 Okay, so welcome to the bookmap live order flow advanced analysis risk disclaimer trading equities and futures involves substantial risk of loss is not suitable for all investors past performance is not indicative of future results and if you haven't yet found us on Twitter you can follow us here it's at at bookmap underscore pro and then also you can also subscribe to our YouTube page here and any videos that are uploaded you can get alerts for it etc. All right so okay so as you know this is the advanced webinar this is only for those in trial or currently using bookmap current customers okay so what we'll just jump right in and start looking at more of the advanced analysis immediately any questions you have about the the platform that's fine happy to go through it it's it benefits everybody but we are much more involved here and in live order flow analysis and understanding how to use bookmap and the insight that it it gives us to our advantage okay so there's something I first want to cover and that is oil okay because the other day last Wednesday when we had the inventory so let's see this is here's Friday Thursday here's Wednesday okay so here was the sell-off here okay now the news was actually good and we actually tapped it to the upside here after the news and then the inventories and then then we just we sold off for the rest of the day the next day as well we came back down tap the bottom and then the bind stepped in so what was really curious now I'm looking at an hour chart here an hour candlestick chart so let me zoom in just a little bit okay was we saw it around this level around this 4741 just tremendous amount of absorption okay on the way down and we know that that that actually occurred it was it was factual we saw it right in front of us so that is what I'm trying to go through here is we're looking at that and watching it on the higher time frames where they know in the moment but we're you we're using that data here not for order flow for just a quick scalp here or there but we saw something really interesting occur and unfold that led to this move to the upside that we saw on Friday okay now we're trading back down but we'll see if the buyers are still engaged here and in crude but my point is that you can extrapolate what we saw in book map for much higher time frame and bigger picture as well we know that they were absorbing here okay that was that was evident and clear and you wouldn't have been able to see that it would be very difficult in other charting platforms okay we can see the big volume spikes here and we saw the absorption take place I was looking for it all day long like I thought we'd see a real nice move to the upside I thought it would fly to the upside instead it did not we consolidated lower we found the buyers the next day all right down here and yet even at the end of that day we didn't really get much it happened the day after that on Friday and then you can see the big move to the upside but we know their position here all right so look for that all right and know know that and keep that in mind that this area here was where they were again getting into their positions and now we have an understanding we're taking the factual data and we're putting this together into our our trading our trading plan okay or our story of just understanding where they're positioned and how moves like this can take place all right so it's the reason I want to cover that in and I covered it the last few days was that first off it's objective and it's factual secondly you can use this information on much higher time frames okay so it's not just some you know amazing scalping tool all right so just by putting all of the pieces together here and understanding really what occurred is is the key here and then putting that together into a plan all right so it's down here that you really see the buying the initiated buying coming in pushing it to the upside above this 4693 area and we get one more little tap here and then moves the upside okay so anyway that's what I wanted to cover on that let's take a look at oh I don't know maybe we had nice luck with the NASDAQ on Friday we can take a look at that again or maybe maybe we'll take a look at crude as well since we're already here and we can see that it's been selling off this morning and we are I don't really see any interesting levels on this hour chart you know maybe kind of a POC area here but it's really down to like this 4750 area and then our 4740 that we had previously drawn you know back on back on the 15th on Tuesday okay other than that I don't really see much here in this chart let's look at maybe 15 minute okay yeah not 40 4740 is it as well as maybe we can take a look here we can see some initiated selling here around 4822 and then this is where we broke from here all right and we can see we already had a retest of it and then we continued on on down all right so let's take a look at crude and what's going on okay so I'm also now on the I'm sorry that's gold here's crude I'm on the V contract okay so for for October okay so we've rolled over into that that new contract okay so well here's here's what we got going not bad not bad all right we we can see the move to the upside here nice break here down below all of this trading activity and you know same same patterns again and again that we were looking for are we gonna accept down below this area if so or are we gonna come back into you know reject out of the area and come back into the range well it's very clear what what happened here okay we accepted lower we had retest up here to basically the this 4822 area and then we continued lower all right so that's what occurred and unfolded here in crude now it's getting interesting down here look at this kind of rounded bottom and this is what I covered also on Wednesday that this is a very strong pattern here and you know you see absorption absorption absorption and then you see the order flow change and you can see the change starting to occur here okay look at the higher highs taking place here and and a higher lows as well okay and these breakdowns look at how these break downs slowed okay let me zoom in just a little bit more this zoom vertically as well okay and let me just adjust this heat map a bit it's kind of hard to see and that's a lot better okay okay so I'm yeah looking like we're gonna come up here and maybe try to grab some of the stops up here at 4820 if they can just push it a little bit higher maybe we'll get up into into 28 okay where we previously broke down before right that's what we're looking at just earlier but okay so this pattern here very very powerful pattern because it takes a while for this to kind of you know turn over but we can understand the majority of the players in this pattern okay so the breakdowns here although we see more volume trading at lower lows okay we can look at that all the way through starting here lower lows lower lows lower lows all the way through here nice flush to the downside here okay and we still see down here after you know 1045 we're still have we still have more volume trading at lower lows okay but look at the breakdowns in these areas here from here and then this little area at 1045 the breakdown is only a couple ticks okay and the breakdown here is only a couple ticks as well okay and let's zoom into this area here because it gets pretty interesting and we can see that we get one more test here and then look at the volume that traded here on that retest okay this is the double bottom and it's not as much volume as previously okay if we're going to continue on trending lower that's what we're looking for is more sell volume occurring at this area okay and it just didn't unfold okay and in fact this is where the order flow changed over right here we see buyers start to come back in okay now microstructure I mean we can see that there's a little area here that we broke and we see some some buying starting to occur at a higher area okay we kind of go back and forth and back and forth and then finally here we get that break and we have nice cluster of volume trade at a higher area okay a higher high right so that's a shift okay that order flow had shifted over okay and we're just talking about the transactions right now not the heat mapped so much the heat map though is well let me finish up with the the transactions okay and the volume and we still we're now we're starting to make higher lows as well and we can see the volume trading at some of these levels okay there's very few contracts now which is the opposite on the other side here okay and in fact that leads to this nice move to the upside and price discovery to the upside here alright so and then we see another higher low here down into this little it's going to be a cluster as well we could also probably look at some structure here and we can kind of you know have a line go across here somewhere around here I mean you know somewhere between here and maybe here I like it here just because of this little swing to the upside okay this little swing here and and that's exactly where we come back down to as well alright and and at this point look at look at the volume that traded here look at the volume that traded over here and we can see it's a lot of aggressive buying as well alright in fact we can also have another horizontal line as well here and let's see if we get a pullback right down to it now okay so and then then we'll see what you know if there's a lot of selling here or not okay if there's not we're looking for right now if there's not we're looking for buyers to step in okay and let's see if we we get it here aggressive buying okay and we can see the high liquidity is here up at 4814 175 contracts okay here they come okay now you know we never know if if you're looking for that you know initiated buying you know this is it this may leave the station before you get involved okay so it's one of those things you know we always have to assume some risk right now there's some things happen in here that I actually I don't really like too well and I just want to make that point before I get to you know analyzing this area I want to make this point here that if you are playing this game with the looking for that initiated buying you know getting filled on with your limit order is going to be kind of tricky right I mean you can place it at some of these areas but you just don't know if they might follow through to the downside okay and if you want to what you could do is you could place a buy stop order up above in this area looking for that initiated buyers to take you into that trade okay that's that's a possibility or you can just start to wait for big green dots and then just jump in with a market buy okay but if you're looking for a pullback at that time especially in the thinner markets you probably aren't going to get it okay so be aware of that now that said there's a few things that I don't like in the order flow here that doesn't lead to maybe higher probability of looking for that extension to the upside number one is I can see all the way through here more aggressive sellers at kind of these lower areas here okay even in this area here look at them getting more aggressive in this little area as well right here at you know back around 1109 or 08 at 4797 okay so we're also at the figure here at 48 of course so that is kind of making it a little more convoluted this picture as well as here right they're starting to offer not at the highs okay they're getting aggressive okay they're and they're lowering that offer as well okay so it's not just it's just not quite as clear of a setup okay now it might rock it to the upside at this point it's a strong pattern as we know but I'm seeing some other things in it that maybe you know starts to subtract some of the the interest at this some of these levels here that is coming through in the heat map okay it's the heat map that is giving me that insight here okay so now you can see we're integrating the transactions with the heat map okay and getting some insight there and looking for just a higher probability a more insightful trade decision all right now if you it's up to you and the way that you trade for me this would start to I would want something I would look for something to be a bit stronger and this would keep me out of the trade I'll just keep you know sit on my hands and let this let this play out until I have more insight to what's going on okay I also don't like it that we I was looking for originally that we saw this nice move to the upside I'm looking for this area up here 4820 okay because I know there's gonna be a lot of stops up in this area okay we didn't get there okay in fact where did we go to well we went right to in this little area here let's just take a look here because I want to put this within my trading range okay and I'll show you why okay I want to put this into my trading range here because I want to look at the the the profile of that activity here okay here's the volume profile right so I'm looking at kind of the level here the POC the VWAP POC is here at 4814 which is interesting that's where we saw those limit orders right at 4814 and our VWAP is up above just a tick or two okay so this the fight for the kind of the POC for this little area right here was the auction it failed to go higher okay so now let's zoom back out okay and that's what occurred here as we go across all right so now I'm combining that with what I'm seeing that limit order book where they want where they're getting aggressive and we have you know the potential for something that we talked about on Wednesday unfolding here and I've seen this we see it all the time you see nice very nice pattern here okay this rounded bottom like this it's a powerful pattern and you get one test and you'll get another retest and then you'll get the continuation to the downside okay so let's see if we'll get that we'll see if we get our retest here okay with into this kind of 14 area here and if we do not hold it and the buyers dry up I'm looking for first stop is going to be probably right here at this 93 area this line that we drew in previously okay that's also going to be the POC as you can see here most traded volume here okay in fact this looks to be for my session at least the most traded area here all right so and then it will be a fight for that area here and see if the sellers might even be able to take it below that all right okay so I see your your question here Glenn so let me let me just try to simplify this first so that you guys can look for it in kind of a step process here okay we were reading the transactions number one okay and where they were occurring and then we saw we were reading them in this area here and we saw that there was a switch right right basically here at this low you know double bottom retest and then we started to see the order flow the transactions and the aggressive buying flip over okay they were sellers more in this area here and they started to come become more interested in buying and we saw a nice move here to the upside okay we started drawing our structures okay so that was number one was understanding the transactions number two was setting up our our structures okay and then looking for time and volume to do occur above some of those structural areas okay and beautiful little retest here with low volume this is a low volume pullback okay into where it broke from previously and due to the amount of volume that traded up here we'll give it a retest and we is exactly what what occurred here okay because the market can trade up here not only is there were there other traders transacting up here there's also liquidity here okay I didn't like this aggressive liquidity here on the offer as I mentioned earlier but we we trade into it it looks like a lot of it was pulled some of it traded and then we get nice volume cluster here and then we see the follow-through to the upside okay so number one looking for the transactions and the and that to shift okay number two drawing in your structures okay and and then number three starting to understand the auction okay understanding the behavior here as well as in this area here right that we didn't really quite like too much so as well as going back into step number two and that is structure okay we anticipated the move to occur up here okay around this 47 yeah or 48 19 or 20 okay we didn't get it in fact we we got was the we went back and we looked at that in our trading range and we saw kind of you know high volume node right here at what I think it was 40 it was at 14 was where we saw that high volume node in fact we went up above it a little bit higher but and then we completely failed we just want to tick higher okay so so let's do it let's do that once again okay and just go through that process reading the transactions okay reading in a trend in the downtrend more volume trading at lower lows you know lower highs with less volume and then the switch happened here in there in the transaction the transactions okay so and then we broke the structure here we actually initiated and broke it here to be honest but that's pretty microstructural and can be kind of noisy it's a lot cleaner here and then and then we have less volume trading in these areas here with higher lows okay looking for price discovery to upside we come up into another line that we had drawn here okay and that was due to the swing here but there's some other stuff going on here as well as you can see very very clearly right so I'm drawing the structure understanding the the transactions and then looking to that that limit order book here as well and what's going on in the in the auction okay and so far so good I mean we here's our retest so far right now we're getting we're coming up to it again here okay let's see let's see if we get follow through to the upside okay but I'm still you know I'm staying away from it right due to the limit order book and what it's been telling me okay it's just factual data and looking at this data gives us the of the insights that you know start to anticipate some of these moves now look at them getting aggressive here okay we just saw them stepping in at 4809 and it's now here comes our let's see if we get follow through to the downside this the this is looking pretty good see if the sellers really take control here okay first stop is going to be down here at this 93 area it looks looks nice they just they need to hit the bid pretty hard here there we go we need we need more though we need some more selling here okay we broke down below 48 okay 48 is the key level and now we're testing right back up to where we broke from it's a battle I mean look at you can look at the transactions here okay so starting to change you know a little bit here I mean it's both sides are in the game here you know sellers aren't dominating yet okay now now they are okay now let's see if they step in here and start buying again at down down at 93 they were all we're just testing into it okay we're up at 94 I saw the the bid yeah the bid came into 93 a few times here okay all right down below now high liquidity here at at 4790 okay and they've been here for a while right I like it okay and 4790 that is our POC down here okay so let's let's be on the lookout here how these buyers are gonna gonna handle it down here how far back in time do you want to look to see where the buyers and sellers are determined support and resistance Glen it's a great question you know I think why I reacted so strongly to what we saw on Wednesday was I was just seeing massive orders getting absorbed and I was I found it a little a little shocking and to see that happen so quickly and and we continued to the downside and it's just like wow okay 700 contracts just went through the book really quickly and then it went down another 300 400 500 and that's where you know I thought wow this thing is once those sellers stop selling this thing is gonna fly to the upside and it took a couple days it was a it's a bigger position that's that's you know getting getting filled there or bigger bigger players so how far do you want to look back I mean if you can see that you know if you've collected your data for several days or for the week then you can go back and visit those areas and take a look or you know just even if you're just recording your data each day you can go back and take a look and and then you can start to put that together with your bigger picture okay so your bigger picture plan is whatever it is that you trade I mean you're looking maybe for you know RSI indicator to switch over or maybe you're looking at candlestick patterns or maybe you're looking at a swing swing high and lows and you know putting those all together but you still understand where all that massive absorption took place okay so yeah go back and take a look I encourage you to take a look and see those some of those areas and you know what might even be more helpful to be honest so let's okay so first off okay we're we saw that move to the downside here it was looking good before it happened you know we were anticipating that move we saw a little bit of a you know kind of battle go back and forth here with some of the buyers but sellers took control we are now down below that there were that POC area okay and we just kind of created a new POC it looks like here and looks like sellers you know they've they've got they've got control here right so I'm looking for continuation here to the downside okay now we need to mean they need to get involved here else the buyers can step in and because we're right basically at that point of control anyway let's let me show Glenn what what I'm talking about here so let's just take a look at let's look at the ES okay we're looking at a 30 minute chart here and look for where some of the bigger moves happened okay and then look what happened maybe before that okay looking for that absorption okay like for example here okay this move to the downside well I mean it we know what's going on up here I mean this is a distribution pattern right I mean we have kind of like a double a double top but it's also a double head and shoulders okay shoulder head head shoulder right this is a classic distribution pattern I would start to look at maybe this area here as well as up here look for absorption that happened on August 14th okay and then also look at August 16th and up in these areas here and start to understand you know what's going on in you know how are the larger players you know getting in to their positions or getting out of their positions and then we're looking for the initiated selling to occur okay and it actually happened looks to me like it happened right here kind of pre-market when we had our retest again at 10 here on August 17th okay you can start to understand these areas here and understand what's going on in those positions positions like we were in oil you can look for nice moves like this and capture them okay so yeah bigger picture stuff you can just you can see what I'm talking about here with using the order flow on that higher time frame okay so go back and look at those charts and and study those areas and then put together a plan that works for you okay alright well look look where we saw the sellers in control okay we noticed that we see that continuation to the downside alright okay so you know you're welcome Glenn okay so look I don't I've said this many times in the past it's not about being right it's about reading this correctly we read this correctly okay this is a really nice pattern here we saw the order flow change over we're looking for continuation to the upside okay we started to look for where it might go right we also started to note the limit order book telling us a little little something different here okay and this is exactly that pattern that I was I was talking about on Wednesday as well this is a perfect example it's not we actually got one more test right here I'd like to see the double top and I'd like to see it fail but this is exactly or this is more or less what that pattern looks like we come up we you know we retest we don't find the buyers sellers take control again here just above 48 and then press down to the downside okay so so look look for these patterns okay they occur again and again and again and we're we're putting those pieces together before these moves actually take place by understanding the positions in the order flow and and how they're behaving in the limit order book all right now now we have really nice absorption down here at 48 or 4780 okay and what about our what was our our price so we're looking at I think 4740 right let's take a look back here let me zoom out a little bit yeah 4740 was our or 41 maybe yeah 40 was our level okay so we still have a ways to go we still have about 20 cents 22 cents more to go there so good stuff do you guys is this is this making sense is it is it is it coming together for you would you like me to go through the process again you have any questions about it okay you can see I'm integrating you know a lot of the kind of volume profile and auction market theory into this as well now maybe you don't trade that way but still you can still look for all of these things I mean you can still look for the transactions and where they're occurring you can also look for what's going on in that limit order book okay let's see what else oh Homero the structure lines are really really simple I mean this is about as basic as it gets for technical analysis so let me let me go through that and then I'll get to your question here Josh okay so you know I'm I'm really just looking at you know you know basic areas where there's there's been structure in terms of like consolidation and then a break of that right and that break happened here okay and then the break I mean we can draw a new one in now too because we've broken below okay and I would say it's I mean the swing is actually here right so you can put it here okay we can also maybe put it in maybe this kind of area as well maybe you know if we integrate it as well with this little cluster up here you know kind of just looking understanding like I don't really like I mean this is these I'm actually making it harder for you Homero you know we want to keep it really really clear just look at breaks of structure and and where structure okay again here you know we can we can draw like a the rectangle here okay all right so very clearly we can see this is where we had a little swing okay and then we we broke above it and we accepted retested where we broke and it still accepted okay and then we saw the break down occur in real time here okay so it's really really simple stuff and these are just horizontal lines I also like looking at the trend lines this is what I would recommend Homero let's go here okay and I recommend for all of you guys here since you are now in the you know the advanced webinar here this is this is where to go let's go to the playlist and we'll go to our education course okay go back through I mean if you know number one is pretty it's pretty basic stuff however that those basic things have a lot of there's a lot of significance behind them okay part two goes through the structure and identifying the structure okay that's where you're gonna learn how to draw in your lines okay and we all I also cover in this part here drawing in your horizontal lines too okay because we're talking about value and time and in transactions right and then part number three then we're starting to look for setups within this the structures okay so part number one is just basic mechanics mechanical things that occur in the in the marketplace like hitting the bid lifting the offer but it's extremely important yeah that's the way to go is like go go through that educational course because you know it'll it'll make it I think a lot clearer so let me actually I'm going to just let's just clear everything out here for a moment right because you can also look here at some of these you know why the market trends okay and we can have our trend lines and we have a break of a trend line right here right so there's traders that look at that you know they're looking for this break of this trend line and then they'll go to the downside they'll be engaged in in the sell side here okay but you know we can also see that there there was kind of a it was trending at least until it broke out here and then it was trending even higher but you can you can see the channel okay so this is value but it's not horizontal it's it's in a trending environment okay so market thinks well it's a little overpriced up here pull back okay and it this is this is where the it maybe got a little overvalued because then it really you know you can see what occurred here right we didn't we didn't come back and test this little area here we just came right to our at that point that was our horizontal line so I liked it better okay so not boy I'm I'm I'm sorry Homer I maybe this is a little too confusing but watch that second video okay that'll that'll clarify it okay okay good let's see Josh okay great Homer let's see you are asking about the more examples are great okay learning to trade use involving profile and book map so helpful to see well thank thanks Josh really appreciate it yeah I mean well we've kind of gone through the you know in the last few weeks since we've been doing the the advanced webinars and just jumping right into the order flow we've seen many times last week when we just didn't know it wasn't telling us something now Friday it told us a lot and we we saw it again and again like you know just okay well order flow is telling us like this is this wants to go up order flow is telling us this wants to go back down and we just nailing it one after another okay we nailed it today too and we we saw like what from what occurred what to anticipate and it told us something okay the week before that we were looking at the ES and it's just like well god you know it I'm not getting the insight it's I don't see the commitment here therefore like stay away like we don't know and then that was it was a good it was a good decision as well but until you until you see and start to understand you know what exactly it is you're looking for then and the charts you know very objectively telling you that well then then you know what to do you know how to act okay and one of the best ways to do that is by studying again and again right so for example I want to see this breakdown here let's see if we get the breakdown here and in crude maybe we'll come down to our 4740 but the a really great way of doing that as well and let me go back here I'm gonna have to make this bigger sorry is by looking at some of these features and components videos okay and then coming down here and I'll put these into the chat for you okay replay data and replay data practical uses so let me put these two two in the chat okay because you're gonna see them again and again there's one and here's number two all right and replay it record your data replay it and start to put the pieces together okay and if you're wrong go back and look at it why did it would did it tell you something if it didn't well then maybe it was telling you not to act all right in this case like you know it was today was nice it was telling us you know what to start to you know look for and anticipate and that was that was helpful okay other times you know it's not it's not as clear all right all right guys well let's let's call it a day and we will resume tomorrow and also Wednesday and then that'll be it for the week though okay so it's gonna be a short week and in some some vacation time here right end of August and then get back into it in early September okay after Labor Day all right right guys well you can go back and watch the recording on this it should be up in about I'll give it another hour and a half or so it takes some time to produce the video but I'll upload it to YouTube and that you can go back and take a look all right all right guys yeah thanks for coming and we will catch up tomorrow okay all right bye bye yeah thanks Elijah thanks Guido Homera Josh and others thank you