 Good morning. Good afternoon traders. Welcome to the DX feed book map webinar here. So We do this every couple of weeks and go over connecting book map to US equities and trading US equities and the the competitive advantage you get With the data visualization in book map. Okay, so that's what we're gonna go over and risk disclaimer here Trading equities futures Involves the central risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results alright a Little bit about me. My name is Bruce Pringle a trader for 10 years in a variety of different markets order flow specialists here at book map lead the book map trading education and With expertise here in order flow and market micro structure Our Twitter handle at book map underscore pro You can also follow us on YouTube just search for book map and then you can reach out to us at support at book map calm All right, so let's get back to the title of the webinar here get a competitive Competitive advantage now. Okay, so pretty bold statement. How are we gonna do that? how we're gonna Deliver on that one by the end of the webinar here. Well, we're gonna be able to show Market liquidity all of it the full depth using DX feed book map and With US equities, that's gonna be a real nice advantage for you. Okay, you're gonna be able to see immediately just at the beginning of the Cash session or even pre-market You'll see where larger players are already starting to line up in the book and it can really start to outline your day Okay, so right away actually we can deliver on this promise here in just a couple of minutes to be honest But we'll go through and start to explain some of the elements here in the book map chart so you understand what you're looking at and start to understand the visualization and how to read it and that's The advantage you're gonna get as well. Okay by understanding the mic micro and macro structures in book map Okay, we're gonna be able to read the algos the larger players and We may look at a couple of examples of some traders here But we're definitely gonna jump in and look at the live market And we can also set some orders to show that you can trade right from the book map chart Now if you guys have any questions just Ask in the questions section there and I'll be happy to answer them. All right, so Here's here's book map and we're looking at Apple and By the end of the webinar here, you'll understand what all the elements here are How you can start to spot some advantages here and start to anticipate where price might go Okay, and let's just give an overview of what DX feed book map is it's a trading platform We connect with DX feed through interactive brokers as well if you want to trade right from it and What book map offers is unique visualization. We're software. Okay DX feed is the Data that you'll connect to us equities All right, so now when you subscribe to book map though you and get the DX feed it also allows for connectivity to futures and digital currencies So there's three types of markets that we will connect to okay, and the data for the digital currencies is free For futures though if you want to do that you will need to provide the data for your futures futures data feed Okay, so we'll kind of gloss over this one here how many of you use a dome and Just continue to move on here And start to talk about market data Okay, and the importance of market data because it's really looking at the Triangle over here of the pyramid Data is the foundation Okay, based on data We're going to extract information Okay, and that information that we get from the data Is going to allow us to start to make conclusions and and build knowledge Okay, when we start to build that knowledge and put all the pieces together now We have wisdom and we can start to anticipate Movements and and put all of those pieces together now traditional charts out there They're only showing really about 10% of the data They're just showing executed volume Okay, and and and the data is the visualization of that data is all aggregated for the most part Even footprint charts, whatever it is you're looking at you're looking at some sort of aggregated bar of data and That really dilutes You know this the specifics in the order flow that you just won't be able to see it You'll just see the candle go up and down and back and forth, you know for You know that that time period volume period You know, whatever the period might be and then and then a new bar starts Well, there's all sorts of stuff within that that we really want to know and understand and and derive knowledge from And then a lot of times the traditional charting platforms They try to make up for that difference with a lot of indicators and studies which are derivatives Of price time and volume and we don't do any of that. We do have indicator Indicators that you can get but the the data that we're showing it's Extremely objective. It's actually very straightforward, but it's showing the complete picture through historical best-bidden offer the Trades or the transactions that took place on that historical best-bidden offer Okay, that's the the executed volume. Okay, and then the the non-aggregated data is through that just best-bidden offer Okay, so it's not it's just best-bidden offer over over history And then the biggest piece here that most platforms miss Or don't provide is the full depth of market. Okay, not only for the current market a lot of them will do that with a dome They're depth of market You know the price ladder, but they they don't do it historically. Okay, so book map does it for both So you're basically you're getting all of the data there a hundred percent of it Compared to just traded volume in an aggregated period Okay, so The period was showing there or the pyramid was showing the data makes a difference. Okay, if you don't have good Good data that the base and the foundation is is pretty bad. Okay. It's garbage in and garbage out So a DS feed book map it covers all US equities You get that full depth of market which I'll explain if if you're new to that and then A very low latency there are servers around the globe and then You have some choices too. Okay, so With the equities, it's a little more complex than futures market In terms of all the different data providers. Okay, so we're offering through DX feed NASDAQ total view and last sale as well as edgex, which is which is bats or you can get the combination of both Okay, so Looking at stocks Here's your your regular dome. It's a little different than those for futures But this is showing the top of the book and the depth of the book. Okay, so on this side here We have the the bid and this side over here. We have the ask and this is the best bid and offer right here You know, this the spread is is to sense-wide We're looking at Green Mountain coffee roasters. I just grabbed it from the web but Yeah, they're bidding here at 24 64 and the offer or ask is at 24 66 Okay, and you can just see the depth of market here at each price level And then you see the number of shares here that they want to be sellers with these numbers of shares here And you can also see the market participant here as well. Here's edgex and here's NASDAQ for example All right, so that's the the dome and The dome is great Because now you can start to see the auction And the auction is important to understand You're able to optimize your entries and the exits and and your trades management. You're able to see the larger players And the professionals are looking at this. So we want to access that as well Okay, now, let's compare the dome and book map with the dome for for equities typical dome for equities Okay, so we follow more of kind of the futures dome or depth of market It's it's laid out a little differently. So here's your top of the book. Okay with the best bid and offer Here it is in the book map here. Okay, so the red up here. These these are shares offered This is your best offer the green rectangle down here. This is the best bid Okay, now here is that the depth here on the bid is what's below the best bid. These are all shares Here that are lined up at specific price levels where they want to be buyers Okay, and then the opposite here on the other side for the for the offer or the ask Okay, the disadvantages you get using the dome here This this type of dome that's the traditional dome is there's no historical view Okay, so when these numbers change and let's say the there's more or less liquidity That jumps into the book on one side or the other There's no record of it Okay, so we don't know what was there before and what kind of interest how long they were there What about other players where they start in the front run or were they pulling and adding behind it? all that kind of information we just You would have to it would be very difficult to remember all of that and try to remember it for an hour so That's the problem with the no historical view And and due to that it's very difficult to read the algorithmic activity Okay, because that happens very very quickly. It's also very tedious to read. We're looking at numbers and text in a chart form here and It really kind of adds up on your You know the mental taxation by the as a few hours go by Um And then there's no there's no context here in terms of micro structure understanding I mean, maybe you can start to visualize it like well it tested up here and it came back and tested there again Now we're starting to have a range form But we really can't see it. You just have to kind of mentally put that together And especially there's no macro structure whatsoever Unless you're just looking at highs of the day low of the day, etc Okay, now the advantages and book map is It shows all of that in a quick graphical representation Okay, and it's a consolidated feed here The the representation. Let's go over it. All right, so we're looking at apple here again and here's here's The best bid and offer down here Okay, and here's our price ladder right here And we know that above here. These are sellers shares lined up to sell at these specific price levels And we can see there's quite a few up here Larger player looks like is up here at this area with almost 32 000 shares to trade up here So what we do is we take these numeric values that are in your depth of market And we transform them into a heat map So Areas of higher liquidity are going to be painted in the heat map. So this orange area here. There's 3,600 contracts here Or shares and then one tick above there's 2200 shares Okay, and you can see that it's a kind of yellow or beige Compared to orange here. So orange is higher. Okay red is the highest. That's the highest amount of liquidity Okay, so that's the scaling in the heat map here when the when the numbers change here In the dome the heat map will reflect that change See these striations that you see here in the market In the historical market that that's the adding and pulling of liquidity So It's 2200 shares. This is beige color. Well, there was more here earlier and it was orange over here So they they probably had around 3,600 earlier But they pulled them So you can see that this dividing line this white line here Is what the current market is is on the right hand side and the historical market here is here on the left side And and we record all of that data. That's where this gets really interesting Because now we can start to read Uh, the the microstructure and then we can zoom out and look at also the macro structure Uh, let's see here. Lorraine the the 40, uh, right here. This is the last traded volume and the 40 in parentheses, uh, is, um, How much it looks like it maybe just flipped here and traded very quickly, uh, to 186 27, but what this shows an aggregate view here, um, you know, what, uh, I'm sorry This is the last one here is 40, but the aggregate view is actually the the white number here Okay, so let's say they continue to trade right at at 27 here Okay, well, you you'll see that this number maybe it'll be 20 the next the next trade that takes place will be 20 This will bump up to 60 Okay, so, um, uh, you can start to understand. Uh, huh. Okay. Well, uh, you know, I understand that the they're they're aggregating Or a lot is starting to trade here, but I can see each individual trade go through as well All right Welcome, uh, all right, let's jump over here and, um Go through the elements Did I go through, uh Okay Let's see, uh, microstructure and then macro structure Let's see is it get a little lost here. Um Yeah, this is the microstructure we can go through here. So this is actually the same, uh, chart It's just showing showing more data here. Uh, so, uh, uh, for moving from this one on it's the same chart You just we're just showing more here Okay, uh, and let's define some of the other elements here So we know what the heat map is, you know, that's the the recording of the dome In depth of market Okay, now the other two elements one element on the book map chart. There's two more Okay, the other one is this historical best bid and offer current and historical Okay, that's uh, the dash lines here best offer as the is dash red, uh, dash green is the best bid and this just recorded here Okay, so you can see this red and green line as it goes back and forth That's just price movement, uh, and uh, and the auction for that, uh, level one data Right now you can see the transactions on that level one Okay, that's that's where um, the market buy orders Uh, they take liquidity off of the best offer and a green dot paints on the red line the best offer Okay, a red dot would be an aggressive market sell order Someone hit the market sell button and they took liquidity off of the best bid Okay, so this 40 right here, uh, someone hit market market buy for 40 shares Okay, and uh, and then this dot is painted here That that's what that's what happens all right So you can see it's very very small little dot, but it's only 40 contracts or shares All right, so that's the aggressor uh went through the uh, uh, the red bubble the green bubble And then best bid and offer and last rated volume All right, now we can also start to see the uh, a microstructure here All right, so uh, uh, and what do I mean by microstructure? Okay, so I was alluding to it earlier We can see these areas here of consolidation and then a break of that consolidation Comes back up and tries to trade it does trade back into this little micro range here, but the Was not able to hold it. Uh, in fact, you see some exhaustion here Nothing traded up here when it tested on the best offer into this 86 42 And it basically exhaust out and we find some sellers And the sellers are actually able to bring it down below this swing as well And they bring it down with some size as you can see the selling picks up here So they hit the bid hard and they test into this area here of high liquidity at 186 30 And they they still have enough selling pressure to get it through below that area And now they're testing into this 186 24 So those are the microstructural areas here little areas of consolidation and breaks of it And then uh, you know, we see the move that tries tries to move back up But we can see that Not able to to hold it again and it just goes right back in the range here Creates this little trading range and that breaks Etc. Okay. So now we're starting to understand Uh, you know price behavior within the microstructure And not only by the traded volume, but look at the book the historical book Look how they got really aggressive here. They brought down. There's high liquidity up here. We know that Okay, that's been in here the whole time, but then this right here this little orange rectangle Or square, uh, they um, they came in with pretty high liquidity And it just popped into the book here all of a sudden right on the best ask Okay, and no no buyer wanted that they they said, uh, you know, uh, no and We we find some sellers, uh, you know hit the bit a little bit and then they they're still here. They're still aggressive here At the same time that these guys are um, well these these guys actually added in Here on the offer a little bit later But you can see here just at the same time this guy popped in this guy down here did as well It's probably the same player to be honest, but Anyway, the um, they're here in the book and they actually stayed in the book and traded That's another distinction here is understanding what traded what liquidity was was real and had the intent to trade And uh, what uh liquidity, uh, did not trade it did not have the intent Okay, these little areas here that uh, uh, we don't see any transactions or even in you know, even close here or here, uh, it's uh dubious if they uh, if they have the intent to trade Okay, this one actually is not a good example But some of these down here like this this guy he was in here for just a second and he pulled his liquidity Okay, so you know Here's the distinction between like that liquidity that you'll see the numbers blip up in your in your dome And then and it's just uh, it's just noise Right and the distinction between that and then this real liquidity here that actually traded So we know this is fact like this guy here is long the market And it's and price is going against him looks like he's layering in though Okay, layering at this level and wants to layer in down at this level Or these these players I should say Okay, so uh, that's a micro structure and starting to understand all the nuances here And we're really starting to understand the market now Okay, but it's okay. We're you know, this might look kind of complex Uh, it's actually very straightforward. It's just how the market works Uh, there's no You know mac d or derivative or anything like that. It's really it's those that are providing liquidity And and those that are uh taking liquidity and where they're meeting and here's that where they're meeting right here Okay, now we're looking at the same chart Just a little bit later here Okay, we were looking at let's go back one. We're looking at uh Round uh 186 27 was last traded price there 186 27 is right here. So we're looking at just uh some seconds later basically or a minute later or so Okay, here's our bigger picture Okay, here's what's going on. Here's that little skew in the book here Uh with that higher liquidity that we just saw Okay, uh, and then here's our our 86 50 up here those 31,000 uh contracts or 32,000 contracts. They're up here Okay, so you can see now what we looked at earlier This view here, uh, is is very much micro structure But we're also gaining a lot of insight here. We're seeing larger players getting filled on the bid Okay, we're also seeing maybe a potential spoof Here lowering the uh the offer here and uh the overall, uh Slant of things that we zoom out and take a look here is uh, this is bullish And this is a pullback in this trend that's going to the upside All right, and you can start to look for uh The market to be attracted to this high liquidity that you see here at at 40 and then at 50 here And that we we's uh those 32,000 shares now we're getting a complete picture Of uh, you know the the macro view and the micro We're able to use that dome on the much higher time frames Right, uh, so that's the example here And now what that allows you to do is start to see some really good examples Uh in uh, uh in the market when you start to zoom out like for example Here's a reversal ahead in shoulders pattern shoulder head shoulder But now in terms of order flow what's going on Okay, very high liquidity here it trades it actually trades through it Hey, but they come right back in again Uh, and uh, and they trade again Okay, and there's still a little bit of selling pressure. It goes through a little bit Not much it exhausts out down here and we start to rotate back up. We start to find some buyers And these guys still they come back in with more liquidity again This is disney at 101 here And uh Start to see buyers starting to come in and we really see the buyers come in over here Okay, and you can start to uh anticipate That uh, if there's a lot of buying pressure now and the sellers have exhausted out down in these areas That uh, we have the potential to come up and trade into 102 All right, and that target was actually met but um Anyway, you can start to understand these areas here now Uh, and maybe they line up with your technical areas as well. Maybe it's a pivot point for you Maybe it's a fib level whatever Uh, just as long as you understand the order flow in context to your larger technical analysis Okay, so, you know, we have all sorts of great examples here of support turning to resistance um absorption Facebook absorption here and um I'm not going to Maybe if we don't see any good examples, we'll um, we'll come back into the presentation We're going to go instead to the live market And and take a look at some of these examples and see what we can see And maybe set some orders here as well because I want to show you that one-click trading All right, so uh before I do that, um, I do want to also show you, uh the On our twitter feed here, uh because we saw this yesterday and so we made a tweet And I would recommend that you check it out here. Uh, just scroll down a little bit here And it's right here. Okay. So in fact, I can I can give you the link here for it. I believe Let's see here Share via copy link. That's what I want. Okay. I'm going to put this into the chat for you there and go to webinar There you go. So you can you can check this out and A great example of absorption in facebook uh yesterday. I mean it was just beautiful And actually it was on online with a client And watched this play out in real time And uh, anyway, if you want to understand some absorption, uh, this is a great example All right All right, let's jump into in the book map And see what's going on And let's see here in terms of stocks Well, I have quite a few open Let's let's jump in and maybe take a look at nvidia Or uh, I don't know something else that that catches your eye here that you want to take a look at we have twitter We have facebook. We have Vx which is vxx which is the What do you call it a volatility index there? tesla spy we have oil exxon netflix nvidia apple And then the c i also have Ali baba here Ali baba I was looking at it earlier as I kind of bearish today actually Um compared to some of the other stocks So if it's going up the other markets are certainly going up Yeah, I don't know what what happened here. I don't know the news. Maybe they reported earnings or something Or have some bad news here, but uh pretty pretty bearish um Not even able to make it back up to this swing high here from uh 9 after 9 30 Let's jump into apple And there's something here I want to show you Uh in apple Okay, and and we'll define this this full depth of market that I can continue to talk about Okay, and this immediately I think Will give you an advantage uh in your in your trading just by just by knowing this And this is a very simple thing All right, here we go Okay, here's here's nine o'clock this vertical dash line here. So this is all pre-market okay Let's zoom vertically a little bit Okay, now, obviously it's been nothing but bull a bullish activity here um, but Look at the liquidity here and and this is the full depth of market All of these levels up here are live at 9 30. You can see where the larger players are placing their limit orders So you already know We where they are lined up to trade Okay, that's a really nice advantage and that's what full depth of market allows you to see Okay, look at it 200 here Okay They've been in the book very high liquidity here like uh, uh, 56 almost 57 000 shares down here Uh at 200 We don't even uh test it at the open We see that it it immediately Went to the upside here. Okay, so it's is definitely supporting Above 200 and that's a pretty key figure here in apple Okay, always looking at the round numbers, especially in stocks They're always the larger players are almost always at those levels Which is really great to see you can see here like at 203 At 204 i'm looking over here And then at the liquidity here and then look at 205 quite a bit here at 205 It actually traded and it traded through Okay, and they're up here at 206 and it's struggling here to try to get up above 207 okay, so We'll see if maybe we get a boost here And try to get a price to come through this 207 area here All right now another thing here like uh Um So immediately if there's any questions on that Regarding the full depth of market and the advantage you get right away just from knowing this Like you can start to line your targets or where you want to trade some of the areas you want to trade with your technical levels Maybe it's a fib level for you. Maybe it's a pivot point. Maybe it's a uh a trend line Or a horizontal line If it starts to line up with your areas Where you want to trade Then uh, you've really got something here okay, uh and um Anyway, that's a quite a quite a nice advantage uh the um Areas here like At 205 here. Well, let's zoom into that because uh, we see a lot of transactions take place there Okay So I want to show this because this high liquidity here traded. Okay. This is this is fact. We know this uh, they're in here with um You know 55 55 000 shares it looks like uh, and uh, what actually traded well, we have our our volume columns over here and we can tell you Uh, precisely what traded here. Let's zoom in a little closer Okay So over 237 000 uh con or shares traded here Okay, and most of it happened here. There's some there's some selling here. Um, but um, Most of that is buying as you can see Okay, like like nine tenths of it or eight and a half tenths of it. Uh is uh is buying Okay, so all of these guys here that with this very very high liquidity. They actually transacted Okay, and there were still more buyers and we trade through so the point is is not to is to understand these areas of high liquidity And usually, you know, it will uh start to slow some some of the price uh down because you've just taken away some of the buyers Okay, now we're starting to understand these levels of liquidity and how it reacts with the uh the buyers Okay, and there was still more buying pressure. Obviously as we continued higher okay, uh, but um Is it did slow it down and we went back and forth here for a little bit Came back up and found more buyers Okay, and then we see uh this phenomenon called a flip in the book Okay, well very high liquidity. It's not much of a flip in terms of uh liquidity, but uh, they were here on the offer Uh, and now they're over on the same same price level, but they're here on the bid And they're at uh 20 Two 205 Okay, so now what was uh, this is like actually acting very much like support and resistance levels, but you're um Getting that uh advantage of understanding. There's actually traders there who want to deal And uh, and here they are at 205. Okay, so from the offer to the bid side Okay, and and it held in fact not only that there was even more uh buyers Starting to bid up even at a higher level. Okay, and did not trade through that level All right, so here they are on the bid Uh, and again like like that kind of absorption example except in this instance, we didn't even trade into it They're a lot traded here, but uh, we didn't even trade into this area here where the high liquidity was I mean we see 14 14 000 shares, uh Transacted there In fact, we have an iceberg detector here, which I can turn on we're probably going to see an iceberg right there And indeed we do Okay, why did I think that? Why did I I think that our iceberg detector might show? Uh a high iceberg orders going off here at this area Okay, well, it's because here's the liquidity It's down here Okay, but the the larger player here is actually not showing his liquidity in the book with an iceberg right here at this area Okay, a couple takes above it at at uh A 205 12 Is is where the icebergs actually occurred, you know 15 000 of them here so anyway the point here is Really really starting to understand some of the subtleties here and uh, what's going on in The order flow at some of these levels. Okay, so we never traded into and never tested this area here Uh, and we just we just found the larger players with some of those icebergs Okay, I mean there's icebergs all the time. Uh, but uh, uh, that one was rather significant. Okay, so Anyway, so let's take it off here for now just to make the chart simpler. Okay All right and the move on up, uh, again targeting high liquidity at 206 It comes right up into it. We see a little bit of a it it goes through it But uh, again same same concept again here of what was uh, resistance It kind of turns into support here at 206 and we continue on up to the upside Okay, and to go right into 206 50 you're right up there Okay, now we now we do find some sellers, uh, and they do hit the bid and they start to trade through these areas here Okay, uh, and where do they go? Uh, they trade right back down to where we initiated from down here as you can see Okay, right right down to it. This is where the buyers broke out to the upside and you would you would anticipate other buyers to show up down here as well Okay, and they and they did And uh, and now we're accepting above this This 205 50 area here Okay, uh, and we trade through it though like, uh, We we had a little bit of bounce. We made a lower high and we come back down and trade through it back down into this area here uh, and um And buyer stepped in again this like you can see the uh the aggressive buyers here the You know these large buy dots here or the green dots here pulling that market higher up into these areas of higher liquidity Anyway, let's get to some of the current market. There's some of the basics here of going through and understanding what you're looking at uh, and putting this context together of the, uh liquidity and or the orders that are resting and the orders that are aggressive and Take liquidity others provide liquidity others take liquidity All right, let's see we got our breakout here above uh 207 Okay, up to almost 207 50. Uh, and then right back down All right. Well, usually this is what we do. We would anticipate again buyers to step in right right here again and now this is something we might see something interesting here in the order flow because uh The breakout wasn't so great here We might find some sellers try to and if they can if they can get down below where these buyers initiated right here If we and we can get some sell size like big red dots here on the other side Well, then all of these guys are going to have to cover. They're going to they're going to feel the squeeze Uh, and it'll be the the long squeeze to the downside. So, uh, you know, maybe they would cover down below the swing here at uh, 06 50 or i'm sorry 58 or 60 here And so far. No, I mean, we can see we're bouncing off out of that area here We we still haven't really found the buyers yet. Now that we've found some It's not that convincing though So, okay, maybe we're just going to kind of stay range bound here for a bit Now they're bidding. They're still bidding down here though. That's good. That's that's kind of bullish Uh, and they're here on the offer up at uh, uh, 07 40 a nice little battle starting to emerge Both back and forth here buyers and sellers as you can see I'm trying to get trying to get a bias here um Let's see if the uh, all right, it looks like a looks like some of that buying is starting to exhaust out a bit Zoom in a little bit closer here So we're going to see if they if the buyers take on these guys at 20 here And trade into there they go. All right, so we found the buyers now. Okay. We're starting to break out a bit Okay, we need to get we need to get a little higher than that um Okay, so this might be failed breakout if if if the sellers can get down below here Then we can see them try to get it down into 207 the figure Because that's where they are on the on the bid All right, here come the buyers. All right. Let's see the let's see them lift the offer higher now And let's see them get into 40 up here Hey, and then 50 uh 207 50. That's we always like our our big round numbers in the equities That's still kind of struggling uh back and forth here You can see I mean like these rotations back and forth like if they if they just kind of exhaust out and then come back down and We we get in these little kind of structural areas that we're still looking for a bias here and um actually the bias here For the moment now since it's exhausted out here on the on the sell side by buy side here Uh right in this area here if we can get a little more sell volume down below here around maybe 28 Then then we can come back down and maybe test into uh 10 or maybe uh seven here It's not it's not the cleanest uh to look at because if you know, we're just kind of going sideways and the All all we need to do is rotate back up and find buyers And then they can they can lift this offer up into our 40 area They're gonna take it up to 40. All right buyers. Let's see you get to 50 now to pop pop through 40 up into 50 Okay, big spike in volume there It looks pretty good Come on guys. Let's go to let's go to uh, uh 50 And if that's the case what what would be the next level after 50 Okay, yeah, we're looking at uh, oh eight Okay, 50 is trading there goes 50 Okay, we have not gone through 50 though uh seven 207 50 And we need to And we need to get through there on on some buying here Uh, I mean some good size on on uh lifting that offer And it's just not happening right now Also reading these guys here on the offer note how they're getting pretty aggressive. Um, you know, they're adding in here uh 54 60 All right, they just took it they took it again at 54 here. Okay more buyers All right, let's see you get up to a 70 here 60 and then 70 So we continue to climb higher and then the next level after that is up here at 90 and then uh, oh wait the figure Okay, nice move into 70 there any questions Uh, you guys want to take a look at something else uh that we have uh up But uh, yeah, I mean it's still just you know Continues the uptrend here pretty pretty strong uptrend. Um, you know, not quite as aggressive as this one here But uh, it's uh grinding higher and we're seeing a lot of volume up here Uh above our 50 level So that's uh, that's definitely bullish here Uh concept of uh icebergs. Yeah. In fact, um, we've got a page that I can uh, I can send you to Regarding uh icebergs, uh, and then there's a plenty on our youtube page as well. Uh, that's not it I thought that was it Hold on just a minute here. Yeah, there we go. Okay And here you go. I'll put it into the chat all right, uh, but um No an iceberg order, um think of it this way, um the um if you have a lot of uh You know demand, uh, for example, you you really want to be a buyer Uh, but you you want to be a buyer at a specific price Okay, well if you show all of that demand there like let's say it's just you know tens of thousands of shares Well, that that may scare away the uh, the sellers that you'll never get transacted All right, so uh, uh instead what they do is they use a hidden order Okay, and you can uh, you can go to that link there There's uh, it also links to the the book map wiki that that explains it in in detail If you really want to understand what the uh iceberg is all about And uh, I haven't seen anyone else describe it, uh as uh as as well as this So it really will go into the details. Um, and it's not that complex. It's it's you know, it May may seem like it but it's just Let me finish this uh example Uh, now we're starting to exhaust out guys. See see the exhaustion here Uh, there there was more buying at higher highs. There's no a lot less buying up here Let's see if the sellers can hit the bid here, uh, and then maybe take it down to amount back down to 50 maybe uh here all right, so, uh We're starting to we're just not finding the buyers up here, right and you can see it clearly right So we start to look for where it might go and 50 looks pretty good All right, uh, that's a lot of volume traded down there before Uh, obviously it's right here. Okay, so looking for that move to 50 here and it's starting to play out um, all right, so uh iceberg order what it means is uh, let's go through that example You have a lot of a lot of uh demand, uh, you know, you have tens of thousands of shares that you want to get filled Okay, well if you show all of those shares Uh, it will it'll likely scare uh sellers away. They don't want to deal with you Because uh, you really want to buy so they're going to try to look for a higher price Okay, this is just a very simple auction kind of theory So, uh, but what if you can uh, you know have them kind of trade into your area and not show them in the in the order book Like uh, all of a sudden you can kind of piecemeal it out Instead of like showing 10 000. What if I just want to show like You know 500 Okay, so that's what you can do with an iceberg Order or hidden order is a trade 500 and show only that in the book But then the next 500 will uh immediately load right away. So, uh, uh, you you can try you won't have to show All of that liquidity in the book Uh, you can only show uh, just a small portion of it and that's the iceberg That's the iceberg analogy there Okay, so they're not pulling at all. They're staying in the book and they're transacting. They just don't want to show Uh, how much they want to buy? Okay Straightforward enough. That's really the very basics. Uh, uh of an iceberg There's you know, you should look at the page there and um, I get some more information All right, well Not not didn't find enough sellers here. Uh, so, uh, we did not get down to this uh, 0750 area here that would have been the uh, a nice little target But there's just just a lot of demand here and the buyer stepped right back in and we've made a new high Again, though, look at the uh, that's better. There's more volume up here this time Okay, it's but look at the breakout here as well Not not so great Okay, and the starting to pull up here, uh at this 90 level But they're still up here at 08 All right. Well, if that's the case and we did not break out, let's see if we can get right back down to this, uh 60 level here On that sell side Okay, and where we need to see the sellers come in it would be here. Uh, just below this little area Boy, it's really only four cents, but uh It's that that that same thing here. We're we're we anticipate buyers to show up here and that and that's actually who is showing up All right. Yeah, it looks like they're going to sweep this. Um, we got another nice cluster of buying up here We need to get a little higher and show a little bit more Just a little bit more and then I think we can make it to 08 Yeah, it looks looks good. Let's see him. Let's see them sweep that book take all the liquidity And trade right up into 08 here Yeah, we might need to rotate back and forth a bit But we need to see more buy volume up here definitely To get that kind of price discovery to the upside Yeah, here we go Okay, any more questions All right guys, let's see this move into 08 here should it should happen pretty quickly I'm not looking for it to grind up to that. I'm looking for them to jump in pretty quickly here Yeah, it looks good still still looks good finding some sellers here, but You still a lot is trading up here. So uh, it's a lot of selling though Oh a lot of selling here. Look at that Okay, selling just really picked up here Still there they're still, you know lifting the offer here I'm still looking for 08 to trade and nick these these sellers here. They might have to cover really quickly as well Just shy of 08 Let's see if we can get a skew in the book here. Maybe they'll uh Maybe show high liquidity underneath here And then find some buyers react and trade it right up into these 56 000 shares up here Yep, still looking for it Although, I mean this is oh, this is what the sell was this was I'm sorry. So this is what uh You know, this took me off guard a little bit. I did not see a real big, you know, uh, a transaction up here I was like, wait a minute. Where did this big volume? Uh bar come from well here it is. This is actually a dark pool. So the transaction actually happened way down here Okay, so, uh, you know, we can kind of negate that then and uh, I just go with what we see here that's a that's a not too, uh You know looking at I don't I don't trade a lot of stocks. Uh, so Uh, I forgot about that. Uh, here's the dot down here though. That's that big transaction. Oh god. Okay. I mean, this is very typical Uh, you know, it's starting to exhaust out up here. We're just not finding enough buyers here Uh, and there's a lot of front running as well. Uh, and that's very typical Uh, that uh, you know, you you don't quite make it up into these areas And what happens is we need to rotate lower to find those buyers and check out maybe Some of the uh weak buyers by buy from them and then have it rotate back up is is pretty typical. Um And that's exactly why to be honest like, uh, uh, you know spoofing type of uh Activity started to exist. That's why in this little area. I would have liked to have seen here we go This is what I'm looking for right right there. Okay. Uh, this high liquidity here Okay, and see the reaction. This will allow it to push up into oh eight Okay, so the skew in the book and finding some buyers here All right, that's what I was actually looking for over here Okay, we need to see some more though. We need to see there. They are there. They are again Okay, and now oh eight now we found the buyers here. This looks inevitable. It should trade into oh eight Geez, where are the buyers? So yeah, no, I mean this is see how it's just battling back and forth. So now they're showing some size here underneath Uh, oh eight and we're finding a lot of sellers here So they're trying to keep it from trading. Oh eight Yeah, still looks good. Now. We're just a few ticks away And let's see it. This is the rotation. I'm looking for This one looks pretty good. Let's see. Let's see them trade it Just shy just shy went up to uh, I'm showing 97 is what traded here All right, maybe one more rotation But you can see like how this, you know, really kind of what's playing out here. These guys at at uh 208 I've been in here for quite a while almost all day And they're gonna want to get filled So they're gonna try to, you know, make that happen. All right, well Let's we'll come where we turn back to this here. I just want to cover a few more things and then we'll call it a day here And let me know if you have any questions Saw some some pretty good stuff You know making the some some calls and looking for a continuation there The iceberg we went over that We started to understand liquidity context of liquidity that's that trades and with the with the aggressor or or not And and and putting that kind of context together Just want to go to the the dx feed book map page here Okay, I'm gonna put this into a chat for you as well. So if you are interested Let's go over just a few of the options that you have here. Okay, so Scroll down here. You can read all about it here But then These steps here Three steps away from some market clarity here that we've been demonstrating Oh, I think 08 is I just have the feeling here that's gonna trade Not yet interesting. All right, we'll we'll take a look again. Um Anyway, this is what you can do. You get 14 days Uh, the one-click trading. Yeah, uh, eric. I forgot to go over that. Um, I'll show that as well and then we'll wrap it up All right. Um, uh, anyway, uh 14 days money back guarantee here So, um, uh, sign up here This is what you need. Okay. First off, you need Bookmap global or global plus. Okay. That's the so you need to get the book map platform The prices are here global is 49 global plus Is includes all those add-on indicators as well as the one-click trading Is um, uh, $99 per month. Okay, so those are the two options that you have you'll need to select one of those Right now what you're also going to need is a data feed And that's through dx feed and you have some options for this as well Okay, so, um, uh, the options are nasdaq depth, which is $69 a month Or edge x depth, which is $59 a month Or you can get the combo Okay of both, uh, nasdaq together with edge x it's 119 a month Okay, so all together here, um, it depends on what package you want to get Let's say you want to get nasdaq depth. That's let's say 69 or 70 bucks a month And then, uh, book map global so 50 Okay, so you're looking overall at, uh, you know about a hundred hundred uh, $18 a month All right Okay, so anyway, uh, there's there's that, um and signed up there Let us know if you have any questions. Uh, happy to uh to help you out to support at book map.com And um, let's jump back and uh, there it is finally finally our follow-through Uh on on big volume and and continuation here They Of course, it's like boiling water. We have to like look away and then it finally boils. Um, and it's still looking good Let's see if we can get back up into higher areas again 40 and uh and 208 50 okay it's uh Yeah, I don't know. I mean it's two o'clock after two so, um This trend is going to continue. I'm not seeing this this volume looks good here. No question. Um, So I think we may get to 40 here. Uh, we just need to see some more buy volume Come into the market and it is uh looking pretty good. Let's see the swing here If not and we see sellers come in the first area. I'm looking for is like this little, uh, kind of uh area here And see if the buyers support it there. If not then down here As you can see they're already starting to come in at 08 That are same thing. What was uh, uh support or resistance is now support All right, okay Uh, the one click trading. All right. So what you can do is you can also trade from the book map chart Okay, let's open that up and We'll uh, we'll input a thousand shares here okay, and uh Let's uh, you we can use bracketed orders or we can trail a stop Uh, all sorts of things you can do here. Okay, so um The the one click trading the way it works trading right from the chart here is you set your orders in this window All right now right clicking is always going to be a buy but depending on where you are with current price or uh, I'm sorry left clicking is always a buy right clicking is always a sell Okay, so let's uh, let's see if we can get decked down into maybe the top of this little area here Wow, okay. There we go Let's say actually I was kind of looking for that the follow through like or a quick move like that All right, and uh, let's uh, let's let's see if we can uh Set a buy here Okay, and let's see if we can get it come back back up into Uh Where it just dropped from okay, I'm gonna move my stop up Okay, and uh, actually I'll move this stop up to 50 here So I've I've got 700 shares here, and I got 300 up here. Okay. It's just touching it now There it goes. So it transacted the 700 right there Okay, now we're back up to where we just dropped from really heavy drop here Right. Well, I'm going to move my stop up then uh to break even plus Okay, so I have 300 shares left uh, and um Let's see if we can um If this was enough a shakeout below this area here, I I like it I mean, I like this move because we went down below 08, but we're right back above it here And if we can get a little more just right here, we can get a little more buy volume This is the a beautiful shakeout to come up higher up into maybe uh, 08 50 here and then where why did I place my uh, Uh take profit right before it. Well, I'm front running Okay, so I'm uh basically Not didn't want to go through that pain That we were waiting over here forever for this move to take place Anyway, uh, that's what you can do with the one-click trading. You can trade right from the chart And the the trading takes place within an interactive broker's Account through dxv. That's the only option that you have right now. Okay for the one-click trading to work All right, uh the now one of the things though, I just will cover this and then we'll we'll call it a day here Um, the the one beauty about this one-click trading. Uh, I think you guys will really like I I love it Is I can I can see my actions here And I can rationalize my decision-making Okay, so let's go through it. What did I do? I What were my actions? It's all recorded on the chart just like the liquidity. It's all recorded So I I jumped in here. We saw this really quick move to the downside Right, uh, and I I thought well, all right. Uh, that's uh, a little too much a little too quick Uh, you know, maybe spike below 208 the figure here I'm going to jump in and try to get it right back up into where it just dropped from up here Right because I'm I'm looking for uh, uh, this is kind of like a vacuum in price If they're going to hit the hit the bid really hard like this Uh, then we we um, we can actually get a low volume pullback to right where it dropped from up here pretty pretty easily or pretty quickly Okay, uh, and um, so I I jumped in with a market buy order here Okay, and I got filled on two different legs one for 700 Shares and one for 300 but here here was my action. I immediately Brought the 700 down to right where it dropped from Okay, uh, and and took some profit All right, and then the the 300. Uh, actually look what I did. I I brought it down here, uh, to uh, uh Just in front of this high liquidity here, and I thought well, wait a minute. You know, that's uh, not so great like, uh If um, if they can get it above on some volume up above this little area here I'm looking then for um Maybe uh, uh, 08 50 to trade Okay, so this is more like a shakeout move and um So I I moved it right back up to, uh, where it actually, uh, originally placed it. Uh, and then, uh, I moved my stop up as well Okay, so I moved it. I moved it up a few different times, uh to break even and then I've got a free trade on Okay, so there's my actions. Okay, and I'm being accountable with them Okay, because I can see it in front of me, uh, and I think this would uh Well, it's it's definitely helped my trading Okay, I think you'll find it helpful as well All right guys, uh, good session. Let's let's wrap it up. We'll call it a day here. Uh, and um, uh, we'll help We'll hold another, uh, uh DX feed webinar in a few weeks. Uh, and, um Other than that, uh, if you're interested in book map, uh, DX feed, uh, then, uh, come to this, uh, this link here Uh, and I'll put it back into the chat for you and you can explore the different options that are available for you. Okay Have a good day everybody and uh, we'll catch up later Okay, thanks. Bye. Bye