 All right. Good morning traders and welcome to the book map all markets webinar with live analysis All right. Good morning traders and this is Bruce at book map. We do this webinar every Monday Tuesday and Friday at 10 a.m On Wednesday, we have J trader stocks trader Thursday. We have Scott so I've been The book map lead here for about eight years. I've been trading for about 15 16 years I'm the order flow specialist here And you can reach out to me at book map Bruce at book map or on our discord channel and then at order flow At flow order on Twitter 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 is not suitable for all investors past performance is not necessarily indicative of future results All right, let's jump in. Let's take a look at these markets. I want to take a review first Of what's happening here. We're looking at the S&P e-mini We will We can look at any markets you guys want to good morning Tony Aloha and the But let's review yesterday Monday and what we saw and we'll look at the higher tying frame here and what we covered was Last week we had a breakout. This is the weekly chart over here on the right-hand side Then we have the hourly in the middle here in the 15 minute on the right-hand side So I'm sorry left-hand side here that we have the weekly This is bullish. There's no question about it strong weak strong bar and it closed up here And we we covered all of this Yesterday, we're still looking for it to go higher here We're we were also looking for a potential pullback in here on the hourly what we saw yesterday was this in here And this move on up this move on up and this was during our webinar these these hours in here on the move up and It was kind of challenging it was like well, you know, it's back and forth in here In the order flow and we've got some clarity in some pictures, but others we did not Well, this is why Right, you can see the move down now pretty sharp move down We were looking for originally it was this wick here on that on this little candle here And this move down to retest this zone down here We we did get that and then we got the move back up and then the failure and the move down now This makes good sense. We are still bullish in here But you know, it it makes good sense Why we're looking for that that kind of pullback in here We're getting up into these areas where we have a wick up here. We have the figure of 4,300 We just climbed above it for a little bit and then and then right back down so a Lot of profit-taking maybe a lot of sellers. This is where the sellers came in last August of 2022 so There's reasons for it after this strong move to look for a potential pullback Let's look at the daily in here now and why we're gonna cover this in detail here on the candlesticks is because Expectations let's get them aligned in here so that we have our bigger picture approach Then we'll look at order flow in book map and we can look at all time frames at that point But we want this bigger picture approach This is the the guidelines here, right and Whatever time frame you're trading You know, they're gonna go over the bigger picture first and then we'll drill down And look at the moves in here ATR. Okay average or in this case ADR average daily range Look at the move on this was Friday, right? Well, that's a pretty big move and in a solid green bar It kind of averages some of these areas in here Hey, this is another reason why we would start to consider to look for a slowdown and a potential pullback in these areas still bullish until we see something different and But we would start to anticipate that and why is that and why does ADR ATR work? And we're gonna talk about ranges today and trends and why the ATR works is because there's only so much typically there's only so much Bind and selling pressure the market has for a move Right or you know ways to explore a certain area And it just bounces around back in there if there are more participants or or even less participants and and lots of activity or interest With those fewer participants, we're gonna get more volatility and more, you know price action So this is what every market's different every every market's gonna behave differently due to the participants within them And this is exactly what we mean or cover in order flow and to understand that principle So understanding 8 ATR or average true range or average daily range makes sense All right, you may get extended bars, etc. But that's okay. We're just looking for kind of, you know anticipating an average and We're looking at, you know statistics or probabilities in this case And this is a good way to start to map your day So anyway, we have that this move to the upside and then we would anticipate that pullback And we did get it now this pullback's actually been quite weak So the markets are pretty pretty strong still You know look look at the pullback here in this daily these this is it so far Well, maybe that'll change maybe it'll come down back down and fill the gap here We don't know We're gonna read the market and the participants here on the 15 minute and also in book map to understand where it might go When we start to drill down All right, so anyway Yeah, I wanted to cover this and and start to understand That this is a breakout it is bullish on the weekly chart And then today though we are Basically in a range here We've kind of peeked below yesterday's low for a bit, but we're back up into the range now We found some buyers Right below it here. Okay, so we are back in the range here. All right, so We'll need to see maybe a break of Let's see here, what was it somewhere around here. This is a 73 74 Yeah, it's this line here, right so The 72 and a half area so this is the break below and then we can see the buyers coming in Right, so same on the hourly here. The hourly is not really telling me too much I'm getting a lot more out of this 15 minute chart. You can see the buying wicks here the move back down below Yesterday's low and the move back in and pretty strong buying coming in now Hey, so what will we look for here? What do you guys think now look at the average bars in here, too We might get a little bit of a pullback here But this is pretty strong momentum and I would look for it to test up into these wicks up in here This looks like a good area right here 4286 somewhere around there 84 to 86 right that would be Just by looking at this strong buying coming in here And we know is strong just by the price action Hey, we can see it's a it's a big green candle and it's moving on on some some strength here So we're missing it over in book map. Let's jump over to book map and here is that strength here Is that volume? Okay, so we're looking for it to continue. We're looking for 85 and What was it 84 to 80 86 is what we said Is it what's the swing up here 86 and a half? All right, so yeah our 86 and a half We don't see a lot of liquidity there. They're actually up a little bit higher at 88 And this is an area. We were talking about yesterday. So let's mark it up Hey, let's input a horizontal line there and then our 84 we're at right now Hey, and All right, and let's talk about this this move here No question about it. Look at look at the The volume in here Okay, and look at this strong move and look at the volume behind it. Look at the bars now We're looking at volume Delta in here Good morning, Abby. Good morning, Deborah. Um, and this is a strong You know powerful move with a lot of buying volume behind it. This is what we look for We're looking for this to continue Right now. We're starting to run into a block of resistance here just starting to come in here Okay, so at 84 You can start to see that high liquidity coming in here. It is transacting And this is where book map really shines. It gives you this insight. We looked for this and anticipated this Potential slowdown up to here 84 to 86 right we covered it before we jumped over to book map Well, this is our zone here And let's mark it up So here's our 84 hold on a minute. Okay, here's our 84 to 86 all right, that's where we're looking for potential Test and then a potential slowdown there Right maybe 88, you know, I like that 88. I know we were looking at 88 yesterday. Okay, so now Let's just Review what we covered here strong move And we can talk about ATR now if you like ATR you can also come to the webinar with Scott Pulsini on Thursdays he talks a lot about ATR And you know, let's just mark up an ATR here. So look at this breakout move here strong move no question about it All right. Well, let's start to match that up with other zones in areas here Okay, does it really match down here kind of it's not quite the same as maybe a point higher See how that we have this below here and then it came back up to above this swing here Okay, but it matches up pretty nicely with this move here And what about Any higher here? Yeah, it kind of matches with this move in here, too right, so This makes sense that there's again, why why is this for you for you that are looking at the market internals and looking at the tick You know chart then you start to understand that there's only so much pressure That can come in and the market can handle at once. There's only so many participants So we look for that's one of the reasons why we look for measured moves And anticipate some of those areas to to work now measured moves Don't you know, we can lean on that a bit if those participants are acting In a specific way, you know that we are looking for that ATR can get blown out very easily when there is a lot of volatility some sort of event. Why is that? Okay, we've seen it here in book map We can even see it here. We can kind of mimic it here at 9 30 cash open look how different the liquidity is It looks even better on stocks Look how different the liquidity is at 9 30 Okay, and then after before 9 30 and then after 9 30 It's it's like night and day okay, so It's just actually a little bit after here now. We're a little bit different in Apple since we're at all-time highs here But you know, typically we'll look at Tesla. We can same thing doesn't doesn't doesn't matter The stocks are very much in line here look seven o'clock and then here's our 9 30 Hey, boom. Look at that. This is where a lot of players came into the market. There's no question about that All right, so now there should be more volatility on the overnight in essence Because it doesn't take too much volume to move price so if there is some sort of news event or Event when even like during non-farm during market hours or or you know, I'm sorry FOMC during market hours You'll see that liquidity dry up And it becomes dark in an area so understanding that you start to understand that okay, my ATR My anticipated move here is going to be a little different All right. Good morning Tom Gunn So that's it. It's really important to kind of put these expectations together all right now we're going to look at and and This is where we'll kind of Bring it all together here is that when we start to understand moves in book map. We're starting to we can Align our ATR With liquidity in the heat map. This is this is beautiful here it traded right up into our range Hey, and there's high liquidity there now. We have something Deborah This is for you. This is where you can start to look You know very closely in here or potential reversal even in confronting all of this volume here All right, but you know, it depends on how you want to do it. I Have been run over so many times That it'll go directly up to 88 right up to 86 up to 88 it'll it be an extended ATR move and Therefore I'm going to look at the order flow in here I'm going to wait for the sellers to come in and tell me that they're coming in but When we're talking about these ranges well here it is and it played out pretty nicely went above 84 went up to like all 85 here and Then it turned around And there's high liquidity there though and look at the transactions into that high liquidity and look for the sellers to come back in All right, so now What has happened? Well, we've had we've we've made this ATR here Came up to this rain top of the range here is pulled back here And now we're going to talk about measured moves right, so Let's take our ATR again, let's go from here Up to 85 All right, and now let's make another Rectangle and let's move that one Okay, so now look at we're going to look at them The the moves in here And I'm going to I'm going to make these a lot smaller here So I'm not trying to outline anything more than just the ATR the move, right? Okay, usually we use the rectangle to show something within it and Okay, so these are the moves we would anticipate now let's look at the volume and the heat map within This this range here from this to from from here 78 on up to 85 All right, look at the volume here. Look at the dots Pretty good pretty strong not bad though pretty strong on the cell side okay, now The This this is going to it looks to me like we're going to get some back and forth in here However, we did make a higher low here, and I am looking for a higher high here now My anticipation for this higher high is not much Okay, so if you look for Again, so Deborah you could be looking in these areas in here for a bit of an order flow event In the microstructure to give you insight to the move here And then you can jump in for these now these are things you need to put into your trading plan So that you have something here. This can be your trading plan Okay, so look for this this move in here Just like we covered okay, and then you can look at some of these areas in here Okay for When this might start to turn around Right, so what you can see smaller moves in here as well. Here's a smaller ATR. Here's a smaller ATR Now you can't get buyers up in here. We start to exhaust out Buying here, but cannot even make a hot the high here In any of these areas up here. I would start to look for sellers in here now I wouldn't have gotten in until probably pretty late down here, and I don't like that I mean like it's already moved here, but I know I can see the sellers in here But we're already right into this area in here. Okay, the sellers followed through okay, so We can look for a pullback though like this in some of those areas and It's even kind of a little challenging on a pullback because the buying is not so bad in here But there is more selling than there is buying here. All right, so we've got to take risk at some point Where do you want to take it? This is you know a big question. Where do you want to take it at all? Right is it clear enough for you? Do you have the order book on your side? Do you have the volume on your side that gives you that kind of clarity? You know, this is not not the easiest in here I don't see that the cleanest and clearest is with the sell volume here And that would you be you know putting on some risk looking for that Anyway Let's just be you know honest and clear in here and start to understand these moves in here. All right, so Let's see here. Yeah. Well, we're still looking for this to break the highs Okay It came back retested almost a hundred percent move And then now we're up at these highs in here And we still see buying in here though, right? Okay, so this is again another pullback here And let's see if they buy off of this little area here. We're looking for traders to start to buy And where might they start to buy? Well, we can look at this little kind of zone in here For a pullback Okay, we've got Delta here now. It did make a lower high here. I don't like that. I would have liked to see an equal or a little bit higher Okay, but we did we'd made a higher low here though too structure matters in here even one tick Hey, so I do see sellers coming in Right, and we're down at our level in here now. This is again Debra. This is this is to you Is it worth it? You want to take a pot shot at this? maybe You know, but just know that you're you you don't have Confirmation yet. This is just like well, I'm waiting for that confirmation to unfold and do you want to trade like that? Hey, that's up to you And just note that in here you can get really run over Now if you catch it though boy, you have a great entry All right, now here's a double bottom selling lack of selling, but do we have buyers up here yet? Not yet And that's the confirmation. We're looking for is buyers up here at 83. All right, here we go We got the order book a little bit on our side. All right now. Let's see if these buyers can take it back up to 84 and a half yeah 85 here See Debra, you would have gotten in here I mean if you just you want to play with this idea of these ranges in here and then wait for your confirmation But this see how this this trade here see how this didn't even go against you a tick Because we waited for confirmation Right. Okay. Now top of the range here You know, do you want to take some off or not? You're you might get a pullback right back down to where this initiated here Right, do you want to give some of that back or do you want to like put some money in your pocket? It might be less Then if you wait Okay, now how to ascertain that in here. Well, we're getting our answer right now. We're getting buyers coming in And this is what we want to see up here. So I would hold Okay, I would hold and look for the buyers to try to pop through up into What were the top of our range and we'd have low expectations here 85 and a half. That's it They do to this kind of measured move in here Now again, one thing I want to reiterate again and again in here on these measured moves and expectations, etc First off, this is not a trade recommendation And this is not this is the market It is not a math problem Hey, it's not some sort of equation here This is the participants of lots of other traders and actors in here who knows what they might do Okay, so these are just concepts and ideas in here that may map out price structure for your for your for your trading All right, so just keep that in mind in here Right, and then we'll look at the order flow in here to help us Hey, so this looks good in here I see look at the you know the cluster of buying in here. That's good Right now here comes our pullback here Right, so now if I took profit up here, I'm looking pretty good, and I'm I'm pretty happy at least I took one leg off Right now it's testing exactly where these buyers came in Is this a pullback is it can continue? Will it go to the bottom of the range? Will it come back down in here? We don't know All right, we can just go off of what we can learn from what's happening in here Okay, and what is more likely or less likely? All right buyers coming back in now if we get buyers back up here now this this is where it is more likely What if we get buyers back up above here? This is what's been screwing me up I made a video on that sing single mode there Okay, so if we get here and we do get our buyers up here now, let's let's see if we can get our move back up into our Just our 85 and a half right that's where we Have our horizontal line here, okay, but maybe it'll come up to 86. Maybe we'll get an extended move here Maybe we'll get another range in here to look at Maybe this will be it Hey, this is why these measured moves work One of the reasons Also has to do with a lot of stops. So maybe 87 looks pretty good too, right? Not bad. It breaks out of this range. I maybe it'll come up to 87 These are just ideas Just mapping it out in here How much buying pressure we have to move that market before Traders don't want to buy at a higher high. Let me get to some questions in here. There you go Malik now, so you look at your Camarilla Floor trader pivot levels Okay, great. And then now you're gonna coincide that with book map For potential reversals. Now, this will enhance your edge. Perfect. That's it. That's what this is for okay, you have a way of trading and now you're gonna be able to Maximize that way or Optimize that way of trading by understanding the participants at your levels of interest great now the question that That most people kind of struggle with is like why are they using the Camarilla levels to begin with right so That's another question. Like do you have you prove that that's an edge? Do you have an edge there? That's the first question that needs to be answered and if you do then you know, then you believe in your price levels Now you're looking at the participants at those price levels to give you insight Okay, better enhanced insight Great stuff. All right, here we go again. I'm still looking for those buyers. Look at this. Okay. Here's why Is because we have here Some trapped volume down at the bottom here. I want to see buyers back up above that area and then the push Hey, now, what else do we look for in here? Okay, so this that would make this higher probability Well, I want to see these guys get out of the way here 85 85 and three quarters 86 and a quarter 87 I'm they're not they're staying in the order book now. What about the bid is the bid showing more strength a little bit here at 82 And then a little bit down here and like around the 81 area. It's not bad, but it's nothing really of That's very noteworthy here And then what are what are the aggressors tell us about the the order book in here? Well, they're not really telling us much either We just know that there's some selling here and we're looking for a potential stop run back up above it Which we did get some stops already triggered in here as you can see with the the red line here So let's see if we can get it here though. So looking for a better stop run Above here. Here we go. All right buyers. Let's see you take these guys on they're starting to get out of the way You can see them pull some of that liquidity Now let's see if the order book can bump up a bit Finding our buyers. There we go. Still looking for higher here Our horizontal lines at 85 and a half that was just touched here 143 contracts traded there still looking for more though out of this still looking for more Okay, can forward our 86 and on up to 87. Okay, maybe 88 Right, but there it achieved your goal. Hey, but there's no reason yet to exit this So continue to stay in Again now, I you know, I I hope you're not in this. I am these are just trade ideas and concepts and understanding how to read book map and apply this to your trading just like a Malik had outlined with his Camarilla levels Okay, so you've been trading the Camarilla levels for about a year Okay, and some profile as well, okay Yeah, sounds good Sounds good just as long as it works for you And and you believe in it You know, you have an edge basically Tom know the the MBO bundle that that we created here like with the stops and icebergs Trader map pro and also the Market pulse that is not available in the thinkorswim version It all of these kinds of additional add-ons and other bells and whistles in here are only available in the bookmap desktop version You know, they're they're not developing in that direction and And their data sources DX feed for futures was which is not offering Market by order data at this time and they probably will sure Excellent, thank you Malik Yeah, yeah, it Yeah, it does off. I think it does offer a nice edge so look, you know One of the things in here, too is again, you know meet your expectations and Know the risks that you're taking here because this gets this is where this gets really tricky really tricky Right, do you take your profit up here or do you wait for something like this to happen? And then maybe you take it in here? And you only made a little bit of money out of it, right? Or you gave a point and a half away where you could have taken it up here, which was your original expectation Hey, so do you do that? or Because of this strong volume in here. You're just looking for a pullback in extension Or maybe you're still in it All right, it hasn't made a lower low yet It's making lower highs, but it looks like looks like the sellers may come in here and drive it down to 82 81 Hey, if they can kind of build out this edge down here at 83 Then we can get this quick move down into 82 80 one and a half Anyway, so yeah, these these are questions that need to be answered now the the simple answer is Here for Deborah Deborah take your profits at these levels and again, I Don't mean I'm sorry to sound dictatorial and in essence, but that's not my my goal here is just to be clear We're only looking for something to happen here. If it does it great Look for the next one Okay Now if this was a really really bullish day in here then Yeah, well then take your profits build confidence and if this went from here and Believe me. I mean it'll do everything and it will mess with your emotions like beyond belief You'll get this move and then it'll come up into like 90, you know Something like that and you'll get like another huge strong move like this but up above here It'll come up into like 95 or maybe even 4,300, you know, and then you're like kicking yourself Oh God, I just gave all that away, but no, this is what we were looking for and it did it Look for the next opportunity right one of the good things about Behaving with those expectations and and following your a plan like this is it will build your confidence Okay, and you will also be much clearer See how this would if you're still in this here. You're you're just killing yourself Right. We were looking for this now at this point actually here. I thought it would do it It went back and forth a bit and then finally we got to move down in this 81 and a half and maybe maybe You had your stop down there Maybe it did this and then watch this, you know, maybe maybe buyers come in hand over fist As we've seen many times in the past and they move that market back up in that original move after you're stopped out How can this not play with your emotions? Now so Well an answer to that would be take your profit and just be fine with that All in all out Look for the next one build your confidence Once you build your confidence you can do all sorts of other things in here. It's your trade management You can take one leg off you can hold you can you can add to your pullback You know you can move your stop up you can extend your Your your take profits, whatever it might be right So in you know Scott covers this pretty well His webinar on Thursday Yeah, I like his style on the the different trades. He says Okay, this is my I'm looking for this and this trade opportunity here Only looks for that and then if another opportunity presents it is treated as a separate trade However, what he'll do is if he's still in that other trade because there was no reason for him to get out All right, so maybe he has two separate trades on in the S&P E-mini And then he'll move his stop up though from that second trade idea To the are the he'll move a stop up from the first trade to the level of the second trade All right, so he's just moving his stop up and and that's it It which makes good sense to me and that way he can reduce risk and still look for his trade idea to work out Nikola sometimes all in all out depends You know when one way to look at that is That might help with your trading decisions is like how how strongly is a market trending Okay, what are your anticipations for a strong trending market? Okay, are we gonna get that today? I don't know. I mean it it's been pretty choppy already Here's why it already dipped below yesterday's low on the daily and We're now we're back. We're just back in the range. That's it Right, so we were remember what we talked about here on the 15 minute chart We're just looking for this move on up into like this range between 84 and 86. That was it Okay, and that has unfolded All right, so up here and you could have traded we talked about it in here when it was down I don't know where it was, but it was a strong Candle in here. Maybe it was 78 79 something like that. So it's a good six, you know, seven points, whatever and And and it met your objective. You could even be done for the day with something like that So anyway Yeah, if this were a stronger trending day like see see this day now, I know this was on Friday Friday Yeah, and We were we were in the webinar on that and it was just like wow, this is strong However, I we just didn't see some things in the order book and what not I mean that we saw lots of liquidity getting filled on the offer on the way up a lot And I didn't see a lot of support in the book on the bid So I was a little leery to jump into these into this move in here Anyway, that said to answer your question Nikola The on the strong trending days This is where you can You know Consider holding some Take some off and then holding some and then even adding back in Right because you know, it's you know, it's trending. You know, it's strong. You know, there's a lot of buyers And they're moving the market and they're moving it to a different range Okay, they're breaking out of a range and you can look for your ATR And you can scale in and out and to your heart's content Looking for pullbacks looking for high liquidity as profit-taking, etc High liquidity as profit taking is a pretty pretty good bet Because even on strong trending days, you'll note look where it came to high liquidity Where did it pull back high liquidity? Okay Well pulls the pullback didn't but it pulled back because of that high liquidity and again up in here. All right, so Just a quick review talking about ranges and Average true range expectations and trade management And and then reading these and as Malik had said that you know looking for your specific areas in here Morning guys. I'm sorry. I kind of got on a rant here and I missed some of the discussion over here in and discord Sorry about that Yep, good stuff Kenji morning Rob. Good morning Hector. Is there a An edge using rhythmic data versus others. Yeah, I think so and our relationship with Rhythmic is not monetary. It's just that we connect to their data. That is our relationship with Their data is excellent It's the only one that has very Well, it has MBO data and full depth of market and they were one of the first to offer any of that And we still think it at low level You know very very low frequencies This data is very accurate Okay. All right guys are here. Here we go. Here's our move This is our our move that we were looking for and and now see how this can play with you Maybe you got stopped out here. How and we will cover this pattern in here in a minute But how many times have we seen it? In fact, this is it right here Here's we put this line in here and we were anticipating this move here Well, it had to go one more do a double bottom and then you're getting the move now Okay Beautiful move It did did anyone start to think there or watch it and look at it in here Seeing this buying starting to pick up and look and getting involved in here anyone anyone catch that Hey, or anyone like buy in here and place your stop down below here now this move in here This is this is really typical you can anticipate this as a stop run here And then a move back up above it like we did here Okay, and then you capture this here is easy money at that point And again, now we can look at our ATR. Let's copy this rectangle over here. All right, and Let's move it to here. Okay. It's done it. It's done this move. Okay It traded in a high liquidity along the way to Okay, so now you have a reason for taking your profit You have a reason also for maybe getting back in Hey, looking for pullbacks to maybe here 88 Maybe this volume cluster here. Maybe it wait for a deeper pullback 86 5 Okay, thank you trader. I can see you are answering Hector's question Mikoloko it's so good to see you in here The CVD was calling for a breakout to the upside. Okay, excellent. Yeah, beauty. Yeah, it sounds like you like your CVD And you know how I feel about it Not the biggest fan I Don't I mean, I shouldn't say that I just just don't like these kinds of Indicators as much I can you can just read it in here when when those buyers start to come in Okay, you can mark up exactly why It might pick up here Because of this being trapped volume and then looking for a stop run this has got to be huge stop run in here at least at some point Then it is you can see it right it matches your CVD there And we've got we've got this move here. This is an interesting move. We've seen this many times Over the years here stops and icebergs going together And now now actually you see some icebergs here selling. So is it profit-taking? Maybe are they It could be both profit-taking and maybe positioning. Yeah Louise Am I pronouncing that right if you could just type type it in there into How should I pronounce your name? It's been bothering me for a while. I don't want to call you just traitor all the time but anyway Yeah Examples of like liquidity again if this is contextual. Yeah, there's a wall. There's this first off It's not a wall. It's high liquidity here But it's again context look at the buying they just ran right into it and through it like you know Yeah, they're getting filled sellers sellers sellers. They're getting filled There's just more aggressive buyers This is what to understand here And now there's more buying pressure again, right? Let's see. Let's get another move up into maybe 95 What about half of this move a lot of times your flag patterns? You know, you can you can look at Maybe half the move So here Also like half a gap fill That's why I'm mentioning it Hey, so yeah, I think maybe maybe it's starting to wane in here that look at the volume in here Look at the volume over here And look at the Delta That's pretty strong So yeah, I would still look for this to continue but half a move would be up to 85 Maybe maybe I'd take my profit there because I see that the volume is not quite as strong as it was previously Maybe I'm measuring this is it Pull back So it's a strong move. I'm still looking forward to continue. Yeah, I hope they they can too as well Tom Offer in the thinkorswim version more be great It's really out of our control They're developing it They've done a great job with it see shadow There any futures iOS apps expecting no When you're using book map on on Mac, right? There you go Ken. Yeah, so you switch to rhythmic. Yeah, the rhythmic data is really high quality Cheers. All right, so McLoco you were looking at 84 level and All of that buying in here maybe on your CVD. Let's take a quick look and this could be helpful for people Summon it. I don't see it. I don't know. I'm looking in the right right areas in here I mean, I know I see this selling here match with the move here And then this buying in here, but I don't really see much diversions in here Yeah, yeah post a screen. That'd be great This one I was expecting more out of this move here. There's the buying is pretty good. It's pretty strong So I would anticipate this to come up into 894 95 It didn't Hey, it's strong. You can look at the Delta in here. So we know that there's there's buying pressure behind it, but just just not Didn't make it didn't make it up to to that liquidity level. Okay, so then how do you manage this? All right, it didn't make your your profit target Well, and if you got in like in one of these areas in here, right because you saw this buying in here Oh, this is the at 90. Maybe is it a 84? See here time. So a couple hours 1030. Yeah, you're looking at this bump in here And then that this this is yeah. Yeah, exactly exactly. Yeah. No, that's true for sure Yeah, I don't know. I mean like I said, I'm just you never know when those aggressors will come in for me And then move that market So I really care about right here Yes, all of this together like volume profile, etc But the here and then now if all of a sudden like a ton of sellers come in This is me I'm not knocking your your process because this this worked out really nicely here to the upside but Yeah, just There if if there were more sellers in here this CVD would it wouldn't matter In fact, these guys would be trapped We can get really nice moves to the downside here But in this case like there's just so much buying so much buying so much buying this was the selling a CVD did drop a little bit came back retested that area and we don't have as much selling here And then you can see that here kind of exhausts out on the sell side and then we get our buyers coming in And then the fire Hey So it worked out this little double bottom pattern here We've been covering it for years how can understand this as being a Counter Rotational move here With no follow through Hey, you get leg one and Leg two does not follow through if this was going to turn into like a head and shoulders pattern or you know Some other kind of reversal pattern Then the the follow-through has to happen here at 82 I mean, yeah, maybe it rotates one more time and then comes back down and goes through But it has to happen on the retest one of the retest in here and follow through to the downside It didn't and when oh it did what we kind of anticipated a little bit too early was the trap volume below getting back above and then and then the move higher But yeah, good good stuff. Thanks See local Yeah, Kenji again, you know the small caps have to be have a pullback at some point It depends. I'd be very careful with that but like And if it is it might be a pullback like like this a really really shallow shallow pullback And what does this mean in here right like this this in here? This kind of all of these transactions and the order flow the order book here What what does it mean in here? Well? that there's tons of buying and That's it market just kind of takes a break here until Time has gone by and it's finding lots of buyers again Then you can look for that move It that is this is not really much of a pullback at all and this can really Understand this I think it it has helped me quite a bit understand I mean very easily or simply it can help you understand flag patterns really well, but like Also your trade management the suppose that you're short in here You know, it's oh it did its measure move I'm looking for a retracement way back down here and you see this kind of behavior in here Get out of your trade. You're gonna really get hurt Because The there's there's no sellers in here or very few there's some up here And then there's very few in here And it's going sideways So once those buyers start to step in you get that continuation move here and here we go again Hey, we're above this little range here now. It's actually kind of done we can talk again about measure moves in here It's kind of done it right This is where the sellers came in and moved it and a little range back up to the top Hey, we're gonna get another one up to here. No other other rotation You know the one thing about the these measured moves and starting to understand these things in here You know under under understanding market structure today we have later today is John Slazos He's an expert on market structure And yeah, he's he's trading only crypto these days however Really should take a look over there He has been trading futures for I don't know 30 or 40 years or something Sorry John don't mean to age you but you've been trading futures for a long time You've been in the business for a long time That is very rare to find in the crypto environment and Talk about market structure He can really dig into the details and then he looks at book map Just like anybody Tom or Doug or Algo boys Then they they look at book map to understand what's going on at their specific levels just like Malik and Him looking at his Camarilla Floor floor trader pivot levels and then look at book map. Okay, so I'm coming in again But we have not broken this level here Let's see Get back to some questions in here. Yeah, there you go captain price. So you scratched out of your trade And and probably due to something like this right in here like we're just covering Shadow can we pull up prints from yesterday or history from any ticker? I'm not really Okay, Doug. Yeah, you're using John's JS services Numbers for the for the futures. Yeah, he's still doing that work. So you can use that as well And you know, he has JS notes. He puts into the column in here and he has his levels Very specific specific levels. He's been he worked with us in with futures Some years ago when book map first came out Yeah, Mikloko. So yeah, you got your CBD and your your divergence in there Yeah, now I Again, I it it's I've just been burned so many times by it to be honest looking at your here you go you got your higher highs and and or You know lower low here higher higher low higher low here and You know that that bait basically what this means in here price is going down But there's more buyers in this whole range in here Hey, so but where do you have an edge? for me It would be in here, right? I mean looking at CBD here And here at this point I'd be looking for that move higher But let's see this is at 89. I think this is current price, right? Yeah So yeah, it kind of did it But it pulled all the way back here, and then it's coming back up again. I don't know. I'm just not I Can't I can't do it something about it's just me. I like CBD. I've got nothing against it I just think that I trust this more than I do this Trust this context Understanding of the volume within that price structure than I do CBD And then that's really all it is Hey guys, you know what? I think we're gonna wrap it up early today We covered the ranges and ATR and expectations and why these ranges unfold And then we also covered about different trade management Within it and the order flow what the order flow should look like within Some of these ranges in here for the potential moves And then kind of matching that with expectations and risk management So that we have something tangible to kind of you know lean on or understand and Something to As a foundation to study And that's really What we're trying to do in here is present all these ideas the data is all here in bookmap So we can look at it in different ways and start to use this to build an edge for ourselves Hey, so yeah, we'll cover something else on another day And we'll go through what we've been covering a lot on Delta on strong moves, etc. And expectations right, so Let's go over there. Just we also talked about the bigger picture and how Our expectations are in here So you can see that we're above our 86 level Obviously that was a strong move back up our next level here on this 15 minute chart might be around this 94 and a half swing up here It may that's where we're going, but look at the move in here All right, this is pretty strong right now look at the expectation of this move though even on the On the hourly, okay, so the hour just closed here at 11. This is my 11 o'clock candle here East coast time so yeah pretty strong move maybe a bit of a pullback and maybe we can get a follow-through with another strong move And so I would look for maybe a pullback just based off of this candlestick structure in here Maybe the pullback will come to 84 84 and a half somewhere in our little zone here between 84 and 86 right that's what we're looking for earlier Well, here here's where it would be then 80 our 85 level here Okay, strong move liquidity here pull back to here, and you can still be bullish all right So if you want to trade it down to that level as well, you can you can look for targeting some of that liquidity I wouldn't be looking for that necessarily right now I'll we get another pullback to like here Then maybe it'll exhaust out and we get the sellers come in and we may get buyers back up above 89 and a half and back up into here, and then we look for continuation Right up to our 95 basically our 95 level something like that All right guys hit the like button if you can We want to continue to give this kind of We I think is higher quality education that can be helpful for you to Kind of weave into your your ways of trading Why are the levels more clear I'll tell you why John Why are they more clear on the stocks than in futures? Okay, it has to do with the way book map And this is a really great feature in book map first off look at the price levels in here The price levels in here, you know, we're looking at a $200 stock in Tesla over $200 and So if we really have to zoom in here and look at look at just the the spread in here Right now we're looking at each tick, which is a cent right, but this is all over the place Hey, well in in the S&P Here look at that, you know These are these are it looks like huge moves and it's not bad actually but You know, it's not a huge move. It's just that it's a it's a big Price to stock here All right, so if we zoom in though, this looks more like the S&P Okay So that's But when I zoom out look what it'll happen It will blur these these areas here with a Gaussian blur So if I right-click on here and go to heat map settings It's the voot the smoothing here That you can do it manually if you want or you can have it as none if I'd have it as none It probably looks similar a little bit more similar to the S&P E-mini Hey, so Or you can you can you know manually smooth it however you want But see how when I you start to blur that and book map will blur it in the auto mode And it will just kind of blur all that high liquidity into an area. That's one of the reasons another reason is very simply The different players in different markets And you'll see these larger players come in and just park their orders in these areas here This is where they want to be sellers And they just wait Futures is different It's a little more dynamic There's buyers and sellers coming in all the time there are and your higher levels see up here similar to stocks Hey different markets different behaviors Due to the instruments Hi guys. Yeah, please hit the like button like I said that that is very helpful for us and It'll help you as well. I think I heard Charles Yesterday talk about this like Yeah, hit the like button not only does it help us it helps you if you like this content then The YouTube algo will suggest this to you And you'll get more of it And that that's helpful for you So and it doesn't it's not, you know Doesn't cost you anything or you know, you're not leaving some sort of review or anything like that just helps to kind of You know show some that there's interest in this and it can help other people and it helps us to kind of Understand what you guys like and don't like Okay, so yeah, let's wrap it up. We'll call it a day. Thanks for coming everybody. We'll see you again on Friday and Tomorrow we'll have J trader Stocks trader and then we'll on Thursday. We have Scott will see now. I just spoke with Scott He will not be Here so likely then I will take the helm on Thursday Okay, so Scott will not be there and He's on he has some time off Okay, thanks. Thanks everybody and we'll catch up with you another time. Okay. Bye. Bye