 Good morning traders and welcome to the book map live trading webinar This is Bruce and welcome to the and what we do here is go through live market analysis It's all based on our educational course. All of this is free It's what we offer here and we're gonna go through Live order flow watch the course. Please access that it's on YouTube, but you'll see it in there And and then that will set a really nice foundation and then we're gonna go over that same content in the live market That's the the whole goal here So that you can apply what you've learned from that educational course then we have live trading We do that Monday, Tuesday and Friday at 10 a.m. And then we have live trading from J trader a stocks trader at went on Wednesday at 10 and then Scott Paul senior futures trader at Thursday at 10 so you can also see other traders how they read order flow So this really completes the picture here of what you're getting in terms of education and all of it is free 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 Involved substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. So it's important to understand that this is all for educational purposes only and not financial recommendations whatsoever It's so that our our goal here is to go through order flow and apply What you've learned? From the order flow All right, so let's take a look at this S&P e-mini. That's typically where we start And everyone wants to look at that so we cover that let me know if you want to look at crypto or or any other stocks or anything like this But most people want this so that's what we cover. All right, and let's dive in here Well, I guess maybe there's a few Housekeeping items here just so you guys know on our YouTube channel all last week We had our crypto webinar series So you can watch the recordings in here All on crypto. Okay, so if you're a crypto trader that might be of interest We have that new liquidation indicator that I think you will like as well. All right, so let's take a look at these markets and we have well, we have a lot of interesting things going on right now and We also have a really jam-packed week with FOMC and retail sales and all sorts of economic data coming out as well And we can take a look at the bigger picture a current market I'm looking for this move right up to this 3810 here looking for a little bit of a short squeeze here To hit this liquidity up here seeing some buyers come in I want to see them try to push it higher and try to get a short squeeze going here So we went down and traded back down into these lower levels here just below as you can see the swing here at 37.95 And see if we can get some people on the hook down here. We can already see the stop runs to the upside So looking to see if we can squeeze a little bit higher here because we're likely gonna hit a lot of stops up here at 3810 or maybe even higher Because everyone reads the news sees the market just you know, hell in a handbasket basically And they will be shorting it And we can see if we can get them squeezed here where anyone that is short will be Their position will now be long basically and they'll have to to cover. They'll be compelled to cover All right, so we're getting a bit of a pullback here right now Let's see if we get our buyers right around this cluster in here I do not see much supply in here or demand in here. The demand is down down further at the moment Good morning Bert. Good morning to everybody Let's hold on a minute here Time and sales you want to take a look at the time and sales. Sure. We can also filter for the time and sales Hold on a minute, where is it time and sales there we go. Okay. All right Yeah, it's up to you how you want to filter it as well if you want to look at like, you know, 10 That's gonna slow some things down Or three two three something like that All right, so let's see here still banging around up here as you guys can see we did get a little bounce off of this Little cluster and it's the figure here at 3800. I'm still looking for another bounce here See if we can get our buyers in here. They are starting to bid up see them bidding up underneath here Now that's kind of far away, but that's You know showing some interest at a higher level here Let's see how the market reacts to it. Let's see if we can get some some buyers in here We got to get above this swing up here You know this recent high around this 06 and a half or so And then see if we can get our buyers in here to try to squeeze it higher Let's take a look at the bigger picture as well lots of icebergs just coming in right now It's not actually it's not that many And the bigger picture here, but nice nice stop run here in this area. So Let's see if we can get some more though. I'm still looking for some more here All right, let's take a look at this bigger picture here And it's not pretty we can see you know last week Thursday Friday the down days here here You can see the the open the gap lower and the continuation Down below the swings here On the daily chart Basically, you you can see the the hour chart here in the gap From the cash session. So some huge gaps in here for these cash sessions And you know opening down here below the swing immediately So, yeah, you know These huge down days like this and we also mentioned there was a tweet that we we put out That you might be interested in I'm really curious to see what's kind of going to unfold here and This is why take a look at the The tweet in here And what we saw on Friday Just, you know massive liquidity in here a lot of iceberg a lot of iceberg Transactions as well So it's just something to note And That's it for now We'll put the story together later But this is the way to that we've seen it, you know, several times in the past We start to note where people are getting filled their positions Larger players typically can continue to be on the bid here and have price go against them as they average into their positions So we're you know Looking for that potential scenario here as well So here here we go. We're getting you know that move right back down to 95 right now and Just selling pressure continue here. Yep. All right, so we're going to go lower here See if we can get back into 90s. We should see some nice Stops and icebergs as you can see we already are Hit a blow into these new lows here But i'm still looking for that same possible scenario here Of the squeeze higher here We're just not ready yet And we're going to look at again at the same scenarios here. Are they getting filled on the bid? Yes, they are How much liquidity is getting filled on the bid in these areas here? as price goes against The buyers or these these bids in here And then looking for some exhaustion maybe and some some buying to come in come in here And here's some a little bit of buying Okay already and and look at the sellers down here very few All right, let's see if we can get buyers and move it right back up here to 92 and a half Not yet Yeah, it doesn't look like it. Yeah, we're getting our sellers here So we're just open to these scenarios here All right now we can take a look at market structure in here and you can see that market structure wise We're not even getting back above this little cluster here at At 3790. Okay, so we're still getting selling pressure in here We got to see some of these swings broken the market structure first needs to be tested and then broken For some of these moves to unfold now that works on all time frames as well Okay, so we're looking for that. All right, so I'm getting a few buyers here, right? Now this is where we need to see the buyers back up above though Okay, I'm basically above this kind of 89 or 90 area here All right, let's see if we can get them here Okay, so this is what I'm talking about in terms of market structure And this is the first thing it needs to be tested and broken now The way to we look at the order flow within the structure Is to to understand the volume pressures in here as well as the auction How's the bid? How's the offer? Look at this trader here following down And we usually are typically look at something like this. This is the behavior of a ignition algo And I don't know if it is though in this case because it looks like they may have gotten filled in here That's the big distinction If you see this kind of behavior here and they don't get filled And they pull their liquidity then it is likely an ignition algo trying to basically skew the order book Show lots of supply here and push price lower Maybe potentially into their bids And then they they cancel their offers here and let price float back up Okay, or it could be someone that's just chasing here, and they're just trying to get out at any price they can basically All right, so And yeah, let's just zoom into that one and let's see who this might have been which one this might have been Yeah, I'm not seeing them getting filled here at all. So I would say that that's probably probably their game To try to get price into these lower levels here Okay, so structurally nothing has changed yet Okay, we're still in the downtrend and and therefore we stick to the downtrend Until we see something different And we're just open to these other scenarios in here Yeah, so yep looking for more sellers here still See if we can get into 84 Maybe even 80 down below here and let's see it sellers See it. There we go. There's 84 I want to see them. I want to see the quick move now all these buyers on the hook in here I want to see them but them get stopped. I don't want to see the stop run here to the downside Uh, we do note that they you know, some of these traders are getting filled on the bid and we do see buying In terms of icebergs in here as well. Okay, so we're just still just open to that. We're just watching And we'll look for that scenario what we need to see the order flow and the structure here change first And that change We'll start on this on a very small time frame like this Okay, what if we get buyers back up above 84 then I'm looking for here 87 87 and a half Okay, maybe the smaller swing 86 Uh, good morning, David. Um auto re-center. Um, okay. So, uh, yeah, this is how I'm I'm doing, you know, you probably you're probably, um Dragged the chart back like this and you need to uh, uh, click on exit drag mode here Okay And then under here, I have it on re-center auto re-center, uh, best bid and offer or it could be on on your last on last trades Okay, so, uh, I typically keep it keep it on the default of auto best bid and offer Thank you, uh for the compliment in there. That's very nice. Um, well, you know, we're we're kind of, you know, look These markets, I mean like uh, this is something that uh, you know, when you develop a trading plan Uh, which we all need to have a trading plan Uh, and uh, we have to have an edge Uh, now we want the order flow to go along order flow is an edge, uh as well so But it comes through study and understanding of these three elements on this chart here Uh, we're looking at market structure. Okay, so again, we're looking at another market structure here Right now and we're going to see if we're going to break it and then retest back up here And maybe we can get even more buyers back up here same same concept as as this one previously This one didn't pan out, right? So we're still waiting and kind of watching here Uh, but and and the key here though Is that if you don't see this you you still you still stay with your your trend your direction Until you see something different. There's no reason Uh to get out Okay, so look at this is getting interesting one player has about 740 or so contracts very aggressively here at 3780 Uh, and uh, let's see. See how they're they're having an influence on price Now i'm interested to see if we can get buyers Uh back up and to maybe test this guy and they're not having it At all. In fact, this guy just pulled So we're still going lower here Good morning, joe. Um, what are the settings that use for stops and icebergs? Okay Uh, here we go. Let's uh jump back up here And go through stops and icebergs Here's my sub chart settings. Okay. I just have it on summation or sum Okay, it's just cumulative volume delta over time and you can see they're not aligned the the axes are not aligned in here So, uh, I like it that way because like I don't necessarily need to make the measurement here I need I want to see the um reference between stops and icebergs So, uh, therefore the axes are different here as you can see You know zero to 500 here, but that that's basically, uh, you know Six to 900 here on stops. So it's You know stops is showing less basically By market structured. Yeah, I'm talking about consolidation or trend. I mean, uh, it is a structure Uh that uh, uh, we can kind of see that price is following Yeah, it could be like in this in this structure here. It's like it's like a diagonal consolidation basically Uh, and uh, you know, we're still in it Right here Okay, see how it's breaking now see look at the buyers come in. Okay. Great. Now. Let's see them move it back up to here Let's see if they can move it back up to this, uh, 80 level here Okay, maybe even higher Okay, so this is the this is the structure they're breaking right now 77 And then here the buyers above it. Okay Let's see if they can do more looking for more buyers in here looking for the bid to show more here more demand at a higher level And I want to see it trade up into some of these swings volume clusters as well as uh Liquidity up at these levels here Okay, so we are getting more buyers up here still looking for it to trade higher Okay, so at this point here We're seeing something different right so it depends on where you would want to exit maybe your position depends on your time frame Uh, you know, are you are you scalping? Are you you know holding for you know minutes? Several minutes several hours Uh, or are you know days? Uh, so it's it's it's really kind of uh How you want to manage it here, uh on a smaller time frame I would get out and I would probably reverse and get back in Uh with a get out of my short and then look for a long here and look for the squeeze You know something something like that It's breaking the structure and the volume is looking good and also the the order book is uh It could look better, but it's not bad. It's not bad Right, so we're we're looking now for uh other targets to be reached Uh, something on the time in sales here, uh, if you want to pop that out you can and it come into a different window Uh, and then if you close it here, it'll pop back into the column Okay, so I just want to show you that that functionality Okay, so this is see where we are where we are right now. Well, we we broke structure Okay, and now we need to see if uh, we're looking still for more buyers. We're looking for support here Uh, and we're looking for demand here Uh, and really really not seeing see the condition of the auction in here. Where's the demand in this area here? It's it's kind of down lower here. You know, I want to see it in here It's starting to bit up a little bit in here Okay, but it's not much right typically you'll see you know on on a reversal Typically on the first uh kind of pullback you'll see a lot of demand in here at a higher level not always, uh, but uh Sometimes you just got a lot of aggressive buyers in here. Uh, and then you know, there's not it never even retraces like this okay, so, uh Anyway, this was a very very short live countertrend trade here As you guys can see Again, it depends on your time frame so, you know for example, uh Uh, you you know if you were Oh god, I mean the way I would have managed it probably is uh, if even if I was in you know, some of the uh Moves way up here at you know around 10 o'clock on the way back down Uh I would have exited uh down here Yeah, this This I'm not going to have it run against me Uh, and uh a potential squeeze to the upside here Uh and and just get uh a kind of uh A stubborn uh with my short position Okay, now let's take a look here again the same scenario here. Look at all the selling that just came in All right, so are we going to get continuation? It's pretty good selling. So if we get more sellers here I'm looking for it to break And then looking for the move lower into 70 or 69 here All right, and this is this would be the pivot here. We can also look at structure Okay, again But then see see where they they broke it down here Okay, all of these sellers if we can get back up above they would be on the hook here Okay, and then we'd be looking to see if we get our short squeeze above 76 up here 76 and a half or so Charts are getting kind of messy guys. I'm going to clean them up Uh, yeah something different would be breaking that structure and then also look at the order flow in that structure Okay, the transactions as well as the uh the offer and the bid So this is something different right here right it broke this little structure Okay, and tested right up to here now. Let's see if we can get more buyers back up here at 75 basically If we do we should get a move to 77 and then we can get back up maybe even to 80 up here Okay, the key level to get above those is 76 here as you can see Okay, some liquidity coming in there 77 76 somewhere around there okay, so Did we get sellers here? Nope Okay, we didn't get buyers here either though Okay, we we're retesting back up here. We need to see buyers up here And let's see if they can retest back up here to 75 There they are All right buyers. Let's see if we can now push it get the squeeze And let's see if we can get back up and we'd be looking for our stop run now All right Yeah, I don't I don't really like it. I want to see the buyers up here not here Right not a lower high here. I want to see a like an equal high With good volume on it on the buy side or a higher high You know that that gives us insight Okay, so let's see if we can get our buyers up here at 74 And discord guys. I'm sorry. I Take a look now. Okay, so no no comments over in discord All right, let me jump back to youtube targets for today well Boy like a higher timeframe I mean look at you know all timeframes here 15 minute on on the on the right hand side the hour here In the middle and then the daily on on the right hand side. I mean the momentum is clearly You know to the downside here We're asking for a lot to You know see that countertrend trade But what I do like about the countertrend trade here is here is the swing over here on the daily chart and that's around 3807 or so somewhere around there Uh, and we have these huge down days here okay, so You know looking for a lot of covering here looking for buyers to maybe come back in and try to trade it back into the range Uh, and uh, see if we can get back up into some of these areas here One of the first areas would be on the least on the daily chart would be right here and that would be a back up to Uh, the open here at at 38 80 or so or 75 somewhere around there I mean, there's there's a lot of blank space in here So we can really whip through that those areas here. So on the 15 minute chart. Let's just look at the day here Uh, we don't have a lot of data in here We don't have much at all Yeah, we'll have to go down to maybe a five minute Boy, I mean any retracements the first one to probably be about here Uh, which is 3780 and then the second one would be up here around 92 Okay, this looks pretty good. This is better. This is you know Something different notice the cluster of buying up here Okay, and the uh, it did make a higher Higher high. Yeah Now let's see if we can get a bit more here and we should get the break higher Looking for a move to here 76 and then on up to Our 80 level 81 And the buying looks good in here like that Uh, I'm just looking for um, uh the order book here to help us out a bit A little more demand at a higher level here We haven't really seen too much of that yet. All right. Here we go Let's see it buyers looking for the squeeze up into 78 liquidity. Maybe maybe 80. Let's see it. Let's see if they can do it here Yeah, don't don't like uh, don't like seeing we looking we're looking for our buyers here. We didn't get them We're look see the buyers here. That's not what we want These guys are like our buying as is going down basically Right, they can get squeezed very very easily uh to the downside when you see this kind of behavior here This is almost uh, I mean we haven't covered this as a setup, but it it It's a good one It's something that I think worthy of some study in here is we see the buying we see the buying Lack of buying and then we get the buying down here. That's not what we want I see how the sellers come in here and they'll start squeezing them uh to to the uh on the long side Right, we need to see buyers up here for them for buyers to move it from away from this area here See sellers are moving it away from this area instead Here we go one more shot buyers. Let's see it and now they've got to move it back up to here Back to 75 basically at this point if that's gonna unfold Down to 70 Let's zoom out here. Let's get our bigger picture By the way, so rolled over to the the u-contract Uh Here's you guys probably Are all on the I noticed that already Nice area of liquidity just filled here at 70. So that's good to see Uh taupe. We're looking at the s and p e many okay All right buyers back up to 75 and then let's see if we can get our break back up into 80 here Uh, you know more on more on the hook here, but this is really you know, we're seeing the buying coming in We're just not getting any follow through whatsoever But then and this is where we got it. We got the retest back up here to 75 We we got it. We this is really where they need to step in and need to break it And demand is coming up a little bit on the bid. That's good Let's see it They got to show up here looking for it. All right looking for the squeeze here. Let's see if we can get back up into 80 80 is a good level just to begin with here The buying looks good Okay, we're just testing the 75 area and we're seeing buying and there was buying here previously So now we're looking for the push up into 80 Okay, does uh, does this make sense? Uh, this was you know, we're we're going through the scenario in here and looking forward a few different times It didn't pan out. This one's looking much better. We're just looking for a move to 80 though Right now Okay, it might turn into a higher time frame move as well. Uh, let's let's just zoom out a bit more Yeah, I mean, you know, this could move all the way back up to 90 Okay, maybe even back to the uh, the figure here at 3,800 It's a high volume note up here as well I believe it's the point of control Yeah One one thing to note about these these types of days in here Um, when we get volatility The volatility works both ways like, uh, you know, we get these uh, really really big moves down But the uh, the retracements can be Um pretty pretty volatile as well All right, and there's a lot of empty space in here like uh, uh volume wise like you can, you know Basically, there's a more volume up in this kind of cluster up here So maybe we can get a retracement back up into our 90 level that we were just looking at and talking about Uh, and maybe even a little bit higher here, you know, 3,800 All right, so now now you can even see the break here on in the structure on the five minute as well Okay, so we're just testing up to 80 Now, uh in terms of trade management on something like this, this would be up to you You know, it's a counter trend trade Uh, and maybe it chops back and forth in here for a while Uh, but uh, I would personally I would be scaling out of here one position at 80 And that's again, this is not a trade calling room. It's just considerations. It's not financial advice. It's not a recommendation Uh, it's just a way of looking at it here. Uh, and for your consideration Okay for many different ways of trading Right, so now you've got a runner, uh, and you can hold it for uh, uh, maybe the bigger move here Alec Yeah, yeah, alec. I saw your interview very nice uh So everybody, uh alec, uh Had an interview in the uh in our blog Do you want to go and check that out? Yeah Alex leading Quite the uh, the lifestyle a little envious surfing in bali and trading at night So and this is why I I like to take my profits. Like I said, you know, uh As you guys know, like uh, or maybe you study y cough or, you know volume profile doesn't matter. Um, the uh Starting to look at the the the market behavior in some of these levels in here You've got you get a move you get distribution and then you get a move right so, um, that's kind of the y cough way of looking at things, uh, but That's why, you know, these counter trend trades like you you may consider taking your profits in some of those areas Uh, at least partial and try to hold for a runner Um, one of the things that we've noticed in the order flow, uh, we mentioned that, um, we've mentioned it several times in the past On the way down if you see nothing but high liquidity being filled, uh, then, uh Uh, you know that that distribution is happening on the move down So it doesn't have to do this back and forth and a head and shoulders or anything, you know, uh, you know Range bound or consolidation in these areas. All it has to do is basically, uh, Kind of like, you know, get get one more move to the downside here and you get a v bottom move Uh, and you see the uh, the buyers come pouring in as well as, uh Uh, all anyone that's short is going to be covering them becoming buyers on the way up Okay, so uh, some some, uh, considerations and understanding the order flow Uh, in in the details here, you know, for example, if we take a look at that that tweet here, uh Okay, so what what price level is this? This is, uh This is 3,900. Hey, we're a hundred more than a hundred points lower right now Okay, but this is where a lot of people got filled Okay, so if that's the case Well, let's take a look at our bigger picture Okay, and start to maybe understand the order flow here and and this maybe answers a question, uh, uh Jenny, yeah, that's the the bali guy, uh, uh the, um 30 worst 3,900. Well, that's that's where it gap from up here Okay, so, you know start to look at start to look at these areas here not in terms of like, you know Uh price action but in terms of orders Right, that's this is what order flow is all about. We're understanding the orders in these areas in here And uh, you might want to you might want to consider marking them up Uh, what happened in these areas in here? Okay, well a lot of traders got filled on the bid. There was a lot of iceberg orders. Now are they covering maybe? Uh, Sure, they are there's a lot of covering. Are they positioning themselves? Maybe Uh, all I know is that if we see buyers a lot of buyers starting to come in We'd be looking for a move back up into that area here And that's what you know a likely uh scenario to unfold because there's a lot of transactions up there All right, so uh, uh, that's kind of a bigger picture. Look at things Nice Corwin. You took a nice trade off the 3,900 You you held over the weekend really? I'm asking if you held out. You didn't say you held over the weekend, but uh If you did, uh, boy, you're sitting pretty nicely. Okay, you didn't Yeah, that's so that's a gutsy gutsy move Oh, it was a two-second trade. Okay. Okay. So anyway, we cover this like, you know, uh, uh Partial profit here at 3780 It's a countertrend trade. We understand that we're looking for the move though And uh, you would have been likely you would have been stopped out on your other other position at breakeven at this point And that's fine You got a little bit of profit. You gave this a shot Okay, look for the next setup And again, you know, look One thing in here we do not want to do Uh is we're not a trading room or we're not one trading strategy or one trading style Uh, that would really be bad People trade so many different ways. So, uh, you know We're here to cover as many ways as possible, but integrate order flow within it That's why we have scott pulsini on thursday the way that he trades. That's why you have j trader. That's why we have why we have tom Uh tom will be uh, he's a volume profile trader. He'll be in the afternoon Okay, so uh east coast time so You can see how These individuals trade or look at the market Okay, their analysis, uh, their trade management their considerations here All right, look at look at this move here like uh, and we see some demand here right now We don't know, uh If we if we'd see a structure break in here though Okay buyers back up above 64 here Well, here's your volume profile up here How about a return just to here 70? All right, that's a counter trend trade here Uh, but you're looking for a confluence of events in here to help you out with that So here's our break of it now. Do we get continuation looking for buyers back up to? Yeah, 67. I'd love to see this move to to 70 right here Okay, let's see it. Let's see these buyers here There's exhaustion on the sell side in this small little move looking for our buyers looking for 67 and then 70 Okay off the high volume node down here See a little bit of a bounce We're looking for buyers to bounce here if you were if we're looking for that move up into 67 and 70 here Okay, all right. So here they come so they're bouncing off of this high volume node here Okay, now I'd love to see this is what we're looking for more demand here And the reaction to be buyers with more demand And see how it's really fickle in here. It's not giving us much So, yeah, that this trade idea is not working out Right. It was the order flow in here We're looking for more demand here and we just didn't get it All right, so, uh, you know bail on the on the trade idea We want as much in our favor as possible in here in the order flow to support art the the um The concept of the the trade idea Okay, showing more liquidity now at the figure down here 37 50 uh, the stops and icebergs, um Uh, Malik. I'm looking at here. Um Yeah, I need to I'll need to add them. I have the sub chart here I I took them off on the on chart I'll throw them on here Uh, and I have some kind of you know the way that I have them, uh, displaying here's a little bit Uh unique. I'll show you Um The way that I have them here Okay, so, uh, I've got the, um Automatic threshold here Can I have multiplier on pretty high? So, uh, Let's see here. Let's do this again That's a little high a little too high here. Um, all right So I'll move this down to two the multiplier. So this is based on standard deviations here. Uh, within an hour period Uh, the show the standard deviation if the multipliers on zero here Well, then there is it is just standard deviation, right? Uh, if I move it up, there's just an average Uh, if I move it up here, it's going to be a multiplier of that standard deviation Uh, and uh, it's going to be two times that And then you can see it in here what it's showing in the gray area in here because the input is now based on on Uh, the slider, uh, it'll change. So if I move it way up here, you see it's 300 Don't show anything unless it's 321 icebergs or more If if the you know Deviation here the multiplier is five if I move it down to two Then it's 146 here. Okay So, uh, and then I like this quite a bit, um the way that Show the transparencies here, uh, at 50 percent If it doesn't meet my threshold Still show it but with it with the um, uh, a transparency of 50 percent So I'm still seeing all like all the icebergs in here. Here's 56 down here. Here's like, you know, six that were canceled, etc But I can't see it very well And that kind of frees me up a little bit here to look for the most important ones But I can also see the smaller ones in here Okay All right back up to 61 And stops the same thing here. Let me go through the stop settings And I'm putting it putting in a multiplier kind of high So let me know if you have any questions on that Uh, not looking for much out of this move here. I mean like, uh, uh You know Still looking for a cell side here Uh, basically we see the buyers come in but the structure is not being broken And you see how again these guys kind of on the hook in here Um, uh, so they can be stopped out pretty nicely here Okay, so Uh, anyone buying in here thinking they kind of caught the bottom here, but they're kind of already on their back foot And we covered that a little bit earlier So now now we're looking for the sellers to really try to press it here Uh into 54 and maybe 50 Okay The second scenario is that we get we do get buyers, but we need to see them back up here around 61 or so And that would be the scenario Bigger picture here. I still like this idea of a retracement back up into This really kind of low volume area in here Cut through that and it just continued to the downside So You know a retracement back up into this area here Uh Whenever we start to see buyers come back in Well, jenny, I mean if if you're taking any countertrend trades on this you have to be very very careful Uh, I mean it's in a free fall right now. That's why I mean we're we're going through the scenarios in here, but uh You know as mentioned when we when we started we go with the bigger the bigger trend until we see something Something different and I was trying to define what that different thing looks like. Okay. We saw it a few times Uh, and this this one most notably uh here Okay, and that move into 80 And then and then the lack of Follow-through on that Yeah, see see how now we're getting our buyers here at 61. Okay, so get back up to 65 here 66 Right now we can trade back and we can come back to that original idea to start to um trade back into this Uh 67 to 70 area here All right, see see the buying coming in Okay, now if we get a pullback we'd be looking for the pullback uh to just about here at 60 Kind of where it broke out from here or this cluster as well And then we'd be looking for the order flow around that area Right here Okay, jenny. Yeah, I mean I'm glad to hear that uh, you grabbed that move to 80. Um, I mean just Again, it's not a trade recommendation or a trading room in here Uh just uh The um These are just like trade ideas or considerations But by reading the order flow Yeah, and when something looks good, you know, you you have an edge. I mean Look at your levels your higher time frame stick with your plan. Whatever your plan might be Your your plan could be you know candlesticks Okay, you're just trading on sim and practicing. Okay. Well, see see how like that look for that and that's that's great So go now that's maybe gives you an idea for something to go study Uh, and then see if you can gain an edge through that Right, that's the the whole key now when you know, you think about the confidence that's going to have Uh, when you can gain an edge Right, you've studied that setup you you know what you're looking for precisely what you're looking for And when it unfolds, uh, you you know, you just automatically take the trade Uh, because you know, you have an edge. This is exactly what j trader does Scott and uh And and tom. I mean there that's exactly what they're looking for And in essence, you've kind of embraced the unknown as well You know that uh, well it can do anything Uh, but I'm looking for this specific thing and I know that I will get stopped out I will have losses on some of those But in general It works Uh, let's see. There's a question here about apis. Um We're going to come up with more apis. We hit we come up with add-ons frequently corwin The latest one that we had was the liquidation indicator, which I I think is just amazing And that's you know, we had the Crypto webinar series all last week to kind of showcase that as well I like it even better than stops and icebergs Personally, I mean stops and icebergs is amazing, but like to know that the exchange is actually liquidating people's positions That's amazing. Look at this on the way down here Look at all the market just squeezes And liquidates people on the downside here Oh my god, this is it's just Is that like 300 coins? Hold on a minute here Yeah Yeah, these liquidations are massive Now look look at this whole area of liquidation here Okay, so this is the same idea of this whole area in here talk about market structure On bitcoin here Uh And what if you can get back up above here? Okay, it did for a little bit and then it's it's back in the range here So, you know, you can go through some of these scenarios in here starting to understand this The detail of the orders in here or positions of other traders in this case Right. So, uh, yeah, all right. So did we find more liquidations on the downside here? Now, this is Bitfinex, right? Yeah, so what about Binance futures? Let's take a look at that And again, just massive just massive liquidity down or liquidations Boy, it's scary anyway Yeah, understanding precisely where people are and you can see almost all of these take place at the extremes So and in the in the futures we're looking at stops in these areas Uh, and in this case here It's not it's even more precise than stops So in these in these areas here people are actually having their positions closed by the exchange because they're Defaulting on their margin. Oh, let's see. I turn my head away and here's our move. God Look at the buyers in here guys still looking looking for the the press up into 70. We talked about it Okay, we look for the move into into 67 and then 70 here Okay, it's already done 67 Uh, bugs me. I got we yeah turn turn my Turn our head away for a second here Nonetheless, this is this is it. This is what it looks like And looking for again buyers here and looking for a squeeze We haven't really seen too many sellers Or you know any People buying here like our short squeeze. So I'm looking for it. I want to see these stops You know hit as we get the move up into 70 here Now this is just a beautiful little area to to come back and trade back into Uh 70 I mean, it's a low volume node. There's I mean, it didn't auction quite right in here as single prints or you know All all of that kind of stuff for you volume profile guys and then for the Can't can't make it interesting Okay, well it made it to the swing at 67. That's that was our first stop here Still looking for it though And we're just back in the range here. Okay back at the bottom of the range. Let's see if they support it though Looking for buyers to support here looking for a lack of sellers or if we do get our sellers in here Looking for a big iceberg order or And or high liquidity getting filled in here. Okay for a move back up here. Here's 487 Icebergs have already transacted at this price level and they're still here in the book Well, they're still here. They're not in the book but All right, so we're a captain price you're bringing in in lunar cycles here into the analysis I don't know if it's full moon or not. Is it Yeah liquidation indicators p-trader. It's only working on not only just crypto but only on four different exchanges at this time a bitfinex Binance futures by bit and ftx Guys, this was really short lived here. This is not good It's pretty bearish if it can even kind of fill in this area in here. This was as high as it goes was kind of the swing here And then we're looking for our support down here or you know a lot in the in the book And none of that Unfolded here. There was very little in the order book. We didn't we don't see many many buyers either So You know sellers come back in Here's a retracement back to it We need to see quite a few buyers now at this point else just looking for sell side still And then the drop into this 50 level here All right, I mean this was as high as it could go here and it couldn't make make it up into 70 All right, but anyway, that's uh Looking for that, but we'll go through the scenarios again All right structure Structure being broken broken on high volume And well, maybe they can reach back up here to 64. Okay, so nice move to 64. Uh, and uh Yeah, like, you know, this would be a small scalp for me basically, uh, I'd get out a leg maybe Maybe all But just looking for that Okay, now we can go through a different scenario. We still not seeing much in the order book So let's see if we get our sellers in here and try to move it right back down to 57 and 56 And then maybe we get our continuation here Into into the figure half figure at least 50 55 here liquidity as well Guys, this is during rollover period, but we're seeing some pretty nice moves typically rollover can be Uh, kind of challenging So here's our continuation move, right? So again, this is kind of the level here at 60 and we see the selling down below it So we're looking for our continuation And we're getting it. We're getting our follow through here All right, so this was just kind of a you can see why this was kind of a scalp idea Um And then a continuation here, but the continuation below 60 below 60. They're not supporting it here at 60 Jared too too busy trading to look at the moon. Yeah Captain pricey like it because it confirms your your panic days Hey, there you go. Whatever. Hey, whatever works really seriously I mean if it's some sort of odd coincidence like You know, I mean it Whatever works And you studied it. Hey, maybe there's something to it. I look I've heard it for years that some people swear by lunar patterns Yeah, jenny. I mean like you you can see like uh, you have to be rather quick on some of these moves in here again, the idea was that Okay, great buyers starting to come in looking for the move back up to the swing Starting to break some of the structure here But if we can get back down here and we see our sellers and they're not supporting this anymore At 60 and they're not we don't see anything in the order book here. We didn't see any buyers come in We're looking for back down to 56 and 57 the bottom of the range here. Maybe they'll support it there They didn't right? So we're getting continuation of the move here Right, and you would be looking for something to give you a hint down here in the order book high liquidity iceberg transactions lack of selling We don't get any of that down here. So, you know, you can still stick with the the continuation move here And the and the trend right, so I mean if you if you don't see what you're looking for in the in the order flow then uh You stick with the the bigger move Uh, the concept is really simple in here what we're talking about uh, and and it's just that that um Uh, the the orders give us insight if the What makes up the market? You know would be the first question like what what why does price move? Uh, what what would qual qualify as capitulation? Um Oh, uh, the the um a trip tripedity the um that liquidation indicator is on the uh, it's included with global and global plus So, uh, go to the knowledge base All right, let me show you where And then uh, yeah, if you guys want I mean like we'll get this discussion going on what makes price move type of thing um But it's important Okay, so let me let me show you this here. So, um This is where you can find it go to the more button from book map.com and go to the knowledge base Okay, this is where um, you will find all of the add-ons here That are included with global and global plus and some of the crypto markets Uh, so now you're in the knowledge base section, but see how this you're in the user guide section here That's what's highlighted We want to go to the add-ons section. So click on that Okay, now that area is highlighted and you can see all the add-ons here In the left hand side, uh liquidation indicators here at the bottom Okay, click on that Uh, so some of these add-ons in here aren't included in global or global plus like the hero is not included in it But I think all the rest of them are Okay, so anyway, this is where you can find, uh, a lot of information and details On the liquidation indicator. It's all here. There's a video how it works how to install it Etc. Okay Well capitulation, um Are you welcome? Uh Well capitulation, I mean basically, I don't know the way I kind of look at it Uh, to be honest Burt is Like the let's say this move here to the downside You know, let's say we get our sellers in here. See there there's some buyers here on the bid at 53 And you can see the market kind of reacting to that Okay capitulation that would be like there's no one interested here And no one wants to buy until it gets to a lower level You know down down here at 50 But you can see see them bidding up and in in between here a little bit And this is very very typical before we hit the figure you you'll see a lot of this kind of activity And a lot of times you'll see even moves countertrend moves and it kind of has to come back up into Like our 67 or 70 level and then and then finally trade back down Okay, but if if there's no one interested in in buying uh down here and you see sellers come in Like the buyers have capitulated like you will we'll see it move pretty quickly down to these lower levels And wait wait until those buyers start to step in basically So let's go back here to youtube um Let's see more add there there if I can recommend a specific computer If you go to that user guide section. I just showed you in the book map knowledge base We do have recommendations in there But there's something even better than that and that is here Uh in our discord channel guys in fact i'm i'm kind of thinking like um You know of consolidating our our um Discussions maybe only in discord. It's kind of tough to jump back and forth here Uh, so maybe we'll have just you know our our chat and our discussion in discord I don't know. I'm thinking about it But um, uh, anyway, so yeah come here to discord Uh in our discord chat room here for book map And then you'll see in here. Let me just blow this up. Uh, you'll see in here the um Uh, we have a nice little discussion group going on in here Hold on getting there hold on On oh come on. I know it's in here on work stations. Maybe I just need to do a Search And this bugs me hold on a minute here. I gotta find this How about over here? Anyway guys, I I don't know why I can't find it. I know it's in here. Um, I'm skipping over it somewhere in here But uh find the thread on on work stations in here Oh, my preview window is blocking it Got it Thank you Yeah, there it is right up here Workstations. Okay, and uh, you'll you'll see all sorts of stuff in here Right recommendations for laptop and every look at some of the people setups in here are crazy I mean, they're great So, uh, yeah good thread in here So yeah, check check that out Okay, let's let's take a look uh back at the current price here All right, so we have our european clothes coming up guys I mean, this is going to be a heck of a week. Uh, we have You know all sorts of data uh coming out, uh, and you can see how how the market is reacting to uh inflation, uh and The fed I mean, it's you know and the volatility here So and there's going to be a lot of things that affect price here In the next few days So just read the order flow be careful here be objective be objective So for example, look at this lots of buyers in here This is pretty strong buying I'm looking for them to try to trade up here to 62 to to 65 basically And you know, if if they we can get those buyers in here like this Then we can get back up to our 70 level here. Okay, we were looking at earlier So we know there's buyers in here now. Are they supporting it in the order book? We didn't have that before here. They are they're they're here at 56. You can see it, right? Look at 58 under here as well and we're getting buyers Great. All right. Well, let's see them squeeze it now up into 65 And we should set we should see a stop run here as well. I would anticipate a stop run here Okay, see the bid here. See how we got that extra piece of information here. We didn't have before Okay, and it's it's squeezing already. Okay, we're looking for continuation Of that squeeze higher Okay, we have lots of buyers in here too. So we're looking for more And they're supporting it on the bid here Okay, we're up at just about that would be our first target or let's take a look now Would would that be our first target? Yeah, I'd take some off up here at that swing. I'm still looking for more 67 and 70 All right, this is some see the difference in here see the buying coming in here So we're looking for back up into some of these levels here okay Just looking at these three elements and book mapping the order flow in here to give us insight to these moves And you know, we're these are countertrend trades against a A market like this So let's let's even you can even look at your five minute chart here 70 area we already know that that's going to be that's a low volume node up in that area and you can see why But maybe you can get up even higher 74 or even up in the 80 level that we looked at previously That jenny was looking at As well. So, uh, you know, it could even make it back up into some of these levels There's not a whole lot of transactions up here right, so you know The swings can be really really wicked in volatility. So you know Study study your your trades in volatile markets, uh, and You know, it's hard to When those countertrend trades show up it's it's It's hard to hold Because they will test you and you'll get these pullbacks that are amazing So, you know, take your profits on some of the big moves and the big swings and and, you know Manage your trades Aggressively, I mean don't Again, not trade recommendations, but just it's just a an understanding of the environment that you can anticipate on big move Up or down that you're you're going to get some some pretty big retracement as well They're still looking for them to squeeze it up and we got a nice stop run there I want I want to see 70. No our 70 level. We really liked it earlier and we're just about there Is is this clear? Do you guys? Can you see this here? Let me let me just bring down the heat map here for a minute And let me take I'm going to take the stops and icebergs off here as well for just just for the moment here Okay Can you see that distinction in here? Do you see that bind? Do you see the structure break here and look at the buying pressure? And we're still up here and we're still you still see them come in. That's why we're looking for our 65 level up here And then and then 70 and 70 just traded Okay, and yeah, I would take my profit at 70 And it still may go higher, but that's what I was looking for that was my you know trade idea And in fact, it's still You know looking at this time frame and then this is a different time frame Uh, it still looks good There's still a lot of buying here So maybe you can go up into 72 up into here where it dropped from or up into here Okay, 80 But I just want to make sure you guys can see the the distinction All right, and and and how that adds to your your um Uh, you know your benefit like starting to understand the order book Like we we saw the distinction in the order book underneath here. They were supporting it All right, we didn't have that before So, you know, probably we'd see the buyers come in but there's this like Ah, you know, they're not really bidding up in here and like and then we see the sellers come in And they drop it back down into lower liquidity at a lower level That doesn't matter uh, jenny if the if the big um buyer or sellers is if it's a stop that is being triggered or not This is the transaction we're interested in Huh, you have a rise in five. I think I do too Uh and 32 gigs of ram. That's what I have to and I I don't I don't think I have any I mean, I don't have any issues with book map and a lot of times I have a lot more symbols open than than this right now I don't know if you're uh keeping book map open all week long If so, that's going to affect it for sure Ryan or 52 you got in around 52. Wow excellent Yeah, I wouldn't I wouldn't have I wouldn't have seen that or If I did I would have probably taken it back up to here and and gotten out on some of it But once I saw these guys starting to come in in these areas up in here. Yeah Especially this transaction here. I'm looking for them to try to try to bring it back up into maybe this swing up here Or this liquidity here, you know, it's not much but you know looking for the bigger move to unfold When you zoom out you can see that distinction And that's what we're talking about here Okay, and that's the edge And then seeing that support in the order book underneath here as well along with this aggressive buying All right, so let's see here Okay, riner. Yes, you're also looking at some of the options and uh Yeah, you might want to if you don't have it already. You might want to look into the a hero indicator And the options uh hedge impact In the options here from spot gamma Thanks. Thanks on the uh compliment with the uh the live streams here Yeah, yeah, I mean really trying to keep it. This is really kind of the key Uh is keep it simple Uh an objective And what I mean by objective is like, you know, this is something that's been seen many times over and we understand the conditions of the order Of the orders, uh and the order flow and that's what we're looking for Uh and that because the mark my answer to the question earlier What what is the market made up of it's made up of orders It's orders that make the difference. So we're looking at the order flow to give us insight Uh to where the where the market might go. These are the footprints in the sand Uh that are undeniable Yeah, I can show you the uh hero indicator again and I also have an on chart as well That's the green line here Uh, what's the hedge impact? Well, I think the details on that you should probably talk to spot gamma But the idea is very simple That the dealer has to take the other side of the trade or the options trade. So they will immediately hedge in the futures And therefore You know that gives us some some insight That wow, okay. Well if they're going to be buying a whole bunch of and let's turn it on on chart here I actually don't see much of that hedge impact down here. It's actually over here On the way down. So not not seeing too much It's okay. I keep this on but I keep it down pretty low Let's put it on a thousand here and see what happens. So here. Yeah, 58,000 my god um Yeah, not a whole lot of stuff going on in here another big one here and here Anyway, so and so put these pieces together if this was a hedge impact way up here Well, maybe that's also an area to look for a retracement to you know, line it up with liquidity at here 3790 high liquidity there Wait, just these are just some concepts to consider Guys, this has been a really nice nice move here okay, so 80 is already achieved and it's already a backup above it to 85 Okay, we talked about this when the when the webinar began And how these areas in here, there's not a whole lot and these these can be really really wicked retracements And you could still be bearish All right, so the next area look on your candlestick chart here. It would be this kind of 91 or 92 area up here Okay, try to trade back into this kind of cluster of a volume up here and where the sellers came in and really pounded it lower All right. Well, what's that look like in book map? Well, it's up here Okay, so this is where the sellers came in This is when the webinar started. I have some experience with that um spot gamma a hero indicator Uh, but I haven't really done any kind of in-depth studies on it Wow, you're okay. So Reiner you're going for 3808 You're looking at some of these swings up here. Yeah, maybe I don't know. I I'm just looking for I'm I'm curious if we get up to 3800 here But especially here. I really like this 95 level here And we'll see. I mean, maybe there's just not enough buying pressure. Maybe this was it, you know, up to 80 Spike above it and that's it Now we have to read the order flow You know, how much how much demand is there what how much uh Of the aggressors are are are in here are are interested in moving price to some of these areas Okay, let me see. I think I'm caught up here Um on all the questions Yeah, I mean, there's a small delay here in youtube. So it it's it's actually kind of better if you guys are over there Uh in discord Guys, if you like this video, um, you know, you like these streams, please give me a thumbs up in there Uh, that's uh, really good for us. It really helps us here Helps us do more of these Yeah, yeah, it's really appreciated And Let's let's see here Let me go to the discord chat Yeah, yeah guys put you I encourage you to put your uh, your input there your your experiences about the work stations See what works what doesn't uh, etc Uh, I can show you here on the knowledge base about, uh, you know, what we recommend uh, and um Just go to user the knowledge base user guide section in here and then book map system requirements And then we have it broken down into to minimum Okay, which I I would suggest, uh, you know at least meet this windows eight. Come on. No one's using windows eight Um, uh, here's the recommended Okay, and then here's for heavier use here using mbo, you know full resolution, etc So this is the one to look at here, uh, and this is basically minimum for heavy use Okay, so you have 32 gigs here, uh, and then in terms of, uh processor, I don't see it Hold on there. Here it is. I nine or a rise in nine Yeah Okay, so I don't I don't even have that. I think I have a rise in five and it's it's working great All right guys. Anyway, uh, european close just now, uh, nice move up into 85 uh the, um I'm kind of curious to see if we'll see some support in here at this cluster here I don't see it right now. I see them actually on the on the offer at 80 Uh, so, uh, yeah, maybe we maybe we can see the move back down to our 70 level here A potential move back down to there Uh, but here here come the buyers. So they're going to go for this 80 here All right, let's see if we can get our sellers in here. They didn't make it to 80 Hey, look and look and see if we can get some sellers in here Yeah, somewhere right around here seven 76 And then we can kind of uh hit on down into some of these lower levels There's there's some exhaustion and let's see the sellers come in Not looking for anything anything on the bid until down here at 72 Looking for more on the offer up here And looking for our aggressive sellers and then we can get our move Right likely it's more likely we'll get our move put it that way Anyway, guys, we'll wrap it up. We'll call it a day. Thanks for coming everybody If you like the video, yeah, please Hit the thumbs up button there And join us in discord Tom B is up next. So the streaming will continue Right into his session. He'll be looking at the s and p e mini as well And then he'll be going through his volume profile methods, okay Yeah, so yeah, take take a look at At Tom B guys will follow up with you tomorrow at the same time. Okay. Yep. Take care. Thanks