Higher Time Frame Market Structure and Order Flow Day Trading within it
good morning traders and welcome to the bookmap live trading trading webinar this is bruce at bookmap and uh so we do live analysis forward-looking analysis here monday tuesday and friday uh 10 a.m and live trading with stocks by j trader on wednesday and thursday scott bulsini futures trader so let's uh jump right in here we'll go through some disclosures very quickly and then take a look at this s p and see exactly what's going on out there in the markets our education is forward-looking we'll read the current market and give insight to where we think price is going to move next general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations uh the uh risk disclosure trading futures assessmented by trading futures equities and digital currencies involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results all right so let's jump in here uh and um take a look and see what's going on in this s p lots of stuff to go through uh the um in the bigger picture here but let's just take a quick look at the order flow right now since uh you know we have the volatility at the cache open here and you can see that very clearly uh within the uh the volume dots over here okay where you know everything has really changed and really picked up at this point so you know you can see this market kind of selling off here after some nice moves and then look at around here before 8 o'clock test into high liquidity down here around this 40 to 35 ish 36 ish area here and a nice bounce right up into high liquidity up here at 42.55 and it's really been choppy uh kind of since it did break below this 36 into another area of high liquidity down here around 4230 and then right back up again right back down again uh and then right back up again now it has broken out here of this area and this is an important area for right now this 4255 area this is where that high liquidity is and they traded into here a few different times and have broken through that area and you can see and this just exemplifies um and visualizes these concepts you hear about well you know once once resistance is broken it turns into support well this this is exactly why and this is something bookmap is so good at showing because it's such simple data here but it's understanding the concepts of really how the market works here so you can see this move up into high liquidity it transacts big green dot right up into that liquidity market sells off does not trade into this high liquidity down here comes back up trades through 4250 and there's still some liquidity up here a little bit above this 55 level it trades and there's still more buying pressure okay and now we we're break we're pulling back and bouncing once twice and this is the third test here where it broke out from now question is are we going to get sellers in here do we get sellers in here that are willing more selling pressure to have this be a false breakout we're going to look at that and we're going to look for that scenario to unfold and what we're looking for down here is big red dots sellers ready to move the market here they go let's see if they follow through now let's take a look at the order book okay we'll see they're still lined up here here's our big red dots but look what happened okay so far they were unable to move price lower well how is that possible well there's an iceberg here here's another iceberg look high liquidity at 55 and a half here there they are they just got absorbed okay now we're getting our selling pressure through that area all right and starting to understand now this might be a false breakdown here okay it's set up really nicely to be a false breakdown if we get buyers back up here at 56 watch out and we're going to get move right back up to 60 or 62 up here okay so see how now their market is gauging this this is a really tricky moment right now and we don't have too much insight right now buyers could have at this point here taking it higher and there just wasn't enough buyers now we're back down here are there enough sellers down here okay we have we know there's some positions of larger players in here okay well we're going to take a look here okay now the market doesn't know either right we have different players different time frames different uh you know sizes of of players in here uh now we're getting a little more clarity looking pretty good to the downside here okay looking for 52 and 50. okay there's we already hit 52 quickly now we're looking for 50. right so we didn't have insight here until we got to here and here's why i'll go through this here now this this also might be a false breakdown okay we're watching this what if we get buyers back up above uh yeah i i i'm still going with the downside into 50 here reason being is i i don't see enough buyers quite up here at this level it's mostly sellers so still looking for the move lower here all right i'm going to go over this quickly here but because i want to take a look at the higher time frame uh and what's going on but reading this and understanding concepts in here very simple concepts this will uh help you so much in in all of your trading on all different time frames okay now we're going to do this reading again and again forward-looking analysis here uh still looking for a 50 to trade here and we'll do it again and again and we'll do it on these smaller time frames just so you get the idea or you can see it unfold in real time please go to our educational course that's online to understand you know what these concepts are and then we can also look at higher time frame there's our move into 50 and there's still more selling pressure okay so let's see if there's still more sellers can take it lower maybe down to 45 here now the liquidity is down a little bit lower here around 48. all right so that's what we're reading so far but this concept in here and what we're looking at in here let's go through it quickly right well we didn't quite know we went through different scenarios in here of what might have unfolded and then we saw this move into into here we got our red dot okay but at this point here we got our we got our sellers here but it's like wait a minute now that's big selling and they're not able to drop price all right well what's happening here there's an iceberg here that's absorbing uh there's no not much liquidity in here okay what what it is instead is this it's an iceberg it's about 200 contracts in here absorbed we can put the on chart iceberg in here uh hold on a minute stop some icebergs on chart okay there 84 okay now i think i have this filtered uh now that's this is on chart gotta open it up okay now that's all of them now that doesn't doesn't look quite right i have a filter on here okay well yeah anyway i mean you you can see the icebergs my point here is that uh i they're absorbing here and and price is not able to drop right it's running into this iceberg that's still in here and finally gets filled down here for 500. um so and that's what unfolded here okay at this price level now we didn't like i said we didn't quite know uh where price and you know no one really knows where price is going to go and until we have a better understanding of the players involved at these at these levels so if they're going to absorb here maybe we'll get buyers on the other side here we didn't we got the break down right and then we had potential up here we come back up here and retest here if there's buyers looking for a nice move higher not enough buyers come back down here retest here not enough sellers down here okay so in general then we came back up here and retested here and look at the buying up here and this is like exhaustion at this point and also at this point up here there's not enough buyers no one's interested okay there's a little bit of buying that lifts the offer up into this area here around 57 and a quarter and that was it once we start to see sellers come in here now they they've got something this is where we're looking for it and this is where we're looking for the move lower into 52 and then 50. right now the reason being is because of market structure
the buyers and sellers and also the liquidity in here in this relationship uh so we had our sellers in here buyers could have taken it here we didn't know come back down all right well you know i don't really see much happening here at this level here buyers come back and try to reach higher they couldn't they exhaust out they make a lower high here and then we come down we start to see some selling pressure this is where the sellers can take it okay more likely at this point they can take control of this market and we'd be looking for that to unfold and they did and we look for that to happen again and again and again down to 50 and then what has happened here we're looking for 48 that already unfolded as well and then you can see now it's a battle we're back to the battleground here look at buyers here taking control above this 50 50 level or 52 level here okay and then sellers down below so this is again like a battle that's happening right now we don't have too much insight at the moment but this was we were looking for this to unfold anyway yeah please take a look again and again for these patterns in here this gives you an edge in order flow okay understanding the players involved in here and the potential moves and where the moves might go because they're going to test liquidity they're going to trade to where they're they can find buyers uh in the uh in the order book and they're down here at this 52 and and lower here 50. all right so anyway we'll go over it again uh and again so uh let me see if there's any questions so far can we take a look at amazon oh it's down 356 okay i'm not sure if i have amazon up or not um i don't think so but we can jump over uh guys another thing too like uh we're gonna have another trivia night uh tonight uh so um i'll put this into the uh chat now um this is only uh in discord uh it'll be in our events um room okay the events voice channel and also in the text channel there and you guys are familiar with it maybe we did it a couple weeks ago and there are prizes or one prize so you get a gift certificate for 100 bucks to the bookmap marketplace for whatever you want all right so anyway i wanted to mention that and hey maybe some of the things we're covering in here right now today are going to be in the trivia event so uh uh yep it'll be at 4 30 uh east coast time m c local so uh thank you for that uh and uh yeah i can even i have the image here hold on and i'll put this into the chat for you guys there you there you go okay and uh for you guys on youtube here we go as well uh this is the the trivia night 430 uh i'll i'll tweet it out and and and you'll find it in the events room okay all right so anyway there was a quick move quick read of the order flow here uh now this has been a false breakout okay came back up we're looking for it around here we got some insight we're looking for the move lower that has already unfolded uh and uh the question is though can it st what's gonna happen now okay well look at the bid down here seems to be um you know interest here to buy at these price levels which is higher okay and we're starting to find aggressive buyers all right where are they going well look for 60 okay looking for 60 now we're back to or this important kind of pivot level here around well just above 52 or 55. this level here we already mentioned this is an important level for today okay or this at this time frame here are we above it or are we below it uh and that we want to understand the order flow now here's what the order flow is telling us no we're they they could not take it above all right seller's now taking it down let's see them take it down to 40. okay this is this is
a pretty easy read as well okay that appetite in here or the the demand is kind of diminished and we're seeing massive selling coming in so looking for them to drop it down to 40. okay maybe 30. uh and that would be below the cache open here at 9 30. so this is a great target here at 30. okay now for this whole range since the cache open you can see we're even trading through a high volume node here likely we're going to get a bounce in here likely right here where we are currently we're going to get a bounce why do you guys think we're going to get a bounce here okay i just mentioned one is is the the high volume uh profile but uh or high volume node in here but there's something more here what do you guys think it has to be about it the answer is about who's in control in certain areas a bounce at liquidity um no no resting uh liquidity no short covering no uh high volume node is a techie girl that it's it's a part of it but like we're already through it though um uh alec all right so where do buyers take control uh alec that's kind of the answer i was looking for uh but uh uh where did they take control and and uh what time yeah right right right in here so if we didn't get that bounce okay but i would be looking for it there's there's a host of things in here to look for a bounce in here we're looking for the move down into 40 the selling came in like it this was an easy read okay we even mentioned it before it unfolded okay i mean that's what we do in the room it's not a trade calling room we don't it's not a recommendation it's forward-looking analysis foresight here by reading the order flow and most likely uh areas uh to for for uh to price to uh to trade to or test and we said 30 okay and we're just about to hit 30. uh so uh anyway uh very strong selling here moving price away from this whole value area but that's a whole nother subject um what's important here uh is or that why there was a possibility for a bounce in here there's a number of reasons here but this is where the buyers came in and and really see how they came in and move price higher uh and uh well you know this is very similar to uh i i know that uh you know a lot of you guys are very popular trading strategy uh is volume profile or using volume profile and market profile statelmeier has also re he came back and kind of edited a revisited volume profile and this is one of the reasons why he talked about it as these volume strips well here it is okay strong consistent buying moving price away this is where that initiated and started down here okay so even in fact the really the breakout was right around here all right so we're looking for price strong selling high liquidity here at 40. uh also you know some high volume nodes here it's a little bit higher 42 and a half so we have some reasons why there might be some profit taking why you might find buyers supporting it here again uh and then for a move back up and re-test maybe back up to here as a pullback it didn't unfold there just wasn't there wasn't any interest here we don't see those buyers they don't come in in fact they don't even they get slightly above this transaction here i mean this is really pretty bearish here they get slightly above it here that's it though and then the sellers come in back and forth back and forth sellers come in move it lower looking for 30. um so uh yeah anyway uh this is another reason
okay and then you'll have to kind of figure out and and and come up with your own trading plan for this is to understand like when you want to take profits or or if you're looking for a counter trade back up here and if you're looking for a a pullback you didn't get any pullback here this is this happens very frequently in here uh in in the markets you know we're all looking for that pullback oh be great i'll just wait for it to come back here i'll get in and it just the market has taken off without you so you know you'll have to kind of figure out a way to if you're a pullback trader well then you missed this okay and this was a pretty easy move to catch based on just the order flow in here at least you know we thought so we thought so we we we saw the you know the test up here it failed the selling coming marching in here looking for this move down to 40. okay then 30. uh so uh the um but a bounce hand here is is definitely in the cards uh doesn't doesn't even happen it you know so uh going through and understanding this scenario in here is important uh for your for your trading plan because uh uh you know it now it might come back up and revisit this later in the session or something whatever but the move is here and now and you know a lot of times there'll be low volume nodes down in these areas in here and you oh yeah it's going to bounce or whatever it just runs you right over just be aware of how to manage your trade when this kind of scenario unfolds okay if it's a trade management or if it's entry or exit right because you're kicking yourself missing a pretty easy move and anyway so go revisit your trading plan and figure out ways that how you might consider to capture uh some of these moves in here via the order flow all right um overnight low is 42 30 okay yep thank you leo trader um yeah well there you go i mean it was uh not only the uh the cash um you know uh open here uh the overnight low as well so i mean there you go um uh and and that and leo's looking at these even well i i don't know what you think leo if if overnight low is i mean since it was the same here basically overnight low and cash it's it's the same uh is equally important but i i would imagine that you probably find the probably goes back and forth but i i'm curious to see what you think what do you think i know it's just a stat i i know i'm curious though what you find might hold better uh an overnight low or the cash flow or where you get more reaction okay and we're talking about in the first you know hour and a half or so of trading that's a really interesting uh kind of a stat to answer or to get data on uh because uh uh you know the overnight low i mean there's there's not a whole lot of volume uh for that whole overnight uh and then that cash session low though it's a lot of volume but it's just been recent activity tough call yeah okay uh let me jump back to youtube see how everything's going over there all right kg looking at a trend line any questions uh youtubers let me know uh and alan wanted to look at amazon so let's take a quick look or at least get some data here for amazon all right okay uh and wow a lot of icebergs over here just uh getting filled just at this at leo's overnight low here right so uh interesting stuff happening here all right guys well anyway we've gone through a few different trades already uh this is because of amazon um the um i already went through a few trades in here uh but i i i we saw some good stuff so i wanted to cover it uh and and a couple of easy reads or some very difficult or wasn't really a read it was it was like well we didn't know and then we saw then we knew and we're looking for the a couple of moves to unfold here now what i want to cover though is the higher time frame here some really interesting stuff in here all right we talked about this beginning of the week we talked about this level down here we had drawn these up um in the either beginning of the week or last week or like you know several weeks ago this this this area in here and a potential move into it and then you can see what happened in here on the daily chart here we got to move into it and a bounce out of it here okay it came all the way back up and retested this area in here uh and this uh uh 43 4300 is that right yeah so uh you know some really choppy stuff uh in here here's the hour chart here in the middle and you can see uh as well like some of these moves in here and um uh you know so here here's today's action here uh and then and you can see the um uh well opened up here kind of almost filled the gap basically and then look at the sellers come and move this lower here now okay so now can they move it down into this area here guys on your higher time frame where's your high volume node okay on this hourly chart in here is probably around in here somewhere probably around 4200 i imagine this is also a nice target for these sellers to reach that area here okay now what else do we see that that's another another good reason why we that we can see we see pretty good momentum here on the sell side on this hourly chart uh why why is another good reason uh uh that that we can trade back down and test into this area here okay it's kind of similar to the previous question the answer is basically the same so we're buyers to control exactly i'm so bad exactly and look at it here i mean like look how visual this is here look at look at right here now this is at 4212 okay or 4210 that was an important area that we drew up on our charts uh several times uh as well um and i i deleted that line i think we had one at 15 or or some somewhere i think it was around here 12 and a half 13 i don't know some something like that uh and you know look where buyers took control here they took command of this market uh here look where sellers are going to test uh that area here now we're already kind of looking for maybe a bit of profit taking here around 20 bouncing off of this area here this is going to be your low volume node okay you don't have to have volume profile to understand that you just know there's a cluster here and there's very little volume in here all right so maybe a bounce off of that but momentum is pretty strong here so i'd still be looking for a move lower into some of these areas here and yeah somewhere around this 10 level uh but also 4200 or 05 and then here's here's 41 4200 here just below this swing down here all right so these are some potential areas now on the candlestick chart we don't know uh where the liquidity is where the buyers are lined up uh where where is their demand in here okay so uh you know that's when we go to bookmap to check it out okay to to understand really what's behind all of this here in the candlesticks okay it's really what the candlesticks aren't showing us what they're hiding um let's see uh leo um today's session one time framing lower on the 30 minute cleaning up yesterday's poor tpo structure yeah okay so yeah leo is a pretty pretty serious uh market and volume profile trader uh so you know he's looking at these um uh tpos uh where there's opportunities uh where price might go to check and test an area where it did not auction properly let me i'm going to cover that concept in here in the order flow and auctioning properly or not properly uh it's um it's a you know it sounds really kind of high fluent fluent uh and it's not it's this is actu these concepts are so simple uh it it doesn't it doesn't take much to understand these things this is not rocket science at all and even you know saying auction market theory sounds kind of heavy uh and uh like there's you know it's very complex it's not it's really simple it's like just going to the farmers market buying potatoes and uh the same idea here all right so let's go let's cover and this this idea and this concept of like um retesting uh into tpos or or low volume nodes or filling in an area where it didn't auction properly uh boy you you'll see scalpers take advantage of this day and day and day or moment and minute and minute and minute again um so uh let's see here i guess probably you know it might be easiest to show in crypto to be honest uh because in crypto yeah okay so here's a book sweep here all right and we know this is likely a stop run as well okay we see a lot of selling coming in nothing but selling here nothing but this is a vacuum in here now this is where that selling initiated up here we can go to the s p and look at it as well i just want to look for a very clear example and this isn't bad and now we're looking for it and it trades into and actually threw this high liquidity here at 39 000. okay now it's a vacuum in a sense though because here sellers came in and and moved this all lower a lot of times i mean you can see in crypto here uh the best offer filled in pretty pretty quickly okay but uh a lot of times though you'll see the best offer still hanging out up here at 39 040. and that's that's the the spread
basically it hasn't caught up yet uh or no one's willing to offer uh lower uh so that's that's the vacuum effect here and all it can take is a very few contracts to pull back to this area here all right and uh and and fill that in okay uh and that is what leo is talking about uh here about not filling or not auctioning into this area here it is not properly auctioned in here it its price has been has moved away very very quickly uh and this is kind of a vacuum now and and and you can you can see it in in the in the volume columns okay the volume columns capture this beautifully all right so uh that's how you get these low volume nodes or like these really weird little areas in your uh your profile you see lots of trading and then like very scant little areas of trading and then lots of trading again okay that is filling you know price comes back to fill in and test those areas and auction into those areas that is the concept here and this is an example on a very low time frame and that's actually how you get and this relates to it you know stick with it stick with it uh techy girl you know the answer that is how you get your low volume pullbacks okay it fills in or it just retests this area here and does it find demand does it find or does it find a buying pressure okay or does it exhaust out yeah i mean you'll see it this isn't really the best example it's not bad it's not bad at all but like i mean you'll see it sometimes so clearly it's just like it's like a poster child for it um and understanding these concepts though once you understand these concepts like i keep mentioning the market is yours i mean you know now you you don't have to follow and and read a book for well i only trade this or that you can come in and just say well i like this concept i understand this concept i'm going to go study it now and i'm going to look for that and i know what it looks like and then i'm looking for you know sellers here to move it back down again after it comes back in and retest this area i'm looking for exhaustion up here okay uh and uh you know they pushed it a couple times and and took it back up above here uh it's still low volume most of the volume is here now we also know we've covered this here this opens the door here also for buyers up above it even on a low volume pullback right so that's where the trap is though and and have to be aware of those things uh in these concepts all right so uh let's see here um let's see leo uh showed an image here so let's share that all right so oh boy leo i'm having a hard time here 42 here's 40 here's 30. um you're looking for to auction back into this area i believe is that correct yeah right in here probably um i'm not sure what this profile is here i love it i mean this is such a you know a lot of a lot of traders don't look at the the market profile they're looking at volume profile um and you know i like it now we're talking about time and acceptance here uh in market profile you know instead of volume you're looking at something it's different you're not talking about the the number of transactions you're talking about time and acceptance in levels uh and it building out a profile so that's why you'll see like you know futures trader 71 and others they'll have both up you know they're looking at both uh and um anyway there's some kind of purity or beauty to these um market profile charts that i really like um anyway um yeah let me know leo if there's anything else you want me to go over on that um but uh so i got the image there all right so let's uh let's go back to this s p and see what's going on in here and where did we head to oh god so i i run at the mouth and we miss these these these wonderful moves um well we were looking for 30 uh and then we were um you know and we know that there are sellers moving it away here but 30 was a pretty key level here uh due to the uh the volume and the and the structure here and we can see that even down here we didn't get much of a pullback at all on that buy side in fact they just pulled back to this little structural area here and then and then this is where the buyers came in or the sellers came in again and again and again now it's still possible in these areas here you i mean this is why we we talk about not only where the volume is trading but also market market structure okay so uh here's why the volume is trading here and the transactions are happening here if we can get back up here and get those buyers back up above here or especially up here around 30 again then this is this is all trap volume or and we'll see the stop runs probably back up into about 32 or higher all right so nonetheless here's what unfolded we get the the clusters down here typically we get lots of stop runs down here we didn't on this one we come back down again and not a whole lot happening in here some kind of weird price action and it was really sellers down here it was really kind of nebulous in here at this swing low here uh in on this small time frame but the sellers come in again and again and again hitting into high liquidity hitting to high liquidity even through this liquidity here at 16 on down okay so that leaves us up to current price and then look at this here look at the buyers back up above it all right let's see if the buyers can reach 42 20. okay so just just back up into here right and if we if we see the sellers come back back down below this level here at 15 and we see selling we're looking for it to come back down to 11 and 10. look at the selling down here not a whole lot and they didn't tend they did not trade into 10.
okay so we're watching and understanding assessing this auction here okay here come our sellers now let's see if they can move it now you know or are they going to just get are they going to get trapped and we're going to watch this closely okay now they have the potential for being trapped right now okay see see the buyers come back in okay but they're not they're not enough there we go all right so looking for sellers to chat now try to take this away from this area back down to 10 42 10. um okay leo okay so you got some single prints to clean up see the chart above yeah no we just took a look at it leo i don't know if you stepped away for a moment thanks for posting okay just shy of 10 back down to the low here okay still looking for 10. you did step away i know i was asking questions uh uh about it like uh uh what what you were looking for and i'll just go over it again uh quickly here uh so we can we can review it there's our 10 guys okay so anyway i don't know how you guys feel about it your trade management on these things uh we haven't looked at the higher time frame here uh let's just jump back quickly okay this is kind of a critical area here okay we're testing into these areas here okay you know i i would take some profit okay that would be me though right i would do that you will have to assess this all right as i mean this another five-point move from here on down okay or let's say four and a half or four you know from here on down okay anyway um the uh let's go over leo's image before uh he he walks away again um so uh this is what we were we were talking about leo you're looking for it to fill in some areas here i believe it was i imagine is this this area in here uh because uh this is where we don't see you know we have a couple of prints in here uh right in here especially but that's it and that's definitely the lowest on the on the chart here okay so it's down here now at 10 so it's testing this high volume node or this poc from previously here i don't know what profile this is in here but i guess these are days each is the day here i'm not sure okay yeah so anyway i imagine that's what you're looking at um and then and then just to fill in i mean that's it right to auction here uh due to that vacuum we talked about and then the market kind of determines and assesses like what's going on at this level here all right well we found more sellers willing to take it lower they took it down to this level here which is very clean and easy to read here which is our 4210 okay now so and we know there's liquidity there so now if you line up and you're trading market profile then this area here is not a bad area to target and to take some profit okay maybe look for order flow reversal to trade back up and re-auction back up in here maybe okay so there's some concepts in here these are potential trading plans and what we want to understand this is the bigger picture here but when we were talking about what the order flow looks like uh for it to trade maybe back into certain areas all right anyway uh let's continue on all right and see i mean the market's kind of going sideways here now we still have a downside bias here uh we're just we're not making higher highs we're not making equal highs uh we're making lower highs and there we go you know so we still have a bias here uh and but we're watching this here and getting kind of understanding of how this market is uh you see how it's starting to kind of flatten out or not flatten out but i'll show it with lines here okay we have a line here no now it's here no now it's here no now it's here right or you can draw your trend line here or you can draw your channel here okay but now the question is in the order flow okay the price structure's starting to do that that's good uh but what about the volume well i don't see a whole lot of volume trading up here it's not bad it's getting better at least but it's not a whole lot okay look at the buyer's try here but um it completely just stomped on by the sellers and then there's still more selling at lower lows okay so you know although things are starting to kind of flatten out i'm not we're not seeing much on the buy side okay and we need that that's what's going to lift it back up into these areas and then see more buyers at higher highs and we'll make higher lows and see less sellers there let's see if we get a quick move here on the buy side we're back up at the top of this little small range in here so let's read the order flow here okay uh looking for the bid to light up here and the reaction to that bid okay and this is scenario one which is the most uh not likely most unlikely uh is scenario one uh and that's a you know potential reversal here okay because we're not seeing it but we're looking for it okay if we get more sellers in here we're just looking for lower lows all right and and uh uh and and that's that looking for exhaustion here uh and and more selling down here uh into hiluki watch them uh see if they pull here on the on the bid and and price can move lower easier all right so that's the scenario actually number one uh and most likely okay because we just don't see the buyers yet right now scenario number two is what if we can capture a lot of sellers at this low here and then see buyers up here okay a lot of buying and well these sellers in here are going to have to be buyers up here okay or up here at 20. all right so uh that's that's why we're we're going through these scenarios and looking for it and we don't see it yet okay so the most likely one is the one that that we said scenario number one and that's playing out but we're watching we're waiting we're seeing if the order flow matches scenario number two if it does then it's more likely for that move to unfold and then we gotta gauge like how it's trading uh in these areas here okay so if we come up here and we see a lot of buyers up here and we see some up here previously so it can auction up here we know that but here's our exhaustion and the sellers come in and just pound on it just into this liquidity here at and that's it okay so let's take a look here all right we have that potential let's see if we if we get it here if we get some buyers here at nine nine and a half in the smaller range we can come up to the bigger range okay to 10 or 11.
yeah let's see if they can do it there they go okay now let's see if we get more up here right right here at 11 and then we're looking for 13. and we want to see it pull away quickly here okay and trap god i hate to say trap but like we're looking for a quick move here and there it is there it is okay we're up at 13. now they pulled that liquidity here at 13s well we're not quite at 13 yet but pretty close okay now we're coming back and filling in that area here okay because it didn't quite auction in here you can see it in here all right retest it and do we get more buyers in here not yet okay okay where did where did it come back and retest now guys on the in this little uh area here okay and and now we're through it too okay so now what what area is most likely gonna gonna go guys can you hear me in here am i talking to myself would love to get your feedback in here and uh alan i'm so bad uh m.c loco uh techie girl love all you guys um let's get some others in here i mean guys be and be wrong just get something out we'll go over it you're waiting for amazon alan um that's fine but we want to learn that's what we want okay well we were i was alluding to like this going lower here uh into you know o6 and o5 uh and liquidity down here o4 uh here's why and and how many this this move here is no different than what we saw just earlier around um 4255. no different okay the buyers came in uh and we were looking for that scenario here scenario number one was to the downside scenario number two was if we got our buyers in here covered in real time then we're looking for the move back up into about 13. okay and it even it did auction at
13. only three tr transactions up here my god poor poor guy um uh trapped up here with just his three behind the breakout um i i shouldn't laugh um anyway um the um so here here's here's that move okay now we're looking for a low volume pullback to here okay fill that fill that vacuum back in and then we're looking for potential more buyers exhaustion here and buyers to come in we still have one more oh there we go now it's lighting up thank you guys appreciate it appreciate it very much um so um excellent excellent um so yeah so now at this point here we can still go into the high volume node and bounce off at 09. okay but that's the last kind of call here okay it's a bounce off of here usually if if it's going to be a trap and we're looking for that quick move which which unfolded here but there's no follow through on it uh we'd have we'd be looking for a low volume node and then and then a leg two uh and continuation not not a leg two back up to the high but continuation and that would be a reversal uh here uh all we did was get this and then not enough buyers aren't supporting it anymore uh and then we come back down to low volume or high volume node here of this range which is um here okay and we we get more sellers here and they're taking it back down to the bottom of the range and we get more sellers down here so based on this structure we're looking for it to go lower or not just structure volume and order flow in here now there that you know there's not there's the buyers are done for here at this point now we're looking for sellers okay and and likely move is lower at that point and the likely target is liquidity here at six five and four okay all right now now look at the buyers come back in okay so here and as well same ideas same concepts here we'd be looking for the support here this is the pivot line here okay you're you're under over at 10. okay they went through it they were up above it now they're back below it point of control and through it here is our pivot down here and this is this is where all the sellers are trapped same idea same concept here sellers here below at 08 okay yeah 08 and then buyers above it here now here this is looking better we we even broke this swing we we did get a leg up here now okay and we're looking for buyers to support it here at 08 and a half or so okay selling selling pressure is still pretty strong in here lots of buyers did come in we got our stop run at the top here uh and then sellers uh coming in all right not enough selling pressure to even reach down here yet okay so let's see if we get more buyers back up above even we can even look at this in in uh the fractal nature here and and again like fractals guys i i kind of these you know technical terms and and math mathematical terms we're going to kind of debunk not debunk it but we're going to just look at it visually here and understand it in terms of order flow because it's it's not difficult and what's behind this is is pretty straightforward and and commonsensical buyers above look at the sellers below okay we can start to draw up these structural areas here okay it's even down here this is the same thing buyers above it we're looking for sellers below it okay so we're getting our buyers here they're coming back up here sellers fill it in okay now we get buyers back up here again okay now i want to see these guys pull here they're on the bid here that's good but what's the reaction to it well nothing yet okay here we got a little bit of buying all right buyers let's see you take out this guy on at 15 can you do it no sellers take this guy on here at 12 12 and a quarter okay now can they take it through this point of control not yet okay now point of control of this little area in here is here okay at 10 and a half okay do we get sellers down there at 10 and a half nope okay buyers let's see you try to lift it right back up here 14 15. they're trying they're trying they're trying and now where where where could they fail though too there's 14. now traded into 14 and has bounced since not enough to take on 14 and trade to 15. not yet okay let's see if they can do it see them starting to pull a little bit at 14 as well there they go there's 14. now let's see if they can hit 15 now
trying it's this is a hard call there's there's buying and selling in here there they go see the sellers come in know so when you see that and you don't know and it doesn't really tip its hand stay out don't get involved let them battle it out let them test areas let them throw high liquidity in here and see what the reaction is okay now let's see if we can get back down here around 11 and a quarter and see some selling here okay and our we know our our um high volume node is here at 10 and 10 and a half okay let's see sellers trade it down to there okay just just to there now you see see how you can look at at some of the selling in here and you can start to put together in your plan all right well if i start to see sellers in here now i'm kind of a mean reversion trader i'm looking for to trade back to an area of average of average pricing it could be a view app it could be your your high volume node or maybe it's something else you know whatever now look sellers are down below it now okay so now we're down below it here and we're seeing sellers here let's see if they can test it retest it back down here to o8 there's a lot of selling in here yeah i don't i don't think it's uh uh again like there's not a whole lot of clarity in here except that the selling is pretty nice in here and it started up here at 12. okay here we go all right let me jump back to questions not that one hold on okay youtube guys um oh you're welcome alpha um uh yeah we can go over cbd in here as well what do i mean vince by low volume node okay thank you knick knack good to see you in here again um and i'll go over low volume note it's very very simple uh and it's more that's you know talking about volume profile uh carlos you want to learn how to read stops and icebergs sure no no problem how how they measured how to interpret them yeah we can put that into here as well so guys now we're through we went through that 08 right and there's still more selling pressure let's see them try to drop it into r0405 now too continuation now look at the selling pressure understand the selling pressure here 4200 the figures down below here as well uh let's put our v app on here i know a lot of you guys like to look at the view app i do too i like it because i i like it very much because it's one line everyone's looking at the same line and we know a lot of institutions that you know above or below v wap is really important uh to them so you'll see these mean reversion type of trades back to v or i should say just back to v app and point of control let's put our point of control on here as well uh it's way up here right and you'll see it i mean and they're just you know i i mentioned this in the last few weeks how relentless those traders are um because they're there to make their money uh and then they have they do have a lot of uh buying power uh and they'll make sure that they can get it back there and when you see that you can jump on board and ride with them see like right now all that selling pressure and that look into o5 well we're finding pretty equal buying pressure now after after this okay after that selling pressure now sellers pretty good selling from about here onwards already retested here okay and about to be retested again by buyers here okay now if the buyers can and we see big green dot up here we're looking for the high of the range here at well it's at 14 at 14 and then maybe our our 15 and three quarters up here okay so you just see the buying pressure now all right let's see them lifted up into 14. okay now let's let's take take a step back and take a look at this here all right look how we made an equal low here we talked about this kind of coming down and flattening out and now the potential reversal now we've got a whole lot of things lined up here for this potential reversal okay so looking for 20 looking for these buyers to take it up to 20 on this time frame here this higher time frame now let's just take a step back because we might get this move to our v app now okay or even point point of control up here all right here's why okay uh leonard helped us out okay he showed us this higher time frame market profile we had a high volume node here he was just looking for it at that time when he took the snapshot for it to trade and kind of fill these areas in here and test and auction into these areas well it did but it traded through it back down into this kind of um 10 level right and and then now we're getting a bounce okay or we're seeing the order flow kind of definitely the uh downward movement has slowed uh and we're looking for a potential reversal here okay so we have reasons though based on higher time frame analysis and and we also talked about it in here in our candlesticks and that that market profile chart guys you know here it is here too i mean you don't have to be just to understand the concept and then you don't necessarily have to look at that chart now um leo is looking at like areas of for the market to fill in an auction into those areas that you will not see here but you can see that there's a cluster of volume or transactions here and you can see the quick move away okay well we're looking for the move back down into here and the potential for a bounce here due to what due to what what was it in here why would we assume that would be at least profit-taking down here yeah it was it's these buyers here and that's where that that's where that bind all took place and moved to the upside exactly i'm so bad yep good stuff guys uh how do you know alec if you know of this here i it's kind of like a low volume node um or i'm sorry a low volume pullback how do you know if it's profit taking or not uh or initiated buying well you know um it it's by the strength and the volume you'll you'll see it even in your candlestick charts um on pullbacks uh it it's pretty it's pretty straightforward um so for example um these counter trend moves a lot of times i mean here we didn't really see much but you know maybe this is some some buyers taking some profit or sellers taking some profits you know i mean these kind of smaller moves and there's just not much behind them um i mean here we have the you know maybe maybe some people getting stopped out there's some stops here uh uh however um the the move here i mean it could be some initiated bind here that just got crushed you know just just uh uh not enough here um they lost their bullets uh sellers came in and didn't really crush them here okay so yeah when you when you start to see the initiated um bind it it looks like this here right and we're looking for them to move it away from an area here now they they were able to move it outside the range here we almost got up to 20. we were looking on on this time frame we were looking for 20 we didn't get there okay we came back and we're retesting here the high volume node here okay and and we don't know yet it's not it's not clear right now i mean there's a lot of selling down here and let's see though if we i'd be looking for this scenario here is of buyers back up above this 12 and a half here a lot of sellers here a lot of sellers not able to to break price lower though here they go again boy to me it looks like sellers are going to do it back down to o5 or 04 o2 back down to the figure here looks like it to me i mean in the order flow that's what we see right now yeah looks i mean that's a lot of selling pressure in here there's some icebergs here but looking for sellers to drop it all right we've got to go over the opposite scenario because it could unfold and it may here and this is how it unfolds buying cluster down here our selling cluster down here buying cluster back up above it and move to the top of the range and we'll see if there's more buyers up here all right so let's take a look here so if we get our sellers back down here around 08 and a quarter here they are all right they've got it now if they want it we just need to see them pick it up here let's see let's look at the order book there they go all right so sellers should be able to take this lower and we'd be targeting 05 04 and then 4200 here and there's o4 boy that's a lot of selling uh guys i'm sorry i i asked for some questions so let me let me kind of uh go back here um and you came came in and uh uh with all sorts of great great answers here um igor price going to liquidity excellent leo trader i got to use uh uh tom b's are you checking with me um uh yeah guys if if i imagine uh most of you guys are are well aware of um uh the um tom b over uh uh in his trader's lab room uh really excellent stuff um and the way that he's looking at volume profile and mixing order flow together so it's after these webinars so likely in another about you know 20 minutes or so so jump over there uh definitely and uh uh you know check out the uh the analysis there it's uh it's excellent i love it love it techy girl um you're you're on it definitely all right well look at look at this surprise here okay this is a surprise they kind of came out of the blue here uh and see how they up ended though and moving away from these guys here these sellers in here okay again this is i mean the same old moves you know and this is just how the market works okay and potential trap and potential stops not many stops hit a lot of icebergs in there too okay they they moved up and retested this area up here our 13 level which we were looking at we were looking at that way over way over here yeah way over here when we're looking for that bump uh look at this point of control just moved down okay this kind of shifts everything as well potentially especially anyone who's trading back to point of control all right so let's see now if if these guys mean business or not i mean they're trying they keep you know mounting these attacks and it just doesn't work out these buyers here and they're bidding up under here but let's see if they mean business and not getting much right now um trepidity let's see uh sell order or buy order uh that was in your image there that is a limit cell okay it's above above price okay it has not been filled it's in the order book though that's what it is okay is someone saying like i will be a seller here on the offer at this price range if you want to trade with me i am up here at 4214.
okay with high liquidity and likely one player is holding in the majority because there was nothing there before and all of a sudden it popped in and its high liquidity and that's how you can read this yes it's because it's above current price well profit taking would be would be an exit um uh alec oh since you guys are in here just just mention something hey yeah um i think you probably saw the uh in the general chat um uh if you got an email from me but uh or a post from me uh make make sure that it you know it's bruce capital b at bookmap capital b uh and then look at the number two uh the number matters uh the hashtag and the number behind it okay it um i think it's uh what is mine is 39.93 or something like that do i know it i don't even know it hold on a minute and yeah so just make sure because you know people are soliciting and you know hacking uh oh god i sometimes i just don't get a discord anyway uh yeah just please verify that uh that's an important so all right i think i've gotten up caught up with everybody here in discord alan uh yeah let's take a look at let's take a look at your um yeah yeah 39 93 93 that's what it is thank you mick stockster um excellent all right all right guys well let's we'll we'll kind of sign off here on this uh just this s p for the moment but look at this though bouncing off of point of control and now we're starting to find buyers up here at 13. okay so you know this has been really kind of choppy in this little area here uh and but boy when we have all sorts of reasons for looking for actually either direction here um i'm kind of leaning to the uh to the upside back to uh this and i'm pulling for them i'm not really seeing them yet so it's not confirmed but point of control has moved down here to 10 and i just know we just know that this area in here we're looking for some sort of bounce down here on this 15 and on this hour chart uh it this is a tough call and you know to be counter trend here because this is a big red hourly candle and we're just seeing just kind of uh right now it just kind of going back and forth uh on the next hour here so yeah it's it it's kind of a wishful thinking to think that maybe we come back up in into this kind of uh 4229 or 30 area up here this this line that we've been looking at for a long time in here all week we've been looking at this line here uh and it was important uh but uh yeah maybe a pull back into those areas um boy by looking at you know the momentum here in the daily and the hourly uh you know i i'd go with that and and look for the move you know probably back down into 4200 and below maybe down here to 41.80 or so but let's um that would be the most likely on the higher time frame we're watching this here in the order flow and we're seeing this kind of slow down uh move to the to the downside kind of flattening out now it did make a higher high but it also made a higher low or lower low here on some pretty strong volume but that could be the trap it also could be the the kind of the of the reverse head and shoulder potential reverse head and shoulders here this would be the head and this is exactly why these patterns exist right so let's see do we get enough buyers here yeah we are they're pulling here at 14. great buyers sh would be looking for the move higher up
2022-05-05 06:49
