 Okay, so we're going to go through Some basics of book map what book map is showing you and then we're going to jump into the order flow So we've been doing this and there's you know, there's new traders in the webinar here So we want to show you what book map is displaying and then the advantages is giving you here or the Transparency and then you're able to use that within your trading. All right, so That's what we'll start with and then we'll get right into the the order flow here. So risk disclaimer Trading equities and futures involve substantial risk of loss is not suitable for all investors past performance is not indicative of future results go to book map comm more information is there and Become a free member And you'll have access to a lot of resources and then you can reach out to us at support at VLOX Pro or Support at book map comm And here's our website. I just want to show you where you can find book map because you get a free trial Okay, so scroll down under pricing here And this is where you can find it and there's there's only really two Different versions here. There's the basic and the advanced. All right now these over here the basic and advanced They're packaged with DX feed which allows you access to US equities and I'll show you that and some of those equities as well but There's the difference here between the two the basic and the advanced is The well, of course the price 49 per month versus 99 per month and they are billed quarterly But you get the advantage here and that is the being able to click our trade right from the chart with one click trading large lot tracker balance Indicators here the iceberg detector, which is is really nice now. We've updated that, you know, well about a month ago. I Really like it and then the correlation tracker, which is also really nice. This is new Okay, so you'll get that as a package now if you have the basic you can also subscribe to a package deal and it's $50 a month For it for that. So it will be just the same price as getting the advance basically, okay The deal with DX feed the only the only difference here is that you'll get a little bit of a deal on You know, I think you save about 10 or $15 on the price For that DX feed and then that that's it. All right, so the You can if you have the basic or the advanced you can still get DX feed you you can subscribe to it Okay, now we're not a broker. So The and we're not providing any of those services. So just You'll have to subscribe to it through us and then Then it'll be enabled and and you will be charged. Okay, but we don't see any of that It just goes right to you know, it's a DX feed. Okay Let's see Some of the resources if you become a member in the in the portal here the user portal That's where you can find a lot of videos here bookmap components and features and then there are all sorts of videos here to watch as well and But you can also see them on our YouTube channel and you can subscribe to our YouTube channel So if you subscribe any in you know, set your alerts any time a new video comes in then you'll be you'll be updated all right and The most updated information you're gonna get is a following us on Twitter. Okay, so you can you can do that here With our Twitter feed Okay Let's see already got a few questions Okay, you want to know about me as a trader. Oh, no, you want to know about Talk about how to trade. Yeah, absolutely You know, we'll go through the details in the order flow and What? You know, I mean, we're not a strategy You know, we're a platform. So so your question I mean think about it. If you are going to ask trade station Or e-trade or or someone else then You know, how do I trade? They're not gonna give you those details You know, they're they're a platform. They provide you access and then however you trade Is up to you. So it we're not an educator But that said I want to show you something here we Hold on a minute Okay So I'll show you something here. We just put together Last week a a new education course. So click on this link here and I'll put this into the chat for you as well All right, there you go And there's part one through four and you can see they're they're about an hour each All right, and what we do part one It's gonna go through the basic market mechanics and this is important to understand it might be simple to a lot of you But even for those that are advanced traders This is a lot of data that they've never looked at before and to understand exactly how these markets trade just the the binary mechanics of how a trade unfolds and And and then and then we just branch out from there So then from from that part we get into part two and we go through Those mechanics within a structure All right, and then we take that into part three and then we look at strategies and setups within this the The structure and and looking for those basic market mechanics Okay, and then in part four We add in more confluences. Okay, so we're looking we're really honing in there homing in and trying to find Exactly, or you know really really enhance our Our trading entries exits in management All right, so take a look at those and I think you'll find them helpful All right, so I will go through some trades though today and and we'll just we'll just kind of Show you what book map is Displaying and then how to how to use it all right, so let's jump in here and and take a look at the Let's see the S&P. Ah, no, I had a request to look at gold And in the euro. Okay, I don't think I have the euro up I have the CAD instead It's too bad because we had the ECB earlier today But you know the we're seeing some volatility here and it's not due to the news is due to a geopolitical concerns, you know Congress in here in the US its inability to to act on its healthcare plan and traders are very very They're watching this closely because if They cannot pass this It's very dubious that they're gonna pass tax reform and that's really the issue if And the markets are skittish on on exactly this issue. Okay, so just trying to not trying to get political Just trying to get very objective here and tell you what's going on Okay, let's take a look at a higher time frame here All right, and that's the NQ and this is the the ES. Yeah, we're just kind of chopping around but And then we'll take a look at gold here. Yeah, big move in gold. All right, so we'll check that out and Okay, so let's jump into book map. All right, and what I'm gonna do here is we're just gonna go through the basics Because we know we've we've got some new traders in here For those of you point point out, you know, I see a lot of names that You know, I'm very familiar with a lot of you guys if you're new, let me know and You know ask some questions here. This is really your Your time to to to ask questions. Okay, so let's let's start off here by looking at book map Okay, and we're just gonna turn everything off Even best bid and offer Okay, this is a candlestick chart It is a five-minute candlestick chart Okay Okay, I'm happy Francisco that this is you like watching this It's insightful to see how the candlesticks and then the order flow all together at the end because really, you know Looking at this candlestick chart. There's so much data here that we're just not getting and those of you who who trade auction theory and market profile or volume profile You know exactly what I'm talking about You know, you can start to gauge some of the selling pressure with wicks or you know, some of the buying pressure here with a big bar but We don't know Who's engaged where how much where they were bidding and offering and how much interest they really had at those areas? Okay, so let's let's go through this right so That is the problem here with this candlestick chart Okay, we have volume down here in a sub chart and you know, that's on on most most platforms and that's helpful Right. We can see 930 volume picks up here and then we see the spike after or just around 1030 here or after 1030 and A lot of volume came in. Okay, so and now we're seeing a kind of a retracement back down on little volume So interesting stuff the But we're not we're not seeing a lot of Act activity it's missing. All right, and that that's the problem here. So let's just turn on the best bid and offer Okay Now you can see if we zoom in maybe a little bit more to okay All I've added on here is the best bid and offer is historical here All right, and we can see the best offer is the red line best bid is the green line Okay, but look at how quickly this moved All right, and then look how it kind of chopped around here for a while and then dropped again That candlestick is not giving you that data. So this alone is is also is already helpful Okay to understand, you know, how this candle kind of unfolded here just by historical best bid and offer But let's now out on the volume Okay, and now we have a lot more insight to what's going on Okay, so we can see the volume up here Just kind of went sideways for a while went sideways for a while kind of went up to the the top here in this this area here and You can see that We Yeah, that's the high here. Okay You can see that you know There's there's not a lot of not a lot of activity and then all of a sudden they hit the offer or they hit the bid hard and Look at all the selling driving the price down Okay, so now we can start to gauge here just with the the volume alone Starting to understand where traders are committed. Okay, where they took their transactions and what type of? Trading it is so this Dot here is showing you the The overall like there's more sellers than buyers here. Okay green is an aggressive buy a market buy red is an aggressive sell market sell okay, and You know, it's a dot like this in the pie display because there's so much Trading that took place here that we simply can't display it all But you can if you zoom in so you can click on the hand tool hover over this dot and we can zoom in Okay, now we're getting much more insight to what's going on in this area and this is going to be a distinction between us and other platforms that offer just the footprint chart Okay, because you're not going to be able to do this in a footprint chart You're is going to be aggregated within either a time frame or a bar rotation Okay, so all of this selling here you'll just see it aggregate and you won't understand really kind of the action here that took place and the little pullbacks and possible opportunities to to get in and and look for continuation in this downward movement Okay, or when you start to see a structure break here and and starts to Come back up and you and you notice them starting to lift the offer with aggressive buying Okay, so that's going to give a lot more insight it here by looking at the Volume dots and book map. Okay. Now we can use this tool We can hover over here and we can see exactly what traded And you have the date the time what was on the ask at that price level and then the volume that traded Okay All right, and I can continue to zoom in here. Let's let's do that. Okay, and note how we're recording everything Okay, we're down at that millisecond level Well, we can continue to zoom in and look at all all of these trades are just visually aggregated into a big dot Okay, but now this is really what occurred in the market This is about as transparent as you can get with the volume. Okay a hundred and two contracts traded here at 2468 okay, and they traded within less than let's see. This is 900 So, yeah, here's here's here's here's a hundred milliseconds So this is about half of a blink of a human eye. Okay, if I zoom out a little bit more We'll see from here You know this 218 okay to 219 No, I'm sorry. That's a hundred. So a little bit more Okay 218 to 222 I'm just looking for 200 milliseconds. That's that's it and it's not Here we go okay, well Anyway, let me let me continue on we're just looking for 200 milliseconds and it's looking like instead we're getting Yeah, I usually can just zoom it right in there anyway You get the point but as we zoom out you also get the point you can see where the volume is trading Okay, all right. So that's the volume and that's the advantage you get book map solves that problem of properly displaying the volume when where how much and what type and That's a lot more information than you get on this candlestick Okay, and now there's there's still though a lot of transparency that we don't see in this market Okay, and It's great that we see the transactions and you know a lot of people are making their Decisions based on these transactions Trading decisions, but let's say for example, let's look at this little area here You know like why is price kind of bouncing here a little bit? Okay? Well, maybe the buyers are you know are down here and and maybe this is a really thick level of liquidity Maybe they really want to buy at this level here We don't know that by looking at just the transactions. Okay, we have no idea Where people are lined up to to buy and sell now you do in the dome All right, and the dome is good, but it's only good for the moment Okay, this dome you're not going to remember what happened back here Let's see how many minutes ago Yeah, eight minutes ago. So, you know, are you going to remember that and how much trading took place here? How many People were on the bid at that moment. What about the areas around it? Were they really interested in buying or you know, we're the where the sellers Getting filled and and we see a you know a sharp move to the upside Let's let's let's turn that on now. Okay, because what book map will show you and it'll solve that issue for you Because we can historically record the dome data. All right, so let's let's turn that on there you go and Not much down here not much interest but a lot of interest up here All right, and you can see and we can zoom in there and we can also understand this Interest look at a how As price is coming up here These guys are starting to pull their liquidity and then they're also adding it. Well, they were up here at that at that higher level But they then they pulled If we zoom in here, okay now we're starting to understand. All right. This was a battle okay, there was Buyers and sellers here battling it out at this area. They wanted to get filled. Okay. Look at the liquidity here You know 2,000 contracts and then if I zoom into this area here, I'm sorry So 1,600 contracts versus 1,400 contracts on each side Okay, and they're staying in the book. They want to get filled and they are getting filled Aggressive buyers and sellers are taking the liquidity at these price levels. All right So we have an understanding that larger players are getting filled up here Okay, and we want to see who's going to be the victor of that and put this all together Shiji the candlestick, what does it represent? It's open high low close Okay of a specific trading period in this case. It's five minutes So on this on this candlestick here. Let's take a look. It opened up here Okay, and you can see it here on book map, right and you can see the volume that traded here and Then the and then it it looks like it opened here. I'm sorry It went up a little bit and then it and then price went down And it closed right here at the very low of this five-minute period right Okay, so now we have a Lot more transparency. We understand where traders are lined up to bid an offer Okay. All right. So let's see here. I promise to look at gold Let's let's jump in and and take a look here. I want to look at some more volatile markets Let's see trader Ian was asking me to Look at this. So let's do that right because The ES okay, you know, you can understand just by the liquidity here in the book That you know, we saw 2,000 contracts up here. I mean, that's a significant, right? Well, let's take a look at gold Okay, we got to zoom in here Look at the contracts that are available here in the book. Okay. We're in the tens. Okay, not even a hundred All right, and what what? thinner markets like this What occurs is you usually see? The price kind of skid through Areas and then reverse right you get more volatility and and think about it This is a very simple thing to to understand If there are not a lot of players in a market All right, so let's say I want to buy something but there's not too many people out there that want to sell to me and There's two guys one that $10 and another guy at $20 and the guy from a $10 says no You know, I don't really want to sell to you at $10 anymore. I think it's Worth more I'll sell to you at 20. So now I have two traders up at 20 Who want to sell to me? Okay, so I don't have a choice Right, and that's why you know, there's no other trading that's available All right, so that's why you get these You know really really quick moves. Okay, and on low volume Okay, and it's easy for larger players, too Like if you can see some of these areas here, you know 45 50 you can sweep right through that Well 150 lot and there they've already moved price a tick. Okay, just with their aggressive market order Let's see, too. Yeah, let's adjust the the heat map here. Okay, so you want to see like some of the Larger players. Well the way the heat map works as I zoom out a book map is calculating All of the liquidity here in this chart range And then it's giving you the very highest liquidity as being very bright white and Then it's scaling the rest in reference to that Okay, so now if I zoom in That that that calculation changes now Okay, so now we're looking at a calculation for this amount of data here And so you might see lines here that that change but then if you zoom in that you'll you'll see that You know now is giving that reference to this current view right Yeah, the quity is very poor and gold Agreed, but you know, you can get some really nice moves as well Let's see. So to adjust this the scale of the heat map What you do is you click on automatic contrast configurations and then let's Let's change it. Okay, so for example, I'm just interested in some of these higher areas of liquidity the larger players right, so what we'll do is we're going to bring up the Black cut off and also the white cut off here Okay, and then we're also going to we can play around with a contrast a bit, but I'm just gonna jump right down to large size highlight. Okay, and I'm just trying to pick the larger players okay all right, and you can look at a very extreme view here and Now this is where you find the liquidity of those larger players Okay, but you know that doesn't really work for me. So I'm going to adjust this here. I'm going to bring down my I like bringing down the The white cut off a bit. I want to see I want to see some of the other liquidity in between these higher areas of liquidity okay, and understand You know some of the pushing and pulling of price with due to a skew in that auction and That now you can now I'm getting a lot more information. Okay, so that's how you can adjust the book the historical book And current book. Okay, the the graphical representation is is here. Okay, so these numbers here the liquidity Is given a graphical representation. So here's 83. Okay, and that's by far the most liquidity here in the book All right, so it's the brightest area at the moment Okay, now this area was brighter down here, but this is historical And we don't know well what it is now because you can see the extent of my lit book is down to this price level here and The and up to this price level here Okay, all right, so let's jump in and start to analyze the the order flow Okay, and and what's going on here? Okay, so the first thing to do is to we want to understand the current auction. Okay, we want to understand Where are the majority of those players? Okay, the larger players and what's the current auction? What's going on? so We adjust with the the contrast configuration and you know, maybe you want to get a little extreme for that exercise All right, and then start to start to evaluate Okay, so you can see that it's pretty pretty meager liquidity kind of between the larger players here And that's very typical and look at our price activity. We're going sideways. So Usually in auction theory You'll find responsive buyers down in the lows and responsive sellers up in the highs Okay, and that's exactly what's unfolding here All right, and you can see some that kind of mid-middle mid-term liquidity is at this 45 level okay, and They're starting to get interested here, but it's not as high as as below All right Okay, so that's the first thing we've identified that and then let's take a look here at the How they behave around those areas of high liquidity? Okay, that's an important part because We want to understand if they really mean business if this high liquidity here wants to get filled okay, and Because a lot of these times these guys don't have to be committed No one has to be committed with their limit orders. They can pull them and you see it all day long All right, they'll get cold feet or maybe they have a some sort of like, you know disruptive practice or something to maybe You know sucker you into a certain way or whatever And that's what we want to determine Okay, so we can zoom into these areas. So let's zoom in down here where we see the swing Okay, and well interesting stuff. This is this is looking pretty good We see the the move down. Okay, and then we can see that they were They had 79 contracts here Let's go down a little bit further. So 79 contracts down here 83 down below but look at they started to get in here with the that shorter term liquidity here. Okay, and this is this is Well for sure one player is and maybe others You know In here as well, but look at some of the liquidity and look at how it's being provided Okay, high liquidity here. Let's use our rollover tool. Okay, we see 96 contracts here Okay, compared to down below 91. So this is the highest in the book at that moment And then and then 89 and look how This player here has got to be the same guy You know very high probability as soon as he pulls from this area here He's even getting more aggressive and he adds it one tick higher Okay, so you can understand this I'll go behavior Okay, how it's I you know look at look at his behavior in here It wants to get filled, but it's looking for something okay, and That's this is showing us something something interesting You know, I don't I don't really it's hard to gauge like I didn't really have the intent to trade it down here And I would say no, I mean it keeps on pulling and adding in this area If it really wanted to trade This would stay in the book Okay, they're not going to give up their line put their place in line. It's a FIFO market first in first out So That's where these traders down here. There's a distinction. This is longer term liquidity This is a shorter term liquidity in between Okay, but this is pretty interesting to see this I'll go working and and and this is usually the case I Was speaking with with Ian usually a case in the thinner markets like stocks or Or gold or the DAX You see It's more transparent to see this kind of behavior Okay, and the S&P that's so thick that this guy would be kind of disguised We wouldn't really understand or see this kind of behavior Okay, but it is really apparent for us here in gold All right, and I don't know if this guy doesn't look like you know, he got much on But they certainly did here. Okay, this is where they they broke this micro structure They lifted the offer swept the book to the upside and then now we're in a new trading range okay, so See gee, I hope that that helps you now now we're starting to identify some of the You know price structures here and the order flow within that price structure Okay, all right, and it's holding it's still holding that structure at the moment. Okay, so There's all sorts of potential strategies here for you then okay, and that's why I hesitate to give a strategy I Can in the part three of that educational course we give you some strategies To look at but it's it's really It's really up to your methodology But for example You know if if auction market theory we broke to a new level and they're supporting price up here Well, maybe you want to be a buyer down here a responsive buyer. We're in a new range Okay, be a responsive buyer and look to cover at the at the top of the range Okay, or maybe you're looking to cover at maybe the midpoint Okay, of that Yeah, the trend lines. Well, I mean we're just identifying structure and out out Outlining that for you to understand what's going on. You know, we can look at another Here and we're holding it, right? I mean this is This is something we covered in part two. I believe about structure value is Being determined within this this range here. It is trending. Okay, but it's being determined in a trending trending range Okay, so you can look to fade some of the higher areas back to the middle or you can look to to get long In some of the low value areas down here Right, so that's that's the idea There's also horizontal value here. Okay, so if if we take a look at that So it's up to you Whatever you look at right look at look at how I mean this is just it's beautiful, right? Look at the breakout here acceptance break down here right back to where we broke from Right back down again, and it doesn't go to where we broke from here it goes further in this case and it tests the low here in this and this this low here in this time frame and it comes right back up Okay, and then it breaks this structure once again and it's bouncing back and forth on top of this so you can start to understand you know fading the outside edges and You know for looking for a return back to value So there's your horizontal and your vertical lines and just but what's important is to Understand the order flow within the structure. Okay, so let's do that Let's take a look here and and what do we see and let me bring up the dots of dot size I want to look at the volume a bit Okay, oops volume dots Okay all right Okay, so So we were gauging gauging earlier Where the traders were lined up in the book and what was their intent to trade at some of these levels? Okay, and we read that that these guys were pretty interested in trading down here And we saw this algorithmic activity here and then look at them on the on the offer as price is coming up here they start pulling and We know that they're really not interested in trading Okay, and that's that's important to know that is an advantage All right, and that kind of transparency Is something that book map can can deliver All right, so now We we have our structure. We're understanding the order flow and let's take a look here at the transactions Where are they occurring? Where are traders actually committed in this market? All right. Well, our structure is telling us they're committed above this 1246 okay, and Other than that, let's see. We want to read where the transactions are taking place We want to understand what kind of transactions they are and how much And it still has a slant here to the upside Okay, because look at this nice cluster trading up here and look at the color Okay, in fact, we can you use our imbalance indicator here Up in the top right hand corner to give us a feel for this this trading here And we can also look at our column our CVP It's a volume profile For just the data here within my trading window All right, so You can see that this reflects all of the trading action here Now you can right click on this and you can format this column Okay, and we can split out that data Now we're getting a lot more insight So we see the There is more buying than selling here. Okay, our volume in balance indicator says plus eight percent And you can see the there's more green here than red and we can actually add up the numbers if you want Okay Okay, so that has you know, there's more interest in trading at a higher level Okay, what about down in some of these levels here at the at the low around this 1246? Okay Yeah, I mean there's definitely some sellers here but Then we you see the aggressive buying here. We kind of break out of a very micro structural range here All right, and we get a pullback right to it where we broke from And then we see buyers are still engaged Okay, so you see that well, you know, maybe this is so micro structural I kind of hate to go over it, but we want to look at gold But the concept is the same The the buying started here. We're looking for coming back up into some of these higher areas And and that's exactly what we do. In fact, we looks like we break the high here and trade a little bit a little bit higher Okay, so you can understand now now how to integrate Some of the order flow Into your trading if you're looking at some of your technical analysis on your higher time frames All right Okay, and this flips and switches all the time. Okay the higher liquidity. Let's look at the auction What about where they're bidding and offering? We don't we don't really get a lot of that information here, right? We We can see that The higher liquidity is at the ends, right? So we're just kind of bouncing back and forth here Another insight is right here Okay, there's more aggressive buying In fact, kind of curious to see it come back down a little bit further Then here and test the the lows again. Okay, but they found buyers again right All right, I think these guys at 47 are gonna get tested All right, and that's all I know. That's only a few ticks away, but we were reading that back here Okay, and then agreed this it was and this looked good But then you start to see some of this activity too And then and then looking at the liquidity at being at the ends. It's not giving me much in terms of how this might unfold and and why is that because I want to see a lot of buying activity in the in the auction underneath here, okay, and The overall is still transactions are telling us this is going to occur Okay, but and then here we go. All right, so real time right here. We go So we tested through 47 and we still see a lot of buying Actually really big iceberg order just went off to 132 contracts. All right, so you know that Need to be wary of that You know because we're getting an added confluence here that someone's getting filled here with a hidden order Okay, so now then they're not coming up there the where are the aggressive buyers now, right? They're not here now the sellers are starting to jump in and where are we going to go? Well first target would be down here Second target would be below the swing. Maybe Depending on your, you know aggressive stance or maybe you're looking for 45 to get tested down here. All right Okay, any questions on that Is it kind of clear how I'm going through and analyzing the order flow and within a structure Very objectively. It's just you know, just read this you can read it like a book and You know, you can you start to put these pieces together. Okay. We were looking for the breakout. Okay, we got it. Okay, but It we saw iceberg detector up here showing us someone's getting filled with large size Okay, and we did not this breakout here. It's only about one two three four four or five ticks. Okay, well, that's not bad, but We did not come up and test 4750 up here and that's very high liquidity hundred contracts 84 contracts right Okay All right, so There's a there's a that's the process here Starting to identify some of the structure and starting to read the order flow Identify the larger players Okay, the large transactions and where they're occurring and the the large liquidity and where it's showing up and We want to understand also how they're behaving. That's the important part here. It's come back. That is where it gets contextual right and It's not an indicator We want to understand like did they want to trade and look look here how they stayed in the book They certainly wanted to trade here okay How many contracts okay hundred contracts and we can see how it's getting filled and And we look at the volume Right, so that that this this this trader up here who wanted to sell he got his wish He's a seller Okay, and we see iceberg order as well Okay All right, so Getting back to the okay, so well here we go. That's this is exactly what we read right? We're we started to note something interesting or different up here than before All right, and and and now now we're back down to the low of this range here So are the buyers still interested here or not? All right, well, let's zoom in and check it out Okay, I'm not seeing a lot of buying interest Okay, what about the aggressors? Okay, the market buy orders not yet mostly selling here okay in fact Bookmap is really nice at not only showing where the transactions took place But where they did not take place and that is important So little areas of complete exhaustion here nothing traded up here It retested back into this little range here Nothing traded okay, but you're gonna you're gonna be able to utilize that on higher time frames Look at this little area up here. Okay, let's just zoom in and and this is let's see. We're looking at Five minutes worth of data here, right? Well, you would see this behavior. Okay, you would not see this in a In a footprint chart. Okay. In fact, we kind of exhausted out a couple times here at This level of 4690 and then one tick below and that's not good You know, that doesn't bode well here if you start to exhaust out here The sellers cannot if they see that they can they can you know There's algos are sniffing this and they they can get very aggressive and start to Hit the bid pretty hard and and that's actually Exactly what it looks like they did so anyway, that's what That's what transpired Okay Now a lot of the times with the with the thinner markets this kind of activity occurs more often Okay, usually it's quite a bit more But you'll you see the iceberg here of 152 contracts Basically absorbed a lot of that buying pressure. All right, so it that there's the yours your absorption All right, and that's that's how this transpired the a Lot of times if you didn't get that 152 contracts absorbed here with a hidden order We would have come up here and tested 4750. Okay, and you'll get moves through a range and then it's it gets very trappy and Especially in the DAX and the DAX is notorious for for that kind of activity. So you'll see a lot of range bound trading in a DAX where You know you'll get you know pretty harsh moves through but then they'll trade right back into the range and That's the the difference between something that has thinner liquidity And then compared to the ES which has much thicker liquidity All right Okay All right. Well a little bit of a bounce Again kind of trappy right down below here You know grab some liquidity and we see buying interest start to show up a little bit here, right? Okay Let's see. Let me get to the questions here, and then we'll wrap it up Okay, a lot of questions, and I've been rambling, but I wanted to make these points and Go through them in some detail here those that was due to some of the earlier questions, okay Shaji, do you have any any questions? Let me know I Covered about how how to to read this and and looking for potential potential trades here Okay Hey William sorry now note no cl today, but we've we've got gold Let's see a bunch of questions here. So bear with me flip of the book at 11 0 5 Yeah, let's take a look at that Hey Francisco is talking about Behavior that we see very often in these markets, and that's a flip of the book And I don't really see a good flip Yeah, I mean yeah kind of I mean usually it's Usually it's a you know when you break to a new level and that's that's true It is doing that here, but what do you what Francisco is talking about is high liquidity here on the on the offer? I'm sorry on the bid and then and we see that we we noticed that algorithmic activity kind of working it within here and then these guys Well, we don't know if it could be the same guy here But you know that high liquidity was here and it flips over and now it's on the It's still on the bid. Okay, but it's flipped over to a higher level Okay, so yeah, the flip we're looking for is something like maybe Let's see if we can find it and the big trend move up and what this does here's here we go Okay, what a flip will do and There's a nice video. We have on it. In fact, let me let me find that and Refer you to that Let's bring down our dot sizes go to default Okay. All right. Well, here's the breakout. Okay earlier today 1037 and We can see the high liquidity here. They started to pull Okay, and as we zoom out a little bit more They started to flip to the other side down here. Okay, so why does this occur? right, why does a flip occur because These guys they don't want to be sellers here, but they want to be buyers now on the other side. Okay, and that helps Very much helps define the new trading range that this is in And because now they're they they're looking for value at this higher level Okay, all right, not the greatest example but Let's see Continue on with the questions here. Yeah, absolutely value at the POC absolutely Yeah, no, I'm with you Francisco on that Ian possible accumulation. Yep With I remember you I saw that when they came in I Don't think so. I don't I don't see them accumulating I didn't see the transactions take place the accumulation. We're looking for is something like this Right absorption accumulation. Okay up in this area here that 152 hidden orders and this area here getting filled They're accumulating. Okay Or Yeah, I mean You know, they're they're they're going there. They want to be filled. They want to be short and they are Okay Okay, let's see. What else at 47 Yeah, absolutely You know Right at the value area high. Okay. Well, yeah, you're looking more at kind of a longer term chart and looking at value area highs and lows and etc and You know, you're gonna note. That's where traders are lining up Okay, a lot of them are because a lot are trading with volume profile Okay, so This is value for them at a value area high Kate you want me to zoom in on that iceberg? Yeah, no problem. Okay. Well, I mean okay, so this is what unfolded here and There's there's a little bit of lag and between the bid and the offer Here versus the the transactions that took place So it's impossible to trade outside of the the best offer here Okay, but it's just it, you know, there's a delay They're two different data streams and that that's why okay and different data providers, you know, some of them are You know, they'll show some of this some of them won't Some of them it depends, you know, it's it's really how it's calculated for When it comes into the book, we just plot it, right? We're not a data provider But this is what unfolded okay, and you can see how we're breaking apart every single iceberg here Okay, and we're still giving you all the data here. That was a one trade for 42 All right Okay, I answers your question Kate. Okay, let's see Robert Yeah, well Francisco your question about the exhaustion it can be tricky to trade in fact did we cover that in part three of that? Educational package Okay See Stanley Okay, you were talking about oil Yeah, well you also notice that in the thinner markets like that iceberg order. It stopped price, right? basically so You know in the S&P You're gonna need some more iceberg orders Okay, and last question William Okay, okay, so you're talking about thinkorswim and how they Provide their data. Yeah. Yeah, okay. I didn't know that I didn't know that they kind of bundle it and blocks that's similar to interactive brokers but But you know that can be fine. It depends on You know your Time frame for trading. Okay, if you start zooming in like this with that kind of data, it's not going to give you good insight Okay, because we're down at millisecond levels here there they're Providing that data like like an interactive brokers every every 500 milliseconds. Okay every half second basically That's like two blinks plus of a of a human eye Okay, and that's not bad, but you know, we can see a lot more here in book map Look at our 45 level interesting stuff. Okay, so buyers are now down here at 45. Okay, so notice we we saw this kind of unfold here and Not noted that something was was bit off up here and then You know looking for the follow-through Which would happen? I would say probably around here for me Okay, I Would I would stay out of this until maybe some of the exhaustion? I saw here especially I especially like exhaustion up here and it can't even reach that area and it exhausts again many times It exhausts one two three. Okay That's showing a lot of that's showing some weakness. There's there's there's no buying activity any longer Okay, and then you saw me give the targets. The first target was down here and those guys actually did show up Where we broke from and then I was looking for down here and those guys kind of showed up to maybe a ticker to lower And then look at look at this interesting stuff. We return back to Horizontal line Okay, we return to back to where we broke from here. Okay, so here's your another trading opportunity here Okay, so are the sellers still engaged here? Right and and they are Okay, or I should say Maybe a lack of buying as well There's some buying activity here, but they just don't pull it up any further Right. In fact, there isn't a lot of selling in here and not until down here and they break it one more time Okay, and that's that's the gold, you know, that's this market Okay, and ultimately we were targeting 45 The swing down here and that's exactly where they're lining up Okay All right guys, well Let's let's call it a day if you want to give book map a try then You can find it here with And let me see if I can show you Put that video in really quickly for you But yeah, if you want to give it a try for that 14-day trial period. It's under pricing tab here And and give it a give it a shot. So the The video I'm talking about in the flip of the book. Let's take a look at that. Let's go to the playlist again And these will be really helpful for you. I think You know, we have these order flow video snippets here click on that link Okay, and here it is right here. Okay, all of these are helpful. They all go through some sort of phenomena That book map Visualizes that gives you an advantage. All right, so Let me give you this link here quickly Okay And leave you with leave you guys with that. Okay. Oh, thanks Ian. Okay Yeah, I mean, you know, we covered micro as well as macro And what to look for though in the micro within that macro view and that's that's the key here You know putting putting these pieces together Just do that with however it is that you trade That's what's going to be helpful All right Okay You're welcome. Yeah Thanks Francisco Oscar winner that flip of the book. All right All right. Yeah, thanks William. Okay. Thanks, Romero Let's let's call it a day guys and we will catch up with you tomorrow Okay. Bye-bye