 The broadcast is now starting. All attendees are in listen-only mode. Good morning, traders. Welcome to the Bookmap Professional Trader webinar series. Today we have Jean-Marc Souliou. This webinar, he is French. He will be speaking in French, but it will be translated in English by Coray. He is excellent, so you'll get everything from Jean-Marc here. It really doesn't miss a beat here. I don't know how Coray does it. He's excellent at it. These guys trade together quite a bit and know exactly what they're talking about with each other here. Anyway, Jean-Marc self-taught professional trader here, using primarily his own money with a scientific background, mathematics statistics probabilities. He's been trading for quite a while, from stocks to forex, and then futures now. Looking primarily at the limit order book, time and sales, volume profile, and specializes now in market microstructure and order flow analysis. He's a scalper and he's very rarely in positions longer than a few minutes. You guys that are scalpers out there, this is going to be a great webinar for you. You can see some of the bookmap content or contact information here reached out to us at support at bookmap.com. Risk disclaimer, I need to go through this. Trading futures, equities, and digital currencies involves a chance of risk of loss, and it's not suitable for all investors. Past performance is not necessarily indicative of future results. And then here's Jean-Marc's contact information. Okay, and don't worry about writing this all down. I am going to periodically be pasting it into the chat for you guys, so that you have all the links and emails, contact information, or I'm sorry, Twitter, YouTube, Facebook, et cetera, as well as the special offer bookmap link from Jean-Marc here if you're interested in that. So without further ado, let me turn it over to Jean-Marc. Hello. Hello, everybody. Okay, yeah, we hear you great. Yeah, we see your screen. Yeah, we see your screen. Yeah, it looks great. Yeah, you have Jean-Marc's screen. That's all right. Yeah, looks great. Bonjour, tout le monde. Je me présente. Je commence, Bruce. Okay. Donc mon nom est Jean-Marc Soullieu, comme disait Bruce, et je suis un passionné d'order flow et un trader au carnet d'ordre, et donc un trader avec bookmap, puisque bookmap est un carnet d'ordre. Je suis maintenant six ans pour bookmap. Jean-Marc just introduces himself, Jean-Marc Soullieu. He's been, well, he's focused on order flow. He's an order flow trader since now six years or more. And so he specializes in order flow bookmap and order book patterns and all kind of microstructure stuff that we'll review together today. Tout à l'heure, par curiosité, je regardais quand j'avais fait ma première vidéo sur bookmap, et ma première vidéo sur bookmap remonte au 4 juin 2014, et j'avais déjà commencé à l'utiliser, donc j'ai commencé à utiliser bookmap début juin 2014. Just for your information, Jean-Marc, well, we were talking with Jean-Marc just before the webinar started and checked the first video Jean-Marc made using bookmap, and it was in June 2014. So it's been quite a long time. You can see all those videos on his YouTube channel, by the way. OK, personally, I'm a trader, not a trainer. Jean-Marc is not a teacher, he sees it as a trader, right? J'ai une chaîne YouTube de partage gratuit. So he has got a free YouTube channel that you have the link on the screen. And, on the other hand, I have a very good friend and a trader with whom I trade every day, who has a website, tradingmarketprofile.com, and who does training on all the tools I'm going to present today, and especially bookmap. So Jean-Marc has no commercial website on his own, but he's trading, well, he's trading with one of his very good friends and colleagues that he's trading almost every day, who has a website where you will find as well almost all of this content. And you have this, the website, the link here, httptrading.ormarketprofile.com OK, so let's get started. Un résumé très rapide de ma façon de travailler, parce que je vais résumer, parce que sinon ça va être très long. So just a quick summary of the way, or the method, basically, or the routine that Jean-Marc uses. La première chose que je fais, c'est de cadrier mon terrain, de regarder dans quel context se trouve le marché et quelle structure de marché j'ai en face de moi. C'est ce que j'ai appelé la background information. Je ne sais pas si c'est ça, de courant. Yeah, so just to summarize, first, you need to identify the context. Well, it's in English, so I don't think I need to go through it, but to trade with confidence, that's exactly what's written. To know the context, what has the market been doing over the last days, over the last hours, where are the ranges, what has the overnight session been doing, etc. OK, deuxième chose, j'identifie les niveaux et les zones où je vais intervenir. The second step is identifying specific intervention levels, where he will look to find trades basically. Levels, areas, zones, for example, areas with stops. Ensuite, grâce à l'order flow, grâce au carnet d'ordre, grâce à Bookmap, je surveille ces niveaux et c'est l'order flow, c'est Bookmap qui me donne ou non l'autorisation d'entrée en position. So then once the context is clear and the playground is defined with intervention levels or zones or stop areas, whatever zones I think we'll go through it, then Jean-Marc monitors the order flow to see around the intervention levels or zones that he has identified if basically there is a trade opportunity or not. Après avoir vu un bref résumé de ma méthode, on va regarder quels outages j'utilise. Quels sont what are my tools to apply my trading method. First, market profile et volume profile. Et c'est grâce au market profile et au volume profile que je vais faire ce que j'appelais tout à l'heure le quadrillage de mon terrain de jeu. So first the tools for the context that Jean-Marc uses are market profile and volume profile. Et c'est grâce au market profile et au volume profile que j'aurai mes niveaux et mes zones à trader. So the areas and levels that he identifies are done accordingly using those tools, market profile and volume profile. Ensuite bookmap qui est le centre de mon trading, vraiment c'est l'outil qui est au centre de mon trading va me donner l'autorisation d'entrée en trade. Et en second support de décision j'ai le footprint. So then after the volume profile and market profile bookmap is the center really of the decision making in the strategy. And as a confirmation Jean-Marc also used the footprint which gives, well, another view or sometimes confirms or gives more confidence. Oui, ça augmente ma confiance. Just a different way to put things actually. Et moi j'utilise bookmap pour trader, c'est-à-dire que j'exécute mes trades dans bookmap. So and Jean-Marc executes through the execution function of bookmap, always. de toutes les patterns order flow qu'un bon trader au carnet doit connaître. So it's not possible to go through all the patterns, all the, well order flow is something we could discuss for hours. However, you will see here the different patterns that you have to know or understand basically to use order flow to make decisions. So you see rejection, exhaustion, unfinished auctions, iceberging, sweeping, spoofing, et cetera. Aujourd'hui on va voir un peu de flipping. On va voir un flip. So today we'll see some flipping. Book flipping. Et un front running aussi. Et un moment of ammunition. Un moment of ignition. Et je crois que le coup d'un flow driven market. Ah ouais. Un flow driven market. Si on a le temps. Si on a le temps. Si on a le temps. Si on a le temps. OK. Attends. Hop. Je repars là-dessus. Excusez-moi. So je vais montrer deux ou trois exemples de trades hier. Un, le premier sur le E-mini SP500 à l'ouverture de la session cache. So we'll go through a couple of sequences or trades. The first is yesterday on the E-mini, the spoof. OK, je vais vous montrer sur la plateforme où j'ai le market profile et le volume profile. Comment j'ai fait mon context avant de commencer à trader. So let's go through the step by step through the context before coming to the trade itself and to look back to the execution. OK. Alors, le market profile. So first the market profile. Yes. Vous voyez mon market profile là, c'est bon? Oui. C'est bon? Alors hier, la journée d'hier, c'est ici. Ça c'est de la grandeur un peu, non? Oui, je peux un petit peu la grandir parce que c'est... Mais il faut... C'est bien comme ça. C'est un market profile pour le SP500 avec... Il est scindé en deux, il est coupé en deux. Il y a une partie qui est la session overnight et une partie qui est uniquement la session cash. Et donc je vais prendre... So here you see the market profile. So each profile here represents... So the first profile represents the overnight session and the other profile does represent the cash session. OK. Le rectangle vert, c'est la session cash. So in green you have the RTH and the bigger rectangle is the overnight session. Vous pouvez le mettre en rouge. Celui-là c'est le red overnight. OK. Je vais enlever ça. En session overnight, quand j'ai fait mon context, j'ai remarqué que nous avions une session très balancée avec un POC, c'est-à-dire un point of control, market profile et un point of control volume avait POC au même endroit et très marqué, très pointu. Donc en général, quand c'est très pointu comme ça, ce sont des niveaux très importants ici. So the overnight session shows a really a balanced profile with a high kurtosis, let's say. And we see that the volume profile or the point of control in volume and in time or in TPO is at the same place or at the same area. I can't read the level but you see it in red, right? Là je fais le rectangle. Il y a un magnifique POC, une value-arrêt à très resserré avec un POC au milieu très marqué. Et si on retourne un petit peu en arrière et que je regroupe les trois ou quatre derniers profils, so if we go back in time and merge the previous profiles, on voit que les deux ou trois derniers jours donnent un POC vraiment au même endroit. C'est un niveau extrêmement important. Then merging the two or three last days, you find exactly the same level as far as the point of control. Here you see it in this small box that Jean-Marc is drawing on the screen. So it's all corresponding basically. C'est un niveau à l'ouverture quand le SP500 va ouvrir et on sait que le SP500 va ouvrir à peu près juste au-dessus ici. L'ouverture va se faire juste au-dessus. C'est un niveau qu'il va falloir surveiller parce que si on vient chercher ce niveau, il va falloir surveiller Bookmap, le footprint, pour savoir si on peut rentrer dessus à l'achat ou pas. C'est un niveau très, très puissant qu'il va falloir surveiller absolument dans Bookmap. So we know before the open, before the market, the cash open or the RTH session starts, that this will be a level to closely monitor for a long entry as long as we open above it. Bien sûr, il y a d'autres scénarios. Mais comme le temps nous est compte aujourd'hui, je vais directement au scénario principal qui est celui-là. Yeah, this is not the only scenario for the day, but as we are limited in time, we will go through. I mean, we just will mention this scenario. Ce qu'il va se passer, en fait, c'est une ouverture assez typique. Je vais vous montrer une diapositive de quel type d'ouverture on va parler, et après je vais vous la montrer dans Bookmap. C'est une open rejection reverse dont on va parler. So the opening type is quite a usual or the usual pattern that we find especially on this market, but not all markets more generally speaking. And it's an open rejection reverse. C'est une open rejection reverse. C'est une des ouvertures type market profiles les plus compliquées à trader. Le marché va ouvrir, à aller chercher un niveau qui va rejeter, se renverser et ensuite continuer bid-up bid-up bid-up bid-up bid-up bid-up très très fort. Et on va voir dans Bookmap à quel moment on pouvait entrer en position et qu'est-ce qu'il nous a confirmé l'entrée en position de ce type d'ouverture. So it's one of the most difficult open configurations, let's say, to trade. You have here what is awaited, but when to decide to enter a trade and to basically understand the kind of opening is what we will now see with Bookmap. I wanted to add that we had a conflict with other levels at the same time. I'll show you, for example, it was there yesterday, we had here the little orange, it was the VWAP cache. So we had on this level, we also had a couple of other levels or other confluents, let's say, of informations or levels like the cache VWAP. That was the pivot for the day as well. And here you see, it's the VWAP volume profile, you see that we have a big POC volume, as I said earlier, around the opening. Okay, anyway, a volume point of control from the day before, just about. A last information before we start, we also have, at the opening of the Cache Chession, here this very gray, surrounded by yellow, it's the VWAP Globex. So really, it's a zone where the SP500 will open, where there is a very, very interesting level of confluence. Anyway, I put them in Bookmap, they are in Bookmap, I'll show you. So what you have seen in the yellow channel with the gray line in the middle was the Globex VWAP. All the levels are here, all the levels I just talked about are in Bookmap. So all those levels, you can see that Jean-Marc references it in Bookmap, directly in the custom notes. Or we use that as well in another function too. We will look at the replay of the opening to show you. So we really have a very beautiful zone. Can you zoom in? Yes, yes. So we really have a very beautiful zone here, with an incredible level of confluence that you will have to look at. Let's go here, I'll show you the replay. So above those levels with this beautiful confluence of different levels. So I'm going to accelerate a little because otherwise, since we don't have much time, I'm going to put Speed ​​4. So the SP will open in a few seconds. Speed ​​4, we're just at the open. We can already see before the opening that we have a big pressure of liquidity above. So we see a lot of liquidity above the prices. And right away from the opening, we're going to look for the famous zone that I talked about with all the levels. So let's look at it. Right from the start, we go to that area that we have identified beforehand. At this stage, for now, I'm not going to do anything, I'm watching. For now, it's sellers. We see, I'm going to put it on pause. We see all these red circles. These are sales in the market. So there, for now, the actors who dominate, these are the sellers. So for now, we're not doing anything, we're waiting, we're watching. So for the moment, we watch as right at the open, sellers take control. You can see the red dots, I mean, deltas are sellers dominated. So far, you can see that active sellers or let's say market orders are in majority sell orders. And you can see as well as above, the book is plenty of liquidity. They are pushing the prices down. We really have the feeling that they're going to look for the area. And now we're starting to have a reaction from the buyers. Now we're starting to monitor more closely. There is a first reaction. But it's not yet the moment of reaction from the buyers. So some very aggressive people, since they have this level confusion and that here, the prices have stopped a little bit, that the sales in the market have been absorbed. Some very aggressive traders have already entered here to buy. We can, but I'm still waiting for more confirmation. So as we have identified this area, depending on how aggressive you are, you could already take along here, down here, at the first reaction. But Gelmark didn't. Here, we have a first reaction. We're still testing this area. So you have a first retest of people. Always with this pressure on top. Always. We feel that the prices are blocked. In fact, this is an important pattern. The fact that there is this limit ceiling here, it's to block the prices in this area. While some actors accumulate the money. So you can see that right from the open and after, when we test higher, probably the opening price, the limits are, I mean, the book is still plenty of liquidity above. I mean, this is just a wall that the sellers are, or it's a market kind of manipulation to show that that liquidity and scare the buyers. And in the meantime, the absorption from the buyers is taking place at the lower part of the swing, let's say, in the area that we have identified. So our main scenario at this moment is that if this liquidity is removed and the prices go above, we're going to look for an entry point to the buyer. Continue to service. At this point, the strategy for us is quite simple. If this liquidity is pulled at the next test, basically that those red bars disappear or our field, we will look for a long. So we continue to observe. There's always a retracement here. The buyers at the market are absorbed once more. So sellers are again absorbed just at the beginning of the area. You can notice. We can see it well on the volume profile here. There is an absorption here and here. There are two zones of absorption, one here, one here. You can see on the volume profile, building the absorption taking place in two different areas, one upper, small area and one lower area. Feeling the middle right now. Encore un micro support où les vendeurs sont absorbés ici. Toujours sur le haut de la zone. Another area of absorption at the top of the area. Ici, ça peut être aussi un deuxième point d'entrée long pour les traiteurs plus agressifs que moi. So second, this big bubble here is the second potential very aggressive trade opportunity for a long. The game, Jean-Marc, didn't take the trade yet. Et faites attention. Observez bien. On va voir quelque chose de très important dans les minutes qui suivent. So be careful. Look very, very carefully at the at the order book. Something will happen in over the next minutes to stop. OK, on commence à attaquer. So the liquidity is filled. So it's basically the buy orders have filled those this kind of wall that has been there since the open. Pour l'instant, ça ne passe pas. The first attempt doesn't doesn't come through. Oui, j'absellère un peu. Et là, on passe. And this time, the attempt is successful. Et là, c'est très important. Regardez bien. Là, c'est très important parce que toute la liquidité que nous avions ici a été exécutée, toute la liquidité que nous avions ici a été exécutée et une partie a été retirée. Et nous commençons à voir qu'elle se met en dessous. C'est ce qui s'appelle un flip. So it's important. So first, the wall that has been the liquidity wall that has been there since the open is filled or at least partially filled there. Then you see liquidity added liquidity on the on the top, basically, pushing the prices lower. But then when we go through this wall again, well, I think part of the liquidity is not filled. It's just pulled. And what what happens is this liquidity just flips and you see this liquidity coming below the prices where it was above the prices. So it's a very, very common flip pattern. That's a flip in the book. C'est une pattern order flow très connu. Et dans le type d'ouverture que l'on a là, c'est-à-dire une open réjection, c'est le moment où le river se confirme en fait. On est en train de repasser au-dessus de l'ouverture. Et moi, c'est là que je rentre. Quand je vois qu'il y a ce flip, j'entre en position. C'est à ce moment-là que moi je rentre. Juste parce que j'estime que c'est ma confirmation. On va je vais mettre en route et on va voir la suite. So this this is the precise moment when we when we cross, let's say above the open and we see the flip in the book where Jean-Marc is looking for a long now and looking how how how the liquidity thickens below the prices. That's a perfect flip. It's it's wonderful. Magnifique. Yeah, that's a beautiful flip there. Yes. And here. Là on va avoir encore une petite absorption des ventes avant que ça avant que ça parte vraiment jusque jusqu'à 43 ici, jusqu'au d'hier. Again, sellers are absorbed one time, two times. Et maintenant qu'on est en position, je vais vous montrer pourquoi je suis sorti. So now we are long. And I'm going to show us why why he exits the trade. Je me suppose just two minutes. Je vais je vais mettre plus grand pour que vous voyez quand même. C'est très joli. La paterne, le flip, là, c'est un cas d'école. Vraiment. Très, très joli flip. So this is really, really a beautiful flip pattern. They are not always that clean, let's say. And visible. And the price beat up, beat up, beat up. I stay in position. But here, à trois mille cent quarante trois, on a les hauts de la veille. Donc attention. So you see here yesterday or the last the previous day highs with with liquidity showing up. So this is an area to close the monitor here. Nous arrivons sur les hauts de la veille. Donc moi, là, je sors parce que je sais que on va pas passer du premier coup et que ça va retracer. Donc je ne veux pas rendre de l'argent au marché. Je prends tout maintenant. Et vous allez voir que l'on pouvait non seulement sortir et prendre sa targuette, mais vous allez voir qu'on va voir une deuxième pattern qui s'appelle absorption et que les prix vont se renverser complètement à l'inverse. So here, Jean-Marc takes his profits basically because he knows that the probabilities to go through the the the high of the previous days are low. So he's out of the trade. And we'll see a second absorption pattern. But this time buyers are absorbed. You see here, it's a wonderful absorption. Byers, les acheteurs essayent de soulever l'offre ici et on voit que les vendeurs dans le carnet sont exécutés, mais que ça recharge derrière. So buyers lift a bit, but there is a well the bid the the offers are refilled. Donc on peut shorter à ce moment là. So at this point as a Calpour, you can go short with a very, very tight stop. Et maintenant pour aller plus vite, je vais juste accélérer rapidement pour montrer ce que ça a fait. On va pas regarder tout. Je j'accélère. Hop, hop, let's hop. Voilà. Donc après donc c'est nous étions ici et le SP 500 a fini ici de 1 heure plus tard et là. So you can see one hour later we are down in the same area. Voilà donc l'ouverture. Open absorption, réjection. Absorption, réjection, reverse et bid up, bid up, bid up, bid up, bid up, bid up. And et ici encore une absorption et à nouveau renversement et petit seil off. Donc c'était une journée classique assez sympathique à Trédé. Et vous voyez ici au niveau du double top, on a un premier top ici avec une absorption des achats, mais on a un double top aussi ici et le double top, regardez le plafond de limite qu'on a au-dessus. So you can you can see so first what we have discussed after this at the open, the selling activity, the absorption on the lower part. The first rejection, the second absorption of sellers. Then we come back to the open. We reverse, that's where we go long and then we see very clearly that the first attempt to the previous day highs are absorbed, but this time the buyers are absorbed. The liquidity is still there. And there is a second top here where you can see that liquidity is added on the top basically on the offers and basically the price is pushed down for a small seil off. And you can see sur ce retracement, pareil, il y avait un point d'entrée short parce que vous voyez on a vraiment un chapeau de un plafond, j'appelle ça un plafond de d'ordre limite vendeur qui empêche complètement les prix de retracer plus profondément et ça repart après vendeur. And on the pull back in the in the seil off, you can clearly see that again the book is constantly filled with limit orders and basically that's a that's a roof above our heads. So that was the second short set up, I'd say. C'est pour ça que book map est un outil unique parce que il est très visuel. Vous vous vous dans un carnet d'ordre classique si vous êtes très expérimenté vous pouvez voir la même chose. Mais ça va vous demander beaucoup plus d'expérience, beaucoup plus d'années de travail avant de voir ça et ça va vous demander beaucoup plus de concentration et de fatigue. So this this is where book maps is a real added value to to our trading because basically you could do the same or have the same analysis just looking at at your tape and at your at your dumb, but you need you need years of experience to basically to visualize that or to capture basically what's happening whereas book map shows shows it very visually. Je voulais juste montrer le footprint rapidement qui me confirmait aussi ce qu'on vient de voir dans book map. So here is the footprint that confirms basically what we were seeing in book map as as far as executions of course because the footprint doesn't show the limit orders it just shows the fields. L'ouverture est ici. Je vais les mettre côte à côte. Tiens, je vais les mettre côte à côte. Side by side. Hop. So we have them side by side. Excusez-moi, faire comme ça. Tack. Donc l'ouverture est ici. Dans book map c'est là. It will be open in there. Le SP500 descend. So that's the first the first absorption the first absorption in book map is there. On the other zone with all our levels it's here and in the footprint it's here. So what we see is the first absorption phase of sellers absorption is what we have seen in book map is there in the footprint. The footprint in a catechic on catella? Oui, c'est du, tu peux leur dire c'est un catechic reversable avec des imbalances à 500%. C'est-à-dire que ici So this is a footprint in 40 reversal with a 500% imbalances shown in green or in I don't know the exact color I can see it but ici, ici, ici j'ai une imbalance, regarde. So here is the first imbalance. Attends. Meaning basically just in diagonal. J'ai 256 contra-acheter contre 17 contra-vendeur en dessous. OK. So in diagonal you have 256 lots about at market here and 17 sold on the on the bed. Dans la mèche de la bougie et dans la mèche de celle-ci j'ai 625 acheter-marché ici contre 150 vendeur en dessous. Donc là et là dans les mèches des bougies j'ai 5 fois plus d'acheteur que de vendeur. So in both locations while in the second one you have 625 lots about for combien t'as dit 100? 125 sold I think. 625 acheteur contre 150 vendeur ici. So 150 sold and 625 about so to to buy imbalances on on down candles shown here that well we see exactly what we see in bookmark but that's where is our execution that's sometimes easier to see in bookmarks it's here and on a tu peux leur dire aussi on a divergence prix delta c'est à dire que les delta remonte alors que les bougies descendent donc tout ça you can also see that there is a delta divergence which means basically that the prices go lower but the deltas go higher so that's what we call a diversion donc le footprint c'est mon second outie c'est pas lui qui me dit dans son position mais il me confirme que ce que je vois dans bookmark est intéressant So this the footprint is the kind of a second tool let's say to to confirm what we are already visually seeing in bookmark but just with let's say figures si on a le temps je alors je peux montrer un selloff sur le pétrole hier après au moment des inventaires du pétrole le long we'll go through another example this time on crude oil yesterday just after the the weekly inventories the inventories à 16h30 heure de paris nous avons les inventaires du pétrole que j'adore, je traite beaucoup le pétrole c'est un de mes instruments favoris et les inventaires sont en sorte vas-y, oui, vas-y et ces inventaires sont ressortis beaucoup plus élevés qu'attendus ou je sais plus c'était beaucoup moins élevés je sais plus c'était beaucoup plus élevés qu'attendus donc the figures were very very very very very very very et là nous sommes juste avant les inventaires et vous voyez que les prix sont vraiment coiffés en dessous il n'y a rien il n'y a pas de de gros ordre dans le carnet mais au dessus c'est il y a encore une fois ce que j'appelle un plafond juste avant we can note that before the news but you can already see that there is a lot of liquidity above the prices and also note that the liquidity does not disappear despite of the news coming out on the on the offers where the bid is quasi empty donc je vais mettre vitesse 1 et vous allez vous rendre compte qu'on peut parfaitement trader un sale off après une news so let's put the speed to one so that's real time that will be real time replay and you'll see that you can perfectly trade that that kind of news if you know what you're doing of course it takes a little bit of experience yes of course voilà ça commence look on voit parfaitement quand que les vendeurs prennent la main directement et là on commence à avoir des petits retracement et on voit on va voir que les retracement les acheteurs n'arrivent pas à retracer so we see some retracement very quickly you see that that buyers basically fail to fail to bring the prices higher and that that seller just take control and keep it all ready in delta yes tout est en delta regardez vendeur vendeur vendeur vendeur all the red dots there is absolutely no doubt about who is acting or who is executing sellers there everywhere en plus en plus les inventaires ressortent beaucoup plus positive donc normalement le pétrole doit baisser mais enfin bon ça c'est une autre histoire on top at this point you know the figure so you have seen that they are bearish where you have to be careful because sometimes you know the markets can be very tricky but at this point there is no contradiction between that's it regardez la liquidité acheteuse et grignoté the bid you can see that the bid is basically executed filled almost no retracement voilà encore un retracement qui échoue very quickly the buyers are just voilà hop brushed la liquidité acheteuse est bouffée what you put it in the book is filled les cercles rouges qui sont les ventes au marché sont énormes you can see the size of the of the sale phases or sell orders you can see those those dots et en fait c'est d'autres red and big c'est le type tu peux leur dire que c'est volume dots c'est en fait c'est le type yeah which is basically the type the size of the bubble representing the color is the color by delta here j'accélère un petit peu on va ça s'est allé jusqu'à combien regardez ça je sais plus j'accélère parce qu'on n'a pas beaucoup de temps hop vous voyez c'est le même principe c'est le même principe les retrassements acheteurs sont pas profonds et par contre les vendeurs attaque attaque attaque attaque attaque look look look this self it's incredible and unbelievable so lots of liquidity added on the top as well on the offerers at each phase very visible very visual j'arrête cet exemple là mais c'était pour vous montrer à quel point dans book map on voit chaque événement et on a le temps de rentrer même sur un mouvement parce que une bougie vous avez remarqué qu'à certains endroits il y avait eu des ralentissements une bougie va vous montrer des mèches et vous allez vous dire puisque je suis sur un support peut-être que le mouvement va s'arrêter là mais dans book map vous voyez que non les vendeurs ont la main et les acheteurs qui essaient de retracer échouent à chaque fois donc c'est très visuel et on a le temps de rentrer en position largement et de vendre et de faire un scalp à la vente largement that's the big difference with candles because if you have identified a support area or any level on the way down looking at candles you will be tempted to think well maybe you know we are on the support we have a little retracement my candle, my one minute candle or any candle will show yeah you know will be shaded on the top but still you can think you can think that that buyers might take control whereas looking at book map I mean there is absolutely no question about who is in control and I think the picture is self-explanatory aucun doute et je n'en ai pas parlé parce que sinon on voyait passer la journée mais il y a des patterns order flow qui nous le confirme notamment une qui s'appelle le sweeping on voit je vais pas rentrer dans les détails mais on voit que le marché sweep le bid à plusieurs reprises et ça c'est une pattern très importante quand le marché devient directionnel ça nous confirme qu'on peut entrer dans le sens du marché yeah so without going into too much details there is any if you have this replay on your own platform you can replay it and you'll see it very clearly you see several several steps of sweeping sweeping is basically a massive order that that sweeps several levels of the of the bid so this is in that type of situation in trending markets when you have repeated sweeps like that that's it's as well and something you have to consider or to take into account in your in your decision you can as long as you see those sweeps basically you can stay in your short si on a le temps je le montre un dernier exemple if we still have some time Bruce we can maybe go through a last example absolutely now great stuff also you know really beautiful examples of and just current activity beautiful monitor with the display and full depth as well really really nice to see yeah it's important to have the full depth yeah indeed yes yes so c'est sur le DAX alors je sais que peut-être vous les anglais les américains le DAX vous le traitez pas mais sachez que j'ai pris cet exemple parce que c'est incarné léger et que donc ça peut s'appliquer au NASDAQ au mini do et au pétrole on va voir une open test drive je vous montre rapidement une diapositive de ce que de ce qui est une open test drive so here we will go through an example on the German DAX which is maybe not an instrument you're trading so just for people who don't trade this instrument it's a very light order book about you know 10 to 15 to 20 lots maybe on each row on bids and offers but it's something well in the behavior quite similar to what you can see on the NASDAQ or even though if crude is a little bit thicker some somehow comparable because the volume is as well bigger on crude so we will see an open test drive ce que nous allons voir dans bookmap c'est une open test drive le marché ouvre ici descend un tout petit peu et rejeter violemment pour ensuite remonter alors vice versa ça peut être un inverse mais là c'est acheteur et on va voir ce que ça donne dans bookmap et on va voir qu'on pouvait rentrer à l'achat aisément so I don't think I need to to translate because it's in English already we will see an example of an open test drive up in that case but obviously it works for open open test drive down as well et on va le mettre vitesse parce que je veux que vous voyez que ça se préven again the speed is real speed so one time j'espère juste que je me suis pas trompé de fichier c'est tout attendez on va y aller you see the depth is a little bit different for those who don't know it because we just have 20 rows of information on the depth right before the open look look look the vendor, regardez les vendeurs les vendeurs les vendeurs et boom vous avez vu c'est très important ce qu'on vient de voir so you can see right at the open the kind of sellers only big red dots selling activity only and once, twice dans le carnet on a vu des acheteurs se placer de gros acheteurs and right from the start you see this added liquidity in the book on the bid donc ça c'est une ouverture et si jamais on commence à remonter très fort et que l'on a de la manipulation par exemple des ordres qui viennent se mettre en dessous pour pousser les prix on aura une open test drive et on pourra rentrer à l'achat je mets en route et vous allez voir, la suite so this is a very classic open test and if we observe any kind of liquidity added on the bid or so right at the cross of the opening price you can we already suspect an open drive I don't know how far it will go but look look look et je vais vous dire où je suis rentré en trade parce que c'était hier so that was yesterday so Jean-Marc will tell us where he did enter the trade it's a beautiful open test drive j'ai entré mon trade sur ce retracement sur le petit support qu'on est en train de tracer j'ai acheté les 77 ici 13.770 so about at those levels in this first retracement so you see it's not really scalping like like crazy in the first seconds it's this kind of open communication what's going on yes but it's normal the DAX is going up from 100 ticks in less than 1.5 hours 100 ticks so the DAX took 100 ticks in less than 15 minutes the most important thing to observe is the test which was rejected and then the opening to push the price higher you have to know how to see it but the opening and the test which is rejected is the most important to see so the real important thing to to watch for and to let's say consider is the type of open the way it opens with this test down and directly rejection at this point you know which kind of open you can expect we know who has the hand who is going to want to look we can't see the DAX in the scene the screen is too small the screen is too small to put it you can see the DAX is quite like NASDAQ when it catches a bit look wonderful open test drive and I was wrong it's 100 points it's not 100 ticks it's not 100 ticks it's 100 points so it's 200 ticks I will put it on pause so obviously you have several patterns that you can observe and that will be in your lungs but we can't go through all those patterns but the opening is self-explanatory it's the pattern the most important to see so it's rejection here of the test what we saw first the first thing I will show you what is more important to see what is most important to catch in this action and then we will stop I have problems with the display of the DAX I have problems I am sorry I don't know where we are 8.30pm you can't zoom with the function with your hand? I will get there the most important so the most important here to watch for attention we will put speed 2 so back to the open in replay mode I will put speed 4 and then I will put speed 1 in the last moments okay, speed 1 open here the seller attacks they attack, they attack, they attack but it doesn't work they attack, they attack, they attack but you see they have been sent back to the strings huge selling activity but you see that they make basically no progress on prices they can't go basically through the bit and we saw in the frame the buyers were placed it's really, it's very fast but it's the most important moment I will put it back because you have to review it, it's very important it's this moment the most important let's play it again because you see in the book where you see the bits here appearing and getting filled basically listen I'm done that's it folks yes for me it's over big okay so that's it yeah it's okay do you want me to add it again or is that good something else or maybe some questions I don't know Bruce yeah okay really excellent examples very clear and beautifully illustrated I mean like fantastic I mean they don't get much better than that I've been answering questions along the way here a few questions on if they can get slides from you this presentation here and Stefano I think reach out to Jean-Marc directly I've been putting the contact information into the chat there for you and I think I understood the question in fact that's not free I'll give it to you you mean those slides Bruce these slides here well those slides are proprietary because you know it's part of the course that Jean-Marc has been giving some people it's the work of a whole life there are more than 200 and more than 200 private videos that only a small 30 people in the world have because I made some small training I'm not a trainer I've been asked so many times that sometimes I do it so that's a training that I did that lasted two days and so it was for people who did the training but I don't give it to them it's not possible so yeah those slides are just part of it about 200 slides booklet let's say where Jean-Marc has gathered all his knowledge and experience about the market so it has only been dispatched to about 30 people as said I mean Jean-Marc is not a teacher but he has been teaching in some occasions to a couple of people so just those kind of 30 people have access to it and to about 200 private videos as well from time to time from time to time I do for example from time to time I do a training or a seminar of two or four days for example I've been asked that with Thierry we did one in June 2020 so there will be a session of those I think it's in four days and it's in Paris around the defense so there will be a four days of course I mean in a trading arcade and live basically with Jean-Marc and Thierry in June but it's only once a year but we don't like it I don't know that's one time this year and you can contact Jean-Marc if you're interested but it's in Paris you can take this into account okay it's in French I don't speak English if you're interested I'm going to show you the website of my friend with whom I do this training and there's information on his welcome page if you're interested you can find the contact information of a trading market profile which has been given in the previous session slide you can it's a trading market profile and the information on the training we do are there so the information about this course are on this website I've been putting it into the chat several times here but it's really very very rare that I do that so those who do that will have a positive and those who do that will have a positive so those who will well attempt those courses will get the slides to finish this to answer the question understand the video coaching in short it's mostly for a French public okay lots of comments coming in and lots of praise and thanks Jean-Marc Coray very nice, very clean clear examples very powerful really like the way that you are looking at your higher timeframes that first example very nice yes yes yes and then stocking in the order flow for the very high probability trade I'm not as I said at the beginning I can't go back into the details it would be too long but yes I look at the higher timeframes I have the profile market in a week in a monthly in a year I look at all these frames we did go very quickly to the context but obviously the preparation training session takes time I mean Jean-Marc is taking a look to the yearly profiles to the monthly profiles to the all timeframes of course to know exactly where we are and what's most likely if someone wants to join to have more information my email is there you can see here Jean-Marc's email if anyone wants more direct information or wants to contact him and my friend who has the site his email is there and Thierry who's owning the trading market profile website is you can find the email here as well okay I will I'm just copying that down now so I'll put it into the chat for everybody as well traders 67-52 what can I do what can I do I'm going to put it there you go there you guys go his email is in there now as well so in the chat oh it should be yeah I think so yeah excellent okay okay another comment here for everybody out there this is a feature in bookmap that you can see Jean-Marc is utilizing heavily and I just wanted to note that is the replay mode and it is a really powerful tool in bookmap to be able to go back replay, learn where did you trade look at and read the order flow and then go through it again and again it will become very good at reading order flow especially go through the times where you have the wrong trade on to see what you might have missed yeah the pain is hard to swallow but it is the best learning tool I believe guys really excellent webinar would love to have you again and thank you very much both of you excellent job thank you for having us okay everybody we'll look on the YouTube channel I'll have it up in probably about three hours if you guys want to watch this recording okay thanks everybody for coming and thanks again guys just one more thing if you want to make me happy go see my YouTube channel that's it Bronson Charles trading strategy for traders and subscribe like and share if you want to well give Jean-Marc this pleasure and just have a look to his videos and YouTube channel it's all free you can see all the well it's in French but you don't really need much more comments usually self-explanatory and subscribe to the channel give some likes it's always encouraging to have such there's a lot of information a lot of information you'll find a lot of information on this channel anyway alright excellent I mean definitely please everybody reach out there really are excellent videos we've been retweeting them on our Twitter page they're excellent check it out and give him a thumbs up on that thanks again guys and we'll catch up another time okay alright thank you bye bye everybody