 Okay, good morning traders. So today we're going to go through actually the live order flow analysis, advanced analysis here in Bookmap. And let me explain why we had a trader lined up for Monday for our event and he had to cancel. So that's very unfortunate. He had some family issues. He had to cancel. It was a met day we've had him before. He's an excellent trader. He trades oil. So this was perfect for those of you who are trading crude oil with a lot of insight. So he looks at Bookmap for the details in the order flow to give him insight to his trade direction. We'll have him again. So he felt really bad about that. He had to cancel at that last moment and it's very understandable with some of the family issues he was having. So anyway, so we'll go through and continue on with the live order flow here. But let me explain a little bit more about the event that we have here. So obviously you guys have clicked here to register for the event. Here's our itinerary. Tomorrow we have Jason Love. He's an oil trader as well. So we still have plenty of information to go over with the oil trading. And please note he will begin at 12 p.m. Eastern time. So this is kind of a one-off. The rest for the moment they are all at 11 a.m. Eastern time. Now Jean-Marc Souliou might not be able to make it at 11, but we will let you know about that. And if he changes, it'll be emailed to you. So also Jean-Marc Souliou, excellent trader, very interesting person, very interesting trading methodologies. It is in French and it will be translated though. So just keep that in mind. And then on Thursday we have Morad Askar, better known as FT-71 or Futures Trader 71. He is our keynote speaker. Okay, so that's on Thursday. And then on Friday we have Faron Fronte-Remental. He is a trader in Barcelona. It is in English. We've had him several times in the past, a fantastic trader trading more, well trading lots of different markets. A lot of times he is looking at the currencies though. In fact, he will take positions in the futures as well as the spot. But he will be looking at book map to give him the insight for that spot market. So I'll just let you know about that. If you guys want to read more about the traders, you can see the list here. And that's it. That's the event that we'll be unfolding tomorrow. So today we're going to go through what we usually go through in the webinars. So in this webinar here, the Advanced Order Flow Analysis is done in the live market. Yes, they're all recorded. So for those of you asking that, I see many of you asking that. So you will be able to access all the recordings. It'll be in a special playlist. So let me go through. First off, risk disclaimer, trading equities in futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. And let me explain this webinar. So we've just changed up our webinar structure. So there are actually two webinars per day for book map. One starts at 10.30 Eastern time. And that one is open to all. All right. It's this one here, the platform details webinar. And we go through just the basics of what book map is showing you and some of the features and components. And then a bit analysis on the live order flow. But we don't go too deep into that because there are a lot of traders that have questions regarding what is book map? How can I access it? So we go through just the platform basics and some of the details there. All right. If you are in trial, though, and you give the book map a 14 day trial period, you have access to the book map live order flow analysis. Okay. These webinars we go through and we look at the live order flow dive right in. We don't go through platform details unless you guys have questions. This one's much more about those traders who have moved on from the platform details and they want to understand how to use book map in the live market. Okay. So that's what we cover here. Those start at 11 Eastern. All right. And let me show you where you can find book map if you want to give it that free trial, okay, that 14 day trial period. So up here, when you come into bookmap.com, you can register for the free webinar, okay, here. That's the platform details. And then let's click explore and scroll on down to pricing here. Okay. So there are two versions of book map. Well, there's actually three. We have the basic advanced and the quant. Okay. If you're interested in the quant, just reach out to us at support at bookmap.com. All right. Now the basic is 49 per month. The advanced is 99 per month. They are billed quarterly, but you get a 14 day trial period. The difference between the two versions here are the add ons. Okay. The one click trading from the chart from the book map chart, which is a nice advantage because you can see the liquidity in book map. So you can react to it with your trading management. You can front run liquidity, high liquidity that, so higher probability that you will get filled before hitting that higher liquidity. And you can also hide your stops behind high liquidity. Okay. For example, other add on indicators are here. Now note that these add on indicators are some things that we've developed. They are specific to order flow. Okay. So that's the difference between the two different versions here. And you can click here to compare and contrast the different versions if you like. Okay. Bookmap is also available for equities. There is DX feed, which is available, which I can show you a few of the equities if you guys have any questions regarding that. It's fantastic to see the liquidity in the equities because they are thinner markets and therefore the larger players stick out better than the some of the thicker futures markets. All right. So that's that. Let's move on here. If you want to follow us on Twitter, you can find us at bookmap underscore pro and latest information there. And then here is our YouTube page. Okay. So you can subscribe to our YouTube page. If you're new here to bookmap, I would recommend first watching some of the features and components videos, then maybe watch a few of these very concise order flow video snippets. These are much more akin to what we cover in detail during the live webinars for the advanced analysis. All right. And there you can watch some of those webinars here. So here are some of the advanced recordings as well as some of the platform details recordings as well. All right. We also have futures trader 71 a playlist here. If you want to watch some of his older webinars, I will add the one on Thursday as well. And you can understand how he uses bookmap. Okay. Let's see here. Paul, quick question. Confused about the iceberg detector and red numbers hitting the bid. Green numbers lifting the offer. Okay. No, iceberg orders are akin to the limit orders. They are providing liquidity, but it's not being seen. Okay. So anyway, let me let me just get into that and I'll answer that question quickly for you here. Okay. All right. So here's the iceberg detector. We have a green and red numbers. Okay. If it's a green number here, what this signifies here is 218 contracts traded here on the bid that we're not in the limit order book on the bid. Okay. So this these 218 they are long. Okay. They were filled with a hidden order or iceberg and 218 contracts traded and they were not displayed in that limit order book at that time. Okay. So they are on the bid absorbing, but not showing. Okay. If it's on the offer, there's a red number up here. These guys are short with their iceberg orders. Okay. Let's see. What is in the volume dot appear at the iceberg intersection? It does. Not sure what you mean there, but we can take a look here. Let's go into this 365 here. Okay. I'm just going to click on the hand tool or the move tool, hover over this dot and zoom in very quickly. And let me show you. Okay. I mean, the dot goes precisely to these areas. Now, if we continue to zoom in here, I can show you every single detail of that iceberg and the absorption here on the bid. Okay. Okay. That should answer your question specifically there, Paul. Okay. So now you can see that book map here. We're recording every single event. Okay. We're down at microsecond levels here on the timeline, as you can see. And you can see that each one of these represents this was in a market cell, aggressive cell order that took place. Okay. But it wasn't in the limit order book at that time. Okay. So iceberg detector notes that and then displays the number here. Okay. As I zoom out, though, note how it's all consolidated visually, just visually. Every event is recorded in book map. Okay. But as I zoom out here, we've consolidated that data for you and we're giving you the overall understanding of what occurred at that level. So it's much more digestible on the higher timeframe. Okay. All right. Okay. Lots of questions here. I'll get to a few of them. And then I need to dive in here to the advanced order flow analysis. We've got a lot of traders in here today, which is fantastic. But I do want to go through the live order flow. So you guys understand what we do during these webinars and how this can help you with understanding order flow and understanding how to use book map with that order flow. Okay. Let's see. Other questions here. Just a moment. Okay. Yeah. Barry, actually, I'm going to have to meet with you one-on-one. And I'll go through the custom notes problems that you're having. All right. So sorry about that. We're just, I got to get going here. And we need to dive into some of the analysis. Let's see. Usually I have time for that, Barry. And I know I emailed you. But anyway, we'll get to it. Okay. So you had your understood, Paul. You had your minimum dot size done differently there. Let's see. Market maker, M-M, possible to load a session a previous day to train. Absolutely. This is another really powerful feature of book map. Let me explain here. So what we're talking about here is the book map replay mode. All right. This is one of the best tools for debriefing your trading. Okay. Let me show you where you can find that. Okay. What you need to do is you do need to record your data, your live data, and then access it in replay mode later. There are some videos under the features and components playlist here. It's on the home page. Just click on that and you'll see it here. In fact, I'm going to give you the links here. You guys can take a look. Okay. So let's just copy the address here and put it to the chat box for you. There's one. Here's another one. Okay. And there's also one more that we just recently put together. I think you'll find really helpful debriefing your trading in book map. Okay. All right. Okay. Good stuff. All right. Nicholas, Mette will, he will present another time. No question about that. You know, we really like what Mette does and we'll have him on another time. Okay. All right. All right, guys. Well, let's take a look here and take a look at the S&P and just dive right in. I'm not going to go through the basics in book map. Okay. Actually, no, I'm getting some requests here to get to some of the basics. All right. That's fine. That's no problem at all. I'm going to cover it very quickly and then we're going to dive into the live order flow analysis. All right. Because I'm already seeing some pretty good stuff here, you know, at the U.S. Open here in the S&P e-mini. Okay. And I'll cover it in just a minute here. So let's first, for those of you who are new traders, then we're just going to, I'm going to go through it very, very quickly here. All right. And I'm just going to turn off layers of data. And this is what we cover in the book map platform details webinar. Okay. What we're looking at here, let me go back to current market, is just a very basic candlestick chart. That's the only data I have up here except for this volume sub chart. Okay. Now, the only, there are many problems with looking at this candlestick because there's not a lot of transparency here. That's the issue. We have no clue of where trades took place, when, what kind of trade was it? Who is the aggressor, aggressive buying or selling? And that, you know, is tremendous insight to potential price movement in the future here. So that's an issue. So we can see the volume sub chart down here, but it still does not answer those questions. Right. So, and we also don't see microstructure here. Okay. That's another issue. So let's get into some of that transparency. I'm just going to click on here, the historical best bid and offer. And let's zoom into, let's zoom into this area because this is, this is what I want to cover here. Some of the microstructure here is totally lacking in the candlestick chart. Okay. So for example, you know, we see the candlestick chart showing us some nice buying power coming in here and pressure moving, moving to the upside. So we're going to see a lot of green dots here in book map, aggressive buying, lifting the offer. In this little area here was there was some consolidation. All right. Now the candlestick chart, it's not bad. It gives us a little wick here, but we're getting an understanding of a possible, you know, A, B, C, D pattern here. Just a little bit of consolidation. And we see that the aggressive buyers stepped in yet again. Okay. And they move price to the upside. Okay. Just seeing the historical best bid and offer gives us insight to this microstructural area here. Also here at the, right after the open, understanding a little bit of the basing here, understanding a retest of that data here. But now let's turn on the volume and check it out. Because the volume dots are going to give us understanding as to where those traders, how committed they are, where that trade took place. What type of trader is it? Potential traps. And then also the initiated buying that we can see stepped in mostly above, right above the, this little range right here. Okay. That's, that's a really good insight. Okay. So we can see here, this is where they stepped up. Okay. And in fact, later in the day, you know, I'll be looking for a retest of 2502 and to see if they're still here willing to buy at this area, because this is where they initiated for the most part. Okay. So just knowing that is important. Okay. We're going to look at the other side of that though. And we're going to also understand if they're lining up here on the bid or the offer to get engaged into the, into the market. Okay. If they have the intent to trade at these areas. Okay. So this little structure here also gives us insight. Okay. You can see the initial move, you know, went up and then it went right back down. And then note that the volume in this area here, there's not a lot of selling. Okay. It's mostly, mostly green, mostly buying here. Okay. That gives us insight. Okay. Look at the retest here of, we don't even get down to the low and look at the volume that traded down at this area here at 2500 and a quarter. Okay. We also, we have our big figure number here as well. Price is accepting above that area. And on this retest, very little aggressive selling. That gives us a lot of insight here. Okay. We see that the aggressive buyers stepped in and they lifted the offer up above the, this range here. And that's where we have accepted so far. Okay. So now let's go to the current market. Okay. And we, we, we can see here, we're still accepting. This is pretty bullish. Right. You can see that we have not come back into that area. Let me just draw a horizontal line here. Okay. This is where we really broke from. We really started to see the volume pick up here and then also right, right here. Okay. So note how I said I was looking for a retest maybe in this area at 2502 and a quarter. Well, there was even more volume up here at this level. And we did get that retest here. All right. And we can see that so far we have accepted above that area. Okay. So buyers are still engaged. Okay. All of this information is really hard to see and understand without book map. Okay. And comparing book map to like a, if you're looking at maybe a footprint chart. Okay. Which is excellent. Okay. It gives us that volume information, but it doesn't give us the microstructure. Okay. We're not going to see the structure. We're not going to see in this area here what really occurred and then the follow through above this, our line that we just drew in here at 2502. Okay. So excellent stuff there. And this gives us the insight we're looking for. All right. Now, current market, current market, we usually look at the dome to understand the where price might go in terms of targeting higher liquidity or understanding the limit order book and the intent of the traders on the offer and on the bid. Okay. So we can see our dome here at the COB column. And this is good. It's excellent to note these areas of high liquidity. Okay. And it can be really insightful, but the problem with the dome here is that we have, we have no understanding of once this liquidity and these numbers change all the time. Okay. Once they change, the historical data is lost. We don't know what it is. Okay. And we don't know. You're going to have to remember not only areas of high liquidity, but other areas around it. How did they behave around it? Were they front running these guys at 2506? Did they start to get interested as price was coming up toward them or did they shy away and add their liquidity at higher levels? These are all very pertinent questions to understand and answer. And it will be lacking or very hard to remember all of that just here by looking at the at the dome. And this is where book map can help. Okay. So let's turn on the heat map. All right. Because in this window here, we take the liquidity levels and we'll paint them in the heat map. Okay. So now I can understand very quickly in this level, which this window, which is the current market window with the current best bid and offer, this number is the last traded volume. I can understand areas of high liquidity. This market is currently being made between 2502 and 2506 and 0650. Okay. These are the areas of higher liquidity. All right. And we can understand the behavior here of these guys at 2505 and a half. Okay. Note how they're pulling as price is coming up toward them. Okay. So you can answer the question if they have the intent to trade. Okay. No, they don't. They're pulling and they're actually starting to add at higher levels. This is bullish. Okay. This is bullish behavior for the traders here on the offer. Okay. Because they don't want to sell here. They want to sell up here and up here. Okay. And look where price is going. Okay. All right. So these striations that you see here in book map, this is the adding and pulling of liquidity. Bright areas, they had high liquidity and then they started to pull it and they added back in and then they pulled it and then they added it back in and they pulled again here. Okay. And now we can start to understand the context of these traders. And we're not talking about just one level. Okay. We're talking about several levels. Okay. So for example, the pulling of liquidity here and adding it up to higher levels gives us insight. Okay. On the overall. Okay. It's the context of this auction that we want to understand. Okay. Down here on the bid, we also want to understand the context. Okay. This looks pretty bullish. Look at how they started here. Well, these three levels basically all at the same time, more or less, could be the same player. We're not really sure about that, but they also could be following each other and front running each other. Okay. So they see high liquidity first come into 2502 and then no two and a quarter and then no 250 immediately after and then look at three quarters. Okay. This is bullish. Okay. They're bidding at higher levels. All right. Now I'm looking for a follow through here. I'm starting to anticipate them to if they want to buy, well then a possible scenario here is for them to start lifting and here they come. Oh, four. Okay. I'm looking for high liquidity now at higher levels here to support maybe a breakout to the upside. Okay. Here's our high at 2506. We've already broken out of this little range here, but we have not really truly accepted above that little range. Okay. So we're going to get some insight on that. Here's our little range right here. We're just testing it now. All right. But truly what we want to see is up here at 06. All right. Okay. So let's see if we see high liquidity at a higher area up here and let's see if those initiated buyers jump back here in here, lift the offer and come up and test the high at 2506 and 0650 where that high liquidity is right now in the moment. Okay. All right. Barry, this is a good question. We always get it. So let me make a distinction here. And so you guys have an understanding of how this liquidity behaves. Distinction between longer term high liquidity and shorter term high liquidity. Okay. So the shorter term high liquidity, well actually let's we'll start with the longer term. All right. So let's identify it first. Okay. It stays in the book. Okay. It stays in the book for a long time. So these guys up here at 250650, they've been here a while also at 06. Now they're staying in the book. Now they're away from current price. Okay. Price we're starting to get up there. We were a few ticks away and they started to pull. Okay. So they don't really have the intent to trade here at 06. Okay. We can read that. And that's where we'll get that intent and understanding of those traders. But they will stay in the book because they want to trade at these levels. It's first in, first out market. Okay. So you have to wait in line. All right. And now they're starting to pull at 06.50 as well. Okay. And we're starting to see a skew in that auction down here at 04, that higher liquidity. We were that this was a scenario I was outlining. Okay. This is what I was looking for. A little more aggressive. I'd like to see it even more aggressive. Maybe up here at 04 and three quarters. All right. And we'll see. Okay. So that's the longer term liquidity. Okay. It stays in the book. They have intent to trade. And you'll see those areas when price comes into those areas and they'll just stay there. All right. And you'll see the aggressive trading dots take place within that area of high liquidity. Okay. They want to trade there. And that is something we want to understand and gauge here in book map. All right. So that's higher liquidity. They're not going to give up their place in line. It's longer term and they stay in the book. Okay. And that shorter term high liquidity. Okay. Well, that happens in these other little areas in here. Okay. These little pockets a lot of times. And it can be very aggressive. It will show up in maybe some of these areas here. And what happens is, is it skews the auction. Okay. And let's think of this as an auction because that's truly what it is. Okay. So in these areas here, think of it like an auction. And what happens if in this auction all of a sudden you're at an auction for an automobile and all of a sudden 100 more willing buyers come in at a higher level. Okay. That's extreme demand. That skews that auction. Okay. Now price usually reacts to it going to the upside because the value in the intent of these traders is now at a higher level. Okay. It must be worth more. There's more demand and the price will usually react to it. Okay. And then, but they don't, we don't know if they have the intent to trade or not. Okay. If price comes down and into them and they do trade, well obviously they had the intent. Okay. But this area that 04 here that we were just recognizing, they don't have the intent to trade here. Okay. To me, this looks like it's skewing the auction, trying to press price up here into 06 and a half. Okay. And we'll also see if we get up here. Okay. If we do get up here, that we'll see if there's a lot of iceberg orders going off up in these areas here. Okay. Maybe they'll pull this high liquidity, but they'll remain in the book with hidden orders. Or maybe they're doing that now. So let's turn on the iceberg indicator here and we'll start to notice that. Okay. So for example, here we can see a pretty significant amount of iceberg orders going off here at this area here at 05 and a quarter. Okay. So we're starting to understand this is more advanced understanding, but they're getting filled here. Okay. Skewing the auction, getting filled and without showing in the book. Okay. Where they're truly showing in the book is up here. Okay. The majority of them. All right. So I hope that helps you and it helps you understand the differences between higher longer term liquidity and higher shorter term liquidity. Okay. Higher longer term liquidity can act as a magnet for price. It's already been digested by the attendees in the auction. Okay. That shorter term high liquidity has not. This is new information. Okay. We're getting a lot of insight here just by looking at this example. Okay. And any ideas why? Okay. Why is this example insightful? All right. Well, I'll try to, you might be busy writing. I'll just try to, I'll beat you to it here. Look how they pulled here and look it down here at 04. Okay. They pulled here the higher term liquidity on the offer and then they skewed the auction down here at 04. Okay. This is a high, very high probability. This is the same player. Okay. Look at the same actions here. Okay. Same actions pulling, but then they're adding down here. Okay. So we have a lot of transparency and understanding of this particular player with is a big player. Okay. Adding and pulling liquidity and at these levels here. Okay. And this would be very difficult to read from a dome. Okay. You need to look at the historical evolution of the limit order book in order to understand these kinds of details here to get this kind of insight. Okay. So combine that with possible iceberg orders going off here, significant icebergs that are occurring in some of these areas here. Well, there you go. Now you have some insight. Okay. So although I was originally looking for that, with that skew and that pulling here for 0650 to get tested, well, if they're absorbing here with iceberg orders, then it looks like the potential target now is 03 down here. Okay. So we're just putting the pieces together. Okay. We're just reading the order flow. Okay. So now let's see if they lower the offer they're starting to. Okay. Let's see if they've, if they're finished and maybe they'll start to skew the book on the other side now. Maybe we'll see high liquidity here, aggressive, shorter term high liquidity skew the auction to come down into this 03 area. All right. So that's another potential scenario here. Okay. So let's take off the candlesticks for now and just look at this view here. Okay. All right. Okay. So when I originally started the webinar, what was insightful here was look at the high liquidity in this area here. This is pretty bullish. Okay. And reason being is the, it's where actually price broke this structure here at 02. Okay. And it took a little while. I mean price, this is a nice breakout to the upside. Okay. And it, and it's still bullish is because, you know, we're above, we're above where we broke from. We're making, although in the microstructural areas, we're making higher highs and then lower highs, etc. It's just going sideways basically. Okay. But on the, on the bigger picture, we're bullish here. All right. Because the breakout that occurred here from what we know right now is that we are above where it broke from. And we see a lot of demand in higher areas here where we broke from. They are supporting price at 02 and above. Okay. So a lot of insight there just by looking at this, this information, it would not be here in your, without, without, even if you were looking at volume, volume profiles, your volume analysis is not going to give you that information. Okay. This is what it would look like here. Okay. You'd be able to read the tape, you'd be able to read the, the profiles here, but you would not be able to read the liquidity. Okay. It's not there. Right. So this is the other side of, of order flow, understanding the, the intent of the traders historically. Okay. This actually fits in really well, meshes very well with volume profile. Okay. So why, why do I say that? Great example, low volume node right here. Okay. I mean, clear as day, low volume node. Okay. Look at the liquidity wanting to absorb price in that low volume node area. Okay. Between 02 and 03. Okay. That's, that's how you can start to line up not only your traded volume analysis, but the order book analysis as well. All right. So good stuff, good stuff there. And let's cover a little bit more. So right now, we're channeling between this, well, basically this swing here at 03 and a quarter, and this high at, at 06. Okay. Let's get into a little more auction market theory. Okay. That also dovetails very nicely with volume profile. Okay. And this heat map information extremely well. Responsive buyers are down here. Okay. Responsive sellers are up here. All right. And that's where we're channeling in between right now. Okay. Let's see. And right now, well, we can see that we're just, we've come back right back down into the middle, right into this, you can see the CVP, which this stands for chart range volume profile. So let me, let me cover that because we have all sorts of different profiles and data columns to look at here. Okay. And I've got two set up. Okay. I've got the CVP and SVP. CVP stands for chart range volume profile. So it's for all of the chart range, this range here, all of the volume data that I have within the viewable range. So if I zoom in here and, you know, you can use these zoom tools or you can just zoom in quickly with your center mouse wheel. And then look how the profile updates and gives me the profile for what's in the chart range. Okay. Really insightful because you can see the chart ranges and maybe look for, if you're bullish, you'd be fading, you know, the outside edges here. Or if you're really bullish and you see price moving up above, the VWAP, in this case, the VWAP is the white line, then and above the POC here, which is 05 here. And you see significant buying volume above that little area here. Well, I'd be looking for a retest of the high at 06. Okay. Or you can also start to play around with the two different volume columns. The SVP column is showing all of the volume I've collected since I opened my book map and started my book map session. Okay. And there's a VWAP for that here. You can see it down here at 04 and three quarters. Right. Also the POC of this, which is in line, it's just a one tick below the POC of this little chart range. Right. So all sorts of different strategies that you can see start to unfold here. You can, you know, if you're bullish, you'd be looking for maybe the VWAP down here as a buy. Okay. And then look for the extension to the upside. Or, you know, you trade VWAP to VWAP or, you know, one range or one profile to the next. Okay. And we can see here a significant, look at our profile now. Okay. It's looking pretty good to test to the downside. Right. I want to see more volume trade here at 04 and a quarter now. Okay. Not much traded right here at 04 and a quarter. Okay. But we see pretty, pretty significant, a lot more selling right now at this very moment. Okay. At 04 and a half. Right. That's just by looking at this volume profile. And you can also just look at the dots and the color of the dots and the context of this traded volume. Okay. So we'll see. We need to see right now. This is where we need to see it right here at 04 and a quarter. Let's see if they hit the bid pretty hard. No. Okay. All right. So yeah, we're just, we're right in the middle of the range here of value of our chart range. Okay. And session range as well. Okay. Okay. Thomas, let me get to your question. Let's see. Historical data. Yeah. Absolutely. Yeah. We are working on that. So once you open up book map, you begin collecting your historical data. Okay. So a lot of traders, they will, they'll open book map Sunday night and let it run for the week or a lot are like me. I'll open my book map. Let me see here. You can see around 830 here. Okay. Eastern time. And then you can see the cash open here at 930. Okay. So I usually open it once a day and then I get the entire session and then I do it again the next day. Now, for those of you interested in only the cash session, you can also do that. You have to, you need to open up book map beforehand. And then what you can do here is you go to the refresh book map and then go to schedule. Okay. And then make it for 930. And then you'll get a real nice profile or I'm sorry, a data set for that cash, cash session. All right. Yeah. But Thomas, we are looking at adding in even previous data before I open my book map. Okay. And it will be available shortly. Okay. All right, guys. So any, any more questions? Okay, it's pretty, pretty dismal action to be honest at the moment, not really seeing much. I do like seeing the significant volume dot here in the selling. And then I also like, I like seeing how look, look at how they're, they're lowering. Well, they were here previously, but they're, they're engaged again here at 06 and 05 and three quarters. I'm still looking to see if these guys, okay, we saw a little more action down here at 04 and a quarter. But I need to see, I'm looking for that traded volume here, I'm that aggressor. Okay. And I'm looking for the skew in the book. Okay. If so, then 03 is going to get tested. This is the target. All right. Okay. Let's see if we get it here. You're becoming one more rotation down. We had some volume trade here. So I think we can come down a little bit more. They can hit the bid a little bit more and get price discovery to the downside. Okay. This is very microstructural stuff. Just by looking at this data in here, the last, you know, several minutes, but I want to understand where that volume is trading. Okay. And this is a little bit below the POC as well. Okay. It's not significant enough though. Okay. So hands off on this one. I want to see more significant volume at this lower area here. All right. Okay. Let's see here. A few more questions. Lots of questions. Great. Yeah. Well, let me, let me cover first thing before I get into a lot of the questions here. Something about the understanding the order flow and understanding the limit order book. Okay. Right now, I'm not getting a lot of insight with this activity here. And why is that? Okay. Because I'm not seeing significant volume at these extremes. Okay. I'm not seeing the commitment of traders lift the offer or hit the bid at some of these areas here. Okay. When we get that, okay, if we had significant volume of trade up here, okay, significant buying, and then we got a retest and more significant buying here. Okay. I'm anticipating price discovery to the upside. Okay. I started to like this up here. Okay. But it wasn't, it wasn't that significant. I like that we broke 05. Okay. That's good. And I'm looking for volume time and acceptance up here. And we didn't get it. Okay. It was pretty dismal. We fall right back in. And where do we fall into? The POC of the range. POC of the session. Okay. So the commitment there of those traders is, it's not there. Okay. And when do you know, when do you see it? You'll see it, you'll see the activity like this over here. So let's zoom into this little area. Okay. And this is what we want to see. Okay. For that price discovery to the upside. Okay. Significant aggressive buying, lifting the offer up into higher areas of liquidity. Okay. As targets. All right. And then we can also see some of that look at the shorter term, high liquidity in here kind of skewing that book, trying to press it a little, little higher, it looks like. All right. Now let's go over another, the opposite of that. And that would be exhaustion. Okay. So the price discovery to the upside when you have more significant buying at higher highs and then exhaustion areas down here with lack of selling when you get the retest of the lows. So you start making higher lows. Okay. That's your trending environment. All right. And in these areas here, we started to, we see some volume trade at some of these areas here, but we started to exhaust out on the sell side. Okay. And we just kind of went sideways here. Okay. We can see the volume at traded down here. Okay. And right now in this range bound activity, I'm not seeing that commitment right now. Okay. So I thought maybe we'd get a little bit of insight here, but we did not. I also thought up here we'd get a little bit of insight, but we did not. All right. Just rotated, rotated back. And it's still doing that. Okay. So that is, and that's that for the moment. Let me get to some of these questions here. Trader C, the iceberg detector, you might be seeing these red numbers here in the COB column that is, see, this is a COB column here, current order book as, as numeric values. Just right click in here and you can choose format and format it as, as numbers only. Okay. Now, if you go to bars only, it's going to look like this. Okay. You can do bars and numbers. Okay. The way I have it set up, I like showing this kind of like a traditional dome as numbers. And then I like making another column. Okay. And the way you do that is just right click here, insert a new column. Okay. And then right click again, and then we'll format that column and show bars only. And let's not split the data out here. Okay. And then you can see it's extended as well. So it's beyond. So that's a, that's the way you can do it. And let me hide that one. And let me cover this red number here. So this was our previous iceberg indicator. Okay. So you're probably looking at 05. I'm sorry, version five. Okay. So upgrade to version 6.1. All right. Then you'll see your iceberg detector on the, on the dots here. Okay. Reason being is that these would show the icebergs in an area, but once the price comes back down into that, that, that price level, it will refresh the data. Okay. So that was the problem with our historical iceberg detector. And we've, we've kept it for those of you who are accustomed to it. But within this new iceberg indicator is fantastic. It's on the chart historically. We know exactly where they took place. Okay. And you can see how we used it in our analysis as well. Okay. We started to analyze these little areas up here, you know, significant iceberg orders going off up in these areas here on this little breakout. Okay. So, you know, we had the potential to actually come down to 03, but we did not. We've just been going sideways. Okay. But they were absorbing. There's no question. We know. Okay. We know their behavior. Okay. All right. That's the iceberg. Let's move on. Giovanni. Okay. I think I answered that one as well. Okay. One, one, one more thing about the iceberg. This answers Barry's, Barry's question. You know, it's, this is going to vary between the data that you receive here on the iceberg detector is going to slightly vary between each trader. Okay. Now, I may have the exact same machine you might be seeing right next to me from the exact same connection to the internet. Everything might be exactly equal. Okay. But let's say your machine is different. All right. You might get, it might, the way that this information comes into book map might slightly, slightly vary. Okay. So, the way it comes into book map is important. All right. So, it is the difference, you know, the bid and offer information. And let's say that arrives after the traded volume. Well, then you might get a false positive on your iceberg. Right. So, it'll vary, it'll vary slightly. Okay. On the overall though, you know, the number is, the number is good. All right. There just will be slight variations. This will vary between data providers as well. Internet connections as well. And there are a host of different ways. Okay. But you can see the insight. We got insight from this up here. And we can see that, you know, if you were, you know, kind of micro scalping, well, you could put these together here and maybe fade this outside edge and look for a return right back to the mean, which is exactly what it did. Okay. I'm still actually looking for a return in a test of this outside of the range. I want to see that at 03 here. Okay. Based on the rejection up here, I'm looking for a retest of the other side of that range. Okay. Anyway, that's an iceberg detector. Some of the details. Let's see. Okay. That should answer a lot of you guys' questions there. Yeah. It's going to make a difference with several different things. All right. For that iceberg detector. Okay. Al, for the iceberg detector, let's click on studies configuration. And then you can see all of the different add-ons here as well as other features. Okay. So let's click on that. There are some settings here for the iceberg detector. Okay. It's a very simple algorithm. It reads what comes into the book compared to what traded. Okay. And if you get, you know, something that traded that was not in the limit order book, your iceberg detector will note that discrepancy. Okay. So you can trade. You can change the colors here. You can also have a voice alert for a specific size or instrument or what side you're looking for as well. And then you can also filter form here for the size. So if you're looking for, you're only interested in significant size on the iceberg, well, then put that in here and then enable your alert. Okay. All right. Good morning, Eli. Ellie. I'm sorry. Let's see here. Lots of questions on the iceberg. Yeah, Kyle. 6.1 is already, oh, being close to production version. I'm not sure about that. If you haven't upgraded, I would suggest, you know, giving you a try, though, you know, you're going to get a, it's working great for me and many others. It's very solid and stable. We've had it here for quite a while. Okay. So yeah, give it a try. I would certainly recommend that. Ellie, your question was answered a little earlier. Historical data we do not have yet. We are working on it and will be available pretty soon. Okay. Cool. It's in the white numbers. Yeah. Yeah. So, yeah, that's right, MM. You know, if you see liquidity here, and let's say they just sweep the book and take all of that liquidity, but price hasn't moved to the next level. Okay. And it actually trades more than what was here on the offer. Yeah. That's where you're going to get your iceberg. All right. Okay. Well, it's been a really slow action here. And that's actually been okay since I'm going over a lot of different things. We did get a retest, and we were looking for it. Okay. Of this, there is a micro range here that we just tested. Okay. I'm still looking for the target at 03. Let's see if we can get down there. That's just below the swing here and start to enter in some of this high liquidity here on the bid and start to gauge those traders too. Do they really want to buy? Okay. They've been staying here waiting. So, we'll see. But look, you can see very, very nicely here between these two orange lines. The move outside, rejection of that. And now to the other side of this. And it has, did it even trade down here? Yeah. Very little traded down here, about 47 contracts. So, that's not very significant. We're right back into the middle of the range. Okay. You can also see though, for that little microstructural range, what I was looking at, this is just what we do during the live webinars. You can see the, you know, we start to anticipate based on the, some of the aggressors, as well as the combining that with the heat map and understanding of the liquidity. Okay. So, in this area here, we were still looking for, you know, a very slight price discovery to the downside. It's not enough, really. But now, I'm noticing in this area here. Okay. This is starting to look pretty good. Look at the volume in this area here. Okay. We see more aggressive buying here. Okay. Here's some sellers counter that, but they're starting to get more aggressive in this area here as well. All right. Pretty significant iceberg here on the offer, though. So, that might counter some of that, some of that aggressive volume here. All right. So, yeah. So, I'm still looking for sideways action, basically. All right, guys. Let's see here. About wraps it up. We do have a process that we look at and go through during these advanced live order flow analysis webinars and discovering some of that, as well as, you know, some of the other things as well, because this is a bit of a special webinar compared to the daily one that we have for our users. Okay. All right. So, if no more questions, then let's call it a day. And then tomorrow, we will have... Let's see here. We have Jason Love. All right. So, let's... Let me just cover that briefly. Okay. So, tomorrow, Jason Love. Now, this is going to begin at 12 p.m. Eastern time. Okay. So, note that one. The rest of them so far at this point are at 11 a.m. Eastern. We may... John Mark Sulu might be at 11 a.m., or I'm sorry, 12 p.m. as well. All right. But, if so, I will let you know via email. Okay. I would assume that he is at 11 a.m. for the moment. Okay. And, yeah. We'll see you tomorrow at 11 a.m. unless... Yeah. I'm sorry. We'll see you tomorrow at 12 p.m. for Jason Love. Okay, guys. All right. Have a good day. Take care.