 All right, welcome to the bookmap trivia. This is our second event here and Yeah, the first hundred get access to it here. It's only in the discord and Put your comments in the hashtag special events, but you guys are in the special events voice channel, and that's where we are of course and We will give out a prize here. It's a hundred dollars Coupon to the bookmap marketplace For the winner here. So should be pretty fun. We had a pretty good time last time Lasts about half an hour or so. I Don't know. I feel compelled to go through the risk disclosure. I don't know why it's just habit But let's go through it very quickly and then we'll dive right in here. I need to give you guys the The code and the Hold on here. Okay the code and it's going to be in the special of hashtag special events area In here, yikes. All right, there you go. So The code is here and we'll go through the questions in just a minute here, but you can see go to www.menti M-e-n-t-i dot com and then use the code here 47 0 0 5 0 0 8 right, so I see some of you guys come in on already and We'll go through it here. Anyway general disclosures all book map limited materials information and presentations are for Educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and digital currencies Involves the central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results All right, so that we can go through a heck of a day in the markets today as Kind of waiting here for a few people more people to kind of join in before we get started because This is based on the Performance your performance not just by getting it correct, but by being also first and being correct so that's how it works and You know, so it's one one time only like you know, you jump in here and you go for it So that's it. We have about six questions here And then we'll go through, you know and cover the answers for for the bit of education So that it's understood what the correct answer was Alright, so I'll give it just another minute or two here for you guys to enter the code It is here again menti.com and then use the code 4700 and then 5008 right, so I put that also into the the Hashtag special events room there Alright so Okay, I see Sweden just joined look at that. All right We got all sorts of animals in here Keen zeal that your your son just said the book mat flyer looks like the mine crafting wants to play. Hey, hey get him in here Um For the for the trivia night here. All right, well let that we got some more people Yep still still joining still joining here, so I'm gonna give you guys another another minute Because this is this is it once we get started. It's it's over start them early. Yeah, I know it'll help your odds That's for sure. I'm gonna wait for Three more people and then that's it. There's a dog two more people And there's a banana and what's it gonna be? What's it gonna be on a watermelon? Okay? All right guys. This is last call. All right, so that's it So we're gonna get started here. All right, so again if you Want to try to join last second here menti.com use these codes up here and there we go a lion just made it in nick of time here and and then we're gonna have six questions and The goal here is not only get the question correct, but it's also based on your speed of the answer All right, so it looks like we got I think 19 in here altogether. All right. We got about 46 in the room here so I Don't know why you guys don't don't want to join here, but that's up to you. It's fun It's there's no pressure in here. Well, whatsoever. It's to you know Learn a little bit more about the markets and have a fun event and then also offer a prize here Look at that a few more. All right got up to 22 and All right guys. Well, let's let's do it. We're gonna jump in here and we're gonna get started Okay, so here we go Get ready All right, why weren't buyers able to lift price? Look at that image there. And what do you think you got two answers and not much time? So Yep, buyer exhaustion is incorrect answer an iceberg Absorbed the buying pressure there. Okay, so Let's let's see who was who's in that who's ahead here. We'll move forward all right, so Who do we got in the lead here George H. You're in the lead you were the quickest and you got it right all right Let's just go through it quickly in here about absorption versus buyer exhaustion Just just something it's a really simple concept. We go through it all the time In the advanced webinars. So first we'll come up here and we'll turn on the stops and icebergs on chart And show icebergs so basically in that image It's really simple like there was an iceberg blocking buyers from being able to take it higher And we'll find an example in here Yeah, I mean you can kind of say it here. Although like the best the best bid dealt did go higher here I could find a better example, but we're I'm gonna just keep keep going here. The concept is basically the same the Look at the buying pressure come in here All right, they were they should have been able to lift price They should have been able to lift it right up into this level up here. There's a hundred nine contracts up here Well, there's somebody here. It's not a very big iceberg. Just just 21 Got filled and they got they started to get filled right here And until this point here and then then they were they were either filled or was canceled or something like that so anyway That kept price from from going higher and then Then exhaustion, okay, was that's actually kind of an interesting example Because that could also be construed as exhaustion At a certain point But exhaustion is more like price comes up and there's no one trades up at that area here There's there's just no one trading. That was not the case in that image that we showed They were trading they were trading right into the iceberg and they could not lift it higher Okay, so the the iceberg kept price from going higher. Just like liquidity would Keep price from going higher. Right. It's just that it's hidden liquidity in the in the in the market and that that's it all right, so Let me know if you have any questions and just put it into the The chat there and and we can go through it if you have any other questions. All right, so let's go through the next one Okay, Bert you're our our winner last time. So I Think you missed that question or you didn't even answer it looks like. All right, so here we go question to get ready All right, same image Was this iceberg fully executed for 128 contracts What do you think What do you think? All right? All right, so what yep, the correct answer was no so majority of you guys got that right and what what was What was the answer? What happened to that iceberg if you guys want to? maybe have Yep, perfect. Oh music music to our ears here got canceled canceled exactly Exactly, so yeah, we we see it all the time here in book map And this is I mean this transparency is is rather incredible here to be able to see all these details in here So we can show all these icons in here. I turned a lot of them off just to kind of keep it simple for everybody during the During the webinars etc and So, yeah here here it was executed. There was an iceberg. It's only only three Very very small iceberg why we didn't why even use an iceberg for three is is my question But nonetheless person did it was detected at this point. Okay, which would actually be this one over here and Then there was two that traded here. I'm sorry. This is kind of an odd one. I think I have my volume filtered And it was just it was fully executed. This is that's a bad example. Let me find a better example One with a little more size to it Here's 21 this is the one we looked at last time Let's look at something else God, there's just they're all over the place here today Wow. Yeah, here's one for Detected or here's one for a thousand here fully executed. E means executed all right and Wow, this one's gonna go back quite a ways. We might have to skip that one. Anyway, the If I can find that perfect example of when it was detected with the D and then fully executed Okay, or cancelled in this case. We're just seeing executions. We're not seeing cancelled Anyway, I think you guys got the idea Just kind of here's one. Here's one that's cancelled. All right, so as you can see it stayed in the order book here Okay, but nothing nothing that they they lost patience with it and it cancelled up here So it was still live, but price was down here and only 22 of it and it looks like it was probably the initial 22 No, it got it had more than that actually trade detected here for 14 then 1 1 1 Transacted so this is a good example another one transacted here Okay, and as we zoom out you can see now it just kind of aggregated together and shows 18 and then here another four Transactions so 22 transacted and then price went away from it they stayed in the order book waiting to get filled and then finally just you know Got impatient here and cancelled it and and maybe move their iceberg down to another area or Waited for another opportunity. All right. Okay. Let's move on to the next question And or let's see who's ahead now All right, here we go. Oh It's getting pretty even pretty even All right on that one. It was pretty even all right Ram is is in in the lead here So we got the first four Looking pretty good. And then we got a lot of people behind here on the leaderboard. Okay, or It kind of kind of have like two two tiers here All right next question Here we go. All right. Was this stop run more likely from a smaller player or a larger player? Okay More likely from the smaller player or a larger player. All right pretty even on that But the answer was a larger player All right, so let's let's say rather quickly try to go over this one here and we'll Go back and deselect the icebergs and then show the stops And that was a pre-market. It was kind of interesting because during pre-market We I couldn't find an example for the smaller players It was larger. It was just larger players getting knocked out and then larger players getting knocked out most likely now We don't know for a certain but it's most likely here Here's an example of most likely a smaller player Well, it could be a actually a combination of both Here's the reason see the red line in here. This is indicating where the stops Initiated it was here where where the stops an iceberg indicator picked up the transactions being stops Okay, and we see 157 so it was on two different price levels here But the the book sweep Actually started back here Right, so it it it kicked off down back here And this is likely You know a larger player that just kind of swept the order book a few a few ticks and and then started to Cascade some stocks in here. They were transacting But his order fills first Then stops are filled after that and that's how you get slipped in the market Right, so that that's what really unfolds in here. So now a larger player It's if they start to see if you see the stop in that red line begin from the you know from up here Continue on all the way down through Then that's most likely the larger player that is just hitting his stops And and then we'll transact all of them. Okay, and his order is just not You know his order is up here in this case In the other case where you see the red line initiate here and then follow it all the way through the stop run like that That's a larger player. Just just You know ex exiting or or using their that's where their stops are transacting okay, they're stop orders and So it's it's most likely a larger player. All right Any questions on that? Let me know Okay I don't see any questions on that. That's fine. All right, we'll move on and let's get into the next question Or let's see who's at who's who's running ahead here. All right our leaderboard. It looks like on that one Jimmy and First the phone was they did quite well And wow Okay, so I can see you guys are kind of gaming the system a little bit. I I can I'm understanding a little bit. Um Yeah, Bert I agree like it does seem like a small stop run, but like I mean 55 contracts is is quite a bit for one one player At in pre-market like that so And you know, that's just one player is what we're kind of You know saying more likely that is one player because the stops are triggered through the whole whole way. Yeah, exactly Okay, do you understand? Yeah, you understand. All right, that this is kind of important Uh to understand like the kind of dynamics in here, um in in the order flow Uh, we don't know for sure, uh, but it is more likely All right, so I can see that uh, yeah the the trick here I'm gonna have to we'll have to have multiple choice. I think Um, and maybe just a few of these, uh true false Anyway, all right, so we got a leader leader change here Let's move on to question four and here we go Okay, the sweeps indicator displays large volume traded over long period time periods The sweeps indicator displays large volume traded over long time periods True or false. All right, so the majority you got that one wrong It is false Hey, the sweeps indicator is over a very short period of time Uh, and so let's uh, let's let's go over it. Um, it's uh, it's pretty pretty straightforward again Uh We'll turn on the we'll turn off the stops and we'll turn on the sweeps indicator Okay, and the sweeps indicator is is kind of similar Uh, to the stops to be honest All right now when you and everyone who has global plus A version of book map, uh, you guys have access to the sweeps and absorption In fact, let me show you where that is Uh, just in case you you don't have access to it Uh, and you have global plus then this is where you find it So click on the more button go to our knowledge base here Uh, and then in here, uh, you're in the knowledge base, um user guide section click on add-ons Okay here You'll see the sweeps and absorption Indicators here. So click on them And then in here you'll see on the right hand side, uh, the different, um, paragraphs, uh, and and just click on installation here It'll just drop you down into that area. You can download it here And then once you downloaded it, then you install it In this section here in book map All right Okay, so let's go over a sweeps indicator and what it shows you it's really simple and straightforward Here here are the conditions Okay If within 0.01 seconds The traded volume was greater than or equal to in this case 21 And within a minimum of four price levels then display it on the chart So it's very very quick. It's not over a long period of time whatsoever. It's a very short period of time And the idea here is is similar to the stop run Is that if within a very short period of time price, um Or transactions happen over multiple price levels, then that is likely It's likely a stop run too. It doesn't have to be. It could be someone just hitting the order book Uh, uh, really hard with a market buy with a lot of size And it doesn't even have to be a lot of size. It can be a low period of volatility um, uh, or You know Some sort of uh, maybe you just have a lot of buying pressure or selling pressure So you're able to move price like that. You're able to sweep the order book Uh, all right, so let's take a look at a sweep. Here's one here Okay, and looks a lot like a stop run and in fact it is you can see the stop run down here in the sub chart But here's what the sweeps indicator is showing you Okay, here's one price level Uh, two three and four And within that time frame Uh, this amount that was it was 21 was the cutoff right or something like that Uh, that a certain amount traded. Okay over that over that, uh Uh, these four levels. Okay, so that condition was met Uh, and and here it is Okay, so we're we're displaying it all and you can see it here with the uh, kind of maroon, uh, reddish maroon Um, uh squares in here and then the numbers below it here All right That's it Okay, so really really simple indicator, uh, but uh, well, it's not over a time period um, it, uh, a very short time period but over, uh, four different price levels in this filter Okay in the filter that I made you can make it one price level two price Put at least two price levels in there. Uh, so at least you get something out of it All right, so that's the um, uh sweeps indicator And uh, yeah, if you guys are interested also in the stops in icebergs Uh, I wanted to show that as well. That's from the book map marketplace Uh, and you'd click on the more button here and then you go to the marketplace here Uh, and then you'll find it down here right here and mbo bundle. All right. This is sold separately Uh, it works with global or global plus if you're interested in that All right All right, let's go on to the next question And let me see let me first get to your guys questions that Okay Bert you just need another trick question. That's how you won last time All right. Yeah, I'm pretty funny. Um Uh-oh your wi-fi went down, uh, allen All right. Well, all right guys, so let's go let's go to this next question. Here we go or leaderboard. I guess first razor and jaded really well and jerry Oh, it's getting interesting now. Look at that razor is now the fastest And uh in the lead in the lead. Look at that All right next question Here we go Absorption is the result of only aggressive buyer's activity at key levels. What do you think? Maybe All right. All right. So, uh Answer is false. You guys are correct in the majority of you guys got that one, right? So, uh, uh, let's uh, let's cover it. Um Um absorption is So we even have the absorption indicator. So, uh, why don't I even you know kind of show that or That's all right. Here's absorption right in front of us. Okay. So now this is the aggressor behavior That wasn't completely absorbed, uh, but it traded into this high liquidity and there's just more sellers. They're able to trade through it uh, but You know, uh, this is The aggressors here They're trading into this high liquidity. Okay. A lot of liquidity. In fact, our large lot tracker is showing us here Probably, you know, I don't know over 200 lots Is one individual actor. Uh, and they they got filled in here Uh, that's what it looks like to me 260 traded. Yeah All right. So, um, you know, they got what they wanted. Um, so the the The question is a little tricky, uh, because the, um, you need a buyer for every seller Uh, or vice vice versa Uh, so it's not just that behavior Absorption means though that uh, uh, there is high liquidity and that the in this case the aggressors can't get through that area Okay, in this case they did Uh, we'd find another example, but basically let's suppose At this point here Price bounced to the upside. Well, then this area here at at uh, 54 and a half absorbed all the selling pressure All right So in this case there was more selling pressure. So they traded into it and they were able to trade through it So anyway, all right. So, uh, that's uh, the answer on that one. Let's move on to the next Question or let's see who's leading here now Oh, Bert's getting back in the game. I like it razor Fastest was j. Look at that I like that. I can I can mention, uh, who's fastest in here? Okay All right, Bert. Are you gonna hold on to your uh, your crown here? Uh, or is uh, is razor gonna take it from you here? Uh Or persophone or ftx here. All right, so Uh Looks like you got some good competition Uh, all right next question guys I believe this is the last one All right, and this is uh, a little bit of uh, you know, uh Trading culture. All right. So here we go Bonus question Which movie is this? What do you guys think? All right, you guys know your movies. You guys know your movies pretty well. All right So that was a wall street two money never sleeps. All right. So, uh, yeah Yeah, if you haven't watched it, you know, is the original is really great. Um, I don't know. You know, I love all the trading movies or most of them. Um, This one was kind of ah But I don't know But uh, uh, nonetheless, um Yeah, it it's still I don't know if you have some time and With nothing better to do, uh, then then. Uh, yeah, sure It doesn't waste your time in that sense. Um, all right. Uh, let's see. Let's see who the winner is here Let's go leaderboard Okay, the vote goat came in pretty well here Razor razor takes it Okay, held that lead to the end almost. Uh, well from the beginning almost I should say All right So, uh, good job razor Uh, the, um, uh razor, uh, yeah reach out to me. Uh, and, uh, uh Bruce or you can you can just ping me in here. Um, and, um Or or reach out to me at, uh, uh, bruce, uh, uh at bookmap.com All right Yeah, that no there's no prizes for second or third place That's it Okay, so and we'll set up the the coupon for you guys I mean for you razor 16th place Last question was a gamble. Yeah, you pulled it off razor thin. Ha ha ha. Um, all right. Uh, that makes me cringe. Um, okay guys, well, uh, let's uh, let's uh, wrap it up and uh, Thanks for playing everybody. Thanks for coming. Uh, and uh, yeah, no, no, uh, no points for 20th place there, uh, NK So, uh, sorry about that Ha ha, I will do more of these. These are kind of fun and uh, you know, they're uh, Pretty pretty easy to put together Uh, and uh, you know, you can learn a little bit along the way, uh, as well and uh, and maybe win something All right Oh, okay, uh Keen zeal you just download a book map today. All right. Well, welcome Uh, oh, we'll come up with well and let me know if you guys have any, um ideas on uh, What to cover? For for some of these questions. I mean, obviously we're not gonna we're gonna mix it up here for you. Um, And I can see we're gonna have to use some multiple choice in here Because uh, otherwise is the fastest wins and it's just a 50 50 shot at it Okay, uh, yeah, and for those of you are that are new in here. Um, I mean, this is our our discord channel uh We have, you know, lots of events and a lot more events coming Uh, you probably saw, uh, uh, tom be, uh, maybe uh, uh, wrap things up at, uh, you know, around four to to 430 Um, the end of the week here, uh, I mean, he's in there every day. Um, around 11 30 or noon And going through, uh, uh, excellent analysis on, uh, Volume profile and order flow We have the daily advanced webinars as well at 10 a.m. Eastern time so that We really, um Are here to support you in your order flow Reading and understanding and what book map is showing you so that you can apply this to your trading That's the whole goal here. This is a win win for everybody. All right, so Uh, anyway, uh, we'll do more of these events here to support some of this, um, Some of these other events as well like to support some of the education in here. All right All right guys, uh, yeah, thanks for thanks for coming and thanks for playing everybody Uh, we'll do it again And uh, everyone have a good weekend. Uh, and we'll catch up with you on monday All right Yeah, thanks guys. Okay. Yeah. Have a good weekend Take care. Bye. Bye