 All right, good morning traders and welcome to the kickoff here of the book map crypto competition And we're going to get you connected and get you up and running and everything And then go through live analysis order flow and some trading in here thing. That is the goal so Let's go over the disclosures All book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves a substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results all right, so let's jump in here and If you guys don't know well We have already kicked off the competition and let me show you the web page here It is the landing page here competition book map calm If you didn't register for the event it is too late. So anyway, so You can follow along in here. No problem Just is too bad. You won't be able to compete. You can definitely follow along with your your own trading within book map Anyway, lots of nice prizes here first prize is global lifetime Lifetime global plus subscription plus two thousand dollars cash prize second prize is lifetime global plus subscription Third is one year global plus subscription and then one random user or Participant will also get a global lifetime subscription. Okay global plus so You know you got to enter to win so Anyhow we can go over all the Trading competition rules in here if you guys have any Questions and you can see we have the leaderboard here. All right. Let me just update this and see who's doing what here so Operator 19 is in the lead here. So nice and right behind them Michael L We got a really kind of tight. We just started an hour ago. So Looking pretty good here. These guys are already knocking it out of the park and let's Continue on here on this page. There's some resources here also getting connected and going to the learning center and then Some FAQs in here. So we'll come back and revisit this I want to get you guys connected first. All right, so if you're having any issues getting connected We're gonna go through it one more time. We went through it yesterday. I will go through it again today I've cleared my book map here so Start book map go up to connections Let me see if there's any questions already. No, not not yet go up to connections and click configure And then we're going to add or remove a platform We're gonna add one click on that that will take you to the book map plug-ins manager and Book map connect level zero here or layer zero Now what we need to do is scroll down to the bottom here and available for installation We want to add two in here one is the trading simulator And it's just been updated to version 1.0 0.1 And if you don't see it here if it is grayed out or you don't see it in here and you haven't installed it already The reason being is that you are probably using an outdated version of book map You need to use or download and install book map version 7.4 build 18 or 19 Okay, so let's install it now It says it's ready to for use now. We're gonna come back in here and scroll down again To that layer zero and we're gonna add book map data Okay, so one is connecting to the trade trading simulator, which it will be your trading account for the demo Competition and then the book map data here. We want to install that as well. So click install And this is how we're gonna connect to the crypto Instrument, okay, so now we've installed them. Let's click. Okay. Now. We're gonna add a connection Okay, we've added the platform. We're gonna add a connection From the platform drop down. We're gonna select it and now you should see in here It should be available. We scroll down you see book map data and you should also see if you scroll down further alphabet alphabetically arranged in here should see your Trading simulator right here. So let's first install that one click on it and click okay That's great. That's added it now. We got to come back up to connections You can see we've added the simulator. Let's configure though and we're gonna add From the drop down here our book map data. So scroll back up to it here select it and click okay All right. Now let's click on connections And where is it? Okay. Let's hold up. Hold on. Let me try that again here. I've added this Okay, that's good now. Where's my simulator and let's add that Interesting. All right, so I Let's see if the simulator has done something in here. No, all right. This is interesting. All right So something has changed in here And we're gonna redo this process one more time. I'm sorry guys We're gonna remove these again map data and Trading simulator click okay Let's exit without saving And then we're gonna restart book map There is a video on this as well. Let me show you where that is It's here. I Can share this link for you for connecting? I'll put this into the chat and then let's Go back to book map here Okay, there's the connection video Now the first thing you need to do when you start book map is put it into trading mode This is the run option you're gonna use you can record your live data and your order so you can replay it later This is a really great tool for debriefing your trading. I recommend you do it I also Recommend not loading any previous workspaces here. I just have one clean instrument and let's click okay All right, so Let's update these in here Just a random update now. I need to add my connection here again. All right, so let's add our platform scroll back down Trading simulator Ready to use scroll back down Look map data Ready to use click. Okay? Add your our platform here trading simulator Okay, come back up configure Book map data Look, okay Let's just try this first and we're gonna connect to it here All right, everything looks good. You're gonna use these settings here book map data competition multi book US BTC USDT One hour cloud data tick size is recommended to go with one I And see how it goes if this bogs down your machine You don't have a very powerful machine then you'll have to Resubscribe and then select 10 as your tick value tick size and then for granularity 0.01 is fine. Let's click okay Okay, I'm up and running And let me see if I can already connect here to my Simulator somehow Okay Where is my simulator? There it is. Okay, so I don't know what the issue is there. I haven't seen this before I know it's just been updated. Okay, but now we can select it. All right, so may need to go through the process like that and Apologies for that Not sure I'll check with the developers But anyway, this is what you need. You need to have your bookmap data You will connect to bookmap data for the competition and use BTC USDT and then you also need to connect to and have selected here your trading simulator And this is your trading account. Okay for the competition and then Then in here you may or may not see this panel here, so I'm gonna hide the panel Sorry, I'm gonna Show the info panel I want to hide this panel here Okay, so Now you see it's not selectable here To be able to trade from the trade control panel So right click in here and then we're gonna add panel cross instruments trading panel Okay, you'll be trading off of our data here for our bookmap data for BTC USDT And then you will be trading into your Simulated account here. All right, so that's how it works and let's click on start Okay, and here's your confirmation and then let's now you can see we have the selected Options here in the drop-down to trade from the chart the dome or both. I'll select both a Few more details since we're going through all of this here You may want to click on the little pin here that will keep this open So it'll always be live on both and then another one is Down here Note that by default the stop order type is limit. I would recommend you select market Okay, we are now ready to trade All right, so We just need to select the size and I'll select one and then We can start trading. All right, so Now to select orders you can use the keys down here. Okay, you can use market buy order. This is a Buy a limit on the on the ask and this is a buy limit order on the bid Okay, this is a market sell and this is a sell limit on the ask and this is a sell limit on the bid Hey, you can flatten your positions. You may need to use this button if you're totally leveraged here And you can't select any orders. All right, so you may need to use this because you can't place any more orders You have your reversal buttons. You have OCO and bracketed orders. They will work in here However, they will be client side, which means it will be taking some of your margin power All right, so they are supported But you won't be able to use all the available margin All right, so keep that in mind and So they're kind of like partially supported basically It's up to you how you want to how you want to trade Okay, so now we're all set up and let's take a look and see what's going on in the market here. Okay, so I have one hour of backfill data And you can see this down move here and then a reversal back up We're at 2700 right now And we just traded into some to some pretty high liquidity here all right, so Let me see if there's any any questions so far by anybody everyone's trading Uh, so I imagine not too many questions here Hold on. Let me get to some of these other questions Discord and any questions here in discord. Let's see here. Hold on Morning stand. All right guys. I'm going to jump over actually, um, I'll keep an eye on the all markets bruce Uh Here in discord. I'm going to jump over though to the trading competition hashtag bm dash trading dash competition And we can Answer some questions in there. That's going to be our hub in here For all links and all uh, correspondence. It will be in here Okay, so, uh, let's let's do that and we'll just have our q and a in here Okay All right, so we've got we've got a little volatility in here trades into this high liquidity and immediately sells off Uh, so this is what we're going to do here. Um we've we've gone through the connection, uh, and um Let me know if you have any questions, uh, and then we'll go through any of the q and a we did that yesterday Uh, and uh, I don't see any questions right now. So, uh, I think we're good And then now, uh, what we can do is we can start to go through some setups in here all right, so Let's let's take a look Uh, and uh, what do we see in here? All right. Well, don't really see much on this time frame at the moment You can add more backfill data if you zoom all the way out And then you click on This little uh button here It's gray when you hover over is blue. It has a little white arrow Click on it and you can add more historical data here Okay, one hour local, which means it's already you've already had it stored for one hour cloud All right, so I've already added one hour. Um, let's add another All right, so I'll click on load Uh, and you can see up in the upper left. It's loading here And then once it's done, uh, I can zoom out more Okay, so it's importing it Now you don't want to load too much data in here. It might overwhelm your machine Uh, so now let's zoom out a bit more and we can see what's happening here. All right, so we had a consolidation range Uh, a breakdown and a pretty severe pullback, but uh, we we see the sellers come right back in now All right, so we want to get this bigger picture approach First, uh, we're what we're gonna do is go through a process in here And I said I'll have I'd have a checklist for you guys We'll I'll put that together And we're gonna do it on the fly here. Uh, and um And then I'll have documents for you that I will put back into the, um, hashtag Bookmap trading competition here Discord room One note here in the discord room Scroll back up to the top in here and kamal has put in These channel links in here So, uh, these different threads, uh, so if you have any questions for FAQs Needing assistance, uh, there's the registration link, which is now not, uh, Valid, uh, but uh, also the rules here. Okay, you can click on these links here And then get the information you're looking for All right $100,000 divided by price. Yeah, exactly. There you go. Uh, asking about the margin That that's it. Exactly. So, uh, you get it. You can see you have $100,000 account here, right? That's your account balance now. I've taken some trades just in the beginning here of the of the competition And um, uh, so my balance is just a little bit more than that right now. Um, but uh What you can do or to figure out your balance is very simple, uh, or your your margin, um, and how much you can trade So just take the 100,000. Okay one one two three four five six Figures here, uh, and then divide by What is it worth right now? Well, let's just say it's worth 27 let's say 100 to give us a little bit, uh of, uh room here Okay, so I can trade up to, um Basically, uh, a 3.6 almost 3.7 Uh contracts or or bitcoin All right, so now That's a it's a really good question, uh debbie because uh, this is uh, what you can do in here And it's totally up to you. You're gonna have to find what works for you Uh, now, let's suppose you want, uh, the power to be able to trade two Well, then take your, um, a 3.6 right Divide it by two Okay, so then, uh, you only have two bullets basically Each one would be 1.8 Okay now if you start losing you will not you will not have 1.8 any longer Uh, the your balance maybe goes dips below the 100,000 and you may need to use 1.7 for each one All right, so uh, just be aware of that If you have big gainers in here, maybe you can go to 1.9 or or to 2.0, uh for each Or you know, so up up to four lots, uh total All right, so keep that in mind now um, maybe uh, if you have the three and and um, let's see 3.6 Uh, and then divided by three, uh, and maybe you use you want to use 1.2 Right and then now you can get in three times Okay, so you can kind of average in and scale in and out of your position All right, so it's up to you now the way to do that is in here Uh, read let's reset it first in the size, uh, and then click on one here Uh, and then I would recommend just uh, uh typing it in here 1.2 for example Uh, and then you're good to go All right, so now we can come over here and place an order Right and uh, there you can see on my position is now 1.2 and um That that's it now I can add another one in here now it's 2.4 All right Okay, so uh, anyway, let's flatten the position All right, and um That way you can scale in and out. Uh, so, uh, basically, um Yeah, let me we'll we'll wait and maybe see something a little bit better and I can demo that again But uh, does that answer um any your questions? Debbie now for you for you for those of you who are new to bookmap Uh, let's go to the learning center Okay, so go to bookmap.com Uh, and then go to the more button here And then go to the learning center under resources right here Under the learning center go to this getting started, uh course right here All right, this will bring up a host of videos under each section here Adding symbols displaying elements etc Open the one for trading and we'll scroll down a little bit here In here, there's 1 2 3 4 5 6 different, uh videos in here for trading You'll see the one here for placing orders and using your trade control panels the two above it These will probably be the ones you'll you'll uh access and use the most Okay, so if you're new to book mapping you want to trade from the chart, uh, you can watch these videos in here There's also trading from the dome, uh, which I can demo for you And uh, uh, also, uh, you can you can trade using these buttons like I showed you earlier all right Okay, so because we've selected up here trading from both chart and dome all right Okay, all right. Well, let's take a look at some things in here now, uh, and uh Let's also, um, I want to show you another thing Uh, and that is bookmap on the higher time frame Just a minute Okay, I'm going to use bookmap web And uh, since I'm since you already signed up for the, um Um Competition, uh, you can log in right here Okay, and you have free access to this, uh, you can look up to and access one month of, um, a bitcoin data here From the drop down let's select multi book And then also btc usd t And we're good to go Okay, I'm going to deselect some of these here so that uh, it's easier to see And now we have one month of data in here All right, we can go to one week And get our bigger picture perspective here. So look look at this. So for the week here We have consolidation range Breakout up into almost this 24 or 27 500 Big pullback, but look how, um The market has accepted above this consolidation range previously Hey, it bounced off of here and came back up, uh, and just couldn't get into this 500 yet So, uh, and that's where we where we currently are And uh going back and forth in here. So we can look at one day, uh, as well, uh in here Let's let's do that. We'll click on that. Uh, and then this is one day of, um, bitcoin activity in here You can also add candlestick charts if you want if you're a candlestick chart trader And, um, uh, yeah, you can even take the heat map off here and the volume dots if you want Uh, and just look at your candlesticks Okay, so for example, uh, you know, we're we're kind of uh We see this kind of red candle candle at the moment moving down Uh, so look for this swing down here around this 27 20 27, uh, 20 level And well, we're already through that Okay, so let's go back to our higher time frame for a second here And let's look for let's look for some sort of setup in here. It's odd. Not sure what happened there Okay, well really not seen much maybe maybe we're looking for a bounce off of this on the shorter time frame Uh on the higher time frame here. Well, we've got two big red candles. We've we've had a retest back up here And we've and we're coming back down again So bigger higher time frame in here. This could be a really nice move We could see a break of this, uh, uh level around this 27,030 or 20 And then back down into like a 26,970, you know, something like that Uh, even even lower, uh, so we might see a really nice move in here on the higher time frame Okay Let's look at actually one hour Uh as well Yeah, it's just bouncing around in here right now Hey, but uh, here's the move earlier today when the competition just started Little consolidation range move back down. Uh, and now you can see that we're moving kind of back up here Is what it looks like All right, so let's jump back here, uh and take a look And let me get to any questions here Okay, thanks maxime He's helping out And let me Go back to youtube and see if there's any questions there Hello, Louise. Thank you. You're answering lots of questions Trading with bookmap gpan is is a is a pleasure. Um, uh, you really don't have to think much and um Just trade right from the chart. So, uh, I'll I'll go over the basics here for you right now, right? So, uh in this window here, this is where you can trade from the chart if you hover over it you can see it's a you see your Arrow or Your cursor and a little dollar sign on it, which means you can set orders So the way it works with the one-click trading in here, uh, it's it's it's very simple Uh any left clicking in here? Will be a buy order it depends on where you are in relationship to price So if I click Left click down below price. This will set a limit order. Okay. Now. Let's test this out here Uh, I have 1.2 limit orders. I can, uh, select another one or add another one And I can add one more right now if I add one more after that I should be over my Margin and I should get a margin call or it should not allow me and there you can see the order rejected And it says why because I do not have enough balance or margin to submit the order Okay Uh now you can cancel all orders here or flatten it. It's the same thing basically flatten is a little different Uh flatten will close any open positions first and then cancel any open orders Okay, canceling all open orders would be this button here Uh, all right. So that's limit buys. What about market buy? Well, let's just zoom in a little bit here Uh, you if you right or left click above current price That'll be a market buy. You can see I just got filled right here Okay And if you um, want to exit that position, let's hit flatten Okay, and now you can see I just I just exited the position position right here Okay, so uh bought here sold there All right. Now Let's go over um any any questions on this Okay, so that's right clicking now. There's there's one more Uh type of order that I can set in here But you need to hold down the shift key and then left click above the market Note that this is now it says 1.2 and it says stp for stop. This is a buy stop All right, so let's see there. I I just got filled. Okay. See how the market hit it and turned into a market order All right, so that's how that works and um So you might want to um I'm gonna I'm gonna hit flatten on that you might want to use this If you're looking to get taken into a position And I'll show you some interesting things you can do especially in the crypto market With your your stops like for example in here Let's just see here. Let's see if we get it right now You'll see that a lot of these algos will follow up underneath here uh, and uh, if they do they usually um Will push it uh price up into uh other areas of liquidity If you see that uh, you well, you can you can place your buy stop above here And just look to be taken into the market Like like see see what I'm I was talking about right right in here See how they'll just kind of push that up Okay, and now they got out of the market though, right, but we'll look for that behavior again Uh, and then you know go with the side of the uh, there we go. So let's see if we can get it here Right, and we're going to try to go with that that algo Okay, let's see there. There's a little bit of that behavior in there And let's see if we see it again in here. Yep. See see what I'm talking about now We're up into this level of liquidity here. All right, so Uh, it's up to you you want to hold it. Well, I don't see any reason to get out yet Maybe you can come up into uh 27 90 Okay, now see the see how it kind of flipped here now So maybe you want to get out of your position. This is very short term trading in here But if you want to scalp this is a delight Okay, here we go again. There's that algo still pushing All right, now we we're getting some resistance up here, right? So I'm going to flatten the position now at that point okay, um, and uh Anyway, we'll get we'll get back into that kind of scalping Type of opportunities in in book map in here. It's it's a really nice feature This heat map works really well with some of these, uh, uh, crypto markets Okay, you can really see this behavior, uh underneath and above, uh, the, uh Current price and and you can see how Uh, there's really not much buying in here. Uh, it's just selling that pushes it down Okay, and then you can see a little bit of flip here right right now a little bit of volatility usually You know, uh, you you'll see this carry on right. So look at this here. So we're getting buyers. There we go All right, so let's let's uh, let's see if we can get it back up into here Okay, and I'm gonna now what I'm gonna do as well is I'm gonna well. I was going to right click up here Uh, and um, well, let's just see Yeah, I'm gonna I'm gonna right click up here Okay, and I'm just missing it. All right, so Anyway, let's just flatten it. Um, and um Um Guy there is some volatility in here The moment pushing it all over the place. So this is probably a higher time frame level Uh, it's just trying to figure out what uh, what we want to do here And it's not really not really but it is at a swing high here at the moment Okay, and it's uh, this is where it price dropped from earlier, uh in here So just keep an eye on this little area here the swing highs up and the liquidity is up here at 2,700 Uh 27,100 All right, so now we've covered, uh, the the buy Stop the buy market and the buy limit order Okay, now let's cover the one-click trading for the sell side All right, so uh, the way to do that Is with right clicking in this window here. So let's right click in here Okay, below current price and you can see now. I'm short 1.2 coins here All right, so, uh, that's how you do it Uh, and then if you um, you want to buy it back Okay, well you can uh left click above and that'll be a market buy And then it flattens me. Okay now my position is zero All right, uh, let's do another, um Let's do a, um A limit sell Okay, so let's say like, uh, you know, I'm looking for a pullback or something Uh, and I'll be a seller uh up here for example Right clicking is always a sell left clicking is always a buy So let uh, right click above the market and that will Uh set my 1.2 coins here as limit Okay, and this will stay in the market here until I cancel it Okay, it's good till cancel here All right now you can also move these down for example left click hold and drag Okay, I'll move them up whatever you want It's really a pleasure using this now note As well that the behavior in here is all recorded So you can see when you got in the market and when you moved it And where you moved it to A really really nice features for the one click trading Uh, now let's also uh talk about um, I'm gonna set a couple in here Okay in the same area. I'm gonna cancel those Ah All right I want to okay, so let's let's uh flatten this and I want to demo this here for you um Hmm Let's see I think it's probably gonna come up to this 100 here. Uh That looking pretty good So what we can do we'll instead of setting the limit um, um sell by left clicking I'm sorry right clicking above the market And we can we can add this actually I hear here it comes um but um Note that I clicked here twice now. I have two orders. That's in the parentheses here. Uh, we have two orders Okay, and you can uh expand this and uh, you can take one of them out if you want my left click holding and dragging or drag it back up here Uh, and then you can move them both together if you have them together. That's a really nice feature Uh, and there's another thing to do in here Is that you can use your center mouse wheel here Uh as a um button and click on it All right, and you can see what it did it cancelled one of those orders and I can cancel the other one too Okay, so you don't have to Cancel them individually, but you you can uh um You can do it multiple ways in fact Hey individually you can cancel this one by um clicking on it here and coming down to clear or cancel Okay, and now I just have one left in here. Okay, or you can use your center mouse wheel, uh, and then uh, um Click on it. Okay. If you hold down the control key and click on it. It will cancel all Okay So we're going through all the functionality in here I just want to go through this for the trading because this is the time to do it Uh, you guys can trade your hearts out for the next, uh, Uh, I don't know 46 hours Right So get good at this uh in here, uh, again, you can use your bracketed orders here Set your your take profit and your stop loss Uh, and then let's um, let's actually uh Yeah, let's let's do that. Uh, and then I'm just going to go long in here Oh hold on All right And let's zoom out a little bit and you can see that it placed my stop loss down here And my take profit up here 60 ticks, right? So, uh Uh, and then I'm going to move that down to 100 because that was my target There we go. And now it filled All right now the oh, I mean, this is a bracketed order. So the stop is filled now, too Okay, just note like I said earlier Using these bracketed orders here will take some of your margin Um, I believe that is correct. Um, um, Maxime, I don't know if you have any, uh, questions on that or, um, any comments on that I'm still, uh, short here one. I'm actually short now position Okay That was by accident. So I'm just going to cancel that Let's see what else Uh, the cell stop hold the shift key and then we're going to, uh, Right click below Uh, current price. Remember if I right click below current price, that's going to be, um, A, uh, a market sell Okay, but if I hold down the shift key and right click now, you can see that's a cell stop Hey, if it gets triggered or it gets touched, this will turn into a market cell All right, and let's just use our center mouse wheel and click on it All right, a nice little move here, uh, up into almost 27 150 Uh, let's zoom out. Let's get our bigger picture perspective here And see what's happening. Okay. So what do we have here? Uh, we've gone above the swing here Uh, and uh, we have not hit that 150 yet Now this is something that we noted in crypto and now we're going to start to get into some strategy in here Now these would be some we're going to be trading on very small time frames in here So keep keep that in mind. Uh, we're not looking for a bigger, uh, picture, uh, type of moves in here, uh, at the moment Okay, that's up. It's up to you how you want to trade. It's basically the same thing though Uh, on on all time frames that the order flow events that we're looking for All right, so let's see if we can get continuation here. You can see that the market did not Watch the sellers come in now Okay, we're back to support now. Let's see if we break this in here This is a good area to maybe put my cell stop Okay, let's see if i'm looking for the market to take, uh Break through this area take, uh Fill my trade here and then come back down into these, uh previous levels here Okay, now i'm basing that off of okay. This was a strong move But here we made a lower high and we don't see much, uh buying at all Okay, but what i'm looking for is big selling down here Exhaustion up here and big selling down here and now we're touching that liquidity got the trade uh Or at least they they got filled here That high liquidity Okay, now note Because we're looking for this as a scalp and a move back down to uh 27 100 Our order was here. It was below this uh swing here Okay, so um In fact, you can look at this on multiple time frames. Maybe a smaller one in here You know something like that now It's not working out. It's moving really quickly. Um But the concept uh is if this Happens this scenario happens, uh, then i want to be short down here And then i'm looking for the move lower All right now i didn't get filled Well, that's good because then i didn't have to take any of this risk So it would have moved against me and and likely stopped me out pretty quickly Okay, i was looking for this scenario and i had my reasons for it Okay, and here we go again Uh and uh now i'm gonna cancel this now. This is not a good idea now Uh because it's gone too far Okay, I would take it up here Uh instead at this point and trade it back down to the bottom of the range here And then take some off and then maybe look for the continuation after that All right, the reason being uh is that Price came up uh continued to to trade into high liquidity And i'm i'm looking for the break i'm looking for the sellers to come in And now they're starting to come in But um We're just looking for kind of a retest here a breakout and a failure and a back and a move back down to this 100 Now the the market's moved away from there So now we don't want that trade idea is is is pretty much complete any questions Debra I don't know if you're uh watching the webinar Let me jump over to discord and see I don't know who's in here Uh, okay. I've got a few people here Good morning guys Uh guys, I'm not chatting in the uh, well, I'll jump over quickly. I'm I'm actually chatting in the um bm dash Trading dash competition um room. Okay, let me let me show you where that is Okay, so uh, I here here we are in the voice channel here Scroll back up here and you'll see it here Okay, and that's that's where i'm answering questions in here and this is this is the place to go In fact, uh, like I said earlier if you scroll all the way to the top you'll see some links that Kamal put in here In different threads Hey, so you'll see a lot of You know reference information if you need it. Uh, yeah, this is being recorded rob and so All right, see now This is this is kind of the same setup we're looking for before so let's hit our Uh cell stop here Place our cell stop here now it's still still trending up Right. I'm looking for a rejection And it's not rejecting that's still trending Okay, so now it's gone a little too far here. Uh, I'm going to cancel that one And I'm going to clear my drawings Just uh, just a thing to note here Uh, a lot of times in these crypto markets You get these really strong moves like this and it completely rejects Fails goes down below this area and then goes, uh, not only into the mean Kind of reversion here. Uh, it'll go quite a bit lower And you'll see it again and again All right, so we were prepared for that and it didn't happen Uh, and no no harm no foul All right. Now we got exhaustion here some selling coming in here Now let's see what the order book says now we have some sellers here. All right. Let's let's hit Let's try this again. We'll place another stop. Uh cell stop here Okay, it has to break this consolidation range There we go. Now we're filled And now where's it going to go? Well bottom of the range is a good place Okay, now it's gone pretty far. So maybe it'll even come back down to the bottom of this range It's up to you how you want to manage it Uh, the guaranteed or more guaranteed. I should say higher probability would be the bottom of some of these smaller ranges to begin with And just looking for a quick scalp here Okay, now this might turn into a bigger move And so maybe I'll keep this down here Okay, now another thing to take a look at here Uh is where to place uh this uh the stop not just by structure but by the order flow now See look at this. I'm gonna I'm gonna exit the position here Okay, because I I don't I don't see a lot of sellers here All right, so uh, let's uh, let's get out of the position here Well, they're gonna break it Okay I think we got it here And hit it. There we go. Okay Um, so, uh, yeah, I was going to exit the position. Uh, anyone know why? You know, what was my thinking on this? And it's it's risk avoidance here Uh, and uh, you know, I got filled here and it worked out Uh, it it trended it completed the like a flag pattern in here of um You know strong move pull back strong move Right, uh, but uh what I was looking for to begin with going over this strategy here Uh was a move to the the bottom of the range here and that that's basically it You know, maybe this range here Uh, and then what we had Let me uh, let me Exit this here cancel all drawings what we had instead is strong move pull back And then down here look at this This is not what I'm looking for This is exhaustion here. I'm getting I'm not seeing sellers here Okay, it bounced back up. It made a lower high here Uh, we did not get a lot of buyers in here But a lot of times this is where I want to avoid the risk because it was trending up We got the move down below the range here And then exhaustion Buyers can come in here and move it right back up to the top of the range And I want to avoid that risk. I've got some profit. Uh, and I'm gonna I would take it off Okay, now this is kind of hard to demo all of this here and you know, it worked out to the better That it came back down here And completed the pattern basically But uh Look for this little double bottom pattern in here. You'll see it a lot Okay, uh, you'll see the um a rejection here and you'll see strong buying actually Right around in here. Actually, this is where you're you're looking for those big green dots and it'll pull the market back up Okay, now it's actually starting to do that now Uh, but uh after uh, it it came back down and did a little consolidation range in here Now we're getting a little bit of a pullback and a breakout here from this small range Okay, I know I'm going through this quickly but note these small ranges of consolidation Okay, especially in crypto a lot of times it just consolidates and consolidates and consolidates And then you get a strong break At least that's been my um Experiences in here, uh, you know guys, we've got a lot of other crypto traders in here We can have an open mic in tomorrow's session if you guys like Uh and go through Uh other people's strategies and what they're looking at Hey, let's see if we can get the sellers come back in here now note what we were looking for earlier Might be turning into another a stronger pattern in here Okay, so a strong move to the upside Uh pull back here And then not so strong here Hey, this is a head and shoulders pattern in here. I don't care about the head and shoulders part Care about the order flow within it and the shift and change happened here up here Okay, and we were lucky enough to grab that here All right, so uh anyway, um Now uh to to play that pattern out. Well, here's another pull back Right and you're look now. What about the selling down here? Was it good? Not not really Not really, you know, well, let's see. Let's just we'll play it this way. We'll we'll hit the, uh Market sell and we're just looking for it to come back down here and we'll see All right. Now if it doesn't come there and it comes back up here, I'm out Okay, the reason being is like I'm looking for uh a continuation here Uh on to the downside And this in this bigger pattern here Okay, and I'm just looking forward to test down here and then maybe it can break out now. I should get out Okay So I'll cancel I'm sorry all uh all flatten Okay, now that that did ultimately reject Okay, we're back down here again But we're starting to find some buyers in here All right, here we go again now now let's try it again sell again and uh, let's keep an uh Our button here on the flatten. Okay. I'm basically the same thing, uh right again Same uh same price almost the same price uh, uh levels Okay, here it comes again now this one will probably break Okay, and I'm willing to take that risk Okay, and uh, uh, let's see where might it come. Well, we can move our stop We will place it or our limit, um Take profit down here Right now we're looking for a break of this range right and this would be our head and shoulders in here We can look at a measured move in here Okay, I'm going to do this kind of quickly for the measured move Uh something like this right Usually I use lines Okay, and it kind of fits uh makes sense that it would come back down into here All right, so uh now we just have to let it work out Okay, and it's uh, uh not working out at the moment not yet Okay, we need more sellers in here Hey, what about liquidity? What's liquidity look like? Well, we're getting squeezed here Okay, top of the range. Let's see if the sellers come in now All right, so let's see top of this range here So this is turning into more of a range bound trade actually not a head and shoulders pattern But we are prepared for that and I should have I should have just taken it out here Uh, I let myself get squeezed here And uh, that's that's all I'm can handle here. I am out Okay, that was that was a bad decision Okay, originally it looked pretty good in here, uh, and then looking for the continuation here, right? For a head and shoulders pattern to complete And then we got a bunch of buyers come in Right, and then I should have gotten out up here like I did before On some of these other ones don't want to accept the risk Okay, these are again these are just considerations Uh for for your trading And this is uh, we're not advocating. It's not trade recommendations. Uh, we are just demoing this in book map for you guys and we want to uh Help you make better trading decisions basically Am I using the software in here and reading the order flow? Okay, so let's let's go back to the read here. What was happening up here? Well, this is kind of out of the blue Uh, didn't didn't see that uh come in here. Uh, in fact, what what might be happening here This was a head and shoulders uh that rejected. We might get a bigger flag pattern in here Uh, to be honest, uh, here's our breakout our pull back and then maybe uh continuation here Okay, it looks like it because look at the strong buying in here. Okay, let's see More buyers should Well, let's do it. Let's just take a take a stab at it. There we go. Well, that was quick Okay, up to 200 And uh, we're out Let's zoom out here. We're missing our bigger picture here and you can see I'm only trading 1.2. I You know, you can trade up to 3.6 or 3.3 Well, it depends on what your balance is but some somewhere around there 3.6 Yeah, well bitcoins. It's a little volatile right now Debra, just we're we're gonna go through that process like we have the last Several days same thing same checklist Uh, and just look for something high probability now, you know, this is where You know, you you guys know that I kind of poo poo the Uh and look down upon the trader psychology But there are some things that are kind of important and that you need to know The most important thing that will really help with trader psychology or at least Denounced trader psychology is look for your setup Know your setup That's it If you know your setup and you manage your risk, uh, and your setup should have a positive expectancy You studied it Uh, and you know that it has an edge. So just wait Right. So now this is you know Kind of a double-edged sword with the with the competition Because yeah, you can wait for your setup But you might lose the competition Therefore, you know, you're kind of encouraged to over trade in essence We'll be careful with that Right when you start to feel that You know, know what you're doing because you can get hurt really really quickly Especially with if if you're trading your max max margin here. All right, so Anyway the um, yeah back to the the trader psychology fear of missing out Uh fear of needing to feeling that you need to trade if you feel that stop Okay, so debra. Don't you know, we're looking at And this will help us stop Let's look Backwards here at all of this Okay, what's going on in here? Who's in control? Uh, and who's moving the market? Hey, what is the what does it uh market tell us now? What are the aggressors? And the behavior here in the auction. What was it telling us? Okay, well, we have high liquidity up here They were still trending up Hey, we were prepared for a move to the downside And we got a bit of a squeeze here All right, and then we did see oh, okay. Well, you know, let's take a quick scalp here to the upside Now again, you know, these are these are really really quick moves in here But uh, that's what we're here for in these webinars to go is go through as many Trading exercises as we can All right, think of it like your your poker player the more you trade Uh, or the more hands you play the more experience you get now a big difference though Is that you're looking for something specific then playing the most the most hands that you can All right, so let's let's let's just calm down a little bit here and let's look for those things All right, and then this will simplify it debora, uh, and I keep uh using you here debora as a The go-to person as an example here, right, but we'll simplify the process in here So what do we see right now? Well on this time frame right now, we're still trending up I don't see sellers in here I mean, I do see a bit of selling in here, right, but Uh, in fact if we see buyers up here I want to see more buyers here then this is a possible setup here, right? We're looking for a curl And then continuation on up All right, so uh, we need to see buyers though To do that now. We also want to see the order book help us. Okay. Do we see that? Okay, well not not really there's a there's a little bit underneath here, but it's this is really you know It's pretty volatile right now Uh, and but we want to see this kind of liquidity here underneath here Right, uh underneath here That's what we want to see And then we want to see green dots up here. Are we getting green dots? No not yet Okay, so order book we don't have much here to justify this continuation on up into 220 Uh, nor, uh, do we have the order book on our side here? Okay, so we're going to avoid it Okay, we this is where we want to see buyers, right? Okay, we're not seeing that for that continuation It's hitting this trend line just just perfectly All right, so but is it is it trending up? No Do we see buyers in in this kind of um, a bit of a flag pattern in here? No All right, so what are we going to do? Nothing We're going to stay away from it We're going to look for something better, right? So let's let's just take it. We're going to kind of um I'm going to cover something new in here, uh as well something. I've kind of noted through uh observation and crypto markets Okay, let's uh Uh look for what where are they buying on the low end in here? Well, here they are Well, here they are again right in here Right, I don't see too many sellers get in the way right now Uh either so I I know in here I see buyers. Let's see now. Do they buy again that we just dipped into it here If they do Then this might be pretty good All right, so let's prepare for it and let's put our buy stop up here Okay, because we know they're buying here in here All right, and it's just dipped into here and we don't see too much buying but it's back up All right, so we're tracking Where they are buying Okay, so maybe we'll get our move then And now we're back down here. Let's observe Are they buying here? Okay, this is this is where we need to see buyers here. Okay off the trend line See a little bit not much Okay, now this is about as far as it can go here And we should see buyers here if if they are still gonna gonna support, uh, their position here Hey, we're looking for buyers Okay, so uh, this will help us, uh understand like, you know, exactly what we're looking for Uh, and if they are buying off of these levels, then we're gonna go with and lean on these guys in here We have the uptrend We're off of a trend line here Uh, and then we're looking for these buyers to support it here and here And um, we're we have our um our buy stop up here ready to go and we're waiting for it to to set up or work out here and uh Yeah, we we're still we seem to find a few buyers in here, but uh, not really though It looked pretty good in here, but maybe maybe uh, they kind of stopped buying now Well, maybe it's the opposite scenario We should be looking for and a breakdown here of our trend line and our trend and then come back down into maybe, uh, the swing here Or we've got liquidity at 150 and then at 110 and 100 Okay, see see debber like if we if we if we know what we're looking for in here Something specific now this idea Um, it is not working out All right, but that's what we were looking for and we were prepared for it Right the opposite scenario is playing out here right so Uh, we can cancel that order cancel all And we miss this one All right, we were we we talked about it That we would see sellers down in here. In fact, we were we were set up for it previously um In some of these other areas in here and then we got it we got squeezed in here All right, so anyway, this was not random what we were looking for and it was based off of Observing and understanding Uh conditions of the auction in here that we're looking for All right, so we move back down into Where these buyers broke out from? Okay, I imagine we're probably going to see some covering in here Okay Now let's take a look in here Okay So we got we got the high liquidity filled here here and here Okay A bit of buying starting to curl back in let's see if they can lift it back up to 120 Okay, a little bit of support in here Uh Or a demand in here kind of tenuous Starting to pull now and add a little bit lower Okay, so now let's just take a look at this level in here. Let's take a look at those buyers again. Okay, we have buyers here in here And they're starting to here now too Okay, so let's do it again Looking for a buy stop And let's see if we can get back up to the top of the range here and maybe more Okay, we're in Okay, we're almost back up to the top of the range Now top of the range, this is kind of catching a falling knife here, right? So we have to be kind of careful So that's why a lot of times in the webinars, um, you know, I talk about like taking some profit up here Instead of uh, yeah, I'm just going to exit it here Looking for those buyers again down here the the idea was to to take some profit up here And it just wasn't quick enough. It was a it was a quick scalp Uh, and then uh, uh, that's okay. We'll just uh, we'll just exit and look for the next Okay Nice move down beauty Okay, we had our reasons here The little bounce and support Uh, let me get back to questions here. Um Yeah, uh Arian, I I I imagine there's a lot of algo traders in here. Um That uh are Probably in the first, um, you know top top five slots or so Not sure Hey, so don't worry about it. I mean like, you know, we're we're here to uh, um Learn about trading I and um I get better at reading order flow test our strategies test our metal here You like the volume bars, uh abby. Yeah, me too Yeah, it I like the volume bars and and the dots because the volume bars they are they really stand out Uh, however, the dots show you exactly where in context. It's it's transacting, which I really like Yeah, yeah, we missed this uh Kind of upset about that Surprises you'd go below here, uh the 100 But we can we you know these markets move right back up here and then you can find those buyers again Uh, just like we were previously Uh Debra and and others like uh, if if this we're going to go through again and again A lot of these scalps in here. Um, however, uh, if this is um A little too much Uh, just zoom out Okay, and look at your bigger picture Uh, and then just go through the the process a little more, uh With ease here, uh, let's clear our drawings for example Uh, and then look at this here. All right. So, uh, this is a breakout of this range here. No question about it, right? A nice nice breakout up into 200 and it totally failed It's back into the middle of the range now All right, so, uh, this is another thing through observation. Uh, you know, do your own back testing uh A lot of times you'll see the crypto markets, um Have this false breakout like this come into the range and then, um Not only go to the other side, but bash the other side and then come back into the range again Hey, I mean the es and and uh, uh, the nq do this as well. Uh, however, um Uh, you really see it in in crypto In my opinion And let me get to other questions in here Deepa you got uh connected Uh guys, uh, also take take some screenshots. Um, we'll cover them. You know, we can go over them now if you like Uh, but uh, definitely tomorrow, uh, we will So, uh, probably easiest way to do it. You could just go over to the, um uh discord, uh channel in the, um book map trading competition, uh, and then All you have to do is it's pretty simple like, uh, if you take your screenshot. So for example, let me, uh, let me just take a screenshot here right Okay So I just took took a screenshot in here, uh, and then what you can do is uh, you can mark it up now. I'm using, um snag it here for example, uh, and uh, but you can just copy it Uh, and then paste it now another way to use your screenshot Is up here in book map create a screenshot click on it Uh, there's multiple ways to do this. You can go directly to your twitter facebook page here Uh, you can copy the link, uh, or you can save it as well. Let's uh, let's copy it here. Okay Uh, it says it's copied. Uh, now I can jump over into discord here Okay, and then I'm going to right click and click paste Okay, and then here's the link And there's the image All right, so that's a very quick way Uh of putting these charts in here if you want and I'd be happy to review them Okay, we'll we'll do that. We'll go through performance reviews, etc Okay, we're still looking for a decent setup in here. Uh, we found some on very small time frames, but uh Uh, the one that I missed here was this and yeah just uh irks me here. Um This is this was nice. We were looking right at it too We're looking for a bounce off of that Instead we got our break and that's where that's where like, you know, we should have set our um, uh stop up here to Sell stop in here Okay, now look look at this. Uh, this is another reason, uh, you know to consider, uh in In bitcoin and in this competition Now to take your profits This is a hundred percent retracement almost was about 80 percent or 90 percent so far Okay, so the market doesn't know what it's doing basically It's all over the place Right and that's what deborah was kind of referring to but these some of these smaller moves in here in the order flow Are are pretty high probability We can see them unfold All right, so, you know, let's suppose that you were looking for your uh, your big move in here Uh and to the other side of the range down to 2700. Well, you're not sitting too pretty right now, right? As this is squeezed back up against you Okay, almost to the entry here All right, let's let's jump back look at our bigger picture again here. Uh, and let's look at, uh We can look at our candles Or we can look at, uh Book map here On the higher time frame Yeah, so this is book map web and like I said, uh, you guys have access to this Uh, free access to this 2760 Yeah, this is this is not right. Let me I'll I'll double check on that. Maybe I have the wrong instrument But I I selected multi book btc usd t Uh, and the price is not the same All right. Well, let's zoom in here strong move pull back And uh looking to see if we get another strong move here and then trade up into 160 170 liquidity here Okay, I don't have enough here for to justify that but um Back there's some exhaustion sellers Hey, let's uh, let's draw our trend line again trend channel All right, so when we draw our trend lines in here, we're just looking at market structure Uh, the back and forth within a structure and that is no different than you know When we look at microstructure the back and forth within here too Same same idea Okay, so look there's our there's our 160 pop up into 160 Okay, still trending so you can get up to 170 Now I just didn't have enough to buy up here is too much risk Into this liquidity and also this is where it dropped from It's outside of the structure There's some exhaustion exhaustion Okay back up again Still pushing still pushing All right, and they they pulled up here at 170 And moved into that. Yeah, just yeah, it was not going to take this It's just too much risk Let's clear our drawings Let's look at our structure again starting to break All right, then let's take a look here. What do we have here? Well, we're trending up Uh consolidation and continuation of trend Uh, and now it seems to be breaking here But it has to get below the 150 here, uh, basically Okay There you go Now I should I should have jumped in on that um But let's let's take a look here and we'll wait and wait it out here Okay, so we do have some sellers coming in Hey, we got a pullback Yeah, just not enough not enough to hang our hat on quite yet Okay, so this is just back and forth in here. This is what white cough You know says is distribution or accumulation and You can trade it Uh and trade the ranges Just make make sure you're looking for something that's uh higher probability in here Like a rejection down here. There was some selling in here You you'd want to see some exhaustion there And then you want to see those buyers come in and they they did but back up here Get back to questions Any questions? Yeah, see see how we can we're stinging away from that back and forth in here I mean you you can trade it and and you could make really good money in here Uh looking at the bottoms and tops of ranges in here But it really is kind of a You're kind of going into a blind I mean, there's certain ways you can do it if you're quick enough In the order flow and that's it's definitely possible Uh, you know, you're looking at this little area of consolidation maybe down here Break of it here. Here are buyers. I look to maybe take some profit up here or here initially Maybe you can come up to here ultimately All right, let me get to some questions in here And I might miss this so that's gonna drive me nuts. All right. Let's see here Yeah I'm gonna miss it Yeah, let's let me get back to questions. I don't I don't quite quite trust it yet Looking for a nice little sell-off in here. I just don't see much in the order book here helping us You know, we're looking for something definitive And when we see it, we know what we're looking for in this scenario Uh, I can't open the gold chart here. I just have crypto open Yep upgrade, uh ex-suicero. Yep to 7.4 build 18 or 19. Uh, and you can connect Okay, David, you have the latest update, uh a book map version Okay Register for the contest. I've been trying to find the symbol. Okay. Well, we went through it earlier Uh, there is a video for it. Uh, I can try to help you out here Uh, first things first. So you have 7.4 Uh build 18 or higher, correct Next thing is when you connect to book map in the run options window make sure you connect to Real trading trading real so look in the lower right hand corner. It says trading real Okay, that's important. Uh, otherwise you won't be able to connect And now you you now just being aware too, like if you have your es or nq open You will be trading in your live account as well. Uh, so Yeah, make sure that uh, that is live. Uh, and then uh, you need to add in here your trading simulator And then book map data And select them both Okay, once you've done that then you click on the plus tab here and then you will uh, select this this is the configuration that you need here Right competition multi book usd t Uh, and then uh, one hour one tick if you can if your machine is powerful enough to handle if it's not then use 10 And then granularity is uh 0.01 And then let's close then click subscribe and uh, you'll it'll it should pop up here now to trade from it There's one more thing you need to do you need to open up your trade control panel And this will not be selected here. You'll need to add the um, panel here, uh, which is the Cross instruments trading panel Okay, once you've done that then you click on start here you select uh from the cross instruments BTC usd t for the competition. It says it right there Select that and then uh, click on start Then you'll see this light up here and you can select it and then trade from the chart the dome or both Uh, and then select your size And then you should be good Okay, so this is really turned into some back and forth in here Uh, and don't really have a bias in here It came from the upside That's nice. Uh, and then it's been just back and forth in here And uh, yeah some good buying that just came into at the top of the range here That's about it Uh, you know nice selling in here. So it's really back and forth Okay, there is a connection video here I can show you I'll share this with you So you can get up and running here so For anyone who cannot Connect watch this video here. Uh, it should help you Okay. Yeah, thanks. David. Yes and yes. All right. All right. Well, um Yeah, let me know if you're still having issues. Uh, and at what point you are Where you're at in the process Now let's go through that process again in here Right and identify buyers and sellers initiating potentially initiating buyers and sellers Okay, well, here's some selling here Right and they're still selling there. Okay. Well, here's the buying down here and here Right. So this is the back and forth. Uh, uh element here. We're just uh Talking about right. See see the buyers come in again here Right. So we know that right is it the volume dots in the in the move in here Show that now this is back and forth in here right now Uh, we also want to look at the order flow the order book Uh current and historical in here and we don't see much right now at all. It's just back and forth in here Okay, so again trader psychology on this we we stay away until we see something I mean if you really want to scalp but but you you got to take your profits really quickly like buyers are here They'll likely take it back up to well these sellers here or maybe up here So okay that it took it they took it up to these sellers here and these guys are Are they back in a little bit? Now we have the order book here as well All right, so maybe we can get a break of this range here. Let but let's see. This is where the buyers are, right? All right, so what if we get below it then now? This would be a quick scalp Okay, i'm willing to take that and then maybe down to the bottom of this range to this liquidity here All right, i'm prepared for it And see but we're getting our buyers yet again in here and here they are here this time Sellers are here yet again They identify the buyers and the sellers And now look the the uh algos pushing this down And yet again we found buyers here Maybe this is a good way to go We'll just continue on with the uh micro micro structural type stuff or smaller time frame here I just hate to do that because I don't want to uh Uh Get people all going all sorts of different directions in here Okay, we're looking for a higher probability Uh setups in here Something more likely uh to uh unfold All right now do we get our buyers in here not yet right not yet And now we're back up here, but I still don't see them I don't see much of anything right now I do see the order book coming coming up though at this area here 144 Uh, and uh, there we go. Okay, so now we're filled Okay, and we're just looking for the bottom of the range in here You know somewhere around in here Okay, and this liquidity in here we had our reasons for it right had our reasons And let's see do we get filled So it's right there there we go. So we just got filled Right. So again, we're just trying to keep the the the process, you know We know what we're looking for And then we're we we go through the scenarios in here now We do this every day in these webinars. Uh, now we're putting it to the test in here Uh, and what and we know what we're looking for on this time frame Okay, now this might turn into a higher time frame move though And that's uh, that would be unfortunate because we were waiting for that But now we're down here at at this swing here Okay, well, let's see if we get some uh, maybe some profit taking or buyers or maybe not Maybe we just see sellers continue and they're going to reach down to this uh liquidity down here Well 110 is coming into the book and also this 90 level here, which they were at previously Uh, should be using rhythmic. No, rhythmic has nothing to do with this. Uh today david It's book map data. Actually, it's the multi book product from book map Okay, you can see that this is actually connected to only we we set it up this way for the competition Uh, it's if you look on the upper left hand corner is btc usdt Uh for book map futures only All right, so let's see here. We got some interesting kind of move a spot odd move in here To the downside not too much selling but the buying came in In these kind of odd little spots in here Okay, so well that could be more fuel to the fire to the move lower here So, uh, let's uh Let's see, uh, or or the other scenario which I you know, I don't like this kind of um, uh price action order flow here whatsoever Uh, not really clear to me. Maybe there's they're buying here uh But uh, uh, yeah, yeah, thank you. I guess you can make that case. They're selling up here. They're buying here right So we know that it's dropped here But on a trending move we're looking for a pretty strong sell volume to move the market away from an area And we're not getting that here Right, so really we're not looking for a trending move here Uh and continuation David if you um see rhythmic up in and here you can remove it, but you don't you don't need to Uh, you just don't connect to it deselect it That's all Now you can add it later if you want you can add, you know, many you can add dx feed rhythmic, um You know, whatever you want, but uh, what you need for the competition is bookmap data And the trading simulator add on All right, so we we got about 15 more minutes left here. Let's see if we get anything here Uh, trying to uh, trying to find something that Unfold here Uh tomorrow, I think uh, what we'll do is um, we'll go through some of your trades. You can place your trades in here. Um Okay, alexander you say you can't close your position hit flatten Or you did and you still can't close it really That should do it Okay, so we've Found our sellers yet again here This is this is really sloppy price action in here That's another thing I noticed about the crypto markets. Uh You get that Yeah, uh, yesterday. Okay, so, um, uh, louise, uh, yesterday. Uh, yes, I had some issues as well Um trying to close a position Hey, this is looking much better now. God. I just I it moves a little too quick for these for these webinars. Um And I think it's uh might be gone. Uh See here Yeah, I just don't I don't trust it in here. This is not the strong move. This is this is a nice strong move here Uh moving it away from this area in here Uh, but I want to see the the continuation move Initiate up here And I just don't see it All right, let's get back. What are that? What was I saying here? Um about, uh Oh the uh simulator. All right, so if you go to your configure here Uh add platform scroll back down here Uh, you make sure that you have the new sim trading simulator here Version 1.0.1 All right, so you may need to, uh Uh, uh remove your old one and then add the new one in here And that that's what I did actually this morning and that's probably why I had a kind of a strange hiccup connecting this morning. I think it's because of that Okay, well, let's see here Go through looking for another another setup in here. Okay, potentially another move to the downside here. So first strong move Uh consolidation looking for our second strong move Uh, you know, I'm gonna place a a sell stop here Uh in 1.2 positions here And now I want to avoid the trap Uh, but I'm looking to be looking for this strong selling which we are getting here So now I'm looking for that continuation, right? Now if this just reverses immediately, I'm just gonna get out Okay, because it'll come back to the top of the range and maybe even higher here Uh, this will be a trap and I don't want to be part of the trap. I want to be uh in the trending move here All right Okay, and we can look to maybe take some profit down there. Yeah, it looks like that looks like it might be a potential trap here It's still in play But if it gets up to that 27 120, I'm just gonna hit flatten Okay, and I'm using flatten a lot here. You can also, you know, place your your orders in here. In fact Let's do that. Let's do an oco order here. Okay, because my position is short Right now an oco order cancels the other one cancels the other So I'm short. So I want to be a buyer. I want to hold shift and uh buy above and then Left click down below here. Uh, and then there's my stop and there's my take profit Okay, let's let's look and see if we can uh put together a measured move in here as well right Okay, and measured move, you know, I just been covering it is so visual But we're going to just line it up with some liquidity in here, uh, which looks pretty good All right, in fact, uh, I'm going to line it up with uh I'm going to move it up just a little bit and and look at this liquidity here And that's not what I'm looking for right. I'm looking for sellers to take it down not a lack of sellers here So we we're open for the squeeze here, which is which is exactly what's happening right, so Notice that I should have gotten out earlier on that All right, but I just took the stop loss So we can use our brackets too like I said though, this you know, uh is um Uh may take away some of your uh, I'll get back to you on that with an answer But it may take away some of your buying power or uh purchasing power Okay, look at sellers coming right back in Hey after the squeeze to the upside here still looking for the directional move here Get some selling Hey, wait, let's just I'm just going to place another stop Hey, I'm looking to be taken into this and looking for a follow through Okay, it's already come back up here and tested this area here And I'm looking for more selling pressure and I know that there is more selling in here Hey, look at the bars. Look at the dots All right, so this is just went up to the top of the range Uh and um knock knock me out I then came back down into the range and see some heavy selling in here So we know the sellers are here in here, right? And then we can avoid uh any other kind of squeeze shenanigans in here. All right. I'm going to do something a little More interesting in here now it is going to be in line with what we're looking for Because we see sellers up here again All right, so we know there's sellers in here in here So I can actually move this up And look to trade it back down to the bottom of the range here Uh and then continuation here so I can get a better entry Right now. I kind of missed it here. I would have loved to have put it right below this buying dot here Uh and then and then I can look for it gives me a little more kind of a breathing room here for this to work out Okay, and I can move my stop down here I do not want to see buyers back up above that area here And look at that exhaustion. Oh god Exhaustion pure exhaustion here very very little selling here Well, at least the bottom of the range here. That's what we're looking for It's already it's already tested the top of the range That's going to test it again Look at that Didn't get stopped out. That's crazy it should have There we go now I'll get stopped out Funny Boy, that's hanging on by a thread there Come on sellers. You have the top of the range here Just simple auction theory drive it back down to the middle of the range or bottom of the range here That's it It's really paltry buying in here, but yet they're they're they're able to kind of move the market back up All right, we had our idea Basically wanted to be in here and got in a little bit lower And then moved our stop down to the top of the range here and we're going to get stopped out There we go, okay Yeah, it's still I This does not look like a lot of buying to me back up to here That's pretty small Small amount of buying All right, dan. You saw a block order moved now Alexander, how can I close it flattened is disabled? No, it should be Oh, okay. Well, yeah, that that's actually funny. I mean your position. What is your position though? The position is up here p Right and it should be at zero if you've hit flat flatten Okay, I know that you see I can see 1.2 here as well, but I don't have it in the market Right cancel all you know cancel cancel flatten, but I still see negative 1.2 I don't know why Right should be zero Guys here comes our move again Let's see if we can get this to unfold here Right sellers are still in control from here after all that Really crappy price action and the sellers to control here Right and then here comes our move here Right. Is it worth it? Is it worth it? I would have liked to hit the button here Yeah, I'm going to do it bottom of the range again. I don't like it But I'm looking for the move to unfold I see more selling in here and I'm going to go with that trend Right. I don't see really much in them In the way here until we get down into some of this these liquidity levels here Yeah, pretty horrible entries But the concept is we know what we're looking for here Seller still in control from this point on up here Okay, I had a nice little stop run up in here And then now we're looking for the stop run down below here and continuation of the trend here So we're looking for both the liquidations And the move lower into this lower liquidity in here And the liquidations I haven't talked about much. We'll talk more about the add-ons. I think tomorrow You guys should have access to anything global plus in here Okay, and I don't see any liquidations here recently Boy, this is not what we're looking for either bottom of this range. This is exactly not what we're looking for Well, we might get a retest in here And then see those sellers here And then take it down Right, but see this is our double bottom pattern in here Uh, now, I don't see any buyers yet for the squeeze, but they may show up here And if they do I'll just exit again That's fine. I'm looking for something very specific to unfold And uh, that's that in fact Let's see if we can even do this Uh, I'm going to add to the position down here though Whoops. Now. I cannot that that isn't that is a bug Okay, I should be able to hold shift and then Right click below here and I cannot all right. I'll have to get back to the developers on this guys Sorry about that I should be able to put my buy Our sell stop down there. Let's try it again. I don't know why it does this, uh, but Yeah, it still won't still won't allow it. What if I hit market sell? Now Come on sellers. Let's see it We've already had our our squeeze or our move higher. We saw more sellers We're just looking for more sellers now to complete the move lower Now I would have loved to lever leveraged into this a little bit as well But I did not have the opportunity Yeah, maybe I can now I don't like doing it. Um, but looking for that continuation here Let's see No, still cannot anyway. That would be a nice nice little move here Uh, let me get back to questions Same problem. Okay. All right guys. Well, we'll get back to you now again like a Look for the updates here. Let me show you where uh, if you guys haven't found it already It is in the discord channel. Uh, it is here. Okay, so go to the book BM a dash trading dash competition That's it. Okay, and you'll see all sorts of stuff in here All right, and that's well that's the hub here for all communications All right Okay, see how we got another pullback now again We can look at this again like where are our buyers and sellers still right? Well, we know the sellers are in here Okay, and we found some buying here Okay, we got to we got to push through that Okay, and so far this is just a pullback here And sellers still the strong move here Okay, so now Is where we're looking for more selling up here, right? Let's just take this across Or lack of buying Okay, and the order book here. Uh, we want to see more supply At this lower level here Let's look for that and let's see the reaction to it be if there's sellers here And then come back down into at least the bottom of the range here and then looking for continuation And not getting it. No sellers showed up Interesting Now I'll give it to the top of the range here. That's it though There's a lot of this kind of back and forth in the crypto markets. Yeah. All right So, yeah, like cut, you know, these areas above these little ranges You'll see them tested again and again Now again, this is not on a lot of buying either Oh god Another thing in here about the I can click the flatten button here. I don't want to I I still think that We're gonna get this move here to downside but uh Lewis Okay, you oh, you're not you're responding to alexander. Yeah All right. Yeah, I'm getting pretty ready to hit that. Well, I won't have to and you get stopped out Okay, that's that's unfortunate. I wanted to see that this move Uh, continue on down here. Uh, and this little bit of buying has gained some momentum here as you guys can see That was pretty tricky move. Uh, and um Yeah, this was to me. This is looking really good for that continuation down here That's fine. Um Okay, so uh maxim there's a bug with the working orders number doesn't mean that uh, You have any open orders. Okay. So there's your answer, uh on that Uh about what you see is negative 1.2 right here All right, so, uh, it's a bug Uh, but you can see it's your position that matters here All right, and let me see here uh, well Answer any more questions that we have I think I've answered everything All right guys. Well, anyway, uh, we'll go through. Um We'll go through some more, uh setups and details in here um, and also some better risk management, uh, the um The thing that it just kind of bothers me to to to do here. Um is I don't We love going through the low the lower time frames Uh, and as many examples as we can uh, but the um You know the the higher time frame moves if we do see it. Well, of course, we'll take it Uh, but you can't You know Manage you got to manage your trade if you're if you're in on the lower time frame You're looking for managing it on the lower time frame All right, so in a few of those we look for some quick scalps. They worked out onto the next Right, so this is this is turning into a much higher time frame type of move here And it was to begin with We're looking for this move lower pull back continuation move lower uh, and uh instead, uh, this is turned into uh You know something else I don't this is kind of odd odd buying up in here, uh, and uh, I Really don't have an idea where this might be going right now Uh, let's just zoom out a little bit here Yeah, it's really it's really choppy in here. I mean the one thing we do have here Is if we can get enough buyers in here, then this is a You know move back up into uh our 200 or even higher here Okay back up into tops of these ranges here. This is this is strong buying now. They've just popped in recently all right now and Let's just look at this time frame here and we'll leave it at that and then we'll move on All right, so on this time frame here. This is what we've got Okay, we do have a break of the of the trend here Uh, and uh end the end the trend channel here all right, so Does it accept uh and uh continue on higher? Yeah, we'll take a look here Uh a bounce off of this is pretty pretty normal and then looking for continuation All right, it broke it broke outside the range now. It didn't accept above here In fact, you don't see buying up here All right, so this is pretty pretty tricky little market right now Uh, I would look for uh again the scenarios would be the selling uh down below here oops selling down below Uh or uh the buying back up in here Okay, they need to buy back up in here Uh for this to continue on up into 200 It's just they they just need to uh, there's there's not enough uh buying up here All right, so anyway guys, uh, that's what I see so far. Uh, and um Yeah, let's leave it at that and I'll come back tomorrow and let's try to build up build up our our equity in our account here again Uh, and then tear it all back down again Just kidding. Uh, let's we'll build it back up again tomorrow We're going to go through some uh of your trades Uh and debrief as well as we're going to go through Uh correlations uh and confluences so we didn't touch on that today We're looking at more of the kind of raw um price action and order flow, but we're going to look at the um Uh liquidations in here, uh, and we're going to look at the market pulse, uh as well If you guys have questions about trading from the dome that that's fine too. We can do that. Uh, and um Whatever kind of questions you have Basically, uh, let me show you something. This is what you've got Okay for this competition If you go to bookmap.com and you scroll down Okay to the packages in here. This is the version that you have for this competition You have access to everything that is global plus So what do you get? We'll scroll down here. Uh, and then we're going to look at the uh bigger, uh, Kind of list here. Uh, so this will be the side-by-side comparison Here's global plus and let's scroll down. These are all the add-ons that you have access to here Okay, all the advanced add-ons. There's quite a few All right, so look at that long list here Okay, so if you have any questions on any of these add-ons in here, they're all included with global plus All right, so we can cover any of these in here Uh, I tried the break even point. I wanted to demo that for you guys. It does it does not work at the moment in this, um trade simulator But we can look at correlation tracker We can add like the es or something else if we want to look at correlated markets For maybe another confluence For looking for the continuation of a move We have the Well the sweeps indicator We can take a look at that if you want absorption indicator We have all of these add-ons in here as well as the Market pulse, okay So keep that in mind Ask your questions tomorrow Guys, thanks so much for coming. We'll continue on tomorrow And go through quite quite a bit more. All right, so Answering your questions and also debriefing we can share the mic and get into More details as you like. Okay. Yeah. Thanks for coming everybody. And we will Catch up with you tomorrow at 9 a.m. All right. I think Jay trader is still going. Uh, maybe he just finished Uh, it took up some of his time going through the crypto stuff in here But scott is on tomorrow for futures Anyway, let me show you the calendar one more time before we go here Hold on over in youtube Okay, uh go to bookmap.com the more button here and go to the learning center there, okay Uh, and then in the learning center here, you can go through these getting started videos and how to trade From the book map chart and then our calendars down here And you'll see all the crypto events. Okay, so here's today. Wednesday. This is this event here tomorrow thursday 9 a.m. Here And then friday at 10 a.m. Here will be our debriefing in am a ask me anything And this is the end of the competition. It will end at 8 o'clock on friday east. These are all east coast times here Okay Thanks everybody and uh, we'll catch up with you tomorrow. Good trading best of luck in the competition We'll uh, we'll see you tomorrow. Take care