 Broadcast is now starting. All attendees are in listen-only mode. Good afternoon, traders. Welcome to the DX Feed Bookmap webinar. And we'll be looking at US equities, trading US equities, in the data visualization that you're getting through DX Feed Bookmap. And the whole goal here is to show you how to get a competitive advantage right now, today. And it's going to be through the visualization of Bookmap, as well as the data feed that comes from DX Feed. Okay, so let's get into the risk disclaimer here. Trading equities and futures involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Okay, a little bit about me. My name is Bruce, a trader of 10 years in a variety of markets, order flow specialist here at Bookmap. I lead the Bookmap Trading Education expertise in order flow and micro, market micro structure. You can find us on Twitter at bookmap underscore pro. You can subscribe to our YouTube page, look up Bookmap on YouTube, and you can reach out to us at support at bookmap.com if you have any questions. Okay, so just starting off here with these pretty lofty bold statement, get a competitive advantage now. But I think by the end of the webinar you'll be able to understand what I'm saying and how we're objectively going through that and showing this. So ask any questions along the way here. I'll probably hold off until a bit later to answer them, but just get them in in the questions section there. So anyway, what we're going to cover and go over is looking at all market liquidity and full depth of market, reading the order flow in micro and macro structures, reading the algos and larger players, and then examples of some bookmap traders. But mostly we're going to get into some of the live market analysis and also set some orders to show you a little bit about the one-click trading in bookmap. All right, so let's continue on here. Now the goal here is we're going to, showing this, this is from the presentation here, interesting slide of Apple from back in March 22nd. Now the goal here though is to look at this here if you're new to bookmap completely new. By the end of the webinar be able to understand what you're looking at and how to start to anticipate future price movement by what you see here in bookmap. All right, so that's our lofty goal and hold on just a minute here. I think just closed a window. I did not want to close. Okay, where did that go? Okay, I got it. Okay, so let's move on here. The overview of DX feed bookmap. So what is it? Well, bookmap is a trading platform and we're connecting through DX feed. Now DX feed you can trade right from the bookmap chart. Any of the trading though that you do is going to take place within an Interactive Brokers Traders Workstation or Interactive Brokers account. That's the only connection that we have right now between a linked live account and and DX feed but it is possible if you have that Interactive Brokers account. We're working on others so it's just our initial offering here. Okay, so again what is a DX feed bookmap? Unique visualization software. We're a trading platform and showing the market in a unique way. The DX feed bookmap connects to all US equities. I'll go over the connection in a bit and then it also allows for futures and digital currency connections as well. Okay, now I want to start off here with a poll just to get a little bit of insight from some of the traders here. How do you use the dome? Okay, so let me get this poll going and launch it. Okay, so you should see it now and the question here, you know, how do you use a dome? It's a multiple choice so you can answer with as many times as you like here. If you never use it you're not accustomed to it at all or is this something that you use just for setting orders and managing some of your trades and really that's about it. Or do you start to look at some simple analysis of the liquidity levels every now and then when you're engaged in a trade or managing a trade or perhaps you are using it for, you know, a lot of just adding to trades on higher timeframes and just kind of managing but looking at the dome at specific areas on the higher timeframes or the most active is going to be a scalper. Okay, who's really just looking at the dome and maybe maybe a higher timeframe chart. Whoops, I'm sorry here. So yeah, let me know if you guys can start to make some selections here and just give an overall feel for how you use the dome. It's pretty even so far. A couple scalpers looks like and then some people rarely or ever use it. Okay, so nothing really in the middle which is kind of interesting. Anyway, I'm going to show you like you're going to be able to use it on for all timeframes here in bookmap and the reason being is that we record that data and you can access it now on much higher timeframes. So it's going to be quite a nice benefit here. So that dome and all of those numbers changing very quickly, you'll see that you'll be able to read that very easily and visually in bookmap. Okay, so just waiting for one more here if you guys can just get your votes in. One or two more. Alright, so let's close it up. So yeah, it's really kind of in between like far ends here. Either you don't use it very often or very very little or you're scalping which is great. We'll cover both ends no problem. We'll close it up and get our screen back up here. Okay, so now you can see my screen again. Okay, well let's continue on. Alright, so and we're going to talk a little bit about market data. This is an important part especially today more than ever than before because we're getting into some of the nuances in order flow and having good data makes a difference. In the past and also today, most of us, you know, most of the traders out there are really only accessing about 10% of the data in traditional charts. Even with a footprint chart, you're only accessing about 10% of that data. Okay, you're looking at only the executed volume but you're looking at aggregated data still. And what do I mean by aggregated data? Well that's really simple. You're looking at like some sort of bar chart. It's going to aggregate within a time period. It could be five minutes. It could be an hour. It could be, you know, one minute. Doesn't matter. It's still aggregated with open, high, low, and close of that period. And that's a real disadvantage. And another one is, you know, you'll try to make up for the difference with a lot of indicators. And those indicators are they're derivatives of time, price, and volume. So they're not giving you a complete picture of really what's going on. It is really a disservice in a lot of ways because you are getting this kind of derivative based on something that is aggregated which you can't even see where the orders are. Okay, and it's really about 10% of the volume or the data that's available out there. Well in BookMap you're getting all of the data. You're getting all those executed trades, but you're not looking at aggregated data. You're looking at best bid and offer historically. So you're seeing microstructure. And then you're looking at also the full depth of market. So the current and historical market. And this is like looking forward to showing that. I think you'll really enjoy that. Now the triangle you see over here on the right hand side, based on good data, you can draw information. And then that information is going to lead to your knowledge. And then based on that knowledge over a time period you're going to develop wisdom. So it all starts down with a good foundation with solid data. And that's important to recognize, especially in today's markets. So data makes the difference. Without good data it's garbage in and garbage out. So in the DX Feed BookMap covers all U.S. equities. You get full depth of market. Very low latency. There are servers around the globe. So the latency is very low. And then I'll go over some of the choices that you get with the data. There's NASDAQ TotalView and Last Sale. There's EdgeX, which is basically bats. Or you can get both of these together. You can get the combo and get NASDAQ and EdgeX together. All right, now using the dome. This is the view we're accustomed to using a dome, especially for stocks. On this side we have the bid here. On the other side we have the offer. This is the top of the book right here. This is the current market, your level one data. Here's the bid at $24.64. Here's the ask at $24.66 with a two cent spread. And you can see the liquidity providers. You can see the price levels. And you can see the amount of liquidity here at each price level. So a lot of information here and these numbers are constantly changing. They're constantly adding and pulling liquidity. So reading this is very, very difficult. It's great to use the dome. I mean, you're looking at things at a professional level. You can see some of the larger players very clearly, black and white in the text. And you can also manage your entries, exits, and trade management on these very low time frames. But let's go over the dome and book map and compare. So we can compare the apples to apples and oranges to oranges here. The top of the book is here, as I mentioned earlier, best bid, best ask. Where is in book map? It's over here. This, the current market is to the right of this vertical white line. And this dashed green line, this is your best bid. Your best ask is right here with a dashed red line. And now these don't add up. I mean, they're two different symbols. I'm just, I pulled an image off of the internet. And we're looking at Green Mountain Coffee Roasters versus Apple here. And so that's the top of the book, the level one inside data. Here's your depth here on the ask, your depth of market here in your dome. And then your depth of market here in book map. All of these are sellers lined up to sell. These are all buyers here on the bid to buy at these levels and here they are on the bid here. Here they are on the ask in book map up above current price. So we have a reference with price and where the buyers and sellers are. Now the disadvantage is here of using this dome. Well, first is that there's no historical view. When these numbers change, it's back to the current market. You'll have to memorize what those areas were. And due to that, it's really difficult, basically impossible to start to read some of the algorithmic activity. Some of the larger players, very difficult to read. Because they'll be changing that liquidity from one level to the next and you won't be able to see it. Maybe you'll catch your eye for a minute, but then, you know, where would they land next? Very tedious to read. And you certainly get no micro structural content or context, or nor any kind of macro structural context. Very difficult. The advantages in book map is you get this quick graphical representation. Let me explain what it is here in book map. Now we covered best bid and offer here. The depth here on the offer and your depth on the bid. And this number here is your last traded volume. And what you're looking at in the heat map here is our areas of very high liquidity that are transformed into a heat map. That's it. So what we're doing is taking the dome, these numeric values here. So there's 3,600 shares up here. And then followed by 2,200, just one cent higher here in Apple. And then we paint it into the heat map. And there's a graphical representation of the liquidity. So the scaling is, you can see the darkest red up here. Well, here by far in the book, you know, larger players are up here. Almost 32,000 shares are up here. Okay, so that area is this kind of dark red. And then when it gets lighter orange, these are areas of little, of less liquidity. So about a tenth of the size here, one tick above. Okay. And note the areas here as well. Larger players are at where? 180,650. Okay, these round number figures. You're going to see this again and again, especially with U.S. equities. And less liquidity. Well, this one's 2,200. Well, you can see it's kind of this yellowish white color. And on the bid, they're down here at 180,624 with 2,360 shares available there on the bid. Pretty close to the one tick away or one cent away from the best bid. All right. Now, another advantage that you're getting with DX feed book map is it's a consolidated feed. We've stripped away those market makers and it's all together at one price level. All added and consolidated together. So, you know, you can very quickly read it. You don't have to look at all those kind of details. The microstructural context is right in front of us. Okay. And what do I mean? Well, we were since we record this data to the left of this vertical white line is the historical market. So you can see that they were they were offering up here this entire time. But look at up here at 180,646. See, note these striations in the in the map and note that it went from orange to yellow to kind of this, you know, pale or beige and then it ended up back there. And well, that's the adding and pulling of liquidity. So when it got, you know, when it was orange, it was more than they pulled. They added back in pulled some added back in and then pulled again. And that's what it looks like. Now we can start to gauge the context and microstructural context of what's going on here. These guys down here, it looks like they traded at 186.30. They stayed in the book and the aggressor, the sellers took them on. They traded right into them right here. And again, then now they traded into them and they had enough selling pressure to trade through that area and trade it on down below. And we're also going to be able to see a macro view. So let's continue on here and let me just show you the elements here and then I'll get into the microstructure. This is the same chart we were just looking at, just a bigger view. So the other elements on the chart, now we've covered the heat map and liquidity. There's only two other elements on this chart. It's very, very simple, straightforward data. The second element here is this historical best bid and offer. So here's the current best bid and offer. And then the historical is just this red line and the green line here is the best bid. And this is it over time and it allows us to see microstructure. And I'll talk about that in just a second. The other areas here, this red dot here, all of these red dots here, this is aggressor sell volume. So they hit the market sell button. And they're taking liquidity off of the best bid. That's just how the market works. The green is the opposite. It's aggressive market buy. They want to be buyers, they hit the market buy button, they pay up, they pay the spread, and they take liquidity off of the best offer. All right, so now we know what the volume looks like. We know what the historical best bid and offer looks like. And we also have the auction, where they're bidding and where they're offering. And we have that recorded and we also have it in real time. All right, now, microstructure, we can start to read it. And we can put this into context too of the heat map in that auction that I was just mentioning. Well, we shy away from up here these 31,787 contracts or shares up here. Okay, you can see that the buyers start to nibble away at the top here, but they end up kind of giving up here. We rotate lower, we find some sellers. They start to hit the bid. They were down below this little micro consolidation area here, this microstructure. And we came down with some volume. You can see the aggressive sellers here. And a little bit of a tap back here, low volume tap back into this little area by just a few cents. Right back down and look at the sellers down here and the transactions down here. Price is pretty happy down here. It is now down below this area. It's down in this microstructure. And then now look at what occurs down here. Look at them first off on the, well, basically on the offer here, start to show very high liquidity. And then again here at this 8638 area. Okay, they want to buy now is what they're showing. And they're showing they want to sell here, but look how the time length they were in that market, very little. And they came in again here. And very high liquidity, a couple of different price levels here. And the reaction to it was we found the sellers and they traded through the buyers here. Okay, so we're trending down now. We've trended once down. We've come down again. We do get a pullback here, but we find the sellers yet again. And we come back down into the next level of high liquidity. So we're starting to read the dome here in a recent historical context in the microstructure. But since we record this data, and it's available, when we start to zoom out, we're going to start to be able to use this data in the dome here on much higher time frames. So let's do that. Now, this is going to be the same chart here. Okay, we're looking at Apple. We're down here for the moment here at 18625, let's say, or 27. And we're going to zoom out here. And then now we're up at 18634. So it moved up a little bit, right? It was this little little area right here where we saw all that microstructural stuff. But now I've zoomed out and we have several hours of data here. Okay, from the US open here at 930. Okay, so now we can start to use the context of that dome on this much, much higher timeframe. All of that little price action, well, in the bigger picture, we're looking at actually, it looks like it wants to come up and test this 18639. I think that was in the C45 and then 50 here. So we're going to see 50 in here. So it looks like they actually came in a little bit, yeah, right around this, they came in a little bit earlier here. And then that 45 area, they started to pull. And then here is that area where we're looking at with those almost 32,000 shares at this 18650. And they've been here all day long, almost, almost all day long. We saw some quick actions here and then they layered in here. And this is what I mean by full depth of market. And I'll touch on this many times here because this is quite an advantage. All of these areas are live, even though there are several dollars away from current price or can be, it can be $10, $100 away. There's still going to be live areas. So when larger players start to layer in with high liquidity, you're going to be able to see it. And that's going to give you an advantage. So anyway, now we're starting to understand where they are. Here are the sellers up here. Buyers, well, we kind of broke out of this little area here and they're supporting it down at 186 now. So note this little kind of pattern. In fact, kind of a shoulder, head, shoulder, some sideways action. And then we broke above right here. And it's been bullish so far. So they're here at 186 to support any move to the, any pullback and then looking for a move to the upside. Anyway, using, starting to use the macro view with the dome because you can. And then here we'll start to get into some of these examples. And this is where I want to get into the live market. These, if we don't see good examples in the live market, we'll come back and look at some of these static images. Okay. Because some of these static images, these show it very, very clearly. Like a reversal here. You know, where are they on the bid? 101. There's no question about it. Very high liquidity here. They trades through it. The sellers trade through it, right? But we kind of rotate back and forth and we find the buyers that we trade up above it. The sellers come right back in. I'm sorry, the buyers come right back in and they're bidding again here at 101. So we have our like shoulder here. They shied away from it. They traded through it. This is our head. And then here's our shoulder. And note how they're still back in here at 101. Supporting price. Where's the target? Well, it's the high liquidity. It's up here at 102. Okay. And you can see that they started to come in here at this area here. Because why? Because it's kind of the top of this range here. And then a little bit higher as well. And then let's just take a look, though. Did the buyers take control of this area? Absolutely. Look at the volume that traded up here. And what type of volume is it? Well, we can see it. We can look at the dots here and we can start to understand that there are a lot of buyers up here. Aggressive buyers. We can also see it in the sub chart down here. Where it really started to pick up. So buyers in control go away from the 101 area and looking to target the 102. All right. So I'm going to go through these examples quickly. And then we're going to look at the live market and look for the same things. Here's another area. And you'll see this all the time as well. The high areas of liquidity. Here's our open at 930. Look at the larger players immediately. You know where they are. They're layering in here at 180, 181, 182, 183. We kind of go back and forth here, but we trade into it. And look at the transactions that buyers take these guys on. And there is a pullback. It looks like they were absorbed, but we find more buyers again. Those we don't find anyone wanting to sell here again at 180. They want to sell now at 181 where they've been waiting. And we get a nice breakout to the upside here. We get a pullback to where we broke from here. Note how they're starting to flip again. From they were on the offer here. Now look at them starting to flip and be buyers here on the bid. At 180. So if they're starting to support it here and we find buyers again, we're going to rotate back up and we're going to trade into the higher liquidity. We're starting to trend now. We're making higher highs and we're starting to target these areas of high liquidity. And note how these areas that were supply turn into demand. And pretty nice example. You'll see it again and again. Target ultimate target is 183. All right. That's where the very high liquidity is here in Facebook. All right. Another one. This is absorption. And I alluded to absorption here or started to call it out here. We're looking at Facebook again and up at 183. I'm not sure if this, I think this might have been the same chart. Not sure, but the very, very high liquidity up here, shy away from it, trade into it here, totally absorbed. How do I know it's totally absorbed? 52,000 shares are up here. And I know that this is totally absorbed because there's still shares up here. And the buyers did not trade through it. So if they can't trade through it, we've got to find more buyers. Where are we going to find them on the bid down here? Okay. They're down here. They've already been in the book here, 180, 260. They also start to come in where? 180, 250. Okay. You'll see it again and again at the big figures. And that's where we're going to find the buyers. And if we find enough buyers, it will probably rotate back up and maybe test, retest this area up here again. Anyway, that's absorption. And this is what absorption looks like. When the aggressor meets that very, very high liquidity here and cannot trade through it, totally absorbed by the sellers. All right. Here's another one in Naples, a good example, completely absorbed up into this area here, as you can see. And they were still in the book this entire time. All right. Let's go over the opposite of absorption and start to get into some of the liquidity and transactions here. The opposite is lack of trading. There's no one there. And there's no one interested in trading there. Either. So look at these little points here. Look at the transactions down here. We just see the best bid and just the best bid. Right. There's nothing, no one trading down there. There's no interest in trading down here. No sellers are willing to hit that bid here and try to drive price lower. There's just no interest in selling. So it rotates back up. And where does it rotate back up into? Rotates back up into these areas here where there's high liquidity and transactions. Right. Market needs that high liquidity and needs transactions. And that's how you start to get into your volume profiles, etc. of price and acceptance and areas. It's rejection down here. It's rejecting and it's coming back up into the range. That's what's occurring here. That's what I mean by exhaustion. And Bookmap shows it pretty nicely here. All right. Let's continue to move on. I'm going to go through these quickly, like I said, so we can get into some of the live analysis and then get to your questions. Algorithmic activity that you're going to see these guys, like they're going to stick out like a sore thumb. Here's an ignition algo. And I'll describe what it is here quickly. It's very high liquidity. And you can see it's got to be one individual actor because note how he is providing this liquidity here. Pulse it as it adds it some cents higher. Pulse it again as it higher. Pulse it again, etc. And then at this point here at one, or this is Amazon, so at 15.98 and 60 cents, they stay in the book here. The game here is pretty simple. It looks pretty straightforward. Very high demand here. And what happens here? What is the reaction? We're finding some buyers, especially in this area here. We're going to target 1600. They're trying to ignite buys above 1600, is what it looks like to me. And in fact, these guys pull at 1600 here. As right at the last second, when price is coming up here, they pull that very high liquidity as you can see and price is able to easily float up above it as it continues to search for sellers. So it's trying to, it might be igniting stops. It might be trying to, it's just trying to ignite buyers and it's working here are the buyers and here they are again as price continue on up. And you'll start to understand these algos and the behavior of these algos. Now this is a disruptive and prohibitive practice, but that you'll still see it. And it needs to be proven. They stayed in the book here. So it had the potential to trade. Anyway, let's move on. The skew of the book. Here's another one reading that algorithmic activity looking at JP Morgan. Very high liquidity up here. Okay, 29,000 shares are up here. And look at this guy. And we know this has got to be an individual actor. Because high liquidity up here pulls it, adds it lower, is in here for a little bit pulls it, adds it lower, getting very aggressive now, very close to current price pulls as lower and does it again. So it looks like they're trying to show a lot of supply here to try to get price to go down. And they might be chasing, they might be doing a lot of different things. To me though, this looks like trying to skew the order book to dissuade those buyers and try to find sellers to get maybe down into some of these areas where maybe they'll scoop it up for a lower price. Anyway, you can read algorithmic behavior here. And this is another great one here. You'll see this again and again during economic releases and news. And here is Tesla. And this was actually during March 22nd again. And this was during the tariff. Geopolitical tensions, I think Trump was mentioning something about tariffs with China. And well, that's good news for Tesla, as you can see very clearly here. But what I want to point out here is the, see this liquidity here, as soon as that news came out, look what happened. They started pulling that liquidity. We can see a distinct line here. So there's risk all of a sudden, something's new and is geopolitical news. But what happens here? What do we read? Well, we can start to see like, okay, these guys actually popped back in but they pulled. So they don't want to trade at these areas. This guy certainly doesn't want to trade at this area here. But this guy does. Why is that? Well, we're starting to understand and read that this player up here, and they've spent millions of dollars on their analysis to understand what the worth of Tesla is. And they think it's a sell up here. Okay, so when there's no liquidity, and it gets dark in these other areas because they've been pulling that liquidity, price is going to come up into those areas where they're still willing to sell. And that's exactly what it does. Actually, someone did pop in in front, run that a little bit here, as you can see it, 319. And then 320, 32010, that was where it came up into. So you're starting to understand valuation of larger players who have spent millions of dollars to put risk into the market. And this was their assessment. So it's good to look at it that way of, and you'll see during economic releases, as well as geopolitical news, where the larger players have evaluated. In fact, we can take that one further. Now, this is the same with Apple, and I'm not going to go into the details on this. We've got to get to that live market. But I want to use that same example here with the depth of market and the open, at the cash open. In fact, let's get out of the presentation and let me show you in the live market. It's just like this one here in Netflix today. Where are the larger players? Here's our 930 open, clear as day. Here's where they started to layer into the book. Well, sellers right away at 370, and then they started to front run that here around this 69 or 68 area, even a little bit lower here. That's where the sellers are. Now it's been a down day, and we came into areas of targeting these other areas of high liquidity. In fact, I covered this in the webinar this morning a bit. Where were they? Well, there's some that layered in a little bit later here. They didn't, it wasn't quite at the open. It was a little after. But look at this target here. And they started to even add in more here down at this 59 area. Traded right down into it, and it continued on. Based on that, I would be looking for it to trade down to 55 because we're still finding sellers that traded through this area. Well, we had a lot of back and forth. And then, so it's not quite as smooth as some of those other days. Well, you see a little ping-pong ball right back to where they were in the book. And they've been there since the beginning of the session. This is new information. You can see they're bidding up in some of these areas here. So it looks like larger players think that Netflix is a deal at some of these areas here. So it looks like they're willing to get in. Anyway, sellers are still trading into them, as you can see here. So in the end, the point is the evaluation. This is where someone has evaluated is worth to buy. And even during this down day, they're still in here. And they're still willing to buy. Someone else has figured out something different here. Let's take a look at another example. Let's maybe look at Alibaba and zoom out. Same type of thing here. In fact, you can even see some of the pre-market data here. And these guys did stay in the book. And then, again, some of these other areas here as well as here. So around 202. And we went down below 202. But they're entrated just above 201 here. But it's starting to slow down a bit, starting to find a lack of aggressive selling so far. They haven't really found buyers yet, but we haven't found more sellers at these lower lows. Anyway, point is that you can see where these larger players are evaluating price because they'll stay in the book. And the guys down here at 200, the figure, they've been in here all day long. All right, so point made. Let's move on. Any more examples? We can get into some of the trade examples, larger players or book map traders, I'm sorry, and how they're using it. And then let's jump back and then into that live market. And then I'll start to answer some of your questions as well about the live market or anything else. So here, this trader, he's looking at a bigger picture with SPY. He's noticing back and forth here. And he notices that price is going down here. For, oh, I don't know, this is a five minute chart. So for like about a half hour, it's going down. So looks at book map. Now he's doing a correlated comparison here with the VIX. And he notes in book map, this really high area of liquidity here, okay, 47.16 in the VIX. And he knows that VIX is going down. Well, something's not right. The VIX, if this is the volatility index, showing lower volatility. Okay, well, that's not possible because something's wrong here. There's a discrepancy in this correlation. This SPY is going down. It should be higher volatility. Okay, so what does he do? He sees that discrepancy. He jumps in and he buys here just one option of the S&P E-mini. He bought it at $13.25. You can see it at $255 here. Okay, and then he's waiting for that spread trade or that correlation to come back in line. And here it is, top of the range back here, SPY. Okay, he takes a look back at the VIX index. Okay, and now it is down. It's gone down lower into, and you can see it's starting to get into some higher liquidity here. Bottom of the, whoops, bottom of the range here. It just sizes the cover. So that correlation is lined up back again. So he's only in here for six minutes, and then he sold it for $15. So $0.75, so $175 for six minutes. And that's just his way of trading some of the options. So looking for options, but also correlated markets there. Here's another trader looking at some of the penny stocks, or this is some of the pharmaceuticals, VTVT. And he's eyeing here this psychological level of $150. Notice the break here on strong volume to the upside through that area, and volume starting trade up above $150. But look at them and how they're supporting it in book map on the bid here. High liquidity here, and it really starts to get high in these areas down here. So now he's looking for, you can see he's drawing a trend line as well, and he wants to see if these buyers stay in control here. And he notes in this little area here, and this little move to the upside, buyers jump right back in. He's looking for a low volume pullback. He gets it here, very low volume, and then he's looking right into area of high liquidity. It doesn't get out of the way. They don't even trade into it, it looks like. And he wants to be a buyer, and he's looking for that continuation to the upside. So just some very basic things through this important level at $150. So in terms of competitive advantage, that's, you can see where these traders are. You can understand their behavior, and you can take advantage of that. So that's the advantage that you're getting. And just right off the bat, being able to understand that full depth of market right at the cash open is going to give you advantage straight away. So let me know if you have any questions. Here's that chart of book map again of Apple, and now we can start to maybe read some of the structure, liquidity, and transactions in this from the very beginning of the webinar here. And yeah, let's just go through it. I mean, you can see that we have the 930 open somewhere around here. And we go back and forth here, but immediately we already know up here, this is where they're selling $176.50, this is where they're buying at $175. And we kind of go back and forth here, but then they front run that liquidity here. So all of a sudden, sellers come in a lot more aggressive at $176.30. And trade into it, it looks like, or just shy of it, and we start to rotate down, and we're looking for buyers. Where do we find the buyers? Clear as day, right here, $175, right to it. Looks like they traded, they transacted, they are now long. We get a double bottom here, and look at the transactions here, compared to here, a lot less. We rotate back up, we find some buyers, and they start to lift the offer into where? Targeting areas of high liquidity, again. And then this is that example of Apple here. You can see, it looks like to me, someone knew something, because they jumped into the book here with very high liquidity on the offer. And this was that geopolitical tensions, again, about the Chinese tariff. And funny enough, as Tesla went up, Apple went down. And it makes sense, because this is going to hurt Apple, because a lot of the either components or the assembly is done in China. And now that's going to hurt Apple. And you can see how traders reacted to that. Anyway, where does it go to? High liquidity. Targeting a high liquidity. All right, you can see someone knew something too, as well. It looks like this is after the market here, layering in at $173.90, $80.70. So maybe it's not such a bad deal. After all, maybe a little overreaction by those sellers. All right, so let's get to your questions. And I'll start to, why you guys get your questions in. We'll start to look at some of the live market. And then we'll end up showing you where you can find Bookmap here, as well. Well, I'll go over that quickly. And then we'll look into some of these live markets here. So if you're interested in getting Bookmap, this is the way to go. Go to bookmap.com. Click on the link here in the toolbar packages. And this is what you need. You can either subscribe monthly or yearly. And what you're looking for is the global version. That's what you need for U.S. equities and DX feed. And for futures as well. Global or global plus. The global plus includes our add-on indicators. That's the distinction. All right, so that's the version you need. So go through the purchasing process for that. And then once you've done that, the next step here is to log back into bookmap.com into your user portal, your Bookmap portal. And then click on this add-ons here in the left margin. And that's where you're going to purchase DX feed. That's the data feed. Remember, software first, data next. And get that data. And then once you click on that, you'll choose your data package here for DX feed. And I'll just go through the options. One is for NASDAQ depth. This is NASDAQ total view and last sale at $69 a month. The other one here is for EDGEX. And that's $59 a month. That's the BATS. And then we have a deal here. You can get both together. EDGEX and NASDAQ. And it's $59 for the first month, but then $119 each month after. All right. So up to you, choose whichever one you like. And then you can always come back and subscribe to something differently the next month if you want it. All right. So anyway, that's how you can get Bookmap. And then let's start to look at some of these examples here, what's going on. Okay, now the Alibaba here, it keeps on, it's making lower lows here, but they continue to add in. So they're still interested in buying down here, $201 and then $200. Now let's just see if we, just reading the order flow here, we have not tested into the liquidity down here at $201. Okay. And we're also, or even our CVD is starting to, we can just look at the amount of the color here and the size of these dots here. There's a lot of selling in here, but there's also a lot of buying. And also here. And now in fact, look at the CVD starting to give us a little bit of insight of this whole range of price action or transactions. Throughout this whole range here, there's actually more buyers than there are sellers. Okay. So, you know, and they're not, they have not taken on these guys at this 201 yet. Okay. Let's see if we can get more buyers up right above here. We need to see them above like this 60 or 70 level. We can get a nice cluster of aggressive buying. I think that we can come back up and test not only the swing here at, you know, around 202, but I think even higher than that. Okay. We're still in a downtrend, but we're starting to note some of the transactions here and who, who might be in control. Now, if those buyers don't show up at this area up here, okay, and they, they start to fail and we find sellers start to hit the bid. We're easily coming down to 201, very easily. And, and then possibly this, this 200 whereas 200 down here. Yeah. Okay. Okay. Let's see. Sun, you have a question. How do simple, how do you use a simple entry so you can use DX feed or IQ feed? Yeah. You can only use the IQ feed for futures. It does not connect to US equities. Okay. The only way that you're going to be able to connect to the equities is, is through this DX feed. Okay. That's just the way that we have it right now. All right. Andrea, in the free version, I can't use limit orders. Well, you, you should be able to use it in replay mode. Oh, no, I'm sorry. You don't even have replay mode. So yeah. I mean, you need to, you need to upgrade basically. All right, guys. Let's see the even with old version was looking for IQ feed working. It will work for futures. Okay. It won't work for equities. Hi, Debbie, can I explain a CVP, SVP shirt? No problem. All right, we'll just, we'll just look in here. I mean, okay, here's what we were looking for, right? More buyers up above in this area here. So looking pretty good. Now let's just see the follow-through here. Okay. If we're, if we're finding more buyers here and they're not, you know, they're shying away from this, this 01 area, this 01 area, then let's just see if, I mean, we're already rotating back down, but I'm looking to see here if maybe sellers will step in, right? But if, and maybe we did get a big, big cluster of selling here, then that, that, that second scenario is still on the table. We're coming down lower. If we don't, right? And let's say we exhaust out here on, on the sell side, we're probably going to come back up here and see more buyers, and then they're going to lift that offer. Okay. So anyway, we'll see. It's still, since we, this looked good already, but we're already back down to where they initiated right here on that buy side. And now we're starting to find some sellers here. Okay. Here come the sellers now. All right. So let's, let's see them test into this 01 area now. Let's see what they've got, right? They, if, if they, they should have enough power, selling power now to get down into 01. Okay. And if they can and trade into this 01, and maybe these guys pull a lot of this liquidity, when we see almost 20,000 shares down here, if they pull that liquidity, we're coming down to 200 the figure. Here, here come the sellers. Okay. So that's a scenario number two that we're outlining. And that seems to be what's playing out right now. Okay. And I believe, let's take a look here. Netflix might be quite a bit bullish compared to some of the others. Maybe Apple is, how's Apple look? Yeah. Kind of, kind of similar. Has not made it down to the lows yet. Okay. Yeah. I'm looking for Apple to come down this 192 50 here. Okay. It's looking, looking bearish. Nice clusters of selling too. Need a little bit more for that follow through. No CVD diversions at all. It's just selling. So that does look more, more bearish here. Target's 192 50. Okay. And let's see, what else? Anything else you guys want me to take a look at? Tesla? Sure. And then Debbie, I'll get to your question. All right. I just want to get to some of these here. So that you guys can start to read this in a live market. Okay. Tesla is really strong. This is very divergent compared to the overall market. Okay. I know there's been news out on Tesla today, but it's right back down. So I would be, I'd be looking for this in Tesla. You know, this, where did all that initial buying and this huge impulsive move up to 330 take place? It was down here. Okay. Where are they in the book? They're right back down there again. Okay. At 316, the figure. Okay. And you know, we continue to inch down there. So if we continue to sell off in the broader indexes and we start to see, yeah, looking for looking for the sellers to start to hit the bid here. Okay. And then let's see if we can get down into and test the 316 area here. All right. Yeah. Anyway, that's what I see so far. Tesla possible, possible right here that maybe we'll find some buyers. If no, we're not. Okay. We're getting an answer already. Okay. So 316 is the target and maybe 315 as well. Okay. So they're starting to pull at 316. So they're down at 315. Okay. Which I actually, I like that because let's zoom out a bit and I'll show you why. Because where's the where's the swing low? Okay. It's down below 315. You can see the volume here. So, yeah, I would love to see it come down below that and knock some stops out of anyone who bought today placing their stops down around that 315 area. Okay. And see them get tested. Okay. So we can get a nice little kind of, you know, stop run to the downside. Okay. Columns really simple. Straightforward. Let's look at maybe a simpler stock. Let's jump over and take a look at JP Morgan. Okay. And then we take the iceberg detector off. We'll open up our CVD as well. Okay. The to add a column and book map is really simple. And before I do that though, let's, I'm just going to take away all these columns. All right. So just right click in this area. And then you have all these different selections. Okay. At the bottom here, you have insert and hide. And I'm just going to hide all of these. Okay. Now I have to keep one open. Okay. So I'll keep this current order book column open right here. Okay. Now to add a new column, just right click here. And now we're going to, you can see we had to have one. And then now we're going to insert a new one. So insert a new one. And you'll note this now, depending on where you clicked and what column you clicked. Okay. You're going to get, and you insert a new column, you're going to get a duplicate of where you just came from. Okay. So now what we need to do is we need to edit this column because we don't want to look at a duplicate. Okay. So let's right click. Okay. And then you'll note that you can configure this column. Uh, for this data type. Now the data type is this one, the current order book. That was where we came from. Okay. But I'm going to turn it into a volume column instead. Okay. Now I'm showing volume. Okay. And it's CVP. Okay. So what does that mean? Well, when I right click again, now I have some actually some different selections up here. It's a little different because it's a different type of column. I have session accumulated and chart range accumulated. So, let's go over what session accumulated is. Okay. This is volume that has been accumulated for the entire session. So let's, let's select that one. And now it says SVP session volume profile. What it means is, is giving me the profile here of all of the volume for the entire session. So let's zoom in and you still see all the volume here from the entire session. Okay. But chart range volume profile. Let's right click here and let's choose chart range accumulated instead. Okay. And now the, look at the, the data here is very, you know, it's a lot smaller. It's only, it's only displaying this little range here that's in my chart range. And it's giving me the volume profile of that chart range. And that's it. So if I zoom in here really closely, you can see it's just showing me what's in, in my chart range. Okay. Now if I zoom out and I have more data, obviously it's going to show more. So that's the difference between session accumulated and chart range accumulated. And there's all sorts of resets here. And there's all sorts of different data types. Okay. Maybe you don't want to look at volume. Maybe you want to look at trade events that took place. Okay. So one transaction would be on the counter or would be one for the trades counter. Okay. Even if that was for a hundred shares or a thousand shares, it's still going to count just one. Okay. So you want to look at the number of a trade events that took place. And you might even want to compare it to your volume. So you can open up another one. We'll insert a new column here. Right click, insert new column. And then right click in this one. And I'm going to change that to a trades counter. And there we go. And you'll note that, you know, the profiles are really, really similar here. Anyway, all sorts of stuff to get away or take away from this data. And now let's hide that one. And let me add or do something else. So there's different options as well for each column. We're going to right click here. And now we're going to go to configure column. Okay. And play around with these. All right. So we have the different options to show here. We can show or hide a best bid, best ask volume, the VWAP line, which is this white line here, we can show bars only bars and numbers, or just numbers only. Okay. And it's up to you. However you like it. Now, maybe you like a profile or maybe you don't. Maybe you want to see, since you can see this is a profile consolidated of both buying and selling. Well, since we have the data, we can split it out. Now you're starting to read the aggressor, who's in control at some of these levels here. So you can see there's some buyers down here, actually, right? So if there's some buyers right down here, maybe they're going to trade it right back up into the range here, okay? Instead of more sellers down here, right? Where are they going to trade it back up to? Maybe the VWAP. Maybe they'll come back up to VWAP because that's where they can cover. All right. So anyway, all sorts of different ways of looking at this in terms of aggressor or profile. Now we're rotating back and finding those sellers here. It looks like now is the, no, all right, here we go. Yeah, it looks like we're going to come back into the kind of where it can trade back to the mean here, back to VWAP here. Okay. And there it is. There's your move. There's your move, right? So all sorts of things you can take away from just some of the volume. And it's up to you how you prefer it. I kind of like the profile, but I know all sorts of traders that love looking at the aggressor and who's in control, okay? Anyway, let's see. Live market analysis or any other questions that you guys have? Let's see, another one. COB column, what do the red numbers represent? Okay. So the COB column, Debbie, you have the iceberg detector, right? And that's that red number here. All right. So this is our older iceberg detector. And I would just, we kept it because some traders were accustomed to it and wanted to see it. It's showing at price levels where transactions took place or shares traded that weren't in the order book. But you can see we've got it now on the historical chart here. So this 372 up here, this is much more accurate to show it. And let me just get rid of the heat map here for a moment, okay? See this 772, 100, 1101, these are icebergs as well, okay? And we're more shares traded that weren't in the order book at these levels. Why it's 372 and not these numbers here is because when price came back up and retested in some of these areas, it got rid of some of that data. That's why it was a lot less accurate, but we kept it, okay? But your iceberg detector is, well, we're showing some nice absorption up here by icebergs, right? This, some absorption here, you know, 2200, almost 2300 here as well on the bid side. But it looks like maybe those guys had to cover. Anyway, that's the red numbers. That's the very, very quick explanation of iceberg orders in looking at them. And you can see that there's quite a few of them, all right? But anyway, let's go back to the heat map, okay? Okay, wow. All right, well, not only did we come back into VWAP, we're above it, to the other side of the range here. So that was kind of a nice move, a nice move to see. So what happened there? Well, all sorts of things happened here. I mean, we went outside of this range here and we found buyers, okay, willing to trade it back up into the range and then some, okay? Now we're up above and, you know, it looks like we're still finding more buyers up here. And into where though, high liquidity. Are they absorbing? Let's take a look, okay? And are they staying in the book, right? So we have over here about 1500. And yeah, it looks like, you know, they're transacting into this area here. Some of it's pulling, okay? And continues to come higher, transacting in these areas here as well. Let me turn on my numbers and there we go. All right. Yeah, so starting to note that larger players are getting interested on the sell side up here though, okay? Another big sell transaction up here noted, okay, in the transactions. Okay, so we're starting to find sellers, right? So let's see if we exhaust out on the buy side and let's see if they start to hit the bid and drive it lower, okay? And where might we be targeting some of those areas here? Well, probably the top of the range, maybe first, where it broke from, okay? Around this one 1058 or so. Anyway, if we find more buyers that, you know, are willing to engage up at these levels, we're finding sellers right now. But if we find more, then, you know, it's going to go up. But we're not right now. Where we find sellers here, we note exhaustion here and here, okay? And we're looking for, see if we can get some more sellers down here, okay, for them to hit that bid, here they come. Need a lot more than that, right? And looking for them to continue to hit that bid down into this maybe 11050 area. Okay, maybe even lower, maybe 11038. Anyway, quick analysis there on JP Morgan, but it's very simple stuff, same stuff we've been going over since we began with the webinar, okay? Understanding these areas of liquidity in the auction, understanding the transactions, et cetera. Let's jump back and take a look at some other, let's see. Oh, we'll just go back this way from right to left. Let's take a look at Apple. All right, well, we were targeting what in Apple, okay? 190250, right to it, okay, beautiful stuff, okay? So, yeah, you know, that just happened and we're getting a nice little bounce out of that area too, okay? So, you know, I'm not making this stuff up. It's what, how the market works, it's, you know, you can see the liquidity here, you can see it transacted into it. And they're still, they still want to be buyers. They're showing up again here, 190250, a lot less, but they're still here. Let's see Alibaba, let's see what's going on there. Okay, we traded through the 201, definitely, right? And that's, and then we just, we started to go lower, but then they started to come right back in here, okay? So, the buyers were supporting it, you know, they started pulling here, but they came right back in, and then we came up above this area here. So, and then right back down and retested them, but we're finding buyers now. We can see the retest here though, we are getting some pretty good, pretty good insights here. The retest, look at the sellers down here, okay? It's starting to exhaust out, okay? It's due to this massive absorption here. And then where do we find buyers up at this higher area here? And now we're seeing a follow through on that buy side. So, I imagine the entire markets are starting to change over now, and we're starting to find buyers probably maybe into the close here. Let's see, Facebook, did we look at that? Same situation here, pretty nice that, you know, same areas down here, this 187, and then they're supporting it again, and they're adding more in at 187. So, that's been kind of bullish here as well. Let's take a quick look at Tesla. And Dan, I'll get to your question in just a minute. Okay, Tesla, we were looking for 316, and then possibly 315 to trade as well, okay? Because they were pulling here at 316, right? Well, we didn't even get to 316, even though they pulled, we didn't get to it. I liked it. I liked 315 quite a bit because it was below the swing low of the day here, which is, that would be nice to see those stops hit. We're finding buyers though, okay? So, if buyers are going to support it down here, where they initially supported it in this move to the upside, I'm looking for them to come right back in. Now, I have a different perspective. I'm looking for 320, and then some of the other areas up here, some of the swings, and I see they were here at 2250, but they pulled, and they're still up here at 24 a little bit, but really the big target is 25, okay? And this has been bullish. So, yeah, I'm looking for 25, all right? And see, and Netflix, and then we'll end it up here. We got to go here pretty soon. Netflix has been kind of an interesting one today, we did make it to the swing low here, and they stayed in the book. They were here for a while. Okay, this is kind of similar to Apple, and now we're starting to find the buyers. It looks like they absorbed it here at 358, okay? And now we're starting to find some buyers. Did not make the lower low, and let's see if we can get it. I don't see them on the bid, or I'm sorry, on the offer in some of these areas yet. So just kind of, I mean, maybe 62, but man, they're way up here. So not really seeing where this might go here, just looking at some of the structures and some of the highs, so maybe 362 in the swing, okay? All right, can you share a new symbol? How to acquire 24-hour data? Yep, let's see here, I'm gonna have to close one of them. Let's close, we didn't even look at IBM. So let's, or Microsoft, let's close Microsoft. Okay, and I'll add a new symbol. Okay, so I'll add DX feed, okay, select that, and then select your symbol. So now if you don't see your symbol selected here in the dropdown, it's really simple. Just type it in, okay? So let's look at, well, I don't know anything in particular you guys wanna look at. Let's see, oh god, I don't care. We can look at oil. Let's look at some crude XOM, and let's look at, yeah, then you have your advanced options here for, because you're gonna get 24 hours of historical data downloaded, okay? And so click on the download link here, or the historical data add link here, and then let's, boy, I have 48 hours. I don't think, you only get 24 hours though. So let's select 24, okay, and then let's now subscribe. Okay, and we'll wait for the symbol to pop up here. Okay, here it is. Now let's click on it. Okay, and you can see it's still downloading historical data here. Oh, it looks like it's finished. Okay, and let's zoom out, okay? Yeah, it didn't look like it actually did it here. Let's try that again. I'm gonna close this up, and let's add it again. And let's try 48. It seemed like it was pretty a little too quick just to begin with. All right, yeah, Dan, something's a little amiss on that. Okay, oh, I'm sorry, here it is. We wanna click on this link here. Hmm, yeah. All right, well, I'll check in with the developers on that. Why that's, it's not quite working correctly. It was last week, but anyway. All right, any more questions? See how Apple's doing? Oh, you're welcome. Okay, yeah, no, it looks like, when we covered a bunch of different stocks, live market, we didn't see some nice examples. Not so nice, like some of the presentation. So I'm glad we did go over some of the presentation here, because some of these examples up here, they're really nice and clear. And anyway, let's zoom back down here to the bottom. And just let me know if you have any questions, if you're interested here, this is that process. Again, go to bookmap.com. Oh, yeah, you will need the Bookmap 7 Global or Global Plus. So I forgot to mention that. This is the new beta version, Bookmap 7. So when you subscribe, make sure that you download Bookmap 7, not 6. This is the version that you need. It has the colored heat map. All right, so subscribe either Global or Global Plus, and then login to bookmap.com, add-ons here. Click on the left margin to get your DX feed here. All right, and again, the overall goal here was to show this competitive advantage. And I'll just back up, and I mean, you can see how we went through live market and started to look at some of those areas. And we have that information, we have that data. That's our advantage. And then interpreting it, understanding the context of it is the key. And that comes through starting to use it. And Bookmap comes with education. There's a four-part educational course, and then we have live market analysis every day. That covers that same educational content. We just go through it in the live market and do exactly what we're doing here, starting to anticipate the future price movements based on what we see in our analysis. And in terms of competitive advantage, again, like right off the bat, you're going to see it where they're layering in into the markets right when the market opens. And you'll have all that information in front of you. That's a really nice advantage. Just the depth of market alone is, I think, worth the cost. It's a total book. Oh, yeah, yeah. Manasak TotalView gives you the full depth book. Okay. All right. All right, guys. Well, thanks for coming. And we went over the time limit, but covered a lot of different things. Let me know if you have any questions. You can always reach out to me at bruce at bookmap.com and take it from there. Okay. All right. Thanks, guys. Yeah. Have a good day. Bye-bye.