 Good morning traders and welcome to the book map live trading webinar This is Bruce had book map and I'll be doing live forward-looking analysis here for this session We do it every Monday Tuesday and Friday 10 a.m. And then we have live trading with J trader a stocks trader on Wednesday and Thursday we have Scott Polsini a futures trader. This is all part of the book map education. You're getting it's free We have an educational course. It's online And then we have these webinars to go through that same Order flow analysis in the live market so you can apply what you've learned and then learn from other traders as well Oh a J trader and Scott Polsini. Let's go through some disclosures and then we'll jump in 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 substantial risk of loss and it's not suitable for all investors pass performance is not necessarily indicative of future results All right, we've got that out of the way Understand those though. It's important what we're doing here And then guys we've been covering all sorts of things Recently about who's in control in the market Is there any question this morning? After after that are just before nine o'clock Okay, and then look at the cash open here as well Hey, what does this pattern look like? to everybody Just just throwing it out there and what what do you guys see here and discord? I think you guys can yeah, I'm you can hear me So let me know here. I mean we've been covering this And how important it is to understand order flow and it's just screaming at us here Aloha Tony and and then I I really I really encourage you to You know go back and watch some of the previous webinars We can put this all together into a very cohesive and very powerful trading plan Nothing nobody. All right Pull back impulse. Yeah Impulse pullback impulse. Yeah, exactly Ben and what exactly is that? Well, that would be a flag pattern Exactly. So let's let's take a look in fact Here strong move. Here's our pullback and then here's a strong move and followed by another one So basically though, it's the second flag or part of the flag is here, right in the bigger picture On this time frame guys, I mean this is such an incredible pattern It's just it's blaring at us here in the order flow And then you can see it after 9 30 right in these areas here. I mean we look for these We look for higher lows in here not too much selling down here on the bid interest We got all of these things lined up in here Once we start to get up here and we see those buyers yet again up here where there were previously buyers Interested it as well We're looking for the breakout and we're gonna start to target Higher liquidity and you can look at your measured moves your fibs. Whatever it is you want to look at at that point but it's The liquidity is really kind of the key here You can see we came shy of it here or tested into it a little bit and then it pulled back And now it broke out. There is still more buying pressure We're still looking for this to go higher Okay, now it's not a trade recommendation We're just looking at who's in control in the market and we stay with that control until we see something different now This is always it's ever-changing It's like You know different poles and pushes on the on the on the market all the time One of them is right in front of us high liquidity getting filled on the offer. These are sellers They're staying in the order book. They're getting filled it starts to Take away some of the buying power That these aggressors have the market buy green dots here So, you know, that's when we start to really Understand this context in here now. See how we just have less buying up here Hey buyers here. They may broke a higher high less buying Okay, so let's see if we can just get a little bit of selling and come back down to this 11 and maybe get back down to Oh eight now Okay, we'd still be in an uptrend Okay, now we don't know now if we return back up here and we get our buyers like this We're looking for the breakout 18 20 Where else? 25 Okay, so there's there's a your plan right there Okay, that was the context we just looked at in here and we just covered it You could already be out of contract stop at break even looking for higher Okay targeting 25 Maybe you even like got out some got back in on a pullback. That would be very aggressive. You could though There's all sorts of ways to trade the order flow in here and look at it and these are very high probability Outcomes or you know, it's just we're reading the order flow. We know who's in control, right and we're going with that strength Okay, so Again, this is real time. We're reading it. It's this is this is in my mind, you know a lot of times during these webinars There's a lot of chop and And and we might get there here You know pretty soon right now though the direction is pretty clear Okay, this this is simple stuff Now trading is not easy, but when you get on the side of it here and you know what you're looking for Then you know, you just let this run. Just just let it work And and look for your targets take some off Manage your risk move your stop up to break even etc. Okay. This is exactly our goal in here with these webinars To provide you very high level of education That is actionable That you can put into a plan that you can study. It's not a trade recommendations. Not a trade room But to understand the order flow in here in this context that we talk about all the time And you can put this this together into your plan And then we're still looking for it to go higher here now. Let's just take a step back though and let's Read the higher time frame and we'll put this plan into perspective And then we'll work our way into the current market here. Okay, so Let's go look at our Higher time frame candles here. This is rhythmic our trader pro We're just looking at a basic candlestick chart very simple and this is enough We're just looking at a daily here on the left Okay. Well, obviously we're in a downtrend. You see these moves lower Here's uh, I don't know last week a Friday the 14th here You see the uh move down And the move right back up into the range here Okay, this is rejection here And we see back and forth in here, but we we're um We came back up into nearer these highs up here, but not enough buyers to to want to take it higher All right, so on the daily chart today's daily candle. Let's just take a look at the three month. All right, so here we go and We we see the move up into these areas here and then the pull back And right now we're getting a pretty strong move Okay on the daily chart. So where where might it go next? Well, we'd be looking for maybe 37 45 or 40 up in here if there's enough Then we're looking for 71 or 59 to 71 up in here We're looking for where there were previously sellers Okay, that's what we're looking for here Uh, now we don't know but this is we know right now. This is a pretty strong move. All right, so let's move on That's what we see here on the on the daily Uh, and for just today's action. No, okay in the context of the bigger picture It still looks like a pullback Now on the hourly chart here In the middle Right. Well, here's that that 14th of the day here. We opened up down here Right here it went it went south a little bit and then it went right back up very very strong powerful Well, this was actually last thursday when scott Pulsini was was speaking and the ecb had some some news that came out Uh, and then look at the beautiful pullback here guys beautiful beautiful pullback all the way back to this activity in here Uh, and then we see the gap open. This was friday and then here's where it opened up on sunday or Monday sunday evening monday And then look at the a gap again up in here. I'm sorry. This is sunday and then here's the gap up monday. It looks like something like that And uh, and now we're you know, we're seeing the move here on this hourly chart to go revisit these areas up in here All right now That's the hourly Okay, so we see pretty strong our um candle previously and then right now this new hour Uh, which we got about uh, 12 minutes into or 10 minutes into All right now it's starting to kind of slow down a little bit All right, that's what's going on on the hourly. Let's look at the 15 minute chart here on the right hand side These are the strong moves we're identifying Okay, now there's a strong move here to the downside too Okay, some back and forth in here Uh, the move down rejection down here buying pressure Guys, I mean, you know, you have to it's it's really kind of funny Uh, it kind of cracks me up. Um We have to name this as the wick and we have to say it's buying pressure And therefore it has meaning behind it, etc Because we don't have the visualization of it in the we just know that. Oh, okay Well, that means buying pressure a wick in a candlestick It's because we we can't see all of this in here in book map in the Uh higher time frame charts. Okay, it just just it just doesn't exist Right, so then uh, let's take a look uh at, um uh The buying that came in here and then the move higher and then why We would start to look for some profit taking up here Okay, because this is where we have the uh sellers coming in and move it away from this area up here Uh, that was yesterday Okay So it makes sense Uh that we have a strong move up into this area here and we're having a bit of a pullback right now Okay, and maybe we just chop around in here for the rest of the day Maybe we come back down and revisit here at 86 We don't know We just know this was a strong move. We're looking for a continuation and we're looking for up in here Some profit taking uh, and then we'll take a look and see what else is happening in the order flow Okay, this is order flow here. We're looking at uh, we're talking about strong moves Consolidations breakouts from those areas uh and price exploration into other areas like this up here Now we're going to uh Outline these strong moves. We can see it here And then we're looking for uh What's going to happen next okay up in these areas in here, right? So, uh, we're going to take the same process here of looking at these strong moves and breakouts consolidations Uh and then applying the same idea to the uh order flow chart because this is order flow here, too It's just not very transparent Okay, we're not getting a lot out of it. We don't we just know ranges and breakouts, etc So let's take a look over here at book map Now we're getting the full picture right here. Uh, let me put stops and icebergs on here. Why do I have just CVD? Okay, well, there's no question. Look at the bid first off uh from uh Right here around 815 onwards. There was uh pretty high liquidity down here around 35 And look at them bid up Okay, this is what we can gain from understanding the the order book in here in book map And we see the reaction now. This is this is obviously hindsight But we see this again and again and again and just picture this here and put it into the auction process Okay, that there are there are buyers interested in buying ahead of this 35 level here Now once we start to see those those aggressive buyers come in here and start to break some of these previous areas Where it was going back and forth We're looking for it to test back up into this area here This structure, okay, or we look for high liquidity as well. Well, maybe up here. There's some high liquidity here There's some in these areas here, but the best is up here or here All right, so uh, anyway, we went back and forth in here for a bit We had the cash open, uh, and then we see them take it here And we and we break out and continue on up into high liquidity Okay, so and then we got the tail end of this one here looking for it to continue All right back up into 25 All right, so it was uh somewhere around in here um when we Here's when we started the webinar at 10 Uh, and then we started to look at it in here. We're looking for the breakout We're looking for up into 20 and then maybe 25 here Okay, we we went through this the scenarios right in here Uh and understanding it was like, okay. Well, here's the retest not too many buyers here If we get sellers down here, then we're looking for this area down here at eight and then maybe even below Okay from this view here We come back up. We make a higher low. We come back up. We start to see that buying This is when it's telling us it You know more Probable move is to the upside here based on The order flow based on the the aggressors in here. They're buying again at the top edge here We're looking for it to break We're looking at for it to explore and test into this high liquidity here in here Okay at 18 and then at 20 All right, and we stay with this until we see something different So we look for 25 as the next one. It takes them off at 18 or 20. I think we said 20 Uh move your stop to break even you were never even come close to getting touched here Okay, even if you if you got in here at like, let's say this is uh Uh 16 and a half Let's say you got in at 16 and a half Didn't even come close Hey, it would it would have been a very easy trade Uh, but you're just reading the participants in the orders by the orders Hey by the aggressors by the buying pressure into these areas in here and then we wait and see Okay, what happens after this event in here? Well, we found more buyers up here. There's still more aggressive buyers than there is limit sell orders here We're still looking for them to come up and test into this area here Okay and went back and forth for a bit and then it did it All right, and then you manage your trade Based on what's going on in here Okay, so I would have been out half, um probably here at 20 And full uh here at 25 I'd be looking for other entries for continuation Okay, now here This scenario here Okay buyers that's good back and forth in here. Hmm not too many buyers here a little bit here Okay, but not too many Sellers here Okay, now we can go this is all fractal so we can look at this in here Okay, some sellers here more sellers here And then a little bit more in here and once we start to see it It's not a good example here, but once we start to see those sellers come in here at the bottom edge again Okay, we're looking for this these levels here back to 20 basically this liquidity here Okay, uh, and uh, and it did all right So, you know, this is the scenarios that we go through by understanding the order flow Okay, we came back up here. We didn't even make it equal high And we didn't find the buyers that we're looking for like we were on that previous one down here Okay, we saw lots of buyers here. This is where we're like, hmm. Hold on wait a minute Let's take a look here if we get our sellers come in in these areas in here and then down in here We're looking for 08 Okay, that scenario did not unfold. We came back up here. We got our buyers. We're looking for the pop all right now There's a lot of momentum in this move. Uh, a lot of times, um, we um We want to see is that the bid underneath be strong as well and these guys to pull liquidity here on the offer Okay, we they pulled a little bit here at 17 at 18 they stayed Uh, and then at 20 they stayed in the book too Okay, and look how it it behaved in here. Look at the order flow Okay, trade it into it Into it here it pulled back to where it broke out from into these areas here We don't find sellers here. Not many. Okay, this is a low volume pullback We come back up here Chops around a little bit. We're starting to find buyers again Okay, so, you know, we're starting to understand the structure here The aggressors within that structure and also the liquidity in here And then come back up. We find those buyers yet again here and look for the next level of high liquidity up here And we talked about it in real time guys. So just just going through these scenarios and reviewing To go through this again. This is such a simple Reading of order flow But just so so powerful. You don't have to worry about all sorts of other Uh ways of reading candlestick patterns or You know, uh You know, Fibonacci levels and uh, you know, like like uh, gan waves or like, um Elliott waves or uh, you know all these things you just need to know the order flow Hey, we don't have to make up names for this kind of stuff in here volume profile All these things initial balances. We don't have to make up any names in here. We just look at the order flow Okay, who's in control? You know, that's that's it. I mean the for example the initial balance. Let's just take that uh for an example It just means like the first hour of trading which has the majority of trades, right? If we look at it here, um Look look at the um, the what they call here. We can let maybe it's better. Look at the uh 15 minute chart here. Okay here is the opening This is the afternoon and here's the close. This is called the volume smile Okay, so initial balance just means in the beginning of the of the cash session The majority of the volume. Where is it? What are the highs and lows of all of that transactions? What does that equate to? Very very simply it equates to Order flow meaning a lot of traders are transacting at that time That's it That's all it means. So what if a lot of traders are transacting at that time? Uh, we want to understand what's going on Uh, who's in control during that time? Okay, so let's take an example. Let's take an a smaller example of that okay So, uh, we we can go to any time frame in here and and take the same example Okay, it's the same as this here Or this here this let's just take the whole move here. All right. So lots of traders This is like a mini initial balance Let's mark it up here In here Okay, so We're looking for the break of this zone in here and it's just breaking it now All right. Great. So now we get a lot of sellers down here. Yeah, we are All right. So then maybe this creates a new zone. This is a break of A balance area here and now we're seeing sellers come in look at the offer Okay, let's see if we can come right back down to 0 8 And retest 0 8 or come back to 0 8 and the low here Okay, and there it is you could have gotten in here take some off Uh, so what around 11 to 0 8 there's three points and you could still be in this Okay, is that does that is that clear? Do you guys understand that? Uh, instead of having to understand just This term Uh terminology initial balance or a terminology of you know, elliot third wave or you know, whatever it is You don't have to know that all that stuff Or an engulfing pattern an engulfing pattern is You know an order flow event as well You just need to understand who's in control and what would happen After some of those areas now. This is a really really good example here Okay, so this is um a lot of traders a lot of transactions in here Okay, and then now we're seeing them move it away from that level here Okay, if there was not enough sellers in here, we still have some buying activity in here We would likely chop around in here for a while Okay, but we broke it. We retested back. This is this too Is a low volume pullback here more sellers Then there are buyers right back to this zone in this level Continuation. Okay, we talked about taking some off right in here 11 taking some off at 08 and then Boy, if you held this, you you know, you're doing just great Again, these aren't trade recommendations. I you know, we're just going through What uh Is going on in the order flow and then starting to understand that and then starting to wrap some Uh a trade management around some of those levels All right, all right guys, so let me get to some of these questions in here So ben. Yeah, that was uh, that was great impulse pullback impulse beautiful Uh, let's see rare. Uh, can I show and let me see I'm not showing my video. Is that that was one part here So hold on Hey, hey, there I am. All right um, so, um Let's see, um Can you edit in place? Yeah, you can edit the rectangles no problem. Um, so so uh, just uh Basically, you'll need to there's a A few different ways to do this and get kind of accustomed to the drawing tools But you click here and you'd have to go to edit mode here. Okay, you can put in shortcuts Uh, as well. I've put a bunch of shortcuts in here. Um, but you need to go into edit mode then click on the um The drawing and now it has the control handles, right and then you can move it around whatever you want to do Okay, you want to resize it you want to delete it hit the delete button on uh on your keyboard Okay I hope that um answers your question Paris Nice to see you. Let's see how much of this price movement. Do you attribute to opex? um, you know, I don't know and I don't even know if I care I mean all I care about is like What is going on in here in the transactions? uh, and uh, and and also the the order book in here to understand that context between the two That's it. Uh, now Because we do have options expiration, uh, and um And and also monthly futures expiration Uh, you know, we um, yeah a lot of times the um order flow can be uh Look weird or you know be it be a little odd like like for example, let's take a look at crude Okay, so crude looks a little odd in here. This is the new contract the z contract it rolled over It looks a little odd because it rolled over All right, so this is So traders are the behavior of traders in here is something a little different than normal Uh, and that's due to the rollover. So, uh, the same applies to opex, uh, paris If that makes sense Okay, so a lot of times uh during the the quarterly rollovers for the stock indexes It can be very very tricky to trade. I know a lot of traders don't trade during that week Or those few days because they they um, uh, they don't see an edge Right, they can't understand the behavior of the of the traders because they're doing something very different Right, and that's what order flows all about. It's all about the behavior of the of the players in the market Uh, and we're visualizing it in here and then we also have the stocks and icebergs which visualizes Uh, very specific players, uh using these types of orders here Smaller retail traders getting stopped out with their stops And then, uh, larger Players, uh, that could be hedge funds could be institutions could be just larger individuals Who have a lot of money who don't want to show their size in the order book and they'll use iceberg orders And we have that behavior in here too All right Okay, milton. Um, uh, how do you interpret stops and icebergs? Okay. Yeah Good question. Uh, the way we look at stops and icebergs, uh is to um And guys, I should we should have like I should have gone through and outlined who's in control now Right in this smaller time frame and this is this is uh Actually, um, we'll get to the stops and icebergs in a minute. I I do want to spend some time on this Uh, and just how important it is Because we started with this higher time frame and and we started to look for some profit first off We were looking we're bullish no question about it Right very strong moves We went through the higher time frame and said, hmm. Okay, there should probably be some profit taking up here Uh, and uh, and maybe we will come down and revisit some of these levels here All right, and that that's what's actually playing out right now And we had our reasons for it too by understanding the behavior and the order flow on these three different time frames up here daily hourly and 15 minute um And and and then we look for these some of these areas to retest like I'm We'd still be looking for them to retest back down here about 86 All right, so uh But we don't know Uh, we'll we'll have to you know read it in here. I mean, maybe they test down to a little bit lower here around 90 Uh, you know 30 36 90 or so And and start to understand that the players in this area in here and uh and the retest down into that area All right, so uh anyway, we started there Okay, and then we started here And there was no question about it. Like, you know very very strong move um Followed by a pullback and a very very strong move again And then we started to look for Uh sellers starting to come and we actually started to see see if we can we can get them in here We didn't we saw the buyers were looking for 20 and 25 Uh, and then uh, we started to notice the behavior of the sellers and the buyers up in here And the potential for the move lower and then we even I covered that example in here about the Um Kind of initial balance or just a lot of trading activity Okay, so a lot of trading activity on the sell side has now occurred over here Okay, so let's start to mark these areas up all right and uh So now that now we're starting to get into some of the fractals uh in the marketplace Okay, so um, I'm gonna make this probably a little bit a little bit higher in here All right, so and we're bouncing around now. Look look at the buyers in here and they broke this little structure Okay, uh right in here. Okay, so uh Uh and they're just retesting it here. Okay now they just made a lower high here More sellers are down here Okay, all right, so we're kind of in a little a little fractal of this stronger move to the downside, right So we're trying to read who's in control who's gonna take control here Uh, and it looks like we got some sellers coming in Okay, don't don't uh, I don't trust it yet or don't like it yet. We're just we're just I don't see the commitment of the sellers down here So, you know doing nothing Okay, if I do get that big red dot down here I'm looking for them to try to trade into 91 and 90 Here we go. All right. See look at the exhaustion up here Okay, they're not not a whole lot of buying Okay, now that's why that's our clue to looking for the next step Sellers here. Okay. Here they come. We're looking for them to take it down into 92 91 90 Hey, just to test down into these areas in here Okay, now one one, uh, we're just at the bottom of the range actually so I I got actually I need to back up and and say You know, you know pull this in a little bit here because uh Yeah, we are looking for the sellers down here We're still in the range though, right? This is important to understand So on a smaller time frame, it's like this would be your profit would be here your profit taking on the higher time frame You're looking for um this sellers down here to break it into these lower areas here Okay, does that make sense? Because we we we always talk about the ranges in here Uh, and uh, and then here's our bigger break Right. Here's our bigger break. All right. So now there's our commitment by the sell side All right, so anyway, uh The break down to retest the bottom of the range here That's that's uh looking pretty good. Uh based on the order flow in here Okay, now see how we moved away from all of this buying in here All right, so uh, we can mark up another one uh in here Okay, we can mark up lines on that too Okay, now it gets a little dicey in here because of the ranges, etc. Like I was was saying But uh sellers are in control in this time frame here Okay, now let's go through the scenarios. What ifs? Okay, what if we get buyers back up here at 95 a lot of buying? What if the order books shows a lot on the bid? What if they're pulling on the offer? That's the order flow. That's the traders telling us something in here And we would look for commitment on the buy side to trade back up into 97 and maybe up into Oh one and a half or oh two up here Okay, that would be scenario two actually scenario one is continuation, which is Unfolding it right in front right in front of us Because these guys are in control Okay, even on this fractal move in here, they are still in control And then here's we didn't get buyers up in here We started to get sellers down here We'd be looking for them to trade into 90 and then You know, they just broke it. Uh, we're looking for 85 Okay, now Where are we going? Let's let's zoom out. Let's look left And we're test we're testing the bottom of this little range here Okay, uh 86 we're at 86 Still like to you know, have it come down to about 80 right here. Let's mark up a line Okay, this is kind of where it broke out from and there was liquidity and transactions here Might even go a little bit lower. Uh, you know, some at 75 somewhere around in here between 80 and 75 um, I'll just mark it up but uh And no in fact, I don't want so many lines on here Just we're trying to make a point here. Um, okay, so let's go back and let's take a look here Okay, 15 minute chart. Well, there's our move All right, so actually on the 15 minute chart. I would look for some profit taking here Okay by the sellers Uh, and we're gonna get a little bit of a bounce out of here All right, I would look for that. Okay based on this chart here now. Let's jump over to book map And we don't really see that Too much here in book map. We just see yeah, we see this this uh around 89 here or 88 And then some of these areas in here still around. Yeah 86 or so That's where we're looking for this to come Okay, uh, and uh, and now we're starting to get the bounce and we're coming back up into Uh, where it dropped from right right in here Okay, now let's look look and read buyers versus sellers here Okay, so and let's dim the heat map a bunch here. Okay, there's still Well, it looks pretty equal. In fact, we let's let's gauge it here. Okay, we can look at cvd To gauge buyers versus sellers in here. Let's take off stops for a minute Okay, so here Here there's still more sellers than buyers Still more sellers than buyers. Okay, but it's it's not it's not bad on the buy side You can see that the buying pressure right versus the sellers So it's not bad, but you'd we'd still look for, you know downside moves basically Uh, at least down to where they broke out from here and we're already there And let's see if we can get enough Sellers to continue on now that that's scenario number one Scenario number two because we're looking at our higher time frame levels, right? What if we get our buyers back up here around Our 95 ish level here 94 94 95 somewhere around in here Okay, where these buyers or these sellers came in Uh and and took control and moved the market lower Okay, well low volume pullback or not. It doesn't matter if we get size up here on the buy side Okay, and here we go. Let's see if they can do it Uh looking for the scenario here is this we're looking for a lot of buyers up here 93 we want to see the bid uh light up as well. We want to see the offer pull Let's uh Brighten this up a little bit and then we can come up to 3700 the figure Okay, or you know some of these previous areas here. All right, so let's see if we get them here Now look how it's dark in here Just I don't like it like it I'm not seeing that off that bid Uh that strong bid here. This is where sellers can easily move it right back down into these lower levels And they are still in control Okay, so we don't have all of the pieces of the puzzle here in the order flow We're looking for that possible scenario and it didn't unfold Okay, so How do you how do you take this or how do you put this into meaningful action? Well, you do nothing or uh, you could even do a range bound trade potentially Potentially it's not these are not trade recommendations, but you know, if you don't see it in here Uh, then you can you can look for these kind of moves back down here Okay, now we're back up and the bid's starting to show a little bit more, but I still I'm just not You know, I'm not seeing it yet Okay, really really want to see something distinct. Okay, now they they came back up here and retested now. They're doing it again Now let's let's just watch this here Okay, now it has potential here to come back up into 3700 Yeah, just I'm not not seeing it yet. I mean we're getting kind of slightly higher highs in here Okay, I just just not seeing it yet Okay, so I'm doing nothing basically Uh, if all of the pieces in the order flow aren't here, it's it's just not as high probability I like seeing the buying up here Uh, it has the potential to come up into 3700 Okay, but it's just not as uh, convincing here All right, now we can look at another scenario where basically where where sellers are in control Up here All right, and you can look for sellers down here at 90 and then maybe take some off down at 87 Uh, and then maybe even look for continuation down into this swing and this liquidity here at 83 All right Okay, so here's our our breakout now this may fail um We don't know Shaping up to be a nice little flag pattern here buyers pull back buyers and then 3700 Yeah, so anyway, uh Yeah, I this to me is You know in my my trading plan. This is no action here Let me get to these questions guys. I'm sorry about not getting to the questions here. Um, I will get it to get to it here um Gambler kkk welcome you're from korea. Okay You're recommended by a friend welcome um Okay, milton back to stops and icebergs interpreting that Uh, so guys, this is failing here. Uh, we're back in the range right back into these sellers in control here okay, so uh It's kind of all over the place here. I I'm still not seeing it now If we do see our sellers back down here. It looks pretty good Uh, it means we now we can get into stops and icebergs in here Milton this is what I'd be looking for if we get sellers down here and we see that that offer light up Uh, the bids start to pull. I'm looking for all of these buyers here To be sellers down in here below 89 down into maybe like 83 And it should be a beautiful beautiful stop run Hey, I would be looking for that Okay, that's how and basically we're we're kind of um, uh Looking for the stop run to unfold it hasn't unfolded yet and we're we're anticipating a stop run It's it's not how to use it. It's just how what we think is likely going to happen underneath here and we'll confirm it, but Um, how we get something more out of stops and icebergs Well, this is not a bad example right in here in fact Hey, this is a big stop run down here. Okay, let's just uh Take a look at it Okay, there we go. Yeah pretty pretty big one. Um Yeah, so like 600 down there, right? So, uh, now we we can start to interpret stops Let me put it on the chart Okay, sorry about this guys. Um, because we're getting some good good stuff right here It's really back and forth in here right now. Uh, but let's let's We'll take a look here at the on chart icebergs and start to interpret Interpret the action and then put it into something meaningful here. Okay, so This was this here was a big stop run All right, so if that's a big stop run, we got to understand the order flow again Into this area here. Wow big stop run. That's people exiting not entering the market So, you know having buying pressure start to come in maybe make some good sense Okay, uh now we'll start to look at what uh, what about all the buying that came in here And if they fail to move the market watch this We'll see we'll see sellers come in here and we'd still look for another stop run to the downside Because all of this buying in here is going to be selling down below All right, here we go. Let's see here if uh Buyers are starting to come in and and they're going to start to try to take control above here, right? They are they're coming back up Uh, it looks pretty good now to finally get to 3700 Okay, because we saw the buying in here Then it's all over the place sellers in here are our beautiful little pivot in fact here around 94 buyers above it Sellers below it retest back and forth in here But now we're seeing buyers back up here again and interest up here Okay, where there previously was interest as well More likely we're going to see it retest back up into some of these areas here. Okay 3700 Okay, because that's where the liquidity is All right, and that's where the first stop would be for that buying pressure to meet some supply Uh, the most of the supply Uh, it would be up there Okay, so milton i'm i'm i'm hoping i'm answering your question there a bit and understanding stops here Now icebergs is actually pretty nice in here too Look at this context here. This is why we have it as two lines Uh, and you see a beautiful context in here. There's iceberg buying In here, so over, you know 600 or so and they are Basically, this is this market is puking and they're they're the icebergs are gobbling it up on the other side I know that's kind of graphic but The concept is this where Retail traders are getting out More astute traders are getting in And uh and finding value here Okay, so here's our move guys up into 3700 it did pull back And now we're clearly above This control level here by the selling And we had that was this control volume by the selling was kind of in question Once we start to understand stops in here Okay, does that make sense? Milton or they you know, we can see how we're we're putting these Uh, these pieces together with additional information with stops and icebergs Okay, and beautiful context in there Okay, that's it. There's way more to go over. Uh, it's a great question But this is just one way to look at it here Uh, you know and and now now let's see let's take a look here at the order flow now Okay, uh, yeah a test up into here is it should be Should happen and then also here we're looking for the next test up into here Where we marked up the selling taking control right up into here Okay, and uh, let's just mark that up here as well with a line Right there. Okay, so at 10 37 10 And we also have this one here this other little area that we marked up here Okay, let's just mark that up too now, you know, we're getting a lot of lines in here, uh, but uh Uh, basically I don't want to look at the this line here. I want it. In fact, let's just do this hold on So basically I want this line here to start here And I don't care about anything else to the left And it's already tested it And so and then this line up here In fact, uh, I don't I don't really I think I from what I recall. Um, I don't care about anything here either Um, except for when it wouldn't want once it began here So here And that would be 37 10 Okay, and then if this is a reversal pattern, well, then this is the easy trade here 01 on up to about 10 Okay, if it can break out from here So we're looking for the order flow now if this is that reversal pattern. That's what we'd be looking for And now, uh, let's let's let's see. Okay, let's let's start to look for buying pressure here And then a nice little pop up into here And let's add a little bit more analysis here for potential pullbacks Where they might come where there is, uh, uh, demand Hey where traders might come in Okay, we've talked about this a lot of times here. Um, if if this is the Uh, the reversal and then we're looking for it to unfold Then we're looking for buyers to take the second leg here. It's basically done leg one here Now we're looking for leg two and and the move up here, uh, to 10 Okay, look at the icebergs on the other side. So a lot of icebergs here already like maybe they're taking profit from down in here Um, we don't know. Uh, but we know they're selling there okay, uh, but um So this again, we'll give you maybe some insight in here. Okay, now this is we just know there's some larger players in here Okay, but we're still looking for the order flow event to unfold And now maybe it's a false breakout What would that look like? Okay, so above our levels in here And then we're looking for uh sellers to come in around here. Oh one and then take it back down into the figure Uh, and then 98 I'll maybe all the way back down to 90 96 looks pretty good too Okay, so different scenarios now And what what I was talking about earlier in terms of like the easy trade um It just basically it's it's like wyckoff with just distribution accumulation Markup markdown. Well, this would be accumulation And then we're looking for markup the markups once we catch a markup. It's it's I find it to be much More straightforward and much easier Okay, you just stay in the trade And that's when we started this webinar. That's what we witnessed in here. It's like these are easy much easier Okay, trading's uh very challenging very difficult It's simple. It's simple stuff but there's so many other things emotions and and uh fears and and uh All sorts of other things that come along with it But we're looking for something high probability And then we go through these different scenarios in here to look for that Scenario to unfold so right now We're looking to see if we can get a reversal pattern and continuation on up here It hasn't gotten to that leg two yet and we're looking for it Okay, so looks pretty good. I still like it here. We're bouncing off of here. We're starting to find some buyers in here Okay, again into iceberg order. I don't like that. So that's not helping Okay, but if we get enough buyers in here, I don't care about the icebergs as much Okay, unless unless they absorb all of it So we're looking for again buyers up here And then we're looking for our markup period. Okay, and that would it would go them up into about 10 Okay liquidity coming in here at eight as well. You can see that Okay, here we go. Let's see if we can get our our markup period in here accumulation And then and what does this pattern look like? Guys down here. Sorry guys. I've been just talking and I've been on a little bit of a rant. Um, it's uh Top gun. Okay. So yeah, they pulled liquidity. Um Yeah, I was Paris. I was talking about quad witching before See and look at this up here. We we still don't know Right. We're looking for it. But we just this is not You know is this is where it's not easy Okay, once we once we see it Start to unfold then it's easy But see how this is just not easy Okay, because we we haven't finished we don't know if this is kind of mark. Um Uh Or you know a move lower and then uh, then like maybe it's mark. Um, I'm sorry distribution and then we're looking for continuation Okay, which now it's starting to look pretty nice actually for that to unfold Look at the selling down here at the bottom edge Okay, but we're not there sellers don't have control here Not yet Okay, and now they're starting to come in Now see how they're starting to move it away from this this area in here Trying to I I'll really like this if we come back up to here o one o two or o three and we see a lot of buying Okay, because we'll have our stop run back up into here. Uh, and then we'll look we'd look for that continuation Okay, or mark up period Right now we're not getting that at all In fact, it's the opposite I'll cover this pattern here in a minute. Um, but we we see it all the time as well Okay, so we see some sort of reversal, uh pattern starting to take shape. We get leg one Leg two fails Then we look for the continuation move to the downside Okay, so, uh We've been covering it for years, uh, and uh, it It just it can't do the leg two. It can't do the mark up period The bubbles are indicating these are delta bubbles volume bubbles. So by minus cell Ben But it's very simple. These are just the market buy and market sell orders. That's it David the cumulative volume delta on toss platform. You can't get um any movement just a flat line I I don't know. Uh play around with the settings come up to studies configuration here cumulative volume delta, um Maybe you have maybe you have a filter in here um You know clear everything, uh, and uh, uh, you know see what you get Go back to reset the whole thing I would imagine that's probably what it is All right guys at looking for sellers to continue on down to 90 here This this is this is the You know, I thought a little bit easier here, uh of a move once we start to understand like who's who's taking control here And now we're looking for a mark down period Okay into 90. There's 90 already looking for continuation now Back down to 87 And a half and then also 82 All right These are easier trades Okay, this is where it was difficult Once we see this and we look we see that sellers down here. This is our leg two. Here's our leg two This is why we we covered late earlier in the week. Uh, it was one week ago We we uh, we're talking about who's in control and flag patterns um, and I think maybe it was uh tuesday and and Monday and tuesday of last week we were talking about marking up very just starting very very simply who's in control and moves Okay, and then that can be extrapolated out on all time frames and that's all you need to know potentially Potentially it depends on what you know, what what you want to What's more comfortable with you? But if you're like you love your Fibonacci's or you love your floor trader pivots or whatever I would just recommend looking at the order flow around those areas So let's see Look at the bid see how the bid is pretty strong in here. Let's let's let's zoom out again Let's look at our higher time frame not only in book map Uh, but uh on our 15 minute chart. Okay It's a lot of selling uh that just came in Okay from from uh the the figure on down Okay, previously we were looking for more buyers Okay, and and this was a little minute, you know head and shoulders Inverse head and shoulders here and we're looking for a continuation pattern Right or markup period Uh, and then we're looking for that second leg. That's what failed and we see the sellers come in we've Very clearly you can see the trend lines, but uh, once we see here's leg one. Here's the pullback leg two We saw the sellers again here Leg two up here. We saw buyers up here, but we didn't like it, right? We you know, we talked about it several times And um throughout this process in here. It's not bad actually. It's not bad But uh failed to go higher. We started to notice some icebergs, but you know, this is uh a confluence in here and then Once we start to see the direction and the pull away from this area in here You see it here. Here's the pullback here. We go again. This is where we started to note something Okay, we we noted that we're looking for this kind of uh lower area in here Uh, and then once we saw it in here again, that's when we're looking for the follow through so leg one Pull back leg two and then push Uh on lower Okay, and uh beautiful move Okay, so it all starts with identifying who's in control Okay in here and in here And look at these very paltry pull backs in here Okay, and then we're looking for again a break of that area in here once we start to see the seller So continuation leg two So basically here is your distribution And then this is your markdown Okay, and it's still searching Hey, look at this move here. There's 80 Okay, this is another I mean once we start to see that that really pick up in here You're looking for it to trade into this high liquidity in here. This is moving pretty quickly right now Beautiful stop run as well here and look at who's on the other side here. All right. So this is again another puke Right. It's it's it's really flushed out. Uh, the uh The the buyers up in these higher areas here and look who's on the other side All right, so that's a context again Uh get back to milton's question. All right. So how do we read this? How do we put this into perspective? Well, we we we understand what the order flow is in here now not all of these are our stops, right? Uh, but here's the context Okay, first off without stops in icebergs the context is this there's high liquidity on the bid here It's getting filled Okay, uh, now we also know that there's a lot of traders in here getting stopped out That's right here. Uh, it's quite a bit quite a big, uh move here here 646 and here's another 37 here Um, I think it's more than that. It looks like Looks like it's almost like 800 or so I have it filtered in here on the on chart. So, uh, uh, I don't want to see every single one But uh, I'm sure it's filtered out some smaller ones. All right. So now, what do we know then our context is? Yeah sellers in control true here all right, however high liquidity on the bid after this this, um distribution marked down period Okay, we could look for the scenario of buyers back up above here Okay, and we because we know there's a lot of stops in here. We know there's a lot of icebergs buying in here They're likely covering from up in here Uh, we don't know that though but um We can go through the scenarios though right now If there's more sellers back down here, though We can still look for continuation All right, this is a low volume pullback here All right, but it's this range now that we're looking at here Okay, and we also have this context here Okay stops and icebergs What we need to see though is the buyers back up in here Now if you start to see buyers already starting to kind of come in here at like 80 82 let's say Okay, and a lack of selling down here or You know buyers in here a strong bid here you can even just trade it back up to the top of the range for a small scalp Okay But you got to get the buyers up here Okay, and it's got to look good. It can't be dark like this underneath here. Um, uh, because uh The sellers can come in and whip it right back down Okay, but anyway the the concept is to look for those buyers up here look for them to trade it back up here Then you take some off And you can look for the continuation back up into here if this larger play Is going to play out As we're going through all sorts of stuff today And then the the move would be um, you know top of the range here Now we're looking for buyers to to break it out of this range here Okay, and then this would be like a mini flag pattern in here too And something like that Okay, what's the likelihood of it? I don't know. Uh, it This is why like just taking it to the top of the range and then you know getting stopped out at break even Or maybe taking all your profit on some of these smaller moves um You know more probably a probably a better idea um Because we're looking for the the if we can get our buyers back up in here They should test of the top of the range for all the reasons we've mentioned, you know, this is kind of uh We see that relationship with stops in icebergs So Milton that should answer again your question On understanding this context in here and how to gain a bit of an edge off of that Nice edge off of that Again, it's just basically uncovering A lot more in the order flow is the actual order types and due to the order types We can understand who's using them Okay, larger players are using um, uh icebergs Smaller players are using stops All right, I'm gonna put a poll in actually I'm very curious about this Okay All right guys can't wait Can't wait. Please uh, uh, tell me do you use iceberg orders? Yes, or no This this should help Uh help us discern a little bit here Put some meaning on this I don't even know how you'd use it if you'd want to Yeah, I mean we're so small compared to these larger players right Micro player you're not using the icebergs on your micros. Okay Guys looking pretty good here again. Look at the order flowing here But now you know, I don't like that it's dark in here, but I do like the volume Uh that we see the buyers up here and and we had kind of a Not too much not too many sellers here and buyers back up here again Okay, and it's a higher low At yeah, I I take that off the table though because like it is dark in here We don't they're not on the bed. It's just coming up and retesting backups to the top here But this we do look for right if we if we look at Um this kind of structure in here right buyers up in here. Let's make the dots a little bit bigger Yeah, you know see that kind of imbalance here on that buy side Right now they just retested again and they still failed to make a higher high Okay, so here we go again now Up in here if we're going to look for that breakout up in 90 This be be careful here because what we need to see is the the buyers here above this little swing up in Here we want to see them at 85 and a half Right, they're there. Okay now Let's see if we I don't like the bid here, but yeah, I'm I'm looking to see if they can break it on up into 89 and 90 now Okay, just based on the transactions not the heat map Okay, I've really got to see the bid in here Uh follow through on that for something higher probability Else this will be again a false breakout, right Wow, okay, it's 20 percent in here are using icebergs According to the poll That's a lot higher than I anticipated. I mean, you know, there's there's services out there like uh that you can get You can be co-located And uh even platforms offer it All right guys, so we went we went through this scenario in here and this this played out just beautifully up into 90 You know, but you know again like this is these kinds of trades in here Although it like we got to read the order flow and go through it You know, we didn't have the all the pieces of the puzzle here Okay, we we want to we want to see the uh the bid in here as well Uh, and it really hits us over the head, right? This isn't this is pretty good now. It's looking better and better. Um But uh, yeah, I I I would miss this here And milton there there you go. We've got that context yet again here Okay with stops and icebergs Pretty good insight. Okay now That insight though remember this is what we talked about that insight has to First order flow has to align then we can You know look at that story of stops and icebergs uh in here All right, so uh this um Uh, we've seen this now three times today Okay, and they've all played out And that's a nice edge and again what something that I think most of the traders really appreciate about stops and icebergs In book map here is Just it's a very very objective thing. It's just showing you stops and icebergs Putting it into content is is understanding though the details in the order flow the order types that are actually transacting POC moved up. Okay, joe. Thank you Again poc technical term Guys, what does it mean? It just means the most traded level There's all sorts of things you look up poc and strategies and whatever a vwap and strategies Just understand take for example, let's just take for example this move in here these moves Okay, uh, where is the most volume trading within this area here? It's right here Hey, look at our look at our profile 91 All right, so that means value in essence That most traders kind of agree that that's a pretty good price Okay, exploration of the value areas would be down here at 85 Can it trade down here? Can it trade to a previous value high value area down in here? Well, it's not it's exploring higher. All right, so now up here. This is why we look for the scenario What are we looking for up here for it to break this value? up in here this this Some of these traders up in here to break away from or break To be worth more because a lot of traders don't necessarily think this is worth more here They think it's worth something here at 92 and then also this 91 So what what are we looking for up here? All right, this is and then now we can start to even put together and piece together some of our trading plans Good morning, everybody. I'm sorry discord guys. I'm just getting uh to some of your things here Razor you you can't afford the actual order type. Um McLoco good morning Next poll are you telling the truth? Yeah, that that is funny. Uh, slow down. Um, I that's what I kind of thought too Is like the 20% that's using icebergs like yeah, I don't know about you guys, but uh, maybe maybe Um, I would be surprised. Um This couple seeing is rubbing off on me. Yeah, I know I've been on a quite a rant uh this morning Too much torque Good morning, jc. All right. Well anyway guys like, uh We we're talking about what some of these things mean Uh, and then we can use them on all all types of time frames too, but once we understand only once we understand what they mean All right, like I said, these are so fractal these markets and they do operate in the same ways JP Morgan is watching youtube Um Yeah, maybe uh confused icebergs with limit orders. Yeah, maybe uh brett that's that's possible. Um Why would a retrail retrail trader use icebergs? Well, let's say you have a hundred lot that you want to trade There's there's accounts out there of retail traders that are just enormous And they're like high level traders Yeah, they why wouldn't why wouldn't they want to use an iceberg? I mean if you've got a couple of million in your account And you're trading like hundred lots or 20 lots or 10 lots, whatever it is You may want to use an iceberg. I mean, it's all about the fill, right? So, um I mean you want the best fill you can get And that would provide an edge All right guys. Well, anyway, like even even poc, um Let's see who who brought it up here. Um Oh joe did. Okay. Yep Forex student, how can you get bookmap go to bookmap.com? You'll see under pricing um the different versions uh and You know should give there's a comparison chart down below you can there's a link to click on All right, guys. We're starting to see more interest up here by the buyers, right? So let's see. I want to see them pull away from this area If we're going to talk about volume profiles and pocs, etc This is this is where we need to see that buying interest up here at 95 or 94 Not not just here. That's just not enough Right. This is where we want to see it up here Hey, and how to how to uh, maybe even Um Anticipate that would was when you start to see structure in here like made a higher high here Made a higher low here, but I would love to see less selling here And then look at the buying here now it's still The buying's up here. I want to see it here 94 Okay, and then if I see it here, I'm looking for them to try to break out up into 3700 Okay, but right now we're still within this range in here of all of this price action And and this is just it's synonymous with some of the things we've been talking about who's in control in certain areas Okay Where buyers are in control in here? Okay, and then these little areas We see some selling coming in But up here now we're we can up end those sellers if we can get back up above here Okay, and then we got to get our buyers up here Okay, 94 we get our buyers up at 94. I'm looking for Um, let's let let's look at a measured move. Okay, so from here on up to here Let's edit that And let's see if we can uh Yeah, um up into the figure or maybe a little bit higher here Okay, so now see how that that kept us away from this so far Because we're not we weren't getting what we wanted here Okay, if we did get what we wanted we'd be looking for this up into 01 or or 3700 Okay, we're back in the range here All right, so this is this is like enticing it's advertising Uh And it is failing to make it in here although we had a few ideas of why Why it might you know why it might work? Uh The structure uh some of the selling in here getting above them and upending them and seeing a stop run to the upside Up into the figure here at 3700 Okay, and uh, but we didn't we didn't see all the pieces here So we just kind of we shied away from that. Okay, we got to get the buying up here, right Buying in here is good That helps but it's up here is where we need it. Okay, let's see. Oh boy answered your question. Um A few market makers are in the room. Yeah, exactly Oh guys, look at this. Okay, that's the stop run there a beauty. Um It's actually not as big as I I Thought it was let's let's take a look at it It's uh, this could be just um, well, let's see From 2800 down to So it's yeah, it's it's 146. I'll see how it just says 30 39 in here though Here's why I just want to show you guys that on our on-chart here I have this filter on right here. Okay. It's at 33. It's gonna anything less than 33. It will not show If I take that off here, uh, we should see it Yeah, hold on a minute. Did I do that right? Oh, it's still at 33. That's why okay Um Okay, there we go. Whoops Did it again. All right, never mind. Uh, let's try that. All right Okay, so now now we see it 100 uh 139 or 138 Okay, and there we go Right in there. All right. So just just make sure you know, you know what you're looking at with your with your filters Hey, this one here is not filtered on on the In the sub chart. Okay, but I really liked I like the filter here But note that that's why you're only seeing 39 there Yikes, and we missed this one. Okay, so Yeah, pity, uh Anyway, uh, Milton, uh same idea Look at that context in here Buyers back up above it look for the top of the range first And then we're back up to our 94 right and this is where here at 94. Let's look Let's look at it. Okay here We want we want we want to see buying up here at our 94 level here Okay for for the move up into the figure Okay, well, yeah now we're starting to see it here. I'm still looking for it. Uh Basically it it kind of broke out and it came back and retested here, but I'm still looking for it Okay, so here we go. Let's see if we can get our buyers in here Uh at 97 And then try to hit the figure here Okay, it's kind of struggling Well, it's within these these areas here like our Our balance areas initial balance areas same same concept, right? And here's the pullback to where that flag pattern kind of broke out pulled back broke out Okay, we want to see exhaustion here The bid strong Come back up to the top of the range If we can get that and then uh more buying up here up into 37 100 Okay Still pretty dark under here Um on the bid so we don't really have all the pieces still Oh, sure. Oh boy. You want to take a look at the candlestick chart for the downtrends uptrends, etc. Yeah, sure Guys, this is where it can be really tricky in here. Um You know the um, we've got our european clothes coming up. So we got players doing different things in here, but uh You know, even though we're below and you see that selling coming in here These buyers, you know, this is where they took control of that market, right? So we're we're basically within that range right now Okay at here and up here and we can probably get rid of this one Okay, so some of these moves in here sometimes they can be just beautiful Look for it in here. You get this is good. They can be very tricky But look for the order flowing here Uh to support it like uh these little high these little nooks in here higher highs higher lows Etc. And then you can look for the move back up to the top of the range and then the potential for the breakout as well okay, so uh what we see in here, well Yeah, I mean a smaller trade would be up into here and then up in here You're looking forward to trade back up into point of control of this little range in here And then maybe through it to the top of the range now We have the potential for the move higher Okay into 3700 Okay Does that make sense? I this is this is the control here. This is the pull back here Then we're kind of Really looking in here for those buyers to come back in and then do exactly this Okay, back to the figure here Okay, so and stop run into that as well Okay, it makes sense. Does that make sense guys? I mean, we're doing the same thing again We went through the control in here Guys, if you like this stuff, please uh subscribe to the channel Uh and Give us a thumbs up Like like the video, uh it um We want to provide very high quality education for you And we want to get an understanding of what it is you're looking for and uh to support it here Why do icebergs go up? I don't understand uh rare the question there Sometimes the icebergs move. Uh, there's a live one right now Uh, 223 transacted right here. It's still in the market. We know that In fact, they these guys have been in the market for a long time They it looks like they just transacted a little bit there But they were in the market way over here And they're just waiting to get filled like this guy in here too. Uh, he he he was in here Transacted 122 And then he was fully transacted here. It executed for 470 Ha you love the polls. Okay. All right. So supposedly 27 of the people I'm going to end the poll here Uh, 27 of the people say that they uh, they use icebergs All right, uh We have to might have to do a second poll where were you lying on the first poll? Um, I like that idea, but uh Anyway, um Yeah That's the data we got Why do icebergs go up? Um Well, this this is cumulative volume delta in here on icebergs. So if it's a cell iceberg, it'll be a negative value Uh, and these are cell icebergs in here. They're on the offer getting filled and their position is what we're counting in here So their position is short. These 470 that executed their position is short Uh, this other 105 that transacted here their position is short This guy down here. He's below price. His position is long He's he's in here trying to get filled too Right still in the current market. He's got 50 on so far And we don't know this is where the hidden part. We don't know what's behind it We don't know if this is 2000 5000, you know 225 224 we don't know And sometimes these, uh, I think answering the question asante. Um, sometimes these are moving. Yeah, they'll move them Uh, you know, they might not stay here at this price level. They may they may chase they may even pull it away and and add down here You know in front run high liquidity down here You know something like that All right, so let's see. Uh, oh boy wanted a request to look at this higher time frame. Well, here's what's unfolded Okay, pretty choppy, uh, as you can see Uh, and on that 15 minute chart now our hourly chart or 15 minute chart on the Even on the daily here this this daily candle here We saw the you know some strong buying coming in But then we started to look for i'm sorry in here I look for uh, you know some profit taking due to this up in here on the 15 minute chart Okay, we got that one We saw the sellers roll in then we're looking for them to take control on the smaller time frame And we were looking for the move back down to about 86 here They went they went a bit lower, but look at the buying tails down here Okay, so now we're coming up and retesting this 3700 All right. All right buyers. Let's see if can you get to 05 then? Okay on this chart I'd be looking for 05 for these buyers Pretty strong buying by looking at this 15 minute chart This would be the other level 08 right here Just by looking at the candles here Hey now book maps looking great Okay back to 10 So that was uh, that was really nice Uh suggestions to take a look at higher time frame Okay, because we can look for the order flow event to unfold in that direction Uh, once we start to see that on the higher time frame. That's the those are the scenarios we're going through okay, and And mark again up who's in control Okay, now look at this example here of who's in control Okay, we came up with this one here strong buying we talked about this pullback Well, we still talked about this as being the one that's in control And we can look for that buying again at the top edge here to trade up into 3700. We got it Okay, and uh now And we got a pullback And we still be looking for it up here Uh By going through the scenarios in these higher time frames in here Okay, so now look what it did Okay, it actually went above our little swing in here Uh at above 08 not by much came up to about 10 Okay, so let's take a look Okay, a little shy of 10. No, it looks like 10 transacted 69 contracts or so Oh boy. Good point Uh, maybe the poll was unclear. Yes Uh, do you use icebergs? Um For like like we are here Uh, I should have said do you use iceberg orders for transacting? Yeah, all right. I'll throw another one in there really quickly. Uh, so, uh So we'll we'll get down to the bottom of this here Even more specific transacting your orders Yes or no All right. All right guys. How about it? Let's go let's cover. I mean this has been a pretty pretty nice day Usually to be honest fridays are I find kind of challenging. Um And this is option exploration as well. It should be even more challenging. Um, we we read the read things pretty nicely here today the um Very simple stuff And you can see we're working on all time frames very small time frames medium time frames and higher time frames Okay. Now one thing I wanted to cover in here is something I think uh, oh boy was was requesting looking at the higher time frame Uh, look at some of these areas in here. Um, you know, when you see like maybe an hourly chart and you see a strong candle Uh, and then maybe the you know in in on the lower time frames. It is slowing down Uh But is this is still a strong candle on the hourly We'll look for strength in the order flow Uh to continue that strong move on that hourly chart, right? Now you're aligning your higher time frame with your lower time frame Uh, and you can look for pull backs and then continuation patterns uh, so um This is you know utilizing that those time frames and fractal natures of these markets Uh by understanding the order flow the order flow on the higher time frame. It has it has strong momentum There's a lot of buyers more buyers than sellers moving that market higher Then we get a pull back on the smaller time frame Then we look for well, for example, maybe buying at the top top edge here or exhaustion down here traded up to the top edge Uh, and then continuation And uh, that's another thing to take a look at here and consider so those higher time frames Uh aligning these these time frames together Uh via the order flow For something that is a higher probability Okay. All right. We got 20 now voting Uh for uh the question here in the poll. Uh, do you use um iceberg orders for transacting your orders? Okay, very specific Uh 20 said and it's 100 no. Oh, thanks jc Thank you, uh, uh, bay c 1000 uh Uh, I'm glad you guys find find these of value here. Um Yeah, we do it three days a week. Uh, we have all sorts of education. So, um, After this webinar or he's already started we have tom b. Who's a volume profile trader? Okay, so you can follow up and follow, you know continue on uh with uh volume profile Okay, uh, and um Then uh, you know, we're bringing more and more people on We have all sorts. We have rain in the morning. Who's a crypto trader? And he's going through, uh, bitcoin and other crypto instruments Is at 830, uh east coast time for an hour 830 to 930 So all sorts of stuff happening over here. It's in our come to our discord channel You'll probably get a lot out of that. Uh, and, um And then all the various trading, I mean, you'll see it again and again And then also here in youtube, uh as well Okay, so Yeah, thanks guys really appreciate the kind words in here. That's, um Really motivating uh to continue To offer these these what we think is is quality education Uh, Diego my what are my expectations for bitcoin? I I I really don't know what to tell you. Um Uh, I've been kind of I've kind of held off pondering that one a bit. Um Uh, we can we can take a look at the bitcoin, um futures here, um, but um Yeah, well guys, here's the same idea here. Look at look at we have, uh the 306 Uh 100 000 Uh, these are liquidations here. This is like a stop run. It's even worse Uh, and then look at the same same concepts. We just covered about, um You know, if that's a stop run or liquidation in this case Look look see the buyers come in here at this kind of top edge right here Look for them and trade right back to it here Uh, and then maybe they can get back up above it and get some buying back up up into these areas here So our pivot line is here at at, uh, 1800 900 Uh, and it traded up into and through, uh, 19 19,000 So I I don't really know what to tell you. I mean, it's below it's below 20 grand right now And it's been chopping around quite a bit, you know, maybe the game is over Maybe there's a lot of the scripture traders have gone home. Don't know, uh Maybe they're not trading anymore. Then then this is going to be chop chopping around in here for quite a while Maybe, you know, maybe it was a fad Maybe they come back in If something happens to a currency, uh Like, uh, I don't know if you guys remember, uh the euro Uh God of what year was it? It was like 2012 or 10 or something in the euro They froze the euro in uh in cyprus And uh you or you couldn't get money out so, uh Bitcoin was all the rage. That's how people could get, you know, transact and and and get money out was uh via bitcoin so, uh Maybe we see some event like that that unfolds So keep your eyes open and and uh see if uh Something like that, uh You know may bolster some some bitcoin look look at other governments reactions to it. Maybe they uh, uh ban bitcoin They're afraid of it like china All right, so we got nine percent that are using, uh Iceberg orders to transact All right guys, we'll end that one too and um Yeah, yeah, thanks for hitting the like button there, uh and uh Uh Come into the webinar guys. Uh, let's see a nuance between us order flow Tom be the volume for pleasure Well, no, I mean, you know tom's looking at book map in the order flow as well, but he's within the structure of using volume profile Okay, that's his higher time frame structure Okay, so he's looking at things like this in the profile and he's he's his um He knows the transactions like here have taken place within this area. Okay. I'm looking at it here in the vertical not the horizontal Uh and looking at, you know, who's taking control in some of those areas Uh, and then he's looking at at profiles in here Uh, and then he's gaining uh insight by how much is transacted in here and where it is more likely to go So, you know, a lot of times he'll talk about like it's coming up to the top edge uh up in here uh, and uh, you know It's in the auction process You know that it's a little too high people aren't finding value out of it Then and you see the buying starting to maybe sellers on the offer up here You maybe you see a lot on the offer getting filled Maybe you start to see a lack of buyers. They get exhaust out. You start to see sellers roll in Well, what are they gonna do? They're gonna trade it down to value where it can transact. They're getting a discount here Uh, it's too high So they'll trade it back down into here same concepts. We've been going over to Uh in order flow and it's all an auction. Okay, we're going over More kind of market mechanics and binary levels of understanding What these things are uh from the we can go back down to our education does we go back and we start at The bid and the offer and the transactions And the uh, who's taking the transaction? Okay, who's providing liquidity? Uh, and we look at this. This is a range right now Well, if we get buyers at the top edge though, and we have a lack of sellers down here I'd be looking for them to take it up into some of this liquidity here Okay, just like that All right, so uh, here's again more. Well, they should be able to hit it up here right understanding this Will allow you to understand this Which will allow you to understand You know this big move here Which it can be all extrapolated To understand like this here on the 15 minute chart or on the hourly Or daily, uh, some of this okay, or the opposite would be the sellers in control in these areas here Okay, so it is the exact same stuff All right, so anyway guys, let's uh Let me see james. You got a question here. Oh learning about from these sessions We'll get we're going to get uh more in deeper and deeper into it So the james you can apply this to anything Uh, and we'll talk about trade management, etc So that you can apply it to anything uh in here All right, ana. I hope I answered your question there. Um, it's a it's a different way of looking at the uh, the The um The trading activity basically All right, so All right guys, thanks for coming everybody. Uh, yep Please, uh, please subscribe and come come into our discord room lots going on in there New streamers starting to come in. I think you guys are going to be very interested in some of this Uh, so we'll see you in there. I hope Go to our website and just uh, you'll see a A link to discord right there Okay, thanks guys. Have a great weekend and we'll catch up on monday. Take care