 All right, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap Risk Disclaimer, Trading Equities, Futures, and Cryptocurrencies, involves substantial risk of loss. And it's not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, go to bookmap.com. There's a 14 day free trial of the product that comes with education. There's an educational course to go through. It's four parts. And it also includes the advanced order flow webinars. These are live market webinars that we go through looking at the order flow and analyzing it, looking for future price movement based on what we see in the chart. So the idea is to combine the educational course with the live market and support that educational course with what we cover in those advanced order flow live webinars. There are other educational resources as well. And if you have any questions, you can reach out to us at support at bookmap.com. Let's go to the website quickly here. You can see digital currencies coming soon. Let's scroll down a bit. And there's an intro video here, just general information about Bookmap. A bit further down, there's NASDAQ Total View. So you can connect to US equities. You can read about the advantages here. And a bit further down, this is an important section, connectivity. So Bookmap is a trading software platform. Just like any other platform that is out there, we are not a data provider. So you will need to provide your own data through one of these data providers here. We also connect through the API of various platforms. So Ninja Trader, TTX Trader Pro, and Interactive Brokers Traders Workstation. So we connect to these three platforms via the API. However, we are a platform just like they are. So you can connect Bookmap directly using CQG, Rhythmic, Gain, IQ Feed, or Transact, or that DevExperts for that NASDAQ Total View that includes all US equities. Bit further down, pricing information here. The 14-day trial period for Bookmap Basic and Advanced, you can see it's $49 per month and $99 for the advanced. They are billed quarterly, so note that. You get that 14-day free trial. Now, the difference between these two are the features here, the add-ons. So the ability to trade right from the Bookmap Chart with the one-click trading, as well as proprietary indicators that we put together that analyze the order flow. So in specific, the large lot tracker, we're looking for not only order flow phenomena, but specific players in the market. So this algo will identify larger players. Another player identifier here is the iceberg detector where we can find where larger players are using hidden orders to show, well, not to show their hand in that limit order book, but where their icebergs are getting filled. And then there's imbalance indicators here, as you can see, as well as a correlation tracker. Quants, you can reach out to us here. You'll have specific needs, and we work with many quants. So let us know for connecting your own data feed and proprietary indicators. If you're new to futures, you can click here if you need a data feed. So there are some free trial data feeds that are out there. And so you can get a free data feed, as well as Bookmap free trial, and get up and running within minutes, basically. If you can't decide which platform or which version is correct for you, you can see the complete comparison here. Other resources follow us on Twitter, at bookmap underscore pro. And there's our YouTube page here, all sorts of videos for reference. And you can subscribe to our page. And when new videos are uploaded, you'll get alerts. The Bookmap intro videos are here. I would suggest starting with those and then move on to some features and components, understand the user interface and how to work Bookmap. And then these order flow video snippets, very concise videos that go through that phenomena that we cover in detail in the live order flow, advanced webinars that start in about 25 or four minutes. All right, let's jump in and take a look at Bookmap. Here is, actually, I'm using a version here that is not available to you at the moment. This is the new Bookmap version seven that's coming out in about 10 days or so. So we'll be on the lookout for that. And all sorts of new features in here, so ask any questions that you have, happy to answer them for you. And you can see right away, for example, the heat map is colored here. So there's a few different options as well for that colored heat map. You can use red as the highest liquidity. And just note these areas here. Now you're seeing really distinct values here in that by using this colored heat map, really focusing in on some subtle details in some of these areas, which is great. That's the reason that we have that new offering here with the color, because look in some of these areas here, you don't quite see that distinction here. Now you could if you zoomed in here and maybe played around with some of the settings a bit. But the colored heat map will show it immediately. And that's a really nice advantage here. I'm gonna go with the orange one for now. And anyway, for those of you who are new here, so let's go through some of the details here. That's what this webinar is for. And we will look at some of the order flow phenomenon as well, but start with some of the basics. So what are we looking at in book map? And well, there's looks like a lot of data here. There is a lot of data, but it's actually pretty simple stuff. In fact, I think maybe I'll jump over to the NASDAQ here. It might be a little simpler, although I do like this really high liquidity that you see up here and we traded right into it with Bitcoin. So some absorption up here. And then we can see that this was all filled up in this area here and we've sold off since. Anyway, let's jump over to that NASDAQ and we'll take a look here and I'll zoom out. Okay, all right. Okay, so looking at the NASDAQ here, all the different data that you see here. So it looks like there's quite a bit here. Well, it's actually really simple and straightforward. There's only three elements here in this chart. We're only looking at here historical best bid and offer. If we zoom in here, it might be a little bit better. Okay, so historical best bid and offer. And then you see these dots here. These dots represent volume that traded on that historical best bid and offer. Make it a little bit bigger here so you can see that. And that's the second element. And the third element is the liquidity. So from your depth of market, your dome, we've taken the areas of liquidity and then projected on the chart historically. So that's all you're looking at here. So let me go through it in a bit more detail and let me actually get rid of this column here. Okay. And I also want to configure my price ladder quickly here so it's a little bit easier to read. There we go. Okay, so these three elements, right? Well, let's start off with something we already know. And we'll look at a, just a candlestick chart. We'll zoom out a little bit. And we're looking at a five minute candlestick chart here. Okay, that's it. And it looks very clean and clear, right? And that's one of the benefits of the candlestick chart. However, the problem here is we're making financial decisions based off of very, very limited and opaque data here. The only thing that we're seeing in this five minute period is open, high, low and close. And it's all aggregated. All data is aggregated within this five minute bar, right? And that's the problem. So there's all sorts of information that is just simply not here on this chart. And we want to know that information, it's important. We want to understand first off, micro structures within this five minute period, right? And we're going to be able to do that very easily in book map by showing the best bid and offer, historical best bid and offer. So I turn that on and the red line is the historical best offer and the green line is the historical best bid. Okay, so we're going to see all sorts of micro structures within that five minute aggregated period. And let's just zoom in a little bit here and you'll see what I mean here. So there's a structure here, as you can see. Another structure, we broke out above that structure here. And we traded up here for a while and then we broke down from that structure here. Okay, so some trappy action within this area here. And you're not really seeing that within that five minute period. You're seeing some of it actually. I'll give it a little bit of credit here. It's not so bad, but there's all sorts of activity like for example, down here, okay, a beautiful example is we see that, you know, price is slowing down. We don't see any of that within this candlestick chart. And we can see a structure was made down here and we broke out of it, came back retested to where we broke from. And this is one of the things we look for in the advanced order flow webinars is these are opportunities to look for the continuation to the upside if we're gonna accept or reject out of this trading zone here in the microstructure. And that's where the candlestick is just not allowing us that transparency. Now the next level of data here or layer we wanna look at is the volume. So let's turn that on. And the candlestick chart here is not showing any of that. We do have a sub chart here. However, we wanna understand very specific volume. Where it traded, when, how much, and what type. Okay, so now we do have that. Okay, we can see within that microstructure exactly where that volume traded, how much. Okay, we can see that with the bigger dot. And then we can also see what type. Okay, a green dot is a market buy order. A red dot is market sell. Okay, now we use aggressor classification of volume. So let me just show you the two elements so far that we have. And I'm gonna zoom into this area. So this is it, just these two elements here. So we have the historical best bid is the green line. Historical best offer is the red line. Okay, and the volume dots here are transactions on that historical best bid and offer. Okay, the red dot here is a market sell. Green dot is a market buy. That's the aggressor. Okay, so when hit the market buy button, they paid up here, actually the spread is actually two ticks wide here. So they paid up for it to be able to get filled up in this area here. Okay, but they wanted in right away and they didn't provide liquidity, waiting in the dome. They took liquidity from the dome. That's what, that's why we consider it the aggressor. Okay, so these are the two elements that we're showing so far. And we already have a tremendous amount of insight into some of these areas. If I zoom out, we can see that we're trending down here and we're starting to make just slightly lower lows here. As you can see this, we're slowing down. And then that structure is broken here. Okay, this microstructure here. It's broken and you see the aggressor here lift the offer up out of that area. This is the new evaluation of price. It's above this 65.92 area here. And we can see that we get a retest back to where we broke from. And we don't find a lot of sellers here. Whereas you can see we find sellers down here. So all sorts of details here in the order flow that we're starting to comprehend already. So we're looking, at this point we'd be looking for a retest back up to the high and maybe price discovery to the high side. Okay, because we have more aggressive volume trading at a higher area. And that's exactly what we got. And in fact, if we scroll forward here a bit, we have that same setup here. Again, here's the first one. Here's the second one. So here's that first retest to where we broke from here. And then here's the second one. Here's that retest right here. So same pattern. And these are excellent areas for understanding the order flow. And it's a potential trading strategy here. Now we cover that in the educational course. But anyway, let me continue on here. So we're just looking at these two elements and already getting a lot of information. Okay, the third element here is the, and let's go to the current market for the moment, is the dome, the depth of market. So here's our price ladder. Everything to the right of this vertical white line here is the live market. So this is current best bid and offer here with the dashed lines. Okay, this number here is our last traded volume. And then you see our price ladder here. In the COB column, it stands for current order book. You can see best bid and offer here. And then you can see the liquidity at these areas. The numbers here in the column. These are traders, and let's zoom in a little bit more. These are traders who are lined up in these areas here to provide liquidity. They wanna be sellers up above current price and they wanna be buyers down here. So we know exactly where these traders are lining up and providing liquidity. You can note, however, that these numbers are constantly changing, right? And although we get lots of insight with the current market, the problem is when those numbers change, we have no history of understanding what happened at that area, right? Because the number has changed and refreshed. And that problem is solved with the book map heat map. So we'll turn on the heat map here and this is that final piece of data. So areas of high liquidity are painted bright orange here with using this heat map here. So over here, dark gray or black is very low liquidity. Blue is higher, white is higher yet. And then yellow and then finally orange is the highest. So areas of high liquidity here in the book, 103 contracts up here is orange, okay? And you can see the reference here, right? So we're starting to add liquidity in here. So when these numbers change, you'll see the heat map change, okay? Where this becomes insightful and useful is not just for the current market, but the historical market because everything to the left of the vertical white line here is historical. So we just captured that change here in liquidity. They provided higher liquidity here at 66.13 and a half. They pulled it, added a little higher for a moment and then they just pulled it completely. So now we have an understanding of this player up here in the auction. And we're starting to understand where they are interested in dealing and we can start to note their behavior. Now look at them getting more aggressive here, providing liquidity down at this level at 66.12 and then also at this guy's jumping back in or someone's jumping back in here at 13 and a quarter, okay? Just pulled and it looks like they added up here, okay? So look at the behavior here. This would be rather difficult and challenging to put together in a dome, okay? So let me use the crosshairs here and you can see here, jumped into the book, provided high liquidity and then the moment that he jumps out, jumps up here and provides liquidity. Probably the same player. Probably this guy is probably this guy too, which is obviously the same player because as soon as he pulls, he adds here and then jumps out, okay? So all sorts of understanding of this auction and where traders are lining up to trade and deal and that's an important part of understanding the market and so you're able to now use your dome, not only for the current market, but for the historical market, okay? So you can start to gauge their intent to trade at some of these levels and then if you see that they're still interested in the current market there, well maybe you wanna be along with them or maybe these are targets. There's all sorts of ways of reading this and that's what we go into more depth in the advanced webinar, okay? We're also able to make the distinction between fake and real liquidity. Okay, so for example, in this area here, it looks like they stayed in the book. They may have pulled at the last moment here so we can make that distinction. We'll click on the move tool and hover over here and then just with my center mouse wheel zoom in really quickly and here's our answer, okay? So high liquidity that was here at this 66.12 and they stayed in here for a little bit and started to trade into it just a little bit and then they pulled, okay? A lot of the liquidity is pulled. We can use the data tip tool and get exactly what happened here. So we have the date, the time and then the liquidity here on the ask at this price level, okay? So over here was 90 contracts. They start pulling as price is coming up toward them down to 88 and then we can see that it was down to 80 and then down to 68, 67 and then 65 in this area here. So nice subtlety, we're using this colored heat map. We can see just these small distinctions in the liquidity that was pulled. So the majority, about a third of that liquidity was pulled at this area, okay? And we see some trades that took place here but look at our volume column, let's see here at this point. Our volume column, okay, so not so bad. 80 contracts traded here, as you can see here, 79 traded here and they were providing, what around 52 or 49 as you can see here, I'm sorry, 49 was last trade. So yeah, I mean, they're pulling the liquidity but they're also getting filled at this area. Okay, so it's a little bit of both, a little bit of pulling as well as getting filled and staying in that book, okay? So this was partially absorbed, right? Now we know that, that's fact, okay? So we know that larger players are starting to get interested up at this area here. Well, we can see that also in this area here, it looks like in this area here as well, it looks like some partial absorption in some of these little areas. So there are a lot of other areas here so they're absorbing on the way up. And finally, if they continue to absorb with high liquidity or at least higher liquidity in some of these areas, well, maybe the buying pressure starts to dwindle, right? And you can see that's kind of what happened here. In fact, look at the volume that traded up at this higher high here that made a higher high by just a tick. We can see it's just there's very little contracts that traded up here, okay? In fact, four, right? Our volume column is showing that. I can hover over this and it gives me volume of three at this moment here, okay? So that was one of the trades. And okay, so we're starting to understand, well, that the buying pressure is drying up, okay? So start to look for sideways activity based on what we know from this auction and the way that this liquidity was filled and absorbed, okay? So all sorts of ways of comprehending the context of the auction as well as the traded volume, okay? And we can see all of this within the microstructure, okay, which is key, okay? So let's go back to originally where we were with that microstructure, that idea. Here's another microstructure here. In fact, I can outline it with the rectangle here, all right? So we came up and went sideways for a bit and then broke down, okay? Look at the retest came back up to twice, okay? Right to where we broke from, okay? I don't see any of that activity here in the candlestick chart, all right? I just see a big long wick up here and then kind of a common looking bar here. So understanding the details here and getting this kind of level of transparency into price and the auction and the transactions is really gonna help you, okay? So anyway, that's the basics of a book map and if you're signed up for the trial or a current customer, then we'll see you over in the advanced webinar in just a few minutes, okay? All right, thanks for coming guys, take care.