 Okay, welcome to the Bookmap Live Order Flow Advanced Analysis webinar. Risk disclaimer, trading equities and futures involves substantial risk of loss is not suitable for all investors. Past performance is not indicative of future results. And I gave the link out to some of the new traders for today to get a peek into this webinar and what you get with the trial. So welcome and let's take a look here. We'll dive right in. And first thing I want to take a look at is oil and because what I want to cover here on oil. Now, this was the day that we saw the big move to the downside, right? And I kept on looking for it to rebound and we did get that rebound a couple different times but then it failed and then went to the downside. I remember and what this is why I want to cover this is we saw so much absorption on the way down. All the way down through these areas and then we see the buying initiate down here yesterday and the move to the upside. So I recall all of that absorption that we saw on the way down was in this little area right in here. Just below 47-40. Where did we go to and this line has not changed. I kept it here for the last three days or so. We actually noticed it being important over in this area here on the 15th, which was what? That's Tuesday I guess. And that's where we saw a change in the order flow and yet again here and all of this absorption. So what we were witnessing in book map was not shorter term stuff. That's what I want to cover. This was larger players and we knew their position and we know that they're averaging in there on their cost on the way down and if they can get it back up into these areas here that's great. They can cover if they like. They're already out of profit. So you start to piece together the order flow here on a 30-minute candlestick chart. But you wouldn't be able to see that here unless you were looking at book map to understand that absorption like that into some of these areas. So anyway I just wanted to cover that because we get the question frequently regarding is this only for scalping or can it be used on intraday or not intraday, more swing trading. And there's a good example. We knew their position and we're looking for that anticipating that test of 47-40 and we got it in the overnight session last night. So oil, I want to take a quick look at oil. I've got both contracts up here and so I've got the V contract for October and then I've also, oh I don't have the other one, I had rhythmic earlier and I lost my data. I had both contracts earlier. I had the U contract as well as the V contract here in oil. And what I wanted to show was that both look very similar and they have high liquidity very close to price. Why is that? Why does it look like this? And what's going on is rollover. They're rolling over one contract into the next and you're seeing the volume switch to the new contract. So it's another thing that you're going to witness using book map. So when you start to see this kind of behavior here, you can start to understand what's going on. There's another thing that, using fundamentals and starting to understand risk in the fundamentals. So let's see if we have an example here. I don't. But during an economic release, you'll note how something changes. The book starts to really thin out and these areas will start to get really dark and that's because they don't want risk in the market so they'll pull the liquidity. So if you see some geopolitical type of activity or you don't know it's going to happen, those things can happen out of the blue. But book map can give you some insight to that too. If you start to see a lot of the algos turn off and a lot of the participants pull their liquidity and you'll see it all at once. In fact, the switch is kind of like this right here. This is kind of what it looks like. This area here, note how it got dark like that. In this little area, they all kind of basically started to pull at the same time. So you can also see that in book map to kind of give you clues to maybe some of the geopolitical or fundamentals out there. Okay. Good morning, Nisthan. Okay. Now welcome to the webinar. All right. Oh, I know, yeah, Guido, this is not what I'm talking about. It looks somewhat like this. You would see it on both sides with a fundamental release or geopolitical news or something. It's going to be the entire market, not just one side. Okay. All right. So due to the rollover, I don't want to look at oil and in fact, we were covering this earlier in the platform details webinar. A lot of really interesting price activity here in NASDAQ going on, all right? And saw some really nefarious stuff here, I thought. And I'm curious like how what maybe some of the governing bodies would think about some of this. Let's take a look at the NASDAQ here around this 10, 15. And you can see the move to the upside. Okay. You can see the high liquidity here, right, at 5,800. Okay. And we see they swept the book. They took all that liquidity and they continued on to the upside. Strong move through 5,800. Okay. Now as we cover every day, you know, we look for that sweep of the book and then we look for, and this is initiated buying here, okay? And we're looking for them to come back and support price from where we broke from, okay? And we'll usually get a retest of that area and you'll see the buyer support it just like this. Okay. In fact, we can draw in a trend line, okay? We can start to draw in some of the structure in some of these areas as well. Okay. You can draw in book map. And here's where we broke a structure. There's also a horizontal line, okay, right here. Okay. And we actually got a real retest of that horizontal line right here, okay? So this is what we're looking for, right, exactly what we're looking for. And we're looking for at least the high to get tested and maybe price, I would start to anticipate, you know, price discovery to the upside, okay? Now this is where it's pretty wicked stuff, okay? So we see high liquidity come back in here, right? And I'm looking for 5,800 trading above 5,800. Okay. Well, look what they did. Okay. They started to pull some liquidity here, okay? And some of it, they definitely, you know, you can see it, the trading took place right within this high liquidity area right here, okay? But look at the spoof on the other side, okay? You see the high liquidity here, okay? Short term, high liquidity, doesn't stay in the book for very long, and we get a nice stop run through all of this area here and right down into kind of like a, you know, it's going to be more or less like the POC of this range here, okay? And then you can see that then we found the buyers yet again, okay? And especially right in this area here, okay? Here's that initiated buying, okay, and then move to the upside. So wicked stuff, right? And here's another spoofing type of activity here, very, very high liquidity layered in here, three layers deep of high liquidity. Let's see, it's like 83, you know, 82 contracts or so. And although this is pretty far away from current price, usually, you know, it's quite close to current price and it'll skew that auction and then you'll see the price react to it. Nonetheless, this area here is very, very sensitive and we can see all sorts of, you know, pretty wicked stuff going on here, okay? In fact, we come back down into that area again here, okay? We see that then we get a bounce, okay? And then we see follow through to the downside here, okay? Now it looks like it wants to trade down below 5,800. So it's just banging around back and forth between that area here, okay? So let me go back here now. And okay, so let me zoom out a little bit so I'm kind of losing my place here, okay? All right, so, and again, very, very high liquidity here, but then they look at how they pulled, okay, as price is coming down. So did they have interest? No, these guys do not have interest to trade here at all, but we do see a retest back to structure yet again. So this is where we broke from right here, okay? And it's that 5,800 level again and we get a retest to it and this time we're accepting down below it, okay? So let me draw that one in as well. So here's our structure, here's our retest of it, okay? Here's our break from that structure, all right? Okay, good stuff. And what's nice about it too is we can start to read these flips in the order flow. I mean, it's really pretty clear. You know, look at the initiated buying here. We see sellers start to come in here again, but then we get the break of that structure like we covered and then you see, you know, continuation to the upside, okay? A nice cluster of volume of aggressive buying up here, but now we're starting to see on the other side. So this is getting, they're distributing out. This is a distribution pattern here and this is a head and shoulders, right? Or you can say, you know, complex head and shoulders or, you know, double top, whatever and it doesn't matter. What matters here is to understand their position, you know, what's going on with the majority of these traders, okay? We see the aggressor over here in the buying and then look how that starts to dry up, okay? And we start to see selling come in here, okay? This is what we look for in the order flow, all right? Selling again down here at some of these levels and, you know, it's still not really, to be honest, like I don't think this is, you're seeing it flip. You're seeing it starting to change over. I would like to see this down a little bit lower and a little bit more volume to, you know, on the downside here and, you know, we don't get that. We don't see that here but, you know, we did not hold above, we tested the high here again and look at the retest here and we're exhausting out and then that's where the sellers take control right in here. So this is where it starts to get good right in here, okay? And then they just continue to hit the bid, okay? All right. So, you know, we can go through and look at this again and again. You know, here's the order flow, nice volume to the downside here but then you see the buyers, you know, come in right in these areas here, again, trend line break or, you know, level broken here, move back up to where we broke from previously, okay? And then look at the selling here. So looking for, again, price discovery to the downside, okay? And the map, the heat map, the liquidity, it's finding some of those areas and then it continues to the downside, okay? This is looking like a flush to me, just a massive amount of volume here trading through and we'll see if, did we bounce after that or not? No, we continue down, okay? Okay. Yeah, you see, when you see that final flush like this, you can start to look for and you'll just see this massive amount of selling just like this and then it's like a V bottom and then you see the move right back up, okay? And then basically there's no more sellers, right? The sellers have dried up. Now we do get one more test of that area and we break the low here, okay? But and then the buyers step in though, all right? So all sorts of good stuff in this chart and, you know, after this kind of flush through and then this might have shaken you out a little bit but you can start to look for buyers to, the sellers to exhaust out and the buyers to step in, okay? After something like this and that's exactly what occurred, okay? Now we're above 5800, okay? And that's where the initiated buying, you can see it right in here. That's where they came in, all right? So great stuff here and very, very transparent, okay? Any of those sellers placing their stops maybe up in this area, okay? They just got stopped out, okay? So let's read it in the current market and what's going on now, okay? Wow, I mean it's both sides now, I mean we're seeing both buying and selling, okay? Big volume dots on both sides. So no real clarity on that, I mean I do like seeing the buying still here, okay? And here as well, okay? So let's see if we can step in and we can break structure again and then continue to the upside here, okay? So we want to go up to maybe 5806 or 7 and we want to see initiated buyers come right back in, okay? Here we are, here we are, just there. And they didn't step in and let's see if we get another rotation, okay? Where would I be targeting some of the higher liquidity up here, okay? So first stop would be like this 5808.5, 5810, 5812. Let's see a few questions. Yeah, Guido, I don't have ZB or ZN up, Istvan. Everybody set the CVP bars like I did, okay, that's really easy, okay, here we go, okay? So this is what we're looking for right here, right? And they started to pull that liquidity here instead, right? Boy, it's just moving back and forth and back and forth. I don't know what's going on here, I haven't really looked at the news. But anyway, yeah, I mean, still, I mean, we're moving lower now, but I don't see a lot of aggressive selling here, okay? I don't see clusters of activity here, hating the bid, okay? Let's see if maybe we can come into this area of high, there we go, right into that area of high liquidity just now, okay, at 5803. And now I'm looking for those buyers to step back in, okay, up to 06, okay? Still looks like there's more, you know, we just have more buy-in here in the overall. I mean, I'm not seeing what we're looking for in the order flow on that sell side. I'm looking, I'm seeing more volume trade, you know, aggressive buy-in at the higher highs. So due to that, I start to anticipate the move to the upside, okay, and we're getting it, okay? Now we're above that 5806 area here. We just broke that, okay? Still looking for $558.10 now. Boy, it's wicked, you know, another little flush through right here in this area, you know, just below the structure and then right back into the range. Let's see here. Okay, CVP column, sure. Let's go through that. This is very simple to set up. Let me zoom in a little bit closer. So CVP stands for Chart Range Volume Profile and it just gives me, I mean, look at the buy-in here on the upside. You know, I'm anticipating the move to the upside. I mean, we see the pressure here, okay? This is the way that I've got it set up as a profile here. You can split this out as well. You can right-click in the column, okay, and you can format the column, okay? Beautiful. $5810 just hit, okay? And our column gave us some nice insight on that right here, okay? You know, we can see, look at all the aggressive buy-in here, okay? So this is the way I've got it set up. I have it as bars and numbers. I like it for the CVPD bars and numbers. That's my personal choice. I have both bid and offer showing. I have a VWAP line, which is this white line right here, okay? And a lot of times though, I will also split out the data, too, because we can. We have both aggressors here. And then I like to look for, you know, that buy-in pressure. Like right in this area here, look at that. You know, it gave us nice insight and we, you know, this was before this move to the upside just took place, okay? So we've been nailing it here with the order flow and, you know, reading it pretty nicely because it's displaying pretty nicely, right? It's just been displaying itself really nicely. You know, we can see the aggressor, all right? And we start to anticipate these kinds of moves to the upside, okay? So this is the kind of transparency that we're looking for in the marketplace. And today, the NASDAQ, although it's wippy, I mean, we're still reading it correctly, right? Down in this area here, I just didn't see the sellers stepping in. I didn't see this flip and order flow. Nice target, very nice target here with this high liquidity here. And we came right to it. And still, though, I didn't see a lot of selling come in. It still looked like more buying, okay? Here at 5806, this was giving us nice insight here, more volume, more buying at the higher high. Still, we got a quick move right back down to where we broke from here, a little lower as well. And then right back up with a nice cluster of volume trading up here, okay? And then you can start to anticipate that move, right? And we're getting it. So, yeah, 58010, just a little bit of a pause. And then it went right back up into high liquidity here at 5812. And it's trending pretty nicely at the moment, okay? All right, let's see. Any questions on the column there? Okay, now I'm pretty zoomed out right now, so you won't see the numbers. You know, it's been so wippy and we have so much volatility. If I zoom in a little bit, just with using my center mouse wheel, I can zoom in very quickly in and out, then the numbers will appear here, okay? Okay, so that's another way. A lot of traders really like to look at the column's data, and they like to have it split out just like this to see the aggressor, okay? Again, bid versus offer, who's winning the battle here, okay? And now, well, we can see that we see some selling as well now, okay? And we can just look at the dot and the color and the size and understand that as well, okay? In this area, in this area here, down here, it doesn't look too good. And actually now it still looks like buyers are in the game here, and we're still going up higher, okay? Now, another nice feature is resetting this column and the aggressor, okay? You can also just hover over the vertical, you know, the column line up here, and we can widen this out, okay? You can also just, you know, grab it and move the entire, just left click, hold and drag, you can move the entire column. So you can really build out a dome here very quickly, however you like. And let's get into some of the resetting here, because this is a nice feature. A lot of traders, they'd like to look at this, but now we have too much data here, so what we can do is we can come down here and we can go to reset, okay? And there's all sorts of configurations for resetting this, okay? So we can schedule a reset to happen every single minute or number of hours or seconds, or you can have it reset at a specific time as well, like 9.30 Eastern for the cash open, and then there's a conditional reset here too. So if it goes out of a range and then heads right back into that range, that data will not reset, okay, based on number of seconds here, all right? So let's get rid of the schedule reset, but I do want to show another one, which this is one of the features I use, is I like using the double click here, reset on double click, okay? So what I can do is just very quickly, I'll just double click in this column, and it's completely reset. So now I'm starting again, who's winning? Who's winning the battle? Which aggressor? What's the heat map look like? I see liquidity here at 13, and this is where we traded earlier at 13, right? There was high liquidity here earlier between 12 and 13, and they're showing up again, all right? And that looks like, I mean, we can see there's a little more selling pressure now, right? Okay, buyers come back in in this area here, but you know, they're the buyers, okay, there's our initiated buying again, okay? Let's hit 17, shy's away from 17, there we go, into 17, okay? Let's see if we can get back up to 20 now, okay? But you know, I'm reading it here, I mean, I'm seeing that selling coming in here now, right? Now initiated buying just came back in here, so this is getting a little more convoluted at the moment, okay? Let's see if we get our retest to where we broke from just right here at 17. Note how they were here on the offer, now they're on the bid, a little bit lower though, and let's see if we can break the highs into that 20 area, okay? That's the target, here we go, okay? 20 has reached, okay? These sellers here, they're going to be flipping out, and nice cluster of volume up here. Nadim, flip of the order flow, how do we see buyers, big green dots? Well, that's the aggressor, right? Market buys and sells, okay? So red dots, someone hit the market sell button, okay? They took liquidity, I'll zoom into this area here, okay? So they took liquidity here, for example, that was on the best bid, okay? The best bid at that point was, we see, you know, 10 contracts here. Okay? Now, we can also see an iceberg here, all right? Because we have 10 contracts here, but 38 traded. We have a trade here for 38, how is that possible? There's only 10, you can't trade more than what's here. They traded 28 contracts more than what was here on the bid. Well, that's because this is being absorbed here by an iceberg order, okay? So these 28 contracts here were hidden. They were not in the limit order book, but they did trade, all right? So then we tag it here, it's also this red number that you see here. But the red number in this column here, if this area gets retested, then this number is going to refresh, or the area will refresh. So that was the way we used to show the icebergs. We've enhanced it now to show it directly on the chart, which is fantastic. I really like it. I think it's really insightful. And then now it turns into 49 because we've just compressed our timeline and squeezed those trades together. And then we have an overall of 49 here, okay? Okay, some of the columns data here. So it's all initiated here with the right clicking. And the structure here, you can see some of these, just a little line right here, here, and here, and then also down here. So it's showing you different stuff here. The first one, the division here is just formatting that column, okay? Now for some of these data columns, you'll have more data than others, or more options here than others. So for this one, you have session accumulated or chart range accumulated. You can change the CVP to an SVP, okay? So let's right click again and let's change it back. And then let's right click, and we also have the reset options here. You're not going to get reset options with the COV column, for example, or some of the other ones, all right? And then we have another division here. And this area here, okay, are all the different data types, okay? COV, okay? That's our current order book column, okay? We're looking at a volume column right now. We can also look at a trades counter, okay? And what this is showing, let me format this into a profile, okay? And what this is showing now is CTC, okay? So it's a chart range, but it's showing the, not the volume, it's showing the number of trades that took place, okay? And then we can also look at the quotes that were refreshed, that came into the book and refreshed at certain areas. And we can also take a look at that data here, okay? We can also look at a quotes delta. What this is showing here is liquidity that was added and pulled, okay? The delta, okay? So if you see a negative number, that means liquidity was pulled. If you see a positive number, it was added, okay? We can also right-click here. We can look at a couple different notes columns. You can set your own notes, and you can also have a time in sales. Now, if you want to get rid of a column or insert a new column, that is done in this area here, okay? So I can insert a new column here, and a new one pops out to the right to where I was, from where I was. Same, it duplicates the column where I was, okay? And then now let's hide that column. So I'll right-click again, and then I'll change that to hide. There we go, okay? And then this changes back to volume, okay? Now, it's fun that it should be all available there in the basic. You should have those options, okay? The advanced is more about the different add-ons, okay? Not the column's data, though, okay? All right, let's go back to current price and see what's going on here. Okay, wow, all right? So basically, another just bashing these traders here to the other side, and by the breakout that I saw here, and noticing that I was starting to notice some selling coming in here, then I'm looking for this area up here, and I mentioned it as more of kind of like a stop-hunt area, okay? One more tap to the upside here, and let's view that area, and look at the buying here, okay? So this is where, again, we were reading the order flow, and today the order flow, well, we can look at the limit order book here as well, but the traded volume is showing us some really nice stuff here. And right in this area here, okay? So the buyers, again, they're drying up in this area here, and the sellers take control here, okay? We get below here, and the selling kicks in, okay? They want to sell, they want to try to get price below this swing here, and continue to the downside. We even get two little, three little retests right here to where that, you know, selling initiated, okay? And then we see the move to the downside, okay? Now this area down here, look at the order flow down here, okay? So we see, look at the green, a lot of green, a lot of buyers starting to step in in this area here, okay? And look at the selling here, okay? That's not bad for the selling. Maybe I would look for maybe just to try to touch this high liquidity here, but we don't. Instead, they just sweep the book high to the upside here, and the buyers are back in the game. It's just all over the place. I mean, these are big moves. Nice, nice moves. I should be, I should be trading. Let's see, the, okay, so what I want to cover here is some of the liquidity that plays within the, basically the order flow that we're looking at today, but we'll see, you know, the difference here of little higher areas of liquidity and other examples, and we're not really seeing too much today. So, you know, these areas of high liquidity here, note how we're channeling between it, right? So it's giving that structure to the market, right? So, you know, and we're starting to, we can start to read it down here too. Look how, as price is coming down into this area, look how they started to come into the book, okay? They were down here, well, 5812 and 11.5 and 11.25, and then they kind of boosted it up here, okay? They were looking at 5812 and 12.5 here, and that's showing some, you know, it's not the most bullish, but it's more bullish than if they had stayed here and then added maybe higher liquidity down below, okay? So that's the distinction I'm trying to make here, right? So if they're adding as price is coming down, that's showing that they want to, you know, they're going to front run. They're trying to get in before these higher areas of liquidity are hit, okay? And instead, what happens right in this area here is they just, the aggressors just step right back in, okay? And now we're right back down there again, okay? Yeah, I'm looking for it to get tested now. Here we go. And let's see if the sellers will just sweep through 11 and 12 here. Okay, that doesn't look too good right now. The cluster of volume, I mean, we don't see a lot of volume trading here, okay? The cluster is up here at around 14, and the majority of it is buying too. So if we can sweep the book high yet again and get those buyers back in, then we'll see a nice move, I think, to the upside. At least, you know, first target would probably be, you know, see if they get back interested around this 18 level. If not, then 22. There they are. There we go. There's our move. Okay, all right. So another aspect I want to cover here, and showing it pretty nicely in our volume columns is, you know, in a trending day, okay, what that looks like. And, man, it's not, let's just look at the CVP then instead of maybe the SVP. But what you get on these trending days are nice multiple profiles, like this, okay? This is pretty muddled down here, but these two, this double distribution here is pretty nice, okay? And then Francisco is just pointing this out, you know, this is why these guys are providing high liquidity here between 11 and 12, so low volume node, okay? It's also a low volume node on our session range volume profile, okay? So you can play off of the two different columns here, right? And each one has a different VWAP as well. So there's all sorts of things to look for. You know, for example, right here, here's the point of control, okay? And we're trading above it now, okay? Fighting for that point of control. If we can get more buyers to step in here, then we'll get a retest, I think, of the high, right? It's going to be a battle for this point of control, the majority of the traders. Okay, we did get our test at 18, right? And that was our first area here. We did not see them jump in. Curiously enough, they did not jump in at all with high liquidity. There's a little bit maybe here. Let's see. Now, you know, if we can get both that point of control here and we get that initiated buy-in, we're looking for 22. Okay, showing interest here at 20.5. Okay, we're still above that point of control. So let's see if a buyer stepped back in right here, okay? This is where we had structure. Now, let's see maybe the sellers take over. Let's see here, more questions. The quotes counter is showing it's not the number of contracts. It's just, you know, the number of orders that are refreshed. Okay, so let's say I come in with, let's say I have 100 lots, but it's one order. Okay, the quotes counter is going to just tick one. Okay, even if I have one lot order and, you know, I want to be a buyer and then I pull it, well, the refresh will be one. Okay, and why would we want to look at that data? Why would we want to look at a trade counter as well, right, instead of a volume profile? Well, the reason being is that algorithmically here, a lot of these algos will disguise their size and position by breaking it up into several small orders. Okay, so you won't see those large block trades go through. You know, for, like, let's say for 100 in the NASDAQ, you wouldn't see that. I mean, you'll see some and we can filter for that as well. So let me show that. I'll show you how we can filter for that. But the point here is that why we want to look at quotes data as well as trade event data is because that 100 block order is going to go through instead as 100 orders for one each. Okay, and we were looking at it earlier. Let's zoom into an area and maybe we'll see. And you'll see the algorithmic activity, you know, and they'll very mechanically be, you know, lifting the offer or hitting the bid. Okay, maybe here. No, but look, yeah, this is getting a little bit, I really like to see it when it's very, very clear and mechanical. But anyway, that's my point. And why, you know, a lot of the algos will not, they're more reading events than they are necessarily the volume. Okay, because there's trade interest. It's like, you know, understanding and reading the number of or the interest at an area. Okay, we just traded into 22. All right. That was what we're looking for as a target here is 22. It still looks good. I think maybe 23 here. Let's see if we can get to 23. We had a retest here, but no volume here. Sellers starting to come in. Sellers. And there we go. Now we got 23. Okay, these sellers are getting squeezed. Okay, so that's why we'll have the quotes counter. You know, this is basically that pit noise. You know, you see the, you know, them shouting back and forth in the pits. They want to be buyers. They want to be sellers. And that's, that's, it's very similar here. So it's showing interest, you know, it's showing. They'll show really nice profiles here. And you know that there's a lot of interest down here at this area here at 5816. Okay, so if there's interest, you know, a lot of the algorithms are programmed to look for that and understand that it can trade at these areas here. So like, for example, and this is giving us, look at the profile here, you know, and look at the interest up in this area here. Right. It's really tapering off. Okay, I don't see a lot of refreshes up here. Okay, and if there's no interest, well, what's going to happen? Price is going to rotate to where it can trade. Okay, and then we'd be looking for maybe 18 again. Okay, 25 hit. No, that might be it right into the area here of high liquidity. Okay. And if there's a lack of interest up here, sellers are going to come in and we're going to charge to the downside. All right, so let's go through the filtering here and then we'll call it a week here. And you guys have a good weekend. I want to go through some of, because I haven't covered some of these things in quite a while. So, you know, we covered some of the automated strategies and I got a lot of questions yesterday from various traders and in support regarding that. So it's good to go through some of these things instead of just purely going through the order flow here. And as we are, you know, waiting for some of this stuff to unfold as well. So let's take a look at the volume dots here and there's ways of filtering for your volume. Okay. So I usually just leave it as the restore the default settings here. Okay. Now the dot size is a little too high for me with the default. So I'm going to bring this down. Okay. It's still showing strength. Wow. Jeez. It's just continuing. Anyway, so there's ways of the dot clustering. But the showing the block trades is what I want to go through. So that can be done here. Now the clustering is done with, you know, some of these, there's some different ways to do it. You can have it as none smart by time and by volume. Now by time is pretty, pretty straightforward. Okay. So like let's say every five minutes, I'm going to get a volume dot. Okay. Now note that the volume dot for this five minute period here, where that's being built right now, it'll end in just a few seconds here, is off of price. Okay. What it's showing here is a volume dot for this five minute period based on the VWAP. So that's why it's down here. So the VWAP of this five minute period is here at 25, 25 and a half. Okay. So that's how it displays it. Now if we can go, we can go with by volume here as well. Okay. And this input 500. So every dot that is painted here constitutes 500 trades or I'm sorry, 500 contracts. Okay. So all of these dots are going to be the same size unless someone traded for, you know, one order for more than 500, then it'll be a bigger size. Okay. So this period and this period here, 500 traded, 500 contracts. Okay. Now the smart cluster here, this is kind of a combination of time and volume and it will cluster it. Okay. So you're looking for the majority of the traders based on time and volume. All right. So now the block trades. Okay. Let's input 100 here. I wonder how many we'll get. None. No, there's one up here. Okay. Let's input 50. Okay. So a dot is going to appear when a trade, wow, there's only one. No, there's one down here. Let's put in 10. Okay. All right. We'll see quite a few more now. Okay. So and you can see that there's not a lot of these block trades that go through nowadays. Instead, they're going to break that up. Now, because they break it up that way, we can also filter for it and not look at block trades. Okay. Instead, we want to look at minimum accountable dot volume here. And what this means is you'll filter out some of these trade or some of these contracts here by inputting. Okay. So let's input 500. That's too much. Let's input 100. Okay. So what this means is within, you know, all that algorithmic activity that we saw, how these are broken up when we zoomed in, right? Well, we can only show so many events within the screen here. And one pixel right now is the smallest amount that we can show. Where the volume took place within that one pixel. And we just filtered out all of the rest of the volume here to show that within one vertical slice here pixel, paint a dot where there are 100 contracts that traded within that one little pixel. Okay. So that's how we're filtering for it. So let me take off the filter and then I'll zoom in here to this area. Okay. Okay. And, you know, notice how this is all, you know, all these trades are broken up here. But notice how when I zoom back out, okay, we consolidate all of that. Okay. It's just visually. I mean, all of the trade events are there. But we're just compressing the timeline on the bottom here, as you can see, as I'm zooming out. Okay. And as I'm zooming out, there were just, there were so many trades that took place here that we just painted as one big dot, you know, bigger dot. Okay. And so visually it's aggregated just graphically. Now, all of this other, you know, a lot of traders might think that there's too many dots. It's too much noise. They only want to look at the significant volume. So what you can do is we can filter for it here. Okay. So let's input actually something a little bit less, maybe 50 or maybe even 20. Okay. Now, so within that one pixel, 20 contracts traded here. Okay. Now you'll note here, okay, let's go into this little area right here. Okay. This dot. As I zoom in, that condition will no longer be true at a certain point there. Okay. Now it disappears. And why is that? Because those 20 events here or those 20 contracts are spread out now on more than just one pixel. Okay. So this is based on your zoom. All right. So if I zoom out, it, you know, it's not kind of a set and forget type of thing. It's based on your zoom. But you can filter for, you know, looking for more significant volume. If you, you know, a lot of traders like to do that because they, they just want to look for, you know, the majority of the trades. Okay. Not every single event. All right. Okay. All right. Well, interesting, interesting, great price action today. And great to, great to read the order flow. Again, same, same stuff. This is just higher timeframe. But we can, we can see here structure broken. Right. So we just created mine. And then, and now we're accepting above this area here. Okay. Looks like we're just about to get a retest of it now. Okay. And you can see that's why they're, they're, they're here with, you know, providing liquidity on the bid. Okay. Because, you know, this is, if this is the new value of this product, it's going to accept above this 21 level. So responsive buyers down here at 21. All right, guys. Yeah. Let's, let's call it a week. Thank you, Francisco. I really appreciate the comment there. Yeah. I, you know, we, this is just a, it's a fantastic tool. And it's offering really, you know, quite, quite a transparent view of the market. Okay. I mean, just putting these pieces together, you can see we do it, we do it all, you know, every day here. Today was a lot clearer than, than others. Okay. So coming down into the high liquidity here. So targeting that high liquidity. Okay. We also have our structure. Right. And, and we're right into it now. Let's see if, see if buyers start to step back in. Okay. All right. All right, guys. Yeah. Let's call it a week. Thanks for, thanks for coming. And we'll catch up with you on Monday. All right, guys. Yep. Okay. Take care. Bye-bye.