 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map Good morning, and we're going through real-time analysis here Do that due to this every Monday Tuesday and Friday 10 a.m. And then We have Jay trader a stocks trader on Wednesday at 10 a.m. And Scott Polsini futures trader on Thursday at 10 a.m. We have a whole schedule though of Of traders all day long Typically Tom be he'll be on next but not today. He's away today for the Easter holiday. He'll be back tomorrow. That starts at right after this webinar at 11 30 East Coast time a.m. And then right after that we have a Doug options with Doug And he'll go through his options trading for stocks and also futures And then we have the Algo boys after that and they will go through 230 to 4 and What the levels that they're looking at in the order flow, right? So some Great streams all day long. Let's jump into the market here after the disclosure the Risk disclosure or 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 a central risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump in let's take a look What's happening in these markets here? You can see the S&P E many We can look at whatever markets you guys like, but you can see that we've been selling off Up here earlier this morning around 41 35 down to just 41 hundred so 35 point drop Down into the figure and you can see everything changes here around 9 30 with the liquidity really pumps up And so does the volume you can see it in the in the dots as well as the bars down here So what do we see in the order flow currently right now? Well, not a whole lot to be honest It is above 41 hundred. That's good And We see buyers and sellers. It's just kind of all over the place and a big kind of eight-point range here between 08 and 41 hundred So a bit of buyers coming in right now Maybe they can pop it up to 10 a top edge here and this liquidity here would be the target here All right, so we'll see if they can We can get enough traders in here it is bullish that they are bidding here and they're bidding up here at Two and a half so that's good Let's see if they can bid up a little bit further up in this area here around 06 and a half Then we might get a move up into 10 Alright, so anyway, that's what we currently see here in the market and Let's Jump into The higher time frame here. Let's see. They're starting to bid bid up a little bit here So I think we'll Just looking for a small move here and not much just this move up into this 10 liquidity here I can see them in the order book underneath here this kind of pale-ish blue and in here But they are they are bidding up. All right, so See if we can get enough buyers in here to try to hit into this liquidity All right, let's jump back and look at our bigger picture here. That's always so important So we're gonna look at candlesticks here. The daily is on the left-hand side The hourly in the center and then the 15 minute here on the right. All right, so What exactly are we looking at here? All right, so in fact why isn't this not showing anything? Hold on. There it is. Okay. There's our price action. All right So yeah, you can see the gap down from Friday on the hourly as well as the 15 minute The daily here well big range as you can see testing the bottom wicks here from Last week and then getting a little bit of a bounce right now not much but a little bit And that's about it. All right, so Bigger picture in here You know kind of hard to say We were looking for the move up into this Area and these wicks up in here. We do we did see that And then we're kind of looking for the wicks down in in this area here around this kind of 4080 area here in this S&P I haven't gotten there yet. So that's kind of bullish But you can see that today. We have kind of a down day Let's see if we can break this kind of 96 area here or 4100 basically and maybe trade down to that 80 level All right, so Anyway, let's look at the hourly here And you can see that these bottom edges here from last week. Well, that's where we're starting to find some buyers And we have a big gap here All right, so we're gonna kind of gap and go and down and maybe fill this older gap down here That's 41 that's 4080 right there or even here 86 or so not a bad area Or even 60 down here not a bad area. Those are some pretty big moves, but Yeah, and today is kind of a holiday still for a lot of traders, so I don't know if we're gonna get any big moves here today But yeah, watching this kind of top edge here at this kind of 10 area that we were just talking about And if we can get enough volume up in here, we can start to fill back into this area and this gap All right, so Let's take a look at this 15 minute chart here and Just look at Boy, can we look at just maybe a few days here not really Custom look back Okay, all right, that didn't do anything. All right Yeah, I don't know it's hard hard to hard to get something out of this right now You can see that we were looking for that move up into 10 We just about got it and you can see a little bit of selling off already So did it trade 10? No No, 10 to not trade. It was just one take short of it. I not a whole lot of volume up there either All right, so That's kind of what we're seeing here at the moment Let me jump over to discord any questions also in In YouTube any questions today you guys can hear me over in YouTube, right? I think so Yeah, and over here in discord Keeson good morning and slow down. Good morning. Um, so Yeah, you know what this might be a good day. I've been meaning to do this the last Several sessions, you know, I've been busy kind of a way Working on this course for you guys So we'll be presenting that soon to you But I've been meaning to show candlesticks And reading candlesticks in here. So this might be a good day to do it So we'll pop some candlesticks on the chart here in book map and take a look now We're looking at a 15-minute candlestick here Candlestick chart now what we want to look at in here and And understand is is Candlestick patterns and reading them but we want to understand the volume and the Limit order book within them. What was the activity in here? So in between this 15-minute period here, this is actually looking pretty good for a breakout Okay, in my mind, this looks good. So I in a 15th if I'm a candlestick trader I'm looking for higher highs here. I'm looking for them to trade through 10 and on up Maybe maybe back up to Well first this little swing here, which is around not much. It's around 11 But then this swing up here, maybe around 18 All right, I would be looking for that in my candlestick patterns here. Why? Well, here's one test Here is the second test and we're back up here and look at this buy volume up here Good morning, Rob. All right. So does that make sense to you guys as a candlestick trader this pattern? I am looking for it to continue on further right now Let's just take a look at this here and and go through why all right So we're gonna take everything off the chart for now And we're just gonna look at our candlestick. I'll talk about these little lines on here in just a minute here Which I think you guys will find very very useful But here's our candlestick pattern, right? And then how would you ever know? Based off of this here if this is gonna go up or not you you just wouldn't I wouldn't I certainly would not know that I would not give direction here Based off of what I see here that this may go higher All right And in fact, I'm looking we can mix this candlestick a bit with volume profile Look how it auctioned in these areas up in here. Boy, there's not a whole lot right to drop pretty quickly through there So I'm looking forward to auction back up 18 would be a good level for it to trade. Let's mark it up Okay, so right around here Is that 18 something like that Yeah, 18 18 and a half something like that. Okay all right, so Now this is what we want to kind of understand here Well, look at the candles. Let's go over candlestick patterns and The good morning everybody. Good morning Peter. E. M. You can hear me. All right excellent Yeah, a red dot on the volume on the move on the move up. I'll talk about that Clinton that happens a lot and it it's it's just you know order flow We can we can talk about it, especially in stocks You know, you can you can really see that a lot more in stocks But how how price can go up on on sell volume. All right, so we'll talk about it. Good morning, Tony All right, and let's see here Joe Last four weeks or so seeing these two to four-point drops. Yeah, I know and this is something I was I wanted to talk with Jack about Over in in the discord we room we kind of discussed a little bit about it About he was talking about imbalances and and then You know price action after the imbalance right and there's different ways I kind of described it in there But to try to understand kind of what it is And then I talked more about kind of gap fills And imbalances then I did About this certain kind of like jab down of like two to four points that kind of cleans everybody out it's a little different Joe and I think it's just There's a lot of Yeah, we'll take a look you saw in an example On a stock. Okay. Yeah, we can take it take a look here. It looks like let's add that stock in Okay Let's add it Be you you Out of the blue. Okay, never mind. I'm looking at it was just a typo. Okay. All right never mind All right, yeah, we'll take a look we'll kind of circle back to that Joe But let's see what's going on here now now you can see this is kind of it's coming back and retesting Here and now this might it might be a false breakout Right on this candle. In fact for a candlestick chart this now, you know Previously we said well, I don't really like it as a candlestick chart And we're not really looking for it to break out as a candlestick chart We'd be looking for this kind of a wick up here and maybe trade back into the range here Which is kind of what it's doing but We just don't have the details in here and that's what we want to look at and understand So let's see if we get maybe a little bit of a bounce off of right here See these little T's is upside down T and this T right here These are actually the V-waps of this candle. Okay, the the Green one is the bi V-wap and the red one is a cell V-wap if you come up here to candlesticks In your settings You can display that on the bid and the ask the V-wap or you can display total Let's just let's just show total here and they'll just go with a line Okay, so this shows both buy-in just the V-wap in general most of Volume within this period between here and here Retrated right here. Okay, so this is a pullback to that V-wap basically Now we got to see what happens here, right? Are we gonna get our buyers coming right back in? I would assume so I would assume so just because we saw so much buying earlier up in this area here All right, so I would look for buyers to try to take it back up here Now we haven't looked at we just we're flying blind here in the candlestick patterns because we just don't know We don't know where the volume is trading. We don't know how much we have it here in the sub chart That's about it. We also don't know like the condition of the order book in here, right? So we're gonna break open these candles and be able to see all of this now the first Context is gonna be with the volume. Okay, and we'll start to understand it here. All right, so Previously we're looking around here, and we're looking for it to break out up into our 10 level and Here's why we'll look at this buy buy volume cluster up here I would look for it to continue on up up into here Maybe maybe the view app of this candle up here, right? And we got up to about This price level here 4111 okay Well, 4111 up here seems to be the swing. Yep right here, right? So and that was actually what we kind of look for as our first stop not much of a move, but you know a Breakout nonetheless up into 11 and then the next one was our 18 and a half level up here Okay, so that's it And let's let's take a look back. So yeah, it traded up to here and then it and then it's faded back into the range now All right, so Let's let's take a Deeper look now into the candlesticks. All right, so what? I really like the the the volume up in here because this is something that I talked to slow down about that Understanding the the kind of back and forth in here you might be You know What's the name of the trader? You know like a hundred years ago. Oh With your mark up and your mark down and your you know Oh God, it's Monday guys. Sorry, but looking at your Back and forth in here distribution and accumulation areas And starting to understand and this relates back to what Jack was talking about in terms of imbalances as well Wycoff. There we go. Thank you. Thanks guys So we want to understand like imbalances potentially in this range as well Hey, who's on on sides? Who's off sides? and Can we kind of gain something from that and can we see like for Higher probability for a breakout and continuation on up Okay, and understanding this and this you know, we can relate it to many different things in here You can talk about ABC patterns in here. You can talk about Distribution accumulation etc And you can talk about your volume profile in terms of like what does that profile look like? And what about your top edge here? Do you see like a weak top meaning lots of trading lots of volume trading up there, especially by volume for for it to Break away from that area and explore higher higher price levels here Okay, so that's What we're trying to trying to take a look at here within the volume and then applying that to these periods in here with the candles So what does it actually mean? What does this candle mean in here because to be honest? I think it's rather meaningless unless we have Insight to the volume and the order book. So let's add the heat map now too. Okay, and let's take a look Okay, so here we got a pullback to this little V-wap here on that on that last 15 minute chart And it's it's trading and testing into and you can see in the order book here pretty high liquidity here at 05 Okay. Alright, so let's see if we can get buyers now and they're staying in the order book They are transacting. We just don't see sellers hitting into them So they're not really willing to Trade to the other side trade into that liquidity here and let's add our best bid and offer All right, so let's see. We're going to go through a couple different scenarios now And the scenarios will give us insight if this is going to hold or it's going to break Okay, based on our candlesticks in here all right, so If we get enough buy volume up here Then I would imagine the next stop is going to be back up into the top of this cash session here, right? Yeah If we don't and we get we're getting that scenario right now We're trading into this liquidity here now the sellers are taking them on transactions occurring Hey, so what we can see a big stop run here All right, so now the transaction occurred in here good that gives us a lot of insight here Are there is there still more selling pressure? Yes Okay, so most likely then If sellers can continue now, we need to take a look at this though We'll go through the opposite scenario in just a second if the sellers continue there Then we're looking for the move back down into lower liquidity most likely down at 4100 Okay, now that the scenario the trap That we're talking I'm going to talk about here is below this range here okay, and this sell volume here if We can get buyers in here again right in here right now in current price action Very likely we'll trade to the other side of the range at this kind of oh seven and a half Okay, and these guys here that sold this they this is a stop run here, and we can also see some iceberg buying so if we can get back up into here and trade back into the range likely it would look for the other side of the range Okay, now we're not seeing that Okay, we're still we're still seeing more sell pressure here, so we came up here. We don't see them and We put a rectangle around it and that little bit of buying here is all we saw Okay, so likely the move is still down here to oh to 4100 so Let's take a look at our candle here. All right, so our candles we see some wicks down here Okay, and and we see the bottom of the wicks here down or just below 4100 Okay, but the cookies here at 4100 and and they're coming into the order book here a little bit higher Okay, so down here we know well this It's funny. We see the wick But this the buying pressure is right here in the in the in the dots And the wick is rather meaningless in this example here. It's really you know What we want to look at is the buy volume in here and where is that taking place? And we do see something in here. That's kind of interesting that kind of coincides with the wick And that is this little area in here and then the buyers breaking out from from this little area in here Okay, so it kind of coincides with the wick, but it is meaningless basically but You know the we can see a test back down into this area here As well by these by these sellers here All right, so anyway Yeah, that's that's where these buyers really kind of came in and started to move this this market higher All right, and then in terms right now of candlestick patterns and what we're reading. I just don't I don't see anything here We're just in the middle of the range Yeah, it does it does look a kind of random in here M. No, no, these are 15-minute candles here We can we can make it one minute if you guys want and you know go over Order flow on a very small time frame. I thought we'd just start off with the 15 minute Yeah, this is kind of an odd move in here. I really don't see anything in here to kind of Try to find buyers in here the only thing is this trap and then maybe like one more kind of level here and try to get them upended and and Have this be a short squeeze to the upside to our top top edge here Candlestick pattern wise. There's nothing going on here. We can we can make them smaller and take a look see if we can kind of we don't want to kind of squint at things though and and You know make stuff up here. That's that's for sure So Yeah, I mean like look at this wick up here, right? This this wick here. There's a lot of buying up here This is what we were talking about before as a top edge There's there's a lot of buying up here. That's what made up this wick now The scenario would be like if we get more buyers back up here again Then we're coming up to to 11 if we get our sellers here Then these buyers are the ones that are going to be the sellers down below So we'd be looking for these buyers here To be the sellers on the way back down Yeah, yeah, we do have we do have data later in the week And we had non-farm when when the markets were closed basically All right, let's see. Let's see if we can get these sellers down below here. See look at there's some exhaustion here Okay, which means that there's no buyers on these tests up into this area right here. There's some buying in here Okay, we can see it here, but not here. Look at the sellers here Okay, this is again. This is a fractal of the of a range bound trade here But if there's no buyers in here and you see sellers here in this area here They're going to take it down to the middle or the bottom uh of the of the range here Okay, and test it Okay, so now let's see if we can get again a lack of buyers we don't see many here We're looking for sellers down here at this oh six and a half And we're we don't see any sellers here. All right So just back and forth again Okay, now we are getting buyers up here Okay, so this is what we talk about like that That edge you get buyers up in here. You can get that price discovery And yeah, it's looking pretty good here. This buying is pretty good. Okay So if it's good, then they should be able to reach back up into these areas here Where it dropped from And that's so let's see This is not high probability stuff guys. We're just going through the order flow though And just reading it here Okay, trying to understand like uh Where traders are aligned in in or Where their positions are within these ranges here Yeah, and i'm really not big on on moving averages. Um so I don't know who's looking at what kind of moving average So, uh, typically I I stay away from that and and fib levels as well I don't know who's looking at what fib levels I do like point of control and I do like um, and I'm just these are my opinion. Okay, I know that Uh, you you might have your own studies based off of these things, which is great j-trader does for example but Point of control is down here At this kind of o5 and then we have also vwap in here. We can look at Which is uh, we're above it here just around the seven All right, so I do like these levels because there it's just one line That um traders can react to Let me go to configure this All right, there we go. Hi this This vwap looks kind of funky Okay, here we are back up to 11 all right And we're back to our And this is a lot of buying so now looking for these buyers here to explore it take it further Okay, uh, I like this 18 level uh as before And they're bidding up here at 10. They were it was liquidity here now. They're in the book here That's good. Um, my vwap is okay. Hold on a minute here. I know what's wrong Let's get rid of that All right, so starting to look I got too many candles on here. Let's take the candles off for a moment here um, and Let's clear our drawings as well. All right, so now You know here's an idea uh shadows talking about Or I'm sorry m is talking about bouncing off his eight moving average. Okay. That's great. You've done your your back studies on your Uh, you're moving average And this is something that you look at on the daily, uh, then excellent, um And you and you have something quantifiable data. Uh, there that shows an edge so the, um What we want what are we looking though for what in the order flow in here What would we be looking for? Away from the point of control in vwap here. Okay for price to move In this example it would be moving upwards any any ideas aggressive by volume precisely precisely so And you know, are we getting something really high probability right now now it might do it Hey, but we just don't see it You know, here's the here's the concept in the idea of, uh, ox some of auction market theory Is that this is value down here? 0705 This is price is there's a lot that traded down here the most traded. This is pretty, you know, it's pretty even distribution here um, you know across this whole like 10 point or 12 point range um, but For for price to move away from a value area, you've got to see pretty high volume For it to something has changed the sentiment of traders or maybe it's the News or you know, maybe it's uh, people are getting squeezed. It doesn't matter It needs volume to to move away from Uh an average area okay, so That's what we'd be looking for And if you don't see it. Well, then it's just not as high probability Okay, so look at the size and and book map does a good job here with the graphical representation of the volume dots Okay, so we can look at the size and color of the dots and get an understanding of that It's a it's it's the relationship here This context between the dots like here or the dots over in here by volume looks better over here This looks it's strong. It's consistent. Uh, it looks pretty good This doesn't look as good. It's just it's not quite as high Uh, and it's a pretty sharp move And um, and then we see this pullback here and we don't we see some selling coming in here right, so we're not really Too keen on this going to 18 at this point Okay, it doesn't doesn't look like it's really ready To trade up there So I lost my line at 18 Put it back okay, so um You know, uh, therefore we're kind of looking for some back and forth in here You'll see when it becomes very very clear That there will be more uh buyers that come in than sellers or more sellers than buyers and they overwhelm the other side And we're looking for them to move it away from an area Okay, now this works on all timeframes And this is pretty typical. Okay, it doesn't always work like that, but uh More often than not, uh, that's what it takes to move uh price away from an area where it was comfortable before Okay, so what and that's what we'll be looking at here. So now look at this here We uh, we have high liquidity in here sellers Buyers just took them on here and we know they transacted look at that big green dot into that high liquidity here So we know that they transacted Is there still buying pressure above it? A little bit not a whole lot though and then now look at the sellers on the other side here so The transaction occurred It would have been better not to see any buying up here Just because there's some buying up here means it it auctioned here If we can get more there It can go higher Okay, and we'll go to the next area uh of liquidity or some of the transactions here So here It's already there Uh, or the next one would be here all right, so uh Again, this is uh a little bit hard to read in here We found the buyers and they they traded up here a bit, but then that was it then we found sellers bring it right back down Once we come back up here again and you start to see buying again That's when we're looking for it to travel higher All right, so look for this again and again and again. So now we're we're breaking up into uh 12 Okay, and now let's take let's zoom out and take a look at this this buy volume here How does it look in reference to some of this other these other areas? This looks better Right. I see bigger buy volume at these higher highs here That's good Okay, so we're going to get pullbacks in here But I'm now I'm looking for 14. I'm looking for 15 At this point Uh, where's the liquidity where there's liquidity here at 14? Okay, they're staying in the book and what about on on the bid here. Well, they're they're underneath here as well That's good. Do we still get buyers here? Do we still see green dots? Then we're looking for it to to travel higher here And let's zoom in here Okay, there's sellers down here. That's not good. Okay, we want to see a lack of sellers here And then this is a this is a larger player just did that Now this is this is hard to to we've seen this last week as well We never know when this is going to happen Uh, and a larger player just came in and and sold hard And we're going to see stop run down at the very bottom here And and we do it's not a whole lot of stops here. It's not much at all. It's like 50 or so Um, but uh, yeah, a larger player just came in and just just moved that market lower all right now so What looked to be pretty good in here is just totally disrupted now by this larger player Okay, so we're kind of back to square one Okay, and we're back in the middle of the range here Now an interesting thing. This is like I had a discussion uh last week Um, uh in in discord a bit about this kind of move in here And what what it what composes this kind of move in here? Well, it's just a larger player who who has some size and and just hits market sell basically And and moves price lower the Because of that move If there are no more sellers Likely a lot of times you you'll get it You know price kind of creep back up to where this selling initiated here and that would be like a gap fill Okay, so a lot of times when you see that kind of activity and you don't see Selling continue in here We look for price to kind of come back up into these areas here And now this this would probably be the area here somewhere around here around 12 I think and we see liquidity here at 11 and a half All right, so again, this is a you know kind of a market dynamic or order flow uh phenomena that it happens all the time Okay, it's kind of wicked in in this sense here, uh, but um You know these are these are like gaps Okay, and if we don't see more sellers come back in then we're looking for this as being kind of a new trading range here And price will just kind of go back and forth within this area here Now what we saw last week was uh Was pretty wicked. Uh, we saw the stops in icebergs um We saw the stop run and then they're on the other side here with icebergs Okay, you can see actually them buying some iceberg ice down here. It looks like there's 800 and 839 then they canceled here And then there's 246 that bought down here Yeah, yeah, this is a this is a sell market sell order. It has to be Yeah, I mean there's nothing else in here um There's no there's no liquidity or you know like uh And they were able to move price that so basically the larger player in here has enough um You know money to trade and sweep the order book Okay, so here there's like 43, um Orders here Well, they're going to sweep through that and then there's 129 here there and they swept through that So we can see the sweep here, right? So here you can you can add them all up. In fact, here's 100. Here's 130. Let's say plus another 20 That's 150 plus. Let's say another 50. So that's 200 Okay, and there's more they had more they had quite a bit of power Selling power in here And then we can see though that these 74 down here are not them Those are stops And this is what happens when you Put your order in here Within this two point range two and a half point range or so It can be anywhere in here, uh, and you'll still you'll you'll get filled down here after his Order or their order fills first Okay, their market sell fills first any or their orders that were in here like a stop That was triggered is going to get filled down here next Okay, and then in fact, we do see this kind of wicked move of icebergs on the other side here right on the other side here getting filled Okay, right there. There's that 800 and 39 and that's just you know It's uh, this is the game We're in and this is trading Right, so uh, they're selling still and they got filled here Okay, so we were looking for the kind of it to kind of kind of fill the The gap more or less right back up into this area here Right and we kind of made this trading range here And and it did trade back and forth in it. It went up as high as here though only 11. It didn't come up to 12 Okay, and now we see that there's a little bit more selling pressure and they able to take it a little bit lower here so Anyway, what we're talking about in here Is we're looking at the order flow And understanding these elements in here to gain further insight to what price might do next Okay, understanding the specific players in here, for example Okay with icebergs Stop run to the upside and then you know also stop run to the downside and also icebergs coming in All right, so what does that mean for us? Well, we're kind of back in the range here Bigger picture. We're just back in the range Whereas this this move was looking pretty good to come up into 14 and 15 Okay, the the buy volume was there. There was liquidity underneath it. They traded through these guys at 10 here And then we saw this liquidity underneath here And we found more buyers here. So we're looking for that 14 and 15 And then this this person comes in and and just disrupts it It anyway That's What happened on that this little area here? Oh, it was 1855 total. Okay. Thanks, Michael Uh, Kevin, how do I know if he cancels or not? Yeah, this is a great question. Um And i'm just fascinated still we've had this stops and icebergs for for a while now that iceberg detector. We know Precisely when if we zoom in here It depends on, you know, your your settings that you have But we can see here the d and then the 55 the d means this is when it was detected The iceberg was detected Okay, and then the um And 55 transacted there Uh on on the offer, right or their, you know iceberg, uh, and then here, uh, the the next transactions was was 202 and then 88 okay, so And on and on and on So we know that these are just transactions and we know that iceberg is still in the order book and still getting filled Right now we also know If they pull that iceberg from the market and that's what they did here Okay, they canceled We also know if it's fully executed or not and if it's executed you'll see an e if it's canceled you'll see a c All right, so it's in the settings here, uh in the stops and icebergs Uh, and if you open it up here, uh, it's in these settings in here show the um detection icons, okay, uh, and uh, you know show the um Calculate the executed and and um Partially executed in here Uh, show the cancellation if we don't show cancellation. It's not there any longer et cetera right, so Anyway, the play around with the settings in here to get what you want I've you can see I have them all on here. Uh, and that's for the demo purposes Okay, down to vwap And some buying off of that Another thing to look at uh here. We've seen this so many times. We kind of uh hinted to it When looking for that strong move the market pulling away from a specific area What we're looking for is strong consistent Volume all the way through like this or like this And this was like I said disrupted here by this trader now. Let's take a look at this here though So we have we have some selling in here also some selling in here Okay, but it's here Okay in here now when I'm trying to get at is if we can get buyers above that area here Then I would be looking for them to take it back up here to this 11 and a half Right because I don't see that strong consistent selling moving it away from an area So I'm looking for the other side of the range here and then maybe up to this liquidity here Okay, or maybe this top of this range here at 11 Okay, meaning that these guys are upended and we'll see the buyers try to Squeeze them uh to the upside Yeah jellybean. Yeah play around with those settings. Also go to our knowledge base Go to help and our user guide here. I'll show you that And then under this is our our general user guide go to the add-ons section So this is the user guide. Here's the add-on section And then you can look at stops and icebergs here and here. Here's the on-chart one here I'll put this link into youtube for you so you can Read through these in here Okay, and that should help you There you go Yeah, michael when you see that kind of behavior like Of like this is the fourth time you've seen this this morning of a larger player behaving like that Then you know you can kind of You know more likely than not it's going to continue You know, well, you likely see it again But I mean how many over the years we had these webinars when we we look for that It's like, okay. Well, he dumped he's likely going to dump again Um, and we look for it or another one was like some of these top edges up in here like weak tops and continued to buy up in these areas in here And then we're just looking for it to pop And what what does it do? It it comes back Not enough buyers to to to take it through and then the sellers come in trade it back down below the range here It rejects does a v bottom comes right back up here and then breaks out And a lot of times we just see that behavior occur again and again and again, especially in the es And then when we did we would look for it Uh anticipate that behavior, uh, and then look for uh, not buying or not looking for it to break out at that time and then maybe even Looking for sending some orders down into lower range Anyway guys, it's going to be pretty it's kind of dismal day here. I don't know if a lot of people are trading um, and Some back and forth in here Um is kind of anticipated today Nonetheless, we'll just read the order flow Yeah, joe. I think that kind of you know, this this answers your question about these kind of dumps like that um You know out of the blue like that And and if that's the condition then that's something to be aware of take your profits along the way Uh, either that joe or the opposite. Um, you know look for a bigger move And uh And widen your stops out and trade less Yeah, I mean It's it's frustrating But but it's only a few points, you know, uh, it like maybe three points max Maybe maybe four. Yeah All right, so now look at our our point of control and vwap are aligned at the same price level basically All right. Well, let's let's go through an exercise. So and we'll assume all right, so um Let's just put our put our um Concept to the test here. Okay. We're right in vwap. So what we're looking for is volume to trade outside of vwap Okay, well here here's some buyers All right. Well, there's the initial impulse move now. Can it trade back up here and get more buyers? Let's see and then if they if we do they should be able to come back up into Here, uh, maybe top of the range here at uh, oh nine and a quarter Okay, see the volume here. We need more buyers in here and we don't want to see sellers in here Okay, there we go Okay, so now see them moving it away now They're they're up into our area here already Okay, the next area would be our liquidity up here at 10 Okay, I would look for it I would look for it still the buyers are still moving here. They still have momentum behind it. There we go All right, so uh now are they still buying? Yeah, a little bit. Yeah Okay, well, let's see. I move it up to 11 and a half Okay, so we kind of caught that one just in time. So uh good good, um, um You know good good timing on that to be able to demo this Uh, because we're right back down into that value area here This is what it takes to move it away. And now what we want to see is, uh, what uh, Gene over at the Alago boys talks about the transition, uh of Uh orders, um from one to the other And do we see that yet? No So what we're talking about is when are Uh When is this kind of a change gonna gonna occur here? Okay, well, we don't see sellers come in yet. So we're still buyers here basically Okay, now we're starting to see a little bit of it. Here's the exchange of hands in here Okay, it's trade is trading into higher liquidity up here. So, you know, like we have some limit sell orders up here Here we have a little bit of not much of an iceberg We also have to be very aware of that larger player, right? This is about four points Who might come in here and just dump It so take some partial profits, you know on something like that That's one way to counter it. The other way to counter it is like, uh, heck you might even want to paste another, uh You know, maybe even exit Entirely look for the next or even set some orders down here Uh for him to fill you Okay So more buyers so see how that that helped us stay in this trade Okay, was that we just didn't see the exchange of hands yet Right, we're starting to now though. Okay, they're starting to trade into this higher liquidity All right, so we can start to look for you now. Here's our player. He come he's coming back in again Okay, just almost on cue almost on cue Okay, but uh, we started to see this, you know exchange not we didn't see it in here yet now this this We never know when that that larger player can come in he could have come in at any point All right, but uh, and we start to see some of it, uh trade up here again Let's go back and let's take a look at that that player Okay, so and let's see if we can gather something from it Okay, he's probably looking for some uh Absorption up here or or some of this some of these, um limit orders to fill in here Let me see a little bit in here not a whole lot though And then no not really we never trade it up here And then he just came in a little too many stops here to take a look at let's uh put on the automated stops And automated. Oh, we already got it on. Okay for icebergs That looks better Okay. Now in this case here here's our gap fill You know, here's that quick move and and just kind of came back up and and auction back up here now Do we see it auction up here at 12? Starting to I'd be very careful up here. I mean, I'm I'm looking for it to pop but I in terms of a position I don't like it. This just there's too much Uh dark area in here and they that larger player can get it filled Uh, or sweep the order book down to this, uh, o9 area here All right, but as long as long as we're just reading the order flowing here Yeah, we're back to we're looking at 14 again Let's look at our candlestick uh higher time frame Didn't I put a custom Look back in here Oh, I put it in the wrong area Maybe Uh, whatever. No, there there it is to and from. Okay. Hold on. Sorry about that All right, I guess that didn't work. All right, there we go. That looks better So now we have a little more reference in here Yeah, boy, I would say like if you can if we can see some volume up here around this 12 or 13 area here Then it's just pretty clear sailing on up So we'll see we'll see if we can get that Uh, no, we're not we're looking at lower time frames in here m But this can be applied to all time frames. We're not really scalping but we're we are looking at lower time frames uh, but the we're really just reading the orders or We're reading the order book. We're reading the volume Uh, and we're reading the price structure Okay, so uh three different things in here and that's it really uh, you know, so We're looking for that around any sorts of levels here no matter what you're trading So for example right now look at this this kind of 12 and a half level up here Okay, so what we want to see up in here for this to break out Okay, now this could be for any time frame like I said Uh, and we just need to see it auctioning up here with buyers at the top edge here And we want it we don't want to see liquidity in this area here We want to see it up above And we want to see the order book stacked on the bid down here And the reaction to it is aggressive buyers if we can get that in here and that scenario and we know what it looks like Then we'll get our move up higher Okay, so it's starting to unfold here Uh, and um I just don't see a whole lot of buyers right now But you know, that's what we're looking for is some some buyers to auction out up here Okay, now we want the more it auctions the the easier it is to read it Okay, the more that the we see buyers up at this top edge here Uh, the easier it is to understand The more that we see them pull liquidity up here and add down here on the bid The easier it is to read it Okay, and again That might be for well in this case, it would be a little bit higher time frame But it can be for any time frame Okay, you will even see the same Uh phenomena happen on a daily, uh or monthly chart. It does not matter Okay, in fact, we saw it here on the daily um week or two ago and uh We're looking for uh, I was anticipating sellers up here on this daily chart Let me just widen this out Okay, up in up in this area here and we just didn't it just it closed up here for the day Uh, and then the next day we saw a lot of buying in here. Great. Okay. Well, I'm looking for the next wicks up in here They either point of control Or the wicks other side of the range And that's where it went. Okay. So on a higher time frame that was an easy read I thought okay, so um, uh, if we don't see that in here Uh, and we see that uh, you know A lack of buyers and some sellers maybe then we're not looking for it to continue like that And it's the same thing here All right, okay, so here's our here's our move up into 14 Okay, we finally got up there And now this is in this is an interesting move. Let's go back and look at our candlesticks again All right, so we were looking at this little area up in here And that's where price is god. This is something's wrong with this chart. I don't know It's just not showing it. I guess if I maybe Play around with a minutes I'm just not having luck with this chart Hmm Yeah, anyway, we're up here here. Here it is. Here's price, right? So this is where it's easy for price to move up higher now There's nothing really holding it here There's no kind of back and forth in here can just easily kind of float back up into this area It could come up to 22 could could come up into uh, 25 or even fill the the um The gap up here at 30 Right So anyway, and that's what I'd be looking for. Um, now see look at them bidding here at a higher level. That's good Uh, is it selling or buying up here? Yeah Okay, let I'm looking for these 15 these guys here at 15 to transact Or pull maybe they pull from the book We'll see Okay, and then our 18 levels up here again Okay, which we identified earlier. All right, so Anyway, that's a way to kind of start to look at some of these Edges uh at the top uh and the at the bottom and what we talked about here was A move back into the middle here And we had VWAP and point of control Okay aligned here. I mean they're almost at the same price level And we started to see the buyers pull it away from that area. Okay. We saw it in real time Uh, and then we started to look for it to trade back up into areas of high liquidity Okay, and we we we thought this would be probably the first one up here, which looks good at 10 and they pulled So it kind of traded through our Big big player came in and swept the order book, but price came back up filled it And then we have more buyers here more buyers here again still looking for it to go higher We got up to 14 Okay, and then that leaves us off now. We just traded 15 and we still see more buyers And now watch out for our trader now Right that order books, um, uh sweep, uh down into maybe 12 and a half Okay, we see a bit of exchange of hands here now here And here Okay, so we want to be careful, uh with this here now Okay, so we know that these is there still more buying pressure up in here. Yeah, there is but it was a stop run 180 Okay, still finding buyers up here. This is it's still It's okay, uh, they just kind of We want to see them up here at the top really, um, and and we have some exhaustion here now So seller's going to take it back down a bit And maybe maybe back down to the 13 or 12 and a half here Yeah, exhaustion is the lack of aggressor Okay, so uh at a certain area So basically here there's just You know there was we see a little bit of buying here and then it retested back up here And we just see the best offer up here and we don't see any transactions Okay, instead we do see some sellers here at the bottom edge here So and we do see sellers down here as well So we're kind of looking forward to trade back down to maybe this, uh, you know 13 area here All right because of the lack of buying here and sellers coming in Okay, so that's how you can read that And now we have a few things in here though, and this is again about context and understanding that context was, um the uh transition, um from, uh Buyers to sellers Okay, there's sellers in here here and here And do we see more buyers coming back in and we saw some exhaustion here And we saw sellers come back in here. So now we're looking for a transition again From sellers to buyers and the buyers are really down here at 12 and a half Okay, that's where the liquidity is Okay, and we're already down at 13 Okay, and that's what we were looking for for this kind of due to this up here And due to sellers coming in here We'd look for the move back down lower We have a glossary page as well. You might want to take a look at Go over some of the terminology in here. I don't think it's here I know it's in our user guide. I yeah, we've got it here. So just go to our user guide. Um, and then, uh Yeah bookmap.com slash knowledge base and then it'll take you in here, uh, and we can look up our glossary It's in here Here it is down at the bottom under number 10 and help click on glossary and Yeah, you can uh, uh, read about some some of the things in here flipping exhaustion depth of market, etc Okay All right. So anyway, we started off talking about candlesticks Um and reading them with the order flow. Let's end that way as well. I think We went all the way down to the one minute Um, which is fine It doesn't matter, you know, it doesn't matter really which time frame Uh, so here look at the buyers coming back in here, right now What's beautiful about book map with the candlesticks is We know that there's buyers here Right. So if we get buyers again here, I'm looking for them to take it back up To maybe here you know Kind of where the sellers came in and we can also look at the kind of the middle of this kind of range up in here Right. So that'd be a good little area this kind of 14 or 14 and three quarters 15 and here we go And there it goes Okay So again, you know Understanding the the volume and also this context of liquidity down here. We've never traded down to these buyers here And we went back and forth in here, but we're seeing buyers in in these candles in here. So like, you know, just take a look at the The volume in here. In fact, let me uh Make it a little more transparent It might help Yeah, and then let me tell I'll just take the best bid and offer off that might help Okay, so here's our candlesticks and our candlesticks. So hold on. Sorry guys Uh, let's take the vwap off of it. Yeah, I like the vwap on it, but uh, here's our our transactions In fact, I'm gonna take the stops and icebergs off For now as well. Okay. So here's what we're looking at here Big bar to the downside doji Okay, uh, I don't know what you call this thing. Uh, you know the hammer or the opposite But a big big wick here, but it closed up here Okay, now look at the volume in here though Okay, now this one closed down here But we noted in real time that there was buyers back up here And we know down here look at the look at the selling down here in these wicks There's not a whole lot of selling down here There's more transactions up in here So if we can get enough transactions in here, we'd look for it to come back up into these transactions Previously or maybe these wicks up in here All right makes sense And that's exactly what it did Okay, and it found sellers again up there though Okay, so look at the sellers come in now All right, so this is heavy selling. I'm looking for them to trade down lower That's heavy selling. They're gonna take this lower Hey, we're bound to the bottom of the range. I'm looking for them to try to break it Uh, and um Let's look at the liquidity now though. We need to see the liquidity. Okay, so we had our high liquidity here at 12 and a half Did it transact? Yeah, kind of looks like it. Yeah Some of it pulled Okay, can they take it down to 11 here looks like they can looks like there's enough selling pressure in here Let's take a look Here's our candle and then we see some buying in here, but we still see some more selling at lower lows here So I'm still looking for them to trade down to 11 And that's the concept here And again that concept works on all time frames Okay, so look at they're even pulling down here at 11 Okay, so we can look at um Hold on here so Yeah, same same concepts and same ideas in here in these candles here. There's there's no difference All right I was really looking for Clear sailing back up into these areas here Uh, and you can see that uh, well sellers are coming back in and training it back down into it All right, so that's not unfolding right now. Um, and um Okay, well if that's the case then uh Let's see if we can get buyers at the bottom edge again down in here And see if they can move it right back up to here 21 Okay, and I don't see it. I just see more selling Still just see more selling here Okay, so european close guys, um so Anyway, that's kind of where we are And it's time to get going here Uh, what do you so let's see michael you're talking about be great if if we had two vwaps in book map Yeah, you can reset your vwaps. Um, you can only have one though Yeah Yeah, there's others that are Looking for multiple vwaps as well for the resets I'll pass it on michael Anyway, look at this one minute candle here. Let's just take a quick look and we'll end on this here So we saw the heavy selling coming in Uh Here Then a pause and then heavy selling again, and we saw more selling down here I'm surprised that look look at the buyers just kind of snap it back And this is what we talk about in in terms of the trap volume Here here come the buyers where are they going to move it? I would assume that they're going to move it right back to here 13 and a half Okay, based on there's the heavy selling that came in right around 13 and a half If there's enough buying then they're going to take it back up to 14 75 or 15 Okay, it's just just looking at these scenarios in here Uh, these likely uh areas Uh, and then the the transactions and the the liquidity around them to give us insight Yeah, eu uh holiday bank holidays today. Yeah, I saw that coop Yeah, and so yeah, we're not we're not seeing a whole lot We went over a few few nice things and You know start to Put the pieces together here You know, it's just uh sometimes It really hits you over the head. Uh, and it's it's very easy to read Uh, and then we look for the follow-through on that Other times like today like well, we saw a few like that today But most a lot of these words like, eh, you know, it looks okay We would still look for it to go up or you know continue on or continue on lower or whatever Uh, and and we had our reasons for it, but When it really You know looks good. It it really hits you over the head This was the best thing that we saw here today. I think was the This this hit down into the the average or the mean kind of down here Which is Defined by the v-wap and the point of control, but the reaction was buyers In here Okay, so we're looking for the move back up to here Then back up to here And then we saw still more buying so we're looking for this this liquidity up into here And then we mentioned about well if we can start to get back up here above 14 Then you know, there's some clear sailing for it to come back up into these areas up here Uh 18 20 On the hourly, you know much higher 24 etc Okay, so continue to look for some of these things And uh, see if you can get uh, you know, jump on some of these moves and manage your risk Properly at some of these edges here, uh and look for the follow through if it doesn't happen Uh, and the order flow is saying something else then it's it's giving you a good reason to cut the trade That's another just beautiful thing in here Uh in understanding this context between buyers and sellers If it's not working out just cut the trade Okay, this is something j trader talks about all the time Uh, we don't you can't look at 4x, um In here you can look at the um A commodity, uh, or i'm sorry the um currency futures though. Okay, so uh here we've got the euro dollar Okay, you're looking for spy to fill the gap. All right. Let's take a look here Yeah, I don't know. There's a lot of selling in here in spy as well. Um, so um Yeah, anyway the uh Euro dollar let's go back to that Uh, and uh, you know, there's different players in these different markets like look at see these striations in here Well, you know, these are larger players. You can see their liquidity in here Uh, and uh, here's here's that larger player see the large lot tracker Um, uh, you you can see it right here. See this one line in here That's a larger player who's probably got um Oh, I don't know it looks like around 20 contracts at each of these levels here Okay, so at every Um, you know four ticks or so here Okay, and they're just they're in here. Uh, and so the behavior is a little different Uh, but um Each market's a little different. All right So another another great thing to look at is the correlated markets. Look at your dollar Uh, or euro dollar compared to stock indexes or maybe crude oil or you know, whatever it is Uh, and start to understand some of the correlated markets Anyway, you guys, let's let's wrap it up. Uh, if you if you like this, please hit the like button that really helps us Uh, and um, uh any uh comments on uh Where what would you like more uh for maybe tomorrow? Would you like to see more on kind of candlesticks and reading? Uh, or Would you like to look at um, uh, you know, we're talking more about maybe patterns or ranges or You know, let me You know, if you have any ideas for some themes, uh, you can just follow up also in the comments in here and We can we can look for some of those Covering some of that stuff tomorrow All right. Yep. All right. So yeah, thanks everybody. Uh, and uh, we will Catch up with you tomorrow. All right. Yeah. Thank you. Take care. Uh, have a good day