 Good cast is now starting. All attendees are in listen-only mode. Good afternoon traders. So welcome to the Bookmap DX feed webinar. We're going to be looking at some US equities here and data visualization of those equities. And the thrust of this webinar is to show you how to get a competitive advantage right now using Bookmap. And by the end of this webinar, I hope to deliver on that. Let's go over the risk disclaimer. Trading equities and futures involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Okay, a little bit about me. My name is Bruce Pringle, a trader of ten years in a variety of markets. Order flow specialists here at Bookmap lead at the Bookmap Trading Education and then expertise in order flow and market microstructure. You can reach more information at our Twitter handle at bookmap underscore pro at bookmap.com as well as our YouTube page. Look up Bookmap and reach out to us at support at bookmap.com with any questions. Okay, so starting off the presentation, get a competitive advantage now. That's a pretty bold statement. And how am I going to prove this? So just jumping into this webinar and looking at the software, how are you going to get this advantage? Well, this is what we're going to cover. We're going to be able to see all of the market liquidity and full depth of that market. We're going to read the order flow and the micro and macro structures. We can use the dome on much higher timeframes in Bookmap. We're going to read the algos and larger players. That would be relatively impossible to see on a regular dome. And then I'm going to show you some examples of some Bookmap traders. And then we're going to go over live market analysis and we're going to set some orders in the market too. Because I want to show you some of the one-click trading that you can do with DX Feed Bookmap. All right. Well, we're going to start off with this chart here of Apple. This was back on March 22nd. And just there's a lot of things going on in this chart. And for those of you who are new here, probably aren't too accustomed to this visualization here. What are we showing? But this is where we're going to go through the webinar and then we're going to revisit this exact same chart. And hopefully you will be able to read some of the basics here and understand how this is giving you advantage where you can start to anticipate future price movement based on what Bookmap is visualizing and telling you. So overview of DX Feed Bookmap. Let's just start here. What is it? Well, Bookmap is a platform, a trading platform. You can trade right from the chart. And right now, DX Feed integrates with interactive brokers. So you can trade from Bookmap chart and have the transactions take place in your interactive brokers trade or workstation. Okay. So Bookmap is a visualization software that shows something very unique. And then DX Feed connects Bookmap to the U.S. equities. All of this allows for the insight that you're not going to get through other platforms. And we also can connect to futures markets as well as digital currencies as well. Okay. We're going to start off with a quick poll and just want to gauge and understand how do you use the dome? So let's start this poll here. And if you could, you can vote multiple times or multiple categories. So see if just get your feedback on this. So just looking for how you use the dome rarely because you don't find use of it. Or if you're just using it for setting and managing your orders. Or maybe you are analyzing just simple levels of liquidity. Or perhaps you're looking at it very specifically at price levels of interest on a higher time frame. Or maybe you're a scalper and you basically use the dome exclusively. You're not using it on any other time frame. Not really looking at the candlestick chart at all during your trading day. Okay. Can you guys see this poll? Okay. Great. All right. Well, yeah, please cast your votes here. And when we have something a little more significant here, then we'll stop. All right. Good. Good. All right. Thank you. Just a little longer here. This is good to know. So it looks like you guys like, you know, some scalpers in here for sure. You know, using it heavily, some experts in the dome, you guys are going to love book map. And others that are looking for just, you know, some simple insights at their levels of interest on higher time frames. Well, I think we're going to demonstrate that pretty clearly for you. And how to manage those trades as well, I think is really going to be beneficial for all parties here. Okay. Because you have the liquidity heat map in front of you. Okay. And DX feed book map. All right. Well, let's end it up there. It looks like kind of a few heavy scalpers in here for sure. And some others that most are dome traders here. So I'm not finding a lot that rarely use it. That's, that's good that a lot of stock traders, they aren't really looking too heavily at their dome. Okay. Anyway, all right, let's move on. And we can close the, close the poll here. And let's see. Okay. And you can see my screen again now. All right. Okay. So let's move on. And start to talk about some of the market data here. Okay. With DX feed book map. And why, why the data is important. Okay. It's going to make a big difference here. And why is that? Well, well, first off, most of the traditional charts that we're, we look at like candlestick charts could be Renko chart could be, you know, point and figure chart really doesn't matter. But when you open and access those types of charts, you're looking at aggregated data. Okay. And you're basically looking at only executed volume. And it's really just about 10% of the data that's in that candlestick or in that bar, because, you know, open, high, low and close of the bar. That's what you're looking at. And for the most part. Okay. And then you might have studies indicators of the volume of the time and the price. But those are derivatives. So it's really not chart data. It's some sort of calculation based on a derivative of the time volume and and price. Okay. And in the end, I mean, really, you're only consuming about 10% of the market data that's out there. Well, what we show in book map here is is 100% of the data. You're still getting all the executed volume, but you're not getting aggregated data. We're showing you every single price event that took place. And you're getting full depth of market here too. So on your dome, most of the time you guys are looking at maybe 10 deep on the on the bid and 10 deep on the on the ask. Okay. Using DX feed book map, you're looking at the full depth. Okay. Several dollars outside of current price. Those are active layers. Okay. So that's something that is extreme advantage here. And I'll show more of that in just a second. Okay. All right. And using that full depth of market, we are able to look at both current and historical. Data. And that's why I brought up that poll in the first place because most of us are looking on higher time frames and not scalping. And if we are looking on higher time frames, well, what good is the dome because you can only use it for the current market or just maybe recent historical market. Well, when we look at book map here, we're going to show you the entire market. And we'll go through some live examples as well. So no problem with that. Anyway, this triangle here, this is an important because based on the data that we see, that's the foundation because we're going to draw information from that data. Okay. From that information, we're going to extrapolate knowledge and make trading decisions. And then based on all of our knowledge over time that that leads to wisdom. So it all starts with the foundation here in data. So this is important. And so let's get into some of the distinctions here. So data makes a difference. Basically it's back to that idiom garbage in garbage out. So DX feed book map covers all us equities. You get full depth of market low latency. We have servers around the globe. And you have some choices here for data. You can get NASDAQ total view and last sale. You can get edge, which is bats or edgex. And you can get a combination. You can get both of those together, NASDAQ and edgex. Anyway, I go over some of the pricing details a little bit later. Let's continue on here. And we're going to just start with a regular DOM. And I'm going to go through this quickly so we can get to some of the live market analysis. So please ask questions if I'm going too quickly and want me to slow down. Else we're going to go through this quickly here. All right. Using the regular DOM. Well, it's good. You can see the auction. You're able to optimize your entries and exits. Some of you guys had replied there in the poll. You can see the larger players. You can see the depth of market. And the professionals are using the DOM. Now we're going to compare that to book map. This is what it looks like in book map. Here's your top of the book here in your DOM. Looking at Green Mountain Coffee. And yeah, well, here's the bid at 24.64. And I'm sorry, that's the bid side. And here's on the ask side here at 24.66. So two cents spread. Anyway, that's the top of the book. Here it is in book map over here. Here's your best bid and offer. You can see the best offer here is this red box or rectangle. And then the best bid is here. This is your depth of market on the offer and your depth here on the bid. So let's just go through the depth on the bid. You see it here in the DOM. And this is what it looks like in book map. This is with Apple compared here to Green Mountain Coffee. And then on the offer, here it is on the offer side. And this is what it looks like in book map. The disadvantages of this DOM was just mentioning it. There's no historical view. When these numeric values change, they're gone. There's no record of it. So that allows you or does not allow you to read the algos, the larger players over time. It's very tedious to read that. And certainly, you're not able to comprehend micro and macro structures and put together the context of the story between the buyers and the sellers here. All right. So the advantages with the book map DOM, well, it's a quick graphical representation of that order book. We also have the consolidated feed altogether at one price level. And then we can very easily read the microstructure and the macro structure as well. OK. So let's take a look here at some of the other elements in the chart. Let me go back here and define some of this in the book map chart. OK. So here's your best bid and offer right here. Everything to the right of this vertical white line, this would be the current market. OK. Here's your last traded volume, this number here, 40. And then you can see it traded here at 186.27. This is Apple. All right. Now, areas of high liquidity. OK. Where are they in the book? Well, it's all in the heat map. So you can see that up here at 186.45, we see 3,600 contracts and then 2,200 contracts. But look at this area here at 186.50, the figure, over 31,000 contracts up here. OK. This area is dark red. OK. So the scale of the heat map is if it's red like this, then that's the highest area of liquidity. Orange is next levels and then it goes down to yellow and then white and then blue and then black. OK. So that's how you can start to understand very quickly areas of high liquidity in the book. OK. And you can see, I mean, we're, you know, I mean, this is, you know, 25 cent move here up to this 186.50. All of this is live in real time. OK. And we can zoom out and we're going to look at several dollars up to, you know, 190 or whatever. And it will still be live. But what's interesting here is we take this data in the dome and then we transpose it on the chart historically. So look at these striations here in the dome. OK. So it was orange and then it was yellow. Then it turned to orange and back and forth and back and forth. Well, that's the adding and pulling of liquidity. So when you see those numbers change in the dome, this is what it looks like when it's been recorded and plotted on the chart historically. This allows you to start to read the microstructure. OK. So for example, high liquidity here on the offer, high liquidity down here on the bid. And look at the sellers here. They come in and they hit the bid. They trade through an area of high liquidity here. It comes back up for a bid. And then it comes back down to retest these areas. We find more sellers hit the bid right into areas of high liquidity again. OK. More sellers again down into high liquidity down here. So we're starting to understand that, well, this little structural area right here in the microstructure, we found sellers. If they're going to sell, we're going to come down into areas of higher liquidity to find those buyers. OK. Anyway, more on the microstructure in a bit. Let's look at some of the other elements here that I'm starting to talk about with the volume dots. OK. So the red bubbles here, these are the aggressive sellers. This is the same chart. I've just made this a little bit bigger here. And we can read a bit more of the microstructure. You can see that they hit the bid down here. The cell volume are these red dots. Here we see transactions that took place right into and through high liquidity right here. Now, the green dots here, these are the aggressive buyers. I'm not finding too many of them here. There are some scattered at some of these areas here, but the majority of the transactions are taking place at lower lows. So we continue to hit the bid and go lower and lower and have price discovery to the downside into areas of high liquidity. All right. We've covered the microstructure here, started to understand that. Let's take a look at now, this is the same chart. Now we've just zoomed out. The area we were just looking at was in here. In this little area here, this is some moments afterwards. And, well, a lot different now. A whole lot different. So that was a move to the downside, but it was a pullback into a big cluster of volume down here. And we start to rotate back up and start to find some buyers. Now, you can see here, 186.69, here was that 186.50. That would be that target that we were looking at. And yeah, so they're starting to lift the offer up into those areas. And for this uptrend to continue, got to get up into this 186.40 and then 50. A lot of liquidity on the offer up in these areas here. But here's the 9.30 open. And we're looking at 1.30 basically in the afternoon. Starting to understand a lot more about what is required here to understand the auction and who's in control. As we start to trade above this area here around this 186 level, as you can see right here where they're providing high liquidity, we trade through it, come back and we bounce off of it. We look at all the buying that's occurring here. We're looking for price discovery to the upside to where? High liquidity here, here, and here. These are targets. And we trade right into them. Totally absorbed up here at 186.50. We get the pullback and then looking for a retracement maybe back up into this area here. Anyway, the point is now we understand where that high liquidity is, we can use it on much higher timeframes. And look at a macro view here. And that's going to be your advantage. So for example, let's look at this chart of Disney. Pretty stark contrast here. They're down here at 101 the figure and they're up here at 102 on the offer with 25,000 contracts. Not a whole lot down here. It's around 8 or 7,200 down here. It was probably more over in this area here. But they transacted. They trade into that area. They took all of that liquidity, all the sellers. They were able to go through a bit, but that was it. They started to rotate back up. Still sellers are here. You can see the color of the dots, but they're just not able to hit the bid and drive it lower. And instead, the buyers come back in again and they want more at 101. And look at the reaction here. You found buyers. And starting to, you know, some of these sellers maybe starting to flip out and cover a little bit of a short squeeze. We rotate back down to test these guys. We trade into them. Transactions occur here. And we trade through, but not by much. And then start to come back up and find buyers again. Now we can see that we're kind of in a range here, this bigger range. And there's, you know, buyers are showing up here and lifting the offer. But once we get up above this range here, we see a distinction and a change in the order flow. Look at the volume over here. And look at how there is more aggressive buying at higher highs here. And these guys are still down here at 101. They want more if they can get it. And instead, what happens here? Well, we're targeting 102. Because that's where the liquidity is. And this is where the aggressors are going to drive price to find that liquidity up here at 102. And it did trade up into here. All right. So one thing about this reversal that we're starting to see unfold here of, you know, more aggressive selling at some of these areas, but then finding starting to find buyers is, well, we can start to understand now patterns on much higher timeframes in terms of order flow. Okay. Shoulder, head, shoulder, for example. And we're understanding though in terms of order flow and liquidity, well, transactions down here because there is high liquidity. They're still here starting to find buyers now and they're still here at 101 to buy. Sellers could take it lower here. And they have the opportunity to. But they're being absorbed. So if price, if those sellers are being absorbed, well, you got to find new sellers to be able to drive this lower. And we don't. So you can understand why you've got, you get these shoulders like this and why you get this head down below. And then we see this follow through up here and especially up here. I mean, we're getting pretty good insight that we're going to come up and trade into 102. All right. We can also start to understand the context of this liquidity and with areas of support and resistance. And you can see it very clearly here in Facebook. Okay. Here's our 930 open. And we're going to go over this in a few minutes. Look at the open here and look at what you get with full depth of market. Okay. Price opened around this 79, 179.60 area. Well, here they are on the offer at 180, 181, 182, and 183. Look how the buyers come in, lift the offer up into these areas here. Target is the high liquidity on offer. It's acting as resistance here and we pull back. And these guys that were here at 180, flip over onto the bid side and they're here providing liquidity at 180. We trade up into target reached here. We continue on. They flip again. You can see them from offer to bid here. So what was basically resistance is now support. Targeting 182. Buyers in control, lifting the offer, target reached. Final target here would be this 183, which was reached. Okay. Anyway, some nice examples here and you'll see it especially with these equities again and again. Okay. What about absorption and exhaustion? We're going to talk about that. Okay. Well, this is what absorption looks like. Okay. Very, very high liquidity up here and 52,000 shares in Facebook. Trade right into it. Massive transaction takes place here but is just shy of the amount of this high liquidity. 52,000 shares and it was basically 50,873. So they weren't able to trade through the buyers. At 183, the figure here. Okay. So still several, you know, we can see basically it looks like they even added more in here. So about 3,900 contracts still remained here at 183. And buying pressure here completely absorbed. So it has to rotate lower because there's no more buyers. And we start to find here, you start to find the sellers, they're starting to hit the bid and they're targeting down here some of these areas of lower or higher liquidity at lower levels here. Okay. And where is that 182,50 is right down here in fact. Okay. So starting to understand absorption and where price might go. Let's look at again, absorption here in Apple. This was just back on 10 May. And you can see that 327,000 shares right up into it completely absorbed. They're still in the book here. Price has to go lower to find those buyers. It's coming down into an area here where they initiated this move to the upside. Okay. So looking for maybe around this 189,50 area for maybe buyers to come back in. Anyway, just showing the absorption and where it might go based on the absorption. Okay. The opposite of that exhaustion. Let's go over that. Okay. So here's the, you know, higher highs into these areas of high liquidity. But look at the pullbacks. Okay. There's really not much liquidity. It's kind of dark on the other side here. Right. Well, because there's just no interest. All the buyers are there. They're in and up at these levels here on these pullbacks here. We're just not finding sellers at all. It's exhausting out on the sell side. No one's interested in selling down here or here. Okay. So where do we go? We rotate back up to where it can transact because that's where it transacted heavily before looking for areas of high liquidity. And 1606, 1607, for example. Okay. Now, because we record all of the data from the dome. Well, the, a lot of the algorithmic behavior, it can stick out like a sore thumb. Okay. Larger players are definitely sticking out. I think you guys can see that pretty, pretty clearly here. So the larger players with these areas of high liquidity, usually at the figures, big figures, we're looking at Amazon here at 1600. And then look down here though on the bid 1598 and then just above that here, very high liquidity. It's only in here for a bit. Then it pulls, adds higher, pulls, adds higher again and again and again. This is an, it's called an ignition algo. Okay. They are pulling and adding higher very, very quickly. Okay. And getting very aggressive. Here's the best bid. This is the spread in Amazon. Huge spread, of course. And then here's the best offer. And then look at all of the volume. Where is all the volume trading? Well, it's on the offer. Okay. By the aggressive buyers. Targeting this area here at 1600. But the ignition here, the ignition algo is trying to press it through 1600. Okay. There's kind of squeezing this market showing a lot of demand down here, combined with the aggressive buyers, combined with them pulling at 1600. Looks like we're going to trade through and we did. Okay. To the upside. All right. A skew of the book. Again, algorithmic activity. You can see it very clearly in here. This is JP Morgan. We're looking at 114.50 up here. Very high liquidity. And then an algo comes in here. Gets more aggressive with higher liquidity on the offer at lower levels. They pull, add lower. Pull, add lower. Pull, add lower. Get very aggressive. 8800 shares down here. And you can see how it has an effect on price. Okay. As price is not willing to take these guys on. Okay. A lot of supply up here. And we're not finding the buyers to take them on. All right. I got a hustle up here. We're at the half hour mark. All right. Liquidity in terms of economic data. Well, we can also see that today. Since we have had some geopolitical tensions back and forth. Well, here's the same thing. Back on March 22nd about the same exact event as today. Tariff protection and China. And look how it affected Tesla. And this makes perfect, perfect sense. Okay. Now look how right at this area here is where the news came out. Okay. And it was bullish. I mean, we see the aggressive buying come in here and move it or, you know, take place and it starts to move to the upside. And then look here when the buyers really start to get in. And this is a very strong auction, bullish auction to the upside. Okay. These guys are pulling high liquidity at these areas here. Where's the target? Where is someone based on this? If they're going to start pulling their liquidity in these areas here because of this geopolitical news. Well, someone's still evaluating this stock and they think it's worth selling up here. And, you know, these evaluations are, it takes millions of dollars for some of these larger players to evaluate what they think the stock is worth. It takes teams of people. Well, you're actually getting that data for free here because here they are in the book. This is what they think it's worth. Okay. Right up here at 320 and basically 10 cents. Okay. Trades right up to it. All right. Actually trades up into someone kind of front ram this area here around this 118, 50 or 75, something like that. And then trades up further up into this 320 area. Okay. Now, based on this same news, take a look at Apple and it goes down. Same event. Why? Well, a lot of the assembly of iPhones and Apple products is in China. Okay. A lot of the parts might be coming from China. That's going to hurt Apple. You can see the same event, two different reactions for two U.S. companies if you want to consider Apple U.S. company. All right. So the move to the downside now this move to the downside though isn't so clean and sure like that move up in Tesla. Okay. But still again, we're getting insight down here around this 174. That's where people think the larger players are willing to stay in the book, even though everyone else you can see how it's all dark in this area here. Okay. Now, once we trade through 175, the sellers jumping on the other side, 54,000 contracts up here at 175. And this is where they're willing to evaluate what Apple is worth to sell. Okay. Buyers down here at 174, sellers up here 175. All right. The same concept of understanding what an instrument is valued at by larger players. And we can see that here at the open at the market open. So for example, here's our 930 open right here this big yellow line point at 930. Hey, this is Amazon. And look how larger players have already been in the book for several hours. You know, this is what they, for the day, they are already positioned up here at 1580, 1570, 1545. Okay. And some here at this 15, like 52 area. Okay. Well, it traded through here at this 1565. Okay. So that's pretty bullish. And this is pre-market. Okay. And we're going sideways here. Now, based on this move to the upside and trend trading up into this 1570. Well, be looking for that area here to trade. Ultimately, be looking for the target here at 1580. Okay. At this 930 open. Okay. That's where we're going to either come up to these areas here or we're going to see some sort of reversal take place and trade maybe through this 1565 area. And if we see enough sellers, we can get down to 1545. Well, what occurs is here's our 930 open again. Okay. Here. And what occurs is, well, we trade up through that 1570 here. Yeah. And actually it is here. Yeah. It is here. Okay. We trade through it. We do get a pullback. Okay. A little bit of a pullback. Find some sellers, but they're not able to take it further below where they initiated on that buy side. We start to find buyers come up and make higher highs. Targets are really, really straightforward. Okay. Actually, you can see they come in at 75 here, 1575 and then 1580, which was, which was reached. Okay. All right. Now a few of our traders here using book map. Well, here's one trader. This is what he did. He is looking at SPY. He's starting to note how price is coming down in SPY on a, this is a five minute chart. Okay. So if price is coming down on SPY, then he's looking over at the VIX and the VIX should be going up. All right. Well, instead he's noticing here wall of liquidity and book map looking at the VIX and price is coming down. So something's wrong here. Something's mispriced. Okay. Because the VIX should be going up if price is going down. More volatility in that index and instead he sees this as an opportunity. Okay. So what does he do? Well, he jumps in and he buys one S&P E-mini option here, one call. You can see it 255 here and at 1325 he bought. Okay. Waits for price to start to come in line with its evaluation in the VIX back up to the top of this range here. And he looks at the VIX and now the VIX is going down in line with the price coming back up. Okay. And into areas of higher liquidity down here and he decides to cover. He's only in there for six minutes. Okay. And has made a buck 75 on his option or per option. He's looking at profit of 175 bucks for six minutes. Okay. Just one option. All right. Here's another trader looking at VTVT, looking at some of these penny stocks. He sees the move up into an important area here at 150. Okay. Important level here. He sees a lot of volume trading up above 150. Right. But he sees the liquidity here really start to come into the book here. I mean, you know, look at these areas of very, very high liquidity supporting price. They want to be buyers above 150. There's no question about it. And here's what it looks like. Okay. And he's just waiting for this to fill some of these areas and waiting for the buyers to come in. And here they come in this little pop to the upside here. He notes the buyers here, the buy volume as you can see. He's looking to get into some of these areas here on the small little pullback, looking for that continuation to the upside. All right. Okay. So those are some of the things that just visualizing larger players, algos, seeing full depth of market, being able to understand how larger players are evaluating specific instruments and looking at some examples of book map traders. And when you start to understand that context of the auction, the buyers and the sellers in that marketplace, as well as where they're willing to take transactions based on the supply and demand from the buyers and sellers, now you have an advantage over your other traders. Okay. Because they're not able to use the dome on those higher timeframes like that and see all of that algorithmic behavior like that. Okay. So let's jump into some live market analysis. And, you know, yeah, we'll come back and take a look at this Apple chart here as well and start to read it. But we'll jump over and take a look right here at Apple in the current market. Okay. All right. Well, this is the same geopolitical tensions basically in the move to the downside. Okay. Well, here's pre-market. Here's our 930 open. This is where they're layering in already. We already know this information. Look at where they were. Okay. Let's just zoom out vertically a little bit more. Very high liquidity up here at 189. Okay. And they're still there. Right. 57,000 contracts still there all day long. They've been up here. And where were they on the bid? Well, they were showing some interest down here. Okay. At 187 and then 186 down here. Okay. Well, we trade into these guys here at 187. They're going to be lower 186.50 trade through that. Start to come back up though. And then look at some of the targets starting to layer in here. Okay. On the upside right above the swings here. Okay. Looking for any of those weaker hands that are going to be placing their stops in these areas and the larger players are already waiting with high liquidity, willing to provide it at some of the swings. Okay. Those would be some of the targets on the way up. They absorb it, pulls back. We see the breakout here, more volume comes in. And let's just zoom into this area here. Okay. And this is what it looks like. And this is what they're lifting the offer and then breaking above this area here. Here's your strong volume. Let's make the dots a little bit bigger so we can see it. Okay. So it takes a lot of volume to lift it up out of this range here. We get that. Okay. We come up to this area here. We get it as well up into our 188 level here. Okay. That was absorbed. Get our little pull back here and kind of go sideways. And then again, they come in on the buy side. Okay. Targets are really easy to see here. 18850, 18880. And I'm still, you know, let's see if we can get up there to this, maybe 189 for the day here. Okay. Still, we're still a lot of day left. Anyway, that's a look at Apple. Anything else? You guys want to take a look at here. Alibaba. You know, some of these are, it's interesting to see some of these playing a little bit stronger or weaker. Okay. This has already come to, as you can see here. No, I'm sorry. This was a sharp move up into this 19950 area here. And then it's moved back down. It has not come back up to the top again. Let's take a look maybe at some Facebook. Okay. Now we're looking at very high timeframes here and being able to see very clearly. I mean here, look at Facebook just straight into 186 here, as you can see. A lot of transactions. Okay. A lot of sellers down in this area here. And we're, we're rebounding out of that area. And looking for 18620 here because that's where the liquidity is. And I like that area too. Why? Because this is where we broke from here and then we, they initiated on that sell side. And that's why we're seeing other traders are thinking the same thing. They're up here at 18620. How about Twitter? Twitter is kind of all over. But again, we, okay, here's some of those larger players we can see in here. You know, showing some interest in here, but really not that interested because it's shorter term high liquidity. Okay. But look how we, we, we trade up into above the swing here, above this little area here. And we see them, you know, they've been raising the bid in these areas here, these little pockets. And the aggressive buyer continues to lift the offer up into these areas of high liquidity, and never take these guys on at 3355. Okay. We'll come back down and these guys still show in here. Now this has got to be the same player. Very high liquidity here. Okay. 5400 plus contract shares, polls, and then adds a couple of cents higher here. Okay. Reaction of price was to come up and finally get into that higher liquidity up here at that 55 area here. How do these guys behave up here? Did they want to trade? Well, here's our answer. Like over here, here we can use the data tip tool. We have 7500 contracts here, shares. Well, look, they started pulling. Okay. In the end, what traded up here? Well, let's see. It was about, not bad, not bad actually. Let's zoom in here a little bit quicker. Yeah. So they are trading. Okay. They were not showing interest. They were starting to pull as you can see in these areas here. Right. But in the end, they stayed in the book. Okay. And here the number of shares that actually traded here is almost 12,000. Okay. So they stayed in the book. They wanted to be sellers up here. Okay. And we trade one more time up a little bit higher into higher liquidity up here at 3358. And this is what we see transact up here, just about 5500 contracts or shares. And not finding the buyers up here, not enough. Right. Start to rotate lower, find these sellers. And yeah, price has been absorbed. Or the buying pressure at this point has been absorbed up at 58. We're starting to rotate lower. And then they get pretty aggressive here on the offer. Okay. So that's that little peak high here. And why we're rotating lower now. Anyway, this kind of analysis we go over every day in our book map advanced order flow webinars. Okay. Most of the time we're looking at futures, but we do look at stocks as well. So we do this in real time. In fact, we were looking for a move to the upside earlier today in the Nasdaq e-mini. And yeah, just very objectively going through and reading the auction and the transactions together. All right. All right. Well, not seeing not too much at the moment here. Any questions that you have. Okay. Question and answer session here. Let me show you a few different things where there's more that you can find here at this DX feed. And I put this into the chat for you. Okay. There you go. Now you can just scroll down here. And there's more FAQs here as you can see. If you want to get into some of the costs, et cetera, how do you subscribe, you know, the different combinations, et cetera. All right. And I can show you here as well how to get DX feed book map. Just go to bookmap.com. Okay. And then here you'll scroll down to the packages area here. And you need the global or global plus version. And you can subscribe monthly or yearly, whatever you like. Okay. But this is the version you're going to need. One or the other here. Now go through the payment process. Now the next step is to log into bookmap.com after you've purchased your subscription. And then click on add-ons here. Okay. And then this is where you'll have to subscribe to DX feed at that point. Okay. And then you'll, after you click on that, this will be your choice here for your subscriptions. You can get the NASDAQ depth here for $69. It includes 24 hours of historical depth data as well. Or you can get the EdgeX depth as well. Or right now the special that we're offering is the US equities premium bundle here, which includes both of these together. And it's $59 for the first month. Okay. NASDAQ and EdgeX together. Then after that first month, it's $119 for both of them together. All right. Okay. All right. Any questions? Would you like to, you know, I have a bunch of other equities here. If you have any questions, I would like to take a look at here. Just let me know. Let me look at the banking sector, JPMorgan. Now, I mean still not able to, none of these stocks here have been able to get back up into their cash session open here. Not yet. Okay. Even Visa. Let's see how Visa's doing. No. None of them yet. Look at Visa though. See, this is exactly what we're testing this area right now around this 131, 34 area here. Actually, it looks like we're going to trade through to the downside here. Why is that? Because they're pulling here at 131 and they're showing high liquidity on the other side and we're finding sellers here. Actually, someone just now is jumping in here with some pretty high contracts. Here comes the move. Based on just this order flow here, we're looking for this follow through here to the downside. Let's see if they follow through. It might be exhausting out here. Now, they're starting to pull a bit on the other side. They're still here around this 131, 50 area, as you can see. Well, to get that follow through to the downside, I was looking for it right in here. We're right back up into the range though. This looked good right in this area here. But actually, now if the buyers step in on the other side, then we can get back up into maybe this 131, 60 something area up here. Now, they're pulling here. It looked really good here for that moment. High liquidity getting aggressive at 131. Then pulling down here, starting to find some sellers. Now, it's a little more convoluted. They've pulled on both sides basically. If they mean business, they'll stay in the book. That's the insight that you're going to get. They're just both are not sure right now. Buyers are not too sure. Sellers are not too sure. I don't have the notes or bonds up, Mario. But yeah, we look at mostly futures in the advanced order flow webinars. Mostly the stock indexes though. Sometimes crude, a little bit of gold. Sometimes some equities as well. Like I mentioned, something's going on. Some really nice examples of some things or maybe some correlations. There's specific questions they have for those markets. Let's see what else is going on here. I'm sorry. That was Visa. Where's that JP Morgan doing? Trading right into high liquidity here. Both sides though. You can see both sides here. We don't really have any insight on this one here. They're battling it out here on both sides a bid and offer. Very aggressive. How about Netflix? Netflix is bullish. Definitely. Let's see these guys sweep the book here on Netflix up through 152. Next target would be up here at 352.50. Let's see if these guys transact here at this. Are they going to absorb here at 152? They've been waiting there all day. They're still staying in the book. We see the transactions take place. Let's see. Reading this here, bullish move here. Look at a lot of selling actually here. Let's zoom in a little bit. We can even open our cumulative volume delta down here. Here's our bullish move to the upside here, as you can see. Up in this area here, it's been back and forth. There's some buying that just popped into some selling that came in on the other side actually a little bit more to drop it down lower. Right up into this area of high liquidity, they were not able to trade through it. Let's see now if the sellers are going to come in. If they do, basically down around here around this 351 area. We're just in a very small range for the last 10 minutes or so. Here comes an attack up here. It's not a lot of buying pressure. They're starting to lift the offer, but it's on very light volume here. Let's see if the buyers here, they are right back up into our high liquidity. They take them on. Now we know we found the buyers here. We traded into it and we're not able to go through the absorbed it. Now we're trading through it looking for the higher area here at 352.50. They've also flipped here. You can see them flip from the offer on 352 to the bid side. Just looking for a bit more buying here. We can come up into this 352.50 area. Looks good. Pretty strong buying here. This auction looks pretty good. That's what I'd be targeting. Maybe we can make it up into the next level at 353. Let's zoom out here a bit. I take that back. Looks like this has been bullish most of the day here. It's Netflix. It's definitely above. It's swing from the open. How about setting some orders in here? I want to show that you can trade from the book map chart as well. Set 500, let's say. You can use OCO orders, bracketed orders, trailing stops as well. Let's say you're looking for a move back down to where we broke from here. You can click here and set your orders to buy if you're looking for a pullback here. Our initial target was this 352.50. We've traded through that, looking for that 353 area here. It is a protein. Let's see if we can just get a little more follow-through. It looks good. It is a strong auction. This is the target here at 353. The beauty of trading from the chart here and setting some of these orders is you can move them around as well. You can see all of your action here. You can see that I entered here. I stayed in the book here for this amount of time and then I moved. This is all my action here. We can cancel that as well. We can set bracketed orders here. This is just for demo purpose. We're back down to where we initiated here or this little sideways action. Let's get down a little bit further here. Let's see if we can maybe jump in on that buy side. Hold on a minute here. I need to reset these. Let's wait for futures here. Let's flatten this. We're missing our move. Let's put something like this. Let's see liquidity wise. Maybe we should lower this a bit. Let's just go for 100 shares. I look for a little bit of a pullback. I'm going to set a buy stop and see if we can get triggered here. On the buy side. Waiting for more buyers to step in to lift the offer here. Then I'll go along with that amount of buying here. Again, risk disclaimer. Let's just go over. This is just for the demo purpose. Trading equities and futures involves substantial risk of loss and is not suitable for all investors. This performance is not necessarily indicative of future results. Let's take a look here. We didn't get triggered into that yet. Let's lower it down a little bit. See how I'm managing this here. I'm waiting for those buyers to step in. We're not finding them yet. We're back down to almost where we broke from here at 352. Let's see if the buyers step in here. If they do, I'm just going to move this down even more aggressively. Here they come. There I go. I'm filled. I got slipped a little bit, as you can see, because it's a buy stop. I'm long 100. Here's my stop loss. Here's my take profit up here. I'm going to front run this high liquidity up here at 353. Let's see here. On this move, the way that I'm looking at it, they should support this move, the buyers, to the upside here. If it comes down below this 352 area, I'm out. I'm going to move it up there to about 351.90 and lower my risk a bit. Let's see if these buyers start to support this. If they don't, I'll be taken out down at this 351.90. Starting to move up, I'm going to move my stop up as well, because now they're supporting it up here at 352.25. Looking for those aggressive buyers to lift the offer and target higher liquidity up here at 353. It's only 100 shares, but this concept that we're going through here can be used on much higher time frames as well. This is just for the demo. Let's see those buyers up here. Let's see them reach that target and breach the top with some good strong buying volume. Also see them raise the front run or hide my stop behind that as well here. Now it's break even plus, so I'll definitely get at least something out of it. This is what I'm looking at here at 352.50. They're showing higher liquidity. They want to be buyers here. Now they're actually starting to pull. They're starting to find some sellers now. Anyway, any questions that you guys have? We've got to wrap it up here. We've been going over just about an hour here, an hour and five minutes or so. I just wanted to show you, you can trade from the chart here, how you can manage your trades, how all of this is recorded as well. You can go back and replay all of this data as well. All of this can happen in your Interactive Brokers trader account. Here comes another push back up there. Looking for those buyers. Where are they to lift this higher? Just not quite finding them up here. Not yet. Here they come. That's what we're looking for. There it is, target reached. You can see right into 353, beautiful stuff right there. That's why we ran this higher liquidity here because it was absorbed. That's why we didn't place it right at 353. Now it may go higher here and come up through these areas here, but we're looking to get taken out right here beforehand. I don't know what the commission was. This is a demo, but anyway. It's 100 shares. It wasn't much here, but anyway, you guys get the idea of how you can place your trades, how you can manage them since you have the liquidity here in front of you. Looking for those areas as your targets. Putting together this context of this really nice bullish move to the upside that we saw take place at this 352, and then starting to target areas of at 353. Now it was only 100 shares because my initial one for 500 in, 500 out was set with a futures setting. Not 90 and 64, but like 6 and 4 or something like that. That's 4 cents. The spread of this is bigger than 4 cents. The spread of this is actually what? This spread is like 20 cents here. Anyway, use your error on that example. It looks like they still want to trade through this 353. There's lots of buying up here. Maybe we'll get the push through it, but they haven't quite made it yet. They haven't quite made it yet. Still 4,100 contracts up here or shares. I don't know, John, what do you get charged for your commission? Something like, you know, is it 7 bucks, 10 bucks, something like that? Is it each side? Is it 20 bucks overall? If I traded 1,000 shares here, it would have been 20 bucks still the same. Anyway, a lot of traders that we've dealt with are also trading options using Bookmap. They'll be looking at these areas here and then getting in on the option size. Each side is 10 bucks. Regardless of share size, right? Let's say we went for that original 500 shares on each side. Boy, that's pretty high for Netflix. You could have jumped in on the option side, no problem at all. Another thing, we've got to wrap it up here. Another thing about the options trades, something that's really, really nice, is here I'm going with the trend. The Vega in your options is already going to be pretty high. Your volatility, Greek. You're not going to get too much of a pop-out of your option. When you start to see areas of high liquidity totally absorbed, and then you see sellers come in on the other side, let's say a huge amount of sellers come in here at 352.50 here in Netflix. We did not make it through 353. We're seeing it starting to exhaust you a little bit. What if we see just a massive amount of selling here? Well, go into your options and you can buy some puts or sell some calls or do a vertical spread, whatever it is you want to do. But because it's already so high and the Vega is already quite high on this, man, it's not going to take much. Once this starts to move back down and you're in on that side, this is going to be a pretty nice move on your option. You'll see those shifts and change take place all the time. Well, instead of it was down here where we wanted to see more selling. Well, what happened? Well, we exhausted out on that sell side here. You can see it here as well as here. We saw some selling here that started to look pretty good, but they absorbed it basically here. Then they got more aggressive here to skew it into a higher area. Looking for the next level here on liquidity looks pretty good. I just got long again. Oh, boy. Okay. That was an error. Let's flatten that. Anyway, you get the idea that we're still bullish looking for higher and higher liquidity here. Next level is up here at 350, 350. Anyway, let's wrap it up. Thanks for coming, guys. You can always reach out to me at Bruce at bookmap.com if you have any questions regarding this. Okay. Okay. Thanks for coming. Take care.