 Good morning traders and welcome to the book map live Orderflow analysis webinar morning traders. This is Bruce at book map And we'll go through any market that you guys want to look at that we can connect to For stocks futures and crypto currencies Most of us want to most of you guys want to look at the S&P. So that's what we cover so let's jump in here and Take a quick look here at S&P and see what's going on and we can see that Pretty pretty choppy in here back and forth and Here's our cash open move to the upside move to the downside a double bottom here turning into a double top up here It's kind of all over the place in here. So Yeah, we'll take a look at the bigger picture here Try to understand what's going on and then go over the the order flowing here as well However first before I do that let's go through the disclosures And then also another thing I want to cover with you guys general disclosure all book map limited materials information and Presentations are for educational purposes only it should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, and let's Go into The other thing I want to show you is our black Friday sale. So just go to book map calm And you'll see it right here Right on the front page here. So There's two different black Friday sales that we're offering and for a bunch of different kinds of users as well if you're new to book map or you previously used book map or your Current book map subscriber these deals can apply So it offer runs November 23rd through the 28th So we only have until tomorrow if you're interested in it. Just click on grab the deal now right here And that'll take you to this this page Hey, so And it goes into more detail what the the deal is about. All right. So the first one here Global plus for three months you can get 50% off This deal is available to new subscribe new subscribers to book map the digital or free version Subscribers and then also current book map monthly subscribers. You subscribe monthly here Why not try it for three months and get 50% off? All right, you can see that this section here Applies to the section below here in more detail and the three different users that I just covered This one over here new to book map here Then you can get for the first month only you get a discount of 60% This is available to new subscribers to book map digital free version Subscribers as well as previous book map subscribers. Okay, so you can also get it here Scroll down a little bit further here, and it covers the details for the Different users brand new users and digital and previous paid subscribers here You will have to use the coupon code in here if you're interested in this monthly discount, okay FAQs are down below here as well all right, so let's Jump back here into the order flow and to go through some of the details in here. Hey, so well, what are we seeing? and It is a hard read right now. I mean look at this range from Around seven o'clock this morning east coast time. So the last three hours we've been in a pretty tight range in here It's been well about about ten points, which is actually pretty normal for the the S&P but Look at the volume within the range Look at the order flow these limit buy-and-sell orders within this range And you can see that it's really kind of all over the place here. We have high liquidity up in here above the range at the cash open it trades right up into it and then we see a move right back Down and below the range here, and then we see there was previously high liquidity here, but they really start to come in here after Somewhere around 935 or so they really start to come into the order by here. So Let's Hold on a minute. Let me get to the chat Here we get good morning everybody Sorry about the yeah being laid in here. It's been meeting after meeting this morning. So Okay, Jack is getting back to us here on the Any any questions you guys had on it we talked about first principles last webinar Hey, and we talked about in detail here. Jack is also mentioning it here in discord so Yeah, anyway We can cover that today again as well, but we really dove down deep into what? Is the market all about I mean the first principles What makes up the market and we went through this Maybe for some of you in excruciating detail here And maybe it was review Maybe it was the first time we ever heard this kind of information So what it's really really good to Get your feedback on this. So yeah, let me let me know it's Cady you're also you're asking for a pullback and long idea well not right now I mean I am not seeing any edge in here at all you know, it's Let's just look and lean on this order flow in here What what is it telling us? What are the participants telling us here? This is the beauty of using order flow and in reading it here in book map I'm not reading much at all. They're not telling me much at all This range here seems to be the only thing that Is telling us I mean look at the strong volume here and then look at even more volume on the way back down But here we have liquidity down here. What's the context? What's the relationship? Well, we see that we got a double bottom here. We did not break the low and Then we see buyers come back in and we see not the strongest of buy volume in here Okay, we're talking about relative volume in here and this is this is important This is what we talk about in our strategies and setups in here the relative volume, okay Right so the relative volume here Okay, now look at those and then look at this over here and then now let's compare all the that to Relative sell volume, okay little pockets in here And they're just starting to pick up right now Okay, you know, I would say there's probably a little bit more selling than buying is what it kind of looks like in here Especially due to this move here right, so Perhaps this is the defining move right now We are still in this range though. So We see that there's more sellers now coming in right, so I'm not I would I'm not looking for a long actually I Catty and this is not a trade recommendation It is just reading the order flow and trying to understand the majority of the players in here to me It looks like we're gonna come back down here and retest this area here due to what we just mentioned relative volume starting to pick up right Okay, now that context again is super important. It's all about this context You know, we did we just traded into high liquidity here So and it looks like it transacted. So what happens after that? Are we seeing that there's more? You know buyers now starting to come in after they bought here on the bid and I'm not seeing them right now right, so Well, here they come now now we're starting to get it but again relative volume, right? So we're looking for maybe a retest back here Or we can also look at our structure diagonal structure in here So retest back up into here would be the next thing I'd be looking for Okay Jump back here any other comments? No Yeah, sorry Rob is a bit late in here but the Like I said meeting after meeting and trying to You know jump into these markets in the order flow as well Not a lot of data this week So it's end of the month and that's very very typical so One of the things that we can talk we didn't talk too much about this on Friday about first principles There's kind of different levels of first principles in my opinion what we talked about is what moves the market And we talked about what makes up a market. What is the first principle here of making a market that you need orders? If you don't have orders you don't have a market So you need buyers and sellers and and they Participate via orders Okay, so and there's two different Well, we're gonna cover two different types of participants in here Those that are aggressors that want in immediately and will hit the market buy button or the market sell button That's when they cross the spread and The transaction occurs on the next best bidder offer and then you have the other party That is making that transaction together with you. They are taking the other side of the trade So if you hit market buy well, you're then you're saying like I want in no matter what the price is but I want in right now and You look at the best offer and you see that the best offer is You know one spread here. So okay, then you get filled with that That best offer, okay? And then that's that We covered this in detail like I said on Friday and The Looking for some order flow right now and the drop right into this 60 here. Just due to there we go I know that was really quick guys, but again, it's reading the order flow in here It starts to tell us something that specific points and That's really all all all we can do but anyway the We're we're recovering the Yeah, the transactions that occur in here and first principles the other thing That makes up the market or makes the market move is the news Okay, so there's different players in here now the really the core first principle Is very simple. It is orders. It doesn't matter if it's news. It doesn't matter if it's an algo. It doesn't matter anything All it matters is the market is open and that there are orders So that's it right that is truly the first principle Now, you know, there's a kind of an if we go Into kind of second layer, you know layers of the onion here after that Then You know one of the biggest drivers in the market is news news event occurs and the markets are perceived differently by the participants and Their actions will be reflected by their orders One of the best ways to show that is Let's see one is the the market cash open here and Other is actual data releases Okay, or news events especially the scheduled news events and I don't really have any anything to show here, but we know that when those events come out we see You know the liquidity dry up typically And we get some volatility due to exactly that first principle Okay, so let me know if you have any questions on that I think we can go over it if you guys like Good morning trading for a living And let's see anything else in here No, no other comments in the all markets chat in Discord, okay All right, so yeah that that we did get that move into 60 and below it actually went down here to about 57 and three quarters and That's what catty. That's what we were looking for right? We're not looking for long in here, and it was just do the process we went through And let me know if you have any questions on that. That's really important. It's precisely what we went through here And that's how you can read the order flow Okay Sometimes it happens on a higher time frame sometimes this happens on lower time frames in these webinars in here We'll go through as many as we can on all time frames and all markets Right, so what this is So that we can get as many Transaction or not transactions, but as many instances under our belt and we will become better traders quicker Okay, so in that regard if if traders come in here and say well, I'm looking for 10 points in the S&P Then this this webinar might not be so useful for you if you're always just looking for that Okay, but if you're looking for an understanding an order flow event and Understanding that that can unfold not only for 10 points, but you know 20 30 40 50 Or even like two ticks It is the same concept and then this webinar can help you very much Okay for for any anything that you're trading all right, so Anyway, look at the back and forth in here. We're looking for that move lower It's gone down into look at these little swings in here And now we have quite a bit of buying come right back in and we're right back to where we were So I haven't seen really much of anything guys Just really really back and forth some pretty strong line too. So it is looking pretty equal yet again All right, so we were looking for that insight and that relative volume Where we're seeing a response here by buyers taking it right back in And which is your responsive buying? and And there we are Okay, let's see. What else did I want to cover? Oh, yeah, um Well, we'll look at market polls. I wanted to cover that in more detail because we have all these different algos to go through but I also want to show you the Update here, which I will update you guys on this. I don't have the link right now But I will provide it in the discord channel here Hey, so if we go to The book map Academy now you need to be a book map Academy member to get access to this. So you might want to Consider becoming an Academy member You'll get all sorts of advantages as an Academy member Hey, so for example, let me show you under here book map Academy Well, there's the chat rooms here, but there's also the education library here look on this and What we have here is the if you want access to market polls you can get it here. Okay, right here And there's also the setups Checklist here. So this is the one actually I wanted to go over We covered the setups checklist and I know a lot of you guys are using it here already But you can you can download it here All right Now just hold on and I'll update it after this webinar and you can download the new version and the new version is what I Want to show you okay? So play around with it and let's give us some feedback on it. I know I've seen content you guys using it already And let's just go through a few of the details in here one of the new Features in here is to be able to collapse it because it's taking up quite a bit of real estate So you can always have this on top here Expand it and you you get access immediately Okay, so now This default file in here or your setup Is based off of the book map Or the flag pattern or continuation pattern from the book map Learning center. Okay, so let me show this here so that you understand All right, so go to book map calm and let's see how we want to collapse it beautiful All right So go to book map calm click on the more button and then go here under resources to the learning center here this new course here strategies and setups click on that and We have just one strategy in here right now a continuation pattern and it's called We named it here the flag pattern because everyone knows what a flag pattern is But it's really important to understand again first principles behind this pattern And what it really is is it's understanding the strong momentum moves And once you understand that It opens up all sorts of things There's all sorts of momentum or Continuation patterns. There's you know the flags the penance the the the wedges the triangles the rectangles, you know, whatever It who cares? What you want to understand is a strong move Consolidation or pullback followed by another strong move That's really the the the crux of it and you can weave this understanding into any of those patterns a And you know look for your own as well. All right, so by default Well, here here's basically what we've done for that default List in here. Okay, so what we've done is we've taken the videos from this continuation flag pattern here broken it into the first video here which covers the Diagram what it looks like the schematic here, right? So that just very very simply going through it and showing what this looks like in In diagram All right, so then the next one here is goes through What that diagram looks like in the real market? Okay, so we're covering the same Content, but so you can see it Here in the in the real market the live market, right? So Understand what what exactly it is you're looking for here and the third one here is the really where the rubber meets the road This is about execution So now we same pattern same diagram just overlaid and going into now Execution and this checklist in here. Okay, this checklist is what we offer here Not only in the resources section right below it here. You can you can see the The checklist here. We've put it into a A little app for you and this is what shows up by default And so you play around with these sliders in here measure, you know when you're looking for your flag pattern Well, this is these are the the things that you want to check off and you want to start to grade them score them And get an overall score like an eight or better. You've got a strong setup and you're looking for that And like this one right here. Is this a flag pattern? Well, yeah Actually, I'm kind of looking for these buyers to to lift it maybe up into the 65 here. Okay, right now However, let's go through a checklist in here first off Do we have a lot of trap traders? Hey, well, we're gonna have some some sellers in here that are trapped. That's good But we don't have a really we don't have a consolidation period in here Right. We're looking for the trap traders and consolidation So do we have some we do some so we will put a check here, but we're gonna grade it and we're gonna grade it like Maybe a four. It's not very good Do we have a strong move steep move here? Yeah, that's that looks pretty good. Is it strong volume? Yep strong relative volume. Now, let's give it an eight measured move So the measured move is this move And then being able to project it for the next move And can we do that and doesn't match with high liquidity? Not really the measure move in here if we if we take this line here and We duplicate it basically And we move it You know, it's not bad, but you know, we look for high liquidity somewhere up in here Right around 67 more or less, but we we have some we have 65 and we have 66 So it's not bad Let's give it like Like a seven six or a seven And then what about a minor pullback in here? Do we have a minor pullback after the strong move? Okay, and Yeah, yeah, it's it's definitely less than half of this move. That's pretty good. We want that Okay, see see this strong move in here and this pullback here, right? So what now? I know we're missing it here, but we were looking for this to mention it before It ticked off here that we're looking for this move up into here. We're just going through the process kind of As the move is unfolding and I would also mention here that You know, let's take a look here at the strong relative volume. Yeah, I would have been taking my profit up in this area in here At least the majority of my you know, maybe maybe have a runner on because I don't know but the majority of the Position I would take profit up in here. Now again, not it's not about trading In this room, we're just talking about these In in concept and understanding how to react to Some of these these areas in here and that will go through why That would be my actions up in here in just a minute as we go through this grading process all right, so Measure move absorption by high liquidity. Well, we have Yeah, the the measured move is good, but the this We said like a six or seven. I'd give it now that I look at I give it a six Okay, the minor pullback. Yeah, that looks pretty good It's less than half of the move Hey of this initial move here and then look at the low volume on it It looks that looks really good. All right. Look at this low volume. Hey compared to the strong move Okay, so this is that's a good thing So we can give that one like an eight maybe even a nine eight now When we had our trader review From the book math Academy we we some of you guys I Created some content using this this tool here and which is great And then there was a question though about like well, how can you make this more objective? Well, you you can't at the moment like you're just gonna have to go through the process yourself And through experience and it won't it won't take that long if you continue to really get into Studying exactly what you're looking for here. You will be able to do it pretty pretty quickly and be more objective about it All right What about entry here? Large volume after absorption or exhaustion. Well, we didn't really have that in here. All right, so We'll check it off, but we're gonna we're gonna score it very very low. All right, so I'm maybe like a three So see how it's just dark in here and we didn't really have too much and Let's go through the next one steep large price move And strong relative volume not bad in here okay but again into that high liquidity and so we'll check that off, but we're gonna give it like a seven and then The target here the measured move. Hey, well, we didn't quite have The full measured move or it wasn't very good and then the high liquidity area. Yeah, it was before a measured move had unfolded Okay, that is why I would be taking profits up here right so There's reasons why being objective about this Okay, so hope that helps and then exit So that would be our target up in here and then exiting high liquidity absorption And opposing traders so we see some selling starting to come in here now Right, so you wouldn't have gotten too much out of that move, but you would have gotten some Right, you would have gotten a couple points out of it and that's about it. So did we have the? Well first off we can stop here and our With our entry did we have something to justify here taking the trade? No, we didn't okay. It's not a strong trade idea It's a sick. It's a six. We're looking for an eight Okay, so our steep move our our target and then our exit here Would Yeah, be of like a four or five as well. So Anyway, you can see this isn't wasn't a strong idea here a four looking for this continuation pattern All right now look at the performance of this continuation pattern here Hey, it wasn't all that great. Okay. This has retraced a full the full way back down here And now bouncing out of a high volume node right here Now look at the relative volume there Look at the selling compared to the buying Okay, it's not very clear Hey, maybe we'll find a bit more buying and we'll come up a little bit higher here Maybe just 66. Okay. Now if things change and we see a massive amount of buying That's something different if we see the bid light up and there's high liquidity underneath here Supporting this trade idea and they're pulling liquidity up in here Then that would be a different thing. We're not seeing that right now All right, so One of the things here as well, I want to show you with this new checklist You can come up with your own criteria and use this this tool here. So just make your own txt file and import it Hey, you can use Excel it's comma separated values You can also modify this one or you know duplicate it just copy and paste it and You know upload it, you know save it as a save as you know a separate file and then import Hey, or if you wanted you can export it copy it modify it import it whatever you want to do But you have that capability so that you can Show something you don't have to go through our our setup here from this Bookmap learning center. Hey, you don't have to do that. You can come up with your own criteria in here and Whatever strategy that that you follow make it up and you've got this handy Checklist right in front of you that you can grade and you can really start to look for exactly Your setup and that should be helpful Right, so you'll get access to this new version if you already have access to this which a lot of you guys do From the bookmap Academy then I just need to provide you the new download link. Okay All right, let's see here questions Yeah, slow down that that I see that as well the support and resistance is gone. Let's see if I have access here It's under the new name order book pressure Yeah Yeah, we we were talking about that. We're gonna change the name The name is a it's a good change So let me let me bring it up here Yeah, it's now called order book pressure here. Thanks trader. Thanks. Hi, Louise. This is good So the reason that we renamed it Order book pressure is because we had volume pressure Okay, so Makes sense here. We're looking at order book pressure compared to volume pressure Volume pressure algo has been really really handy And I know a lot of you guys are making strategies around it. You don't see it in your drop-down Slow down, okay You should yeah, anyway, I'll try to update you guys with all of the Market polls and checklist Algos also trader map pro Okay, there's new algos we demoed for trader map pro okay All right, let's jump into this algo here and We'll go through Use case scenarios here a Lot of you guys are using the volume pressure, which has been great. I Think it's extremely handy Extremely useful. So let's just go through. We'll start we'll start with that one here And there's two volume pressure and volume pressure in balance we'll start with volume pressure and Press play here and then we'll open up a new one in here as well and Look for Balance And let's close this up Get rid of stops and icebergs for now Guys, we're gonna come up with some new default colors as well for these these algos in here So let me let me show you right now like right now. It's this is important because If I go to here to They got to go back here and click on this one here Yeah, it's actually here. It's it's underneath the the sub chart here, right? So this is where should be able to Change colors etc if you see yeah So yeah, you can you can do it here On the buy side if you want to let's just use yellow or something here Okay, and then on the sell side For volume pressure Use a dark red Okay, so now you can see we have two different algos Running in here. We have volume pressure here. In fact, you just do it one at a time Okay, so we just changed the the colors and Boy the red and the oranges or the red and the green is still showing here Anyway, we're gonna you're gonna be able to change the colors in here so that you can See distinction when you're overlaying the different outputs here for each market post pulse tool all right, so right now you can see the different different colors here for Sellers and buyers for volume pressure and then we also have that for If we turn on the delta the volume pressure in balance, then you can see the white color in Okay, so we're looking for where we get extreme readings in here And I just wanted to show that we're overlaying basically the same information here. They're outputted a little differently and That that's all So the it depends on which one you like, you know, you can see them individually like this Buyers and sellers in here And when they cross the threshold, you'll see it in here And and the color of the buyers and sellers in here, right? Now same thing here with volume pressure and balance when it crosses these thresholds, you'll see the colors in here as well Okay, so this is gonna be handy once you have For example, not so much volume pressure. So we'll actually close that one It's when you have Maybe another algo in here that is for example the order book in balance and Let's show it for the NAS or for the ES and Press play All right Okay, and I need to go to settings on that one and we want to see the delta It's just loading Now I know crash f16 has been doing this. I'm using this here. So Extensively Okay, looking for extreme readings in here Oh Yeah, this has been really really a great great indicator well Both of these together is is really pretty magnificent Because now you can start to look at the overlay of them right and and find out Who you're getting the reading from if I hover over here, it does tell you here what you're looking at So that's the volume pressure here. We got an extreme volume pressure reading here on the buy side And and we haven't seen anything on the sell side yet Okay, the order book in balance. We haven't seen anything extreme in the last few minutes. Okay, now we're getting it Okay, so we just had some in here. You hover over it. We can see what it is And we we had volume pressure again. Okay, so there's our extreme reading and volume pressure And so the way we've been using this and looking at this is so easy to go and back test in here Is when you get these extreme readings Just look at it on the chart. How does it relate to context? Rob, this is the this is the simplest way to kind of explain this for you for back testing now You can let me be kind of careful here the way I describe this Just simply for back testing the volume pressure or whatever I'll go in market pulse Let's actually just look at volume pressure or not order pressure Okay, you're getting extreme reading and look at the context. Where is it happening? Hey, is it happening at the bottom of the range? Yeah, kind of and That's good. We want to see that Is it happening into or below the the range here? Do we see stops after that? Do we see high liquidity underneath it here absorbing? Okay, because we know there's extreme volume Hey, but the context in here first market structure second liquidity Hey volume pressure. We already know Hey, we're getting extreme reading All right now so different scenarios start to unfold from that If you get these extreme readings and then you see buyers start to come back in here Hey, we'd be looking for our buyers right here Okay, then we'd be looking forward to likely trade to the other side of the range up to 65 Okay, it's because we're getting extreme reading but not enough to break the structure for buyers. We'll trade it back in and You can go back and and test these again and again really really quickly Just look at the extreme readings. Where are they happening? As it relate to the structure as it relate to the order flow All right, here come our buyers. All right buyers lift it Let's see the move right back up and let's get an extreme reading on the buy side Maybe back up into here Okay, so Anyway, this is one of the use case scenarios for using order book and I'm sorry volume pressure and balance Okay, now let's switch it up Okay, now we're gonna look at the order book pressure in balance Okay, so when do we see a lot on the sell side? Well, we're gonna get extreme reading so in here Let's zoom in here and let's look at this order book We go to the settings here on the heat map hold on All right, here we go Now this is a fantastic tool To take a look at this order book in in balance. Here's why Look at the look at the order book in here Hey, you can see there is an imbalance Hey, there there there's high liquidity in here, but it's been in here. So there really is no imbalance there based off of the Market pulse indicator, right? So nothing has really changed. This is already in the calculation Okay, but look at look at all this that we got that extreme reading here When we had this in balance here now look at how subtle this is in here Hey, the shades of blue in here now if you zoom vertically, you're not gonna really see that, right? Hey, but you're getting an extreme reading in here So what this tool is doing is allowing you to be zoomed out But yet really look at the very fine details within the order book in balance And that is invaluable Hey, it's also they're also pulling in here. So we're gonna get another extreme reading if they're pulling on the bid Okay, because there's gonna be more on the offer compared to the bid right so we had an extreme reading here Makes sense right so what you being able to use this on these Without being happening to be a zoomed in right is is is rather invaluable Okay, so now Remember we were we were looking at volume pressure and balance down in here And we're looking for the buyers to start to come in and move this to the other side of the range Now we started to see them in here a little bit Hey, it was more in here where we started to see them. So we're looking for the lift Okay, and it went it really chopped around in here for a bit And didn't give us much insight Until the buyers came in again here and then and then traded up into the rain top of the range here Hey, however From extreme to extreme basically Hey, so your management in here is is is questionable Right because there is a lot kind of going on in here. However You know that scenario we we are looking for Unfolded pretty nicely and you're getting your extreme reading from here And it does you you do get one here, right? Maybe up into that little area here and that that's what we're looking for, you know, trying to get into this after the The volume pressure let's just go through the volume pressure and balance after these extreme readings in here We're looking for reasons For it to go to the other side and we're looking for the aggressors All right, so this played out pretty nicely and look at this now We we still haven't got the extreme reading here to be honest on the on the buy side It's been all sell side here from volume pressure and balance Hey, so we're still looking for it to trade up into here Okay, we had 15 contracts straight up here. That was it at 65 No, we're looking for extreme reading to extreme reading Anyway, Rob, let me see your question here because I know this is your strategy one of the things. I know you look at Okay, how this fit into the flag pattern another piece of Market structure you see it doesn't retest the high volume node. Yeah, this this setup in here Here's your consolidation period here's your breakout And I like this you have some sort of structure up here, which is typical This this is now your high volume node and you're looking for the move back to test that high volume node and then continuation You've looked at this again and again and again Rob. So yeah, then I would Say that Encourage you to make a strategy out of this Right develop your own checklist Hey, because now what I don't like about it though Is that this is kind of your last gasp here? This is strong usually typically this is usually a strong move to the upside Some sort of like Distribution pattern small distribution pattern a move back down to retest that high volume node And then the bounce out of it. So this has retested a lot and this is where you get the lack of clarity From this setup here in my opinion. It happens in this area here Hey, it's great that it you're looking for the high volume node Right and you're looking for a bounce off of it But Usually or a lot of times you'll see there's high volume on this move here And there's equally high volume on this move here and that doesn't allow for the clarity That's my opinion Right. So maybe this is where you'll have to kind of do your your your back testing And come up with your own strategy If you see the high volume over here, and then you just see a little bit of volume over here That's making it better already Right. So that relative volume that you're comparing in here Hey, other things that you can put into your setup are on the bid. Are they on the bid in here? Hey, are they supporting it? and Do you have exhaustion here also by sellers? And then the big question is do you see buyers strong buying coming back in again? And then then I think you've got something that's higher probability, but that again I don't I don't know I haven't really back tested this one I I can talk about some experience and some of the things we've seen on the order flow, but this is something we Have looked at and we've seen it many many times over but we haven't looked into in terms of like a more detailed strategy And this is kind of like I said the last gasp for those buyers to remain in control here because it's going to bounce off that high volume All right, typically what you can get in here is a flag pattern out of this little move here Maybe strong buyers just like you had marked up here You have a small pullback in here and again look for your strong buyers to come in, but it has to be strong Okay, it has to be strong buying in here Because otherwise it'll fail and come back down the other way All right. Now one of the one of the Scenarios in this setup here that A lot of times we'll see maybe a small little bounce in here and then sellers just come in hand over fist and This is the pivot point here You know that high volume node and if you see strong selling if you see strong selling in this area And then you start to see those sellers come in again. They're going to move it typically That's something to look into as well. So I Would encourage you Rob if you if this is what something you really want to study and dig dig into in more detail You know we have this recorded so you can go back and watch this again, but this would be another study Is to look for that relative volume. Maybe there's a little bit of buying over here strong selling a Little bit of a pullback small pullback here and looking for strong selling again and moving this market because a lot of times What happens is is, you know, it's a we have a big down trending day We have this happen and then we get this kind of double top in here or something and Then it just fails to do make a reversal and the sellers blaze through that high volume node real Really quickly on down to the next level Okay, and that's the danger of looking for buying in here on this strategy Okay, so look for these we just outlined many volume scenarios to look for mark it up in you know watch the recording mark it up and put that into your Setup and you can make your own setup in here in your own criteria Okay, and then score them All right. Oh, it can be a setup Rob, it's a structure that you see a lot, but then you get what you're looking for is the criteria In a setup or what we had just outlined And you can look for that and then When it starts to unfold you can you put some risk parameters around it and you have a setup right Just make sure that you've you've looked into like at least 20 Different instances of this and you have you know that you have an edge when you see this now Start to track it. That's how you build a setup shark blue You cannot see this or load this instrument Yeah, that's because let's see you have I don't know. I don't know what the issue is on that one All right guys. Well, I have to get back to you about this stuff on on market polls I also don't have access to some of these things And I haven't I haven't an updated version and I still don't don't have access to some of them Right, but anyway, I'll get back to you on that with the details Don't worry. You're you guys are part of the academy and you'll get access to it I'll just update you in that like I said in this room here the Education library materials in here bookmap Academy. Okay, only Academy members will get access to this this room in here So that's where you go. Okay, and you'll see the What to click on in here All right Let's see anyone interested in that Academy. Well, didn't just go to bookmap.com show you Okay Click on the more button here and then bookmap Academy is under community click on that read through it here. You can apply and and then you need to jump over to our discord and then give us also your Request your spreadsheet so we need to capture you both in email and then we also need to capture you in discord Okay, it'll tell you where to go You go to the Academy room and then that's where you You'll request it applicants room All right Well, no the measuring the pulling and stacking Is is not JB is your it's a good question. It's not transactions It's just order book. It could be it could be transactive liquidity As well, but it is You know reading reading that order book and The what you have here for that order book in balance if we go here in The settings you do have an extra setting in here So you can wait the stacking Or the depth here Okay, you have typically most of the Algos have these two a training period and a half-life period training period means the amount of data that you're looking at So in this case it's five minutes Sliding data always a consistent Updated five minutes of data the half-life period means the pullback basically so 10 seconds so so let's say a thousand trade And then nothing trades within 10 seconds now the reading won't be a thousand will be 500 Okay, and then let's say another 10 seconds passes by and nothing transacts Or nothing is pulled from the order book I should say sorry same order book and nothing pulls Then that reading is also going to go down Okay, not from 500 it'll go down to 250 All right, that's how it works half-life period for intervals. This means each tick So the first four ticks will be the most important the next four ticks will be half as important in terms of the calculation And then next four ticks after that will be half of the previous one Etc etc etc etc so the the data closest to the market will have the more extreme Will have more emphasis and weight right All right guys, well after all that explanation that we missed a nice move in here to the bottom of the range I heard it popping off, but Sorry, I wanted I really wanted to you know explain some of these things in here for for order book and balance and how to read it and other details How would I trail my trade trail my stop if I'm shorting it right now? um It depends um caddy like uh, I I actually I'm not looking for I don't have big expectations for today So, um, you know, maybe I'd be out the majority down here if I was short up in here Uh, and stop at break even and looking for this to you know potentially run Uh, if I see a lot of buyers come in on the other side and That relative volume in here or the context with the with the liquidity Uh in here. Well, then why would I want to you know, have it work against me? I I would likely exit the position Not much for trailing stops um, but uh, uh, I do Uh like Me personally I I do like to use what what scoppelsini does as well uh is If he's in a trade and he sees another trade setup Uh, let's say he's short and then he sees another short setup He will get short again, but it is considered a different trade Uh a a different um Different criteria for entry And then he will move his stop from the previous one to where his new stop is based off of that new criteria Okay, this is a great way to leverage or To scale into your trades Right and protect your Your uh, your risk Uh, yeah, okay. Yeah, thanks. Uh, al-awis. Yeah, this this, um Uh, you can left click hold and drag the uh vertical white line here The current market is to the right of it and all the historicals to the left Uh, you can you know move it. This is as close as you can move it here Okay, but maybe you want it a little bit bigger. Uh, you can just move it. Okay sellers coming back in Uh, some extreme readings in there on uh volume pressure Border book pressure. I'm sorry Right from in here Nothing on volume pressure though Yeah, again, like um, well, let's take a look. Let's again I really like this. Uh, the way that we covered the flag pattern Um And this set up in here with it with the checklist okay, so We're leaning on and we want this as a foundation all of this previous activity and order flow and we're grading it Okay, and we're looking for uh some sort of setup in here Okay, that that's really uh the the key So if we take a look in here now Uh for current, um Order flow And price action what's happening? What's what's behind it? What can we lean on in here? Okay, well Not a whole lot at the moment. Uh, we see this strong I'm pretty pretty strong. Uh move to the downside It also kind of had this little flag to it Strong move not much of a pullback and then strong move But look at the volume volume on the buy side come right back in Okay, so that kind of negates this uh at that point We're not looking for a continuation move here If Uh and then caddy this was where you can continue you could consider scaling into your trade Uh on a pullback here And then looking for if this was low buy volume, okay So a low volume pullback And then we're looking for those sellers to come in again and then try to move this market Okay, we don't have it. Uh, it hasn't unfolded So, uh, that's uh We're not looking for a continuation right now Okay, it might unfold. Uh, just don't see it now Uh, we're not we're we have nothing to lean on in here Right, so why do we want to take a trade when there's nothing to lean on in here? Okay, none of this behavior in here is telling us that it wants to go lower right now All right, so what do you do? You stay out of the trade You're not looking for it. Uh, at least you're not looking for that setup Oh, I just not seeing much again today guys. Um We were looking for them move up into 65. We got that uh, and then completely missed that Yeah, it was also. Yeah, it was up in here Completely missed this as we were zoomed in and looking at something else and covering something else. So I'm sorry about that uh but anyway, um Well, let's uh, let's look again and see what see what we get in here So we had another order book, uh in balance, uh, or I'm sorry volume pressure imbalance here on that buy side Now look at this buy side volume pressure move here This is not where we're looking for it, right We're looking for it. Um, well, I guess you could look for it that this isn't this isn't something I've studied too much Uh, we we can look for it maybe in the in the bottom of a range, but we're looking for the continuation Uh, and now what we would assume then is that we'd look for volume pressure to Reach a high extreme here Uh back at at the top of the range so back to 61 50 or so Okay, so, uh I don't I don't see uh it unfolding now, but I do see a nice cluster of buying here Hey, so, uh, are we getting anything out of this extreme reading down here? And we're trying to Right, so well, what does the order book tell us? Hey, yeah, they they adding on the bid here Are they um, we're not getting any uh order book in balance yet Okay, in fact, it's on the sell side Yep, so now we're getting extreme reading on the sell side here or order book pressure Uh in balance Now it's extreme on the buy side. Okay. Now we're looking for volume pressure and balance here Let's see if we can get it If we can get our volume pressure and balance now then we're looking for the move up into 61 All right, here we go on buyers Jumping the game here, uh, there's a small edge in here. It looks like uh for a move up into about 61 Maybe maybe higher maybe 62 and a half Okay, does that make sense caddy? Do you understand what we're what we're covering and looking for? In this small range in here And now again, this is not a trade recommendation. This is a starting point for a study Okay of reading this and putting this into something more cohesive and is leaning on What we what we're the previous behavior in here that we were talking about Okay, we didn't see anything in here except for uh Noting that this little extreme right in here and then like hmm. Okay nice cluster here Did we get a do we have an order book in balance? Hey, do we have like a way for it to trade back up into 61 or 62 and a half? Okay, and we just had our so we were foreshadowing that we would get an extreme reading up here on volume pressure Okay, and then that would be the exit point basically Okay, once once you start to see that so we're looking for trading not not fading the volume pressure Um reading here, it's the opposite Okay, we're we're looking for exiting on the volume pressure Okay, and this uh order book in balance pressure here was um helping us Uh determine if we're going to get those buyers to come in here and move this market higher Okay, so we're up at 61 already and uh We're getting a volume pressure in balance. That's good actually i'm i'm happy to see that Just looking for a really quick sweep of the order book here now by volume pressure and balance up into 62 and a half Okay, and we're leaning on all of this buying in here to move up into here Okay Make sense This is exactly What is behind Our strategies here and this flag or continuation pattern It's different, but it's the same process of understanding Uh in leaning on all of this behavior in here that move to unfold Okay, and then it's down to your risk uh analysis Hey, where do you put your stop? Where do you place your? Your targets. Okay. Well, we're actually waiting for an audio On that target, uh, and then also that high liquidity some of these areas here How do you look for exhaustion? Well? Uh, you're gonna have to look for it in here. We're not actually getting a signal for exhaustion Okay, we're getting volume pressure instead So you're not going to hear uh your exhaustion here Um what you would look for though is a lack of trading Okay, it has nothing to do with the order flow Exhaustion this is all about the aggressor. Okay, so for exhaustion. We can take the book out of the picture Uh, and here here is your exhaustion right here or you know a lack of selling down here There's not much selling here guys. Here's our move into 62 and a half Um, and and we were looking for that volume pressure and balance in here right to to uh hit the um threshold Okay, so I would be exiting up here All right, I have my reasons. I was looking for that move. I'm out Okay, it may go another 10 points. Who knows? Uh, but uh, those were my reasons. Uh, and That's what I was looking for volume pressure and balance And exit on that up into the high liquidity at 62 and a half Okay exhaustion um catty is a great one to look for Uh, and this is actually a pretty pretty good one right here. Okay, you have this exhaustion here on the buy side it's it's kind of a in the um Uh in this little fractal here, uh, it it's not bad actually but it's In this little bit bigger picture here. It's not really telling you much, but this is telling you something here Okay, it's it's not so much Um, yeah, it's telling you some here, but it's really telling you something here Okay, when these buyers come in Okay, because there is no market down here. There's no one Again leaning on these buyers in here and then the sellers aren't taking these guys on Hey, so there's your exhaustion here. Basically there were some transactions You see the red dot Hey, so uh That's the key here Right, and then you're looking for the the buyers to come in again and you're leaning on this buying behavior to take it upwards All right, and then you're waiting for your extreme up here and you're taking your profit Okay, beautiful All right, and then how do you feel about that trade now? Right or that that idea pretty good pretty good. It worked out pretty well for you in fact This is where You know take your studies further uh and Look for you know something else in here Uh, because you're getting your extreme market pulse reading up in here Okay, so for example The opposite trade, you know going short up here. Here's your structure. Here's a pull back to that structure Here's your high liquidity. Here's your extreme market pulse down here uh and Look for those sellers to start to come in And trade it back down to uh other structural areas or rob to your High volume node here Okay, and then now wanting to hear um market pulse again on the Cell side A volume pressure and we actually already had it here Okay, so there's another structural area right here So maybe you're just looking at that and taking some off here Okay, you didn't quite get to your high volume node rob, but this is another thing about your setup That you talk about or this Thing that you noticed here happens again and again a lot of times What happens is it bounces off of the structure here Right and that's even that's a bit more bullish Okay, both are not the most bullish here depends on that relative volume like we discussed earlier but you know the first If you get this really deep pullback like this typically what happens is you get something like this And you get the pullback to there Right, there's a little structural element in there and you get the pullback to there And then you get continuation Right, that would be one to look for uh the other one is um A bounce off the range uh here So you'll you'll get the same kind of structure like you drew and then you get this Okay, now the weakest one is this one here Because it pulled back further Now buyer supported it down here Uh, but uh, yeah, this is what you'd look for All right, so the move up some sort of distribution move back down bounce off of it and then maybe the continue way All right, it's a great structure. I mean, you know, we see it seen it now for a long long long time Uh, but this is really in terms of auction market theory If sellers blast through this area in here Uh on a lot of selling pressure They're going to move the market lower typically typically Right because they have enough volume pressure to move it away from this whole area here Oh good stuff. All right. Well, we covered, um Um volume pressure and balance and order book pressure and balance and the combination of these two Guys, um, it's it's a really strong stuff Uh and uh something to look at to look at into More depth. I know crash uh f16 has been looking at a lot of that He's using these two. Uh, we we covered in the trader review as well Uh last wednesday Uh from the for the book map academy And crash is in here, right? Yeah There you are Um, yeah, really really nice, uh stuff, uh crash by the way So All right, any more questions in here? How do you get cvd lines set that way? This is not cvd. This is the volume pressure in balance for market pulse Richie Okay All right last questions rob. I and then I've got to go See you're typing Yeah, you can that's fine rob if you if you think that Like you can see how the volume fits into this pattern and you're looking for some sort of flag pattern out of that um That's excellent. I mean look I I cringe when I you know to be honest like I hate calling this a flag pattern Because what's what's behind it and what matters is the impulse move here and the and then like not too much selling And then look for the impulse move to begin again It's a continuation and that can be used for so many different ways of trading That's what's key here. I just use, you know, call it a flag pattern in here. Don't don't get hung up on the pattern Um, just look for in the word flag look for the these elements Um and the momentum and the continuation. That's what's important Uh, and then once you can understand that it opens up everything So what you're talking about in terms of you could see it also within Um, uh, you're uh, this idea here. Absolutely Absolutely So yeah, get to get to know and get to understand, um more of the, uh Elements within this flag pattern into detail. That's why we you know a couple weeks ago We just we simplified it and we were just looking we're not looking for a tradable setup. We're just grading the criteria and using the Setups checklist here. Uh, we made our own for just looking at strong momentum moves Right, there was only like two or three of these elements that we're looking for You you could do it here. You can you can modify it right now and you can look at Um, not so much trapped uh traders, but you could but you're looking for a steep move Uh, um, you know large price move and large or strong relative volume And then you're looking for measured moves. Uh, and then you're also looking at the liquidity high absorption Okay Um and just look for that really just it's it's these these two in here You might want to add in the third so maybe the top three Just look again and again and again for that The minor pullback is um, you know what something else to look at Okay, but understand those strong moves Uh, and then that that'll serve you extremely well Uh, moving forward All right, so Uh, I hope that helps and Uh, let's see any other questions here Yeah, slow down. Yeah, I I totally agree with you. I mean I've seen this one And we've we've all seen this one a million times is that little area is so sensitive here This little area right in here is so sensitive And it's to be watched very very carefully um because um A lot of time and the order flow in here is really really important to watch In terms of order flow and we're talking about the limit orders in here And that con context between that and the aggressors in here is gonna gonna tell us a lot Because how many times have we seen this move and it just craters to the downside? Okay, so look for that actually Uh, because uh, these can be really nice moves and you think you're getting in that a really bad area You're not Um, you're getting in that a really good area actually and it just continues and you're like you're in and you're already up pretty quickly Right, but it's about understanding that order flow in this little critical area in here um And it's the market's very sensitive to it Okay, so uh look look for it though All right. All right guys. Well, yeah, thanks for coming everybody. Let's uh, we'll wrap it up. We'll call it a just one more thing the um Don't forget like uh, you know grab this deal here. Um, we only do this once a year if that Everyone always asks me about when can I get a discount or do you have any special offers? Well, here it is and it's a good one. You've got three months At 50 off All right, or if you're new to book mapping you want to try it for the first month you get 60 off Okay, so uh, yeah, please, uh, take advantage of it now. It's only running for five days. So it's gonna end tomorrow All right, so end of the day tomorrow you this will not be available any longer Uh, you know just would like to get you started in here Uh, and see if this adds if you don't if you're not a book map subscriber Um, see if this adds value to your trading Uh, and then once you're up and running come to that book map marketplace. I'm sorry the book map learning center Uh, and then go through the getting started course in here We have the market mechanics course which kind of covers those first principles, uh that we had talked about We have the strategies. We have the getting connected and and other stuff in here as well as all our of our events in here right, so there's that we have the covered the strategies and setups in here a bunch of times today, uh, and then the book map academy If you want to partake in that, uh, then then check that out from the more button here to book map academy, right, so I know I know I can continue to go over these things guys. I just trying to give you, um The uh pathways here, uh, not just for The deal here and book map You know Getting up and running learning about these markets understanding order flow Understanding certain strategies what to look for in your strategies. This will make things much easier for you Uh, and uh, you'll start to understand trading Um at a much much higher level and you will be looking for very specific things Uh, that will that'll really help your trading. Uh, and then we've got community here with this book map academy If you want to partake in that All right, so thanks for coming everybody and we'll catch up with you tomorrow. Okay. Yep. Have a good day. Bye. Bye