 Good morning traders and welcome to the book map live trading webinar And hold on a minute here, let me get the slide up here we go Okay, and hold on a minute here. Let me get the slide up Okay, so Yeah, we do this webinar. Well, we have a webinar at 10 a.m. Every day of the week weekday Monday Tuesday and Friday. I am your host here Bruce and I go through the live analysis in the marketplace We will be basically it's all based on our educational course and We will cover that course content in the live market. That's our goal So you can learn from the course and then apply it directly It's really putting it to the test So to say and then we have live trading a different traders perspectives and they will trade live And with stocks and for futures J. Trader on Wednesday with stocks and scopolsini on Thursday with futures Let's go through some risk disclosures and jump right in general disclosure all book map limited materials information and educational Are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a central risk of loss and It's not suitable for all investors past performance is not necessarily indicative of future results. All right, let's jump in Let's take a look here. We're looking at the S&P e-mini. I see To look at a stock here, we'll take we'll take a look here in a minute. I also want to cover crypto currencies guys For a number of reasons we launched a new liquidation indicator and how timely is that I? mean pretty sad stories out there in the In the news about FTX in bankruptcy as a in exchange Sam Bankman Really an implosion there But we want to go through the markets We want to go through the risks and understand what's going on and the insights we can get with this new indicator All right, so we will cover that. There's another Indicator I want to cover here in brief you on we just launched it yesterday. Okay, so Here we'll take a look at the S&P e-mini And let me get the stops and icebergs up here as well. Hold on a minute There it is on chart. Well, actually on chart will turn off and Subchart, where's my sub chart? Hold on There it is. Okay Okay, great All right, so As you guys can see and There's a kind of some sideways consolidation here and then a drop that that really initiated right around here Around 915 move down 930 cash open big move down Into just shy of the 39 50 and then look at the bouncing around in here And now we just had consumer sentiment University of Michigan Right here at 10 o'clock. You can see the kind of dark area here and then some liquidity in these areas and then we can see that We're kind of racing away now to the upside From that that quick move to the downside. All right, so it's pretty choppy in here and You know We'll take a look here a lot of liquidity just coming in right up at the top of this little range in here And you can see them pressing it down now look at the liquidity and see how it's pressing the market down See that guys see that red area there 300 contracts 400 contracts Etc. It pushed the market down as let's just zoom in here now I just I just want to show you how important it is to understand liquidity And this is most most people's charts. They're not looking at it. They're looking at something like this It's like why is the market selling off? well Here's why high liquidity on the offer pressing down and It's showing tons of supply It totally disrupted this move to the upside It's as simple as that if you don't have insight to liquidity. You're not going to understand this move here It's as simple as that Right now there were not enough buyers in here And it's also giving a sentiment in here that this high liquidity in these little pockets right in here Okay, that we just saw Has dramatically influenced the market to go lower Okay, we were going higher right and Then now we're going lower and it's due to mainly this liquidity and the reaction to it is a Participants reaction to high supply in here. It's as simple as that and Now the reaction was sellers Sellers and then sellers again in here look at buyers actually came back up and tested So they actually wanted some of that liquidity and they tested into them and these guys got what they wanted Here they sold to these buyers right here. Okay at 72 50 Let's mark that area up. We'll likely see something happening around there Later in the session. We'll see All right, but we know that there was a transaction there Okay, so here we come rocketing back up the sellers had their their way with it Let's come right back to 72 50. I imagine we're going to get a bit of a bounce To the downside after testing there as well All right, so we're starting to understand the price action and the liquidity and the aggressors Which are the market buy-and-sell orders, which are these green and red dots? Liquity is everything Friday Saturday. Okay. Yeah, I love it. I mean it it is such an important part such an important part what we see in the the order book is is is a part of it though is They're the ones that are without the liquidity. There is no market as simple as that We need participants in an auction Okay, that's required someone needs if you want to be a market buyer or seller here Okay, you hit the market buy button or sell button. Who are you dealing with? Who's taking the other side of your trade somebody has to? Okay, and that is where the liquidity comes in and we want to understand that liquidity Okay, so look at look at the liquidity now now the heat map is showing you areas of stronger liquidity There's liquidity on all price levels in here, especially with this product. It's a very liquid product Okay, so here's liquidity at 68. They just tested into it. There's still more buyers Let's see if we can come up to our 70 level here And then let's see if we can come up to our now at this point Maybe we can come up to our 72 and a half level. Okay. Now. There's also liquidity up here at 75 And maybe we can blaze through this I'm looking for just to test up to this 72 and a half for right now and there it is Okay, now let's see if there's still more buyers though There might be and they they can test to 75 here looks pretty good. Let's see if we get them Nope, not yet Right. We this is where we saw that transaction now And we were anticipating a bounce or like kind of a sell-off after testing to here Okay, now my my opinion on that changed a bit And now we've tested into 75 now my opinion changed on that Because of this strong buying in here Okay, we saw this strong buying coming in we're we're we're looking for it to test up into This the 70 liquidity and it's like wow, okay, there's quite a bit of buying here They're coming right after this 72 and a half now up at our 72 and a half. Let's zoom out And we'll zoom back into this area where we saw this kind of manipulation of the market here And this transaction here at 72 and a half Okay, we would assume if they're you know, if this is a spoof, which it is not because They actually stayed and got filled here But and they also got filled in some of these areas in here as well However, high supply was able to drop the markets lower into these areas Which was probably the other side of these guys trade. I imagine And very successfully done. They're even down here again. It looks like the same Participant very similar behavior And let's see if they come in again. So they got they were able to get it almost Yeah, basically all the way down here to about 60 just shy of 60. That's amazing And then we saw a nice kind of reaction back here and into 70 and Then we saw another move into 70 here And we found our buyers here So at this point here I was thinking we would come back up to this 72 and a half and we were anticipating it to hit it and then maybe pull back Now the reason that I thought this may blaze right through it and go up to 75 is because I don't see much supply in here at 72 and a half any longer Okay, so what very strong buying And I'm looking for basically strong buying kind of a pullback followed by strong buying again Okay, and we got to our 72 75 area very very quickly All right, so and we're still they're still going up Let's see here and kind of chopping around a bit right now Okay, look at look at our 72 and a half guys right here Look how we put we traded through it, but bounced off of it a couple times here Okay, there are reasons why the market does that. It's because of this activity over here that we saw previously And these transactions here Okay, this is why this is a deeper Understanding of why price does what it does Okay, due to the participants in the market Okay, nice move here pretty strong And we are up at just about highs for the day almost up around 85 ish All right, let me get some questions. Um So we're off to kind of a fast start here just talking about liquidity We've only talked really about liquidity and Transactions out at a level So we haven't gotten too far yet today, but let's also look at MST are Put that in here and let's see what other questions that we have here Jonah Why does it some why does liquidity sometimes like an act like an augment and other times it presses in the opposite direction? Great question. All right Here's why it was right in here. Okay All right Here's why and so this is we get this question all the time In fact, let me I'm gonna right click in here. I'm going to skew the heat map You know, you can you can filter the heat map in here for very very high liquidity right now It's an auction The markets are an auction it's buyers and sellers and They there's two different basically two different players in here. Well buyers and sellers, but There's two different players on in another regard those that are providing liquidity that want to deal at specific price levels and The those that I just want in the market immediately so The ones that want into the market immediately are the market buy and market sell orders These are the ones that move price If all of a sudden you they come in it's like let's say you go into the candy store and you say like wow I Love this candy. I'm gonna buy it all. I'm gonna take it all Okay, that's like a market buy order. You're just gonna take all of that liquidity all all of the inventory Right, you just took it all now The other side of the trade In in this regard is the is the store. Okay, they're providing the supply and They're the ones that have the inventory and This is a really simplistic and just stick stick with it or you know, keep with me here for now But they are the ones providing the liquidity All right, they are like the limit sell orders and limit buy orders Okay, these are limit sell orders and above the market here and the limit buys are down below Okay, so now The Suppose that there was a you know, I love that candy and I'm buying it up left and right But let's suppose there is just like boxes of it Several boxes of it. Well, I don't I don't want all of that. I just want you know You know enough for you know, I don't know a handful or something right fill up my bag or something And that's all I want Okay, so that would be kind of similar to maybe this transaction here Okay, I want it. I charge up to it and I make the transaction here. Okay And now there's nothing left basically Okay, however in this market here, there is something left. There's high liquidity up here and up here If there are enough people like me in this marketplace That's where I need to go Okay, so high liquidity that's been in the order book for a long time Is like a magnet, okay The buyers know they can transact with these sellers in these areas They are already advertising in these zones here that this is where they want to deal It is already accepted and understood in the in the marketplace And now this is a disruption All of a sudden someone comes in with 864 let's just take a look at that Up here we have a hundred and twenty-seven and this is known and it was high liquidity in here up at thirty nine eighty a Hundred and twenty-seven contracts What happened here We have very very high liquidity very aggressive in the sense that is extremely close To current price. It's not way up here like this thirty nine eighty and Look at the difference here hundred and thirty-six contracts versus eight hundred and sixty five So all of a sudden there is a glut of supply and how did the market react to that? Well, it sold off Okay, there were not enough buyers and basically It's you know, it's kind of shocking To the market that all of a sudden there is massive supply in here. Well, something's going on Why did why why do and this guy actually pulled and added up here as you guys can see? So this is like a spoof here because he's not transacting Right. He put in this high liquidity here with massive supply saying like I'll sell to you here But he doesn't mean it. He's like wow. I have so much and I'm willing to sell to you like You know, but then it kind of spooked the market here a little bit. We didn't we didn't find buyers Okay, so And in fact, we're getting an answer here that this not only do we not really find buyers This guy really doesn't want to sell we know that because he pulled that liquidity and added it up here Okay, look at this if we hover over here. We know that this was 876 75 74 contracts up here. It's 891 94 whatever 893 It's got to be the same player. He pulled from here and added here at the same moment And we have our large lot tracker here that shows probably about, you know, 800 or You know, probably 850 or I don't know maybe more than that is one individual actor Okay, that's just fact and we know that and we're displaying it here with our large lot tracker Okay, so all of a sudden we have massive supply here and The market reacts to it that doesn't find buyers. This is repelling the the buyers here All right, well it comes down further and then they jump in here again same player Okay, this time he's got a little bit less here this time. He's actually starting to transact Okay, we can see six lots here just six traded Okay, a little bit more and then A little bit more traded in there it looks like and then price sold off again And now the dynamic is whoa, there's even more supply and it's at even a lower level. It's not finding buyers Okay, it's repelling the buyers Uh, and um, it's just supply and demand Okay, it's very aggressive. It's instant. It just jumps in here and disrupts the whole supply chain basically If that makes sense Does that answer your question? Okay, so you can see that, you know, the market needs liquidity to trade Okay, but does it need all of this liquidity in here and all this supply? Well, maybe if it finds enough buyers, but it's not Right, so it's just It's just like, you know, that candy example are going to, you know, the farmers market and like, you know The fall and there's just, you know pumpkins And pumpkins all over the place They're gonna they're gonna cost less because there's massive supply. So this is that that, uh Um context here between the supply and the price Okay, now if something's out of season and there's not much in supply But there's still demand. Well, the price is going to be high then It's going to go up in price All right, it's just supply and demand Okay, and we're understanding that dynamic here, um at microsecond or even nanosecond levels Okay, Jonah, uh, I think I think I got the question, uh, answered here. Um We get this question all the time Uh, white lines are part of the sea. Let's see the, um, large lot tracker. Yes, you basically mean the individual. Yes, that's correct It's one individual actor. We covered that one. Um Yeah, we can we'll take a look at tesla as well I thought I had it up. Um, and we'll also take a look at ms tr Um, just a minute here, uh, but uh, Yeah, we're kind of all over the place off to a rocky start here To be honest, there's a lot of things I want to show you guys today as well Anyway, that that should answer that we answer the question about, you know, high supply and high demand in in detail there So I hope that, um You know helps, um and No, it's not the number of orders, mr. Pocket, but that makes sense. I can understand why you would think that um because In that large lot tracker Because of the mbo data, but it's not it's it's actually one individual actor that's holding That much liquidity And it has nothing to do with positioning queue But that's something else we may do um It's it's funny the the mbo data came out and the cme was talking about positioning queue As being the the big feature and we didn't do anything about it Uh, we came up with stops and icebergs instead, which is a much deeper Level of transparency than the position in queue In my opinion, uh, I mean, this is just amazing information down here with stops and icebergs Okay, you can only get that with, uh Mbo data from the cme guys, uh, and you will have to have rhythmic data as well For that to work in book map All right. All right, excellent. So it looks like we're caught up there in questions. Um Uh, let's see uh hydro. Good morning and uh burt. Did he get filled or was he spoofing? So a little bit of both Um, mostly spoofing though to me I mean if he's this is the way that I answer that question is if he is um If he really wants to get filled he's gonna get filled That's when you see some of those ignition algos. They look like ignition algos um Similar to this kind of spoof in here, but they're they're chasing after the market and trying to skew that order book But they stay in the book and they want to get filled that means that they're they're basically screwed They're they're they're in a losing position. They're trying to get Filled as fast as they can by chasing after the market. Okay other times it's it's a ignition algo trying to Um ignite stops below a specific level Okay by skewing the order book like this I mean if you have massive supply and massive demand Uh at your fingertips You can manipulate the market and that's what people do with spoofing Okay, it can it can affect the market. Uh, and I think that's what we're seeing right in here Okay with excellent effect. I mean just unbelievable. It was breaking out. It was looking strong in here Uh and looking for it to trade up into this 980 and then someone came in and just totally disrupted the whole picture right here And it got got priced to come down to here and likely they got their position filled in these areas Okay, now look at look at this in here Look at the icebergs getting filled in here. Okay, and it's not a whole lot, but there's some Is that their game uh to um You know fill get their icebergs filled in these areas Well, if so well, it was highly successful so successful price went down another like, you know 10 points or so There we go tropical hydro supply and demand excellent. That's uh your your economics 101 right there Yep, uh, that's uh what um, uh You uh, you'll see in any uh economics uh textbook And the markets are no different in here really every everything's supply and demand This is how markets work. Uh book map is just just excellent here at visualizing that uh dynamic in that context All right, so let's see we we did make a higher uh higher high now Okay, we saw this back and forth in here and that spoof and blah blah blah And we finally did make a higher high now. Look at the that there's a lot of selling up here though This is really weird Okay, there's more selling than than there is buying Okay, and now look at these guys jockeying in here, uh as well Now there's high demand here. What's the reaction? Okay Well, we're actually starting to see some sellers attracted to some of this liquidity in here. This had the opposite effect Okay, again context understanding this liquidity in here and the reaction to price or the aggressors Johnny you've seen that uh walmart is mostly uh traded by algos Looks like a bunch of systematic uh staircases. Yeah. Yeah, maybe we can take a look at that as well Yeah, uh, we'll take a okay. We'll take a look at tesla here guys typically In these webinars, we we'll look at anything you guys want to look at You know to try to keep the flow of the conversation or the presentation going about reading order flow Uh Usually we just look at the s and p e many because that's what most traders want to see Okay, here's our tesla Um, it looks pretty decent. Um in here I've got a candlestick up Take that off. Yeah, high liquidity here at 94. It looks like it wants to go right to it here Uh starting to see a lot of sellers on the way up though Okay, so, um You know, that's not a good sign So, uh, maybe we'll just see a test up into 94 and these 137, uh, thousand shares here And then maybe a nice pull back to 90 or maybe even lower 87 here These previous transactions All right, but uh been pretty strong Move here. It's just not strong buying in here So that's kind of odd. We saw that just in the s and p as well I don't know. We've got dug in here. I think dug. You got any insights on that? Uh dug p dug plus Guys, if you aren't familiar with dug, uh He's uh really Got some uh excellent content that he's going over Uh here in our discord channel and dug will get you up on youtube Uh, maybe next week. Um, I need to show you, uh Some things to to get that up and running But, you know, this this is the kind of some of the kind of things that he's looking at here Like, well, okay, we're going higher but on selling. What's what are the options doing? Um, and uh, You know, is there some sort of a divergence between the options buying and selling versus the price? Uh movement here So, uh, yeah, I'm just I was just kind of curious. Maybe you had some insight. This is like in tesla here It's a very weird move Um, you know, it's trickling up and then like massive selling trickling up massive selling, etc Uh, let's take a look at our walmart here. Um, yeah, there's a bunch of algos for sure. It's very very spotty in here Um, I don't see anyone's trying to move Price around at the moment Yeah, they're just kind of all over the place Anyway, that's what I see. Let's take a look at ms tr Okay. Wow. High liquidity down here Uh 154 50 and then 150 Uh a lot of uh demand down here. Uh, we can see the reaction Okay, so a nice move to the upside here Uh Yeah, it's kind of slowing down here. It just broke out here a little bit But not a whole lot Okay, but you know still Still kind of still bullish here. Um, maybe uh, maybe we can let's see if we get a bit of buying right here Okay, I don't see much. I see it down here at 72. Okay, not at the 73 50 Uh, and if we if we can get a lack of selling come back up here get more buying than our 79 and 80 look Look pretty good in here This 80 level being uh, probably the key figure Okay, so not not really seeing too much there Uh, and uh, let's jump over Dollar index is falling. That makes sense. Uh, Dmitri the uh, I think that cpi data, uh really helped uh yesterday so Let's let's talk about some of the fundamental concepts in here, uh in in correlations And these are really simple well known established correlations like Risk on you hear risk on risk off Um, uh, well and it's basically we can get back to the discussion of supply and demand So, uh risk on well, that's they're people gonna they want to put some risk on so where where is it going to go? Tech stocks. There's a good place Uh stocks in general are riskier compared to like bonds Uh when risk is off That's when you're going to see dollar strength people Um, uh selling stocks putting into dollars Uh putting into less risky Um assets they'll put they'll be buying bonds So that's when you see these shifts Uh and changes so the dollar index there. Mr. Um, mr. Pocket. Um is um, uh an excellent Or i'm sorry. Uh, Dmitri Is uh is an excellent, um Uh correlation to take a look at Okay, I don't have the dollar index up. Uh, however, we could look at the euro dollar futures Since I think 60 of the dollar index is the euro anyway Okay, so, um Yeah, and that might be the proxy So the euro should be up, um a lot from yesterday If it's not that's actually telling us something too All right, but uh, we should have seen dollar weakness yesterday. That's for sure Uh leave in a global member for a few days loving the software. Excellent You're drawn to your screen and analyzing the data excellent Yeah, well, we can go through that exercise, uh lee of, um Okay, so we check tesla guys. I think i'm all yeah, we're all caught up now. Okay, um Lee we can go through that exercise in here of looking at candlesticks Uh and comparing um What's inside the candles? This is a really great exercise. I I um, we've done it in the past. Um, you know several times Uh, and uh, let's just um Uh, we can pick something. I will just we'll stick with this for now with the s and p Uh, and uh, let's see what kind of we've got a five minute candlestick chart here. Okay. That's good. That's fine um And let's read the candles Okay, so actually let's take off the heat map. Let's take off the volume dots. Let's take off best bid and offer Just candles All right, so What do we read in the candles? Well, we came up up above this swing here. We found some selling pressure Okay, or lack of lack of buying uh now we we uh, we had kind of uh Two doji's in here or what I don't know shooting star whatever you want to call it hammer. I forget Uh, but it's it's the concept behind it. I You know, you don't have to know the pattern Um, but the concept behind it is like top of a range We're not finding buyers All right, so your candlestick you'd be short probably around here You're looking for it to hit this and then break down. This actually played out pretty nicely, right? You'd be looking for it to come back down to Well, you wouldn't necessarily be looking at our 72 And a half here, uh, maybe be looking for down into to this range down here 65 Okay, because you just see other wicks in here, um, so uh Yeah, starting to find a little bit of buying as you guys can see coming in here Okay, maybe to retest back to where it dropped from up here Okay at 80 these are some considerations in the candlestick Right now we're just we don't know though looking at the candlestick like where's that volume trading? Uh, how much is trading? Yeah, you we have it in the sub chart here, but that's it And we don't it's not associated to exactly where in the price levels We can't see it. What about the other side of that trade? Well, that's non-existent in here on a candlestick chart You cannot see that context whatsoever All right, so let's let's turn those things on. Let's actually look at pure price action By just turning on best bid and offer And here we're already gaining insight. Here's a wick Right, but this is a little this is like a little double bottom right here Okay So now let's let's zoom in here. Let's look at the order flow in this little area here And and we also know why we thought, you know, probably around 72 50 or this little swing in here Looks like a good area for price to retest Again, you cannot see that in the candlestick chart now if you can look at a one-minute candlestick chart It's going to be the same argument. We can look inside a one-minute candle So, uh, we'll we'll just stick with the five minute for now But so what you know what happened here will we drop back down to this swing? Uh, we have a double bottom pattern in here and we found well Price moved back up and it moved back up to where it dropped from right here Okay, and we we actually talked about that even in the candle retesting back up to here Okay, so it it just did All right, so and now that candle is just just closing right now And a new one's forming uh, so now That's giving us some insight, but we still don't really see much Let's turn on the volume dots. Okay. Let's see precisely where uh, things are uh, transacting Okay, well, here's our selling Here's our retest back down here And then look at the buying in here Okay, guys, we go through this every every single webinar about understanding the context of these aggressors within the price structure We broke out here. We see the buying coming in um Then we look we look left here to where it might go and this is a good little area right in here To take a look at okay between 80 and 80 and a half and 81 and that's exactly where price went Okay, now look where it just retested again here Okay, see the structure It's right here. Here's the swing. Here's the structure Here's where it retested again. Okay. See how we've already seen that Like three or four times, right? In this just going through this simple example In other areas here, so it just repeats. Okay, it's up here Same thing retest back to there where it dropped from Okay, now we're seeing it come back down And then we're finding more sellers. Okay If that's the case, I'm looking for these sellers not only to test here, which are just about to at 74 I think there should they should have enough selling pressure in here to break this 74 Hit our 72 and a half and maybe even trade below it Okay, so we're looking for those sellers right now. We're looking for them Okay, and it's kind of bouncing around in here Now that's good. We got some insight there Uh with the candle and the volume and price structure Okay, but we're still missing a piece. Where is that supply and demand in here? And that's where the heat map comes in very very handy Okay, well here here's the demand down here at 74 Okay, now look at this we got we had to move back up. We found some good buying in here Uh, however, they were unable to make a higher high here at least so far All right, so if we get enough sellers right here around 77 Uh, I'm looking for the move to the bottom of the range 74 and a quarter and maybe through it Uh down to our 72 and a half Okay, now let's read the candle in here right the candle is not telling us much Okay, we just look for well, it's a red candle. We look for the test down to the bottom of the range at 74 and a quarter Okay, we know a little bit more though. We're looking for a 72 and a half Okay, we already know that even the price structure in here lower high lower high lower high Starting to find some sellers down here. It's looking a little bit better Okay, now what about what about the supply? Where is it in here? It's up here at the top of the range. Well, we'd like to see it down a little bit lower here Right like that spoof We'd like to see these guys pull at 74 Okay, that would be a much clearer picture for the move down So we're not really getting that we're not getting all those pieces We're still looking for our sellers at this bottom edge and then the move lower And we're just not getting A really good read Or higher probability read in here due to the liquidity being way up here And there still seems to be some demand down here at 74 And we still find a little bit of buying back and forth in here Okay, so There we are. We've looked into the candlestick. We're understanding the structure And we understand what makes up the candle Okay, we understand the supply and the demand in the in the marketplace Okay, look at this these guys are pulling up here Interesting. All right. So they don't want to be sellers up here. Are we getting buyers up here? Yeah, we're starting to Okay, so what Now, what about what about the order book on and then what about the demand? Where's the demand? Well, we're seeing a little bit come in but it's way down here And we want to see them kind of up a little bit higher here That would give us a high better insight Uh for maybe a move move back up into 85 here Okay, and your candlestick you'd be looking for the maybe the move back up to this wick here at 84 Which is the top of the range I'm not not seeing much right now guys not seeing much a little bit more on the bid here at 78 That's good. A little bit more buying. Can we get more buying in here? Let's see it If we do if we do we should we should be able to to break 94 up or i'm sorry up to 84 Yeah, here we go. Let's see it. Let's see it buyers. We should get the shot up here to 84 maybe 85 Now these guys got to stay in the book though They did did we just found some sellers though. So anyway still nothing real high probability in here It's some back and forth right now Right now that that's what is telling you so, you know That's what the order flow is telling us the participants in here Okay, the candlestick chart probably is telling you here to buy it right If it breaks this here or Or if it breaks this here at at 84 Okay, and and we found If we and we may we may here. We don't know Yeah, but that's how you trade the candle Okay, and then you'd be looking for the move back up to here Yeah, I still It may do it. I just don't don't like it. We see that there's here at 84 and and 85 in here That was our original target um And uh, but uh, yeah liquidity here and they seem to want it the buyers But look how dark it is here and watch the seller sellers can come in and shoot this right back down to 80 so quickly and so Why take the risk the order flow we don't You know the sellers can come in and and move it like that. So why would you take the risk? How do you set up hotkeys and book map? That's really really easy really straightforward Yeah, I've got it set up on a lot of the drawing tools. So go up to settings And then go to keyboard shortcuts here And then for the drawing tools click on toolbar here Click on drawing tools here and then in here you you you can see I put in one letter for my Clear drawings or edit drawings just double click in here and you can add your shortcut here Okay, that's it. Uh joe what the term is the candle color the delta For period covering by candle Now the the candle color if it it's open high low and close if it closes back up above Uh, the um the open it will be a green count candle You can see like it's green right now and then it might it may turn red But if it turns red it has to go down below this area here where it opened Okay, it was red down here And then it reversed and came back up All right, this candle is it's kind of working its way back up Okay, looking for our 88 and our 90 in here Hey more more buyers Okay likely to trade up here. I just still don't don't like it in here. I just don't see anything like really strong Uh, so filter out, you know something that Uh has a little bit more risk to it That's your thought as well Lee. Okay, uh, and then let's see Dave When demands keeps pushing up against those limit cell orders Very aggressively usually we will uh fill those. Yeah, that's that's true. I think so too Uh, a lot of times you'll see also, you know, so we're coming up into these levels here. Um And you know, we were we were More or less we're looking for that But we just didn't like it You know, it wasn't as clear Uh as other other setups And we didn't have all the pieces. Let me get to some other questions in here So now watch this, uh, Dave They see see the liquidity up here at 90. Well, you know, we found actually enough to trade into these guys here at 89 And a little bit above Okay, so there might be enough buyers in here If it's a larger player up here at 90, which is likely Um, watch how they get filled up here Uh We'll see a lot of supply a lot of demand come in here and push it up into 90 Okay, so well, that's why we're looking at the order book and we're looking for it to light up underneath here 86 86 and a half 85 85 and a half Uh, and uh, usually that's how you know, uh, larger players can kind of guarantee their fill up into their 90 level Uh, scott fulsini talks about this all the time. He used to do something similar Set his target Uh, and then, uh You know create demand Maybe buying also limit orders underneath Very aggressive And then it kind of kicks everybody off and and tells people hey, you know, let's go after this liquidity up here Which is where he's selling orders up at 4 000. Let's take a look. Yeah Hey, maybe maybe today That's not very far away Uh, he cheated. Hey that it's this game. That is how the game is played um game theory, uh, and uh Even jesse jesse livamore talks about it. Uh, he he like half of the book You know the latter half of the book. He's talking about manipulation Uh, and back then there was no regulation. It was the wild west. You could do whatever you want Short to 4 000 and chill. All right, mr. Pocket. I like it Or anyway That was our kind of candlestick Now even on this higher time frame look at the candles up in here lots of wicks All right, so we know that there's some selling pressure. Well, let's verify it. Well. Yeah, absolutely. Look at sellers here sellers here More sellers here. Okay some buying pressure Back up into these wicks Now we're selling off Uh likely okay just based on these candles right down into 80 here You know kind of where it broke out from Right here Again looking at market structure Market structure is so important and it's it's understood by The buyers and sellers in here it makes up everything Makes up your profiles. It makes up your patterns And it's all based off of the order flow Oh, hey, hey, michael, let me know if you have any questions. Happy happy to help you out um And shul, uh, how much effective break out can we identify with cvp? Uh, we talked about that in length. Uh, actually, um, there's our move into 80 guys. Um Kind of curious to see what happens now Uh, to be honest, I would imagine we'll probably get a little bit of bounce back up But this that's some pretty heavy selling right there So it probably has a little bit of a move still to the downside left in it Okay, again not really seeing anything high probability at the moment. Um Let me show you that video, uh, where, uh We talked about weak tops and weak bottoms Okay, so it's under here in our Uh, live stream recordings and Here it is right here this one. Okay, so uh, and I can share it here with you All right, and we can kind of go over it and you know encapsulate it a little bit here hold on Uh, is it good to reboot uh book map before the trading session? Is it okay to let it run? Uh, I what I do in the morning is I I open up my book map first I start collecting data and I leave it open for the day and you can close it end of the day And then just repeat Okay, yeah splitting the cvp into delta is is a great way. Um Yeah, still some more selling pressure guys I'm I'm still looking for a bit of a bounce though even even here. It looks pretty good in terms of the structure One I mean a couple caveats though. I'm seeing selling pressure. I'm not seeing anyone in the order book in here or not much so I mean here, you know it I had the heat map rather filtered But uh, they filled these guys and there's still more selling pressures. So back to 75 back to 72. Maybe maybe But um, we're just we're just still seeing selling pressure come in here Okay, so we're still looking for the continuation Okay, until that gets disrupted um Oh, yeah cvp column. All right. Let's add a new column in here Uh, and then uh, we'll we'll configure it. You want to look at delta. Is that right? Delta is great. I mean, I I like looking at the delta. It's by minus cell in the column Uh, it very nicely kind of marks up areas where there's trapped volume like trapped buyers up here Uh, you can see it much clearer than you can with the cvp column Or the opposite like well, yeah, they're up here if we can get back up above this pivot line up here Which is at around 84 Buyers are in control up there or were earlier sellers are in control all the way back to 84 Can you guys see that? Okay, see the green up above and then red down below So, you know, we can look for these to kind of even maybe give us a little bit of insight to structure Okay around 84 there. So we'll just mark up a line Okay, some some on the bid here some some demand on the bid Looking for a bit of buying maybe come right back up to 81 and a half and then maybe back to our 84 level That's our that was our pivot that we kind of identified there Okay, so um, yeah, this looks better I'm just looking for our buyers and I don't see too many here, but look at the bid here. That looks good Now we're just looking for our buyers in here to lift it And now this guy's stubborn here at 81 and a quarter. We need to see him start to pull some of that liquidity Okay, then then it's like kind of free free sailing here or free ride here for those buyers To be able to mark price up Okay, but the bid looks good looks pretty strong in here Stronger than what we've seen recently Okay, now we've we've got that part of the of the puzzle we don't have up here the buyers part This is actually the most important part Okay, so again not high probability All right So stay away from it Look for something that gives you that edge Only trade when you have the edge You like the large trade alert. Okay. Yeah, be careful with that one That can you can get large trade alerts all day long and every second or whatever So look look what happened guys. So all of a sudden we got buyers Okay, we were looking for him earlier. The bid looked good We just we stayed away from it And here's what happened buyers came streaming in all of a sudden Okay, and we're able to move price just like this looking for them to continue though 84 looking for our 84 level Maybe let's let's take a look maybe up into 85 and 86 I like actually this 86 ish area up here Okay, this is our pivot though right here at 84 if we get our buyers up there like this has got More buying in here to to move it higher Okay, more buyers that are on the same page. Okay, here's our 84 Okay, that's our first test that we're looking for Okay, now let's see if we can get a little bit more in here And try to blast through our 84 Up into these guys up here, right? That's what we're looking for buyer. These buyers up here Okay, we may get a very quick pull back here to 81 and a half or even 81 here Okay, because of our pivot Be a little bit of a battle in here potentially Yeah, this play around with these. There's our pullback guys. Um, yeah Be be careful in these markets here today. Um, there's a lot of back and forth at the moment um So, uh, yeah cvp is is is great. You can split this out as well Okay, if you want to you want to compare them like this um Or you know, you don't want to show the delta and just split out all of it Okay, or you want to look at your profile You know, there's all sorts of different ways, but yeah, I'm going to stick with this, uh, delta. I like it so, uh And that that is the doubt the difference between the cvp and this one But this one is showing here if you go to configure I have it on delta Otherwise then it would be equal Okay So it's it's by minus cell see the red here is the sellers look at the green and those are buyers By minus cell showing that there's 200 more buyers than sellers At that price level within this viewable range Okay, the the cvp columns only for what's viewable within my range here That's it. Okay. So this will change if I zoom in Delta means by minus cell Okay, I think I got all I think I'm all caught up here Uh dug. I'm sorry. So guys I was reading all the questions there. Um, well, let's see if we can get our breakout here We're back up here again And there's quite a bit of 85 and a half Uh liquidity there 300 contracts Uh, but we're back up here and we're kind of hanging out up here I think there might be enough buyers to trade into that 300 there Uh, and we might be able to get our breakout up into our 86 and maybe even 90 level here Yeah, there it is See now that see how we got the little bit of a push there. This is what I was talking about earlier Um, that uh, you know, you you'll see the uh traders on the other side in here like in here Push it up into this area. They wanted to get filled You know, so you'll see that kind of last maybe this happens a lot at this kind of order flow event It happens a lot at extremes That you'll see the the bid light up a little bit to get it to push and finally fill liquidity up here Then you'll watch these guys pull their liquidity You see the sellers come in they'll drive it right back down to 81 and 80 here Okay, so this might be the end of our little move that we were just looking for Up into that 86 level It's this is a very small example of it. Usually this is on a much much bigger time frame. This would be hours in here potentially At least tens of minutes here. All right, Doug. Yeah, let's go over this. Uh, good stuff, Doug. Thank you. You're looking at the Guys, we have Doug in the afternoon, uh, and you guys are well aware. We have also we have quite a lineup card here Um Right after this webinar in another half hours or 25 minutes, we have Tom B. He will go through volume profile Uh and the way that he looks at the order flow and trades Then after that we have Doug Doug plus who's going to be going through options and what he looks at as Uh this uh hero indicator on higher time frame options Uh and then order flow around Uh this kind of options structure in here Okay, so here we're looking at, um I guess it's the s and p Uh e mini dug is that correct? Or maybe this is um spy. I don't know Uh anyway, um Not we're seeing a little bit of divergence in here just now Okay, a little bit more selling options compared to the price. Oh, this is tesla. Okay, because I cannot see Oh Here it is up here tesla. I got it. I see okay. Well tesla went went very nicely to the upside here Uh and uh a little bit of divergence now, huh? So based off of that And Doug's kickoff strategy, uh, you know, we'd be looking to see if maybe price can now kind of come down and match some of that option selling Okay, so that was some minutes ago. Let's see if it played out A little bit No, we see we see tesla selling off a bit Okay, now we actually got a pullback here Uh to where it kind of broke from so looking again for more sellers in here Okay, and then move back down to Below 190 uh looking for it to this one. Well, let's just call it 189 Okay, we're at 191 right now Okay, a little bit above All right, so there you go there, you know, there's another perspective in here looking at the order flow around a higher time frame structure in the options Okay, so and let's look at some technical analysis around that idea It is holding looking for sellers then looking for the move down into Maybe even 88 maybe even comes down to 85 Okay, we know that there's a lot of selling up here Even though it went higher All right, so putting together a lot of pieces in here. Look at CVD. This is a classic I mean, it's a weird move here and look at this CVD go down to the downside as price is going up Interesting stuff Okay, so let's see we did get our So Ah god, what do we cover in here? Um Yeah, end of the move type of thing We were covering on on a very small time frame like I said This usually takes place on much higher time frame this kind of skewing the order book underneath to get it to fill in here Uh and uh push it into it and then that's it. They got they pull sellers will come in they start moving it And we talked about 80 and or 81 and 80. It's already traded there. It's coming to 79. There it is Uh, let's see if we can go lower back down to 75 here Yeah, lower high here Lots of selling coming in Yeah, 75 And maybe even lower Okay, I really like 75 though And we're almost there There's look at the skew on the on the offer there as well pushing price down And there is our 75 guys right there Okay, it's still going still going Okay to our our 72 and a half level remember remember that one seems like a year ago It was just uh half an hour ago or so 45 minutes ago Okay, uh, you're you're going to discuss the ES spx and spy in detail in your webinar today. Okay, excellent Doug. Thanks Guys when you read when you can read the order flow in here and it just looks much much clearer I mean, I should have said it looked look much clear. Um, the moves are they're they're easy reads typically You know, we don't know what's going to happen, but typically When we get the order flow on our side, we can point to our targets and look for them to trade to them Okay, and and all this back and forth and chop we can avoid and look for the the strong kind of pure pure move here in the order flow Theta badger, uh, how often do you see a big move without Larger liquidity placed in that direction aside from the uh from the news So i'm not i'm not sure I understand the question. So like up here at 4 000 And a move up into 4 000 without large liquidity In a trend in even a strong trend Uh, typically what you see Let me let me maybe I can show the stock it's it it'll show it better Typically what you see is the the trend um There's always high liquidity levels here It'll trade up to it pull back trade up to the next one pull back trade up to the next one pull back That's typically what we see it really depends on that on the context, but that's more or less it Guys this turned out. I mean i'm telling you Doug is on to something really really good. Uh, you might want to go to his webinar I mean, I love it. Um And it makes such clarity to me and sense. Um, and these are some pretty You know straightforward moves here order flow Some technical analysis around the order flow here. I mean, which is just this trend line here Uh, and then looking for the sellers pull back more sellers going lower With the bigger picture structure being not the market structure here in tesla But the market structure being in options Okay, and and based off of what we're still looking for it to go lower 88 Okay 188 All right Yeah, all all of those offers refreshed. Um, um added a lot to the supply Yep, Dave Okay, so theta badger. I think I answered your question then on the trending Relationship between now that's that that again is is part of the educational course. So let me show you where that is Uh, and this is why I keep bringing it up our educational course because this Webinar this live event here Uh, that we have is all based off the educational course. It's right here down under bonus materials Click on view full playlist. Uh, there's four of them in here Okay, one of them about Um order flow and a trend is covered in here on part two Okay, so I would really I highly recommend Watching parts one and two and then that'll probably you know Allow you to or kind of entice you to watch three and four but parts one and two are more more important It sets up the whole foundation It's time to rewatch them. Okay. Yeah, I mean There's some some things in there that you know, we go through that we just go through again and again in here as well Let's see you guys there, you know, there's a few other things. Um Let's take a look around the the horn here Interesting Walmart trade into the 140 Uh Well, the 139 80 is the next level here, but 140 is this, you know, that's a a lot of liquidity there Mstr Is traded down to where it broke out from here one almost 164 So at 166 80 right now Um, not not really seeing much except for liquidity down here at 160 and then 155 Also 180 here Uh, yeah, I was previously looking for it to go up I I think after the when we were looking at it was for it to Uh, kind of bounce off here and trade up to 180 and it didn't it failed Uh, and is uh going lower. So next level of probably 164 um and then Yeah, we just went over tesla We'll come back and take a look at tesla again. See if it comes down to the uh Uh 188 level here All right. I want to cover cover a few more things guys like um And uh, I think you're really gonna like uh like these first off the crypto markets have have been just uh insane lately And uh, we just released a new indicator It's called the uh liquidation indicator now we actually Um released it a while back. I mean less than a year ago, but uh, um, I don't know like six months ago or maybe more uh It's excellent. It will show you where the Um, you you can see liquidations in the marketplace here. So uh, here we're looking at binance futures And we can show you precisely where like, you know Not just stops people getting stopped out like the the stop and um, uh Iceberg detector where people are actually getting liquidated by the exchange The exchange is saying you are getting a margin call. We are closing your position And you're seeing it here 25 000 here 17 000 here Uh, you know 32 000 here Okay, as this continues to go against them more liquidations occur All right, so we can talk about liquidation Divergences when we come back down on a double bottom and we so we see none That could be put that together with maybe your higher time frame. Um Levels into correlation That will give you some insight All right, and you'll watch the market reverse a lot of times and then try to liquidate people on the other side of the range Anyway, that's kind of we already knew all of that the new product. This is great Well, we offered multi book, which means the multi book product here, which is bookmap data. So this is btc usd t Uh, you know usd tether, uh the perpetual Version here Using mb at bookmap data bmd This is showing you binance futures bybit and okex all within one instrument here And we're also showing the liquidations now. It is now available on multi book. This is great Right, so you can see massive liquidations in here guys. This is amazing stuff There are millions here 3.1 million liquidated here 330,000 liquidated here. These are massive positions 682 liquidated Um, I mean, this is just amazing now, you know ftx is uh, basically declared bankruptcy, I believe Sam sam bankman has stepped down Uh as chairman So We're seeing the whole thing on wind Uh and The liquidation indicator is showing that it's it's pretty it's pretty amazing now the the new indicator here Let me show you where you can find it on the bookmap marketplace. Okay, go to bookmap.com We'll go to the knowledge base here and then the add-on section And then we'll go to liquidation indicator here Okay, and you can read about it here. There's a video in here. Uh, it's been updated now. It now includes Uh liquidations for multi book. That's huge. Okay. Now that'll work on bookmap 7.3 Um, which is the current production version however With 7.4 you also get historical liquidations on the backfill data So you open up your book map you start collecting data um If you add, you know, you can you can zoom all the way out for example here Uh, and then we can add more Uh data in here right here the gray little gray square once we've zoomed all the way out We want to see more click on it. Uh add more in here load it Uh and watch We'll see even more liquidations Past this time here, which is uh, what? 11 30 Yesterday Okay, so 11 30 p.m. So let's let's watch and see what we get here. Uh, it's loading it right now is this red text all right, so, um This is pretty amazing. Uh, not only for the multi book products and it's for all of them or i'm sorry It's for those that have those exchanges that offer liquidations Okay, so not all of them offer it. Um, but some of them do in the multi book product Okay, so you can download even more information and and uh and take a look at those liquidations All right, so we'll just give this a second here Uh, and then I want to show you Now this is only this historical, um liquidation information only works for 7.4 Okay, you will need to download that's an alpha version. Uh, so They're you know, just note is an alpha version okay, so crashes Are are not just likely they are going to occur Okay with an alpha version Just so you know All right, but if you want that information you can get it here Um on those historical liquidations now that said Uh, there is a new product here You guys might be aware of as well our book map web version for crypto You need to sign in Uh here or log in I thought I had it up hold on Yeah, no, I've got it. I'm up Okay, so, um Uh here you're looking at liquidations now we can zoom out to a month here Okay, let's let's do that one month of data in here and look at the liquidations in here guys It's just it's unbelievable We're seeing this whole meltdown here Here's 2 million. Here's almost 3.6 million Uh, it's you know It's a train wreck And you can zoom in and you can see all these liquidations in here All right, so I I'll I'll put this in here the um The link to It's free. Uh, you guys just need to sign up for it. Okay. It's only for crypto Uh, but let me show you here how it works Uh, click on the instruments over here or hover over. Here's our multi book product here Okay, and then these are all the different. This is all free Um, uh, this is all live data in here now see the little flame icon in there Down here from here all the way to the bottom that little flame icon that will show liquidations Okay, so choose a market that shows liquidations. You'll note that they're all the perpetual markets here. Okay Uh, Binance futures all of them are showing liquidations as a futures product and they offer it Um, so, um, yeah, here's bit mechs. It does not have liquidations You'll also see the liquidations indicator right here the little flame icon Uh, our discord member number. Yeah, just just go to um bookmap.com Uh and says join discord here right at the top and just go to it Okay Anyway guys, I I um I encourage you to check this out Take a look at the liquidation indicator In the bookmap web you can zoom out and a month and you can see this all unfolding in here It's really quite something and It works on historical data now. All right, so that was one thing Okay, there's one more thing I want to go over And Let's just take a look peak back here at this s and p and see what happened Okay, we left off with this move down to 75 And it kept going Okay, it was a strong move. Oh 70 we left off it was we were looking for our 72 and a half line um, and you know look 72 and a half was pretty or 70s looking pretty good here And now look at the look at the dynamic here in the order book heavy selling Heavy on the offer here A few buyers, but they don't even tangle with this selling in here a little bit actually right at here at 70 and in three quarters Heavy selling again next leg down Okay, now let's read the order flow in here And then we'll get to the next thing I want to show you guys Heavy selling high liquidity on the offer starting to find some buyers heavy selling starting to find buyers Okay, so we're getting kind of a back and forth pattern in here Okay, what about buyers up here? Don't see them yet if we don't see buyers up in here I imagine we'll trade at least down to where these buyers bought previously here In the market structure and then the order flow structure Okay, so let's see if they do we're looking for the move here Okay for those sellers To hit into okay, and then we're looking for buyers to support it here All right, here's what's unfolding. It actually came back down a little bit further It came back down to this level here now. We're finding our buyers starting to come in All right Well, let's do the same process here. Here's where they just broke out from here Okay, now we're looking for them to try to support it again, and I don't see them I don't see them at all Okay, so let's see they may show up here If they do not We're looking for the move lower into Sixth and there it goes. I mean you can't get there quick enough, right? So we did not see them we saw we saw our sellers and if we if we're getting our sellers in here We're looking for their continuation move I mean I I wish I had more time to explain it Um But that those are the two scenarios we were looking for Looking for buyers here. We didn't find them. We saw our sellers We're looking for them to take it back down to this lower level of liquidity here 62 and a half and 61 60 Maybe down to 50 That's pretty heavy selling Okay, so we're looking to see if we can still get it now That's scenario number one and that looks most likely here because there's heavy selling in here Sellers are in control from this point onward We do see these little pockets of buying so the secondary scenario would be this fails And we get buyers back up here at 70 If we do trading to 72 and a half and then potentially breaking out up into our previous levels up here Uh 84 look pretty good. Okay. Look more probable at least just by talking about market structure here Okay, so primary move is to the downside. That's what we're looking for more heavy selling driving the market lower All right, but the the secondary one is this fails comes back up to our first first little test would be right here And this is where we need to find buyers up at 65 Okay, and we may we may get them Yeah, I don't see them Still sticking with this the the downward direction here until we see something else Stick with the order flow until we see something that tells us Otherwise All right guys, so let me go through one more thing. I want to show you we just released this yesterday Uh, it is instrument copy. There is a video for this as well Let me show you where it is And i'm going through all these things because you know i'm kind of You know we're going through a lot of things today um but And nice continuation move here 60 looking for our 60 um the um The reason I want to go over these new Features in book map here because they're pretty significant and there's another one coming. Um, or there's a few more coming This next week and and weeks following And they are very significant. So we got to we got to go over these things And you're going to like them. It's going to enhance your trading All right, so anyway, one of them is called and it works with 7.3 or 4. It does not matter Um, one is called here. Um, we scroll down a little bit It is called instrument copy right here Okay, click on that Let me show you where it is first Again from the book map marketplace Okay, oh i'm sorry book map knowledge base go there Go to add-ons and then look for Instrument copy right here And then you can read through it in here. There's a video as well that we put in here Okay, so it's about three three minutes long or four minutes long Uh, and then understand what this is. It's great indicator. Here's why you can now look at two different or five Whatever instances of the same instrument, okay from the same data provider. That was not possible before Okay, so for example, let's uh, once you add instrument copy here You can see I've already created one here and I can unsubscribe from it It's created a copy right here esz to At copy it made a copy of this instrument over here All right, and that's exactly what it is here. All right now. There are some drawbacks on this Um, we can look at mbo data in here as well. However, no historical mbo data Okay, it cannot copy mbo data Uh, it's it's way too heavy. It's way too much Uh, but uh, we can certainly It will work with all add-ons indicators or you know, you can create your own studies in here Um, if you want a totally different setup for example, um Maybe you want uh, this to be your higher time frame of view Okay, let's just open this up in a new Uh New window Okay, maybe you want this to be your higher time frame view and you want your uh, This one to be your smaller time frame view and and you want to trade from it Okay, you can do that. Okay, so what and you can, uh Um Manipulate all of these in here. You want to look at the time in sales. Maybe Uh, and that's it Okay, whatever whatever floats your boat basically, um, and uh Yep, so yeah, we'll zoom out on that one. We'll zoom in on this one. Okay So on this one, we're not getting too much insight on where it might go Well, let's let's also take a look at the heat map Uh and filter it Make it more extreme and try to get more insight in here. All right. Well, basically 40 looks pretty good or 50 here looks pretty good Uh on uh on the higher time frame starting to find a little bit of buying coming in here as well Uh, but let's let's take a look at our smaller time frame And what do we see? Well, we see the drop here did i'm sorry i'm looking at Okay, here we go Okay, and let's get rid of our candles There we go Okay, well a little bit of buying Actually quite a bit of buying Okay, remember what we talked about 65 we left off there. I still don't see him in here Uh at 65, but we might get buyers in here to support it at 60 and then trade up to 65 here Not seeing them yet Let's zoom in a little bit more Okay, our bigger time frame is still kind of this move to the downside, but our smaller time frame Well, let's just take a quick look. Maybe we'll we'll get Uh buyers back up here around 61 ish And then we should charge right back up into 64 65 If we can get the big buyers up here at 62 The the bid looks pretty good in here. See how they're supporting it on the bid Now we just need our buyers in here and then most we should get a nice little move up into 64 There they go All right, we're just looking for that though, you know, that that would be it Okay, so very this is a pretty strong move to the downside. So we're you know, the bigger trend is still to the downside here And we're just noting that even even on the higher time frame in here. We're noting what's going on in here Okay, this is a great new tool Uh, anyway, uh, let's let's let's close it here. Uh, it'll pop back into the, uh Um The line up here in our tabs up here. Okay, but let's I want to show you how to add others Uh, just hit create in here. You can give it a name. You can see where it's coming from I'm from the es right here Uh, and I can create a new one in here And it just popped out into a new tab over here All right, I'm gonna close it. It's it's just a copy where it just came from All right, I'm gonna close it though. I want to show another way That you can open this up here. Just click on the tab up here Okay, and then we'll we'll choose um Now it only works. It's a copy of something you already have open. That's how it works So you need to have, uh, the instrument open already. Let's look at rhythmic here. Um, and uh I'll just choose this, you know for right now And uh, it'll be nine x but you know For for uh for crude I click on it and it says do you it already exists up here. Do you want to make a copy of it instead? Okay, so you can choose from the drop down anything that is already listed up here That you have open so you don't have to go through that, you know that interface with the um instrument copy You can just click the plus tab and open it right up here, which is fantastic I really like the interface on this. Uh, and let's just choose another es Okay, and we'll we'll call this one like um cvd es with Uh cvd All right, there we go. Here it is over here es, uh cvd Uh, and then it's opening cumulative volume delta in the sub chart right All right guys, it's basically it now Once you uh I get in that uh habit here of using this instrument copy. Um This is just kind of setting the foundation for another indicator coming out soon Okay, so I wanted to cover that with you. Oh, wait a minute here. What did I do? This is this is crude oil All right, hold on I messed that one up Let's try that again Yeah, that's fine Okay, there we go Yeah, there's our copy there. They did it right now. Okay. All right. So, uh, anyway the user error on that one, um The uh, uh, now we have that copy here Okay, so uh, and it just copied where it came from Uh, basically, which was actually from that, uh, looks like from that crude oil or Yeah, or that other copy that we had Because I had the time and sales column in here. All right. Well, anyway, I just wanted to show that to you guys This is a great, uh, new leap for us Um, to have multiple, um, Instruments from the same data provider. It's always making a copy from where it came from Uh, well the cvd, um, tie why why it might be showing differently um, then, um The, uh, cvd on toss or thinkorswim Uh, yeah, there's different settings for it. Uh, maybe also a different reset Uh, whatever it might be. Let me show you. So if I right click on it here, uh, and I go to Uh, cumulative volume settings in here. First off, there's different ways to display it here with the zero line uh, and then, um There is a session range or chart range That might be the the difference. Okay, if I if I have it for session range It's for the cvd since when I opened it up for the session Okay, it's gonna it's always going to be a different reading always Uh, you know, even if uh, you're next to your buddy or you have the same computers open, um, Maybe you'll get the same if you open up cvd or that book map instrument at exactly the same moment Because it's always by minus cell over time, right? So the readings are going to be different Uh, what also makes a difference in here is by looking at session or chart range Right now if I zoom in here is still showing it for the entire session But it'll make the calculation here and you'll see it a distinction in the in the in the overall or the current market here The cvd from just the chart range in here Right, so that's how it works So it's up to you, uh, you know, how you want to how you want to display it in here Yeah, but yeah, it will always be different. Uh, it because once you open it up it it starts to Um, make the addition of by minus cell All right guys, let's take a quick look here and see what's going on Um, we got up to that 65 right that was our first little kind of target We did not look at this. Did we get the buyers a backup above? No Do we get sellers coming right back down? Yes All right, so let's see now. This is going to be kind of a critical little area This is going to be very, uh, uh touchy right here at 60 This is turning into a very very touchy area here if we can get more sellers down here at 60 We're going to come down to 50, um Or you know, it looks like it it'll likely come back down into Uh, what 56 or the recent or earlier it was 55 liquidity that we saw but now it's more down here at 50 Okay, so anyway, it's holding it's still holding here at 60 see that Okay, and we might we might get the enough of buyers up here and then and then still come back up to 72 and a half We might or here first one would be 70 All right, so just going through the different scenarios here All right, uh, one more quick swing over to tesla. Let's see what happened here Uh, yep 88 didn't we I think we talked about 88, right? We were talking about it up here around this 91 ish area Uh, maybe here. Maybe it was here Uh, and then uh, uh doug gave us some insight. So we're looking for that move down into 89 and then potentially 88 So I I really encourage you guys go to our discord go to um doug's Just go check it out. Uh, doug plus is um It's called options with doug room It's pretty amazing stuff Okay, I'm just gonna leave it at that Uh, also Pretty amazing stuff. Uh, we have a few different We've just added two new streamers, but before that we had tom b Uh, he's actually I'm kind of eating into his time right now Um, he is now streaming, uh at this moment Go you can go over there. It's also that one is on youtube, uh as well Uh, he's going over a volume profile in detail Okay order flow and volume profile So yeah, go to uh, uh tom's room if you want to continue on with the education You'll also see it on our youtube channel here. He is streaming now live Uh at this moment and then doug plus will be right after that Around, uh, 230 i'm sorry 130 east coast time 130 to 230 and then after that we have the algo boys, uh, that will be streaming live from 230 to 4 So we've got a back to back to back Live nice schedule for you guys Go check it out. Okay Yeah, if you guys if you like this video if you like this kind of education, please hit the like button there subscribe to the channel We're going to have more and more as we've just added a bunch more We've talked about adding a bunch more to our youtube channel And we can we want to do Some more as well. All right, so uh, for example with doug Maybe the algo boys. I I don't think we'll have them Uh be streaming on youtube though So you'll have to go to our discord channel for that All right, so anyway guys, I think I've answered your questions Uh, we just have some really really good content for you guys. It's it's really amazing stuff All right, so it's a it's a pleasure to offer these services for you guys And it's all free. Yeah, let's see here You'll come. Okay. Yeah, thank you and Let's see. I think we've got it all covered. So yeah Have a good weekend everybody. Enjoy Let's meet on monday and Like I said tom b right now Doug after that algo boys after that And then hit the like and subscribe button in here So that uh, you guys get updates on all this information that's coming out Okay, thanks for coming everybody. Have a great weekend. We will catch up to you on monday