 Okay, so welcome to part four of the Bookmap Educational Course. We're going to go through the advanced applications, the confluences, and enhanced execution. Risk disclaimer, we'll start off with that. Trading equities and futures involves a substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. For more information, go to bookmap.com. You become a member there, and you'll have access to free resources, and then you can reach out to us at support at bookmap.com. A little bit about me. I've been trading for about 10 years in a variety of markets. I'm the product specialist here at Bookmap and lead the education in trading and expert in the order flow and market microstructure. So you can reach out to us at Twitter, at bookmap underscore pro. That's our Twitter handle. And then Bookmap on YouTube, you can subscribe there to our channel, and get the most, these two, the Twitter as well as YouTube, you'll get the most up-to-date information. And then reach out to us again at support at bookmap.com with any questions. Let me show you the playlist here for the educational course. So if you go to our YouTube page here, let's go to home. You can see them down here just because they've been uploaded recently, but you can click on the playlist, and then click on bookmap education course. And then you can see parts one, two, and three. And then this fourth part will be included later today. And this is where you can follow us on Twitter at bookmap underscore pro. Okay, and I'll get to any questions at the end of the webinar. So lots to go over today's goals. We're going to go over the advanced applications, confluences at our setup levels. So this kind of review, just quickly what we went through part one, we went through the very basic, but they're very powerful and pretty advanced market mechanics, understanding exactly how these markets work. So it's basically forgetting everything that you've learned about candlesticks and indicators and derivatives, and really understanding how price works and how the markets move. And then part two, we started to broaden our scope and look at structure and those basic market mechanics within the structure. And then part three, we started applying that with setups, looking for opportunities. And now today, we're going to look at those same setups, but we're going to have added confluences. Okay, so we're going to look at a cumulative volume Delta iceberg orders, large lot players, correlations and more. Okay, we're going to be able to enhance our execution by also looking at the API automated strategies. And then we're going to end the course with more training exercises and put all these pieces together. Okay, so one of the strategies we went over in part three was the reversal strategy. Now we're going to look at some confluences with that reversal strategy. We're going to get insights that precede that setup confirmation. And I'll show you what I mean in just a moment here. So the add-ons we're going to look at here, the indicators are cumulative volume Delta iceberg detector and large lot tracker. It's important to note because a lot of traders start to gain understanding of these confluences and indicators and then they look specifically at only those. These additional studies, they give confluence at a specific price level. They do not offer a signal by themselves. So it's best to utilize them within the context of the setup. And that's what we've been covering in parts one through three. All right, so this was the reversal strategy that we looked at in part three. We saw the basically sideways here at the open at 930 open in the S&P E-mini. We made a lower low here and broke structure. We took right into higher liquidity down here and then went right back up to the other side and then broke structure yet again up here. Really trappy day thus far at that point, but this is key to understand that we broke structure to the upside. So we're knocking out any of the weaker hands, any of those sellers. And then you can see that we saw an imbalance in that auction and we saw it starting to trend here pretty hard down into a lower low. Now down at this area here, we're really eyeing the setup, looking for potential reversal. And at this point, we didn't really have much to go on here. We had a higher time frame trap here. We went below this low here. So that could be a trap and we could go right back up to the other side of the range. But we also had longer term high liquidity here, some of it trading, some of it not, but we do see large red dots in these areas. So we are getting some trades to the downside. But we also noted here point of exhaustion at the very end here. There's very little trading, just a little red dot here at the very bottom. That doesn't bode well for a continuation to the downside. You want to see very big red dots to the downside. And our volume analysis here, well, we can take a look at that and we can see our profile here was not showing a lot of volume. So it's starting to dry up, it's looking more like a little bit of like a finished edge here to the downside and exhausting that coincides with what we saw here at the very end. But we're still holding our structure and we're below the trend line. And we're also below this swing here, but we're coming into this higher time frame. And this was key. This was the big signal here that we're looking at our higher time frame. And this was a low on a much higher time frame. And we tap that and then we come back into the middle. It's looking pretty good though for the downside because we have high liquidity here, high liquidity on the offer, pressing on price, and we're still within our structure. Now, the reversal strategy that we're going to go through, you can see the insights that these confluences are going to give you, and it precedes the setup in this case. So let's just go through it. We're at our higher time frame level. Our microstructure is not broken yet. But that's part of the setup. The liquidity context, we have exhaustion, that's true, bidding higher. That has not happened yet. That's part of that reversal. And then pulling the offer, and that has not happened yet as well. Our volume profile looks pretty good. We just covered that. And we have not seen yet that steady initiated buying volume breaking above the structure. So a lot has not occurred yet. However, if we look at the cumulative volume delta, it's giving us insight. The CBD displays the, let's just define it here, the CBD displays the cumulative volume changes based on the volume traded by the sell aggressors versus the buy aggressors. And it just adds them together. Then it is displayed as an indicator and as a widget on the widget panel. In this example, we'll be looking at the chart range setting for the book map cumulative volume delta. All right, so the insight we're getting there, okay? So we're making lower lows, okay? But look at our cumulative volume delta, okay? We're making, I wish this would go away, we are making higher lows here, okay? So there is more buying than there is selling in the aggressor classification here. All right, so that's the divergence we're looking at here, okay? Making those lower lows, but more buying is stepping in compared to the sellers. So something's a little off there, all right? And that's the cumulative volume delta, that exhaustion. So makes a lower low, CBD makes a higher high conclusion. There is more aggressive buying than selling in that chart range, okay? Selling pressure is beginning to exhaust, okay? Let's move on to another one, another confluence, okay? The iceberg detector, what does this look like? Okay, well, the iceberg detector, we see significant iceberg order here in this zone between our two lines that we had, horizontal lines that we had, our higher time frame, as well as this swing here, okay? We see 1400 iceberg orders here, or more contracts traded than what was in the book. So let's define it here, what is an iceberg, okay? A book map generates the iceberg indicator based on the difference between the actual pending orders offered at that price level and the actual number of orders that transacted at that price level at that specific moment, okay? And the larger players use the hidden orders or icebergs that conceal their intent to trade at that price level, okay? Their large limit orders do not display in the limit order book. Therefore, these hidden orders do not skew the auction imbalance, okay? And this can act as absorption too, we see it all the time, all right? So you'll see big volume dots, and you'll see reversal. But how do all those volume dots occur if there is no liquidity at some of those levels, okay? So you'll see that. So let's jump back and take a look here. So what's occurring here with the significant iceberg order here? Well, they're hitting the bid pretty hard here, okay? We see the red dots taking price lower. But someone's absorbing it here, okay? They're not showing their orders in the book. We won't see this iceberg order happen right around this area here. The significant liquidity was at this level, a couple ticks below here or tick or two, okay? So that's ticking off here. A larger player is getting their fill, but not showing that imbalance in the book, right? Because we can see how the imbalance, like in this area up here, how it affects price and how it's driving price lower. You get an auction imbalance, very, very high liquidity, very close to price here, very aggressive, and then that will scare away price as it tries to reevaluate. It's worth here. Just think of supply and demand, and someone shows up to a market with a lot more vegetables than, or let's say they're selling tomatoes, okay? And all of a sudden there's a skew in the supply. And that's what's going on here, okay? So it cheapens the price, okay? All right, so we had significant iceberg at that level. Let's take a look at the large lot tracker, okay? All right, the large lot tracker is displayed here in the current order book column as bars or bars and numbers. It's this white line that you see here in this little white line. What this line represents is a larger player holding the liquidity here that is, what you can see here, like these 1200 orders here, this is the highest I believe in the book at that time, we're very close to it. And we have a larger player in here, okay? He's holding this much liquidity of all of it here. So it looks like it's somewhere around 15% or so, something like that. And 15 to 20%, and we see a few more here as well, okay? So they're starting to show size here. So this is an individual actor that is holding that many contracts, this percentage of the liquidity here at this price level, okay? So we have an algo that can approximate that. By the way that the orders come in and hit the book, that's what the algo is reading, all right? So we're starting to gain understanding of larger players, okay? So let's go over the large lot tracker. It's an approximation of the largest single pending order at a price level. If that order crosses a certain threshold based on the adjustable settings that your custom settings in book map, okay? Larger players typically set large block orders in areas where they want to deal, okay? This can also act as a spoof, so we have to be careful. A lot of times they'll purposely create an imbalance or skew in that book. And then the cancellation of their orders can create that vacuum that we've talked about, okay? It's still skewing the auction. We just have to understand the intent of their trade. If they mean to trade or not, okay? So putting all these pieces together, let's take a look here, okay? All right, so at our higher time frame level, okay, let's take a look here, all right? As we're going to move forward here, and then we finally do, as we move forward in, as Price said, we saw it, you know, the reversal starts to take place here, and we break our structure here, our microstructure, all right? So we're at our higher time frame level, microstructure is broken. The liquidity context, we had exhaustion, and then they start bidding higher, and they start pulling offers, okay? And the volume, we saw the volume profile starting to taper off. And then we saw the initial initiated buy volume that broke above the structure, and this was key, right? This was a big part of the setup here, okay? And then now we have confluences though. We have the CVD exhaustion, we have large iceberg orders, and we have large lot players at these price levels, okay? So putting it all together, we can see what starts to occur here, okay? Pretty nice setup, and this preceded the setup here, okay? The, by looking at the CVD, the iceberg order, and the large lot tracker, okay? And you can see that it's still holding here, pretty nicely. Even the large lot tracker, we see that there's still a few more that start to pop in at higher levels here, okay? And this is where we start to see them pulling liquidity here, and they start bidding it up at higher levels here, all right? Okay. All right, just let's get into the execution of this. And the way that we were looking at it earlier in part three was to first identify your targets of high liquidity, okay? And consider front running them by a couple ticks. You want to get filled at that area and take some risk off. And then that would be our partial profits by taking that risk off, all right? And the entry, the context of that move, we're looking for a pullback to where it broke, originally broke from, all right? Now, the more aggressive that move, the more that we're going to have to kind of watch it and maybe you just get a pullback to a flurry of activity that happened at a higher area, all right? So you can consider at that point layering in your orders in a zone, okay? Because you may have to jump in, and if you don't want to move it and price is moving quickly, you may have to jump in and use a market order, okay? Basically, you'll be pack hunting along with the algos, okay? And join that initiated buying, okay? And then our stop order, well, since we see that initiated buying, we place it down below it, okay? So very little risk, and this is what we were looking at earlier, okay? So target, front run the higher liquidity here around this 24-21. This was our zone of entry, as we saw the initiated buying start to happen here as we broke the structure, and we're looking for a pullback into this area here, okay? Stop loss just below here, all right? Okay, however, now, with a little more enhanced execution, you can consider using and engaging some of the API automated execution strategies, okay? We have the chase, escape, and execute, all right? So we can switch those on, and that's available up here in this tool here, right? And switch that on, and you'll see there are three available. There's the chase, escape, and execute. The chase, basically, it will start to chase price and trail it by the inputted value that you have here, okay? By best price or last price, okay? The escape strategy, okay? That's the next one down. This one's looking for an order book and balance, okay? And I'll get to your questions on this, just in case, because it would probably be better to go over this another time, some of these automated strategies. But we're looking for an order book and balance. So we're looking for if price starts to come down and it starts to head toward them here on the bid, okay? Well, we're looking to kind of front-run it, but we're looking for someone behind us to support our decision to get filled at that area. If we don't have limit orders behind us to support our concept here, or our trade idea to go long, then the algo will move the order away and escape to the downside here until it finds that liquidity to back it up, okay? And you can look for that skew here with a percentage, and you can input the number of levels you want it to calculate and how many ticks you want it to move away, okay? So this is really fine-tuning your execution in this area. You're looking for something very specific, all right? And the execute strategy, all right? Now, this is a pretty aggressive strategy here, the way that this automated algo works is as soon as it sees an imbalance in that limit order book, it will very aggressively move your order up to a specific level, okay? So you can input the amount and also the amount of the percentage of skew you're looking for, all right? So it'll just move it up very, very aggressively. So you're hoping that if someone comes in and starts lifting the offer very aggressively, you're not going to miss it, all right? And that's what this execute strategy will do, okay? Now, what's key here to understand enhancing your execution in this area, okay, is that you can use all of these together, okay? So you can have them all switched on, all right? And all three strategies can work at the same time, all right? As soon as maybe that execute strategy, maybe the setup is complete here and the configurations are met, as soon as that occurs, then this will very aggressively move your order up, all right? It won't execute, these all work on limit orders. However, it moves it right up there to not one tick below, but like at the, if you're on the, it would be a by limit order that'll be placed on the best offer, okay? So it's very, very aggressive and you're going to get filled very quickly, all right? Okay, all right. So that's the automated strategies and enhancing your execution in some of these levels with the confluences for that reversal. So let's continue on with this same setup from part three in our momentum strategy, okay? The setup and context, all right? So let's take a look at it here, okay? This is what we're looking at, so this was our breakout to the upside here. We broke that structure here, okay? And we had time and acceptance holding up above here in this area, okay? You could have gotten in again here, here or here on that reversal strategy, right? But here is the momentum strategy, all right? So if you had gotten in, let's say, here or here with that reversal, the first target you would have taken your partial up in this area here around that 24-21, okay? Because we're eyeing that high liquidity up there, all right? And now we get another pullback. And let's just say that you didn't enter on the reversal down to this area. Instead, you started to see them very aggressively, little offer in this area, and you wanted to join in, okay? So you're adding to that position when you see that more initiated buying starting to sweep the book to the upside, okay? All right, so let's see here, okay? Okay, so now we're going to start to dive into this a little bit, and we're going to zoom in, and it gets a little more complex with this, right? Because we want to understand how the volume here is trading, and especially in context with the liquidity at some of these levels here. So we're going to go look at a volume column, our chart range volume profile, okay? So it's a volume profile that's giving us the profile here for the chart range, the viewable chart range, okay? Right-click in this column, and then select Format, and then split it out, okay? So we split out the aggressor, all right? And we're going to look at these and compare it, not horizontally like this, but skewed a little bit. We're comparing the bid versus the offer, okay, the volumes. And let's move on here. Not only are we going to set it up that way, but we're going to reset the column data, okay? So it's back to zero, okay? So you can either use Reset now, or you can reset by double clicking on it if you have this checked. So you can very quickly just double click in this column here with your left mouse button, and it will reset the data, okay? Now we're at the bottom of the range, and we're resetting the data, okay? So we're starting to understand here, now we start to, we see price creeping up, and it comes back into the range here, and then we start to see the initiated bind, right? Right in this zone here, okay? Look at the split volume, okay? This is where you're going to see a lot of traders like this, a lot of traders like looking at the numbers. I mean, we can see it here graphically with the dots, very clearly. In fact, I kind of prefer that. I'm very accustomed to it in Bookmap, but there's a lot of dome and price ladder traders out there that are looking at this column here, okay? And you have that opportunity in Bookmap as well. You can configure all of these columns into a dome that is very, very advanced, more than any other dome I've ever seen out there, okay? You can look at many different data types, and you have many different configurations for those data types, okay, and resetting opportunities, okay? So what we're looking at here is just more buying than selling, okay? They're just lifting the offer very aggressively, okay? And you can see it here, 665 versus at 1679. We have 734 here versus 956. Now, these guys are on the retreat, okay? You can see that they continue to lift the offer pretty aggressively in this area, all right? It's pulling price up, okay? Another column that we have in Bookmap is the time and sales, okay? This is new in 6.0. And we also have filters for that time and sales, okay? So this is gonna go along with the aggressive volume here that we split out, okay? So you're gonna note that your time and sales, look at all the buying here, okay? It's overwhelming the selling, all right? We have much more aggressive buying than selling here, all right? And I've filtered here this. I don't wanna look at one and two lots. I'm looking for larger orders here because these guys are jumping in quickly and they're moving price to the upside very quickly, all right? So I filtered it for 10 or above, so 10 is the minimum size, all right? So anything that's greater than 10 here is gonna show up, or 10 or greater, all right? And we can see that overwhelmingly, this is much more buying than selling, all right? Okay, now let's take this a bit further and get into more granularity and sub-second levels here. Even though, like, we're still looking at 30 seconds of data here between each vertical dotted line. Now, you can zoom in and see nanosecond level data if you want. But most of us aren't trading at a frequency like that. However, this is very consumable for a point-and-click trader, all right? And we're starting to now understand the context of this aggressive buying, okay? We can see it here in our data column, our time and sales, as well as the big green dots lifting the offer up into higher levels, okay? Back to this 24-21 level, look at them starting to pull here on the offer, okay? We got a lot of nice insight here. These guys are getting out of the way and pulling from this level on up to here, okay? So we can see them pulling the orders here on the offer and adding them to higher levels, okay? Now at this point, because we're zoomed in, we can also start to look at another add-on indicator. And that is the imbalance indicator, okay? And this makes a calculation. There's two. One is for the book imbalance and the other is for the volume imbalance, okay? The volume imbalance here in this area is just the traded volume on the best bid or offer, all right? And it's just a simple calculation. It's kind of like your cumulative volume delta in a sense. But it's as a percentage here, so calculation's a little bit different. But the concept here is that we know that there is more buying than selling, okay? And this is getting pretty significant here. We have 14% more buying. And this is skewing that right here, okay? We can also look here at the sub-chart and the volume. And we can very clearly note it, all right? We can see there's more buying than selling, okay? And of course, we can always look back at the dots. The dots are very telling of what's going on in this area here, okay? We can also start to look at our CBD at this level, okay? We see that aggressive buying is being noted here in the CBD. And we see the bump up in the cumulative volume delta, okay? So they're getting out of the way and they're getting aggressive with the buying volume, all right? So let's enhance the execution here, okay? So previously, we're looking at, you know, front running it by finding the liquidity on the offer and identify those targets, consider taking the partial profits. And then, but we're looking for, this one's different. We're looking for trend continuation here, okay? You might have to, most likely you're going to have to enter with aggressive market buy order when you start to witness that large initiated buying, okay? Because you're not going to get a pullback. And your stop order, again, will go below that initiated buying. If they're serious, they're not coming back, okay? And this is an excellent strategy for scaling into that current position that we were, for that reversal that we're already, we've already taken partial, and then we're adding back in with the momentum strategy here, okay? So this is what we were previously looking at, our time and acceptance, you know, stop loss below here, the joining in here, looking for the first target, maybe up into this area, but we're looking for continuation, okay? And now, let's incorporate some of the API automated strategies, okay? In this case, we're going to look for only just two, okay? We're not going to look for the escape. We're just, we're going to chase and execute. Those are the two strategies, okay? You can look at any combination of these, you know, you can look, you can have all those selected or none of them selected, or just one of them selected. So they all work together and that's the way that they were developed, all right? You can fine-tune your trading execution here with the custom settings that you have within the inputs here, okay? So we'll look at the execute here and just get very aggressive here, you know, check the box here and check this box here to enable it and set your limit order, all right? So in fact, you can set it before this occurs, okay? So if you're starting to anticipate this happening here, well, you're going to get a nice fill, okay? You're going to get filled probably up in this area here, okay? However, if you, you know, it's possible, though, with the execute strategies, you might get that in balance and then you'll get executed, but then all of a sudden, maybe they start hitting the bid very aggressively. So you'll get caught up in it early as well. So you'll pay that price, but instead of waiting for that confirmation, all right? Okay, all right. And as you can see, we saw that continuation to the upside, and again, looking for that potential entry on the pullback here, again, we did not get it here, right? And that's where you can start to utilize, again, some of those API strategies, okay? The ALGO or automated strategies, and you can jump in there and look for that continuation to the upside, okay? Because you did not get a pullback here at all. In fact, you got the book flip and higher bids here, okay? And we saw the continuation to that upside, all right? Yeah, that was the end of the day here, was at 24, 36 and 3 quarters. Okay, one more here. The pullback strategy, the setup and context. This is in a trending environment. We already see the structure has broken, and we've swept to a lower or newer level. And then we see the aggressor trades. They trade through the area, they absorb. All of those limit orders trade, and they continue to trade, all right? So they trade through those areas. The volume, we see nice big new cluster of volume at the newer level that has the correct delta. If it's to the downside, then you're looking for more red, and if it's to the upside, it's more green, okay? Okay, what we're looking for is the pullback to the low volume node, on low volume into the low volume node. Okay, so this was the setup that we went through in part three. Here's a break of our structure. Nice volume cluster, a lot of red. We get that pullback here. We see exhaustion right at this little point here. There's a little bit of trading, but it's not complete exhaustion. But we immediately rotate back down lower. We come right up into the low volume node that occurred here, and we're looking for that continuation to the downside. Okay, that's the pullback strategy. Okay, so let's take a look here at some of the confluences, and we're going to zoom in. All right, we're going to look at the cumulative volume delta, and then iceberg, large lot, imbalance, and then we'll introduce you to the correlation tracker. Okay, so the cumulative volume delta, we see the same type of exhaustion. Now, it's pretty slight here, actually. I was kind of surprised. I would have expected this to usually, with this pullback strategy, you see a lot of exhaustion up in these areas. And you'll see that price will come back to the original area here, where it dropped from. And instead of just seeing like a slight divergence here, you're going to see pretty heavy divergence in that exhaustion. The CVD, we weigh down here somewhere. That's very typical on this pullback strategy. Okay, and in this case, it's just slight. All right, okay, iceberg detector. Now, this is another way of using this iceberg indicator here, because we see the breakdown here, but we don't see one significant order. That takes place, but we're starting to read the context of all the icebergs that are occurring here. So look on the offer. These guys are placing their hidden orders up here on the offer and they're getting filled. Okay, 59, 56, 164. What about on the bid? How does that look? Well, we see 25, 2, 15, 22. I mean, that doesn't compare, right? So we know we have insight that these guys are here getting filled and looking for that continuation to the downside. Now, it is true we see 179 here, a little bit higher area. This guy's probably flipping out in some of these lower areas down here. All right, so but putting this in the context, that iceberg detector. So I start to note that in specific areas. I mean, you can see 20 go off here. This isn't really giving us too much insight, but you'll see it again and again. Usually, if it's at a significant level in the setup, you start to see these guys placing their hidden orders in those areas. And that's the insight we want, right? That's where these add-ons and confluences can help. This makes that setup much higher probability. Large lot tracker, we see a few here, not many. And so they're starting to place some of their larger orders in these areas. And then imbalance indicator, it's not very skewed. I mean, we have negative six on the volume. And the book in balance is positive five. That's because we can just see that they're here on the bid getting filled. And let's move on and look at the correlation tracker. We're looking at the ES here. That's the symbol we're looking at in this strategy. Now I had to take the chart here and kind of scrunch it up a little bit so that I could fit the NASDAQ within here. So we're looking at the NASDAQ futures as well, and that's the blue line. So look at how we see the break here a lot more significant in the NASDAQ. And that's usually the case. There's a lot more volatile. There's less liquidity compared to the S&P. And we see a nice quick break to the break downside here. And we see kind of a ABCD back up into where it broke from up in this area here. So and then you see this is actually breaking down again before the S&P is. So we're getting this added confluence here by looking at another correlated market. This can be a really powerful indicator if you can look at the right correlated market maybe with the S&P maybe you want to have an opposite correlation with the bonds or maybe you want to look at the dollar index or maybe you want to look at a sector leader with stocks because you can because we now have the DX feed. So whatever it is the correlation that you're looking for then yeah gold versus the Aussie dollar or oil and the CAD whatever it is or gold and the CAD as well. There's all sorts of correlations and they're always shifting and changing. All right. So let's pop over here and maybe we'll see a better opportunity with the NASDAQ. In fact there's all sorts of ways that you can play this now with the correlation tracker. You don't have to be directional. You can start to hedge. So maybe you're looking for a much bigger move in the NASDAQ because look at the nice move to the downside. We see the pull into higher liquidity here where we see the pull back here and we can go through the same process here with the all the different confluences. Look at the move back here obviously it's not quite as high but we do have the CVD showing that a bit of exhaustion up in this area and yeah we see negative volume balance on the overall. The large lot tracker really not showing as much here and iceberg indicator not seeing too many here not seeing too many. So not getting too much insight from the NASDAQ on the iceberg detector. But it's up to you how you want to play it. I mean you can maybe you find a better opportunity in that NASDAQ so maybe you jump over there and take the trade there or maybe you want to buy one and sell the other looking for it to return back into its usual relationship. Whatever it is you want to do or maybe you want to trade both of them. So anyway that's a really nice way of starting to integrate more market activity to confirm your trading strategy. So the execution on that pullback strategy. Identifying areas of higher liquidity was the first thing. We're always looking for our targets and consider front running and buy or take or two. And then consider taking the since this is trend continuation I take those partial profits. And then that's where you front run that liquidity and take your partial profits. It's beautiful because you can see it right there in book map. So take advantage of it. There's the liquidity look how they're behaving. If they start pulling that liquidity maybe you want to pull your order and follow them down as well. And then the entry on that pullback. Now this was originally how we looked at this within part three. I set your limit orders immediately after you see that break. And in the low volume node area you might want to be aggressive because there's not going to be a lot of orders that trade when you get that pullback. It trades back into exhaustion. So consider that because otherwise it might come up and almost maybe a high percentage of the time it hits your level but you don't get filled. If you were one tick lower you would have gotten filled. And your stop loss well we cover this there's a range of opportunities you can you know where you can place your stop or scale into this pullback strategy as well. Scale back in on the POC as we'd mentioned. Your stop loss if it's aggressive is just above the low volume node or back in the range. And then or maybe you want to place it above that POC and that would be more conservative. All right so that was that was this slide here. Okay so here's your cluster here's start to target some of these other areas down here of high liquidity. And then yet recall the you know placing that limit order not right back where it broke from but maybe a tick lower. Your aggressive stop would be back in the range and then your more conservative stop would be above the POC. Okay now the same thing here on that pullback strategy though this is where you can engage these two strategies here your chase and escape and use these two together. Okay the chase will it will start to chase the market right but I have escape on here as well. So if I don't have high liquidity behind me it will engage the escape strategy and it will move my order away by a specific number of ticks. Okay so this is working you're working the level it's like a market making algo basically. You know you're kind of holding your position in mind looking for an advantage when you have other traders in the limit order books skew supporting your decision. Okay all right so that's that the chase and escape you can utilize or I'm sorry chase and execute I say chase and escape okay yeah this should be chase and escape. And you can utilize all of them together it really doesn't matter in any combination again as you like and then fine tune these the settings so you have to play with it and get the the settings that you're looking for it'll depend on the day the time of the day etc. Okay that's that's that and all right let's end it up here right training exercises so with the advanced settings you're going to have to play around with them all right the advanced setups here mark up your charts which confluences give you the best insight okay don't you know see what which one works best for you maybe you like the CVD okay or maybe you're looking at the iceberg indicator but if you start looking at all of them together that might be too much okay so start with one get good at it and then and then fine tune it. Okay also zoom in and out what what time frames do these work well for you as you can see on some of these advanced strategies we're we're we're zooming in okay we want more data here on the granular level to to fine tune our execution that's what we're our goal is right so understand the the details and the variations that you're seeing and then start to anticipate that future price movement okay and this is important you become an expert at your setup this is your business okay stick to that that is the setup that you're looking for and get really good at it and then it's just like you know any other business when when that specific setup occurs that's that's your product okay that's what's your selling or buying and you're waiting for that to occur again and again okay and just get really really good at it and then you can consider other products and other setups and strategies okay start with one and then just get better at it okay and then the the api algo strategies start refining your settings in the customization there how do you want to incorporate these into your trading you know do are you looking for pullbacks are you looking for that execution immediately it you know if it's for example that initiated buying that you're looking for well you know the escape strategy is not going to work too well for you all right and this is where we're this is the end of the education course but it is the beginning of the follow-up support okay because we're going to go through this every day now in the live daily webinars we're going to go through this material we're going to identify it and we're going to look for opportunities okay we're going to see it in real time we're going to adjust it and you're going to start to integrate that into your trading plan all right so and if you want to review understand some of the education these are all recorded they're up there on the youtube site you can go back you can access them and then come back again to the live daily webinars and start to understand and comprehend them in real time okay okay all right guys let's get through through a few questions here um uh francisco not a big fan of the trend lines okay it depends I mean whatever whatever it is I mean I like trend lines I think they can give a lot of insight I also like horizontal lines I mean I see it just again and again and again you know so I'm a big fan I mean we can see that the same strategies here occur again and again I mean just just this pullback strategies here we get it here right we see a break of a range here we see look at a little sweep up here into a new range in this micro composite right and then we get the breakdown here again okay and then we see continuation of that breakdown and we get our pullback yet again okay and this is the one we were looking at and studying but you can see it again here or even again here right so these these it's it's very fractal and it occurs again and again and you can see the trend line this this micro structural trend line is broken so and we see a lot of buying activity down here okay so they're lining up here and you can start to read the auction down here so I'm starting to anticipate perhaps a reversal you know I want to see I need more information at this point but I know that my structure is broken now I'm looking for this horizontal line here at this maybe 42 and 3 quarters or 43 okay if we get time and acceptance above that well that's new information okay iceberg could be induction to the other side well why would they you know why would they use a hidden order to do that though I don't really quite I wouldn't quite understand that part so I think the you you might get a lot more of that with the a large lot tracker okay you see that a lot though you see that large lot trader who will pull that liquidity and you get that vacuum all right so be careful read that and read the intent and get good at that large lot tracker because it can be really insightful but both ways buy buy them showing interest and buy them pulling that interest see my settings on that NASDAQ they were very simple so correlation it was just for the for the chart range okay let me know if that answers your question Ken let's see liquidity over on the NASDAQ is rejected but not absorbed is key yeah I mean all sorts of insights with those Francisco okay Elaine the the the iceberg indicator was the the numbers that I think you're talking about yeah next to the dots yeah that's that's this this here okay see with a version I think a 6.0 we have that enhanced iceberg indicator that is now projected onto the chart historically okay which is great because look look at the insight it gave us here you know we saw more hidden orders and icebergs here so we're looking for that continuation to that downside so we saw our pullback into that area again okay let's see the yeah a correlation tracker is also an add-on as well you'll find it under this button up here okay what tools got book map to anticipate between absorbing and rejecting of liquidity well I mean the this tool here a book map is it's not I mean these add-ons are indicators okay some of them are they act as an indicator there may be some sort of derivative like the imbalance indicator is making it you know a calculation here but the hidden order type or the iceberg it's just to explain what occurred like you know there there were more that traded them than what was in the limit order book at that time okay so something's wrong and it's it's got to be a hidden order because or an iceberg because you know they're something more you can't have something trade than what is offered or bid more than what is trade more than what is offered or bid so absorption I mean we're showing the same you know the same thing here like it's not it's not some sort it's just the market it's just how this trans transpired like you know you can start to look at some of these areas and start to look for you know high liquidity here and coming into those areas and if you want to see it is absorbed well then you're going to see that these trades take place within that high liquidity and if it's completely absorbed you'll see that the bounce to the upside because there's no more selling the sellers were completely absorbed by the limit orders here they're not trading through this level and you'll see the bounce to the upside in this case here they traded right through it right the sellers were very aggressive and they just took it all they swept it that's why we covered that sweeping of the book and that's the distinction and difference here okay rejection of the orders is another thing like if you can see them starting to pull in this area here note the shades of of gray but there's still there's still the majority of us liquidity is still in here okay so you know you'll need to zoom in if you really want the the the the the the clearest honest most honest truth of how that unfolded and you'll see that a lot of times they'll be pulling majority of that liquidity a lot of times they don't though too so you get both it's it's a combination okay and that's that's it I mean we don't we're not trying to it's no derivative it's just like how this data entered into book map from your data provider and then it's all plotted here into book map so it's giving a very very objective view of the market yeah yeah you're welcome Francisco okay well yeah any more questions if not we will wrap it up and that will be the end of the education and we will start tomorrow going through the the live markets and looking at this information okay all right guys yeah thanks for coming I hope this was helpful for you let me know at support at Veloxpro or support at bookmap.com look for looking forward to any your feedback and if you have any suggestions just let us know okay all right guys yeah thanks a lot take care bye bye