Good morning traders and welcome to the book map crypto competition Recap here. We just ended it this morning a couple hours ago and let's petition let's dive in here and Go over a bunch of different things about the event and You know hope hope to share some screenshots with others and get into maybe some Debriefing of trading analysis, etc So anyway the general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered Specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results. Alright, so let's let's jump in here and You know well, congratulations first off for those that let's go to the leaderboard here hold on Hey, and Hold on. Let's Refresh it here. I and then scroll down a bit And here's our leaderboard Juan was in the head early on remained in the lead and You know, we will announce the You know final finalize the winner tomorrow So that will be released, but Juan looks like he's clearing away the the winner here and then We have a few other guys underneath a a dress Felipe dark trader, etc. So Anyway, we'll Review or cover that tomorrow. Anyway, you know Congratulations to everybody great great effort here and Hope people enjoyed it and had a lot of fun in here. So Anyway, if there's any kind of feedback or questions that you have, you know, please let me know and we'll I'm here to answer your questions We can have an open mic in here if you want in discord And if you if you guys just hit me up in the bookmap trading competition, right? Discord chat room Okay, and let me take a look over here There we go. All right. So there we go Dan.  So Pretty pretty amazing Results there by Juan for sure All right, so, you know, I just want to debrief on this and and you know talk about these markets a bit You know these crypto markets They do all markets trade Rather the same way You know, it's it's it's the same way that markets have always traded thousands of years ago it really It's just The technology has changed along the way But it's supply and demand it is an auction process And those that want to buy and those that want to sell Those that are willing to pay higher prices To speculate or whomever the players might be the different players in different markets have different agendas so anyway There's a rhythm or a rhyme to The way markets trade it's right in front of us here in book map right in front of us And you know, I'd love to get your guys feedback on this because this I think has tremendous value For traders looking at book map here.  Look at it. Where is supply? Okay Cisco to rectangle it is clearly up here the heat map is showing that Where is demand? It is clear. There is no debating it. It is down here It's in this area here and this line of liquidity down here Okay, look what unfolded The markets traded up to this supply up here Traded into some of it and then it's the other side of the the equation here in the auction process We have the the buyers here the aggressors. These are the people here with the liquidity providing orders at these areas advertising or Soliciting basically and saying like I am a seller if you want to deal with me I will sell to you up here But up here at my price only they may or may not get filled in this case They kind of did you can see that what happened in the auction here is there's high liquidity in here on three different price levels So this is a lot of supply. Okay, even four up up in here so They traded into these guys in here and and they started you can see them start to pull some of that liquidity in this Little area in here. I can zoom into this area here and show you a little bit more detail See how like we can see in the heat map Pulled liquidity added back in You know and they're getting filled in here. We did not find more aggressive buyers willing To trade with these guys up in here and look at the behavior in the auction here, right? These players up here they want to get filled So what did they do it looks like to me they pulled their liquidity here and They added it down here Okay, now I'm speculating on that It's a little bit of speculation because they pulled here and then you know some seconds after that They they added here a minute or whatever it might be they added down here They ended up getting what they wanted if these are the same players now Sometimes we know it's the same player or we're 99.9 percent sure in this case I'm not really quite too sure, but I imagine so And they get filled in here No, the reason that I'm imagining so is because there's no direct link between when they pulled and when they added in here Right other times we can zoom in here, and I'll show you Very precisely in here that they added and pulled and the very specific player behavior in here In fact, this is something I want to cover in the crypto markets that you see all the time That this some of these players in here. It's an algo, of course And this is the same player it is it is not there's no Not much of a question or an argument to be made that this is not the same player high liquidity here Right in here pulled Added one tick lower, right? I mean aggressive as this liquidity can be this is they're not the aggressor They cannot make price move, but they can certainly influence the price movement and they can stop the price movement all right, so And you can see the behavior in here why it's aggressive because it's on the best offer You can't do any better than that as a seller here Providing liquidity that is as aggressive as you can get and it's high liquidity here. Okay, it is 38 or almost 39 coins here They pulled here and added lower after this price gap down and moved Okay, here is the gap now we're getting into kind of We're not even sub-second level so this isn't even microstructure To be clear on the definition of what microstructure is so when you hear microstructure just just note that Microstructure is when you get into sub-second levels and we are not even at sub-second levels here. All right, so you can see the the aggressive sellers come in here and They they push the market down lower Immediately after that push here and you can see the fluctuation of liquidity in here in the heat map If I hover over here, we have on the ass 39 and 11 point 11 35 6 3 33 74 so the color is showing that they're pulling some of it and then they added it back in here back to 37 97 Then we found sellers and they move the market lower a Second later after the best bid and offer update here You can see that that we have a price gap. Okay.  This is this is how markets work. The mechanics are right here in front of us and And we have more that behavior in here and we're finding sellers after sellers after sellers Okay, so I would be looking for in this case for maybe to fill down into these areas down here Okay, and let's see. Well at a certain point they gave up and They pulled here and we found buyers. Okay, so we didn't make it down here And then we found some buyers And then they're starting to a little bit of a push on the other side here underneath on the best bid But not not much to speak of Not until we get here Okay, and then we have a little bit of back and forth in here All right, a little bit of volatility in here on the bid on the offer And and you can really get caught up in this kind of stuff if you're trading at a really low time frame So that's where You know, there's something's gonna happen here And in fact what happened was it came right back up to this very high liquidity up here on 39 All right So I just want to get into the details here to show you about the order book on the very small time frames and We're gonna extrapolate that and look at the very high time frames That's how we started this webinar off So these players up here likely pulled and added lower They got filled as soon as they got filled we found aggressive sellers Where did the sellers take take the market? Down to where the buyers are down here. Hey, we're not making this stuff up It's here on the chart in front of us This is how book map can be helpful on the low time frame and on the high time frame Okay, so anyway, I was hoping that a lot of you guys Had some imagery to to share in here And I don't see many posts in here See, I think the the winner here actually showed something Well, I'm not gonna claim him as the winner yet So sorry about that slip But look at this is what one had posted Okay, and you can see he's short in here All right, and then look at the move back down into here Right, and he sees it kind of an there's an order book In balance in here Shorted in here and price move back down into here Okay, now I'm I would be very curious at this moment what he you know, what his behavior was he traded a lot Right, so this went down Well, I don't know exactly how much it went down, but it definitely went down nine dollars nine point something right and Somewhere around there So yeah, he gained nine dollars. I don't know if he took his profit. Well, he hadn't taken it yet Or maybe he covered here I don't really know. I just know that there is a cell here And look in the look at the kind of fluctuation in here still pushing this algo here And then it pulls and then flips on the other side. This is like a book flip in here Okay, add a level of importance on this time frame high liquidity on the bid here and here It found an aggressor and then this guy this algo here Pulled the liquidity and looks like I'm not sure. Don't think it added it higher here. I think this is this is the algo here that just moved it up Okay, this algo here is is Reacting to it basically and moved its liquidity back up here All right, so In this moment here, I would you know, we're looking we can look at the live market and cover this And and look for these these details here if you're interested in scalping at these levels Okay, what we saw in this competition and the debriefing here is excellent We see all people on all different time frames trading some traded heavily and like Juan here others traded very lightly and only had like You know tens of contracts That they they traded over the few days Okay, and and they're just totally different time frames And different strategies and looking at the market. Okay, but the supply and demand in balances And the the relationship in context to the aggressor is what matters And in this case here, I would be looking for the aggressors to hop in here and trade it back up to maybe here All right, so and that would be top of the range Anyway, good stuff to go over and then this here is the same thing here on the high time frame The move down into this liquidity and then the move right back up to it and actually through it And then this actually failed here. Hey, it traded up to this liquidity up here And then these these traders here are no longer Yeah, we don't see anyone flip in the in the order book for sure We find the sellers and this is classic auction market theory here Hey, this is where the supply was this is the swing. This is the breakout move here And this is the rejection of the breakout. Okay, so we see breakout moves all the time Some of them are sustained and price Is able to accept higher and then many times it isn't In this case it wasn't it failed Right, and then it's traded right back down into liquidity here and look at the current market now Okay, we have another imbalance in here Okay, we have people on the on the demand on the on the offer in these areas here Okay, so it looks good again for when we found some aggressors here All right, so we look for it to trade back up into the swings or high liquidity Okay, until we see something else in the order book. All right, so here we go again Got that high liquidity very high liquidity on this time frame Five minutes between each vertical dotted line So we look for these aggressors here to try to trade it up This might be a good stopping point here or maybe the swing up here Right, so what what happened here? Well, this is this is what happened. It just happened now The sellers actually took that That trade they took these guys on Okay, so now we're trading down to this liquidity Okay, and let's let's watch the behavior in here Okay, so Do we find enough sellers to reach down here? No, we don't so I'm I am watching now for it We're gonna go through some scenarios in here Okay, and and we're gonna look for what might happen up here So up here We have buyers in here. These buyers are right now trapped. So they They might be squeezed into this area down here. Look at the liquidity the large lot tracker 488 Bitcoin here one one trader. Okay, so now we're up. We're back up here Looking for that imbalance. There's our imbalance now watch look for the aggressor and look for the move higher Okay, and then start to look for where it might go here okay Well, we found the aggressor and Did these guys trade see here? So they traded right back down and this guy pulled so this this is being gamed here the moment But i'm still waiting and watching for this. It still looks good to me. Okay, now they're back in again And they're going to give it another go here Still looking for the move higher Okay, we have an order book in balance and we have the aggressors on our side And looking for the move higher Any questions on that? You want to take a look at gold? Yeah, what we you know, I I even added it here today Uh, so I'm going to wait for a good break and we'll cover gold Uh, I don't want to disrupt this uh debriefing at the moment. We're on a pretty good pretty good role here But uh, yeah, thanks, uh, louise appreciate that comment that Yeah, we'll we'll take a look at it, but we'll look at it briefly and You know, we'll make the the same comparison. In fact, why don't I just do it now? All right, we'll just We're going to cover the same Things in here. We're still looking for for this to go higher and meet Uh, the supply on the other side here Okay, until we see something different All right, so that's what we see in these markets right now if we zoom out on this time frame That's what we see so again your time frame and your risk management have to match in here Okay, so this is worked out pretty nicely, right? So and it's still going up So we're still looking for where it might go Now those of you who are like volume profile traders Or pattern traders, etc Great Look for something match this order book in balance with The way that you trade you have something on your side here You have another confluence and a major one a major one to look at here This is the high volume node that I am showing right here And I have more demand underneath and I'm finding aggressors I'm looking for them to move it away from this high volume node here Okay, and if you want to take take profit up here because you have another kind of node up here Or maybe up here because there's a very thin Volume up in here on this tail. Great. Just start to match it with liquidity You're going to have such higher probability Transactions and execution and profitability I imagine Right. I mean just look at it, right? So here we go that matches see these guys coming in up here at 640 perfect Okay, so that matches your way of trading volume profile Right. So there we go. Here's a nice move We're looking at right around 600 And it's up at 630. So it's a 30 30 dollar move so far Okay, now, you know depending on your time frame. Maybe that's not much Right, some people I'm sure We're looking at this on much much higher time frames and trading it Okay, we had fOMC On wednesday afternoon. I'm sure, you know, you guys saw the volatility in that um, so Anyway guys, please Put your images into the bookmap trading competition chat and Or whatever it is in in any kind of comments here Let's get some feedback going in here YouTube as well Right. What else did I want to cover? Yeah, okay. So let's let's take this understanding in here And let's look at gold Okay Gold is actually not a bad comparison Uh, and uh, here here we go. Look at this Okay, here's your supply and demand imbalance supply Demand Here's your aggressors. Here's your aggressors. Here's your aggressors. I'm looking for them to trade up to here So chat path. There you go Okay Pretty pretty simple stuff Okay now trading It it might be uh, uh, simple, but it's not easy. Uh, this is a quote from scott pulsini Okay, there's a lot of other kind of emotional things that go along with this Uh, when money is on the line, etc but Anyway, this is the analysis. This is what we're seeing And you you can't make this stuff up Okay, so it is it's captured on the chart And that's one of the beautiful things about book map. Uh, is it's all captured here. So if you start to understand this, um Uh, this can work for any markets here. Let's just zoom out very very similar. Look. Here's your supply. Here's your demand And now this market was a little bit different Uh, it traded into the supply here. It did not trade into the demand down here Okay, in fact now we're starting to see the imbalance here in the order book. Look at this on the now. They see how they're like adding higher here Uh, they pulled the liquidity here. So i'm still looking for it to go higher Okay, now that would be a breakout of this area here okay Another thing that you may have noted during the competition You'll note how sketchy it gets up at swings And you'll see supply and demand and balances and a lot of emotions even with the algos Uh, they're flaring back and forth and up in here Okay, but we're going with this imbalance And uh, this move to the upside until we see something different All right, we can zoom let's just zoom in here in gold Okay, so now zooming in I don't know about that actually look at look at the supply coming in here and look at the reaction up here Okay, so, uh, uh, there there actually is some supply in here Right on this time frame. All right, so I would probably read I could still stay with the position But i'm going to reduce some risk here. I would probably take some profit I would trade it on the way up here for a scalp And I would get out of some of this right now and I have my stop at break even that's how I'd manage it okay And then look for maybe we get the breakout here and then look for adding to that position later or taking your profit up here at 49 20 Okay, make sense Uh, if you see another imbalance in here and you start to see the reaction being sellers Then I would I would uh take my full profit here Okay, why hang on to it and get stopped out when uh, some the the chart is telling me something else Okay, so that that actually is You know starting to show up here So if I don't see some demand and aggressors in here right now Uh, maybe I'd look at this little swing here and have my stop right about here. See see them come in right now Okay, now here. This is what we want to read is the context here So we we found a few buyers Interested in this this trader here now they traded into him. Okay What's the reaction after that let's see if we get a flip of the book here of the order book Okay, start looking at starting to pull a little bit up here There's there's our demand coming in Now what's the reaction to that so you can still look for we're still looking for this to go higher here Okay, so we're still in this okay that one position we took some risk off here Uh with with the reasoning here, uh, we had our our reasons for uh taking some profit up here Okay, makes sense All right. Good. Let's go over to the uh crypto markets here. Uh, yeah, I I did um, Actually, I have something to show you in here. Uh, this is playing out really nicely here To the upside we had a pullback and now it's trading back up to the upside um This is after the competition. I I just wanted to demo this here for you exactly what i'm covering here Uh, and um This is turning out to be really really nice here. Um, let me see if I can find the the transaction here Shoot, I don't I don't know if I can There it is. Okay. This is the same idea in here Okay on a very very small time frame Okay, what did I do? I can't recall this. Um It's this here that I wanted to show though Maybe it maybe I got chopped up a little bit. There was I mean just in one tick or so in here Uh, and then uh, and then I saw this is what I saw though Okay, I have an imbalance and I have the reaction being buyers. Great. I'm looking for it to come up to here Uh, and then maybe up to here Okay, now I noted them pulling here And there's no reason to get out of this position. I'm still finding buyers And we're still seeing Uh supply charge up underneath here Okay, now we got the move back up in here Uh, and then I started to note that this was a quick move Uh, and then I started to see the sellers and an imbalance on the other side in here and I got out That's my trade All right now again, you know pretty quick scalp in here And this is this moves very very quickly, but I want to demo and and you guys to understand Uh, what this looks like in this process in here Okay, uh, one of the things that's I think really great about this competition Is that uh, we um, uh, we we you can see how these markets work, uh in crypto They they really display like especially early on like when crypto was just being introduced to the exchanges It was just amazing, uh to see because you you know, it wasn't $26,000. It was like, you know $5,000 or less. Uh, and uh You could see that exactly how the algos are working Right and how they make the market and push and pull the market with supply and demand imbalances All right It's great too because we've covered that education for a long long time uh, and uh It's nice to see this in the competition Uh, and to see like it confirmed by some of the high performers So we'll cover more of this in in the education Because it's really really great stuff. Uh, and uh, it's all here in book map All right Yeah, here it is again, right Now be careful there. See see there is there is a lot of back and forth in here So you'd have to reverse that now you're kind of looking for it. Maybe down to the bottom edge here Now down here about 38 or so Right and again why well is there is is gaming in this little like these little, uh structural This is why we cover structure. Okay. So this is what happened. It's moving, you know back and forth a lot This is typical In crypto, uh, so But uh, this is why You can look at these edges here, uh in market structure and why market structure is so important Okay, here's our structure Here's our structure Okay back and forth break back and forth and another break Watch this top edge in here Okay at 70 And then what if we can get a break of that Well, then we look for maybe up into here Okay, just just to begin with Anyway guys, let me close that up And uh, let's continue on here Uh next competition. Uh, good question. Not sure, uh when it is but uh Uh, this was our first one Uh, and uh, you know, there a lot there was some hiccups in there. Um, I got caught up in in some of that, uh as well And some of the back and forth, uh in in, uh With the simulator, but uh Anyway, that that's um You know our first one is just a couple days long. We're going to do many in the in the near future Okay, we have this as a new tool Um to trade all all sorts of markets Okay, not just crypto All right, let's see if we can get our break here now again This is going to be gamed up in here, right? You're going to see like, you know, a lot of emotion up here Even in the algorithmic behavior here And uh, especially I mean some, you know, market making now goes in here. You can see it already like aggressors have, uh Sold up here, uh and uh and and traded it back down to the middle And now it looks like we're going to come right back up though Uh, and uh, let's see in here And this is why you know, we've been talking about this in the es For a long time in here. Look look how you know, it's kind of dark underneath here. Well, not any more Look at look at this this player come in here the skew and the order book and the move higher Okay, right here Right before that Looks like the sellers can take it down to here pretty easily, right? There's nothing really in here See look at the even even the c o b uh column in here And then what what do we have here's our skew in the auction here right here Uh, and then we're looking for the move back up into here Okay, and there's our move right here. They just did it Hey, boom, you're done Right if that's the time frame you're trading Right now again, just zoom out if that's the time frame you're trading if it's not Well, look at your higher time frame in here Hey, so uh, we had the false breakout Down to the center poc basically or where there is a lot of trading activity And then we found demand in here and then that's when we were looking for a move back up Hey, and then uh, uh now the question is is it going to accept last time it rejected? Is it going to accept this time? That's what we're looking for No, no book maps not for scalping here at all. Uh, that's what i'm just saying right now. Look at the this higher time frame here All right, then this could also be for uh, you know, I have um, I don't know Four four hours of data in here to take a look at and book map more than that, you know, almost five hours or No, I have more than five hours. Uh, so Uh, you can make your decisions based off of something like this Okay, and you can hold for for several hours God even even days, uh, you want to look at a higher time frame chart Uh, I was showing the other day. We have our book map web Which you can log into Do that first hold on And then once you're logged in you can come up here and you have access to all of these once you're logged in So it's uh, it's beneficial to log in you'll get access to a lot more You can see all these just from our our multi book product, which is our book map data Hey, you have access to all of these in here Hey, so um You know, whatever ethereum bitcoin dot whatever it is you want to trade And let's just take a look at what we use for the competition was BTC usdt And then that will load here All right, and we you can have like one month of data in here. That's we're looking at one month in here right now and I was hoping for the uh, uh, some really big fireworks in here, uh, this this move up above into, uh This this area up in here And for it to fail and come back down, uh, maybe into these lower levels in here I was hoping we get some really big move in here We did not Uh, it's still kind of chopping around but um, I'm still actually looking for that to unfold on the higher time frames Hey, because again market structure Right same ideas Uh They made it up to here the buyers We have supply up here. They did not trade with it We found aggressors moving it away from that area So if they can come down here, which they have already I'm looking to see if we can get more sellers to break it and come back down to here. Okay That would be 25 000 somewhere around there All right See, is there any questions? Yeah, thanks dan, uh dan, uh posted in there the book map, uh, web Yeah, this was to book map data, uh, al-ouis We are the data provider All right guys, so here here we go now Let's take a look and let's just we can we can re-examine what's going on here in the order flow in many different ways Okay, we talked about higher time frames lower time frames We talked about really the market mechanics driving These moves in here But when you hear about these things in the in the trading books that you may have read or other materials that you see online or whatever it is like a double top pattern Okay, well what makes these patterns work Is is the uh the order flow, uh, where's the supply? Where's the demand? What's the reaction to it? seriously You can't you can't make it up. It's it here it is right here Supply demand Reactions to it Now question is up here I'm seeing a lot of sellers here Okay, buyers broke out of this little range here on some pretty good pretty good volume Okay, it failed up here again so far Uh, and uh now we're going to see it It just looks like a little bit of a battle back and forth in here, but I'm seeing a lot of sellers now Okay, so I would say so far based on what I see right here right now Make clear the drawings Uh, it doesn't look like it really wants to accept up here Maybe because all this selling now that may just be disrupted right up here actually right where we are Uh, and uh right around this 26 uh 650 And uh, see see if we get a supply and demand in balance and maybe a move back up to the high and we could get a breakout right So, uh, so anyway now we're talking about a pattern in here. We talked earlier about volume profiles And how you can use that with order flow as well Now we're talking about patterns We've got a double top Hey, is it gonna, um Fail or is this going to uh work out? All right, so we're gonna look at and understand the order flow around this critical area up here To see if this gonna fail or or if it's gonna break out Uh, I'm sorry the the double top pattern would be um a break a breakout would be a failure Okay for it to work out. It has to trade back down to here and then maybe down below I don't even know if I can call it a true double top, but uh anyway consolidation breakout retest Back up here again, and now we're looking for either to succeed or fail Okay, so there you go There's a there's another thing to look at and it's the order flow that's gonna tell us We can look at trend lines. Let's do let's take a look at that Oops not horizontal. I want to look at ray Okay, we can draw it off the bottom here. We can even draw another one that's a little more aggressive here Okay So here we go All right, we can even draw it on the other side Okay, a lot of you guys, uh, I learned this actually from a bank trader This is how he trades or many of the bank traders right now. This was during the 90s though. It's a little different um And they're just looking for uh breaks of the trend line Well, I shouldn't make it as simple as that but the I'm telling you the they were looking at And I learned a lot about fundamental analysis, uh from the bank traders So look at this up here. Look at that exhaustion sellers break Okay, so this would be your trend line a way of trading in here now. Let's take a look here All right, so it broke now it traded down to the low here Uh, this might be an area where you you get the break Right now you either you can move your stop down at this point Or maybe take some profit at this area here But let's take a look at the order book. I don't see any reason for taking profit by looking at the order book yet Okay, now now I do now I do right here Okay, just the book just kind of flipped right here Okay, see the flip All right, so take some profit take some We don't know if this is going to come back up to here and then continue Okay, so there and that's exactly what it's doing so far Okay, now that these are low time frames that we're talking about again, but on the higher time frame How would you look at this? Higher time frames easy or easier. Uh, you're still in it, right? I would still reduce some risk down here at the swing Uh, and then look even for more getting in more here, uh and trading it back down here Okay, now look at the order book guys. Look at the imbalances here. Okay. We're not making this stuff up Right, so you can apply this this uh to your trading Uh, I would just um recommend Uh to back test this and study these methods here and then start to trade them in demo like during these competitions to hone your strategies That's exactly what we're here for All right when in these competitions and there's our move beautiful move Okay, okay based off of two different things we looked at in here Well three we looked at volume profiles Uh, we looked at a double top Here this is actually your double top right here Okay, uh, I mean this is it here as well Uh, and then we have it again here then we looked at our trend lines Uh, and then we're what are we looking for what we saw up in here on the retest back up into here Not too many buyers So we're looking for sellers we got it Okay, and we're looking for order book imbalances as well. We have the imbalance here And pressing here Hey, we got the we got our trend line break and then we're looking for the continuation Back down into these lower areas here All right any questions Did anyone use a Liquidations indicator We covered it during the Some of the events for the competition All right, I you know down down in this area here. I on this time frame. I would take my profit Well, I look at the order book in here and then You know look for targets and and potential profit taking. Yeah, definitely. I would have taken it here for sure All right, I'd be out here Okay, why? Well, I have my my trend line Uh, this was my I'm looking for the test into the swing Uh, and then I'm seeing an order book imbalance on the other side. I'm out Okay on this time frame now Maybe it'll trade down into 600 here. That's okay. And that's actually where the swing is But uh, I'm reducing the risk here at the trend line Okay, if you're a trend line trader All right, if you're looking for the swings, maybe you got it up here short and you're still looking for 600 All right, no questions. Uh, let me let me double check over in the uh, I'm guys. I'm I'm chat. I'm chatting in the bookmap trading competition room uh, text chat room But maybe we're also in Okay. Yeah, just see uh stan said all good. Okay Thanks stan Yeah, so here here we go. Here's the move into that that high liquidity All right, let's let's let's take a look at maybe the liquidations indicator as well Uh, and how uh, this Uh, could be utilized Oh, if you you guys use it. I love this. I think it's an amazing indicator Uh, so um, and let me get rid of those transactions here Yeah, we have 15 k liquidated here 23 k 3.7 3.7 and uh, this is a good one here Actually, uh, this is another confluence to add into your trading liquidation liquidations in this area here In the high liquidity liquidations at a lower level here 23 k and then 3.7 k so the market went lower into high liquidity and didn't Find more traders to liquidate That's telling us something Okay, so then we can get maybe the imbalance in the order book here, which we do see right in here One two three Okay, looking for them to take it higher and then we covered this in real time in here I think and we covered it in here. I think I can't recall Yeah, here's here's a webinar started here Maybe we were covering it in here, I guess or Maybe we waited maybe yeah, I think I got in here. Yeah Yeah, it was down here because I went over other stuff first Uh, and then we're looking for this in here Okay, which worked out pretty nicely Yeah, that's it And then the double top Okay The es Yeah, well, okay some of the things that we just talked about here in uh in crypto Let's take a look at the es. We covered gold and how it relates to gold as well, which is actually pretty good Relationship here because they're both quite volatile markets Uh, and you'll see the same types of things here in gold Okay, we were looking actually for the breakout in gold we got the whip saw back and forth it broke out and then You know it traded up to like what 49 Uh 20 is what we're looking for that's what I recall it it looks like it did Did it not quite No, it did it did at least At least the best offer went up to 49 20 and these 49 contracts up here and no one traded it Okay, not one transaction took place there And that's telling you something too that's exhaustion and then what what happens the sellers You know come in and move it right back down to the bottom of the swing All right, and here they go again buyers coming back in again All right in gold Okay This is why we talk we're looking for yeah, we're looking for that move here But do you do we have on our side here the order book and balance? No We don't we're looking for it If we get it we're looking for the pop up into our 49 and 49 20 All right, we're gonna take a break on gold and then we'll jump over to uh the es All right beautiful stuff also here in the es different market cash open here at 9 30 look at the In to move into and through this liquidity right before 9 30 cash open down into liquidity A um A move back up or a pull back move Into more liquidity again into more liquidity again down here Okay, this is what it looked like at the time it came back down there Okay, so we got liquidity getting filled especially in here liquidity getting filled and now let's look for an imbalance in here Okay, just to go through the same process in here so that we can Utilize what we learned from the um You want a blue wrench to rob? Yeah, I think I can give you one. Yeah, rob is also a moderator Uh in our discord chat room There you go rob Yeah, yeah, we'll get into some futures competitions as well Uh, I'm not sure when that's going to happen, but uh, you can see this is our our initial stab at it Uh for these competitions. All right, so now, you know, we have this is what we have high liquidity getting filled Order book and balance is what we're looking for Hey here in the es Hey now, you know, I want to be careful with this with you guys because uh You know, especially some of these leverage products, uh, like the es You know, you might want to trade micros Uh, uh, or or in demo until you really start to hone your process in here Because I you know, we we did on day one For the competition, uh, Wednesday. We actually, um traded, uh in in the in the competition And then I was afraid I'm just going to get people, you know going all over the place uh, and I I didn't want to do that. Uh, and then especially here for the uh, The es and more, you know more leverage products in here. I don't want to do that either I just want to go through something to consider Getting the insight using book map here because it's here and it's the same stuff again and again Okay, so we're looking for an imbalance in the order book here We don't really get it. We see a little bit here. Now now we're starting to see it, right? But they pulled Okay, oh here they go again now is how is this any different from the crypto market? And uh, it right underneath here, uh, we get we get buyers here the reaction to this high liquidity in here This imbalance here we're looking for for uh, 4380 Okay, boom There it is Okay, now that's just a two-point move Uh, and uh, but that's what we'd be looking for and then reassess up here And now that's on that time frame Okay, but we see the order book in balance We see the move into the high liquidity the move through it as well Okay, it comes back down again Back down to where the breakout took place And where that imbalance took place and they're here yet again still supporting it Okay, so still looking for the move higher Okay, and then there it is Right nice nice trending move Okay, all the way back down to high liquidity again And through it and then this is a mess a real real big, uh, uh Supply in here and then it pulls We still get the move lower and we got a lot of gaming going on in here Very very high liquidity one player here Polls adds higher pulls adds higher a lot of liquidity in here starting to transact Starting they're supporting it again. All right.  It looks like to me. This is uh potentially. Let's take a look here. Let's see if our large lot tracker captures it. Yep Now this is again, we you know For those of you that are new in here. I know for a lot of you guys we've covered this this content for a long time Uh, but uh, here we have in the es look at this Our large lot tracker or let me I'm just going to duplicate this column and um So uh, we can we can take a look at it a little bit more clearly and then configure it Uh by right clicking and then I'm going to show bars only Okay, it's the same column here. This one just has bars and numbers if you right click on it, you know, it says um Bars and numbers here. Okay, just this you got little white line here It's over here now That's one individual actor Providing liquidity on one two three four five levels All right, and then it was in here and then pulls his liquidity almost not quite the same moment You can see when they came in Stare staircase to here and then staircase out of it as well Okay pulled then pulled then pulled then pulled Okay, this is this is uh in in my mind this looks like uh You know a manipulation a layering here skewing the order book with supply Trying to get price to go lower By showing like this this skew in here and it and then they pull it away from the market They really didn't take risk. Okay. They maybe an aggressor would be quick enough to trade up into it Um, but this is an algo and I'm sure it would pull before getting filled Okay, so in fact they did pull here and then you know, you can see it getting tested into here by the aggressor all right, so um anyway from that We see that the reaction was some some selling came in a little bit later actually the the buyers went after it here And that's that's probably why they pulled and We found that here You know the sellers the sellers got taken on here. I'm sorry the buyers got taken on here By the sellers Okay, and then that becomes like a pivot point here back up to it again buyers And I'm not really seeing too many aggressors here and move it back down Right here here again potential layering spoofing And we still see interest in it though And that this is a funny this guy's trying to come in here Uh, and uh, no joy there Right and our our buyers trade up and through Okay Questions on this same stuff guys Same moves And again look at this But this is a lot of behavior in here. So this uh, there's you know a lot of stuff going on here in the yes at the moment in this order book Okay, nice moves really nice moves All right, now that looks like this guy's finally getting his way in here Uh, if this is the same person layering in it looks like it. Why do I think that look at one two three four Same kind of stair casing in here. Look at the large lot tracker here It's actually yeah four levels now not five Okay, and did he get filled? Yeah, I think he got filled here Okay, at that point this guy's willing to get filled. All right. So now we have high liquidity getting filled Hey, and again In here looks like same behavior All right, so now now I'm looking for a point when we know That we've we've got high liquidity getting filled now. We're looking for exhaustion by the aggressor Up at these top levels here and we're looking for those those sellers to start to come in Okay, I don't see them really underneath here. We just see the sellers trade it back down. Let me zoom out a little bit though now Okay, in this case here, it's just it's more of the aggressor Except until we get here Right This is kind of uncommon for the s and p Uh, I mean we don't see this kind of behavior all the time Uh in the uh in the s and p They really really does uh pretty volatile in here. I'm moving back and forth Okay, a lot a lot of gaming at some of these areas in here And again, let's just okay. So did they get filled up here? Look at the same player in here likely the same algo yet again Same amount of liquidity. It looks like you know So we identified a player Okay, not too many other pieces of software can do that All right, and let's take a look. Let's get our bigger picture approach Okay, so high liquidity filled up here at 95 selling off looking for 90 here And uh, that's the the target here. I would love to see a uh order book and balance here push it into 90 order book supply Above here and then push it into 90 Here we go. Let's see if we get our bottom edge here some selling Here we go retest sellers. Let's see the move into 90 During the competition one of the things like I said these edges get really skittish in here Uh, so this is where you want to really uh pay attention Uh and zooming in can can be really helpful here Okay, so another scenario is if we can't get the sellers down here, which we should we should and we should be able to get into here Now see they they they got down to here and we see some buyers come in Now we can look for a scenario of an order book and balance here On the offer and buyers here Okay, we didn't get the order book and balance. We got some buyers at the top of the edge, um of the range though Okay, I'm still looking for the order book and balance to see if we might go back up to 94 Okay, else this would be a false breakout Yeah, looks like it's going to be a false breakout now. Let's just clear the drawings and look at this scenario here Let's look at these guys in here these players I want to see if they're going to win And still be in control here or if they're going to get stopped out After buying and have it come into this liquidity here And this is something we covered the other day as well during the competition webinar Order book and balance here order book and balance coming in So it looks like buyers are actually going to win this They're trying Here we go back up to the top edge Order book and balance. Let's see if we can get it and then maybe 94 here Yeah, that looks good. Okay, they're pulling up at 94 Here we got a bit of an imbalance here Okay, see how they pulled here added here now. We're just looking for our aggressors The top here at 93 up into 94. All right understood Or you can see the gaming kind of in here And then looking for these moves to start to unfold And again, it looks like some gaming up here now too High liquidity coming at 93 and a half. All right. Well, there's our 93 and a half That's where maybe to take some profit on on this move here. That would that would be the place to take some profit Uh, because they came in with some supply here Uh, and then that's it right Look for your next setup now, that's a very low time frame scalp here, but it's not bad, right? 92 up to 93 and a half a point a half. I mean, you know, what whatever The um It's the concept though of this supply and demand that I want to go over Again and again and again on all time frames Hey, this time frame here too Okay, so far this is accepting above Uh, uh, 43 90 And this on for the day It's not really accepting too well above it here a lot of selling up in here You know buying is not bad, but a lot of selling here. So for those of you that like, uh to trade the initial balances or you know the first hour or half hour Well, this a lot of back and forth finally a breakout, but it doesn't look like it's accepting So you can look for maybe a move back into Uh, maybe maybe way down here. You're you're pointing control or like, you know below the swings down here Okay So now we are down here Okay, so we just had a little bit of a move up here got out and then looking for the move back down potentially Uh, and then we this is where we're looking for that break into the 90 here now now It's definitely I'm not only am I looking for it to happen I'm looking for it to break 90 and then come down down into 88 or 87 here Hey, let's see. Let's watch and let's see what the the order flow tells us here. They're staying in here at this 89 75 it's already traded 90 Okay, there's our there's our liquidity trading at 89 75 more selling I want to see that order book in balance here and then I want to see see these guys are in here and they're They're getting filled actually Okay, now you can see the this this market here is a little different right then the crypto market You don't see that pushing underneath or on top here as much it's more about the aggressor Uh here All right, let me just flip back to crypto and and and show you what I mean here That keeps popping up In here see them pushing underneath or on top here Okay, so it's a little different right And there's the move right and they're pulling here Okay, so anyway This this market behaves this way Okay, the es will do that too. Um, but not not And not always as the aggressors are going after this liquidity in these lower areas here All right, let's see any more questions in here. All right. Well, let's just jump back to crypto Uh, and let's take a look at our bigger picture again Okay, our double top our trend line. Well, we bounced all the way back up here and look at the selling coming right back in Okay, so now it's kind of uh Failed up here a bunch of times Okay, this was actually this was our double top, right? This is what we're looking for and then we're looking for the move Uh, the trend line move the take profit was right here Hey from the break of the trend line on down to here Okay, well what what what happened and what unfolded? High liquidity again, and then aggressor behavior on the other side back up Okay Anyway guys, let's uh If there's any more questions, um Please get them in Did anyone use a market pulse uh in here? I think you you you had access to it. Uh, let me show you Uh the market pulse tool here and uh, let's create actually one for um, um, bitcoin It's gonna be for the perpetual though. I don't want that. I think we've got to go with that All right, so this is the liquidation, uh pressure. I don't want that one. I want to look at actually, um volume pressure Uh, and uh, just select that and then select your instrument again here. So there it is. That's the one I want Uh volume pressure there we go Okay, and then I'm going to bring the volume down And we'll click play and here it is up here. Let's add one more Uh, I want to look at volume pressure and balance or maybe let's look at price change Bring the volume down a little bit and hit play All right, and let's take a look at these in here, uh and see, uh, how they're they're behaving This is by aggressor only Or price movement here. So we have the threshold at 70 on volume pressure Which means that over the way it works here, um with volume pressure, uh five minutes of back Uh look back period of data Uh, if you if we start to see um, uh an imbalance there that meets the certain threshold Of trading over 70 percent Uh, we're going to hear something in here It's going to start pinging Okay, the same with a price um price change if we get a certain price change within the threshold of a look back period of five minutes Uh, you know here we can just go to settings and I can I can cover it here. Um, so we have um The uh volume uh the threshold 70 percent and the training period is the look back period. So a price change Uh that uh meets this threshold here within a five minute period. We will hear a sound And that's the default And it's uh pretty quiet at the moment All right guys. Well, let's uh I'm gonna wrap it up here. Uh, you know, thanks for coming everybody. Thanks for taking place. Um, or uh participating in the competition And congratulations to the top performers out there. Uh, we'll announce the uh the winners tomorrow You know, we have to this the settlement, uh, you know open positions have to be closed all that kind of stuff. So um You know, that's what that's what the rules were and that's what it's based on. That's why we're not going to um Uh announce until tomorrow All right, but uh a lot of fun good effort everybody I hope you enjoyed it. Uh, it was free and open to all with some great prizes And uh, uh, we'll resume again next week with the, um, uh Regular uh, uh webinars And go through the es there we go now listen. We have volume pressure and price change So we know our aggressors are in here. Let's just take a look at this We got the aggressors, but look at this liquidity here. Oh, there we go now. We got it. Look at that. See the book flip Let's get a little more aggressors in here. Let's hear it And we're looking for the move back up into here now Okay, because look at look at the uh, the book flip it traded up to here then We're not getting the volume, uh Pressure, uh, but we got the order book and balance in here Okay, and price is moving they're still looking for the order book and balance to trade up to here And so about an eight dollar move They price see the price change starting to uh, hasn't met the threshold of the white lines yet But anyway, it's doing it All right guys, well, yeah, thanks everybody, uh, hope you enjoyed the competition We'll uh resume next week. Like I said, uh, and and go through, uh, the regular material, uh, at that time Uh, we'll catch up with you on monday. Have a good weekend everybody. Okay. Take care