 The cast is now starting. All attendees are in listen-only mode. Good morning, traders. Can you hear me and see my screen if you could just type yes in the questions? All right, excellent. Thank you. OK, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Risk disclaimer, trading futures, equities, and digital currencies involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, go to bookmap.com. The software product comes along with education. All right, now this video is going through the platform details for those that are new. And we'll get into some of the order flow as well. We always do. But we get into the advanced order flow webinars later at 11 AM Eastern time. And we go through detail about the order flow and not so much about the platform. So we have an educational course. It's four parts. And you can access that. And then we have the advanced order flow webinars that support that educational course content. So that's the concept here. And to get you up and running and understanding what you're looking at in Bookmap and how to use it. And I can pass the webinar link out for the advanced order flow webinar if you guys would like to see that. Since it's Friday, we started again next week. So you guys can get a taste of what that order flow webinar is like. So let me know. And I'll pass it out to you guys here. OK, just a minute here, let me get it. OK, I'm going to put it into the chat box here. There you go. So you've got the webinar link. And that will follow immediately after this webinar. OK, so let's go through bookmap.com for those of you who are new here. Just go to the website here and then we can scroll down. I'm not sure if they're working on it at the moment. Things look a little goofy here. OK, all right, well, anyway, you scroll down here. And what you can see is there's about bookmap here, information about bookmap. And then a bit further down, information about NASDAQ TotalView, you can get all US equities using NASDAQ TotalView. It's a data service that we don't provide it. We just have an offering with a partner. And that gets into connectivity here. So what is bookmap? It is a visualization software trading platform. And we don't provide the data. So you will need to provide your own data via your broker or a paid data service. You can also see that there are some other trading platforms here, like Ninja Trader, TTX Trader Pro, and Interactive Brokers Traders Workstation. These platforms, we connect via the API of these platforms. However, we're a platform just as they are, so you can connect directly to CQG Rhythmic Gain Capital, IQ Feed, Transact, or Dev Experts. This Dev Experts here is for that NASDAQ TotalView. Good morning, Bill. Up and running? Okay, great, great. Well, nice talking to you yesterday. And I'm glad that you're up and running here with bookmap. All right, a bit further down. So here are the different packages that are available. Okay, so you can subscribe monthly or yearly, okay? And let's just go through the two versions here. Well, I mean, there's basically four versions, but there's digital and then the global, all right? So the digital is a new offering. We now connect to the GDAX exchange for digital currencies or cryptocurrencies. There's a free version here. It only connects to one digital currency of your choice, and it's through GDAX, and it is live, and we will provide the data for you. Now, I mean, we have a connection or an offering that allows for a free connectivity, and you get limited support and only basic education with that, okay? So that's the free version. Now, the digital plus is you get the real-time one-click trading. You can actually trade from the chart in bookmap, and then you get multiple symbols. So you can access 20 different GDAX digital currencies. You also get the U.S. equity data delayed. That also you get with the free version as well, but you also get that education, that advanced education I was mentioning, okay? So the course as well as the advanced order flow webinars. Okay, and you also get full support. Global is for everything in digital plus, and it also offers connectivity to the futures markets, as well as U.S. equities, okay? We don't provide that data, but we offer the connectivity, okay? And it's $49 per month, and you also get that advanced education. The global plus version here is $99 per month, and what you get is the ability to trade right from the chart, and then this cachet here of proprietary indicators we put together to measure the order flow, or understand the order flow, okay? So for example, we have one here, the large lot tracker that identifies larger players holding the majority of liquidity at specific price levels. So not only is it order flow that we're starting to look at, we're starting to identify the players in the order flow. There's in balance indicators, there's an iceberg detector, so larger players, again, using iceberg orders. We have an indicator that can identify that, and we also have a correlation tracker, okay? So global and global plus both come with the advanced education and it's full support as well. Okay, and if you're new here, you also, there's some links down below here, so take a look at these. If you need a data feed for free, there's some trials here, so you can click here, and I think there's four different offerings for a free trial of data. So you can be up and running right now if you wanted to sign up for a global or global plus, and you don't have data, you can give it a try with a free data feed. If you want complete list of all the different features, you can click here and get that complete list, and then there's, if you have any questions here, this would be the first starting point is our FAQ section. Okay, all right, you can follow us on Twitter, pretty active now on Twitter, at bookmap underscore pro is the Twitter handle, all sorts of new articles that are being published here, so a lot of great stuff, and then you can subscribe to our YouTube channel as well. Okay, just to go through very briefly our YouTube channel, we have some intro videos here, you can click on this heading here to see all of the playlist features and components, you can click on that playlist or the order flow video snippets, you can click here, and you're gonna get a playlist of all these very concise, about two to three minutes each videos that just go through understanding the order flow phenomena. Okay, all right, let's see. All right, that's about it. Let's go through what we're looking at here. In bookmap, all right? And how many of you guys are new to bookmap if you could just let me know? And so I can just go through and clarify what you're looking at here. Else, maybe I'll start to get into some of the order flow. And I mean, I do see a few new guys in here. All right, well, I'll briefly go through it. So we go through this pretty much every day just to cover the new traders. Oh, okay, yeah. Ndolski, I think you've been dealing with support as well. And you were looking for maybe a callback. Well, maybe I can help you right now. If you have any questions, I can answer them right now. So let me know. That's what this webinar is for is to answer you guys' questions about the platform, okay? And I'm happy to do that in this format, especially since it's Friday and you guys are gonna have access to that advanced order flow webinar in about 20 minutes, okay? So we can cover your questions now and then therefore I don't have to answer your questions because I'm not going to really answer your questions in that advanced order flow webinar. A few of them I will, but it's gotta be limited because those are clients that are interested in understanding the order flow. Oh, okay, oh, you're all set. Okay, great. All right, well, let's just go through then just the basics here of what you're looking at in this book map chart. Okay, we're looking at the S&P E-Many and this probably looks really foreign to a lot of you guys, okay? This is specific data here and it looks like there's a lot going on here. It's really not. It's really straightforward and simple data. There are only three elements on this chart and they're not a derivative of time, price, or volume. It's a very clear and objective view of the market. Probably one of the most objective views I've ever seen, okay, so let's go through it. The three elements on this chart, historical best bid and offer, the volume that traded on that historical best bid and offer with the dots that you see here, the red and green dots, okay, and then you see this colored heat map. This, all it is, is a graphical representation of the dome, okay? It's a historical recording of the dome. So where they're bidding and where they're offering in the depth of market, just recorded and plotted onto the chart, okay? That's it. That's all we're looking at here. So just to go through some of the details, let's pull off all of this data and then layer it on one after another. Here's a five minute candlestick chart, okay? And it's open, high, low, and close of a five minute period. Okay, now the problem here with this candlestick chart is its aggregated data. Okay, it's just four data points for five minutes. That's all you're getting. Okay, what about the volume? Okay, what about microstructures within here? What happened between this period and this period here? Okay, or even better, down here, this period and this next period here, because we're gonna see something in the order flow here and I'll show it to you. It'll be very interesting stuff to take a look at. And all of this data here is rather opaque. We really don't know what occurred between these periods. We don't know about the microstructures, but we don't know specifically about the volume, where it traded, how much, where exactly, and what type. Was it aggressive buying or selling? Okay, so let's turn on the best bid and offer and here we go, okay? So we're looking at just the, very simple, the historical best bid and offer, okay? And here's what occurred here and here's what you're missing with that candlestick chart. Okay, so we can see that there's a microstructure here. Okay, a candlestick chart kind of picked that one up pretty well here. As you can see, we just kind of went sideways back and forth, but here's the breakdown. Okay, we broke down and we made another little microstructure down here, okay? And then we broke up out of that area, okay? And how far did we, we broke up above the swings here? And that's important to understand, okay? And then we had a pullback here and actually, usually the pullback is about this deep here. We actually tested this area here and it's where we broke from in this structure. And we're seeing if price is actually gonna accept above and outside of this range. It did not accept, it rejected down here, okay? So all of these traders down here, well, it's gonna be trapped volume, but just in general, it's just the auction down here, it didn't hold. There were buyers that said that saw something and they moved price up higher, okay? And we're gonna see that aggressive buying volume in here, okay? And we have a little bit deeper pullback back into the range here and it rejected here as well and we jumped higher, okay? So that's what's going on in these microstructural areas here and let's turn on the volume, okay? Here we go. And this is that there was aggressive buyers that I was talking about. Okay, you see selling down here, okay? A little more selling, some sideways action here and then look at this little area here. So this is a key to understand here in the order flow. It's essential. We see selling down in these areas here, but here's a retest of the low of the cash session here at, well, I'm sorry, it's right before the cash session, okay? And look at the amount of buying here or I mean the amount of selling here, okay? Once, twice, and thrice here, there's a little bit of selling here at this level, but that's it, okay? So we're basically exhausting out on the sell side and we're finding buyers starting to step in here, okay? And this is where they lift the offer. So we break out of this microstructure and look at the break, okay? This is another, a key concept to understand in order flow. Look at the buying that is lifting the offer in this area. There's some selling down here, but it's not very much. We rotate back up when we find more buyers and then the 930 open, I mean, there's always lots of volume at the 930 open. So maybe this isn't the best example, but order flow wise, it's still quite a good example. It's just a lot of buying here, okay? If they're sweeping the book higher, they're taking all the liquidity at each level and they're pulling the market up, okay? Out of this range here, okay? Here's our retest back to this range, top, you know, right around here, and then you see continuation to the upside, okay? So that's what occurred here. And this understanding these concepts and who's in control is gonna give you a distinct advantage in your trading, okay? So we never come back down to revisit this little microstructural area. Okay, we do come back and visit here and it's gonna be kind of the point of control or most traded level of all of this volume here, most likely, and you can see that we accepted higher. It rejected down here and buyers stepped in again, okay? And they lifted the offer. Okay, all right, any questions on some of that? Just to show you the details here, and you know, I'm just gonna show this to you because it's essential to understand what we're displaying here because we don't trade at these levels, so these really low time frames here. As you can see, I can zoom in, I can see so much data, I can see every single detail here of what unfolded here, okay? We're looking at microsecond level here, okay? These are millions of seconds, all right? In fact, let me zoom out and well, note how we're showing every single market event, okay? Look at these little tranches of buying here, okay? Someone hit the market buy and potentially algorithmic activity here. I mean, we can see that there's a mechanical spacing, a buy, a cluster of three, another buy, cluster of three, another buy, cluster of three, and then also here, okay? So it starts to give us insight not only the buy volume, but what type of buy volume and what kind of players involved. Now, we had all of that detail, okay, of every single market event, but as I zoom back out, look what we do here, okay? We just visually or graphically aggregate this together, okay? And now you can see it's just a bigger green dot, okay? This is the aggressor classification of buy volume, okay? A green dot that hits or lifts the offer into the best offer right here, the red line. The green line here, this is the best bid, okay? So you're gonna see red dots and that's a market sell, right? So that's what you're looking at, just these two very simple elements here, okay? But the insight that you're getting can be profound, okay? Here's another, this is not the greatest example, this is a better example here. Now, there's a little bit of latency here between the quotes data and the trade data. When we start to get into these kind of low latency areas here, you start to experience a little bit of a distinction between the two different types of data that are coming in, okay? Quotes data versus that trade data, okay? They come into the platform via different protocol. So that's why you get that difference, okay? But this is a phenomenon that we go through in the very basic, the first video that covers the education in book map, okay? The educational process or course that we have. And this is called a sweep of the order book, all right? So they come in here and the aggressive buyer wanted everything at this price level, took everything at the next price level and then traded up into here, okay? And they didn't take everything up in this price level. They took some of it, okay? But not all of it, right? And the best offer goes down a tick as well as the best bid here and it kind of goes sideways for a little bit. But again, that buyer stepped in here and they sweep the book once again here, okay? As you can see, okay? So that's how we move from one price level to the next, right? And you can see that on much higher time frames here as well, okay? So now we're looking at, you know, it's 10 seconds between each vertical dotted line, okay? So although this happened really quickly, it's essential to understand that the buyers are in control here, okay? And look at the pullback to where it broke from here and initiated where they initiated that buying, okay? All of this fits really nicely into auction market theory. All right? Okay, so let's take our candlestick chart off here now and note the aggressor coming in and moving that price higher, okay? Now, the final element here we wanna look at is what's happening actually outside of these transactions, okay? And that's from the dome. So let's go to the current market and I'll explain. Okay, here we're looking at the current market in the S&P. All right? And let me turn on the heat map, there we go. All right, so now this vertical white line that you see here, okay? Everything to the right of it here is the live market. And so this is your best bid and offer, current, okay? This number here is your last traded volume on the best bid or offer. And here's your price ladder. And then this COB column that you see here, what you're looking at in the COB column is your current depth of market, okay? So these are traders lined up here on the offer, providing liquidity, and here they are on the bid, providing liquidity. They wanna be buyers down here and they wanna be sellers at these specific price levels up here, okay? And you can see that these numbers are changing, okay? They're changing all the time. Traders are providing and pulling liquidity all the time, okay? So what we do as we take these numeric values here and in this window here with the best bid and offer, we paint them in the heat map, okay? So what you're looking at here is high liquidity, okay? So there's 508 contracts at 42 and almost 500 here at 42 and a quarter. And it's painted here as orange, okay? The scaling is over here in this little heat map. Dark gray is very low liquidity and very high liquidity is this orange color, okay? You can see that they're starting to come in here on the bid, okay? Now the numbers change and the heat map changes, okay? But where this really gets interesting is we take that data and we project it onto the chart, okay? So note the little changing down here, okay? Back and forth or pulling and adding liquidity. Well, it ends up with these striations here plotted onto the chart. So you can see that adding and pulling, okay? This is where they started to come in. They started to show some buying interest right around here, okay? Now here comes price down to test these guys and they're starting to pull, okay? So now it gets interesting. We're starting to understand the context of their intent to trade at these levels, okay? First off, it's not as high liquidity as it is up here on the offer. And then secondly, they're starting to pull these prices coming down to test them, okay? So that means that they don't really want to trade, okay? And we're gauging that and understanding that. Let's see, okay. Ron, you want to talk about the VWAP. Yeah, that's a new indicator we have in the order flow, I'm sorry, in this new book map seven, okay? So let me show that. And I'll need to zoom vertically, which you can do is just by, you can zoom in and out very quickly. You don't need to use these tools up here. You can just use your center mouse wheel to zoom out in and out really quickly. Or you can click on this hand tool, hover over an area, and then zoom really quickly with your center mouse wheel as well, okay? So that's how I'm zooming. But I also want to go over how you can zoom vertically by left click and hold and drag up and down, okay? So now I can see my VWAP indicator down here, okay? So the VWAP is just the volume weighted average price, okay? That's it, that's all it is. And, but it's calculating this VWAP here based on all of the volume data that I have within my book map chart, okay? So Ron, your VWAP may look different than mine, depending on when you started a book map, okay? And here it is in this column as well, this SVP column, and you can see it with this little white line here. So we have it in the volume column as well as on the chart here, okay? And why is it important? Well, we know that a lot of the larger players are very interested in the VWAP and also the TWAP, okay? The time weighted average price, okay? So reversion, kind of mean reversion type of strategies, all right? Okay, well, let's see here. Let me give you, let me pass that link back to those that came in a bit later here, there you go. So we're gonna end this webinar and we're gonna jump to the next one and then look at the order flow in much more depth, okay? And that's what you'll receive along with that educational course is access to the daily advanced order flow analysis webinars, okay? All right, guys, let's see book map platform also a charting platform. I'm not really sure what you mean by that, Nodeshki. I mean, this is a chart and it's just we're showing the data, visualizing this data in a unique way. That's giving quite a bit of insight here, okay? Very, very traditional chart. Well, that's more like just showing the candlestick, okay? And that's about it, all right? But no, we're doing something different than the other charting platforms out there and that's what it makes it distinct and gives you the advantage. All right, so click on the link there in the chat if you wanna go visit the advanced order flow webinar and we'll see you there.