 All right. All right. So is this working? Can you guys see you over on YouTube now? Yeah, yeah, it seems to be working. Okay All right, so sorry about that guys. I'm not sure what happened. Just the YouTube just it just failed and I got to go through the disclosures again here so that no one's Surprised or understand what they're getting involved with here a 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 treating futures equities and digital currencies Involves the stanchal risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump back in And see what we missed here Yeah, this is kind of turning into like a pretty interesting Move in here We'll have to kind of dive into structure and fractals of structure In here to to understand kind of what's happening We've gone through this so many times in the past. So it is repetitive, but the market is repetitive The structure these elements they are the same again and again This area here is like a no man's land. That was we were looking at earlier Here as being our no man's land in here, right? So and then it it traded to this low volume node in here and it bounced beautifully out of it Okay, but we're not we don't We don't care about it being a low volume node. We care about buyers and sellers Okay, and buyers and sellers what they're trying to tell you in the low volume node is this rejection That there's trading down here or there's trading above it Okay, it blazed through this and then it blazed right back up above it And that's what creates the low volume node But if we get enough sellers in here, we don't care. They're going to come down here They're going to come to 57 55 And then 50 and we've seen it a million times So we're reading the buyers and sellers in here and then we went through the scenarios and this this actually We put in these ovals here before this move unfolded. We're looking for this potential scenario And it did unfold and it matched kind of matched these ovals in here So that's what we were looking for and then we're looking for these levels to potentially transact For the move here of the ovals to move up into those areas, all right, so Anyway, uh, yeah, here's your low volume node again. It traded into it and through it and This is this is a this is an unexpected move here. Um, I would I would look for this Selling to come back in and try to reach 55 and 50 again Uh, now here's why that little low volume node and yada yada and that no man's land Well, it's up here as well and it turns into a low volume node up here. This is now Structure within structure Okay, so we went through all this kind of detail in here in the structure reading the current market Let's look at a bigger picture though All right, so here it is structure up here Structure down here. All right as simple as that And we're getting kind of a battlefield here. Um Uh emanating right around this area here around the this 68 and a half or so All right and see if uh, see if we can get enough buyers to trade it back up into this previous structure Okay, we're gonna have to see some quite a bit of buying and and we are I mean We see quite a bit of selling followed by quite a bit of buying. Okay, beautiful v pattern there Uh, and it's equal buying and selling basically All right, so uh, what we're looking though for is at the top edge If we get enough buyers to trade up here and then break it and trade up into 69 and 70 and maybe then back up into these previous areas and if you look for maybe move to the other side of the Structural range here at 77 Okay, where's the liquidity as well? Where's the supply? Where's the demand? Well right now the supply is up here at 70 All right, so uh, and then the demand is is Yeah, they're in these little pockets in here, but they're mostly down here at 55 and 50 Good morning, tony. Not sure what happened there, tony why we uh, Why it dropped off like that, but uh, sorry about that Uh, it was working and then it immediately failed And we lost everybody there Okay, any questions on this? uh kind of um rob or um Chris or anybody about what we what we've been covering in here I'm hoping That You know we look at um We're not we're not covering like a trading um plan or strategy in here. We're talking about how these markets work Uh And then that can be applied to any trading plan okay, so You know, I I I know we all want to we're all here to make money Hey, we're all here to um Learn or be educated about um, the market and and and how to make money here Okay What what we're going over in the order flow in these advanced webinars is understanding the market Once you understand the market you can apply it to Any way of trading in any way of making money Okay, if it could be that you're trading like darvis boxes or you know range bound trades or Uh, you know volume profile or you're looking at uh, you know the volume profile that we covered or you're looking at Uh trend lines in here It doesn't matter right you can look at your trend line breaks um and uh Look for reversals, or if you're looking at patterns like a double bottom pattern It's all order flow. It truly is Okay, in fact, you can't escape it order flow is a part of it Uh, it's what makes up all of these patterns It what it it's what makes up all of these trading styles Okay, uh Brokey or um, yeah Yeah, broky Okay, I got your attention. Excellent. All right. Well, anyway, I I you know We're we're trying to um shed light On on this so that you can apply it to anything And um, uh, it's a firm foundation to uh Use for any trading style and that's why we have like later in the afternoon Uh, we have a volume profile trader tom b He'll be going through how he trades Okay, then we have uh right after that we have dug plus options with dug How he trades okay, what kind of order flow events he's looking for with his options strategies And then after that we have the algo boys again certain very trading totally differently looking at uh algorithmic levels Uh, and then off of those algorithmic levels They're making order flow trading decisions Okay, so rob the c made one trade anticipating the mean reversion to the v poc. Yeah, well, okay So you're a volume profile trader, uh, and uh, you're looking for a mean reversion trade Okay Well It's up to you. Uh, you know, you this is where like again the volume profile You you can optimize your volume profile trading too. Maybe you're not looking for a mean reversion back to just uh v poc Okay, maybe you're looking for something much bigger Right the order flow would tell you so why why even you know, uh, You know, uh, I mean you can look for the move back to it, but still be in the position Okay, maybe you take some off like you're saying in here about scaling out some Yeah, yeah, that's exactly what you're talking about in here. Yeah, perfect. Perfect rob. So now this exactly what I'm talking about That's fantastic. So you have a way of trading volume profile, but without understanding the order flow You might just take your profit right at v poc Instead you only took some off Because maybe you're looking for a bit more out of it Good morning, mcloco. Um Let's see chris is there a way to what is the way to avoid a a fake out from a um From a breakout zone or rejection what could be typical signs? Well, there's all sorts of stuff. Uh, and you know, look, I mean it fakes You know, the order flow can fake us out Uh, as well, um, but we're looking for what that fake out looks like Right, that's kind of the the, um, uh A key to it here is to, uh Go through these scenarios Right, like look at these guys here. These guys here are stuck Look at them just pounding it above it here Right now, I don't have the stops and icebergs on here for right now But I'd be looking for a beautiful stop run and it'll probably go right up to 70 right now Okay, so looking for continuation here Um In this move now, there's one thing we don't have here, which we might get kind of trapped up in and this is this is where You know You as a trader have to make a decision if you want to take the risk or not It we don't have a full setup here Um via the order flow I'm looking for it to come up here, but In terms of it being higher probability I don't see them on the bid here. See how dark it is in here. Okay. Well, I know it's strong buying That's just you know hitting me over the head It's telling me that but I want to see a strong bid as well And I want to see the reaction to that strong bid be buyers Okay, that's where I have found that if we don't and I can see it's kind of bluish down here. That's not bad That's not bad All right, so and I know this is going to be a stop run in here even though don't have stops and icebergs on here Um, let me let me turn it on I have it. I don't have it on for a reason actually. Uh, I want to go over that Um, but we'll put it on here in the sub chart for now Okay, and here's our stop run right here here and and we should see Should see a bigger one up into 70. See this is exactly what here's our this is um, Chris This is our our fake breakout here or Did it break out? Yes, it did break out Okay from here, right? This is where to be very very careful Right because we know that yeah It's it's hitting us over the head here, but now sellers are hitting us over the head here as well And it's it's very equal. Look at the bars. Look at the size of the dots Uh in here, right? So There's just like this v-bottom in here sellers Followed by lots of buyers Okay, so we're getting some back and forth in here But being aware of that potential in here We're looking forward to trade up here. Yeah, sure From here on like, you know, we saw that strength coming in It's it was here that on the smaller move where we saw this is the trap Okay, so down here Okay, look at the bind up above it and up above our structural levels as well That's what we that's how we started this off here Understanding the volume within structure Okay, so once we start to see this heavy volume in here look for this Move up into this structural area here or high liquidity And the next look for the next one this one The swing here The swing here And high liquidity. Okay, so high liquidity maybe around 69 but I Was was really looking for 70. Okay, we've been looking for 70 a few different times now Uh and uh You manage your risk along the way okay, so Anyway, we didn't have all the pieces in here. We mentioned it before it collapsed here Okay, so that's what to look for does that make sense? Uh chris, so um, you know be be careful about those areas and what we saw here repeated See that's why we want to understand the order flow and what this order flow looks like Heavy selling trapped buyers on the other side pounding these these sellers here. Okay, great. What about up here? Heavy buying up here Sellers come in on the other side and pound those buyers And we should see a stop run to the downside and we do Okay, so we'll get rid of cvd Here's our stop run to the downside in here that meant all these buyers in here They're getting stopped out down here or not all of them, but you know There's a big stop run here. Okay, and a lot of buyers in here are probably getting stopped out All right, does that answer your question chris? I mean this one is recorded and should be up on our youtube channel so But you can look for these areas and look for the potential traps as well Okay Yeah, I mean I you know the markets are complex and I I want to show as simple as as we can make it You know but but you you can kind of see when one swings one way and and then This is our our pivot line in here And it's not because of a volume profile or anything It's because this is where we see sellers down here and buyers up above it So now sellers down here. Okay. I think sellers have an opportunity to take control here And drop it 65 Okay, maybe lower Okay, so because of this Okay, so here's our pullback right back to the the mean base or the the middle here Okay, now we might we might get buyers back up here. I don't see them here We need to see them up here and if we do then we'll come back up here and we have the potential for 70 I'm looking for sellers again down here and then the drop into 65 Okay, let's see do I don't see sellers here. I don't see them. In fact now we're getting buyers here instead Okay So yeah, I I I don't see the the bid underneath really supporting it So I'm not getting involved in that one either Like it doesn't have all the pieces Okay, so this is back and forth in here and I'm staying away from it because the order flow Uh is uh is telling me this could go up here here. I mean Or down here, you know, so We're looking for something that gives us more Surety or insight higher probability Okay, now we might get trading down here, but they're on the bid now down here at 66 Okay, so just stay away from it. I mean like uh, we're looking for when we get that kind of more pure kind of move And then we covered a few different um Fake breakouts in here or breakdowns And what it looks like All right, so and again, uh chris. I think maybe go back and review Uh mark some of these up Um and mark it up on your own and start to understand the order flow around those areas Okay, because it will tell you all right. Let's see if we get our sellers again here And This could be a nicer move not not just to 65 here. It could be below Back down to the bottom of this range here Okay at 62 or 63 Again, just not nothing on nothing on the offer that that helped us on that though really nothing Okay, we want to see that Uh, all right guys, so let's see what I wanted to cover in here All right, so you may have seen on our youtube channel The uh new trader map pro video Let me uh, let me find it here Okay, go to our youtube channel here, uh, and then under um Should be under features and components down here. Let's see. Yeah, I'm sure it's here Okay, so scroll all the way back down to the bottom. In fact, I'm going to move it all the way back up Um Move it right to the top Okay, uh, here it is guys. This is a great new tool. Uh, it's actually included here with the um Global plus for now. Okay, it's in it's free or included with global plus. Here's our move guys We talked about this looking for the move into 65 and potentially below it Wanted to see the offer though, you know to get the full full piece or picture Uh, we didn't okay, but uh This is not enough here. Uh, so we could see buyers take it right back Not only not only to 65 we can see them take it back to 70 now as well Uh, you know, so the fight Is still unfolding here. This is a key pivot right here at 65 Okay For this this this battle right in this fight see again like chris I mean, this is why like even though we're looking for that move and and to possibly break it here Uh, now we're seeing the move right back up above it. It's the same things and and there's nothing to stop it until it gets up to 70 Right, so uh, here it is again and again in here, right? But now we want to see it come up come up further uh, potentially Okay, and finally hit 70 here now again. Do we see support on the bid? No not really So, you know Yeah, we're looking for it. We're looking. This is our pivot right here at 65 Okay selling below it buyers above it Uh more buyers above it up into 70, but I don't see them supporting it on the bid I don't see them on the offer really either So, you know, that's we're just kind of looking for these things to potentially unfold, but nothing high probability All right. Let me show you this trader map pro. Uh, I think it's awesome. Uh, it works only with mbo data Uh, you guys saw the instrument copy add-on This is a great add-on, uh as well Um, let me have you guys played around with this. Did you see the release? Of the trader map pro Try to get some feedback here And let me put this video into the chat Yeah, I want to cover this um So michael, yeah, I don't know what time you came in, but we went through um Uh, the piece is uh earlier on of of um What uh, what we're looking for all right, so here's the trader map pro um, uh video and then we put it into discord as well Yeah, uh, mcloco here. Here you go. Um, this trader map pro check it out. Um Now this is it's a very specific product, but uh It it is based off of our instrument copy. So I don't know if you guys have seen the instrument copy So we'll start there Uh with instrument copy. Um, it is um, uh, very simple. Uh, you just can create a duplicate. Um Uh Symbol here, uh, and it says, you know, I'm making a copy of esz2 and it says at copy Right, that's that So where is it? Well, it should have popped out here. It is it's right here Okay, it just made an exact copy uh of that instrument now. I can tailor this to whatever I want Okay, I can I can uh come in here and um Yeah, I have time and sales in here. I have cumulative volume delta down here Um, you know, maybe I want to filter the heat map in a different way Uh, or the volume dots in a different way, right? So now maybe this is now you can pop this out Right click here and pop it out into a different window Uh, and then this can be maybe your higher time frame that you want to look at All right, so you can put this on a different monitor or or share your real real estate on the screen um, and Let's close it and it'll pop back here Um, anyway The let me I'm gonna unsubscribe from it here. I want to show the trader map pro is based off the same um Instrument copy Kind of background, but this what you can do though with this is Um, a lot more What you can do with the trader map pro is filter the heat map Uh, so the incoming orders now I've actually got a few different ones and you can see it says at es2 at um Trader map pro tm pro Okay, so here we go Now I what what I did over here you you'll see it in the video. Um Uh, and I want to cover it now because like we might get more insight from it. Um Then we are right now in the current market because this current market You know, we're getting a little bit of support here, but we see sellers are kind of interested in it here So this battle is still kind of unfolding in here. We're not we're still not getting much clarity around this pivot level at 65 Okay, here come the sellers, you know, I'm mounting their attack here, but I don't I don't I'm still not buying it here or selling it Uh, it's still kind of like You know, it can equally come up here as well Uh, so I I just don't get an edge in here now. I might get an edge via the trader map pro how all right, so We can come up here. We can uh You can download the trader map pro. I'll show you where it is on the knowledge base book map knowledge base Go to book map.com Click on the more button Go to our knowledge base here Then go to the add-ons section here And these are all our add-ons and it's down here trader map pro click on that And then you'll see it in here now and here's our video in here now as well. Okay, which is great um And then you can you can download it here. Here's the download link you can you can get up and running with it now all right, so the You just need to have global plus to have access to it right now Now in the near future though, like right now it's it's it's free. It's with global plus. There's you know included there um In the near future though or at some point in the future it's um, going to be only available within the um MBO bundle which makes perfect sense. Okay, so how to get there. Let's let's just go to book map.com Click on the more button and then go to the um marketplace here Okay, and then in here we'll we'll do a search for MBO And here it is here MBO bundle plus trader map pro All right, 134 a month. It's included in it now So you're getting more value out of your MBO bundle. So guys download it. Here's the download here, right? So uh all the details are in here All right, and then now install it watch the video install it. Um, and we create I already created a few copies already here Uh, and I'll go over them. All right. So what the one I want to show you is uh, there's a couple different uh demos I made here Uh the the one Um here, let's get rid of this one Unsubscribe Subscribe No, I've got those two open And I don't need this one Yeah Correct. Okay All right, so I've got two open right now. Um Yeah, this one has two filters on it and this one has one filter On it. So I'll go over that in a minute, but um, let's go over the one that's filtered here So I made a filter So this is now MBO data because it's CME group and you need to have rhythmic for this Okay, just like the stops and icebergs uh and I filtered the um orders coming in That they have to be 10 or greater Okay, so one order Has to have at least 10 contracts in it. So I filtered for a larger player Here is their bid and here is their offer Okay, now I have the a best bid and offer in here as well But that's it's kind of it won't actually show up. You need to there's a way of getting it on here Anyway, let me just cover the basics This is this is a larger player market making behavior. Uh, basically This is where the offer is up here and you can see them widen the spread Uh, then they narrow it and then they widen it. Okay, they widen it on the bid as well And the heat map is also now filtered This is a filtered heat map is a filtered everything is filtered here from the order book all the data on here Okay, the transactions are not filtered But the order book is okay, which means also the heat map will be Okay, so uh, you can see huge spread now Uh, and it's where there's the the first one that has at least 10 contracts or more So we can start to look at really important levels of liquidity on higher time frames So up here This is great. I mean look at this move up into very close to 70 up up here Okay, and we didn't quite trade it But we saw the best offer come up here several times and they they kept on You know stretching that offer up in here and no one came up and traded up there So they weren't interested in it Okay, they tried. I mean the market makers tried a bunch of times Uh, and uh, no one was really interested in it Okay, so this makes good sense that we're starting to see it sell off now And I'd be looking for 55 here Why because that's where the important liquidity is by these larger players This is where the market wants to go Okay, and I think it's going there right Now As I say that we just dropped five points All right, I'm telling you this is really insightful this this uh heat map pro Or trader map pro Uh looking still for yeah, we might get a bounce in here, but I'm still looking for lower 55 I also like this 44 or whatever it is down here this liquidity Okay looking for more sellers Hitting the bid the liquidity is down here now. Let's take a look though and go through the scenarios even with this trader map pro Okay, look look up here 62 and a half. See where they're offering up here So that let's just mark that area up Okay, so we're looking to see if we get maybe a move back up to here I don't see any liquidity in there, but that's where this best offer comes up to for these 10 lots or greater Okay, the bid is still down here Or above it at 55. So, you know looking for A move back down to 55 Now look at the offer now. We were looking at 62 Now they're down here and there's high liquidity here as well 59 All right, so here comes our move into 55 And let's see if they can even stretch it more and look for 50 now Look at look at how this offer Uh, the spread widens open and where does it go? Right back to 59. That's where larger players want to accept risk On the offer. This is where they're saying I will deal but up here only Every now and then they do get filled down here. It looks like or they at least they provide some liquidity there Okay, but this is where they they want to deal. It's up here Pretty uh, pretty interesting stuff Rob, what does initial balance low mean to you? I'm just curious I see you said it was hit Yep norman, uh, low of the first day. Well, what what does it mean to you though rob? Lower the first hour Okay, okay. That's great Why why do you think it's important? I'm gonna I'm gonna continue to drill down in the wise um And let me let me go over and I'm and check in on uh on youtube over here. Sorry guys No, it looks like no questions over here Which is good. All right, um All right, so let's go back to uh discord here Okay, so I said, uh, so what what does it mean to you? And then and then you you defined it as it's the the first hour of trading and the low During that first hour of the regular trading session Okay, and um Slaughterat see uh says it's uh a higher time frame And it moves outside of the ib means it's higher time frame in the in the market probability uh norman says it's uh or nomad says it's a probability of an impulse in the direction to strong There's a high probability 90 plus percent That either initial out balance higher low will be hit during the regular trading session Okay okay, so I'm getting all of these kinds of like Um answers around what it is And I just I really I mean I this My reaction to it and it it's it's my reaction my personal Kind of reaction and understanding of it Okay Uh is no different than any other order flow event in here It's just that there's been so many books written about this Okay, and um uh In a few in particular Uh talking about the initial balance and giving it a name Uh and then um saying that this is important and and then creating trading strategies around it But the it let's just drill down into the the pure concept of it Okay, all it is It's the cash open And what is the cash open here in this now it would have a it would have no meaning whatsoever If there wasn't high volume traded during that time None of none of these answers in here None of them not one Uh has um That is a high volume period A very important high volume period That's what is important about the initial balance High and low Okay, if if the open let's say let's suppose in some market the open didn't have much Uh unfolding at the open no one everyone was like, ah, you know, I'm not going to wait for the first hour or two I'm going to trade later And and the market opens up and it's just there's low volume Initial balance mean is meaningless There might be days when the initial balance like maybe on fomc For example, it probably has a lot less meaning Because there's probably a lot less volume in that day Okay, and that in that during that time period Okay, so let's just zoom out All right guys, this is turning into a beautiful move here with this Trader map pro so we're still looking for it to go lower Okay, and so and you got a stat you see you says you suppose the ib stat which Wouldn't mean much during low volume open. Yeah, exactly exactly. So let's get to the crux Of what it means All right, and now let's let's go and let's look at it here and let's mark it up on the chart Okay guys, I mean I'm just going to clean all my Drawings here, right And then we'll look at the initial balance And this is what I it it kind of drives me a little crazy in here. Someone says like, oh, yeah, there's divergence in the in the cvd And I know that has it's just statistical this and that about diversions I just I think that's just almost insane Um That has no meaning whatsoever You need to see the volume within the price structure Scott went over divergence yesterday on cvd and crude oil And there was massive divergence And those people that were buying that divergence looking for the move up. We're just getting annihilated on the move down Okay, and there's like there's details in the order flow that make up that divergence So anyway same concept here for initial balance All right, so here's 9 30 cash open here Okay, here's 10 30 here All right, this is our initial balance range Okay from around 90 Uh down to about this uh 56 Okay, I'm kind of you know eyeballing it here All right now let's look at the volume within it Okay, the initial balance is all about high volume period in the in the beginning of the day All right, so because that's where traders are dealing That's what's important And then that this is this is where I think initial balance or It's not the definition of initial balance. What's important it it is Understanding that this is a time period that is important in the market And if there are a lot of traders involved in here And they get upside down Meaning you move outside of the range in here And you start to see a heavy selling below that range You can get a nice move and continuation outside of this range here Okay, and we know it's an important range because we know If we even look at let's go back into a candlestick chart here And let's look at a five minute candlestick chart This is why initial balance is important Okay, look at the volume smile here This is the cash open 930 right here. Look at the gap Look at the volume and it's tapering off. It's just picking up now as it's breaking Uh, and it and also filling this gap here It kind of filled it earlier and bounced out as you guys can see All right, so um, but this is why it's important is it's the traders involved in here and chris was asking about traps et cetera It's because of all of this in here Uh, and then understanding the the position of these traders and then working it Either with them or against them the rest of the day or first not even the rest of the day or uh, the session Maybe just for a significant period of it Okay, it could be even a very volatile period. It could be just like a five minutes ten minutes And we can see price drop down to here Okay down down to you know 98 uh or 39 28 All right, so that's what's important is the volume event We're just calling it giving it a name at the open. That's it all right, so um Now if if we can understand that concept here of initial balance Okay You can use that same context in a fractal Isn't this like an initial balance then this event here in fact from here on down Look at all that selling in here. That's massive selling Compare that relative volume with all of this volume previously here. Look at the bars Okay, this is all rather insignificant then This is significant All right, so now we can turn and use that same concept of initial balance within this smaller time frame Okay, so now this is uh, you know a little more complex because we have we got some bigger structure in here as well We better if it was within the structure Okay, because it went outside of the bigger structure. So it's a little more complex But this is the volume event for this time frame Okay, let's give it a name. What do you what would you guys? What do you think do we we call it a um Uh, uh, I don't know the the um uh I don't know secondary about the the Smaller balance. I don't know something. Um, all right, so but we're looking for maybe a balance around here All right, we can even look at here um Let's let's even mark up the midpoint here. Okay be right here Okay Right there So we're at the midpoint of this balance period here guys I'm not making this stuff up and I don't I mean I don't care about initial balance Or you know, I'm not against volume profile. I'm not against any of these things What I'm trying to say is understand what's behind these ideas in here And that will make that will enlighten you to to create any type of strategy And understand it. What about like a monthly balance? You know, I mean There's window dressing at the end of the month, you know There's there's funds that have to buy in the beginning of the month even the beginning of the year Right and understanding those volume events or you know, where larger players are dealing And then how it might how traders might have to react to that later It's pretty simple when you break it down And believe me like there I've seen it there are lots of very very smart people developing algos Who are understanding balance areas on much smaller time frames And then working it against them And they don't care what the fundamentals might be. They don't care they care about where they're they're going to force people to trade Where there's some sort of imbalance and if they can run it the wrong the wrong way for just a small period They can capture huge gains So we really want to You know what I'm trying to say is like great You got you got the strategy here and it's been outlined in books and and and talked about but the concept behind it Okay, so you can you can extrapolate that understanding And that concept to so many different things and it just opens up the doors the floodgates For all types of strategies that you can come up with Okay, and it'll it'll uh, uh, free you um from just uh You know following something that many other people follow as well All right, and look at the markets in a different way. It's here in the order flow Yeah, I mean you can look at other ranges. Uh, this is great great breakdown here. Um, that you have a Nice study there rob That's really really great stuff So anyway, um uh Yeah, I mean you've got this you got all these statistics and all this kind of stuff all all laid out Um, which is great So, uh, anyway I hope I hope you guys understand where I'm coming from on this. Um, and uh, and then Maybe Maybe then it it By understanding what it means And breaking breaking down the kind of formal definitions of it. You can understand it on on other Uh in other means Okay, and then that can offer you an edge And that's what we're all here for All right is get an edge by looking at this. So this kind of move is now failing Okay, and we would look for its test back up into here Okay, up into 65 Now we got a C Okay, but if we don't get enough if we don't get sellers in here and we get buyers they're going to trickle right back up into Well, we like it up here 60. It's actually about 66 I just provided an aha moment Okay, that uh god, I mean I'm I'm relieved, uh, joe. It's like I kind of feel like a, um Uh A performer or you know a comedian or who's whose jokes just flopped or something And you're like god, am I am I I'm going out in a limb here. Um Has it was it well accepted or rejected or um But anyway, truly, I mean really I like these guys that that you know Dalton and I mean they're it's great stuff But just understand they're just putting a definition on top of a strategy they you know, um Uh looked at and and studied But the concept behind it is is is simple. Um Anyway, uh, you can look at and this is why lots of people look at the clothes as well that that by that volume smile Heavy heavy volume in the open Tapers off and then it picks up again in the afternoon and at the clothes And then there's all sorts of ways of looking at the clothes as well Right and and uh Yeah, under understand that heavy volume and what that that heavy volume means Uh, let's see here. Let me let me see the reactions here Uh in youtube Okay. Yeah, this is a good question. Uh, mr. 123. Um, what's the difference between number of Orders per price uh versus number of contracts and okay, so I've got actually two different heat maps up here filtered with Trader map pro This one is just showing the number of Of orders, uh, or you know the number of contracts within the order Okay, so it's showing that the volume here, which is um, Like here you see 20 here. You see 20 17 10, so these these are like orders up here Right and there could be multiple orders, uh at these price levels up here It's showing that least one order has at least 10 though That's what this one means and that is the first filter um that second filter the number of um Uh orders, uh, if you look at it over here Like this is showing you we did two filters on this one here Okay, it uses uh one filter that is showing 10 But the first filter was actually showing the number of um Uh contracts Per price level. So there was like it said like, you know, you can watch the video. It says like 32 or 20 or whatever And it will show the number of orders per price level. So that 32 meant there were 32 orders Not contracts at the price level Right now what we did here we did we added a double filter on this one Uh, and I'll I'll show you in just a second. Um, but the double filter is number of contracts Um per price level, but then also the number of contracts per price level that are at least 10 or more And you can see that that filtered out a lot So we just see one up here with at least 10 another one with at least 10 It's not it's pretty thin order book now, right? Okay, so we only see one ones and twos basically in here Obviously, these are larger players Right in the the the filter also applies to the heat map here. So this heat map is really thin Right, we're not seeing high liquidity in here in this heat map But those that we are seeing here in the heat map is telling us something All right, so Uh, and in fact, let's take a look at it. We were just looking for our our move back to 66, right? Well, here we are at 66. What is the heat map telling us? What are the larger players telling us? Well, this is 66 is actually a good level here. There's some liquidity in here And we see the spread is widened out to that area right now Um, I imagine we're gonna we're gonna see some sellers start to come in here Okay, and try to move it back down to 62 Now we'll see maybe it starts to accept And and trade higher the next level look at this look where the spread has come out to now 68 So we might get actually a jab right up to 68 now You know, I mean we're looking at the spread. We're looking at like what the reaction is by the players And there it is there is the move our move to 68 Okay, there were enough buyers to trade it right to it All right, let's see if we get any more insight here Okay, I imagine we're gonna get a pullback probably right to here 65 and a half Okay, I'd be looking for it Anyway, uh, that's what those mean, uh, and uh, here it is with just this is again just one filter Uh showing 10 lots or greater and we see there's 30. There's 15. There's 10, etc All right, so that that we can see as well All right, that answers that question Well also because of the stops placed there sure The I the initial balance higher low because of the stops but Also with any other trading range, uh, it would it would be significant, right? Like our range up here. We're going to see huge huge stop runs above here right, so now We're looking for this volume event and this understanding here. This is actually kind of interesting So your initial balance here is failing Or the breakdown it's trading back into it. This is turning to a mean reversion type of trade Okay, based and and again, I hate to give it these names In here. It just means it's going to trade back to where it can Where there were previous traders in here and this is a good level right where it is right now at this kind of 69 or 70 level here It's a really good level. Look at all of these traders involved in it here All right, so now we're we should see the stop run above this Probably back up into about maybe 75 Okay, or the swings up here 77 all right, so Anyway, yeah understanding this volume within that this trading period here Or also within this trading period here Uh, it it it gives you insight You know understanding the events around uh this here and right now these these guys are getting squeezed heavily all right, so uh Looking for the stop run here big one So I stops are a part of it, but it's not just because it's initial balance It might be might be some of it, but it's not just because of it Uh, lee let's see do the auctions in the equity market compared to the futures Um, no, they're they're they're a little bit different. Um, we can we'll take a look Yeah, they're differently. We'll take we'll take a look in just a minute Secondary balance. Okay tertiary balance. Yeah, I I mean it can be so many other things Uh, what I think uh, uh, there was initial bruce balance What this was uh mcloco here Um, no, but there is no it's not initial though. That's the thing. It's just a balance It's just a balance area Guys these these understanding balance in in some of these areas. I mean that you can see like how Uh, how important it is. That's why we look at you know, these important important areas in here Um, and then in fact, you know, this is turning into that pivot here That we always talk about right here Hold on Yeah, right here 65 Um Yeah, rob just I I'm I'm I'm trying to um, I'm trying to help. Uh, I'm not I hope it wasn't confusing Um But if we if we break it down, you know, there there's kind of it sounds kind of stupid There was something that really stuck with me though And um, it's actually with music industry. It was bob dillon Coming to you know, he's from I don't know some Cold as as heck mining town in in minnesota Uh, and started to get into music and he came to new york city Uh, and he's you know, he's a smart guy He started going to like uh, you know here in new york city the cafe wa like some of these other cafes in the village that offered um I mean you can see jimmy hendrix play live, you know, I mean in these small little areas No one knew he was at that point, but It was exciting time and he just hung out and listened And was smart enough It really had an impact on me like smart enough to Understand what is the essence of what they're getting at in their message and then understanding that at a deep level Uh, and then being able to get to his own message and what he wanted to cover And uh, you know, uh, he was capable of doing something like that And we're talking about the same things here with understanding the essence behind some of these, uh common, um Or well-known, uh trading strategies Just because it's a common or well-known trading strategy doesn't mean like, uh We have to understand what it means behind it Okay, instead of like, oh, yeah, I'm looking for the divergence with a candlestick pattern Boom, I'm in Yeah, we could all learn that But if we understand really what's going on behind the scenes in the market and understand the essence of it That is where you'll it'll free you and open open it up and and, uh Start to look at it in in many different ways here Okay, so, uh, that's where I wanted to go, uh, and maybe that'll even help your initial balance strategies Okay, if that's something that you trade look for when it might white might work out when it might fail And why it's here in the order flow Okay, so let's see here Thanks, rob. I I appreciate it. Um, it's a nice nice comment there. Um Can I filter to show the where the algo is coming in rather than 10 lots? Um, no you cannot Uh, you you have to filter by uh by sizing and then rob. You have another image you shared here. This is great rob This is fantastic Oh, man, uh You know, I hope you posted this in uh, uh, not just in here. Um, but uh, uh, try to get try to post this on Wherever it is that you you know You post Beautiful stuff Yeah, really really great This is how you learn Right, you're you're doing it rob Okay, you not only are not only do you have like the order flow, but you have statistical quantitative data as well You're on your path, you know You're gonna be you're gonna be trading really really well So keep keep at it stay in the game uh, and uh You know keep keep moving forward So let's see here, uh, joe joe has some very nice comments in here. Um, yeah. Yeah, it's fractal Uh, you you can look at the you know, these balances or look at events on all sorts of different time frames God, I mean, I remember like uh, just a funny thing like, um I was years ago as Jim Kramer said something about like, oh, yeah, january 1st or the first day of the trading year You're always you're always bullish And it's like what you know, you know, this was I don't know more than a decade ago uh, and uh It's he's like, yeah, because all the other bigger funds are buying they have to they're they have to buy They have to position themselves for the year So, you know look for that jump on board With that there there's a there's a balance a kind of an initial balance Concept as well Yeah, great stuff joe Yeah Excellent excellent. Yeah, and and You know and then you know, even hey, if you have some ideas like and you want us to take a look at them We'll do it in here as well Like you said, well, what about this as a balance or that as a balance or maybe it's not balanced So you're you're looking for you know, I don't know something else. Um And then we can we can uh, take a look at it santo trader. Hey, welcome Ah, so nice to hear from you Ah, really really pleasure Looking forward to it's been a long time. Um Yeah, yeah, I would love to do a lot more with you. That's for sure Uh excellent trader down there in brazil We've done events, uh with santo trader in the past uh, yeah Amber we have these we have these uh live webinars every day. Um, so these are forward-looking analysis events. Um Or live streaming every day And the um The goal is to uh, uh match this with our Education so let me show you where our education is so that you can understand that Our educational course okay on our youtube channel here if you scroll down it's right down here bonus materials Uh book map educational course. Okay, so maybe just watch the first couple Uh part one and part two at least part one, please and then come to these um live webinars Uh, that's where you'll get traction out of it because we talk about How these markets actually work? Uh the mechanics behind them and then that can be extrapolated to uh multiple timeframes Uh and ranges etc to Initial balance, um trading strategies or whatever it might be all right, so um Then now now you've got a really good foundation Uh for your trading to be able to take it in many different directions Okay, or into into specific look at those many different directions But then study it into your very specific direction Uh, and that should offer you an edge. Okay, or you will be building an edge like rob is Exactly like rob is doing Okay, he's on the right path Uh rob will see his equity curve build at this point. I'm sure I'm sure you've been seen at rob I don't know if you want to let us know if you or if you want to share any of that Rob is in discord. Yeah, Jay You might want to jump over our discord. Um, we've got uh All sorts of streamers all all day long All right guys, if you like this kind of education, please hit that like button Subscribe to the channel Um, it really makes a big difference for us. It really does because we're we're going over this education in detail Uh, and uh We want to know if uh if you like it If you do, please support it Okay Feedback is important here. So if if it's good stuff, like give us positive feedback, please And um, uh, we'll do more of it Every day we're trying to strive to to offer the highest education that we can in here for it. Uh Weaving order flow or getting more insight by these market mechanics into All of these time frames for you, right? So reading we we started off and I went on this huge diatribe about Uh initial balance, but understanding in terms of market structure Right, it's just another market structure Uh, and that's what we want to understand All right, and then once we understand market structure, we can look at order flow events around the structure And that's where you're going to get your edge Okay, so, uh, yeah, there might be uh, no no word on the on black friday. Uh, we may come up with something. Um I'm I'm not sure Okay, so keep your eyes and ears open though Uh, and uh, we'll um We may offer something All right. All right guys. Well, I gotta go um, if like I said hit the like button That helps us out subscribe to the channel Come to our discord. Uh, check it out. Uh, and it's all free And we're not in there to Spam you or you know, it's not promotional at all. It's just it's just education We don't want to do We want to only provide you with quality education And we do we do the best that we can Uh, there's we know that that just works um for everybody. It's a win-win So why would we try to spam you or promote anything in there? So just just uh, check it out. See see for yourself Uh, and uh, and take it from there guys. Tom B is up next. So, uh, he already started probably five minutes ago He starts at 11 30 east coast time. Uh, so, uh That's the next uh one in line here. Uh, you can talk about initial balance with him Uh, I'm sure he's probably going over that that strategy right now Okay, he's a volume profile trader. Uh, it's one of the things that he looks at All right, and he's looking for the order flow around his initial balance Okay, it's always about the order flow Around some of the strategies and that's where you'll get the edge All right, we'll cover maybe in next time about candlesticks looking at candlesticks and an edge By looking at order flow within the candlestick patterns, you know something like that Thanks guys. Have a great weekend Uh, and we will uh catch up with you on monday. Okay short week next week due to the u.s. holiday No, uh webinars or discord on thursday or friday All right, so uh, we'll have a little bit of a some time off and recharge a little bit on that front Thanks guys. Have a wonderful weekend. Uh, we'll see you next week. Okay. Bye. Bye