 Good morning traders and welcome to the book map live trading webinar. This is Bruce at book map And we do this live forward-looking analysis three days a week Monday Tuesday Friday It is open and free to all on Friday. So we have guests in here today. So welcome And we're gonna go through our educational process And you get a feel for what you get when you subscribe to book map The global plus version is what when you get these live trading webinars So it is a follow-up to our educational course in the live market. It's not only live analysis It's forward-looking. So we will give insight to where we think price is going to move next based on that that live analysis So you can apply what you learn from the course and then we have You can learn from two different Professional traders stock trader J trader on Wednesdays and scuffle senior futures trader on Thursdays So you can learn from their very specific ways of trading and reading order flow and their setups their strategies and trade management So we offer the whole complete package here for your education. It is all included with your global plus subscription. I Encourage you You know go out and compare and shop around See if anyone else offers this kind of education. I haven't seen it Included free like this if they do offer something likely it is hindsight analysis not forward-looking and Then likely it costs hundreds of dollars. Maybe even thousands And so it is all included with book map. That is a very very nice offering Let's go through some disclosures and jump into the live market Okay, general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves a central risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump in and take a look here. What's going on? and Interesting stuff previous webinar. We just finished up over there The Very very easy read. Well, let's just go through it here This is what we kind of saw when the webinar opened up at 9 30. We were seeing this drop They pulled that liquidity around this 16 045 we're looking at the Nasdaq e-mini We can look at other markets if you guys like note. No problem. We're just seeing some good stuff here so far So I'm going to continue on with it They pulled here. Well, where we where we going next. We're looking for 16,000 because look at how strong this activity was Okay, so the no-brainer higher time frame liquidity. This is where it wants to go 16,000 okay, it came down here just shy of it right here as you can see and then Let's just zoom in here and just get getting us updated here before we get into the live market We we see the the back and forth in here was Looking for here. This was interesting. All right, so Just shy of it is pretty typical We've covered this so many times Usually you see people getting filled in front. They were not Okay, that was kind of interesting to see however This are pivot line here. Okay important pivot area right here Okay, now it happens to be also the the Point of control in your volume profile, but just just means the most traded level And that's that's all so it just means that basically in in this consolidation period here It just means that this was what price was kind of The value of the instrument was at that time was was you know around this 15 level here Look at the sellers try to take it below it Okay, and we're looking for after seeing we're looking for that actually in here because Buyers took it above it here You can see it back and forth buyers sellers below it buyers above it fashion bashing back and forth buyers Try to take it again higher sellers don't aren't having it Coming back in hitting the bid looking for them to drop it We're looking for that drop to unfold right in here because we're finding sellers and they did but that we're looking for 16,000 they didn't and then it's like well, hold on a minute Okay, if we get buyers back up above it and we're looking for the squeeze here We're looking for that squeeze looking for 30 was our first price target and then 40 was our second and We've got the the nice move to the upside interestingly enough. I mean, you know, you we would call this a short squeeze I Don't really see it as a short squeeze. These are these are buyers coming in here. They're moving it This is where the stops in icebergs indicator. I think offers tremendous insight The reason being is it's not showing us stops here. It's not showing us icebergs in here Then and even this move to the upside is just it is indicative of a stop run now. We see it, you know You can see the stops in here And we can show you exactly how many with the the on-chart indicator but In fact, let me let me get that up and running But when it's not what I'm trying to cover here is how insightful it is and when it's not showing you something Okay, so 21 43 37. These are stops. Okay little stop runs in these little areas here. Okay, right up into high liquidity Okay, so yeah, people are getting stopped out, but it's not a whole bunch That's not bad, but anyway So we're finding a lot of new buyers in here, that's what is important Okay, the stops in icebergs is showing us that there's new buyers coming in here Okay, so then we're gonna start to look at that in the order flow with that kind of insight great They should be able to lift it then at least back up to some of these levels here right here where they dropped it from and Let's just zoom out a little bit. Okay, right here. There's also a swing and we're just busting through it right now Okay from the from the pre-market There's little levels in here, but Ultimately, I want to see them actually come up to about this 75 level or maybe even 90 high of the day here Okay, or at least high of this session here Okay, so yeah, if these are new buyers, then that's where I'm looking for it to go Right to previous areas in the order flow that were significant Okay, and the buyers are coming in And we know that there's been a lot of buying in here a lot of buying interest And so they're moving it moving it higher here All right, so Let's see here a good morning Alan and Alexander when you have a chance, can we take a look at gold sure crude and gold? Yeah All right, so Yeah, another thing here that we want to take a look at and we want to understand the order flow around these areas Is areas of consolidation? and in breakouts or the order flow within those consolidation periods because typically the way the market works Is you get a? Consolidation period and back and forth and then something happens and the market breaks And the market will go to a new level now typically that happens in kind of a catastrophic manner and What do I mean by that? Okay, well here we have a consolidation and then we look for a lot of volume to break away very quickly Typically, this is more typical here We have actually a smaller consolidation period here and then here's our big break right and look at the buy volume here So the buyers are serious. They moved it away from that area All right, so that's what we want to understand Is where is that? Big volume taking place And then we want to see the movement as well Okay, so they moved it to a new value area and then you can see it goes back and forth within here until And we're gonna see it right around this 45 or 48 level right here They see the buyers above it. So we even have like kind of ranges within ranges here Okay, so maybe sellers would you know, they'll try to kind of upend these buyers in here and drop it right back down to this 40 level here it will see but You know try to get them stopped out, but the the trick here is you can still remain bullish This is where it broke out from at 40 They on strong volume So buyers have taken control and move the market higher and and it has not gone down below where they took control Okay, in this time frame here from about 1001 or 1002 onwards East Coast time here All right, is there any questions about that understanding market structure here gives a tremendous amount of insight Okay, we want to understand then the volume and also the auction around that market structure All right, so let me clear the drawings here for now. And yeah, we're starting to bounce off this area here. I Wouldn't be surprised though to see sellers try to drop it below 45 back down into that area here around 40 I was just talking about I Don't see him doing it So we're gonna go with the order flow looking for them to try to break up into the 60 ish area here And then through it on up to 65 See if they can do that. I don't know if we're quite ready for that move yet But that's the direction we would point to right now due to the order flow. We're currently seeing All right now. Let's read the Not just the structure here, but what about the auction? What is it telling us here? Okay, the limit sell orders here and the limit buy orders over here Well, see them pulling here on the bid And they even pulled down here. So do they want to be buyers here and the answer is no So let's see if the sellers can try to break it And if they can where would they go next? Well, this liquidity looks pretty good down here around 36 So, let's see if the sellers can do it Looking for it and we should get a stop run too, right? Because these these guys are gonna get shaken out here Here we go Looking for 40 and then maybe 36 Okay, selling looks pretty good See even on these smaller moves. This is where I don't know James is in here today And these these markets are fractal And understanding the kind of fractal nature see how even this little small move It relates to what we're talking about Sellers to control down here and then we're back up above it and buyers trying to take control here So this is similar to what we saw in the previous webinar We're looking for the squeeze the upside here We were looking for that move down into 40. It is failing. It's a back back up above our pivot line here And this important area right here Okay, and on size and that's the important part size and then movement is what we're looking for here Okay, so we're getting a low volume pullback now if we can get back up to here at 50 With another big big green dots buying here Likely we're gonna get our breakout Okay, and we get the breakout back up into the top of the range here at at 55 Or 60 up here that we're looking for actually earlier and they cannot They cannot Okay, we're back to the squeeze to the downside here Anyway, we're seeing a nice battle between buyers and sellers and this is typical around these kind of pivot points Sellers below it buyers above it, you know They're really trying to move it and trying to get someone to get be wrong on the other side And then you know, they've got to cover. All right, let's see if the buyers try to do that right here Still looking for them. Let's see it big green dot here and then a quick move up into probably 52 or 55 Yep looking good here now We just need to be that looking for that green dot see how they're pulling here on the offer as price comes up toward them They come back in as price moves back away Now I know we're looking at a tiny little range here, but we just this kind of understanding in these Areas of consolidation are the same on all time frames. See see and then look at the sellers try to come in here And they're not they're not we they're they got below that that that pivot area here this line And we don't see a lot of selling Okay, so now buyers have it here now they can now they they're pulling here now I'm looking for it for you know higher probability move that we're going to move up into 55 here Sellers still fighting and we got up to 52 Okay buyers, let's see it Sellers still fighting it there at 52. Look at that. All right, they've got a clean shot at it now They pulled here at 55. Okay, they're adding on the bid And we didn't find our buyers here, right? So now it's starting to exhaust up here actually We're not finding buyers. We it was a higher probability trade in here for a move to 55 Now they just exhausted out of the market here buyers here, okay Buyers here and a lack of buying up here. They come right back to it. All right. All right Let's see if they they just traded into this 50 liquidity here We got our green dots again, we should get a nice move to the upside here. Yeah, here we go now 55 now 60 as well I want to see 60 here 60 liquidity looks good 65 liquidity looks really good as well Okay, I'm gonna have to do a little hindsight Education here just to kind of cover this and it happened a little little quickly here to go over in real time There's our move 60 and and looking for 65. There's 65. Let's zoom out here. Where else is this going here? This is the breakout Yeah, up to our 75 level that we talked about earlier. Maybe maybe we can get back up into 90 up here And that would be high of the day now We should we should really start to see some stops trickled not trickled We should see some big stops to the upside here Okay, right a little little tricky move in here But I want to cover it. I mean we're still moving and we're still looking for this to go higher They were almost at our 75 level that we were talking about earlier and what else was it? I think it was not just 75 this I liked This yeah up here This swing Yeah around 75 And then also 90 looks really good They've been in the book for quite a while and they never they never traded here that liquidity up here at 90 Okay, so we have a little bit more Understanding as well here in the in the order flow and the market structure on higher time frame buyers coming in Okay, we talked about it earlier That Well, we don't see any stop runs in here. We're looking for a squeeze You know a short squeeze to the upside and we're not getting it So if they're if they're not stops being triggered, this must be new buying That would be the assumption Okay, and yeah that assumption, you know played out pretty nicely in this move to the upside Hey sellers coming back in we Kind of interesting move, okay 65 blaze through that and it did not trade to our 75 level a little shy of it It came pretty close Came up here about 73 and then sellers came in Traded into now. This is typically, you know What we see Typically what we see on these moves From one new zone to the next. Okay, that's what I was talking about earlier as well There's you know, this is playing out really nicely too. I mean, it's always it's typically the same stuff here But this is what we were covering consolidation Breakout and then look at how they see how they're supporting it here on the on the bid and they actually sellers took I'm on and traded into them here Where it broke out from where at 60 they're on the offer here now. They're on the bid So let's just clear our lines again here Going through a lot of stuff trying to go through it in real time here and keep up the This is typical though. We look for them to support it buyers would should support it, right? Now we're getting we're getting sellers testing those buyers though They're down below that area here at 60 They took these guys on on the bid they these guys bought and the transaction took place here Okay, now if we get back up above it Great, then we're looking for this liquidity back up here and now up here actually 70 Okay, so around 65 70 looking for buyers to stream right up to that area Because we're above this area right now. That's kind of the key See you see buyers are sellers I'm sorry guys. I'm kind of all over the place today Sellers they come back in and try to drive it below that area. This is an important They know it's an important area and they're trying to get price to move that way And this is where the battle is shaping up and now buyers are back up above it now We're gonna get our move Okay, these guys got it wrong. They tried to take the market down. They got it wrong They had to cover on the other side so these pivot points are really kind of Where you see these battles erupt and it does you can see it's a high volume note as well It's primarily due to this these two transactions here the buyers here and the sellers here And there's not a whole lot in here. It's just trying to get people below it or trying to get people above it here but understanding this kind of And it's it's it looks like it's a detail It's not though. It's it's really just understanding what happened at this price level Why did price break out? Okay, how it returned back to this area here And and what's going on at this area? It's an important area this 60 level here for this time frame And now the buyers are back up above it and we're looking for them to extend and reach We're looking for 65. We're looking for 70 Okay, and we're looking for 75 Any questions because we were we were covering this here understanding like these kind of Large moves like this and how it moves away from an area of consolidation This is really a key element to understand in market structure. Okay, what what makes the market move here? Who knows the answer to that? What what makes the market move? any anyone any ideas Exactly the aggressors Alan the aggressive buyers and sellers Right market buy and sell orders Now I'm just I just want to detail this out just a little bit here So that you guys because we have guests in here today Because it's it's really One thing that's really nice about book map Is it such simple data? We're not showing you anything, you know Crazy here. It's not some sort of super, you know slick indicator or anything like that. It's simply not What we're showing you here is just what happened in the market And and that's the beauty of it here. It's so simple. In fact book map was developed for ourselves For our own Algo performance to understand our algo performance. So let me zoom into the current market here Or just the recent historical market here, and I want to show you what I mean Okay, because we wanted to see our performance like what was unfolding. How is it performing? And we needed to understand. Well, what is what's going on in the market? So here's best bid and offer? Hey red lines best offer green lines the best bid Green dots are market buy orders when you hit the market buy button And that's what moves the market what Alan was just saying Okay, because they take liquidity There's the other side of the trade who's on the other side of the trade the passive limit sell orders and Passive buy orders below the market. Yeah, that's where they're in the auction That's where they're bidding and offering at specific price levels And they're and they're passive because they're waiting in the order book. They cannot technically move price What technically moves price is the market buy and sell orders? Why is that is because they take liquidity from the the best offer in this case? And if they take enough liquidity, they will sweep the order book Higher and price will move higher to the next level and will trade there And then if there's enough buyers, they'll trade through into these higher areas of liquidity and that's what makes the market move Now you can argue and I always do argue that the limit sell orders We see them move the market all the time due to their influence Okay, but technically they cannot make them move Right, but if they show massive supply or massive demand, there might not be enough buyers interested in tangling with that liquidity Like up at 70 right here, but we can gauge that Understanding do we find buyers interested in it so far? Yes, so good Okay, now we look for it though You can see sellers, you know Buyers start start start to wane a little bit now. They want to buy it maybe at a lower price here Now they're getting they're coming back up. We get a retest back up here And let's see if these buyers are interested in coming up into this 60 68 and 70 level if there's enough we'll see them Okay, look at the sellers trying to get it below 60 again here Trying they're really trying to drive it lower and if they can they can upend all of these buyers Okay, if they can't they're gonna be the ones that are gonna get upended here Okay, so again, you can see this pivot line is holding really nicely in this current market and here come our buyers now Right after you see the drop here Okay, because these guys have to cover Okay, so we trade up into 65 top of the range And not enough buyers to get up into 70 though Okay, look at the sellers once again, they're gonna try it. They're trying to get down to 55 and then maybe 51 Okay, a little more successful this time Okay, still again buyers are gonna try to upend them right above 60 here. There's buyers. There's buying interest. I like it. I'm still looking for them to trade up into Yeah, 60 67 and 70 here now. There's some insights in here. Now look here's a skew in the in the book And what do we find buyers? Okay, more more liquidity up on a higher level on the bid They're bidding up and we found buyers react to it Okay, that's another understanding of the reaction to liquidity here And that's one of the reasons why I'm looking I'm still bullish here in the in the in the move to 70 here Due to this liquidity in here. Yeah, these are some subtleties In understanding liquidity around some of these areas Okay, so one of the things here was we were finding buying interest and they weren't even really bidding up in here So buyers are still interested regardless of the order book Well, then if we see the order book come in with some interest we should find even more buyers, right? They should be It should repel them Away from these areas here and it should attract them to this liquidity at 68 and 70 Okay, so due to this kind of action within here Okay, before that liquidity came in and then after that liquidity came in I'm looking for the buyers Okay, it gives us insight for them to trade back up into these levels And we got back up to 65 That's been it so far. All right. So anyway, that's the goal here in these webinars is to You know Give give insight, you know, how you might read the the order book in different ways or use book map in different ways Within your trading strategies Okay, so you might be maybe your fib trader. I don't have any fibs to take a look at here, but let's say Let's see here above this area here Well, this is likely a fib extension of a hundred Came back up into here and then you know has sold back off to you know, the zero point basically Or 50 I should say 50 point. So You know, you'd be looking at your your fib levels, but understanding the order flow within those fib levels I'm not much of a fib trader. I I don't follow it. I used to a lot. I like measured moves, etc, but You know moved on into You know just everything basically God you could look at Your Elliott wave You could look at your candlestick patterns does not matter look at the order flow around those events to give you more insight Okay, that's where the key is gonna gonna be so we can take a look at Candlestick chart here. Let's look at maybe Five-minute candlestick chart. Okay, this is a the new new heat map here. We have which I really like You can make it transparent here Okay, so we can take a look at look at the moved guys. Just finally sellers are winning below 60 Okay, so they're gonna drive it lower. We're looking for 40 Looking for some of these swings down here in this liquidity 40 35 They've got it here. They've got control and they're moving it away on Size so I'm looking for them to move it down to 40 and 35 from this We're right around 46 47 right now So looking for that. Yeah, that move into in the 40 here looks looks pretty good pretty good here And then and then 35 after So anyway, let's take a look at some candlestick patterns And then start to understand order flow around those areas All right. Well, here's our breakout. Okay strong volume on that breakout great All right, we're looking for buyers to support it They have up until this very point right now Where sellers are now trying to break it below that area here and this is going to be below 50 Right here. All right, so we can go through a candlestick pattern of Here's you know two two Small candlesticks up here and then sellers driving it away below the low here, right? So you'd be looking for them to trade it back down to This this wick or where they where they found buyers down in here, which is the swing low Okay, so now the problem here is like, you know, you'd look for maybe a retest back up to the Where this wick is here and where they dropped it in here, right? And that's where we do our line, but we want to understand the selling around these areas here How they are able to move it lower like this And now the buyers are come backing up to retest these where where these sellers came in Here's our pullback There's 50% of your candle. There's a fib trade as well like 50% of this candle Right now what's going on around that 50% level here? Well, we're finding some some pretty strong buying in here actually not bad not bad So they're gonna try to take it probably back up to 60 So that this fib level here of 50. Well, you know up to you, but it doesn't look high probability to me I would look for a retest back to 60 here. Okay, and there it is Right. Okay, so if they can do that now, maybe they can come back up to the high Okay, and they've done that already now look at the buying in here. Look at the strong buying All right looking for 70. Okay, we got we got back up to the top of the top of the range Sorry guys, I gotta get rid of the candlestick. It's just kind of getting in the way But I think you get the idea of what we're talking about here Being able to understand the order flow around these events is Where you're gonna get the insight because candlestick patterns fail all the time Why do they fail is due to the order flow around it? I mean put our heat mat back on Yeah, this is a really nice target for the buyers here 67 and 70 So I'm looking for here's leg one and now we can talk about some pattern trades as well. Okay, so Nice, you know, it's actually a little flag pattern in here But I'm looking for a bigger flag pattern very strong move consolidation looking for a very strong move again a Back up into this liquidity here and we can look at even measured moves Okay, so here's our measured move here. We'd be looking for the next move here So this liquidity up here, maybe you know if you like measured moves here We're already into our 70 level. That's what we're looking for now. We're looking for maybe higher If you're measured move, you know Type a guy or gal. Anyway, confirm it with the order flow Hey volume profile lots of volume profile traders very popular Hey book map works great with it Hey understanding the the the the Profiles of volume And understanding high volume nodes which means value Means that most traders agree with that price level So what does it take to move price to disagree with that? Okay to disagree with this price level here You're gonna have to find a lot of people that disagree with it. I'm sorry Alexander. Yeah, we'll look at gold I'm on a rant here And it's been a bit of a review here. I mean we're seeing some great stuff here In the in the order flow, so I just kind of stuck with it, but yeah, we'll jump over But let me let me cover this on volume profile, and then we'll just take a look at some of these other markets Give me just another minute here So anyway volume profile areas okay again market structure is an important part of volume profile Okay areas of consolidation, okay high volume node in that area Breakouts, okay areas of consolidation Low volume nodes happen in these areas where it breaks out right around in here typically Why is that because it's a catastrophic break into a new level and very little trades in those little levels in there typically All right, so you get your your high volume node low volume node high volume node And if you get those trending days, you know what that looks like high volume node low volume node, and it just repeats on up Okay compared to your single distribution double distribution whatever it might be It's all the same stuff, but we want to understand within the structure when the buyers and sellers start to come in to move it away from those areas and I would also encourage you to understand some of the limitations of Some of these trading strategies Okay, like candlestick patterns or volume profile understand that this is aggregated data in the profile And that's good. It gives us insight for that structure But we want to understand what's happening here right now at the top of the structure That's what's insightful Okay, because we see strong move here And then we're back up here if we get enough buyers up here, we're gonna break it That that this profile trade or area here is not telling us anything like that And so it it has limitations understand those limitations Understand it's aggregated data All right Let's jump over crude crude oil Take a quick look Okay, I've got data from 6 a.m. Traded into high liquidity down here and here Buyers come in the same type of stuff here Alexander look at some of these pivots Okay Right here above it bounce back off try to try they try to get it below it look at the buyers come in They're gonna move it here top of the range and they break out back up into 81 20 Okay, looking great. Here's another area. They broke out from this area of consolidation Okay, and now we're back testing it here at 80 90 Yeah, Alexander really seriously like I would encourage you if it I know you've been in here for a bit And and you really like the structure like this I would encourage you to to stop looking at everything else right now And and try this see if it works for you Just look at market structure. Okay, so just pair it down and don't look Yeah, it's gonna be tempting to look at volume don't look at your heat map Just look at market structure and start to outline these structures And it's fractal like I said, you'll see structure within structure. I mean you can go it's almost endless But look at the bigger ones is is what really kind of matters here, you know here Here's where it broke out see and then it broke down again It retested but look at the strong by volume it comes in you're gonna see strong by volume on this move And then it comes back in the structure and then breaks out All right, so here's your other little structure and then new one here and then one here Okay, now what we want to understand within these structures is the volume Okay, just start really simple and let's take a look at the volume Now you can start to understand look at this false breakdown trap Pulled away buyer squeeze and Interesting enough. We don't see this is new buying coming in here They're actually getting squeezed to the downside new selling coming in down here as well There now those sellers get squeezed out here. This is a nice little squeeze here and here And here Right. So anyway start with this and start to understand the volume within these areas It'll it'll give you tremendous insight It better than a footprint or market Delta chart because they're gonna show you aggregation of that of that data of that volume data and You won't be able to see the structure and the structural nuances You'll get in way before these guys in footprint They're they're waiting for pullbacks and stuff because they don't they can't see that this the structure like this So typically you'll see it's it's really interesting to see like you'll see like buyers start to come in and move it And then you'll see that the footprint traders will get back in on the on the on the retests a lot of times Okay, because they can't see that the the relationship in here Due to the aggregation of their data Anyway, get good at this and then now add that final element and understanding the nuances of the heat map Okay, where are the buyers and sellers? Okay, what is that? What is going on in the auction here? Okay, so trading up into this high liquidity up here not enough buyers to take it higher That's gonna give you insight for a pullback to some of these areas here. Oh, yes. Let's see. You have a question Is a way to collapse just the heat map and show only panels with numerical values No, no, I mean what you could do is I I Yeah, I mean you don't have to show the heat map up here. You can you know, you can deselect it Etc. But what you can do is I just just make book map smaller like this Okay, and you can You'll still have some of the heat map in here, but you can make the columns wider Right and your heat map is very very small Something like that You wanted to open several instruments price ladder Well, no, here's here's what you can do as well now It depends on you know your your machine as well like I have many different instruments opened up here But you can double-click on them and pop them out into a new chart, okay, and then you can put these on different monitors Or wherever however you want to arrange it, you know, maybe you want to arrange it within the same You know, it's up to you Right So yeah play around with it If you want to pop that back into the tabbed version here, just close it here It'll pop back in Yeah, double left click on it or you can just drag and drop it Alexander just drag and drop it here. It'll it'll it dropped on to another monitor for me here the cues interesting one we dug pluses in here as well and you know, he he looks at the cues and High liquidity up here It just trading into it now guys. We were looking for this move earlier up into the swing high Due to this move down here, and then we saw that new buying coming in here Well, we're up here already and we're trading up into it in the cues Okay, so let's go back to our NASDAQ for just a second Alexander because this is kind of important, right? We were looking for the potential move up into this 90 area here And that has already unfolded All right, and we also have the cues We have a correlated market highly correlated market and ETF Okay, look at this strong move here as well on that buy side. We missed this as we're going over crude But is there any kind of like, you know lack of understanding of why this unfolded here? Right look at the strong move happened here. The sellers tried to drop it. They got upended. We came back up into the range This is where those buyers took control in here And then we see them nibbling away nibbling away and here's our breakout Look at that strong volume And we'd be looking for the next area 87 90 to transact And it already has now they can still go higher too. There's still this is still pretty strong market here But start to also look at your correlations. How is it relating to the cues? They get insight on that now that that that that area on the cues is really important. That was high liquidity But we might have to have a pullback here before we find new buyers So start to go through some of those scenarios understand some of those scenarios You know how how we might What would the order flow look like for it to come back down here? Okay, well high liquidity on the offer we see that And we want to see them pull on the bid and we're looking for big red dots now and here they come They're trying right. All right, so let's see if they can trade down to 80 Okay, I'd be looking for it Okay, pull back immediately No, this is gonna be a false breakdown looks like and this is another little pivot area here Below it and above it 85 Below it and above it. So now we're above it and then we find the buyers here back up into 90 buyers have it lined up actually for for 95 here and Maybe 100. Yeah, it looks good. This this is a false breakdown I wanted to see it trade down to this liquidity, but we came back up above it and we're finding our buyers anyway Let's go over also gold. We're just missing the move here. Yeah, there's 95 Beautiful stop run as well sold off immediately All right, so now we also have correlated markets though, right? So we just traded into this liquidity here transactions occurred Here it is God beautiful stop runs guys. This is what a stop run looks like Right up in the high liquidity here This is this is one event Okay, and we're gonna see a lot of stops in there. I'm gonna show that No, I want to show that without any filtering Yeah, 121 Now this is really interesting. I mean if you know that all the details are here and and why I want to cover this Let's see you watched his webinar a hundred times who is that Alexander anyway the The oh dogs. Yeah. Yeah, Doug's is great. I mean like I I love what Doug did He you know looked at really looked into the options From spot gamma and they offered a new product. I Mean it's brand new even even Brent Kachuba the the options expert Who had the idea for developing this and and made it happen? I'm looking at gamma levels in real-time real-time options, you know significant levels And that then you know Doug studied it and came up with a trading strategy Out of it and any trades it This is how you do it Right. This is this is you need to go back. You need to do your due diligence You're studying find out, you know, how to operate this thing where you can determine an edge and Then start to trade it Hey trade around it look at trade management around it All right, so understanding these markets is is is is the kind of foundation Anyway, stop run started down here this little This little order right here triggered it is crazy stuff I mean just it triggered all these stops in here someone's order got got cascaded into more stops And You know, we see the move higher here. Okay now it's it's not just Maybe this is all stops Yeah, I believe it is Yeah, this is just a massive stop run Hey the red line here at 121 and it ended here as soon as this event ended The best bid and offer updated All right, this event takes place first update takes next All right, really really It's it's just data Okay, but look at the insight. It's incredible Okay, now now you starting to understand some of those levels of where these if those are stops Those aren't new orders If it's stop loss orders All right, let's take a look at gold gold's going up Okay, in fact, you know high liquidity up here. It's been in here You know looks like the entire overnight session basically, but here's that that same pivot point right here High liquidity on the offer it trades. They trade through it come back bounce off it now They're supporting it on the bid flip of the order book basically It's not really a you know the definition of a flip, but you can see that you know offer to bid and Buyers want to buy now up here Right, so now this would be a deal is what what what buyers are saying here with their orders And they're staying in the book and transact is they think that this is a deal here Okay, then this is the low end. This is the new low end bargain of this instrument because you have your consolidation and Your breakout Polls back. This is the new area here that this a deal And then you're looking to buy they bought sellers took them on and Now we're gonna see who wins the battle if the sellers can get below this area We'll see a nice move back down into this liquidity here Alan. What would you kind of poise pose the question to you? What was the was was market I'm just curious if market structure was I'm kind of leading you with the question or what was the thing that was kind of important for you to understand For You know some of the trades that you've you've you've been taking What was kind of the light bulb? That helped you the most here What the element here to understand like with with book map and in reading the order flow Hitting hitting high liquidity levels. Okay Yeah, okay, so understanding them as like a target Yeah, that the market is a track if to see if the market is attracted to it if they are that's where they're going Would that be correct and assuming the quity moving out of the way? Yeah, okay opening up a path as well Yeah, okay. Yeah, so what then you're talking about market structure in terms of liquidity And I was gonna I was gonna lead to I would I would think that it would be market structure Understanding market structure and then the order flow around it and it kind of is but you're you're you actually taking it a step further And and what you're looking at is the Limit sell and buy orders to create that structure, which is exactly what they do Right in this case here. It's in gold. It's very simple right right here Okay, and now that they're pulling opens the window see the sellers now are they still are they are the buyers still here? No, what if we do we see if we see more sellers here on the offer? Okay, and we see red dots, which means aggressive market sell orders Well, if the reaction to the liquidity up here Let's see these guys pull and add lower and we see more sellers. Well, then this would be your target And this area down here, which was a very important area here actually get all of this activity in the bid on the offer on the bid on the offer This is a very challenging to trade this kind of area in here because you know You're looking to get insight here and but then they're pulling You know they're adding actually getting a lot of insight in here They actually stayed in the order book here. This is a big pretty big transaction here And we found we found buyers. We found the pullback here, but not enough sellers to get below it Great if we can get back up above this area here on the buy side We're looking for the top of the range and then potential move into this liquidity here Okay, it not only did that it broke out from it So anyway again starting to understand that liquidity in here very challenging in here This this gives some pretty good insight here. Now. I know that's hindsight, right? But we would make the same assumption in the live market. We do it all the time So here's our liquidity on the offer now All right, we were just talking about this Okay, what's the reaction? Well the action reaction is pretty muted, right? Actually, we're starting to find some buyers interested That's if this scenario is to break down below here. We need to see sellers And we're starting to see a little bit now, but we want to see a lot of sellers Here we go. Now it's starting. They're starting to kick in a little bit Okay, well they got first the first move they got to get down to is right here and Then we don't have liquidity there the sellers are companies. They're starting to come in now Right, so let's see if they can move it down into maybe 62 62 40 here speed on momentum understanding of vacuum. Okay. Yeah, I mean I I would I would encourage encourage you Alan and and also Alexander to Look at Some of these some of these moves here with the the moving away from areas on high volume Because that establishes new value areas and there's all sorts of pullback strategies within that as well But then and then to target where where might it go? Right, you can use measured moves if you want you can use your fibs You can use whatever you want previous areas of of swings Or liquidity. Okay, I would just encourage you to line them up with liquidity For for more insight All right, so anyway, we covered gold for you Alexander we covered a crude Let's take a quick look back at crude and see what happened here Yeah, it's just been back and forth in that area so far Yeah, you're welcome Let's let's go jump back to this Nasdaq makes me sick. It makes me like physically sick We spent time on on the the other instruments and these are kinds of moves we look for In these markets So anyway, you know, that's kind of unfortunate. We were looking for a move into a hundred First 90 here that that unfolded. We already saw that. Okay, but then look at them above Back into 100 and look at the buy volume. Look at the buy volume, right? That's the key here of understanding that context of relationship of that this strong buy volume and the liquidity and structure Okay, here's the same phenomena that we just covered. I know it's hindsight, but it's just a good example Okay, buyers come in trade into and through this liquidity. They have more buying pressure. We're looking for these areas to transact Okay, we get a pullback to where Where it broke out from even a little bit more bullish. They're up above where they broke out from in here Hey, we can get a pullback to about here 97 and still be bullish You can even go back to the point of control of this range down here and still be bullish around 95 Once you start to see a dip below that on strong selling then you're looking for it to continue Or other side of the range at least But anyway, you'd be bullish in here and you see this this liquidity on the bid supporting it Just like we were looking at I think in in gold there They're supporting it and so we'd be looking for higher highs Or at least back up to here and then they broke out Looking for another area of consolidation and then breakout consolidation breakout high high volume on the on the On the movement up Yeah, correlations another good one Alan. I love looking at the correlations Okay, looking for 150 Right. Look at the what's the order flow like an up in here? Well so far it's bullish pretty bullish like We're going sideways and we're not finding too many buyers, but we're not finding sellers to drop it So that means right now at least there's no selling interest not much There's just no buying interest right now. Yeah, that's that's basically it So this the starting to understand even some of the your flag patterns You know, it gives you a lot of insight what's going on within the volume and also the auction the order flow Actually, this could be a little false breakout here Let's see if we get sellers down here And then I would be I'd be looking for them to move it down to 120 here Yeah, here we go. Let's see if they can do that They're gonna hit it pretty hard and it's gonna be pretty fast 125 and then 120 if they can show up Let's see Thank you. Thank you, Alan Yeah, no, it's really really, you know You sent a couple of the screenshots of some of your trading activity. It was really great It's great to see and you're applying exactly what we're covering in here and those are beautiful trades It's just just beautiful All right, let's see if they sell it can drop it here We're still bullish, of course, but we're just looking for them to try to drop it down into this area here We just haven't had a really big pullback yet Is that scenario likely probably not because this is so bullish here It's a tight little range up at up at a higher level not enough sellers to come in here But I'm just looking for them to try to upend some of the buyers get us Maybe a stop run to the downside into 120 So here we go liquidity on the on the offer here. Do the buyers take them on? Not yet. Looks like they're gonna though. Yeah, they're they did Like a proud father. Yeah No, it's just really cool really cool to see and then yeah, also Alexander also really really nice You know, I watched a Doug's video about a hundred times Yeah, well, you know reach out to Doug he's in the discord chat room Chris. Yeah, it's nice having you in here, Chris. I know you it looks like you left already, but I consider posting this one on YouTube, you know, I posted this last one on YouTube and The recording was just horrible. I it was it was from go-to webinar, too So maybe I'll I'll take a look at it if it if it's good then then we'll do it But Yeah, here's our here's our drop guys now. This is a these things like are hard to you know Determine when they might happen and in fact, they're getting upended already Here's a quick move down and buyers are back up above it but we don't know when this is gonna happen when they just dump like this we were considering or and Like talking about that scenario here That you know looking for them to trade down into 120 here Just to try to you know kind of Mix things up here But they only got downed as far as this 125 Little bit lower, but these are very hard to understand when these might come in Okay, now look at the seat of the buyers back up above it yet again here. Okay. Yeah, nice move 140 and then 145 150 this this is looking good This completes that complete that flag pattern up into 150 Okay, so we're looking for that move We kind of got something and then buyers came in viciously on the other side so Yeah, looking for them to trade at 150 here. What's interesting about this move is something See here Doug, you don't you don't mind if I keep mentioning you in here. Do you if you don't like it? I won't do it Guys beautiful move beautiful beautiful move here Just just shy of 150 but still looking for it What I what I wanted to mention was that you know the correlations They're looking at the cues And and yeah, I can show you Doug's video Where he looks at and I'm kind of surprised usually when you see high liquidity like this in the cues You know, you don't you don't see them bust out from that area at least I I don't I don't see them doing it that often I haven't studied it enough But yeah, this is pretty pretty typical. They you know, you reach these targets and you'll get a pullback I would have been looking for a pullback to probably here There's 91 80 area and we didn't get anything like it Anyway, guys, let's let's wrap it up here some some nice stuff here You know covered a lot of different trading strategies and considerations But again, it's really about the order flow around Some of these areas here are very very simple things of looking at structure And then the order flow within it. Okay, the volume first off the aggressors And then what that the supply and demand how that affects How traders react to that? Okay, and and and then start to look down where price might be going next That's the the forward-looking analysis here and and the reason that we you know, we do it is like Obviously, it's very helpful if you read it, then there's a higher probability You know when we understand the order flow in those areas there's a higher probability for that scenario to unfold So, you know, you can do that with order flow It's You know, what's that what would be the right analogy here? I I'm not really sure in a game of chance or probabilities You know, you can kind of you kind of have an understanding of like like if you're playing craps or something how how the dice are rolling and You know, how many tumbles it'll take before it You know when it's starting to slow down and you know where it kind of might how it might land on an on a number So yeah, we you know, you can kind of do that in the order flow you can kind of start to understand like You know, you have a closer view into what's you know going on there and and that's where the edge comes in And order flow is an edge All right, so anyway guys, thanks for all the kind words there everybody so Have a good weekend and we will talk about more order flow and Look for more price movements on Monday. Okay. Thanks for coming everybody. Bye. Bye