 Okay, welcome to the bookmap platform details webinar This is Bruce at bookmap risk disclaimer trading futures equities and digital currencies involves a central 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 an educational course That you get when you become a client at bookmap I I would highly recommend watching the educational course and then when Well what comes along with the education is access to the advanced order flow webinars Okay, so this is not the advanced order flow webinar. This is the platform details webinar at 1030 at 11 Eastern In another, you know 28 minutes is the advanced order flow webinar Okay, so the difference and distinction between the two are that We're going to go over in general what book map is showing you here and How to use it and some of the resources? Okay, so answer any of your questions but Start with some of the basic building blocks and then what we do in the advanced order flow webinar Is we really dig into the the order flow? Okay, so understanding the phenomena in in the markets in the live markets and starting to analyze it and anticipate future price movement based on what we see in the order book and in the transactions Okay, so the advanced order flow webinars in the live market support the content that is in the educational course Okay, so hopefully that will help you ramp up your understanding of order flow And how book map can help you read it? Very precisely and clearly Okay, so Let's take a look at that website here. It is you can see the new Book map 7.0 here. We also offer digital currencies now So let's scroll down here a little bit and there's an intro video Just going over the basics information about book map here and then further further down here There's a Nasdaq total view. So book map now connects to Cryptocurrencies The stock market so for all US equities. Okay, that's all we're offering right now Through this Nasdaq total view and then futures markets Okay, so this is important to know book map is a software Visualization trading platform Okay, we're not a data provider You will need to provide data to connect to the live markets So you can see there's some other trading platforms up here as well like Ninja trader The interactive brokers traders workstation or TT X trader pro. Okay, we're a platform just like these guys and However, we connect to the API of these three platforms here So that's a possibility if you want to do that you can you can get your your data into Ninja For example, and then it would also then output to book map when you connect via the API to Ninja However, we recommend just using it like a platform and connecting directly to your data feed And this is what we support CQG rhythmic gain IQ feed transact dev experts which was is for the connection to Gdax as well as Nasdaq okay that Nasdaq total view now the Gdax is for the cryptocurrencies. Okay, and actually you will get that for free When you become a client All right. Oh, let's go over the pricing tab tab here Okay, so this is where you can find book map if you Are interested there's monthly and you can click on yearly here and you get a discount at 20% There is a free version here. Okay, no credit card All you receive though is you will you will get book map total version working version It will be for one cryptocurrency Okay, it's live And you get you know all the features except the you know the more advanced Indicator package features real-time order flow visualization You can use the simulation mode to to use the one-click trading if you like And you only get basic education and you only get limited support. Okay, that's the free version Digital plus. Okay, what you're getting with this is it's all digital currencies. It's 37 dollars per month and You receive you well, you can record and replay your data, which is a big benefit for debriefing and You know improving your execution execution skills And you also get 20 instruments. Okay, not just one You also get access to the advanced education, which I mentioned earlier the course as well as the live market webinars the global this is 49 dollars per month and What you get is everything in digital plus it supports futures and the US deck equities here. Okay, so that's The futures here you will need to provide your data as well as the US equities Okay, now a global plus what you receive is everything in global But you also receive our Indicator package. Okay, so you can trade right from the bookmap chart Which is a great benefit because you can see the liquidity map in front of you So you can front-run high liquidity if you want to look for a higher probability entry. You can also Hide your stops behind high liquidity for a higher probability of not getting stopped out And then you can see these other add-on indicators here Not only are we these are proprietary indicators we created. That's not your standard RSI or stochastics or MACD you know, we're looking at order flow and Not only can we start to visualize and identify? Specific phenomena we can also start to identify the players. Okay, and we'll see some of that today in this webinar So for example a larger player Holding the majority of liquidity at one specific price level some imbalance indicators iceberg detector again larger player That is using hidden orders doesn't want to show his liquidity in the book And then correlation tracker. Okay, so you can see that we're getting very specific here now We're not only identifying liquidity. We're identifying the players Okay Now if you're new to futures you need data you can click here and That will take you right to A page here where you can There's some free demos of data So so you can hook up book map for a couple weeks and and try out maybe the global if you want to do that Okay, so you will need to pay $49 per month for that global But you'll get your data for for a couple weeks Have any more questions. There's a whole FAQ section here. Okay, this is a new link it will bring you to the FAQs here and search for anything. This is for that free version. So You know or or any version really? I mean, this is actually the first stopping point if you have any questions and the if you want to complete list of all of the Features and want to decide here you can take a look at this link here It leads to this page and you see what you get here. Okay Okay, Jill welcome Jill. It's pleasure talking to you on Friday. Let's see if you also want the digital currencies. I assume you Need to open a G-Dex account. No it you'll you should have access to it right now Jill so in fact, let's let's go through it and let's I'll go through it in just a minute here. Let me just finish up with You could follow us here on Twitter on our social media and At book map underscore pro and you'll see that all the different things that you're going to receive here Up to date information and then you can subscribe to our YouTube page Okay, so just briefly our YouTube page intro videos playlist here if you want to click on the headline Just to get a feel for what book map is Features and components click here And you'll go over all the different features in book map and then these order flow video snippets Okay, I would recommend these Understand the concepts in these because this is where book map is going to help you Okay, understand the order flow what you're looking at and how to read it Using book map and the transparency that book map offers you that's the advantage here. All right Okay, so let's let's jump in here and take a look at book map and We'll start with Jill answer your question. So Here you can take a look right away here at at book at Bitcoin for example, okay, and How do you access it? Okay, so let's go up here to connections Okay, and though for those of you who are new here, I want to cover this because This is a great feature in book map now you can see that as a platform we've really progressed here and matured into pretty Versatile and powerful platform I'm connected now to the G DAX exchange Rhythmic data for my futures and then I'm also connected to the DX feed for US equities. Okay, all at the same time here I can also connect to the Cedro crystal for the Brazilian market, okay, so if you want to connect to that we also offer that And and this will continue to grow, you know, we'll probably offer some other connections to the Digital currencies, etc. Okay Maybe other stock markets international stock markets. All right, so this is this is how you can configure one I just come up here add a new connection. Okay, I mean Jill you should see it here for your G DAX, okay, so just click on that and If you see G DAX there and what you need to input for your G DAX is your Your book map information Our login. Okay, that's that's how you will get your your G DAX Okay, so for book map.com you'll use your Credentials for book map.com here for G DAX. Okay, it should connect automatically. Okay, you should already see it and If you do the next thing to do is then click on the plus tab Okay, so you can see I have all sorts of symbols here. So the plus tabs way over here on the right hand side Also, there's a drop down here So you you know if you want quick access to all your symbols, so you don't have to always scroll like this to go back and forth You can just click here and Very quickly get your the symbol you want to Access so let's click on plus sign. Okay, and What pops up here choose your platform or your your connection which will be G DAX in this case and Then choose your symbol Okay, and I can go over this too if you guys want since this is the platform details webinar You can choose the amount of historical data. You want it to load here? Okay from the drop down You can get up to 48 hours of historical data, which is fantastic. I have three hours from my local time and This is kind of you know, I'm not going to go over this actually I'll all lewd to the it's covered in the Bookmap 7.0, but you can control the tick size and the granularity in the in the digital currencies, which is fantastic I mean, this is you know, this is fantastic. You don't you're not, you know You know like Committed or you know forced to look at Every single cent you can if you want you can look at $5 a tick And you can look at $100 a tick In in your Bitcoin. Okay, so that on your price ladder From one tick to the next it's going to be $5 for me Okay, and then I can look at the granularity here. So for example, if I want to see You know one coin well, then I'll just choose one And that'll be it Okay, but I want to look at maybe some You know hundreds of coins and that make up more liquidity and and it'll show up here All right, so if I zoom in In Bitcoin here unless zoom vertically here you go. Okay. See notice how each tick Let's zoom in a little bit more Okay, each tick here. Okay. No, this is this is the way I have it configured for for this For Bitcoin I actually have for each dollar. Okay, that's the way I set it up earlier not for $5 Okay, and then I also chose here as you can see thousands for liquidity. Okay, that's why it goes three decimal points Okay, so I'm gonna see a little more of all quite a bit more volatility if you want to kind of Maybe smooth smooth this out a little bit and not see so much volatility if you're not really like hyper scalping Then choose $10 a tick or something like that. Okay, and your in your view is gonna look, you know Probably something like this, you know a little little bit a little more smooth You'll see areas of higher liquidity instead of all the details okay, so I Hope that answers your question. Let's jump into the NASDAQ futures here and take a look at the markets and got some new traders in here that are filtering in as they can see so I want to Welcome you guys to the room here and You know answer any of your questions that you have regarding the the platform Okay, there's all sorts of new features here in this bookmap 7.0 And I'm actually going to strip away Most of them right now just so I can demo the basics of what you're looking at in bookmap So you guys understand that first And that that is important Okay, so Let's let's Let's just cover this to begin with looking at your chart here in bookmap. Okay? It looks like a pretty pretty wild chart like all sorts of data here And what's the significance of it all it looks? Maybe a bit overwhelming For a lot of traders who are used to looking at candlesticks and a couple indicators Okay, this is actually very simple and straightforward data. Okay, there's really only three Elements on this chart One is a historical best-bidden offer Okay, and we'll just we can show that right here. Okay, let me take off the heat map and the volume dots Okay, this is it historical best-bidden offer Okay, and I'll get into why this is so helpful to begin with Because it's not aggregated. Okay, so a candlestick chart is going to aggregate that okay the second element on this bookmap chart Is the the volume? Okay that traded on that historical best-bidden offer. That's it. Okay? We're just looking at volume best-bidden offer and that third element is the heat map. Okay now the heat map is What showing outside of that of the transactions? Okay, it's showing you where they're lining up to bid an offer Right, so we're starting to we're starting to read the liquidity now Where where is the market being made? That's all derived from the dome. Okay, so let's take a Look at a candlestick chart and compare it All right, and Understand what we're looking at here. So the candlestick chart here is You know It's an aggregated period Okay to simplify the data here They aggregate it. Okay, we're all accustomed to looking at aggregation to be honest This is what we're The way we have looked at data for years decades however long you're trading is probably the case and the problem with this aggregated view is it's Very very opaque. There's all sorts of details and microstructure that you're missing and You're not getting that that insight like this candlestick here between this candle and this candle in this five-minute period There's all sorts of information that we want to understand that gives insight to future price movement Okay, and it's just open high low and close of that period. Okay, so for example, let's just zoom in here and take a look There's microstructures in here, okay, and that comes from that historical best bid and offer Okay, and we want to understand Those microstructures because look at the breakouts here. Okay, and why this continued to break out Okay, we can put it all together here Whereas a candlestick chart you really you just you just don't know you don't see any of it It it's it's hiding that information So look at look at the cluster of volume up into this area here, which broke out from this structural area here Okay, we don't see any of that in the candlestick chart All right, and then there's another microstructure look how we kind of nibbled away at the top edge here And then we see another catastrophic break to the upside here's another structure Okay, we broke that one as well and we get look at these little pullbacks. Okay to where it broke from here Here and here. This is a very very indicative of a trending market to the upside Okay, you'll you'll get the breakout usually happens very quickly. You get a sweep of the order book Okay to higher levels and then that you'll see more volume trading at these higher highs and zoom in a little bit and Let me get rid of the rectangles Okay, and then let's bring up the dot size a little bit Okay, very indicative of a trend here and it's trending now rather strong strongly here You can see look at the volume here in this area green dots lots of green dots, right? Well, what is a green dot? Let's zoom in here and take a look Okay, and we'll I can cover in that in detail here. What we're really looking at in bookmap. Okay Right here. Okay, here's your historical best bid Here's your Historical I'm sorry best offers the red line best bid is the green line the green dot here That's a market buy. Okay. It transacted on the best offer and it took liquidity off of the best offer That's why we consider it aggressive volume. Okay. It's the aggressor classification of it Someone just they they cross the spread they paid up. They actually paid a couple ticks here to do that and Took liquidity off of the best offer. They did not provide liquidity Okay, in the limit order book. They're providing liquidity. They're waiting at specific price levels Okay, and there's high liquidity up above here right above as you can see here Right in that heat map. I'll get into the heat map in just a second But these are just two elements here that we're displaying is to Oracle best bid and offer and the volume that transacted Okay, now we can zoom into these areas and we can check out every single detail here. Okay, and This was actually I can see here volume is one in my Volume column over here. So this is one lot that traded. Okay, someone hit the market buy button for one lot That's it. Oh As they zoom out though note that I start to or book map starts to consolidate all of this data Okay, just just graphically. Okay, just visually and Into a bigger dot Okay, and we can see exactly what it is here by hovering over. We're using the data tip tool here Okay, so for example, this is for 49 this dot, but it's not just one trade for 49 Okay, we zoom in and you can see we've just broken it into these clusters of activity here Okay, this is exactly how these markets trade today. Okay, these Algorithmic clusters you can start to see this algorithmic activity. You start to see the mechanical spacing between them, etc You know, it's all here. It's all right in front of you Now we don't trade at microsecond level if you look on the timeline. Okay, so that doesn't really help us it does if you're You know trading automated strategies so you can see exactly how your algos behaving And that's actually why book map was developed in the first place. We came from that environment Okay, developing algos seen and visualizing how they're performing But just realize that actually this is really helpful for any traders. Okay, and note how as I zoom out We've consolidated all of that just graphically into a bigger dot and we we know it was for 49 Contracts we get the date the time spread in the volume And There it is. All right, so those are the two elements and now that third element is that heat map Okay, what's the heat map? showing me Okay, and then I'll get back into the going over this concept of more volume trading at higher highs here And very indicative of this trending market Okay, just a few a few details in the order flow so that you guys understand that concept. It's really important All right, let's just cover the heat map and then I'll get into that and we can just take the candlestick chart off now I mean we just we can see so much more. What's really inside this five-minute period as opposed to Here it is right here. Here's our last candlestick and here's this candlestick. There's just so much more information here So we've really broken it broken into it And and understand really what what occurred here Okay All right, I'll get to a few questions in just a moment here. I see you guys questions But I want to cover the heat map. Okay The heat map is derived from the dome and this is Everything to the left of this vertical white line here is historical everything to the right is current market Okay, except for these volume columns So this is your your current market right here this window Here's your best bid and offer and this number is your last traded volume Okay, and then over here is your price ladder and then here is your depth of market Okay, best bid and offer here and then all of these numbers here On the offer. Well, this is liquidity. Okay It's where traders are lining up and providing liquidity at these specific price levels All right, that's on the offer and here it is on the bid now areas of high liquidity when these numbers become pretty high Well, what we do is we take that data and we paint it in the This window here Okay, so high liquidity is painted in the heat map. Here's our scale of the heat map So if it's dark, there's it's low liquidity since blue is higher white higher yellow higher yet and then the highest is the orange okay, and So we take that data we paint it here in this window but the the brilliance of it is we record it and Project it onto the chart historically. So now we can see where they're bidding an offering you can start to utilize your dome Not only for you know small movements Much higher time frames much higher. Okay, you can zoom out and you can start to see all sorts of things and For example, let's look at this just this data that we just saw here. Okay, we're gonna start to note Okay, let's zoom in here Look how We see high liquidity and look how it kind of popped down here and became high liquidity. Okay Now we're starting to identify specific players Okay, that would be very hard to read in the dome over here Okay, you just see the numbers flash back and forth very quickly, but we've got it here This is one player who okay? I mean there's there's multiple players at these levels Okay, this isn't the the clearest example, but you'll get the point High liquidity here and then look at this moment right here in time Okay, it got it. There was less liquidity So it looked like One of these players here pulled liquidity and added lower Okay, and then he pulled liquidity again here and added lower at the same moment So we're identifying specific players Okay, and we can start to understand larger players like these these guys here And how they're behaving and their intent to trade and that is the key Okay, do they want to trade or not? Or do they want to spoof and try to you know do do something that's a some sort of disruptive practice? That is you know Prohibited it's not it's not legal practice But we can start to identify all of that behavior. Here's that behavior on the higher time frame Okay, so look look look here now how it's muted compared to some of the other high liquidity areas but look how price came up here and Started to show interest and started to maybe skew the book a bit. Okay now oops if I Yeah, here we go. So now we I've got it again here and we can see That on the higher time frame how this guy's behaving. Ah keep going lower So I can't it skews the map there and We can we can start to read read their behavior at these areas We even got a double-top test of these area of this area here. Okay, this guy didn't show up again though second time Okay, maybe he showed up over here kind of look like his His process. Okay. Yeah, right right over here as price starts to go away. He starts to become more aggressive Right. Anyway, I'm sorry. I'll quickly get to your questions. We got to go. We got to go to the next webinar but the How we're able to utilize this on the higher time frame in that trending environment and understanding it is over here Okay, more volume lifting the offer up into these higher areas of liquidity the guys are staying in the book and getting filled especially up here it looks like and We're noting larger longer term liquidity stays in the book and making distinction between that and that other kind of spoofing type of activity or low high liquidity, but it's only in the book for a very short term Okay areas down here. You're going to start to pinpoint Where they're selling but look at look at the selling compared to the buying Okay, so this is your skew. I mean, this is why we're trending up okay, and There is kind of exhausting out at some of these areas is not really finding sellers It's rotating back up finding more buyers and more buyers yet as it pulls the market upwards and that's how you get your trending environment Let's see Frank. Let's see. What keys do I use to zoom in? Okay? Yeah, I never use the plus minus only to demo to be honest What I use is just my center mouse wheel. Okay, you can zoom extremely quickly All right, you can use it in tandem with the move tool here So I can move and zoom zoom out move Etc. Okay, if I click on the move tool You know and not have it selected I go back to the current market Jill let's see you need to help with your settings or something Okay. Yeah, we'll play around with the heat map up here or click on this icon and You can play around with some of the sliders here in the heat map and you know, it will it'll look, you know different like that Okay, all right guys, well, let's let's wrap it up if you're signed up for the next Webinar I'm late, so we'll see you in there. Okay. All right. Take care. Bye. Bye