 All right, well welcome to the webinar for a Tuesday. We're going to go through the order flow here and Just go through some of the details what book map is showing you And I want to cover today the the correlation tracker as well So we'll go into some details with that risk disclaimer trading equities and futures involve substantial risk of loss and is not suitable for all investors Past performance is not indicative of future results for more information. Go to bookmap.com You become a member and you'll have access to the free resources And you can reach us at support at book map calm Okay, so let me show you where you can find book map first Because there is a free trial. So click on explore when you get to book map calm And then click on pricing here and that'll scroll down to the pricing window All right, so there's there's two different versions of book map. There's the basic and there is the advanced Okay, the You can see the price here. They are billed quarterly. So please note that and the difference between the two Are primarily all of these add-ons and the ability to trade right from the book map chart and that's significant because we are displaying liquidity and you can manage your orders a Lot more precisely because you can you can hide it behind liquidity with your stop losses or you can front-run High liquidity with some of your targets. All right, so trying to just get that Advantage of a tick or two To give you a higher probability Trade, okay All right, and for both of them you get a 14-day trial period So sign up give it a try see if you like it and Take it from there. All right, so there are These other packages here. It's the same book map basic and the same book map advanced It's just packaged with the DX feed and the DX feed is a Data feed for us equities. Okay, we are not a data provider but the We've partnered with DX feed to offer you NASDAQ total view Okay, and and last trade So you can access equities and I'll show some of the equities or let me know If you want to take a look at specific equities and and we can do so. All right, so The data feed with DX feed, I believe it's about 50 bucks So then there's nothing we can do about that. You will be charged if I mean you do get a 14-day trial period with it But it's for delayed data. So If you want to look at live data, then you will need to pay pay for the the data feed. Okay, and That's the only difference is here with the two you can still get the book map Or the DX feed with book map advanced or basic on its own without the package Okay, so you can just sign up and you can you can just add that as an add-on With either of these versions here. Okay, so that's how it works and Give it a shot and see if it's something that helps you and Then the education tab once you once you become you come into the portal here and come into the education tab This is I have an old cached version here So Anyway, let me show you where you can find all the educational videos here let's go to the channel and Here's our channel here And the latest uploads are here and then you can click on the playlists Okay, and there's all sorts of playlists here. So you can Record I'm sorry the recorded webinars. They are all here. So you can you can click on that And you can access them all here. Okay, this one will be uploaded today as well And then I want to also point out the new course Education course we put together so you can click on this link here and there's a four-part series okay, so they're about an hour each and They go through Some of the basics in book map, but then they start to get into much more advanced concepts rather quickly and And also some strategies that some basic strategies nothing, you know, you Know mine mine bending here, but how you get this advantage by looking at the data within book map and and then you apply in these strategies and then the book map advanced one is part four where you can Add the correlations and correlation tracker and some of the iceberg detectors Etc and put it all together in a kind of a cohesive package. All right So you can subscribe to our YouTube channel or you can follow us on Twitter and you're going to get the most Updated information here. So you can see our last Tweet here is a review. Okay, let me open this in the new tab Of some of the educational material. Okay, this is from part Three all right and going over a setup here And understanding what to look for why how the liquidity plays a part in this Where to place your stop? Etc. Okay, so good stuff there. Check it out and see if it's helpful for you Let's jump in and take a look at book map. Okay, and You know, we've got some new traders in here so I want to and I have been for the last few sessions going over just the The basics here and book map and I think it's been really helpful for you guys So I'm gonna I'm gonna cover that again today and it's just showing you the Starting off with a Regular chart. Okay, and then we add in whoops, I can turn on that and Then we add in more information here And I also had some pending orders here that I canceled so we can hide those Okay, so here. We're just looking at a candlestick chart. Okay, this is a 15-minute chart and We can see the You know what the candlestick displays open high low close for that 15-minute period Okay, we also have a sub chart here of volume and most of us are very familiar with this view Of a chart However, there's there's a problem here a big a big problem not just one. There are several Is very limited We're not we're not viewing So much more information and data that is pertinent to making informed trading decisions instead of reading candlestick charts, you know reading like a I don't know Engulfing candle here or you know, whatever it might be I mean, it gives you some insight but and then it's just a shot in the dark from there so you know volume helps clearly but You know, you don't understand where the volume traded you don't understand how much traded You don't understand what type it was what kind of aggressor it was Was it a sell or a buy and I'm talking about market orders? and all of that detail is is Not displayed here Okay, that's going to give you quite an advantage by understanding that those of you who are looking at Footprint charts you understand this. Okay, or a lot of you also follow volume profile but the Are just if I get a show of hands in here if you guys can just type yes or something in the in the In the questions there Are there any volume profile traders out there? Okay? No Okay What about footprint charts anyone anyone looking at some footprint charts? Okay, interesting. I'm getting some nose on this I was I had expectations that You guys would be looking at at some of these things. There's a few. Okay. Okay. Good All right. Well footprint chart is great. I mean it'll show you the The the aggressor and it'll show you where it traded but it doesn't Go into some of the details. So I'll address that in just a minute here. Let's just turn on the volume dots in book map. Okay, and now I Can see where the volume is actually trading here And let me adjust the Dot size here and go back to restore. Okay, that might be a little That's not bad. Okay Okay So now we can see Exactly where the majority of the volume traded. We have so much more insight now this last 15 minute period here from 1030 to 1045 this down candle. We know where where the traders traded where the transactions took place this is essential and To start to piece this together Okay, we see the cluster of in a volume here in the in the sub chart and that's good But we don't know where it took place Look at look at the location here. The majority of this trading took place at the low here Okay, that's giving us a lot more insight to what's going on All right, and we can see the the overall shape of it We're more buyers or sellers and we can see it's rather equal. It's almost 50% here All right, so some of these traders are going to be trapped Other other traders here. They're actually this is where they they thought it was a deal and they're they're jumping in and starting to purchase Okay, so Just this alone is Giving us a lot more insight and and we can also see the the size So and the size here is by reference You know bigger dot is more volume if you want the exact number Well, you can click on the tool tip here and you can hover over some of these dots and you get the There's a new a new data type here. Wow, okay This is great the Let's see here, so we we you can see here that we have the date the the time What was on the ask at that price level and the volume that traded here? So a lot traded here You know we're showing 25,000 contracts that traded here All right, so this is a big switch And and now we have insight to to the volume and the transactions here. All right, so Now that's just the the traded the traded volume. I also Kind of skip this one. I want to add Beforehand here the best bid and and ask right so in book map We have we don't really I mean you can have the candlesticks on here if you're a candlestick trader and look at the patterns with all of the volume and the Historical best bid and offer, but that's what we're showing here. Okay. It's the historical best bid and offer and the red is the best offer and the Green is the best bid and it's here in the current market window with these dashed lines. Okay on this current price ladder here Okay, so And and this alone compared to candlestick chart is giving us some some nice insight You know because look at look at how the this 15 minute period here how the market came down Pause for a little bit and then really sold off hard Okay, and that data is not in this candle All right, so that just alone is is helpful, but we start to add on these other layers of information We put the volume dots on here now we have much much clearer insight to to what occurred within this 15 minute period Okay And I want to do a zoom in here and let's take a look at this big dot down here Okay, so you can just click on the hand tool and we can zoom right in and now we can see really How this unfolded here? right, so In fact, there was a lot of buying down down in this area here They started to they started to accumulate down in this area, but look at the selling massive selling coming down into that area Okay and And then and then you can see the we just kind of go sideways here for a bit and then down here You can see that a Small small selling right come these dots compared to some of the other larger dots. This is where we see a flip Okay, all of this aggressive buying is pulling the market upwards All right, so a lot more insight to To what's going on at this area and and you can continue to zoom in here Okay, so let's just do that and let's take a look here so now I'm down at Millisecond level and I can see exactly what unfolded here All right, I can see the aggressive market buys here with the green dot the aggressive market sells with the red dot Okay. Now. Why would you want this millisecond data? Well, this is like a horizontal time and sales basically and You know, we're showing and recording every single transaction that took place But as you start to zoom out we are as you can see like we consolidate or aggregate just graphically this data And we give it in the overall pie shape. So that's what the pie shape Why this shows up here? Okay, because there are so many transactions that took place here that it's needed To to give an overall understanding of what happened All right Okay, so now Yeah, yeah, right right here there's just there's a No, no traders here at all. Okay And you know Francisco's pointing that out. There's nothing no one wanted to transact here Okay, we can see that these dots get smaller and smaller and they're selling here at this level. No question, right? but You know, and it's not bad. I mean, you know 2064 contracts traded here on At this 48 level But then one tick lower none absolutely none Okay, the the sellers are exhausted Okay, that's when exactly when you see these buyers lift the offer aggressively Okay, very aggressively Okay, and we even get a retest back to this area here and there's no sellers Okay, none All right, so a great great great insight here and understanding You know, how these markets really behave and and all of that here compared to that candlestick chart I mean, it's like another world and really starting to understand what transacted where and How much and then when we see the flip here? all right Okay, so That should about do it for the volume. Let's turn on the Heat map now. Okay, because Well before I do that The the issue here that I had mentioned about the footprint chart, okay It's similar to this candlestick Okay, those who those of you who and there's a few of you guys in here look at that footprint chart You know, you won't see this I mean you might actually you probably will because this is a little more higher time frame but You know, you're you're not gonna you you're the exhaustion down here And starting to understand how it's dwindling And starting to put this together. This data is going to be lost in a footprint chart And why is that? It's because it's aggregated it's based on either time or a bar rotation usually and or volume or you know something else and That aggregation dilutes the data Okay, so you're not going to be able to understand that it really started to dwindle off here And then we get our exhaustion and then they really they you know start to hit the hit the bid here or lift the offer. I'm sorry All right and and then that's an advantage so we're not You know time-based we're just and we're not event-based or tick-based. It's just basically you can just continue It's like basically unlimited zoom and you can continue to zoom in You know, I mean down we're down at you know millisecond level here We can continue to zoom in right and and see exactly what unfolded here All right, as you can see the decimal points here. They just get bigger and bigger Okay so that's What book map is showing you with the with the volume and that's how that solves that that issue of The lack of transparency with it with the volume and the problem that is presented there So let's turn on the heat map. Okay, so the heat map This is all these striations that you see in and white and gray lines here What this is showing you is where traders are lined up to trade Okay, so that's another distinction here between us and other products like You can you can look at a dome and that's good. Let's go back Let's look at the current market and you can look at a dome here and you see a liquidity here in on the on the offer and then on the bid Okay, and we see all the contracts here that are available at these price levels. Okay, this is the current market All right These are our traders willing to provide liquidity here Now that's where they want to trade now. This is constantly changing you know traders will shift that liquidity and that Desire to buy or sell at these levels and that's when you see these numbers change All right now That that's an advantage You know to understand and target high areas of liquidity because the market is searching for liquidity Okay, it needs liquidity to trade without liquidity You know, it just it just nothing nothing really occurs Okay, so You can start to target some of these areas look at the 1369 contracts here at 55 and That's about all that really would kind of stand out here for you with just looking at the dome All right, but if if you look here at the heat map We've taken this data here and in this window. This is the current market window We've given a graphical representation. So our 1377 now is given a you know a It's much brighter. Okay, and then you can see the highest now is up here 1430 Okay, so that's what the heat map is showing you. It's just a graphical representation of the book All right, but we can see some subtleties here That would be a little more difficult to to read here in a in a dome Okay, we can see down down here on the very quickly because the references is graphical So we know there's pretty high liquidity down here, and they're now starting to join in down here at this 51 and a half area All right, so the Where this really gets interesting here is not there's just the graphical representation of it It's then transposed onto the chart historically Okay, so that dome and that This information is not recorded in a dome Okay, you're not gonna you're not gonna see it recorded and plotted on to the chart So that's that's a problem and it and you can see that a book map solves that problem by plotting it here so now we have an understanding of the The auction okay where buyers and sellers were really involved here in the market And we can see it and we can also see how they're behaving Okay, you can see that in this area here You know it got really bright as price came down. They started to pull and they pulled right at this last second here one tick away And then they started to pull yet again here at this same same price level of 5175 and where they where they going they're adding actually a one price level lower So this is a you know, it's not it's not really showing the intent to buy here Although it is high liquidity. I mean they're they're they're kind of easing out of it They're not so keen to buy if they were really keen to buy they would chase it And you would see them add Liquidity at higher levels Okay, and that would be the short-term liquidity and you can see actually There's a couple different types of liquidity that we're looking at here Okay, we have longer-term liquidity that stays in the book Okay, and that says some of these levels here that you can see that they've been here for a long time Okay at this 55 level or 56 actually pulled for a bit, but they're back in Okay, and you can see down here They were interested at this level as well down at You know about 48 and a half or 40 48 3 quarters all right, so Not now we now we can we can start to gauge some of these larger players who really want to deal at some of these levels All right, so let me zoom in back here So this is kind of medium term liquidity here But look at and and you know they have somewhat of an intent to trade here and we can gauge it just by looking at their behavior Okay, but then look at them here with this really high liquidity here and all of these little areas here and They don't they do not have intent to trade. Okay, they're pulling these orders Okay, very high liquidity. Okay, we can see that 1,400 contracts here Okay, one tick lower another well 1,500 contracts They're they're adding and pulling but they they they're in here for a short period and look at how they pull Okay, we can zoom in here. We we can see the behavior Actually a few traded here And then they pulled Which is this is unique actually they usually pull before anything trades in there but The point here is So did they really have intent to trade and the answer in in well these these little orders here kind of throw throw that for a loop but They they in general they did not okay very short-term liquidity versus this higher long-term liquidity That wants to trade or showing more interest to trade and these guys here It just looks like they're skewing the auction Trying to press price down into Maybe some of that longer-term liquidity here Okay, and this is called spoofing Okay, trying to skew the auction with high liquidity And and press it into another area that is is lower Okay, this is an example of it and You know this is this disruptive practice is is illegal. All right, so we don't really know If all these accounts are matched and if that's exactly what they're doing, however Just just judged by this a behavior here You know, we're getting a lot more insight to this price level Okay, okay, so We can get more into let me know if you have any questions about that longer-term liquidity that stays in the book And they stay because it's it's a FIFO market first in first out They'll give up their place in line if they jump out of the market All right So anyway, look at look at this area here. So these guys jump back in and they start to see You know, they stayed here All right, so they're starting to now they're more intent than they were back here and we can see that Well, you know the candlestick is for this period here But they're starting to jump back in and showing interest at these levels. All right Let me take this candlestick back off Okay All right, any questions? Does anyone have a question on the? That the liquidity here the distinction between the two It's an important concept and and we can cover that very simply by just using auction theory as an example okay, so the example would be that these these traders You know if you show up to the the farmers market and all of a sudden You know, it gets really impacted and a lot more Customers and buyers they want to buy I start to show up in an area Okay, well if if there are more buyers all of a sudden well, you know price You can see that it reacts to it Okay, and that shorter term liquidity and this it was kind of medium term as we as we talked about but You know and then up here was that longer term liquidity and we went right into that area and a bit beyond it Okay, so More buyers, you know price reacts to it with I mean there's more demand It's as simple as that Okay, it's the same on the other side if all of a sudden Not more customers come to that farm market but more more vendors Come in with with more vegetables Well, then then you can see that There's more supply And and price will react to that and it's an immediate imbalance in that supply and demand that Causes these fluctuations like this. Okay? all right okay, so Anyway, let me know if you have any questions on this We've been going over it in detail here, and I think it's been really helpful for you guys but Let's let's move on here and and take a look at some some other things just understanding and getting this complete view Of as you can see now, I mean we're worlds away from that candlestick chart You now you're starting to understand a lot more of what's going on here In fact, let me bring down this white cut off a little bit Bring it up Because I'm looking for some of these larger players Okay Yeah, so you can see that longer term liquidity and you can see that shorter term liquidity here pressing market back and forth Here Down here is actually what they were taken on. Okay, but look in some of these little areas here and also in here Right, and that's just how it works You're gonna see it again and again Right, so we can make a distinction here by their behavior For the most part if they mean to trade or not Their intent to trade at these levels All right, so let's Let's take a look at them as you can see the S&P's coming up to that 56 level up here and That's probably gonna take out any of those Sellers that were down in these areas here And there you go. I mean there's your you know going up into that longer term liquidity up in these areas here Okay All right a little bit of a flip of the book here You can see not not the not the cleanest or clearest But longer term liquidity here on the on the offer and now flips over to the bid Francisco the flip the flip of the book is done with Well, it depends I mean no for the most part it's longer term liquidity You know, that's usually what? You know, they put a cap on price okay, so When you break out to a new price level, you know, it it flips like it flips from You know supply up here to demand on the other side and price will now it has a higher probability of accepting up in that new range All right, and then you know, you'll see like you know, these areas just get built out sometimes It's it's amazing to see levels of liquidity here. They really mean to trade So they're there they want to be in and they're looking for pullbacks So they can get a cheap price for the instrument. Okay, and a lot of times you'll be lucky if if they trade or not They'll be lucky if they trade or not because price will you know, usually doesn't go back to that area Okay, so look at look at these guys right now. So we're testing that high high liquidity here that flipped All right and not not getting a lot of clarity here You know, I mean look at the breakout here was not very It was only about a point and a half or or so maybe two points And and we're coming right back now to where we broke from so the new trading range is right right where we're testing right now at this like 54 and a half and They're down here a tick tick lower All right, and they're starting to pull now Okay, so there's this this flip here is showing the intent is Not as they're just not as interested. You know, so we have the potential now If the if a lot of sellers jump in okay, we might actually get a lot of sellers With limit orders on the offer with high liquidity And you might see them hit the bid really hard with aggressive market orders And then we'll charge down to find high liquidity at other areas Okay, so that high liquidity acts as a magnet for price Okay, that shorter term high liquidity Repels price because there's a skew in the auction in the supply and the demand Okay, the market has already digested and understands these higher areas of liquidity Okay, and that is the market All right, okay the icebergs here. Let's Turn on the indicators And and now we can see iceberg orders within this as well and this is a book map add-on And what this number for example this 421 What this signifies at this price level here the There were 421 contracts that traded that were not shown in the limit order book at that time Okay, so let's actually just zoom into that area Okay, and you can see that I'm splitting apart again like just like the dots Some of these areas here to understand You know what what unfolded here, right? So here's 214 okay now as I continue to zoom in this is gonna be broken up and you can see all of the details Okay of really what unfolded here So pretty pretty interesting stuff, so let's let's go back and Okay, so I have 298 contracts here at This 53 and three quarters okay and 280 have traded and you can see that here in the volume column Okay, and as I go forward I'm still showing here 298 in the book Okay, but volume just traded Now we're up to three hundred and and forty one. Okay, so let me go over that again Okay, two ninety eight here on the best bid and 280 here and in the volume column Okay, and and and now we jump up here This is a good example because it adds up perfectly, you know add your 43 to Add your 43 to the Hold on just a minute here. Sorry Okay To that 298 and and you can see that that equals 341 So what this iceberg indicator does is it takes these The volume it traded here Okay, and and it sees the liquidity and it reads it and it'll make the difference between the two So we're still at 298, but 43 just traded Okay, and and that that difference is captured here in this red number in this column here But it's also captured here with the this green number. That's down below the the best bid Okay, and you can see that this iceberg is it continues to to trade Okay, so they're just sitting here and replenishing Okay, and that's your iceberg your iceberg order Okay, so all together as we zoom out now. We've consolidated it here or aggregated it into 214 you see the the distinction here that you can zoom in and you can see every single little detail All right Okay, and you see several down here Okay, and this is really insightful. All right because Where did we break from and this little microstructure here? We broke from this price level here Hey at 43 and and a half and And you can see that there's not high liquidity here But there is liquidity with that iceberg detector Okay, they're getting filled here with with pretty pretty high orders Compared to the you know the rest of the chart here and and and they want to be long Okay, without showing in the book so they don't skew the auction with their short-term Liquidity, okay, so they're hiding it and You can see the reaction All right, you can see that we had a nice move to the upside. Yeah Exactly. It's a pressing pressing the orders here So um, all right, let's uh Let's take a look here at the correlation tracker. So I want to go over oil Okay, because this is another add-on now We understand what book map is showing but let's take a look at the Correlation tracker here, okay? and Let me show you where it is first click on the Studies configuration and then click on correlation tracker here Okay, enable it here. Okay in this window And then in this part here enable it for for oil as well Okay, and there's some different settings here You can view it from the left of the chart or you can have it reset for a particular amount of time I've got it set to the left of the chart and And and and then just add your correlation here Okay, so let me remove this one for now And then we'll just click on add and then you choose your symbol and I'm going to choose the CAD Okay Okay, so now we have plotted on the chart from the left here in relationship to oil the CAD Okay, the dollar CAD and now we can understand like how oil is related to it. This is a classic Or you know CAD yen, but you can't do that with futures the the You know Canadian dollar is oil rich, so price of oil will affect the Canadian dollar and So now we're starting to understand how these markets are behaving and you can you're looking for discrepancies in the behavior And you're looking for opportunities based on the correlation to Make a trading decision. Okay, but before before any of that Look and understand What's going on in the heat map and the auction and the traded volume? Okay? The more that you understand this then look and see if the correlation is holding true All right, and in this case here, you know, we're we're seeing the CAD starting to go up okay, and And oil is too so we're more or less in line here, so I'm not really seeing much of a distinction, all right or you know, I have the CAD dollar here as well and We can We can also look at The a correlation here with oil. Okay, so I plotted it here on the chart. They have the same process as just going through here Correlation tracker enabling it and then adding it here All right now I'm gonna have to kind of zoom vertically here Just left click and hold and drag in a column And you can start to zoom vertically Okay, or just zoom in a little bit and then that correlation is gonna plot here because it's always plotting from the left of the chart Okay And what do we see here? What kind of advantages? Okay? Well, you know, we can see that oil did is double bottom down here and I'm sorry did double bottom down here or triple and then and then you see the retest here And then it's gone to the upside. Okay. What about that Canadian dollar? Well, you know, you can see that This is this is lagging here You know as prices Going down and then reverses in oil takes a while here. Okay for CAD to do that. So in this area here This is this is an advantage Okay, looking at CAD Okay, so, you know We want to let's zoom into that area Okay, and let me zoom vertically as well Okay So we what's what's occurring down here? All right. Well, you know, we still we see kind of a buying and selling back and forth And we come into an area of high liquidity. Okay, and they pull All right, but then they start to lift the offer here with some of that aggressive buying okay, and And we also know that at this point here that the oil is going up This is already been going up. So, you know, if and you see that CAD is starting to bottom out Well, let's look at some of the microstructure here to give us that advantage Okay, so first thing I'll do is we can create a trend line And I can also create a horizontal line here Okay, and that structure it breaks in this area here Okay, so at this point here You've got oil on your side. You can see the structure is broken in CAD and Maybe you want to consider starting to Enter in some of these areas Okay, and listen, how would that worked out for you? Well, it would have worked out great You know based on that correlation Okay, in fact, you can see that not only did we Come back up to this area where we dropped from originally we've actually tested the other side here of this high Okay All right Let's see here a question or a comment here 11 a.m. Divergence Yeah, I mean you can see how the CAD just continues to kind of grind until here oil is dropping and it has been dropping but Where does CAD go? It's just fascinating stuff right to the high liquidity here in trades and then it drops So same thing look at that microstructure Okay, now you can draw a line here and then also up in this area here and looking for that break and then You've got again. You've got the CAD I'm sorry the oil on your side and then you are Looking for the continuation like like oil is Darryl the yeah, the correlation tracker is an add-on as part of the advanced subscription Yeah, you're welcome Yeah, I mean Francisco you could you could trade it either way You know look look for advantages on either or yeah, I know I know you know but the The CAD was actually kind of lagging from what I see right now So I'm not getting too much insight on the on the CAD Well, let's take a look here at this 11 o'clock Okay How did that look? Let me zoom out a little bit more Okay, okay, so here's a 11 a.m. All right and Yeah, the Yeah here well it took a while. I mean You know again CAD was was bottoming out here And oil was already up Okay We do get a pullback here to where we broke from in CAD and then that continuation to the upside Yeah, I mean Yeah, I kind of like it the other way around to be honest 1115, okay Yeah, yeah here here would be nice. No question. You know, so you're looking for oil pulling back here to Where it broke from in this this area here? and then you're looking at CAD as well and and you can see that CAD is It's a little bit better, but I'm still having some Some problems reading it this way but Anyway, there's a distinction between the two. I mean This has moved more than CAD has Okay, so looking forward to kind of revert back to its relationship And that that's that's what the correlation is all about and that's what we're looking for not too highly correlated markets, but Correlated where there something Is Makes a distinct difference In the in the pricing and that and that discrepancy is what you want to take advantage of All right. Okay Any questions on the correlation tracker that you're welcome. Okay, so you can see that By Just starting to piece these all together. Okay, we have The traded volume and and reading that right and And and where it took place how much what type? And then we're looking at the heat map which shows us the same information But in the auction, okay, and that is unique there are a few other products out there, but This is this is new information and new data for the most part And we can read that auction now like it like a champ and we can see look at oil here This is what I'm talking about is they want to buy. This is exactly it Okay, look how it prices coming down and they're adding in at higher levels and they didn't they didn't get they didn't even get tested here Okay, so they're they're willing to buy here at this level and and and and look at that distinction You're not going to see that in the traded volume. It's simply not you just wouldn't know you'd be oblivious to this Okay, and then a dome It would It would be there and then as soon as they're adding and pulling liquidity is going to be gone Okay, it's going to be fleeting And it's a lot harder to to read that here Whereas you got the combination here together in book map. All right now add in a few other Correlations here, or I'm sorry Confluences we have iceberg detector showing some icebergs going on down in this area. We have 30 here And what was the other one 145 all together down here? okay, so We're starting to put this all together a lot of intent to buy iceberg going off, okay Correlation here didn't didn't really help us and I guess you could maybe on the on the pullback here and And then maybe look to You know, let's zoom into that area. Yeah, you see start to see there's some trading down here I was looking for exhaustion all right, and The pullback here, but cat is kind of going flat. Okay, so there's another correlation trade that you could have taken It would be very short term but You know you you can also You know enter enter long on You know do a Paris trade right and Enter long on the on oil and then on the CAD You can you can short it okay, and you're looking to capture the difference between the two in that price discrepancy All right Okay, guys. Well, let's see here What else has been happening here? Okay CAD CAD is I'm sorry oil is still showing some weakness here. You can see the overall trend is still down here. Okay, so Anyway, but we have we had a lot of interest in this area So we're just about to test them to see if they're still interested here or not All right, and we're gonna see it We're gonna see it Okay Let's go back to ES and take a look Okay, and notice here and you rarely do you rarely do I see this the ES is so thick in liquidity These striations why are there every other tick like this? I mean these are larger players They want to get filled in some of these areas up here Okay, you see it a lot more in the currencies because it's thinner market See these striations every other tick or every few you know ticks or whatever, but it's equaled out and You know, that's the longer-term players and They're the ones that you know providing that high liquidity at those areas. So we're understanding their behavior Look at the CAD coming into high liquidity here Okay What's oil look like here? How about their liquidity? Okay, well these guys haven't really showed up right The behavior here previously we traded through And then we saw a bounce But they are they're they're not here any longer. Okay. Now now they're starting to show okay, but this is short-term liquidity here okay at 185 contracts 100 contracts below that okay, and Sellers can take them on doesn't mean that just because you're seeing that skew in the auction that it will hold But most of the time it will it will affect price All right, and and that repels price away Okay But let's just watch this for a second here. Okay, I'm looking for them to Lift the offer with aggressive buying here Okay, just trying to I'm starting to anticipate that Okay, and we can we can draw a more aggressive trend line right in here. Okay, and also this structure right here All right, maybe I should just do that really quickly Okay, there and there Okay, and let's see I'm starting to anticipate and I don't see anything yet in the The limit order book except for there was a little bit of interest here. Okay longer term liquidity though. It's down at It's not a much lower levels All right Yeah, well the skew in the book here with the liquidity you can see that You know it's it's nothing like the S&P where And you know it looks like these guys are kind of edging out of the August contract as well when you see see how they're They're hedging and kind of very high liquidity very close here to the market, right? In another week or so this will be all cleared up And they'll be done in the contract will trade without these guys Rolling over Okay, 1125 Yeah Yeah, this little pullback here was nice As well All right guys. Well, let's let's wrap it up. We'll call it a day and let's let's see have any questions Happy to go over them You know starting to integrate that correlation tracker and Iceberg detector and we haven't even gone over the cumulative volume delta in the sub chart here Right, but you can see how You know just just by looking at this data and starting to understand Really what's occurring here because we're giving you a lot of transparency into exactly what's occurring Then you're going to be able to make much more informed decisions on your trading here Okay, I mean looking at that candlestick chart boy. I mean, you know, you these are financial decisions and There's not much data there Okay, so anyway You can give book map a try for that 14-day trial period and see if this is something that is helpful for you Okay, let's see so deep just signed up for book map What data feed do I recommend well Yeah, you can go to book map comm and you can see all of the different data providers and There's a few that are doing something interesting now that you might want to Consider and that is rhythmic and CQG the reason being is You can see here in oil There's a limit to this depth of market in oil. There's 15 on each side It's up to this white line. This is the lit book Okay Rhythmic and CQG are showing complete book depth, which is really really cool So even these price prices up here right now. They're historical. I'm sorry prices The liquidity the contracts up here. They're It's gonna be 100 at this 46 65 level Until we get up here and it refreshes And then when it refreshes, we'll see if these guys are still here or not, but Both rhythmic and CQG at the moment are offering for comics and NIMACs Unlimited Well a complete Depth of market. Okay all price levels or it's all live Okay, and I think rhythmic rhythmic is also doing it for the S&P at the moment Okay Let's see you were in See you're in interactive brokers. Well, I mean Yeah, and you had CQG in the past. Well, you might want to consider your CQG again To check this out try it out, you know, see what works for you. Yeah, Ninja Ninja 8 is fully supported Okay, Ninja 7 and 8 so Give it give it a shot and You know see I mean, but one thing that you know if you're trading on a on a lower time frame like looking at You know some of these very specific areas like we have been today Then interactive brokers is not going to serve you as well Okay, the reason being is that they package the data every 500 milliseconds and that's basically You know a blink of an eye is about 200 milliseconds Okay, so and that's quite slow in the HFT environment. Okay, but in 500 seconds is you know, you're really moving slow there. Okay, but That's fine. If you're zoomed out You know quite far then that that data is going to be useful for you Okay, because it's going to be diluted and or It'll give you the it'll be aggregated and it'll give you the insight Okay, but if you're you know really looking into some of these smaller levels here, then Yeah, I would I would recommend something else This book map integrated into the free version of NT No, no, you will you will have to Download and install book map and there's a process just like any other Ninja Cater you need to add that and then you add book map as an indicator to a chart And then book map will show up on its own Okay All right guys. Well, we've been going on for quite a while here and let's let's wrap it up call it a day And we will do it again tomorrow Okay All right. Here's here's oil starting to we saw the Higher liquidity kind of kind of getting interested down here and we just broke The structure here the horizontal structure. We already broke the trend line Now, let's see. Okay. I'm I'm I'm really looking for if they're really interested here What we're gonna see is they're gonna lift the offer aggressively here. It's looking pretty good so far and and then you're also going to see Them starting to support it with higher liquidity underneath here All right, and then where are we gonna go? Okay? Well, we can start to target some of that higher liquidity Okay, and and where do I see it? Well, probably up here first stop would be and this makes sense, you know 4650 the figure or half figure and then and then maybe up here at 54 4654 All right, ultimately it would be up in some of these areas 65 that we were looking at earlier All right Am I going to YouTube today? William not sure what you mean, but this will be recorded and up on YouTube Okay, yeah, you're welcome. All right guys. Yeah, thanks for coming and we will catch up with you tomorrow