 Okay, we'll take a look at the order flow today in Bookmap. We had the non-farm earlier, so take a look at some of that action as well. And starting with the risk disclaimer, trading futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. Okay, for more information about Bookmap, you can go to bookmap.com. We'll take a look in just a minute. Become a member there. You'll have access to a lot of the free resources, and the way to contact us is through support at voloxpro.com. If you want to give Bookmap a try, under the pricing tab at bookmap.com, you'll find the basic in the advanced version. 49 per month and 99 per month, respectively. They are billed quarterly, and you get a 14-day trial period with it, though. You can utilize this, check it out, see if this is something that works for you. You're in the webinars right now. That's very good because there's... Bookmap shows a lot of information, a lot of data, and some of this data we're not so accustomed to as traders. We've never really looked at historical limit order book. And Bookmap shows all of this. In fact, I'm just going to jump right in here. And what do I mean? So looking at a dome. Most of us are accustomed to looking at a dome in Bookmap. We can see the best bid and offer here. In fact, let me bring up a dome for the ES. Okay. And we're going to compare it right away. Here's your dome in the ES. Here's your best bid and offer. This is your level one data. Okay. Here's your last traded volume here. Here's your depth on the bid and your depth on the offer. Now, what is this telling you here? What is this showing you? I mean, this liquidity here, I mean, this is the market, and this is the current state of the market. However, these numbers here, they're constantly changing. And you're not going to have any kind of reference to what's going on at some of those levels. All right. In Bookmap, we visualize this data historically for you so you can understand and now utilize this depth of market data where in this sense right now, it's rather challenging to read and understand. It takes quite a bit of effort and quite a long time. Okay. In Bookmap, when you look at it here, here is our dome here. Right. Best bid and offer right here. Okay. Last traded volume right here. Okay. And here's your depth on the bid down to this white line and your depth on the offer up to this white line. Okay. But we give this liquidity here a graphical representation in this window. This is the current market window. Okay. And then we take that graphical representation though and we record it and we project it onto the chart historically. So you can see the auction. You can understand where they're bidding and where they're offering. You're now starting to digest and consume data that is outside of the historical transactions and best bid and offer. Okay. It's what's going on outside of those transactions, where they're bidding and offering. And you can start to understand the intent of these guys, like these guys here, starting to pull their liquidity okay. But down here at 2350, they're staying in the book. So you start to gain information. Look at them get with high liquidity here just above 52. Okay. Skewing that auction and maybe we'll get a push down into this 2350. Okay. And we're putting the pieces together here. Right. That's what Bookmap is going to allow you to do. All right. And that is rather difficult and rather challenging to ascertain from just this dome here. Okay. So anyway, shake it up a little different than I normally cover. But that's the advantage that Bookmap can show you and we're going to get more involved in that process in just a few minutes. Okay. I just want to show you guys a few of the other resources at bookmap.com under the education tab. All of these webinars are recorded. You can find them under this link here and you click on the playlist here. That'll take you to our YouTube channel. And you'll find all of them here. In fact, let me open this up here and I want to show you just that playlist. Okay. This is actually maybe a little more helpful because it lists all of them from the top down. And I'm going to put this into the chat for you if you want to go and review some of the recorded webinars. Okay. This is the one from yesterday. Now I lost the data for the other two days. So it's just Monday and Thursday for this week. So it's really a pity because we had a nice webinar on Wednesday. But anyway, let's move forward here. Other resources. There's another playlist as well for these Bookmap order flow video snippets. Again, those can be found under the playlist here on our YouTube channel. And where is it here? The Bookmap order flow right here. Okay. So let's click on that one. I'm going to put this into the chat for you as well. Okay. I would highly encourage you to watch these and understand the concepts within some of these videos. They're very short videos. They're just a few minutes each. And you can see here, this one's actually pretty long. Four minutes and 44 seconds here. This one is actually, these two are pretty long as well. But you can see the majority of them are around two to three minutes. So anyway, we look at the market phenomena here in a very concise manner. And it's the same thing that we go through during these webinars. Except these webinars, you can answer questions or ask questions. We can look at many more features and many more market phenomena in Bookmap. But these will cover very specific market phenomena. And then you're able to digest that and then move forward with Bookmap. Understand what you're looking at, because you're going to see it repeat again and again. It's just how these markets are. So let's move on. And let's start with integrating Bookmap in order flow into our macro view. Or we'll start with a macro view. Then we're going to look at the microstructure in Bookmap. And then we're going to look at the order flow. So those higher time frame levels is what's of interest. And regardless of how you trade, it really doesn't matter. I'm just going to use some very simple techniques that most people can understand. And it's not any sort of trading plan or approach. It's just looking at some levels. And then we're going to look at the microstructure. You'll understand what I'm talking about here in just a minute. And then we're going to look at the order flow. And very objectively, we're going to read this. And that's going to give us insight to anticipated moves. And we'll see this in real time. And that's what these webinars are about, is being able to understand how to utilize this tool and answer your questions. And this is going to allow you to pinpoint your entries, your exits, and your trade management. So we'll get into reading the order flow here very objectively in just a second. But let's start with those higher time frames. So I'm looking at the ES here on a 30 minute chart. You can see that we had this was post market yesterday, overnight low down into this 2336 area. And then we had non-farm this morning right here. No, that's the open. I'm sorry, 830. Here's your non-farm candle right here. And you can see we're just getting bashed back and forth. It's looking pretty wicked out there today. You can see the nice little move above the high here at 930. The overnight highs, that is, not the session from yesterday. That's up here at 61. Nice liquidity grab up in this area for anyone who is placing their stops down here. And we come right back into the middle of the range. And we trade almost right back up to the top again. And now we're back in the middle of the range. So we're all over the place today looking at this 30 minute chart. Let's see if we can get any more insight looking at the five minute chart. Wow, not much, not much at all. We're just going back and forth. We can see the buying here down at this area. So we're going to just draw a horizontal line in and look at what the... If we come down into these areas here, we're going to look at the order flow. So around this 46, maybe on up to like 47, 48. Kind of a zone there we're going to look at. So let me draw that in. And you can see we came back up here and sold right back off. So we're going to see a nice big volume profile. It's going to be nice and fat in the middle with a single distribution for today. So we may see a break of that today at some point, but we'll just look at the order flow and take a look. So these are my levels of interest. It's basically the highs and the lows. I don't really see anything else in the middle here. Maybe, we did get the retest already, but maybe around this 53 area. Now let's take a look at book map. Let me zoom out. Here is our 930 open. Here's that big move to the upside and that pretty dramatic move right back down and then right back up again and then kind of in the middle here. Here's what the liquidity looks like around that 47 to 48 level. They're actually up a little higher here at 49. And this heat map is not giving me a real good reading here. I don't like it. It's a little too bright for me. So I'm going to come up here and click on the contrast configurations. I'm going to bring up the white cut off a little bit. And I'm going to bring down that brightness. And let's play around with a little bit more here because we're looking at some pretty high levels of liquidity here and just not getting a real good feel for it yet. Usually it just takes me a second here to get this adjusted, but today I want to zero in on what's really important. I don't want to see some of that shorter term liquidity here. So for example, this is giving me pretty good insight. Look at this 2350 level. We've got the figure here 2350. We know there's going to be buyers down here and there's going to be liquidity here. Just because of the figure came into that, traded through it a couple ticks and bounced, came back down, retested, and looked at the volume that traded down here. Not a lot. So compared to previously, so you can see we rotate back up when we get a nice cluster of volume that traded up here now. Okay. So at this moment, in fact, I'm looking for an extension here to the upside. Just based on what I'm looking for and putting these pieces together, liquidity filled, retest, not too much volume, more volume trading up here. And now what we need to see is some more aggressive buying coming in here and maybe we'll get a push here on up into I don't know, around 53 or 54. Okay. Now you can note here as I zoomed out, as I zoom out, this liquidity down here at 49 starts to show. As I zoom back in, it kind of disappears. That's because this heat map is always making the calculation based on what's in my chart range. So you will need to adjust this. And like I said, it doesn't take much. In this case, I'll just bring down that white cut off a little bit and voila, there it is. So that's all it took. And it's giving me pretty good insight now. I like this view. I was mentioning 53 and here they are. Other traders have this idea as well. And they're already providing liquidity there. So now we need to take a look here and watch and see if we get some nice green dots here that will move right up into that 53 area. Starting to see lack of trading at this point, in fact. Look at the green dots up here, not too big. So we're starting to read the tape here. This isn't about the auction. The auction is happening between 49 and 53 right now. But we're reading the tape at this point. Here we go. See now, look at how that auction actually shifted. Look at how they jumped in here very quickly. These guys at 53 polled. They jumped in here very aggressively with 929 contracts. And look at that effect that it had on price immediately. We see those green dots with a sharp move to the upside of just three ticks just in an instant. And that was due to a skew here in the auction. That helped that. It's not 100% due to it. Nothing is, but you just have to think about this as being an auction. And when you see more aggressive buyers into the auction, jump in just like this, just like right now at 51 and a half. And you see the seller starting to pull. Okay. Well, you get an imbalance in that auction. There's more buyers than there are sellers. It's starting to chase price to the upside. The green dots that we were looking for. Those are starting to occur. We haven't come back and tested our 53 area yet, but this is exactly what we were looking for. Okay. Based on our previous analysis, very objectively, just looking at this auction. Okay. Any questions on this? We go over this every day and putting these pieces together. Okay. It's basically just almost like a deductive argument or reasoning here. Okay. It came shy of our 53 area. But we'll continue to watch here if these guys mean business. So sellers are starting to, they were here earlier. They're starting to flash or show that higher liquidity every now and then. And the market's taking note of that. Okay. So let me go through that in this process. Okay. This is the process where we go through just to understand the order flow. Okay. We started from that macro view, looking at our higher time frames. We started to analyze the micro structure and then looking at the order flow. In this order flow, we actually started with this number three part down here, reading the tape. That's not true. We actually saw the high liquidity at 2350. And we saw that it was filled. And then we saw a retest of that area. And there was very little volume that traded down in that area. That's when we're starting to read the tape. And then we saw a move to the upside. We saw more volume trade at a little higher area. And that's when we started to put the pieces together for the tape reading. But it all started from that 2350 area. And we're looking at where are the majority of the players and how did they behave? Okay. And that can be answered right here. Okay. High liquidity. How did they behave? They stayed in the book and they traded. Okay. And we know that. Look at the transactions that took place here. It's almost all selling, aggressive selling, hitting the bid. And they got all of these, all of these traders here got absorbed. Okay. We can hover over this area. Not a lot of contracts actually. You know, over almost 1,100 contracts somewhere around there. And and then you can see that they got filled. And then we see the aggressive buying coming in. Okay. Get our retest here. And then it's this cluster here that we're looking at, right? Looking for that extension. Okay. And then we saw the imbalances here. Again, reading the auction at this point here as well. Okay. We were looking for those. We saw these imbalances here in that auction. All right. And combined with reading that tape. Okay. And here we go again. Okay. So now we're testing our 53 area. Let's see if these guys start to jump back in. Right. I'm still looking for 50 up here, you know, 54 basically. Okay. Any questions? Really, I'm trying to cover this very, very objectively. This isn't wasn't a crystal ball. It was just putting these pieces together and understanding the transactions and understanding the auction. Okay. And we were starting to anticipate this kind of move. And here we go. Okay. We're just getting up to the 54 area now. Now here, here are the sellers. Okay. We found them. And they're starting to jump in really aggressively here. 53 and a half. Okay. Look at the look at the big, big transactions taking place now here. Okay. Now these guys are staying in the book. 1,500 contracts. 1,550 contracts. Look at how aggressive that is. Right at the best offer right now. And primarily our large lot tracker is showing that primarily all of this here is one individual actor. Okay. It was showing that. Okay. It's not now at the moment. Okay. And we're, we can answer very, I mean, just emphatically here. Do these guys want to trade? And answers absolutely. They're trading. Look at the transactions taking place right into this very, very high liquidity. And look at now, we've traded. Let's zoom out or zoom in a little bit more. We've already traded 1,100 contracts here. Okay. And there's still 1,200 and something. I mean, these guys are, their intent is to get filled. And they are getting filled right now. We can see the transactions, the green dots taking place right into that liquidity. Okay. This answers that second question for us. That second question is how do these participants behave when price approaches them? This goes even a step further. Not only approaches them, trades into them. Okay. And now look at the very, very aggressive buying here take place. Okay. Potentially a little bit of spoofing type of action right here at 53. All right. And these guys are now, now short. Okay. They got their fill here. And they got what they wanted at 53 and a half. Okay. Let me cover this area here again. Okay. Making up for a little bit of lost time yesterday with the, going over the CVD, the cumulative volume delta that we covered in detail yesterday. So if you guys want to review that, then I would recommend watching yesterday's webinar. Okay. That's up on the YouTube channel. Okay. So that spoofing type of action. Okay. So obviously these guys wanted to get filled. Right. We already answered that question as we saw they stayed in the book and they were trading. Just a little bit of a push here. Right. 1856 contracts here at 53. Okay. This was before they were filled. Okay. And look at this action here. Just great to see. Okay. Very, very aggressive in that limit order book. Okay. All of a sudden a skew in the auction. Here's your skew. This is what this looks like. It would be better to see it even closer. But it's one, two, three. It's four ticks away from the best bid. Okay. It's pretty, it's still pretty aggressive. Right. At this point here, it was one tick away. Right. Here's that high liquidity. And then all of a sudden, you know, here's what this picture looks like here. And then all of a sudden, boom, there are a lot more buyers here. We're not a lot more, but there are more buyers than there are up here. Okay. See that this is what I mean by skew in the auction. Okay. Skewing the book. Okay. And then we see that these guys, they even added more in. Okay. And look at the skew now. Look at all these buyers. Think of your farmer's market. And all of a sudden, there's all these buyers. Okay. And there's, there's supply is still the same. Or even less supply. You know, what happens when there's more demand and less supply price goes up. Okay. All right. So the, the, the, and what I mean by spoofing type of action is starting to understand the intent of the traders. Okay. Of these buyers. Did they really want to buy? Or was this as high liquidity to, you know, skew the auction, make it look like there was a lot of buyers that would be spoofing. Okay. Well, they're very aggressive here and no, no one, no one ever tested them, but they, so how are you going to prove that this is spoofing? But you can see here that they didn't stay in there for very long. They were in this limit order book for a little over 10 seconds, you know, somewhere around 12 seconds or so. And then they, then they bailed and jumped. Okay. That wasn't like these guys. This is, this is the difference in the distinction between that, that high liquidity that you see in that limit order book that does not have the intent to trade compared to those that do. Okay. These guys here at 53 and a half had the intent clearly to trade. Okay. Because look at them. They are actually trading at this point. And then, then we traded through them. Okay. So what's going on now? Okay. Where's price now? Okay. Well, these larger traders here, they got, they got their trade on. Okay. So we know that larger participants are short here. And we can clearly see that potentially more spoofing here as well. Very high liquidity. Very short term. Okay. Followed by a nice little cluster of volume up in here. Okay. So you can, you can start to then put this in pieces together. Okay. And then, you know, I don't know what kind of other software is going to be able to show this. You can be able to show this so, so visually and so, so clearly, but you're starting to understand this zone. Okay. And this is where they, we know that there are sellers. Okay. All right. So where are the buyers? Well, that higher liquidity is down here again at 53. And where are we going? Okay. And these guys are actually starting to pull some of that higher liquidity as well. And they're down here at 48. All right. And let's, let's, let's take a step back now. Let's take a look. It was our bigger picture look like. Okay. We were looking for, well, this was, this was the area here. Let's see, between 46, 47 and a half or so. So a little bit lower. Right. But this is the swing here that we saw at 50. Right. So, you know, and we knew that there was going to be high liquidity at 50. Okay. So that's our line here. And now we're just kind of, we see a little bit of back and forth at the moment here. Okay. Okay. But, but we know, we know that these, these guys, you know, they sold. Okay. All right. Any more questions? No, Michael, I think you'd asked me this before. It's not possible to extend that rectangle, but I did put your suggestion in. Okay. So the development team has taken a look at that. The way I would recommend doing, doing that and, and the way I've done it on other, other platforms is, you know, you just got to put in your horizontal lines. And that's, that's basically it. You know, a couple of horizontal lines, and then maybe, maybe you'll, you'll be able to draw in your, let's get to it here. You know, something like that. Right. Let's see. Once you up to the newest beta version, waiting for the beta version. Well, the, it'll be here shortly. I mean, I still don't have a release date for you guys, but it will be here shortly. Okay. They are still, still working on it, but it's, it's got some really nice features in it. Okay. Pretty, pretty, pretty important upgrade. Okay. So let me get rid of a few of these lines here. All right. Okay. Interesting stuff. Okay. So we're getting bashed around here a little bit. Okay. We're coming right back to where these guys were selling. All right. So I'm, I'm keen to know what, what, what unfolds here. And I'm just watching and waiting. I'm, I'm looking to see what unfolds here. Okay. So, you know, to me, like, now we're starting to, okay, here, here we go. I mean, look at them getting aggressive here again. All right. On the, on the bid. Okay. With, with higher liquidity in these areas here. Okay. Look at this algorithmic activity right here. Okay. I guess it's, I don't know why we're seeing this so clearly today. I guess it's because there's a little bit less liquidity here. We're in the, you know, kind of mid to high hundreds. Whereas in a regular day, we'll see into the, the high hundreds and, and, and thousands of contracts. Okay. But look at, look at how clearly we can, we can spot this here in book map. And this is pretty indicative of the, what's been a long week, looking at the, you know, the less, less liquid markets like oil or gold or something like that. You can spot that high liquidity very, very easily and you can understand their algorithmic activity just as clear as this. Okay. I mean, we're pretty, pretty sure this has got to be the same individual actor with these, you know, 1100 contracts here. Okay. 1161. Now, not all of them are that actor. Right. In fact, our large lot tracker showing like a little less than half of them are that one individual actor. Okay. Pulse of liquidity from 52 moves it up a tick, then pulls it from there and moves it up one more tick at the same time. Okay. And that's going to be skewing this auction. Okay. Again, of, you know, understanding that skew and look at, look at very aggressive. You're back at 53. Okay. And they're one tick away from the, from the best bid with high liquidity at 53. Okay. Chase the market right up. It's probably going to scare price away. Not didn't. Okay. They're still, still here. In fact, it did come into them. In fact, look at this little area here. It was the, this high liquidity was the, the best bid for, for a moment here. Okay. So is that spoofing? Well, not, not really at that point. Right. I mean, they, the intent to trade is they're showing intent. Okay. Now they pull here. Okay. Let's see here. A few more questions and then we'll wrap it up and call it a week. Is there a way to eliminate the lines on the chart? Yes, there is. Seth, my, my large lot tracker settings. They are default. Okay. So it's just that, oh, they weren't. Okay. It was a little off. It was like 15% maybe and then 10%. Okay. But yeah, it's, it's, it's default now. Right. So 20% and then 10% here. And then Robert. Okay. So let's, let's eliminate some of these lines here. Okay. So let's click on the, on this tool, configuration tool here. Okay. And horizontal grid. You can take that off as well as vertical grid here if you want. Right. I prefer them. So I keep them on. But anyway, pretty interesting. Again, you know, we're seeing, I mean, just reading the tape here and the order flow. I mean, now we're, we're channeling between these two high areas. We know that there's sellers up here. Okay. But we're seeing a lot of buying interest too. Right. So, you know, maybe these guys were covering from their, their buys. And, and maybe we see re-accumulation. I don't know. You know, it's or, you know, we, we, I mean, these guys, there's, it's still holding pretty, you know, pretty strongly. They haven't traded through these guys yet. Right. Or maybe they even want to get more size on up here. Well, we don't know, but we're going to read, we're going to read the auction and we're going to read the tape. And we're going to put it together. Okay. We know that they're here. Okay. Now, if they're getting positioned here, and they're going to flip out if price comes against them, we're going to see a nice move to the upside. Okay. These guys will fuel the fire up to the upside. All right. Or, are they going to continue to add in here? And then we'll see a retest and get our retest to 50. And I imagine even below. Right. I'm kind of banking on that one right now, to be honest. Or not banking, but I'm looking, I'm starting to anticipate some of that. And the reason being is, well, actually, the, the, yeah, being objective about it, we, we really don't see much right now. I need to see right here right now, I need to see some, some pretty big red dots take place. And I want to see these guys lower the offer down, maybe to, you know, 53 or so. Okay. And then I'm looking for, I want to see them hit this bid really aggressively right now. Okay. That's what I'm looking for. And this is not very aggressive right now. Let's see, Frank. Welcome, Frank. How do you get two circles in the lower right hand corner? Okay. Just click on, this is for the indicator panel for the CVD, which is part of our new API and book map, where you can write your own indicators and automated trading strategies. Okay. It might be closed. So what you need to do is first, under the API here, select CVD, okay, the cumulative volume delta. And then you may need to open up this panel. Okay. It's underneath the price ladder here. Just click on the arrow and it'll open up. And then you click on the little sprocket here. Okay. And when it's blue, it means that it is displayed and showing. All right. So there's two different displays here. One is actually for the display in the indicator panel. And that is this icon. Okay. As you can see the green line disappears. And then the other one right to the right of it is for the widget panel here. And you can see that that will display or not. All right. Let's see, Robert, can you take the lines drawing off at once? You have to do them individually. And if the line, so Robert, these are maybe trend lines or horizontal lines that you drew. Is that right? If so, then you'll need to delete those individually. There's no a delete all button for those. Okay. Yeah. And if it's higher than what you can see, well, there's a few different ways. You might be able to do it by just, you know, if you hover over the price ladder and then left click, hold and drag, you can kind of squeeze and expand the chart vertically. Or if you right click on the on the chart, on the price ladder, okay, and let's select re-center as none. Okay. And then I'm going to hold down the control key here. Okay. And note that my double arrow turns into a hand. And I can left click, hold with the control key down and I can drag up. All right. And then you can, you'll be able to delete it that way. Okay. If you want to get back to where you were, you can either, there's a few different ways. You can double click on the price ladder and that will re-center it automatically. Okay. Or let's go back to where we were. Okay. Or we can right click here and we can go to one of the other options. Okay. We can go to re-center last price, re-center now, or we can go re-center auto. And I kind of prefer the auto. I like the way that it does this. I can still see all the microstructure within my view here. Okay. Let me close on Friday. Likely to be slow the rest of the day. I have no idea. Michael, I see nice cluster of volume that traded down here. And, you know, we haven't seen anything today so far, even on the higher time frames. Look at our volume profile. Right. It's just that one nice big single distribution. Okay. The VWAP is right at basically the point of control. Okay. But we'll see. You know, I mean, I'm still looking for 50 here and below to get tested. Right. And just based on what we saw earlier, these guys getting positioned up here. Okay. But I'm still, I mean, we can see that they're still in. Right. But I'm not seeing any kind of insight here. Yeah. I mean, they're starting to pull here. Okay. That we noticed earlier. Hey, that's good. Right. I want to see them get more aggressive with their offers and lower them. And I want to see big red dots. And this is exactly not it. Right. This is not what we're looking for right in this area. In fact, at 51, they're starting to come back into the market. Okay. So this isn't giving me that insight that we're piecing together by reading the objectively reading the auction and when the trans transactions. Okay. So we're not really getting insight right now. Okay. So at the moment, this is what we know. All right. All right, guys, we'll have been going for 45 minutes. Let's call it a day. And we will catch up with you guys next week. If you want to register for next week's webinar series, let me show you where that is. Okay. In fact, maybe I can put this into the chat for you as well. Hold on. Okay. It's when you come into your portal area at Bookmap, you can click on this button here, register for webinar. For those of you who are not members, let me put this into the chat for you. There you go. So you can click on that link and then register. All right. All right. Yeah. Thanks, Seth. All right, guys, we'll have a good weekend and we'll catch up with you on Monday.