 Okay, so welcome to the Bookmap webinar. We're going to go through some of the basics of what Bookmap is displaying. We'll do that every day, and we always have new users in here, and reaching out to some of them who is new here. If you can just type in the questions there, if you're a new user or new to Bookmap, and use these webinars to your advantage to go through any of the questions that you have regarding it. Okay, we have a few here, so welcome guys. Let's see Scott, Billy, John, and some others here as well. Good morning Francisco. Okay, no, great. Let's just start off. We're going to go through the basics. I'll show you Bookmap so everyone understands what it is, and then we're going to look at the live order flow in the markets, because this is how we use the tool, and then answer any of your questions. So first off, changed a few images here on the home page as you can see. So if you click on explore on the website here, you'll come into the scrolling page, you can click on pricing, and this is where you can find Bookmap, and let me just cover quickly. You get a 14-day trial period here with Bookmap, and there's basically just two versions of Bookmap. Bookmap basic, Bookmap advanced. These over here are still basic and advanced, but they just come with the DX feed. The DX feed is getting U.S. equities, and we're not a data provider, but we do have a partnership deal with DX feed to offer total view NASDAQ, and that's the package deal here. It's more for the equities traders who are new, and they're looking primarily to trade the equities. If you're equities trader and futures trader, well then I would suggest go with one of these over here, Bookmap basic or advanced, and then you can add the DX feed as you like as an add-on. It'll just cost you a few bucks more, it's like $10 more or something like that over the entire period, I believe. Anyway, it'll just be a bit more expensive, but you have the flexibility to add or take it away. With these package deals, it's for the quarter. So you get a 14-day trial period with any of these. The differences between the Bookmap basic and advanced are the add-ons, and there are many. And the ability to trade right from the Bookmap chart, which is a distinct advantage, because we're showing all of the liquidity. Let's see Leon, Leonel, I think everyone can hear me. So maybe log out and then log back in. I know you're not going to hear that, but let me reply here. There you go. Okay, so that's Bookmap basic and advanced and DX feed. You get that 14-day trial period. Then when you come into the user portal, that's here. You have access to a lot of the free resources, and you'll see the features videos here. And then there's a whole bunch of educational videos as well. You can follow us on Twitter, our Twitter feed gives the most up-to-date information. And then you can subscribe to our YouTube channel. And let me cover a few of the things here in the YouTube channel, because we just finished the educational course a week ago, I guess, or a couple weeks ago now. And they're available here. All of the recorded webinars are here as well. So the way to access them is we'll click on Playlists here. And that'll take you to the Playlist page. And then here, you can see all the recorded webinars are here. So click on that, and then you can see that here's yesterday's recorded webinar. So let's go back. Other ones, here's the educational course, Parts 1-4. And then let's see all the features and components videos for the new guys. I would recommend going through these and start with the Bookmap 6 overview. All right, so you know what you're looking at in Bookmap. And then even before the educational course, I would highly recommend checking out some of these very short videos that go through market phenomena that we cover here during the webinars and that you'll see in Bookmap. So you get a very concise understanding view of some of that phenomena. Excuse me. And then you'll see it repeat again and again in Bookmap. So these can be really helpful. So there are many of these. So just start with a couple and get to understand them. Okay, so that's the basics here. And let's see, I didn't read the disclaimer yet. Trading equities and futures involve substantial risk of loss and it's not suitable for all investors. Past performance is not indicative of future results. Okay, I've covered everything else here. So let's move on and let's look at Bookmap. Okay, so I've got the ES loaded up here. Boy, I think I may take a look at something else today. The NASDAQ has just been moving every day. So maybe we'll take a look at that. Yesterday we really didn't get much movement out of that ES. Or we can maybe take a look at Crude. Let's take a quick look over there. Yeah, whatever. Yeah, maybe we'll focus on Crude here. Unless anyone has a vote here for the NASDAQ, then we can we can take a look at that. You know, it's FOMC tomorrow. So, you know, I'm kind of anticipating sideways action anyway. But anyway, let's start off here looking at Crude. And I'm going to, oh, you want to look at Apple. Okay, so that's a possibility. Let's jump over there and take a look at, we also have stocks here. So we can take a look at Apple. Anyone in here that trades equities? If you can raise your hand or type in yes in the questions there. The equities traders in here. Or maybe you trade both. Okay. All right, John, you're trading the equities. Okay. Exclusively, John, just wondering, are you trading futures as well? Okay. Yeah, so you're trading a variety of things. All right. Let's see here. Okay, you want me, okay, I'll go through the tweet in Apple. So let's start off here. Let's first start with the basics of book map and what is displaying here. And then we'll get into that. Okay, so I'm going to look at Crude here. And let's first start by taking all the data off the chart, except for candlesticks. Volume bars will be volume on. No indicators and no heat map. And no best bid and offer. Okay. Okay, so here we are looking at candlestick chart. And this is a minute chart here. In fact, let's click on studies configuration. I'll click on candlesticks here. And then you can see it's chosen. And then I'm going to change that to five minutes and close. And then I'm going to zoom out by just using my center mouse wheel to zoom. Okay. So we're looking at a five minute chart here in crude oil. All right. Now, most of us are very familiar, overly familiar, looking at a candlestick chart. And candlestick chart, though, has really quite a big problem here. It's showing very, very limited data. And we're making financial decisions based on this kind of data. And that's a problem. So we don't know where the volume, where the traders are committed. We don't know where that volume traded, how much, what type. And what was the speed of some of the moves? All sorts of data is missing here. So we're going to start to layer the data on in book map. And I'm going to show you how we provide that data to make much more informed trading decisions. And we're also going to show the auction. Okay. That's something that you just don't see in charts. And that's from the limit order book over here, the dome. And most of us are very familiar of a dome and what it is displaying. However, we've never really seen it on the chart historically. Okay. So this is, we're going to take advantage of that. And that's going to be the last piece that we're going to add here. So let's just start to add on, very simply, best bid and offer. Okay. So all I'm looking at here now in book map is my candlestick chart. And I have the historical best bid and offer. Okay. The green line here is the historical bid. The red is the historical offer. Already, I'm getting an understanding, much better understanding of the order flow. And I can start to see the speed of things. It took for movement to take effect and how it might have stopped at certain points. And then how you get retests back into certain areas within that five minute period here. All right. So nice little break out there and crude up to 4750. Okay. So I imagine we're going to see a lot of liquidity up here at the figure, the half figure. So a nice little kind of stop run maybe above here or is this initiated buying outside of this range? We're going to determine that in just a minute here. Okay. That's getting into auction market theory. So now let's start to add on other information here because we just have the best bid and offer historically. Okay. We have no idea about the volume where it traded. Okay. We do have a volume sub chart here in book map as you can see. And it's giving me some information, right? But it's not all that detailed. You know, I still can see where the volume is taking place, but I don't really know where exactly it took place on this candlestick, how much, what was the overall reference within that five minute time period and the aggressor. Who's the aggressor? A more aggressive market buys or market sells. Okay. So let's add that onto the chart. Okay. Now I have a much, much completer complete picture here of what's going on within this price activity. Okay. Now I can see and let's zoom in, click on the hand tool, I'll hover over this area and I'll just use my center mouse wheel. And let's look at this five minute period here. Okay. Let's look at the difference between these two bars. All right. Okay. So this is really what occurred here in this candlestick. Okay. We opened here. Okay. And that was the open and then we kind of bounced around and got a few ticks to the high side here. That's your tiny little wick here to the upside. And then we went sideways for a bit here. And then it sold off pretty quickly here. Okay. And then for the last minute, you can see that we just kind of went sideways here. All right. So and that's where we ended up closing. All right. So now we can understand the exactly where this volume took place. And then we can also start to see with the with the reference here in the dots exactly what type of volume took place to. Okay. Let me zoom into this little area here. And I'm going to break up. You can see we start to break apart that data. So all of this data is still here in book map. And as I continue to zoom in, okay, you know, you can see the granularity. We're looking at millisecond level here, which is still quite slow as we zoom in. And we see this one event that took place here. Now we're down to microsecond views. Okay. So you can get, you can continue to zoom in. We can get down to nanosecond views. Okay. So, you know, we record every single event and we can display it on the chart. Now that that kind of data is impressive to see. And we can see that, you know, the kind of spacing here that there's some algorithmic activity that's going on within this area. This is how these markets trade. Okay. So a red dot is an aggressive cell that hits the bid and takes liquidity off of the best bid. And then a market buy is a green dot that takes place on the best offer. Okay. It takes liquidity off of that best offer. Okay. Now as I zoom out, you note that, you know, we're zooming out and we're compressing that timeline here. And as I continue to do that, there's only so much space to show you where all that trading activity took place. Okay. And we're still giving you the overall aggregation just graphically of what occurred in this area. There was a lot of buying and selling. There was a big flurry of it here. And we display that in a big dot. And within that dot, you can see the pie display. So about three quarters of this was aggressive selling and about a quarter of it was buying. Okay. So now we have very specific information about what occurred within this time period of five minutes. We can start to see exactly where all of this action took place. All right. And if we want to show a distinction here between what book map is showing you and what a footprint chart is going to show you. Okay. So for example, a footprint chart, you might miss some of this detail here. Okay. So we can see that we came down here pretty hard. Okay. They really got aggressive and they started to hit the bid pretty hard with a lot of aggressive selling. But within this five minute period, look at these little pullbacks and tests here, retests. This is not going to show up in a footprint chart. And the reason being is that they take this period here and they'll show it within a bar timeframe period or candlestick rotation period. Okay. It's aggregated data. Right. And we're showing every single bit of data here. Okay. And that is the problem with those footprint charts is that they aggregate that data. Okay. And book map solves that problem by showing every single discrete market event. But as you zoom out, you still get the overall picture of what occurred here. Okay. So that's covering the data. And we can cover maybe if there's any questions about exhaustion, et cetera, absorption, then I'll be happy to go over all of that. But it's basically exhaustion. I'm talking about a lack of aggressor. There is no activity. All right. And you can see that very clearly on the charts. Look at these little points here and here and here. Okay. And that's very typical in a downtrending market and up here as well. You have exhaustion on the lower highs and then at the lower lows, you'll have all of the trading activity taking place. Okay. The majority of it. All right. So now there's still a problem here. And that is we don't understand the auction yet. What's what where were they bidding in offering? And that's important data. Okay. Now we usually get that data here in the dome. All right. But a dome has a problem. Okay. That problem is that it's fleeting. So like as I scroll along here, look at how these numbers change. Right. And they update and they fill in an update the previous number that was just there. Okay. So now we've lost the data that was there previously. Okay. So it's always changing. These numbers, the liquidity here at these price levels are always changing. Okay. So let's just cover it quickly here. Here's our best bid and offer here. Here's our depth on the offer and our depth on the bid down here. Okay. These are traders providing liquidity with limit orders at these price levels. That's where they want to deal. Okay. And they're always changing. They're adding and pulling liquidity. And that's it's great to see it's important data for making insightful trading decisions at that very moment in the current market. Okay. But now you don't know the problem here is that you don't know where that where they were previously. What about the areas around them? How how is this auction really unfolding? And well book map will solve that with the heat map. Okay. Actually let's go to the current market here. Nice breakout. And a lot of volume on the breakout. We're going to cover this in just a minute here. This is initiated buying. And we have a strategy that we cover in the book map education all about going over initiated buying as well. Okay. So note the huge volume just in the in the sub chart here but look at the you know these huge volume dots and look at the color of those dots. Okay. So we understand what type of volume it is. Okay. So if we look at the current market here let's look at this auction. Okay. And here's my auction. I can see what's going on here. Now you can see how quickly these numbers are changing. And we can also see because I have a current order book as bars that gives me the graphical representation of the liquidity. So I know right here at forty seven sixty is the highest in the book right now. I'm sorry. No forty seven eighty is the highest. Right. But on the on the bid is it's down here. Okay. At sixty. All right. So and that's good. That's good data. But we don't know. You'd have to keep an eye on that area remember it record in your in your head how much was there. And did they add the poll etc. Now with book map that is all recorded in a heat map. Okay. So in this current window here this is our best bid and offer currently. And our last traded volume is this number here. Right. And that's to the right of this white line here. Right. Okay. So and we give a graphical representation in the heat map to that high liquidity. So you can see very quickly high liquidity here. Okay. Now you can adjust for it with the contrast configuration button here. And we can look at every single you know granular level if if you like it's up to you. Okay. But now we have a lot more detail here. Okay. But we want to target some of that high liquidity. So let's bring up the white cut off a little bit and we'll just stop right there. Okay. So now this this data here that problem in the dome where it's fleeting and you won't have to remember it any longer because it's recorded. Okay. As this heat map is generated it is transposed onto the chart historically. So now we understand what this auction looks like. Now we can start to extrapolate and unfold the meaning behind this liquidity here in this auction. And as I zoom out it's all recorded here. So now I can see it all. In fact let me turn on extended heat map. Okay. There we go. We're seeing all sorts of stuff here and lots of stuff to cover here in oil. But these were areas of high liquidity up here previously. Okay. And they just charge right through it. And that's our figure here. That's what we were looking at that 4750. When we hit the candle sticks up. All right. Okay. And we can see it just charge right up and through that area very quickly. And we're going to see a flip of the book here and some algorithmic activity pulling price or you know that shorter term high liquidity skews that book and then it's pushing it into higher liquidity further up above. Okay. All right. So anyway. Yeah. Nice sweep of the book here. No question. But and that's how you usually get to new trading levels is by they just take all the liquidity. Right. Okay. So now this heat map. And I know this looks like a lot of data here. But what we're looking at here is a very, very clear and objective view of how this market unfolded. Okay. It's just this heat map is just showing the auction where the historical dome. Okay. Where they were bidding and offering. And now we can understand their behavior. These striations that we see here is the adding and pulling of liquidity. Okay. You'll see it. The heat map will change in the current market window. And then that change is recorded. So when they when you see it like flash like this area up here, that'll come in as a striation in the in the heat map as you can see right in these areas here. Okay. All right. So now we can start to gauge the intent of traders at these levels and start to understand if they mean business, if they want to trade at these levels or not. Right. All sorts of information here is now at our fingertips. Okay. So that candlestick chart is really lacking quite a bit of information. And now we can see it pretty, pretty clearly here. In fact, let's just let's just take the candlestick right off the chart. Okay. All right. Okay. Well, let's cover this this breakout here because it's a it's a nice very solid breakout. And this is initiated buying and someone decided that maybe there were some news. I don't know. But at this moment right here, let's just zoom in here and check it out. Okay. They just, you know, we just see massive, massive buying come into the market. Okay. High liquidity here. We can use this rollover tip tool tip here and we see there was very high liquidity here for oil. Okay. You know, we're looking at, you know, 200, 300 contracts or 225. And then we see, you know, that liquidity here. Look, look how we know that they stayed in the book and that 163 contracts. Let's zoom in a little bit closer. 162 contracts of this 194 in the book actually traded. Okay. We know that it's fact. We can see the liquidity stayed here in the book. Okay. They these sellers got what they wanted. They wanted to sell and provide liquidity here at 47 or I'm sorry. Here. Okay. At 4740 the 194 here. Okay. And so far 88 have traded and I say scroll forward. Okay. Then we see what, what really unfolded here. Okay. Okay. All right. And so there, there it is. And we know that they meant business and they stayed in the book. Okay. A lot of times what we'll see is that liquidity pulls. Okay. So at the last moment, they don't want to be a seller up here. All right. And we see it happen all the time. And they're still, they're still buying or they're still, you know, waiting in the book and getting filled at some of these areas here. Okay. But the, when you'll see what I mean when they, when they pull, you know, they'll, they'll provide that high liquidity and then it'll trade up into that area and then they pull it before though. Right. Like potentially in some of these areas here, like high liquidity here, 356 and they start pulling it. Right. Okay. So when they start pulling like that, then what's going to occur is this is going to fly up to the next level with some aggressive buying. Okay. And that, that's exactly what happened. Only by a tick. And then we got a couple pullbacks here. All right. Okay. Okay. Well, let's see, any questions? Of what, what book map is showing and getting into to reading it and understanding it? Well, we can just quickly go over longer term liquidity. Okay. So longer term liquidity and the with, with the intent to trade, we just covered some of that is like this area here. Okay. And, and they stayed in the book. Okay. They wanted to be a seller here and they, they got it. You know, they were filled with by buyers. So they were met with buyer buyers here. Okay. The longer term liquidity up in these areas as well. Well, it's a combination of getting filled and pulling as well. Okay. And that allows, you know, the aggressor to trade through these areas even quicker. But anyway, the distinction here is longer term liquidity that stays in the book and wants to trade and acts like a magnet because that's where the market can trade. Okay. And the auction has already digested that information. Okay. Because it's been in the book for a long time. So we know that's where the sellers are. Okay. So when we get that, that very high liquidity like areas like this here. Okay. That's very short term and usually very aggressive. Okay. This is actually a few ticks away. But you know, I'm looking for maybe something even closer like, you know, one or two ticks away. This is a new information for the, for the market. Okay. All of a sudden we see more demand pop into the book that, you know, comes into the auction. And that's going to skew that auction. And now this new high liquidity that skews the book in the market digests. This initially repels the price because, you know, there's an imbalance here in the auction and the market has to digest that. And it usually digests that by reevaluating itself. Okay. Within the auction. And traders react to that. And where this becomes, you know, something to understand and integrate into your trading. And we're seeing all sorts of stuff in here. The key here is to make that distinction between that longer-term liquidity that stays in the book with the intent to trade because it's first in, first out. They're waiting in line and they won't give their place up in line to trade. That's a disadvantage. Okay. So this shorter term high liquidity that pops in and pops out of the book. It has, price has a reaction to it. But they don't really have the intent to trade because they pull the liquidity. They're here for a short period. They skew the auction and then it's gone. Okay. So for example, this short-term liquidity here is pressing price. Okay. It's skewing the auction and pressing price. And you see how that, you know, basically in the end here, we trade into this 55 area, which looks to me like it was the intent of this shorter-term high liquidity. Okay. And we can see it still following up. Right. And pressing price through now, of course, combine that with the aggressor and you have something very powerful. Okay. So if you still see continuation here with that initiated buying with that little push and skew in the auction, you get some pretty powerful moves. Okay. All right. So what do I mean by I saw a lot of different things in here? Well, just look how, you know, this is, you know, one tick away from the best bid and how they're adding and pulling liquidity here. We can match it on both sides as well. I mean, you can see that some of this adding and pulling here actually starts to relate on the other side here, on the bid side. And these have got to be some of the larger players. Okay. And their algorithmic activity that is skewing the auction. Okay. And look how we know, like in these little areas here and here, it has to be a very, very high probability. It's the same player because high liquidity is pulled from this area here at 4750 and then added one tick above. Okay. So, and you can see it. All right. Okay. So at the moment it's pulled, it's added one tick below. All right. So that's that algorithm. Anyway, you're going to start to notice all sorts of things within a book map. And you're going to start to understand the intent of these traders and what their, maybe some of their objectives are. Okay. So for example, this is another example here, a very, very aggressive example of a flip of a book. Okay. And this is, you know, kind of a little bit larger, larger view of that flip. But they were here at 4750 and below with very high liquidity. We see, you know, massive amount of buying to the upside here. And then we see them flip over here now to the bid. Okay. So from the offer down here to the bid here. Okay. Usually we'll see the flip, an aggressive flip will still, they'll be at 4750. You'll see the breakout. And then you'll see them flip from the offer to the bid at the same price level. That's still very aggressive. A lot of times you'll see it maybe just some ticks below and then they start to fill that area in with high liquidity. Right. But in this case, they're up even quite a bit further here. Okay. From 4750 to 4760. So 10 cents higher. Okay. All right. So that's, let's do our current analysis of what's going on. Okay. And this is the process that we used to go through in the webinars and we'll still go through it, you know, in future webinars. But I'm going to change it a little bit and kind of mix it into the educational course material. So we usually look at our higher time frames and then we look at our structure, microstructure. Okay. And then we want to very objectively look at the order flow. Okay. And this will be done very objectively. Right. And reading this. And that's going to allow us to pinpoint, you know, entries, exits and trade management. So showing up to the auction, this is the process. Okay. We want to understand the current configuration of the book, where are the majority of the players. And then we want to understand their behavior. Okay. When price approaches them. Okay. Do they add liquidity? Where is it added below or above? Where are they currently are? That gives us a lot of insight. Okay. Or are they pulling? And if they are, where are they pulling and adding it to? Okay. What about the other side? Okay. We want to understand that behavior as well. Okay. And then we want to read the tape. Okay. So let's let's do that process here. Okay. So very quickly and very easy to do current configuration of the book, 4760 majority of the buyers. And yeah, probably, you know, somewhere around this area here at 78, we see the majority of the sellers. Somewhere around in this area here. Okay. Just looking for areas of high liquidity. Okay. That would be the current state of the auction or the book. Okay. All right. And how do these areas behave when price approaches them? Well, we get that answer right here. You can see that high liquidity was here and we see a nice trading dot and we can zoom in and we can, we know exactly what really occurred here. Okay. Big flurry of activity. Some of it, some of it traded, some of it was pulled. But yeah, that's, that is our answer right there. Okay. So some of the other areas, you know, we'll see them start to pull. Okay. Our flip of the book, pretty aggressive, pretty, pretty aggressive. You know, we can see them here at 60. And then as price is coming down toward them, look at them bid up. This is really aggressive. They were at 60. Now they're at 61. Then up here to 63. And then what about those areas? Okay. They started to pull some of it, but they still stayed in the book here too. Okay. So a little combination of both, but this is, this is pretty aggressive. And same over here that we see a little more pulling. Okay. As price came down and finally tested into that area. Okay. So that's why we were making that distinction that, you know, we thought, well, that was another example that was back over here. That algorithm working back and forth, still trying to, it's probably doing this, probably the same algo working it back and forth here, trying to press price higher still. Okay. But anyway, yeah. So they have intent to trade here. Okay. That's established previously when price was here, they have intent to trade. Okay. So we can look at that and start to piece that into our, our auction right now. Okay. So we want to know. Do they have intent to trade if we come back to that area now? Okay. And we'll get our answer. All right. Now the final piece to, we've read the auction now. We've read the intent of the traders at some of these areas. It's, there's a lot more to learn there and a lot more to cover. And it depends on the context of the, the auction that gives us the insight to objectively read this order flow. Okay. Very, very aggressive. What if they stayed at 60, but they, instead of adding here, they were, you know, adding down below and maybe they started to pull some of that liquidity at 60 and added a couple ticks lower. Well, that would show more bearish behavior here. Okay. This is extremely bullish here. Right. And we can see how price reacted to it. Okay. What about the, the traded volume? What is, what is that telling us here, the transactions, where the transactions really took place? Okay. The time and sales. And basically we're looking at like a horizontal time and sales here in book map. And we can just read the, read the dots. And just like a footprint chart here, except this can be done graphically. Right. And as I zoom out, I just get an overall feel for it. Well, there's a lot of selling here. Okay. But we're still holding structure. They're still aggressive here in the auction. But there's been just a massive amount of buying up to this point. And then we start to see sellers start to get more interested in here. And let's just read this area here. Okay. Currently in the last maybe 10 minutes. Well, I'm, I'm seeing that lack of aggressive buying here. Okay. In these little areas, these little pockets. And this is that exhaustion that we're looking at. Okay. We were looking at earlier points of exhaustion. Okay. So we might get a switch here. And, you know, the, we see the, you know, a lot of transactions taking place at some of these points here in this trading range at least at the lows. Okay. Now that doesn't mean the, the initiated and the initiated, initiated, initiated buyers, they, they may step in right now. We will see. Right. But, you know, it's been very bullish so far. But, you know, there's, there's some selling in this area here. So we, we also could get a test into that 60 area that we were looking at. Okay. But it's again, if, if all of a sudden the, those initiated buyers jump in here, then this, this picture is going to change really quickly here. Okay. And let's read it. Okay. It's starting to happen here. But it's looking pretty meager. Right. I'm not seeing much. Right. We want to see big green dots. Okay. Above this range here. Okay. So the range that we're looking at here is this 73 area here. Okay. So what's unfolding? Look what just unfolded. Okay. There are some. Okay. Not much though. And then they started to jump on the other side here on the offer. So we're, we're, we're, we press down lower. The sellers have an opportunity here to, to hit the bid. Maybe we can get down below the swing here at, at what is this 66. And then maybe finally get our test of 60. Right. This is the, this is the moment for that. Okay. I think we're going to get a test at least to the other side here at 66. Okay. And we can also look at another thing, initiated buyers. They can still jump in here because we haven't traded below the POC of this range yet. Okay. So we need to be careful. Right. And that's at 70 here. We can see it. Right. We have a CVP, which is our chart range volume profile. And I can, I can see how much traded here. So 7,000 contracts within this viewable chart range. Okay. All right. Let me get to some of your questions here. And as we watch and read this here. Okay. So, yeah. So the breakout that we see. Well, I'm kind of covering this CVP question right now. Right. So, you know, we still, it's still kind of, you know, it's not determined yet. I mean, those, we need to see the, you know, the buyers show up here and they still can. Right. If once we get below the, and start trading below this little 70 area here, that's when I think we'll get that test down into 60, you know, 47, 60. But they're holding it here. The buyers are still holding it. Right. So they're still, they're still remaining in control here. And if they want to lift the offer and maybe get to the figure up here, get up to 48, well, this is their opportunity now. You know, they need the, if they have the buying pressure. Okay. If not, the sellers are going to push it below 70 here. Okay. And we're going to see some, some volume dots on the sell side happen here. And we're going to see them flip from, you know, maybe they'll pull some of this liquidity here and they'll be starting to add liquidity, high liquidity on the other side of the auction here. Okay. On the offer, aggressive. Right. And press price down into some of these areas here. Okay. So a few different scenarios. And we're watching them waiting right now. And the key area is this 4770. Okay. All right. Let's see, William, do you have a filter of volume size? I usually don't. I usually keep it on the default. But what William is talking about is, you know, you can in book map filter your volume dots to fit your trading style. So you can click on studies configuration here and then click on the volume dots. And that is here. Okay. And the dot size of course, the transparency of it. There's also some dots clustering here that you can, you can change by a smart algo by time and by volume or the filtering that William is talking about here is minimum accountable dot size and minimum accountable trade size. I'll start with minimum accountable trade size. If I input here 100, okay. Probably nothing's going to show. And nothing does. Okay. Because this is oil. If I input 20. Okay. We see some dots. Okay. Not much. We see these little dots here. They represent one order. Okay. One trade for a volume of 20. Okay. And that's the trade size here. That's how you can filter for the trade size. So if you're looking for, you know, your more larger block orders going through the time and sales, this is how you can filter for it. Okay. I usually keep it at one. And then if I do any filtering, I usually do it here with the minimum accountable dot volume. Okay. And what does that mean? Well, let me let's first input filter and we'll input 20. Okay. And I have a lot more dots show ups than than before. Okay. So what this means is so, you know, basically you're just trying to filter it out to lessen out some of the noise. So you have the overall feel of what these dots are showing you. Okay. And here's that little fight for that POC. So 47. 70. Right. That's what we're looking at. Okay. And we needed, we still need to see more aggressive selling here. Okay. But this is what pushed it out of that little area right here. Okay. That selling. Not too much from the limit order book to be honest, a little pressing here. Some pressing here. Clearly. Right. Okay. So anyway, the, as I showed you earlier, when I zoom in to, in, into these areas here, I'm showing you every single event that took place. Okay. Now, when I have the filter on, what, what exactly is this showing me? So it's because I start zooming in here. Now, I know there's trays that took place here, but they're not, they're not in the view. The reason being is that the dot minimum dot size filter here, as I zoom out, it's not until within one vertical pixel slice of my screen that shows where a volume of 20 contracts traded. Will I get a dot? Okay. And that's, that's how it works. Okay. So as I continue to zoom out, it's just visually aggregated. So let's say, if I put in 50, you're going to see a lot of these smaller areas here. That condition won't be true. This dot right here won't be 20 or less. Right. It'll be looking for 50. Okay. These will show up, I imagine. So let's do that. Okay. These show up, but some of the other ones don't. Let's put in 150. Okay. All right. So now everything is gone except for these two and some of these over here. So within these areas, I know that at least 150 trades must have traded. Okay. A volume of 150 must have traded here. Okay. And I can, I can verify that with my rollover tool and I can hover over the dot. And I can see this, this dot is for a volume of 274. And this one here is for 299. Okay. So that's how that works. And I usually just keep it at the default here. Okay. Okay. Let's see. No, we covered, you know, we covered icebergs so it might be better to, if you guys are interested in the icebergs, maybe watch some of yesterday's. Okay. William, I hope that answers your question on the volume dots. Now the smart clustering thing is something different. It filters the volume as well, but it still displays every single trade event. Okay. Okay. Yeah. No, I'll go over that Apple tweet in just a minute here and we'll wrap up on that one. Okay. Michael, when I mean flip of the book, well, just that it's really a flip. Usually, usually it's, you know, most likely the same large players flip from one side to the other. And it could be a trap a lot of times, but it's putting a cap on the other side and now it's going to establish that trading range as, wow, okay, well, you know, this was where the responsive sellers were. Now they're responsive buying right on the other side. Okay. No, initiated buying can happen inside the value area. Absolutely. That's what pulls it out of the value area. It's exactly what pulls it out. Svetlana, okay, you want to take a look at the, Mirza. Well, welcome Mirza. The red number signify in the COB column. Yeah, this is the iceberg detector. Let me turn on the iceberg detector also for our indicators here. Okay. So this was the old way we used to display them. So we still do. It's 59 contracts more volume traded here than what was in the limit order book at that time. Okay. But the iceberg detectors now much more improved and enhanced and you can see it here with the number. And these are, the red numbers are, it's more aggressive volume that traded here on the offer than what was in the book at that time. And then it's red because the icebergs here, you know, they're going on the short side. And then green down here, they're absorbing, but these guys here, they're going to be, you know, with their hidden orders, they're going to be looking for, you know, moved to the upside. Okay. That answers that question. We can take a look at quick, we're running out of time here. A quick look at the ES and let's see, you wanted to look at specific time, low of the day, not much exhaustion. Well, no, I mean, this is more like a V-bottom here. This is something very different. And this is like a flush through into an area. And usually, yeah, you can see that it's usually a lot of absorption down into these areas here. And, you know, that's kind of what we're seeing. I mean, look at all the liquidity here. Look at that nice, you know, order book and balance right here. Very aggressive, very, very aggressive. So this is actually a pretty nice example, because look at 202 contracts, 9 and 100 here. You know, we have a lot of icebergs going off. We have, this is a pretty significant area here. Look at the order book skew trying to press price lower into some of these larger contracts down here at 72. And then we see the initiated buying. And then look at them getting very aggressive here on the other side. So these guys were aggressive on the offer. Now they're getting aggressive on the bid. Pressing price up into where? Where is it going to go? High liquidity. Looking for high liquidity. And then look at them build out this area here. Very, very, very bullish. These are, yeah, this is really significant liquidity. I haven't seen, you know, this kind of, and look at how these traders, you know, I mean, you can just, you know, this is larger players here. Just by looking at the way their algos are behaving here. Okay, so that's the ES. So let me run it out of time. I want to get to all your questions. And we will end on that Apple example. Even if the volume dots are filtered, well, they're filtered, but it's all still in there. The volume bars in the column, in the column, they're absolutely aggregated. Yeah, no question there. Yeah. Yeah. And it depends. You know, if it's a SVP, that's for the entire session, aggregated at that price level. Yes. Okay. So you're talking about these volume columns over here. Okay. On my SVP here, my chart range volume profile, let me not split out the data here. Okay. So for the chart range, I have it on reset as well. Okay. I do not want that. There we go. Okay. So the chart range volume profile is going to give it for just this chart range. Okay. As I zoom out, you can see it's reflected the volume activity in this chart range. Okay. All right. Any other questions? How does this work on NQ? It works great on NQ. And yeah. I mean, here we go. You know. In fact, okay. So let's jump in and take a look at Apple here. And look at this return. This is where we broke from here. Okay. And there's going to be like a, you know, you see the initiated buying in this area here. We turn right back to where we broke from, and we see them provide high liquidity here. Okay. They were here earlier. Okay. And they were also here at this little point here and here. Okay. But right back down here is where we see the change again and they're still buyers. Okay. And we come back up and test the high. I don't understand your question. What is the HTE clue or HFT? I don't know what you mean. Okay. Yeah. Beautiful on the NASDAQ. Okay. All right. Good. All right. So I covered it for you. Okay. Okay. Good. Well, technically going over initiated buying, usually, well, it depends, but, you know, what range, what timeframe, I mean, is it the higher timeframe? If you look at a higher timeframe, well, on a lower timeframe, you know, that initiated buying would be in a different range. If we look at oil here, okay, let's go over the oil example. You know, the initiated buying happened at the top of the range here, right? And that's what you're talking about, Francisco. And yeah, then, you know, that is correct, right? But, you know, a lot of times you'll see it, you know, you'll see a small range within a range. And then you'll see that initiated buying, you know, it's what climbs out of that larger range area. All right. Okay. Okay. All right. Let's end on the tweet from our Twitter account here. I haven't taken a look at this. So let's take a quick look. Okay. And what's your question here? Oh, there's many ways to look for that initiated buying. Using the chart range volume profile and splitting the data out is one of them. Or you can just look for the large dots and the color of those dots. And that immediately tells you. Okay. Let's see. Collisions. Well, collision means that this is a term that futures trader 71 uses. And it's just high liquidity. That collides with the aggressor buyer or seller. Okay. And, you know, they've met, right? And that area is filled. That's what that means. Okay. All right, guys. Any more questions? No, not a retest. Just a transaction. Okay. Okay. All right, guys. Well, if there's no more, no more questions and let's wrap it up. And let's see here, give that 14 day trial period a shot. See if you like it. And then come to these webinars and ask questions. I'm happy to go through these. A lot of these features for you in the live market. And show it to everybody as well. Because there are so many things here to go over in book map. For example, Francisco is talking about initiated buying. A lot of traders really like this. So they like to look at their CVP column. And they split the data out. Okay. So note, note the difference here. Okay. So I can have it as a profile here. Okay. With bars and numbers. I can show bars only. I can show numbers only, whatever. And I can split this out. Okay. So if I split it out, because we have the Gresser classification, I can see buyers and sellers. Right. And now for that initiated buying, you're looking for this kind of activity here. Let's go over that. We'll just kind of scroll back. Okay. So here we are moving along and let's just zoom in a little bit. Okay. And then all of a sudden. Okay. We start to note. Okay. As price is coming up here. Note how like, I mean, this is kind of equal at the moment. Okay. Well, here we start to see the dots. Okay. And now you can look directly at the data here. Okay. And you want to look at bid versus offer. Where those transactions are taking place. And you start to see more transactions taking place here. You know, with the, with aggressive buying. Okay. And look at the, look at that skew now. Okay. And that's giving you that clue. Well, this is initiated buying pulling it out of this micro range right here. Okay. So a lot of traders like to look at that specifically right in the order book. We've got it. You can look at the data for volume. You can look at also the trade counter. So this, these are the number of events that took place. Okay. Or I can also look, look at the number of quotes refreshed at that area. Okay. Why would you want to look at that? Right. Well, it's because there's activity. And they're, we're looking for areas and flurries of activity. And I think of it like pit noise. Okay. And where there's interest in trading. And that, that's what we want to note. Okay. And the quotes counter can do a real nice job of that as well as showing quotes stuffing. Okay. All right guys. Well, thanks for coming. And let's wrap it up. We'll call it a day and we will catch up with you tomorrow. All right. Yeah. Thanks guys.