 Good morning traders. Can you hear me and see my screen? This is Bruce at Velox Pro Nope, can't hear me Carl you got to be you got to be kidding me Okay, hey, I got to do it every day if if I don't Then there's been times that I've talked talking to myself for five or ten minutes and then someone In the question says are you are you speaking and So I just get in the habit of of always asking first And then we can move forward alright Okay, no, no, it was funny. That was funny. Oh, right. Let's let's let's jump in and Get going here. So it's Friday. We had a big week a lot of data, you know a lot of well data and just fundamentals You know with the the FOMC and starting to understand how things are going to unfold in this raising of interest rates environment Okay, so learning or flow with bookmap Let's go through risk disclaimer trading futures and Well, no just trading futures involved substantial risk of loss is not suitable for all investors Past performance is not indicative of future results Go to bookmap.com for more info become a member there and you have access to the free resources and then Support at the locks pro with any comments questions or or issues If you want to try bookmap, this is where you can find it. It's under the pricing tab There's the basic and advanced version the real difference between the two is the These add-on features here, especially the one-click trading being able to trade from the chart And do you get a 14-day trial? All right, so try it out for 14 days see if you if you like it if it works for you If not, just let us know and we'll cancel the the trial Quants and prop shops prop shops can reach out to us here And let me just show you where the recorded webinars are you can go to the YouTube page or you can go through the portal here When you log in and in all your account information is here Let me go over the register for webinar because next week. We're having a special event. We're having a all-week long Professional traders will present their Methodologies for trading so don't want to miss that just click on that link this blue button and That'll take you to this page here and then from the drop-down select bookmap pro traders webinar and You'll be all set up. Okay, and just register All the educational Information recorded webinars and videos are under this education tab You can view the recorded webinars here and there's also these video snippets. Just click on the link Open it up and then click on this link here for the playlist. It'll take you to the YouTube page all of the You'll need to scroll to the top for the moment. This is yesterday's and then Wednesday's etc But I also want to show these video snippets so click on this link here Open that up and then click for the playlist and that'll take you to this page And we just have a new a new few new ones here just uploaded the last couple days We can look at the ES price breakdown and rejection that we covered. I think on Monday or Tuesday. I think Monday and then this is from yesterday. Okay, looking at the CL and looking at the rollover Order order flow shift in the in the rollover that we covered yesterday, right? Okay, so watch as many of these as you can there's 79 of them now And these are very concise videos that just go through the order flow That we go through during these webinars So if you can digest the information in these it's a lot quicker than then watching the entire webinar, okay? Okay, let's jump in here and we're going to look at the Microstructure but integrating integrating that with the macro structure Okay, and looking at the order flow So first look at our higher time frames of interest regardless of how you trade Then we're going to objectively understand the micro structure. We're going to go through a process understand the order flow and Obviously scalpers will be looking at just primarily at this micro structure and much less at the higher time frames And that'll allow us to pinpoint the entries exits in the trade management Okay, so let's do that. Let's take a look at some of these markets. What do we find interesting? We've been covering oil Bonds looks pretty interesting coming up into this area here, but yeah, let's let's let's look at the ES it's Friday and Yeah, let's just we'll just look at the ES because Coming up into this 75 Area 75 and a quarter and want to see if we're accepting or rejecting In that area. So we'll look at the higher time frames here. Just look at a 30 minute chart Okay, we can see the breakout to the upside f1c And then we've been accepting for the last few days up here All right So you can see them buying in these little areas here and we're just we just retested that area in the last half hour As well and we can see that buyers are still lining up here. We're getting wicks on these 30 minute candlesticks Let's look at a five minute chart And what does this look like Okay You can see the 930 open here right here at this candle and Immediate move to the downside and that is continued. We're starting to see the buyers come in now though. All right, so This area is of interest right So down to Yeah, right right around where these wicks are around 74 and a half I'm interested and and absolutely. Let's just bring this up a little bit more to the the swing here around 74 73 and a half. Okay, so we got that area of interest and on this five minute chart What else do we see? Let's zoom in a little bit not too much Kind of interested here. This is where we broke down from there's gonna be some volume profile in this area somewhere It's a little messy little choppy 7677 area So let's take a look at book map around 74 to 77 And look at the order flow Okay, we we did jump into the new K contract in oil All right, let's zoom out here and take a look Okay, so this is what it looks like in in a cash session. We can see the trending market to the downside here All right, this is very indicative of a trending market. I'm going to draw a trend line in Okay, as we continue to look at the Structure here in book map and then we'll get to the three questions and starting to understand some of these levels of our interest All right 74 was a level of interest. We can see why there's high liquidity now here as well so that immediately pops out into the book map chart and The trending environment. All right, we've we've covered this many times over We can see the cash open here. There was a drive to the upside just pre-market and then the cash open was here And you can see we've just sold off the entire time. All right Where have the transactions taken place? Okay And in a trend the way that the order flow operates for the most part is you see clusters of volume trading at lower lows When you get the retest back up into Where it dropped from you usually see a lot less volume Okay on these points here All right now, there's a little bit of volume But it's it usually looks more like this here You see very little volume trading up here the market basically exhausts out and you get a rotation lower For price discovery to the to the to the downside Okay, because it can trade down here. It traded here before It did not trade up here. There was exhaustion therefore you get that rotation down and usually you get further discovery to the downside Okay, and that's why it will trend like this Okay, that will give you now. We're not Usually you'll see the the profiles you see it's kind of muddled here You'll see very clear Volume profiles of Distribution low volume node another big distribution of volume low volume node followed by another big distribution Etc. We're not really seeing that here. It's just kind of one big ugly profile here But we obviously are our trending. Okay to the downside All right, and we're holding that structure. Okay, we haven't broken. We're still making lower highs and we're making lower lows Let's see here I'm also interested in another area right here because this is where we broke from right here and we've tested it a few times now and How how is price behaving up in this area here? Okay, well look at the volume that's trading up in this little area right here very little right Starting to see a bit of a bit of a shift though in the order flow Look at the transactions that traded here very few. All right, we're looking for bigger clusters of volume Right and we more more indicative of this kind of action here, right? Usually you'll see that with high liquidity in that trending environment. So let's let's go. Let's cover that all right Look at where the high liquidity is in in book map in a trending environment. It's always at it's usually at the lower lows Okay, and Look at the liquidity here on the retracements back up into these areas. This is where you get that exhaustion Okay, and look at how dark it is up in these areas here Okay, very very clear, you know, we've covered this for for years now talking about the kind of shadow effect that you're getting here on the opposite side of the of this downtrend okay, all right and Okay, so now we're starting to test the the structure here Okay, and we're starting to note that all right first off higher time frame 74 was of interest Okay, and then we started to look at the order flow and we started with the transactions Basically and noting noting that these transactions here We're looking for more volume to trade at these lower lows and we did get this push through here But this is starting to seal, you know and also in this area here Not not seeing a lot of volume trading at these at these lower areas these little areas in here, right? and So maybe we're starting to see a bit of a shift Okay, so what we'll keep an eye on this so we just tested structure And we've sold right back down into into the range Okay All right, so that was a quick analysis, but let's go back to the presentation and So we get in our three questions here we're showing up to the auction showing up to the market and We want to understand what's going on in that marketplace Okay, and how do we do that? All right? We're going to ask three questions and and then we're going to answer these Understand the current configuration of the book. What does that mean? Understand where the majority players are. Where are they lined up to trade? Okay, and we can answer that by looking at the heat map and book map. Okay, they're here at 74 Hey, they were here earlier at 75 and they traded okay, we can see that the the liquidity and then the massive amount of trading that took place here Where are they on the offer? Well, we're starting to see a little bit of activity here at 76 and three-quarters Okay, they're starting to pop into the book all right And interestingly enough if price structure is starting to break Where are they providing liquidity right above this price structure? Where where traders going to place their stops as they move their stop and trail their stop down? Usually they'll place them in these little areas behind The swings. Okay, well someone is going to provide liquidity there and is happy to get filled in that area Okay All right, let's move on. All right, so we went through the current configuration of the book How do these participants behave when price approaches them? This will gauge the intent of these traders With providing providing that high liquidity. We start to understand their behavior We start to understand if they they mean business if they want to stay in the book and trade and or if they pull that liquidity and Pull it to lower levels and we're not talking about just one price level here We're going to talk about several price levels. It's contextual here. Okay. We're looking at How they're behaving in an area and Looking at more market participants and then and their behavior Okay. So for example, okay, let's just take a look at current price We're seeing some interesting stuff. Okay, and we've been we've been reading it very objectively from the get-go Okay, starting to note that perhaps we're going to see start to see a shift here. Okay, look at 75 and a quarter high liquidity here on the And a very aggressive liquidity here on the on the bid Okay They they were here down at 74 And we didn't trade into that area and now they're they're bidding up at a higher level. Yeah, that's pretty pretty bullish Okay, what about these guys here on the offer? How's their behavior at the moment? Okay. Well, they're they're adding in too Around this 76 and three quarters. So right now we're going to kind of channel between these areas until someone Starts to add or pull or they aggressively start to hit the bid or or lift the offer Okay, and we'll we'll watch. All right, but Let's go back and and cover the Whoops all right So understand how these Participants behave at the levels but also understand where the transactions have taken place And that's reading the tape All right So let's let's do that. All right, so we read the transactions earlier Going over that trending environment to the downside what that looks like And that now we're looking for a shift though, right? Okay, we're seeing the structure starting to break again We need to see price come up into this 76 and three quarters Trade and accept above that area. Okay, that's what we want to see. Okay, if we're gonna if we're gonna get a Change here in the in the order flow We want to look at the price structure being broken And then we want to look at the order flow the the auction and these transactions and where they're taking place If we come up into this area here At 76 and a quarter or 76 and a half and there's no aggressive buying like we're kind of Witnessing right now. Okay, look at this little these little areas here and here and here Okay Well price is going to rotate lower to find liquidity And and where it can trade. Okay, and it can trade down in this area. Okay, it already has traded quite a bit right So maybe we'll get a retest into maybe 75 again here right, okay All right Another aspect to Cover as well in this trending environment. How are they behaving in the auction? Okay, this is this is bearish You know, they're providing high liquidity here, right in this in some of these areas back at between 10 and 1015 But what about what about the areas around it? Are they bidding up? Are they providing Liquidity at a higher level a tick a tick higher or a ticker too higher. No, they're not they're providing liquidity lower Okay, and and then they pull some of that liquidity and then they're adding you can see they pull liquidity here Let's just zoom into that area. Okay They pull liquidity here. They're starting to pull liquidity in these areas here at the same moment It's getting a little bit brighter down below here. Okay at 75 and a half Okay, so they're pulling from these areas and adding lower and that's bearish all right and We want to see how we want to see aggressive behavior The difference between passive and aggressive liquidity This is aggressive liquidity here at this 75 and a quarter Okay, they were bidding up at a higher level here. Okay, like a point-and-a-half higher than where they were previously Hey Okay a few questions Yeah, Homera, I'll follow up with you later. Yeah, send an email to Velox Pro Support at Velox Pro comm That would be great Okay, all right here. We're getting our rotation back up now We're looking like we're probably going to test this 76 and three quarters Okay Okay, we need to see there we go. Okay. Why did I say that? You know, I mean Here we are right just a tick away from it and Just because you know, we read earlier these areas here very little volume trading Okay, but now we're starting to see more volume trade here at 76 All right, so now what we need to see and we'll wait and watch and see if we can trade above this 76 and a half And start to accept up in this area here. Okay Now if we rotate lower, where are we going to rotate to? Okay, looking at the the auction. All right I'm seeing the liquidities down here between 74 and 74 and a half and that's where they're they're adding in Okay, we'll probably see this guy here at 75 and a quarter pop back in right and Now we're starting to you know, we see a little bit of a trend reversal Let's draw that in you know something like that and Let's look at these areas here Look at the exhaustion a little bit of exhaustion down here Okay, nice cluster here, but one tick lower. No volume trading down here. Alright, so if we come back down into that area I'm imagine we've exhausted here once before We'll probably see some covering or you know Maybe maybe we'll see follow through but if exhausted once we'll probably see it Exhaust yet again. Okay, that's why we're looking at some of these areas up here And we see some volume trading, but it's just not not a lot Another example would be and I know this is microstructural but it still Demonstrates the the concept here, you know some exhaustion down in these areas here We trade back up and we trade right back down and they're still just very little selling here. All right more look at look at them on the Aggressively lifting the offer instead More volume trading up in these areas here Okay, that's what led to this move that we're looking for is test the 76 and three quarters And we still haven't tested it yet, right? But we're again a tick away here Okay, all right exhausted out again Okay Where are those aggressive buyers? And we're seeing aggressive sellers hitting the bid here Okay, so maybe we'll come down into you know, just kind of this area here of where our line is at 75 and a half Parsons no no Forex Forex doesn't have a centralized limit order book We can look at the Financial futures though if you want that trades on the CME Okay, so we got a swing down into our line right here, okay, we're just talking about that Okay There it is and Let's see if we see continuation into Next level here, which would be 74 and a half Yeah Forex is over the counter And There's there's no there's no limit order book. There's no liquidity that or volume Okay, that we Can can really lean on Yeah, I don't know if I have The dollar futures here. I mean I can open up the euro dollar But the the issue the issue is in book map once you Open up the chart you begin collecting your data Okay, so you can see I opened this chart up over in this point here on the on the far left around 853 and I've been collecting data since right So I can't open it up, and I won't have historical data right away, and I'll show you okay, so let's just subscribe to the 6e Okay, we should be on the M contract remember today is rollover As well, so we'll probably see a lot of back and forth Okay, so this is what the the 6e looks like and you can see I just opened up the chart Okay, so I'm just collecting data right now And this is what that looks like Okay, quite a quite a different market. I mean the liquidity is in the 10s here in the hundreds and some of these areas Compared to the S&P person you will need a futures account and There's a there's a couple things you can do If you are a forex spot trader and you want to use book map Well, you can you know you can look at the 6e or the 6b or 6c or 6a or whatever You know that trades in the futures market There there's a centralized limit order book All the data is there all the traded volume is there You can utilize that and then look at your spot forex market to take your trades from Okay, so basically what you would need then is you wouldn't necessarily need a Futures account you would just need a futures data feed and book map Okay, someone like DT and IQ they they offer that And Rhythmic CQG. I think you can just get a data subscription only Oops All right, let's go back to the ES. What does that look like now? Oh Just right back and nothing. All right All right. Well in any any more questions I'm Not not too much to go over today We were looking for that Starting to note, you know down in this area here or back here Actually, we're starting to note that maybe the shift In possibility and in order flow here as well as our level at 74 All right, so that that gave us some nice nice clues here to this Break of structure now again like You know, we're just we're just going sideways now and we need to break this area here And and trade above this 76 and a half area Okay, I want to see a nice sweep of the book through that area. I want to see them aggressively lift the offer Trade through this liquidity or have this liquidity pull and then trade on up Maybe and we'll hit some of these higher levels. Okay Immediately after this 76 and three quarters, it would be 77 and a half 78 is starting to show a little bit of interest. Okay, but the higher level was up here at 80 Okay, now that's historical though There's 2,000 contracts up there when price starts to come up into this area here You'll probably see the the book Refresh the data up here and we'll see if these guys are still up here or not All right. Okay Just new to book map person. Yeah, no problem Well, yeah, we're not a strategy. We're not an indicator We're we're a a trading platform that very objectively Displays the market data for you. Okay So it's no there's really no derivative of time and price and volume here like most Indicators we do have an indicator panel now. This is new in our API. Okay, you Can look at the this is the CBD, which is the cumulative volume Delta You can write your own Indicators now in this environment as well as trading strategies. We also have trading strategies up here Okay, it's we have a chase escape and execute trading strategy And then here's your your settings for your cumulative volume Delta Okay So what we're objectively showing here is the traded volume Okay And the liquidity here historically and current All right, so there's no there's no like setup here It's up for you to bring your trading methodology to the platform We're displaying it that will help you very objectively Confirm your own trading setups and methods Okay, because it is a quite a Objective view of the marketplace here. We're showing you everything. All right. We're not just showing the traded volume Which most platforms do Yeah, Parsons you might have come in a little bit late. I'm not going to review the the white areas again This is high high liquidity, but You can watch the recording. It'll be up in in just about maybe an hour or so. Okay All right guys, well, let's call it a day. We'll wrap it up and call it a week as well Chris what language are the indicators written in? Yes, they are Yeah Carson once you I mean I'm parsing. Why don't you? Reach out to me at support at Veloxpro And I'll follow up with you and that we can go I can show you where the recorded webinars are Other videos to watch and whatnot. Okay, so support at Veloxpro here. I'll type it into the chat. So you have it There you go Okay, you can copy and paste that And then yeah, you know, I get you get you going with the basics here. Yes, Chris and and Michael. Yes the API For writing trading strategies and for writing indicators Is in Java? Okay, and there is a github Page that you can go to and and access all the resources there All right All right guys. Yeah, let's call it a day and don't forget next week big week. It'll be a lot of fun We have the professional traders Webinar series so if you want to do that You can click here and register for it. In fact, let me send you the link here I think I can just register for it And maybe send you the link here I can send you the link Hold on just a minute here. Okay Okay, I'm gonna put in the chat as well. So click on that link there. Okay, and that will take you to the page for Registering for next week's webinars and We have a like four or five different professional traders and how they look at the order flow in book map within the way that they trade so Parsons if you're looking for trade setups, then that is the one to watch. Okay, they're gonna go through how they trade Okay. All right guys. Yeah, take care and we'll see you next week. Bye. Bye Thanks Carl. Yeah, happy happy saying Patrick's Day