 Okay, welcome to the webinar. This is Bruce at VeloxPro and we'll go through the order flow here within Bookmap and We're looking at Bookmap 6.1 and 6.0. I have 6.1 Loaded here, and this is the latest demo. It is the Bookmap for equities and you can go to bookmap.com here And find out more about it Actually, let me go through the risk disclaimer first Trading equities in futures involves substantial risk of loss is not suitable for all investors past performance is not indicative of future results More information go to bookmap.com Become a member and you have access to the free resources and then reach out to us at VeloxPro Support at VeloxPro.com So the new bookmap for equities is up and running It's going through the NASDAQ total view or DX feed and then NASDAQ total view And you can see some of the advantages here, and we've covered them for the last week or so great stuff It's an excellent data feed. You can read about it here. I can answer any of your questions as we go through the through the day here But this is where you can find it. It's under the pricing tab here And you can see that there is the basic the advanced and then this is these are packaged deals with the DX feed Okay, so if you're looking for just futures You can get the basic or advanced Here there is you subscribe monthly to it is 49 per month for the basic 99 per month for the advance They are billed quarterly, but you do get a 14-day trial period with them now That's with futures, but this both of these will also work with book map equities You'll just add the DX feed later. Okay, so you'll first subscribe to Bookmap and then you will subscribe to the DX feed the cost You'll get a 14-day trial period for both right for for both book map a book basic or advanced and as well You will get a 14-day trial period of DX feed Okay, so the distinction here is that there's book map and there's DX feed All right, so you get with both of these versions here, then you have that flexibility Now if you're new to book map and you specifically look at equities Well, then you might want to consider the package deal here. You get a little bit of a discount It's you get book map basic here with DX feed It's 99 per month billed quarterly and then the advanced book map advanced with the DX feed And that is 149 billed quarterly. All right, so Anyway, I know it sounds a little confusing here But I just think about it as separate subscriptions and then with this package deal, they're just bundled together Okay All right Let's move on here. Let's go into the Education tab here. I just want to show you where some of the resources are okay. There's these book map video snippets that We can click on these open it up and then open it up in our YouTube playlist here and you can see the entire list of all of the Videos that we have for Understanding the order flow. They're very short for the most part last one was almost five minutes But it goes in detail a little more detail here with absorption and exhaustion Flip of the book. You can see here. They're mostly about two or three minutes and good stuff we go through all of this Market phenomena every day here during these webinars. We just go through it in more detail Okay, so if you want the quick version watch these Understand it and then go back to your book map and you'll see it again and again all right So the recorded webinars there they are under this education tab right here Okay, we'll click on that that'll take you to the YouTube page as well And you can see all of them here. So if you want to review yesterday's you can see it here or the day before You can see it here. Now. In fact, that brings up a question or something. I wanted to show here And that was what we were looking at yesterday in Google. All right And I have the chart here for Google. Okay, so let's look at a five-minute chart Okay, this was the price action. We were looking at yesterday Okay, and what I just want to cover this because although I mean we did see some things in the chart and We covered it correctly Now in the end of the day here, we can see that price Kind of it, you know just kind of went sideways basically. I mean it did end. Let's see where did it end? So yeah, here's here's end of the day here Okay, and and we can see just right in the middle right right in the middle of all of this all of this volume here, right? So Anyway, the webinar we were looking right around this point here around this 86 level and And we were looking at the order flow All right, and we did see something first off. We were anticipating That order flow here. I've got a screenshot of it Okay, here's our 1130. All right We are anticipating at this point before this this move to the downside. We are anticipating it Because we're starting to understand the the transactions and the this this auction process here What the the traders were or how they were from? How they were behaving in the limit order book and where the transactions were taking place So we're looking for another push to the downside. It was at this point here around 1145 when we saw the cluster of volume up with the Higher level here and we saw them start to retreat on The offer here that we were starting to anticipate the move to the upside. We got it Okay, we got it up to this point right this little swing right here. Okay, and you can see that right in book map In the end the order flow it shifted yet again We saw one shift here We saw another shift here and here's the other shift in this area here Okay, and let's just go through how to read this. All right We'll do it again today. I mean we do this process every day but this was what we saw or the webinar ended and and We saw another shift in the order flow. Okay, look at the volume that started to take place up in these areas up here Okay, there's there's none on these two little peaks here, and there's some up here some buying But that was it right This these are areas of exhaustion That the there's there's no trading activity. The market is exhausting out It rotates back to find where it can trade where transactions previously took place As well as find liquidity Okay, so the market did rotate back look at the shift here Okay, we see them hitting the bid bid pretty aggressively in this area Took it down below these two swings right here. Okay, and we see significant volume trade now Below all of this other activity and we see another retest to where we broke from right here. Okay at this 988 40 level and nothing traded again exhaustion and we get the the Rotation and and follow through to the downside. Okay, so the the process In reading this order flow and seeing it in book map We see it again and again, right? So you'll need to to pay attention And put this into the way that you trade If you were bearish or bullish for that day, it depends. What was your time frame? What were your targets? Okay? this is What is very essential to understanding if you're scalping and looking for In Google it would just be for a couple of dollars. Well, you got it here You would have gotten your target if we were trading down in this area You would have gotten it up in this area here. All right if if if you if your orders are up here in line before or Whatever but you can see that price did go up into that area. All right now at this point here if you were looking for And that other you saw this other shift here. What was your target? Maybe you'd be targeting the lows targeting the lows down here, and you would have gotten it Okay, if you're looking at higher time frames, well, then you'll have to zoom out and you'll have to look at Something a little different, but the process is still the same. All right, just want to cover that and Just review what we were looking at yesterday And and go through it in a little more detail Okay, because we can see it here in the chart What we were looking for and you know really, you know to be honest, I mean my personal opinion We're chopping around until we're gonna get some data tomorrow. All right, we have the non-farm tomorrow All right, so that's that's what I believe is going on yet There are opportunities all day long and we see it in the order flow in book map Okay, so that's that I just wanted to cover that here Let's see Francisco Beautiful how your software draws exhaustion. Yeah, absolutely. I agree. It's it's all there and Showing exhaustion and absorption is book map is really good at Being able to display that for you Let's see nests DT and IQ For equities anytime soon. Not sure about that. I'm sorry. I just don't know What the the product roadmap is for that We're right now. I mean DT and IQ is not a broker. They're just a data feed Okay, so that's the same for DX feed right now the way that we are connecting. This is our initial offer Obviously, you know, we want to connect with brokers so you can actually trade Your funded account. So we're working on all of that. Okay? but this is our initial step here and And it is a good one. I'm really really happy and excited about this new direction with with equities the D the DX feed and the data that it shows is excellent and Very very insightful very powerful, I think the The data feed anyway. Oh one thing Ness about that You might want to check with DX feed from what I understand the technology They are using for equities will be phased out soon. They are not looking at NASDAQ total view Okay, they are looking at something else All right, so inquire them With them and you know get a little bit of insight. We are looking at NASDAQ total view and NASDAQ last trade Okay, so I hope that helps That's why I believe we're not supporting it is because I believe that was the reason is that it's just an older technology Okay, that will be phased out Okay, and Let's see Just looking up some stock twits this morning Just trying to look at what was moving. I did notice that there was a lot of activity here in Goldman Sachs So we can take a look at that Or we can take a look at maybe Bank of America here as well This looks pretty nice. I like that immediately. Look at how they're supporting price underneath here Okay, so on in the limit order book look at the other sides here. We don't we see very Few limit orders Okay, so right right away here I mean we do see big selling here, but this is looking pretty good for an extension at least maybe up into this 2250 or this high liquidity that is here at 48 2248 Okay Anyway, I got in a little late You can see just after 10 o'clock. I started collecting data here in book map and Reason being is that you know, I'm doing a lot of testing and Content generation so I didn't have the full book here to be able to or full Cache session to be able to display to you guys All right any questions anything you guys want to look at The See You can take a look at we can jump back to some of the futures On small caps. Yeah Ness, I think it's you it's gonna be limited to what you see here for the For the equities that we have Apple we have Amazon IBM Goldman Sachs and Bank of America Okay for futures. I have a lot of different feeds here to take a look at You know something that interests me. I'd like to show you is the Correlation tracker right because I do have I Have oil and I have our Bob gasoline. Okay, so these are these are you know Show this correlation tracker and how this works might be really really nice thing to to go over Okay, look at oil on the way up here. Wow. Okay big big move to the upside here And you can see all these limit orders here in the book and we see a lot of transactions take place As price is coming up into this 49 area here figure of 49 and we see a little bit of a continuation above it but We're right back down now to test this swing here and see if the buyers are are still engaged in Crude oil at the moment. Okay, so this is what I want to do. I want to show the correlation tracker Okay, and that will this is one of the add-ons here you get with the advanced package Okay, and we'll enable it. Okay, and let's add one here Okay, and let's add our Bob okay actually, let me Turn that into red Yeah, maybe pink. Maybe that's better. I'll show up a little bit better. Yeah, okay. All right. There we go Okay, so This is I mean these are heavily correlated. We're not looking quite at the crack spread here I'd have to add heating oil but they're they're very highly correlated and one usually leads the other depending on the environment and Let's we'll take a look here and see if we find any Any sort of a good price action? The moment See, I mean I see them very interested here on the On the bid I below this 49 90 here. Okay Okay, what about what about our Bob our Bob has been moving Okay And now it's starting to move to the downside Okay Interesting interesting to watch this Let's see Regret we can yeah, we can look at the the bonds Yeah, yeah, absolutely these correlations. It's great to see that we can we can see they're they're correlating pretty nice They don't see any really any big divergences here yet in in price I Would say here you do see it maybe in this little area here Because we can see that Here we have a nice cluster of activity And you can see that oil actually continued to the upside right and our Bob did not until Until later until this point here Okay, so and and then you can see that Our Bob is now breaking down along with oil. Okay, so Perhaps at some of these levels here, this is where the correlation tracker would have given you something something to go on we can see that oil continued on up to the upside and In our Bob had not at this point, right? So if if you guys are, you know, depends on how you trade There's all sorts of opportunities here At one of these points up here above the figure we're above the 49 figure you can Short oil up into some of these areas here with this high liquidity and then by our Bob, okay, and I trade the spread right and leg in to each position and then when you have Your your profit or your targets in in line here then look to take your Take that trade off Okay, our Bob continues to the downside right now oil had gone up So this might be a shorting opportunity here for oil Okay, and it would have worked out pretty nicely. You would have already gotten five cents Okay, we're gonna retest right back to that area here Let's zoom out just a little bit more Okay, so our Bob is finding support down here though. I mean you can see that I mean these correlations I mean they do give nice nice signals But you got to be on your toes Unless you're unless you really zoomed out and you're looking at something a little bit bigger It really depends on on on your On your time frame All right, so now oil is back up So is our Bob Okay, but look at look at how our Bob made a lower low here compared to oil So there's another discrepancy and in the correlation Okay, oil is making a high oils that just definitely stronger today than than our Bob So maybe maybe be looking for our Bob to catch up now. So maybe you'd want to buy our Bob And and maybe short oil All right, let's let's see what unfolds here. Anyway Let's not I don't want to focus too much on the correlation tracker I want to go through our process of reading the order flow and integrating it into the higher time frames This is what we do And this is what gives us really good insight To these these price levels here. Okay, so let's continue on here We'll integrate this macro view of oil into the microstructure Okay, and then and then we're gonna look at the order flow in detail Okay, this is what we we've been doing every day during these webinars and we'll just continue on here. All right Okay, so Let's let's jump into oil Okay Unfortunately, I didn't have my other charting platform open at this time That this is this will do the trick for for just the moment here Okay All right. Okay, so this 49 level pretty important in oil as we can see Okay, and maybe even maybe a little bit higher 4908 Significant volume here and we're looking for to see if we're gonna come up into that previous volume area You can see that it has accepted for a while now below that Okay, but the buyers are are engaged here. All right. We're making making some higher highs here and This so this is our level of interest are this 4905 the high of the day Okay, and then other areas of interest are going to be down This 4861 or so. Let's look at a five-minute chart now Other than that, this has been a really strong move to the upside. All right, so Let's take a look again Yeah All right. Yeah, oil is strong. All right Okay So coming up to our 4905 now, let's let's start to put that together of that macro view with our microstructure and our order flow We're seeing a lot of volume trade at this higher high here. I'm looking for continuation to the upside and We can see that not too much selling down in some of these little areas here compared to the volume that is trading at the higher highs here, okay, and You know what else? Okay, so what about that that limit order book? Okay, wait, where are they and That's our process here By reading the order flow and Looking at it very objectively. Okay, where are the majority of the participants and How do those participants behave as price approaches them? and Then we want to read the tape. Okay, where the transactions are occurring. So let's let's go through that process here Okay, we see that there were limit orders here. Here we go with our move to the upside okay, okay, we're at highs of the day here for CL Okay Looking at this 4910 level. That's where we see the liquidity in the book Hey, what about on the bid? Where are they? Hey, they're worried yet. They're way down here All right, they're down here at 48 78 Yeah, I will probably see some guys get interested again at Because you can see they were here earlier at 48 90 And we see them actually getting aggressive now At 96 okay jumping in the book. Hey look at them jump underneath here they 160 contracts or so and Looking for aggressive aggressive buying now to charge right up into our 4910 level Okay, and there we go and then right back down to where we broke from And now let's see if we get more buying in again here right at that swing Okay, we still have more more volume trading at higher highs right, okay, I'm gonna open up also another Indicator here that we have our cumulative volume Delta Okay, okay, we're getting a shift here now in the order flow Okay, look at the transactions that are occurring here more volume trading at the lower lows Okay, we just made a lower low here and and we see a lot of a lot of red dots down in that area Okay, so we're getting a shift so now I'm actually I'm looking for continuation and I'm looking for Targeting maybe some of these areas down here around this 4880 area All right, do you guys understand that shift? Do you understand what I'm looking at? Okay, I mean this is it constantly changes. I mean we might even get another shift right here And we might be looking for now a move to the upside Okay, it shifts again and again. I mean this is this is tricky All right, I look at the look at the volume here that just traded buyers are jumping back in So we're getting a battle in this area here right at right below 49. This is a key level Okay, it was this volume here and also these little points of exhaustion here That I was reading that I'm looking for that continuation to the downside That shifted here again for me as well. So, you know, I'm I'm staying out of this. I would not This is confusing in this complex looking for something a little simpler Right This this this cluster of volume here through throws me off Right, whereas before these were it was looking pretty good We saw the clusters of volume here at these higher highs And I'm looking for that continuation and then here we get the shift Okay red dots more volume at a lower area We have points of exhaustion looking for a continuation to the downside and then here The buyers stepped in okay, and that picture changed yet again Okay, so this is this is pretty tricky price action to read And and now now it looks I mean if we you could be scalping this going back and forth all day But it looks now it now it looks good for a move to the upside Right because look at this cluster of volume above this swing here at 49 Okay, are we starting to accept above 49? And it's looking pretty good Right now we just need to see a lot of green dots. Okay more volume At a higher level here, okay, and then we'll finally probably hit our 49-10 level Okay, what about the book where they lined up there if you're at 05 and they're here at 848 99 So this is this is the battle here. It's for the figure here at 49 Let's see any insight from our Bob or how about our cumulative volume Delta Not really Kind of kind of difficult to read here. Not the clearest Okay, I mean we can see that our Bob did not make higher highs here as oil did so oil is definitely stronger Let's see reading your full. How would you? softwash Show up volatility Yeah, volatility is actually very easy to read as well in in book map You'll you will just see that a Lot of these orders here. This is pretty there's pretty thick for for oil, you know to see hundreds of contracts At at some of these levels is pretty pretty good Usually it's in the tens or the high tens Or maybe the low hundreds, but these these areas are you know, there's a lot of interest here All right With volatility though, you're gonna see this book really thin out you instead of maybe you'll see it in the Low tens or even single digits For oil and you'll see very erratic price movement Okay, and and it's nice actually to see that volatility because the book You'll see that the Liquidity will be up at some of these levels or down at some of these levels here, and there'll be nothing in between Right and that's when you get that volatility because it's searching for liquidity and it find is finding them at extremes Okay, in fact, that's kind of what it looks like in stocks almost all the time So let's let's zoom out here a little bit in Amazon That's what's so great about looking at these equities here is You know here here are these levels of high liquidity in Amazon these blocks here of liquidity and You know and we don't see We see some activity, you know on the on the best bid and offer That some algo activity here moving price around or shifting price around especially like underneath here but the You know, you'll you'll see that this This other area other areas of liquidity here, you know become rather insignificant. We're looking at the bigger blocks Of liquidity and liquidity providers Okay, here we go here. We go with oil now see notice the Okay, that that shift right that we're looking for right we're getting it here yet again Okay, more volume trading to the upside and and now we're finally testing our 4910 level Okay, so Francisco all of those guys that We're looking for that continuation to the downside in this area They would be trapped here and are probably covering up here all right So let's let's draw on our horizontal line here. Okay, some something like this Okay, that shift happened here Okay, we noticed it. Okay, we noticed the shift. We noticed the shift here We noticed the exhaustion and we noticed the shift yet again here And then and then we saw this this price structure break these little swings here And we're looking for green dots and then and we see the follow-through now all right, okay so Yeah, pretty pretty quick moving here And we're kind of all over the place But I think you guys are getting the point here of what I'm covering with these shifts in the order flow or the transactions And in the limit order book You know oil. Yeah, I mean we're it's still, you know this these principles Still are very true in oil It's just that I Have noticed this personally that With oil there seems to be a lot more aggressive trading with market buys and sells Instead of compared to the S&P where you'll see these areas of liquidity High liquidity You know has more seems to have more an effect on price a different markets different ways of trading here, okay, so I keep that in mind and Yeah, look at look it again. I mean we're all over the place here oil had made that high or high Okay, 49 15 area here and look at now We're starting to get another shift in that liquidity at below this area here We can even adjust our line now and we can move this up a little bit Okay, and there we go. There's the follow-through. All right. I can't even it's not you know I'm not even quick enough to Adjust that line and we already see the follow-through to the downside All right, but we noticed it right we noticed it right here Okay so this is Yeah, pretty pretty volatile Period back banging back and forth here in oil Okay, but it was right here where we had the insight Okay before this 15 cent move to the downside. Okay, and we have more volume trading at a lower low here okay, so Yeah, if we follow through with it. We're looking for continuation to the downside Again still in oil. All right based on the transactions. We're looking at okay where that volume is trading I'm looking for that continuation and there we go There it is And this is moving really quickly Okay, so I was just mentioning it here around 48 84 or so something like that And we did get that follow-through Yeah, it's something's going on. I'm not sure what the what the news is But something's going on Okay, but this is pretty wicked. We're getting a lot of Trap traders and a lot of covering a lot of knocking people out below these swings and above these swings here Okay Anyway, here's a phenomena that we see all the time as well a return back to where we just broke from at our 48 84 level here right Yeah induction, you know advertising lower prices You know in the market market theory market auction theory You know, however, however you want to describe it Okay, okay I mean, it's all over the place, but Let's take a look now. What do we see now? I mean now I'm starting to see look at them in the limit order book here Okay, pretty aggressive Wanting to be buyers above the swing Okay at and above the swing here and we're seeing a lot of a lot of buying here a lot of buying interest all of a sudden starting to step in Okay, look at the green. Look at the color of these transactions here or the The Delta of these transactions we see a bit more buying than we do selling Okay, and we can verify that we'll just I'll zoom in here and I'll put this Activity within my chart range and we can look at our CBD here Accumulative volume Delta Okay, we can see it pick up in some of these areas here. Okay, so we see a little bit more aggressive buying in this area right here all right yeah auction market theories and it's an excellent thing to see in book map because it truly is an auction and This is the advantage that Book map can Offer you is because here's the auction right. It's all in the limit order book and We take that auction and then we record it and historically Present it to you on the chart here Okay, so we know that this is where they were before and this is where they still are This is where they want to buy right in the current book They want to sell up here at 80 and 81 and they want to buy down here at 72 All right, that's the condition right now of the current market The majority of the players are between it, you know these areas here. Look at there There's our shift. Look at our shift in the Wow, we're just banging all over the place here. There was a shift right here Okay, looks like maybe they're trying to press price into these 157 contracts here, but they jumped right back out and We're actually now above that little area here. Okay now we're testing these guys up here at 81. Yeah, absolutely looking at auction market theory like You you can really I think it better visualizes it than well anything else. I've seen is is being able to Show you Not only where they are currently but where they were previously and to see if they're still engaged at those areas Okay, let's see if we get another shift of the book right here in this area or shift in the transactions Okay, I'm looking for and why am I saying that because I want to see like you can see them here on the offer at this 81 area that we recognized just a few minutes ago Let's see if they flipped over to the other side. Okay, they were here on the on the offer now They're on the bid. Okay. This is a flip of the book Now, let's see if we get big green dots here and we'll charge right up into 4890 and There we go. Okay Come on. Just a few more a few more ticks here Hit for 4890 See if we get it, but do you guys can you guys see that? Do you see that flip of the book here? Okay? This is Something you're gonna see again and again in book map It's just how the markets work. In fact, this is very objective information We made a video about it. I can show that video here for you Or I can at least give you the link for it. So just a minute here Okay, so look in your chat there and go to webinar And this is a flip of the book And we're witnessing a flip of that right now. Okay. Now we're testing that 4890 level Okay, that we were looking at previously And looking good here, right? Okay, I mean you can see how quickly this is changing. This is a kind of kind of insane, but Nonetheless the the principles are holding true. Okay, so let's cover that let's cover that phenomena here that flip of the book Watch that video. I think that'll be helpful for you But I can click on the hand tool we can hover over this area and I'm gonna zoom in and we can see the flip here okay Here they were on the offer at 81 Hey, we come up into that area They pull liquidity not much trades up here And but look what they actually flipped down below here at 78 But then here right at the same price level as soon as we start to trade up above 81 they jump right back in at 81 here, but they're not on the offer now. They're on the bid And then we were looking for those green dots in that continuation to the upside Right, and we got a nine cent gain out of that Okay, a little bit more 10 cent gain Okay, so you can see how Today's a little a little quicker than than than usual, but you can see how This can help you Understand what's going on at these price levels. This is not going to show up in a regular chart You're not gonna be able to see that flip All right Okay, any questions on that? You know we can go over this in detail if you guys if you guys like All right. Well, what do we see now? I mean Still I mean we've traded above our 81 level Okay, or 80. It's more like maybe 83 here 83 84 level Actually, and that's exactly the level we were looking at previously to be honest Let me draw in another line here Yeah, this is where we saw that drop. We were looking for that continuation to the downside right here Okay, and and you can see we came right back up to test it again, and then we saw the flip Right in here, and then we see that now this is the we're are we accepting volume above this area here? at 82 83 area Okay, all right. Anyway some good scalping activity today And you can see that we've been reading it pretty nicely Seeing the looking for that continuation. We got it looking for that Continuation here up to 4890. We got it. We saw the Over here didn't quite get it. I was looking for that Continuation to the downside in this area here based on very objective information We saw but then we saw the flip or I'm sorry. We saw the transactions Tell us something differently by reading that tape. Okay at this point here We were looking then for that continuation to the upside. Okay, and you can see that we got that as well All right, so man, you would have been long short long short long short etc but anyway The the process is of reading this is is holding very nicely Okay Well, let's jump back and take a look at a few equities just for kicks. I'm still interested in Goldman Sachs Ah Nothing, it's just been in a big range. What about our Bank of America? Okay, let's let's zoom out there because that looked pretty good early on We're in this area here what looked really interesting here So what what occurred here we saw the support here and very aggressive underneath here with the limit by orders Boy, we only moved a few cents really So now now we can see that they're pretty aggressive here on the offer All right I think we covered the the right market then because Not not seeing too much interesting stuff here in either Bank of America or or Goldman Sachs What about Apple? What does Apple look like? all over the place too and What about our Amazon that we've been covering here? Okay, interesting stuff in Amazon. Look at the flip nice flip of the book here. Okay. Look at 9 95 Here on the offer Now here on the bid Volume and price and time accepting up in this level above 95 All right, and what about transactions? Do we are we seeing something change in the order flow and right now? I'm not really I'm not seeing a lot of big red dots at these lower areas here Okay, now that may change but from what I'm looking at and seen so far I would start to anticipate this 90 9650 level here to be tested next. All right All right guys, well, let's let's wrap it up. We'll call it a day If you guys want to give book map a try in that 14-day trial period Go to book map comma under the pricing tab here. You can ask us at Support at Velox Pro as well and we'll be happy to help you but anyway, it's an interesting stuff to see in oil and Yeah, have a good day and we'll catch up with you guys tomorrow. Bye. Bye