 All right, we'll go through the order flow today and note that for the rest of the month It's you know June 19th, but for the rest of June We will not have any book map order flow webinars In fact a structure is going to be changing a little bit and we have a real nice surprise for you guys beginning in July After the US holiday, so that will be on July 5th. Okay, so it's gonna be great. I think this will really help you guys quite a bit Understanding order flow and integrating it into the way that you trade We're real excited about this new direction. So so give us a little bit of time here and we'll be right back to to support live order flow understanding with book map In July. Okay. All right, let's start off here with the risk disclaimer trading equities in futures involves Substantial risk of loss is not suitable for all investors past performance is not indicative of future results For more information we can go to book map calm become a member there And you have access to a lot of free resources and you can reach out to us at book map or support at book map calm Okay, a lot of the free resources or a few of them are in the handouts folder and go-to webinar that I've included here There's the book map hft intro guide. Okay, that's a your introduction to high frequency trading and Understanding because we can see this in book map. All right. So in the order flow, you can you can spot The algos and how they're operating and this is going to give you an advantage So understanding this environment in the way that these markets trade today is really important Okay, we also have the user guide in that handouts folder and then I include CME rule 575 because it it talks about disruptive and prohibitive practices of HFT traders. All right and That is all well documented in book map how you can see The behavior this kind of disruptive behavior. All right, so We can we can go over that if you guys have any questions, but flip of the book is one of them spoofing is another Initial ignition algos are another. I mean, there are many phenomena and when there is a good example I'll cover that in in book map Okay So let's see if you're new to book map. Let me show you where you can find it It's under book map common or the pricing tab here and you can see all the different Versions that we have I've covered this pricing quite a bit. I think I've answered all your guys questions But for those of you who are new here Let's just make a distinction right down the middle here. There is just book map and Then there's book map with the DX feed. Okay, the DX feed is just a data feed. Okay, and the It allows you to Access us equities. Okay, and we've packaged it together. So there's just there's two versions of book map There's basic and advanced and the difference between the two Are the add-ons and the ability to trade from the chart? Okay and then The book map with the DX feed. This is for those equity guys Who are only interested in equities then you might want to consider going with the package deal here Okay, now if you have book map advanced or basic and you're looking at futures and you want to add DX feed you can It's no big deal. Just go into your book map portal here And then you can do one of the add-ons or upgrades here All right, you will need six point one So you will need to upgrade to six point one and then you'll need to add the DX feed To access book map now that that's we're not a data provider. We're just offering With partnership through DX feed that there is the capability to Connect The DX feed to book map right and and you can do that through us Okay, we're not a broker We're not a data provider, but you can get access to it. Okay. It's $59 a month So let's also make a distinction here. You get a 14-day trial period with all of these products Okay, including the DX feed you'll get a 14-day trial period if you get that as a standalone add-on However, the it will be delayed data. Okay, so if you don't want delayed data with DX feed Then I would recommend just outright purchasing it and then you'll have it. Okay There's a note on that as well. It's for the beginning of every calendar month so it's You know June 19th, so you're only going to get it until the end of June And then it will renew the DX feed will renew on July 1st All right okay right, so The all these webinars are recorded you can find them here and You click on the Under this education tab you click here. That'll take you to the YouTube page and then you can access them all here. All right Okay, and then you can follow us here on Twitter as well And you'll get the most up-to-date Information of what's going on with book map. Okay So let's take a look at the macro view. This is our process that we go through every day here And we're gonna just get a feel for what's going on in the marketplace Some of the areas of support and resistance and just get an understanding Right now then we're gonna look at the microstructure within book map and how that relates to that macro view and then we're gonna drill down and we have the process for looking at the order flow and Context is very important in order flow Understanding the areas around it etc But we're gonna be able to look very objectively at the order flow because we have all of the data that's shown in front of us and these phenomena repeat again and again, so we can really Utilize this process to help us read and in pinpoint Entries exits and trade management Okay, and I'll get into the order flow in the auction here in just a minute here All right, so let's step back and let's take a look at the ES since we're at all-time highs and Real real nice breakout very strong to the upside here as you can see and Take a look at some areas of interest Okay, so this is the half-hour chart. Actually, let me even step back and we'll look at the daily here Okay, and you can see the move here to the upside All right zoom in a little bit Okay, so now this was a previous high swing here at 2445 or 46. Okay. Now we've gone through that area. So that's important to note And that is this line here. Okay 2545 50 So are we going to accept or reject outside into this new territory? That's that's what we're trying to gauge and understand right now You can see the 930 open here and and the very aggressive bind to the upside Okay, now it is on a little bit lighter volume than than previous days. So that's another thing to note All right, so just getting a feel for You know what's going on in this macro view And let's look at a five-minute chart and maybe look at some other areas in more microstructural areas Yeah, I am interested and you can see we had a pause here and then we had to follow through to the upside So this this area here that consolidation is of interest for me and Yeah, we can outline, you know the the swings here and then also this isn't you know now as well An area of consolidation here okay, okay, so let me let's take a look at the Microstructure in book map and what does that tell us here? Okay, here's our 930 open. Hey, we see the initial drive to the upside And then we can see a very strong drive because look at the Consolidation here is up at a higher level. We did not come back to retest where we broke from here And we see continuation to the upside up into the figure here 2550 okay, that's important to note. There's going to be a lot of sellers up here just naturally just because because of the round the round numbers Okay, and our area of breakout of 2445 well, we can see that buyers are stepping in here to provide liquidity at that area Okay, they were over here as well on the on the sell side And they've now flipped to the other side here now We'll see as we get into the auction process. Do they mean business or not? Okay? That's going to be important distinction Okay Let's see here. What else do I see? Not much, you know, it's a I mean you can see all the green dots, you know So very aggressive buying and and then continuation here Let's take a look at this breakout up to the the figure here We can see that it's not as big as it was previously Okay, but it was you know, we can see this consolidation is pretty pretty strong All right, it's up at a higher high. We do not even come back to test 45 yet. Okay, but we're looking pretty poised to now All right, so yeah, we're in a range basically and the range at the moment You know, I mean you can see is down trending just right in this area here But it we're basically just going sideways here. All right Okay, so now let's go to the auction process and take a look here. Okay We're gonna answer three questions We show up to this market We show up to this auction and we want to know what's going on in that auction where the majority of the participants Okay, and that'll be understood by the current configuration of the book and And then we're gonna take a look at how are these participants behaving as price approaches them So do they still do they still have interest to buy or sell at these areas or are they are starting to? Get cold feet and pull their their liquidity at these areas that only that'll be an important distinction Now we also want to understand the context of those areas not just the the participants at one price level What about the areas around it? Are they adding? As price is coming down. Are they adding above some of those higher liquidity areas or are they adding below? That gives us a lot of context to that area Okay, and we'll we'll get into it here and then the thirdly the Large transactions where are they occurring? Okay, that's traditional tape reading and we'll look at the traded volume to see like where the participants are actually Taking a position Okay, all right. So what current configuration of the book? Well, we can see them very clearly here at 45 Okay, there's a 1650 contracts here at 24 45 Okay, so that's where they are on the bid Where are they on the offer? Well, we can see them still here for the most part up at 24 50 Okay, one thing There's a lot of traders in here today Just want to mention I'm using the rhythmic data feed and So you might not see well, you don't see Any sort of limit to the limit order book? Okay, the order book is complete. It's full depth right now. Okay. This is something that is Just coming out. So you might you might see white lines that show an extent of your limit order book And that would be the lit book and every other level beyond those areas are not lit Okay, they are not live. Okay, but now this kind of market transparency that Rhythmic is offering you can see that All of these areas are live So if someone provides jumps into the book and provides really high liquidity up here at 52 for example And offers 1,600 contracts well, we're gonna see that in real time Okay All right now Let's see. I think rhythmic and CQG as well for the comics and the NYMEX provide full book But other data providers I Do not know of any others at the moment. All right, so what anyway? I just wanted to make that note because we can see that these areas up here We know that they are live, you know, even though they're pretty far away from my current price Okay What else? We see traders are starting to show some interest here at 48 as you can see that they're starting to They were here earlier at 48 and then they pulled that liquidity as it got darker and they started to add in a little bit And then and then it started to turn, you know darker gray here. So they're pulling liquidity And now they're adding back in it turns a little bit lighter gray Okay, and you can see we're channeling between those two areas right now in the book All right, so that is the current configuration of that book Okay. Now the second question here. How are they? Participating as price approaches them. All right, and we can answer that question too okay, so Well, we can't answer at the moment because price is right in the middle However, there's some of these previous areas to take a look at that Okay, so let me click on the hand tool. I'm going to zoom in here. I will take a look Okay, so when the current configuration was a little little little different here They were up at 4550. We can start to read this auction Okay, you can see that they were adding and pulling in this area. There was some buying interest okay, but This this buying interest here Wasn't so bullish You know, we can see that they pulled here and we can zoom into this exact area and understand exactly what's going on in this auction Okay, price starts to come down. They start to pull Okay, that's showing rather bearish behavior. They don't want to be a buyer any longer Okay, in fact now they're adding here a tick lower Okay, so that's a 25 45 and a quarter All right a little bit of spoofing activity as well You know a skew in the book with higher liquidity here very short term high liquidity Okay, you combine that with some of the aggressive selling and you can see what what happens Okay, so we're reading this whole area here and putting it into context All right, so first off higher liquidity here well first off was the Liquidity here at 50 was a 45 50 was pulled They skewed the book with higher liquidity here on the offer and we see that they continue to hit the bid with the aggressive selling Okay, now a Lot of times you'll see that this can be the initial cascade for a nice move to the downside And then you might see a flip of the book here at that area. Okay. They were here on the bid They would flip to the offer looking for a pullback to that area Instead we only come down a few ticks and these guys jump back into the book All right, and you can see that same behavior here again occurs Okay, and they're showing it's high liquidity, but it is new into the auction and you can see that You know price, you know veers away from it it needs to kind of Recalculate a value and in this area here Okay, and again same same type of a cave behavior that we see here Okay, and now we're starting to as we go forward here start to read a little bit better Okay, now now they're becoming more interested a higher liquidity Okay, so you can see here was we went from 1,300 contracts here over to now 1,400 almost 1,500 Okay, and they started a pull and then right here. This is new a new skew in that auction from 1,400 contracts to 1,700 contracts Okay, very briefly and then they pull and go one tick lower So now understanding this area is like well, you know, they're not they're not really that interested in buying I mean they're more interested than they were before because they are providing higher liquidity here But reading the context of this auction Doesn't give us that insight that they really want to buy The behavior we would want to see if they really want to buy would be that not only would they Provide high liquidity at for example this 45 and a quarter area they would The areas around it and above it especially would start to get aggressive you would start to notice those areas As providing high liquidity and then that would show very bullish behavior All right instead. We don't see that Okay So let's go back and what has unfolded so far Not much not much. Okay. We're still just caught right in the middle here all right Okay, here we go. Maybe we get a this push down into into 45 right now Let's take a look And then as we're watching this here, we're gonna get to that third question All right, and that is transactions. Where are they occurring? We want to gauge the intent of the trader not the intent of the traders Actually where they're positioning themselves. We've already gauged the intent with the first two questions here. Okay Okay, so here here here's a as we zoom out we can see that behavior again Okay, providing higher liquidity, but at lower areas here All right, and this does coincide with our a level we saw in that higher time frame Right. Are we going to it gets back to that that question we originally asked About this this level here at 45 and in a half Are we going to accept or reject into this new? Breakout area of all-time highs here. Okay, if we don't well We might fall right back down into and find maybe buyers down here At at 40 around 42 or maybe down here at 40. Okay Any questions on that Understanding this process understanding what we're looking at And then how to how to integrate that within not only the Microstructure here that we see but also our higher time frame. Okay just a moment here there's something I want to Since so we've got a lot of you guys in here today. I want to run a poll And We launched this the other day this poll here if can you guys see it? We're just looking for Some of your interest here Since now we offer the equities you get get your feedback on this right the Are you interested in the? Futures or or just the Equities or or both or are you looking for other markets that you'd like to see book map cover? Okay Okay, well Yeah, it looks like futures is winning the battle so far So you equity guys if you're interested in voting that you might want to get in there and support that direction Okay, give it a few more few more seconds here. All right. Thanks guys One more. I'd like to to go over with you since that's the first question For you equity guys Like to and and futures and not just equities here This is an important one all right, so Which brokers would you like to see in book map? And we've kind of boiled it down to a few different brokers here and and all three of these as well they they they offer Futures so you futures guys this is going to be important important one as well Which direction you'd like us to to support? Yeah, I mean this would be really good because You know then you guys could either either would either one that you want there any of these brokers You're gonna be able to get your equities US equities data as well. All right a few questions here. Okay? Let's see a question about being able to connect to other exchanges Well, let me let me cover that here. I'll let you guys finish up with that poll and then I can cover this the Take a look at book map comm and under connectivity. You'll see the Data providers that we support okay, if those data providers offer access to other markets, you know in the Asian Some of the Asian markets or maybe Indian markets that you're interested in trading or maybe South American markets then you know Then if you can get that data through through them then you can access it in book map All right Axel you want me to talk about thinner markets. Sure Okay No, no not API data You know, I mean we are a platform Okay, just like any other platform, so you can connect book map directly All right, so the I mean there are a few different platforms that we use the API to connect for example Ninja so NTT right so what you can do as well as interactive brokers the trader workstation but With ninja for example, if you're accessing Those other markets through ninja will then connect book map to to to ninja And then you should be able to see those those other markets within book map John how can you just adjust the size of the of the dots? Yeah, that's that's a real easy one Click up here on the studies configuration. Click on volume dots. Okay, and the dot size is here Okay, I Just leave it on there on there on the Default setting so that most of you guys are gonna be looking at that default as well Okay. All right. Let's uh, let's oh, I'm sorry. I'm not sharing my screen. All right. Hold on just a minute here I'll close this Okay. Thank you. Thanks for participating in that And let me share my screen Okay, there you go Okay, so John here you go studies configuration volume dots and then the volume dot size is right here Okay. All right. Well, let's let's come back and take a look what unfolded as we're going through those Those poles all right, so, you know, here's the behavior. Okay, and we we witnessed it earlier, right? We started to gauge it. Okay. I mean they did come in with higher liquidity at this area at 45 All right, we also started to gauge their intent though at this area and we can we can just read it And we're putting it together Okay, and then here here here's answering that second question emphatically Okay, they're pulling Okay, price is starting to come down toward them. It goes one tick lower here That's all it took and they put they start pulling the majority of that liquidity All right, and now they're down here at 43 Okay, now we go through that process again current configuration of the book at 43 and then Yeah, it's Have to bring down the settings here a little bit to look for where they are on the offer and Yeah, I mean there's still way up here Right the majority of it and we see 48 is still in the game, I guess but that might be the next stop All right, and and then we'll go through that process again. What what about the transactions? Okay, where are they taking place and It's kind of you know, it's kind of both sides I mean we see a lot of buying here in this area There was the potential here right in this area here for the reach this test of coming up to to 48 All right, just by the transactions we can gauge it all right Reading that tape and then you can see though Well, we can we can start to read that tape a little bit better here as I zoom in Look at the transactions that took place at the little highs here. Okay, these these swings to the high here and We can see that there was there was very few Okay, there's also very few on the lows in this microstructural area here Okay, so that's why we're going sideways There's really no interest on either side here and that's where we want to gauge the the skew in this random walk of price in reading the tape Okay, we can see that Here here here the story started to change just a little bit Okay, and maybe maybe here gave us some some clues, but you know, this might be a little bit better here Now we're having there's some green dots starting to trade up here Okay, aggressive buyers are starting to get interested and they take it just to tick higher Up into 47 and then that's it, you know, they're not interested in testing or Reaching that higher liquidity here at 48 Okay, it basically the buyers exhaust out Now for exhausting we want to we want to see more areas like this like there's no trading up here Some of it some trading up here. I mean this it starts to look like maybe, you know There's a potential here to to go higher But instead we go sideways a little bit more and then the very aggressive sellers They jump in and hit the hit the bid pretty hard Okay, and we come short of making the low but then volume starts to trade down here Okay, we start to note now in this area here a Little more selling than buying Okay, and that is the shift in the order flow that we can see in this area here All right, and and especially I would say down here. Okay note the More selling down at this lower here area here. And now this is microstructural, right? and You know, we're kind of going back and forth here But it's after something like this We're looking for you know, maybe return back into where it exhausted previously That would be here Around this 46 and to see if buyers are still interested or not And let's we can read that right now Okay Right now. It's no. I mean, there's there's really no no skew that I can see I mean, I still see there's more selling here in this area Compared to buying these guys at 45 they jump back in as well. Yeah, really it's Yeah, not not too not too interesting here not not too much to cover at the moment And we do see now, you know, we came up here and there was a little bit of buying now The buyers are starting to accumulate a little bit, but but so are the sellers Little bit a little bit more buying than selling. Anyway, I think that pretty much wraps it up, you know, we Keep an eye on this want to keep an eye on this 45 area due to our higher time frame also the microstructure here and and then where we broke out from That we can see here in the at the 930 open. Let's see where exactly is that? Okay. Yeah, here's the 930 open here Okay, so Now is that consolidation area that we're looking at our higher time frame here? Okay, and you can see that the buyers are lining up here at 43 All right, so they're looking to buy and support any pullback into 43 Hey, but you know, we need to wait again until price comes down into that area Okay All right guys, well, let's let's wrap it up and And note again that this will be the last webinar for the month And we'll come back with a new structure that we really think is gonna gonna enhance your Integration of order flow into your trading. All right, and that'll be first webinar will be July 5th after the Independence Day holiday here in the US All right, William. Yeah, you're welcome Let's see any last-minute questions. If not, then we'll wrap it up and then that's that Okay, Axel thinner markets. I'm sorry the Yeah, book map shows very nicely The thinner markets is the same story. It's just that You know with they're more volatile because they're thinner so you get more price action and movement But the same process we've used in gold and oil you know understanding the the auction and Understanding the the intent of those traders in that auction Okay, a lot of times what you'll get though is see here at 45 How we came down here and kind of stopped and then you know rotated back up Well, you you'll get more of a push through and then a more of a pull back To where it broke in those thinner markets okay Yeah, is it possible to reset the the? Columns absolutely. In fact, we have some new features here in in book map 6.0 where you can Just right-click in the column here. Okay, so this is the CVP. I'm looking at this chart range here of volume that has traded and I'm gonna right-click in this chart and then I'm going to go to reset here. You can reset it now You can reset it on a double-click All right, or we have other options here for Configuring the reset you can schedule a reset at a specific time like at 9 30 the US cash open or you can have it Set or reset every single, you know period You know it could be hours minutes seconds, etc Okay, there's also a new reset here conditional reset and what this allows you to do is You know, you're studying an area here like like this is a this is a great example. You're under you're studying this Really nice single distribution that you can see here as we're going sideways And you know if you see something trade outside of that area and You don't want to reset though But it trades out very quickly and then trades back in well then you know, you can have it as a you can have the conditional reset trade I'm sorry. You can have the conditional reset occur Where it you will need to have more than one trade in a matter of time Based on the inputs there, you know two and a half one second on up to five seconds If it trades and it starts to accept below an area is the idea here then reset, right? And then we're looking for a new structure here a New structure to to occur down in this area Okay All right guys. Yeah, thanks a lot and we will catch up with you in July then okay, so enjoy your Your summer here and we'll come back and I hit it hard with a real new Structure that I think you you guys are gonna really embrace. Okay. Yeah, take care. Bye. Bye