 All right. Good morning traders. Welcome to the live trading webinar with Bruce For today, we do live analysis Monday Tuesday and Friday at 10 a.m Jay trader on Wednesday. He'll be trading live looking at stocks Friday. So I look for that M Jay trader on Wednesday He'll be and and then scoppelsini on on Thursday. So at 10 a.m. And he'll be trading futures All right. So let's go through the disclosures and we're gonna jump right in and take a look at the markets here general disclosure all book map limited materials information and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right So let's jump right in here. Let's take a look order flow immediately off to the downside here as you guys can see And right into high liquidity here Here's our 930 cash open right around this area here. Let me get my pen There we go and Yeah, we can see the the cash open and and everything really kind of changes right around there And the move to the downside immediately. All right, so into high liquidity here and here All right, and we're still through it. Okay, so we're still Looking to go lower There seems to be more selling pressure in here And looking to trade into 40. Well, we're right about there But we want to also take a look at these these areas of high liquidity Okay, and the absorption in some of these areas in here How is how is the the market handling this in here some of these areas? You can see they're getting filled There's larger players providing liquidity at these areas here And you can see it trading into it and it is transacting. Hey here we can verify that We can zoom in here take a look right at it and you can see the transactions right into it 483 contracts into this high liquidity right here So it took all of it and and more it traded through it back down to this level here at 40 to 44 And they and then you can see the bounce out of it. Okay now We talked about kind of reading these things and and understanding like where who's in control and from where and You can see this barrage of selling in here now it really started up here Hey, well it even started up further, but you can see the selling coming in here It really picked up down here now see how we got above that area here Right and once we turn around to get more selling down below it And and this is the area that I'm talking about here Okay, so once we get sellers down below it in here looking for them to go after high liquidity down here and here Okay, so we're understanding the the dynamic of where this where these transactions are taking place And any sellers in here likely we see the 38 Stop runs to the upside. It's not much But you can see that the the weaker hands are going to get stopped out in some of these areas here now If we really saw a lot of buying coming in and they could have they could have come in at this area here They would go for it up here back to VWAP back for Where these guys dropped price from maybe even a bit higher and but we didn't get that right so What we got instead was some some buying some buying not enough sellers down below this key area here in this time frame Okay, this is kind of a review of what we look for in general And you can see them move down into high liquidity move into high liquidity in here Hey and here So, you know, we see a lot of transactions in here Around this 42 level Okay, and there's still more selling pressure All right, but we're starting to read it and this is how you can start to understand This this potential turnaround here, okay, and now and now we're right back to VWAP here And I'm sorry point of control and 42 50. Okay, we're gonna get some profit taking up there And maybe we'll get a pull back to right around here 47 okay We'll see if we get more buying up here Then I'm looking for right right into 52 and maybe a bit higher here Okay, let's watch. Let's take a look. All right, let's look for it. See look at the the bid here Okay, what's the reaction to this bid in here? Do we get more buyers in here? No not yet Now do we get them up here and they these guys here? There's a big iceberg on both sides here do can it out here 700 530 All right, he got filled 600 and this guy's still in here now. He got filled Okay, and then here's our pop-up above We're gonna see some nice stops up here as well Here's why it's this selling in here. Okay, or others hanging on in here And then now we're back to VWAP Right, so there's our mean reversion trade already and let's see if we can now get some Some sellers and and where would we be looking for sellers? What do you guys think? Okay, like a false breakout here. Good morning, everybody. Sorry. I just went on a rant here. So I'm not getting to your questions Um, oh sure AVP we can we explain sqc and cqc. No problem. It's very simple. All right So what what do you guys feel? I mean like where where might there be where would we be looking for sellers and in a False break false breakout here of this area. It's not doing it In fact, we're getting more buyers up here. So maybe you can go a little bit higher here We'll see 57 now now I'm looking right here at POC basically and this is where see this is where it broke out from Do we get sellers below it here if we do looking for 47? And that's our that was our original pullback was 47 right in this area here Okay, so we didn't get it. We got the pop we got another pop and now let's see if we get our sellers in here and drive it lower First 47 it's lining up really nicely liquidity down here at 45. Okay, this is where it broke out from this structure here as well So we're already almost at 47 still looking to see if we can get there Now look at the selling in here. Okay, it's not a whole lot All right, so in fact here here we have more on the bid and do we get more buyers up here? Now now they're pulling We see high liquidity on the offer and we're starting to see some sellers Okay, let's see if we get sellers at 48 and then looking for the move down into 45 Let's see. Let's see if we get our sellers here. Nope not on that rotation. All right buyers going for this 4950 here They got it And we're back up above it and back to VWAP Interesting move all right, so anyway guys, I'm gonna take a step back here and Let's take a look at The bigger picture we covered this in detail yesterday In yesterday's webinar. So you guys might I think it would be a good review So if you want to watch it, I can show you where it is It's on our YouTube channel Okay, and it is here Here's yesterday's understanding order flow and market structure for for all time frames, okay, we went through it in detail about looking at Liquidity on in the volume within the structure on extremely low time frames and then also we Moved out into much higher time frames To understand like it's really the same thing It's just more orders a more transactions more supply more demand in here Okay, so again like look at the breakout here, but this little area, okay, we saw this this this occur here We were looking for sellers down here didn't get them buyers rotated in and they're back up to the top of the range Let's see if we get sellers here. See see this this area how critical it is and now it's also a point of control Okay, but it doesn't have to be at all And now we're looking to see if we get sellers drive it here where they come driving it away looking for 46 Okay, we're down at the bottom of the range strong pretty good selling looking for them to take it further Hey looking for back to well, we liked 45 that liquidity pulled here So they're down a little bit lower now here around 43. So looking for it and targeting 43 And then there's also 40 down here All right, now we never traded that 40. Okay, and look at the selling coming in So we're looking for that. We're looking to see it test down into this area here at 40 all right, so strong selling and There's the read and this is the critical area right in here right here at 42 50 Okay, it happens to be the figure But it and it has to it happens to be pointed control But it and it's very close to VWAP here, too But it doesn't have to be we'll see this over and over again on on multiple time frames All right, so anyway, let's let's take a step back here And let me know if you guys have any questions in here. Let me see youtubers Yep, so Trend is up David No, to me it looks like it's We're going down here especially for today Yeah, we're looking sir G. We're looking at What is VWAP? That's volume weighted average price. Okay, and there's lots of information on that David What is what are we looking at here the e-mini futures product from the CME? It's the S&P 500 e-mini Okay, so There we go guys, so we're looking for 40s that just just shy of it here still looking for it though After that move to the upside So let's see if we get it here and Looking for sellers and boom 40 and let's see if they can get below it here as well through it And maybe down to 35 Now before we get ahead of ourselves here on all of this Let's take a look at the bigger picture. All right, so This is just so important to put together and We want to understand the same ideas in order flow Same concepts, but we're just going to apply it to and it's very limited data and we could look at bars here It doesn't matter. I mean like we're looking at candlesticks, but you know, we can change it into into bar data or whatever whatever it is It's a period of data here though and and that's what's kind of limiting our access and understanding the details in the order flow here So anyway, we'll start over here on the daily chart on the left-hand side And this was the screaming Thursday and Friday to the downside Friday I thought was very tricky and then we were looking for the move to continue lower yesterday during the webinar. It did Okay, it it came back down into those Areas here, let's just take a look here one week. Yeah, so we're looking at these candles in here and we Notice that okay who here is the retest yesterday back up to this area and we saw the wick here And the wick and we identified it as you know, this is rejection of this area. We're back down here We read that and we're looking for continuation at least down to the low here around This was I don't know 4206 or 7. I think we talked about 07 And then we're looking for the potential to spike below it as well due to the momentum Okay, and this was the bigger picture outlook We looked at the 15 minute as well And and we noticed the same thing so you know, we're looking for this move down below here But then yeah, let's see if I can Take a look here at the 15 minute Not sure Yeah it's It's not bad, but it's not it's not good. Um so so anyway, I Think this was the move here yesterday. Yeah, right around 12. Okay, so so we we ended the webinar around 11 40 or 11 35 something like that and so we were still looking for the downside move Here's what happened. Okay got up and did now you know You could see that the buying pressure come in okay, and it's gonna retest back up into these areas here and It did And we still see lots of wicks a lot of resistance in here They have a lot of selling pressure a lot of selling pressure for the buyers came in and and where where would you guys think? Now we'll see this in book map. Where do you see it in the candlestick chart here? Because a critical area here And and this is important to point out so that that's why I'm going over this because Where did everything kind of change on this 15 minute candlestick? There's actually a couple areas here And then we're gonna look for these things within book map All right that this kind of under over or these pivot lines here, and they're really important areas We just saw it here Up here at this 50 level 42 50 and here's our move You know 40 and then we said maybe 35. Well, we're down at 30 right now Already, okay, so we're actually coming close to this this kind of critical pivot area We were talking about where I'm mentioning here. All right, so let's see. What do you get? What do you guys think? I? Mean there's there's there's a few different answers in here 16 42 16 Not that's not what I was kind of thinking of MC local, but let's let's take a look here. Okay, so you say 42 16 Down around here. Yeah, it's not bad but like there's something that really kind of stands out here and It applies to what we talked about yesterday I mean you can really you can kind of see the order flow shift here There's two different areas But one in particular 24 close closer I'm thinking this area here around 27 28 and we're just testing it now So if we can get sellers can get through this look out We're I'm looking for a move back down to these wicks here All right, we'll likely get a bounce in here Likely and then maybe maybe back up a bit here But if we don't and we're gonna we're gonna take a look here, but here here's what we see in the candles and You know, we're looking at order flow and Here's where the candles. I mean, it's really kind of wonky in here We don't have much data The volume is separated out from it It's aggregated within a period and we're just reading four data points in here But the concept is this there was resistance up here these wicks in here still buying pressure buying pressure And then sells sells off here They they trade up through it and it closes up here and then look at the the selling coming in here Okay, these these there's wicks on both sides and there's it's a pullback here at this point This is the strong candle this one right here at 1115 No, I'm sorry one 115 115 yesterday and This is the pullback to this area here. This is our our pivot line right here Yeah, 2728 and See how now they're buying off of that area here and then we get really really nice I kind of follow through here buying up a backup above and look at the selling in here It's not like selling over here. Is it in fact buyers are in control in here Okay, and what does this look like in book map? It looks like This here buyers in control, you know and on a very small time frame All right Big big green dots moving at higher looking for searching for high liquidity on the offer So That's what we're looking at here in the bigger picture or kind of medium time frame picture And then you can see they're buying off of that level here now See look how they're buying off it right now to at this level Hey, so understanding this these concepts here we can apply it to just a very simple candlestick chart here And then you can see the momentum here that starts to pick up once we see these buyers back up here We get back up in here. I mean, I'm pretty sure that You know, we're gonna see like up here around this kind of 42 area If we look back at book map in replay mode, we're gonna see a lot of you know, big green dots Maybe underneath the bid here Maybe a lot of liquidity filled underneath here as well And then pulling on the offer and adding to higher levels here All right, so and now there was another one that was in here as well and It's it's not as it's as powerful or strong But you know, I mean we can look at multiple actually Another one is kind of here like we broke out above it. We get our pullback here Okay, and then we come back up here and then we see the buying pressure Breakout above the wick here as well. Okay, but it this is really where we see the the change Okay, and and see how we're testing it now All right, so let's jump back into book map and check it out here and see what's happening Okay, so we're down and we talked about this this level to yesterday 42 20 quite a bit Was an important level yesterday So any questions on that Understanding like at These these levels in here and applying that on the higher time frame Okay, and we and going through different scenarios too of what we're looking for so here come buyers Right, so let's see if they can lift it to the top of the range here back up to 30 And no cannot not yet. All right looking for looking for buyers up here at 27 This is right at our level here. So let's see if we get them and then a move up to 30 Okay, now this is kind of higher time frame stuff. We're looking at here Okay, I mean we're looking at the order flow here directly in book map around this 26 and a half level And and you look at them flip on the order book here. They were on the offer. They got filled now They're on the bid Okay, and let's see if we can get up to our 30 here You see how these guys don't really want to be buyers here and it's really dark in here. So that might be it Let's take a look and if we get sellers in here Then we're going back down to 25 liquidity 24 liquidity and maybe and maybe continuation at this point Okay, so this is again the critical line is Here it's the same concepts Somewhere around here. All right, so Buyers cannot lift it. Let's see if we get our sellers right now and look at looking there. They go looking for them to drop it Okay, we're down at 25 Let's see them take it down to 24 and maybe 22 as well And maybe a bit of a pullback 27 ish But looking for sellers to take it Okay, there's there's a bit of a pullback and let's see if we get sellers here looking for sellers here now Again, the order book is not helping us out too much We want to see more on the offer at a lower level and the reaction be red dots Okay, like we're there we go a little bit, but what's the reaction to that? We should see red dots Yes, they're pulling at 24. Okay sellers have this if they want to take this a little bit of bounce interesting bid here and Reaction is buyers Okay, so again, you can see our line here like we're above it. So Yeah, this didn't work out. Let's see if we can get sellers below it again though and Looking for a move straight back down to this 24 and three quarters or 24. All right sellers Let's see. You got to get below it here. There we go. All right, let's see the push. Okay 25 24 now, you know, I covered this in a webinar the other day and There was a comment on this about rotational markets and You know The S&P especially Rotates back and forth quite a bit and we've been fortunate lately. It hasn't been doing that We've been getting some some nice kind of directional moves But these retests back up into these areas here Okay, our primary scenario is looking for the downside in here below this line It rotated back up back up above here retested up into these areas here didn't find buyers And and it was a reaction to this liquidity in here and buyers coming in look at the stop run here As well Okay Now once we get below when we're looking for our sellers in here, okay in real time We just covered it and then look at the exhaustion in here someone talked about or asked about exhaustion. Here it is There's there's one. It looks like just one contract traded up here. That is two. It's two contracts That's it and then down here nothing in here. I don't see one contract trading here Okay, there's no there's no one buying here Okay, we see the middle kind of the middle of the you can even look at this profile in here Okay, and you can see that you know most transactions are taking place right here at twenty six and three quarters And this is what we talked about yesterday in the micro structure Once we get back down into these areas here and see more selling we're looking for the move All right, there's no buyers up here Okay, and a nice follow-through Okay, so we made it down to about 22 and we're right back up here Okay, so another retest back up to where we dropped from and you can see the how how important this line is in here Look at buyers back up above it Here look at the bid here All right, let's see the buyers try to squeeze the sellers if the let's see if they can get back up here If there is demand in this market. I doubt it Things are kind of bearish out there That look we see we see some volume transacting up here. Okay So let's see if they continue to buy or if we get our sellers back down below our line again right here Not yet. Okay reaction to this liquidity. It's one player here And now let's see if we can get down below it here after that Beautiful. All right. Now this this here is Something that we want to be kind of aware of in the order flow Look how convoluted this is and You know it this where it's where we look at some of these things and some of these retests in these areas in here and it gets kind of confusing to understand We're looking at and and it's still confusing We're back up here and we're finding buyers Okay, we're back up at 30 actually now Okay, so it bashed around this line here down to 24 back up above buyers here and then taking it higher Okay, but this kind of stuff in here now if you don't understand the order flow Okay, which is tricky in here then You don't have clarity then you don't have an edge and then don't trade You know don't look for these things and try to read what's going on in here. This is a larger player lifting the the offer here Throwing some orders underneath here. It looks like Sellers do take them on are able to take it lower Okay, and then there's a battle here back up above our line here and then back up into 30 Okay, 32 All right, so let's see if Let's see what this water flow looks like here. Okay. Now we we have a new line here around 30 and these transactions So let's mark it up And let's see if we get our sellers here back down to our previous line here and maybe a little bit lower 25 Hey, and maybe continuation now at this point. No, all right looks looks like actually we're gonna get a breakout here There's more buyers up here. They're going for it. They've broken the the trend And looking looks it looks like they want to go for this 35 36 And we could get back up into 40 here Hey, look at the buying in here. Okay, so what kind of We were looking for sellers down here and we're not getting it. We're getting buyers up in these areas here Let's see if it entices traders in here. Okay, here we go. Let's see if we get more buyers in here now above this little 30 Nope one more. Let's see if we get another rotation up here Nope All right sellers likely then take it back down to 25 But still looking to see if we can get back up here and we're breaking our trend line But we're at the bottom of this little range here So we're not buyers Could could still move this but let's see here We got some selling coming in now see if the let's see if the if the rotation happens here now on the buy side Okay sellers here they can be upended right here at 28 looking for buyers And let's see if we get them back up into 30 and they're struggling now Now sellers back down at 25 That's a nice cluster of buying, but we're back down below these lines here and Here come the sellers Yeah, what I'm what I was kind of looking for here since this buying looked pretty good And we were breaking this 30 line and getting some buying back up above it this scenario I was looking for Was to come back up here around this 30 ish area here and then back into Well, this looks really good here at 40, but maybe back to 45 looking for those Kind of mean reversion traders to jump on board and tice them Get people going and Then get them move back up into here. It was still may play out actually Let's see and let's jump back here. Let's take a look at our higher time frame So we retested back up here. Okay, this line and That we see some nice buying, but they didn't get back up above the line Let's see if they come in though again. We get that rotation back up and before we do that Let's uh, let's let's jump back again at a higher time frame and see what's going on Okay, so our higher time frame This was our line in here. In fact, let me mark it up So 42 28 and trying to read it in here now the on the higher time frame looking at this here You know and we're gonna look for this in the order flow We're looking for I mean we see the momentum here is sell side Okay, so it bounced off of here a couple times. So the more likelihood For this to follow through is to the downside. Okay, so let's let's jump back in here Let's see if we let's see we were looking to see if we can get back up here and get those mean reversion traders Because that's about the time of day that this happens But let's just take a look here and get a feel for what's going on the order flow here. Okay, so what we get some buying Some buying the bit is a bit stronger some more buying Okay, back up to this first line that we drew here 26 26 and a half or so Look in to see if we get our sellers in here because all of this buying could get up ended very nicely very easily If we can get back down and see the selling at 23 Okay, and the first thing we'd be looking for is exhaustion up here and notice. This is not exhaustion Okay, now it could be trapped volume if we get back down below here and see selling So we're gonna go with that scenario since this is already unfolded. We're looking for sellers around here around 26 Not happening buyers taking it back up 30 looking for 30 then you know, we're gonna read the order flow regardless This is not the scenario that we were looking for on the higher time frame here. Here we go Let's see if we get our sellers now Looking for them. There they go. Alright, that's tough. That's a tough read They came in all of a sudden and pushed it now. We're back down at 21 now. We're looking for follow-through Okay, follow through to the downside. All right, so back down into which levels here. All right Well, we're already there at this wick here. Okay around 15 or 16 Let's see if we can even get down in here around this oh 04 area. Okay, maybe even below the figure at Back down into these lows that we tested yesterday, which was 41 What was this? 96 4196 or so 97 somewhere around there Okay, look at these buyers to get right back up here. Okay, even this though is a low volume pullback It's strong selling look at the buying back up here. Look at the bars. Look at the dots So we're looking for again sellers below 42 20 Okay, up and these buyers in here And let's see now, you know when there's enough room in here And you're looking at this kind of area to be retested because you know this is a low volume pullback. Okay strong volume Directional volume here moving price away Okay, a retest back here Unless by volume looking for sellers here and you can trade this back to this area here for a scalp and you can hold it Looking for continuation. Okay, this is a potential setup here To Consider so now this is all for educational purposes We Do not give trade recommendations, but we can read the order flow and and look at look at this line in here at 20 Can you guys see it? Look at this this 20 level right here Beautiful Hey looking for sellers below it And we're not getting them so far Looking for it. Here's our retest. Let's see if we'll get our sellers now and the move into 15 14 and Well 10 basically Looking for that continuation the drive away our pullback You know back to this 20 bounces around it sellers below it looking for the move back down into 15 Even the even this bottom edge looks good in here for you volume profile guys For continuation. This is a week a week low Hey nice continuation through 15 some pretty strong selling so looking for 10 and looking for our 07 we got 4200 down here and our 95 90 90 What do we say we said? 96 or so 97 96 well, yeah, we see some liquidity there below the figure This lines up with a spot gamma level as well for you guys looking at those option levels We have a combo level here as well as a 4200 which is for the SPX okay, not the S&P many All right, so let me get back to some questions here But that was a kind of a lot to go through all those colors are so confusing David. Yeah, I mean the Let me address that I know you're you're new to book map just based on your questions and So welcome the what we're showing here with all these colors on The heat map is just liquidity. It's all derived from the order book All right, so All that all it showing here is like if we zoom in here and we take a look at the order book Okay, COB column stands for current order book and we look at the liquidity in here at each price level These are limit sell orders above the market and limit buy orders down below That's all it is but what we do is we take these numbers and transform it into heat map here and You can see now and you can relate this information the dome when these numbers change. There's nothing there to To look at any longer except for what replaces it But book map records it with the heat map Okay, high liquidity is red and orange then yellow then white blue and then black is the least amount of liquidity That's all it is So if we take that off in fact, we can use this dimmer tool up here And we can just look at now just transactions and best bid and offer and That's it. All right. So yeah, it's pretty it's pretty simple It's pretty straightforward. I know it looks confusing But we can read it now. We can read there's supply up here. There's demand down here. Hey, what are the traders? What is the market feel about this supply up here? Looks like they want to go for it, right? We see buyers coming in, you know, that was strong buying here now It it just made it up to here and then they stopped buying now. We see sellers And well and they pulled that liquidity. They did not really transact here All right, so we're looking to see if then Let's see if we can get more sellers then they are they interested in selling down here Are they interested in this liquidity down here or here? It's a condition of the order book Tesla is dropping like crazy Craig. Okay There's nothing like this Joshua for FX or you can Yeah, you can access the currency futures from the CME and that will show liquidity as well as the Boy, it's all over the place now right back up to 20 It will show liquidity as well as the volume. Okay, whereas FX spot FX is not I mean the it's kind of made up to even just to begin with Since it's over the counter. It's not really verified. It's not a centralized exchange All right, so let's see here. Those are those questions. Let me see AVP you're on toss, okay All right, you're looking for a squeeze above 1320. Let's take a look 13 to 20 Yeah, up in these areas here Yeah, potentially Nice cluster of buying in here and and look where the buying is taking place here It's above the same ideas here. See see how like We can just dim the heat map a little bit Look at the line here at this 175 level They're just not making this stuff up It lines with the structure and we want to understand the order flow around these areas these critical areas So a nice cluster of buying here All right, they're trying to move the market higher Okay, and here they go Let's see if they can do it now if they cannot and we get sellers down below look out because all this new Buying is gonna they're gonna be squeezed Okay, this will be a long squeeze They'll have to they'll have to get out. It's gonna go against them sharply Okay, so let's see Yeah, I would go with that scenario since we're the momentum I haven't we haven't looked at the higher time frame on on this on this instrument in the NASDAQ But we're looking for it The volume below here on the sell side if we get it looking for a new lows here And maybe down to 13 100 It's set up nicely for it right now Looking for sellers here. Okay, the first the first drop will be this probably this 13 150 or so And you can see the same line we can draw the same line in here see the volume down below it Volume back up above it right here and the retest look at the retest here Bouncing off of it Now let's just zoom in here And this is where the order book can help you in the volume and understanding the context of the volume can help you Okay, so Here in the order book well, they're pulling down here and we didn't get actually too much out of the order book in this move here It's more more about the aggressor the green Dots the market buy orders and the red dots market sell orders Okay, so they went up after this liquidity here But a lot of times what you'll see down here in the order book you'll see them bidding up underneath here Right, and they're pulling over here on the offer Then we're looking for those buyers and those green dots. It's the the field is open here for them to charge back up into these areas Okay, so there's your your move up to 200. Okay, and let's see if we can get our squeeze back up above 200 Okay, else the other one is Down below and so look at the buyers that came in here and supported that Okay, so now I'm gonna shoot basically kind of shift that line a little bit more maybe you know Somewhere around yeah, no, it's about the same around this this kind of one 78 level or so and Let's see if the sellers have enough to push it. You know even trade it back down to there It's not a trade recommendation, but it could be a strategy If you read the order flow in here and you're looking for at least a pullback to here And then continuation of the bigger trend and see it sellers and the move down to 178 All right, there we go Nice, okay. Now. This is the critical area here. Do we see more selling down here? Looking for it looking for it and let's see them try to move it back down to 170 Or a buyer is gonna support it here are at our line. Okay, so like I said like a you know You know you got to take risk you got it you got to take a stance here If you're you're looking for that continuation here And you were looking for trading it back down to do this this area Takes them off. Okay, you would have gotten stopped out at break even up here now That's just a consideration for trade management And looking at this here. Okay, you can always re-enter again on the break back down And they're selling pressure coming in here guys, so let's see if they can do it and move it Right now and should be should be nice here. We should get our move into 170 Maybe back down into this area here 160 Let's take a look at the higher time frame liquidity 140 150 of course and Let's see it sellers continue on let's jump back to our S&P So there's there's something on the Nasdaq Nasdaq can be tough and volatile Alec. I I like it I'd love that market We've been covering the S&P because most people want the S&P and it's been moving pretty well But boy once it starts rotating again and again and again, we're gonna we'll dump it We'll go right back to Nasdaq or crude oil or you know something It's just not good for for these webinars. Okay, we want we want to see the follow-through Interesting. Okay, so working for you better on the your stats are way better than the ES you killed it on the NQ. Okay Well, there you go That's really important to know. All right, let's see what else Can we show Facebook? Yeah, we take a look at Facebook. Can you explain the unfinished business? Yeah, you're welcome Leonard Unfinished business. God, I can't remember exactly If that refers to filling in an area like here Like it's it's kind of unfinished or if it's the the edge here In the volume profile, I it's been a while since I kind of looked at some of the terminology The like an unfinished edge Okay, it would be like a big volume cluster down here and it's just not it's not sloping. It's not finished It did not complete the auction Okay, when you see like a slope in the See how this is kind of like unfinished business down here and looking for sellers to try to push it and Go back down into these areas here. Okay in the profile Okay, because there's a lot of trading here and we want to see it as a finished edge here that it auctioned down here and it rejected it didn't accept down here Right, so there's this this is how a lot of the volume profile guys Look at this here You know that wow, okay? Well, we can still try to explore these areas here because they're trading down here And looking to see if we can kind of explore and that's how you get your bell-shaped curves Okay, it'll be a finished edge Joshua Yeah, you you like the this is like a blood for sharks Yeah, I mean well reading the order flow. I mean, that's why what we look at in in these areas here We just we're looking at very simple levels and order flow around it Okay, now you might be trading your volume profile. You might be trading, you know, I don't know patterns with an indicator It doesn't matter like we the order flow is gonna tell us so much. This is why it's just so important to understand You know is that pattern likely to fail or not due to the way that the orders are reacting or trading Around your level. I mean look at this bid is strong in here, right? Look at a higher level in here in this S&P. Okay, they're they're not down here. They're up here This is strong Right now. What's the reaction to it? Well, we're starting to see some buyers here Now this is very different than what we were looking at earlier and it's this behavior in here They're bidding up there one after another here at 14 15 16 17 Okay, now they have not transacted So we'll see if they mean business do they want to stay in the order book? Do they want to get filled and that'll mean a lot So see you see the buying that we're getting in here right now All right, let's see if buyers can then lift it to 24 They don't seem to want this liquidity. In fact, they seem to be repelled by it And now I would be very I mean this be kind of very careful in here Because we don't know if these guys are in here for real it looks like it. We don't know All right, so they might get out of the way here They might just slam on the on the offer. They may even flip from bid to offer come in here and then You know start selling, you know heavily And then we'll see a cascade through these areas very very quickly And that's a possible scenario here and we're just reading it right now and so far so good like, you know, they're staying in here and Let's see if they're for real Now you can see this guy is already starting to pull see That allows sellers to trade Potentially through this guy back down to test some of these these guys down here on the bid See how this is like they're kind of staying in the queue. It's like Well, we want to be a buyer and then like comes down toward them No, we don't really want to be but we want to be if we come back we come back in the book here Now this is where we get a lot of insight from this kind of liquidity in here it What was the reaction to this event here? High liquidity and sellers did take them on they they transacted Okay, so let's see if we get more sellers in here again and trade into 17 and a half here this liquidity And let's see if they stay in the book. I imagine this guy's gonna pull. He's been pulling Hey, all we're looking for is then that the move down to 17 and sellers to try to take it further And there they go. Okay, there's 17. I he actually stayed in the book looks like some of it And now let's see if they can continue So I gave us a little bit of insight to they stayed Partially in the book here partially pulled. All right sellers. Let's see another move 16 15 14 and a half. Okay, they're partially pulling again So, you know, we're kind of getting it kind of not and Here's a larger player Okay, just came in and swept the order book like this. Okay hit some stops along the way And now that's certainly this disrupts this whole Move lower Okay, see see how the larger players come in like this and they sweep the order book higher Now this doesn't happen all the time I mean as many orders as this That was that was that was a lot. Okay, and it can kind of change, you know kind of The order flow here like the bigger player here He's gonna have to do this a couple times most likely in order for price to come higher And and they may we've seen that many times We'll see this once twice thrice and then like, you know, everyone kind of clues into it and it's like, all right Well, I guess we're gonna go higher. It doesn't show up again. No Do we get sellers here? Not yet. Okay, let's see if we get a bit of selling here. There we go There we go 14 Okay, all right So now we seem to get sellers in here now. All right, so we're back to our bigger picture here Looking for a retest back down to 11 and then follow through back down into maybe 04 98 97 let's see it sellers and Hit this 10 level here our 07 level was what we're looking at yet. We're looking at 10 and 07. I recall That's Elon Musk Really is that what's happening in here? This is all kind of reaction to what's going on over in Twitter CVP SVP sqc. Yeah, I'll go over that. In fact, you know These webinars are about going over the order flow here I'll cover it briefly, but I want to show you on YouTube where you can find this information That will probably be more helpful than explaining it here Because this is this is a pretty pretty easy answer All right, so go to our YouTube page and let's take a look at price action here We're looking for our 10 level here and then scroll down All right, and then go to the features and components Playlist in here. So we're bonus material here and then we'll Yeah features and components right here click on that Okay, and then you're in this playlist here. All right, so here scroll down And I'll I can put this into the chat for you Here you go The scroll down here and you'll see under columns Yeah, I would recommend checking out volume first And then here's trades counter and then there's quotes counter. Okay, we kind of messed around with the structure in here of our list It's in here though Believe me Yeah, so anyway, yeah look in here for the quotes counter. You will find it Here it is. Here it is. It's video number 25. Okay quotes counter What it's showing is the amount of quotes that are refreshed and flashed All right so if we go here you click on the right click in the column and We're looking at a volume column here. You can look at a trades counter or you can look at a quotes counter So here's our quotes counter here And there's a lot of quotes in here, right? So in fact, let's Configure this column and we can zoom Yeah, there's a lot of quotes happening here. I mean, this is the S&P but Anyway, like a lot of times usually CQC. This is not this is not right. So hold on a minute here show aggregation There we go. Okay. So so what we're showing in here is the the quotes being refreshed here For this viewable range And it's very similar to the volume columns, etc. It makes sense But we're starting to understand like if you know, there might not be any transactions at these levels But you might see a lot of quotes refreshed. It gives insight That you might not see from the volume think of it like pit noise and you know Back in the day in the pits there might be all sorts of noise yelling at each other Bidding offering But not one transaction takes place Okay, but there's interest and that's what we're trying to you know show with the quotes also quote stuffing When we came up with this column years ago, it gives additional insight in here. Here's our move into 10 guys So, yeah, still still looking for follow through here to the downside Oh 744296 bigger picture stick in with the bigger picture here all right and Looking for this continuation The S stands here for session range the C stands for chart range So you can see this this works for all of these columns for either quotes trades or volume So chart range volume profile or you know chart range quotes Counter is for what's viewable within this range and in bookmap if I zoom in I'm only going to get the a different range in here, right? so Yeah, that's that SVP stands for the session range So if I right-click in here and I go to session accumulated for quotes counter, it's going to be for the entire session Okay, so and you can see now you're going to see quotes outside of you know the traded volume here But that makes complete sense, right? that Of course, you're going to see quotes down here refreshed So you get these nice kind of finished edges on the quotes a lot of times anyway let's turn it back to volume and And chart range and zoom out all right, so you know just a quick review this bid looks strong in here And we know the outcome of this so You know a lot of times if you see buying on a strong bid in here Then we have we would have a different outlook Okay, we saw this this one player come in here on DrivePice very quickly very Just to the top of this range here. They did not break the structure though. They did not break 42 20 And then it's like okay. Well this can disrupt everything And then we got sellers down below they started pulling here All right back down below again sellers and you know, we're going with our higher time frame here We're looking for that 15. We're looking for our 10 and Then we got a little bit of a push here and some back-and-forth in here actually but Overall, yeah, we trade to 10 It Leonard that did I answer your question? Believe so Yeah, okay, I'm all caught up on YouTube Let's go back here Discord All right, I think we're all caught up on discord as well. Well, let's go through. Okay, so you know We've we just kind of touch on every now and then some of the volume profile stuff And the reason being is like and I know it's very popular a lot of you guys are trading volume profile okay market profile and The reason that I I I cover it in general because We want to have a foundation of education in here for all different ways of trading Okay now and and then we have Tom B who comes in Just after this webinar finishes so in probably about another half hour or so And then he'll go for the for the afternoon and he's going to cover volume profile and the way that he trades in detail So I usually don't cover too much about the volume profile because he will cover it But I do want to cover a bit in here All right, and and what you guys are looking at now It's also, you know, that's the way that Tom trades and it's not he has his own kind of Methods of trading and In here, I'll cover Just some basic concepts of it and this would be your your low volume node up here top of the range up here There's high liquidity in here and now we're back into the high volume node Okay, so there's your there's your kind of mean reversion or at least back down into an average Now what we want to look for though is sellers here and now we're looking for it to drive away from the average With some heavy selling in here Okay, and then back down to 10 and through it Okay, because they traded into 10 and they're back in here again All right, so this is kind of the point of control here For this little range and that's what we want to take a look at here All right, and we're gonna we're just gonna cover some basics in volume profile I'll let Tom do the the heavy lifting on the on the volume profile All right, so now we it's just bouncing around in here Back up into this 15 level Okay, now let's see what is it what's it like up here is it's gonna auction in here And does it reject? Top of the range Rejection what's the rejection gonna look like more selling? Where's the sound that's that's right Alec? Where's the selling gonna take place? We're looking for it right now See see this this line here And they're they're down below here and we see the selling here now It's just back to point of control basically this is not a whole lot of selling in here, but we're back here now We're looking for so it's it's here is what we're looking for the Here's the break above Okay, and then this is the false breakout and we're looking for selling in this area here And we didn't get a whole lot Hey, but we did come back to point of control right Our line here Boy, this is horrible drawing. Sorry guys. I'm actually not a bad artist. I haven't drawn in a long time, but anyway All right, so we're looking to see now There's a difference here between you know responsive selling or you know back into the range here or a breakout from the range Now this is not a whole lot of buying in here either back up to the top of this range So we're not getting much insight out of this it may we might we may get buyers in here and they may come back up into 20 Okay, so yeah, this I'll let this one go no no problem. I mean like I Was not seeing anything in the order book to help help me out here There's You know, maybe a little bit on the bid here, but you know nothing they're pulling here. Yeah, okay But it's nothing really really concrete here or strong and yet it still broke out Okay, and then likely now, let's see if we here we get our move up into 20 now Okay, because there we got a flash in the order book. We had Commitment here by buyers and then looking for this move up into 20 and that happened very quickly Right around here. Okay, so we're looking for in This profile Well, this was a false breakout came back into the range and almost to the other side of the range But the selling in here was not very strong either. Okay, so then we came back up and through Here and then we're you know looking for maybe a retest back to here and seeing if we get more sellers We got more buyers and this all area this area is dark in here You know it don't like it But we see our buyers in here. We get a pull back to where it broke out from and they bought again I'm surprised. They didn't bring it up to 20 because I was really looking for it right in here and we had multiple Times here. We have volume here here and here Couldn't get it and now we're back down into our range here Okay. All right, so let's see the sellers try to drive it then back down to 1250 Okay, and through it. Let's see if they can come in on size here Looking for it looking for looking for our sellers here now to drive it away From this whole area this high volume node here. We're looking for strong selling back down to 10 through it Down to nine back to our 07 And then maybe these lower levels here that we've been looking at on this higher time frame in here So on this candlestick chart here. Yeah, right around 11 is for 10 or 11. We want to see some pretty strong selling here And then this move will likely unfold Or at least has higher potential due to the order flow for move back down into 94 98 and 97 here. I'm sorry 94. What did I say? Oh for oh for Cell volume not convincing yet. Yeah, I agree Yeah Yeah, it's kind of just wishy-washy right now now this work. We're you know getting near the European close here, so You know we get we get this kind of activity here here we go here come the sellers that looks better now Let's we don't want to see don't get in this trap here of getting caught back up on the other side here right here Okay, so then then watch the squeeze here to the upside, you know So this is kind of like, you know a kind of a little area That's kind of key here is to about around this 1250 level Same same idea same concepts here Here okay, so You know this is see how they're kind of trapped here and when it pulled away and traded back up here We should see some stops as well, but we're looking we're watching like If we can get back down here again through this area and we get our sellers down here now these guys are upended Hey, so let's see if we get our sellers here and Then see see this we talked about this kind of as a potential setup many times over Looking for sellers in here to trade it back down at least 1250 now This is I know it's not much right a point or you know something this concept though works on these higher time frames though And now we're looking for follow-through because the trend is down So you could take some off and try to hold looking for the move down to 10 and through 10 All right, so it gave you a bit of a break here On even though it didn't do it here You can get in here and trade it back down to it and then you can get you can grab this now as part of your profit So you took some off and then you you now have your runner Okay, and you're with the bigger trend Okay, so we're down to 10 now our higher time frame and and We're looking for sellers a lot of sellers here at this point Okay, and we're getting we're getting some in here Around this we said around 11 and we're getting them so looking for a continuation now looking for them to just finally say like Enough we're dry. We're gonna move the market here and the order flows not bad. It's not bad The sellers are here. They're pulling on the bid. They're adding on the offer up here at 13 But they're up here at 13 No, so we want to see them get really kind of aggressive on in the order book here Here's here again. It's a kind of under over here Hey Right right here around this 11 right at 11 actually All right, let's see it sellers. Let's see you drive it here. They just retested back up here And buyers are still trying they're still pushing this still pushing it Liquidity at 11 here. I mean we know this is a critical level You know, so we're getting kind of a volatility around this level here How does it lend to close factor in oh, yeah, I mean there's all sorts of people doing all sorts of things And it's just like the close of any any market Okay, you know the 430 or the 4 o'clock Clothes for the stock market and the stock index futures as well and they're wild Just there there's just all sorts of people like like we saw like these larger players in here. I forget where it was Move the market very very quickly Forget where it was We see that all the time and they'll don't move it up They move it back down and move it back up like, you know, we don't really know And it can come in in the instant. Yeah, we'll like this guy here. Okay, right here And that changes the dynamic here in the order flow. That's why we have to be kind of careful Right. I mean this this just changed the dynamic right here. We're looking for a continuation And we're not been like more likely we're gonna get up here to 20 Okay, now it looks like I'm waffling. I'm all over the place. Here's our move to 20 I mean, it's not it's not we're reading the order flow. It's dynamic. It shifts. It changes And and here was the big change here. It was this volume in here Value area low lining up with today's session Yeah, yeah, I mean this this player really and this is you know, very close to the European close So, you know, a lot of these other guys, they're gonna just think about it If they're their position short and they see this and starting to move away They're gonna start to cover and buy back as well and they're doing it You know, here's the move higher and here's some icebergs here. Look, you know getting filled up in here Okay, and they're their position is short 800 831 they're still in the order book Nice stop run up here as well above our 20 level. All right, let's just jump back here And what does this look like here? All right, so here we you can see our buying pressure We're looking for sellers down here around 11 Okay, and then follow through You can see we have buying pressure down here Okay, and the reason we're looking for selling pressure is we have our trend on This 15 minute and end on the hour As well as on the daily year And and then we saw this move back up what we're back down here again. Yeah looking looking for sellers to try to take this lower Hey, and yeah, here they go again buyers back up here, but again it Now we're starting to see some selling come back in in this candle All right, so let's see if they can retest back down here This is around 09 right is that the low of the day? Yeah, okay, see the false breakout above 20 Look at the sellers start to come in below this little area here. See that see the selling coming in They trade into this liquidity on the bid through it. These guys flip from bid to offer and now we're now we're seeing our sellers come in or The reaction we're not seeing a whole lot of selling coming in but the reaction to this liquidity was to the downside Yeah, I don't know AVP about this This move to the upside here. Let's just zoom out. Let's take a look. I mean one one thing that We need to look at I mean we we cannot deny those wicks Or not higher time frame and there's buying pressure in there And then it's kind of convoluted right now However, we can take a look at this and look at the order flow on the higher time frame basically we see the trend line break here And it also broke above the swing here Okay, now is that going to clue in these players here for that mean reversion trade back up into VWAP and Where's our point of control? way up here 250 Okay, so let's take a look here and let's see if we get see see how there it is bouncing off of this little area here Just below 15 and we see high liquidity in here on the bid Now we're looking and looking for something that gives us more insight here And we're open to these scenarios here. So we have the two scenarios We're looking for either sellers down below here at 15 and then the continuation or We're looking for our buyers in here above 15 And then try to trade it back to to VWAP here and we have broken structure. So and We see the move higher here It broke the trend line or broke it broke this structure here and we see strong volume in here Right. So this is where we're looking for the bounce Okay, or this is another developing battle line here Okay buyers coming in. All right, let's see the buyers trade it back up to let's see if they can do it here Back up to 20 And if they cannot I think we I think we're gonna get our fail here 15 Looking for these both of these scenarios here Not we don't really know right now looking looking trying to get some insight here I mean the buyers cannot even make a higher high yet So let's see if we get sellers here and then the breakdown back down to 11 and 09 It's a little bit from the order book. We found some sellers. All right, we're fine. We're finding some selling pressure All right sellers, let's see. This is 1130 coming up on 1130 East Coast time or European close And let's see sellers. Let's see. Let's see. Nope That order book is we're getting nothing here right Nothing. It's just dark here between 20 and 12 Okay, there's 1130 and Let's see sellers Let's see it. We got a bit of a stop run there Okay, back down to 12 and a half Don't just not getting much insight out of it getting our sellers though Okay. All right sellers again. Let's see. Let's go for the directional move now. We're down at 11 Looking for follow-through to the downside here. Okay, selling is pretty good They look to say niche and I'll go here. That's Likely a niche and I'll go. Yeah, probably Trying to squeeze or push things lower here Really careful here careful for the the squeeze higher here on the on the buy side Okay trap volume here. Yeah, they're gonna looks like they're trying to All right more sellers at 12 and I and then I think we will see the follow-through here Let's see sellers down to the bottom down to 10 and then oh nine kind of lower the day here Oh eight and three quarters It's pretty pretty dark in here. They can reach down to our seven level as well not really clear really just Not not really clear at the moment. It's just kind of hanging out here and We don't see that we see the selling pressure here. We see buying on the other side here. So You know not until we have like really kind of clear distinction here We're looking for that directional move So you see the reaction to that liquidity at 10 and we found some buyers And so we're still looking for some some insight in here and it's not just us I mean, it's everybody everyone's looking for insight in here the larger players. They're testing the market in here This is this is how it works, you know come in with high liquidity. What's the reaction test it? Okay, there seems to be some interest some buying interest, okay Well, then where are where can people get squeezed here? These guys here they can get squeezed if we get buyers up here All right, there we go. All right, so now buyers Go for it and go up here to try to get up here to 20. Okay. We're at 17 and a half Okay, so now we didn't know that and Likely gonna trade to 20 here We're almost there But we're reading it in here and we're reading like, you know, what does the market feel about this in here? Hey, what are the players like what's the reaction to these things in here? Okay, and we saw the potential for this squeeze Anyway, guys good stuff. I think I'm all caught up here on the questions and discord. Let's see No, there's a there's another one here when the heat map goes from mostly dark to lighting up like crazy Well, it doesn't necessarily mean to be algos It could be or you know likely. Oh, yeah, I mean, yeah, it definitely gives us I'm so bad I think a Insight to I mean you you like those like that quotes counter and the flashing Yeah, you'll see a lot of that during volatile times Now now see look where we are down below now Okay, now now. Let's see if we get our sellers here Okay, the squeeze is over. Let's see if we get our sellers here in the follow-through to the downside Let's see it sellers. Let's see it and Let's see oh seven here and let's see lower here. This should be a nice move It should be pretty quick and pretty strong. There we go. There's oh seven Okay, I'm looking for more than that here. We're looking for follow-through now We're looking at this here. We're down below all of this bind in here We're looking for the move now back down into these candles here Okay We're looking for the order flow to tell us and it's pretty strong selling so far So does that make sense? I'm so bad. I think so like, you know There's gonna be a lot of like, you know bidding and offering and it's like crazy like lot shows lots of action a Lots of interest Yeah, AVP we went through the squeeze there almost got to 20. I'm surprised we didn't But we didn't and looking for sellers to take this now Back down to you know, 4200 and and below I think here. I think they got it But anyway, all right, we're all caught up there Let's see. You've got to get going here any more questions Okay, all right, Joshua from Bangkok. Cheers Yeah, YouTube on mechanics of setting up from scratch There's like rod. There's all sorts of stuff on our YouTube channel there on book map And there's also educational course. I think you'll find very helpful goes through all of this kind of order flow Phenomena that we've been talking about here In the course is four parts All right, that should provide a nice foundation in the education for you All right. Yeah, thanks guys. Thanks everybody. Let's let's wrap it up. We'll call it a day and get your Get ready for Tom B. He'll be starting here shortly And Tomorrow we'll go over maybe the S&P for about 15 10 minutes or so and then Jay trader with stocks. All right Good stuff guys. Take care. We'll catch up tomorrow. Bye. Bye