 Good morning traders and welcome to the book map live trading trading webinar. This is Bruce at book map and So we do live analysis forward-looking analysis here Monday Tuesday and Friday 10 a.m. And live trading with stocks by J trader on Wednesday and Thursday Scott Balsini futures trader so Let's jump right in here We'll go through some disclosures very quickly and then take a look at this s&p and see exactly what's going on out there in the markets Our education is forward-looking We'll read the current market and give insight to where we think price is going to move next 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 the risk disclosure Trading futures Trading futures equities and digital currencies involve substantial risk of loss and it's not suitable for all investors Past performance is not necessarily indicative of future results. All right, so let's jump in here and Take a look and see what's going on in this s&p Lots of stuff to go through the In the bigger picture here But let's just take a quick look at the order flow right now Since you know, we have the volatility at the cash open here and you can see that very clearly Within the the volume dots over here. Okay, we're you know, everything has really changed and really picked up at this point so You know, you can see just a market kind of selling off here After some nice moves and then look at around here before eight o'clock test into high liquidity down here around this 42 35 ish 36 ish area here and a nice bounce right up into high liquidity up here at 4255 and it's really been choppy kind of sense It did break below this 36 into another area of high liquidity down here around 42 30 And then right back up again right back down again And then right back up again now it has broken out here of this area And this is an important area for right now This 42 55 area. This is where that high liquidity is And they trade it into here a few different times and have broken through that area and you can see and this just exemplifies and visualizes These concepts you hear about well, you know once once resistance is broken. It turns into support well This this is exactly why and this is something book map is so good at showing Because it's such simple data here But it's understanding the concepts of really how the market works here So you can see this move up into high liquidity. It transacts Big green dot right up into that liquidity Market sells off does not trade into this high liquidity down here comes back up trades through 4250 and there's still some liquidity up here a little bit above This 55 level it trades and there's still more buying pressure Okay, and now we are break. We're pulling back and bouncing Once twice and this is the third test here Where it broke out from? Now question is are we gonna get sellers in here? Do we get sellers in here that are willing more selling pressure to have this? Be a false breakout We're gonna look at that and we're gonna look for that scenario to unfold and what we're looking for down here is Big red dots sellers ready to move the market here. They go. Let's see if they follow through now Let's take a look at the order book. Okay. Well, they're still lined up here Here's our big red dots, but look what happened. Okay, so far They were unable to move price lower Well, how's that possible? Well, there's an iceberg here. Here's another iceberg look high liquidity at 55 and a half here There they are. They just got absorbed Okay, now we're getting our selling pressure through that area All right and starting to understand now. This might be a false breakdown here It's it's set up really nicely to be a false breakdown If we get buyers back up here at 56 watch out and we're gonna get move right back up to 60 or 62 up here Okay, so see how now there markets gauging this This is a really tricky moment right now and we don't have too much insight right now Buyers could have at this point here taking it higher And and there just wasn't enough buyers now. We're back down here. Are there enough sellers down here? Okay, we have we know there's some positions of larger players in here. Okay. Well, we're gonna take a look here Okay, now the market doesn't know either right we have different players different timeframes different you know Sizes of players in here Now we're getting a little more clarity looking pretty good to the downside here Okay, looking for 52 and 50 Okay, there's we already hit 52 quickly now we're looking for 50 All right, so we didn't have insight here until we got to here and here's why I'll go through this here now This this also might be a false breakdown. Okay, we're watching this. What if we get buyers back up above? Yeah, I'm still going with the downside into 50 here Reason being is I don't see enough buyers quite up here at this level. It's mostly sellers So still looking for the move lower here. All right, I'm gonna go over this quickly here But because I want to take a look at the higher time frame and what's going on But reading this and understanding concepts in here very simple concepts This will help you so much in in in all of your trading on all different timeframes And now we're gonna do this reading again and again forward-looking analysis here still looking for a 50 a trade here and We'll do it again and again and we'll do it on these smaller timeframes just so you get the idea or you can see it Unfold in real time Please go to our educational course. That's online to understand You know What these concepts are and then we can also look at higher time frame There's our move into 50 and there's still more selling pressure Okay, so let's see if there's still more sellers can take it lower. Maybe down to 45 here now the liquidity is down a little bit lower here around 48 All right, so that's what we're reading so far But this concept in here and what we're looking at in here, let's go through it quickly All right. Well, we didn't quite know we went through different scenarios in here of what might have unfolded and then we saw this move into Into here that we got our red dots Okay, but at this point here, we got our we got our sellers here, but it's like wait a minute now That's big selling and they're not able to drop price All right. What was happening here? There's an iceberg here and that's absorbing There's not much liquidity in here. Hey what what it is instead is this it's an iceberg It's about 200 contracts in here absorbed. We can put the on-chart iceberg in here Hold on a minute tops an icebergs on chart Okay There are 84 and I think I have this filtered now. That's this is on chart. I gotta open it up Okay, now that's all of them. Yeah, that doesn't doesn't look quite right. I have a filter on here well Yeah, anyway, I mean you can see the icebergs my point here is that I They're absorbing here and and price is not able to drop All right, it's running into this iceberg that's still in here and finally gets filled down here for 500 so And that's what unfolded here. Okay at this price level now. We didn't like I said, we didn't quite know Where price and you know, no one really knows where price is gonna go and until we have a better Understanding of the players involved at these at these levels. So if they're gonna absorb here Maybe we'll get buyers on the other side here. We didn't we got the break down Right and then we had potential up here We come back up here and retest here if there's buyers looking for a nice move higher not enough buyers Come back down here retest here not enough sellers down here Okay, so in general then we came back up here and retested here and look at the buying up here This is like exhaustion at this point and also at this point up here. There's not enough buyers No one's interested Okay, there's a little bit of buying that lifts the offer up into this area here around 57 and a quarter and that was it Once we start to see sellers come in here now, they've got something This is where we're looking for it And this is where we're looking for the move lower into 52 and then 50 All right now the reason being is because of market structure the buyers and sellers and also the liquidity in here in this relationship So we had our sellers in here buyers could have taken it here. We didn't know come back down. All right. Well, you know I don't really see much happening here at this level here Buyers come back in try to reach higher. They couldn't they exhaust out. They make a lower high here And then we come down we start to see some selling pressure This is where the sellers can take it. Okay more likely at this point They can take control of this market and we be looking for that to unfold and they did And we look for that to happen again and again and again down to 50 And then what has happened here? We're looking for 48 That already unfolded as well and then you can see now it's a battle. We're back to the battleground here Look at buyers here taking control above This 50 50 level or 52 level here Okay And then sellers down below. So this is again like a battle that's happening right now We don't have too much insight at the moment, but this was we were looking for this to unfold. Anyway Yeah, please take a look again and again for these patterns in here This gives you an edge in order flow Okay, understanding the players involved in here and the potential moves and where the moves might go Because they're going to test the liquidity they're going to trade to where they're they can find buyers In the in the order book and they're down here at this 52 and and lower here 50 All right. So anyway, we'll go over it again and again. So Let me see if there's any questions so far Can we take a look at Amazon? Oh, it's down 356. Okay. I'm not sure if I have Amazon up or not I don't think so, but we can jump over guys another thing to like we're gonna have another trivia night tonight so I'll put this into the chat now. This is only in discord It'll be in our events Room okay the events voice channel and also in the text channel there and You guys are familiar with it. Maybe We did it a couple weeks ago And there are prizes or one prize So you get a gift certificate for a hundred bucks to the book map marketplace for whatever you want. All right, so Anyway, I wanted to mention that and Hey, maybe some of the things we're covering in here right now today are gonna be in the trivia Event so yeah, it'll be at 430 East Coast time MC local so thank you for that and yeah, I can even I have the image here hold on And I'll put this into the chat for you guys There you go. Okay, and For you guys on YouTube here. We go as well This is the the trivia night 430. I'll tweet it out and and and you'll find it in the events room. Okay? All right, so anyway, there was a quick move quick read of the order flow here now. This has been a false breakout Okay, came back up. We're looking for it around here. We got some insight We're looking for the move lower that has already unfolded and the question is though. Can it's what's gonna happen now? Okay, we'll look at the bid down here seems to be You know interest here to buy at these price levels, which is higher Okay, and we're starting to find aggressive buyers. All right. Well, where are they going? Well look for 60 Okay, looking for 60 now. We're back to or this important kind of pivot level here around Well just above 52 or 55 This level here. We already mentioned this is an important level for today Okay, or this at this time frame here. Are we above it or are we below it? And that we want to understand the order flow now Here's what the order flow is telling us. No, we're they they could not take it above. All right sellers now taking it down Let's see them take it down to 40 Okay, this is this is a pretty easy read as well Okay, they're that appetite in here or that the demand is kind of diminished and we're seeing massive selling coming in So looking for them to drop it down to 40. Hey, maybe 30 And that would be below the cash open here at 930. So this is a great target here at 30 Okay now For this whole range since the cash open you can see we're even trading through a high volume node here Likely we're gonna get a bounce in here Likely right here where we are currently we're gonna get a bounce Why do you guys think we're gonna get a bounce here? Hey, yeah, I just mentioned one is is the the high volume profile, but Or high volume node in here, but there's something more here. What do you guys think? It has to be about the answer is about who's in control in certain areas a bounce at liquidity No, no Resting liquidity. No short covering. No High volume node is techie girl, but it's a part of it, but like we're already through it though Alec all right, so where do buyers take control Alec that's kind of the answer I was looking for But Where did they take control and and what time? Yeah, right right right in here. So we didn't get that bounce. Okay, but I would be looking for it There's there's a host of things in here to look for a bounce in here We're looking for the move down into 40 the selling came in like it This was an easy read. Hey, we even mentioned it before unfolded. Okay. I mean, that's what we do in the room It's not a trade calling room. We don't it's not a recommendation It's forward-looking analysis foresight here by reading the order flow and most likely areas To for for a price to to trade to or test and we said 30. Okay, and we're just about to hit 30 so Anyway, very strong selling here moving price away from this whole value area, but that's a whole nother subject What's important here is or Why where there was a possibility for a bounce in here? There's a number of reasons here But this is where the buyers came in and and really see see how they came in and move price higher and Well, you know, this is very similar to I know that you know a lot of you guys Are very popular trading strategy is volume profile or using volume profile and market profile Stadelmeyer has also he came back and kind of Edited or revisited volume profile and this is one of the reasons why He talked about it as these volume strips. Well, here it is Okay, strong consistent buying Moving price away This is where that initiated and started down here Okay, so even in fact really the breakout was right around here All right, so we're looking for price strong selling high liquidity here at 40 Also, you know some high volume nodes here. It's a little bit higher 42 and a half So we have some reasons why there might be some profit taking why you might find buyers supporting it here again And then for a move back up and retest maybe back up to here as a pullback It didn't unfold There just wasn't there wasn't any interest here. We don't see those buyers. They don't come in In fact, they don't even they get slightly above this Transaction here. I mean, this is really pretty bearish here They get slightly above it here. That's it though. And then the sellers come in Back and forth back and forth sellers come in move it lower looking for 30 So, yeah anyway This is another reason And then you will have to kind of figure out and and and come up with your own trading plan for this is To understand like when you want to take profits or or if you're looking for a counter trade back up here And if you're looking for a pullback You didn't get any pullback here This is this happens very frequently in here in in the markets You know, we're all looking for that pullback. Oh, it'd be great. I'll just wait for it to come back here I'll get in and it just the market has taken off without you so You know, you'll have to kind of figure out a way to If you're a pullback trader, well, then you missed this Okay, and this was a pretty easy move to catch Okay, based on just the order flow in here at least, you know, we thought so we thought so we we saw the You know that the test up here it failed The selling coming marching in here looking for this move down to 40. Okay, then 30 so the But a bounce in here is is definitely in the cards Doesn't doesn't even happen. Hey, you know, so Going through and understanding this scenario in here is important for your for your trading plan because You know it now it might come back up and revisit this later in the session or something whatever but the move is here and now and You know a lot of times there'll be low volume nodes down in these areas in here and you oh, yeah It's gonna bounce or whatever. It just runs you right over Just be aware of how to manage your trade when this kind of scenario unfolds Okay, if it's a trade management or if it's entry or exit All right, because you're kicking yourself missing a pretty easy move and Anyway, so go revisit your trading plan and and figure out ways that how you might consider to capture Some of these moves in here via the order flow All right Overnight low is 42 30. Okay. Yep. Thank you Leo trader Yeah, well, there you go. I mean it was not only the the cash You know open here the overnight low as well. So I mean there you go And and that and Leo's looking at these even well I don't know what you think Leo if overnight low is I mean since it was the same here basically overnight low and cash It's it's the same is equally important, but I I would imagine that you probably find the Probably goes back and forth, but I'm curious to see what you think What do you think? I know it's just a stat. I know I'm curious though What you find might hold better an overnight low or the cash low or where you get more reaction Okay, and we're talking about in the first, you know hour and a half or so a trading That's a really interesting kind of a stat to answer or to get data on because You know the overnight low. I mean, there's there's not a whole lot of volume For that whole overnight and then that cash session low though. It's a lot of volume, but it's it's just been recent activity Tough call. Yeah Okay Let me jump back to YouTube see how everything's going over there All right, KG looking at a trend line Any questions youtubers? Let me know and Alan want to look at Amazon So let's take a quick look or at least get some data here for Amazon Okay, and Wow a lot of icebergs over here just getting filled just at this at Leo's overnight low here All right, so interesting stuff happening here. All right guys Well, anyway, we've gone through a few different trades already. This is because of Amazon the Already went through a few trades in here but I We saw some good stuff. So I wanted to cover it and a couple of easy reads or some very difficult read or Wasn't really a read it was it was like well We didn't know and then we saw then we knew and we're looking for the a couple of moves to unfold here now What I want to cover though is the Higher time frame here some really interesting stuff in here. All right, we talked about this Beginning of the week we talked about this level down here. We had drawn these up In the either the beginning of the week or last week or like, you know several weeks ago This this this area in here and a potential move into it and then you can see what happened in here on the daily chart Okay, we get a move into it and a bounce out of it here Okay, it came all the way back up and retested this area in here and this 43-4300 is that right? Yeah so You know some really choppy stuff in here Here's the hour chart here in the middle and you can see as well like some of these moves in here and You know so here's today's action here and and you can see the Well opened up here kind of almost filled the gap basically And then look at the sellers come and move this lower here now Okay, so now can they move it down into this area here guys on your higher time frame Where's your high volume node? Okay on this hour hourly chart in here is probably around in here somewhere probably around 4200 I imagine This is also a nice target for these sellers to reach that area here Okay, now what else do we see that that's another another good reason why we that we can see We see pretty good momentum here on the cell side on this hourly chart Why why is another good reason? That that we can trade back down and test into this area here, but it's kind of similar to the Previous question the answer is basically the same It's where buyers to control exactly. I'm so bad Exactly and look at it here. I mean like look how visual this is here Look at look at right here. Now. This is at 42 12 Okay, or 42 10 that was an important area that we drew up on our charts several times as well and I Deleted that line. I think we had one at 15 or Some somewhere. I think it was around here 12 and a half 13. I don't know something something like that And you know look where buyers took control here. They took command of this market here Look where sellers are going to test that area here now We're already kind of looking for maybe a bit of profit taking here around 20 Bouncing off of this area here. This is going to be your low volume node Okay, you don't have to have volume profile to understand that you just know There's a cluster here and there's very little volume in here All right, so maybe a bounce off of that But momentum is pretty strong here, so I'd still be looking for a move lower into some of these areas here and Yeah, somewhere around this 10 level But also 4200 or 05 and then here's here's 41 4200 here just below this swing down here All right, so these are sub potential areas now on the candlestick chart. We don't know Where the liquidity is where the buyers are lined up Where is their demand in here? Okay, so You know, that's when we go to bookmap to check it out. Okay to to understand Really what's behind all of this here in the candlesticks? Okay, it's really what the candlesticks aren't showing us what they're hiding Let's see Leo Today's session one-time framing lower on 30 minute cleaning up yesterday's poor TPO structure. Yeah, okay So yeah, Leo is a pretty pretty serious Market and volume profile trader. So, you know, he's looking at these TPO's where there's opportunities Where price might go to check and test an area where it did not auction properly Uh Let me I'm gonna cover that concept in here in the order flow and auctioning properly or not properly It's it's a You know, it sounds really kind of high-fluent fluent And it's not it's this is these concepts are so simple It it doesn't it doesn't take much to understand these things It's this is not rocket science at all and even you know saying auction market theory sounds kind of heavy and Like there's you know, it's very complex. It's not it's really simple It's like just going to the farmers market buying potatoes and The same idea here. All right, so let's go let's cover and this this idea and this concept of like I'm retesting Into TPO's or or low volume nodes or filling in an area where it didn't auction properly Boy, you'll see scalpers take advantage of this day and day and day or a moment in minute in minute in minute again so Let's see here, I guess Probably, you know, it might be easiest to show in crypto to be honest because In crypto Yeah, okay, so here's a book sweep here. All right, and we know this is likely a stop run as well Hey, we see a lot of selling coming in nothing but selling here nothing but This is a vacuum in here now This is where that selling initiated up here We can go to the S&P and look at it as well I just want to look for a very clear example and this isn't bad And now we're looking for it and it trades into and actually through this high liquidity here at 39,000 Okay, now it's a vacuum in a sense though because here Sellers came in and and move this all lower a lot of times. I mean you can see in crypto here The best offer filled in pretty pretty quickly Hey, but a lot of times though, you'll see the best offer still hanging out up here at at 39,040 And That's that's the spread Basically, it hasn't caught up yet or no one's willing to offer lower so That's that's the vacuum effect here and all it can take is very few contracts to pull back to this area here All right, and and and fill that in Okay, and that is what Leo is talking about here about Not filling or not auctioning into this area here. It is not properly auctioned in here it Its price has been has moved away very very quickly And this is kind of a vacuum now and and and you can you can see it in the in the volume columns Okay, the volume columns captured this beautifully All right, so that's how you get these low volume nodes or like these really weird little areas in your Your profile you see lots of trading and then like very scant little areas of trading and then lots of trading again Okay, that is filling You know price comes back to fill in and test those areas and auction into those areas That is the concept here and this is an example on a very low time frame That's actually how you get and this relates to it, you know Stick with it stick with it Techie girl, you know the answer that is how you get your low volume pullbacks okay, it Fills in or just retest this area here and does it find demand does it find or does it find buying pressure? Okay, or does it exhaust out? Yeah, I mean you'll see it. This isn't really the best example. It's not bad. It's not bad at all But like I mean you'll see it sometimes so clearly. It's just like it's like a poster child for it And understanding these concepts though Once you understand these concepts like I keep mentioning The market is yours. I mean, you know Now you you don't have to follow and and read a book for well I only trade this or that you can come in and just say well, I like this concept. I Understand this concept. I'm gonna go study it now and I'm gonna look for that And I know what it looks like And then I'm looking for you know sellers Here to move it back down again after it comes back in and retest this area. I'm looking for exhaustion up here Okay, and you know, they pushed it a couple times and and took it back up above here It's still low volume. Most of the volume is here. Now. We also know we've covered this here This opens the door here Also for buyers up above it even on a low volume pullback All right, so that's where the trap is though and have to be aware of those things In these concepts. All right, so Let's see here Let's see Leo showed an image here. So let's share that All right, so what? Yeah Boy Leo, I'm having a hard time here 42. Here's 40. Here's 30 You're looking forward to auction back into this area. I believe is that correct? Yeah, right in here probably and not sure what this profile is here. I love it I mean, this is such a you know, a lot of a lot of traders don't look at the at the market profile they're looking at volume profile and You know, I like it now we're talking about time and acceptance here in market profile, you know instead of volume You're looking at something. It's different. You're not talking about the the number of transactions You're talking about time and acceptance in levels And it building out a profile So that's why you'll see like, you know futures trader 71 and others they'll have both up, you know, they're looking at both and Anyway, there's some kind of purity or beauty to these market profile charts that I really like Anyway Yeah, let me know Leo if there's anything else you want me to go over on that But so I got the image there alright so Let's uh, let's go back to this S&P and see what's going on in here and Where did we head to? Oh God So I run at the mouth and we miss these these these wonderful moves. Um, well, we were looking for 30 and then we were You know, we know that there's sellers moving it away here, but 30 was a pretty key level here due to the The volume and and the and the structure here and we can see that even down here We didn't get much of a pullback at all On that buy side. In fact, they just pulled back to this little structural area here And then and then this is where the buyers came or sellers came in again and again and again Now it's still possible in these areas here You know, I mean, this is why we we talk about not only where the volume is trading but also market market structure Okay, so here's why the volume is trading here And the transactions are happening here If we can get back up here and get those buyers back up above here or especially up here around 30 again then this is This is all trap volume or and we'll see the stop runs probably back up into about 32 or higher All right, so Nonetheless, here's what unfolded we get the the clusters down here. We typically we get lots of stop runs down here we didn't on this one we come back down again and Not a whole lot happening in here some kind of weird price action and it was really sellers down here Okay, it was really kind of nebulous in here at this swing low here and on this small time frame But the sellers come in again and again and again hitting into high liquidity hitting into high liquidity Even through this liquidity here at 16 on down. Okay, so that leaves us up to current price And then look at this here Look at the buyers back up above it All right, let's see if the buyers can reach 42 20 Okay, so just just back up into here. All right, and if we If we see the sellers come back back down below this level here at 15 and we see selling We're looking for it to come back down to 11 and 10 Look at the selling down here Not a whole lot and they didn't tend they did not trade into 10 Okay, so we're watching and understanding Assessing this auction here. Okay. Here come our sellers now. Let's see if they can move it now No, or are they gonna just get they're gonna get trapped and we're gonna watch this closely Okay, now they have the potential for being trapped right now Okay, see the see the buyers come back in Okay, but they're not they're not enough. There we go. All right So looking for sellers to now try to take this away from this area back down to 10 42 10 Okay, Leo. Okay, so you got some single prints to clean up See the chart above. Yeah, no, we just took a look at it, Leo I don't know if you stepped away for a moment. Thanks for posting Okay, just shy of 10 back down to the low here Okay, still looking for 10 you did step away. I know I was asking questions about it like What what you were looking for and I'll just go over it again quickly here So we can we can review it. There's our 10 guys. Okay, so anyway, I Don't know how you guys feel about it your trade management on these things. We haven't looked at the higher time frame here Let's just jump back quickly. Okay. This is kind of a critical area here. Okay. We're testing into these areas here Okay You know, I would take some profit Okay, that would be me though Right, I would do that. You will have to assess this All right, there's I mean, that's another five-point move from here on down Okay, or let's say four and a half or four, you know from here on down Okay. Anyway The Let's go over Leo's image before he walks away Again so This is what we were we were Talking about Leo you you're looking for it to fill in some areas here. I believe it was I imagine is this this area in here Because this is where we don't see, you know, we have a couple of prints in here Right in here especially but that's it and that's definitely the lowest on the on the chart here Okay, so it's down here now at 10. So it's testing this high volume note or this POC from previously here I don't know what profile this is in here, but I guess these are days each is the day here I'm not sure Okay Yeah, so anyway that I imagine that's what you're looking at and then and then just to fill in. I mean That's it, right to auction here Due to that vacuum we talked about and then the market kind of determines and assesses like what's going on at this level here All right. Well, we found more sellers willing to take it lower. They took it down to this level here Which is very clean and in an easy to read here, which is our 4210 Now so and we know there's liquidity there. So now if you line up and you're trading market profile Then this area here is not a bad area to target and to Take some profit Okay, maybe look for order for flow reversal to trade back up and re auction back up in here, maybe Okay, so there's some concepts in here. These are potential trading plans and What we want to understand this is the bigger picture here But when we're talking about what the order flow looks like for it to trade maybe back into certain areas All right. Anyway Let's continue on Yeah, and see I mean the markets kind of go in sideways here now. We still have a downside bias here We're just we're not making higher highs. We're not making equal highs We're making lower highs and there we go, you know, so we still have a bias here And but we're watching this here and getting kind of understanding of how this market is See how it's starting to kind of flatten out or not flatten out but Show it with lines here. Okay. We have a line here. No now it's here No, now it's here. No now it's here, right? Or you can draw your trend line here or you can draw your channel here Okay, but now the question is in the order flow. Okay, the price structure starting to do that. That's good But what about the volume? Well, I don't see a whole lot of volume trading up here. It's not bad. It's getting better at least but it's not a whole lot Okay, look at the buyer's try here, but Completely just stomped on by the sellers and then there's still more selling at lower lows Okay, so, you know Although things are starting to kind of flatten out. I'm not we're not seeing much on the buy side Okay, and we need that that's what's going to lift it back up into these areas And then see more buyers at higher highs and we'll make higher lows and see less sellers there And let's see if we get a quick move here on the buy side We're back up at the top of this little small range in here. So let's read the order flow here Okay Looking for the bid to light up here and the reaction to that bid. Okay, and this was scenario one which is the most not likely and most unlikely Is scenario one and that's a you know potential reversal here? Okay, because we're not seeing it But we're looking for it. Okay, if we get more sellers in here, we're just looking for lower lows right and and And and that's that looking for exhaustion here and And more selling down here Into high-liquid watch them see if they pull here on the on the bid and price can move lower easier All right, so those that's scenario actually number one and most likely Okay, because we just don't see the buyers yet right now scenario number two is What if we can Capture a lot of sellers at this low here and then see buyers up here Okay, a lot of buying And well these sellers in here are gonna have to be buyers up here Or up here at 20 All right, so That's that's why we're we're going through these scenarios and looking for it and we don't see it yet And so the most likely one is the one that that we said scenario number one and that's playing out But we're watching we're waiting We're seeing if the order flow matches scenario number two if it does then it's more likely for that move to unfold And then we got a gauge like how it's trading in these areas here Okay, so if we come up here and we see a lot of buyers up here And we see some up here previously so it can auction up here. We know that But here's our exhaustion and the sellers come in and just pound on it just into this liquidity here at 08 That's it Okay, so let's take a look here. All right, we have that potential Let's see if we if we get it here if we get some buyers here At nine nine and a half in this smaller range we can come up to the bigger range. Okay to 10 or 11 Yeah, let's see if they can do it There they go Okay, now let's see if we get more up here right right here at 11 and then we're looking for 13 And we want to see it pull away quickly here Okay, and trap God, I hate to say trap but like we're looking for a quick move here and there it is There it is. Okay, we're up at 13 now They pulled that liquidity here at 13s. Well, they're not quite at 13 yet, but pretty close Okay, now we're coming back and filling in that area here Okay, because it didn't quite auction in here. You can see it in here. All right retest it and Do we get more buyers in here not yet? Okay, where did it where did it come back and retest now guys on In this little area here and and now we're through it too Okay, so now what what area is most likely gonna gonna go guys? Can you hear me in here? I'm I talking to myself Would love to get your feedback in here and Alan I'm so bad MC loco Techie girl Love all you guys Let's get some others in here I mean guys it be and be wrong. It just get something out. We'll go over it. You're waiting for Amazon Alan Um, that's fine, but we want to learn. That's what we want Okay Well, we were I was alluding to like this going lower here Into you know, oh six and oh five and liquidity down here. Oh four Here's why and how many this this move here is no different than what we saw just earlier around 4255 No different okay, the buyers came in and We were looking for that scenario here scenario number one was to the downside Scenario number two was if we got our buyers in here covered in real time And we're looking for the move back up into about 13 Okay, and it even it did auction at 13 only three trap transactions up here. My god poor poor guy Trapped up here with just is three buying the breakout. I I shouldn't laugh. Um, anyway the So here's here's that move. Okay. Now. We're looking for a low volume pullback to here Okay, fill that fill that vacuum back in And then we're looking for potential more buyers exhaustion here and Buyers to come in we still have one more Oh There we go now it's lighten up. Thank you guys appreciate it appreciate it very much. Um, so what? Excellent excellent So yeah, so now at this point here, we can still go into the high volume node and bounce off at o9 Okay, but that's the last kind of call here Okay, so bounce off of here usually if it's gonna be a trap and then we're looking for that quick move which which unfolded here But there's no follow-through on it. We'd have we'd be looking for a low volume node and then and then a leg to And continuation not not a leg to back up to the high But continuation and that would be a reversal Here all we did was get this and then not enough by buyers aren't supporting it anymore And then we come back down to low volume note or high volume note here of this range which is Here okay and We we get more sellers here and They're taking it back down to the bottom of the range and we get more sellers down here So based on this structure, we're looking for it to go lower or not just structure volume And order flow in here Now there that you know, there's not there's the buyers are done for here at this point now We're looking for sellers And and likely move is lower at that point and the likely target is liquidity here at six five and four Okay. All right now now look at the buyers come back in okay, so here and As well same ideas same concepts here. We'd be looking for the support here This is the pivot line here Okay, you're you're under over at ten Okay, they went through it. They were up above it now. They're back below it point of control and through it Here is our pivot down here, and this is this is where all the sellers are trapped Same idea same concept here Sellers here below at 08 Okay, oh, yeah 08 and then buyers above it here okay now Here this is looking better We we even broke this swing. We did get a leg up here now Okay, and we're looking for buyers to support it here at 08 and a half or so Okay selling selling pressure is still pretty strong in here lots of buyers did come in we got our stop run at the top here And then sellers coming in All right, not enough selling pressure to even reach down here yet Okay, so let's see if we get more Buyers back up above even we can even look at this and The fractal nature here and and again like fractals guys Kind of these you know technical terms and and math mathematical terms We're gonna kind of debunk not debunk it But we're gonna just look at it visually here and understand it in terms of order flow because it's it's it's not difficult and What's behind this is is pretty straightforward and common sensical Buyers above look at the sellers below Okay, we can start to draw up these structural areas here Okay, it's even even down here. This is the same thing buyers above it. We'd looking for sellers below it Okay, so we're getting our buyers here. They're coming back up here Sellers fill it in Okay, now we get buyers back up here again Okay, now I want to see these guys pull here. They're on the bid here. That's good, but what's the reaction to it? Well, nothing yet. Okay here. We got a little bit of buying alright buyers. Let's see you take up this guy on at 15 Can you do it? No Sellers take this guy on here at 12 12 and a quarter Okay, now can they take it through this point of control not yet? Now point of control of This little area in here is here Okay at ten and a half Okay, do we get sellers down at there at ten and a half? Nope Okay buyers. Let's see you try to lift it right back up here 14 15 They're trying They're trying they're trying and now where where with where could they fail though to? Okay, there's 14 Now trade it into 14 and has bounced since not enough to take on 14 and trade to 15 Not yet Okay, let's see if they can do it See them starting to pull a little bit at 14 as well There they go. There's 14. Now. Let's see if they can hit 15 now Trying It's this is a hard call. There's there's buying and selling in here. There they go see the sellers come in You know, so when you see that and you don't know and it doesn't really tip its hand stay out Don't get involved. Let them battle it out. Let them test areas Let them throw high liquidity in here and see what the reaction is Okay, now, let's see if we can get back down here around 11 and a quarter and see some selling here Okay, and our we know our our high volume node is here at ten and a ten and a half Okay, let's see you sellers trade it down to there Okay, just just to there now you see see how you can look at at some of this selling in here And you can start to put together in your plan. All right Well, if I start to see sellers in here now, I'm kind of a mean reversion trader I'm looking for it to trade back to an area of average of Average pricing it could be VWAP. It could be your your high volume node or maybe it's something else you know Whatever now look sellers are down below it now, okay So now we're down below it here and we're seeing sellers here. Let's see if they can test it retest it back down here To oh eight There's a lot of selling in here Yeah, I don't I don't think it's Again, like there's not a whole lot of clarity in here except that the selling is pretty nice in here And it started up here at 12 Okay, here we go. All right, let me jump back to questions not that one Hold on Okay YouTube guys, um, oh you're welcome alpha Yeah, we can go over a CBD in in here as well. What do I mean Vince by low volume node? Okay, thank you knick-knack good to see you in here again And I'll go over low volume node is very very simple And it's more that's you know talking about volume profile Carlos you want to learn how to read stops and icebergs? Sure. No no problem. How how they measured how to interpret them Yeah, we can put that into here as well. So guys now we're through we went through that oh eight Right, and there's still more selling pressure Let's see them try to drop it into our oh four or five now to continuation now look at the selling pressure Understand the selling pressure here 4200 the figures down below here as well Let's put our v-wap on here. I know a lot of you guys like to look at the v-wap I do too. I like it because I I like it very much because it's one line Everyone's looking at the same line And we know a lot of institutions that you know above or below v-wap is really important to them So you'll see these mean reversion type of trades back to v or I should say just back to v-wap And point of control. Let's put our point of control on here as well It's way up here Right, and you'll see it and they're just You know, I mentioned this in the last few weeks how relentless those traders are Because they're there to make their money And they have they do have a lot of buying power Uh, and they'll make sure that they can get it back there And when you see that you can jump on board and and ride with them So you're like right now all that selling pressure and that look into o5. Well, we're finding pretty equal buying pressure now after after this Okay after that selling pressure now sellers Pretty good selling from about here onwards already retested here Okay, and about to be retested again by buyers here Okay Now if the buyers can and we see big green dot up here We're looking for that the high of the range here at Well, it's at 14 at 14 and then maybe Our uh, our 15 and three quarters up here. Okay, see to see the buying pressure now. All right. Let's see them lift it up into 14 Okay, now let's let's take take a step back and take a look at this here All right, look how we made an equal low here We talked about this kind of coming down and flattening out and now the potential reversal Now we've got a whole lot of things lined up here For this potential reversal Okay, so looking for 20 looking for these buyers to take it up to 20 on this time frame here this higher time frame Okay, now let's just take a step back because we might get this move to our v-wap now Okay, or even point point of control up here All right, here's why Hey, uh Leonard helped us out Hey, he showed us this higher time frame Uh market profile We had a high volume node here He was just looking for it at that time when he took the snapshot For it to trade and kind of fill these areas in here and test and auction into these areas Well, it did but it traded through it back down into this kind of 10 level All right, and and then now we're getting a bounce Okay, or we're seeing the order flow kind of Definitely the Downward movement has slowed And we're looking for a potential reversal here. Okay, so we have reasons though Based on higher time frame analysis And we also talked about it in here and our candlesticks And that that um Market profile chart guys, you know, here it is here too. I mean you don't have to be Just to understand the concept and then you don't necessarily have to look at that chart now um leo's looking at like, uh Areas of of for the market to fill in and auction into those areas that you will not see here But you can see that there's a cluster of volume or transactions here And you can see the quick move away Okay, well, we're looking for the move back down into here and the potential for a bounce here due to What Due to what? What was it in here? Why would we assume that would be at least profit taking down here? Yeah, it was it's these buyers here Then that's where that that's where that buying all all took place and moved to the upside Exactly. I'm so bad. Yep. Good stuff guys Uh, how do you know a Alec if you know if it's here? It's kind of like a low volume node, um, or I'm sorry a low volume pullback. How do you know if it's profit taking or not? Uh, or initiated buying well, you know, um It it's by the strength and the volume You'll you'll see it even in your candlestick charts, um on pullbacks Uh, it's pretty it's pretty straightforward. Um, so for example, um These countertrend moves a lot of times I mean here we didn't really see much, but you know, maybe this is some some buyers taking some profit or sellers taking some profits You know, I mean these kind of smaller moves and they there's just not much behind them um I mean here we have the you know, maybe maybe some people getting stopped out There's some some stops here However, um The the move here. I mean it could be some initiated buying here that just got crushed You know just just uh Not enough here, um They lost their bullets Sellers came in and and really crushed them here Okay, so Yeah, when you when you start to see the initiated, um Bying it it looks like this here All right And we're looking for them to move it away from an area here Now they they were able to move it outside the range here. We almost got up to 20 We were looking on on this time frame. We were looking for 20. We didn't get there Okay, we came back and we're retesting here the high volume node here Okay, and and we don't know yet It's not it's not clear right now. I mean there's a lot of selling down here Let's see though if we I'd be looking for this scenario here is a buyers backup above this 12 and a half here A lot of sellers here a lot of sellers not able to to to break price lower though. Here they go again Boy to me it looks like sellers are going to do it. Uh back down to 05 Uh or 0402 back down to the figure here Looks like it to me. I mean in the order flow. That's what we see right now Yeah, I mean that's a lot of selling pressure in here. There's some icebergs here, but looking for sellers to drop it All right, we've got to go over the opposite scenario because it could unfold and it may here Uh, and this is how it unfolds Buying cluster down here or a selling cluster down here Buying cluster back up above it and move to the top of the range And we'll see if there's more buyers up here. All right, so let's take a look here So if we get our sellers back down here around 08 and a quarter here, they are All right, they've got it now if they want it. We just need to see them pick it up here Let's see. Let's look at the order book There they go. All right, so sellers should be able to take this lower And we'd be targeting 05 04 and then 4200 here and there's 04 Boy, that's a lot of selling Guys, I'm sorry. I asked for some questions. So let me let me kind of go back here. Um, and you came came in and uh With all sorts of great great answers here, um Yep, Igor price going to liquidity. Excellent Leo trader. I got to use Tom B's. Are you checking with me? Yeah, guys if I imagine most of you guys are are well aware of the Tom B over In his traders lab room Really excellent stuff And the way that he's looking at volume profile and mixing order flow together So it's after these webinars. So likely in another about, you know, 20 minutes or so So I jump over there uh, definitely and uh, uh, you know, check out the, uh The analysis there. It's uh, it's excellent. I love it Love it techie girl. Um, you're you're on it. Definitely All right. Well, look at look at this surprise here. Okay. It this is a surprise They kind of came out of the blue here And see how they upended though and moving away from these guys here these sellers in here Okay, again, this is I mean the same old moves. Um, you know And this is just how the market works Okay, and potential trap and potential stops not many stops hit A lot of icebergs in there too They they they moved up and retested this area up here Our 13 level which we were looking at We were looking at that way over way over here Yeah way over here when we were looking for that bump Uh, look at this point of control just moved down Okay, this kind of shifts everything as well Potentially especially anyone who's trading back to point of control, right? So let's see now if If these guys mean business or not I mean, they're trying they they keep, you know mounting these attacks and it just doesn't work out These buyers here and they're bidding up under here, but Let's see if they mean business And not getting much right now Trappidity, let's see a sell order or buy order Uh, that that was in your image there. That is a limit sell. Okay. It's above above price Okay, it has not been filled. It's in the order book though That's what it is Okay, is someone saying like I will be a seller here on the offer at this price range if you want to trade with me I am up here at 42 14 Okay with high liquidity and likely one player is holding the majority because there was nothing there before and all of a sudden It popped in and it's high liquidity And that's how you can read this Yes, it's because it's above current price Well profit taking would be would be an exit. Um, uh, Alec Oh, since you guys are in here, uh, just just mentioned something Hey, yeah, um, I think you probably saw the uh in the general chat Uh, if you got an email from me, but uh, or a post from me Uh, make make sure that it, you know, it's bruce capital B at book map capital B Uh, and then look at the number two, uh, the number matters. Uh, the hashtag and the number behind it Okay, it, um, I think it's What is mine is 39 93 or something something like that Hold on a minute And uh, yeah, so just make sure because you know people are soliciting and and you know Hacking uh, sometimes I just don't get a discord. Anyway, uh, yeah, just please verify that. Uh, that's important. Um so All right, I think I've gotten up caught up with everybody here in discord Alan Yeah, let's take a look at let's take a look at your um, yeah, yeah 39 93 93. That's what it is. Thank you mix toxter um Excellent. All right All right, guys. Well, let's we'll we'll kind of sign off here on this Just this s and p for the moment But look at this though bouncing off of point of control and now we're starting to find buyers up here at 13 Okay, so, you know, this has been really kind of choppy in this little area here Uh, and but boy, I mean we have all sorts of reasons for Looking for actually either direction here. Um I'm kind of leaning to the uh, uh to the upside back to, um, uh, this and I'm pulling for them I'm not really seeing them yet. So it's not confirmed But point of control has moved down here to 10 And I just know we just know that this area in here We're looking for some sort of bounce down here on this 15 and on this hour chart Uh, it this is a tough call and you know to be counter trend here because this is a big red Hourly candle and we're just seeing just kind of uh right now. It just kind of going back and forth Uh on the next hour here so Yeah, it's it's kind of a wishful thinking to think maybe we come back up in into this kind of uh, 42 29 or 30 area up here Uh, this this line that we've been looking at for a long time in here all week We've been looking at this line here. Uh, and it was important. Uh, but uh, yeah, maybe a pull back into those areas um Boy by looking at you know the momentum here in the daily and the hourly You know, I I'd go with that and and look for the move, you know, probably back down into 4200 and below Maybe down here to 4180 or so Uh, but uh, let's um That would be the most likely on the higher time frame We're watching this here Uh in the order flow and we're seeing this kind of Slow down Move to the uh to the downside Kind of flattening out now It did make a higher high but it also made a higher low or lower low here on some pretty strong volume but That could be the trap. It also could be the the kind of the Of the reverse head and potential reverse head and shoulders here This would be the head and this is exactly why these patterns exist Right, so let's see. Do we get enough buyers here? Yeah, we are they're pulling here at 14 great buyers We'll be looking for the move higher up into 15 Maybe up into 18 or 20. We look for 20 before and didn't didn't come to it Okay, looking for them now now. There's buyers at 14. Here they come Okay, and still looking for them to try to pull Move pretty quickly here up up to uh to 18 and into 20 Right, they got to pull away from this area here And they have the potential here. They really do they've been they were seeing the buying pressure Uh, and let's see if they can really push it here now McStockster, you got something you're looking at All right, let's take a look Uh, the upward choppy iceberg line. I mean the icebergs that I'm seeing here is just like, um, Yeah, they're they're just kind of buying over time. Uh, basically Um Not really sure what to think of it. Um, you know Maybe this is just kind of like, you know, them taking profits down and down in these areas here buying back Um, I'm not really sure but it doesn't seem to be like, you know, huge positions here Maybe a little bit in here at the at the very bottom in here, which coincides nicely with that stop run here Okay, so here we go guys Let's see if we get our buyers again and then the stream up here pull away We want to see them pull away from this area. There they go Okay, uh on We're getting there. We're still looking for more though. Okay 18 and then 20 It is 12,500 icebergs. That's what I have right now since start of the session but And that's that's a lot and uh, you know, it really kind of started You know from way up here. So if we kind of uh Look at it from here onwards basically is what we're kind of looking at here So maybe here around 5400 up to up to You know So about 7,000 I guess it's not bad It's not bad in this area 7,000 buy icebergs All right, guys. Well, you can see like this is where it kind of went to like higher time frame Let's just take a quick step back kind of struggling up here We're looking for it to break and make a higher high here Uh, it's uh, we see some selling pressure come in A little bit of a battle here I'd uh, here come the buyers right back again. Let's see if they can do it now Let's see it Still looking for it. Here they go. Let's see if they can move it back up to 15 If we if we can move it back up to 15 and get our buying pressure here We should get the move okay more likely to get the move into 17 18 and 20 here And you can see what's happening sellers are coming in Okay, they're going right back to point of control Here at uh at 10 So anyway We're pulling for them But uh, they didn't show up And then here the sellers see how the sellers took it away quickly I'm looking for these sellers to try to hit point of control here. There they go Just one tick shy Still looking for it though All right, we got to jump over to amazon. We'll come back and we'll revisit this here And uh, let's take a quick look. So amazon is just cratering, huh? Wow Yeah It is uh Pretty pretty uh Well pretty big move at 2,600 here high liquidity up there 3,500 contracts, which is funny. I mean, you know, this is a 2,600 instrument. Um Or now it's a 2,500 almost instrument. Um Move back down same concepts guys even even in here. Here's our Um Volatility at the open move down move up lots of Um Price action in here and then sellers break it Move it away. Here's our retest Right back to it Okay, and it's been chopping arounds in their sense All right now, you know, uh, just to just to let you guys know like i'm Uh looking at amazon in here and this is this is kind of important. It's some is a technical thing I need to go over um Okay, alan so let's see 10 000 shares were bought at 25 34 Okay, well, let's see the follow-through then there there's your event to to to look at alan Uh, and now look at the order flow around that event Right, that's no different than the way scott pulsini looks at you know His events uh for large stops and iceberg transactions And then he wants to know what's happening around that event because he knows those are the people moving the market Okay, we're they have have a lot of potential to move the market Uh, here's what I was going to mention. Um, that's important, uh technical, uh um issue here In this instrument every scent is is being displayed Okay, well, we're looking at you know, uh, you know, basically a hundred dollars in here Uh of a move Okay, so, you know, that's a hundred times a hundred Uh, and um And we're showing liquidity for every single level in here We're showing transactions for every single level in there Okay, so we're looking at you know, um Why why does that matter? Uh, because um You can see like you you'll get some kind of um, uh, some latency Uh book map can only handle like up to 8 000 points or or levels Which it handles very well once it starts to get above that it gets it gets kind of hard Uh for book map. It's a lot of data Uh, and uh, you might have some uh, some issues saying like, you know, it's not working amazon It's not working it is Uh, it's just that's that you're running up against that issue All right. Now. This is why if you're looking at crypto markets Uh, when you put in the tick size, okay, we can add a new symbol in here. Let me just show you Uh, and you add in a tick size Let's go with a coinbase pro is fine. Um Yeah, we can just look at um At bitcoin here tick size here Put in ten dollars per tick That'll make it easy easier for book map Because if you put in like um a dollar that means every single um, and boy you used to put in be able to put in 0.001 As your tick size when it was a lot less Had a lot less value But uh, yeah, you need to use a high tick size in here Else you're you're gonna have some latency issues It's a lot of data for book map to to display All right So anyway, if you zoom in on amazon, you it'll be a lot easier when you start to zoom out and look at thousands and thousands of price levels It is difficult for book map to handle that. All right, so just be aware of that It makes sense. I mean like uh, this is you know It's a $2,500 instrument Anyway, and every single tick every single cent is being displayed All right So i'm not really seeing much here alan uh at the moment Nice transaction here at 25 30 and nice bounce, but You know it's made a lower lower high So far jump back Oh Here we go guys there it is god, you know timing has been a little off today. We were looking for this scenario here um We're looking for that. We left off here for the move back to 10 bounce Or just to move to 10 that was it. That's all we covered back to point of control before that move We were looking for this to to go higher Okay, and it was starting to play out nicely and then we got these these players retest point of control and look at the bind now and look where the bind is taking place here Okay, look at the bind above the range here. So where is it likely to go guys? Where do you think? I mean and you got to answer quickly because it's happening Yeah vwap is a good one Uh, uh, 42 30 liquidity is a good one also 42 28 or 29 liquidity up there is also a good answer um You know, uh heck leo would probably say filling in uh, uh, yeah the 42 32 area Uh, that's the kind of another area to I think you were looking at or I think that was the previous area you were looking at Yeah filling in the singles there. Yep your tpo is in there exactly Uh 55 long shot. Let's take a look. I like the idea Oh, that's that's yeah, that's quite a long shot. Hey, you know, it's not out of uh of the ordinary here guys Let's let's take a look at the bigger picture Uh, and uh, here's what we're looking at here now. We had all sorts of reasons to look for this potential reversal It took a long time for this to work out Okay, now we're going to get continuation on this. Well, first, we're just looking for the move back up here for these buyers to try to move it back up to 30 we've got liquidity. We have a liquidity up here on the on the bid that was filled large transactions took place This was the overnight low. We're looking for a retest back to it and we have all sorts of reasons for that All right Now for it to come back up and to trade back up into the highs up here or or this our line here at 55 That's asking for a lot more, but it's friday. We can get it's, you know options expiration It's end of the month. Um Or it's not options expiration. I'm sorry. It's uh end of the month here you know, we um We have the uh potential to just on fridays You know get everybody going this way here for the first couple of hours of the day and have it grind relentlessly and just a really slow um Torturous grind higher for the rest of the day Be open to that scenario and look for it all right because uh We see it all the time on fridays. You know just everyone gets excited Oh, I'm you know going this way that way Uh, they get caught up all in it and then it goes the opposite direction You think and the rest of the day and you think oh, it's got to reverse at some point. It just doesn't Um, that happens a lot Uh end of the week Okay So anyway Guys, uh, just one more thing here. Um, we have the uh trivia again, uh at um 4 30 p.m Okay, so uh come to the events room special events room is uh, uh, where you find it. Uh, this is the uh A text room. It's going to be in the voice room, but uh, you'll you can um You know chat in the in the special event Text room there. There is a prize for the the winner 100 bucks Uh to be used uh discount or coupon in the marketplace. So uh, yeah, that should be really good um Looking forward to that. We had a good one last time. I thought it was a lot of fun Let's see I think we've got it all covered here and youtubers. Let's see Did I answer your guys questions here? Uh, Carlos, I'm sorry. I didn't get to your question about some of the um, uh stops in icebergs But we'll we'll go over we go over it all the time. So monday and tuesday come to the webinars. We'll do it Yep All right guys. Yep. Thanks everybody for coming and uh, Stay tuned for tom b. He should be starting any minute and uh, and then we have the uh, uh trivia night Or you know 4 30 at the market close. Okay. Thanks for coming. Take care. Bye. Bye