Live Trading Analysis Order Flow in Bookmap
good morning traders and welcome to the bookmap live trading webinar this is bruce at bookmap and uh i'll go through some live analysis here that we do this every monday tuesday and friday at 10 a.m live trading with stocks with jtrader on wednesday at 10 and then scott wilsenia futures trader live trading at 10 a.m on thursday uh j trader go through the and then uh disclosure here's trader live general disclosure all bookmap limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies involve substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results all right can everyone hear me and see my screen we're going to jump right into this s p e mini and see what's going on in here in the order flow you can just give me a heads up there in uh sound check audio check in uh all good okay thank you i'm so bad um all right we're ready to go uh all right so interesting stuff right off the bat um you know we have uh interest rates uh hawkish uh outlooks here from the fed obviously this is having an impact on stocks that's just how it works uh and you can see this move into the figure down here uh 4350. okay right into high liquidity had been in the book here
for quite a while and it transacted okay so buyers down here uh we already have kind of double distribution day here as you can see uh and we'll cover that with market structure in just a minute i want to take a step back though uh we'll read the order flow i guess quickly in here obviously we're bearish here strong move to the downside a pullback beautiful pullback also a beautiful pullback to v whap but it's the market structure in the order flow here it's aligned with the v-wap great now you have a higher probability chance for this continuation to to work out nice little bind here it did make a higher low here but look at the selling coming right back in right so we need to see if sellers can overpower these buyers here and that's what we're looking for right here just above the figure all right so you can see a little bit of buying coming in already but there's some strong selling here so i'm looking for continuation let's see if we get some more sellers here and we should get a quick move down to this kind of 48 level and then 45 and high liquidity you know much further down here around 32 or so is what it looks like now this isn't going to be such an easy move here however this is why i'm going to take a step back and look at the bigger picture all right here we go this is the daily chart over here on the left hand side the hourly in the middle and the 15 minute here on the right so here's a beautiful beautiful trending day yesterday my god my lord look at look at that move uh yesterday uh it makes me kind of sick i was quite quite busy uh here at bookmap yesterday but uh i mean this is just to to die for um uh let's go over here you know this was on the daily chart higher time frame and market structure and what we're looking for in here i haven't played around with these lines in quite a while i've left them and you can see you know some of these areas here where we retest back up into and we were looking for rejection however it was right around in this area here we're looking for a rejection and then a move back down market came back up pretty strong move all the way back up into this area here knock some stock stops out above here um and um uh and then rejection came in yesterday hard okay so uh and and now we're seeing continuation today now this is where it's interesting is some of these swings or yes the swing from a few days ago that's where we're testing right now okay so we're going to have to see if we can on the hourly chart here strong move strong momentum here looking for continuation until we see something different we're going to find some profit taking down here we're going to find some buyers here we're going to kind of bounce around a little bit because this is where we found buyers before look at the wicks okay rejection and rejection so but we're back down here we're going to look for more selling power to try to drop this and you know next area is likely let's move this line down to here you know something like this we're looking at a swing here on the daily as well as a swing high here and so that's around 4323 okay somewhere around there and yeah that would be the primary scenario here looking for this continuation strong selling uh we're bearish uh with the with the fundamentals we're looking for the order flow uh to align with some of these uh concepts here all right so and uh yeah we're gonna get some back and forth in here uh and uh here we go okay so uh that here was that strong selling we just left off on uh and then look at the buying coming back in again all right so it's gonna be back and forth in here for a bit uh and but yeah i'm still looking for the bigger picture and the momentum here and the move lower okay so now we want to look at the market structure in here and we want to kind of understand um you know the order flow within the structure and and put some pieces together this is like part two of our educational course part one talks about basic market mechanics part 2 builds on that foundation and then moves into market market structure using market mechanics and we can look at this on a very very small level uh and then on a on a higher time frame level right now we're going to be looking at a higher time frame level okay so we're back up into this kind of swing here and there's high liquidity up here at uh 4370 and that's kind of where we drop from here now we're going to see a lot of stops triggered above this area here i imagine there's a lot of people are looking for continuation here so it's going to be some back and forth in here and then we'll see in the order flow we're going to match the order flow to align with these different scenarios okay so here's some rejection already looking for a bounce back into v wap here it's only four points away but i'd be looking for it so here's our sellers uh let's see let's see if the sellers can even maybe bring it back down to uh hear 55 where they broke out from no not yet no selling down here okay let's see if we get our selling down here nope not yet all right so they're gonna i'm looking for 70 then okay we're not getting sellers down here that was what we're looking for note how we're not getting it all right so buyers are coming in where they want to go look for uh liquidity here at 43.70 buying pressure coming back in all right so let's see let's suppose we get up to this 4370 uh yeah there's we got a high volume node up here we have other um and i'm going to talk about high volume nodes here in terms of structure again okay so we're going to look at this sideways consolidation that makes up that volume profile okay and then where it broke from and then now this one down here okay and we're kind of in the middle of it right now all right we've got to move back to v web we didn't get up to the 70. still looking for it though there's some buying up here okay here they come again okay more buying at the top edge here let's see if we get a skew in that order book in here they're pulling up here at 65 a bit that's good okay let's see if they show more demand here here they come oh sellers come and slam on it so that's a change in the order flow that kind of disrupts our what we're just looking at okay and you can see now we've got some selling pressure in here yeah that kind of changed the game right there okay now we're down below v wap all right we're gonna go through a couple of different scenarios again here uh where this player came in and disrupted that at 63 okay the scenario is this and this is all within the order flow what if we get buyers back up above 63 okay that means that this is all on the hook okay and then that would uh lead nicely into a measured move basically up into 4370 and that's where the liquidity is now that's the scenario though we have to get buyers up here to upend these sellers where the sellers are taking control right here all right let's take a look here more selling still making slightly lower lower lows or some lower lows on this uh move back down okay but what we're looking at is the bind from here onwards okay and it did make a higher high and a higher low in here so we're watching this okay all the way back down to where these buyers initiated okay be on the lookout for this the secondary scenario here is if we just see sellers come in like this bigger player here that kind of disrupted that whole whole game here uh and let's see if they can do that down here this is there's a trend line here and there's point of control here uh but like again let's put this in order flow uh perspective here we'd be looking to see for the secondary scenario here um would be sellers moving it away quickly from this whole value area here that it's uh you can see the huge profile and the high volume node here all right so net and you know we're talking about this kind of sideways consolidation in here and what we know is it takes tremendous selling to move it away from previous areas of volume okay a lot of stops will be triggered that will help cascade the move as well but it is new selling coming in so we're looking for that scenario as well here and i don't see it yet okay there's we don't we're not engaging the sellers down here quite yet okay so if that's the case let's see if buyers try to trade it back up into into v wap and and again back up into this 70 level here okay so we're looking for sellers uh or if we break our uh this little uh kind of structure here basically we need to see buyers back up above 55 here uh and then that then that looks pretty good for a move back to 60 and then maybe to 70 here okay so two different scenarios and we're outlining what the order flow is going to look like and that'll give us a clues in here significant clues okay selling starting to come in and then we're right back to this 54 area here i see nothing yet all right so sellers sellers are dropping it now it's still not significant selling here so still still being very careful with this one here if this can be a false breakdown of this little area no more sellers come pounding in here all right looks like seller's gonna try to take it 45. and they're on the offer here at 50.
it's not out of the woods yet got an iceberg 138 there careful here uh do you think mark is just playing games since it's friday um no i mean like we're i mean uh you know we have a lot of players in the market still europe is still open for another hour and you know 10 minutes or so so i mean there's still a lot going on in here uh we're just looking for you know a good read in here uh and um uh you know this this was uh the this kind of player changing and really shifting the whole kind of dynamic up here and usually to be honest like you know we see this happen like two or three times uh for that single player uh uh to kind of change change the uh sentiment however the sentiments is is bearish in general so it didn't take much for this player to kind of you know haven't have an impact on the market okay i mean like watch buyers should should i be looking for them to trade right back up to this liquidity here at 51. uh because we got a lot of a lot of sellers on the hook down here and let's see if we can get them up ended by buying up here and then moving this higher back up into maybe even point of control but you know that's it though and we're not looking for much right now we're just reading the order flow in here and and trying not to have a bias now the order flow would tell us what's the reaction to this liquidity that just came in here okay they moved it up okay sellers just took them on okay well do we get more buyers back up here not yet let's see if we do then looking for 51. okay let's see if they move up a little bit more it's kind of dark in here right so we're still we're looking for maybe a skew in the order book and the reaction be to be buyers here okay and we're not trying to be nostradamus here we're just trying to read the order flow in the sentiment here so yeah we found a few more buyers here now let's see a little more demand here and let's see the reaction to it other players are testing it as well i mean they're they're kind of flashing in here in the order book and see what is the kind of sentiment of traders and what better way to do that than uh to show your order sizes in here and see how the market reacts to it okay and what better way to also false advertise okay so no we didn't get our buyers up here sellers are now coming back in but let's keep an eye on this here okay more sellers down here again all right looking for them to follow through down to 43.40
okay and maybe we get down to 37 here or 32 okay so we're not seeing those buyers come in yet in fact our pullback was very shallow here uh we were looking for a full pullback all the way back up to here and that liquidity just just to test it so we're getting kind of insight from the market structure in here okay let's see 4340 liquidity is right here here they go okay so buyers are stepping aside sellers have control here let's see them move it back down to 37 and 32. let's take a step back too and look at our bigger picture here okay so here's our drop below the swing on the daily chart uh and our next level was down here at 23 right okay and pretty strong momentum here on all charts basically so yeah let's see then just go with the continuation here basically uh where's that 23 level let's see if there's high liquidity down there there's some at 25 here not a whole lot most of most of the liquidies up here around 32 okay five almost 600 icebergs well 595 have already transacted is still active here there's probably quite a bit more behind it there it goes 6665. and we've got a buyer down here at 70 63 is already transacted and let's just read the order flow here boy they don't want it they're not interested in this 40 level right now buyers are not interested not yet all right let's see if we get some more sellers bottom edge and then continuation into our 37 level and we got our 35 down here okay watching this little value area here and let's see okay see i was building this edge down here or you can see it in the profile the the amount of trading here in a sideways consolidation okay and this is what's going to move the market here is someone's going to get off balance here one way or the other okay we're going to just read it and look for it okay here come our buyers here there they go into 40. okay not out of the woods yet let's see if they we just get a lot more demand in here and
then stream up i really like to move back to if we zoom out here i like to move back to 45 and then also maybe here at 50. okay so buying pressure now we got to see continuation this is that last gasp in here a lot of times you'll see this this bind and then sellers below here at 38 and then look out below okay but if we get more buying back up here again i'm looking for the move to 45. okay and that's what we're reading in this small time frame in here and let's see if we get follow-through not yet and in fact we're showing more here on the offer not more on the bid okay this is the critical moment right here and let's see it sellers 37 on through into heck maybe 32 here 35 and is liquidity as well and there's 37. okay being very careful here yeah like false false breakout here breakdown very very possible and if we get our buyers back up here again all right so now these guys are on the hook let's see these buyers squeeze them and let's see this move up into so we're looking for this move down below we we we got it initiated okay so now they could be on the hook though now why this cluster here um we covered this many times what do you what do you guys feel uh about this cluster down here of selling okay and and and why they are on the hook here okay and why now i'm looking for buyers in here in the move to 45 okay so they're already showing up okay and we're looking for continuation here in in a squeeze okay 45 is a good level here where it dropped from up here but the liquidity is more up here at 50. okay so we're reading the current order flow in here uh and uh yeah we've got we've gone back and forth on it but the reason the reason being is like when we look for a move away from a value area or a consolidation area where there's a lot of volume okay we look to see like in here okay buying's not bad okay did they continue no selling down here not bad did they continue no okay we got more buyers back up here now okay so this was disposed well for that that move and that continuation up into 45 okay and even that one's not unfolding at the moment okay so yeah let's see if we can get back up here again and then stream to 45 and then 50.
okay starting to unfold careful this is tricky uh careful looking for the buyers here looking for our order book to help us out too and nothing here is dark so not not much insight there this is just a beautiful bottom edge here someone's going to get hurt one way or another here okay all right all right so sellers sellers driving it now um looks like sellers got control here uh and and that's is that strong enough here it's it's still only a few points so still being careful here you know another potential false uh break down here it's it's just not enough we really need the volume is not bad but we've covered this many times where is the volume taking place it's here hey what about all in here well you know we don't really see a lot of selling in there we're looking for strong uh continuation of selling okay moving price we're not getting we're just getting at the ends here now there's our bigger player again he just uh moved the market here i just hit 400 stops basically and now look at look at the move higher here now okay let's let now we're on the squeeze is on here looking for these guys back up here around 41 uh and let's see if they can move it now that's a wicked wicked trap there let's see if we can get a squeeze going up into yeah still still like it our 45 and then r50 and then maybe we we have uh v wap and point of control back up here 52 50 57 or 56. this is a wicked move here this is what we're just talking about see how it's trapped and then this this larger player came in here and really dumped uh and and triggered a lot of stops okay so what we're looking for is now we have something to kind of chew on here okay love to see more buyers up here at 40. love to see this order book light up underneath here and this guy here at 40 and a quarter pull there he's pulling all right do we get do we get someone underneath here more more demand there's a little bit okay do we get our buyers up here not yet okay more demand here let's see the reaction to this demand okay sellers take them on so there's some selling still in here all right so we got a little bit of insight from that you get our buyers here starting to looking good all right a little bit more here the squeeze squeeze looks good here okay i'm looking for them to squeeze higher uh up to 44 and and maybe higher here i'd love to see this order book light up underneath we're getting a little bit underneath here not a whole lot though okay and squeeze it buyers you got it you've got it here still order book is really dark in here it's not going to take much they they can you know i i think if some larger players can flash in here a little bit you'll you'll we'll see more buyers in here and trigger start to trigger some stops here and get this nice move here okay looking for that that adds a lot of value in here it's doing it without much demand in here okay so let's see 44 that's where the liquidity is starting to show up okay backups into this swing high here all right and still looking for you know back up into where it dropped from here and higher liquidity is still basically up here at 50 the figure okay volume looks good here i like it and let's see if we can get our continuation here high volume node for the day is here up around this kind of 53 54 area look at these guys defending the low volume node in here okay so we've got to get a lot of buyers to show up here so you know this is where uh uh you know there was a lot of trading went through it quickly and then that bought building out that bottom edge down here all that volume down here we're looking to see if if the buyers can get back up through this area back up into that previous uh structural area here okay volume profile or also just volume or you know the can the um uh smaller structures in here now see how they're defending it here we also have a combo level here from brett our brent cachuba spot gamma so it might be asking a lot here if they're going to defend it up here and we're not getting we're not finding the buyers move higher here i do like the buying in here it looks pretty good so i'm still still looking for them to try to attack this area here at 44.
yeah yeah uh alec you're being kind of cautious in here not not a whole lot of bigger traders you're seeing yeah yeah and then it can be really kind of um choppy but you can see how the larger player can really move that market here here comes our squeeze guys beautiful beautiful squeeze uh actually uh not seen a whole lot of stops yet okay so that also gives us some insight right okay so looking for 50 uh next target and then back and like we've mentioned before these these uh mean reversion traders are relentless so looking for continuation not just 50 looking for 53 55 here back into this previous structural area here now they've made it through the the low volume node here all right so let's see if we get it kind of a bounce off of it here so right around here pull back here yeah funny just kind of filling that that area in right now come on where are those relentless mean reversion traders no trend will likely go down alec as well i i agree on that i'm just i'm watching really closely in here this dynamic between these buyers and sellers uh and uh trying to get them on the hook because i'm just not convinced with some of these little drops in here like we're mentioning um and it's just this is you have to really pay attention to these areas in here when it drops and they move it away on strong volume that's something different and that's what we're looking for because then we're looking for a new range a new area to be established uh and then the continuation uh and that we're we're watching uh and uh and looking for it here um yeah i i thought this was it here uh but we would still may uh be we just need to see if they can get back up into it and then back up into hearing and get more people on the hook yet again here and we'll see i mean here's where that buyers sprung from right in this little area here you can see them the dots that's where we're testing right now so are they going to support it let's zoom in here i thought they would support it more in here okay we went down to where they initiated the move here okay point of control has now moved down to here okay this is the most traded level that's going to kind of disrupt some things as well okay this is no longer the most traded level up here around 53. okay all right so we're bouncing off of it and we're going to get more sellers here they're going to go for this 32 liquidity here bottom edge got to see the sellers throw up here still still i mean uh yeah i mean they're showing up but they're not able to quite drop it yet okay nip still nibbling away at it okay there they go all right so they're they're going for it so this will this will be a new low then down to 32. just not finding buyers i mean it makes sense i mean that was the overall kind of like you know looking for this 23 level down here and just super super strong uh momentum here okay let me get to some of these questions here do i see icebergs move down from 43.25 i see one down here uh 63 is is that what you see serendipity okay guys we're starting starting to trade into or get into this 32 liquidity level here high liquidity here 800 almost 900 contracts down here big iceberg buying there too so you know what 900 contracts one iceberg buying this bottom edge here this has just been tricky um and yeah i mean when it looks so obvious uh just watch look for these little areas and trappy areas and then you know these kinds of moves unfold and we will get those uh mean reversion traders they will show up at some point here today maybe it's been a little early for them but you know at a certain point like it kicks in let's see what does it typically mean when there's almost no big areas where resting sell orders um so yeah i mean it just means like you know there's just not a whole lot of uh supplier demand in here right and then that's what can lead to volatility like right now you know i mean liquidity is here see see how we can get we can get some insight from this right here 36.
we when we see some sellers take it on so you know we know that there's some selling pressure in here uh this was like a test here okay show high demand right are there sellers yeah they found some so now we're looking to see if we get you know uh one one a move one way or the other here after this event okay so they're showing you know some supply up here what's the reaction what what is what is the market feel about that liquidity okay it's not uh you know it's not like some sort of math problem in here is like oh it did this it did that and then now it's going to you know therefore it's going to go you know a million miles one way or another let me see how the one player can come in here and disrupt it just like this right here okay and that's a stop run too 274 stops just triggered up into point of control so i mean that's very very difficult to see when that might occur here now we did have a little bit of a skew in the order book here and that's helpful it's pretty far away though okay and now we have more demand here and we're above it okay great all right so let's see are they interested in going for this 4340 no now we're down below it here okay are we getting sellers down here if we get sellers at this bottom edge here and this liquidity pulls here yeah i'm looking for 30 33. okay there's our sellers and yeah i i just don't like it i mean like yeah selling looks good it likely is is more likely to to go to 33 here but you know here's we got some demand in here uh and then this move is not very convincing here not very convincing at all uh because uh yeah you know after this move there's a little bit of selling a little bit more selling and but uh it's it's not a whole lot and it didn't move it only moved like three ticks so this is this is why you know we kind of we didn't like it we want to avoid it because they this is where the trap was set and it was like we were showing earlier these little pockets selling down at the bottom edge upended by buyers coming back up and then the squeeze okay back up to 40. right back to point of control so it's been it's been yeah kind of kind of tricky but we we know we know what the scenarios are in the order flow and we're just going through them i'm still really curious about this area up here right here okay and and and if we get buyers back up there so that's around 43. we can take a look at this here okay obviously this is a stop run actually let me take that back it is a stop run 64 up here uh but this is uh a large larger player coming in and sweeping the order book higher buying okay that's disruptive here i look out this is just beautiful just takes all the liquidity takes it takes it takes it takes it and then stops are being triggered in here and then stuffed at the end here 64. uh all the stops after he is finished buying this stops our transact the buy stops now let's look at that relationship of this here so we went a little bit higher so you know where did this buyer come in where is he likely to defend it we'd look here back down it here 36.
okay now let's let's move forward hey we're down there right now okay is he going to defend it i don't i don't see in the order book here not much now he bought with market buy orders and we got sellers below it now here he comes let's see let's see if we get it here okay 36.50 here that's where we put our line no there's selling below it boy the order book is pretty dark in here that's a little bit better now we got sellers below this line here all right so now let's see if we can get a nice push then down into 32. no okay we're back up to our 36 and a half we get our sellers well i don't like it i mean you know there's some down here they're starting to show a little bit in the order book down here in front just not much insight here okay we're back down here and just not convincing not not bad not bad but it's not much of a move okay here here comes a a buyer here starting to move it back up okay now looking for a move back to 36 from that buy side here okay that just at least back to 36 that's it okay but binds really picking up in here uh now are they able to move the market a little bit a little bit it's just being being really careful with this we look for a move and volume not volume and uh no move here okay going for 32 boy it doesn't take 32 on look at that interesting larger player here large lot tracker showing probably about 800 contracts one individual player here in the order book there he goes okay so that that transacted so there's our transaction there all right and let's now let's see what uh what happens after that event this is our big event here okay and here it here it is like it's a false breakdown okay getting some sellers here we're back up in the range here looking for buyers here looking for 36 okay because we're back up in the range here and then looking for maybe our 38 level here okay the the event took place but we're above it now okay re-test to it and let's see if the buyers defend it boy we're just not getting much from the order book in here that just kind of kind of wonky in here okay it's really about we're looking at the aggressors here we're not getting too much out of this order book and let's see okay 95 uh iceberg here transacted up here followed down and there's a stop run 98 into 4330 oh look at he's lowering it down even more getting filled and here comes our friend all right so snaps it away here and back up into let's even get back he's probably going to want to get it back to 36 and a half here all right yeah let's see it let's see it then should be able to do it you got it you got these guys on the hook on the hook looking for buyers here at 33 and let's see let's see the move ultimately looking for 38 basically or 39 up here so there they go all right now it's easy breaking structure you just tested the structure okay looking for more more up here 34 and a half and then continuation it's transacting okay top edge and let's see the push order book is still really dark underneath there we go okay still looking for the push okay that guy's uh where he started buying is is back to his point or back to where he initiated here i want to see it through that him to be in profit and that would be up here you know 39. okay a little see the order book a little skew in the book there's our 36 still looking for more though kind of clue everybody in you know back into the high volume note here yeah everything is market market orders i i agree uh eric i mean it it's it's tricky it's a lot trickier to read in here um it's just kind of um you know dependent on on the aggressor behavior uh which is you know what we've been seeing here and it started off way back here i think where that larger player came in and disrupted the whole whole thing here up here right and that and and you know the market sentiment was was was pretty negative so i mean we got continuation here um and then but then these little trappy areas in here in the back and forth in here and you can see like you know we can even take the order book here why don't we just make it more extreme when there's not a whole lot of uh uh a whole lot of players and you know you get those those days like let's say like uh in the s p we see these days when there is just um it doesn't happen very often but you know you might have your limit up your limit down and the circuit breakers are triggered uh et cetera the um uh you'll just see like a it bash around between kind of areas of high liquidity that start to come in uh where larger players are willing to deal and and and the market just kind of sways back and forth in between those areas in here so if we zoom uh yeah i mean it's 43.25 now they're showing some in here at 29 getting our buyers okay pulling here okay return back to 36 and a half okay and then and then 38 or 39 sorry uh liquidity is up here at 40 okay not at 39 at least not now now so from 30 to 39 basically yeah alex alec you just avoid trading in this i i i do too um you know i give it i give it a few shots uh and if the behavior is it's just uh difficult uh and hard to read and we're not getting insight um then we've we've lost an edge i mean like like this move down here i mean like yeah okay it went down to this high volume node and it's bouncing off of it okay yeah we've got that to lean on but when we you know here you know we get we got high liquidity in here now what's the reaction to it okay we're sellers seem to go after it there they go okay now do they do they pull away and then come right back to 35 here all right you know we can uh maybe um uh since this is um uh more challenging to read on this on these time frames we can we can start to look at some very um fractal time frames smaller time frames in here and start to read the order book maybe that's a better better exercise right now or look at just a different market so here we go here's uh some liquidity coming in reaction has been sellers okay great sellers then go for it here you know you can trade down here 30. and they don't they don't go for it and let's see if they go for it now they should should go for it right here they do not one more now third time's charm let's see 30. and let's let's kind of set up here for a bigger move
now uh it's been making uh well it did make a kind of slightly higher high but like it's making like lower lows here and and lower highs in here uh bodes well for not just to move into 30 but our 25 or our 23 area that we're looking at here and you know it's been back and forth and back and forth now we're looking for a directional move here by the sellers okay strong selling boom right down to 25 and 20 here let's see if they follow through not just sellers coming in and just a little bit here and then and then get up ended we're looking for them to drive it away on strong selling here okay and so far so good uh let's see another another leg lower here and that should help seal that direction here okay let's see it sellers there they go all right so and now continuation we're not looking for in this uh move here we're not looking for these these uh sellers to be on the hook here we're looking for buyer or sellers to drive it away from the area here okay so and we already got to pull back all the way back to 30 where it just dropped from stop run here and here all right so this is kind of what we're looking for here our structure and now we're looking for a new structure and then this was really choppy in here in terms of structure and come on sellers push it let's just double back to our higher time frame for a second here coming down to our line here okay it's been a nice move on the daily at least hourly looks looks pretty good too 15 minute yeah we'd have to zoom in here a bit yeah this this these wicks and these back and for this back and forth in here this chop um this this um as you guys can see this was at the cash open here right nine nine thirty yeah so this is a 9 30 move here uh and um uh you know that concept of like who's in control uh you can see it in some of the candlesticks here as well so these are two pretty big pullbacks but but um the and we see rejection off these candles here but the sellers remain in control okay that concept is visualized in here uh with this seller's in control down into 50 we got some pullbacks uh and then then we've got the broke breakdown again here and then i guess we can we can mark up some structure in here not bad uh here uh at least here and then it got this is where it gets kind of convoluted boy they are on the hook yeah we're looking for that that directional move here and you can see how how they're on the hook it's this is tough and there's this you know the the squeeze again all right let me jump back here and let's take a look at some of the questions here in youtube thiago you're talking about delta yeah markets going uh higher suggested sellers are are closing positions new buyers coming in well that's where we look at the stops uh to try to get some insight from that uh and uh and this kind of dynamic between like uh you know here like icebergs here 408 351 you know it's a lot of iceberg buying in here but but look where they started to buy though here and here and it's likely the same person or the same player i think it's at the same price level so you know he bought in here he added in here that's what it looks like to me boom look at that hey there's gonna there's gonna see we're gonna see some stops here yeah so we're looking for that directional move um it was starting to play out and now how many points did it go 30 like let's just uh yeah at 30 on down to about 27 it's only three points and we look for four or five for that directional move um yeah i i i thought we had it here uh but uh the this is where they got up ended uh you can see it right in here okay we drew up the structure and we were looking for this structure the structure got broken here yeah tough boy that would boy i wish i was i don't know what i was covering at this point here this is not a bad not a bad read in here for this kind of move higher here anyway yeah i mean we got to continue to read the order flow that's our job in here uh and uh and and go through the details okay we made a slightly higher high up here too again this low volume node is holding okay it did not fill in our bigger cluster down below low volume node here just meaning that meaning that this move down below it's accepting down below it was building out a beautiful bottom edge and we're looking for a rejection and then move back up into the high volume node here nope instead we got a new volume profile down here and it's rejecting off of this 44 area here okay we saw them defending it i forget where maybe it was in here now let me get to some of these questions um uh captain price yeah i mean a 10 point move like um i don't know i mean yeah i think it's hard on the s p it depends though depends on the time i mean you know a few months ago with some some volatility boy it was easy uh these little kind of moves down and then and then sharp moves away uh is um has been you know pretty disruptive and we've been really real attentive to it uh just just not like you know getting too much insight in some of these little areas in here from that from the order book and and trying to uh captain price you've been looking at the uh at the vix as well okay yeah that's that's a you know a a much better uh well typically um kind of a lot of times you can get uh when when the order flow is a little more challenging in here um uh you know a lot of times you can get that that insight from different market correlations that can give you that edge let's take a look at nasdaq how's nasdaq doing here that's a lot of buying over here on the nasdaq it didn't it did not break back up above though you can see the profile in the nasdaq very different very different very very choppy in here in the nasdaq look at this what about the russell yeah russell's looking pretty good here uh here's the breakout now we got it we got to see the continuation here but the large bind back up here looking pretty good um we want to see that continuation of the bind there's a little bit of buying up here it's not bad but it's not that convincing though here they come again though now this is where we need to see the continuation and let's see if we get it here in the in the russell they're adding on the book here we're finding buyers okay they should be able to hit 1970 okay because if the reaction to this liquidity is buyers we're looking for this to be the um the target and the order book kind of flipped here came in at 69 and now they're pulling at this 67 here okay so that's kind of tricky now they pulled from 70 and added back down at 69. and now we have a new auction between 69 and 66. volatility's been going up all right captain price you don't like today's action nor do i nor do i um let's see how to differentiate ah yeah okay um uh riz i think you had reached out earlier to me about this identifying um the differentiating between liquidity that is absorbed versus a liquidity that repels okay so we've been going through some examples in here and you know trying to get insight when it trades into a small area of liquidity or large area of liquidity but very short-term liquidity and and and trying to understand so what what we look for um well first off there's a few different things to look for uh one is the longer term high liquidity okay and it basically kind of like marks out the the the price ranges and let's go back to this s p here uh and yeah let's go let's turn our heat map back onto default okay and the high liquidity is down in these areas here okay so you know that that's they want a deal if if uh buyers um the buyers are down here if the sellers want to reach the buyers they're down here okay so you know these areas especially like uh when we don't have a lot of buying on the other side here and we get those trends uh you know we got lower highs lower lows uh and and we see more selling at the lower lows uh and uh you know more consistent selling through those areas here yeah we're looking for it to come down into these areas of high liquidity now once it hits these areas of high liquidity uh you know do what do we see after that and that's where we look for like uh did are they able to trade down below it uh and uh if not um are they able to get you know back up above that area here with some buying pressure okay so typically then that leads to these kind of like um volume that's on the hook here and then you can get re-test back up into these swings up here okay so here here's here's one already but it didn't quite get all the way up there it made a lower high okay here again it traded into here and then it did come up here right so and again like we're looking for the liquidity uh this is on you know or i'm sorry the volume this is on the hook this is kind of on the hook and looking for a retest back up into some of these areas here alright so that kind of partially answers your question but then you know like we've been going through in here what is the reaction to high liquidity so here larger player comment comes in and kind of tests and feels out the market they didn't even transact you know and uh they put in high liquidity here's about uh 138 contracts or or so 140. uh and what was the reaction to it it was kind of muted in here we didn't really we don't really see too much in fact there's a bit more buying in here um we didn't get too much out of this reading or out of this test uh here let's just go through it like you know here he comes in puts his puts his liquidity into the market okay initially some selling okay now we got some buyers here and now it's just kind of sideways here we got a little interest a little bind but up here did we get the buyers did they take them on no yeah and then he then he pulls it looks like he pulls and partially added some down here to get filled and he did okay see how he pulled here and added down here and then got filled so you know if he's gonna put this in here and he doesn't find buyers well maybe he can get filled down here find some buyers and then look for continuation right so i i would imagine that's kind of what the player is doing here uh and then let's see does it work out for him well a little bit okay is it the same player comes back in again maybe let's see how many how many contracts is this yeah 131 in here 132 136 in here flashes again you know there's a relationship between these areas in here see where this was like this is uh demand turns into supply in some of these areas here there's kind of a an and that concept of a flip of the book in here and and then we get the continuation here but even this is a hard read i mean even in in in hindsight like yeah there's some transactions down here but there's some some buyers back up into here sellers do take it down they trade into 30 and through it this was our this is where we're looking for that continuation move uh now this is where they got up ended right in here that tricky tricky day okay well we have our european clothes here coming up and we're back up here kind of i this little or this low volume node in here very curious to see about what what kind of unfolds here this is this is going to hold or not very curious okay we're just back down into high volume node or this this uh most traded level here okay let's see if we get sellers to try to move it away from it there they go okay bottom edge all right let's see them continue though looking for more sellers try to drive it lower 35 can't even get that lack of selling okay well let's look we're going to just look at some of these micro ranges in here here here we're getting sellers let's see we get more sellers here at 38 nope order books actually showing a bit okay now do we get do do we get our traders at 38 here our sellers still no there they go okay 36 and 35 and maybe 33. okay looking for continuation bottom of the range 36 and a half looking for it to transact and we get buyers on the other side or at the bottom edge here right back into 39 right where they dropped it from okay order books starting to show something in here there we go there's a flip of the order book see the flip on the on the bid now on the offer and sellers boom 36 and 35 we should get it looking for it and 34. they traded into 36. we got our sellers down here
now once again right back up interesting all right here we go again all right we're getting our sellers all right sellers should be able to drop it they got it they've got it looking for 35. and they got these guys on the hook now too see now pull away there now we get 35 and i want to see more than that though not just 35. i want to see more than that like it should now this is we just they come right back in the squeeze is squeezes back on even micro structurally is uh challenging here so yeah it's just not a good day not a good day to trade okay here we are back down again push that bottom edge here sellers and and break it okay you got your pullback now we're looking for them to break it now see how it's dark in here and what buyers can fill that in but i'm i'm we're looking for our sellers here to push it 30 35 34 back down to maybe 30 and yeah 31 and 30 here there's an algo here pushing lower nice little kind of uh i don't think he's chasing i think he's he's trying to you know push price lower here that's what it looks like he's he did not i don't see any large transactions from this algo in here i'm sorry maybe maybe they did and it's possible yeah i still don't really no i don't really see it i don't see it so yeah just trying to push price lower so what it looks like appears spoofing type of ignition type of activity okay there's a reaction to some liquidity right there sellers and let's see this they should be able to looking for most likely move while he pulled so anyway in terms of order flow another thing to take a look at here is like if we're going to look at some of these ranges and this is the behavior again and again and again and we're not getting that kind of drive that we're looking for uh then there's some really nice range bound uh you know potential strategies here to look look for and that's on the hook on the hook i you know the these uh different different traders at these areas here within the range so your range bound strategy start to start to mark up your ranges in here and get a fuel form and then look for someone being on the hook like these buyers being on the hook here okay if we get sellers here all right if we get solace here looking for the move right back down to 35. okay and then let's see if they can get through 35 and then get back down to the bottom of the range here and and maybe break a low into the 33 here just from this structure all right so uh and you know we we played around with this uh idea um a while back uh on a very choppy day okay but we're looking for it right back down into these levels here okay i was looking for i started off the day and and uh looking for a directional move down to 23. that was the big move we had nice volume and then we saw a lot of disruptions within it uh and started to kind of change that idea uh and then you know now uh getting a feel for uh these little pockets and these kind of like smaller ranges in here and uh you know looking for some of these moves around these ranges here okay and an order flow kind of on the hook or top of the range and then sellers come in on the other side and bring it back down okay so always looking at then the top of these ranges in here and looking for potential pitfalls here in traps see like this buying in here now they're buying at the bottom edge here and they're they're able to move it they're able to move it higher now but this you know if we get sellers below these guys here look out now now we can get their directional move we're talking about they're but they're buying off of here and they're able to move it higher and they started auction out up here and able to move it back up okay well where are they going to be upended okay well this is not a bad area here so there are sellers now bring it back down here now let's get all of these buyers upended and let's see a move down to 31 here let's see it sellers okay it's not a big directional move but that's what would be you know looking for the these guys to to puke out and here's going to pull that liquidity at 34. great let's see let's see the puke out let's see the stop run down to 31.
can't do it now all right so back up to the top of the range again here this is these sellers that are on a bit on the hook here this has been a really tricky day okay we'd love to see it go below here let's see it if we can if we don't and we get our buyers up here back to 39 but here they go all right so sellers here let's see them move it back down the bottom of the range here 34 and then let's see the move now 31. it's got to be 31. not looking for buyers to help help out here looking for the continuation to 31. all right even better all right sellers let's see it then right down here at 33 to 31. they gotta sell here though not we don't want to see selling up here we want to see selling here okay a little bit of order book sku there reaction is sellers let's see these guys get out of the way here at 32 and three quarters and sellers drop it into 31 and maybe 30 here there they go okay 30 is transacting there they go even through 30. all right let's zoom out here is this going to be the bigger move
down to the low of the day here and then 25 look it looks pretty good the volume is picking up here let's see if we can get our continuation down to 25 20 maybe uh 15 or 13 down here let's just jump back and look at our higher time frame for a second okay we're just getting around that edge here as we inch down all right yeah i like it i mean it it's european close is just finishing up here so markets can you know basically move now uh and um i think uh we'll we'll kind of uh let's wrap it up here we'll end here and uh i want to um uh i'll answer a few questions for you guys here uh before we go but then uh i jump over to the uh traders lab with tom b okay so he is um uh we we you know he'll be trading the uh this afternoon uh and um uh he's in there for like four hours four and a half hours so you know there's going to be a lot of stuff to look at here and go through and let's see if we can get our continuation here so typically uh during the morning session you get these opening drives like this and then you kind of get a reversion trade and then continuation in the afternoon is um uh you know a likely scenario not always uh but uh uh you know it makes sense there's a lot of activity uh u.s open and europe trading together and then looking for you know the continued move later in the session now there's a couple different scenarios we're going to look at here number one is we're looking for continuation lower all right number two uh is uh and and on fridays we have to be really careful about this but look for it look for it okay here's what what the scenario number two okay is the move down below some of these areas here our line or our levels here and why we have these levels uh and then the rejection and then a move back up probably right back up into maybe uh 43 80 or so somewhere around in here okay or maybe even higher right this gets everybody on the hook everyone from yesterday the sentiment is is really bearish today we get down to these levels and then you get this kind of reversion trade back up into these levels here okay so be on the lookout for that scenario here and it will be pretty it should be pretty pretty obvious it should be pretty plain here uh you'll just see massive green dots moving it away okay after and it's been really choppy in here so you know that's the second uh scenario to look for and then you know everyone gets kind of uh you can get all these margin calls and liquidations and end of the week uh and get everyone kind of on the hook uh that happens a lot on fridays so we want to be on the lookout for that scenario and yeah see if this uh maybe unfolds here all right so keep keep an eye out for it uh let me answer a few more questions here yeah captain price hard to tell if there's real buyers in here or exactly i i i've been struggling too uh but uh we're looking for them or real buyers or real sellers here uh and then these larger players come out kind of come in and disrupt uh the moves or the the um uh the outlook and the order flow red dots are the um stops okay these uh blue areas are the icebergs and it's also in the sub chart here number in the lower left uh not sure which this one here matt well this is uh just kind of uh we have our volume bars down here and this is just showing us the uh volume bars kind of a reference point so this is 2500 contracts and so this big green uh bar here uh is is you know probably around you know 2000 or so uh you can look into the details in the dots up here okay so that answers that question and peter trying to understand the volume profile underneath the chart with negative numbers uh not sure i understand um what what you mean there the negative numbers well i mean it's always positive no matter if it's buying or selling in here uh there is on days like today also could be really helpful let's let's open up a new column here i just want to show you this uh feature in here looking at delta so looking at the same volume profile columns here there's just two different ways of visualizing it one is showing by plus cell here the sellers are red the buyers and this is you know these this is the aggressor uh and and it's a composite though of buying and selling this one here is by minus cell same columns ju
2022-04-30 06:44
