 Okay, welcome to the Bookmap webinar. We'll go through the order flow in the live markets here. Risk disclaimer, trading, equities and futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. More information, go to bookmap.com. Become a member there and there's lots of free resources and you can reach out to us at support at bookmap.com. So let me show you where you can find Bookmap. If you want to give it a try, just go to bookmap.com. So it's Friday. The link for the webinar, I will have a new one here in a few, about 15 minutes after the webinar finishes today. So if you want to sign up for all of next weeks, you just need to sign up once here and you're good to go. Let's see here, let's go down to some of the pricing information. If you guys want to give Bookmap a try, see what it looks like, how it works for you, you can. There's a 14-day trial period for all of the products here. And basically there's two products here. There's the Bookmap Basic and the Bookmap Advanced. And you can see the pricing and the billing. The difference between the two, the advanced includes all of these add-on features. So we can go through some of these. If you guys have questions about them, let me know. And the ability to trade from the chart. With the Bookmap Basic, you do not get that. And then these are other package deals here with a data feed, with DX feed. This allows you to access U.S. equities. So you can still access U.S. equities with the basic or advanced here. You can just add the DX feed afterwards. We're just offering it as a package here. So it's up to you. And if you access a lot of the futures data, then I would go with the basic or advanced and then add DX feed if you want to access the equities. And the way you do that is you will log into Bookmap and then you will upgrade here. So it's a pretty simple process. And that's the different versions. Then let me show you here, under Education tab, where all the videos are here. So Video Snippets. You can watch them here. You can click on the playlist. It takes you to our YouTube channel. And go through these videos that are very concise and go through the order flow of what, or a phenomena that Bookmap is displaying. And then you can review the recorded webinars here with this link. That'll take you to our YouTube page as well. And you can see all the webinars here. And here is yesterday's, for example. All right. Subscribe to our YouTube channel as well as follow us on Twitter and you'll get the most up to date information here in Twitter. Okay. All right. Well, let's see. Just the end of the week here, but there was some interesting stuff in the news for Amazon and Whole Foods with a buyout. So both stocks are up. Let's see. That's not the right symbol for Amazon, is it? No. There we go. Okay. Anyway, we can take a look at that if you want to see what that looks like. I mean, obviously, stocks are different. We have a really big gap here, as you can see on the daily chart. But we'll take a look maybe. And I'm just curious myself what that might look like. All right. Other than that, the audio is breaking up. I'm not sure what to tell you. Other people having an issue with audio? No. Okay. Yeah, Craig, I don't know what the problem is then. You might want to log out and then try to log back in. Okay. Well, anyway, let's go through the process here and look at some live order flow. And what we're going to do is we're going to first look at the macro view in a market and then the microstructure in book map. And then we're going to look very closely at the order flow. Okay. So we're integrating and drilling down from higher timeframe to more microstructure, mid timeframe, and then, you know, the low timeframe here with the order flow. All right. And this will allow you to pinpoint your entries and exits and also your trade management. And then we'll get into the next slide here, which is the auction process. Okay. But we'll just back up here and we'll first take a look at some of the higher timeframes and then look at that auction. Okay. Or microstructure. All right. S&P has been going back and forth. Take a look at that market. I mean, we are coming down into some interesting areas here and we're starting to see some tails on the, or some pins on the half hour chart here. So let's take a look at the S&P. We'll start off and look at the much higher timeframe in the daily. You can see that we've been going sideways here for several days at all time high areas. And we are in a range, though, and let me zoom in a little bit more. And you can see the breakout from the previous range and you can see this area here at 2400, the figure in several days of acceptance and buying up in that area. Now we're starting to see sellers come back in. Okay. Last three days. So that's the daily chart. We're coming down toward that 2400 figure and here's the half hour chart and zoom out a little bit and get a feel for what's going on. Okay. Yesterday we saw this move up into our, I think it was around 27, 2427 and we started to, it wasn't particularly strong, but we did start to see a little bit of a roll over in the order flow and we did see some follow through as we ended the webinar. We went through the replay mode, but we did see that the order flow did kind of shift over and it went back down and it tested where? It tested down here, okay, where it broke from, right in this area. Here it broke to the downside here and then on the upside, we can see this is where it broke from again and this is exactly where we came down and tested and then, you know, be really curious to see what that order flow looked like here. I can imagine it, but we saw follow through to the upside for the rest of the day. Buenos dias Francisco. Okay, so where did we go? We went right back up into this cluster here or, you know, a traded volume and you can see we went sideways and you can see the sell off here. Okay, so we're right back down into this zone again. Okay, and I'm actually, you can see here, we can even kind of outline this little zone here and we already had a line there from previously or maybe I didn't, but yeah, this is where I'm looking and it coincides very nicely with this break here to the downside, right? So I want to keep an eye on that area at 21 and then also this area here around 18 and then, you know, we can even take this line and go a little bit lower here into the swings from yesterday's low. Okay, around 24-16 and a quarter. All right, let's take a quick look at a five minute chart. Just trying to get an idea of what's going on in the order flow and yeah, we just continue to move down. So, but like we said though, we can see some buying starting to come in here. Okay, so I'm imagining we're going to probably see some absorption here in book map. Let's take a look, okay. Yeah, I mean, you can see here, we're still in the downtrend environment and the structure here, the microstructure, you can see the break at 9.30 and a quick move to the downside and then we can start to outline our microstructure a little bit more and again, I should probably just say structure instead of microstructure. But anyway, looking at something like this on a trend line and then we're also looking at on the horizontal little areas where we broke from and we came back and retested and you can see that here, for example. We broke out of that area here. In fact, it kind of works both ways here. It's not the cleanest, but we can see it. There's a cluster here that traded and I can bring this up to right around here and you can see the swing back to where we broke from here, move back down, move back up, time and acceptance up into this area here. But then and then we break from that yet again. We come back and retest again. So you see that this kind of structure and this kind of sweeping of the book is very powerful and Bookmap shows it really, really well. In fact, I'm going to take a moment and show you what I mean by sweeping of the book. This is getting into the mechanics of order flow and just market mechanics in general and understanding this. It's important and you can see it on all timeframes. We're seeing it in these structures here. You can see it on the daily. You can see it on the monthly. It really doesn't matter. The definition is going to be a little different for those other higher timeframes, but the concept is the same. In the go-to webinar handouts folder, you'll see there there's this document called the Bookmap HFT intro guide. It's a PDF file and I'm going to come down here and we're going to cover sweeping of the book. So this, that's the wrong one. This is the one. We just have it a few times in here. So this concept, sweeping prices lower, breaking below levels. This is usually how we break below levels. You don't get just a sweep of one price level. You get several price levels. And usually you'll break out of a trading range with a pretty aggressive sweep. It could be a stop run or it could be someone just being very aggressive or it could be both. So here's the concept and I'm just going to show you one price level. And then I'll show you in Bookmap how it looks in several price levels. So here's our auction, best offer, best bid. You can see the price here and you can see that there's 60 contracts here on the best bid, 20, 30, 60. Someone comes in with a market sell order and hits the bid with a hundred lot. So what happens? Well, they sweep this entire price level. They take these 60 contracts and they sweep that level and they take 40 contracts, the remaining 40 contracts from the price level lower here. So their average position here is going to be 60 on this 20, 62, 75 and then 40 on 20, 62, 50. That's what happens when these guys hit the market sell button with large size. They've actually moved price against them a little bit. Their average price is lower down into the, you know, drips or dips down into this 62, 50 somewhere in between here. That will be their average pricing and that is why most of the time you'll see larger players using limit orders because they don't want to move price against them. And they'll use iceberg orders because they don't want to move price against them, but they also can hide their high liquidity with their limit orders or their hidden orders. So anyway, let's go through the mechanics here. Now, the remaining orders here in the book, the rest of these 40 contracts, what happens to them? Well, they jump to the front of the line and then what happens behind price? Well, there's a vacuum. The bid offer will, the spread will widen by one tick. Okay? And unless these guys immediately start offering one tick lower. Okay? So that's how you get these, the widening of a spread like that as well and you get this whole price level here at 20, 62, 75 has been swept. Right? And then, yeah, now the bid is at 62, 50 and then at 63 is the offer. All right. Columns, yeah. We can go over the columns today, Francisco. That's a good idea. And so that's the sweeping of just one price level. Let's take a look here at several price levels. What happens? What does that look like? Okay? It looks like this here. It looks like this here and this here. All right? Now there's some buying in here as well but the majority of it is selling. That's why this drives lower. Okay? This is probably the best example because you can see that there's, you know, a lot more selling and a little bit of buying in here as well. All right? And you can see we came back and tested right where we broke from yet again, right here in this area. Okay? All right. So let's take a look here. And so that's that concept, breaking from that level, testing back to where we were and we saw it with just this one horizontal line several times. You know, here's where it stopped. We came back up. We broke through it here a little bit higher, more like three ticks or four ticks higher here. Okay? But then we came back and retested here, broke again here to the upside. So it's banging around back and forth and then it broke again here. Okay? Came back and retested and now we're right at that level again. Now, this is an interesting little area right at the moment because we do have some volume trading above these little swings here. Okay? A tick lower at 2275 and we have the trend line intact right here. As well as this horizontal line that we've been banging around back and forth. So, you know, there's potential here. If we get the nice cluster of volume trading up above, that the next swing would be this 25 area here to test. All right? Okay. But we'll get to that in a minute here with the auction process and the order flow. Okay? Because some interesting things are starting to materialize right now or last several minutes, I would say. But anyway, we're looking at this microstructure and we're understanding this microstructure with that concept of sweeping of the book. Okay? On a higher timeframe. Okay? Not just one price level. All right? That's what I wanted to get across. All right? Because you're going to see it again and again. And it's just how the market breaks. Most of the time it's how the market breaks from one out of one range into the next. Okay. So, that's our microstructure. And now let's go to the auction. Okay? All right, so we're showing up to the market. We want to take part in the auction. We want to know first where the majority of the participants are in this auction. We want to understand the configuration of the limit order book. That's how we read it digitally. And then we want to understand how these participants behave when price approaches them. Okay? And we can read this behavior. And it's not just one behavioral aspect we're going to look at. We're going to look at many. And that's going to give us a really good picture. Usually does to what's going on at that area. Okay? Not just one price level, but several price levels in various times as well. All right? That'll give us a really good understanding of how this auction is behaving and the intent of these traders in the auction. All right? And then we're going to read where they're taking their positions. Really, where is the market transacting? Okay? And that is traditional tape reading. And we'll take a look at that. And then now we'll have a holistic view here of what's going on in the order flow. Okay? Very objective. All right? It's not this process is pretty straightforward and an objective. All right? Okay? So we're almost up to 25 here. All right? This is what we were looking for. I think we'll probably get a little retest right now back to where we broke from. Probably right into here around this 23 and a quarter or 23 and a half, something like that. And then maybe we'll get one more extension up here into 25. All right? So anyway, let's go through this auction process. Okay? So let me zoom in a little bit. And the first question was, what is the current configuration of the book? All right? Where are the majority of the participants? Okay? And let me adjust the heat map a little bit and we can see. We noticed them earlier. They're here at 25 on offer. That's where they want to sell. Right above this little swing here. Okay? Where are they on the bid? Where do they want to buy with high liquidity? They're down here. They're down here at 21. Okay? And you can see it here in the limit order book in book map. All right? Let me, I'm sorry. Let me widen these out just a little bit. Okay? In our limit order book, you can see it here. This is the best bid and offer here. All right? And it's here as well. And then these numeric values here are given a graphical value in the heat map. So whiter or lighter areas are higher liquidity. Highest in the book right now in this view is here, 1,300 contracts. Okay? And immediately you don't have to, you know, read the numbers. You already have a good understanding of this auction already by a glance. All right? So that's the current configuration of the book. Now let's answer the second question. How do they behave when price approaches them? Okay? And we can answer that now too. Okay? This is shaping up pretty nicely for us. Okay? Look how they behaved here on the bid. Now we're in a downtrend. All right? But these guys wanted to buy pretty aggressively here. All right? In fact, we know that there were almost 1,400 contracts. Yeah, there were 1,400 contracts here at this price level, which is higher than the swing low. That's aggressive. That's bullish. They want to be buyers at a higher area. All right? Now, how did they behave when price approached them at the last second? They pulled. Okay? And we can read that exactly. I can click on the hand tool and zoom in here, and we can see that. Okay? A little bit of volume traded down here. Okay? Now the majority of that liquidity pulled. Now it moved away, and this is where it tested them at 21. Okay? They pulled, and then price moved up a tick, and then a tick or two, and then they jumped back right back in though. Okay? So, you know, they want to be buyers at a higher area, but they're not completely sure here. And it's not good to see them pull at that last second, but they're still placing their orders here. Okay? If they pulled completely and did not come back into the book, then that would show they had no intent at all to trade, basically. All right? So we're getting our pull back here. This is exactly what we were looking for. Right? To this 23.25, 23.5 area. And now let's see if the bulls are still in charge here. We've got, you know, technically in our microstructure, we've got two different things to lean on. We have our trend line. We have this horizontal line where we broke from. So this would be for anyone who's bullish, this would be your low volume pullback into where we broke from, and then look for that extension here. Okay? We need to trade above this... We're already trading above this microstructure here, as you can see with our line. All right? We need to trade now above and accept above 24.75 or 25. Okay? And that's a... We need to test it first. And I think the bulls will give it a test, at least, up into that area and see if they're really our sellers or not. All right? So that's the behavior down here on the bid. What about on the offer? Okay? Well, they're getting aggressive now, too. You can see as price is coming up to them, they start to add into the book. So they want it. It looks like they want to sell here. All right? Now, it's not the highest liquidity, but it is higher than the other areas around it. All right? So we still need to test right into them or one tick away and see really what they mean. Do they want to get filled at these areas or not? We're gauging their intent to trade. All right? All right. So the other areas around it, that is what I described earlier. We want to understand that will give us a much better picture of the context of this auction. So we see there's two different price levels here, where they're providing higher liquidity. And here, I mean, you can see down on the bid, these guys didn't even get tested here at 20, and then they raised it one point higher to 21, and then yet again here. All right? So these are several price levels. So we're starting to get a feel for the buyers in general. All right? So now we have a lot of information here. Good information and good insight. Okay? Looking for this potential reversal. Okay? Just by the auction itself. Okay? Now we haven't gone over the transactions yet. Okay? That's the third piece. Okay? The tape. Really where are the transactions taking place? And this is an important part of it. Okay? And let's zoom out a little bit and get a feel for it. All right? I mean, we see a lot of transactions take place up here. Okay? Compared to these other areas. All right? Well, this bodes well. All right? We're not seeing a lot of selling take place here yet. It could change. But for the moment, you know, I'm seeing a lack of selling on these two little points here down to the area where we're looking for that pullback. Okay? And we had volume trade up here. And a lot of buying traded up here. There was a lot of aggressive buying. And there's some selling in these areas too. But I think there's enough buying here to justify a test to this 25 area. All right? So what we're looking for here, I mean, we have our volume profiles. And Francisco, I'll go over the, yeah, the cumulative delta. I'm not going to go over that today. I'm going to go over your columns. I've been promising to do that for you. So we'll look into that. And I'm going to start to bring it in right now, looking at our volume columns. Okay? Understanding the volume here in the profiles. Okay? And the CVP volume profile is of what's viewable in my range. It gives the chart range volume profile. And the SVP gives the volume profile since when I opened up book map. Okay? So if I zoom in here, okay, now you can see the CVP reflects that. Okay? Of this data here. Okay? SVP instead is still showing all of the volume collected, or data collected during the entire session here. All right? Okay. All right, well, we're back up to our 24 and a quarter, 24 and a half area. Haven't gotten to 25 yet. But we did see a point move out of that at least. And let's see, looking for those buyers to show up again. Okay? And we go through this process and you gauge the understanding of this auction or the context of this auction and the intent of these traders. Okay? And we know there's transactions that took place up here. So this is a really good sign. Okay? We saw them bidding it up here. That's a good sign. This is not the best sign is to see these guys here at 24, 25. Okay? And it looks like they want to sell. I'm going to test right into them now, I believe. You know, who knows, S&P always rotates one more time. But the, yeah, possible, let me try to cover this quickly because it's starting to move right now. Okay. So now we want to look at these guys pulling here and we want to see if they're going to throw some bids at these higher levels here. If they maybe want to support this breakout area, we have, you know, on our microstructure, we have two different areas here. Technically, we have our trend line as well as our horizontal line and our sweeps of this area and back and forth. Now, do they want to be buyers? If they do, they're going to start to show pretty high liquidity down here. This will be the deal for them, to pull back into these areas. Right? And that will skew the auction. Okay? The auction will be a little different then. Okay? Because you can see that behavior does not exist. The highest liquidity was here at 21.5 and then you can see it at 21. Okay? We want to see them start to get very aggressive with their limit orders. Skew the auction. We want to see those aggressive buyers jump in here. Okay? That hasn't happened yet. All right? Okay. We'll see a skew here. I'm, you know, high probability that we'll see some sort of skew. These guys may just pull. That will be another skew in the auction, though, if they pull that high liquidity. And here they are. They're starting to. Right as price is coming into it. Okay? Let's zoom in a little closer. Okay? And when we're starting to gauge the intent of these traders here on this offer. Okay? As price came up, look at how they pulled the last second here. Okay? Price moves away. They jump back in. Price comes back up. They pull again. And this is showing that kind of behavior. They're not really that interested. Okay? If they were really interested, they would not only be keeping their orders here. They would be being, they would be aggressive with it. All right. There it is. Okay. Now we got our test through 25 and see that skew in that auction. Okay? We started, we were looking for this kind of behavior. Right? But then they pulled very quickly. Right? So we traded through into, and these guys did pull last second, as you can see. Okay? We have transactions taking place here. But these guys pulled here on the bid as well. Right? We want to see what would be very bullish to see here is a flip of the book. These guys that were here on the offer, want to see them flip over now to the bid side. All right. So any questions on this? Is there any questions on this process of reading the order flow and, you know, I'm trying to make it really objective for you. But you can see that, you know, starting to understand this auction and starting to understand the transactions within our higher timeframes, you know, really gives us a nice insight. Okay? Our higher timeframes and our micro structures. Okay? I mean, what the webinar started here at 11, and we were starting to look for that kind of behavior. I think it was right around here, you know, down at 23. So, you know, it's just a couple point move. But, you know, we noted the behavior here. Okay? We noted all the transactions taking place up here. And now we're seeing a little bit of follow through too. Okay? Next swing here is the next stop. Okay? And look at how they're providing the high liquidity up there already. Okay? They're already jumping in. Okay? All right. Let's zoom in here a little bit. Now let's look for maybe a pullback to where. Okay? Where we broke from. Maybe we'll get a flip of that book now. And let's read the strength. Okay? Put this into context. This is what is so important, is understanding this kind of phenomena and market mechanics in context. How strong was this breakout? All right? It was a point, point and a half. And, you know, that's not the strongest. It's not bad. But if it was just a few ticks, well, it has the potential to reject and quickly trade back through, and then maybe down to 20. All right? But this is showing a little bit of strength in my mind. And why do I say that? Well, because the move was pretty decent. I mean, it wasn't bad. Not the strongest, but it's not bad. And the volume is starting to trade up here. Okay? And then both of those are good. So we got to pull back here. Okay? And where does it pull back to? Well, we covered this the other day, especially on more aggressive trades, or breakouts, I'm sorry. On more aggressive breakouts, we will see this. This isn't an aggressive breakout, but I can still demo this here for you. Okay? This is where a cluster of volume traded. This is where we broke from here. But this is where a cluster of volume traded. Okay? Obviously, you can see the low volume nodes right here. Right? But on aggressive breakout, you will probably not get, because there's still more buyers very, very interested, you will not get a test to where you broke from. You'll get a test back to that previous high volume node. And that would be here at 25. Okay? And then the buyers will jump back in and price will continue. Okay? Now, on less aggressive breakouts like this, you will see it come back to where it broke from. And maybe a little bit further. Okay? Maybe like a point of control for this range. And actually, not bad book map. We have a VWAP here. And then, you know, in the profile, you can see the point of control is going to be here at 24. Right? And look, here are some guys lining up to buy at 24. Okay? With pretty high liquidity. Okay. Judy, these yellow or orange lines, yeah. Click on the pen tool, the drawing tool here. Okay? And then you want to click on edit. All right? And then click on the tool. And you can either hit delete or you can right click on it. And you can edit it or remove it. Okay? So, you can see that there's a highlight around the chart right now. So, what you need to do, and this is highlighted, the tool is, so we're in drawing mode. You need to come back and go to none. And then you'll be back to where you were. Okay? All right. All right, guys. Let's see, Francisco, let's go over these columns. I've been promising. And finally getting to it here. All right. So, what are your questions about the columns? Exactly. There's all sorts of data that we have here in our columns. And why do we offer so many different types of data? It's because we come from this high frequency environment. And let me cover some of that. All right. So, the COB column that you see here, well, there's two of them. I just have formatted these differently. If I right click in here, you choose format. And then you have all options here to format it however you like. Just play around with it to whatever it is you want to see. Okay? Okay. And so, I formatted this one numerically. And then I have this one formatted here graphically. So, I can understand the skew and the auction a lot easier. I prefer it whatever you guys like. Okay? All right. So, let me right click in here. Now, these are our volume columns. Okay? But I'm going to right click here. And you can see here that you can format the column here. And then there's session. There's other options here for this data type. I can look at the session or the chart range. And I covered that earlier. You have options to reset as well. I can go over any questions you have on that. But let's get to these other data types. Okay? So, current order book is a COB, which we already showed. Okay? Volume is this one here, which is a CVP or SVP. CVP is chart range. SVP is session accumulated. All right? Now, let's go over trades counter. Okay? The trades counter profile here, and you can see now it says CTC. Now, if I right click here, you can see that the formatting is all the same. And you can also see that there's a chart range and a session range and the same options here for resetting. It's just a different data type. What we're looking at now are the number of events, trade events that took place. All right? So, this is numeric and graphical. You can see that this 35.19 right here represents 3,519 trade events took place. Okay? It's not volume. It's the number of orders that traded. Okay? A lot of traders like to see this because they're not looking for volume. They're looking for events. And why is that? It's because in the high-frequency environment, a lot of these trades don't come in with one order with lots of contracts. They'll disguise that position. Let's go over an example. A larger trader would come in usually with a block order with one order, 400 contracts. Okay? What they'll do now in the algorithmic environment is they will come in with 100 different trades for one contract each. And that will disguise their position. So, what the algos start to read is the potential to trade at an area based on not the volume that traded, but on the events that took place. And that's why we offer this data type. Okay? It's funny. It's usually somewhere around a third or so, or, you know, I mean, I just say that off the cuff here. But the profile is almost identical to the volume profile. And I can demo that for you here. Let me show you. Okay. So, here's a volume profile column. And here's a trade counter profile. Okay? It's almost identical. A little more volume traded down here, as you can see, than events. And it's curious. And I usually see it's about a third of it. It usually holds true. I mean, 2,500, 8,000, 3,500, 12,000, 3,700, 13, somewhere around there. Anyway, let me show you what that looks like in the chart. Okay? Why do they break up these orders? You won't see, you know, this one large dot take place. Instead, you're going to see this. This is what I'm talking about. We're down at nanosecond levels. And look at how... This isn't a bad example at all. Look at how this algo operated. Okay? It aggressively hit the... Or lifted the offer here. And these are a little off key here. But look at these orders that took place in three very quickly. And then a little bit of space. And then three very quickly again and again. And then one very quickly, but one after another. The spacing on this has got to be a machine. Okay? Actually, this one looks like it was the same one. It just maybe got filled a little bit later. That's all. Okay? So this is what we're trading against. All right? And, you know, sophisticated trader using an algo. Okay? And that's why we have these different data types in the columns. Okay? So Francisco, if I'm not answering your question, let me know. All right? But I want to demo that because I want to let you guys know why we have so many different data types. Okay? And why it can be important. Okay? So that's the CTC, the trades counter. Now let's right click here and you can see these are all the data types, you know, from notes, time and sales on up to the current order book. Okay? The quotes counter. Okay? What I'm showing now, the CQC is the amount of orders refreshed at these levels. Okay? So, you know, this is adding and pulling of liquidity and refreshing, messaging, going back and forth. Think of this like pit noise back in the days in the pits. Think of it like there's all sorts of racket going on, lots of yelling back and forth in the pit, but it's not required that one trade even take place. One trade event take place. They could be just, you know, shouting back and forth. They want it for this price. I'll take it for that or, you know, I won't or whatever. What we're seeing here is similar to that pit noise. Okay? It's that auctioning going on. And why is that important? Because it shows interest at price levels and the algos read this information. Okay? Just like a pit trader used to. Okay? So, that's the, it really shows some very nice profiles as well. And you can see the nice, really nice tapers in some of these. But that's because it's showing all data. It's showing, you know, if something changes way down here and we just saw one flicker, it's going to show, you know, here in the profile. It's going to add more data to it. That's why you get these nice tapers. Okay? All right. So, that's the CQC. Okay? Let's see. The quotes delta. Okay? Let's go over this. What I'm showing here, any questions on these? All right? Let's zoom in again. Okay. Quotes delta. This plus minus column here. What this is showing is the amount of liquidity from that limit order book here. Okay? The COB column. The amount of liquidity that was either added or pulled. If you see a negative number, we know that liquidity was pulled from these areas. If you see a positive number, you know, liquidity was added. Okay? Now, this view might be different than yours. This is because I'm using rhythmic. And they are offering something unique now with the S&P E-mini as well as with the OMEX and the NIMEX. And that is full market depth. There is no limit to it. Okay? If someone pulls liquidity way down here at 2420, you're going to see it reflected. All right? Usually, we didn't have that. And usually, it was a depth set. It was 10 on each side. It looked something like this. And this was the lit book. Now, the entire range is lit. Okay? So, if you want to limit it, you can. You can set the depth here. All right? And you can input whatever you want to see. A lot of traders just want to see the overall added and pulled maybe in the first three levels or, you know, two or three or four levels, whatever. And you want to look for that, you know, maybe market making activity of pulling of some of these algos. And then they'll be, you know, jumping down to lower areas. So, you can do that. All right? Okay. That is the quotes column. The notes column. You can add custom notes here. You just click. And you can set the price level. It remembers the price you clicked on. You can add your note. And you can make a template for your note. You can style it here. And then you can also add a notification, okay? An alert to take place. And there you go. All right? Okay. Now, there's a new column as well. The cloud notes, okay? And this allows you to set what you can do is you can have an Excel or a comma separated value file on a remote server. And you can update it, that file. And then Bookmap will refresh that by the intervals that you choose here. You know, so if you make a change on that document, it will relay the data and it will make the change in Bookmap. All right? So you need to put a URL in. Okay. Time and sales. This is a new data column here. It's been highly requested. So we do offer it now. And this is just the time and sales going, rolling through, okay? You can filter it by a minimum or maximum size. You can show all of the buying or all of the selling. And then we can also pop this out of the window. And you can place this in a separate area if you want. Okay? And you can export this data as well right here. All right? Okay. And then last two here, inserting and hiding a column. Let's go back to our volume, our CVP, and that looks just fine. Let's change this one back to session. Okay. Francisco. Any questions on that? John, can you show how to get the plus minus column again? Yeah. Just right-click and quotes delta. Okay. Okay. Yeah, you're welcome. Brian, stage five, data feed, the OEC data from stage five and gain capital is good as well. The rhythmic, you know, this is a nice benefit, being able to see the entire depth. And you can limit the depth if you want. Right? Like for example, and why might you want to do that? Well, let's say for example, look at the COB column. What if all of a sudden someone jumps in here at 2420 with, you know, 8,000 contracts or something? You know, what's going to happen is this is going to be the longest bar in the book. Everything else is going to be in reference to it. And I'm not going to be able to read the inside data that I wrote here very well. All right. So then what you can do is you can set the depth for that as well. So we'll set the depth and then we need to right-click once more and we need to format this. And we don't want to see the extended book. Okay. And there you go. And you see you get the aggregate here on both sides as well. Aggregate on the offer and then aggregate on the bid. All right. Maybe this is a little cleaner for you. Maybe you like that, but you still get the full depth here with the rhythmic. Brian, rhythmic for the ES is the only one I've seen that offers full depth. But for the COMX and for the NIMEX, CQG offers it as well. Okay. And you can see the trend evolving. You know, this is why as time goes by, we're getting more and more transparency into these markets. And you know, consumers are demanding it. They want to see it and it's being offered. So nice, nice stuff. Nice, nice stuff to see. All right. Let's go back here and look at full depth. Okay. All right. Well, let's see. I think I covered all your questions. We saw some pretty decent price action here. We saw the downtrend break here. We called it. We saw the extension to the upside. Our 25 was not only hit, but you can see that we swept the book higher and now that is becoming the new line in the sand here to take a look at. Okay. Right there. Okay. All right. And how is it behaving? Well, to be honest, I'm not seeing a lot of aggressive buying up here. Right. I want to see more, more transactions and more green up in these areas. Okay. Auction looks pretty good on both sides. I have to say. But look at this cluster here of red. You know, you know, we might, we might get a retest back up. But so far I'm seeing kind of, you know, a bit of a skew in the transactions to the downside. So I'm looking for maybe a re, maybe to test these guys here at 24. Okay. All right, guys, let's call it a week. And let's see, Brian, I'll answer your question here. Quote, quote, change and percentage for trading day. Not sure what you mean. Oh, for the entire day. No, I mean, this is, I mean, this is real time. We won't know that until you're looking for the aggregate. Well, yeah, I mean, you can look at the SVP or the, you know, the, oh, you know, so you're looking for it in the quotes delta. No, we don't have that. If you're looking for the quotes counter. Yeah, I mean, you can just turn this into a session accumulated quotes counter. All right. All right. We'll retest back up here at 20 or, you know, 26. And let's see if those aggressive buyers are here. Right. If they are, then I'm looking for that extension to the upside. If they're not, I'm looking for a retest back down to 25. And then maybe we'll get that pushed down and maybe it kind of exhausts up here and we'll get that pushed down into 24. Anyway, it's kind of both sides to be honest. I can't, I see a little bit of a skew to the, to the downside. But, you know, aggressive buyers may, may shift, you know, really quickly here. Okay. All right, guys. Yeah, let's, let's call it a day. Have a good day. Good week. And we'll catch up with you next week.