 Okay, good morning traders and welcome to the book map webinar with with Oliver sparring here. This will be in German. So this is for our German speaking audience. He's going to go through his trade analysis and he's going to go through then analysis of the market structure and then potential trade setups and then live market analysis. So a little bit about Oliver. He's been trading. Well, there's do we have a description is in the YouTube page there and also on the discord page for the special events. I do have his website here and I do have his Instagram. I'll be putting that into the chat so that you can reach out to him if you have any questions. So we need to go through the disclosures and I'll turn it right over to Oliver. General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors. Pass performance is not necessarily indicative of future results. Alright, so let me turn it over to Oliver and share his screen here. So are you ready Oliver? I am sorry. I just had to open my door because I've just seen that my internet connection doesn't seem to be very good. But now this should have solved the problem. Alright, we are excellent. Let me pop this out. See my screen by now. Yes. Okay, we're all good to go. Perfect. Okay, then again, a warm welcome here on Monday afternoon to our book map live stream. My name is Oliver Sparring. I have been a trader for 11 years. I have been working closely with the team of book map and also with the team of trading to win together and we will take a little bit with us today in the world of day trading. Before we start, I would also like to briefly show you a little disclaimer risk proof that you should now see. You know that this is not an investment advice. We are showing this stream here purely from educational purposes. Each of you is dealing with your own risk and trading with futures. I'll save you the rest of this text to read. If you want to take a look again, you can pause the stream at this point or read a little bit later. What do I have with you today? Who has been here more often knows the whole game now. Surely we will look at two analyses of my trades for each of my customers in the Sparring Investment Academy, in which I am in my trades per screen recording, so that the whole thing is good and reliable afterwards. And today I would like to show you a trade from today morning in the CLR oil future and another one that I think I did in the ES last week. A few situations in any case that you can show and explain very, very well and that you can certainly take a whole amount with you. Part 2 is then our analysis of the market structure. We look at today's trading day together. We switch our chart to 0 o'clock and do a small market structure analysis in the ES with the help of the Volume Pro Market Profiles. This is the future on the S&P 500. And we'll see where interesting trading locations are today that you can use for potential trades. When we did that, of course, we immediately jump over to the bookmap and look at what the ES is doing, especially what it might have been like today for a chance. And where are we currently in the daily course and then of course look at the liquidity distribution and where we could possibly be trading now. Otherwise, of course, you can ask questions during the whole webinar, no matter if you are watching us here at Discord or YouTube. Just write it in the chat. I will take a look at the chats every few minutes and see if there are any questions that have come up and of course answer them. So, that's almost like a bottle of water. Let's skip that. Let's jump right into the first trade and we had it on the 11th in the ES. That's not the one I wanted to show you. I just saw one second. Then I have to... Exactly. That's the one on the 11th and that sounds better. So, I'll take a short break. So, what do we see? We see the following. We are here in a temporary trading trend in five minutes. If you don't know the whole concept here, I have here, of course, Bookmap, which opens up my main trading software, where I then watch the order flow live and in real time and the actions in the order book. And I use the Adas software in the background to, of course, look at a five-minute chat or a food print chat for me so that I have an overview of where I am currently looking at my levels that I define in the afternoon and, yes, just here a little bit about the current market structure. Now we see here, we are in a temporary trading trend in five minutes and we come here to a trading location that I have registered there in the framework of my tomorrow's market analysis. That's always a good sign. In this case, it means that I actually went out of this here at this point, that it comes to a rejection, that is, that there will be trading owners who will make sure that this price level is protected for here. Accordingly, this temporary trading trend was rather short because it just had two meanings from the overordered picture. So now let's let the colleagues run here. The whole thing, as always, runs a bit fast so that we don't have here, I don't know how long the trade went, 40 minutes or so, so that we don't have to look at the whole thing here in real time. We see very, very nice. We are looking at a larger quantity down here and we have here indexes that can be seen in the order flow that the market has given us here, which has left the end on the rejection trade through. So we are here on the order, the market immediately reacted to the order. A part of this order was filled. In the first line, however, it came to an exhaustion situation. That means that massive markets were pushed in here. However, there were immediately active buyers in the market. We can see very, very nice down here on this line. By the way, I use the trade file in the bookmap software in combination with the trade finder plugin extension, a very, very useful plugin that we observe in order flow on a daily basis and use. Just very, very nice, visualized and, of course, also gives off acoustic signals. So we see here a stop run at a height of 300 contracts. This is a single large stop order that has been filled here, which has flown here, which is a huge stop run. In addition, as I said, our limit brick wall here seems to be kept in the ask, even if a part of it has been worked off. The buyers have first of all pierced absolutely the teeth on this order. And as I said, market aggressors are immediately what is down here on this turquoise color in this price dynamics plot line from the trade file. It is very, very nice to see. So it has immediately come to the opposite side. That was enough for me to open the trade here. I mean, I've been here with two contracts short. Exactly, I just scaled in here, opened the first one up here, and the second one a little deeper. And as you can see, the buyers immediately came back in after that. And there was then the breakout over this level here. Now you can see my stop order. It's about 7, 8 ticks above the level, so above the large limit order in the ask that we had seen here before. Here I had a pretty heavy pig for the first time, which did not fly out of here. Then there is a small spoofing situation here. This means that there will be buyers on the side of the limit. So here in the bid, the orders will be strengthened and broken. And that is, it is related to the limit order that is placed in the vicinity of the course and spontaneously in the market. They usually make sure that the course of this limit order is pushed away. Liquidity that has been in the market for a long time, like this big limit order here that we can still see well here and which is also far away, even if that is of course a very relative term, which is placed away from the course. Usually it is about real orders. And here we can then also assume that it is about liquidity that draws the market like a magnet. The market always wants to tend to the maximum liquidity. That shows us here below this white line, in this case in the trade finder. This is the so-called imbalance line. So it shows that we have a clear overweight here on the ask side. And accordingly, the course also tends to go up. In this case, I have just been stopped here. And that is actually what I want to get out of here with this trade. You have to be able to adjust yourself to the current situation in the market. My trade idea that I had before, to trade this imbalance here, it did not work out like this. I have been stopped and what do I see now? I see now that we are very clearly stabilizing here above this breakout level. The buyers are always pushing hard here since the active buyer and we see now slowly also in five minutes how the delta here will not only be positive, but just stay positive. That's why I changed my market direction here and instead of assuming that this level will not be stopped, but that we had here at a pullback to this zone that we just had in the microstructure, that we should think more of the long direction here, because it looks much clearer afterwards than if the course can stabilize here above our level. The delta stays positive. The market speed is taking off here, tendentially. That means the buyers do not seem to have any great strength here to push the course down again. And as I said, we still have the imbalance on the ask side, which also speaks for the course to go up more tendentially. That's why I opened a new trade here, also with two contracts. However, now in the opposite direction, I have set up a new situation in the market here. I have seen the spoofing orders here, which pushed the market back and forth again. And accordingly, here my stop order placed under this great liquidity, which, so to speak, has provided for the breakout a few minutes ago. So now I see how the orders continue to be strengthened in the ask side and how the market buyers definitely stay on the ball here. Now there was a small stop-run here, in any case. And again, it has made sure that the course is now going up catapult-like here. All the buyers who have gone from a trade like before, I just zoomed out here, of course, it's not so good to see everything, but all the buyers who have gone out of it, that it's still going to be a rejection, they are now of course caught on the wrong foot, they were of course caught over the micro-range, all their stop orders are lying there and have been accordingly stopped there. So, now there was a strong push since the sale, so here again the market was very, very strongly sold in, also with a larger order, which has not yet come through. And now we unfortunately see the opposite of what I actually hoped for, namely that the course is going down again. Nevertheless, I have now removed my stop order. We are now here, now we also see very, very nice, again in five minutes, that the breakout was successful here. We are now here with the closing course of the following five minutes, in the middle of the new range, so to speak. That was our previous range here, where we had the short-range here before. Then, as I said, the stabilization of the micro-range above the breakout levels, corresponding to the long trade, now it went up nicely here. Here came the next big limit order in the ASC, it was completely filled, the buyers could stabilize here. As I said, here was again strongly, more sales pushed in again. All these sales orders were here, however, absorbed by the passive buyers. So now here a temporary depth, which the market has created here, however, it is now going up again here. And so I was able to use this depth here very, very nicely, to pull back my stop order again. Meanwhile, here I also have my limit order, you can already see, brought down a bit from above. Here we have again a slightly larger limit order at 3860 points in the ASC and accordingly I said, okay, if we should now reach this price, you can see that it is also very, very close, defined where I had it anyway, with increased sales activity again calculated. Accordingly, here is my limit order, a partix under this level and is now also filled here. So, in total, we are now here with the previous loss trade and with the current winner trade with a net profit of $ 375. You could have let the trade run through here. We see, we definitely have a still an in-tact off-range trend here. You could have done that now that it would have been scaled out here first, that I may now take out the first contract here, with the second contract still in there. Now I have here, however, also seen this market volume stop signal, here again this exhaust signal. That can also quickly make sure that there is a very, very strong momentum run at the bottom. I didn't want to risk it in this case. I wanted to secure my profit here at the moment, and that was also the first trade of the day, too late hour here. Normally, I'm more of a foreman trader and accordingly, I took the profit here. Do you have any questions about this trade? I'll take a quick look at the Special Events Channel. Nothing has come yet. Let's take a look here again in the chat. There is nothing first. And then we'll take a look at YouTube. Here is Ronimus. Moin, Moin, Moin, nice to meet you from Hamburg. Then I would say, let's jump straight into the counterweight, as I said, a trade just from the 8th to the 11th, but very, very nice situation. It shows that you have to, as a trader, in case very, very quickly set up a new market situation, a new market situation, if one of the markets has exactly this signal. So now, to stick to my previous short description, although the market has clearly shown us that the chances are now more on the long run would have been absolutely meaningful and that's why it is important in such situations either to keep your fingers still, that's also completely fine, to adjust yourself to the new situation and then to trade in the opposite direction, which made sense here in this case. So, the 11th is the earth oil future and that is, as I said, a trend, namely the day before tomorrow. We have the 21st of November and what do we see here? We were in a temporary starting trend in the CL this morning. Here is a location, which I have defined in the market analysis today. I have given out to the top of this location. Here, too, a lot of volume has been accumulated, so that I actually went from a long trade at this level here first at the pullback. I went out, let the market take off here and continue to take his way up. But he has already seen that in this case here he somehow did not take over my attitude. Normally, I always have blue and white in the balance line. In this case, it is here bright red and bright green. I hope you can recognize that a few times. If the balance line is green here, then it means it is below zero and we have the majority of liquidity in the bid. And accordingly, the course also tends down. In this case, if it is red, then we have a surplus of liquidity in the bid and the course tends up to liquidity. In this case, we have seen that in the whole time where we stabilized ourselves above this level, we are always between red and green and it could never really establish a surplus in the bid. And then the whole thing went down more tendentially towards the bid. We also did not get a clear entry signal for a long trade. Here we had a small exhaustion situation with a bit of absorption, also at a slightly smaller level, a slightly smaller liquidity that I had on the screen. But it was nothing that I traded here. I really had the course here very, very ugly from this level. Then I immediately went north. I would have said that up here. So here there was no such nice entry anymore. I was able to come. I was a bit panicked, I have to say that. In this case, I simply left the field to me and the course then broke down afterwards. And now X-Act is at this level where we were able to see larger limit order in the bid. It has now come back to this level. And instead we have the absorption on the buy side. So here was X-Act. At that moment where the course had reached this level, extreme markets were pushed in here, properly absorbed. And on the other hand, here immediately the counterpart, market buyers in the market. And that was for me then the point of view also in view of the imbalance that we now have here clearly on the side of the bid. The moment where I went, I had two contracts put in, two limit orders put in, from which only one was filled. You can still see it. One is unfortunately still open here. Unfortunately, the course has forgotten. I didn't get it in anymore. And then I also got direct follow through here. A course is here directly with a lot of momentum in my direction. There are now also 13 ticks in the profit. Unfortunately, then only with one contract. A negative delta in the footprint chart. We can even see a cluster imbalance in the footprint chart. However, we are now here, of course, on the VWAP and shortly down there is the VPOG. That was no location where I would like to try. VWAP is maybe another story that you can use very, very nice for trades. At the VPOG I keep my fingers still, because you know there is the fair price of the market. There it can go in all directions. The first counter wind from the buyer and now the VPOG is pulled up. That would be the moment if I had got my fill with two contracts, then I would probably have taken out my first one to neutralize the risk here. Since, as I said, I was only short with one contract, I left it in here and now I have seen the next breakout under this smaller locale depth. So again, the buyers have taken over the rudder. Push in there properly. You can see it nicely. Down here again in this PD plot line, where we can see the relationship of passive to active market participants. When it's all red, it shows us that the aggressive buyers are sitting on the rudder. We now have a lot of momentum since our entry here at the pullback to build this level. That's always nice. Overall, I think the trade was only 6-7 minutes. That was really a very, very pleasant trade. Today, in the morning, at 9.30 am, you can see it. Now I have given it up there with my second limit order. I have taken it out now. And now instead, I have pulled the stop to the locale depth. And now the market buyers are pushing in properly. That's always a situation where I would be careful. WIPOC has already pulled it down. Because now, of course, it can also be very, very good for a simple stop-run. You see, we had a local depth here. We found food for the larger market buyers here. Just to get the stops from the retailers. And then push the whole thing up accordingly. Let's see here again. Of course, we also tend to be here in an upward trend with higher depths and higher heights. So this is of course a location where we were careful. Now you see a slightly larger order in the bid. And now you can see how the PD Plot is getting deeper here. So now the retailers are pushing in properly. And then, however, not much more comes up. And that was also the situation where I immediately managed the trade very aggressively and also reached my limit order. That should happen right away. So now you can see here that it is of course to be recognized so well. But now you can see here how again a larger sales order as Iceberg here in the market has been put in. It has also been filled in. But the retailers do not seem to really have the convincing power anymore. That's why I have now you have just seen this larger Limit Bid my my Limit Target. And then I'm out of there. I was definitely a very, very nice trade. As I said, if that's the way it is, then of course it's fun. And then, yes, that I was a little more aggressive towards the end, then also manager. And I'll show you that again. So we were here in total with 39 ticks in the win at a risk of 11. So a very, very nice CRV, too. And in the later course then it also came out. I haven't watched the whole thing for so long now. In fact, after walking around, it came back to this level twice. There was more or less such a very careful three-time ground here in the micro range. In that case, I was also very happy that I really got a very, very good price for my exit. I haven't looked at how it has been longer, longer-lasting in the CL. But that's definitely a situation where I then realize my win. As I said, if I were in two contracts, I would probably have been up here at a CRV of about 1 to 1 to neutralize the risk, we also talked about it in the last bookmap session for a long time about this concept and the second one with a wonderful CRV of a total of well, 3.5 to 1. That's where the questions come from. I'll take a look at the individual channels. Long straight to the north. That's what it looks like. Really recognized. I'll take a look at YouTube. There's nothing in there yet. Okay, great. Then we'll continue with the next point on the daily order. And that's our market structure analysis. For that, we'll take the ES and we'll switch the ES to tonight at 0 o'clock. I can always put this very, very much to the heart when you're doing a market analysis. Then you might as well go ahead with the matter and everything that has already happened on today is all the volume that was accumulated is all the price movements that we've already seen. They tend to turn off and that's why I always switch my chart very, very much to 0 o'clock so that I, so to speak, in weeks and days can see all two levels very, very well and not yet influenced in any way by the current current day. So, we see here on the left our market profiles and we see on the right our volume profiles. Again, a very short word. The volume profile basically in the vertical on the individual prices the more volume is entered or treated the longer the lines are here in the volume profile the market profile against how much time the market has spent on certain price levels so in a slightly different way market profile is much older than the volume profile both have but after all absolutely their contribution and their use for us. So, I basically go on that I take the market profile to define the larger levels the larger trading locations and the whole then in the volume profile we want this here of course at this point only on a relatively rough basis we don't want to spend too much time to make it even more exact of course, our customers learn exactly how to do it but we want to limit ourselves here on the most necessary and definitely take the yesterday's high and we take the yesterday's low and then let's see where the course is still so rejected is here very, very like to render from Volumenberg I can only put you to the heart if you are interested in the topic then deal a lot with the topic of auction theory price formation auction just on the stock why do these mountains now form why are the t-shirts where is the liquidity where do big market participants position themselves and make use of this knowledge from order flow so what we can see in book map and trading locations from my point of view really the key to a successful trading with which you can do well also from trading algorithms independent and sustainable profitable I actually wanted to do that so now we do a second so that they don't feel alone there you can find a level so you can see I mainly look for the areas where courses have been rejected and said if you want to learn how it works exactly and how the theory works then I would definitely happy to come to the conversation you can come to our website sparing-academy.de like to book at any time so these are the locations where I today on today's trading day especially after trading opportunities would look now of course comes here the big hour of truth where we the chart again the current data want to so so the whole thing looks like and now we want of course first here in the five minutes chart go where we can already see quite well the market has here in the middle of our advantage is high and the middle location that we have here opened is then first went down is actually just here through these locations run through and then but we have already seen here also today already had a relevance we have always seen the pullback from below to the locations here here because you don't see it now now a little bigger and crisscross a little bit around so we have seen the pullback here then we have here the attempt of the buyer seen through these locations here we have seen again here we have run again here we have run a little bit more here again the pullback on the location here again the pullback on the location so here already in any case more situations that show us okay our level which we have here so in the framework of the today's analysis have indicated that definitely has its relevance so now it is here now 15.34 we are now here shortly after the opening of the us session and we are currently here again at our level directly to the market once a heavy push up which then directly again has been borrowed and meanwhile we are now here again under the trading location and stabilize us now here a little bit and that of course especially a very exciting situation that we now together look at in bookmap before I look again briefly if there were questions so basically first of all as long as we now here below our locations is in any case at the trade location here is actually very often the word location sorry I would like to first of all search the short trades so far us the order flow gives green light and if we go down here to the day before the day then here would be long trades interesting as long as we can keep us within this advantageous depth we should now break through here and the course should now stabilize here above this level and really accumulate remarkable volume then I would rather pull back trades in the long direction hope here the whole thing, of course, but also depending on many different factors like the order flow itself the distribution of the limit orders so which in balance do we have and we look at that now together in bookmap so now I have to first of all my trade finder a little trickle so that he doesn't throw out too many signals here because it seems here pretty much to be in sweep blue we turn it up to 150 so what you have seen here is a so-called open test drive we had the market opening here at 15.30 the course is here with a lot of momentum ran in one direction has reached a certain level here you see here very very nice in the trade finder here this exhaust signal before this big limit order here and this limit order or from this event here it is now very, very straight down and the course is now running tangentially first of all in the opposite direction what do we have to say about the market situation let's zoom out a little bit first of all we are overordered tangentially and that shows us here our 15.30 overordered now I say in the course of the day is more in a sideways range we don't have a special day here we once had an exit to the top or we came from up here now we actually tend here more or less in the fair world in the area of the advantage so in this case is here first of all no great statement from the trend what we can see is that we clearly have our imbalance line here on the ask side means we have a overweight on limit orders on far-off limit orders on the ask side and I just talked about it that always speaks for that the course now also wants to run up because the big boys who place their limit orders up there they don't just do that from lust and greed but they think about something we always have to assume that the big market participants have more qualified information than we little retail traders and if they place their limit orders up there basically always he tends to assume that the course also comes there to fill these limit orders of course that's not always the case in trading of course we never have 100% security I hope that's clear but of course we have to use such objective information that the market provides us and draw our conclusions out of it so currently we are here in a rather nobody's country and also on V-WAP I already talked about it these are zones especially in relation to the V-POC where I basically don't consider trades especially on the current V-POC of the day because because the fair value of the market is here the most successful auctions take place here are buyers and sellers about the current price accordingly it can be that the course rotates around this V-POC for a very long time and at the end of the day it's a relatively realistic story in which direction the course will be completed or which party buyer or fair buyer will be completed at the end of the day we always want to look for our trades where the big liquidities are where our locations are where I say no successful auctions can take place and where accordingly wants to go accordingly Oliver, I'm sorry I don't know if you covered this or not but I hear some key words and that's all I can decipher however I'm just curious if you mentioned V-WAP with your volume profile studies so the amount of time accepted per price level I'm sorry Bruce I don't know if you can hear me but I didn't hear anything of what you just said because my internet connection was just gone for some seconds if you could just repeat what you just said so I'm wondering if you could maybe talk about if you haven't if you could talk about T-WAP or time weighted the general concept of time you mean do you look at those kinds of studies in your volume profile trading I do not look at the T-WAP I do look at indicators like the speed of tape or the auction speed that is something that I can definitely talk about because I think it's definitely a very interesting concept and a very interesting indicator that I personally look at I do not look at the T-WAP time and acceptance per price level in okay well anyway I was just wondering if you haven't mentioned anything maybe you could let's talk about Bruce about the concept of time in the broadest sense and that is a story that is very important regarding the auction let's take a quick look at the whiteboard one second I have to check if my ipad is over here I turned it off that was not clever it's on the your video camera I see something blue yes just give me a second okay why does it show blue now it shouldn't so it should be the main screen it's just I mean if you just open no no if you just open up if it was whiteboard you said it just open it up and show it that's it ah okay now I see this blue screen as the main screen yeah and now you should okay now it should work so we have two different factors on which we pay attention this is once the so-called auction speed can you see that and this is once the market speed long german words both concepts are equally important for the order flow and are things on which at least I can put that to the heart I can't imagine what you have to do but with which I would put you to the heart to pay attention and deal with these things what is that the auction speed describes in principle how many individual orders come per the orders per time unit it is not necessarily important how big these orders are we call this indicator speed of tape it is not necessarily important how big these orders are just the number of orders that usually take a second to measure it per time unit in the market come on the other side we have the so-called market speed which again describes in what speed the market moves from price to price so in the broadest sense how fast the market slaps moving moving fast or moving calm the output power that we can meet and the market speed is relatively similar basically it is always and with always I would always stick to it if we can see a certain order flow event then it pulls in some form both the auction speed as well as the market speed before before this certain order flow event happens and then maybe leads to a breakout we have an increased auction speed and we have an increased market speed we can so accordingly trading opportunities when we have the corresponding experience and we have been busy for a long time we can use these two factors to anticipate trading opportunities but we can of course also use them to confirm trade entries one concept is of course very important for us in the industry what do I mean by anticipating and what do I mean by confirming if we have for example a breakout to trade so here we come to an interesting trading location and in this trading location we have a lot of liquidity and we expect because the market simply in our market analysis or rather because we have a reason to have this assumption we now expect a breakout from this location now the market comes here and starts to rotate at this trading location then we will always before this breakout we will always see that the market in some form draws on what both the market speed as well as the auction speed now we can of course build trading systems this is not as easy as it sounds I can tell you that we want to position ourselves long before the breakout with the help of the speed of tapes that would be a concept on the other hand we can of course also confirm if the breakout then happens and we have just seen this increased market speed then of course we can use this to say that this breakout is probably legitimate and it is not necessarily about a fake breakout it does not mean that we want to simply click on the buy but we want to see that the price then rotates up here and does not immediately make the cut in the opposite direction then we can assume that it is of course about a fake breakout but to summarize this now no matter if you want to anticipate or want to confirm your entry in some form the auction speed and the market speed play a huge role under the line tells us the market especially when we watch the order flow with everything that belongs to it be it the data, be it the liquidity be it exhaustion runs be it just such stories like speed of tape the market tells us in some form always a story and as a trader we have to learn in some form to interpret this story to pull out our keys and to bring the probability on our side as I said 100% probability we will never have this speed of tape we can simply very very use this story that the market tells us to undermine and accordingly to improve our trading to confirm better or even who is interested in this as I said, this is tricky to anticipate to use trading opportunities so this to this topic speed that is definitely a concept which you should look at because it is very very exciting and I think now my webcam here should not be gone anymore now it is gone, now we see again bookmap, exactly where you in any case if you deal with the topic order flow definitely a look should be thrown in from the end so we are getting closer so slowly the end of our session I would like to use the time again very briefly to make a little bit of advertising as I said we work very very closely with the Sparring Investment Academy and bookmap together we have a affiliate link here if you want and you are interested for the bookmap software then you can book a special offer over this link here the global plus variant for example for the cheapest price of 145 dollars for the first three months or here the global plus annual version for 579 dollars instead of full price which is definitely a great price to be warm with the software and to deal with the software first of all intensively the affiliate link I will also post the affiliate link again at the end here in the YouTube chat of course we also have our own offers within the Sparring Investment Academy you can find us at sparring-academy.de my name is as I said Oliver Sparring, you can send me an email at oliver.sparring-academy.de questions about trading bookmap orderflow in general I definitely answer you can also book a free conversation with me on our website and then we will chat about trading otherwise we have two training for trading, this is our part-time trader where it is about the option trade and long-term trading system where you can trade with a limited time or of course our professional trader where it is very intensive about a training for a professional day trader whether you want to do that later, or of course leave you alone otherwise we have a YouTube channel and we also have a Spotify podcast called the Börsenschule we would definitely be happy to hear from you let's see if there are still questions here once in the chat in the special events room there is nothing further then we look again at YouTube thanks for the explanation very, very much so if you still have questions, we are still here five minutes online, then you like to put them in the chat, I definitely look here again so otherwise we see that of course the concept that we talked about here before the course is about liquidity we now see how the prices are increased and how the prices are running here in the direction of our ask in balance of course does not mean that you have to continue to do that or that you always do that here was the course finally also on the ask side stronger but is of course said trading is a game with probabilities we always want to bring the maximum probability on us bring on our side and we currently see on the ask side nevertheless if I were here at the current time point now with potential long trades carefully I would definitely wait for the first time what happens with the big order up there at 3975 so either we get pullback is now but for my personal trading approach difficult because as I said here the current V-Pock of the day is there but now we have here very nice on our trading location that we should not forget we have these locations on the basis here that is, we could not know what happened at the current day and yet we have these great market reactions here on this location but surprisingly often so now we are definitely ran through and now here stabilized now here in the meantime also volume accommodated is found both sides from both sides of the auction instead so that now here already a pullback at this level would not be quite interesting 3963 points yes that is here so in the area where we have here the breakout from the micro range here 3961 3963 I personally would that here too close to the V-Pock personally would be the chance too big that once to his fair value want to return and then start again to rotate around accordingly which first be careful what potential long trades goes on the next level up where do you have that oh that we have a lot a lot higher that is here at 3992 that is our advantage is high that is still a whole piece removed in this case I would now here but look here so we see in any case that the market this level here on the Sherman 3990 a few larger limit orders that is of course already interesting fact 3977 where we now here 975 where we now here this board on ask orders have there we now in our tomorrow's analysis first no trade location had for my personal trade style I always want that where and what to answer I know you often ride around that concept you want for you at all trades in view and when the course is there then you don't just want to buy or sell click but then you want to observe order flow and then you want certain order flow events like for example speed of tape or whatever always see you then so confirmation for a entry also give so and if here now a basically great trade situation in order there is simply on the basis of order flows but we are not at any location then I don't want to open this trade that can of course each of his own his own his own style but I just always want to answer both questions I want to be at a trading location that I have already defined and if I am at this trading location and have my where then I want to answer what order flow events see that so show me in which direction market is going to run so accordingly up here of course very exciting when the order here is actually filled then to see we see here the reflection we see here the breakout but that here too no location necessarily where I would now look at a trade and down here it would also be for me uninteresting here we have but as I said now also here at 3069 points currently both as well as also there I would now observe the market for the first time take a bag of chips for me and let's see what the market is doing here and given you know, I also like to trade other markets, for example, I always like the CL, the earth oil future or the gold future, I am a learned metal dealer, I come a little from the direction and that's why of course I also like the gold market I also like the 6e in this case if I don't see it here that in the next few minutes or even hours could give a trade opportunity then I would like to switch to you so that was it for today a last look at the checks for questions there is so far nothing in it then I would say it was fun again with you I hope you could take something with and then I'll say until next time okay Bruce I think we've got it okay excellent well another great session thank you Oliver and guys if you have any questions always you know get them in there youtube or discord channel there in the special events and you know Oliver has a wealth of knowledge here not only with order flow trading but also as you guys can see with the volume profile so the higher time frame structure with the horizontal and understanding acceptance and then the price movement and speed of tape that he's mentioning with the vertical excellent combination okay so guys if you like this please hit the youtube subscribe button and give us a like else we will catch up with you in another few weeks Oliver that would be great I'm looking forward thank you Bruce okay thank you bye bye bye bye