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Trading Low Volume Pullbacks, Understanding Market Structure — Transcript

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0:04good morning traders and welcome to the
0:06bookmap live trading webinar here uh at
0:10bookmap we're going to go through live
0:11analysis good morning and uh
0:14we do this every monday tuesday friday
0:16uh tomorrow wednesday we have live
0:18trading with uh j trader for stocks and
0:21live trading with uh scott pulsini on
0:23thursday uh futures actually this
0:26thursday he's off uh he will he will not
0:29be in on this thursday so we'll do
0:31one of the regular live webinars
0:33during that time instead
0:36uh risk disclosures uh just go through
0:38these very quickly and then we'll look
0:39at the live market here
0:41and really dig into the analysis all
0:44right so
0:45lots to go through
0:47general disclosure all bookmap limited
0:49materials information and presentations
0:51are for educational purposes only and
0:53should not be considered specific
0:54investment advice nor
0:56recommendations risk cisco's your
0:58trading futures equities and digital
1:00currencies involve substantial risk of
1:01loss and is not suitable for all
1:03investors past performance is not
1:05necessarily indicative of future results
1:07all right let's jump in let's take a
1:09look at bookmap beautiful opening here
1:11i've got a lot of data in here i've got
1:13yesterday's trading action as well
1:16uh we had a good read yesterday uh and
1:19then became a pretty tricky session for
1:21the rest of the
1:23rest of the day here we saw the move
1:24down we're looking for that move down we
1:27wanted to see it hit this
1:284425 area
1:31we looked for the
1:33potential reversal down here
1:36and
1:37had some good insights
1:39not only just order flow
1:41but uh
1:42it was a doug helping us out there which
1:44we're going to do an ama with him on
1:46friday
1:47and some correlations in there a lot of
1:49correlations
1:51and a beautiful move back up all right
1:53so you know very very kind of tricky uh
1:56session as you guys can see tons of
1:57sellers came in end of the day here or
2:00midday i guess uh
2:02and uh i traded right down into this
2:044425 which we were looking for earlier
2:07and just shy of this high liquidity down
2:09here now today
2:11uh look at them underneath here
2:14in the uh in the order book
2:16this was pre-market
2:18and yeah you know they
2:20sellers started to trade into some of
2:22this but look at the the boost here
2:23today and where is it where is it headed
2:26right up to high liquidity up here it's
2:28been in the book
2:30uh since i guess sunday night probably
2:32uh you know up here at uh this uh let's
2:35see here it's just about to trade into
2:37it or it already did
2:40okay around this 90 level up here is it
2:4290
2:43yeah in fact you can see kind of last
2:45minute here they pulled here
2:48they were up a little bit higher uh
2:50around this 92 area and pulled and added
2:53it lower here at 90. and they're just
2:55transacting here all right so
2:57um
2:58now we'll take a look at this in the
3:00into the bigger picture uh and
3:02understand what's going on uh good
3:04morning guys uh good morning jimmy uh
3:06and uh
3:08uh techy girl all right
3:11um
3:12let's uh
3:13let's check it out here well i mean
3:15so far so good
3:17you know more buyers they're they're in
3:18the book here 85
3:20and
3:21looking for more buyers up here now it's
3:23slightly breaking out here okay so
3:27you know kind of a bit of a slowdown
3:29here still buyers are still in control
3:32so we're still looking for them to break
3:33higher here 92
3:35and 95 we have the figure up here at 4
3:38500.
3:40all right so just kind of outlining some
3:42bigger bigger
3:44structural
3:45areas here to understand what might be
3:48uh
3:49trading here
3:51and so far so good i mean buyers clearly
3:54took control down here
3:56at 83. look at the buying coming in okay
3:59look at it how it trades into this high
4:01liquidity here and right through it
4:03uh and then up into that uh 90 and
4:0790 liquidity up here that had been in
4:09the book for quite a while and they just
4:11just moved it down to 90. okay so still
4:14looking for the move here to 92
4:15continuation
4:17all right so let's see if we can get it
4:19here
4:20we do see some selling starting to come
4:22in here structure is still bullish
4:24though okay that's important to note
4:26here
4:27right so these
4:28sellers in here there can be a beautiful
4:31stop run if we get enough buyers up here
4:33okay the question is do we get enough
4:35buyers up here at 90. and you can see we
4:38we didn't quite yet
4:41so sellers are coming in
4:43right now
4:44and they're going to trade it back down
4:46to this 87 level and maybe back down to
4:48this 85 level here
4:51okay they're going to try to get these
4:52guys upended
4:54these buyers in here
4:56okay so
4:58anyway
4:59we would anticipate buyers to still
5:02support this down at these levels here
5:0484.85
5:07because this is where they came into
5:08control of the market
5:10and that's why they're on the bid here
5:13and they're supporting it
5:15so all the way back down to even you
5:17know probably down to 83 here you can
5:19still be bullish in fact you you can add
5:22to your position
5:24or you can look for that as a possible
5:26setup here
5:28all right so anyway
5:29yeah they
5:31just couldn't quite make it here we're
5:33looking pretty good in here looking for
5:35it but
5:37no support underneath really in the in
5:39the order book and
5:40and not a whole lot of selling uh here
5:43to bring this to bring this lower in
5:45fact
5:45all right so that's like a low volume
5:47pullback
5:48right so let's see if we get buyers now
5:51to come in here right here 87
5:55and let's see if they can lift it right
5:57back to 90 here
6:01here they come
6:05there they there they go
6:08now i want to see them break 92
6:11okay because we have a lot of buying up
6:12here but i want to see them try to break
6:14this 90 level
6:23and now we gotta we have to go back and
6:24take a look at the bigger picture here
6:26and we will in just a minute here let's
6:27see if we can just get this order flow
6:29uh move here uh back up into 90 and
6:32break out
6:33okay buyers should support it right
6:35around here we just broke out of this
6:37small range here this is where the
6:39buyers came in
6:40so we're looking for them to support it
6:43and trade back up to here 89.50 and 90.
6:50all right let's see if we get buyers
6:52right here at 87.50
6:54that's what we're looking for
6:59let's see it let's see it buyers and
7:01they should get a quick pop to 89 and 90
7:03here
7:12not yet
7:13there we go all right so we should get
7:15the move there there's some liquidity
7:16there supporting it
7:18as well it's pretty far away uh we'd
7:20like to see it a lot closer
7:22uh but you know the the market tests
7:24engages uh the buying pressure in here
7:27if they put this if someone puts this
7:29much much liquidity on the bid what's
7:32the reaction
7:33and you can see
7:34there's been buyers here not you know
7:36not a whole lot but there's buyers and
7:38we're back up to 89 now looking for a 90
7:41and looking for the breakout here in a
7:42stop run we we already see a bit of a
7:44stop run here with the red line down
7:46here
7:47okay i want to see it break out though
7:4990 to 92 and above
7:54and yeah here's another test another
7:56test in here high liquidity just came in
7:58here as you guys can see
8:00it's a there's an iceberg buying in here
8:02as well
8:03and we can go through that if you guys
8:05like um uh so you see how they're kind
8:07of gauging here this they're staying in
8:09the book here and trading too
8:11uh you know it could be some profit
8:12taking there's our move to 90. okay um
8:15and they're trying to gauge the buying
8:16pressure in here
8:20so i mean that yeah they maybe they're
8:22they're getting out of their positions i
8:24mean they are transacting there's no
8:25doubt about that so they're they're
8:27sellers
8:30and we got to 90 and that's it
8:34looking i want to see the breakout of 90
8:36here
8:38see if we get another retest book looks
8:39pretty good i mean you know they're
8:41they're stacking up here a little bit
8:46okay on the bid from 87 down to like 84.
8:50and let's see it
8:52up at 90 looking for our buyers again
8:55i want to see this book really support
8:57it underneath okay you can see them
8:59coming in here a little bit more
9:02i want to see them really come up here
9:04though
9:04around 88.50 or maybe even closer and
9:08let's see if we can get the the buyers
9:10up here our green dots and then a boost
9:12up into 92.
9:15there they go
9:17and i see i'm going to see more than
9:18that and it's not bad it's looking
9:20pretty good looking pretty good there we
9:22go there's 90 92
9:25okay so 95 and 4500 the figure okay so
9:30anyway guys what we're going through
9:32here
9:33um
9:34and i'll show you on a more micro scale
9:36level
9:37uh what we're talking about uh in here
9:41can can everyone hear me uh if you could
9:43just i'm not sure if i'm quite uh
9:46reaching everybody can you just uh type
9:48a yes in the in the
9:51if you're in discord type it in the room
9:53there
9:53if you're on youtube type it in youtube
10:01slight delay on
10:02youtube okay thanks guys i appreciate it
10:05yeah yeah because i want to make sure
10:08we're
10:08i'm uh
10:10i'm not talking to myself here uh
10:12because what i want to go through here
10:14uh is um understanding
10:16um this trending move and sticking with
10:19the the direction
10:22and we're going to look at this example
10:24here um in in hindsight
10:27but we're going to go through
10:28microstructural levels
10:31okay we're going to go through and
10:32understand
10:34kind of hammer home our bookmap
10:35education
10:37and how to stick with these kinds of
10:39moves because that's what we were
10:40looking for this was the primary
10:42scenario now order flow can change in a
10:45heartbeat
10:46there could be just massive liquidity on
10:49one level a massive player comes in and
10:51just
10:52dumps their position or something like
10:54this or there could be some geopolitical
10:56event
10:57and all of this would change in a
10:59heartbeat
11:01that's trading uh that's the risk we
11:04always take and that's one thing that i
11:06i think as traders
11:08we all have to be very aware of that um
11:14there's always risk always it's it's
11:16basically unavoidable
11:21in fact the only time that i've ever
11:22heard
11:24of
11:24a riskless trade
11:27uh
11:28it was on a it was on a youtube video of
11:29uh they were interviewing a um a quant
11:33uh it was years years ago
11:35uh and it was about quote stuffing
11:39uh and stocks how um
11:42you could see quote stuffing in book map
11:44very very easily
11:46years ago it was fantastic in fact there
11:49were some oil traders that
11:52one in particular that i recall he said
11:55oh yeah i look for quote stuffing before
11:56i take my position
11:58but he counted on it
12:00so you know you can look up quotes quote
12:03stuffing but just to kind of finish the
12:04story quickly here
12:06uh
12:07throwing in tons of orders
12:10and also getting filled at the same
12:13moment it will kind of clog up the order
12:15book
12:16and allow you
12:18an edge
12:20to take a few ticks
12:23and uh basically a riskless trade
12:25uh to the point where like you you
12:27really aren't taking any risk uh and uh
12:30and being able to kind of guarantee a
12:32profit
12:33anyway uh you can look up quote stuffing
12:35and we can also go over
12:37a bit of quote stuffing in here we can
12:39add a column in here and i just want to
12:41show you
12:42we can add a column and we're going to
12:45right click in the column and go over
12:47quotes counter here
12:49this is showing the amount of quotes
12:51that are refreshed in bookmap
12:53okay or in the in the market here and
12:55let's let's move it uh over here
12:58to the front column here so the cqc
13:00column here
13:02okay so you can see
13:04now
13:05actually i'm going to change it into a
13:06session not chart range of column okay
13:08so for the session look look at all the
13:10quotes in here okay being refreshed
13:13in fact you can split this data out as
13:15well
13:16uh and
13:18we can look at buy minus sell quotes uh
13:22in here uh and basically a flurry of
13:25activity uh you know that it shows
13:28that there's interest uh in trading
13:32okay now you can see that there's been a
13:33flurry of activity right now around this
13:36area in here because that's where all
13:37the transactions are taking place
13:40but you'll you also see sometimes down
13:42here you'll see a flurry of activity
13:44uh that you know there's buyers down
13:46here that keep on refreshing
13:48they want to be buyers down here
13:51right so
13:52uh and you can get a lot of insight from
13:55uh from that um so yeah play around with
13:58the quotes quotes counter if you guys
14:00want but just wanted to show that
14:03and and cover that
14:06we'll hide that column now
14:08all right so let's see what happens so
14:09we got up to our 92
14:12and threw it
14:15no right to it and that's it
14:18okay we wanted more than that uh and we
14:21didn't get it and we see sellers come in
14:23but look at they're still supporting it
14:24here
14:25uh at uh at 86
14:28and they just transacted into that
14:30liquidity in here at 86.
14:32okay so they were on the offer here
14:35they're on they're on the bid now and
14:37they transacted now we're finding
14:39sellers
14:40they're going to trade into this 85
14:42level here
14:43okay this liquidy these buyers here they
14:45are still supporting it here
14:48and then they're still supporting it
14:49where this is kind of kind of cool to
14:52see like they're supporting it here at
14:5485.
14:55the move happened down here though
14:58okay around 83. so you can still be
15:00bullish down here even this could be you
15:02know
15:04like a trap almost you can see oh they
15:05broke through it we're going we're going
15:07down
15:09but buyers can support it down here at
15:1083.
15:14all right now it's getting a little
15:15trickier to read in here
15:17because we're starting to find some
15:18sellers we also structurally we broke
15:20the high here this is still bullish
15:23structurally
15:25but now we can see we made this actually
15:27made a slightly lower low and then also
15:29a slightly lower low in here
15:33so structurally this is starting to
15:36you know look like maybe sellers want to
15:38start to take control in here
15:40okay we don't see them taking control
15:42yet
15:43but we're starting to note this though
15:49all right so
15:50uh
15:51yeah let's see how this kind of unfolds
15:53here um
15:54we you know a bunch of different
15:55scenarios here it's a little more
15:58a little bit a little bit trickier to
16:00read in here now
16:01uh the um
16:04we'll take a look here
16:06and look at some of this kind of
16:07structure see how the structure is kind
16:08of diagonal at the moment
16:10uh and um
16:12yeah now they're bidding up in here all
16:14right let's see if we get our buyers and
16:15try to break it they need to break 88
16:18this is where they need to break 88 on
16:20size
16:20okay if we can
16:22if they can do that and they're on the
16:24bid here they're trying
16:29and we need to get up here around well a
16:30little bit higher than 88
16:33and let's see if we get our buyers here
16:34here they come all right
16:36now what we want to see is buyers come
16:38right back up into 90 and 92.
16:41especially 90 right now
16:47so we're looking for our green dots
16:48above the line the book looks good see
16:50how they're supporting it underneath
16:52here see how they they stayed in the
16:54book here and transacted came right back
16:56in with high liquidity
16:58starting to find some buyers now
17:01they really need to pick it up here else
17:02this is going to be a false breakout
17:05they should they should be able to pick
17:07it up
17:08and see how they pulled up here at 90.
17:12and we want to see them on the book here
17:14maybe underneath here
17:15we're still finding some buyers here so
17:17they should be able to kind of lift this
17:19up into also 92.
17:36all right alex you want to take a look
17:37at apple
17:39yeah i've got it up we can take a look
17:40at it
17:44uh yeah i want to go i keep promising to
17:47go over the bigger picture here uh and
17:49we will we're just seeing the some kind
17:51of interesting stuff at the moment i
17:53want to cover it
17:56this is beautiful guys it's just working
17:58out quite quite nicely now look at the
17:59book here again and look at the reaction
18:01so that we should be go should get the
18:02move in 92
18:06and they come right back in again here
18:09yeah there we go
18:11all right all right now let's see if we
18:12can get this breakout now finally
18:15up into 95 and maybe the figure up here
18:184500.
18:36all right nice nice buy volume in here
18:39it's looking good still looking for
18:40higher here 95 and then i think we can
18:42still
18:43still reach up to 95 or 4 500.
18:49all right so this is looking good guys i
18:51mean still still looking for it i mean
18:53there's no reason
18:54to look for anything different yet
18:57at this point
18:58buyers are still in control
19:01they were it was a little bit trickier
19:02in here like slightly lower lows
19:05starting to see the sellers in here
19:07but then covered this scenario here of
19:10the breakout
19:12and looking for our buyers up here
19:14we got them and we're looking for 90
19:16then 92 and then 95 and it's still still
19:20looking pretty good uh looking for the
19:22target here of 4500
19:31okay if we get a pullback now
19:33for those
19:36in let's see a dove hero price um
19:41is a negative okay
19:42yeah thanks thanks dove
19:50yeah all right um
19:51let's see here um
19:55for those of you guys for those of you
19:57who have been in here uh for for a bit
20:00um
20:01where do you there were we covered like
20:03bowl flags and patterns
20:06where do we think that price may pull
20:09back to
20:13okay if we get a pullback here now we're
20:15still we're still bullish here this is
20:16you know pretty bullish volume in here
20:19and but we're also you know starting to
20:22see a pullback here
20:26all right 90 91 yeah
20:29yeah i i like it a lot um
20:34yeah uh the
20:36we look at a bunch of different things
20:38and a pullback but we're going to go
20:39over like you know in bigger structure
20:41this is where you can start to look for
20:43it
20:44uh this area in here is good because
20:46look at the volume that traded in here
20:48so we're looking for a bounce off of
20:50that area here
20:52okay in the structure
20:54all right so let me just draw that up a
20:55little bit clearer here structure is
20:58here
20:59okay this sideways consolidation
21:01structure it fits into 90.
21:03just like
21:08let's see was it alec knows a techie
21:10techie girl
21:11welcome techie girl i think i've seen
21:13you in here um and uh and then also uh
21:17yeah with leo yep excellent
21:21yeah so we'd be looking for kind of a
21:23bounce off of that area we'd also be
21:24looking for we're gonna cover uh we
21:27we've covered it before this is not the
21:28greatest example here because this is uh
21:31this bind doesn't really take too much
21:33of a break in here but there are some
21:35breaks in here
21:36we want to look at that
21:38and this is going to be really helpful
21:41for for us
21:42looking for low volume pullbacks into
21:44areas
21:45uh and let's let's take a look at this
21:47actually
21:48um to begin with
21:50does this fit the criteria to for a low
21:52volume pullback
21:54uh this here
21:56what do you guys feel
22:00okay we can go over what a low volume
22:02pullback is uh but
22:06in more detail here
22:11okay yeah uh
22:14viva soul says 88 yeah that's not bad
22:16either
22:17i like that very much down here as a
22:19pullback
22:26ago so you want to look at uh
22:29bitcoin all right
22:36yeah exactly guys this is not a
22:40a low volume pullback
22:43so you know we're reading this in here
22:45look at even cumulative volume delta
22:48we're getting some really weird readings
22:50in here look at the the uh the iceberg
22:52bind starting to really pick up though
22:54in here as well
22:57so this kind of convolutes it
22:59uh very much so i mean there's a lot of
23:01icebergs that are just transacting in
23:03here okay and that into this these
23:05sellers are hitting right into icebergs
23:08okay so that's going to make this way
23:11more complex
23:12as a low volume not a low volume
23:14pullback
23:15okay because there's a lot of people on
23:17the bid here
23:19getting filled okay with our icebergs so
23:22now that that that
23:23opens up the scenario for an again like
23:26a kind of a bull flag here
23:30anyway let's start with first things
23:33first low volume pullback let's take a
23:35look at this okay strong buying here
23:38and what we look for in a low volume
23:40pullback
23:41uh is we want to see even stronger
23:44buying than this and then we're just
23:45looking for a move back down here on low
23:47volume
23:49it just kind of buying pressure kind of
23:51stopped
23:52for the moment it takes a break so
23:54there's kind of there's some profit
23:55taking they kind of move it back down
23:58test some levels
24:00and see if there's kind of a
24:02real demand down there or not
24:04and
24:06then
24:07then we look for the the bind to resume
24:09again uh and then you know complete that
24:12that kind of
24:13bull uh bull flag pattern
24:16uh so guys uh yeah this is this is a
24:18really interesting one here uh due to
24:20that iceberg buying this is the kind of
24:23insight that icebergs give us
24:25right so i'm still looking for 90 or i'm
24:274500 here
24:29because there's a lot of selling in here
24:31and boy there should be a beautiful stop
24:33run if we can get a little bit higher
24:35here
24:36okay so that we're looking for a bull
24:37flag in here now too one
24:40sideways two uh on up and you know if we
24:44do a measured move it's going to be up
24:45here around 98 or so it's going to be a
24:47little shy of our our kind of overall
24:49target at 4 500.
24:54there's our stop run
24:56okay up there
24:58so not bad still looking for
25:00continuation
25:08yeah
25:09yeah interesting one here uh now
25:13why this isn't a low volume pullback
25:14just look at the dots and the size of
25:16the dots here we can even let me take
25:17off stops and icebergs for a moment
25:22and look at cumulative volume delta
25:25we've been looking at cumulative volume
25:26delta recently quite quite a bit
25:30to kind of add it into our market
25:32structure
25:33now we you know
25:35i don't lean very hard on this indicator
25:37at all
25:38i know a lot of people really like it
25:40and i used to love it uh and now i just
25:42think it's ah it's okay um
25:45the reason being is we can see that
25:47there's a ton of selling in here we
25:48already know that you can see it look at
25:50look at the dots here look at the bars
25:52down here
25:53now look at the bars and dots
25:55compared to this move here
25:59and the rest of the area in here
26:03so you can see that yeah the good buying
26:05buying starting to ramp up this looks
26:07good this is breaking our our little
26:09range here at 88 we're looking for 92
26:12uh and 95 here
26:16and then 4500
26:18uh and then we get a pullback and we
26:20didn't we just covered where it might go
26:22so far just to like maybe the top of the
26:24range here which
26:26it did
26:27um
26:28but look at the volume now in here
26:31compared to this move here
26:34right so you know quite quite a big big
26:36difference
26:38oh yeah you know i have a new pen tool
26:41um
26:43i can
26:44i can use that
26:48yeah
26:50yeah hang on hang on guys
27:01yeah okay good
27:03here we go okay um
27:07all right so look at this volume in here
27:10okay
27:11well in fact it should be down in here
27:14this whole area here
27:16and then look at this volume in here
27:22that's not a low volume pullback that's
27:24not what we're looking for
27:26okay so we'll cover it we'll cover it
27:27again and again don't don't worry about
27:30that
27:31but this is making it more
27:34we're actually looking for sellers to
27:35try to move it back down into the range
27:37at this point
27:38uh so we'd be looking for
27:41because this would be kind of a false
27:43breakout there's a lot of selling
27:45pressure in here if they can just get it
27:47into into this 90 level then we'd be
27:49looking for a move back down to here
27:52at 88. and i think someone in youtube
27:54said 88 and that's yeah we would be
27:56looking for that
27:58it would be a perfect area to test it is
28:00kind of a
28:00high volume node in here right
28:03likely though with this kind of selling
28:05in here coming in they'd trade it back
28:07down to 85 and then maybe that we'd get
28:09a reversal pattern
28:11maybe a move back down into
28:14even 82 or or you know 83 down here
28:18uh so
28:19uh you know things to consider now
28:22we got a lot of insight in here though
28:24uh due to the stops or the icebergs
28:26transacting in here so it kind of
28:28negates this
28:31high volume here
28:32on the cell side
28:34because there's someone else a lot of
28:35traders on the other side absorbing that
28:38it's almost like seeing that if like for
28:41example if you got
28:43um high
28:44uh liquidity um underneath here like
28:47this you know some something like that
28:49boy this pen tool
28:51i'll get used to it um i'll get there
28:54but um
28:55uh yeah looking for like high you know
28:58uh liquidity underneath here
29:01getting filled under here also coming
29:03back up and and getting filled under
29:05here uh and then looking for the the
29:08aggressive buyers to come in which they
29:10did and so we're getting our move here
29:13all right so
29:15it would be similar to that but instead
29:18they were tricky
29:20they used icebergs
29:22and here they are
29:23right here look at the look at the
29:25dynamic between
29:27the icebergs here
29:29and cumulative volume delta cumulative
29:31volume delta is dropping like a rock
29:32here icebergs is shooting up like a
29:34rocket
29:37a beautiful relationship here
29:39to to understand and see and this is
29:41quite a bit in here
29:43this is
29:46you know about a thousand or so icebergs
29:49getting filled in here
29:54all right so uh yeah we're still
29:56basically due to this we're still
29:58looking for higher highs
30:01all right it was not a low volume
30:02pullback though and that's where like uh
30:04uh you know
30:05just
30:07um
30:08this is one of the best setups out there
30:10i feel uh this low volume pullback
30:14okay in this case here we we
30:16it was not a low volume pullback but we
30:18had just that that extra bit in here to
30:21understand it differently
30:23right so it kind of negates it if we get
30:25our buyers in here it's still game on
30:26for the move up uh to the upside here
30:29basically
30:31all right and we're still looking for it
30:32look at the buyers in here
30:34this is a low volume pullback here look
30:36at this one
30:38okay look at high volume here
30:43okay
30:44here
30:45and in here
30:47okay and then look at
30:49now the low volume
30:52in here
30:53and in here
30:56all right so
30:57we're just looking for more buyers to
30:58start to come in they start to here
31:00looking for that move up
31:02into 4 500.
31:05this is a great setup guys we'll go over
31:07in more detail as we continue
31:10uh but
31:11uh you know this is where you get these
31:13um
31:14we're looking for a strong move we got
31:16it
31:17and
31:19pulls back to where
31:21top of the range
31:25typically
31:26we still haven't gone over it yet we
31:28haven't even looked at our higher time
31:30frame yet
31:32but
31:33typically we get a move back to this
31:35area here first
31:37okay there's structure in there
31:39and we we typically look for that move
31:41first
31:42and then we look for
31:44um
31:46you know the the buyers to come in and
31:47move it to the upside
31:52i like this pen tool
31:54um you know they could even come back
31:56down to here
31:58and you can still be bullish
32:01okay we just we gotta have low volume
32:04though there are some caveats on the low
32:06volume pullback if you get this move
32:08back down to here
32:11uh and then it doesn't really matter if
32:13it's a low volume pullback or not if we
32:15get big sellers underneath here
32:18big red dots in fact let me just switch
32:20it right over
32:22what if we get big red dots down here
32:25they're going to push it through
32:27they're going to take control this is
32:29all trap volume at that point and we're
32:31looking for the move down into
32:3490 here
32:35back down to these areas we
32:37you know to retest
32:42you guy can you guys see the pen tool
32:45uh uh thanks uh
32:48okay you guys can see it and youtube can
32:50you guys see it
32:53transitioning back and forth here
32:58there's our move guys 4 500 this is this
33:01is it now at this point here we don't
33:04really know
33:05and
33:06we want to we want to keep an eye out
33:09to what's going to happen up here
33:12but
33:13anyway going through these different
33:15scenarios this low volume pullback i
33:17think is a very high probability trade
33:19that you can you can take again and
33:21again and again all right now again this
33:24is not
33:25recommendations nor financial advice do
33:28your homework
33:30look who see who's in control in certain
33:32areas and looking for continuation
33:35looking for the book to support it on
33:38that pullback
33:39look for and we didn't get much support
33:42in the book here
33:43at all
33:44in fact it's dark under here
33:46we just didn't get sellers
33:48okay instead we got buyers over here
33:49that's when we're looking for to come
33:51back up to you at least
33:53at least i know that's a small range in
33:55here but at least we'd be looking for it
33:57let me get rid of this now
34:00oops
34:03okay we'd at least look for
34:10this this move down here these buyers
34:12come in in this tiny little structure in
34:13here at least to move up to here or top
34:16of the range okay right here where the
34:17sellers came in
34:19now i know there's not much
34:21of a of a move here
34:23just because of this very small
34:24structure
34:26it doesn't matter though it works on
34:27much much higher time frames
34:30it can work on a daily chart
34:33on a monthly chart it's the same ideas
34:35here
34:36okay so uh yeah we we break it quick
34:39move back down to the downside and then
34:40it comes right back up not seeing much
34:43yet not seeing much yet here they start
34:44to pick it up this is where we're
34:45looking for the break
34:474500 right in here right in here see how
34:50we're getting exhaustion in here
34:53okay we're really starting to understand
34:54now guys if you haven't
34:56seen our part one of our educational
34:59course it's free it's online to
35:02understand what's going on within this
35:04range and part two especially goes over
35:06this that that i don't know if you if
35:08you're a subscriber i know you'll have
35:10access to that but but look at the
35:12exhaustion on both sides here there's
35:14not much selling down here there's not
35:16much buying up here a little bit more
35:18buying maybe than selling but not much
35:21it's just kind of range bound in here
35:23we're looking for an edge
35:25and our edge comes about here
35:27when we start to see that buying come in
35:30that's what we're looking for
35:31we want to see them carry it higher
35:33and they pick it up again
35:35next tick next tick there's 99 trading
35:38we're still looking for it higher to 4
35:41500.
35:42a beautiful movement of 4500 guys now be
35:45careful here this is we and we got to
35:48push through 4500 to o2
35:51now we're looking to see see how we can
35:53get an upended here we're through this
35:55area here and if we get our sellers here
36:00okay then all of this is trapped
36:03so then then we're looking for at that
36:06point
36:09uh
36:11we're looking for our sellers below this
36:14big red dot
36:16move down
36:18okay this is where the trap volume is up
36:20here
36:22and we should see a stop run too
36:25beautiful stop runs
36:31okay
36:35so they're below it they're below it
36:37here are sellers now they should be able
36:38to hit it harder
36:40let's see it sellers you should be able
36:41to hit 97 and 96.
36:47okay i like 97 it's below this little
36:50swing here
37:02okay a little more on the offer not much
37:05a little more though
37:08let's see it sellers should be able to
37:09hit it
37:12and not yet
37:15and let's read this little micro range
37:17in here
37:18okay they're on the bid here and we're
37:20finding buyers instead but all they've
37:22done is come up and test the kind of top
37:24of this little this little area here
37:29if we get sellers back down here at
37:3188.50 or 98.50 we should get our move
37:36there they're pulling down here
37:38looking for our sellers
37:40all right sellers you got it
37:42let's see the move back down to 97
37:46should be able to do it
37:55see how they test it down here more
37:57liquidity what's the reaction well
37:59found a few buyers
38:01found a few sellers
38:04i think the sellers want it still let's
38:06see if they go for it
38:14exhaustion
38:16okay now it's negated though they
38:18started to buy up here
38:25okay kind of confusing right now
38:27buyers and sellers
38:30book looks good on the bid here they're
38:32kind of stacking a little bit
38:35let's see if they get our sellers these
38:36guys will probably likely just get out
38:38of the way immediately
38:46yeah they're starting to pull
39:00on sellers right here this is where we
39:01need to there they are all right they
39:03should be able to push it 97.
39:08there we go
39:11and let's see if they can get lower here
39:12i should be able to continue on 96.
39:17at 95 below the swing here looks pretty
39:20good too but you know i like really this
39:22one down here at 94.
39:33uh
39:45bigger picture
39:47liquidity down here we zoom out a little
39:49bit more
39:50we're down here at 90
39:53and then 85.
39:57okay not not quite calling for a
39:59reversal yet i mean uh
40:01uh we're still in a bull trend
40:04but we're starting to make lower lows
40:06here
40:12it was a very small time frame we're
40:13looking for in here
40:22it's quite fancy uh what what are you
40:24referring to uh uh
40:26bowie
40:32yeah we have a fed speaker now i mean
40:34this is this is good to
40:37to know steven thank you
40:39like a little bit of volatility back and
40:41forth like this is and is
40:43to be expected
40:45right
40:47and we'll see
40:49all sorts of like
40:50like high liquidity come in and and
40:52weird reactions to it etc
40:57as as traders react to what the what the
40:59speaker says
41:07they see how they they're up we're up
41:09here up just above 4 500.
41:12it lets these guys out of the trade
41:16right now
41:17let's see this might be you know scott's
41:19talked about this many times we know
41:21like if you get caught up here
41:23uh and you bought the breakout and
41:25you're like oh god it's going against me
41:27um
41:29if it ever comes back i'm i'm a seller
41:32so that's why we can get a lot of times
41:34these moves
41:35uh just like this you know kind of above
41:39it and below it but these guys are all
41:42they're out they're still they're in
41:43profit in fact up here
41:46now do we get us do we get a stop run
41:48down here i'm curious
41:51no no
41:52they all these buyers are still well
41:54there's the big stop runs here
41:56um but we don't really see us there's a
41:58little stop running here
42:01okay so anyone kind of selling this here
42:03they're getting squeezed in fact the
42:05stop run is to the upside
42:14okay same idea though either above this
42:17line or below this line now it happens
42:19to be the figure
42:20uh but look at the liquidity underneath
42:22here or above it here
42:27okay trading into it
42:36and not enough buyers to take them on
42:39okay do we get enough sellers here 99
42:46if we if we do it should be a quick move
42:48back down to 97 to be honest
42:53volume profile guys this would be your
42:54first area look at the profile in
42:56here you know somewhere around 98 maybe
42:59i guess
43:0097
43:10yeah okay pretty quick move that's what
43:13we're looking for still lower though i
43:15want to see 97.
43:17i want to see 97 and
43:20even 90 96 and a quarter here
43:29slightly higher high here
43:32i want to see slightly lower low or
43:35maybe quite a bit lower
43:51all right now this is fitting into the
43:53bigger picture
43:55and so let's take a moment here and go
43:57over that
43:59here's our daily chart over here we've
44:01talked about this many times
44:02the
44:04this
44:05move higher here
44:09last week and
44:11now
44:12and we talked yesterday about options
44:15up in this area here due to you know we
44:18had quadruple witching on friday
44:20and there's really i mean in essence
44:22there's no reason for any sort of
44:24pullbacks in here just looking for
44:26continuation and and uh
44:28in squeezes um
44:30and uh now you know for uh
44:33uh you uh you hero
44:35guys with the spot gamma product
44:38looking at
44:39the options in here we'll turn it on in
44:41just a minute here because this is
44:42exactly
44:45kind of what
44:47what i was thinking about was
44:49trading up to 4 500 trading above it and
44:52then just seeing massive options
44:54at this point
44:56and
44:58as
44:59traders kind of re-establish their
45:02positions
45:03uh for the week for the month for the
45:05quarter etc
45:08so
45:09uh you know we saw this beautiful
45:11squeeze here uh on up
45:14and uh now let's see if we get kind of
45:16new new positions here in options
45:23anyway i have 4 500 i marked it up in
45:26here we're right there
45:28at it as you can see these are the two
45:30lines that i had kind of marked up just
45:32this morning here
45:34it's at around 75
45:36and then this swing here
45:38we've broken above it and we came to 4
45:40500 the figure here the next one is up
45:43here on the daily chart it's way up here
45:45uh you know 73 or 75 something like that
45:50now what do we see here in the hourly
45:51chart well same ideas
45:53squeeze
45:56here's a bit of a pullback yesterday and
45:57then
45:58continuation 4 500
46:01there's a gap here to fill
46:04from today which would be around 44.50
46:08so we may we want to maybe take a look
46:10at that
46:11see if we can get sellers to come in
46:12here but look at that hourly chart
46:15i mean these two big candles here
46:17uh in fact let me let's look back period
46:20one week two big candles here
46:22so you know pretty pretty strong uh so
46:25far
46:26we'd really have to see a kind of a a
46:27slow down here
46:29god i this this chart really drives me
46:31nuts it's it's way up price is way up
46:33here okay
46:35um but uh
46:37yeah
46:38there should be another candle in here
46:40uh it's just
46:42refreshing in a weird way
46:51let's see if we can kind of refresh it
46:53again
46:55now this wants to do that okay well it's
46:57up here anyway
46:59so it's pretty strong move uh basically
47:02uh 15-minute chart also you can see that
47:05strength you can see the gap down here
47:07so
47:08around 44.50
47:12um by looking at the these you know all
47:15three of these charts basically there's
47:17no reason for
47:19it to slow down
47:21we don't see anything yet
47:25okay there's still quite a bit of
47:26momentum in here
47:30all right
47:30order flow wise though we're seeing
47:32something a little different
47:34the figure high liquidity filled in here
47:40and now slightly higher high here
47:43uh and kind of equal
47:46slightly
47:47higher low in here actually so we're
47:48kind of just you know i mean it's really
47:51um kind of slight so
47:53you know we're kind of in back and forth
47:55transitioning from uptrend to
47:57consolidation
47:59now let's look at the order flow within
48:01this this is really important
48:04that to go over to understand what's
48:07what the um
48:09order flow is within this market
48:10structure
48:11and this is what i mean by market
48:13structure
48:17here
48:18okay from high high to low here o2
48:22to this kind of 97 area here
48:26all right so let's uh
48:29let's take a look at it
48:31what's the volume in here what's the
48:33volume read in here what do you guys
48:35think
48:37okay within a structure
48:39uh
48:40what
48:41maybe you know start start to read like
48:47you know we see a lot of buyers over
48:48here okay that makes good sense
48:50continuation here up into high liquidity
49:01and then you can see the selling is
49:03starting to come in here
49:05okay yeah there's buyers back up here
49:07again
49:08but look at the selling
49:10look at the selling in here look at that
49:12cluster
49:13okay at the
49:14lows
49:16and that's not what we want to see if we
49:17want to see a continuation pattern
49:20we want to see low volume pullback
49:22this isn't it either
49:25okay we do see some icebergs in here
49:27kind of like last time but a little
49:28little different
49:30as well
49:31not as many
49:33and a lot of selling in here
49:37now we just made a swing up here
49:40to 4 500 just a little bit above it
49:44and we
49:46we don't see a lot of buying up here
49:50okay so see the shift in the order flow
49:52now look at cumulative volume delta as
49:54well
49:57this is where this is one thing i do
49:58like about cumulative volume delta is
50:00sometimes when it's harder to read and
50:02hear the volume which in this case it's
50:04not it's pretty easy it's pretty
50:05straightforward we're looking at these
50:07these swings and the volume within it
50:10uh and uh you know notice it here quite
50:13a bit of buying
50:14okay countered by some selling in here
50:17countered by a little bit of buying up
50:19here
50:20now massive um
50:22you know selling or a lot more selling
50:24down here
50:26okay
50:27a lower high
50:29and more selling more selling
50:32all right so now we're looking for
50:34exhaustion on the buy side
50:37and we don't want to see green dots up
50:39here we're going to see a lack of it
50:40which we see right now and we're looking
50:41for red dots here and we're looking for
50:43a move down to here at 90
50:4698 and a quarter and lower back down to
50:49test the low here at 97.
51:02now let's see if we get it
51:06okay again we're back up here but we
51:08want to see again exhaustion
51:10and we want to see sellers come we want
51:12to see them come back down to here at 99
51:14and we want to see selling again and
51:16we'll get our break all right looking
51:17for the break here looking for sellers
51:19right here we haven't gotten them yet
51:21but looking for them
51:24and then we should get our move
51:26look at this testing here 98 in that
51:28quarter here this liquidity let's see if
51:30the sellers go after it
51:33and they're not
51:34they're not so we didn't even we didn't
51:36even get
51:37um that scenario didn't even come close
51:39to unfolding
51:40not yet
51:43right so it'll keep you keep you out of
51:44the trade
51:47all right so now we're back up here we
51:48got a little bit of buying here
51:50and that that kind of allowed this
51:52little bit of buying up here can allow
51:55a re-test back up here to find more
51:57buyers and then a move to o1
52:09okay here we go
52:10now do we get we really need to see
52:12sellers down here though and we didn't
52:14get them again
52:15again here all right so we're back up
52:17here
52:18let's see if we get more buyers back up
52:20here
52:21if we do
52:23we should we should get to about you
52:24know to o1 here i think
52:28right so we're open to that scenario
52:30here we just didn't get it instead we
52:32got our buyers here so we're still
52:34looking for them to lift it to 01 maybe
52:36maybe higher here but just
52:38not much of a move but just one
52:41you know now i know it's a very small
52:43it's a one point move uh basically
52:46but uh
52:48you know we're um
52:50we'll go over this on higher time frames
52:53as well
52:54but even that failed
52:56okay now we're going to get our sellers
52:58here okay so now i'm looking for the
53:00follow through on that sell side here
53:03okay we got some buying up here
53:05but immediately
53:07followed by sellers here
53:10immediately followed by buyers back
53:12up okay i want to see sellers here
53:15though and i want to see the break okay
53:16here's another move back down by the
53:18sellers they've got it if they want it
53:20they can take it right here
53:2299 is where we want to see our sellers
53:25and we're look this is our third or
53:27fourth attempt up here
53:34and finding buyers up here
53:42and they made a lower high here and
53:43we're making lower lows here
53:46so again a scenario is sellers here and
53:48a drop
54:00nothing
54:04but he must be the fed fed speaker
54:08williams right now you must be
54:10you must be saying something i mean
54:12because this is really back and forth in
54:14here
54:15so mark is trying to kind of figure out
54:17what he means
54:18i would i would imagine i don't you guys
54:20tell me
54:21i'm not listening to it
54:26but this is this is typical a market
54:28really doesn't know how to react to
54:30something
54:31right now
54:33yeah and and and the figure absolutely
54:35uh stephen absolutely the bashing around
54:37this figure here
54:39okay looking for some sort of direction
54:41looking for someone to take it a
54:42direction here
54:48i kind of like i still here we go all
54:50right sellers you got it here let's see
54:52the move back down to 97 should be able
54:54to do it
54:59we should get it here
55:05okay they're picking it up
55:10they've got if we're going to get this
55:12move to 97 then
55:13then we're going to get and we get our
55:15sellers down here we should be able to
55:16break 97 as well
55:19we should be able to go back down to
55:20lower levels here okay then we'd be
55:22looking for 95
55:2493 90
55:27here
55:29okay so now
55:31it's starting to play out
55:33uh
55:34and
55:35there was this kind of back and forth in
55:37here we didn't know quite the read yet
55:40uh then we we got the read here and
55:42we're getting the follow-through here
55:44okay now you know
55:46i like to take some partial profits in
55:47these areas and now this is not a
55:49recommendation
55:50this is just you know some
55:52considerations for
55:54trade management
55:56stop to break even
55:58uh and maybe even get a low volume
56:00pullback uh back to 98 and a half or so
56:04but looking for continuation here
56:14okay so 95 and a half you can see some
56:16liquidity coming in there
56:30uh let's see guys guys on youtube if you
56:32if you want to join into the discord
56:33channel um you'll find it in the
56:36advanced dash webinar um the chats in
56:39there
56:41just uh look up our bookmap discord
56:45i i'm following the chat in there um
56:48there's we also have a stream in there
56:49we're streaming on both
56:52it's a slight slight delay on the on the
56:54on the youtube but we're you know we're
56:55looking to to you know kind of move it
56:57all over to youtube here just to let you
56:59guys know
57:07all right
57:08um
57:16oh guys i'm sorry
57:17you you were um
57:20asking about
57:22some things here in youtube we'll take a
57:24look at some of these stocks and um and
57:26bitcoin as well
57:29we're just seeing some good stuff and
57:31trying to follow through on the
57:32education here
57:33um
57:34and again like just because it's bitcoin
57:37and just because it's a stock it doesn't
57:39mean that this isn't going to happen
57:41this is exactly what's going to happen
57:43the same stuff
57:45here's our low volume pullback guys
57:47looking for continuation here let's see
57:49if those sellers they should be able to
57:51drop it to 93 now
57:56and then alan just amazed how
57:59the markets go up by significant amounts
58:01while the world is on the brink of war
58:10uh eric the youtube
58:12just go to bookmap.com youtube and it'll
58:14take you right there and you should see
58:15it streaming
58:18yeah this war is horrible
58:21is really bad
58:31still another low volume pullback it
58:33actually came back to our 98 level a
58:35little bit higher even
58:37no 98 and a half here that's kind of
58:39what we're looking for
58:41okay and then continuation here this is
58:43kind of a tricky move here we're looking
58:45for it here
58:46and but the pullback
58:48let's cover this uh now this is a good
58:50time to cover this i think
58:53this is a tricky variation of it
58:56but this is what we were looking for was
58:58a pullback to this cluster here
59:02okay it's pretty pretty good um uh not
59:04not bad to take a look at here uh so you
59:07know we saw that we started to see we're
59:09trying to read in here back and forth
59:11and back and forth we're looking for our
59:12sellers looking for our sellers
59:14finally we started to see them in here
59:16and looking for the drop
59:18the um look at the cluster in here
59:20though
59:21okay and and there's a little bit of
59:22structure in here as well that you know
59:24we kind of went went down kind of
59:26sideways and then boom they drop it here
59:28that's where we're looking for a
59:30pullback to come to
59:32you know or or you know even maybe a
59:35little bit higher they may even test
59:36kind of the top of it
59:38but right around here is where we're
59:40looking for that's 98 and a quarter
59:45and
59:46we got this original pullback here to 97
59:50and a half now
59:51there is something in here 97 and a half
59:53there's some kind of transactions in
59:55here and then another drop so that makes
59:58some sense here
59:59you know in in in that cluster here but
1:00:02this one's better
1:00:03uh you know up and up in here
1:00:07so
1:00:09we come back down
1:00:10uh looking for continuation in here we
1:00:13just didn't
1:00:14you know get enough sellers in here we
1:00:15get one more you know quick move back up
1:00:18to 98 and a half
1:00:20and then the move back down and we
1:00:22should get the continuation now
1:00:24okay so that's our low volume pullback
1:00:26in here
1:00:27that's tricky because like you think
1:00:28okay well i'm going to buy the volt the
1:00:30i'm going to sell the low volume pull
1:00:31back in here
1:00:33and then it's like yikes you know you
1:00:34get the spike and it does what you
1:00:36originally thought it was going to do
1:00:37anyway
1:00:39and then the continuation
1:00:41so you know be aware of these things a
1:00:43lot of times they'll you know you'll see
1:00:45the market test
1:00:47even and kind of you know test up even
1:00:49to here like 90 99 and a half hey we
1:00:53like the 98 and a half here it you know
1:00:55could have tested up here and failed
1:00:58and then come back down and then the
1:00:59follow through
1:01:01okay so it did the 98 and a half and
1:01:03then fell
1:01:04uh fell through here to our
1:01:07almost to 91 here no it looks like 91
1:01:10did transact
1:01:16all right so yeah i did not test a 90
1:01:18here but we can still get that move
1:01:25i see where it retested here
1:01:28and where buyers came in and kind of
1:01:29moved this higher
1:01:31this was that big cluster here where we
1:01:34we were
1:01:35mentioning that this is not a low volume
1:01:37pullback
1:01:39okay so there's a lot of sellers down
1:01:41here
1:01:42and there's a lot of sellers here too
1:01:45so
1:01:46let's see if we can get back down here
1:01:48to this 91 and a half or 91 and three
1:01:51quarters and then the continuation
1:01:55okay that could be a nice move here
1:01:58not just to 90 i mean we'd be looking
1:02:00for a much bigger move at that point
1:02:03okay 85.
1:02:0773 or 4 down here
1:02:09that's a that's a nice area
1:02:11you see we're lining it up with
1:02:13liquidity as well
1:02:18yeah russian stock market's been closed
1:02:19for three weeks
1:02:22has anyone been trading the uh
1:02:25ruble
1:02:27i it's just got to be a disaster
1:02:39less than a penny are you kidding me is
1:02:41it really
1:02:45wow
1:02:46that's incredible
1:02:52well i guess it still exists
1:02:58yeah there's some really odd things that
1:03:00have happened like like that like seeing
1:03:03oil be negative thirty dollars a barrel
1:03:05or whatever it was
1:03:13all right guys this is still even
1:03:15even this here is a low volume pullback
1:03:17here's what we're looking at
1:03:19for our low volume pullback
1:03:23um
1:03:24look at the volume
1:03:27in here
1:03:28look at this pullback here
1:03:30look at cvd as well cvd does a great job
1:03:33on low volume pullbacks
1:03:35great job
1:03:36that's another another thing i like
1:03:38about it here so we've tested back up to
1:03:40here even a little bit higher than where
1:03:42it dropped this is where we're looking
1:03:43for first is this area here 95 and a
1:03:45half but it came up a little bit higher
1:03:49okay so we're looking for sellers right
1:03:50here right now and for them to drop it
1:03:53back down
1:03:54first move would be to this cluster here
1:03:57and then the move down to 90 basically
1:04:08so here they come
1:04:10now just looking for continuation here
1:04:15okay now
1:04:16it's not going to be so easy it never is
1:04:20and
1:04:21this is where you know we have to
1:04:24assess the risk
1:04:26uh
1:04:27and manage uh the stops manage the money
1:04:31uh and uh
1:04:33and stick with your your uh your trading
1:04:35plan okay whatever it might be
1:04:41okay so for example you know
1:04:43this this is doing what we are looking
1:04:45for
1:04:46uh where would your stop be well
1:04:48you know it depends on the amount of
1:04:49risk that you want to take
1:04:51uh in fact if you got in here and it
1:04:53it's not doing what you want
1:04:56maybe you just got out immediately and
1:04:57take a small loss and look for it to
1:04:59start again
1:05:04this is how j traders trades in a lot of
1:05:07a lot of cases and i i like it very much
1:05:10it's like you're looking for this to
1:05:11move now if it doesn't something's wrong
1:05:14get out get in again
1:05:16okay we're looking for it to move again
1:05:19okay so
1:05:20we need to see sellers here
1:05:22and then you know look look to get in
1:05:24back again
1:05:27and there's not sellers down here not
1:05:29much that's where we need to see them
1:05:31down here
1:05:34okay another another way to do this
1:05:36would be uh you know you look at your uh
1:05:39um
1:05:41say let's suppose you got in here okay
1:05:43well yeah your stop is gonna be probably
1:05:45you can put it above the swing
1:05:48or you can put above this swing here
1:05:50okay now you now you're putting on a lot
1:05:52more risk
1:05:58now this is a little
1:06:00you know we're still looking for that
1:06:01low volume pullback
1:06:03however it's a little more convoluted
1:06:05here because we got some other things
1:06:07going on here
1:06:08in terms of structure
1:06:10we have this
1:06:11we also have this
1:06:15and this is starting to build here as
1:06:17you can see
1:06:20so low volume pullbacks are kind of an
1:06:22end of a a move you know is is a little
1:06:25bit
1:06:26it's not end of a move either but like
1:06:28you know we see
1:06:32we see them starting to come in back
1:06:33above the some of the structure here
1:06:56[Music]
1:06:59all right so
1:07:03buyers up here
1:07:06not a whole lot
1:07:08let's go through another scenario here
1:07:10again sell side scenario
1:07:17there sellers all right so some more
1:07:19here
1:07:22okay here's really where we want to see
1:07:23him actually below this area here
1:07:27and take control of the move
1:07:29back down to this liquidity and then
1:07:31this liquidity and then back down to 90.
1:07:38okay so nothing nothing shaken yet
1:07:57all right one more point here and then
1:07:58we're going to go and look at bitcoin
1:08:00and apple here it's getting a little
1:08:02again more kind of
1:08:04difficult to read in here
1:08:07at the moment
1:08:09uh but what we wanna and we're looking
1:08:11for low volume pullbacks uh in areas and
1:08:14but what we're looking for
1:08:16um is this strong consistent selling
1:08:21and then pullbacks that are on a lot
1:08:23less volume
1:08:26i think this is perfect here okay but
1:08:28they broke above it
1:08:30and then it broke below it
1:08:32here
1:08:33so the line is actually right here this
1:08:35is where it gets it gets a little more
1:08:37tricky but you can see it very clearly
1:08:39though
1:08:41the strong selling and consistent
1:08:43selling below it
1:08:45pull back
1:08:46okay a lot less volume in here
1:08:48they they lift it higher though
1:08:51and then sellers they they take it above
1:08:53a back up above this line 95 and a half
1:08:56but then also down back below it
1:08:58and then now it's just really a mess
1:09:01in here
1:09:03so
1:09:04you know we're trying to get some
1:09:05insight here
1:09:07uh and uh not getting a whole lot right
1:09:09now
1:09:10in fact the the book
1:09:12and volume is looks looks like it wants
1:09:13to go right back to the figure here is
1:09:15what it looks like here
1:09:16okay see the book underneath here and
1:09:18the reaction to that order book is
1:09:20buyers
1:09:21so back to 4 500.
1:09:27there there we go
1:09:31so yeah
1:09:32anyway that's uh
1:09:35you know we can we can even still see it
1:09:37like if we get uh we get enough sellers
1:09:39to come back in here that uh you know
1:09:41it's some pretty good buying so far
1:09:43um well let's uh even even cumulative
1:09:45volume delta in this whole range in here
1:09:48right is uh it's still
1:09:50uh there's still quite a few more
1:09:52sellers in here
1:09:55okay from this this point onward no
1:09:58question about it
1:10:02uh now one of the one of the caveats
1:10:04here
1:10:05in uh
1:10:07low volume pullbacks or just
1:10:09understanding uh this this structure
1:10:12well it's the volume within the
1:10:14structure
1:10:15like a lot of selling in here
1:10:18okay but they're down here
1:10:20for this low volume pullback to work
1:10:23you know we're looking actually for the
1:10:24first pullback to be back to some of
1:10:26these clusters
1:10:27uh in these areas first one would
1:10:29probably be right around here maybe the
1:10:31second one up here
1:10:32some something like that you know you
1:10:34can see this kind of little jag kind of
1:10:36cluster another move to the downside
1:10:38kind of jags back up another move to the
1:10:41downside so you know makes sense and
1:10:43then we're looking for continuation
1:10:46uh
1:10:46but
1:10:48we want to see like
1:10:49that strong volume in a small or like a
1:10:52shallow pullback
1:10:54uh not not continuation um
1:10:57or i'm sorry um
1:11:01it can come back all the way up to where
1:11:03it initiated still on low volume as long
1:11:05as you get the selling on the other side
1:11:08to take it through
1:11:10that's fine but it retraced all the way
1:11:12back up here
1:11:14okay if it's a decisive move it
1:11:16shouldn't retrace all the way back up
1:11:17there
1:11:20so yeah that's a couple of things to
1:11:22look for uh like a higher probability
1:11:25low volume pullback you have to do your
1:11:27own studies
1:11:28uh and and really you know get into some
1:11:31of the nuances here in here for your
1:11:33trading plan
1:11:34uh but uh
1:11:36you know to start to see these things
1:11:37and go study them
1:11:39look it up
1:11:41you'll see like this is a strong move
1:11:44and then this
1:11:45the pullbacks retraces all the way
1:11:49it would be better to see it
1:11:51a retracement about
1:11:53halfway or back to where it kind of you
1:11:55know we see these clusters and then
1:11:57continuation
1:12:00all right so uh
1:12:02anyway and
1:12:03keep an eye out for those things on your
1:12:05low volume pullbacks
1:12:07okay and in here we we covered it as
1:12:09well like okay great all right we're
1:12:11back we're back down below you know we
1:12:13retrace all the way back up to here but
1:12:15we see strong selling coming in again
1:12:17i'm looking for the follow through this
1:12:19failed
1:12:20this failed it's a weird failure too
1:12:23uh you know i still look at this and i i
1:12:26can't i don't quite get it
1:12:28uh why there was no continuation here
1:12:31um
1:12:32you know if the sellers really have
1:12:33control here
1:12:35but we we see them move into this high
1:12:37liquidity in here and they just kind of
1:12:38dry up
1:12:40uh and then we start to see buyers
1:12:41nibble away nibble away sellers come in
1:12:43again
1:12:44they they make a
1:12:46a lower
1:12:47sorry a higher low they can't get back
1:12:49down here
1:12:50and then we start to see buyers in here
1:12:52they're going to push it back up to the
1:12:53top tops of these ranges here
1:12:57okay and this one this one too is a nice
1:12:59one
1:13:00so
1:13:03okay now we're starting to see a little
1:13:04different
1:13:05okay now we we're looking at 4 500 the
1:13:09figure here
1:13:10but i'm also i'm looking really
1:13:12keen keenly at this area here at 98 and
1:13:15a half
1:13:17let's clear our drawings
1:13:19and let's take a look here
1:13:22right here
1:13:26okay buyers back up above it sellers
1:13:29back down below it
1:13:33so we'll come back let's we'll come back
1:13:35and revisit this in a second and we'll
1:13:36go over some uh
1:13:38um
1:13:39some other uh instruments here
1:13:43no we're not live we're in zoom we're
1:13:45we're on um
1:13:47uh
1:13:49in discord the the thing is with discord
1:13:51is um
1:13:52uh it's um
1:13:56um
1:13:57you know you can only stream 50 50
1:13:59people at a time
1:14:03so that doesn't help
1:14:09it's not bad but you know boy and we're
1:14:12you know reaching limitations in there
1:14:14um all right so let's let's take a look
1:14:16here bitcoin now we've you know i've got
1:14:18kind of an interesting uh product here
1:14:19called multibook in here
1:14:21uh this is looking we're looking at
1:14:23bitcoin usd here it's the spot uh and
1:14:26it's it's actually our own data source
1:14:29uh mmb stands for multibook
1:14:32and bmd is uh bookmap data
1:14:35and why is this kind of unique or
1:14:37special is because
1:14:39what we're looking at here is five
1:14:40different exchanges
1:14:41within within this one instrument
1:14:44okay
1:14:45five different order books and and
1:14:48transactions
1:14:49uh and they're up here in the top uh
1:14:51right left hand corner
1:14:53uh it is from bitstamp bitfinex coinbase
1:14:56pro f t x and kraken
1:15:01okay
1:15:02where do you guys i'm going to point
1:15:05where do you guys think
1:15:09someone took control of this market
1:15:11okay who took control and where
1:15:29what do you guys think
1:15:32okay yeah david thank you i missed that
1:15:34your vpoc
1:15:35shift yep excellent up to 84.89
1:15:40to 97 and three quarters all right
1:15:42excellent
1:15:49yep
1:15:50good stuff
1:15:52and you took a short
1:15:55on the v lap uh v paca rejection
1:15:57excellent excellent
1:16:00great trading david boy you've
1:16:04you've learned a lot um and now you're
1:16:06close you're out great
1:16:09way to go love it
1:16:19yeah just just love love you you came in
1:16:21here i came into tom's room uh guys tom
1:16:25will start up
1:16:26in probably about uh i don't know a half
1:16:28hour or so uh he goes in the af in the
1:16:31afternoon
1:16:32uh and he'll be doing the same thing
1:16:34okay but he's a a volume profile trader
1:16:37uh so look at the order flow within
1:16:39volume profile
1:16:42uh and uh so anyway back to the big
1:16:45question here uh where where did uh who
1:16:48took control here uh and where
1:16:51and uh yep yep you guys got it um 41 200
1:16:56or actually um
1:16:58this is the answer i'm looking for was
1:17:00it i know it's kind of hard to see uh
1:17:03i i actually yeah i think you got a good
1:17:04point there um the breakout is here
1:17:07let's just zoom in here a little bit get
1:17:09get a little more insight
1:17:12yeah this is this is clear um
1:17:15so
1:17:16yeah 200 is perfect
1:17:18you know right there boom look at look
1:17:21at that consistent strong bind
1:17:24moving it away
1:17:26from from what
1:17:29okay what's the answer on that one what
1:17:31are they moving it away from
1:17:35on that strong strong volume
1:17:54high volume node is is yeah yeah that's
1:17:57that's pretty good
1:17:59um but it's not really high volume node
1:18:02what does that mean
1:18:08consolidation that's what that's what
1:18:10i'm looking for and and basically what i
1:18:13mean here is like
1:18:15you know
1:18:16let's just simplify this example
1:18:20uh and let's let's take the heat map
1:18:22down we got this nice dimmings feature
1:18:24on
1:18:24on bookmap 7.3
1:18:28and let's take a look here
1:18:31this is back and forth in here
1:18:36and this is
1:18:38price is
1:18:41kind of established its value its range
1:18:46okay and then look at look at cumulative
1:18:48volume delta in that area here too
1:18:50now we're going to get a blown out
1:18:52reading here so actually let's just zoom
1:18:54into exactly this area here before the
1:18:56big breakout
1:18:58okay so
1:18:59um
1:19:01you know within this range
1:19:03you know even cumulative volume delta is
1:19:05pretty neutral except for right here
1:19:10uh and lots of selling came in and it
1:19:12was not able to even like budge the
1:19:15market lower
1:19:16there's a lot of diversions right there
1:19:19there's going to be there's got to be
1:19:20huge liquidity there
1:19:22if there's not huge liquidity there then
1:19:24what do you guys think this is i'm
1:19:26answering asking a lot of questions in
1:19:27here
1:19:28um
1:19:30look at the selling in
1:19:34here so and if there's not a whole lot
1:19:37of liquidity in here
1:19:44actually there there is um
1:19:47enough yeah yeah there is
1:19:50this is this is this is where it's
1:19:51sneaky i mean like uh look at this i'll
1:19:54go in here work it
1:19:56so i i was looking for that um uh very
1:19:59much i was looking for iceberg as being
1:20:01the answer uh
1:20:02i'm so bad uh but um
1:20:05uh
1:20:06in fact if we zoom in here we're getting
1:20:07our answer it's high liquidity and this
1:20:10and algo and they're they're staying in
1:20:11the order book and they're getting
1:20:12filled here they want to be filled here
1:20:15all the way through here they're they're
1:20:16even kind of chasing and getting filled
1:20:19all the way up okay so look at this
1:20:22divergence
1:20:23q a volume delta
1:20:25move to the upside
1:20:27selling coming in hitting the bid hard
1:20:30in these areas here but who's on the bid
1:20:32absorbing is some big buyer
1:20:35and you get this dynamic in here
1:20:39so
1:20:40how can selling make the market go up
1:20:42well someone's on the bid here
1:20:45taking all the selling and then it just
1:20:46takes a little bit of selling this is
1:20:48almost like a low volume pullback in
1:20:50essence
1:20:51um each time but it it you know i mean
1:20:53it's the same kind of in concept the
1:20:55structure is totally different though
1:20:59but uh this is where i mean we can
1:21:01understand the other side of the uh of
1:21:04the trade
1:21:06okay there's gonna be a lot of people
1:21:08trading crypto they're just not gonna
1:21:10understand like what is going on in
1:21:12here
1:21:14and we zoom in here we can really see
1:21:16all right so anyway let me
1:21:18you know keep digressing here
1:21:20uh the the point
1:21:22to get go over here
1:21:24is and this is a really important point
1:21:28is back and forth in here in this market
1:21:32except for you know that area of that
1:21:34selling
1:21:37and
1:21:38the amount of volume to move it away
1:21:40from that area and establish a new value
1:21:43area
1:21:45okay because back in here is just it's
1:21:47really it's
1:21:49the value is rather
1:21:50neutral
1:21:53right this is what it takes to
1:21:55reevaluate
1:21:56and you'll see it just just about every
1:21:59time
1:22:00it has to be
1:22:02um so
1:22:04look for these moves and then you know
1:22:06look for
1:22:07strong consistent
1:22:09buying
1:22:10you can buy the breakout there's these
1:22:12are things to consider it's not trade
1:22:14recommendations or trading plan
1:22:17recommendations is considerations but
1:22:19think about it
1:22:21even even this one here we just talked
1:22:22about pullbacks
1:22:24and
1:22:25shallow pullbacks and deep pullbacks
1:22:28this is a really deep pullback on this
1:22:30it almost comes all the way back down to
1:22:32where it broke out from
1:22:33at 200.
1:22:37okay uh and
1:22:39let's take a look at some of these
1:22:40pullbacks in fact this pull back here
1:22:42came to
1:22:44you know basically this little area here
1:22:46or just below the swing here
1:22:48usually we see the pullback into here
1:22:51and then we see a bounce
1:22:53or into here and then we see a bounce or
1:22:55into here
1:22:56and so what did we get we got to pull
1:22:58back to to this little kind of this area
1:23:01here basically 400
1:23:04okay and then and then it went a little
1:23:06bit lower
1:23:07and then it and then it bounced out of
1:23:09out of that area here look at that low
1:23:11volume pullback my god
1:23:13guys this is a great example it can't
1:23:15get much better
1:23:18look at the volume in general on the way
1:23:20down here
1:23:22look at your cumulative volume delta
1:23:27okay so where to look for these things
1:23:29on the pullback well this is also for
1:23:32study
1:23:33if you want to get in just jump in in
1:23:35some of these areas here
1:23:38at your if if price can come back down
1:23:40in here you can start to place your
1:23:42limit orders in some of these areas
1:23:43maybe even in here
1:23:45but
1:23:46you know
1:23:47you can also look at some of the
1:23:48structure on the pullback to consider
1:23:52okay so like here or you know even
1:23:55ranges like up here if you get buyers
1:23:57back up above here at
1:23:5841 500 if we get buyers here should come
1:24:02right back up and and test uh these
1:24:04highs at least to here
1:24:07okay or where the sellers kind of
1:24:09initiated which is kind of here it's
1:24:11really odd price action um but yeah so
1:24:15that's where the first pullback came or
1:24:17the first move came to
1:24:19was right here right we were just
1:24:20talking about
1:24:22uh and then we see more buying all right
1:24:25now we can get another pullback into
1:24:28some of these shallow shallow areas
1:24:29would be here this would be your first
1:24:31one which it did
1:24:32right here
1:24:34okay it could also come to here
1:24:36bid looks great right
1:24:38look at this um i'll go in here a couple
1:24:41algos in here
1:24:42and then also this uh trader in here
1:24:45lifts
1:24:46pulls lifts
1:24:49okay and we get buyers
1:24:51and we get more and more buying here
1:24:53they're lifting it back up to here and
1:24:54they break out even from this area here
1:24:57all right so this is all bullish
1:25:02and look at the selling in here my god
1:25:06guys in fact these kinds of moves here
1:25:09let's just let's just take a look at
1:25:11bitcoin here
1:25:13these kinds of moves like this
1:25:15they they can be much much higher time
1:25:17frame
1:25:19uh we we can look you know in bitcoin
1:25:21like i've seen some things in bitcoin
1:25:23like god i should have been trading it
1:25:24it just it just makes me
1:25:28upset
1:25:29uh
1:25:31when we came out with this tool with
1:25:33cumulative
1:25:34not cumulative volume delta
1:25:36but you could also use cumulative volume
1:25:38delta we came up with these some of
1:25:39these tools in here uh in
1:25:43with the
1:25:44volume profiles
1:25:46okay and the the one we had was this
1:25:49delta this was new in here putting in
1:25:51delta
1:25:53all right so that's one another one was
1:25:55that these these volume bars down here
1:25:58let me let me show you this so i'm going
1:26:00to click on that go to volume bar right
1:26:02click on it go to volume bar settings
1:26:03here uh and then here volume delta so
1:26:07this is by minus sell okay if i put in
1:26:09total volume you're going to see in the
1:26:11bars here there's always sellers on the
1:26:13bottom and then buyers are added on top
1:26:16okay so it's not just everything's
1:26:18buying in here they're selling in here
1:26:20and there it and then added on top of
1:26:22that is buying all right so
1:26:25um there was this many buyers here there
1:26:27were this many sellers here
1:26:29and let me use the pen tool on that
1:26:32there were and we use yellow
1:26:34there were this many buyers in here
1:26:37okay and there were this many sellers in
1:26:39here
1:26:40all right so it's one on top of the
1:26:42other
1:26:43and then
1:26:46the
1:26:50the delta though
1:26:54is clearly showing by minus cell is
1:26:57clearly showing buyers in control
1:27:00there were times
1:27:02a few years ago before it it was still
1:27:04trading it traded back up to like 10 000
1:27:07and above
1:27:08and there were days i mean days after
1:27:11days
1:27:12where
1:27:13you know i'd zoom out and and look at
1:27:14bitcoin
1:27:16and i couldn't believe it i it was
1:27:18nothing but
1:27:19um
1:27:20the volume delta on the bars here
1:27:23was nothing but but green
1:27:25even though even as price was going down
1:27:27it was nothing but green
1:27:29we were talking about a massive massive
1:27:32accumulation
1:27:34and a massive move to the upside that's
1:27:36where it went up to 60 grand
1:27:40so
1:27:41look for some of these things
1:27:43in here
1:27:45look for that kind of accumulation
1:27:48you'll see it
1:27:49i've never seen anything like it
1:27:51before i haven't seen it in futures nor
1:27:54stocks
1:27:55like that
1:27:58but
1:27:59yeah it's it's something really to to
1:28:01look at um in bitcoin if you see it uh
1:28:04and uh i don't know if we'll see that
1:28:06that again uh but uh it was a phenomena
1:28:09that led to just unbelievable moves
1:28:12this could also lead to a bigger higher
1:28:14time frame move now we need we need some
1:28:16[Music]
1:28:19context in here so hold on a minute here
1:28:22and let me go to
1:28:24r
1:28:28uh web version here
1:28:37and let's take a look
1:28:39still we're using the multi-book product
1:28:41up here okay so five different exchanges
1:28:45and let's take a look here we'll look at
1:28:46one month of data in here
1:28:51okay and then
1:28:52maybe that's a little too much
1:28:55um
1:28:57yeah yeah let let's try uh
1:29:01let's try a week
1:29:06okay
1:29:07so this is
1:29:10this is our move right
1:29:12boy is it
1:29:14march 21 and the move up
1:29:18and
1:29:20march 21 and move up yeah this is our
1:29:21move here
1:29:2341
1:29:24200
1:29:26let's go back
1:29:2841 200.
1:29:30all right this is a week's worth of data
1:29:31here this is an important move
1:29:34right you can you can see these
1:29:35important moves like this
1:29:39so
1:29:40anyway look for them look for
1:29:42consolidations and look for that big
1:29:44volume moving it away from that
1:29:45consolidation period
1:29:48right
1:29:49it's it's really really good stuff it's
1:29:50all it's all in the order flow you'll
1:29:52see it again and again
1:29:55all right so uh yeah you're still
1:29:57bullish on this uh this instrument
1:29:59uh let's take a quick look over at apple
1:30:02and we're kind of at the i'm getting
1:30:03near the end of our session here but
1:30:05we'll cover some more here for sure
1:30:07and take another look at that s p
1:30:09i want to see what's what's going on
1:30:11there what happened uh apple same ideas
1:30:13guys uh you know here you can see the um
1:30:17and i'll get to your questions as well
1:30:18so hang in there
1:30:21bullish move
1:30:22cash open
1:30:24move to the upside look at the pullback
1:30:26again
1:30:26okay where it kind of broke out from
1:30:28here at 9 30.
1:30:33guys structure and volume
1:30:36move back down
1:30:38okay now it's not
1:30:39it's a little more convoluted in stocks
1:30:41because that open there's a lot of
1:30:43volume so let's get that out of the
1:30:44picture and look at this volume in here
1:30:48yeah move to the upside
1:30:51uh pull back
1:30:53okay buyers back up above into this area
1:30:56here great looking for move to the top
1:31:00or where they dropped it here they're
1:31:01and they're just going to continue and
1:31:03they're going to go into that uh that
1:31:04liquidity here
1:31:06uh at uh 167
1:31:09would anticipate a bit of a pullback
1:31:11okay love to see it break out come back
1:31:13retest it and then break out to 168.
1:31:16okay now we also have the top of the
1:31:19range here looking for maybe a pullback
1:31:21to that
1:31:22or pull back to this here but is this
1:31:25any different than what we just looked
1:31:27at in
1:31:28bitcoin a little bit different in here a
1:31:31little bit there's some selling in here
1:31:34but it's not bad it's pretty consistent
1:31:36and good buying so we'd be looking for a
1:31:39continuation
1:31:43all right so beautiful continuation all
1:31:45the way up into this liquidy here at 168
1:31:48and looking for 169. okay that's already
1:31:51transacted and
1:31:53yeah bit of a pullback now you can also
1:31:55look at and start to gauge this
1:31:58instrument now
1:32:00too
1:32:01look at these look at these strong moves
1:32:03with strong volume shallow pullback
1:32:05strong move
1:32:07shallow pullback strong move
1:32:11what what's going on up here now
1:32:17what do you guys what do you guys feel
1:32:18about what's going on up here
1:32:30i'm so bad let's see when price so when
1:32:32price is moving down while the delta is
1:32:36volume
1:32:38is green might mean accumulation
1:32:40consolidation
1:32:41um
1:32:42well yeah i mean they're definitely it
1:32:44means that someone's on on the other
1:32:46side of the trade
1:32:48and that's that's classic uh divergence
1:32:51in uh in cumulative volume delta
1:32:54fine pretty pretty classic
1:32:58like if we popped in cumulative volume
1:33:00delta up here you know you're going to
1:33:02see
1:33:03well let's just do it
1:33:06that's hero we don't want that
1:33:08for the moment we want to look at
1:33:09cumulative volume delta
1:33:13yeah i mean you're going to see like you
1:33:16know
1:33:16cumulative volume delta drop here
1:33:21and um
1:33:22because they're selling uh well god they
1:33:25should be buying in here what the heck
1:33:26what's going on here
1:33:31okay yeah all right
1:33:33all right they're selling after right
1:33:35after that that liquidity trades
1:33:40it's interesting kind of move there
1:33:51so anyway even with this breakout here
1:33:54we're seeing more selling coming in
1:34:03okay here's a higher high
1:34:05and look at cumulative volume delta are
1:34:07there new buyers in here what do you
1:34:08guys feel
1:34:13i'm sorry not new buyers is there a lot
1:34:15of buyers up here at a higher high
1:34:19exactly
1:34:20no
1:34:23right now let's take a look at how this
1:34:25is breaking out and look at the order
1:34:26flow within it too
1:34:28okay we're looking for a complete like
1:34:30kind of like bitcoin strong moves strong
1:34:32volume
1:34:34okay now we're starting to see quite a
1:34:35bit of selling
1:34:37quite a bit of selling up here this is
1:34:38you know odd um and then selling up here
1:34:43and we're not getting strong volume and
1:34:45we're not getting strong breakouts now
1:34:47either
1:34:49in fact you can look at
1:34:53like here's our strong move strong move
1:34:56okay now look at the slope starting to
1:34:59change
1:35:01slope starting to change
1:35:03you know you can even see the kind of
1:35:04bigger picture how this is going like
1:35:06this
1:35:08kind of rounded
1:35:12right so we're not calling for a
1:35:14reversal but we're certainly noticing it
1:35:17though
1:35:17and you can start to trade it maybe back
1:35:19down to areas of this liquidity here or
1:35:21maybe down to this liquidity here
1:35:24start to look for it to maybe test those
1:35:26areas and looking for sellers on the
1:35:29other side here
1:35:31to drive it down to those areas and test
1:35:33it
1:35:35okay now that's that's a counter trend
1:35:37trade
1:35:38okay but this is how reversals start to
1:35:41set up
1:35:43and we can also look at
1:35:46the areas in here
1:35:48and start to see we want to see big
1:35:49clusters of selling
1:35:51again big clusters of selling
1:35:54okay less buying up here
1:35:57okay lower highs we haven't made a lower
1:35:59high yet
1:36:01we haven't made a lower low either
1:36:03so structurally this is still in an
1:36:05uptrend
1:36:07what we're starting to note some some
1:36:08some changes though in that
1:36:10the volume within that structure
1:36:13also the order flow or the other side of
1:36:15the trade within that structure
1:36:18okay traded into it slightly break out
1:36:20high liquidity down here
1:36:23at 168.
1:36:26all right so some interesting stuff
1:36:28there for apple uh so glad to cover that
1:36:30for you guys let's let's get to a few
1:36:32more questions in here um
1:36:36i didn't see goon05 i didn't see the
1:36:39synthetic icebergs at the big red dot on
1:36:42the bid remember uh 90 are synthetic um
1:36:46well uh
1:36:48i i don't know
1:36:50if you're talking about um
1:36:56the um
1:36:58s p
1:37:00yeah we can only see then the uh the
1:37:02icebergs on
1:37:04um
1:37:06on the cme instruments
1:37:11all right and yeah we can we we do have
1:37:13we have two different indicators uh
1:37:16the strength indicator uh within the
1:37:18bookmap global plus that can show or
1:37:21kind of
1:37:23emulate
1:37:24synthetic but we don't really know
1:37:26the synthetic icebergs
1:37:30okay so
1:37:32anyway uh
1:37:34that's the beauty of the mbo uh is we we
1:37:37know for sure
1:37:47all right so anyway uh
1:37:49yeah we'll look for it i mean we can
1:37:52turn on the synthetic icebergs
1:37:54as well but
1:37:56basically
1:37:57um
1:38:02yeah i would have to
1:38:04we'd have to i'm sorry i didn't get to
1:38:05your question in time
1:38:07uh
1:38:08to to cover it but yeah we could we can
1:38:10cover it in in detail
1:38:13next time i
1:38:14guess
1:38:16okay so let's take a look at our bitcoin
1:38:18you know seeing some selling coming in
1:38:20here as well in bitcoin but uh
1:38:22um yeah so probably some back and forth
1:38:25right now but this is a really strong
1:38:27powerful move here
1:38:28uh let's let's end up here with our
1:38:31how's our
1:38:34s p look
1:38:41okay so our s p
1:38:43european close just went right back up
1:38:45to o5 again
1:38:46it's a pretty
1:38:48pretty interesting move um
1:38:50well i thought here i you know i was
1:38:52thinking we'd probably get up here and
1:38:54we'd see the move and we got it we got
1:38:56the options we got that thing going uh
1:38:58above the uh 4 500
1:39:01the figure here uh we're still we're
1:39:04still climbing higher and we still see
1:39:06these buyers up into these areas here o5
1:39:09but but look at the buying in here look
1:39:11at the selling in here
1:39:13okay we're seeing a lot of selling
1:39:15coming in
1:39:16all right so
1:39:18um
1:39:19structurally hey we're still bullish
1:39:24you you can look you can look at it here
1:39:27structurally we're still making higher
1:39:29highs and uh
1:39:31basically higher lows uh
1:39:34but uh yeah we see a few different
1:39:36things in here
1:39:40all right so this is where this
1:39:42structure did break
1:39:44uh and then we got the the move lower
1:39:46here um
1:39:48but uh here
1:39:49see how it bounced off of that and we
1:39:51get to move
1:39:52higher right so
1:39:55anyway starting to see a slowdown in it
1:39:58as well
1:39:59in that structure
1:40:01all right guys let's wrap it up thanks
1:40:03for coming everybody we'll catch up
1:40:04tomorrow we'll have j trader on for the
1:40:06first 15 minutes i'll go through
1:40:08and then j trader will come in and
1:40:11we'll go over some stocks
1:40:12all right yep thanks everybody take care

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