 All right, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Risk exclaimer, trading equities and futures 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. There is a free 14-day trial period you can sign up for. Not only do you get access to the software, but you also get access to the advanced order flow webinars and other educational resources. And the idea here is that in this webinar here, we go through platform functionality and then just basics, what Bookmap is showing you. And then some of the order flow analysis that alludes to what we go through in more of the advanced order flow analysis webinars. Okay, so the idea here is to segment those that have questions on the platform and those that have questions more on using Bookmap that are current clients, either in trial or current customers, okay? And we'll look very specifically at the order flow. All right, let's see here. Let's go to bookmap.com, scroll up to the top here and we'll click on explore, okay? There's an intro video right here, as you can see, we'll go down further. This is just about bookmap and gives you basic overviews of benefits, et cetera. Some testimonials, there's bookmap for equities here to connect to the NASDAQ Total View. If you have any equities you wanna take a look at, let me know and we can do that. Or I have a list here, but we can look at some equities. Connectivity, this is important. Bookmap is a software platform. We are not a data provider, so you will need a data provider or broker that offers one of these data feeds. That's how you'll connect Bookmap to the live markets, okay? So here's the 14 day trial in the pricing page here. And there's one version of Bookmap, there's Bookmap Basic, okay? And you get the 14 day trial period, it's 49 per month is billed quarterly, right? Now the advanced is the Bookmap Basic plus the ability to trade live from the chart in Bookmap and the proprietary indicators that we have created for the go over the order flow that Bookmap is displaying, right? To something very specific, it's not your typical RSI or MACD, et cetera. We're looking at very specific things like where are the larger players? We can read the order book and we can look for that. Icebergs, where are icebergs on the chart, okay? Inbalances in the volume and in the order book and correlations as well, okay? Quants, you can reach out to us here if you have very specific needs, let us know. You can follow us here on Twitter at bookmap underscore pro and then on the video or YouTube page here, you can look at all of the videos. There's some intro videos here for those of you who are new and then we have features and components for those of you who want to get familiar with exactly some of the features, components, how they work, and then these video snippets here. Now, these just go through understanding the order flow, right? Now, this is similar to what we go through in the advanced webinars, okay? That said, you can scroll down here a little bit further and you can get a peek into some of the advanced webinars that are recorded here, okay, from back in August. All right, okay, so let's take a look at Bookmap and we had the oil inventories here just a couple minutes ago. So I want to zoom out here and take a look, see what this looks like, okay? A little volatility, not too much though. So anyway, yeah, I'm just curious. Let's take a look at maybe the numbers here, what kind of numbers we had on that. All right, crude inventories. Okay, so we should, and we see it's at 0.9, we're negative 2.6 million barrels was the expected. All right, anyway, one of the things that Bookmap shows so nicely is just the, well, there's three things at Bookmap shows here in this chart, okay? For those of you who are new here, okay? This is historical best bid and offer, that's the price that you see here. There's no candlestick, there's no derivative of time, price, or volume, it's just price. And every single bid and offer. So if there's a spread, you'll see the spread. And so that's what you're seeing here, this is true price with historical best bid and offer. And the dots that you see here are volume that trade on the historical best bid and offer. All right, I'll get into the volume in just a minute. And then what you see here is with the grayscale heat map, it's liquidity in the market. It's the limit order book that you see over here, the COB column, this is the current order book or the dome in Bookmap, okay? At these price levels, these are limit orders with traders that are lined up to offer at the above price right now, and then below price, okay? This is the dome. We take that dome information and we transpose it onto the chart historically. So we can see very clearly all of these areas of high liquidity, okay? What's so interesting about all of this is the transparency in the market that it gives, right? Look here at just before 1030, we can see here, right in this area, very, very clearly here, how they're starting to pull liquidity, okay? Before the oil inventories, right? And look how it got dark in this area here, right? And that's why we get volatility. It makes perfect sense. Why is there such erratic moves when there's news? Well, it's because traders don't know what the news is and they don't want to assume the risk, okay? So they'll pull their liquidity that's close to the market because they're not gonna take the risk. When there is less liquidity in the market, as you can see here when it gets dark, the market will explore those areas where it can trade, where it does find liquidity, okay? Or traders, and you can see we came down into this area here at 5210. Now these guys pulled their liquidity here at 5210, but we didn't go down further. We didn't even go to 5210 at Luke. No, we actually did test there, okay? And then that was it though, and then market went to the other side to find liquidity on the offer, okay? So anyway, to further explain what I'm discussing here, let's take a step back and go through just by showing some candlesticks here, taking off all of these other layers of information and then we'll explain each one as we go through, okay? Take off the indicators. This is something new we have on the candlesticks, it's a new feature to be able to show the VWAP of each candle, all right? So I'm gonna take that off too, just so we don't have the distraction and let's zoom out a little bit more, okay? We also have an indicator subchart here showing the cumulative volume delta, but I'm gonna close that, so we're just looking at the candlesticks, okay? That's it. So we get an understanding of a five minute period here. Open, high, low, close. We see the wicks and we see the body. It gives us clues to buying pressure and selling pressure in the market, okay? However, there is so much data here that we just don't see and that's a problem because we're making financial trading decisions with very opaque data here. In fact, it's kind of like reading tea leaves. We really don't know where traders, for example, are trading on these candlesticks. We have no clue. We have a volume subchart here, but it's not giving us much information. It's just showing spikes in volume. It's not showing where on the candlestick, where in the range, how much volume traded, and what type of volume it was. We have none of that information, okay? We also, since it's aggregating in a back and forth in a five minute period, we also have no insight to some of the microstructures that occurred within those periods, okay? So let's, we're gonna turn that on and we're gonna be able to see that microstructure and this is a nice advantage, okay? We're able to understand where price kind of goes sideways for a little bit within a five minute period or within any period here, okay? So for example, down at this low here, okay? I'm gonna click on this move tool here. I'm gonna hover over this area and we'll zoom in really quickly with my center mouse wheel, okay? So we can see that here's five minutes of data and another five minutes here and we see wicks on both sides, but really what's going on here within this little microstructural range here is we can see that we traded down below, we made lows and we traded here back and forth for a bit, okay? We're gonna see buyers come in at this point, okay? They lifted the offer, they pulled price up out of this small micro range. In fact, it looks like a little head and shoulders here, reverse head and shoulders and we can see the tests here. What we're probably gonna see is some volume here, selling volume at some of these lows and then we'll probably see none here or very little and then we're gonna see green big volume dots here, pulling price back up, okay? So all of that information in that microstructure is important, it gives us insight and it's a problem that the candlestick doesn't display. So let's turn on the volume, okay? Let me turn this off, whoops, not this one, this one. Okay, all right and let me make these dots a little bit bigger here so we have something distinct to look at. Okay, all right, well, here it is. This is what this pattern looks like, okay? We see more volume in selling, okay? This is what we were anticipating, trading at these lows here, okay? And we see it and then we start to note that, well, we see here with this dot, more volume starting to come in on the buy side, more green, okay? And then you can see the retest here and look at the selling down here, okay? Very little, okay? The market's exhausting out on the sell side. And we start to note here when we pull up out of that micro range, here's where the buyers step in and here's the green pulling the market up and yet again over here and then we're gonna see it again in these areas here. All right, so we're starting to understand the behavior of the aggressor in the market and what do I mean by the aggressor? So we're gonna zoom into this dot here and I'm gonna show you, okay? Okay, note how when I start to zoom in, I start to pull apart all of this trade activity, okay? And I'm showing you here every single event and you know what, let me get rid of this line here because it's distracting, okay? Now we're zoomed in here and we're looking at the micro second level, okay? We're looking at millions of seconds here, all right? And we can see exactly what occurred here, all right? In fact, we're looking at some algorithmic activity. We can see it, okay? Look at this little buying cluster, like one, two, three. Another one, two, three and another one, two, three, all right? So they're lifting the offer with aggressive buying. What do I mean by aggressive buying? These are market orders, these green dots, okay? They're hitting the market buy button. That's how this algo is executing, okay? And it's taking liquidity off of the best offer here. That's the red line. The green line here, this is the best bid and we see that there is, there's no selling here on the best bid, okay? It's all aggressive buying, all right? So, and we can continue to zoom in. We can look at like nanosecond levels if we choose. Now, we don't trade off a nanosecond levels, all right? If you're trading algorithmically, maybe you wanna look at that. Maybe you wanna see exactly how your algorithm is performing. It's up to you. But note how as I zoom back out, we're aggregating all of this into one big dot, okay? Now, if I can use the data tip tool, hover over this area and I get the date, the time, what was on the offer and then the volume here. So, this is for volume of 74 at this 52-15 level. Zoom in a little bit more and you can see as I spread out all of these trades, I hover over this one. Well, this one looks like it's one individual trade here for volume of 17, all right? So, we have every single event that took place but we're also giving you the overall aggregate when you zoom in, all right? Now, there's some selling that occurred here and you can see it with the red dot on the best bid, red dots. Now, as I zoom out and compress the timeline down here, note how this turns into a pie display of the volume that took place at this very specific time. They were still at the millisecond level here. So, we're looking at thousands of seconds. And in fact, this between here and here is basically half a second, these two vertical dashed lines. And there's a couple of eye blinks basically within half a second, a little bit more time than that actually, all right? So, we're showing you all of this trade data giving you the very specific precise data but we're also aggregating it just graphically and visually as we zoom back out, all right? So, that's the volume and we're showing you where it took place, how much and the overall delta here, all right? So, we can see that there was more buying than selling here, okay? And here's our little head and shoulders pattern that we're looking at and we can see the aggressor take charge right here with the buying, okay? And it led to this move. This is the kind of insight that we look at in the live webinars every day, okay? We're looking for this kind of behavior. We're anticipating this kind of behavior and you'll be able to see it as you become more familiar with understanding it, all right? And what to look for, okay? So, that's just the traded volume and you can see that since we are not aggregating this data and you can zoom in on unlimited zoom basically, you're getting an advantage over a footprint chart as well because the footprint chart, although it displays all of the data where it took place at that specific price level, which is good information but it's showing you on an aggregate, all right? And usually it's on a bar, maybe a candle rotation or just a time or volume bar. It's still aggregation though, okay? And we're not doing that here but only graphically or visually when you start to zoom out but you see the microstructure and then how the volume plays within that microstructure and that's the advantage that you're getting here, right? Now, understanding a whole nother side of the order flow and that is what's happening actually outside of price here. Okay, where are they bidding and where are they offering? And we usually access that data in a dome, okay? We see the depth here on the offer and the depth on the bid, okay? And we have best bid and offer here, okay? This is the live market window as well, okay? This is best bid and offer and this is your last traded volume here, all right? So understanding the depth of market is important. We want to understand how this affects price. We see that there's 220 contracts up here at 5235, okay? And it gives us understanding to where traders are lined up to trade and that gives us a lot of insight. Now, the problem with a dome is that that insight is gone once these numbers change, okay? Once they add or pull liquidity here, we no longer have that data. It's not recorded. You'd have to remember it, all right? And that's the problem with the dome. So how Bookmap solves that issue is by showing you in the heat map, okay? So we take this data here in the limit order book in the dome and then we paint it in this window here in a heat map, all right? So bright areas are high liquidity. Okay, and other areas where it's a little darker, it's less liquidity, okay, in the grayscale. And now where it gets interesting is we record this data and project it onto the chart historically, okay? We can see it here. And we can see the behavior now of these players because it's all recorded and we get an understanding of their intent to trade, okay, in the auction. So are these guys, do they really wanna trade up here? And it's up for debate. You know, they're adding and pulling. They're not really staying in the market, okay? And they were here as price came back up. You can see the striations. This is adding and pulling of liquidity, okay? And then they pulled most of it. And we trade into this area, but I'm imagining some of it traded but some of it was pulled. And then we reverse to the other side here. Okay, and then they jump back in. These majority of these players here at this 5,235. Okay, it looks like we might be pretty poised here to come up and test them right now. So we'll see if they're in the book or not when we come up to this area. Okay, let's turn off the candles at this time. And we'll take a look and see if these guys get tested here. All right, so that's the heat map, the liquidity and understanding the volume and the microstructure and the historical best bid and offer. And that's basically it. That's what Bookmap showing you. It's not a derivative of time, price or volume. It's no study of it, it's just the market. And we're giving it to you in a very, very objective manner, okay, just graphically and visually. Now you can get all the numbers and data using this data tip tool and hovering over these areas. Or you can also look at some of the columns that we have here that give you volume. And then if I right-click in this column, you can see there's other different data types. We can look at volume. We can look at the current order book. We can look at trade counter, so trade volume, number of trades that took place, quotes counter, so number of quotes that were refreshed, the delta of the quotes, the number of contracts that are added or pulled. We have custom notes and time and sales. All right, so we've got many different features here to look at the market. We also have a subchart here that's showing the cumulative volume delta. It's just a very simple indicator, adding up the volume here. And if it's a positive or aggressive market buy, it's gonna show it as a positive number. And then it's gonna add that with a sell volume which is gonna be a negative number, okay? And then just plots it overall. And there's many different studies here. You can see I have a couple of different studies for CVD and it's very, very configurable, all right? All right, well, that's crude. Really no follow-through whatsoever, just really back and forth here, and that's been it. Usually this release here gives us some really nice moves and it gets very, very erratic. I mean, we can see here if I scroll vertically by just left-click, hold, and drag in a column or on the price ladder, look at them up here at 52.50. We see this all the time, look at 52 down here, same thing. You can see where we can analyze the behavior of larger players. They place their liquidity on the even numbers and this verifies it, here they are at 52 and here they are at 52.50, all right? High liquidity. Anyway, let's wrap it up and we'll see you in the next webinar for those of you who are current customers. It's great to see you guys in here and ask questions. I mean, we wanna go through the functionality here for you in Bookmap and also what you're looking at and how to read it, all right? But it's more about just the basics and then we'll really dive into the order flow in the next webinar, okay? All right, guys, yeah, thanks for coming and we'll catch up with you tomorrow, bye.