 Okay, so welcome to the Bookmap platform details. It's Friday, August 11th, and the risk disclaimer equities, trading equities in futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. For more information, go to bookmap.com. You become a member there and you have free resources. And then you can reach out to us at support at bookmap.com. Okay, so here is the website and you can see the, well, this is the webinar you signed up for. Now I have a new link that I'll, as soon as this webinar is over, I'll update it so you'll be able to register for next week's webinars. Okay, for the platform details. Members, you can log in here and then explore. Let's click on that. For those of you who are new here, then first stop, I would just recommend watching some of these intro videos just to get a feel for what bookmap is. And then I wanna show you where you can try bookmap. Okay, you get a 14 day trial period. Okay, so here it is. And there's just two versions of bookmap, the basic and the advanced. They're billed quarterly and the difference between the two are the add-ons and the ability to trade from the chart. All right, so some pretty powerful add-ons and then obviously nice advantage to be able to trade from the chart because we can see the liquidity in the book and then we can hide our orders behind high liquidity or a front run high liquidity to try to get higher probability of a fill with our orders. Okay, all right. And you can follow us here on YouTube, I'm sorry, on Twitter. Get up-to-date information here about a bookmap and other retweets and what other traders are doing. And then you can subscribe to our YouTube channel. If you're new here, I'd recommend watching a few of the features and components and then a few of maybe these order flow video snippets to understand how to use bookmap, what you're looking at. And then I highly recommend watching some of the educational course here, Get Started. It goes through these markets and how they trade and are dominated algorithmically and then how you can start to see that transparency using software today and then organize and understand how to see structure, market mechanics and then organize strategies to take advantage of some of that, okay. And then the recorded webinar details for the platform details are here. Okay, let's jump in and go ahead and ask any questions that you have and be happy to answer anything. You know what, I'm gonna start off with a poll. I wanna ask you guys something, okay. And we'll launch this right now, okay. So let's take a look at that. If you could just answer what it is that you are, oh, wait a minute. I'm sorry, what markets are you more interested in? I'm sorry, this is the wrong poll. Let me close that one, okay. I'm sorry, I selected the wrong one here. Okay, where is it? Okay, I don't see it listed. Let me try this one then. Okay, let's launch this one, okay. And yeah, let us know what you're interested in here. You know, from this webinar, are you looking for education, a book map features? Or are you looking for learning about or discovering new order flow tools and how to integrate into your trading? Or to learn about order flow in the live markets. And I'll leave this open for another minute or so. So, you know, we'll tailor these webinars for you. Okay, get one more person to vote there. Your feedback is important to us. Okay, all right, great. It looks pretty good. Okay, so the winner is Learn About Order Flow in Live Markets. I'll just let you guys know. We'll close the poll. Thanks for voting there. And let me show my screen again. Okay, so now you guys can see my screen again. Just if you can just say yes. Yeah, okay, good. Okay, great. No prize. There's no right answer, Jim. I know you're joking. But yeah, no new free car doesn't come along with the prize there. So let's jump in here and we don't have much time, actually, but that's okay because you guys can, you know, we'll just flow right into the next webinar. But there's a couple of new guys in here reaching out to, let's see, I think Uri, Edwin, Christian, a few other guys here. So, you know, I think you guys are new to Bookmap here. So, you know, I wanna welcome you in here. And this is your opportunity to answer, or to ask any questions and get those answered for you so that then we can move on. So, let's start off by just simply going through and I'm gonna do this a little quicker than usual. So, and that's fine. We do this every single day to go through here just to show the new traders what you're looking at here and you'll get a lot of insight and order flow as I do this as well. So, it's a little bit of analysis at the same moment here, all right? Okay, just looking at a very basic candlestick chart and we're looking at oil here and pretty interesting stuff that the figure down here I was looking for this earlier this morning and right to it tapped it and you can see the reaction at 48. Anyway, we'll get into analysis in just a second. In a basic candlestick chart, you're looking at open high low close of a specific timeframe. In this case, it's a five minute chart. Most of us are very familiar and are making trading decisions based on only four data points here. This not much, I mean, it's really about 1%, not even 5% of the market data that's out there. And so, we're making uninformed trading decisions based on an antiquated charting methodology here. And this was developed by Japanese rice traders like hundreds of years ago, several hundreds of years ago. So, let's move on and let's get a lot more clarity and transparency to make more informed trading decisions. Okay, for example, the volume, it's a problem here. Where did the volume take place? We wanna know where traders are committed. It gives us a lot of insight to the probable price movement, okay? So, we can see a volume chart here, sub chart, and most of us are looking at something like that. And you can see there's a lot of volume here, not surprisingly at the figure, to see that in a nice move, right, on a big candle. So, that's helpful, but we still don't know what type of volume it was, was it an aggressive market buys or market sells? We don't know where it took place on the candlestick chart. I have no idea. And we don't know how much exactly traded and where. So, we'll solve that issue here, okay? We'll just, we're gonna turn on, and I'm gonna, first, I'm gonna turn on the best bid and offer, okay? Historical best bid and offer, and we already have transparency here just by looking at that piece of data, okay? Look at the little sideways. You can see the, you know, move to the downside here, and then this candlestick here between these two vertical dotted lines, this is what occurred. This is the price action. So, why is this more transparent already? Because we're starting to see microstructure, okay? This is a pattern we've gone through so many times, and we just continue to see it again and again. In fact, I just can very easily draw in a lot horizontal line right there, breaking structure here, and then we see the move to the upside. We're gonna see the order flow here, and we're gonna get a lot more insight to what occurred in some of these areas, okay? There's also another break of it here, okay? Structure, sideways consolidation, break of it, one tap to the downside, rejection, and then a nice move up out of that into a new range, okay? Microstructural range. We come up and test the high of the previous range, though, the bigger picture range that's here, okay? All right, so a lot of insight just by looking at this information, but let's turn on the volume and take a real look at what happened here, okay? Well, you can see there's a lot of trap volume down here, all right, and we're gonna see a lot of absorption down here. Larger players are gonna be placing their limit orders down here in absorbing price, and we'll get to the limit orders in just a minute, but we can see that the majority of the sellers down here, the aggressive sellers are completely trapped, and they're gonna cover up in some of these areas here. If we don't see continuation of the breakdown, and we certainly do not, it rejected, the breakdown rejected, it came right back into the range, and very quickly, within minutes, we had really good price movement to the upside here to test the high of the range, okay? Now we're getting real insight to where these traders are committed and where they might become, you know, natural buyers, forced to buy. As soon as they hit the sell button here, they are now buyers, okay? And this is just how the market works, right? Look at the aggressive buying here within this candlestick. This is all not seen at all within this five minute period, right, and you know, if you're looking at a footprint chart, if you're looking at maybe a one minute footprint chart, it would be more helpful, but even that period is gonna be aggregated data, right? So for example, if I zoom in here, just click on the hand tool, hover over an area, and let's zoom in here, and let me move this line here just a little bit. It's kind of getting in our way, all right, there we go. Okay, so here's our historical best bid and offer, and here, this is the aggressive buying right here, okay? It's the green dots, right? Someone hit the, they wanted in bad enough that they crossed the spread, they hit the market buy button, and a transaction occurred on the best offer. They took liquidity from the best offer, okay? Market sells the opposite. They hit the market sell button, crossed the spread, paid up for it, and they took liquidity off of the best bid, right? So you can see it all unfold here, and in Bookmap, we don't aggregate the data. It's just, it's a complex event processor, it's a very powerful platform engine here that can, we can handle all of these millions of data points. As I continue to zoom in here, look what really unfolded here, okay? We can see that there's a lot of detail here, and it's all, we're down at just millisecond level here, we can continue on and go down into even nanosecond level. Then we're still at microsecond level here, now we're down at nanosecond level, okay? We're talking billions of seconds here, okay? It's all recorded, it's not aggregated, but as I zoom back out, we visually aggregate this data, okay? And we'll give it to you the overall in a big pie display. Note how this was one big pie display down here earlier as I was zoomed out. Well, now we can see where all that selling actually occurred, okay? We have the specifics of where this all occurred here, okay? We actually get a little double test, and look at the aggressive selling here, very little, right? So anyway, as I zoom back out, we aggregate it, and we'll just give it to you in the overall, and there it is for you, okay? So now you can see what this data really meant, okay? All right, that's just the traded volume, okay? And we can see then where the traders are committed. Now let's turn on, well, let's go to the current market, okay? And let's see what's going on right now in the limit order book, okay? Why am I going to limit order book, okay? I want to see where traders are lined up to bid and offer in this auction. It gives me insight, okay? It's good, the dome is good. It gives you insight to where traders are lined up to buy and sell because they're, these are the ones making the market. If there's no liquidity, well, the next, if there was no traders in here, and they're not providing liquidity here, someone hits the market sell button, the first place it's gonna go is where there is liquidity, okay? And the spread is gonna widen by like, you know, eight ticks here. And the transaction is gonna occur down here at 4825 if they're providing liquidity there, okay? So now I have an understanding of the depth of the market here, and that's good. It gives a very good current state of the market. The problem with the dome is that it doesn't give you the historical state. You're gonna have to remember when these numbers change what it was previously, how much they pulled, how much they added in, where were they previously, maybe in this swing over in this area here, or maybe this area here, are they still interested in buying or selling, or what about the bid? What about the areas around it as well? Are they front running it, or are they more bearish and lifting or pulling their offers and placing them at higher areas? All of that kind of data is complex and hard to read in a dome. And this is where Bookmap solves that issue because we'll take this data here and we turn it into a heat map, okay? So let's turn that on and we can see it here, okay? So in this window here, okay, this is the current market as well. This is just like the dome right here in Bookmap, the current order book, okay? But in this window, we're showing best bid and offer, last traded volume right here, this number, okay? And then this gray scale heat map. This heat map is showing you, it's a graphical representation of the liquidity here in that limit order book, okay? So when you see these numbers change, it'll be reflected in the heat map. So if you see high liquidity, it's gonna be represented by a bright area, okay? If you see it's a little more gray, well, that's less liquidity, okay? So look at how quickly this is always changing, right? These numbers are constantly changing all day long, okay? Now, it can be a lot to watch and it can be mentally very taxing. So what we do though, or what the software does here is we take this graphical data and then we plot it historically onto the chart. So that's what you're looking at here. It's the auction unfolding, okay? The evolution of this auction, okay? And it gives a lot of insight. Look at how they wanna buy here at these areas, okay? High liquidity here, okay? And we can start to put this into context too. So what kind of, I mean, we know they wanna buy, it's high liquidity. We can look at hundreds of contracts here in very aggressive here, close to current price, okay? They wanna be buyers here, okay? So we can read that context. So when we can start to put together the pieces now of this auction, this is just like going to an auction and you can see that these buyers here are kind of jumping over one another and bidding it up. No, I wanna be a buyer, really wanna be a buyer. I wanna be a buyer at a higher price level. And you can see how price is reacting now to this action in the auction, okay? It's starting to move up because there's demand, right? It's how any auction works. And look at the insight that we just got from this little auction right here in the aggressive behavior in that auction, okay? So now we can start to put together the buying interest here of between, well, it was between this area here of 48, 28, and 30, and 31, okay? And where are we going, okay? We're going back up to test some of the trading ranges here that we're in and we can see that we've already come up and tested it, okay? And let's see if they continue to show interest here in that auction. Now we're starting to see sellers on the other side, though. Okay, so up at the top of the range, we get responsive sellers. Now I'm starting to get into some auction market theory, but that's okay, you can go watch our educational course if you want a little more information on that, all right? So now we have a complete picture of the order flow and the traded volume, okay, the tape. And we can start to read context and put it together. Where are the transactions occurring, okay? Are they more at the lows here or are they starting to shift over and we see more buyers come in at a higher area? If so, and we see the interest here in the auction here, well, then I would start to anticipate price to come up and test at least the highs up here and maybe this high liquidity up here at 48.45, okay? Maybe ultimately 48.50, okay, this half figure up here, okay? There's always a lot of liquidity at these half figures and we can see that very, very clearly here, all right? Okay, any questions, all right? Well, the, let's see, what else are we looking at here? Well, this is actually, you know, something that, you know, I may just, I made me to jump over into the next webinar and cover it there because order flow in a trend, you can start to read the volume at higher highs like this. This is very, very typical of a trend, okay? So why don't we, why don't I continue on with the advanced analysis on that because what you're gonna see is absorption, you're gonna see limit orders up here, absorbing some of these higher highs and you're gonna see areas of exhaustion here on the higher lows in that trending environment and then we start to see a shift here, okay? In that order flow, right? But we're still holding structure. Yeah, Darcy, you wanna take a look at the ES? Okay, well, let's, we'll see what, you know, what's moving here, but, you know, and cover some of the phenomena is what's key so that you guys, when you start to see this unfold for you, you'll know how to react, okay? And, but yeah, we can certainly look at the S&P. So let me take and copy and paste the link again here for you guys if you wanna come join us in one minute to the advanced analysis webinar, okay? All right guys, yeah, take care. We'll see you in a minute.