 Hello, everyone. Welcome to Options with Doug. Streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30 p.m. each time. Before I get started, I need to go through the disclosures. General disclosure, all Bookmap, the amended materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure, treating futures, equities, and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Here's my contact information. The best way to get in touch with me is through Discord. My name on Discord is Doug P. Also at Bookmap Discord, there's an options-dash-doug chat channel that's a great place to post questions, comments, and content related to the topics of my presentation and the topics of the channel that I'll go through in just a moment. And note there is a wide variety of content on Bookmap Discord, on a wide variety of asset classes, options, futures, stocks, crypto, also in a wide variety of languages, and presentations all during the day. I'm also on X, formerly known as Twitter. My name there is at Doug P. Here's the basis of my trading, the key tenets for my approach to trading. First of all, I believe that options traders and market maker options trades and market maker hedging activity are key drivers of price and many stocks and futures. And certainly in the equity futures like the SB500 and NASDAQ and the large cap tech stocks that I follow. And for the SB500, SPX is the underlying index and ES is a version, a derivative of SPX. And SPI is the ETF version of SPX. So when traders buy and sell puts and calls and SPX and SPI, market makers take the opposite side of those trades. They want to remain delta neutral. So they hedge their delta with ES futures. And for the NASDAQ 100, NDX is the underlying index. QQQ is the ETF version of that index. And NQ is a derivative of NDX. So again, when traders buy and sell puts and calls and NDX and QQQ, also the mag seven stocks will take a look at it in just a little while. Market makers take the opposite side of those trades and they hedge their delta exposure with NQ futures. The focus of my presentation today and the focus of the options dash Doug Chad channel is options order flow, the impact of options markets on stocks and futures and the influence of market maker hedging flow on price action. I have a two step process for trading and the first is planning and I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as the directional bias. And the second step in my process is execution. I look at real-time order flow and book map and real-time market maker hedging flow and spot gamma hero to confirm my thesis and for setups. And when I talk about setups today, I will be focusing on an underlying asset. For example, for the SB 500 setups can be taken with ES futures, spy shares, spy options, SPX options, or even ES options. What's in the comments are welcome and I will be watching both the options dash Doug Chad channel as well as the chat and YouTube for your questions and comments. Please feel free to post. I'll do my best to answer your questions. And hello Steven and Iraq, Teddy and Mark using price and time method. Hello welcome. Glad you're all here. Thanks for watching. Alright, here's my agenda for today. Friday, March 1st. First of all, I want to go over news items, economic data and events for today. And then I'll go through my positional analysis. Then I'll review some setups from earlier today. And then I'll take a look at the live market. And when I get to the live market, if anyone has any stocks they want me to take a look at, please let me know and I'll be glad to do that. And also, I will try and demonstrate the trading functionality of Bookmap with a live trade. Not a recommendation. It will be just to illustrate the trading functionality within Bookmap. Alright, let's go on to economic data now for today. Alright, so there was some data released today. This is the ES futures in Bookmap. So the data today, there was at 945 a.m. Eastern Time, manufacturing PMI came in greater than expected, greater than the previous number, more manufacturing PMI data at 10 a.m. That was less than expected, less than previous. And then also Michigan consumer sentiment came out at 10 a.m. And that was also less than expected and less than previous. And here's the reaction to that data. Initial bullish reaction. Pullback. And then the SB 500 started to move higher and still continues to move higher. We'll talk more about that in a few minutes. Take a look at what was going on with the options market and also in the order flow here in Bookmap and levels that came into play. Alright, so let's go on. Let's go ahead and do that now. Let's take a look at the the levels. Alright, so again, this is the SB 500 futures in Bookmap. Let me check for questions and a rag ask. Since the data was bad, then why did the market go up eventually? Well, I don't know for sure, but I think in this environment, often bad news is good news. That means that the Fed may be closer to cutting rates if the data comes out bad. And that's what the market wants. The market participants are looking for the Fed to start cutting interest rates, right? Mark says AI stocks rampant. Yeah, so NVIDIA was a huge mover today. As long as NVIDIA is going up, it's hard for the NASDAQ and the SB 500 also to move lower. Alright, so let's take a look at the SB 500. I'm going to go on and move on to positional analysis. So this is the SB 500 futures in Bookmap, ES futures. And before I take a closer look at this chart, I want to step back, look at a larger time frame. And I'm going to go to the underlying index. I'm going to take a look at the underlying index of one day chart. This is SPX. Current rally began last year, October 30. And so far, SPX is rallied in the last four months up over 1000 points that shown by this purple trend line here. It's not showing the data. Alright, so let's move on again. That's over 1000 points. Alright, so that was a one day rally showing the current overall big picture. Now let's zoom in a bit sticking with SPX. This is the top end of that trend and a 30 day one hour chart. Let me just point out quickly the expirations for this year so far. There's the January expiration. SPX broke out above the 4800 level. Here's the February expiration. This is the monthly expiration, a little bit of consolidation after that expiration. And that's typical and a call dominated environment. And then Nvidia reported earnings. And now SPX continues higher. Note the call walls. I'll talk more about that in just a minute. For SPX this year, 2024 have moved up from around 4800 at the beginning of the year, all the way up to now 5200. Alright, so speaking of levels, let's take a look at the levels on this chart. Zoom in just a bit. Alright, so first of all, the dashed purple lines are showing the lower and upper weekly expected move. This is based on the options market. And this is based on the closing price last Friday. So I will update this over the weekend for the coming week. Alright, so again, this is based on the options market. And so far, SPX is trading still below the upper week, the expected move, the dashed blue lines showing the lower and upper daily expected move. This is updated once a day, also based on the options market. And I post this the evening before. So this is based on the closing price for SPX from yesterday. And note that now SPX is trading above that upper daily expected move. Alright, the other lines on this chart are spot gamma levels. These are proprietary spot gamma levels that are provided to spot gamma subscribers. And they're available on a variety of trading platforms. This is thinkorswim. I'm going to point out the key daily levels. First of all, here is the 5000 level. That's the absolute gamma strike. That's a strike with the largest absolute positive and negative gamma. So that's where most of the gamma weighted open interest is concentrated. And note that level did actually move down from from yesterday. It was at 5100 yesterday, moved down to 5000 today. Alright, the next level up is the put wall. And that's at 5040. That's right here. PW put wall 5040. That's a strike where the largest net negative gamma that can be expected to act as support. Next level up is the volatility trigger. That's at 5070. And then a spot gammas proprietary volatility flip level. Below that level, market makers position on the gamma curve is negative. And negative gamma environment, they have to trade with price to hedge their delta exposure. And that tends to enhance or increase volatility. On the other hand, above that level like SPX is trading now, market makers position on the gamma curve is positive. And a positive gamma environment, market makers have to trade against price to hedge their delta exposure. That tends to subdue or decrease volatility. And note that level did move up from yesterday. So it is, it was down at 5045 yesterday, moved up to 5070. And then most notable, the call wall has moved up to 5200. That's a strike with large net positive gamma that can be expected to act as resistance. So based on that, the level did move up from 5100 yesterday to 5200 today. And that gives the SPX more room to run higher the potential ceiling for price now has moved higher. Alright, so for SPX volatility trigger call wall both moved higher, the absolute gamma strike move lower down to 5000. Alright, let's take a look at one other SPX chart. Just go to a one minute chart to see the levels and play for today. SPX and one day chart. So it looks like this is showing about two days worth of data, two and a half days worth of data. So the dark shaded portions are the regular trading hours. So it looks like the current trend began yesterday, right around 1145, something like that 1135, and has is continuing today, this steady mechanical uptrend. Note this 5100 level that was the call wall that has been resistance for quite some time. SPX broke well, but broke firmly above that level now. So the 5100 level that was the previous call wall acting as resistance for quite some time. And now SPX is moving higher. Alright, let's go back to book map. So book map I have my own cloud notes. So I can show SPX levels. Here's that 5100 level that I mentioned before, that had been resistance in the past. SPX ES broke cleanly above that level. Also have spy levels on this chart. So here's the spy 510 call wall. So there's a pretty big difference in the call wall between spy and SPX SPX call wall remember still well up above at 5200. And now the SP 500 is trading above the spy 510 call wall. And we'll take a look at the absolute gamma strikes. And just a minute and see that there is a potential candidate for a new call wall. We'll we'll confirm that on Monday. But if this rally continues, it's likely that that spy call wall may move up closer to the SPS call wall. One other key level today actually. Well, one other key level is this spy 508.59 combo to level. And that comes from the spot gamma website. So again, I'm putting all these levels in my own cloud notes. So I can show spy levels, SPX levels as well as ES levels. So here's ES 5100. Here's the ES upper daily expected move. And then the 5150 level just above. And note there is a difference in price between ES and SPX. And today it's right around eight points. So I'm showing the SPX 5100 level at ES 5108. So the ES to SPX offset today is 5108 is eight points. So again, ES minus SPX at eight points. And I do post those index relationships that I'm using every day in discord. I was a little bit late this morning, I try and post the preliminary numbers by 9am. And then the final numbers right by the round 10am as the data settles out. Alright, we'll talk about setups in a few minutes. So those are levels of play for today. Very steady mechanical uptrend today in the SP 500. Alright, let's move on to NASDAQ. This is the NQ Futures and Book, ma'am. And let's step back and take a look at the underlying index charts for NASDAQ. I'm going to start with QQQ. Looks like I need to adjust these price levels. I'll do that later. So here the, you know, this is just an incredible, very mechanical uptrend spot gamma levels. Only one in play earlier today. And that was the call wall at 440. Right now, I forgot to mention for spy, all four key data levels moved higher. So for spy, the volatility trigger put wall call wall and absolute gamma strike all moved higher from yesterday. And that's very bullish. Alright, for QQQ, bullish hat trick volatility trigger put wall and absolute gamma strike moved higher. So 440 is the call wall and absolute gamma strike. Alright, let's take a look at NDX. And note that level was support earlier in the day. Good launching point for a long if you wanted to take a long before the 10am data. All right, let's take a look at NDX real quick and then we'll get back to the in Q futures. Steady mechanical up trend just like SPX began just after 1130 yesterday. And note the NDX levels have been corrected. I mentioned yesterday they were kind of wonky. I did not did not even write them down. But today they're back to normal. Alright, so let's see. And this 1880 that acted as support this morning. So this is the cash open right here. And this 1880 18,080. That's a combo one combining s, NDX and QQQ. Gamma we open interest into one level. And here shown in terms of an NDX price so combo one being the most important. Alright, so let's see how these levels line up on the index chart in the in Q chart. So you can't see the label here. But this is the this white line right here is the 440 440 call wall absolute gamma strike. And there's that 18,080 NDX level just above both good launching points for long this morning. And so I get I have my own cloud notes so I can show NDX levels QQQ levels. And also important levels for for in Q. Here's the upper daily expected move and light blue and the upper weekly expected move. So far NASDAQ shows no what no sign of slowing down. Alright, so those are the levels of play for today. For the SB 500 and NASDAQ. Let's wrap up positional analysis. First of all, take a look at gamma notional. We'll see how market makers were positioned on the gamma curve at the at the beginning of the day. Alright, so here's gamma notional. This is the data table at the bottom of the AM founders note. I'm going to take a look at gamma notional for the SB 500 NASDAQ Russell to and Russell 2000 note all these numbers are positive. And for an index, what spot gamma assumes is that traders are short calls market makers are long calls, hence the positive gamma. And they have to trade against price to measure their delta exposure. And note all these numbers did move up from from yesterday. Alright, so all positive. Well, let's take a look at one other thing. This is the absolute gamma strikes. We'll start with SP x. Let's just zoom in real quick. Alright, so what this chart is showing is call gamma or positive gamma, this market makers position for SP x call gamma positive gamma with the orange bars and blue gamma put gamma or blue bars shown that's negative gamma shown with the blue bars. Here's the 5000 level. And that is the strike with largest absolute positive net negative gamma. That's pretty obvious. There's that 5100 level again, SP x broke above that level today. And then here's the 5200 call wall. And that is basically the orange bar minus the blue bar. That's pretty obvious the strike with largest net positive gamma. Let's take a look at spy zoom in on this. And spy remember. Alright, so there's the 510 call wall. Remember, spy is trading well above that level. And here's the 515 level to me that looks like the next next potential candidate for a call wall. And that very well could be the case on Monday. So we'll talk about that on Monday. If the call walls have shifted higher, the spy call wall has shifted higher. And you can see that there's a huge difference between the orange bar and the blue bar. Alright, so based on the information that I just talked about, my thesis for the day was bullish. Remember, there were two shifts higher for SP x and especially the call wall shifted higher. And for spy, all four key daily levels moved higher, most notably the call wall up to 510. And again, I expect that could potentially move higher on Monday. Alright, so let's move on to move on to talk about some setups. Now, let me check for questions. Alright, JBG asked, could we analyze Nvidia today? Yeah, I'll take a look at Nvidia that's on my list. I'm gonna look at the equity futures first, and then I'll move on to stocks. Alright, so yeah, we'll get to Nvidia. Alright, so everything that we've looked at so far other than the book map is based on static data. Spot gamma takes open interest data that comes out sometime during the E during the night, they apply their algorithms to that data to come up with the levels that I've been showing. Now we're going to move on to execution, move on to real time data. So this chart is the hero chart hedging impact real time options. So what it's showing is options trades and market maker hedging activity, showing it for a variety of instruments here. This is the SB 500. So what this chart is showing is options trades and market maker hedging activity for a combined signal of SPX by XSP and ES futures. The white line is the price for SPX. And the purple line is the hero signal, a rising hero signal indicates that traders are taking positive delta positions. They're buying calls and or selling puts and a falling hero signal again, the purple line indicates traders are taking negative delta positions. They are buying puts and or selling calls. Alright, so this is the signal that I use for the SB 500. Alright, so let's zoom in on this chart now. I'm going to zoom in just a little bit. Hello, Caesar. Welcome. Glad you're here. Alright, so what I'm going to look at is a long setup. Notice up until 10am price was drifting lower. Traders were taking negative delta positions. And this started to move up right around 955. And then right at 10am when the data came out, the consumer sentiment PMI data, there was a huge block order in the SB 500 bullish. And I think that was call buyers. We can take a look at that in just a minute. Now it also the flow alert. Signaling significant options activity. Hero signal started to move higher. There was one pullback 10.05. Great entry point for long as traders continue to take positive delta positions. Alright, I'm going to shift to puts and calls so we can see what traders were doing with puts and calls individually. So I'm going to shift to that. I'm going to have to move to another chart to avoid the auto zoom. I'm going to go back to the SB 500, the zoom in again. Alright, so the blue line is showing puts and the orange line showing calls. So this shows net for the day. Traders have been buying puts. There's negative notional value there. They've also been buying calls call buyers more aggressive. And that's what that block order was a large order that vertical line large order call buying and they continue to buy calls. Alright, so let's go to book map. Go back to yes. The zoom in on the morning here. Alright, so here's the reaction to the data. And note before that. Remember yesterday one of these in between spy levels was acting as resistance. Today acting as support bullish reaction to the data initially pullback down to VWAP it looks like price did not quite make it back down to that spy 508.59 level. Good entry point for a long and then multiple pullbacks. The volume dots in book map are showing market buy minus sell. Magenta dots indicate more sellers of buyers. Notice down here a lot of magenta dots. Those are again market sell market buy minus sell magenta dots more sellers, green volume dots indicate more buyers than sellers. aggressive buyers start to come in cumulative volume delta shown by the dark blue line starts to rise. And then as price starts to move higher, buy stop orders help to fuel that move higher that's shown by the rising yellow line. Also the on chart indicator there. So this rally that began I guess started up again right around 10am fueled by call buyers and also buy stop orders. It looks like I need to add more spy levels. I thought 512 would was going to be high enough today. I'll have to adjust my chart. Alright, so the rally continues fueled by buy stop orders shown by the rising yellow line as well as call buyers. Alright, let me check for questions. Alright, olgq ask how but how book map is good on a crypto market. And book map is does have crypto data. A lot of crypto traders I do not trade crypto. I don't know anything about it. But it is very useful for crypto. I suggest you join book map discord. And there is a room specifically for crypto and also presentations specifically for crypto. Our Pharaoh was asking about the block trade. Yeah, that's a feature of hero at that vertical line indicates a large block trade. Alright, so trend uptrend continues. Let's go back and take a look at hero. So we know that today stop orders by stop orders fueling the move higher. Also large traders are fading this move with iceberg orders that shown by this falling light blue line also the negative number here. This is cumulative for the day since I open book map around 640 am. Alright, so let's go back to hero. Let's see what options traders are doing. Alright, so they continue to buy calls shown by the rising orange line. This is pretty large. Notional value positive 6.1 billion compared with the notional value for puts minus 1.3 billion. Alright, so call buyers much more aggressive driving price higher. Or let's take a look at NASDAQ. For NASDAQ, I look at this mag seven signal. Let me zoom out show you what this chart is showing. So what that chart is showing is options trades, market maker hedging activity for the stocks known as the Magnificent Seven, Apple, Amazon, Google, Meta, Microsoft, Nvidia, Tesla, and these stocks are key drivers of the NASDAQ 100 that make up a large component of the NASDAQ 100. And I found recently that this hero signal provides a much, much better signal for the NASDAQ. Alright, so this has been bullish all day. So this is showing for the for the mag seven stocks that traders are buying calls shown by the rising orange line. They're also selling puts that show them by the rising blue line. Alright, so let's go back to book map. Go to NASDAQ uptrend continues. Alright, let's go check hero again. Alright, hero zoom in just a little bit. Notice, initially for five, several between five and 10 minutes, they were selling calls that may be right around 937, 938. They started buying calls again, started selling puts, blue line, orange line moving in the same direction. That's a very powerful directional indicator. Market makers when traders buy calls and sell puts and stock, market makers take the opposite side and they have to buy stock to hedge their delta exposure. And looking at this in terms of the NASDAQ, when, when traders are buying and selling these puts and calls, market makers are also hedging within Q futures. Alright, so the move up started somewhere between 935 and 940. So traders were buying calls, just a few minutes after the cash open. Alright, so there were long entries. Remember this white line, right here is the QQQ 440 level, and that is in Q18,100 just below that initial entry point for a long next entry point. If you wanted to trade before the 10am data, the 18,080 C one level combo one level, then if you're looking for a long after the cash open, it looks like point of control there might have been a good long entry. Pull back to QQQ 441, just like just like DSB 500 rally and NASDAQ also driven by call buyers and buy stop orders. Let's zoom back out. And it looks like I'm gonna need to add more QQQ levels to my chart also. So I'll do that over the weekend. Alright, so in the case of NASDAQ, cumulative volume Delta rising as well. Now it looks like large traders are getting on board with iceberg orders. So at this point, in the Mag7 stocks, traders are buying calls and selling puts, cumulative volume Delta, so aggressive buyers are buying NASDAQ, my stop orders fueling the move higher, and now large traders are buying with iceberg orders. JBG asks, how does Moomoo compared to book map? I don't want I'm not familiar with Moomoo. I don't know what I don't know what that is. Alright, Ferris says SPX already weekly call wall. Alright, so their SPX is not at the call wall yet. The call wall is now at 5200. I don't know if you're talking about the the upper weekly expected move. Two different things. So the upper weekly expected move is still up above, right around 5150. And the call wall still up at 5200. Let's take a look at some stocks and then we'll get to the live market. Alright, while I'm talking about NASDAQ, I do want to follow up on something from yesterday. This is from yesterday afternoon. If you remember, I was talking about a long setup in NASDAQ looking for a long setup right around this 438 level. This is the this is 430 the end of my session yesterday. And I went over about five minutes looking for a long at that level, just trying to illustrate or show the trading futures features in book map. And this is the illustrates part of the difficulty of live trading during a session. It really took 45 minutes. This NQ finally didn't take off until around 315. So again, that kind of indicates the difficulty of trading live in my session that trading futures especially requires a large amount of patients waiting for just the right setup. Alright, so that's a follow up from yesterday along at 430. 438 took 45 minutes to really play out. Or let's take a look at some stocks. And then we'll get to live market. Alright, so here's Apple. Let's take a look at hero. Let's go to Apple. And I'm going to focus on the morning session. That's, that's mostly when I trade. Note that 180 is actually the put wall. Also the key gamma strike in the hedge wall. Good entry point for short this morning. As traders were selling calls and buying puts right around 1215 looks like that reversed. And now Apple is making its way back up to the 180 level. Let's go take a look at book map. Alright, so there's the short this morning at 180. Then just after 12, Apple makes a sharp reversal higher. As traders start a buying calls and selling puts. Alright, the next stock that I want to take a look at is meta. Alright, let's take a look at something for meta here. Give me just a moment, crack this screen over. This equity hub for meta. What I was looking at is the looking for a potential call gamma unwind. So looking at next X free gamma percent. So this is the gamma that expires. And it shows the date. So for meta, 30% of gamma was expiring today is expiring today. And anything over 30% is significant. So looking for a potential call gamma unwind. This chart is the composite view chart showing green area the green area showing call domination green call domination. That's above the 480 strike put domination below. So I was looking for a potential move lower in meta. If traders started selling calls, meta move lower the calls up above 480 here that are expiring today start to lose value due to charm. That's just changing delta as time passes. And market makers, when traders buy calls, market makers sell the calls, they have to buy stock as their delta exposure. When those calls start to lose value of their delta exposure drops, and they can sell their long stock edges. So that's a potential that I was looking for. And it looked like that may play that might have played out. Let's zoom in on this a little bit. So in the morning, making for a nice long setup, traders were buying calls. Note there were some good pullback entries. If you were looking for long, they were buying calls and selling puts. And just right around 1010 1015 options traders took their foot off the gas. So they stopped selling puts and stopped buying calls and actually started selling calls again around 1010 as price moved up above the 500 call wall. Alright, so let's go back to book map. Let's zoom in on this. So here's the we'll focus on the morning here. Long setups on the pullbacks that were shown with the call buyers temporarily taking their foot off the gas, pullback longs. Price makes it up to the 500 level. Let me zoom in a bit more. Alright, so I was looking for potential short. After after long on the move up to the 500 note also the liquidity at that level. Book map shows a history of the limit orders in the order book. This dark red shade shading indicates there were large number of cell orders. There's a limit cell orders often act as a magnet for price. So initially, when price hit that 500 level, met a move down about two points. And then finally broke this trend line. And for that was good for another short from 500 to 498. And that's all that was good for just just a couple of scalps. Alright, let's move on. Oops. Alright, price consolidated for a while. Let me just go ahead and zoom out. Then every then started move higher, and then broke above 500 after, let's say around 1245 something like that. Alright, so good long in the morning, short scalp and then long again in the afternoon. We'll see what options traders are doing back to the entire day. So right around 1230 they started buying calls again, maybe 1250 price starts to move higher. Alright, Nvidia the last one, then we'll get to the live market. And note for Nvidia 800 is the call wall key gamma strike. A couple of flow alerts in this morning this morning. So traders are buying calls shown by the rising orange line and selling puts. And also Nvidia has breached this call wall. So what happens then those calls are concentrated at the 800 level. Remember, traders buy calls market makers sell the calls, and they have to buy stock to edge their delta exposure. So they are short calls. And as those calls at the 800 level go deeper in the money, their delta increases, market makers have to continue to buy stock to hedge their delta exposure. Let's go to book map, go to Nvidia, and Nvidia made a sharp move up to 820 then consolidation. And let's take a look at go back to hero. So no call buyers took their foot off the gas right around 1130, then around 130 they started buying calls again, book map 1130 at the 820 level, call buyers take the foot off the gas, then they start buying calls again. Let's take a look at one other thing. Let's go back to hero. I want to compare the Nvidia signal to the mag seven signal. So remember this key turning point right here somewhere between 935 and 940. Go to the mag seven signal. There's typically a very, it's a very similar chart. Key turning point. Same time. So between 935 and 940. Nvidia drives the mag seven stocks, which drive NASDAQ. All right, does anyone have any stocks they want me to take a look at? All right, let's I want to take a look at let's see WRB wants to take a look at Tesla will take a quick look at Tesla. So kind of a choppy day in Tesla here. Moving higher in the afternoon with everything else. Looks like call buyers. Alright, so the rise for the SH for CME by 300. Okay, WRB, there's Tesla. Let's take a look at NASDAQ looks like the options traders taking the foot off the gas. Let's take a look at in queue. Alright, so and a rag gas. Can you suggest what the market may do now using hero? Not using hero alone. I'm looking at when I'm trading, I have three screens. Let's just take a look at this. This may be a potential short. So I'm going to this is demo. So I'm trading in a demo account. Let me just talk quickly about trading and book map. So again, this is demo. This is not a recommendation. This is just to illustrate the trading features in book map. Alright, so first of all, to trade in book map, you need book map global plus, so you need a global plus subscription, and you need a data feed. So for futures, I have rhythmic data. And that's what the stops and icebergs add on indicators are using the MBO data. Also, you need a broker account for futures. I trade on trade of eight. And there is that there's often a lot of confusion about trade of eight trade trade of eight users seem to want to use data provided by trade of eight. I do not recommend that I use rhythmic data I subscribe to rhythmic data from the book map marketplace. And then I use the trade of eight connector. And using that I mean, I can't get an arrow in and show that. So here are the connections I have my trade of eight connection turned on. So I can trade in my trade of eight account show the trades on book map or I can trade a book map and show the trades on my trade of eight account. So slow to Rossi, I'm not sure if this selling may be short live. Alright, so now going on to the trading futures and features in book map. Here's the trade control panel. And I like to trade on the chart. Also, this is a very handy feature in book map. You can select micros if you want if you want to trade micros from the NQ chart, you can do that. That's what I have selected here. So I can trade the full mini contract or micros. A lot of people like to trade. MNQ that's the micros for NQ makes it more accessible for people. And then the way I trade is I will start with either one or two contracts and I will double click so I can move and I'm also using the bracket order. So I once I click, I have a stop loss order and a take profit order. If I double click, I that puts twice the number of contracts that I've selected in my order and I can then adjust the take profits and stop orders as I see fit and note that I never move my stop orders higher. Let's take a look at ES see what's going on in ES. Let me just show a trade from earlier today. And this was a very simple countertrend trade just before noon just before I was going to leave for launch. Again, just to illustrate the trading futures and features in book map. I did notice there was a little bit of weakness in the hero signal. This is the upper daily expected move. So here again, I'm using the micros just to make this more accessible for everyone. One contract, double clicked here, sell order at the upper daily expected move. Also that liquidity in the order book. And then the way I have my bracket set up, both take profits were right here. I moved one up just above the 511 level. That's right here. And then the other one I initially moved just above the 515 level got a little bit impatient. I was ready to go to lunch. So I moved it up just a bit. And I could have waited. But I got filled that I entered short at 2850. And my first take profit was at 2625 and the second take profit at 2450. So that's using the trading features, the trading control panel within book map. Alright, so this is from earlier today. Just a counter trend short. And it certainly does not seem like that would be a good idea. Now, let me just check one thing to see where the 513 level is. Right? So yes, trading above the 513 level now. Alright, so this pullback was another just another potential entry for a long. Same for NASDAQ here. Just to pull back to 350 potential long entry. Alright, let's check hero, see what options traders are doing. Let me just remind you when I am trading, I'm looking at three screens, totally concentrated. The screens are book map. In the middle, I have hero on one side, and my trading platform trade of eight for futures on the other side. Here, of course, I'm only presenting on one screen so I can only look at one screen at a time. So that makes it much more difficult to place live trades. So I'm going to place a just a demo trade here just to illustrate the trading features. What I'm going to do is set up a buy stop order. So I'm going to do a shift, double click this down just a little bit. And this is not a recommendation. This is just to illustrate trading futures features and book map. Drag this down a little bit more. So I'm looking for move higher stop field. I probably would have been better to wait for wait for a test of 350. My stop is below 350. I'm going to set my first take profit 10 points up. Again, this is just for illustrating the trading features in book map. Alright, so my my time was pretty much up. I just wanted to go ahead and enter something just to illustrate these features again. So what I did, I double clicked, I have one contract trading micros, then I have my stop 10 points down below. And then I dragged my first limit order, take profit order 10 points above my entry point. Looks like I'm going to get stopped out. Stop filled. Alright, so again, that was not a recommendation. That was just to illustrate trading features here in book map. Alright, we can try that one more time. Ideal entry point. Let's do a quick check on a shift. Double click again. Stop filled my take profit down right on top of that liquidity there. And for us to ask what is the bands that is that past liquidity? Alright, so this everything to the right of this line right here. This is live. So this this is live liquidity. These are live orders moving up and down. Alright, so it looks like a trend break short here would have been a better would have been a better trade. Alright, so it looks like I'm going to get stopped out again. Alright, everyone, thank you very much for watching. Thanks for your questions and comments. Stop filled. Have a great weekend. And I will see you tomorrow. Thanks again. Bye