 And thanks for coming, everybody. So what we're covering here with this joint webinar here between Bookmap and Topstep, Topstep Trader, we're going to go over and introduce you to Bookmap and go over understanding liquidity and order flow here. So first off, risk disclaimer, trading equities and futures involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. All right. So just a little bit about me and then we'll move on here. So my name is Bruce. I've been trading for 10 years in a variety of different markets. I'm the order flow specialist here at Bookmap. I lead the trading education with expertise in order flow and market microstructure. You can reach out to us at our Twitter handle at Bookmap underscore pro. And we're going to look at some trades taken from some of our users in Twitter. So we can go through some practical applications on YouTube. We have plenty of videos there for much more information about Bookmap, its functions and how to read it. And then reach out to us at support at Bookmap.com. All right. So today's agenda, going through and understanding liquidity and order flow. First, I'm going to go through an intro to Bookmap. How many of you are new to Bookmap here? If you just can give me kind of an idea that you're new. Okay. All right. So yeah, quite a few of you. Okay. So we'll go through very briefly. A lot of you are also very familiar with it here. So we'll go through pretty briefly about five minutes or so in an intro of Bookmap. So you understand what we're looking at here and then getting into more more involvement in reading the order flow here. Okay. So that's the intro. What makes price move? And you're going to have to bear with me on this a little bit. But this is an understanding of the basic market mechanics that a lot of traders, even veteran traders that I've dealt with before, really don't quite understand some of the market mechanics. So we're going to start there. And then from there, we're going to build out and then we're going to start to look at structures, auction structures and order flow and then start to read the context between liquidity and volume and the market structures. Okay. We'll also go over some of the one-click trading and then talk a little bit about some MBO, market by order data coming from Rhythmic for you guys because with Topstep, you have quite a nice advantage there. And then a Q&A session. Okay. So, all right. This will get to the end here. And we're just going to jump in and right away look at the market. Okay. We're going to look at the live market here and go through this process of analysis and reading the other and understanding the order flow. What Bookmap is showing us here? Yes, Alan, this is recorded. So we'll send the recording to you later so that you have that. Okay. Now, looking at the Bookmap chart here, you're probably looking at this for the first time for those of you who are new and it looks pretty chaotic. There's a lot going on. It looks very complex. It's actually not. It's really very straightforward data. There's only three elements here. Now, I'm going to close up some of the add-on indicators that we have here, like our cumulative volume Delta here in the subchart. Okay. And we have a VWAP and a point of control indicator here on the chart, which we're going to close as well. And our iceberg detector as well. Okay. And we're just going to simplify this chart so that you understand really what you're looking at here. And it is very simple, very straightforward data. So what we're looking at are only three elements on this Bookmap chart. Okay. It's best bid and offer, these volume dots trading or transacting on that best bid and offer, and then the heat map. And the heat map is the one that throws most people off a bit. They've never really seen liquidity displayed or visualized this way. And this is an advantage using Bookmap. So all it is, is data from your dome, your depth of market, the auction, placed on the chart historically. So you can see where they're bidding and offering. Okay. Very simple, very straightforward. And I'm going to take that off and we're going to go over that in just a minute here. Now we're just looking at two elements on the Bookmap chart. Best bid and offer and volume. Okay. So the volume dots here shows you precisely where the volume is transacting within that best bid and offer. Now I'm going to take the volume dots off as well. Okay. And we're just going to look at best bid and offer. Now this is a very simple view of the market. Most of us understand exactly what this is here. Okay. Now, why is it an advantage to display the data this way? It's because it's not aggregated. I'm going to overlay a candlestick chart and just take a quick look at it. This is a five minute candlestick chart. And what you're getting between each five minutes is only four data points. Open, high, low and close. Okay. So you're completely cut off from what's going on within that five minute period. Look at the speed of this move right here. Okay. That is not apparent in the candlesticks. And there's all sorts of other microstructure like this little double bottom down here. Okay. You cannot see that in the candlestick either. It's because it's aggregated within that five minute period. Let's just zoom in here and I'll show you. Okay. So between this doji here and then this candle here, there's this little double bottom. Okay. We're going to see a lot of different things here. And this offers tremendous insight to what's going on here because we went down below a consolidated range here. And it rejected. It rejected once it came back down. It tried again and it rejected. And we came back up into the range and we actually came up to the other side of the range. And this is pretty typical when it rejects from one side of the range it will, many times will test to the other side of the range. So this kind of detail and transparency is important. We want to see the microstructure or other structural elements. And now let's turn on the volume dots because we want to see the context between structure and volume. And let me bring down the dot size just a little bit here. And you can see that sellers came in. They hit the bid here. And then I went back and forth a little bit. Then look at the retest down here. Okay. It didn't even make a lower low. And look at the selling in this little area here. And there's very little selling here. This red dot, just one red dot compared to many over here. Let's zoom into this area because I just want to show you how simple and straightforward this data is. Okay. Best offer is the red line. Best bid is the green line. Okay. Now the green dots, let's zoom into an area where we can show that a little bit better. In fact, let me see the dot settings here. What do I have? Let's put it on none or smart. There we go. All right. Many different dot settings or volume configurations that you can take a look at. So let's zoom in here. Now the green dots, these are market buy orders. This is the aggressor classification of volume. Okay. So the market buyer here crossed the spread, paid up for it. And they didn't provide liquidity. They took liquidity off of the best offer. And a green dot paints here in book map. Red dot is opposite. It's a market sell. Okay. So very straightforward data here. And we're going to go through this in the basic microstructures here in just a minute and extrapolate that into bigger structures. But we need to understand what these things are here. Now also the preciseness, the way that book map is recording this data is important. If we zoom in here, you'll see that there are many transactions within these bigger dots. You can look at the, let's bring up the dot size. You can look at the, or use the data tip tool here and hover over these areas and get precise data of really what occurred here. Volume of 29 for this dot. You get the date, the time stamp here. You can see the time stamp here is 10, 3, and 48 seconds. But then it's down to the mic, or the nanosecond level. Okay. Then what was on the ask at this price level, and then the volume. Okay. So this bigger dot is volume of 29. Okay. Smaller dot here. This is volume of 1. This one's volume of 2. Okay. Now we're already down at microsecond level here. Okay. So we're already looking at millions of seconds. This is the environment that book map is actually born in. We came from the HFT environment and recording this data very precisely was important. Okay. How it hit the book. Right. Now we zoom back out that we don't trade at those levels unless you're looking at your algo performance. And then you can see we've just aggregated that visually into a bigger dot and we can see that overall volume is 64. Okay. So that's the way book map is displaying the volume. Now in some cases you'll see if we zoom out a little bit more, some of these pie displays of volume. It's just that we give you the overall kind of aggregate view of what happened here. So three quarters is selling in this big dot here and a quarter of it is buying. All right. So that's the volume. But when we zoom back in, you'll see we pull it up all apart and we see everything that unfolded here. Okay. So that's the volume in book map and that's the best bid and offer. Those are two elements. Now there's one element still missing here. That's really important to understand because we're just looking at this little double bottom here and noting that as sellers came in down here and broke the low. We went sideways for a bit. The sellers did not come down and make a new low or not enough selling here either to accept down here. Buyers come back in and they lift the offer. And you can see the buyers come in. And they continue to buy up into these higher highs. It starts to exhaust out up in these areas here too. Now what is the element that's missing here? It's the third element and that's where they're bidding and offering. We don't have any insight to that. And now we'll come back into this little area around 1002, 1003, but we'll go to the current market and we'll take a look at this. Is this like level three data? There's different definitions of level three data. We're looking at complete depth of market here in book map. I guess you would call it level three data talker or Kevin. Anyway, one more thing I want to mention here. You may be looking at footprint chart. Still, footprint charts are great because it very precisely shows you where the volume is transacting. But what you're going to miss though with that footprint chart is you will not see the speed of moves because it's aggregated data within a period. It might be volume period. It might be time. It might be point in figure or rotation. It doesn't matter. Still aggregated. You're getting less transparency. You're not seeing the play of or context of volume within the structure. And then the biggest part though is you're not able to see where they're bidding and offering. It offers tremendous insight here. So let's take the candlestick chart off here and let's look at the current market. And this very precisely defined this heat map here. To the right of this vertical white line, this is the current market. Everything else to the left is historical. Here's our price ladder and then the C O B column stands for current order book. This is liquidity. These numerical values here. These are contracts at these specific price levels. They want to be sellers up here. Down below they want to be buyers. This is our current auction in the market. Now you can see that these numbers are always changing in the dome. That's the issue here with the dome is that it doesn't record it because you'll have to remember all of these areas here. How much liquidity is there? Where did they pull it and add it? Did they flip from offer to the bid or vice versa? All of these types of questions are very difficult to answer by looking at the dome. You would have to memorize that and looking at it over time is rather impossible. So what we do in book map is very simply take these numerical values here and we transform it into a heat map. The more liquidity there is, the different color that it will get. The scale of the heat maps in the top center of the chart. Red and orange is very high liquidity followed by yellow, white, blue, and then black. So we can immediately see there's very high liquidity down here at 2926. Also pretty high liquidity up in these areas here around 30 to 31. So this is our current state of the auction. Now when the numbers change you'll see the heat map change. The interesting part here is that data from the dome is then recorded onto the chart historically and that's all the heat map is. So these striations that you see in the heat map here is the adding and pulling of liquidity. This offers you insight to the condition in the auction. You can start to ascertain if they want to trade at these levels or not. So for example we had pretty high liquidity up here around 29. We just came into this area here and you can see a lot of this liquidity pulled right before. So we can answer the question did they want to trade here and the answer is no. It can be rather difficult to read that in the dome and then over time and then zooming out etc it gets very challenging. All right now you can see they continue to pull here. Maybe getting partially filled in some of these areas here but the target now is up here at 30 and three quarters and buyers seem to be pretty interested here. Look at the buying here. Sellers are starting to come in a little bit here as well but let's see if they can pop it up into this liquidity here at 30 31 or 30 and three quarters. You can see the buyers are in control. We see more volume dots here at higher highs. Green dots pulling the market up. So potential reversals starting to take place here. We're breaking the structure as well. Anyway that's the kind of overview here of book map. What you're looking at in terms of liquidity context between that volume and structure. Guys I think I'll get to your questions a little bit later if you don't mind. Michael I'll get to this question how you're able to differentiate between pulling and getting filled. It's really simple. You just look right at it here zoom in and here's what it looks like. These guys are getting filled. There's no question about it. High liquidity they pulled a little bit here as you can see but look at the volume trading right into that high liquidity. Now this is just updating a little bit later. That's why you see it off of the best bid and offer. The volume first and then it updates the best bid and offer after. There's your distinction right there. We know that these guys are now long. These guys wanted to buy. They bought. Now you see it go through a little bit but look at the understanding that you can start to comprehend or gain from understanding where they're getting where they're getting filled in the book. It's starting to absorb some of that selling pressure. Sellers did go through that area but we start to see buyers starting to come in and they're starting to provide liquidity down here at 26 and they're not even tested. We can start to look at these areas here and gain a lot of insight if they stay in the book or if they pull. If they pull this is what it looks like. Now some of it is getting partially filled in here but you'll just see them pull the liquidity. In these areas here you see how they're just pulling here. That's how you can make the distinction. If they're pulling and if they're still more buying interest likely price is going to go higher and test into that high liquidity. So we're really starting to understand now auction. Now look at this auction and what's going on and this is higher time frame. We don't have to just sit here and look at the current auction and market data to gain a lot of insight from the heat map and liquidity because we're zoomed out here and we're looking at well since 11 o'clock here we can zoom out quite a bit more and we can take this data here and understand the auction and use the dome on much much higher time frames as we zoom out here. So pretty important area around this 32 3250 and a pretty pretty nice sell off here to the to the downside but buyers are starting to come in see if they can reach back up into that maybe 3250 or so. So that's the overview here now there are several other things to take a look at I've just given you just three elements here on the book map chart there's all sorts of ways of configuring and filtering your volume your heat map your heat map settings or you can look at all sorts of details here or less details it's really up to you and what you prefer. There's some volume columns here all sorts of ways of looking at volume here let me just show you trades counter quotes counter quotes delta a complete trading dome similar to other domes out there very configurable trading nodes time and sales all sorts of things here all sorts of ways of configuring it as well. We also have a trading from the book map chart that I'm going to go over that a little bit later and then there's an API as well and you can develop your own trading strategies three come with book map chase escape and execute and then these are other indicators here that are available so you can build them yourself if you are good with java or have a programmer for java own indicators and own automated strategies here okay so very robust API and we're going to talk a little bit about that as well because you guys with top step together with rhythmic have some some really nice advantages all right okay we're up we're right up into our 32 50 or so area here 32 let's call it okay that was the anticipated move just based on what we were reading here pretty pretty simple pretty straightforward read and and well let's see if the what what kind of occurs up here see how they're starting to stay in the book a little bit more here okay so starting to get filled partially here okay other questions here guys i'm going to continue on i want to we're going to have to go through this rather quickly we don't have a lot of time here so i want to get through the material and i'll get to your questions at the end if you don't mind okay all right so that's the overview of book map now let's just zoom in and we're going to go through those basic market mechanics again and in a little more detail here okay because what makes price move this is something that a lot of traders like i've mentioned they really don't understand and this is the book map education that in basically the environment that we originally came from and when we started to develop book map actually just for ourselves okay from from the quant environment and testing our own algos okay now and let's just take the heat map off for the moment here because then we're just going to simplify this okay so best offer best bid and then transactions okay so what makes price move is is really quite simple you have the best bid and offer and then there's liquidity on that best bid and offer where they're dealing you know you're always you always have to buy or sell from somebody okay for that transaction to take place if there's no one there well then the next transaction let's say there's no one here at this 26 and three quarters and there's someone up here at 29 well the next buy transaction that's where it's going to get filled it's as simple as that okay now there's lots of liquidity in this market so there's several hundreds of contracts here one price level up here there's 314 in the in the order book as we can see okay now so what happened here as we as we kind of zoom in and we go forward there's 240 here okay on the offer on the best offer okay transaction one has taken place in this view okay now 141 there's still 224 here okay that's going to update though okay 236 okay and now you can see as that updates here it is going to we're going to see the all of that liquidity has transacted 245 have transacted okay this is a volume column here okay it's a chart range volume what is viewable in my chart range here okay so now they've taken all the liquidity here at 26 and three quarters so what happens now well it's the next level okay so as we go forward it's that the next level is what where price goes on the best offer okay that's where they're now offering here because they've taken all of this liquidity okay so now the the bid could can simply stay down here it doesn't matter okay but it tightens up rather rather quickly almost instantaneously and so many of the markets will do that especially the S&P and the next transaction now takes place here okay it's at the actual same price level okay however this is a sell and it's taking place on the best bid okay so price has not in in fact price has not changed here yet okay but we're seeing a seller come in at the same price level this is why because the best offer went up one tick okay now until another transaction takes place up here at 2927 and let's just zoom out a little bit okay then price has moved and there it is okay so now price has moved okay and that's where we are well they came right back in here immediately after with another three lot so price price did move up to 27 and then as I go forward it moved right back down after these transactions took place okay but that move that's exactly what moved price there okay it's I know very simple and very straightforward but you know a lot of traders really don't quite understand that and and how this can give you insight all the way from this kind of microsecond view or millisecond view on up into a monthly chart okay you're looking at the same basic market mechanics it is an auction all right so that's the the transactions now there's another side that we haven't looked at yet and that is the liquidity the heat map okay and we'd have to kind of play with this heat map here and bring up the settings quite a bit okay we're going to look at all the details here okay now it's really blown out but what we want to look at here and understand is the liquidity taken okay or the how the book affects price as well now traditionally or technically the only thing that can move price from one level to the next is the aggressor okay that's technically however you'll note in all sorts of other areas in fact we don't need the heat map setting so high we'll note that you'll see the amount of orders that come into the order book affect price tremendously okay so let's just this is where we start to get into spoofing or other other types of things well in this little area here okay this was kind of new information they were down here in the majority of on the on the bid at 26 okay price came up it traded into 29 went sideways for a bit and then they started to bid up here now okay at 28 and a quarter and we found still more buyers interested here they're starting to pull here as you can see on the offer see how they're pulling in this little area here okay so we have context now between the aggressor and supply and demand where is that demand it's down it's down here it's actually up higher than it was previously there's more demand at a higher level that is bullish in this context because we're finding buyers and they're starting to pull that supply to a higher level okay and price continues to go up here okay so the order book here is the next level it has tremendous impact on price okay so technically it cannot move it but it essentially can it can truly have an effect on on price okay now that's a very very simple and straightforward thing to understand what affects and let's just go to the current market for that okay what affects price here it's always the orders okay the the first level here that's going to affect price is the order book okay where are they bidding and offering it just has to be that way it's just uh then the orders here by the the market buys and sells you you see the reaction and context between the two here okay so it's truly the orders here that is affecting price okay so we're starting to understand now supply and demand and the appetite of the aggressor now we can see the appetite of the aggressor here is pretty pretty straightforward right look at them look at them buying here okay and they're they're charging up after this liquidity they want it and these guys are actually pulling and we're we're continuing to see buyers here so we're going higher and looking for 35 to test okay we're probably getting a nice little short squeeze here we're looking at that 32 now it's still got a little yeah 35 is the a nice little stopping place here this is where price broke from okay so now we're going to take for example that's a much higher structure to look at but we're going to take that very simple basic market mechanics that we've just discussed and we're going to start to understand now uh not only you know basic price price movements here but structure okay and kind of overall and this works into auction market theory and your volume profile and market profile and the simplest structure would be to look at something like this okay we just see three ticks basically going you know three tick wide market here where price seems to be pretty happy right here in the middle for example look at them on the offer up here okay do you see buyers up here no there were some earlier okay now there's none you see sellers though interested down here on the on the bid okay see them hitting the bid right so in this little auction right here you can you can see that we're exhausting out here and you can see that sellers are starting to ramp up their interest in selling more and they break price down a tick here okay and actually the best bid went down two ticks okay and then they're kind of accepted back up into this range and going sideways here okay now we're the point of this is start starting to understand structure okay in these basic market mechanics and we're going to extrapolate this into much much higher time frames okay so what happens down here well we exhaust out on the sell side where the sellers now okay they're one tick higher and they're they are interested here they are selling okay okay but look at these guys here they're pulling their liquidity and in fact we can even extrapolate from this see how they're pulling from this little area here okay and actually pulling from this little area here as well and so they're not even interested down here at 30 okay so it because it went from this darker red kind of orangeish red to orange and they're definitely pulling here at 31 okay now price starts to go away and they add back in so answering the question about them wanting to be buyers here and they do not right so anyway getting back to this little range here and understanding this context here which we'll go over in more detail we come back up and we trade in the point of control of this little area here we go another tick higher and we start to find some buyers we go one more tick higher and we're still finding buyers so now buyers are starting to trade at the higher highs here okay and you can start to look at this you can even look at some of your your profiles okay and start to understand why price is moving when you when you start to see we're not quite getting it here we're not getting like a p-shaped profile here not yet because of the majority of the selling down here okay but you'll start to see for example even in this very very simple structure okay skews in the in the profile skews in the auction here okay and you can start to look for price to test higher okay and explore these higher areas here okay so and there we go and you can see that they they came in and they are reaching for this higher higher liquidity up here at 33 and a quarter and they pulled all right so now let's take that and we just covered and let's look at a much higher time frame and it is no different okay there's just more transactions and more time and more volume okay so this big area here we can cover this okay so actually from the open you or 930 you see the drive down very very quickly retest back up to where where it broke from okay probing that area coming back down and now we see a big structural area down here okay going sideways this entire way here all right so let me clear the drawings here okay now we can start to read also that the same putting the together the same pieces we were just looking at in that three or four tick range okay now this much bigger range here okay well where's the volume trading right the majority of who's in control and there's it's really both on both sides but you see nice clusters of volume down into these areas here okay buyers come in and move it right back up but it does not sustain that move up here there's no more buyers up here what do we do we drop back down to where price can trade in this range here this is going to start to build out your most traded level your your median your point of control okay you see again price discovery to the downside it whips right back up but again where the buyers up here that just very very little buying up here into these areas and it comes right back down okay now and here we're starting to get some pretty good insight because you can start to see that and in fact i'm going to change this over to our our volume delta dots this is a new feature in book map just the visualization is much nicer so you can start to see a little bit clearer now see the selling starting to come in here buyers whipping it back and forth here as well but we're making lower lows now okay and and then here we're starting to get some really nice insight okay so lower lower highs lower lows coming down looking inevitable to test this area here we do and then we here's where we see the break look at the sellers come in and they start selling down below that area and hitting it pretty hard okay but we're getting insight and clues to that in the structure just from this little area here okay you can you can start to understand even this area here in terms of patterns okay wedges for example okay breaks of that here come back comes back up retest that area here but there's just more selling pressure and not enough buyers we come back retest here and then it breaks okay but you can start to read it in the order flow in this area here and this is the kind of insight that you're getting okay so patterns are always defined here by the order flow and in fact if you start to see this kind of pattern here but you see more buyers up at these highs here that pattern is going to fail the likelihood that that pattern is going to fail is much much higher you might get the break down below it but it will reject you'll find buyers come right back in back to the other side here they'll break the trend line and it will come back up and test into the high liquidity up here okay based on reading the transactions and the supply and demand in the book all right okay so now we've covered the basic market mechanics we've gone through the structure okay now we're going to start to talk about one more level here a little deeper and that is about the context between the the aggressors the volume okay and the supply and demand in the order book okay and the effect that it has on price we already mentioned that and talked about that look how we came back down into this area here we're very high liquidity at 2935 okay that's where we're actually just coming back up to test right now okay currently and this is exactly why is because this is where this broke from and there's a lot of volume and a lot of liquidity probably up in these areas here but we'll take a look at the liquidity in just a minute so we trade back your trade down is this area here and look at the buyers on the bid here okay look at the effect that that actually had on price okay so we're showing more demand at these areas here now this isn't that aggressive in fact they're down below 35 they're bidding up though in these areas here they want to be buyers is what it looks like but they're not really chasing up after it a little bit okay you can see it in this area here starting to chase up after it but anyway the they start to pull when price comes right back down okay and anyway we come back up and test to where where does it where does it go it comes to test these areas of higher liquidity you'll see these areas of high liquidity just like magnets a lot of the times that these are the targets okay so if you're looking at for example a chart without looking at the heat map or liquidity like this this is what your view looks like okay you don't have that insight to what's going on at these areas and why price might do something like this okay and where it might go okay and why didn't you see buyers at the top here okay well why didn't it go higher then all of these questions can be answered when you start to look at more data and more understanding of what's going on in the order book this is the kind of context that you want to understand between volume structure and the order book all right and we'll see it again and again and again all right so you're truly starting to understand now from those basic market mechanics on up in too much higher time frames okay now this isn't some sort of indicator this is just the market it's just just visualizing what's going on in the market now we're seeing something really interesting up here now and we look for this and you know bookmap has education that comes with the with the subscription but this is one of the things we look at here okay is this area 35 here is a pivot and this is where price broke from okay sellers were certainly in control there's no question about it as they continue to hit the bid and they just took all of the liquidity going just cutting right through the all of these areas down here okay they they took the liquidity here here here and then finally finally at this point here as we answered one of those questions this is where we're starting to see uh it's starting to slow down a little bit okay and down the the end here now coming back up here really we want to see if the the buyers and they are as as we can see so far there's a lot of buying pressure see how they lifted the offer up back into this range right now this is going to be a point of control no question i mean i can already see it here and we can turn that on as well so let's just uh let's just do that and here's our point of control here this white this blue line at 37 okay now we're up above here okay so we got it what we've got to do here is and if we're going to see this price go higher okay we've got to see a lot of buyers come back in and support this okay it's and this is the most traded level here is at 37 okay we're actually down below it still okay so what we need to see is buyers come back up and start to trade not only into 37 above it though okay this is where they need to and it has to be a lot of volume here and why is that because this is the point of control this is the most traded level okay now if we get those big volume dots and this is these scenarios that we want to go through and understand in the order flow and we start to look at these areas see how the buyers are starting to climb toward that 37 area here it's going to take quite a bit of volume okay and buying to move it away from that point of control okay because this is an area where it's fair value okay we're starting to read now this in terms of auction market theory let's see a quick question i see here and i'll um i answer this because um it's on my list here to to cover this but i'll just cover it right now the mini or the micro will be available in book map book map yes it is and or yes it will be in fact it already is for the micro gold euro and crude okay but for the stock market indexes it will be there's a really nice advantage there as well i think you guys will really enjoy you can look at the big contract the es here okay and then i think it's going to be called the m es right for the for the micro uh but you can have your transactions taking place uh in to the the micro contract all right anyway uh we've got to move forward here uh and there's still a few things to cover uh and then um we'll get to some of these questions as well okay also in the if you guys are interested i put into the the chat here uh the the deal through top step trader that you can get for book map okay so click on the link there uh and that will give you the and you can read the different options that are available there okay so anyway we're looking for a scenario here a couple different scenarios to three different ones in fact we're back at the point of control and we might just chop here all day long okay that's one number two is we're looking for big buyer buying volume to lift it up away from this area and establish it maybe above this range up here at 40 okay uh and we we need to see a lot of volume trade in it and for that for that to happen now if we don't get that buy volume trading and we start to exhaust out then we're looking for sellers to come in on the other side okay and for them to trade in the test back into some of these lower areas here and we'll see it we'll see that the sellers are starting to pick it up here i mean the the the big red dots uh charging after the liquidity here on the bid all right so now one of the things that i wanted to cover here with you guys too because uh you know at top step trader you're going to have actually quite quite a nice advantage here uh that um for your trading and for debriefing your trading activity and that is using the bookmap one-click trading okay so uh i wanted to cover this because i have learned so much from this and so have many of our traders when you trade from the bookmap chart everything is recorded okay and i'm going to trade right from the bookmap chart here that you can also trade from the dome and i'm just going to set some orders uh and um there's bracketed orders oco orders trailing stops etc we're just going to set some some simple orders here and you know there's five here on the offer and then there's five here down on the bid and i'll put some more uh as well okay now the one-click trading here in bookmap um you know trading in this little area right here and why this is a really nice advantage is because it's recording all of your actions okay now i can lift this move it here just left click hold and drag it up see how it's recorded all of my action there if this is when i set the order precisely and this is when i move that order very precisely okay back up to 38 and three quarters okay so when you start to get filled in an area you'll you'll understand um you know where where you got filled okay there'll be a triangle here and we'll go through some trades in just a moment and then you'll start to understand what were your actions did you move your stops did you move your targets uh why did you do so how did you manage this why did you get involved in a certain area uh did you chase up after price let's say you wanted to be a buyer but you're you know you you moved up here and you're chasing after it why why did you do that this is an excellent coaching tool okay uh if you're you know working with uh your mentors at top step uh being able to look at all of your trading activity and debrief it very precisely okay which is a really nice advantage here okay so i'm going to just cancel these here and uh i want to go over and show you uh some examples of this okay all right so actually uh this is actually from my twitter account i just want to show you though um uh for example a trade here okay that that i took okay these are my reasons here but you'll you'll see um and let's just zoom in here a bit more uh let's see open this in a new tab so i can go full screen okay there we go all right so so here here my train my my my actions in in fact so you know there was actually a pretty important little move back and forth banging around this point of control here and then i saw buyers starting to come in here okay so i jumped in okay i'm looking for the buyers to take this take this higher up into these areas up here okay and i move my stop up very aggressively here okay i'm looking for the buyers to take control now in this little area here okay so i'm willing to take this risk i i do not want to take it down to the bottom of this area here you can even you can see where i move my stop up okay this was my decision okay now i got stopped out on this okay and um there's my loss now um you know i can go back and take a look at this and in fact um i still like it i still like my decision you can see where the buyers actually started to pick it up right in this little area right here okay and uh lifted it higher so my stop was just below that little area okay so i'm looking for buyers to support it again just one tick higher here okay well i got stopped out and price went a couple ticks lower i jumped right back in i saw buyers coming in again now you can't see it because the the triangle is um covering it i jumped right back in i had my reasons for for doing so okay and in this sense here we can see this worked out pretty nicely now my target was originally set here at this liquidity at 94 yeah i started i started to see the buyers coming in uh i know it's going my direction i know they're in control here i moved it back up into and front ran liquidity here up at 96 okay and this is where i ended up getting filled okay so anyway all of my trade actions here i can explain them and go through them because it's all recorded here on through the chart this is an excellent debriefing tool okay now i want to show you as well not just that and i can put this into the chat for you guys as well if you want to take a look at some of our other traders okay and their trading activity okay so for example this one here by walter he is starting to document his reasoning for getting involved into this trade here okay his entry here he saw very high liquidity here on the on the bid and we're not finding sellers uh transacting into it we're in fact once he starts to see the buyers come in on the other side he gets in okay and he's looking for taking this to wear okay actually uh he's looking for a bigger move uh because uh you know looking at the other side of the range i would probably take half off up here at the top of this range okay he didn't uh he was looking for the next level of higher liquidity up here okay and he started he started to see the uh the large volume and absorption up in here and he took his profit right up into higher liquidity so we're not talking about fibonacci levels here we're not talking about uh you know floor trader pivots whatever it might be this is just where they're bidding and offering it is the auction that we are reading here okay and putting together now if those areas of liquidity match up with your trading methods such as fibonacci levels all the better okay now you have much higher uh understanding and reasoning behind why price might go into those levels and why you might want to take your uh profit in some of those levels okay or for example i don't know where walters stop is here but he may have set it down below this high liquidity here they have to chew through all of this liquidity or at least chew through it or pull it uh for him to get stopped out okay so there's his risk reward you can see you can set that up so nicely and it's all there with the the one-click trading in book map okay he's not using it here in this example but anyway there's several other trades and transactions from our traders if you want to take a look here and go through the reasoning here's a stock trader as well and he's documented very nicely his decisions here why he got involved in some of these trades and how he managed his targets here target hit high liquidity etc beautiful stuff here okay this is frank all right so now we've covered the one-click trading talked about the context of the market uh and you understand what you're looking at in book map the um and we continue to go higher look at this look at this okay so this was our scenario that we were going through okay now it's not a whole lot but it's enough right where the scenario was we're gonna have to see a lot of buy volume here pull this higher okay and if so then we start targeting higher liquidity here okay this is the scenario that played out okay so i'm still looking for it to go higher okay i'm looking for 40 all right let's zoom out a little bit and let's start to look at bigger structural areas now too okay so 40 looks pretty good and uh yeah the next level after that probably 42 and then after that we can get back up into 45 area this is all pre-market here of course here's our 930 open here all right so starting to understand the auction and starting to understand these uh you know where they're bidding and offering and the appetite of these buyers and sellers here okay and yeah it's looking good okay we're almost at at 40 as it is okay and we were just talking about that very very simple read okay let's put put more context together here as well okay look at them here on the bid they're bidding up in these areas here okay so in fact you can see a bit of a flip here uh there was liquidity here on the offer around 35 now it's flipped over to the bid now they've been bidding up actually the entire way okay so this is pretty pretty bullish here all right so anyway putting those pieces together uh and then starting to project uh and anticipate where we think price is going to go all right so let's go over one of one more thing here almost been going an hour here and then I'll just get to your questions um I wanted to mention this because you guys have um your your excellent data feed uh with um with rhythmic uh together with top step now this is something that from the CME group that they uh offered uh I think a couple years ago uh however I don't see a lot of people taking advantage of this uh market by order there are there's much more information now in transparency that is coming from the CME with this market by order this mbo data here and uh it is rhythmic that the combination between rhythmic in the CME and book map uh that you're able to read and use this information to your advantage and what kind of advantage does it give you you can now start to understand larger players uh precisely larger players and we have an indicator uh and I I cringe to say indicator because um indicators are usually some sort of derivative uh this is not some sort of derivative it is very objective market data we can read the the market by order data now okay we can know precisely when a stop run has taken place precisely okay you will see the triggers of all of the stops and they're tagged with a stop order we can know precisely when an iceberg is getting hit okay it's tagged and we can also know precisely when that iceberg order has filled completely okay this is all very objective data this is another level of transparency that you're getting access to okay so I don't know if that's what you you consider the question about level three data but this is something very unique and very very powerful and I'll show you where you can even get access to that right now within book map okay we're offering a free insight or trial to it and it's here in the book map forum now this is the wiki let's go to the forum okay just a moment here all right so just go to bookmap.com slash forum and then go to bookmap api here okay if you're interested in this okay there's all sorts of information about it here okay there's also information in the the wiki all right so you can scroll down here and you can take a look at there's a liquidity tracker here but it's this indicator here okay advanced cvd okay stops icebergs large orders okay more information also in our wiki if you just click here bookmap.com wiki and then slash wiki and then go to bookmap api all right so I just wanted to mention that because this is very unique and it is available now all right okay just shy of 22940 here they did not have the wherewithal to to trade up into it getting a pullback right now okay and where do we think the pullback is going to go well the liquidity here back to point of control in fact it looks pretty good all right so let me get to your questions now okay we answered michael your question about pulling and getting filled let's see yeah with the candlesticks yeah you can plot one one minute five minute whatever it's it's up to you however you you want to view your your candles okay so you have it's it's all time-based though it's not the volume or anything like that all right okay um let's see or one hour yeah that's possible as well what options are available there in bookmap I assume you're talking about pricing okay so I put that into the chat there that you can you can take a look okay and I'll put it back in if you want so here you go okay so that's from the affiliate link through top step that that that is not available from our website it's available only through top step you're welcome you're welcome uh let's see yeah well there's a question here about the current order book and the depth yeah you only see um you're only looking at limited depth I mean looking here and rhythmic for example and there's others other data feeds as well that offer a full depth like dx feed but those are the only two actually that I know that offer it for the cme okay so you know cqg offers full depth of market for comex and nimex exchanges but not the cme so you're not going to see these levels here as being live way up here you'll see these numbers change see how it just went from 32 to 40 up here this is live this is way outside of 10 well outside enough okay but you'll see all of these levels here we'll zoom vertically and all of these levels every now and then you'll see them change here as well okay way outside yeah yeah so then that's that's correct the you're not seeing it because your your your data provider is not is not offering full depth of market okay this is a really big advantage more transparency is is being offered now to retail traders this is a tremendous advantage for us okay the way that this data is is being visualized and access though is is is the key here they've been able to to comprehend it easily and see it and be able to react react to it Andre I'll send you the link to the webinar later okay thank you Michael for the compliments there isn't this for four hours I mean no we got to end it up here in just a few minutes but just wanted I wanted to get to your questions I really I really wanted to get to you top-step traders I wanted to show you that one-click trading though it's a very powerful debriefing tool you're going to learn so much about your trading and your decision-making when you can record all of your trading activity okay and it's on the chart then you can really start to question why did I do this and what can I learn from it and how can I improve it next time just a tremendous tool so let's see here another question is the sharp delta indicator okay yeah no I'm not showing I I close the cumulative volume delta here on purpose there's all sorts of different settings for this cumulative volume delta as well let me show you here I didn't I didn't show you guys the studies configuration is this tool up here this microscope there's all sorts of different ways of looking at the candlesticks for example that I'll answer that question on the candlesticks you know the size of it the the minutes that you can or hours you can put in here for example there's a correlation tracker with the book map global plus the cumulative volume delta is here there's all sorts of settings and resets of looking at this and multiple you can put in multiple cumulative volume deltas so there's that some heat map settings that we went through iceberg detector large lot tracker these are add-ons here these are proprietary indicators we developed that you get with the book map global plus trade alert and balance indicator yeah the v-wap and then looking at the volume all sorts of different ways of filtering for that volume as well not only through the clustering but also minimum size and the minimum minimum trade size and also minimum displayed volume which I'm going to veer away from that one and maybe explain another time if you guys are interested okay let's see here a few more questions and we'll wrap it up can you use range charts donovan so this is not about there is no time frame here in book map because we don't aggregate the data so it's just time just flowing here okay now there are time slices here in the in the book map toolbar and the way it works okay let me close this up here the way it works is the viewable chart range here is what is going to be displayed in the time slice so let's say I want to look at just 15 minutes of data within my viewable range choose 15 now from here from the left point of the chart to current market is 15 minutes of data always consistently all right so what anyway there are like I said no there are no time frames here it's just best bid and offer um let's see on the programming side yeah I would I would point you again I think to the wiki as well as the the forum for for looking into more questions on that okay so let me show you that again okay that book map com slash wiki okay simple as that or book map com slash forum as simple as that and that'll take you to the you know to the forum okay all right and let's see a few more questions and then I think we'll be finished here the micro gold symbol and book map where can you find it um well yeah I mean you'll you'll you'll need to input the the proper uh you know symbol name uh and as that depends on the broker as well okay or data provider yeah yeah we'll send a link to you guys we'll email you and a link here to the recording of the webinar okay um Vulfx FX um let's see I'm not quite sure exactly what you're you're talking about there um how much does the data cost that will vary uh Mahesh uh between the different data providers okay uh in terms of maybe you guys are you know trading the currency futures okay well you know I have the 6e up here if you want to take a quick look at that okay now these markets trade a little bit differently uh and um you know they're heavily hedged uh but um anyway it's the same same stuff that you're looking at here that we covered in the ES okay it's just different uh different markets though they obviously you know different liquidity uh and that's gonna you know really uh and different players as well so we're really talking about the details of what's going on in each market and each market's uh different characteristics that you'll see okay yeah the DX feed offers that full depth okay as a data data provider okay so you can connect book map to uh to that there are many brokers offering book map okay so reach out to your broker and ask uh so you'll find it out there somewhere uh and if not just uh here let me let me take you to the website here this will be the easiest to answer okay so on our website here bookmap.com if you just go to connectivity and scroll down here these are all the ways of connecting book map okay that's available okay now if you're a stock trader it's you can also connect to book map digital currencies as well the data is free so you don't have to worry about it's not listed here but uh DX feed is the only way to connect to us equities data okay you will need to subscribe to this for us equities okay if you're an equities trader now they also offer it for futures though too okay so they cover both okay and i also want to show you guys and get back to this here uh yeah so if you're interested i'll put this back into the um to the chat here okay so uh if you're interested in the pricing details there okay now those those are the specials here the the specials are listed here okay global plus for 147 for the first three months and it's 297 so you're getting a half off for three months or you can get global plus is this includes all of the add-on indicators okay for basically half the cost as well for the first year right uh and or you can buy it lifetime here uh and and uh if you get the global version for lifetime it's not global plus it's global but you'll get the add-on package free for the first year okay now that's good for version six seven and the future release of eight right so those are the details on that all right i think i've answered your questions uh does it connect to ninja yes you can also connect in to ninja um uh through the api of ninja i don't recommend it though or we don't recommend it uh because the data is going to be touched by their uh their software so go with the any links in between the exchange uh and bookmap uh is most likely it's going to affect the data some way okay or you know has that potential right so uh we want to try to get the cleanest best most reliable data and transparent information that we can so it was bookmark global lifetime nothing to be paid ever yeah it's uh maheshi yes that's that's correct um the only thing though is like it is uh good for uh future release of well current release current data and then future release of eight so i mean it will be uh up to date for several years okay but if you wanted then to upgrade to like book map nine and ten several years from now uh for example uh you can it will be just like uh you know purchasing microsoft office or something like uh in the past where you just you know you can upgrade right so you don't have to pay you know a whole lot but that you will have to upgrade and we haven't even cut you know crossed that bridge yet all right so um uh when is when is eight expected i don't even have a clue uh you know i haven't even heard talk about eight yet okay so like i said this is going to be good for you know several years to come all right guys so i think that's it we're going for um about an hour and 15 uh anyway um yeah thanks for coming thanks for the opportunity uh to to present to you guys and uh yeah i hope that uh you find uh you know this uh intriguing or interesting and and you know want to give it a try like i said this is a good time for for retail traders there's much more transparency uh being offered in the marketplace here and we can be very nimble uh with our um our trading compared to some of those larger players okay and we're getting a lot of insight here uh so um anyway yeah i'll email you guys the uh recording soon later today and you guys can take a look at it thank you very much for coming bye