Volatility with Trend and Counter Trend Setups

Channel: Bookmap

uh this is bruce and welcome to the and uh what. we do here uh is go through live market analysis

it's all based on our educational course all. of this is free is what we offer here and we're

going to go through live order flow watch the. course please access that it's on youtube but

you'll see it in there uh and and then that'll. set a really nice foundation uh and then we're

gonna go over that same content in the live. market that's the the whole goal here uh so

that you can apply what you've learned from that. educational course then we have live trading we do

that monday tuesday and friday at 10 a.m and then. we have live trading from j trader a stocks trader

uh at one on wednesday at 10 and then uh scott. pilsenia futures trader at thurs thursday at 10

so you can also see other traders how they. read order flow so this really completes

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general disclosure all bookmap limited materials. information and presentations are for educational

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risk disclosure trading futures. equities and digital currencies

involve substantial risk of loss and is not. suitable for all investors past performance

is not necessarily indicative of future. results so it's important to understand that

this is all for educational purposes only and not. financial uh recommendations whatsoever is so that

our our goal here is to go through order. flow and apply uh what you've learned

from the order flow all right so let's take a look. at this s p e mini that's typically where we start

uh and everyone wants to look at that so we cover. that let me know if you want to look at crypto or

or any other stocks or anything like this but. most people want this so that's what we cover

all right uh and let's dive in here uh. well i guess maybe there's a few um uh

housekeeping uh items here just so you guys know. on our youtube channel all last week we had our

crypto webinar series uh so you can watch the. recordings in here uh all on crypto okay so uh

if you're a crypto trader that might be of. interest uh we have that new liquidation indicator

that i think you'll like as well all right so. let's take a look at these markets and uh we

have uh well we have a lot of interesting things. going on right now uh and we also have a a really

jam-packed week with fomc and and retail sales. and all sorts of economic data coming out as well

uh and we can take a look at the bigger. picture uh current market i'm looking for

this move right up to this 3810 here looking. for a little bit of a short squeeze here

to hit this liquidity up here seeing some buyers. come in i want to see them try to push it higher

and try to get a short squeeze going here so. we went down and traded back down into these

lower levels here just below you can see the. swing here at 37.95 and see if we can get some

people on the hook down here you can already see. the stop runs to the upside so looking to see if

we can squeeze a little bit higher here because. we're likely going to hit a lot of stops up here

at 38.10 or maybe even higher and because. everyone reads the news sees the market just

you know hell in a basket basically uh and they. will be shorting it uh and uh we can see if we

can get them squeezed here where anyone that is. short will be uh their position will now be long

basically and they'll have to uh to cover they'll. be compelled to cover all right so we're getting a

bit of a pullback here right now let's see if we. get our buyers right around this cluster in here

i do not see much supply in here or demand in. here the demand is down down further at the moment

good morning bert good morning everybody. and let's hold on a minute here

time and sales you want to take. a look at the time and sales sure

we can also filter for the time and. sales uh hold on a minute where is it

time is sales there we go okay

all right

uh yeah it's up to you how you want to filter it. as well if you want to look at like you know 10

that's going to slow some things down

or 3 2 3 something like that

all right so let's see here still. banging around up here as you guys

can see we did get a little bounce off of. this little cluster and it's the figure here

at 3 800. i'm still looking for another bounce. here see if we can get our buyers in here

they are starting to bid up see. them bidding up underneath here

now that's kind of far away uh but uh that's you. know showing some interest at a higher level here

uh let's see how the market reacts to it uh let's. see if we can get some uh some buyers in here

we got to get above this swing up here um you know. this recent high around this 06 and a half or so

and then see if we can get our buyers. in here to try to squeeze it higher

let's take a look at the bigger picture as. well lots of icebergs just coming in right

now it's not actually it's not that many and the. bigger picture here but nice nice stop run here

in this area so uh let's see if we can get some. more though i'm still looking for some more here

all right let's take a look at this bigger. picture here uh and uh it's not pretty uh we

can see you know last week uh thursday friday the. down days here here uh you can see the uh the open

the gap lower and the continuation down below. the swings here on the daily chart basically you

you can see the the hour chart here in the gap. from the cash session so some huge gaps in here

for these cash sessions and you know opening down. here below the swing immediately so yeah you know

these huge down days like this and we also. mentioned uh there was a tweet that we uh we

put out that you might be interested in i'm really. curious to see what's kind of going to unfold here

and this is why take a look at the um the tweet. in here uh and uh what we saw on friday uh just

you know massive liquidity in here a lot of. iceberg a lot of iceberg uh transactions as well

uh so it's just something to note uh and uh. that's it for now i will put the story together

uh later uh but uh this is the way to that we. we've seen it you know several times in the past

we start to note where people are getting filled. their positions larger players typically can

continue to be on the bid here and have price go. against them as they average into their positions

so we're you know looking for that. potential scenario here as well so here

here we go we're getting uh you know that move. right back down to 95 right now uh and um uh

the selling pressure continue here yep all. right so we're going to go lower here see if we

can get back into 90s we should see some nice uh. stops and icebergs as you can see we already are

hit a blow into these new lows here but i'm. still looking for that same possible scenario

here okay of the squeeze higher here we're just. not ready yet and we're going to look at again at

the same scenarios here are they getting filled. on the bid yes they are how much liquidity is

getting filled on the bid in these areas here as. price goes against uh the buyers or these these

bids in here and then looking for some exhaustion. maybe in some some buying to come in come in here

and here's some a little bit of buying okay. already and and look at the sellers down here

very few all right let's see if we can get buyers. and move it right back up here to 92 and a half

not yet

that doesn't look like it

now we're getting our sellers here

so we're just open to these scenarios here all. right now we can take a look at market structure

in here you can see that market structure wise. we're not even getting back above this little

cluster here at uh 37.90 okay so we're. still getting selling pressure in here

we got to see some of these swings broken the. market structure first needs to be tested and

then broken for some of these moves to unfold now. that works on all time frames uh as well okay so

we're looking for that all right so i'm getting. a few buyers here right now this is where we

need to see the buyers back up above though okay. basically above this kind of 89 or 90 area here

all right let's see if we can get them here

okay so this is what i'm talking. about in terms of market structure

and this is the first thing that needs to be. tested and broken now the way to we look at

the order flow within the structure uh is to uh. to understand the volume pressures in here as

well as the auction where how's the bid how's the. offer look at this trader here following down and

we usually are typically look at something like. this this is the behavior of an ignition algo

and i don't know if it is though in this case. because it looks like they may have gotten filled

in here that's the big distinction if you see. this kind of behavior here and they don't get

filled and they pull their liquidity then it is. likely an ignition algo trying to basically skew

the order book show lots of supply here and push. price lower uh maybe potentially into their uh

bids and then they they cancel their offers here. and let price float back up okay or it could be

someone that's just chasing here and they're just. trying to get out at any price they can basically

all right so uh and yeah let's just zoom into that. one and let's see who this might have been which

one this might have been yeah i'm not seeing. them getting filled here at all so i would say

that that's probably probably their game is to. try to get price into these lower levels here

okay so structurally nothing has changed yet

okay we're still in the downtrend and. and therefore we stick to the downtrend

uh until we see something different and we're. just open to these other scenarios in here

yep so yep looking for more sellers here still

see if we get into 84 maybe. even 80 down below here

and let's see it sellers let's see it

there we go there's 84. i want to see them i. want to see the quick move now all these buyers

on the hook in here i want to see them them get. stopped out i want to see the stop run here to

the downside we do note that they you know some of. these traders are getting filled on the bid and we

do see buying uh in terms of icebergs in here. as well okay so we're just still just open to

that we're just watching and we'll look for that. scenario we need to see the order flow and the

structure here change first and that change we'll. start on this on a very small time frame like this

okay what if we get buyers back up above 84. then i'm looking for here 87 87 and a half

okay maybe this smaller swing 86.

uh good morning david um auto recenter um. okay so uh yeah this is how i'm i'm doing

you know you probably you probably um dragged the. chart back like this and you need to uh click on

exit drag mode here okay and then under. here i have it on recenter auto recenter

best bid and offer or could be. on on your last on last trades

okay so i typically keep keep it on. the default of auto best bid and offer

thank you uh for the compliment in there that's. very nice um well yeah we're we're kind of you

know look these markets i mean like uh this is. something that uh uh you know when you develop

a trading plan uh which we all need to have. a trading plan uh and we have to have an edge

now we want the order flow to go along. order flow is an edge as well so but it

comes through study and understanding of. these three elements on this chart here

we're looking at market structure okay so. again we're looking at another market structure

here right now and we're going to see if we're. going to break it and then re-test back up here

and maybe we can get even more buyers back up. here same same concept as this one previously

this one didn't pan out right so we're. still waiting and kind of watching here

uh but and and the key here though is that if. you don't see this you you still you still stay

with your your trend your direction until you see. something different there's no reason to get out

okay so look at this is getting interesting. one player has about 740 or so contracts very

aggressively here at 37.80 and let's see see. how they're they're having an influence on price

now i'm interested to see if we can get buyers

back up and to maybe test this guy and they're. not having it at all in fact this guy just pulled

so we're still going lower here

good morning joe what are the settings. i use for stops and icebergs okay

uh here we go let's uh jump back up here. uh and go through stops and icebergs

uh here's my sub chart settings okay i just have. it on summation or sum okay it's just cumulative

volume delta over time and you can see they're. not aligned at the axes are not aligned in here so

uh i like it that way because like i don't. necessarily need to make the measurement here

i need i want to see the um reference between. stops and icebergs so uh therefore the axes are

different here as you can see you know zero to. five hundred here but that that's basically uh

you know six to 900 here on stop so it's. you know stops is showing less basically

by market structure again i'm. talking about consolidation or trend

i mean uh it is a structure uh that uh we. can kind of see that price is following

yeah it it could be like a in this in. this structure here it's like a diagonal

consolidation basically and you. know we're still in it right here

okay see how it's breaking now see look at. the buyers come in okay great now let's see

them move it back up to here let's see if they. can move it back up to this uh 80 level here

okay maybe even higher okay there so this is the. this is the structure they're breaking right now

77. and they hear the buyers above it okay let's. see if they can do more looking for more buyers in

here looking for the bid to show more here more. demand at a higher level and i want to see it

trade up into some of these swings volume clusters. uh as well as liquidity up at these levels here

right so we are getting more buyers up. here still looking for it to trade higher

okay so at this point here we're. seeing something different right so it

depends on where you would want to exit maybe your. position depends on your time frame uh you know

are you scalping are you just you know holding for. you know minutes uh several minutes several hours

uh or you know days uh so it's. it's it's really kind of uh

how you wanna manage it here uh on a smaller time. frame i would get out and i would probably reverse

and get back in with a get out of my short and. then look for along here and look for the squeeze

you know something something like that. it's breaking the structure and the volume

is looking good and also the order book is it. could look better but it's not bad it's not bad

right so we're looking now for. uh other targets to be reached

uh something on the time and sales here. if you want to pop that out you can

and it comes into a different window and then if. you close it here it'll pop back into the column

okay so i just want to show you that that

functionality okay so this is see where we are. where we are right now well we we broke structure

okay and uh now we need to see if we're looking. still for more buyers we're looking for support

here uh and uh we're looking for demand here uh. and we're really not seeing see the condition of

the auction in here where's the demand in this. area here it's it's kind of down lower here you

know i want to see it in here and it's starting. to bid up a little bit in here okay but it's not

much right typically you'll see you know on on. a reversal typically on the first uh kind of

pullback you'll see a lot of demand in here at a. higher level not always but sometimes you just get

a lot of aggressive buyers in here uh and then you. know there's not it never even retraces like this

okay so uh anyway this was a very very short-lived. counter trend trade here as you guys can see

again it depends on your time frame

so you know for example uh you know if. you were oh god i mean the way i would

have managed it probably is uh if i even. if i was in you know some of the uh moves

way up here at you know around 10. o'clock on the way back down uh

i would have exited down here yeah this. this i'm not going to have it run against me

and a potential squeeze to the upside here and and. just get kind of stubborn with my short position

okay now let's take a look here again the same. scenario here look at all the selling that

just came in all right so are we going to get. continuations pretty good selling so if we get

more sellers here i'm looking for it to break and. then looking for the move lower into 70 or 69 here

all right the and this is this would be the. pivot here we can also look at structure

okay again uh but then see see. where they they broke it down here

okay all of these sellers if we can get back. up above they would be on the hook here and

then we'd be looking to see if we get our short. squeeze above 6 76 up here 76 and a half or so

charts are getting kind of messy. guys i'm going to clean them up

okay

uh yeah something different would be breaking that. structure and then also look at the order flow in

that structure okay the transactions as well as. the uh the offer and the bid so this is something

different right here right it broke this little. structure okay and tested right up to here now

let's see if we get more buyers back up here at 75. basically if we do we should get a move to 77 and

then we can get back up maybe even to 80 up here. okay the key level to get above those is 76 here

as you can see okay some liquidity coming. in there 77 76 somewhere around there

okay so did we get sellers here nope okay. we didn't get buyers here either though

okay we sh that we're retesting back. up here we need to see buyers up here

okay let's see if they can. re retest back up here to 75.

there they are all right buyers. let's see if we can now push it

get the squeeze and let's see if we can get. back up and we'd be looking for a stop run now

all right i yeah i don't i don't really like. it uh i want to see the buyers up here not

here right not a lower high here i want to see a

like an equal high with good volume. on it on the buy side or a higher high

you know that that gives us insight

okay so let's see if we get. our buyers up here at 74.

and discord guys i'm sorry i

take a look now okay so no no comments over in. discord all right let me jump back to youtube

uh targets for today well uh. boy like a higher time frame um

i mean look at you know all time frames here 15. minute on on the on the right hand side the hour

here uh in the middle and then the daily on on the. right hand side i mean the momentum is clearly uh

you know to the downside here uh we're asking for. a lot to you know see that counter trend uh trade

but what i do like about the. counter trend trade here is here

is the swing over here on the. daily chart and that's around um

3807 or so somewhere around there uh. and we have these huge down days here

okay so you know looking for a lot of covering. here looking for buyers to maybe come back in

and try to trade it back into the range and see if. we can get back up into some of these areas here

uh one of the first areas would be on the. lease on the daily chart would be right here

and that would be uh back up to the open here. at 38 80 or so or 75 somewhere around there

i mean there's a lot of blank space in here

so we can really whip through that those. areas here so on the 15 minute chart let's

just look at the day here we don't have a lot. of data in here we don't have much at all um

yeah we have to go down to maybe a five-minute

boy i mean any retracements the first. one would probably be about here

uh which is 37.80 and then the second. one would be up here around 92.

okay this looks pretty good. this is better this is you know

something different notice the cluster of buying. up here okay and the uh it did make a higher

higher high yeah now let's see if we. get a bit more here and we should get

the break higher looking for our move to. here 76 and then on up to our 80 level 81.

the buying looks good in here like that uh i'm. just looking for uh the order book here to help us

out a bit a little more demand at a higher level. here we haven't really seen too much of that yet

all right here we go let's see it buyers. looking for the squeeze up into 78

liquidity maybe maybe 80. let's see. it let's see if they can do it here

yeah don't don't like don't like seeing. we're looking we're looking for our buyers

here we didn't get them we're look see. the buyers here that's not what we want

these guys are like are buying as it's going. down basically right they can get squeezed

very very easily uh to the downside when you see. this kind of behavior here this is almost uh i

mean we haven't covered this as a setup but it. it it's a good one it's something that i think

worthy of some study in here is we see the bind we. see the buying lack of buying and then we get the

buying down here that's not what we want they. see how the sellers come in here and they'll

start squeezing them uh to to the on the long side. right we need to see buyers up here for them for

buyers to move it for away from this area here see. sellers are moving it away from this area instead

here we go one more shot buyers let's see it. and now they've got to move it back up to here

back to 75 basically at this. point if that's going to unfold

now

down to 70. let's zoom out here. let's get our bigger picture

oh by the way so rolled over. to the the u contract uh

yes you guys probably are all. on the i noticed that already

nice area of liquidity just filled. here at 70. so that's good to see

uh tope we're looking at the s p e mini

okay all right buyers back up to 75. and then let's see if we get our break

back up into 80 here uh you know more on more. on the hook here but this is really you know

we're seeing the buying coming in we're just. not getting any follow through whatsoever

but and this is where we got it we. got the retest back up here to 75

we we got it we this is really where. they need to step in and need to break it

demand is coming up a little bit on the bid. that's good let's see it they got to show up here

looking for it all right looking for the squeeze. here let's see if we can get back up into 80.

80 is a good level just to begin. with here the bind looks good okay

we're just testing the 75 area and we're seeing. buying and there was buying here previously

so now we're looking for the push up in the 80.

okay does does this make sense uh this. was you know we're going through the

scenario in here and looking for it a. few different times it didn't pan out

this one's looking much better we're just. looking for a move to 80 though right now

okay and this might turn into a. higher time frame move as well

uh let's let's just zoom out a bit more

yeah i mean you know this could. move all the way back up to 90.

okay maybe even back to. the the figure here at 3800

it's a high volume note up here as well. i believe it's the point of control yeah

one one thing to note about. these these types of days in here

when we get volatility the volatility works. both ways like uh you know you we get these

uh really really big moves down but the uh the. retracements can be pretty pretty volatile as well

right and there's a lot of empty space in here. like uh uh volume wise like you can you know

basically there's more volume up. in this kind of cluster up here

so maybe we get a retracement back up into our 90. level that we're just looking at and talking about

uh and maybe even a little bit higher. here you know 3800 all right so now

now you can even see the break here on in. the structure on the five minute as well

okay so we're just testing up to 80.

now in terms of trade management on. something like this this would be up to you

you know it's a counter trend trade uh and maybe. it chops back and forth in here for a while

uh but uh i would personally i would be. scaling out of here one position at 80.

and that's again this is not a a trade. calling room it's just considerations

okay it's not financial advice it's not a. recommendation it's just a way of looking

at it here and for your consideration. okay for many different ways of trading

right so now you've got a runner uh and you. can hold it for maybe the bigger move here

alec yeah yeah alec i saw your interview. very nice uh so uh everybody uh alec uh

uh uh had an interview in the uh in our. blog if you wanna go and check that out

yeah alex leading

quite the uh the lifestyle a little envious. uh surfing uh in bali and uh trading at night

um so and this is why i i like to take. my profits like i said you know uh

as you guys know like uh or maybe you study. why cough or you know volume profile it doesn't

matter um the uh starting to look at the the. market behavior in some of these levels in here

you get you get a move you get. distribution and then you get a move

right so um that's kind of the y. cough uh way of looking at things but

that's why you know these counter trend. trades like you you may consider taking

your profits in some of those areas at. least partial and try to hold for runner

one of the things that we've noticed in the order. flow we mentioned that we've mentioned it several

times in the past on the way down if you see. nothing but high liquidity being filled uh then

uh you know that that distribution is happening on. the move down so it doesn't have to do this back

and forth and a head and shoulders or anything. you know uh you know range bound or consolidation

in these areas all it has to do is basically uh. kind of like you know gets get one more move to

the downside here and you get a v bottom move. uh and you see the the buyers come pouring in

as well as uh all anyone that's short is going. to be covering and becoming buyers on the way up

okay so some some considerations in understanding. the order flow in in the details here

you know for example if we take. a look at that that tweet here uh

okay so what what price level is this this. is uh this is 3 900 okay we're 100 more

than 100 points lower right now okay but. this is where a lot of people got filled

okay so if that's the case well let's take a look. at our bigger picture okay and start to maybe

understand the order flow here and and uh this. maybe answers a question uh uh that uh jenny yeah

that's the the bali guy uh uh the um uh 13 where's. 3900 well that's that's where it gap from up here

okay so you know start to look at start to look. at these areas here not in terms of like you know

uh price action but in terms of orders. right that's so this is what order flow

is all about we're understanding the orders. in these areas in here and you might want

to you might want to consider marking them. up uh what happened in these areas in here

okay well a lot of traders got filled on the bid. there was a lot of iceberg orders now are they

covering maybe uh i'm sure they are there's a lot. of covering are they positioning themselves maybe

all i know is that if we see buyers. a lot of buyers starting to come in

we'd be looking for a move back up into. that area here and that's what you know

a likely scenario to unfold because. there's a lot of transactions up there

right so that's kind of a. bigger picture look at things

nice corwin you took a nice trade off that. 3 900 you held over the weekend really

i'm asking if you held up you didn't. say you held over the weekend but uh

if you did boy you're sitting. pretty nicely okay you didn't

now that's so that's a gutsy uh gutsy move

oh it was a two second trade okay

okay so anyway we covered this like you know uh. uh partial profit here at 37.80 it's a counter

trend trade we understand that we're looking. for the move though and uh you would have been

likely you would have been stopped out on your. other other position at breakeven at this point

and that's fine you got a little. bit of profit you gave this a shot

okay look for the next setup

and again you know look one thing in here we do. not want to do uh is we're not a trading room or

one we're not one trading strategy or one trading. style that would really be bad people trade so

many different ways so uh you know we're here to. cover as many ways as possible but integrate order

flow within it that's why we have scott pulsini. on thursday the way that he trades that's why we

have jay trader that's we have why we have tom. uh tom will be uh he's a volume profile trader

he'll be in the afternoon okay so uh east coast. time uh so you can see how these individuals

trade or look at the market okay their analysis. their trade management their considerations here

i mean look at look at this move here like and we. see some demand here right now we don't know uh

if we if we'd see a structure break in here. though okay buyers back up above 64 here

well here's your volume profile up. here how about a return just to here

70 all right that's a counter trend trade here but. you're looking for a confluence of events in here

to help you out with that so here's our. break of it now do we get continuation

looking for buyers back up to yeah 67 i'd. love to see this move to 70 right here

okay let's see it let's see these buyers. here there's exhaustion on the sell side

in this small little move looking for. our buyers looking for 67 and then 70.

okay off the high volume node down. here let's see a little bit of a bounce

we're looking for buyers to bounce here if. we're if we're looking for that move up into

67 and 70 here okay all right so here they come so. they're bouncing off of this high volume node here

okay now i'd love to see this. is what we're looking for

more demand here and the reaction. to be buyers with more demand

and see how it's really fickle. in here it's not giving us much

so yeah that this trade idea is not working out. right it was the order flow in here we're looking

for more demand here and we just didn't get it. right so you know bail on the on the trade idea

we want as much in our favor as possible in here

in the order flow to support our the. the uh the concept the trade idea

okay showing more liquidity now. at the figure down here 37.50

uh the stops and icebergs um. uh malik i'm looking at here um

yeah i i need to i'll need to add them i have the. sub chart here i took them off on the on chart

i'll throw them on here and i have some. kind of you know the way that i i have

them displaying here is a little bit unique. i'll show you the way that i have them here

okay so i've got the automatic threshold here. okay and i have multiplier on pretty high

so let's see here let's do this again

that's a little high a little too high. here um all right so i'll move this

down to two the multiplier so this is based on. standard deviations here within an hour period

the show the standard deviation if the multiplier. is on 0 here well then there is it's just standard

deviation right uh if i move it up it's just an. average uh if i move it up here it's going to be

a multiplier of that standard deviation and it's. going to be two times that and then you can see

it in here what it's showing in the gray area. in here because the input is now based on on

the slider uh it'll change so if i move it way. up here you see it's 300 don't show anything

unless it's 321 icebergs or more if if the. you know deviation here the multiplier is five

if i move it down to two then. it's 146 here okay so uh and then

i like this quite a bit um uh the way that uh. show the transparencies here uh at fifty percent

uh if it doesn't meet my threshold still show. it but with it with the um a transparency of 50

so i'm still seeing all all the icebergs in here. here's 56 down here here's like you know six that

were cancelled et cetera but i can't see it very. well uh and that kind of frees me up a little bit

here to look for the most important ones but i can. also see the smaller ones in here okay all right

back up to 61.

and stops the same thing here let. me go through the stop settings

and putting it putting a multiplier kind of high

so let me know if you have any questions on that

uh not looking for much out of. this move here i mean like uh

you know still looking for a sell side here. basically we see the buyers come in but the

structure is not being broken and you see how. again these guys kind of on the hook in here

um uh so they can be stopped out pretty nicely. here okay so uh anyone buying in here thinking

they kind of caught the bottom here but. they're kind of already on their back foot

and we covered that a little. bit earlier so now now we're

looking for the sellers to really try. to press it here into 54 and maybe 50.

okay the second scenario is that we get we do get

buyers but we need to see them. back up here around 61 or so

that would be the scenario

a bigger picture here i still like this. uh idea of a retracement back up into uh

this really kind of low volume area in here cut. through that and it just continued to the downside

so you know a retracement. back up into this area here

whenever we start to see buyers come back in

well jenny i mean if if you're taking any counter. trend trades on this you have to be very very

careful uh i mean it's in a free fall right now. that's why i mean we we're going through the

scenarios in here uh but uh you know as mentioned. when we when we started we go with the bigger the

bigger trend until we see something something. different and i was trying to define what that

different thing looks like okay we saw it a few. times uh and this this one most notably uh here

okay and that move into 80. and. then and then the lack of uh

follow-through on that

yeah so you see how now we're getting our buyers. here at 61. okay so get back up to 65 here

66 right now we can trade back we can come. back to that original idea to start to

trade back into this uh 67 to 70 area. here right see the buying coming in

okay now if we get a pullback we'd be looking. for the pullback uh to just about here at 60.

kind of where it broke out from. here or this cluster as well

and then we'd be looking for. the order flow around that area

right here

okay jenny yeah i'm glad to hear that uh. you grabbed that move to 80. um i mean just

again it's not a trade recommendation. or a trading room in here uh just uh

the um these are just like trade ideas or. considerations uh but by reading the order flow

yeah and when something looks good. you know you you have an edge i mean

uh look at your levels your higher time frame. stick with your plan whatever your plan might be

your plan could be you know candlesticks

okay you're just training on sim and practicing. okay we'll see see how like that look for that

and that's that's great so go now that's. maybe gives you an idea for something to

go study uh and then see if you can gain an edge. through that right that's the the whole key now

when you know you think about the confidence. that's going to have when you can gain an edge

right you've studied that setup you've you. know what you're looking for precisely what

you're looking for and when it unfolds you. know you just automatically take the trade

uh because you know you have an edge. this is exactly what j trader does

uh scott and uh um and and tom i mean they're. they're that's exactly what they're looking for

and in essence you've kind of. embraced the unknown as well

you know that well it can do anything but i'm. looking for this specific thing and i know that

i will get stopped out i will have losses. on some of those but in general it works

uh let's see there's a question here about apis um

we're going to come up with more apis we have. we come up with um add-ons frequently uh corwin

the latest one that we had was the liquidation. indicator which i i think is just amazing

and that's you know we had. the uh crypto webinar series

all last week to kind of showcase that as well

i i like it even better than stops and icebergs. personally i mean stops in icebergs is amazing

but like to know that the exchange is actually. liquidating people's positions that's amazing

look at this on the way down here look how the. market just squeezes and liquidates people on

the downside here oh my god this is it's just. is that like 300 coins hold on a minute here

yeah yeah these liquidations are massive now. look look at this whole area of liquidation here

okay so it's the same idea of this whole area in. here talk about market structure on bitcoin here

uh and what if you get back up above here okay it. did for a little bit and then it's it's back in

the range here so you know you can go through some. of these scenarios in here starting to understand

this deep the detail of the orders in here or. positions of other traders in this case right so

yeah all right so did we find more liquidations. on the downside here now this is bitfinex right

so what about binance futures. let's take a look at that

and again just massive just massive. liquidity down uh liquidations

boy this is scary

anyway uh yeah understanding precisely where. people are and you can see almost all of these

take place at the extremes so in in in the. futures we're looking at stops in these areas

uh and in this case here it's not. it's even more precise than stops

so in these in these areas. here people are actually

having their positions closed by the exchange. because they're defaulting on their margin

oh let's see i turned my head. away and here's our move god

look at the buyers in here guys still looking. looking for the put the press up into 70 we talked

about it okay we look for the move into into. 67 and then 70 here okay it's already done 67.

uh it bugs me i got we yeah turn turn my turn our. head away for a second here uh nonetheless this is

this is it this is what it looks like and looking. for again buyers here and looking for a squeeze

we haven't really seen too many sellers or you. know any people buying here like our short squeeze

so i'm looking for it i want to see these stops. you know hit as we get the move up into 70 here

now this is just a beautiful little area. to come back and trade back into 70.

i mean it's a low volume node there's i mean. it didn't auction quite right in here or single

prints or you know all all of that kind of stuff. for you volume profile guys uh and then for the

and can't make it interesting

okay well it made it to the swing at. 67 that's that was our first stop here

still looking for it though

and we're just back in the range here

okay back at the bottom of the range. let's see if they support it though

looking for buyers to support here looking. for a lack of sellers or if we do get our

sellers in here looking for a big iceberg order. or and or high liquidity getting filled in here

okay if we move back up here here's 487

icebergs have already. transacted at this price level

and they're still here in the book well. they're still here they're not in the book but

all right so uh captain price you're bringing. in lunar cycles here into the analysis

i don't know if it's full moon or not is it

yeah liquidation indicators. uh p trader is only working on

not only just crypto but only on. four different exchanges at this time

okay bitfinex binance futures by bit and ftx. guys this was really short-lived here this is

not good it's pretty bearish if it can't even. kind of fill in this area in here this is as

high as it goes was kind of the swing here and. then we're looking for our support down here

or you know a lot in the in the book and none of. that uh unfolded here there was very little in

the order book we didn't we don't see many many. buyers either so you know sellers come back in

here's a retracement back to it

now we need to see quite a few buyers now at. this point else just looking for sell side still

and then uh the drop into this 50 level here

right i mean this is as high as it could go. here and it could make make it up into 70.

all right but anyway that's uh. looking for that but we'll go

through the scenarios again right structure. structure being broken broken on high volume

and well maybe they can reach back up here to 64.

okay so nice move to 64. uh and uh yeah like you. know this would be a small scalp for me basically

i i'd get out a leg maybe maybe. all but just looking for that

okay now we can go through a different scenario. we've still not seen much in the order book so

let's see if we get our sellers in here and. try to move it right back down to 57 and 56

okay and then maybe we get our continuation here. uh into into the figure half figure at least 50

55 here liquidity as well guys. this is during rollover period

um but we're seeing some pretty nice moves. typically rollover can be kind of challenging

so here's our continuation move right. so again this is kind of the level here

at 60 and we see the selling down below. it so we're looking for a continuation

and we're getting it we're. getting our follow through here

right so this was just kind of a you can. see why this was kind of a scalp idea

and then a continuation here. but the continuation below 60

below 60. they're not supporting it here at 60.

jared too too busy trading. to look at the moon yeah

captain pricey like it because. it confirms your your panic days

hey there you go whatever hey. whatever works really seriously i mean

if it's some sort of odd coincidence. like you know i mean it whatever works

and you studied it hey maybe there's. something to it i look i've heard it

for years that some people swear by lunar patterns

yeah jenny i mean like you you can see like. you have to be rather quick on some of these

moves in here uh again the the idea was. that okay great buyers starting to come

in looking for the move back up to the swing. starting to break some of the structure here

but if we get back down here and we see our. sellers and they're not supporting this anymore

at 60 and they're not we don't see anything. in the order book here we didn't see

any buyers come in we're looking for back down. to 56 and 57 the bottom of the range here maybe

they'll support it there they didn't right so. we're getting continuation of the move here

right and you would be looking for something. to give you a hint down here in the order book

high liquidity iceberg transactions lack of of. selling we don't get any of that down here so

you know you can still stick with the the. continuation move here and and the trend

right so i mean if you're if you don't. see what you're looking for in the

in the order flow then uh you. stick with the the bigger move

uh the concept is really simple in here what. we're talking about uh and it's just that that um

uh the the orders give us insight it's the

what makes up the market it you know would be the. first question like what what why does price move

uh what what would qualify as capitulation um

oh uh the the the um uh tr tripedity the. um that liquidation indicator is on the uh

it's included with global and global. plus so uh go to the knowledge base

all right let me show you where and then uh. yeah if you guys want i mean like we'll get the

discussion going on what makes price move type of. thing um but uh it's important okay so let me let

me show you this here so um this is where you can. find it go to the more button from bookmap.com and

go to the knowledge base okay this is where um. you will find all of the add-ons here that are

included with global and global plus and some of. the crypto markets so now you're in the knowledge

base section but see how this you're in the user. guide section here that's what's highlighted

we want to go to the add-on section so click on. that okay now that area is highlighted and you

can see all the add-ons here in the left-hand. side liquidation indicators here at the bottom

okay click on that so some of these add-ons. in here aren't included in global or global

plus like the hero is not included in it. but i think all the rest of them are okay

so anyway this is where you can find. a lot of information and details

on the liquidation indicator it's all here. there's a video how it works how to install it etc

well capitulation um

oh you're welcome uh well capitulation i mean. basically i don't know the way i kind of look

at it uh to be honest bert is like the that. let's say this move here to the downside you

know let's say we get our sellers in here see. there there's some buyers here on the bid at 53.

and you can see the market kind of reacting. to that okay capitulation though would be

like there's no one interested here and no one. wants to buy until it gets to a lower level

you know down down here at 50. but you can see see. them bidding up in in between here a little bit

and this is very very typical before we hit the. figure you'll see a lot of this kind of activity

and a lot of times you'll see even moves. counter trend moves and it kind of has to

come back up into like our 67 or 70 level. and then and then finally trade back down

okay but if if there's no one interested in in. buying uh down here and you see sellers come in

like the buyers have capitulated like

we'll we'll see it move pretty. quickly down to these lower levels

and wait wait until those buyers. start to step in basically

all right so let's go back here to youtube

um

let's see more ad there if i can recommend a. specific computer uh if you go to that user

guide section i just showed you in the bookmap. knowledge base we do have recommendations in there

but there's something even better than that. uh and that is here uh in our discord channel

guys in fact i'm i'm kind of thinking like um

you know of consolidating our um discussions maybe. only in discord it's kind of tough to jump back

and forth here uh so maybe we'll have just you. know our our chat and our discussion in discord

i i don't know i'm thinking about it uh but. anyway so yeah come here to discord uh in our

discord chat room here for bookmap uh and then. you'll see in here let me just blow this up

uh you'll see in here the uh we have a nice. little discussion group going on in here

hold on getting there hold on on

oh come on i know it's in here

ah workstations maybe i just need to do a a search

yeah this bugs me hold on a. minute here i gotta find this

okay how about over here

anyway guys i i don't know why i. can't find it i know it's in here

um i'm skipping over it somewhere in here uh. but find the thread on on workstations in here

oh my preview window is. blocking it got it thank you

yeah there it is right up here workstations

okay and you'll you'll see all sorts of stuff in. here right recommendations for a laptop and every

look at some of the people's setups. in here are crazy i mean they're great

so yeah good thread in here so yeah check that out

okay let's let's take a look uh back at the. current price here all right so we have our

european close coming up guys i mean this is. going to be a heck of a week we have you know

all sorts of data coming out and you can see how. how the market is reacting to uh in inflation and

the fed uh i mean it's you. know and the volatility here

so and there's going to be a lot of things. that affect price here uh in the next few days

so just read the order flow be careful here be. objective be objective so for example look at this

lots of buyers in here this is pretty strong. buying i'm looking for them to try to trade up

here to 62 to 65 basically and you know if if. they we can get those buyers in here like this

then we can get back up to our 70 level. here okay we were looking at earlier

so we know there's buyers in. here now are they supporting it

in the order book we didn't have that. before here they are they're they're

they're here at 56 you can see it right look at. 58 under here as well and we're getting buyers

great all right well let's see. them squeeze it now up into 65.

and we should set we should see a stop run. here as well i would anticipate a stop run

here okay see the bid here see we got that extra. piece of information here we didn't have before

and it's it's squeezing already okay we're. looking for continuation of that squeeze higher

okay we have lots of buyers in here too so we're. looking for more and they're supporting it on the

bid here okay we're up at just about that would. be our first target or let's take a look now

would would that be our first target yeah i'd. take some off up here at that swing i'm still

looking for more 67.70 right this is some see the. difference in here see the buying coming in here

so we're looking for back up into some of. these levels here okay just looking at these

three elements and bookmapping the order flow. in here to give us insight to these moves

and you know we're these are counter trend. trades against a a a market like this

so uh let's let's even you can even look at. your five-minute chart here 70 area we already

know that that's going to be that's the low volume. node up up in that area and you can see why uh but

maybe you can get up even higher 74 or even up. in the 80 level that we looked at previously that

jenny was looking at uh as well so uh. you know it could even make it back

up into some of these levels there's not a. whole lot of transactions up here right so

you know the swings can be really really. wicked uh in volatility so you know

study study your uh your trades in. volatile markets and you know it's hard to

when those counter trend trades show. up it's it's uh it's hard to hold

because they will test you uh and you'll get these. pullbacks that are amazing uh so you know take

your profits on some of the big moves and the big. swings uh and and you know uh manage your trades

um aggressively i mean don't again not. trade recommendations but just it's just uh

an understanding of the uh environment. that you can anticipate on big move uh

up or down that you're you're gonna get. some some pretty big retracements as well

okay still looking for them to squeeze. it up and we got a nice stop run there i

want to see 70 though our 70 level we really. liked it earlier and we're just about there

okay is is this clear do you guys

can you see this here let me let me just bring. down the heat map here for a minute and let me

take i'm going to take the stops and icebergs off. here as well for just just for the moment here

okay can you see that distinction in here do you. see that bind you see the structure break here

and look at the buying pressure and we're still. up here and we're still you still see them come

in that's why we're looking for our 65 level. up here and then and then 70 and 70 just traded

okay and yeah i i would take my profit at 70.. and it still may go higher but that's what i

was looking for that was my you know trade idea. and in fact it's still you know looking at this

time frame and then this is a different time frame. uh still looks good there's still a lot of buying

here so maybe you can go up into 72 up into here. where it dropped from or up into here okay 80.

but i just want to make sure you. guys can see the the distinction

right and and and how that adds to. your your um uh you know your benefit

like starting to understand the order. book like we we saw the distinction

in the order book underneath here they were. supporting it right we didn't have that before

so you know price we'd see the buyers come in but

there's just like ah you know they're. not really bidding up in here and like

and then we see the sellers come in and they drop. it back down into lower liquidity at a lower level

it doesn't matter jenny if if. the big buyer or sellers is

if it's a stop that is being triggered or. not this is a transaction we're interested in

huh you're a ryzen 5 i think i do too uh and. 32 gigs of ram i that's what i have too and

my i don't i don't think i have any i mean. i don't have any issues with bookmap and a

lot of times i have a lot more symbols open. than this right now i don't know if you're

keeping bookmap open all week long if. so that's going to affect it for sure

reiner 52 you got in around 52 wow excellent

yeah i wouldn't i wouldn't have i wouldn't have. seen that or if i did i would have probably taken

it back up to here and and gotten out on some of. it but once i saw these guys starting to come in

in these areas up in here yeah especially this. transaction here i'm looking for them to try

to try to bring it back up into maybe this swing. up here or this liquidity here you know it's not

much but you know looking for the bigger move. to unfold when you zoom out you can see that

distinction uh and that's what we're talking. about here okay and that's the edge and then

seeing that support in the order book underneath. here as well along with this aggressive buying

all right so let's see here okay reiner yes. you're also looking at some of the options and uh

yeah you might wanna if you don't have it. already you might want to look into the

hero indicator and the options hedge. impact in the options here from spot gamma

thanks thanks on the uh compliment with the uh. the live streams here uh yeah yeah i mean really

trying to keep it this is really. kind of the key uh is keep it simple

uh and objective uh and what i mean by objective. is like you know this is something that's been

seen many times over and we understand the. conditions of the order of the orders uh

and the order flow and that's what we're. looking for uh and that because the mark

my answer to the question earlier what what is. the market made up of it's made up of orders

it's orders that make the difference so we're. looking at the order flow to give us insight uh

to where the where the market might go these are. the footprints in the sand that are undeniable

yeah i can show you the hero indicator. again and i also have an on chart as well

that's the green line here

uh what's the hedge impact well i think the. details on that you should probably talk to

spot gamma uh but uh the the idea is very. simple uh that the dealer has to take the

other side of the trade the options trade so. they'll immediately hedge uh in the futures

uh and um uh therefore uh you know that gives. us some some insight uh that uh wow okay well if

they're gonna be buying a whole bunch of and let's. turn it on on chart here i actually don't see much

of a hedge impact down here it's actually over. here on the way down so not not seeing too much

i i keep this on but i keep it down pretty low

let's put it on a thousand here and see. what happens so here yeah 58 000. my god

um yeah not a whole lot of stuff going on. in here another big one here and here anyway

so it and so put these pieces together if. this was a hedge impact way up here well

maybe that's also an area. to look for a retracement to

you know line it up with liquidity. here 3790 high liquidity there

anyway just those these are. just some concepts to consider

guys this has been a really nice nice move here. okay so 80 is already achieved and it's already

a backup above it to 85. okay we talked. about this when the when the webinar began

uh and uh how these areas in here there's. not a whole lot and these these can be

really really wicked retracements uh and you. could still be bearish right so the next area

look on your candlestick chart here it. would be this kind of 91 or 92 area up here

okay to try to trade back into this kind of. cluster of volume up here and where the sellers

came in and really pounded it lower all right well. what's that look like in bookmap well it's up here

okay so this is where the sellers came. in this is when the webinar started

i have some experience with that um

spot gamma a hero indicator but i haven't. really done any kind of in-depth studies on it

wow you're okay so ryan are you going for 38.08

uh are you looking at some of these swings up. here yeah maybe i i don't know i'm just looking

for i'm i'm curious if we get up to 3 800 here but. especially here i really like this 95 level here

and we'll see i mean maybe there's just not. enough buying pressure maybe this was it

you know up to 80. spike above it and that's it

now we have to read the order flow what you. know how much how much demand is there what

how much of the aggressors are are in here are are. interested in moving price to some of these areas

okay let me see i think i'm caught. up here on all the questions

yeah i mean there's a small delay here in youtube. so it's it's actually kind of better if you guys

are over there uh in discord guys if you like. this video um or you know you like these streams

please give me a thumbs up in there uh that's. really good for us it really helps us here

it helps us do more of these

yeah yeah it's really appreciated. uh and let's let's see here

let me go to the discord chat

yeah yeah guys put you i encourage you. to put your uh your input there your

your experiences about the workstations see. what works what doesn't uh et cetera uh i

can show you here on the knowledge base. about you know what we recommend uh and

just go to user the knowledge base. user guide section in here and then

bookmap system requirements and then. we have it broken down into to minimum

okay which i i would suggest uh you know at. least meet this windows 8 come on no one's

using windows 8. um uh here's the recommended okay. and then here's for heavier use here using mbo

you know full resolution etc so. this is the one to look at here

and this is basically minimum for heavy use okay. so you have 32 gigs here and then in terms of uh

processor i don't see it

hold on there here it is i9 or or ryzen 9 yeah. okay so i don't i don't even have that i think

i have a ryzen 5 and it is working great all. right guys anyway european closed just now

uh a nice move up into 85. uh the um i'm kind of. curious to see if we'll see some support in here

at this cluster here i don't see it right now i. see them actually on the on the offer at 80. uh

so yeah maybe we maybe we can see the. move back down to our 70 level here okay

potential move back down to there uh but here come. the buyers so they're going to go for this 80 here

all right let's see if we can get our sellers. in here they didn't make it to 80. okay looking

looking to see if we can get some sellers. in here no somewhere right around here 76

and then we can kind of hit on down. into some of these lower levels

there's there's some exhaustion. and let's see the sellers come in

not looking for a thing anything. on the bid until down here at 72

looking for more on the offer up here and. looking for our aggressive sellers and

then we can get our move right likely or it's. more likely we'll get our move put it that way

anyway guys we'll wrap it up we'll call it a. day thanks for coming everybody uh if you like

the video yeah please um hit the thumbs up. button there and join us in discord uh tom b

is up next so the streaming will continue uh. right into his session uh he'll be looking

at the s p e mini as well and then he'll be. going through his volume profile methods okay

yeah so yeah take take a look at uh

tom b uh guys we'll follow up with you tomorrow. at the same time okay yep take care thanks