 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book. Good morning And let's see everything's up and running good. All right And welcome to the live trading webinar So we go through live analysis forward-looking and order flow teaching you order flow based off our educational course That's online on our YouTube channel. You'll find it. It goes over market mechanics understanding Really from the the the binary Elements of trading building blocks of trading on up to the highest time frame available And it is all order flow Okay, so we're gonna go over that in the live markets here. We do it Monday Tuesday and Friday We have live trading with Jay trader stocks trader on Wednesday and scoppelsenia futures trader on Thursday Let's go through the disclosures and jump right into the market 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 the risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and is not suitable for all investors Pass performance is not necessarily indicative of future results. Okay, so let's take a look here and Answer any questions. We're gonna look at the S&P many but we can look at whatever you guys want. So just let me know Good morning, everybody. Good morning. Oh boy Peter and Over in discord. Hold on a minute Let me get to the discord chat advanced webinar Okay, all right, so I think we're all set here guys And let's let's jump in here All right, so what? Tony has a low hot Tony. All right. Good morning You got the SI indicator because Scott's educational course excellent Yep, excellent glad you glad you like it. I'm glad you're playing around with it. Ask questions, Tony We're that's what we're here for there's a whole lot of information Not only from Scott and the advanced webinars here, but on our our knowledge base as well Okay, so Let's let's take a look here. We can see our opening is rather flat here in this S&P and In the order flow here just some back and forth here at 9 30 a.m. And and we see a bunch of sellers coming in now And bringing it right back down to the low here And pre-market low just just kind of testing that right now around this 3770 Area here, so I'm pretty curious here to see if we can see if this is gonna be leg one and then leg two here On the sell side, so let's see if we get enough sellers here if we do I'm looking for a continuation All right, so there they go. There is a seller. So looking for the continuation down to let's see if we get down to 60 55 let's look at 50 as well Typically around these half figures down around 3750. We see quite a bit of liquidity right not right now There's some of course, but we're looking for more. All right, so Anyway looking for the continuation here 770 or 3770 and then on down into other areas of high liquidity. All right Good morning Geneve and Diego Okay, so Simple reading right off the bat guys. I'm just looking for this to continue and we can talk about this trade management in here As well, so we were looking for the move down to here and the and heavy selling to come in and then looking for Continuation right 60 is our first area here and then you know consider taking some off down here Stop should already be at break even Okay. Now. This is just a consideration here for your trade management Because you don't want to give back you want to capture something And and try to let it run for you. All right, so And and and this is just one way to trade Okay, but we're reading the order flow and I do we do want to go over something in here On on trade management We can go through it more in-depth if you guys want but we're here to go over order flow and Reading and understanding what book map is visualizing so that will give you an edge Okay, the trade management and all that kind of stuff that comes next. Okay, that comes with your trading style And how you want to have that work for you? Okay, so right now look I mean you can see the buyers coming right back at it, right? So it never got that down to this 60 level yet And then we see just a pullback here. Okay. Now. Let's read even even with this move in here, right? We were saying let's suppose you're still in it. All right, and you haven't taken partial profit But your stop is right here at break even All right, and now if you got in at the at the break here You would have been stopped out at break even Okay, well we go over both scenarios in here And I'm gonna go over it quickly because I do want to I don't want to focus so much right now on this kind of myopic view here We want it. We want a bigger picture view and understand order flow here But we'll go through a couple trade management considerations here. All right, so first off when we look for these continuation moves Here's what we look for Dominance on the on the sell side right them moving the market. They are in control of this market at this time And are we getting that not really? Okay, so here's why and we go through this this exercise all the time So get stopped out at break even look for actually even a potential reversal here Why look at the order flow shift or potential shift here look at the selling here Look at the buying here Okay, it's rather equal look at the bars that I have down here as well as the dots in the size of the dots Look at the comparison. We can look at also the volume in balance here is actually skewed to the upside There's more buyers in here right now Okay, so don't you know get fooled into or you know stubborn into holding Something we're looking for that continuation. It did continue it didn't come down to fifth our 15 or 60 Target okay, not yet But in this case here, we're looking for that order flow event to continue And then we started to talk about trade management getting stopped out at break even And then looking at the bigger or this move in here Okay, now this move in here. There's there's selling over here, but look at the buying coming in right? So we don't really know In fact, there's even more buying coming in right we this what we want to see in this move here Let's just cover it that way what we want to see in this move here is dominance Hey, we're not getting that look at the buying pressure starting to come in in these areas in here Okay, so Once you start to see that it negates This this move and that you know where we were talking about 70 in the breakdown below Okay, and potentially going into 50 60 and then 50 Okay, well the order flow shifted and changed here and we can see it. It's right in front of us Okay, so actually let's zoom out and let's see if maybe we get even more buyers in here in the bigger picture Okay, and then come up and test 78 up here Okay, so Yeah, yeah, and we right now that this is you know Do we have an edge and that's what we wanted to determine and the edge in here is yeah You can see the buyers coming in and coming up to test this kind of 78 ish or 77 to 80 area in here Okay now Yeah This is what I want to cover though is is this volume in here Versus this volume over here Okay, so we're looking for an edge. We will we are looking for in here We want to see a low volume pullback and continuation of the of the move We're not getting that okay, and we saw it in the volume Okay, so we're looking for something else at that point Okay, now do I see a reversal taking place? No not yet. Okay, but it has the potential For it, so we're looking for maybe a pullback Maybe maybe we get some exhaustion on the buy side here We will see if we don't get the exhaustion here on the buy side then we're looking for back up into you know 78 and in 77 through 80 area here. So here comes our pullback now Okay, so looks like it'll probably pull back to 71. Hey, it just did because that's where the liquidity is right here okay, so And let's see if we get if we get more buyers back up here now Well, then we got we got something. Hey, I mean we need to see quite a few more buyers and we want to see the bid chase As well and strengthen on the bid Okay, another potential pullback is probably here Look at the liquidity here at 68. So, you know, maybe that's a good area here all right, so Anyway, not what I'm basically going over here is we don't see an edge yet. Okay, we're looking for Is this going to reverse and we don't really know right now We're looking for the strength here the commitment of the buyers or sellers in here And we're not really quite getting any insight here at the moment. Look at look at our bars again Sell bars by bars sell dots by dots. Okay, so now look at the sellers compiling in now Okay, so now let's compare again In these areas, we were just looking for pullbacks in here And if they if we're gonna get a potential reversal, okay, or a test up into this kind of 78 to 8 77 to 80 level here. Okay. Well, we can see sellers coming in just hitting the bid hard here Okay, now let's take a look here. Okay. This is where the sellers came in and dominated right in here Okay, in this small time frame, they are in control All right, so let's see if we're getting a pullback now If we get more sellers here again. Yeah, here they are. All right. Let's see the sellers try to move it now Back down into our 60 level and maybe through it here. Okay, so there we go again Let's see if we can get these sellers to come in Okay, now one thing look at the bid here see the strength on the bid Okay, that's not good for us if we're looking for this move to come into 60 So do we have all the pieces here in a in a really high probability outcome of this? insight to the downside here No, not really in the sense that the selling is strong that's good, but the bid here is strong too Okay in the order book all right, so We're looking for that continuation If we can get it sellers still dominating here and they're being tested by the buyers Okay now so far This is a low volume pullback so far Okay to 68 and three-quarters here. Okay now here come the buyers to test that Okay, it is still a low volume pullback still Okay, so anyway, let's go through a few scenarios here. What if we get sellers right here at 67 and a quarter? All right Let's see it sellers Let's see if you can drop it now and then look for a move back down into maybe 64 and a half And maybe deck down into our 60 level here. Okay lower high here Still no real insight quite yet. So there's buyers in here. We know that Yeah, nothing nothing shaken Okay So this could be a false breakout though. Let's take a look at that scenario here. What does that look like? Well, we look we look for sellers here at 69 Not seeing it still seeing seeing strength here on the bid down in these areas here And we're still finding some buyers here Okay, we'll just not getting an edge right now. All right Well, anyway, we're as we wait for this kind of this to see what might unfold here We're starting now. We're starting to get our sellers here. They come. All right So now we're looking for our continuation here. It's this is hard. This is a hard market at the moment here Because look how quickly this comes in and moves Right. We're looking for insight basically and we're looking for those sellers here. We didn't get them. We got them here Boy, I could go over this here This is classic stuff. We've seen so many times over buyers in here smaller Or lower highs in here Exhaustion at this point up here looking for our sellers in here and then looking for the follow-through down into 60 I mean, we see it again and again We were looking for around this kind of 69 area here to be the have those sellers show up And they did and just moved it really quickly All right, so a hard read in the order flow there We still know there's buying pressure in here. So I don't think we're in a really What do you call it? It's not such a clear day here at the moment Okay, like who's who's really controlling here? Anyway, let's let's what I want to do here is that we're trying to read and trying to get something here shaking and Let's let's just jump back and look at our higher timeframes to begin with since it's the start of a new week here And let me get to some questions as well. All right. So here we are our daily on our candlestick charts here and what we want to understand is order flow on these higher timeframes first And we're going to go through the basics okay, and What we're looking at here In the daily on the left here. Well, you can see the kind of move up into these this pocket here from Back on October early October the 6th and the 5th And then we just came up into that today and then we can see we're starting to sell off here. Okay, so there's still sellers up here This right here just on the daily chart is exactly the same thing We were just kind of looking at on the smaller time frame Sellers here, but buyers strengthen here Okay, so a move up into here and some profit taking on the sell side or buy side here makes some sense We may see a breakout here if on the daily we can get back up here and see a tremendous amount of buying up around this 38 and Let's call it 38 12 or so Okay, and then look for maybe a move up into like 38 and 77 something like that All right hourly chart. Let's take a look here in the middle Uh, so we came up and uh, yeah, this is a typical behavior We kind of look for is there we know there's some selling tails up here We look for some profit taking as well as sellers to come in here and to support it Which they are it seems uh, so we're dropping down Uh, and can and drop down to about maybe this 45 level here. Maybe maybe even lower. Maybe even down to 13 or so Just looking at the hourly here now, let's look at the 15 minute here on the right-hand side Uh, all right. We open up here and all over the place Uh, the move down now Into this little pocket looks really good. Actually, uh, 47 ish. Maybe a little bit lower 40 ish Um, looks pretty good. This is a strong move here on the 15 minute chart So let's uh, let's look at let's see if we can get our continuation now Okay, let's see if the sellers can hit into 50 here Okay, this is we have to be kind of careful here at 50 these round numbers Um, because a lot of times you see a lot of profit taking before them as well as maybe buyers front running and moving things higher here Okay, but the order flow move Let's just go through it. Yeah Okay, here's our strong sellers Okay into high liquidity on the way down. Here's our second leg Yep, still looking for sellers then And a move into 50 and then our 47 And maybe 40 Okay, now that would that would be on the higher time frame that we're looking for that move Down in here and this is exactly why we want to be careful down here Now we see these these buyers always coming in Typically coming in before the figure All right, so where might they pull back to this looks pretty good here 60 ish 59 60 Uh, maybe a little bit higher to uh 63 Let's see. Oh boy. You have a lot of comments here Uh, and Diego you have a question. What traded volume Users would you use for the absorption indicator sweeps? in um I would play around with it in in bitcoin Uh, so let's we'll just jump over here for a minute guys. Uh, I'm looking at bitcoin uh, uh Binance futures here usd t and For the sweeps and absorption indicator The best thing to do I think to find out what settings first off it depends on what time frame you're using Let's look at the sweeps indicator. Okay and We will look at A hundred or greater and we're getting very little in terms of sweeps Okay, so let's um Let's bump up the Maybe to three levels and let's bump our Bring down this to maybe 50 and let's see what we get Okay, so we just we're trying to read in here and get something out of it here Now I have the liquidation indicator on as well, which I I really like But uh And we do have something that will be really soon an update to that Okay, which uh, it was is excellent. Um Yeah, I'm still getting too many here. I think and and not not too much insight yet Uh, Diego is I hope this is answering your question. Uh, so let let's um Uh filter for maybe a little bit more here. Let's bring it down to 25 and see what it looks like Or we can use the automatic mode here. Maybe this is better Seeing that brings it to 79 Okay, and then we have fewer in here Let's zoom out a little bit But we're not getting too many sweeps Not not really except for this one just just now uh to the downside Uh, that that looks pretty good Yeah, it's pretty choppy in here Uh, we see getting these kind of small sweeps and then you know back in the range basically So right now, uh on both sides, you know the purple here are these are It's basically like a stop Cell stops, um And then These are by stops here to the upside here basically something like that All right, it's an order book sweep that we see in here And so kind of a nice little sweeps in here, uh and also this one here Uh, and then just reading it in here just to kind of you know zooming out looking at what Might give us uh insight in here play around with it to get uh, you know something that works for you Maybe you you bump up the um Uh the levels in here Okay, you want to see it sweep several price levels For example Yeah, here's five Now now it has to go through five price levels in here to sweep You'll note how these sweeps usually take place at the extremes Um, you know, it'll kind of sweep through an area and then exhaust out basically And this is order flow phenomenon that the sweeps captures very nicely Anyway, I hope that answers your question Diego like uh, just keep keep playing around with it until you see something that Uh starts to give you some insight like what insight i'm getting on this setting here is like there was some sweeps up here and some sweeps down below Uh in this uh current market. So Maybe we can see if we Get exhaustion on the buy side Maybe it comes back up and tests up into here and then rolls over again and sweeps again to the downside or Maybe we see that uh, this was huge liquidation event and sweeps and we come back up here Maybe we can get back up to the top and other side back into these areas up here. So This 19, uh, 350 area, you know something like that. Those are the two scenarios that come to my mind immediately With the sweeps indicator Okay My re-centering let's go back to the es here guys. I'm kind of curious to see what unfolded here Yeah, so you know that we know we knew that there was still buying pressure in here Um, but the the strong move was the sell side here, right and we also knew that like You know, we're we're likely before we get down to the figure here Uh likely to see this kind of profit taking and uh and buyers coming in front running it Okay, now they've come up and tested here now. Let's look again at the strength of these moves in here Okay, so because here's the strong move on the sell side And then here's the order flow. I mean it's it's it's very visual here Okay sellers sellers sellers buyers in here now the buying isn't bad, but there's still more selling than there is buying here Okay, so um Anyway, the buyers are having their their day with it or they're fun with it for right now Hey trying to get it. Maybe a squeeze going here Back up to where these sellers took control Yeah, book flip at 60. Uh, oh boy. Let's take a look Yeah, order book's pretty strong in here On the bid Okay, and they were getting filled in some of those areas and then here's kind of a Flip from bid to offer in here Okay, Diego. Yeah, so yeah, I guess that was uh, that was good for you. Helpful Okay tesla breaking 200. Thanks Ahmed Let's jump over there quickly It's a pretty big down move for tesla now guys. Here's here's a beautiful flag pattern in here sellers Back and forth in here and then sellers again Okay, now the buyers are coming back in so it broke into 200, but we're back up above it here Okay, but This is on that on Ahmed. This is great. I mean look look where the sellers took control here Uh right up here at 202 On down to 200 big big buying though here on the bid big selling into it more selling pressure still below it here But buyers are now back up above it. Okay, but let's just look at still Who's in control in some of these moves here? Right sellers are still in control from up up here Okay, now we're back through this area here Okay, and retesting some of these little areas here And it looks like it wants to retest and the query is up here at at o3 Okay, now look at the this is still a low volume pullback in here Okay, so You know we can see that although we broke this little swing here sellers are still in control from basically up here. All right, and Uh, yeah, we're seeing some buyers come in but look at the volume in here Still sellers still remain in control in the move All right, we'll come back and revisit this one. This is an interesting one So we're not seeing like any we're not getting quite, you know Uh the clarity we're looking for in some of these moves. Uh yet even here in in tesla Okay, so we're kind of um Seeing it all over the place still here So it makes sense our s and p is kind of all over the place here as well Okay, pretty strong buying coming in All right. Well pretty pretty strong buying. Um Let's see if we can get a pullback and maybe extension move up into 90 And let's take a look at our bigger picture. It's kind of all over the place here too Right, we saw the strong move Uh on that 15 minute down into Well, we were looking here and we didn't even get to it 47 And then maybe 40 down here, right? And uh now we're seeing buyers come in right so it's kind of all over the place. Um And we're not getting too much clarity out of it right now Okay, I do I do like this actually right now Um, would love to see this come up into look at the bid is strong here So looking for buyers in here now if we get them I'm looking for them to hit 90 Okay, let's see if they show up Right in here So this is right our strong move Consolidation followed by the next strong move Here we go. Let's see if we can get our sellers our buyers in here Nothing yet. Let's see if they flush out some of those uh buyers on a pullback into 78 maybe a little lower here 76 and a half All right, good. All right. All right. Now we know still This is the strong move Okay, we're getting a pullback here Okay, again looking for buyers in here We're not getting it exhaustion is right there guys nothing now. We're all we've retraced all the way back down here Okay, I'm looking to see if we can get our buyers back up here at 78 and a half And let's see Here they go A little bit more All right, let's see it looking for buyers here on up 78 and a half No, I'm not seeing it not yet Here we go Okay, there's a pullback there Yeah, it's worth a shot. I mean this this is not a trade recommendation But an order flow event here looking for buyers to start to take this back higher again on up to top of the range Okay, seeing the buying coming in looking for here's leg one actually and now looking for leg two on up into 83 Okay, and then potentially our 90 level here Okay, and why why are we looking for this? Okay, we're up at the top here and That's not good, but we do see this kind of we're leaning on this strong buy volume in here Is what we're what we're looking for here? Okay, and then continuation up here. All right. Here we go retest back up here Let's read the order flow and the structure here. It's the structure as well. We want to read on these moves All right, here we go buyers. So Looks good. There's our stronger move We're looking for the continuation Okay, we're looking for this flag pattern to Continue on up into Our 87 and 87 is coming into the book now, but 87 and 90 Let's also take a look here. I mean, that's the order flow event. We're looking for and we're leaning on this volume in here Still Okay, let's look at our higher time frame though and where might we be going here the 15 minute chart ah You know It basically we'd we'd look for those buyers to to come in and move it all the way back up to about the figure here at 3800 You know beyond 90 At least that's what we see on that 15 minute chart Kind of a tough day uh so far I mean, we know they're selling pressure here in here too. We know there's buying pressure in here as well I mean, it's there's both sides and it's been pretty equal and we started the webinar event Off by by noticing that And it's still continuing Okay, consolidation uh stan. This is a great question. Actually, I I really Enjoy doing this in book map here Um in a consolidation like this in here First off we want to we look for like, you know, who's the stronger participant in here? all right, and You can see that We are looking for that This next buy move on up. It's totally failing here If we're below this the strong move here and sellers are taking it down Okay, we may get if we may get kind of a dip below and then buyers back up above here And we got to look for that scenario here Okay, because we know they're still buying pressure in here They may be heading for the doors though if we can get more sellers To hit back down into 70 and below Okay, so this is our pivot right here at 75 Uh the consolidation in here. Well, I mean we started here Stan this answers the question Um, we started here With the when the buyer the strong move to the upside here now. We know that's also a lot of stops in there But as long as price accepts above this area here at 75 they remain in in control of the move And we saw again the these buyers here They broke the high But they could not continue and then these buyers in here looked really good for the move to continue on up At this point and then they just kind of exhausted out. We see the sellers come in And then hit back down into where it began from and then that's where it broke and retested back here at 70 75 We got to see buyers back up above 75 for this to work Right now sellers are are are taking it down here Okay, so this is the critical area here at 75 And here we go. So see how we're right back again All right, I I I would take I mean, you know, it's not a trade recommendation But I'd give this a little pot shot right here on small size uh looks like um The buyers are they're back in we see the buying pressure Let's see if we can get back up to here and then maybe that breakout up into 90 now It's this is not high probability. Um, and um It's more of like can these buyers come back in here Above the 75 and take control here. So here's our leg one First move and now we're looking to see if we can get our second move Up into maybe 80 first to begin with here And we can't we're the sellers are they're taking control down below here right below here Yeah, so this this We're not really getting an edge in here basically So anyway, that would have been a stop out and For for a small loss in here because this should work immediately if it doesn't Then uh, it wasn't ready and why why take any more risk? Okay, we're looking for these moves to work. We're looking to see for someone to take control of of the market at certain areas Uh, and if they don't then don't take the risk Take the risk off immediately Yeah, um rare, um We'll go through what we what we consider high probability Um and that in the different scenarios in here and when those scenarios play out then then we uh We're looking for the move to unfold Okay, so like right now It is All right. Well, let's just go through a scenario here. All right. So sellers bring it down to the bottom of the range They're on the offer here. That's good. We want to see that if we're gonna get continuation to the downside so that's good, um And I will get into the uh consolidation stand because it's a really good question. I want to go through it in detail Uh, let's answer this one first and I'll get back to it Um, uh, so this is good. We want to see that on the offer here And we want to see them pull on the bid and we want to see lack of buyers here low volume pullbacks basically And more sellers to come in now. They're doing that. So let's see then we should get more sellers here Okay, we should And then we get it. We'll get the drop into uh 65 or these look this liquidity down here Now one of the things that we talk about in here that does not help our probability is look at how dark it is in here Right. So rare what I'm trying to say is the buyers can very easily shoot back up into these areas and retest Okay, and we want to see this on the offer up here Not only stay in the book. We want to see it drop even lower that they want to they're like kind of pushing it lower here We don't see how they're on the bid here. We don't want to see that Right. So this is what we are looking for here Okay, is different because we're looking for maybe more sellers here to bring it back down into these areas We have the offer here, but we want to see them move the offer down and here's what unfolded Well, they came in on the bid We don't we don't see sellers here Okay, and they're they're not really here on the offer. They're only up here. They're not chasing back down Okay, so buyers fill it in And we don't see sellers here yet And they may come in Okay, we said we see them on the bid here, right? So now what happened is We're getting this kind of uh, uh, you know buyers buyers take taking that up and filling these areas back in okay, so And is this high probability? Well, this is a heart. This is where it's harder to read in this kind of choppy environment What about them on on this move? Are they supporting it higher? Well, they're not really on the bid Uh, they're down here still so sellers can still whip it right back down into here Okay Right when and we will see when You know, it really kind of hits you over the head in the order flow that the market is strong And it is higher probability and is due to the order flow It is due to the conditions of the orders and the trade participants the traders in here Uh, they basically kind of tell you that uh, well if there's enough buyers in here the sellers They're not going to tangle with it. Like it's it's a strong move Uh, so they'll pull on the offer. They'll you'll see them support it on the bid You'll see a lack of sellers down here Exhaustion basically there's no action And then we'll float back up here and find more buyers to push it higher Those are the things we're kind of looking for in here And Have you heard of like, uh, let's just you know something so visual in Volume profile is a strong or i'm sorry a weak top or bottom Okay, a weak top or bottom Is um, let me show you here An example of it or you know, here's our our b-shaped profile, right? so More transactions down here Less up here see the b. Okay, this is the stem and this is the the b belly part here Okay, and uh, and then what you're looking for is really not you want you see your high volume node down here basically And um, uh, it means that wow, there's a lot of activity down here It will light and it's a weak bottom because what it means is it will likely break Okay, so we want to see a lot of selling down here. That's an that's a scenario That's a scenario in volume profile that you look for Okay, and see how we're just all over the place here sellers came in buyers back up above this area back up to the top of the range again All right, so we're we're trying to um, look for something that gives us some sort of insight or edge uh, and um We're not really seeing that in the order flow right now Okay Sellers come in We lack of follow through The buyers start to come in You know, we're not seeing much on the bid down here But buyers take it up to to 75 now. We're back up above our 75 level Okay, and we see some buyers come in Okay, now the buyers have tested back up to 80. That's what we're looking for over here You know and want taking it. I think we were saying in here take a shot at it To come back in because we're above this area here And this is this is very very choppy in here All right, so now now we're starting to get some direction here and we're looking for let's just zoom out Okay Well, let's see. Do we have that strength up here? We have this to lean on right here. Let's let's let's go through a higher probability scenario then Okay, they're on the bid here. That's good, but they're starting to pull Here come our sellers right they'll likely take it back down to here Hey, 78 and a half liquidity is there Okay, and just looking for sellers to test it down here now the let's see here. We get some insight from here the stronger bid Do we get buyers? The reaction to this it's all over the place. They're on the offer up here more strength on the offer And now what's the reaction to it? Well, actually it's kind of kind of interesting to see some buyers interested in this liquidity here That shows a little bit of strength on the on the bid here or by the by the buyers Okay, still don't like it Let's see if we get something here. This looks better Here's our bid And we got sellers into it. So that's not high probability right? We saw we found sellers here So we're not You know, we're not gonna we're not interested in that We want to see this bid scare away the sellers Okay, so this move and and kind of fill in this this area down here is Is not out of the question Right, that'll keep you out of that trade And now we're right back up again Yeah, this is this is a very choppy and kind of a dangerous environment in here So I hope that helps rain. I mean and it It basically what we're and I think a lot a lot of traders come into Bookmap and order flow Looking at the charts here as being maybe some sort of What I want to call it You know some sort of like, you know Indicator or visual that tells them to buy here and sell there It's not like that What is what is giving you insight is insight to the participants in the market Okay, so what we're getting insight into is There are sellers here and they failed to bring it down lower so far So we might if we see a strong bid and we get buyers here They will bring it back up into the range and maybe test up here at 83 84 or 87 Okay, so that's what we're reading is the auction Okay, the order flow here in the auction And that we know that these are potentially trap traders as well They will be buyers up in here and we'll look for a stop run up into 84 Okay So that's you know, again Not by by reading the auction in here and book map is giving us insight into the auction Okay, not that it's like, you know Oh, there there's there's heavy selling here and You know therefore we're You know, this is this is the red light and we're looking for you know, the the the green light or You know for the the continuation or whatever it might be It's it's the condition of these Traders here Okay, it's it's really a different mindset here We're looking at the traders in here in the auction Okay, it's really like having a front row seat at like, you know going to um Oh, I don't know like a Barclays or whatever it is and You know reading an auction And with people with the paddles putting up the the sign that they want to be buyers or sellers and you're reading that You're reading like, you know, you're reading. Are they like really putting their hand up high and like, you know Oh, they really want to buy they're standing up in their chair like You know with with with two hands and and there's multiple buyers Doing that. That's what we're reading Right. That's giving us insight and then Are we finding that people are chasing it and that that? People are buying Well, then we're read. That's when we got some order flow and we got some insight. Wow. This is strong market Okay, well, let's ride along with those guys up into Where the sellers are up in these areas here. That's what we're reading How would you trade this? Well, we're going through those um We're going through those trade examples Okay scenarios Okay, and most of them here are Is doing nothing Right now Yeah, okay, um stan. This is a great question. So let's let's read the auction in here Okay, let's maybe we'll just zoom into a smaller time frame And we'll go through market mechanics. Uh, that might be a really good exercise We do this all the time and that that's basically what our, um Uh education is all based on so rare in fact, um, thank you. I really appreciate that comment that we're consistent with this we are uh, and um This is it and I'm I'm totally convinced of it. This is just how the market works And and uh, uh, this kind of education is very different than others Uh, that are looking at maybe, you know exclusively some sort of trading system Like volume profile and then putting some sort of like oh, it's the it's the poc Well, what's the poc in the order flow? What does it mean? Well, you know We'll we know what it means in the order flow You don't have to kind of like just take a leap of faith. Um Uh by by someone's system and definition of that system Okay in the order flow, it's a high volume node is the most traded level It has significance only because most traders believe That this is the value area the fair price for this instrument at this time So if that is true Then what are we looking for to tear away from this? Um magnet here Okay begs a question We're we're looking for heavy volume to Tear away from that area. Do we see that? Well, we have the potential right here on the buy side right now, right? Okay, are they on the bid here? No, they're not So we could whip right back down here and test down into here Okay, now what unfolded it traded right up into here because these buyers they lifted it All right, let's just zoom in. I think we're going to have more luck today with the smaller time frame Okay, there's still more buyers in here, but look at this area in here Like likely it's going to go here this liquidity likely Okay, but I just don't see a lot on the bid down here either Okay, but the the buyers are still coming in Okay, likely it's going to come up here to 90 Okay, now let's just read it in here. Okay. What are the traders here up here think about it? Okay, well, what about buyers? Are they able to trade it up in here? No, here come our sellers Okay, can sellers trade into and through 86 Here come the sellers. They should be able to hit 86 There they go Okay, now they hit 86 now. We're still above it now Let's see if they're buying interest here at 87. No Not yet. All right looking for continuation then Continuation on that sell side. We're looking for buy interest here. None sellers. All right, 80. That's what we're looking for Right liquidity is down here at 80 On these really choppy days like we can zoom in to to the the lower time frame in it And we that's where we do have a little bit higher probability All right. Now again, we're not getting much out of the order book in here. It's really the aggressors here They're just whipping it back and forth between these areas in here Right, even on the stronger move in here. Look at the bid, right? Yeah, they're kind of following up underneath, but it's not a whole lot Right, and that's why the sellers can come back and fill in that area again Let's go through some of these binary kind of or you know mechanics in here. Look buyers up here buyers. All right Did they buy up here again? No Okay, this is looking good though. Can we retest back up here and find buyers? Let's see Okay, if we don't and we see sellers here, I'm looking for the sellers to take it down Okay, more buyers. Okay. All right more buyers. All right. Let's see them move it now up to 90 Looking for the move up into 90 by these buyers here now Again, is it high probability? Not really. We don't see much in the bid here Okay, we just the order book can be filled in very very quickly by aggressive sellers Okay, but there's our move up into 89 and almost almost 90 here. Okay one take away from it Two takes away Sorry Okay, so and here again a strong move, right? buyers Okay, let's see them there. There they go uh, and All right, so I think I've gone through a bunch of different Scenarios in here and we'll continue I think at these lower time frames today And go through maybe more market mechanics today. It might be a good good opportunity to do that Like reading this auction in here very very quickly And then this is really kind of hyper scalping in a sense, but You know just reading it again Okay, so here sellers in here buyers starting to come back in but looking for again sellers here I'm not getting them yet If we do though, I'm looking for them to take it down to Yeah here 85 Or maybe 84 and a half Okay Now is that likely to happen? Well here where where are the sellers here? Nope Okay buyers likely to take it back here to 89 then There they go Okay, just 89. That's it Okay, that that was all we're looking for Okay, now what we're doing we're doing the same process here Uh, and we're just doing it on a higher time frame And now we're doing on a very low time frame Market mechanics again, okay up into this 89 level buyers again up here Hey exhausted here, but we find them again here Okay, what about down here more more and more buyers great, okay And now we see a little bit of softness a little bit of selling here. There's our exhaustion. Okay sellers take it down So there's our exhaustion and we had some sellers here now We can get the sellers to move this back down to these lower levels here Okay, and there's our and then look at the offer Okay, they came in at 88 Now do we find buyers take them on nope Okay, so there's our shoot back down into this level here at 86 Okay, maybe they can get a little bit more selling here and let's see if they can press it And hit a little bit lower here sellers and then 83 and three quarters boom Okay, makes sense All right, so let me go through this example in here to extrapolate it to the higher time frame. It's really important. Um and And we can if we zoom out here We can see we see we're still just all over the place in here here come our buyers here come our sellers here come our buyers The pivot point is right here above or below this line right here At uh at 86 now whereas previously it was 75 Okay, now we're seeing sellers below it right now. Okay. Well, let's see. Are they gonna hold? I'm not finding buyers yet Okay, now now we have potential Do we get enough buyers up here? No Okay, now we're now we're starting to okay bid looks pretty good as well All right, so yeah bid is looking better. We're getting some buyers. Let's see them trade up into 92 Okay, 92 93 Now there's some weakness now. There's some weakness. They're attacking right here. Look at the look at the pivot point again right here Okay at 87 Okay, so again, they were just all over the place here on on these when we zoom out a little bit The smaller time frame is making sense, but the this kind of a little bit higher time frame is not making much sense It's just it's failing. It's coming back. It's retesting etc So what do you do on days like this? Well, I mean if it's not on your time frame and your risk parameters Do not trade It's telling you when not to trade Okay, because we're looking for something maybe maybe we can zoom out to a much higher time frame So lower time frames are working. Let's see if what about our our higher time frames in here if we zoom out not not just the uh, kind of Day action in here. Well our 15 minute chart Yeah, I don't know. I'm not really seeing too much here It's just been really kind of chop back and forth here above a blow or right back in the middle again Our hourly chart it was it opened up strong and it and it's tested back into these levels and we're right back up here again Okay, our daily chart looks pretty good We've already tested up here to this kind of 11 Or 12 area here, but we found some sellers up here Okay, but we're still green for the day up here in fact on the daily here's you know It's kind of all over the place. I mean strong selling over here since back on uh, you know early october the 6th and and 7th 8th and then We Break down below we find the buying pressure and we see the move back up here We get a pullback and then another retracement up here again Okay, so what we're looking for up here on the daily is we're looking for quite a bit of buying to to lift this higher If we do get that quite a bit of buying Then we're likely to test back up into Maybe 82 or 3900 Maybe even a little bit higher 33 on the daily So we'd look for an extended move above our 12 level here Or 20 level somewhere around there All right, and on the hourly in the in the 15 minute. We're not really seeing much right now So yeah, our higher time frame really isn't giving us too much At the moment A nice reflex is on the spam. These guys are just relentless in here um Yeah, that's why you don't touch the middle. Um captain price. Yeah, yeah I mean Don't try to curb that fee that feeling that you need to trade I mean, we will go through the order flow on all time frames because some of you guys are scalpers Some of you guys are are just day traders. Some of you are swing traders in here All right, we want to go through all of them for you Uh an order flow on all time frames in here, but it really does start at the very very Basic levels of the market and the mechanics in here Right this this in here tells everything Uh, so Here's exhaustion down here on the bid Okay, the red dots are market sell orders green dots are market buy orders Green line is the best bid a red line is the best offer. This is all of the price action here Okay, so what is it telling us in here? Well first off Down here we have a lack of sellers So this is basically now. I know it's only a couple of points or ticks in here But it holds true This is a mean reversion trade back into the mean here and it tests kind of the other side here as well Now it actually got a little bit of trading here on the other side. That's bullish. Okay Uh, was there more though? No Okay, look at exhaustion up here Sellers in here a little bit of selling here. That's bearish Okay, you can see it's just this little range in here is not giving us much now if we had big red dots down here We had our exhaustion here it tried here it tried to to to trade higher and we this is the scenario to go through Okay, so let's go through it um If we have our big red dots here, uh, and um Uh, then we'll go through the um the order book. Okay. We don't want to see much here on the bid Okay, big red dots here. Uh, we don't want to see much on the bid uh on the offer What if they come in and and throw a lot of orders in here? Okay, and and what it does The um reaction is some sellers more at a lower level We're looking for it to go lower and we're looking for it to establish a new range. We talked about. Um, for example measured moves uh and Like this move here Okay, this range And we could look for continuation Down to a new range and establish a new trading range Okay down here Okay, because sellers are moving it away sellers are are moving it away from all of this activity up here These are the scenarios to go through Okay, and then now uh I wanted to get back to um Stan's question about range trading Uh, and uh, I mean this isn't right in front of us as well Um, so the and I will get to the icebergs as well Hi guys, so um hang in there Uh, Chrissy you need or Chrissy you need the um Bookmap global plus version for the sweeps and the absorption indicator Okay, so anyway, we would look for this in here on this move in here Our strong move on the sell side Down to our measured move And establish a new range in here and then we'd probably get a a pullback Down here and we'd look for actually, uh, what we'd be looking for here is liquidity On the bid down at this level Okay, and to get filled Right and establish that new range Uh, and then we'd look again for maybe a low volume pullback Okay by buyers Back up to about here All right, and if if um, uh, we don't see it We probably get something like this like a um a little double Top or you know something like this and we get an exhaustion up here on that buy side Okay, then And this is a low volume pullback more sellers than buyers Okay, they're still on the offer here. Let's suppose Okay, these are the scenarios we're going through Then we're looking for our sellers to come in not not here Here and to drop it below that area now once we see that in here We're looking for the move to continue Or at least down to the bottom of the range and then maybe second leg Okay, because they remain in control All right, so and then that would be also your flag pattern And start maybe a start of a trend trending market Okay, so there's a scenario to go through Okay, and understanding order flow Let's clear all this or if you want to take a screenshot you can uh, and Yeah, and I mean it just repeats again and again. I mean you'd be looking for high liquidity down here To get filled All right, maybe that maybe they pull here And then add more on the offer as well All right, so anyway That's a scenario to look for okay now. What happened in this market here. Let's take a look Okay So what range bound range bound some selling in here some buying in here is really we're not getting too much out of it Um Let's see. Can we get more sellers here at 80? Let's see Yeah, okay back back into the range though Okay Back back here again. All right starting to look pretty good now if we get sellers again here Big red dot. I'm looking for them to take it down Okay, and We get a little bit in here. It's not too clear in here We start to see them come in again here and move it though Okay, so that there's our scenario. There's our move Okay, now that's a very small time frame It played out now. This is our pivot point here again at this point back up above this range here And this is what we've been seeing today a lot Okay, so it tests up above it it actually kind of tests it back up to here and Even back to here which is going to be a high volume node in here Okay, because of all that trading in here Uh, and it's just still that just kind of bashing around in here. All right now. This is getting interesting. Hmm buyers back up here All right I need to see a retest back up here with some buyers and maybe we can break out Do we get it? Still kind of bouncing starting to find them looking pretty good. I like it. All right buyers. Let's see you take it And there we go There we go Okay, so we're understanding at these in this range here stand um You know starting to understand that well, this is a break of a range Okay, also rare Uh and looking for that continuation of the move All right. Now your range bound trading um Is kind of kind of tricky. Uh, but you're basically looking for exhaustion at these edges Okay, like up in here Uh, there's a little bit of trading up here in here, but uh Um, it we just don't see it. All right, and you'd be looking for sellers to bring it back in the middle of the range This is zoom out. We're gonna have to find a better example And i'm really curious to see where the market went. I have no idea right now um And let's just take a look at our range Okay, well, this is a break of a range again on strong buy volume So we'd look for the continuation. We look for exhaustion down here look for more buyers up here again to continue Okay, so, uh, they're they're taking, you know, they're taking it away from these areas in here Okay, and be looking for it There's just more buyers in here Okay, now we're going to add the heat map in here now. It's starting to make a little more sense Okay, now they trade it up into this high liquidity here and that we didn't get buyers back up above it So this kind of stopped the market a bit right slowed it down All right down on the bid these slowed those sellers down down in here This is that context we talk about they're trading into high liquidity down here They can't seem to trade through they had the opportunity right here To trade back down below it And they didn't this is kind of tricky, right? I mean it's wide open for sellers to to take the slower And then we we come back up and we get kind of a um a move back up to the other side here Now here's your range bound possibility Uh This is what I look for in a range Uh in this range in here Okay, you can either use the same um Basically it's a breakout of a smaller range in here uh stand Okay, uh that you're that you can be looking for and the first area that you want to see a range Uh trade back to is the point of control or most I'm sorry the high volume node within the range Okay, and that would be right here so I I would have to see exhaustion down here Uh to be honest, I I would never take this one as a range bound trade They pulled that liquidity. We see some selling coming in here. They have the opportunity to drop this like a rock And they don't We get buyers back in and then there's not much of a range bound trade in here You know, you're only you only get like a few ticks out of it basically If you see the buyers in here to to bring it back up into the high volume node Now you could look though to for them to go the other side of the range But they got to get through the high volume node. That's the kind of last stopping point for there still could be sellers in here Uh, and then it it'll curl over and and and go lower here But you can see what happened in fact, uh here Um, it did trade to the other side of the range. Okay, so you could look for that stand Um, but uh, basically what happened here, too Is it it traded up to the top of the range came back and now it's bouncing off of support of that high volume node here Okay, so this is where in this very small time frame Again, we're looking at sellers taking control Okay, and are we getting sellers down here a little bit a little bit They had the opportunity to to also bring it back down here They did not and we see the buyers come back in again This is looking pretty good if we can get more buyers up here This is where you can even trade again. Um, range bound from inside out Okay, this is your inside out trade Also, this is more of a leap of faith to the outside of the range But this is inside out and then hold one for continuation So there's a few different is it's not only a range bound trade But it's also a continuation trade and you're set up for it Right now. Look what look what happened We got the breakout Into high liquidity up here at 85 and this these are what this is where book map can really help you You can consider taking some partial profits up there Okay, because we get a pull back here back to almost that high volume node in here It actually kind of shifted to a high volume node being here now, right? So, uh, anyway, uh, the this is still bullish Okay, this is still bullish here in this range in here because we still have more buyers up in here And we don't see the sellers coming back in yet Okay, now we're looking for buyers again up here and this is leg one pull back now. We're looking for leg two Okay, so if you took some off here and then you put your stop at break even somewhere in here Or maybe here you'd still be in it here You would have been out of it here, right and you'd have to look for your next setup Okay, it's still looking pretty good Still looking pretty good in here Okay, some selling starting to come in though now we're reading buyers and sellers in this range up here Okay, and we're also looking at the bid and the offer Okay, they're they're bidding up down here supporting up but down here Okay, which is still good though And then now we're getting our buyers back up here a little bit on the bid as well we'd be looking for the breakout and We would be looking for a stop run here, too. Okay, maybe back up into 88 And 89 here All right, so there's an anatomy of it starting with the basic market mechanics Um understanding ranges understanding volume within those ranges and then looking for a potential move Based on the order flow within that range Okay, does this make sense to you guys? I know we're going through a lot, but you can always go back and review this one Now, you know the the beauty here in bookmap is We we're We're not looking at a candlestick and it's like oh, it's a wick and it didn't come back down to it No, we're looking at precisely the traded volume We're looking at precisely the order book on the offer and on the bid and the context of these things Together, that's what makes this higher probability than other trading platforms Uh, and that's an edge Okay, so that's what we're um Evaluating in the auction process because it's all here. We don't have to we don't have to Come up with something uh It's it's so visual is telling us in here Right and once it starts to tell us something that's when we look for the the scenarios that we're talking about to unfold Okay, so and then we're looking at our targets and liquidity in here All right, so let's see what moved up into this high liquidity up at 90 And then sellers come in and pound it right back down Okay, so this market has it's still continues just to be all over the place in here Hey got the move though up in here. We read this pretty well on the on the smaller time frame On this time frame here. This is this is hard to read There's you know, you come back up in here. We see the buying coming in Sellers just pounded out of the blue too. There's nothing in the order book in here It's just sellers came in Bring it right back down to our line here at 80. We get a little we get a little bit of a bounce here at 80 Even on that smaller. That's why these smaller time frames matter And we drew them up in here And then we we we we trade through it, but then back up above it here Again buying pressure they take on these guys and more buying above it It retests back to it and continuation Right now. This is hindsight. This is easy, but we were reading this like not in hindsight I didn't know where the market went Hey, we're just reading the order flow and the condition of the of the um The participants and we'll do that right now Okay, so now we're back down here sellers They're below this little area here All right, let's see. Do we get enough buyers in here? I'm looking to see if we get more sellers back down here There's your pullback And there's let's see if we get our sellers here And pull up we want to see them pull on the on the bid, right? We want to see them on the offer here and we're not I'm still looking for sellers here to try to do leg leg two here Okay, we got leg one Now we're looking for leg two and in this little range in here. What do we see? Well only sellers here Okay buyers back up here and now we're back up where the buyers are Okay, well, they're gonna probably likely push it back to here or top of the range here Okay, now I'm looking to see if we can see sellers come in and attack it from here at 85 and a half right here If so, I'm looking for them to drop it right back down to here Okay, bottom of the range here or 83 and a half. Let's call it 83 and a half Okay, let's see. Let's see sellers in here. Let's see if we can get it. Nope There's some sellers Okay, gotta see them here at around 86 and a half Not getting it not getting it and that instead is the opposite Right the buyers are starting to pull it away from that area back up into 90 here All right now. Let's look at a bigger picture here. This is looking better for the bigger picture Okay, we have our european clothes. Just just uh unfolding now as well. We're trading up back into 90 We see some buyers in here Hey, they have the potential here for a move back up into 3800 here Hey, what about the bid? Well not seeing much on the bid Maybe sellers can whip it right back down to our level here 85 and in 85 even Low volume pullback rare is a beautiful thing. Yeah, we can we can look at it here Um, now this is kind of a low volume pullback now But there's a real real big important caveat in here. Where did the majority of this volume take place? Okay, right in here if we can get below that on sell sell side, you know around 88 here I'm looking for them to take control and move it back down to our 83. Okay, just like that Okay, let's see if they can do it. Let's see if we get our sellers here here 87 though not We we're not looking up here. We're looking for sellers here Right and we we can stay away from that Okay, now we're we're back up here and and The the um the buyers can can lift this they can take it higher I want to see the sellers these buyers be trapped. I want to see them be trapped right here Okay All right sellers. There you go. Let's see if you can move it Looking for them to continue moving it down 85 83 maybe down to Uh 82 and a half here Okay, leg one pull back. Let's see if we can get a leg two now more sellers right here at 86. We're looking for See how confusing it is we see high liquidity in here and we're getting buyers. So No, we're not going to get it. Right. Here's our order flow event right here Okay, so uh the buyers We have high liquidity in here and we're followed by buyers Okay, so that leg two is not going to unfold here Okay, now he pulled Now our sellers come in Yeah, it's tricky stuff. I mean They did get upended. Um the buyers did uh, but uh these sellers You know here here it is right here sellers here buyers back up above again this kind of pivot We're looking for control around it here and um Yeah, it's It's just kind of all over the place right now still Our low volume pullback uh rare is it like I said, I think it's just a beautiful thing. Let's see if we can find a better example We're just looking for a strong move followed by um So a strong move on the buy side here And that yeah, I mean this is look at the volume in here and look at compared to the sellers in here This is not a really good example at um That's what we're looking at I just want a picture perfect example for you Yeah, here Here's our our strong buying in here. All right. So in fact, let me dim the heat map for now Okay, look at that strong selling Here's our buyers coming back Look at the buying look at the dots This is our low volume pullback. This is outside of a range here Right Is it and this too is kind of that pivot line right here? But here's where the sellers take it And there's a lot of selling in here Look at look at the buying that came back here and retested now. They could have even come back a little further but they can usually Typically the first pullback on a strong move we look for is um this little area in here Kind of went sideways for a little bit and then dropped again We look for a pullback right to it right here Right, uh, and then we look for exhaustion on that buy side and then sellers to roll in again On the on that move and then we're looking for continuation of sellers because the sellers are Uh dominating the game here. There's not enough buyers in here and the buyers. Let's just pull away Okay, let's see if they pulled away in the order book Okay, they got filled here, but see how they're starting to pull This is what we want to see Look at they're on the offer here A little bit here Hey buyers could have come in and whipped it back up here Hey, but they didn't we don't see any buyers in here Okay, and then we start to see more sellers back in again at this bottom edge here We're looking for the continuation of the move here Okay, so that's what we're reading in here All right on the low volume pullback And you'll see it again and again and again All right, so that was around 10 15 And look at how choppy this turned into be or turned out to be even here And the the order flow it's all in here. It's all in the order flow Uh, and then we're looking for these things to play out one way or another It's just how the market works Uh and and understanding the mechanics here Like here sellers bringing it down. All right, so here's our low volume pullback potentially All right See see how that turned in now. We see buyers back up above it. So there's our pivot now. Let's see. Do they bounce off of here? Do we see support on the bid? No, but do we get buyers back up here? All right? Yeah, there's a little support. All right buyers should be able to take this back up into 90 here Okay Right here 90 90 and a half. Maybe we'll get our bigger move here Right, there we go. There it is right, so That was the scenario we we read Uh, we're looking for sellers and the pullback and then the continuation. Nope. They were upended by buyers We got the pullback and bounce off of it here Right here And then we're looking for our buyers to come back in and we we got them So then we're looking for up here this liquidity up in here. We got it Okay Make sense Guys go go back. Uh, please review. Uh, this is all recorded Go back and review. Uh, it's in here and um You'll you'll see it again and again and this in here is the You know kind of the fuel to the fire A lot in a lot of cases It's the the sellers in here if it's not a stop run We're gonna get our stop run because these are sellers trying to take it down And then here's our stop run. We can see it in here, right huge A beautiful one It's not it's not huge and this is actually now huge. This is a blip now compared to this one here. Look at that 152 All right, so here's our bigger move now is starting to unfold All right, this is what we've been waiting and watching for is the bigger move here Okay, so buyers taking control All right, now we're gonna get our pullbacks. There's still sellers in this market here Okay, there's our pullback now. Look at our move as well We have a stop run two stop runs and did we get buyers up here? Not really, right? So we got to be very careful on this move I'm still You know looking for more buyers to try to take it up to the figure 3,800 Okay, stop run or not But what we want to understand is this order flow in here Are we getting new buyers up here? Okay, is it accepting above here? If not and we start to see sellers come in here They'll take it right back down 90 Okay, some sellers into 92 or 91 and three quarters Stan did that help? Uh, well high volume node just remember it's it's it's that's where price has some value You know It's don't don't think of it as high volume node think of it as like there's a lot of trading there And it can trade back to value Okay, so that's what you want to read Uh, and you want to read like down here, right? We were being careful about this because of the stop runs up here Uh, and we want it. We want to see 3,800 Well, here's We and we know there are still sellers in this market. It's all over the place So, you know the to see this being a false breakout is Not not out of the question Okay, now where are we going here? Well, it's it's bouncing off of a high volume node Okay, it could still come back down here to 85 and it could still be bullish Okay, all right stan excellent Well, don't always it's not always about the high volume node either It's about time and acceptance outside of a range What does the market think of it? What are the participants think of it? You know like it could this could be a beautiful stop run And you think wow, okay. Well, we've we've covered it in here that this area in here is a strong move a strong breakout But there's a lot of stops in it What does the market think of it? Well, if you get sellers, you know back down below in here Uh, then they can move it back down to the bottom of the range down here Okay, now, what do they do? They're bouncing off of the high volume node Okay, so don't I just look at this as being what is the reaction of order flow around that most traded level That's what you want to consider not high volume node All right, I just I'm trying to um Uh Go over like you will use these definitions But it's about the order flow around the high volume node. We want to understand Okay, not just because it's a high volume node Okay, so order flow around the stop run here that we want to understand So a lot of times it's it's not a high volume node that you get You know and in a choppier market you will get the pullbacks more frequently to a high volume node Because it's choppy Typically though what you get is range bound breakout and then a new range Established you will not get a pullback to a high volume node Okay, typically that's why we draw our of these measured move and and rectangles in here Okay, and there's reason for the measured move. Uh, it's due to the order flow is due to all the previous range order flow Okay. Yep. Yeah, you're welcome rare. Yeah, I'm hoping this is making sense. Um We're uh it I was I wanted to um We went over the much smaller time frame uh, but um I wanted to Try to go over today We went over many different things, but I wanted to go over was These stronger moves and understanding the order flow after stronger moves What we got today was stronger moves and then a pivot And it was just very very choppy. So we come when we started that webinar off I'm looking for that and follow through and it's just all over the place. We see the breakout Down below it breakout down below it down below these pivot points here It is again down here retesting that pivot Right and that this is your low volume node in here And it's a low volume. See look at the sellers come in Okay, they're going to try to trade it right back down to the high volume node and if they can That maybe they can trade it back down to the and even more selling down here at 88 Then they can trade it back down to 85 or 84 bottom of the range Right still seems to be holding though and most likely scenario here in this Um order flow is the move to 95 now Right because it's still holding here We see sellers, but this is even a smaller pivot point in here sellers here buyers up above it Right they upended them looking for the continuation up into 95 Okay, and if we can and we get our strong move up into 95 This is where you have the potential to get to our 3,800 here as well Okay, so there you go All right, we're looking for it So up in here, how do you how do you manage it? How do you get involved into a trade? Well you You know if you see this event here and you see wow, there's buyers back up above it They'll likely trade back to the top of the range here You could you could get in somewhere in here take some off up here And then look for the continuation now. This is very small time frame stuff But this works on all time frames Okay, if it's a bigger range on a daily chart or an hourly chart It's still the same order flow phenomenon you're looking for Okay, you've just taken some off You're still kind of bullish here because it's still holding Um the above this 90 little pivot in here Okay And then now you'd be stopped at a break even that's that you took some off You're looking for the continuation. You didn't get it It's just it's not a trade recommendation. Okay, we don't do that In fact now let's go through this now. We're down here high volume node and we're seeing sellers All right sellers ought to be able to take it then down to 87 here or 88 and then maybe even back down further 85 Makes sense. Okay, let's see if we get our sellers here and they should be able to drop it then Down to 85 Okay, or you know kind of retest the bottom of the range down here Okay, watch them try to push through here And then we'll probably see a stop run to the downside as well Okay, and why why does it have the potential to push through like that? Because buyers are just gonna they're not going to show up. I mean they may show up They may they may support it and it might come back up here and we get our buyers at 90 if we do then I'm we're looking for continuation on up Okay, different scenarios in here. Let's see right. I think I got through your guys questions Let's see here Yeah, uh, slow down. You're picturing me bitting at uh on nfts at christie Yeah, I couldn't come up with christies. That was the name. I was looking for here Here we go. Here are sellers here looking for them to take it down right Now i'm we're also looking for a stop run down here bottom of the range below the bottom of the range actually maybe down to 80 here Okay, so buyers aren't showing up right now Right, we're waiting. They were supporting it. They was bouncing off of here And now they're pushing it through and we're looking for them not to not to see buyers until we get to these lower levels here Okay, so we're still looking for sellers Looking for continuation on the sell side here Okay, down to 80 Okay, so far so far I mean these sellers might get up ended right when we come right back up and get buyers back up Look, they're starting even pull up here Right, they're on the bid here See look at how all over the place it is So, I mean even if you got in this and you maybe maybe you took some off Maybe you're holding for 80 you got stopped at a break even don't give back to the market This is now showing is showing bullish On the order book Okay, they pulled here. They're on the bid here, but we we don't see commitment here yet by by the buyers yet Okay, it's looking better Okay, it's still still waiting though The order book looks good The the aggressors does not look good yet Okay, now we got some All right buyers should be able to take it back up above this now 89 as a pivot here Let's see if they can Okay, that would be a scenario. We're looking for buyers up here 89 and then a push back up into Our range our previous range Okay, if they don't and we get our sellers back down here again And the order book is cooperating with the sellers. We're looking for our continuation To 83 and then 80 And if you don't see it don't trade it If it doesn't show up we're looking for these scenarios for something higher probability And right now nothing All right, so let's just zoom out. Let's look at this here This has been a really really choppy session We covered range bound trades I wanted to go over the higher time frame And who's in control in specific areas And then looking for order flow around those areas What happened was on these these moves where they were in control. They were getting upended Many times over And then we were drawing in these pivot lines and looking for maybe the sellers to try to reach the other sides of ranges And if we zoom out here and we look at book map in here, it's just all over the place today We don't really see any sort of it's just been battling back and forth in here this entire session And we haven't gotten any follow through now if we look at the Uh The candlestick chart where where does how does that leave us? Well, we like the daily Okay, that that would actually look the kind of clearest here the hourly We didn't really like too much. It was kind of not all over the place But it it showed like, you know opened up here It kind of filled the gap in here And then it's back up in the 15 minute chart The only thing we saw was in the very beginning of the webinar The potential move back down into about here 48 or 47 And it came shy of that Well the the figure first and then 47 we liked And then maybe can come back down a little lower 40 And we we see the buyer and pressure come in and there's just been really choppy in here For the entire entire time. All right, so anyway Let's leave off with a few different scenarios in here We'll start with a higher time frame. Okay. Oh another thing. We so we we went down and we looked at these very low time frames Uh, and we had some pretty good luck understanding the order flow on the lower time frames and the follow through That those were working out quite nicely actually Then we talked about range bound trades. We talked about low volume nodes Uh, and now we're starting to see buyers come back in up here now This is where we need to see them in okay up here around 94 If we get lots of buying up here at 94, I think we can get the move higher into 3800 Okay, let's take a look All right, so we'll leave off with that scenario. Yep looks pretty good pretty strong buying in here Uh, let's see if we can get a continuation of the move here Okay, pullback would be here First pullback. Okay. Does that make sense? Can you see it in here? Can you see this leg one? Pullback kind of leg two. We're looking for buyers to support it here At leg two and then there we go and now we're looking for continuation 98 and the figure Okay, this looks pretty good It's not a trade recommendation, but it looks pretty good Okay, it's not a whole lot of buying up here, but it still looks pretty good Okay, there's a flip of the order book I offered a bid they're supporting it at 97 Still looking for 3800 And let's see it break through 3800 on up into 0203 maybe 05 Okay, careful Stop runs up here. We've been seeing these stop runs and then moves right back Uh into like maybe about 95 or even 92 There it is. There's 3800 Still looking for the continuation here Another stop run though. So again, be careful on that one. We've been seeing these stop runs and reversals Let's zoom out. Let's take a look at a bigger picture Looks pretty good, right? Looks pretty strong here on the buy side So we're still looking forward to continue All right, we're being careful though with this with the stop runs up here All right, let's look at our bigger picture. All right So we read that you know starting to mount on the bigger picture All right, and we're looking for 3800 now. Let's take a look here on the hourly as well Maybe up here at 08 Okay, 05 to 08 is what we're looking for What's 08 look like yeah 10 and 20 high liquidity up there So maybe we can get back up into there All right guys, let's wrap it up. So we covered quite a bit here. Please subscribe to this channel We want to go over more and more education like this for everybody so that they can And ask questions like this and really start to understand Order flow events and how to read them and how to make this higher probability for your trading Okay, so And then you can really read it in here. You can read the participants in the auction Sebastian, I think go go back and maybe watch the recording on this looking for the pullbacks They just represent that you know, it's it's it's like there's a strong move and and then basically It's kind of like if you did a sprint and then you need to kind of take a breather and then you'd sprint again It's a dumb analogy, but you know, it just needs to take a breather after a lot of buying. There's only so many participants Okay, so Anyway, so we finally got something some follow through in here on the higher time frame at least but man It was it choppy during that session. Okay, so Anyway, this is the read here Yeah, give us a like in the video And subscribe to the channel we go through these things every day In here in book map also come to our discord channel If you want to continue the conversation there lots going on there in discord Okay, so We'll cover these things in in much much More detail. All right guys, uh, stay tuned Tom B will continue the book map education. He's a volume profile trader Looking very specifically at his way of trading volume profile. I think you can gain a lot from it So continue on over there On our youtube channel or on our discord. We'll see you then guys. We'll see you tomorrow as well same time Uh, we have other events. I'll talk about tomorrow that we're going to go through uh during the week. Okay, patrick, uh, we uh, weland Uh, we'll be up, uh, I think Tomorrow tomorrow afternoon Okay, thanks guys. Have a good day. Take care. We'll catch up with you next time