 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures involves Sustainable risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results For more information you can go to bookmap.com there is a free 14-day trial and Not only does it give you access to the platform but Our resources as well Okay, one of them being the advanced order flow webinars that start in about half hour At 11 Eastern There are other resources as well. There's an educational course there are some documents and Quite a few videos as well. So Anyway, that's what you will get with the free trial. So we're providing the education as well as the platform Okay, so how to learn order flow and how to start to integrate that within your trading Okay, let's go to bookmap.com and take a look here. We'll scroll up to the home page and We'll just click on explore here There's an intro video. So for those of you who are new here And there's actually quite quite a few of you in the room here. Welcome to the to the webinar And and then we'll just scroll down here There's a bout book map the the new Webinar button is here So I'm gonna update this as soon as I'm finished with both webinars today So if you're interested in registering for the for the next Next week's webinars at 10 30 Eastern time you can do it here Or if you're in trial you should you should receive a link That in an email, okay? Let's see here a little bit more information about the platform the benefits There's the link to try here Let's continue on down. There's book map for equities. Okay, not just futures. We go and Access this Nasdaq total view here Connection and it's an it's an excellent connection for these reasons over here if you want to read that and Connectivity, okay, so this is important to understand How to connect book map to the live markets book map is a platform. We're not a data provider. Okay, so You will need one of these data providers or through the brokerage like s5 here and We also connect via just like any other platform like Ninja how Ninja connects to the markets Well, we're a platform as well. Okay, however, we also Connect via the API in Ninja in the Ninja cater so for those of you who Trade in Ninja you can connect book map directly to Ninja. Okay, the API is the same here for TT xTrader pro as well as the interactive brokers all three of these are for the API of that that platform. Okay, the rest are just Raw data feeds that go directly into the platform. All right CQG rhythmic gain IQ feed transact And I think that's about it And then the dev experts of course as well now. This is for the for the Nasdaq total view equities here Okay pricing. This is where you can find information about the trial and and pricing There's one version of book map book map basic is 49 per month And these are billed quarterly And then there's the advanced and then there's quant version. Well, they're not different versions They're just different features that are that you extend Your subscription into those features. So for example the advanced okay, what you get with the advanced is the ability to trade right from the book map chart Okay, this is a really distinct advantage so the the reason why is because we have the The little liquidity heat map there. So if you're you want to keep your Order from Let's say your stop order from getting hit. Well, you can hide it behind high liquidity Okay, there's also these other add-on indicators here that we have developed their proprietary and they look for specific phenomena in the limit order book and volume in the order flow Okay, and then there's quant version for connecting your own data or your own proprietary indicators, etc Okay, so you can reach out to us here Let's see you can follow us here on Twitter. I get the most up-to-date information Or you can subscribe to our YouTube page here as you can see For those of you who are new I would recommend Watching some of these intro videos just to get a feel for what book map is Then next is some of the features and components go through the basics here This is what we're gonna go through today is the basics and then some of the other features that you see here This will answer a lot of your questions The order flow video snippets after that Go through a few of these now. This is what we go through in the advanced webinars. Okay starting to understand Context of for example volume and liquidity in a trend. Okay absorption and exhaustion understanding a flip of the order book understanding rollover of Orders and a shift in in the flow Etc. I mean there's all sorts of phenomena that we uncover here. These are very short videos for the most part They're usually about two to three minutes, but some of these recent ones are a little bit longer now You can watch some of these about some of the professional traders And then there is the selected webinars So if you want to get a taste of what the advanced webinars are like you can watch some of these examples here As well as some of the platform details webinars you can see here. Okay All right Let's jump into book map now. We were looking at the we've been looking at the Nasdaq yesterday was Pretty pretty tricky day in the Nasdaq and it was due to a lot of earnings coming out Afterwards and we can see the spike here at the after hours 430 or after after four basically Nice move to the upside in and nice continuation to the upside. Okay, so There's our follow-through. It's actually kind of what Kind of what I was looking for but Anyway, let's take a look at book map and let's go through the the order flow here and Let's look at the go to the Nasdaq here Okay, and let's zoom out Okay, now for those of you looking at book map for the first time. This is gonna look rather confusing All right, so what is all of this? What's the data here? Oh, what is book map showing me? It looks really complex It's really not in fact the concept of candlesticks is a lot more complex than what book map is showing you here it's No, it's not a derivative of time or price or volume We're actually just showing you time price and volume as well as the auction Okay, where are people lined up in the auction? All right, where do they want to trade? Already at this view here. I'm seeing all sorts of interesting things We can see this is where there are high liquidity here in the heat map this this heat map here Anyway, I'm gonna go through all that in just a minute here and we're gonna strip off all these layers of data and then we're gonna get into some of the details and show you exactly what book map is showing you because It's really simple stuff it we're showing you the historical best bid and offer The traded volume on the historical best bid and offer and where they're bidding and offering and that's really the basics there But we also have all sorts of different feature and functionality here features and functionality You can see there is a indicator sub chart here. We're gonna close that up We have all these data columns over here And I will get into some of that here. We're gonna look at the current order book column and Yeah, that about that about covers it. We'll I'm gonna start off here by starting with a candlestick chart because this is what we're all familiar with And I'm gonna strip off all of this other data You just want to I'm gonna quickly go through this for you Okay, so we know this is open high low close of a specific time period in this case It's a five-minute period. Okay. There's so much transparency here. That is just completely lost that Doesn't give us insight to price movement. Okay, and and this is this is a problem with the candlestick chart. We're really just kind of Make making it up guessing at at some of these moves here. We don't know where the volume took place We don't know what kind of volume it was We don't know The the size of that volume So these are all questions that are answered in book map. Okay, we don't know where they're bidding and offering Okay, this is also answered in book map now another problem here with not only candlestick charts But footprint charts that show the volume show exactly where volume traded on a candlestick However, there's a there's a problem with with both of those The issue is that it just aggregates. Okay, it will aggregate within this time period Or maybe it's a bar rotation doesn't matter. It's still aggregating in a bar Okay, and then something will occur like a time change and then a new bar will Be presented Okay, now book map overcomes that by by showing you the historical best bid and offer Okay, and what this allows you to do is now you can understand microstructure within what occurred within that that five minute period or You know, whatever period it is that you're accessing so for example, we're seeing some pretty pretty nice stuff already here okay, I Like this this candlestick up here. This this this could be very very easily Construed as a cell we're outside of a range You know, we see the wick here. So there's selling pressure up here, you know, that that's what it looks like, right? Well, just with the sub I'm sorry just with the historical best bid and offer We're she we're seeing a much different picture here. All right, so let me let me explain All right, so let's zoom in here. Okay. Look at the microstructure We're seeing that some sideways action here We start to note in this area here. We have kind of like a double bottom or a triple bottom I should say and then and then we move up and we move above this range here and And then we actually have enough buying pressure to move above this range here from the the overnight session here or this small Range before the the cash open at 930. Okay, we're gonna see a lot of buying in this area here, right? and Just in the microstructure. Okay, this candlestick may it could be construed as being bearish Well, what we're seeing instead here very clearly in book map With this historical best bid and offer is the move up and a pullback to where we up we broke out from right here Okay, this is a retest. Okay. This is a bullish. This is a great entry right here And this is one of the setups that we look at in the advanced order flow analysis, okay in those webinars all right, so understanding this microstructure is key and you know, for example, you could look at some of this and look for entering the trade within this area place near stop just directly below and then looking for the target And targets we're gonna go through like book map nicely shows the targets Okay, because we're looking at liquidity the market needs liquidity is to trade it's gonna reach those areas of liquidity so let's turn on the volume dots, okay, and Boy interesting stuff again. This is similar to yesterday It's a little little different than what we usually usually see usually we see down in this area here More aggressive selling. Okay, as we're you know coming down into this area. We see we see more red more selling in this area and then what we'll start to see is a shift in the order flow I'm seeing that shift already Over here. We're seeing a lot of buying starting to come in. Okay, and then we're getting very little selling down here Okay, compared to this nice cluster of buying here. Look at the shift here where we've seen a nice cluster of volume trading at This top of the range here. Okay. Now if we were bearish we'd be seeing more trading activity down low Down lower here, and then we'd see price discovery to the downside So we're already seeing a shift here. Okay, we get a couple more retest here, and then the buying Resumes right here. Okay, and it gets quite bullish and then and then you can see this move Bullish move to the upside Okay, here's our pullback. There's a little bit of selling here. No question But the the buyers come right back in and take it and we continue up to the upside. Okay, so What is this volume? What what is this pie display? Let me explain. All right, so we'll zoom into this area Very quickly And and and here's this price action. Okay, just looking at this right here. This is something we cover in the educational course and it's something that This is a really nice sweep of the book something we cover in the educational course as well as in the advanced order flow Webinars, this is how price moves to new levels for the most part Okay, someone an aggressive buyer comes in and they they just take all the liquidity at each price level the they'll just hit the buy button and They'll take all liquidity at one price level They're still buyers though. So they're they sweep that area They go to the next area they take all of all of the limit sell orders of that area They move to the next etc. Okay, so this is a lot of buying. All right and Pretty pretty aggressive trading right there So this is aggressive buying market buys. That's what the green dots show. Okay, so just to simplify this We'll zoom into this area here And I just want to show a very very simple example. All right. Here's a green dot here And we see a couple red dots. This is your historical best bid and offer Okay, the green dot is an aggressive market buy that took place on the historical Or took place on the best offer. This is a red dot It's a market sell that took place on the best bid and took liquidity off of the best bid Okay, now as we zoom out I mean we can zoom in and and really get into the details here and look at You know, we're at just millisecond level here We can go all the way down to billions of seconds and continue to zoom in. It's basically unlimited zoom Okay, so for example just that one small example I I zoom in here and then that that dot broke Open this Trading activity. We're actually looking at three different market events here. Okay, so I'm gonna hit the or there's three different Orders that took place. Okay now we can very clearly in See them here. We're at microsecond level. We can continue to zoom but you get the point here, so Now as I zoom back out, you know, because we don't really trade off of those levels As you zoom back out note how book map is consolidating All of that or aggregating all of that data into one dot. Okay, all of the information is here We can use this data tip tool And you can see this for volume of five. Okay, but if I zoom in you see this is volume of two two and one Okay, so all of the data is still there, but if I zoom back out, it's just been Aggregated visually because we want to understand what happened on the higher time frame. Okay, so as I zoom out Note this pie display just it just signifies here that the majority of this volume that traded as you know Because we've compressed all those trades now down in the time frame So there's a lot of trading activity here. Most of it was buying. I mean the vast majority of it is is aggressive buying Okay, but there was some selling in here too. All right, so that's what the book map is displaying in the volume And volume is really important to understand in the order flow. Okay, so just for example This this small example with that candlestick is showing you exactly why this is important. Okay You would you would get the wrong idea here with this candlestick. You wouldn't you wouldn't understand that You know, that's a real this very very opaque data here, you know You could very easily think that well and you can return back into the middle of the range Trap all these guys from the outside, but just look at this aggressive buying here and and we saw it from the beginning You know down down in this area. Actually, we saw it over here to begin with and then nice cluster here but one more two more retests here and then finally we get the The buyers really really step in and lift the offer. Okay, they sweep the book sweep it here They sweep it here and then look at the pullbacks, right? Okay, we sweep up But we test to where we broke from one two three times here continue up retest again. Okay, all right so Understanding the volume is is pretty critical here But we want to also understand where they're bidding an offering and I'm really curious I want to see that we're gonna hit pretty high liquidity I imagine in this area because we can see these large transactions. So let's just turn on the Heat map and there we go and there's our high liquidity. Okay, so Why did we come up and trade into these areas? Why did why did price stop up here? Well? Here's your answer. Okay, this is where there was a lot of limit orders on the on the offer and we trade into them Okay, and this area was absorbed by the by the sellers Okay, and we kind of go sideways for a bit And then find some buyers down here at this higher area and come back up and I look for more liquidity here on the offer Okay, so these areas as you can see we traded through these areas here Okay, the buyers just overpowered the the sellers but it kind of slowed the The move down up at this point. Okay, and we find a little bit less Buyers so we get a we get a rotation, but we get the extension here again with more buying So we're really understanding the market here understanding the details of really why price moves why it moves to new levels why Where the volume or how the volume makes a real Difference or it gives us a lot of insight to the price movement and Etc. So let's let's go to that current market and let me show you how this heat map is generated and How this gives you that advantage? Okay, because when a lot of us look at a dome When we when we place our trades, why do we do that? Well, we want to understand the liquidity We want to understand high areas of liquidity where the buyers and sellers are lined up very quickly I can see at 229 contracts here and 148 here at 66 and a half. Okay, that's the highest area in the current book right now All right, so or at least in this view So we know there's buyers down at this at these areas and they're interested. Okay, so that's Liquidity now if these guys pull well, then that data is lost And you know, this is where the dome is good for that current view but it's a problem for Trying to remember This area other areas around it. Are they adding? Are they pulling? Are they starting to front run these areas? How are they behaving? All of this information here in the dome is recorded in this window here Which is your best bid and offer and your last traded volume here? Okay, it's recorded just graphically with this heat map. So you can see the heat map is Bright at areas of high liquidity. Okay, look at the look at 240 contracts just came in up here all right, so what there it is and Perhaps if the buyers are still engaged in this market. Well, there's your there's our target Okay And it's at the top of this range, okay, no surprises there responsive sellers are going to be up in the top of the range anyway the Understanding that current view is important understanding the Are using that view is difficult so how bookmap solves that issue is by Showing you the historical view of it. Okay, so we're we're looking at the these striations here, okay in this At this 67 and a quarter level well, this is liquidity that was added and pulled right and We can use that data tip tool again to demo this you can see that we get the date The time what was on the bid here at this price level and you can see that 120 130 and then some of the darker areas we go back down to 113 Etc. Okay, this is adding and pulling a liquidity just like we see when these numbers change It's where this is the advantage is it's recorded historically Okay, we take this data here from the current order book and project it onto the chart historically Okay, and that's where you get the advantage here in bookmap. All right, so when we zoom out This is what I was talking about earlier High liquidity here at the top of this range We trade into it trade through it retest back to it and continue on up and target other areas of high liquidity Okay, look at all of the aggressive buyers here in the limit order book between the 65 and 68 level Okay, they want to be buyers here now, too. Okay. This is pretty bullish Okay, they want to be buyers at a higher level now. It doesn't mean that You know, it's gonna bounce and ping-pong ball, but you know between The areas of high liquidity. It's not an indicator like that It is the context of the buyers and sellers that we want to understand Okay, we want to understand their intent to trade at these at these levels And that's that's the key here and For those of you who trade volume profile. Well, it's the same thing You want to understand the context of the buyers or sellers? We're looking at, you know, statistical averages in a in a bell-shaped curve or you know, the Deviation of that with a value area high value area low, etc That's the majority of the volume. Okay, it's the same here We're doing in the in the liquidity heat map. We're understanding the majority of the buyers and sellers So look at how look at how the sellers are taking these guys on at 68. Okay, we trading into that high liquidity right now Okay, how are they starting to behave here at 67 and a quarter? Well, they're they're getting a little bit I mean, they're still here in the market, but 126 contracts, so they're still staying here right, it looks like a Looks like they've been now they're still staying here now They're starting to add though, but they're adding as price goes away. So now they're starting to pull So we may see these guys pull Okay, so do I do I trust these buyers now? No, I don't okay, because they're kind of they're they're showing a Their intent to trade is kind of not not so clear Right, so now we can kind of discount that and just say well, you know I'm looking for other areas of high liquidity. Maybe down below Okay, do I see anyone down below not not really at this point? Okay? I guess maybe down here at 64 and You know also a tick down below here at 67 even, okay? so two now it's kind of you know two areas here of high liquidity and You know, so we're trying to gauge the auction Right, look how these guys this target that was up here before They pulled their high liquidity as well All right In fact, I am very very curious. I mean look at what we're starting to now understand When these guys pulled their liquidity here as soon as this a high liquidity at 68 was filled Okay, so are these are these two players linked? Is it the same player? I would assume so that there's something uncanny about the Them getting filled at this area and then they they're they're pulling right at the same time Okay, you're gonna see all sorts of algorithmic activity and understand this auction at another level here By starting to understand just the behavior of these of these players and you know look I mean we're not just to understand that we you know, we're looking at Let's see between here and here. This is 10 minutes over 10 minutes of data Okay, almost 12 minutes of data here that we're looking at so, you know, this is you know, not we're not looking at milliseconds here We're still understanding the intent of these traders here All right. All right guys. Well, that's that's all I've got for you today. You know if You're you're interested in giving bookmap a try you can go to bookmap.com And and sign up for that trial. Okay, so now now we're trading through that area, right? Okay, so let's take let's take a quick look at that. I'm just so curious about it Yeah, so it looks like Looking for a retest to this area here and let's see if the sellers re-engage All right Okay, or is this area gonna reject and we come back into the middle of the range Okay, we're getting our answer right now on that one. Okay, we're back in and we find buyers here Okay, so maybe we can test the other side of this range now and see if see if the buyer step back in Okay. No, not yet Not yet. Okay sellers starting to come in here At 67 and a half or three quarters All right guys anyway, we will catch up with you next week or if you're signed up for the advanced Market analysis, we'll see you in just a minute