here and they should be able to come right back down and test into 80 here 80s would be a good kind of target for it Okay, so now we're putting together higher time frame analysis and order flow Looking for sellers in here Okay, and just looking for the move down to 80 here. That's it Okay, now the order flow here is not telling us that it's it's not it's not very good right now You know, we're looking for that scenario here and we didn't get our sellers in here Right, so there's no clarity in it. Like, you know We're not seeing it. It's not ready yet. The order flow isn't telling us in here Okay, we identified this we identified what it looks like. We're looking for sellers down below it here And then they move down to the lower end here Okay, and again now here here we go now now. I think they got it This looks much better. I'm looking for them to drop it into 80 Okay, and yeah, I would I would take a shot at it You know, it's not a recommendation here, but like, you know, it just looks higher probability You know, we're still going with the same concept here. They just went one higher here once one more higher Right, and there's your move into 80 Right, and I would have gotten in here. It's a horrible entry Right, but the clarity was good. The idea was good Even though it's off of this trend line here But you know, I don't really care I've got other things that are higher time frame That kind of match with what I'm looking for in the order flow for for it to unfold Okay, so now they can continue on Maybe back down to this area here 75 Or yeah, even this here 73 or 4 All right, so now we've just come come through the european close as well. Uh, so You know, this this is another thing it really important thing to understand like I mean, you guys are looking at it these initial balances Why? This is what I think is so important to understand at least this has helped helped me so much Why do I care about the initial balance? Uh, okay, david, you got it out because of the european close. Yeah, excellent. Great. I mean a great trading david Break of the initial balance and range extension Yeah You're only okay, so alex you only watch the initial balance because I know higher time frame participants will step in on the break Yes Okay Yeah, this this is more of more kind of what I was looking for um help frame the trading day, but but um Yeah, and there could be statistics around it and the break of it But it it again is it's like what we just went through with the european close here There's specific times Of the day When you get a lot of participants Uh, and and the first hour is one of them So this is why You know understanding like what the um what the meaning is behind it I mean a lot of professional traders like You know, they don't even show up until the close Sometimes and that's all they do Is just trade the close so You know and that because they they have so much experience and you know what they're looking for at the close Where there's just massive volume And they and get some idea and direction of what what might happen at the close So this is turning into a nice move back down lower. It's already through 75 target that we're looking for Looking for 70 basically You know now we really have something here, right, you know, we covered this We had a higher time frame Uh, we were looking for that area to test And then, you know, maybe hit some stops above it and then look for a move back down Um, and the move back down on the 15 minute chart would be somewhere around here 63 Or you know 60 something like that Hey, this is where we had the kind of a little bit of a pause and then a breakout here Okay, so yeah 63 65 would be down here. This is where we broke out from Oh, here's 60 down here Right, so Oh, cool. David. All right. You started making flashcards Can I show this David if that's okay with you? Well, I mean you got it in here I keep thinking it's a go-to webinar. Um And I don't know if you want me to show it or not. Um, yeah, here you go. Yeah, this is excellent. You know Excellent great great stuff. I mean like, you know, and and you're getting a feel for it Uh writing this stuff down You know getting a feel expectations or our anticipations of moves and things and and and uh Start to get a feel for it. Um And and where price might be moving next Yeah, great great stuff. Uh, and uh, yeah this And this is playing out really nicely Okay, so the move up into 80 Uh a little bit higher here Thanks for the, uh, I think it was Leo said 84 previous high. Okay. Yeah, well made up to 85 85 ish And we're looking for it We're looking for the volume up here and then sellers below that area here same ideas same concepts on the move up Okay, so here here here. That's where the volume is trading on the buy side Underneath here if we can get sellers below that Great and that's exactly where they dropped it And a retest almost back to it. Uh, this is not a low volume pullback. That's a little tricky Okay, this this uh seller is in here pretty strong buying trying to take it back up higher Yeah, that's that's a bit tricky Anyway guys um Yep. Yeah, good good stuff there. David. I love it. Love the plan that you're uh And the flashcards here Marking up your zones looking for certain things And then understanding the order flow around these areas in here to give the insight All right. Well, let's uh boy Sorry, tom It's gone through the european close Turn it over to tom. Let him take it away for the afternoon and um Yeah, great great stuff. Tom as you guys know, he's doing over there great work And going through the the order flow within the volume profile and market profile Understanding your profiles understanding These concepts. I know he's he goes through that that that initial balance quite a bit And yeah My only point on on the initial balance was just understand what it is and then why why is it important? Not just because tom said it is or because you read it in a book Right. That's what's so important. Uh It's just like cvd. Oh, well, I I read this in a in a book on a cvd setup or something Who cares? What is the cvd doing? What exactly is it doing? Uh, and then understanding what that means in context of the price structure that is telling you something Right and that that is uh Just excellent Once once you really start to to understand what it is you're looking at Okay, cool. Yeah, sounds great. David. Yeah, tom's doing just fantastic work over there. No, no, no doubt about that Yeah, I know I I can't I I can't get a full day in. Um, no, no Not at this time, which is uh, which is kind of a pity, but um, uh, you know, I've got um Many many other kind of uh things going on over here at bookmap Uh and uh and bringing on, um, you know, uh Other educators and and other other people Like like tom, um is uh a big part of it here. Okay, so tom take it away and uh, uh, we will uh, we'll catch up with you guys tomorrow Okay. All right. Thanks for coming everybody. Take care