 Many traders and welcome to the book map all markets webinar here. This is Bruce at book map, and I'll take you through the Whatever markets you want to look at and we'll cover the order flow and what book map is showing and looking for Advantages or we'll cover, you know something in the market that Is very difficult to see not using book map And that's what our goal is here is to provide you some sort of edge by the data visualization of this software And make it very very objective. All right, so let's jump in and oh, sorry. I need to first go through the What is it the Disclosures and disclaimers so anyway Monday Tuesday and Friday at 10 a.m. That's when I'm on On Wednesday and Thursday. We have J trader and scoppelsini at 10 a.m. So Show up for those and you can reach out to me at book map Bruce had book map on our discord channel or at flow order on Twitter 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 involve substantial risk of loss and is not suitable for all investors Passful forms is not necessarily indicative of future results. All right. Let's move on Let's take a look at these markets here And whatever it is you guys want to look at. Good morning, Tony aloha and Yeah, so Interesting day. It's Friday, of course and Yeah, let's just jump in here. So we had the non-farm today You can see it here at 8 30 they knocked it out of the park way better than expectations And you can see the initial knee-jerk reaction to the downside And then bullish activity to the upside This is very very typical and this is an edge right here in book map Is being able to show that as you can see as the event approaches look at how the liquidity dries up now This is of course one of the most important Data economic data events in the market So but look at the relationship here in the context of the liquidity and the price action and and also the transactions so you get volatility when there is a Lot of act activity or transactions and a lack of liquidity Right, and where did it go though? It came back funny enough It came back down into these areas here where they were providing the quity and they did not want to go See how this guy stayed in the order book down here or these traders stayed in the order book here Never traded down there though So it traded back up and look where it went to this would be the first area And even though they weren't in the book look look at this area here It stopped there went back and forth and then it came back up into this area here So what I'm trying to get at here is understanding the order book Is going to give you some sort of? map here to where price might go It just has to be this way because this is where you see buyers and sellers Providing liquidity in the order book. These are limit sell orders up here These are limit buy down here And now you can see that the limit buy orders they stepped up and they start provide liquidity up here Okay, a lot of sellers in here and look what happens here. We trade into that area here We bounce back out of it. We trade back up to this liquidity up here All right, let's just zoom out more and then all of a sudden here at 930 cash open look what happens everything changes we see that the buyers come in hand over fist and move on up into almost this 4275 area here, but it traded into and through all that liquidity in here in the order book Okay, almost up to this area here lots of liquidity though. There's a lot going on up here and you can see that Boy, this is really interesting stuff. All right, so you can see that the sellers did come in And then they came in hand over fist and traded it back down to This this little area here or at the figure 42 50 Okay, and we've bounced since the markets all over the place here All right, so it's moving up. It's moving back down Now what we're gonna look at in book map and we'll cover this in a minute here But I want to look at the bigger picture first is Understanding these moves in here and the volume behind it And you can see we're gonna outline these areas in here and you can see like where Who's in control from this time frame onward and who's in control from this time frame onward? Okay, we can look at the the volume in the in the dots in the movement here And we can also look at the Delta bars down here. So we know that there's more sellers Moving this market in these time frames now All right, so we can we're coming back up here now. Look at this here. This is really interesting Lots of selling We're back up here on it almost a hundred percent pullback And do you see a lot of buyers here? No right, so Then this is lower volume and You're gonna see divergence in CBD here. Okay pretty pretty massive. I imagine And there it is. Okay, look at this move down on CBD and then it flat lines here even though it moved all the way back up All right, so what are you looking for here? right, what would you be looking for in in in the The scenario here that will go we'll go over in just a minute. I'll pause there. I'll let you guys put your Good morning from Malaysia. All right So what I'm gonna pause here and I'll let you put in What you think is gonna happen up here? We're gonna go through the scenario in a minute two different scenarios And what you might be looking for All right Now before we do that though, let's jump back here and look at our higher time frame This is really important here And we're just gonna outline very simple candlesticks on the daily hourly and the 15 minute chart over here on the Right-hand side. Okay the daily on the left here Well, let's take a look at that. We've been looking at this price action and we were you know astounded to see that The bulls came in here moved it back up into these areas here It broke out some days ago and we covered this the breakout was not sustainable though It came back in we're looking for a gap fill that day. It came back down I guess it filled the gap and then closed And then the next day you see them move back down and retest into this area The buyers came in yesterday and here's our breakout and move to the upside. Okay, so This is getting interesting here and Yeah, you know, are we going to continue well, it's an outside day right now Okay, so yeah, we're bullish here In this on this daily chart. In fact, let's look at even a weekly chart here Okay, here's our our breakout on the weekly chart All right, and we're bullish here And now this this chart is gonna or this candle is going to finish today Where's it gonna close today? Where might it close? Well, maybe up here 4285 or maybe the swing up in here. That's a 43 21 Okay, so, you know, maybe 4300 You know, we don't know but we do know that it broke out of this range And it broke out on high volume And you can see it down here already in in this weekly chart here All right, so what we look for the continuation Now let's be careful about that though on the different time frames So for example on the hourly looks pretty good, too Let's zoom in a little bit closer here All right We have a gap here as you guys can see in the gap up And yeah, here we go on the hourly like we had the retest back down here. Never filled this gap Okay, the gap would be actually completely filled down here around 42 28 or 29 something like that And now you can see the momentum coming back in on the buy side here. Okay 15 minute chart same same concept or Same ideas here. It just kind of went below the open here 4250 just a little bit below it and then back up All right, so on this chart and on this chart as well as the daily We're actually looking for it to come back up to the highs here. Maybe around 42 70 or so Okay, on these three time frames. Okay, the weekly as well But let's look at this here in book map And we're gonna go through the details in here and we're gonna really be able to understand what's going on here All right, so a couple of the different scenarios in here The number one scenario Let's see what if anyone came in here pullbacks Soon low volume pullback. Yeah, I was looking for that, too Abby so That's scenario number one because there's not interest in buying here Okay, so we would look for sellers to come in they did and they brought it back down into this area here Okay, I would like to see them actually bring it back down into maybe here. We didn't get it They this is where the the buyers are, you know on the smaller timeframe the buyers are coming in, right? And we can see that it right basically brought it Price was brought down to the point of control of this little range in here this little range Okay, it's gonna be right there in the middle and and now we see buyers coming in again. All right, so This is the setup though on these time frames One scenario number one is we look for the sellers to come in and start moving that lower. They did and Then they they puttered out here and then we see buying back up above this area here All right, so this was actually scenario number two. Let's if we can just take this out of the Out of the picture here what this would look like the scenario number two would be like we would look for These buyers to come in up here right in this area here Okay, and to start moving this higher on big green dots What we got instead was a move lower and then the move back higher and then this is kind of our important pivot point here at 4261 you can see it bounced off of that and we got more buyers going higher yet again Okay, so it kind of did both scenarios in fact so You know this these are the two that we look for in this area in here and it actually did both of them Just one happened after the other here now one of the things to be careful about in the primary scenario on the low volume pullback because Abbie you nailed it you were spot on and the The the thing to be careful about even on a low volume pullback is This area up here because the low volume pullback Although there's not much buy volume in here compared to look at all that selling look at all this you know strong move in here Right. There is a lot more Selling than there is buying look at CVD still right so Yeah, it looks looks pretty good for that low volume pullback The problem is on a low volume pullback like this or the scenario to look out for And reduce your risk on these In these areas in here is that price retrace back up here if We get lots of buyers in here It doesn't matter if it's a low volume pullback or not Okay, and that's what you really have to be careful for because once you start to see these buyers come in like this it You know that low volume pullback. It really doesn't matter. We're looking for volume above this area here And then if it can happen then the bot the buyers can move this away from this area pretty quickly All right Hope that makes sense And it's a way to look into this and reduce risk along the way because right now We're going higher. We're looking for 70 And back up into maybe test first would be up here. Well, it's doing this swing here but we're looking for it to continue on and We see that yeah a lot of sellers in here But the buyers have come in and are back up above these areas here. All right, so we're looking for 70 and then maybe 74 75 highs of the day here All right, so Just because we're above that area here at 61 All right, yeah made a higher high here and We see a pullback already, but this is This is not the easiest read in here You know, this is kind of all over the place that we see the buyers coming in here We see pretty pretty heavy selling in here. Let me get let me take CBD off And look at stops and icebergs Okay, and then we do see buying in here come right back in Okay, so yeah, it's it's a little more convoluted in here So look look down at the bars and look at the the dots and and where that the Big volume is transacting. So This is, you know, not giving us too much clarity in here right Whereas we we can see the clarity and some of these other moves in here Okay, I mean look at the the the delta. Okay, so this delta in here And then you can see the the buying coming back in here And then they really come in here So you'd look for that 60 area here, which is our pivot point right now is 60 in fact Let's draw a line in there It's actually at 61 we thought but let's let's put it at 60 Okay, and then what was resistance here or what was supply? Okay, that transacted turned into demand here on the other side and then and the move higher and Yeah, all this liquidity in here a lot of it getting filled Okay, like this right in here in this area So yeah, it's kind of a kind of a tough read in some of these areas in here Nonetheless, we're gonna look at these markets in here And start to look for the direction here now Yeah, we were looking for this move to go higher here. It's still may it's bouncing off of this 60 61 area that are our pivot point here that we had drawn up and Let's take a look at it now. So yeah, this Look look pretty good in here for this continuation and then the sellers came right back in I'm still looking for buyers though, and I'm still looking for them to trade back up to 65 and then maybe the back up into our 70 level Okay, or a recent swing high up here Okay, so let's take a look at the range and the The transactions and the Delta as well as the liquidity Okay, the context of these three elements in here All right, let's see here other questions Yeah, sure. We can go over entry exit for educational purposes and Yeah, look at this here right now. I just want to cover this Kind of order flow phenomena here you can see the the offer here stepping up But look at the reaction to that offer here, right? We're getting buyers Okay, so looking for these buyers to trade try to trade into these areas in here right now Okay, and fill these guys because it's the reaction here that we're looking for Although there's high liquidity here. We it did not scare away buyers. It attracted them Okay, now look at our Delta, right? So we're still looking for this to go higher now Right back up to our swing and then maybe continuation back up into our 70 And then maybe 75 like we had outlined previously All right, so we got like basically a hundred percent pullback all the way to where it broke out from here Bounced off of it and then we see the the buyers come in and again here Okay, now it's still back and forth in here, right? We see sellers here. We see buyers here. I Like seeing this strong buying coming in like this though So I still think that we have the potential to come back up into and some of these swings up here all right, so Yeah, we can go over a parry like a potential Entries and exits. Well, this would be one on a pullback right in here Okay, now let's go over it though and how high probability is this? Okay, I don't really like it. It is a pullback to it the top of this little range here And here's why I don't like it. Okay, and you can see it's failing here Okay, but this is the setup here. Okay now what you don't have is These guys pulling that liquidity and then also demand on the bid here All right, but let's just take the heat map off for a moment You can see that this is the breakout. This is the pullback We look for the bounce off of this and then the continuation higher All right And then we look for in here though Something that gives us an edge all right, so we have this little double bottom off of this area here and This is where we're looking for buyers. Okay, right especially right in here and we don't see a lot We do have a lack of sellers here All right, so that's good But we we don't have the buyers here. We also don't have the heat map context here Okay, this is not good. These are sellers and they got filled on the way back up All right, so In fact, this is where the selling picked up Was below that area right here Okay, and you can see the selling here in here. Okay, we're right back down into that that swing Pivot that we had talked about actually a little bit lower back to our 60 level here All right, but anyway, that's what you'd look for but the scenario we're looking for for an entry never materialized All right Okay, so I hope that helps and Um Let's take a look again here. Okay now down here Let's see if we see exhaustion here so far buyers starting to come in again All right, so let's see the buyers lift it up to 63 and a half 64 Okay, here's a pullback already Yeah, see see how they're kind of pulling in the book here and they're adding on the bid So that looks better Right Let's see if the buyers take these guys on this would be a lot more bullish. There we go Now this it'd be a lot more bullish if we can get those buyers back up above this 60 and three quarters or 61 here Okay, so there's a little bit of a battle going on here Let's see if we can get them Okay, so yeah, then I would be looking for here And what would I be looking for for an entry now this this is really not I'm kind of uh Um We're not seeing anything great here. Okay, but we are looking for that scenario All right, and this would be your entry basically Okay up here And you can see this is not working out too well Okay, your stop would be down here Okay, now again, this is not a high probability setup in here All right, so I mean it is back and forth in here, but you know, we we got the uh, we had the order book here Working for us. Okay. They were pulling here. They were adding We didn't really see them add too much uh at a higher level, but we did get our buyers up here Okay, so uh at that point, uh, we're looking for them to try to take it higher Right, and then you can see what happened in here sellers came in and the order book slammed on the other side here Okay, so this is a good example of what It's not such a great setup Okay, but uh, it's a great Um, and this is really important. In fact, this is better than a setup that works out How do you manage this? What do you do? Okay, I said stop down here below uh in these areas in here and that's what that's what I would have done Okay, if I got in here now, like I said, I don't like the setup Uh, but uh, if I got in here, it would have I would have been stopped out here All right, so that would have been a um And I would be looking to get back in here yet again Okay, because it it came back down here and we see the back and forth Uh, and now I'm looking again for these buyers up here Okay Now we do have support here on the bid Okay, and let's see if they continue that and let's see if we get our our buyers in here and look for the same thing All right. Now. I don't like this one too much either We've seen this setup so many times. Here's what I don't like about it And I would shy away from it. Um, but I would look for the continuation on up probably up into 64 65 Uh, but uh, what we have here is buyers here and let's see how they kind of peter out here Okay, we really need to see conviction by the buy side here And see how it's not in fact, it's exhausting up here at 61 No buyers no buyers no buyers We had 24 now we're starting to see some but previously we had none or 24 contracts that traded up here at 61 Hey, that's not what we're looking for. We're looking for conviction by the buy side Okay, and we're looking for the order book to support that conviction as well All right, and then we look for that continuation here All right, your stop would be back down here again 59 and a half something like that And then you look for the continuation on up to You know it depends on where I like to kind of front run high liquidity Up in these areas up in here and At this point, I'd probably move my stop up as well Okay, and I would probably take some off it depends Um, if I see those buyers come in hand over a fist I would I would get out at 64 50 if I see someone come up in front here And I start to see some sellers. I would take some off All right We're going through a lot of different scenarios in here And that's why that's really the key in here is to go through these scenarios and understand how to react In these areas Okay, there's there so you'd be out some here now again You know like I said, I didn't really like uh this one nor this one here. This looked better here Okay But I probably would have missed it I probably would have let this go the conviction really wasn't quite there for me looks better here at 62 actually Okay, because I know that they're they're committed here and uh, I'm starting to see them pick up All right, I hope that makes some sense in here. Uh, but it really is uh about like, um, uh, understanding the, um Uh, how to reduce the risk in this case, which would have been a stop out if this was taken This was not a high probability And then this one too also not high probability But this is where you would take some risk off up here. Okay, and your stop would have been a break even pretty quickly Uh as well all right Let's see if we see something that's a little bit um Perry what I'm looking for here is to show you something that looks a little bit better Okay, this is exactly the same setup here Uh pretty pretty much except the swing was up a little bit higher Um Is that we had we're looking for the breakout here. We didn't get it We got this kind of flushed through and then we got the breakout here Okay, and and the buyer's starting to come in nothing looks good in here right right here Uh, it actually starts to only look good in here And again, I don't even like that in here because look at this liquidity here And it's getting filled. I want to see them get out of the way. I want to see the book support it and then buyers come in All right, so this is not a high quality setup either It worked out pretty nicely But it's it it had it bounced off of this and then we got buyers up in here and then here it actually looks better Okay, is understanding this context the other pulling in here We see the buyers come in and they're adding on the order book underneath All right, and again on the order book underneath Okay, so what we're doing in this in these scenarios Is we're looking for The behavior of other traders to give us insight to where price might go If we can really objectively read that and understand that behavior Then we can look for price to move to certain areas Uh, and we can reduce our risks along the way Okay, that that's what the key the key is here uh, and um Going through these scenarios and understanding the order flow and the behavior is where it starts. That's the analysis Okay, and it starts with the with the um understanding of um This context between the transactions the price action and the The auction the the order flow Okay, and what I mean by order flow, uh, I'm Um Trying to correctly, uh, use the terminology, uh, according to um Uh, oh god, um, I See, um, who's the trader the the the um The the dome trader uh Hold on a minute here, uh that we have Who's just excellent, um Yeah, uh, yeah gary gary nordin, right so, uh gary nordin talks about order flow being purely about the order book Okay, this is order flow. Okay, or the heat map is order flow not the transactions just the order book right So, uh, that's what I mean by this context between order flow Transactions and price action so order flow would be the order book All right, and it's a really important it gives us what the information we need To understand Okay, we have additional information with The the type of orders that are transacting with icebergs and stops and that context in here So stop out with uh, you know, it always amazes me this this context in here Here's a stop run here to the downside and who's on the other side. Okay, they're even they're even uh starting to absorb Uh, or starting to get filled in these areas in here previously. Now, it's not all Actually, it's it's quite a few. There's about 500 just in this little area in here That's pretty good. Uh, and it's a thousand up to here. So about a thousand icebergs not not bad In this little area here All right, so we have that context as well And that gives us additional insight Thinking okay, well if we understand that the transactions in here and the order flow in this price action The scenario is this this is what's not the scenario is this is what unfolded We have a stop run here into high liquidity. We have larger players on the other side Taking the trade with their iceberg orders not showing it in the order book Uh before and after a stop run And then we have our buyers come in above our little area right here Okay at 59 so we would look for the next target would be this the swing here at the top of the range And actually the this move in here actually looks pretty good to come up to here This is what we covered earlier though We want to see these kinds of um volume dots up here Okay, and we don't see that at all Right, that's why we get this back and forth in here. Then we get our it looks better in here actually Okay, and and more a little more conviction in here. This is where we covered. We don't see the conviction in here Right, so we'll kind of stay away from that We do have this added confluence though with the stops and icebergs and that's pretty nice Okay, anyway, uh, why take the risk? There'll be another setup You know look for the behavior to be very clear Uh, and then you can avoid uh these kind of lower probability Uh setups in here Right, I hope that makes sense Let me know if you have any questions Perry it's a great question Uh, and uh, yeah, we will cover it this way So you can understand and and again these are just this is just one way Or there's multiple ways that we're covering it. Uh, however, it is just um Some concepts some ideas, uh for Looking for opportunities As well as uh, how to manage. Okay, there are many different ways to do it Okay, but that's why we go over and try to read and understand very Clearly in here the behavior the analysis here and then once you start to look at that it opens up the world for you You you can look at at Whatever whatever it is you want to trade however it is you want to trade Okay, so on this time frame look at this Okay, looks pretty good now for our move to 70 that we were looking for earlier Okay, let's zoom in a little bit more Okay, well, what do we got here? All right, so we're back up here. We see the buyers come in All right, let's look at the delta. Okay lots of sellers, but we're above those sellers now All right, and now we see some selling delta in here again. I'm looking for buyers here at 66 Okay, or lack of sellers down here on this pullback Okay, and then let's see if we can get on a smaller time frame some buyers right here at 65 Okay, pretty big buying is what we're looking for. There's our exhaustion Do we get our buyers? No Okay, now we're starting to get them, but we're up here and it's not much It's not much. I'd stay away from this one too Okay, but the scenario we're looking for is our big dots and then the move higher here and just uh, you know if you if you guys want to Look at this or some of these areas in here and to kind of mix this into your trading plan You know look for these scenarios and then You know look look to see how this plays out And when you see something really good, that's when you can put some risk on Okay, or at least I would suggest something like that Because otherwise like you're putting on risk and you you're not it's not too clear about the behavior Okay Now in this higher time frame the behavior looks pretty good for the move up to 70 here All right, that's why I wanted to zoom in here and take take a look at it And then I was just not convinced You know, uh, we've seen it so many times it does this it comes all the way back down here And then it comes all the way back up and then finally Uh, kind of like it what it did here in fact it it dipped below our 60 level And that's where we found these uh icebergs and stops and then back up above it and accepted and then the move higher here Now on the higher time frame. Yeah, I'm I'm still looking for this move to 70 um Yeah, I I don't I don't think I'd be taking this though either. We're we're how would I reduce my risk in here Where's my stop going to be down here? Where's my take profit my risk reward ratio is just horrible Just horrible Okay, so yeah Hey, this is friday. I mean, uh, this is this is how it is a lot of the day Uh in here All right, and uh, thank you parry. I appreciate that. Uh, so so you're digesting this and and um absorbing this, uh, Discussion here, uh What's really and I this is better than actually seeing a clear transaction or I'm sorry a clear setup Uh or scenario. It's actually much better Uh, here's why Because stay away from those that don't look clear Uh, that's why you have to back test and you have to study I would highly recommend That you record your data in book map and replay it in replay mode And uh this way you can look at this several times over Go back again Look at it again. Look at it like, you know 10 20 times over Right now look our move to 70 played out But it just just didn't you know wasn't convinced by it in here delta looks okay We're above our levels in here, but like No, I mean, uh, it's not it's not not worth the risk. Uh in here Right, I would look for that strong volume maybe down here Uh, and then that move uh to unfold Okay, and we didn't just you know didn't quite get it. We got it in here And look where the retest came back to just below that little area here Okay, so you can see that it this really matters this behavior here Uh, it matters because this is where the buyers came in This is where they were tested Okay, and uh, and this is where the sellers came in and look at a buyers back up above and look at the retest even here And we're not making this stuff up. It's just market structure and uh The order flow and the transactions And this is a far cry a far far far cry from looking at just candlesticks Okay, and trying to understand something in the candlestick here And we can go over candlesticks and we can look for like uh, well, this would be your candlestick set up in here This is a breakout right closed above here uh, and uh, uh now Do you like it? I don't know. I don't think I like it because I see high liquidity in here I know the transactions took place I see buyers again. Okay, that looks pretty good Okay, but uh here again high liquidity yet again here Right and it transacted Not not for me like uh, I want to see these guys get out of the way I want to see that book kind of light up on the on the bid And I want to see those buyers come in hand over fist again And then that would be a beautiful little flag pattern in here Okay, now they're they're they're coming in again Okay, you can see the order book is starting to do that a little bit here Okay, so yeah, I would still look for this to go higher here Okay, but um, yeah, it's um It's just not as not as sure as when we see something That that meets the criteria Right, so this breakout here. Let's see what this looks like in a candlestick pattern in here This is it's a nice breakout You know your five minute candle closed above the highs And it's big. It's green. We see green dots behind it. That looks all great I see a lot of liquidity up here and I see it getting filled Okay I'm still seeing buyers, but uh, let's just take a look at this for a potential failure and then where it might go to Okay, I would look for it maybe to here or here to begin with Okay, so 68 66 maybe maybe back down even to uh, yeah 64 or Uh, the there are 60 61 level here. Um, but first first one would be 68 buyers come in above it Or this one here where the buyer is initiated and a little bit higher 66 and a half Okay, so somewhere in this area here would be the first pullback. All right, so if that's the case, what are we looking for then? We're looking for sellers to come in and um We're looking for uh Buyers to absorb now. They're actually getting out of the way here. So looks like our 74 is looking Better here Okay, and then note this here, right again buyers Now let's see. Do we get exhaustion? Do we see the order book starting to fill on this side here? Do we see them starting to pull here on the uh on the bid? And do we get sellers? Let's look for it Okay, that would be one scenario here. Okay, then this little trend line would break Uh, and then we'd look for We're looking for our big, you know red dots in this case to bring it back down into these areas here That would be the failure Of this breakout candlestick pattern here And well, we're getting exhaustion They're working it in here. We can see traders working it Um, they're on the bid, but we're not getting a really strong reaction to it. It's just right in the middle here We know they're on the offer here Here we go now 72 starting to show a little bit more and we're getting some buyers And so yeah, I'm still likely to go higher here I'm still looking for, yeah, this to trade up into this liquidity here Okay, and then 74 would be the ultimate target here just in this very small time frame That's still open for this other scenario here Uh, and uh, uh the sell side and what that would look like Yeah, 4300 I was looking at that too, josh. Um the um, I don't know I mean, this is you know now it's turned into our We're kind of looking at this in the 15 minute in the hourly chart that It dipped down here and we're looking for our buyers to come in Okay, uh and Yeah, just just below this 50 And never filled the that that was the fill here of the of the gap very very little Of a fill and then the buyers coming in so yeah, I would agree with you We're just testing highs here. So Zoom out a little bit more our previous high swing up here Okay buying the buying looks good. I I still You know, there's a lot of liquidity getting filled in here And I'm still staying away here Okay, uh, so Here's an example. In fact, let's see if we can get something here Okay buyers into high liquidity here. Here's a retest here Okay, and we don't see many buyers now. We don't see a lot of sellers down here yet Okay, so Yeah, now we're getting our buyers come back in Okay, now did they stay in the order book here? Yeah, they did Hey at 74 and 75 and look at the flip of the book here Hey from 75 on the offer to on the bid here One large player in there now we can say this is a large player our large lot tracker Is showing out of the 680 contracts there that Well, he just pulled so it was about 450 was one one individual actor there Okay, so what if we get some sellers now here at 75 and three quarters? Yep, then I'd be looking forward to come right back down to 74 The delta is super strong on the buy side Okay, now we have a little bit better context when we zoom out now and we can see this move in here Okay, however, we we got a note the other side of the trade and and look at our Zoom out and look at our trading Ranges in here. Okay 70 74 73 and a half or whatever it is Okay, but high liquidity getting filled in here Let's see if we get our pull back to 74 Looks pretty good There's some exhaustion right there. Do we get sellers here? Let's get the candlestick out of the way Um, yeah, we're looking to see if this I mean that this this was our breakout so You know that was uh and and then all of this liquidity getting filled in here Although we see the buyers come in. Okay. Yeah, it's this was a nice move to the upside Lots of liquidity getting filled along the way though and Looking for as we were in some of these other areas some pullbacks and then continuation Okay, so now We we're looking for our Exhaustion here. We got it and see the sellers here. This is what I'm talking about I did one more test up here, but exhausted again Okay, now we see the sellers come in All right, so now Uh, let's look at our candlestick pattern here. Well, the first one would be down to 72 or this swing here and this this five minute swing Okay, and we we we put a line in here Actually, so let's take a look at that Let's extend it and this one here has now Uh That's basically resistance and you can see the order book is Supporting this this resistance at 74 here. Okay, see how they're supporting it and they're pulling here At our 71 and three quarters Okay, now we got some buyers coming back in retesting this this, uh, structure here Yeah, just don't still again. I I really don't like it. I don't see anything clear here. Uh, the Uh sellers came in here And dropped it. We have our delta here Okay, and then we have a low volume pullback But it's above this area here Okay, so the scenario that that i'm looking for here Uh is basically some sellers at 75, you know, and then the order book to support it and then the move back down 74 and then 72 basically 71 50 All right now we saw this other scenario here that even though the sellers came in then and we have buyers above it so The other scenario is buying here at 76 in the continuation of the pattern on up to 78 80 85 4300 we see liquidity way up there So tough one. Uh, I think uh, uh this friday here Reason being is on our daily weekly, uh, and and 15 minute chart well 15 minute was a little different but like um, they all aligned, uh and We're and it's an outside day. We're looking for continuation Uh, and then we look at it in here and we're looking for continuation But we just didn't you know have some of we see a lot of absorption up in these areas in here On the on the offer they're getting filled Okay, our our delta Well, you know, we had a lot of sellers. We came back up above it And then in here. Yeah, buying starting to pick up a selling also picked up here Okay in our delta All right, so a little bit of a kind of conflicting data in here See how they're still supporting this this is probably the same guy you see again 650 he's probably got, you know 450 500 there Now you just pulled Okay, now let's see if we got our sellers here at 75 We got our exhaustion here Now we're looking for sellers here at 75 And then move back down Maybe 72 and a half 72 Yeah, josh, maybe maybe end of the day here. I mean, uh during this time usually after uh Roughly around 10 30 or so uh things get kind of kind of tricky The the kind of initial uh moves are uh, you know, it becomes more complex And that initial momentum, uh, it kind of dries up Typically. All right buyers back up above it here was exhaustion. Now we see now we see buyers here So yeah, still going higher. It looks like right. Uh, we were looking for that that selling at 75 We look what happened here, right? That that's what we're looking for and we just didn't get it In fact, we got kind of some exhaustion in here And then we see the buyers back up in here. That's when we're kind of looking for this to go higher We can we can still be open to the sellers here though at 75 Okay, it would start with exhaustion here on the buy side And would even even start here we could even look at 76 as some selling here Uh, maybe can oops Can unfold Here and then drive it down to 75 and then maybe a break of 75 Okay, not nothing of the sort here still buying pressure. Look at this Okay, stop run not a whole lot of stops, but There's a stop run nonetheless Okay, same scenarios here just a smaller time frame Okay, we would look for buyers to support it here at 77. Okay, we're not getting it Do we get our sellers here now at 76 and a half? Let's see And if we do then we're looking for 75 a trade down to 75 And then maybe continuation Does this make sense that uh, what we're looking for up here And this is why we've kind of shied away from some of these this really bullish activity Is the other side of the trade? Okay, understanding that it you know these orders here are getting filled Okay on the offer and see again the same same little pattern in here. Uh, we can see that This swing in here our buyers and stops above it Sellers down below it. We're looking for our sellers here. We didn't get them again And we get buyers back up above here right Okay, played out in real time. Here are buyers. Okay, so if we get buyers again at 78 We're looking for the move up into a higher liquidity Here and then 80 Right same same. We've seen this pattern now countless times Well, it's countable But we've seen it a number of times Okay, this is this is really that for this little time frame in here This is the pivot here at 77 that we're looking We're watching. All right. Let me go over here to the discord Guys, I'm sorry. I didn't uh Get to some of your questions yet Good morning, everybody McLo Co. Yeah, you're looking at your cvd Bread and butter. Yeah, I'm just as you know, I'm not a not a big fan of it I really like looking at the volume in the The context in here Uh, I I just feel that that gives Much much better understanding than the indicator. Yeah, let's look at your cvd divergence Yeah Yeah, yeah, I mean the buying pressure is amazing. Uh, it just they're tearing into these areas in here Yeah, Andrew. Yeah, these these streams are uh on youtube afterwards So recordings are available Uh mcloco about your Um Your book map being a bit slow. Uh, I will point you to this area here. Uh, go to bookmap.com and I'll show you here where to go Go to the more button Uh, and then Let's let's just go to the learning center, but it's the knowledge base where we want to go But uh, I want to take you to this learning center in here. Uh, we have some courses getting connected Connecting book map to data and understanding that And then our getting started course in here about using book map And all the different features and then our market mechanics course is kind of what we're covering here in the live market Look at this move guys. Yikes lots of buying pressure still just it's amazing Um, they're just they're tearing into these areas in here and with, you know, very little, uh Even even though they're they're transacting there's just still more and more buyers taking this higher um Looking looking much better here josh for your move to to 4300 that's now in view You know, look again, like, you know, look at And and understanding outside days here, although I want to cover that in a minute here Uh outside of ranges, uh, and uh, and then continuations here And there's the move to 85 Let's see here. Oh was at the learning center here, uh, and um, uh, you can Access the knowledge base here as well under knowledge click on knowledge base That'll take you here to the user guide section of the knowledge base. Uh, and then you can look at, um Some areas in here. I want to show you this Uh, down here at errors performance issues Okay, we can click on that Uh, and then, uh, we can look at some of the, um Our content in here mclocal. So I'll put this into the chat for you Uh as a link. I think that'll be helpful for you There you go Yeah, well, we've got really good data hector and then we also have, um, uh You know from the non-farm Uh that just blew blew it out of the water Uh, and then we have this debt scene ceiling, uh issue kind of resolved here So, uh and Yeah, I mean, look, we're we're being cautious here. Uh, you know, it's uh A lot of liquidity getting filled in here Um, and then look at the I mean delta it's it's been in this these areas in here during this webinar It was really kind of challenging Uh looking much much better once it started to get back up in here and we noted that on the higher time frame and again You know, I personally kind of stayed away from this here because Um, I I saw the delta picking up Okay, that's good and we talked about it hitting 70 at that point Okay, it looks actually better here on the higher time frame Uh, I just didn't see the um I and we they're pulling here. That's good I didn't see them on the bid though So I thought well, you know, maybe it'll come up to to 68 and fade and I actually did a bit here and then yeah, this is what I I saw in here We didn't really see that that delta in here being so convincing, right? This looks good not here And then that that's when we look for yeah the pull back and then Maybe a move back down into some of the lower areas. Well, we didn't get that it continued on I trade it again up into high liquidity. We did get a pull back after that And then again into high liquidity high liquidity high liquidity And then this has got to be a stop run up through some of these areas here. This is a pretty pretty amazing stuff Yeah, that's a huge stop run there Okay, and this should be another huge stop run it is All right. Now see look at look at the difference here. Okay, so Nice nice moves stop run. Let's look at icebergs as well Okay, they're still buying on the icebergs. Um Now we're looking for that continued momentum with strong buying all the way through I'm seeing some selling in here Okay, I'm looking again up here I don't see I see some strong buying in here, but I don't see any here And we already already had some selling in here Okay, so we look again for selling here, which I don't see any I do see exhaustion here The book is looking pretty good. They pulled here Then I see selling this is looking much better Right the same scenarios that we're talking about we get a pull back here and again No buying can't even make a an equal high. They're on the offer here and we see the selling starting to come in Okay, now it's it's again kind of short lived here Where's the selling here? We got to see it here Well, here they are Now now we've got them. All right. All right, so there's let's see you drop it down to 81 and 80 Okay, and then that that's that'll be into this kind of area in here Or especially 80. I like Right here this high liquidity filled So even on this on this move in here, this did not look good. This started to look pretty good Here's our pullback. Then it looks good again here. We're looking for follow-through. This still does not look good The order book we've got on our side here for a short They're pulling here. We didn't see sellers until we got here and that's when we're looking for that move Now, okay, this is only a two-point move Uh, it's the same concepts over and over again Okay, we can zoom out in the higher time frame and look at the same Now see see this look at the look at the offer now. Okay, we haven't seen that Uh before It may be a little bit in here You can see on the offer, uh, but uh, this is pretty strong Look at the heat map. All right. So here's a pullback right to this volume dot here And now we're looking for exhaustion again on the buy side And some selling maybe around 82 And then a continuation down to 80 And that would be your low volume pullback All right, we look for that low volume pullback several times and and we saw a lot of failures in it Right it pulled back here and then we got the buyers back up above it Uh in here in here, uh, this one So far so good. We have our exhaustion. We don't see the buyers. We don't see many sellers here either right now And but we're looking for them here And then the continuation not only 80. I think uh, there might be enough selling to even break 80 now at this point All right, let me get back to uh any questions in youtube Captain price. I can't keep up with everything you write in here Yeah, yeah this this same it's Same same thing like uh, we were looking for that low volume pullback and continuation We we just we didn't get the selling down here. We're getting buyers back up above the swing right now yet again So we do get some of the buyers back up above the swing in here as you guys can see Uh into high liquidity again Uh, everything's kind of drying up here. We have the european clothes. It's friday We're gonna have to make these dots a little bit bigger to understand But the context here is this is a lot less volume than some of these other areas in here Right, so we have to be careful about that All right, we're looking for you know conviction in here from these traders Uh, and we're not really seeing a lot of it So just for the demo, I'll make the volume dots a little bit bigger here So we can see that context at least on these smaller time frames Okay, so this was a smaller actually kind of uh Move and then the buyers back up above it and this this kind of small area here at 82 and a half the bigger one is here Right, so this is where the sellers came in and they are retesting that right now Okay, buyers are retesting it Uh, and uh, doesn't look good actually Look at this. So see see how we can we can we can read the exhaustion Now we're getting our dots here This is looking better Okay, so now we're looking for them the sellers to try to drive it down to here 81 or ultimately 80 here and maybe continuation Order book looks good. They're there's really not a lot of liquidity in here sellers can drive it down there Okay order book looks good on the offer Uh as well now it's up to the aggressors. Let's get rid of the candlesticks. Um Now it's up to the aggressors Okay, so we're looking for the red dots here. They got to move it. Okay. The order book looks good So we're looking for our red dot and then our move our break here of this range 82 81 80 Maybe further Yeah, it looks pretty good on this time frame two if we zoom out a little bit more Okay, it looks better This one has been one of the one of the more clearer setups today. Uh, here's our exhaustion. Here's our sellers Looking for the sellers to drop it Sellers in control from this move on didn't get the buyers back up above it So now the seller's got to push through here on pretty strong volume And then hit some of the swings That are lower It it's it's doing it. But look at the buyers are fighting it here. They're really fighting it It's just a lot of buying pressure still in this market So again, like what looked pretty clear is kind of getting muddy and murky right now You know, so yeah, again, I don't Don't really like it We're looking for clarity And that clarity was looking pretty good just a a minute ago Right this in here sellers Okay, looking just and they're pulling down here. This looks good Uh and on a higher time frame it looked good as well Wow, you're calling for 44 not not today though, uh, josh, right? 100 point, uh Almost like uh, what was it? More than 150 points Yeah, yeah, I mean it's yeah, absolutely. I mean it's it's bullish Uh, even on the weekly here, let's take a look at that weekly again It's breaking out here Okay, so yeah, we're looking for our 40 43 28 that we had mentioned the swing high up here uh 44 Yeah, that's not and the weekly here that that makes sense as well God I Josh I'd even maybe be calling for 45 46 All right looking for a momentum uh here Especially above this swing here once we can get above that that swing around 43 21 As you guys can see same same idea same concepts This is something I wanted to cover here actually the breakout of a range Right, uh, that that um, uh, we'll we'll cover on on multiple time frames, right? All right, we can start with this range right here Let's just go with this range. All right, so this is the same concept now Okay, so this actually looks good again here. We don't see a lot of buyers up here We see lower liquidity here and they're not really on the bid Okay, so we're looking for a breakout on sellers here And a breakdown on sellers here Okay of this range now if we can get that and you can see is What looked good and and then yet buyers come back in so we we're staying Staying away until we see that conviction Okay, and then if we do get this Then we're looking for an extended move into 80 here Okay, and in fact it's a measured move. It's about the same width as this range here Same same as above actually No different if we get buyers up in the top of this range in here around 84 E4 and a half Well, we'd break the highs of the day here 80 86 or at least test the high first and again Every time we it starts to look pretty good in here and starts to set up And it's doing it again Exhaustion and then sellers And they're on the on the offer here and they're not on the bid and yet we get buying pressure There they go. All right. What about icebergs? stops for sure no icebergs nice potential For a false breakout here Okay, other side of this range here if we can get sellers here at 82 and a half Let's look at the the um Delta of this whole range in here, right? So mostly sellers in here. There's mostly selling all right, so We can look at it here. We can look at our um, um order book and balance as well We can also look at cvd which mcloco likes And and and see that the majority here is selling in here All right, so what that means in here Is we're going to get if we get the buyers and I would still look for the move to the downside um In the into 80 here But if if we do get the scenario of buyers back up above here at 84 Which we are starting to get Looks pretty good Then we're going to get a beautiful stop run to the high of the day And then maybe and then maybe further 88 Right, so see see how like even though there's tons of selling in here or more selling than buyers This is where they're going to upend it here now look for our stop run And they traded traders uh hit this 85 level Okay, and transacted here And it is a stop run Right, so all of the selling in here can be a nice like um Fuel here for the uh for the move higher So now we're looking for a flip here Uh pulling on the offer More buyers adding on the bid in here than 86 88 right just going through a range breakout here Okay, same as outside day on the daily Or whatever time frame you're looking at even the weekly here Good morning, sam Yeah, you want to see the absorption indicator. Sure I want to see this play out here. Um It's been kind of a funny session a lot of back and forth. Um, and not not so clear With all this liquidity in here I thought at least Okay, now we're looking for this to really gain some steam here On the buy side and continue on higher Okay, so it should be pretty strong and straight move on up to about 88 Uh, and we should see this stop Uh stops indicator really really pick up here All right, you know see a big big stop run to highs of the day Let's take a look at the absorption indicator Tesla is up 40 4.3. Yeah, you know, we saw such a great move in tesla the other day. Um I think earlier in the week And someone asked about it and let's let's jump over there actually and then uh sam will get to the absorption indicator here Uh, and again talking about delta in here was doing it again Right. See this is why we really want to understand our the the market delta Look at the the dots And and the delta in here like like I had mentioned I saw we saw this in crypto years ago where It was all back and forth. It might even be going slightly down, but just massive buying Uh and accumulation This is looking really good in in tesla yet again Okay, so yeah, we'd we'd be look for 220 here to trade uh in tesla And until we see something different and up end this this picture here here with the with the delta Not the best day to to cover uh, delta this actually not bad in here for for tesla whatsoever Okay, but this has been kind of convoluted in here Yeah, right when we're looking for that that straight move up into 88 Look at the selling come in now on the and look at the delta. Look at the reference here and we are below These buyers here All of the all of this buying in here all of this delta in here Okay, we're below it All right, and and we see some selling in here All right absorption indicator. Let's cover that and let's clear these drawings and let's make the Dot size a little bit smaller Absorption indicator. All right so the absorption indicator um Is uh Works on all markets. Uh, very very simple indicator Okay, I have an automatic mode here. I'll just show you without automatic Um, all it is showing here is very uh straightforward within 0.01 seconds. The condition is this um That the traded volume was greater than or equal to 220 So a very what that means is in a very very short period of time Uh, we're looking for a lot of transactions And it's only on one price level. That's the key here All right, so what does that mean? Well, it means this basically Right here absorption Okay, a big transaction only at one price level within a very small time frame All right, so we should see this Start to kick up. Maybe this is a little too high This this just put it right below 200 That should do the trick All right. Yeah. All right. So now we're starting to see it here Um, but not not too many. We have we have to lower it here Um Look at that Let's see what the automatic. Oh, it still jumps up to 214 All right. Well, let's look at 99 All right, so Boy, that condition does not met even in these these areas here interesting. Um, well it was met in these areas here And uh, uh, this is here here's classic absorption Okay, well That condition was met 419 traded right into here. Okay. Now, what do we have now? We know from the heat map that we have high liquidity in here And we we know that that's being absorbed we we can see the transactions right into the heat map Okay, so that that really is is helpful here. Uh, now this one's a little different though Hey, we have 114 that transacted very very quickly in here Okay, but we don't have a lot of liquidity in here. So what do you what do you guys think this is? What what can absorb without being in the order book? Yep, an iceberg. Yeah, exactly And you can see it here in the sub chart now we can turn on the on chart as well Uh, and um, let's take a quick look at it. Okay, it's just populating right now And there we go Okay, interestingly enough huh Iceberg, uh Well, it it was transacting in there and it was still in here until here. So 700 you can see it In fact the iceberg evolution started This iceberg started here It stayed in the order book it has high liquidity. So that means these sellers Need to trade through not only this liquidity, but this iceberg And they finally did here And the iceberg was completely executed fully executed here. There's actually three icebergs in here for 763 contracts and there's there're going to be three different Icebergs and here's one for 30 And there's another one in here too Okay, so Anyway, that gives us the overall here And we know how many transactions took place there All right, so anyway That's the absorption indicator and also the compared to heat map As well as compared to icebergs. So that should cover all the scenarios basically Okay, now the the absorption indicator again, like I love it and the um The sweeps indicator as well. I love it. It is the exact same indicator, but for the sweeps it means over Multiple price levels not just one I'm going to take it off the chart here and we got to we got to wrap it up here uh Yeah, even again, I mean all these setups in here. It's just uh uh Just more and more buying pressure coming in and going through these areas in here And then it kind of peters out and then it comes back down uh, we see this selling starting to to um Enter here, but then they're just getting stopped out on the way back up into high liquidity And this was a beautiful breakout here. We're we're kind of um kind of missed that one I was I think I was covering something. I saw price moving um, but uh, you know nice nice move up into 85 and yet again like uh Yeah, just a lot of buying pressure in here And so we we covered this on the way up and then started to look like well, maybe we get our sellers in here uh, and We did but no follow through And the buying ramps up here Up into 85 and then right now Well, interesting move yet again Very high liquidity in here Yeah Well, I mean We're looking for continued buying pressure here today uh outside move, but uh, again, I'm shying away from it here Uh, I see very very high liquidity there Uh, we've seen very high liquidity all the way through Okay, and um, yeah, it looks like it like a wedge pattern in here. It looks like your cup and handle whatever it might be Uh, you know, this is the cup. This is the handle But I'm not I'm not buying this breakout and do I see a lot of selling come in? No, not really So again, I'm I'm staying away It's been kind of a theme of the day here We saw a few, um, you know better opportunities Yeah, the 60 area was pretty interesting 60 61 Anyway, that's what we saw today guys, uh, and not as interesting as some of the other days Uh, even though we have this outside day and when we have an outside day during these these, um, webinars, uh You know, we're always looking for the continuation Uh of the in the breakout of the move right even even this little, um Uh, we covered this example here the breakout of this We're actually looking for sellers in here and the measured move back down into 80 Uh, and then uh, well we covered the other scenario would be if we can get back up in here All of that selling is going to be the fuel to the move up Uh, and we should get our stop runs uh up into these areas and that did unfold And yet again sellers down back down below here. I'm surprised that here I was looking for sellers to Uh to drop it back down to 82 at least the bottom of the range in here And now that didn't even unfold Okay, so uh now that now they're starting to uh, but uh Yeah Well, let's see here, uh, european close and uh You know, this this is the key area here and now we're looking again for Again, if it's gonna if there's gonna be sellers down here, they should be able to break the law And continue to trend uh down to this 82, uh or Maybe maybe lower here Okay, 80 level. I like this 80 level here, but uh, we'd start here at 82 Okay, again like range breakout control Uh, and then look at our our some of our swings in here Okay, look at the delta again as well Okay, and then we look at the order book now that they this was completely absorbed up here this time Uh sellers traded into it our buyers traded into the sellers up here at 86 7 and never we're able to get through it here. Okay. Now we see the selling here Here's some exhaustion And then our sellers picked up again now. We've seen this multiple times And uh, many of them failed here Our didn't pan out. We got buyers back up above these areas here and then we can look for the continuation, but Uh, yeah, here's our move into 82 now Again, we're still looking for continuation here right outside of that range And we look for exhaustion and then uh selling pressure down here anyway guys, uh kind of odd session, uh, but On a on a breakout day and very very, uh Strong moves uh to the upside here Yeah, all right. Well, we'll wrap it up. We'll call it a day Thanks everybody and uh, we will see you on Monday And uh and take it from there. Okay. Yep. Uh, oh and please hit the like button here if you guys like this Uh, kind of education, uh, you know, we're trying to cover What you're not going to see in some of the candlesticks And uh, you know trying to cover and give some sort of uh Insight to the behavior of the players in here that we can lean on Uh, and if we can lean on that we can look for the follow-through in the moves A little bit trickier today Hey, but that's what we look for And then we we look we go through the different scenarios to understand what that might look like when it starts to look like that That's when we can consider and it looks it looks clear Then we look for the continuation of that move Right. We have our scenario. We know how to uh, attack it Uh, and then how to put risk around it. Now, uh, Perry had asked about some of the risk Um, uh, you know parameters and some ideas Uh, and we covered that earlier on in the webinar. All right, so yeah, thanks for hitting the like button Uh, and uh, we'll catch up with you guys on Monday. Have a great weekend