 Good morning traders and welcome to the book map live webinar. This is Bruce at book map I'll be your host here for the next hour and a half Actually, I'm gonna cut it a little bit short then an hour and a half probably about an hour Anyway, and what we're gonna do is go through the order flow here an hour in book map in in the live market real-time And is forward-looking It's not hindsight analysis here and the reason we do this is we have an educational course on order flow and How to read book map? It's online. I can show you where that is here Are you on our YouTube page scroll down a little bit and then you'll see it down here under bonus materials educational course here and Watch part one and two at least Maybe all four But at least part one to get up and running and understand basic market mechanics because that's what we're gonna go through in here And we're gonna put all of this education here to the test in the live market Then we also have other traders throughout the week and day We have date J trader doing the same thing for stocks and the way that he trades It's got Balsini with futures on Thursday and the way that he trades We also have right after this webinar. We have Tom B He'll be going through volume profile in detail in the way that he trades then right after that we have Doug options with Doug he'll go through how he looks at order flow for his options strategies for stocks and futures And then after that we have the algo boys later in the day That's only on discord though. You have to come over to our discord channel and Access it there. You'll you'll find it in here Scroll down a little bit in our discord channel and you'll see it in here. So Where is it here? I'm sorry. It's right up here. I'll go boys. Okay. You'll see options with Doug here You'll see traders lab with Tom B Crypto with rain and other other traders in here streaming as well. So look for the live button And that will give you kind of a tip-off. We have all sorts of things going on Here's the live button right here, and you'll see when people are streaming. Okay. All right So let's dive in let's go through the disclosure and then jump into the markets 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 But the risk disclosure trading futures equities and digital currencies involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump in. Let's take a look These markets have been kind of all over the place and today is no different It's Monday over the weekend or last week. We had first off non-farm And that was bullish which is actually bearish for the markets Due to interest rates this whole week. We have a lot of data coming out This is always typical the first couple of weeks out of the month You'll see a lot of data come out those days and you have to be very vigilant Watching that seeing how Participants react to that and how they're forecasting that so go through and read your you know expectations forecasted numbers And what the market thinks about this? This is really important and you'll see it here in the chart Reflected all in the chart. All right. So Right now you can see that we're looking at a beautiful double bottom pattern in here that so far is playing out pretty nicely here After the 930 cash open you can see leg one and leg two now. We've covered this pattern So many times in the past we're going to talk about it in terms of order flow Okay This is where we're going to start to put our education to the test All right. So first off, let's take a look at the we'll take a look at the bigger picture in just a minute But who's in control of this market right now? Okay at this point right right right in here after the open clearly the buyers are Okay, they came in hand over fist right around 945 here and move the market and broke the swing here now Let's take a look at other time frames as well Sellers took control of this market over here. In fact, they took it here and then also here And also here Okay, see where the sellers came in the red dots are market sell orders. These are the aggressors that move the market All right, we are above these sellers already Okay, and we're above on heavy buying pressure Okay, so buyers are still they're testing these sellers right now and there's still more buying pressure So I'm looking for not only the swing up here, but maybe up to this 3920 okay where the sellers initially came in so I'm looking for these buyers to reach up into those areas just based off of basically More or less the price action here All right, and there's a big distinction here between order flow and price action Now it's not really price action That I'm looking at here, but it's a part of it. Okay, and price action and market structure Okay, so Let me guys if you have any questions over in discord just hit me up in the all markets Dash Bruce room Let me get in there Myself hold on there it is no that's not it There it is. Okay all right, so yeah, just Feel free to ask questions in there and then over on YouTube Yeah, good morning Alan and good morning Tony Aloha you are up early Tony. So all right, let's Dive deeper into this here. So where we just left off and We're talking about the Good morning, Kevson and Rob and You know who's in control of these moves in here. All right So now we just came up and spiked above our swing or right here at this swing right here That I don't know if it was this one or this one. I think this one. I was pointing to well We just came to it. Okay. Look at the buyers up there right now. All right Ah, this is where I left off. Okay on order flow and price action. What's the difference? What's the distinction here? All right, so Now we're gonna talk about yeah, I'm on the M contract Kevson I think I'm a little ahead of the game here. Let's let's take a look at the I did roll over The volume looked pretty good in here the the order flow looked pretty good and it looks It looks pretty good. Also, you know, this is we're kind of in between right now So hold on a minute here guys. Let me let me show you how this is how I do it But you can also take a look at our symbols guide here Help go to symbols That will open up this page here on our website And you can look up your your symbols in your month codes right here So, you know, we're on the quarterly contracts with the S&P e-mini So that would be either the March Or the June the M contract. All right, so the number or the letters are here that correspond to the month And then you scroll down you can see how you can put together for example rhythmic here Let's just look at the the e-mini Dow Y M and then M stands for month and then Y stands for a year So it'd be Y M and it could be H for the month or M and then three the last digit of the year Okay, and that's what that would is what you would input now You'd also have to input CBOT right and it as your exchange you have to select it as your exchange Then it will show up. Okay, so for example the ES you can see it here ES 3h Dot CME at rhythmic Okay, ES M 3 dot a CME at rhythmic. All right So anyway, if you're unfamiliar with that page, please come here. It will detail out looking up symbols for not only the futures, but Crypto markets and stocks as well All right now once you have looked up Well, how do you know that the question is how do you know which symbol or which is the current month? All right, this is where you go to CME and Look up the exchange And we'll just put in a simple search for CME volume ES Okay, and here it is right on top E many S and P 500 futures volume and open interest. All right, we'll go there Okay, and we're already in the volume tab here and you can see M is the current contract here Okay, they just updated it. They didn't do this before This is new that the CME which is which is nice But let's scroll down a little bit and let's get into the details here. We can make a better decision All right by far right now at least right now today The March contract has a lot more volume. Okay, but let's take a look at this look at also the open interest here Yeah, you can see that they're pulling open interest out of the March contract and they're adding it in here So this is your rollover period here. Okay now look at the volume here in the June contract It's about half the size of the March contract. So probably in a couple days. It will roll over All right, so and then you can the volume will roll over All right now the open interest You know it depends on the trader you are like futures trader 71 He doesn't want to trade the old open interest in the March contract. He wants to trade the June contract Even though there's less volume. I don't really care I just care about what the order flow what we can get from the order flow in here Okay, that's what matters the most to me What gives me the most insight due to the order flow in here? Typically, it is the volume. Okay, so typically I look at the the volume as as being kind of the the the leader in here And that typically gives the best order flow reading. All right, but that this M contract looks pretty good So I went with it this morning and you know, I have them both open though All right, so I hope that helps You have both open as well. Kevson. Yeah So anyway, that's a quick way to do this and look it up and you'll be surprised I mean you look up the the bonds usually they roll over quicker Then stock indexes in the currencies Typically quite a bit later in the week. All right, so something to to consider Whatever works for you. All right another note about roll over period is It can be very tricky Because the players in here and the order flow in here is different than normal They are a lot of players are rolling from one contract to the next so their behavior is different Therefore the order flow is going to look different Okay, so just note that if you if it does your strategies don't make sense during the rollover period That's telling you something All right Again mentioning FT 71. He doesn't like to trade during rollover period. He just kind of takes a break All right, at least he did in the past. I don't know if he's still doing that But you know it erodes his edge and That's what we're here for is an edge if we don't if we can't see an edge in the order flow Then that's something to consider Taking taking some time off or trading a lot lighter. All right Okay, let's see some other questions in here Yeah, yeah, we have all sorts of also data of course about the Silicon Valley Bank The collapse and also contagion Fed seems to be doing pretty good job there, but they certainly didn't do a very good job with Silicon Bank Silicon Valley Bank Anyway, yeah, we have some jitters of course in there This is Harkins back for at least for me to good old Warren Warren Buffett when the interest rates a Rise or something happens in the market you can see who's swimming naked so the Tide goes down and you find out Who's swimming naked? so, you know obviously with Very low interest rates and kind of expansionist economy at that During all these years here They're over leveraged And a run on the bank causes things like this Okay, so Anyway, there there will be probably others. They're already trying to stop the blood bloodletting Okay, so You can also look at the court board and our trader. Okay. Yeah, there you go Alan. That's another way to look for the front month Yeah, well gold gold Gold's a weird one It rolls over you have to look up the volume and open interest on that one Sometimes it's not the current month. The current month is not the month that you want to trade Sometimes it's the quarterly. It's that one's kind of odd So get to know your instruments. Okay, it's important. You'll get better fills. You'll be on top of things And instead of trading like really crummy Instruments April is the current one. Okay, there you go Alan. Yeah, it's weird gold Gold's a weird one sometimes like in November or October. It's the December contract that matters Okay, so go figure Anyway guys where we left off here Was the difference between order flow And price action and what we kind of outlined was a little bit of both But if I take off the volume dots and the heat map here, we're looking at pure price action here Okay, so it's just price movement that we're looking at we don't have anything else on this chart here We can decipher a lot from price action and market structure Take a look at this chart Okay, now we're not getting too much out of this move here It's rather equal in fact look at the slope of the line and Look at the The movement to hey pretty strong move and the slope is aggressive Okay, it means that there's not a lot of selling and back and forth. There is more buying There's not a whole it doesn't look like there's a whole lot of selling in here Hey, we don't know because we don't have the volume turned on Hey, but the this movement down you are actually I would be looking for buyers to start to come in here and support it again And they did a little bit and they did maybe a little bit in here This is where the sellers took control of this market at that time Can you see the difference in the price action? This is important Okay for your analysis and this might be different than your analysis of looking at candlesticks and indicators And other things here we can clearly see That this is where the sellers and the slope of the line And we're gonna look at and turn the volume on here to verify that they take they took control of the market at this point Hey, and certainly in here as well Okay, that's why When I saw this strong move here and we know look at the volume we have volume bars here We can see strong volume on this move to the upside Okay, and there was strong volume in all of these three moves here one two three Okay, however, we're just looking for it to test where these sellers came in control Okay in this little area here and maybe here there's little swings in here and that is exactly where it went Okay, now we're looking to see if they could take it up to here as well But they did not now we're just looking in that pure price action here This is just streaming best bid and offer To give us this insight here All right, and it's not bad Okay, now you can kind of look at it in with candlesticks It's not quite the same But you know you can kind of look at the speed of the bars or the size, you know the bars It really doesn't since it's aggregated within a period you you lose a lot You really can't see the details in here And here's what I mean. Okay, let's turn off the candle candlesticks and let's turn to the Best bid and offer on again. There's little details in here like this little consolidation here and a drop again Okay, these things really matter here because like not only did it Sellers take control here They they they came in again here and they were tested by buyers again here and buyers failed to get it higher That tells us something when we start to understand The the price action here we can start to look for moves like this to unfold Okay, now we're gonna add the volume dots on here now. This might be simple and simplistic To understand However, it is critical. It is crucial you're gonna I Think the chart tells us so much more With these just just these two elements here more than a footprint chart Because we have all of the price action here nothing is hiding a footprint chart is only gonna show you aggregated data on a bar It's gonna be a candlestick type of bar Okay, now that bar might be volume-based it might be time-based it might be a rotational based It is still aggregated data and it does not allow you like for example to see these little nuances in here Because it will be on one big bar instead all right, so Anyway, it's interesting we can see when a lot of the camp the Footprint chart traders can start to come into the market Anyway So now we have a pretty good insight here just based on the price action and now we've added the next Element here is looking at the order flow and now we're looking at at least the volume Okay, and we're starting to understand the volume within the price structure or price action All right, so here we know the buyers came in hand over fist Okay Also here is pretty good and also here is pretty good Note at the top here though. We're gonna zoom in here Note at the top up here And now I'm gonna have to delete that hold on It gets in the way. All right What do we see up here do we see like this kind of stream of of green dots market buy orders lifting this No, not really we see some in here, but not up here Okay, so we get a pullback now. We still know, you know buyers are in control We're looking for them to bounce off of this little area where they You know bot again hand over fist here Hey Well, we see sellers we didn't get enough buyers and we see the sellers pushed through So we'd be looking for it to test down to here Where it initiated and there it is there's your test right here. Okay. Now we'd be looking for buyers again All right, and we'd be looking for them to test some of these sellers that move this market lower You can see that they were already tested this little barrage of selling was already tested here Retested again now now we can look at something here if we get more selling or more buying again up here at this 8975 or 3890 area we'd be looking for them to take it back up to here All right, let's see what unfolds Okay, well they couldn't All right, so we we actually got some buying here Sellers come in here and here's the buyers reattempt to get back up here and try to get back up and test these guys up here And it's pretty paltry. They can't even make a high up here See what we're looking for up here at this point Is we'd be looking for these big green dots up here? And if we do get that we'd be looking for them to carry that market on up to This area here, and then you can also see a shoulder head and shoulder Okay, now that scenario did not unfold Okay, so what unfolded is A lack of buying up here or less buying and we got more sellers down here at the bottom edge So we look for them to test down here and then maybe take it further Okay, and they would have to kind of come down and test through this area here and Then maybe down to here where that another barrage of buying came in and move this market quickly Okay, so did they come back down there? Let's take a look. Okay, and let's take a look at other areas where they might come And maybe here maybe maybe the breakout in here kind of a zone Okay, also here Okay in this little area see the buying coming in that's what we're looking for. So are they still buying? All right, so yeah, they are buying off of this one still Okay, and now see see the buying coming in here. All right. Well, let's see them lift it now to here Okay, two thirty eight ninety Okay, I'm looking for that just based off of the price action And the volume Okay, now what then where I'm covering this in detail here is that this can work for any trading style that you use Okay, if your volume profile trader great, here's your your high volume node right here look for a test to it You know as simple as that if You know you're or maybe the edge of the profile up here Or maybe it will come and revisit this little and profile up here and build it out Okay, so Maybe we get enough if you get enough green dots in here to lift this then this would might be your target up here that 3900 the figure Right, so different scenarios to go through here now. You can see look what's happening here again Sellers down here lack of buyers. I'm looking for the sellers to take it through this area now Okay, it faith this failed here All right, so let's take a look at it again here. Okay, so Here's where the buyers came in Okay, here's where they failed up here, and this is where they're coming in here the sellers All right, so again, I'm looking for on the bottom edge here. There's some exhaustion right there right here on The buy side I'm looking for sellers here And if I get that scenario and I don't see it yet Okay, but I'm waiting for it And if I get that scenario I'm looking for them to take it not only down to the bottom edge here But through it and our next line is 67 62 Okay, so we're understanding the price action here and the volume within it now We have we we're doing a pretty good job there, but we don't know on the other side of the trade Who's taking it? Okay, so let's take a look at that And we're gonna add the heat map on here Okay, because this is the the part that we really want it I'm gonna just kind of subdue it a little bit here dim it Okay, look looking for those sellers here And looking for that move lower And yeah, it's not not a whole lot of selling but it's doing it Still looking for a lot more sellers now now we have high liquidity here at 70. Look at that See that the heat map there. I want to see them tested And there we go. So it's tested into them Test just just slightly just above them. Okay, it actually has not tested them yet Okay, but I'm again. I'm looking for it Okay, and let's see if they if there's enough selling here to trade not only into it But through it. Nope. Look at that. Look at the buyers come in Okay, so how do you manage something like this? Who knew that this was gonna happen? We don't Right just get stopped out early on or You know take a small like break even Loss or something like this with a very tight stop We're looking for this scenario start to play out. It is playing out and then look what happened in here Now we didn't have any clue that this was gonna happen in here Okay, it's 1030. I don't know maybe someone speaking or there's some news out there But look where the buyers took this and took control of this. We're gonna see some stops above here now and not yet So anyway now this everything is disrupted here Okay, and these buyers came in hand over fist right right in here right in here And we might have had a little bit of insight here that there was no selling again down here So that's one thing to consider and then you know move back into the range here All right, so Anyway, let's take a look here All right, it's gonna be like this all day long. I think But due to the rollover and lots of things going on the market here So now look at the sellers again back down here do our buyers supporting it not yet Now sellers again about a match then I'm looking for them to take it through And there there are the buyers there are the buyers Right now, we'll talk about this We're just looking at the order flow here and the context between these elements on the chart here but we will Get into like a how-to kind of filter and it's not trade recommendations But it's looking for something more specific that gives you insight here, okay, and we can do it in real time That's no problem, but it is not a trade recommendation All right, and what we're looking at We're our goal here is to Make a distinction between something that is more probable or less probable due to the behavior in the order flow All right. Look at those buyers come back in that we should get our stop run now Okay, back up to 90 Okay, there's a move to 90 All right All right, let's take a look again. All right So here's what here's worth 95 when that these these sellers came in up here And let's see if we can get a move back up to 95 and Then I I would imagine we're gonna get some people taking some profit up here at 95 If it can even get there Let's mark it up And we're just marking up structure Okay, and we can move we can mark it up this way as well here. You can see the rectangle Maybe it's a little bit better here. It's already kind of doing it There we go now. It's doing it. Okay. All right, so there we go Okay, now I'm looking to see if we get some profit taking here and some sellers Take it back down to about 90 again. There's some selling. Let's see them take it down Here we go Hey, just to the bottom of the range here Yeah, it's it's it's a The rollover can be very tricky. I mean again, we can look at like, you know behavior here also in trapped volume Okay, and and how that can help move the markets Okay, so again price structure in the order flow and again these all of these kinds of Reads here in in the order flow can can assist you in any type of Trading strategy here. So for example here, right, we're looking at This is where they came in right the buyers and we can see it, right? This notes we just see the green dots lifting it. Okay, so I'm I would look for a scenario here What if what if we can get if sellers do come in and we get below here and we see the big Red dots down here. Okay, that's what I'd be looking for this drop. Okay, Alan. Yeah, we can look at the spy Sure in compare This is something Doug and his options class does quite a bit. Okay, let's see Equal high here looking for sellers actually to see if they can come in and it's really choppy in here right now But I'd be looking for sellers here And then for them to move it back down to to our 90 level again here. There they go Let's see it sellers. You've got it now. This is what I mean by trap volume is that there's trap volume up here Hey Buyers are in control from this point on at this 8375 level here I'm looking for the sellers to come down and test in two. Well first our 90 level Hey, and then and then down to 83 and three quarters. Hey, there they are. There's 90 and Looking for them to do it do it again in here now. This is you know talking about, you know calling the market and and and looking for these moves to unfold What we want to do though is just to understand these elements in here and when we do This is when we can look for these scenarios to start to unfold and we look for these targets to be tested here That's it. It's not like, you know, any anything more than that and it can apply to like for example Let's suppose you are a volume profile trader like we talked about earlier Well, I didn't make it up to this this node up here. It actually came up to this kind of a Bit of a lower volume node here And it failed up here Okay, and we were kind of looking for it to fail up here around 95 and then a pullback to 90 and then maybe 80 83 and three quarters But it's just based on what we're reading here in the order flow Okay, and then when we start to understand that in the order flow in here starts to give you insights And that's when you have a higher probability trade And due to the order flow All right now we outline this scenario here it hasn't unfolded whatsoever, but it it might now let's see Okay, now we know what that looks like again. It would be sellers here around this 85 level here And then they got to pull it through this this area here where the buyers came in right is buyers versus sellers buyers versus sellers Exchange of hands in here between buyers and sellers Hey, let's see All right looking for sellers just to dump it right on through this here Not seeing it not yet buyers are supporting it Mad that know the hero indicator is not supported any longer within book map Yeah, here's SPY and you can see it's just really it a mess and you can see how different This this You know, this is an ETF and it's just heavily hedged in here So what you know it there's just all look at this all over the place in here Just all over the place liquidity on the offer liquidity on the bid All this back and forth in here. However, there are some this is how you can use this The order flow here or the liquidity heat map in here to your advantage Where are the majority of them? They're up here and they're still up here at 87 50 Hey, they're down here at 80 All right, so there's a lot down here at 80 they've been here for a long time 40 almost 43,000 shares here a 9,000 shares up here at 87 50 All right, and if you want to put this into your analysis as well with your ES great Okay, see it see how we got we got the move down here and the buyers did support it here right to our level Okay, and we were we were looking for something to happen here. We're looking for the sellers to try to drive it lower We didn't get sellers down here. We didn't get this You know we got a lack of sellers instead We got buyers and they took it right back up to the top of this Well where the sellers came in again same idea same concepts here Okay, and again look at the buyers coming in all right. So now can we get more buyers up here at 95? not yet Look at that this these guys are going to be trapped right in here If they cannot get higher here if the but if we cannot get buyers back into this little area in here Look for the trap to unwind and see sellers in the stop run to the downside right back down to our level here Okay, so let's uh Actually edit this and bring it across There we go Okay, I'm looking for a stop run to unfold down into here Okay, look at this the the buyers couldn't even make a higher high here They're still struggling Okay, there's some exhaustion now. Now do we get the sellers right here? Let's see Looking for them and then the quick move down here See how there's enough time to catch these in here. See you see how we noted that You know even zoomed out a bit here. Okay, there's our move. Okay, so Uh and then still looking for a seller looking for this scenario here Uh for this this big selling to come in still Now we're looking for it here though Okay, we just have to kind of move all of these over basically to here Didn't get our big stop run that we were looking for It's kind of interesting No, uh pep mbo data. Well mbo data um Is different than the mbo bundle from us Okay, mbo data is uh with rhythmic Okay, you'll need a rhythmic uh subscription All right to their data Now the mbo um what you're talking about is the uh mbo Let's go to bookmap.com here. I'll show you Okay, let's keep an eye on this price action too still looking for those sellers to come in and move this All right. Now there's liquidity here at 80 and 77 they got to trade through that If they if these guys stay in the book, uh, all right, so bookmap.com, uh, let's Go here Click on the more button and go to the marketplace and go to mbo bundle right here Okay, that'll take you here and you'll see the mbo bundle right here click on that Uh, and uh, here you go. So, um, it's monthly. It's 134 a month You see all that all the add-ons are listed here what you get We just added the the trader map pro here as well I'll demo that for you guys It's stops in icebergs for the sub chart for the on chart and the liquidity tracker Along with the trader map pro All right, and there is it's just monthly Okay Look at this look at this is where like, uh, you know again It just doesn't make too much sense to me. Yeah, we can look at it in hindsight here and say that You know, there was some selling here that I was looking for sellers to take it down to 80 and 77 Lack of sellers here and the buyers came in back to the top of the range here But again, this is just kind of weird action You know, maybe it's due to the rollover period Okay, I don't know, uh, but all I know is like usually I'm looking for that move to unfold and Now one of the things though to consider in here for your trade management On something like this is to what You know have a very tight stop on it Like we're looking for this to work due to Our scenario that we outlined And that it should move away from the this this value area up here and it should move away on pretty high volume Okay, and pretty quickly too It did not and instead we get buyers coming back in Back up to the top of the range Okay, so it looks like they want to trade to the figure here at 3,900 and here we go Let's see if they can do it on this rotation Yeah, see the buying mount. I'm looking for them those buyers to now move it up to 3,900 Now, I know that's only like five point move. It's nice. It's kind of it's not bad. Um in the s&p Uh, but um, uh, let's see A little more buying up here and we should get the push Okay, there we go now buyers Should be able to hit it There we go All right So what we just kind of looked at here was a a weak top Hey, here's your weak top Hey, you you profile traders and know exactly what this is all about Uh, however, you know your volume profile in here We got to go through um And understand what exactly this this is Uh, and what it's made of one thing that's a real disadvantage with volume profile Is that this is just aggregated data within this period right in here All it does is the profile just adds it up horizontally That's it And it puts it in here What we want to understand is this area in here Okay, because a lot of times you might have a top edge that that um, it's weak But it's the order flow right in here that you want to add into this weak top trade setup Okay, because what if what if we had big selling down here? Lack of buying up here and we came back down and see sellers here this weak top is going to fail And it's going to fail really nicely Is it not only is it going to come back down and test the bottom of the range Uh, we might get a move into the you know lower levels down here, for example Okay, but we didn't get that scenario. We got more buying up here More buying in here. That's why we're looking for a 3900 the figure to trade Okay, so this add this into your weak top setup Uh, and you'll have a much higher probability outcome most likely Oh, yeah, these markets are just they're really all over. Look at this This move down here to this liquidity and move right back up And above the figure now Or i'm sorry right at it And you can see the battle raging here at the figure You just stay away during these periods. Yeah. Yeah. Well, I mean we're demoing some stuff in here I know it's a little bit of hindsight. We did call this in real time though and I you know It's it's not about calling it in real time. It's about demoing Something more likely to unfold due to the order flow That's the education so you can trust it Right, so now you can you can lean on that you need to go back and study this so you're you're weak top Study this Right, so for example, this volume up in here was this strong volume that moved it up here to begin with That'll add to the probability again with more buyers up here and here No sellers in here buyers in here. Yes, we're looking for the move Okay So other times what will happen in here is like it does and we see it a lot You might get these buyers in here like this Okay, and then what happens is uh here and let me just move forward The scenario that unfolds is more like this The sellers come in They'll go to the bottom of the range in here spike below it And then you see strong buying come in and they come right back up here And then maybe it does a little bit of a pullback and then you get the move back up This will shake out all sorts of traders stop them out Okay, and it comes back up here back to where that buying was where that auction took place and extends the price action further To the upside you get that exploration to the upside Okay, these are really really simple ideas Uh, but very powerful Okay, uh, or maybe you get the fail in here And uh, you don't get this we mentioned that what it looks like when it fails Okay, and that scenario and that scenario would be more like this it does this move here Comes back up and retests where it dropped from And then we get this move here Something like that Okay, and you look for the volume and the heat map to help you out In this case the heat map helped you out as a target and went right to it It and you know these larger players that were up here at 3900 got what they wanted They are short at that here at that point Okay, so Let's move back here Captain price. Wow lots of energy this morning. Um, let's see here another question Um, well looking at correlated markets, um Nirav like uh, yeah, you you you'll have to uh to take a look at that And study it, but uh, typically the ones we're looking at is the nq versus the es But we've had the the ym nq the rustle You know them them all up, uh, plus, you know the euro dollar look at kind of a A bit of a dollar index Uh proxy Okay So, uh, yeah, this is something to to look at and to study So, uh, for example, uh, once you start to understand that let me show you the, um Volume, uh I'm sorry the market pulse tool that we have Okay So, uh, uh, that that can really be helpful here Okay, guys, look at this market. It's just um really really choppy all over the place. Um back down into here again Uh, and I'm seeing a lot of sellers yet again. Okay I'm looking for them to try to to to bring it right back down into this, uh 73 or yeah 73 74 area here, uh, and maybe potentially through it Okay, look at the selling pressure guys Looks good And now they traded into this 80 here How about the s or the spy? Yeah spy kind of they got up into this, uh 86 and a half. It didn't get up to the 87 50 Okay, but uh sellers starting to come in Yeah, kevson. I think you're probably right like even that weak top there. Um That did unfold for this move here During a rollover period like Yeah, it's just um It's up to you. It's something to you know, if you get burned a bunch of times like, um Uh, then maybe just uh It's not worth trading, you know I don't know I don't know how I think about it sometimes. I've seen some just perfect setups and they've worked out just great Uh Other times I've seen some really good setups and they just don't work out whatsoever And it just leaves me, you know scratching my head Uh, and that that's where I'm like, okay. Yeah, maybe I'm just going to take the rest of the day off Um, but uh, yeah Yeah, it that that's unnerving, uh when you you did everything right, um, and you didn't even get You know a half Halfway move or like even a bounce or something, you know, that's where it's kind of uh You know disappointing, uh That uh not even like something in your direction. Uh, it just moved the other way Like this here like look at these buyers come streaming back in Like who would who would guess that? I mean, I okay. Yeah, I'd trade it into this liquidity down here Uh, but uh look at them come streaming back in and just blasting through these areas in here Okay, a little bit of a bounce in here not much Through it and then through also these little areas in here where the sellers came in And it went right through it All right, and is it on really really high volume? It's not not bad It's not bad, but it's uh, you know, I we see the sellers in here and we see the sellers in here Looks pretty good Uh, we didn't take a look at the bigger picture yet. Let's let's do that. Um, and this always helps guys like, uh Um, in fact, we should start the the sessions off I always want to jump in the order flow immediately And look for something immediately Before looking at the bigger picture or covering it in here at least Because a lot of times right when we start we see some some good stuff Okay, so here's the daily on the left hand chart and you can see it's just a really big kind of doji at the moment With a bit of a sell Slant to it Look where it traded back down and on the day on the daily. We can add more bars in here Yeah, it traded we've been looking at this zone. We talked about it Back up in here when we started to move away from these areas in here Uh, a move down to here and a bounce Hey, it was a little bit higher and then a move down to here and and a bounce Okay, and we're getting that bounce here today Okay, we did get the move down here All right, so Anyway, let's let's take a look at the the price action in these candles in here on the daily Well, pretty strong move to the downside Not a strong move to the upside And again another pretty strong move to the downside Okay, so maybe a bounce back up to you know, this area or maybe this area here Okay, you're 39 40 or 77 level And then maybe a roll back down not only to here, but maybe through it down into these levels here I don't know That would be a scenario to unfold potentially But the important part is to You know put this within your your your plan here like uh On the on the higher time frames. I like to look at The fundamentals was the data was the reaction to the data Uh, you know, what are people speculate speculate on the interest rates? And what might the fed do? Hey, there's a hole. I mean the the markets are very very sensitive to that right now Yeah, jack, uh roll over days are historically dangerous. Um Yeah, yeah, yeah, good morning. Um, yeah, absolutely Uh, that it's unnerving when it when it just does things that makes your scratch your head and like, you know, you had everything right um and That you know, that's just the condition and you just have to answer that question for yourself if you want to or not trade during that time So anyway, we're coming back up on the hourly here in the middle Okay, and then the 15 minute on the uh on the right Actually, it looks looks pretty good for the 15 minute to try to trade up into this wick here We're up here already twice now and we're still seeing buying pressure So due to the the kind of price action in here I would look for them to try to take it up into this 87 level here It is 87. See that that's the old contract. Um So, uh Let's see here 87 so it's about seven points away or so All right, so We're at 12. So I don't know somewhere up in here around 25. I guess High of the day basically Yeah So that's what that's what we see at the moment Yeah, Alan what you're talking about in in your correlation with the the cues that the in the futures That's something to look into And see if you can get an edge out of it All right, then look at the order flow to support that that concept That idea It's really pretty simple when you when you think about it Um, all right, so we can even look at now kind of a bit of hindsight in here Uh, but we we started this webinar off By looking at and I'm just going to delete all of these for right now Okay, we started this webinar off talking about price action And no noticing who's in control in certain areas by the slope of the line Uh and the volume within it Okay, so now now we're bringing in the order flow part Okay, now we're going to also look at where buyers and sellers are meeting With the limit buy and sell orders Okay, now we can see That well, we talked about this one here and this one here All right, then we talked about this one up here, which we have not gotten to yet Okay, that would be the next one and then we said even the high of the day here 25 All right, so uh and now we know on this side. This is like a big flag pattern in here Okay buyers Still strong Still strong. I'm looking for them to test up into these areas here Okay, we were looking for the failure in some of these areas either here or here Okay in the order flow We know we know the buyers are still in control here. So we're looking for that move up higher And there there it's unfolding already Okay So see how much easier it is once you start to kind of look at the bigger picture and go with the order flow At least this move is right now look at this see the selling up there. That's not really what we want to see All right, we want to see more buyers up in here And so let's take a look and zoom out again Okay, is it going to fail or break above this right now? It looks like it's going to fail Okay, it's already tested it and we're not seeing buyers up there Okay, that's going to be a lot of profit taking initially But we need to see if there's new sellers coming in now too. We got a stop run here Wow, we got a lot of iceberg buying here as well. That's kind of interesting Uh go back to our bigger picture Okay, so we're looking for the move up into test into 87 So he's gone already higher up into 94 up here 96 Okay back to 3,900 now, you know, this is for the uh The h contract Okay, the the m contract. We're already there I mean, uh, we're not, um I'm sorry. So it's just it's a different price a different price level Uh wall street sark so support and resistance. Um, yeah, I mean I you can call it that That's all it's about I I think it's it's too general To say I'm not going to argue if it's support and resistance or supply and demand whatever like yeah It whatever you want to call it. Um, I like to call it what it is It's really supply and demand And that kind of meshes well with like economics 101 But, um, uh Anyway, what matters though is very much like this top top edge that we, um, uh, talked about Here, uh, is the order flow at these levels That's what matters If it's going to be a top, um, god, where was it? Oh, we're taught we talked about it Where was it? It was this move in here. Yeah Okay, you can call it support support and resistance. I'm fine with that whatever Uh, I really don't care. Uh, I just care about the order flow at at at these important levels Uh, that's what gives an edge Hey, because we can really see the behavior here I do care I'm a very caring person All right, so let's see, um You think it's because I'm selling software and and my definition is because I'm selling software. That's that's that's funny Um Yeah, that's not the case You say tomato. I say tomato. That's that's what the what's the argument here Okay And I don't I don't think either is right or wrong Uh enough said really, um Okay, well it irked you that's for sure. That's fine. I don't care If hey, look if you don't like it wall street shark You you can leave Feel free. I mean I'm just trying to provide insight here Uh, this software does offer insight Uh that you cannot get from others and how to read it If you don't like it if it doesn't help you then, you know, that that's that's that's up to you Uh, but I'm just trying to help people read it Better I really do think that I I firmly believe in it that this will provide an edge at specific levels Here Yeah Just because like you can really dig into the details here So, you know, if you like, you know, you want to you want to define like a flag pattern Or it failing or a candlestick pattern and it failing. Um, you know, it's just brilliant here Um, so let me show you like for example here. This is is this one minute Yeah, this is a one minute candlestick chart. Okay. I mean here look at the buyers come in Okay, moved it higher. They're being tested down here. Do we get some support? And the just candlesticks right now Yeah, a little bit. I mean, I see I see, you know, if we get by now now what I'm looking for In this candlestick pattern is if do I get buyers up here? If I do they should come back up here and test this and there they go Right and there was enough time to capture that too Right now I would I would definitely in the way I look at it here It did the move I was looking for and I would get out One at least one contract there I don't know if this is going to turn into a flag pattern and test back up to the high of the day here Okay, but I I was looking for it due to candlestick Uh Reading in here. Okay, and and um The candlestick concepts and and how to understand order flow within them But then really read the order flow within it To give us insight and there is there's a good example right, you know in real time Okay, and that that's what's what's beautiful about What we're what we can read in here is we can read it in real time It's just the data is here. It's telling us that okay You know, we saw a wick down here. We see some buyers in in here We do see some here getting filled on the bid in here So we've got some ideas Of what to what might support this rejection here and to trade back into the top of this range here as simple as that And it unfolded. Okay, so that was nice And and then we mentioned up here as well like like it was we're just looking forward to trade up to here Due to this order flow in here Okay, and you can see we're already right back down Okay, so it tested up here and it's now your candlesticks you'd be looking at. Well, it it's failing at the top of this range here Okay Yeah, I mean, we're we're not going to trade. Um I mean it's been requested forever to trade live. Um, and we started to uh a bit but like, um uh and j trader and and um And and scott pulsini uh were for a while it was it's always in demo Uh so that you guys can you know understand How because it's their specific way of trading I'm covering all sorts of different ways of trading uh and So you can you can weave that into anything basically We are a platform Okay, I'm not I'm not an educator for my specific way of trading Okay, we're a platform it would be uh irresponsible to to cover that Uh and to uh, uh, just go. Oh, yeah, here's here's how you trade book map Now Yeah, we're we're we are the um The tool here, uh or the car That that you're you're formula one car or whatever it is. Uh, so We're we're covering like where's the steering wheel is And what the where's the brake pedal? How do you work the brake pedal now? Let's get on the course Uh and talk about like how you can consider taking a corner Okay, or an artist, uh You know each driver well each driver is going to be different with the way that they do it Okay, uh or an artist with a tool Chisel or hammer or whatever Yeah, yeah, I mean this is a platform Yeah, exactly So um and and that's uh, we're going to go through our strengths as we just have demoed here in real time Yeah, I don't know what's irking you, uh, wall street shark, but definitely something um Anyway, uh, just hope that you get something from the platform Yeah rally mode, right? Yep. Here we go Back up to the highs here Uh tesla. Yeah, we can take a look at tesla Uh, there is a free version of uh of book map Uh, so if you guys want to take a look at that, uh, it is Let me show you First off there's book map web Okay, uh, uh Hold on a minute. Let me find it a better version Maybe it changed. Um, so so anyway, uh, yeah, here's the book map web version. Okay, uh, this is for one cryptocurrency All right now unless you log in you can get access to a lot more Uh, all you have to do is sign up with your email And uh, you can get get access to this here. Uh, it'll it'll show you You know quite quite a bit in here There's also, um The uh, uh free version of book map, uh, that uh, let me show you that as well Hold on Okay, so if you go to book map dot com Uh, and then go to pricing Uh, here's the digital free version here. This will allow you access to one cryptocurrency for free Uh, and then, um Uh, it will offer delayed data to stocks and futures So this free version here will give you a good overview of what book map is all about Okay, so, uh, if you like it, uh, and uh, you want to trade futures and stocks or use this Then you'll need to go with a global or global plus version For stocks and futures if you want more crypto access you go with the digital plus version here Okay This is yearly here. Here's your monthly options and here's your lifetime options here All right, so you got that Uh, and Let's see Okay, so yeah, we just traded up to our our high of the day here. Uh, let's take a look at our candlesticks in here Okay, so yeah, I mean even even this candlestick pattern here, which is not a bad one here I mean here's look at this kind of shadowing or whatever you call it here Um It's it's failing right now However Due to this candlestick pattern in here. This is what we're looking for is down here We got it. We got to look for our our red dots Okay, it's retesting back up into here right now Okay, so where these sellers came in where they took control and moved this back down All right, so, uh, uh, let's see what unfolds up here We might get buyers up here and if we do we're coming right back up to the top of the range here All right, so I'm actually I'm still kind of looking for these um, we've we've tested now Boy, it's still green Uh, maybe it wants to come up back up into this kind of 94 ish area up here this swing up here But yeah, I'm I'm still kind of looking for this I'm looking for sellers down here and I just don't see them right now Uh, but um, uh, let's see if we get some rejection up here No, no rejection Thanks, David. Um, okay. Well, um Uh, wall street shark if if uh, you're a really experienced trader I mean, do you find this useful? And then you can just if you do you you don't have to come here I mean you can just trade on your own I'm here to support the the people that are are new to book map Uh, and then like like I said what we what we've done with our education here Is we have an educational course And um You know, we we want to here. Let me show you scroll down a bit here And here and now this is this is very objective information in here To go over how these markets work and market mechanics And in fact, it's kind of rare to find this kind of education. I I feel I I haven't seen it Uh and to understand really what moves price and the relationship between orders Uh and transactions And start to understand really what moves the market and what the market is made of And then we have we have these webinars to go over this information in the live market Now on top of that, uh, as you can see from our youtube channel, hold on Hold on Where is it? That's not it. Um If I go back to our youtube channel Okay, uh, you can see here. Here's tom b Lined up next. Uh, he'll he'll start in about 10 minutes and then we have options with dug Okay, so, uh, maybe, uh, you know as a professional trader, maybe you Maybe your volume profile trader or if you're not maybe you want to watch Uh and and get something out of this here Uh, maybe it helps, um, you know strengthen your edge If you're, uh, an options trader, um, or not or you want to get involved with options, then watch options options with dug But yeah, I think, um Give it a shot and see at least, uh, and maybe it helps you, uh, then, um Uh, let's see what else? Yeah, I mean, that's it. I mean like our discord channel, uh, as well Uh, we have, um, you know all sorts of, uh traders in there All right, so here's our failure. Okay Up here at the top edge Okay, now again, again, we got to see sellers here. Just it here's just look at the bottom edge of the candles here Hey, we're not getting them. It's you know, they're not coming in We're not getting a whole lot of buyers either Right, so I don't really see an edge here Uh, basically Okay, so, you know, I'm not You know, I don't think the order flow here is is telling us too much at the moment Okay, we also have the european close here in about 10 minutes Yeah, jtt a dug is dug is excellent. You highly recommend watching dug. I know it's such a simple, uh, and Uh, understandable, um strategy that he's looking at, uh, and um Yeah, I love it And then he's just looking for order flow around, uh, certain times that support his, um Um His outlook there, you know, if it shows up then, you know, he's got something Boy buyers just can't stay away. Look at this Back up into the liquidity here at 30. Oh, you're right guys. I got the european close all wrong I'm sorry about that. Uh, we have the time frame time shift difference here in the in the us Yep. Yeah, we got another hour, uh for, um For action here Yep Yeah, so we got a couple weeks until like, uh, uh, you know, london close, uh, we'll switch over, right Yeah, this I mean even looking at just looking at the candlesticks in here and the order flow I'm not getting much out of this little range in here at all Not yet I like this I see sellers at the bottom edge here. So I think they can trade down to here at 20 Okay, and if we get enough at 20, I think they can trade back down into Our wicks down here Okay at 16 Uh, thanks matt Yeah Yeah, we're happy to to offer, uh You know as much education, you know, like good quality education, uh as we can There's our move into 16. Okay. So, uh, and again, if that selling can really pick up down here I'm just looking for it to continue Uh back down into here And this kind of oh Eight or seven level something like that Uh, and then even even 3900 uh down here Okay, just I wanted to demo the the candlesticks for you guys so so that Just go through a different way. You know looking at I mean most people are we're all accustomed to looking at candles Um, and maybe maybe a trade candlestick patterns or just, you know patterns in general Um Or maybe you're just looking at your horizontal or diagonal levels Or you're looking at volume profile And we talked about like, you know different patterns flags head and shoulders double bottoms, etc Okay, again, it's the order flow within it that makes the difference. In fact, this isn't bad up here Like uh here you see now, this is of course hindsight at this point, but uh Some selling in here, but traded up into high liquidity here at 30 Could not get back higher sellers here Great look for them to test here and then maybe they can break it and chest down to here Then you guys can also put in together and there's reasons for this like, you know, put together your measured moves in here So your measured move would be something like this It did better than that But you'd be looking forward to trade back down into the about here, I guess I like the wicks uh instead down here But um, anyway, just some some ideas Uh, if you continue to see that selling come in Yeah, here's another idea. Um You know here you see the wick, right? Uh, so back to the middle of the range just point of control right now Is what I would look for of this little range in here And it's actually kind of through it already Yeah, it's kind of through it already. So more let's see if we can get more sellers here now Look, you can see some volatility coming in here And this is going to be kind of a critical area here Right. No, someone does not want it to go below this this area here. They're fighting it buyers are just fighting it And just bullied the the market there Hey guys, well, let me let me uh, so we had our pro trader webinar last week I want to go through just the schedule For the rest of the week here because we have a lot of events coming up. Um, I think you'll be very interested in We've added some new streamers in here Um, so uh, we had a last week. We had the pro trader webinar series Uh, and we had um Some new ones in here. We had john slasas Uh, and uh, well, we had falstow john slasas um Scott j trader, uh, and the algo boys, uh as new as well here. Okay, so Um upcoming, um events that we have So john slasas is going to be weekly He's a cryptocurrency trader now if you guys might know him in the industry, uh, he's been a trading forever, uh In 35 years or so his father I think was on the floor. Uh, he's been trading futures He lives in chicago area He's been trading for for a long long time J. S. Services. He's he totally Bit the bug of crypto believes in it, uh, and uh, you still I believe he still trades futures and options, but uh, You know, it is very rare to find a cryptocurrency trader with a lot of experience So you might want to tune into that on tuesdays at 1 p.m Every tuesday, uh, and then we have another, um A veteran trader in here. Uh, you guys can if you know, there was kind of, uh, um, what was it, uh, wall street shark was saying that You know not Not being able to know if they're I don't know whatever like a professional traders and not these are veterans here. Um Uh tom as well, uh, you know, um Jay trader, uh as well and also scott pulsini. I mean these these these traders have been in the industry long long time Uh, and gary as well. He was in the pits. Um at the life exchange And uh, and then he's a dome trader. Okay, so and a very interesting he did a dome Webinar for us, uh a week or no two weeks ago here. Here it is here Mastering the dome is a series that he's doing mastering the dome. Uh, and it was about the origins of the dome Okay, and he talked all about that. Uh, and then what he's going to talk about, uh, this upcoming Um, Wednesday is On the order flow trading the dome all right, so You know, we're really lucky to have, uh traders like this. Okay, so Uh, and uh, yeah, he's doing the series. He's going to be every other week for for a bit Uh going over the dome and how to trade that And he's looking for something very specific. I you might want to watch the, um Origins of the dome again, uh, and then um You'll be prepared for the next one coming up Also, john slossos. He had the pro trader webinar last week Here so, uh, that might Be a nice foundation for you to watch this one here All right, so guys if you like this kind of education Please hit the like button that always helps us out. Uh, we want to continue to, um, add More and more like quality here That's our goal. Uh, so that it it can be helpful. We're not trying to You know take you in a in the wrong direction here whatsoever Um I it wall street uh sharky you can reach out to them on that but I mean they've been trading for quite a while Okay, and and um, yeah Um, okay, so if I can prove that these lines are not simply magical. No, I mean, I'm I'm not Um, and we don't and boy, we don't know Like uh, we do know though that there's high liquidity here and we do know there's high liquidity here And we also know that they they traded here Okay, but there was still more buying pressure. So price went higher However, there was not enough buying pressure to trade up in this 39 35 Right that that this is what we know So we see the sellers come in Okay, so is there still more buying pressure? Can they trade back up to this liquidity here and make this make these transactions? That's what we're looking for and that's what we want to understand uh, so um Anyway, we talked to we started off this webinar talking about price action and order flow and then bringing that into many many styles of trading and then covering also as well like uh, uh, the um Other other traders in here and their methods of trading. Okay, so You know, that's Kind of where we're coming from if you like it. Yeah, please hit the like button that like I said that that helps us cover more of this kind of education No, I I always want to be objective in here. Um a coop I I you guys are very supportive. I I appreciate it. Uh, not to be deterred or distracted by others Just trying to explain And it helps also. I think it helps me kind of redefine what our goals are and what we're doing here um, and um You know trying to provide a quality quality service here Uh, and yeah, if it if it's not for you that that's that's fine I mean like boy to but I I would I would never kind of dig my feet in the sand and say like You know here here's resistance up here and it's not gonna break through Um, I don't know I'm looking at the context Uh, you know, I I I know what happened in here in the behavior And I know that they didn't trade up here. I don't see lots of buyers up here, but I do see sellers come in here Right, so okay So maybe we can get a pull back and get more selling again And maybe they can trade back down into these lower wicks down here Okay, or maybe the target is just this liquidity right here. Okay Who cares about the wicks the wicks are meaningless. It's about the transactions This is about the the the players behavior in here And where these this Transaction will take place between buyers and sellers Okay, and what's that context? That's what we're looking for In here. Thanks everybody Tom B is already started. You can Shift over to his webinar and then as jtt had mentioned there You might want to check out dugs some really good stuff in there on options with dug at Uh, 1 30 p.m. East coast time. All right. Yeah, thanks everybody. Uh, excellent. Thanks for all the support in here Really appreciate it. Uh, we I I'm scheduled for tomorrow. I might not be able to uh Hold the webinar tomorrow. Uh, you'll you'll see though in the youtube and our calendar Uh, might have to cancel it for tomorrow just to let you know. All right Okay, have a good day everybody and we will catch up with you Either tomorrow or on wednesday then All right, okay. All right. Thanks everybody. Oh, thank you. Wall Street shark. Have a good day everyone. Bye. Bye