Good morning traders and welcome to the all markets webinar. This is Bruce at book map and we're going to go through the order flow And any of the markets that we can connect to so let me know if you want something specific that you want to look at we can do that and Go through the order flow within book map How you use this tool to gain deeper insights to offer you an edge General disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice No recommendations risk disclosure trading futures equities and digital currencies Involves the substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. All right, let's jump in Let's take a look here. We'll start off with the S&P e-mini and See what's going on in here. All right, so we can see the cash open here move to the downside and move right back to the upside the data that I'm showing in here is We see kind of a slightly bullish Activity here with the with the open, but it's nothing really grandiose and much to speak of here. So Let's take a look at the bigger picture and good morning, Louise and We'll step back. We'll look at the candlestick chart here and what's going on in here. So as we had mentioned During last week that this momentum move to the upside due to the fundamental data and also the order flow was There's a lot to talk about in there And not just for the day, but holding for several days or a few days looking for this continuation move in here now that just wanted to present some of those ideas to you and we talked about that yesterday and ADR ATR as well starting to understand ranges And how much it might go? So, you know, we weren't looking for on Friday here, for example We're looking for it to go higher, but not much higher It had already reached its kind of max during the webinar and You know, we're not looking for a whole lot more it, you know, it might it might have come up into here Into these wicks in the swing It looks like that's where it wants to go now to be honest We have yesterday very small range and today look at this Hey, so look at the The daily candle here if we can get up and retest these two wicks Here and we're going to look at the order flow in here and we're going to look for a lot of buyers To try to break that area and then come back up into these wicks or these areas up here. Okay, so above 4400 Somewhere so that's what we're going to take a look at here now We can see the island gap in here on the hourly in the middle and the continuation in here, right so the slowdown yesterday and then the now we're just kind of Seeing if we can get more momentum in here for a move higher And then we're looking at the 15 minute over here on the right And we're getting our answer here on the 15 minute. Hey, this is good. It's good that it's testing up here We haven't tested up here today in the cash session and We're seeing a bit of resistance up here. Okay, so There's probably a lot of liquidity or maybe a lack of buyers Let's take a look right because we're looking for maybe a pullback and then an extension move back up All right, so we'll just go through some scenarios in here and what's happening. All right, so now looking at book map We can see the Get a little bit clearer understanding what's happening here, so we broke the high here at 43 85 and we've come back down now And have retested kind of where we broke out from Not just here, but also here in this little breakout. This is where the buyers came in Right, so this is what we want to read in here. Now. There's a lot of things to read in here rather quickly We can we want to read the appetite of these aggressive buyers, which is the Market buy orders or these big green dots in here. Okay market sell or the red dots and We want to look at the relative volume in here and compare these areas To see like who's really in control of this market and moving it And then we also want to understand the other side of the trade like look at this just massive wall of liquidity in here They from 87 on up to 89 two points worth of just you know pretty solid liquidity in here if we zoom in we can see more details in here, it's especially at 88 and 89 and a quarter the highest levels of liquidity here. Also, this one's not bad at 87 Okay, so anyway, we zoom out you can see the color of the heat map changes and gives you that relative liquidity Volume or understanding compared to other areas, and that's why it changes color So we have a wall of liquidity up there. That's going to scare away buyers All right, so what we're seeing sellers come in now and they're going to retest some of these areas back In the mean here, so the the mean would actually be in our profile 76 down here the most traded level Hey, that'd be our point of control But you know there's all sorts of little areas in here, and we want to understand that context and relationship in these swings Like down here around 80 one and a half Low volume node and then do we see more sellers come in and try to reach it back down to 80 here? Okay, so this is the context that we want to read and understand All right, let me get to any questions here Good morning everybody. What is this name on book map? Oh, I that's a third-party Indicator hey, that's something we didn't we didn't Create okay, so you can you can find that information on we go to I'm not sure who it is I forget but you can take a look on our on our marketplace go to book map calm click on the more button And then go to the marketplace and take a look in there. Okay, cuz yeah, we have many third-party educators who have created different things Right Okay, yeah part of the TTW package. Thanks. I'll Louise So that's what you can research and look up. All right. Let's see anything else. Good morning slow down Okay, is Robin here today just I mean, there's some things I wanted to go over with you Rob and See him in actually today Oh, there he is All right, excellent Rob Okay, so guys I want to share something with you and this this is we spoke about the flag pattern yesterday and I Really wanted just like get to the the boil it down and What exactly is it? It is a moment a momentum play You're looking for strong impulse moves buyers or sellers moving the market. That's what we want to identify And there's other things to identify in there as well But the pattern is you can almost kind of forget the pattern the idea I want to focus today mostly on just momentum and That's a part of the flag pattern, right? It's a part of like many of the continuation patterns And that's what we want to identify in here. Okay, so Rob I had suggested to you like for your spreadsheets for the bookmap junior academy to Just focus and identify Strong moves, okay, so let me show you what I what I mean in here. We'll go to the Bookmap comm Okay, click on the more button here and then go to the learning center here. Okay in the learning center We have this new course and strategies and setups and just click on that And we just have one right now, which is a continuation pattern And it is a flag pattern I just I just there are many in here as you guys can see everyone knows these right We all know what they are etc. But they're all really the same thing and We're looking for continuation of a move of a strong move and then some sort of like back and forth and then another strong move and We went through this is the the diagram in here what it looks like The what it looks like then in bookmap identifying that same diagram in bookmap And then the execution one which is the most important video here is how to execute And what to look for in a checklist here now that checklist Is it's also here if you go to the resources you can click on the flag pattern checklist here And you can bring this up And this will go through that checklist if you see these things consolidation area identified trap traders and develop scenarios did you do that check it right and And I go through the checklist and then you can start to weigh your entry Do I have justification for an entry in here? And then you're looking for a second impulse move and then you're starting to look for your target and your exits in here all right, so Now why I want to cover this and I'm again, I've been using the Rob as the the poster boy in here to identify and keep it simple Identify the momentum in the strong move. That's what's key here and Because then we can look for the continuation Right, so look at this one here right pretty strong volume for this time frame, right? Here's our pullback in here. Are they bidding up? Yeah, they are Hey, it's not that great And then also this strong move in here. Well, it kind of already did a little flag pattern in here Right now it might be a flag pattern within a flag pattern, but one of the elements that we want to look for in here Is strong consistent by volume all the way through? Okay, it kind of exhausted out up here. This isn't really what we're looking for Okay, now this is now. This is a subtlety though, right? You know, we're I Still think it's probably gonna come up here and test the high the swing high and complete the flag pattern Hey, which is like a strong move a pullback and another strong move, right? But you know, we're kind of looking at this and going hmm. I don't know if I really want to We're looking for it to unfold, but do you really want to risk your money on this in here? Is it worth it? Well? This is something you'll have to determine as you go through your checklist, okay for me This is not as high probability. I don't want to see this just in the middle here I want to see it up here. I want to see this top edge in here filled with buyers I want to see the profile in here. I want to see it skewed. I want to see a big p-shaped profile in here And then I'm looking for either more trap traders down here high liquidity in here maybe exhaustion by the sellers and then I'm looking for these buyers to curl back into the trade and Just hammer the the offer and I'm looking for them to come in for the second impulse move And this isn't really giving me that warm fuzzy feeling in here And that's the understanding of that this impulse move in here, right? And that's where I want to focus on today is Understanding these these big strong impulse moves, right? so Now we've got a new tool and I can share it with you and I would also like to Offer it to book map Academy members. Okay one of the things that you get as Academy members Is access to pre-released add-ons? So what I can do this now. I check with the developers and they're they're fine with it Let me actually let me just double-check and see that there was any more Conversation about it. No, we're looking good. Okay, so It's a very very simple add-on that we created here. It's super simple It is called right now at least it's called bookmap checklist. Okay, so I've already got it up and running here It's check marked and you can see it here. Okay, so this is the you can import a CSV file as well and Import the Checklist that I just showed you on that spreadsheet Okay, this this checklist here That I just showed you. Well, I've got it here within book map now. Okay, so I can kind of keep this on the side I can start to go through And I can grade my pattern as well. Okay, so Identifying these elements in here. Do I have can I identify trap traders? And develop scenarios off of those trap traders Okay, so you can check market here and then give it a score one through ten. Hey, how how how good does it look? Do I see a lot of trap sellers in this area in here? There's some okay, and And you know, they're feeling the squeeze here now, maybe maybe it's a Like I said, this isn't really the strong impulse move that that we were looking for Well, look at the retracement here retrace all the way back down to where this impulse move began Right, so we stayed away from it here because we can go through and start to identify these things in here So in terms of the trap traders, there's not a whole lot. Hey, so we give it a low lower score Maybe maybe a four or five And then we can go on to the next one here And it's these two that I want to focus on today Rob And I think if you can get really good at identifying these it will I Think it can only Immensely help your trading. I really do. I I'm firmly believe in it. So Steep large price moves strong relative volume. Okay, this is a steep strong move here The relative volume is not bad, but we want to see it consistent all the way through This is not what we want to see up here Right, so, you know, we can put a check mark in here. We looked at it and now we can grade it I'd give it like maybe a six right something like that five or six something like this Measured moves. Let's go over this one as well. Okay a measured move and absorption by high liquidity Hey, well, we looked at it now. We're gonna grade it. Do we have it or do we not? And let's let's zoom in here not really we have the high liquidity in here Right now this this is a interesting move here This is clearly going to be a stop run or a larger player in here sweeping the order book Up into these areas here. In fact, let's turn on our stops and there's our stop run right here okay, so we can see that and Just let's turn on stops and icebergs. All right Okay, and that was the really the kind of the bulk of that move right and it just came up above these swings in here And that's what we're starting to identify So this strong move. Okay, so we have kind of parts of the puzzle here, but not it's not a really good one Okay, so now, you know, we retraced all the way and it's not surprising to see price come back up here Hey, now, what about this one in here? Yeah looking pretty good Pretty strong consistent Looking for the move. Yeah, I'm not looking for a pullback at this point I'm looking for buyers to just lift it right up into 89 right now Okay, so what now is it something I want to it's too late for me to put money on this or to look at this in here As a as a potential setup. This is too much risk It's too much risk. We want to identify it much earlier on and You know, it's kind of hard to splice into one of these in here and You know, but it's looking pretty good up here And then, you know, but we stayed away from it now look at our checklist again in here And we can we can look right at it and see and understand that this would be our pullback here now Look at the pullback. Hey, is it is it done low volume? No, it is not There's high volume here And is it minor? Yeah, it's it's It's about 50% of the move and we want it to be less than that so it's kind of okay we would we would say and Is there Liquidity bidding up in this area or below it here. Yes, there is. Hey, that's that's good. We've got that. Okay, so Let's see now actually this this still it's not really quite what we're looking for But look we're going to look at it maybe a slightly different version of it So the one thing that we don't like about this is the relative volume in here Hey, this this negates it. This this is a deal breaker for me Right. I'm still I'm still thinking we're going to trade up here All right, but I don't want to think about it I don't I don't want to I want to have something that is higher Probability I want it to be clean and clear Right, so I will pass on this Right, I'm still looking for the order flow though to come up into this area here To to tell us to come up in this area in here. It's just not as good Right, so staying away from Not so clean in clear setups is a good thing Okay, wait for the market to come to your setup. You've studied it. You've back tested it You have these elements that you're looking for in here very clean simple elements that you want to see in your setup and you're looking for Getting into the subtleties by grading them in here as well right, so With that in mind Now you're waiting for the market to present itself Think about it this way If you go through this process and you have back tested this Basically, you're just waiting for the market to come to you And present what it is you're looking for because you know that you have an edge here That it should work out Right because you've looked at many instances of it And you've studied it and you've you've found where if I go through this grading process I can find something that gives me higher probability of it working out And it's as simple as that and you can just kind of stop right there All right, so Then basically, you know, you always hear Traders talk about though. I'm a sniper I'm I'm, you know Stalking this from this vantage point and waiting for my market. Well, this is what this is the same thing You're looking for and taking that one good shot Waiting for it You know, you're not running around after your your prey and Trying to take a shot on the run. Hey, you're sitting You're waiting And you're waiting for that clean and clear shot that higher probability shot. It's the same thing Okay, and we're just going through a process to identify it in here. All right, so and Well, anyway, I think enough said on the the setup and what we're looking for in particular Let's get back to reading these strong moves. Okay, so the strong steep Large move strong relative by volume Okay, so identifying these things and we're going to do it on multiple time frames in here Uh, so what we still see the strong bind. All right, so buyers again here now They should be able to lift it now. They should be able to lift it up into 89 Okay, because look at look at the momentum in here. Look at the momentum in here now again Is this really high probability? You know, it's it's I think it's higher than before based on on some of these factors in here but Uh That we have this momentum here. We do have this strong volume in here, which is a was a deal breaker But now we're seeing that strong volume again in here. Okay, so Anyway, uh, uh, it's just there's a lot of buying pressure behind this Okay, well, is it a steep move? Yes. Okay. Is it is it strong in terms of Volume. Yes. Okay. Is there volume up in these areas up in here? Yes Right. So is are they bidding up underneath here? No, they're not right So, uh, if sellers do come in they can whip it right back down into 85 and a half or even lower And maybe even trap these buyers in here They say we don't want that Right. So we're looking for those buyers to tell us that well sellers got it wrong Uh, and um, this is actually a good example right here. Here's where you want to see your big green volume dot right here Okay, so at this 87 and a quarter and we just we just didn't get it right now In fact, in fact, you see sellers here Okay, so we're staying away Right. This could be a potential flag pattern in here. We we don't have a lot of the other elements in here, but You know, um, we're again coming back and just Trying to keep it simple here. We're looking for the strong moves Now we're getting our buyers here And i'm looking for them to continue to buy Okay up into this liquidity here All right, we have a lot of buying pressure and they're still buying at the tops And now we're getting our a bit more of a p-shaped profile in here Okay, so if we get enough buyers in here, they should be able to lift the offer up into 89 Okay, and there there's our move. There's our break. All right, so I hope that was somewhat clear Just trying to simplify the process in here And what we're looking for okay again now. This is a strong move as well Okay, so, uh, well, uh, they they they traded up into 89 89 transacted 89 and a quarter where there is the high liquidity did not transact All right, so, uh, uh, just not enough buyers to to trade it up into it. Uh, it was absorbed here at 89 Okay, well, let's see what happens after that. Okay. Well, here come buyers again Yeah, buyers should be able to take these guys on Hmm. No right up here Not too much trading And a bit of selling comes in Yeah, I'm still I'm still looking for them to lift it up into let's see if they can get into 90 here Okay, and then maybe 92 there we go There we go. There's 92 okay all right, so So that now for me This move is done Hey, because uh, look look up here at 92 Uh, I see it's I see a lot of selling in up in here. This is a strong move But it's also capped up here with a lot of selling Okay, so maybe some back and forth that I'm not saying that the Continuation move is finished. I'm just saying that this move I think is finished for now All right, so maybe retest back down into 89 and a half or 89 and a quarter All right, it's going to be a stop run it is you can see it here and Anyway, uh I hope if what can I do to help clarify this in here what we're looking for and just identifying and Sticking with this. Okay. Well, we identified this one immediately as the webinar began And we noted that it's up in here that we didn't like it. Uh, so we're we're staying away so Anyway, it was a strong move but not up here a strong relative volume, but not up here and Yeah, we're still looking for this to kind of define the the next trading level and it did Okay, this is what you can start to take away from understanding strong moves in here Okay, so take a look at this Right right in here is where that strong move began up to here. That's the swing You just pull that across You can see all of this traded volume in here took place within that strong move This is in control Of the of the of the market at this time. It's pretty weak up here though All right, uh, this is what we've been talking about for years But now we're going to start to define it, uh, even uh closer Uh with these strong moves Okay, and then uh, it's not surprising to find another strong move in here Okay, now up in here Uh, we went through it and we kind of stayed away from it. Uh, I was looking I thought that we'd get it Up into 89 at this point. Nope. We pulled back hit this high liquidity here And then this was pretty strong volume here on the on the sell side. So we stayed away from it Okay, it's that's not the market. We're looking for it's not the setup. We're looking for But this this move is pretty good. It's pretty strong. It's the relative volume is strong And uh, it's consistent all the way up Okay, now we got up here and then I I started to like it up here a lot Because I know that they're strong consistent buy volume Uh, and the selling in here. Well, we are above it at this point Okay, so here we are above it Above that area And uh, uh, that means that anyone that sold in here can be fuel For the move higher they will have to cover All right, so we got some back and forth in here We pulled back here. We get it again. I think maybe this is where I really liked it. I I can't recall I think it was here and here And then still looking for that move to unfold it just Due to this momentum this momentum and this momentum Okay, so the momentum continues Okay, it's there's still strong buying that's coming in here All right, so in terms of that flag pattern though, we we shied away from some of these ideas in here I think my point here that I wanted to get across Is understanding momentum? It's not just the flag pattern because we kind of stayed away from the flag Of strong move pull back in a strong move Okay, instead we're just looking at and understanding momentum now and understanding momentum Can open up all sorts of other setups And you could start taking those start looking for these uh moves up into these areas here Okay, it opens the door. It's it's something to study. It's something to understand Hey, because this is actually turned out to be a really nice move Okay, and uh 4400 is the next step up here Uh, let's take a look at our bigger picture Okay, this is something we had mentioned as well on the hourly on the daily here Uh, we saw that this was green still so we're looking for a test up into this 91 or 92 area here This swing up here on the uh from friday Now we're above it Okay, so we want to identify again are there still a lot of buyers to come in here Okay, and then maybe we can get back up into the here like 16 all the way up into about 28 Okay, 44 16 44 28 Okay, now again look at the momentum in here This is really strong No no question about it. Look at the pullback so far Okay, they're they're very shallow Okay, two days worth of data here and in fact we're testing back up here right now Right, so now we have the potential for that move to unfold here. This is the same pattern and same idea or momentum idea here Uh, and we're looking for carrying it on up on a higher time frame for the daily chart Okay, the same here we identified this like this island gap, which is a very strong powerful Gap Uh, and then look at our our 15 minute chart. I think we were Uh, just In here when we started uh and looking for that we saw the test into here once Uh, and then we're looking for it again and then put the potential To trade back up into these wicks now. We've not only done that. We've cleared them up here Okay, so now we're still looking for continuation All right, so, uh We'll let let's take a look in here, right? So now it looks like it's just kind of turning into more of a grinding move in here Uh, which uh can grind the rest of the day In fact and we can get a nice strong move for the rest of the day Hey, now this is where it can get kind of tricky With these grinding moves All right, because all of a sudden sellers can come in with it right back down to here or here or here All right, some of these other areas where these big transactions took place Hey, however, we we don't know Um, we're just going with the momentum in here Okay, looking for it to come up to 98 looking for it to come up to the figure 100 Right. I don't see sellers yet. I see them bidding up underneath here and we're still finding buyers Okay, now we know we're going to get pullbacks right, uh, and uh The thing is like how do you um Well, I guess maybe we should shy away from uh execution in here. Um the It's it's a tricky one because um On these kinds of grinding moves like this it's it's like You know It's something you got to you got a back test and study and I I really haven't on these grinding moves I just know that if I get in in the grinding grinding higher Moves in here, uh that typically You know, I'm just looking for a minor pullback. I'm looking for those buyers to start to curl back in Uh, and then placing my stop Okay, maybe taking some profit along the way Uh, and then uh trying to get back in again Okay, so I'm kind of adding to the position in here Along the way And yeah, I mean there's there's there's one thing that you you're not going to avoid in here on any of your trades And that is risk Okay, so these moves are going to happen uh, and um The thing is like how how are you going to manage it? Uh, and what are you looking for on what time frame? Is this the move that you're looking for and and then getting back in because it pulled back Right and went below the swing in here And look at the buyers come roaring back in again Okay, so stop run Not much, uh, and then high liquidity in here Uh, but uh, we just we're still looking for buyers Okay to take take this higher up into 98 and 4400 And then some All right So let me check here if there's anything else that you guys Questions in here and rob I see that you marked up another uh chart in here. Let's take a look at it Okay I would I this is where I I was looking at some of your stuff, uh yesterday rob, uh and after the webinar And it's good to identify I I would I would like to see you identify um and kind of um Deconstruct the strong moves All right, so uh, the these these big impulsive moves in here, um I identify the order flow within them Okay, is it strong? Is it consistent all the way through is what is the angle here? Is it steep? Uh, and uh, what about high liquidity? Does it fill are there still more buyers above it? Are they bidding up underneath uh in here? They are down here for sure Right, uh, and then you see the buyers starting to come in here Okay, and they're gonna they're gonna lift it and they're gonna shoot for the high liquidity that is targeted or up here on the offer All right, and this is this is the context that we want to understand So break down those those big impulse moves And start to understand, um What's just within the impulse moves? Okay, so, uh, maybe I can put a list together for you later rob and That might be good for the book map of meeting meeting that Book map academy meeting that's coming up And we can we can go through Uh that checklist right so In and that checklist here, um, I can give you access like I said to this tool in here and you can import it Uh, and then you can look for these very specific things just within a strong move This one is for the flag pattern in here But uh, you can you can look for uh one that is based on uh, just just a strong move You just make it up and excel and import it Uh, and then start to just identify these strong moves Okay, and then where you think price is going to go based off of these strong moves.  This is looking so much better Uh, and I think this will help clarify things for you Like that bidding liquidity being added. This is fantastic. Look, what's the reaction here? Answer's a question. What is the reaction to this liquidity? Does it does it transact? They bid up underneath the swing here Um, a further up that's bullish Are they pulling on the offer? I see them pulling here Uh, do I do I see sellers wanting to trade into this liquidity? No, they don't even reach it Do I see buyers start to come back in? Yes here and here right So you're this is where you're going to just identify these elements in here The trading plan is just right behind you on on this I I would just suggest get really good at identifying these things in book map Uh, and then uh continue on Uh, and then you'll see and understand these details in here so much better Uh, and uh, not just the big things like a pullback and high liquidity in here, but the details in it Okay, uh, and that should help tremendously All right. Good stuff rob Way to go Good morning debora elia That's what you needed. Okay. Yeah, you're welcome. Um, all right. So anyway guys like uh, once we can start to understand like and The order flow in here in these strong moves or in these moves uh, that will Really break down. Uh, and you'll probably see the market in a very different way Uh, it'll it'll break down your candlesticks. You'll know what's inside this candlestick in here Instead of just shooting from the hip and just saying well, you know My stops down here and my take profits up up above there, you know, you'll you'll be looking at something very specific uh, and uh Getting into the details in here and these details are important. They're not really details It's it's what makes up the market Uh, and is understanding this behavior in here that will give us the insight Right, so the vision here that we covered earlier is like, yeah, you know, we think it's going higher Yeah, we think it's going higher on the hourly too. Uh, and yeah, we see the retest backup in here as well Okay, so we think it's going higher, but that's it. We don't We think But if we look at this Now we can ascertain The buyers are coming in The buyers are coming in I know that there's a lot of buyers in here. I know that there was it was uh, you know, uh, not not a very strong pullback in here It was on stronger volume in here. That's what kind of kept us away from it. Um, but um Uh, then it looked better up in here. Now that wasn't really the flag pattern But you can once you start to understand the momentum Then then you can look for these things to unfold Okay, and then uh, put some risk on Uh, and then look for the these moves to uh to unfold Okay Okay, so it's what makes up that pattern. Uh, is what we're looking for in here Okay, and now we're lucky today. Uh that we're covering momentum and we're getting a momentum move right so, uh This is this is a good thing Uh, it helps the presentation. Uh, if we didn't have it, we just drill down into smaller time frames or maybe look at a different market but, uh Anyway guys, like uh, there's all sorts of ways to um, break Down these moves in here, uh and understand that the strong move Um and add all the other confluences as well stops icebergs. Look at this massive iceberg Um in here, okay God, what is it? It's like a three thousand. Uh No, it's like a two thousand, uh contract iceberg Okay, right in here Okay, it's it it's actually it starts in here and it and it finishes in here Okay, let's let's turn on the icebergs on chart Again, this is understanding now now we're bringing in more details in here and i I I'm doing it just for the purpose of the of the webinar Uh because the next step is to start to get into the subtleties confluences correlations, etc Once you guys start to identify the main elements uh in these momentum moves A this context between the price structure the volume Transactions in here and then also the liquidity Okay, when we start that's the first step Do that Uh, and you might that might be enough right there Okay, but you can get additional insight with add-ons right now these are confluences And uh, there are not signals and we we we don't want to use signals in here Uh from uh from add-ons and we want to get additional insight from other players in these markets Okay, so for example large players Using iceberg smaller players getting stopped out in here and we we've seen this for years now Icebergs they are buying Stops they are selling they're going in the same direction though these can lead to really powerful days That uh, they're you know, basically the icebergs are buying in these areas wherever they can get their their Um, their their contracts filled Okay, and you can see that they basically waited for Strong move and then slipped an iceberg right up underneath it here Okay, we've seen this move to the downside so many times Uh, it's a great trick if I were a larger player. This is what I would do as well to guarantee a fill Okay, it's for almost two or I'm sorry almost 1,100 Um Contracts here Yeah So, uh, here here it is. Here's the data right here okay, so to how how better to to kind of guarantee your fill uh is to uh, maybe Um sweep the book and put right underneath it your iceberg You've got the momentum you've got traders who want to trade it the mean reversion traders are just getting annihilated Hey, they're not going to be able to make that market move very high uh or or much And um I mean if they're going to continue to get filled like this on the on the bid All right, so start to understand that context in here as well. Uh, and that'll that'll really help All right, so as we looked into I think this was that was this the move I can't recall now. Um, I think this move came later. Yeah, this move came later Uh, we were looking at earlier at Uh This one. Yeah, it was this one. Okay So, yeah, we I was just wondering because uh that selling that we saw up here Uh with that with that large iceberg Geez now I can't find it. Um Oh, here it is Here your book sweep and then icebergs That wasn't it. Sorry guys Hang on just a second. Here it is Wasn't this it? Well, it's the same it's the same idea in here. That's not it either. Um, it's the same concept. I think it was higher, right? Quite a bit higher Yeah, here it is Okay, so it was kind of tucked away. Um, and it happened very very quickly. Uh in here, um But understanding again what's what's going on in some of these moves in here, uh, and I thought maybe this selling in here Uh, that strong consistent bind steep move, etc Uh, you know high relative volume in here and I thought well this high relative volume in here By the cell side, uh, you can see it in the bars. You can see it in the dots in here. However It's buying too. There's a lot of buying in here A tremendous amount. So this is giving us that that confluence and that deeper insight in here Noting that this there's an iceberg in here buying Right and we don't see it in the heat map It's not in the heat map Uh, there's very little liquidity in here 119 contracts It which isn't bad, but uh Uh, it's it's nothing nothing large in here compared to like over here 200 217 Okay So that's where you can start to really add into the details now for example Uh, slowdown, uh has uh, uh Created here He's got a new one here as well Uh, but his his setup in in here, uh, he's added into uh, let me find it here Uh, he has added into his setup Okay, his spring setup here Uh, he's looking for Stop hunts below an area Uh, and then a reversal outside edge stop hunt, uh, you know down in this area here Actually, I picked one where he he's not uh Uh, he's not showing it, but here it is in the in the image up here his uh, uh his diagram Right stop picked outside edge of consolidation very specific Okay, he's looking for that in here. He's looking for an edge And that is a confluence Okay, and for his setup that is an important confluence That he's looking for Okay, so these things can be added in along the way But start with the bigger picture Okay, the strong moves Right now as we've been talking this is just grinded higher Okay, so we're just we just traded into 4400 All right, uh, now slipping into this, you know, I like I said, I I'm not the uh Uh, the expert on that one a lot of times. I just can't stand to see these moves slip away like this Uh, and I will give it a shot on a pullback Uh, and uh, and then just um, you know Keep it keep a tight stop and and if I get stopped out try it again, right? I'm still kind of building Uh, my plan in here. It was uh Something that linda rashky years ago years ago like had had said that really Uh, piqued my my attention. Um, an interest was Uh, she said on these kinds of moves like this Uh, she said she just gets in Uh, she's just looking for continuation Uh, and uh You you'll just you know, if you're waiting for that pullback, you just might not get it Uh, and you can capture so much if you just get in And now how do you deal with the risk management? That that's something to I kind of struggle with Uh, you know, maybe just keep a tight stop and and and look for these Try to get your best pullback on a swing and just look for that continuation All right It's something that we'll have to we'll address we'll come up with something maybe in the learning center As a as a continuation move in here as another pattern to put in here, right? Um, but Anyway that's uh and You know someone has a checklist that they they do For their setup and capturing these kinds of moves in here and you can see that this is still going Right. Uh, in fact, they just pulled this block of liquidity in here Uh, this kind of reminds me too. Like, I don't know. Moby's not in here. He presented actually earlier today Uh, he's in western australia, uh, and he is um Trading the london session, uh, and um, uh, he is um, uh One of the things in that london session that Or overnight session extended trading hour session, whatever you want to call it. Um Uh an asian session is you just get these grinds like this and there's no one interested in pulling it back Right that that's why these moves can be so good on the overnight Uh, no one's taking the countertrend trade. They're just letting it grind higher Uh, and that fits into these ideas that we talked about on the higher time frame after Really bullish order flow and transactions Uh after a fundamental news event You can hold for the overnight Uh and just let it grind higher for you all night long All right, so be picky about it Uh look for very specific things, but these can be just massive winners Right it is these are just concepts again. You'll have to go back and study Okay, uh, but these are more swing trading ideas. It's an order flow move in essence Uh, it's just a much higher time frame All right All right, let's see. Uh, you slow down. You found it. Uh, linda raschke 10 or 12 uh technical rules in here afternoon strength or weakness should have followed Should have followed through the next day. There you go. That's one of them right there Thanks for finding this. This is great Yeah, there's so much to take away from here There's so much. I mean like uh, there's so many ideas and concepts just in a few of these that i'm reading right now Yeah, so uh Buy the first pullback after a new high Sell the first rally after a new low Okay, now that's again the same things that we're going over these are she says technical rules This is can be really dangerous in here Really dangerous because most traders will read this and go. Oh, I'm just going to do it linda.  I'm going to buy the first pullback after a new high And then you get clobbered Okay, you didn't back test it You didn't you don't know you're taking the advice of a of a trader. Okay. Okay. She's a professional Uh, she has uh, uh decades of experience Uh institutional experience But that's that's not what you want to like hang your hat on That's not what you want to trust You want to trust your own backtesting? So This list here. Okay, it's in discord and slow down in the all markets, uh chat room Just posted it take a look But these are just Concepts and ideas for your trading. It is just the first stepping stone Uh, then you need to study it Yeah, thanks. Thanks slow down That's that's excellent All right All right, guys. We'll look at this here now. We've traded up into and through but not by much 4400 Okay, it's 11 o'clock east coast time We traded into high liquidity and in these areas in here We are anticipating pullbacks at certain points This is not a bad idea for a pullback Right and a strong one potentially maybe back down to the high volume node here Maybe back down below the swing and knock a whole bunch of traders out that have been holding and holding and holding and holding right Uh thinking that uh, wow, this is great. I'm just going to kick back and uh Uh, you know, let let this work for me and then they get stopped out And give it all back Okay, so how do you want to handle these things in here? Hey, are you still looking for it to go higher? What's this? What's this move in here? Tell us Relative volume in here. How strong is it? Well, it still looks like a pullback to me I mean, there's stronger sell volume in here in the dots, but this is much stronger in here Hey, however, it was absorbed all the way back up here As you can see hit these these areas of high liquidity pulled back hit it again Pulled back and it failed to hit it up here at o2 Okay, and now we're seeing a bigger pullback Right, so what are we looking for in here? All right. Well, all right. We're looking for Uh, maybe a move back down to this swing here Uh trapped sellers And then look for buyers to kind of swing back into the into the trade okay, so uh In here though, I the one thing I would be looking for on this move in here is I'm looking for trap sellers Uh, I would not get involved in and that's just me Uh at the highs up in here. I need to have sellers that are trapped Uh, so that I can get that move to the upside I'm not just counting on the buyers to come in now And this is a pullback a bigger pullback move in here And I got to see where the trap sellers are And this is another thing we can we can identify those Hey, where are they? Where are they located? This is a very simple thing to to to note. Well, there's sellers in here Okay, well now there's buyers back up above it in fact Hey, there's also sellers in here In here in these pockets Okay, so we might get buying momentum actually right now To trade back up into here Okay, and and put put these sellers to the test in here Okay, so, uh, I don't know. I don't see a whole lot of selling back down here And that's really what I want to see to be honest Uh, but the concept is this Uh, get the buyers back above these sellers and get the stop run up into these areas up in here Okay from from where we targeted here at o4. I'm sorry 4400 and a and a half Uh, and then higher. All right. Let's see here jack. Welcome back Excellent. Nice to see you in here And hold on a minute here. Let me get to some of these questions in here The fox is in the house exactly Okay, I think we're caught up over there. Let's see. Are we caught up in discord? Yeah, I think we're good all right so anyway, that's some of the things here to um Consider uh, let me um, actually take stops off of here right now stops and icebergs off the chart Yeah, uh because I do want to cover again like um um The market pulse uh tools in here. Okay, we've been digging deeper into them and uh And finding edges in here using this market pulse tool Hey, that and that's really the key of any tool. How does it help us? Hey, so we've gone over stops and icebergs for a long time. We know that they help us Uh as a confluence now, let's look at this market pulse tool because there's a lot of Opportunity in here with this tool Okay, I do have the um Uh support and resistance. I think we're going to call it pull stack. Um, uh in here. So, uh looking at the order book And we're looking for imbalances in here and there's little details that this This one here can pick up which is really nice Uh, look at how this is showing us here that even though we see high liquidity here at 96 and a half We see more adding on the offer Uh and then pulling on the bid Okay, so that's really kind of odd, right? Uh, so there's another there's you know, it's making a different calculation in here Uh, and there's subtleties and that we don't quite maybe see in the heat map When we really zoom in here, we will see them. It's all here Uh, it is captured. It's just when you zoom out you might miss some of it Uh, because we have to aggregate it and and and do some other things in here Uh, so, uh, what we're looking for down here is a flip of the book in here So I I'm not surprised that that we saw a skew in the in the order book And we just traded in 96 and a and a half. Okay, so great now we're looking for that book to flip And we're looking for these buyers to come in And let's see if now we can get these as the sellers in here that are trapped Okay, and what that looks like is we look for this book to flip And be more buyers on the bid and sellers pulling here Uh, and then we're also looking for our Our big green dots up here. We're looking for these buyers to curl back into this trade here And we're looking for that book flip It's liquidity underneath pulling on the offer in here Our buyers being able to lift it back up And then retest back up in these areas here Okay, uh, and uh, there's our flip in the book Okay, not not quite enough buy volume yet. Uh, so, um, still looking for that there they go It's not a whole lot either Okay, we do have the trap sellers though Okay, so let's get a little bit more buy and see them pulling here. That's good All right buyers lift it right on up into 99 and a half looking for that Hey, we don't get that immediately But we're still they're still in the book here at 97 Hey, that's good Book's flipping a little bit. We might get one more retest back down here That will let the sellers that are trapped it will let them out Okay So we're not looking for that. We're looking for the buyers to come in again here Yep looking for them and then now lift up into 4400. Let's clear our drawings book looks good buyers And the move This will be the first stop here, but I really like uh Yeah, the figure in o2 basically Yeah, absolutely the book flips In the sub chart here. Sorry. I didn't turn that on for the market pulls in here and This is where you can see like you get this is the extreme reading and here is the 70 percent Little white line in here Come on buyers looking for it again. We have another retest in here still looking still looking good on that buy side And then looking for the we are trading up here. So just looking for a little bit more and then to bust up into 44 Yeah, cvd also will will is not capturing the book but is capturing the aggressors Right on the cumulative. So you can add that in here And uh, let's let's take a look. So the cumulative And we're not really seeing all all all that much buying in here, right right now Okay, we're looking for uh that buying to to pick up down here We see the selling this this selling here this drop in here Well, why didn't price drop a whole lot because it was absorbed Okay, now here we go. Here's our buyers. We're looking for again and Again, they fail to show up here Okay, but uh Still looking for them. We're just going back and forth and here It is auctioning up here at 98 and a quarter looking for a bit more and then the in the break So the cumulative volume delta is really not showing as much in here at all Except for this this in here, which was absorbed Okay Yeah, I just don't see much in here at all Okay buyers come on You've got it. You've got it set up in here You just need to to see the move higher Okay, here's one more retest up in here. It's got to be it's inevitable here We just need some big buying in here and if a larger seller just stays out of this in here The buyers have this we should be able to move it on up All right, it's starting to accumulate in here Uh up at this top edge in here. So we're looking for them just to to break it Struggling not that's still auctioning a little bit up here. It's really not that great though Okay, one more now. We're looking we're also anticipating a stop run up into about 4400 So it should be pretty quick move Or maybe o2 here as well Also, let me let me cover this in here. Why you know Yeah, we're looking for this to unfold and now now we're see our big seller come in and just you know hit the bid hard here right And we know that this can happen If they don't come in it should be going higher Right now now now the who's trapped the buyers are trapped this guy Or you know, whoever hit the bid hard in here Is is gonna the stop run is going to be to the downside now Okay, but then again, we're looking to we're again looking for the stop run to unfold and then We'll see if we get more buying activity back back in here again because it did auction up here We're looking for a retest back to that auction and then the continuation Right, so this is just one of those moves to the bottom of the of the range in here knock people out get people shaken out And then gives a good Position here for other players Down at this area to trade it right back up to here Okay, and then continue at that point Okay looking good And let's see it buyers This is this is where it really gets tricky with with trading. Uh, and in terms of psychology Uh, we can avoid this here in psychology Because we're looking for this to unfold it didn't look all that great. We wanted the bigger Buying in here. So we would have missed it We're looking for it to unfold, but we would have missed it. It just didn't look all that great Uh, and uh, we wanted to see these kinds of big red dots. We wanted to see those as being green up here We did identify the sellers in the trap Okay, so we had that on our side, uh, and we still have them on our side in here Okay, now we especially have them on our side if we can get back up above here, uh, and then Uh, one of the things that I wanted to cover in here about this move. Yeah, we were looking forward to unfold Uh, no question What we were looking for though, or I'm sorry, uh, what I wanted to mention here is why I covered this pattern in here first Uh, with this flag continuation pattern in here, and this is really important. Uh, so, um Rob, uh, it's it's also something I hope that, uh, This is helpful for you Is um, we are leaning on The previous moves in here Uh, we're looking for those previous moves to uh, and understanding the order flow in here Uh to back us Okay, they they've got our back That's what we're looking for in here Uh, so we're looking for a shallow pullback in here so, um Here let me get to yeah, all right. So in here Like the strong move shallow pullback bidding up into these areas in here I liquidity got filled up in here bidding bidding up in here, uh, and then, um looking for the Uh, uh, these guys to curl back in the strong move again for that second impulse move Right, but what we're doing is leaning on all of this previously Okay That helps Here we're not leaning on much Right, we're just kind of identifying. Yeah, you know, we've got some trap traders. We have the potential for that move Uh, it is better to Uh, Wait and lean on the behavior of others to give you that that's that more Uh Consistent move that you're anticipating and looking for Okay, it it's it's like the wind that you're back. Uh, I I like to um Um Liking it to the um A team a sports team. Hey, there's a probably a million analogies you can come up with but Uh, just think of these as players, uh on your team Hey, like in here. Yeah, this is good strong move. We want to lean on those players We're looking for a pullback in here Uh, and then we're looking for a lot of buyers to come back in Is this pullback on low volume? Well, it is compared to this move right, uh, and Then we're you know, we want these elements within our setup here To help us That's why we're looking at them and uh These are like again like players on our team When we have these players on our team. It is more likely to unfold Okay in our direction just think about if you're on a basketball team and uh, you you get a good player Who joins your you're playing a pickup game someplace at the local playground And uh, yeah, you're doing all right, but uh, a new guy comes on the team Uh, and and he's he's a great player Well, now you can lean on him Right, and you're more likely To win now You get another guy like that and you're even more likely to win All right, so that's what we're doing in here with the setup Is leaning on previous order flow in here and this in here is not a whole lot to lean on Right, we're still looking for the move Uh, and and we're identifying trap volume, etc and going through that example in here. It's not a whole lot to lean on all right, so uh in fact, um Yeah, we came all the way back down and uh Uh have not traded below this swing here, but uh, this is where that that bigger impulsive move kind of Well, it really started I guess you can say it started here, but we really see it pick up here Okay, now we've gone below that area a few times now All right All right, so let's take a look at this now. So we do have still this impulse move here Uh, which is strong Uh, we have a very convoluted pullback in here Uh, but now look at this Here's our here's our sellers Now we're looking again for that same idea in here. We're looking for our big green dot in here Looking for them to bid up in the book here. They are Okay, these sellers can be trapped in here All right, so now do we see that large volume dot in here is the question And not yet Hey, the book is looking better and better in here. Look at this Bidding up underneath like this They also are also offering lower in here, but uh, now this is looking pretty strong in here Okay, so we want to see now these these uh, these big buyers come in here And we've got we do have some trap volume in here. It's even better than before Okay, so We're we're actually kind of hacking the setup in here and looking for these elements in here Uh, identifying the trap uh traders and developing scenarios, right? So the scenario actually looks pretty good in here. This is it's a different setup Okay, completely But what we're looking for is trap traders and we're looking for buying momentum to initiate Uh the move uh and break out. We don't have the first impulse move and then a pullback We're we're trying to gauge which is much harder. Uh, we're trying to gauge the first impulse move And it's not really too clear right now, but we're we're looking for that setup And this is more like a breakout trade And here here we go. Here's some liquidity here. Do we get our big buyers starting to all right buyers? Let's see you lift it now. Now. Here's here's the trick though Is this worth putting money on? No, I don't I think it looks pretty good Uh, however, this is what you need to do is you need to go back and study and find out this setup In here for yourself Okay, and then how often does it work out? How do you manage your risk? What is the best way to manage your risk? Where do you take some off? All right, because these can be tricky in here on that first impulse move and that breakout Hey taking some off is a good idea On those Hey top, you know tight stops. There's a good idea on some of those Kenji good morning. You also think of the participants as team members. Yeah. Yeah, but instead of quarterback and defense or goalies You think of them in terms of My moving average guys There's a there's the trend line guys and the order flow guys. Yeah. Yeah. Yeah, exactly Exactly. Well, that you you want them on your side. That's really the key and then you get them on your side and It is so much more likely to work out Yeah, so see see how like you're kind of taking potshots at this in here And it is not worth getting stubborn in here Like take the small stop Right, we're looking for it in here tight stop. You're stopped out Right. You you had you had certain things that you're looking for in here and we're looking for it to These buyers to start to move it. Okay, didn't work out Okay, uh now look at it again in here Okay, again, it's it's still setting up still possible We have all of this selling in here that is still in it and waiting to get stopped out Okay, again, I'm I would be looking again in here Okay buyers order book And let's see it buyers Yeah, I don't think it's worth worth putting putting risk on Um Unless I see that big big green dot in here It's auctioning. There we go Let's see it. Okay. All right. I see some sellers in here as well. I like this even more now All right, so I'm looking for buyer the green dot up here at around 97 Okay, there it is Let's see it buyers looking for the move now up to 4400. So it's three points Okay, stop would be down here now again. This is not a trade recommendation Okay tight stop because I don't know yet I'm I'm kind of you know shooting in the in the dark a little bit in here I've I've only identified The consolidation and the potential trap here. That's it Right, so it's not a whole lot to lean on Right, that's why I brought up the whole this whole conversation about leaning on stuff Uh, and now I'm looking for these guys to initiate that powerful move to the upside Good morning. H. E. Do you mission any order flow events? Um, well, yeah, we uh, we were talking about momentum identifying strong moves in here and then uh You know how to how to manage some of those uh Like grinding moves in here and getting in and managing your risk We really talked about kind of breaking down these these bigger moves in here uh, and understanding some of the Suttler subtler details in the order flow in these strong impulse moves. Okay, and what we're looking for um, and uh That that's really been the heart of this of this webinar uh, and and going through this, uh And I and identifying it was uh with rob We're identifying the these kinds of details in here. Look at this exhaustion here, for example Trading into they're pulling in here after trading into a bit Uh, and you see more buyers in here looking for the next level and next level Of liquidity again exhaustion in here buyers start to curl back in again I mean, there's so many kind of subtle details that we've covered in here for a long time Uh, and then I'm I'm suggesting to just Keep it really simple and just look for these these moves in here and identifying those elements Okay, and that's part of the book map academy as well Uh, so if you guys are interested in that, uh, this is we're having a meeting, uh next Uh, I'm sorry, um on this thursday Okay at the at the market close And we'll go over and do some trade reviews, etc Uh, and um Let me show you where it is It's this page here. I'll put it into the chat for you Uh, and uh, if you're interested you can uh Join the academy and come to the meeting, uh, it's um I read through it in here, uh, what what you get and what we're willing to give you We we can actually we're willing to give you a global plus for free if you make your quotas Uh, and uh, journalize your content in specific ways well Quality content and uh, uh and and make a certain quota Right, so uh And if you can do that then we're willing to uh Help you Uh and and give you book map All right. Now. Let's let's let's take a look at this. We're looking for that really really strong move in here, right? Well, we didn't get it Right. Everything's kind of really just kind of slowed down in here Uh and uh moving kind of like molasses in here We do see the buying in here and the buying interest Uh, but they they all they did was bring it back up to this swing here Well, again, we're still looking for The potential here that there's our trap sellers looking for buyers back up above it and the continuation of the move right Okay, so let's let's suppose we we were mentioning about getting involved in here someplace, right? Maybe here would be the place and your stop would be here. You'd still be in this Okay, and this is looking even better now Right still looking for those buyers to take it up to 44 and then 02 Right. It's just not really that great though. Uh, we're still looking for it Uh, but like I said, these are a little harder to uh Lean on because we don't have as many pieces here to lean on you just have the the uh Basically, uh, we can look at absorption exhaustion Uh, and we can look at the traps in here and we can start to target other sides of the range in here All right, so anyway, if you guys are interested in that, um, oh, there's another tool in here, uh, uh h e that Is it I have it here Shoot Another tool that we can give to you guys from the academy. Uh, and in fact you can even import um What it is you want Uh in here Let me try that again Yeah, yeah, that's it. Okay. So, uh, and this is your your setups list in here You can grade your trade and and look for it to work out or not Right. Uh, this is a an idea to to look for that flag pattern for example Hey identifying trapped uh traders and and developing scenarios Now what we were looking for in this in here was again that we're looking for that first impulse move which we never got It all is done as chopped around in here We're looking for this steep and we're trying to capture the steep large price move Uh, the only thing we had on our side was this Okay, so this is why like the flag pattern. That's why we covered it for the first strategy in the Learning center as we want these all on our side if we can get four different points here on our side It is much more likely to continue That's why we can look at entry in here and those buyers start to curl back in above the sellers And the move higher right instead of being caught in here in the in the uh This chop back and forth Okay, again same same things are happening again though. I mean you can see it Right. Here's our trap Here's our trap Hey, did we get the buyers up in here though? Not really it exhausted here for sure Okay, looking good though buyers coming in yet again Still looking for a move back up to the top of the range Hey, you can even trade it to the top of the range in here Uh, we've talked about that many times Once they start to come back in Look for the top of the range takes them off look for the continuation Okay, so still looking pretty good Uh, this the same setup has happened multiple times over we talked about it over in here Here was this was that larger player came in and moved that market still looking for it Still looking for it And then this looks pretty good in here as well after this move down and buyers back up above it looking for it And it's just been choppy, right? So we're trying to catch something that's kind of difficult This is where uh, you know, we'll come up with a range bound strategy. That's my next uh, next one in here in the order flow Uh, and we a traps is going to be a big part of it as well And uh, look for those traps in a range Right and then look for those buyers to curl back in it's going to be kind of similar and all of them are going to be kind of similar Uh, we'll just have uh different pieces to look for over here to look for that range round trade okay so Slowdown has a great one Uh, he's looking for these wyckhoff springs Basically this here for these buyers to curl back in He's looking for taking to the top of the range and taking some off But it is the move below the swing In here that he's looking for And he's looking for that trap or that that uh stop run here Okay, so you can see that this is working out I'm still looking for them to break it here 99 4400 020102 Now we can also look at If this does start to pan out we can look for some measured moves in here And So we'd be looking for something like this Okay, oh one looks pretty good then right? This is a a great this this actually here is one of the things I do want to cover In upcoming strategies is see how we're still in the um This is starting to work out pretty nicely here still still looking for it to work out I I know I I see the book flip in here and Uh But uh I'm still looking for the buyers to to finally just take this sellers to get out of the way. There we go There's a book flip in there.  Um, no one of the nice things in here is once you start to identify Uh in a range one of the things well, I'll cover it in a strategy like I said um Is the um the dip below this is inside the range in here. Let me let me just quickly cover this here Okay, one of the things to look for uh is you have a range here right a pretty big range Let's just go to here You have another one in here. It made these kinds of there's a swing here right a few times Uh, you went below we see that we went below the swing and we have high liquidity down below that swing as well And we see the transactions take place here Okay, but the bigger range is still here So all it did was is is go below this swing in here And we're looking for those buyers to come in Hey, they come in here Uh, and then we're looking for the move back up to here and then the potential breakout Okay, so top of the range at that point Right because this little move here rejected below here And we see the buyers start to come back in Right, so this is essentially a stop run on a smaller range Here okay within the bigger range Uh, and then we're looking for that continuation. All right, so it's a detail Uh in here, uh, but uh, it's a good one. Uh, and we're looking for uh The the buyers start to come in and then and then top of the range and then continuation All right, does that make sense? All right, so uh, uh, this took a long while to play out. Uh, we're up at 4400. I'm still looking for it to continue Uh, our measured move would be up into about 4100 uh, 4401 Okay, so still looking for it to continue here. All right Now again in here This was not a whole lot to lean on in here. We kept on trying to lean on something in here Okay, so There's something to take away from that and there's our 4401, uh, and that would be my Partial take profit or maybe maybe I would uh, uh, take full I would have to take a look at the order flow at this time Okay Yeah, I still think it's worth holding uh, and and looking for higher here It would know we've got all of these sellers in here We've done the measured move, but we're we still have a lot of selling in here That is we're looking for that stop run And then we're just starting to get Okay, I'm looking for a bigger one back up above o2 basically All right, and we're going with the trend continuation here. All right, so five 10 we said 16 and and The 28 or something like that, right? Let's see Yeah, here's Here's 16 up here. I'm sorry I know it came. Oh, okay 14 And then up in here is 28 29. Yeah, this this swing up here So something like that Right continuation still unfolding here Look at the look at the the strong strong move in here over several days slight pullback Looking for continuation and it's happening on all time frames now right All right guys, let's see here. Um Let's let's wrap up, uh, and uh You can If you're if you want to come to the uh, uh book map academy meeting, uh, then Yep, you might want to sign up for the academy And also you can request to get this new tool in here for the Checklist Okay, which I think you might find helpful All right, we'll continue to go over it more and more uh as we uh Uh develop more and more of these strategies in here All right All right, let me see. I think I've gotten through all the questions in here Sweeps and absorption. Yeah, I can go through that tk. I'm sorry. I did not um I have in the past. I I spent a lot more time on momentum in here Uh, and then actually I think Kind of wasted a lot of time in here on this looking for an impulse move, which we finally got, right? Uh, but um Anyway, um the the crux of the the webinar in here is Um And the main thrust of it is is understanding impulse moves strong moves was behind them and uh identifying the details in here because uh This will serve us well For a long time to come it always identify like Who's who's in control of the market and the subtleties within it here in the order flow No stops and icebergs on tesla on shul because uh, uh the stocks Uh market does not open. Uh, I'm sorry offer Market by order data Okay All right guys, uh that wraps it up. Uh, so We'll meet on Thursday at the market close And then uh, we will uh, uh, I'll see you on friday for the webinar at the same time here Okay, thanks for coming everybody. If you like this, please hit the like button And we'll um continue on with um more education The next time Okay, thanks for coming and we'll see you on thursday or on friday. Okay. Bye


Hello and welcome to the session. In this session we will learn about amount or future value of an NUD. Now the amount or future value of an NUD is the sum of the compound amounts of all the payments accumulated at the end of the term. Now let capital A denotes the future amount of an NUD and let A dollars be the annual payment of each installment of an NUD of N periods and R percent be the rate of interest per period and R denotes the interest. One dollar for the same period therefore R is equal to R upon 100. Now let us discuss the amount or future value of an NUD in case of NUD due. Now in case of an NUD due the payments are made at the beginning of each payment period. Now suppose two payments made for N periods the first payment the second payment is interest for minus one the whole period, interest for one period. Now we can find out the amount by using this formula which we are using in case of the compound interest. Now here as I is equal to R upon 100 so the amount can be calculated by using the formula P into 1 plus I the whole raised to power N where P is the principle for each period. Now here in case of NUD due the first payment earns an interest for N periods that is in this case the payments are made at the beginning of each payment period. So this payment that is at the beginning of the first period will earn an interest for N periods so the first payment amounts to N into 1 plus I whole raised to power N. Now the second payment that is at the end of the first period and at the beginning of the second period will earn interest for N minus one periods. So the second payment amount to N into 1 plus I whole raised to power N minus one. Now the third payment will earn interest for periods so the third payment amounts to 1 plus I whole raised to power N minus two and continuing likewise will be made to periods that is at the beginning of the Nth period and the Nth payment amounts to into 1 plus I the whole. That is interest for one periods only. Now the sum adds the amount of the NUD that is the future amount of the NUD which is denoted by capital A. Therefore the amount NUD that is capital A is equal to A into 1 plus I whole raised to power N plus A into 1 plus I whole raised to power N minus one plus so on up to plus A into 1 plus I the whole. Now this is equal to taking A into 1 plus I the whole common from all these terms it will be A into 1 plus I the whole into 1 plus I this whole raised to power N minus one plus 1 plus I this whole raised to power N minus two plus so on up to plus 1 plus I the whole plus one and this complete whole. Now in the geometric progression the sum of the N terms that is fN is equal to A into R raised to power N minus one the whole will upon R minus one where R is written in one. Now this is also a geometric progression where 1 plus I the whole and A is equal to one. So by using this formula this will be equal to A into 1 plus I the whole into 1 plus I N minus one whole upon 1 plus I the whole minus one this complete whole which is equal to 1 plus I the whole minus one this complete whole the whole future amount of the energy which is denoted by capital N denotes the last payment made after N minus one periods and the accumulation money is received after N periods in the case of record deposits in a bank. The future amount of the energy in case of immediate energy. Now in this case the payments are made at the end of each payment period therefore at the end of first interest for N minus one the whole the whole periods that is A will on an interest for N minus one periods into 1 plus I the whole raised to power N minus one. Now the second installment will earn an interest for N minus two periods into one plus I whole raised to power N minus two. The third installment for N minus three the last installment the interest since its payment is made at the end of the term so it will remain the compound amount since will give us the future amount of the energy. Therefore the amount the energy which we have denoted as capital A is equal to A into one plus I the whole raised to power N minus one plus A into one plus I whole raised to power N minus two plus so on up to plus A into one plus I the whole plus A into one plus I whole raised to power zero. Now here as one plus I whole raised to power zero will be one A common two equal to A into one plus I whole raised to power N minus one plus one plus I whole raised to power N minus two up to plus one plus I the whole. Now again using the formula but finding out the sum up to N terms that is S N in a geometric progression where R is given as this will be equal to A into one into one plus I the whole raised to power N minus one and this computer and the whole minus one. And this complete whole is one plus I the whole. Now this is equal to into one plus I the whole raised to power N minus one and this complete whole. Now in case of immediate energy this is the future amount of the energy which is denoted by capital A. And here in this case N denotes the last element made after N periods as in the case of one taken from the bank. So in this session we have learnt about N F and N U T. And this completes our session. Hope you all have enjoyed the session.


Hello and welcome to NewsClick. We are going to take stock of the year 2018 with Paranjaya Guhatakurtha on what have been the most important issues that he sees for this year. Paranjaya, let us take first the issue of institutions, because we have seen a lot of institutional crisis from the court, to the CBI, to even the statistical organizations. Not to mention the Reserve Bank of India. Not to mention the Reserve Bank of India. How do you see as the major, shall we say, issues of confrontation with the government, if you will, and also the aftermath of this confrontation, and what does it bone for the future of these institutions themselves? Let us look at what has happened in the year that has gone by, which has never happened before. We have had different kinds of crises over the years in the judiciary. We have had judges being superseded. We have had all kinds of comments and allegations, but never before have we had a situation of the kind we had in January 2018. Four of the judges who were the senior most judges just after the Chief Justice of India addressed a media conference, a public conference. Judges don't talk to journalists while they're serving judges, and they pointedly criticized the then Chief Justice of India, Justice Deepak Mishra, saying the manner in which he was constituting the panels or the benches of judges as the master of the roster was objectionable. In fact, the argument was he was keeping the most controversial, controversial according to the government issues to his bench. And and and to judges who were perceived to be sympathetic to the ruling dispensation. Three of the judges, Justice Chela Mishra, Justice Madan Lokot, Justice Kurian Joseph have all retired, and Justice Ranjan Gogoi is the Chief Justice. And we've never had something like this before, it's unprecedented. So it was in fact a moment of crisis for the court itself because the Supreme Court has been also been under attack for shall we say the way it has conducted itself on various occasions, the kind of selections it has made, how much it has backed its own selections when the names have been returned. These are all matters which are festering with the Supreme Court, but this is a very unusual occurrence. Yes, you know in the past too there has been criticism of particular judgements. There have even been allegations of corruption against the judiciary. The question of how do judges select themselves? Who judges the judges? These are issues which have been debated and discussed at some length, but never before as what you would say are like a revolt played itself out in the open. That's how the year began and what a way to begin. Do you think that the Supreme Court has got over this crisis or it still remains? To some extent the crisis is not over perhaps. The judiciary especially the apex court is an institution where in which ordinary people have a lot of faith. Now it depends on which side you are arguing. You could say the so-called revolt of the four judges eroded the confidence of ordinary people in the judiciary. You could also argue that the faith of ordinary citizens had been getting eroded over the period of time which culminated in this kind of flashpoint. At one point of time people were wondering what would happen? Would the then Chief Justice of India Justice Deepak Mishra actually recommend the name of the next senior most judge to succeed him? But finally Justice Gogoi did indeed succeed him and time alone will tell to what extent ordinary citizens' faith in the judiciary remains more or less in that. There has been an erosion undoubtedly but hopefully not so badly eroded that it cannot be repaired. And compared to the other institutions and I would come to the shall be say the end of the year crisis of the CBI, the Central Bureau of Investigations called a caged parrot by the Supreme Court earlier. So what has happened to the caged parrot? Again unprecedented. Here is a police agency considered to be the premier investigating agency in India and it's an armed wing of the government. Absolutely. You know it's not just any other agency it's one of the armed wings of the state itself. Never before have you seen the two senior most police officials heading this agency first their fight out in the open trading allegations of corruption against each other. Never has this happened before. Finally in a amazing decision that took place after midnight both these two individuals were quote unquote suspended and another person put in charge and we really don't know finally whether Mr. Alok Verma who still officially the director of the CBI will be reinstated in his position before he formally retires at the end of January. Now what had happened was it also raised into the it raised questions about the manner in which these appointments were made. After the whole Vinit Narayan case we had the CBC the Central Vigilance Commissioner being the sort of a supervising authority over the CBI but that too and the manner in which the CBC acted raised more questions that provided answers. Also the fact that the you had the CBI head being sort of retired in advance or suspended or we could call it transferred whichever way language you want to use but without actually the Chief Justice who is supposed to be consulted on this matter is being also consulted. So the authority which appointed Verma the CBI director is not the body which took the decision to remove him and also it seems that the NSA Mr. Doval played a rather important role in the decision on which he has really no role. You know many have argued that perhaps Mr. Ajit Doval has become the most powerful individual of his kind. You know like once again let's- Should we call it an extra constitutional authority? That's a difficult difficult to say because all of this is under the surface nothing is out in the open unless you have some sort of a Nuremberg trial and you call Mr. Doval and he's interrogated we might never know the full truth but the point is let's understand they've been very very powerful national security advisors. Mr. Brijesh Mishra combined in him I mean he was both the principal secretary and the national security advisor in the past two there have been differences of opinion between the director of the CBI and others there have been allegations against both remember this is also the first time in the history of this country that two former directors of the CBI are being investigated by the same agency they headed. So yes there have been allegations of corruption there been all kinds of allegations but never have these differences never have been allegations been out in the open. In this way. In this manner you've had senior officials of the enforcement directorate raising allegations about the finance secretary you know the enforcement director being described as an extortion directorate in a petition in in a court petition by a former DIG who's been transferred from the CBI. So whereas differences of opinion rivalries, factionalism within these agencies have existed. Including leaks. But never before is it so upfront out in the open. What is I'd like to just draw your attention to one more thing Astana had six cases against him earlier. Now there's supposed to be only one. But he has only one and the the what what is that biotech Sterling biotech. Sterling biotech seems to have disappeared out of this lot of cases and there are people who's supposed to have disappeared from India with about 30,000 crores going to the banks. You're talking about Sterling biotech one of the notable features with the way in which 2018 began was the biggest ever bank fraud of its kind involving the Punjab National Bank with with diamond dealers like Nirav Modi and Mehul Choksi. Again you know this is unprecedented. You've had bank frauds before. But this time it was being investigated by the CBI. Mr Astana had been sort of put under the lens because of his daughter's marriage, the bills that Sterling biotech owners seem to have been footing. And the fact that suddenly he once once all this is over he ups and takes goes out of India with 30,000 crores owing to the banks. Absolutely and you look at that it started sometime ago with Lalit Modi and Vijay Malia becoming absconded. You add to that list the big diamond traders. This is one of the cases against Mr Astana and that's no longer in the list currently. We don't know what's happened to these cases but on this whole issue of Mehul Choksi, Nirav Modi and Jatin Mehta. Again you talk about non-performing assets. Windsome diamonds also known as Suresh diamonds is one of the biggest has owed a huge amount of money to the public sector banks and banks in general. And all these three individuals some of them are in London. Somebody has become a residence of Barbados. Somebody else has become a citizen of St. Kitts and Nevis. The short point is they're not in this country and they're unlikely to return in a hurry. Even as the government has raised the hue and cry and made a big deal out of trying to extradite Malia. Yes my schoolmate Mr Malia and hoping that he'll be able to come by but I don't know whether he they'll be successful in this endeavor. Yeah anyway it looks like the judicial process is not going to be that quick but at least in the case of Malia they have apparently made a reasonably good case in the court. But if we look at this particular CBI issue it still remains a open sore and we don't see a closure like the Supreme Court at least it tidied over. This doesn't seem to have tidied over. No nothing yes we don't see any closure yet far from it. We see only ongoing the crisis the crisis seems to be only ongoing. Coming back to the other institution. Other was the major tension shall we say with the reserve bank and it seems to have been on two counts. One is taking out the regulatory powers of the reserve bank on issues which are what would be called the digital fintech companies financial companies which operate with really apps and other things. So essentially trying to take those transactions of the regulatory powers for those areas out of the reserve bank perfume on which Viral Acharya had come out with open statement saying its money reserve bank deals with money therefore you have to have only one regulator. The second as we discovered later was with respect to the reserves that the reserve bank has and therefore asking that a significant part of the reserves be given to the government for its financial year which of course is also the lecture year. So do you think that the reserve bank crisis which led finally to the resignation of the reserve bank governor. This again is unprecedented. Reserve bank governors may have resigned early but not in this kind of crisis. Never before since the case of during Pandit Nehru's time when T.T. Krishnamachali was the finance minister, Benegal Raman Rao had quit the post of the governor of the reserve bank of India. The first time since then and T.T.K. Krishnamachali was a big crisis later as you remember. That was the Mundra Haridas Mundra crisis but I am saying before that happened and Nehru stood by his finance minister rather than the governor of the reserve bank of India. There have been differences galore between finance ministers and reserve bank governors but never before have we seen this kind of a what should I say this kind of a difference of opinion playing itself out. Now what is very very significant like Mr. Lok Balmah who was appointed by the government he was an appointee of the I mean he was appointed by the appointments committee of the cabinet so too was the governor of the reserve bank of India. Both took place under the Modi regime. More than two years ago before demonetization Dr. Urjit Patel had replaced Dr. Raghuram Rajan as the head of India's central bank and apex monetary authority. Now interestingly he suddenly put in his papers a little before the outcome of the assembly elections the assembly elections we can discuss that on the 11th of December. After the votes were cast but before the decisions over and above the points of friction that you mentioned one was about you know the payments issues of who regulates digital payments and the second issue was how are the reserves of the reserve bank of India to be used by the government how much should be given two important points should be noted. There were sharp differences of opinion between the reserve bank of India the country's central bank and apex monetary authority and the government of India the ministry of finance on issues of the prompt corrective action on banks particularly public sector banks not only there the declaration of financially stressed assets as non-performing assets so that there those issues can be resolved under the insolvency and bankruptcy code by the national company law tribunal among them were major power companies including the company set up by Adani, Ambani, SR etc etc etc but wait absolutely but let's again look at something else. Dr. Urjit Patel replaced Dr. Raghuram Rajan soon after he became the governor we had demonetization and then he was perceived to be a person who supported the government wholeheartedly on a very very controversial highly disruptive decision which Raghuram Rajan had opposed in his term as governor. Absolutely and not only that I'm here drawing a parallel between Alok Varma and Dr. Patel, Dr. Urjit Patel both were government appointees appointed by the appointments committee of the camp both were perceived to be rightly or wrongly they would be quote unquote loyal quote unquote subservient to the Narendra Modi government and we found both in their own way thought that enough is enough never before as I said something like this has happened and today the gentleman who has replaced Dr. Urjit Patel he was the face of demonetization he as the in the finance ministry was the person who kind of supported demonetization as is the person who replaced who is who who replaced Dr. Arun Subramaniam as the chief economic advisor and is currently the new CEA. So these critical appointments which were always you know you had this facade of these organizations being autonomous and independent but there were always political appointees but I never before I can argue has the appointments been made in such a contentious and prison manner. Well Mr. Shaktikanth Das part of being in the IS senior IS of officer before he retired was also a main history and some somebody has quipped that I hope that he will not make RBI also history. So we can hope that all these institutions whether it be the Supreme Court of India whether it be Central Bureau of Investigation and the Reserve Bank of India would be resilient enough to withstand the shocks and the turbulence that has they've had that has been inflicted on these institutions I should say I'm really hopeful because these are institutions their individuals come and go governments come and go but these are very very critical institutions and the more ordinary citizens lose their faith in these institutions the worse it is for every person in this country. You know Dr. Pranab said came on to news click as you know for a discussion on the Central Statistical Organization and he made a very important point he said you know you can have policies which the government makes but the evidence must be independent that should not be informed by the government's policies because if the evidence is also tainted that the policies have no meaning and CSO has also been shall we say also victim of the credibility crisis of the institutions because it's back series which it prepared seems to have been shall we say how do I phrase it? Doctored in a way to show UPS growth is lower than NDA otherwise it doesn't make any sense if you take all other economic data into account and also what Professor Dr. Mandal had done that he had prepared a back series for the GDP once that you have a change of method of computing GDP which showed what would be expected from other economic indicators do you think this is also another blow to institutional crisis that we see under the current regime? Undoubtedly. One more institution has been undermined as you rightly pointed out as Dr. Pranab and rightly pointed out every political party will take certain decisions you will slice and dice the data when cherry pick what suits you to arrive at to justify whatever policy you have but the data itself you know we know that calculation of gross domestic product they are imperfect it based on sampling techniques based on extrapolation based on a whole lot of assumptions you make you change the methodology of calculating these numbers then when people asked for the back series you appointed a committee and then you start nitpicking and then you have the NETI IO which has replaced the planning commission together with the central statistics office which finally releases this data ostensibly to show that the performance or in terms of the rate of growth of GDP the current regime the Narendra Modi government's performance is better I mean again I feel sad as a citizen of this country to acknowledge never before have data evidence been so presently been sought to be manipulated for narrow political gains handmade in of everyday politics you know last question I have a few because we can go on for the year much longer do you think that all of this finally the test is what the people feel that all of this whatever you may do with the data whatever the institutions may say ultimately it is a people who speak do you think this elections the mini general elections which people have called in the semifinal five states out of which three are the Hindi speaking states and as you know BJP won most of its two 82 seats from the Hindi heartland and this three states which went were all controlled by the BJP we went to the polls were all controlled by the BJP do you think people have spoken their mind about the kind of institutional crisis which has been imposed in the country and of course on the livelihoods the farmers crisis all of these issues for which data is sought to be doctored but the reality is there in front of the people the Indian voter she surprises us every time however much we like to personalize politics Modi Banam Rahul Gandhi or what Modi was in 2013-14 and where Modi is today the short point is I think the issues that resonated the issues that mattered most to ordinary voters and ordinary citizens the crisis in rural India the agrarian crisis the farm crisis too the inability to create jobs for young people and the impact that decisions like demonetization has had on the economy I think these are among the very very important issues that mattered and I can add one more the attempt that has been made to divide this country along religious lines I think there is a section of ordinary voters who are seeing through this game by political parties and politicians and for them when they vote they make a clear choice you know we can rationalize and we can say you know politics is a choice between the lesser equals all politicians are the same all parties are the same typical middle class reaction I know but the ordinary voter she knows he knows that some things will not change but still they vote for change and I think the coming four months are going to be very very very very crucial perhaps even more turbulent than much of 2018 has been with the earth kumbing sought to be converted into a maha kumb how much religion can play is a question how much hatred can play is a question Yogi Adityanath too sir is now talking about development I well development of what we don't know yes as we saw non-productive asset like statues statues I mean if you want to have a statue bigger than the statue of Sardar Vallabhbhai Patel which is in Gujarat in Ayodhya or Fezabad will that make a difference the changing of names more and more people asking where are the good times more and more people are saying what happened to all the black money that you were supposed to bring from abroad then you described it as chunami jumla people are asking this question where are the jobs that you promised us instead of that you had a botched up way in which you implemented the goods and services tax you disrupted the economy by demonetization hurting the weakest sections of the population the women senior citizen the children who are dependent on women daily wage laborers small shopkeepers and traders farmers who still bore with it in the belief that jobs would come but it didn't I think it's boomerang I think in the coming months we will know and when elections take place in April May assuming they will take place as per schedule the 17th general elections we will see what will happen but I have a feeling and my instinct tells me that what happened in 2014 and what will happen in 2019 would be very different for the first time in 2014 the party which got a majority in the Lok Sabha the lower house of parliament with 282 seats got 31.4% of the vote but 90% of all the votes that the BJP got were stacked in 60% of the Lok Sabha constituency that means in out of 5143 in 299 90% of all the votes that the BJP got were there and the remaining 10% was scattered over 40% of the constituencies this is what Praveen Chakravarty of the congress describes as a black swan moment on ethologies always thought all swans were white until they actually saw a black swan can this happen again it seems most unlikely will once again 2019 be fought on personalities rather than issues can 2014 became akin to a American style presidential election that was Trump versus Clinton this was Modi versus Rahul will that happen again or will issues issues like joblessness the agrarian crisis the the undermining of institutions matter I would like to believe the second will matter more but time alone can tell Praveen thank you very much for being with us let's hope that this does not become a matter of personalities but a matter of politics political issues and this is what the parliamentary system is supposed to be unlike a presidential system tends to personalize the election very happy new year to you Praveen and to news to New Slick and our viewers this is all the time we have today we'll come back next year again for our years roundup so this is goodbye to 2018 and the beginning of 2019 hopefully a better year