 Okay, so welcome to the Bookmat platform details webinar. It's going to be a short week here, just Monday, Tuesday, and Wednesday, and then that'll be it for for a bit. So, and then next week, we will not have webinars as well. Alright, so it's the summer vacation and and we'll resume in I think after Labor Day in September for the US session here. Okay, so let's get into it. Risk disclaimer, trading equities in futures involves substantial risk of loss is not suitable for all investors past performance is not indicative of future results. For more information, go to bookmap.com. Once you are in trial and become a member, you'll have access to a lot of free resources, including the bookmap advanced analysis webinar, which is following this webinar in about 28 minutes. So if you're interested in that, then, well, it's only for those that are in trial or current customers is we had a lot of complaints about the customers not being able to, you know, have more understanding of using bookmap understanding the order flow, when there were a lot of questions regarding the platform. So we separated the two out. And so the first one is understand what you're looking at here in the platform, answer any questions, and then we do get into some of the analysis of the live order flow. But then we'll just move directly into that in the following webinar. Okay, so that's the idea. Let me show you where you can find bookmap. So go to bookmap.com here. Let's click on explore. There's some intro videos here. If you're brand new, I would recommend watching a few of these to understand what you're looking at. And then let's click on connectivity. Okay, these are the methods how you will connect bookmap to the live markets. We are not a data provider. You will need to have a data provider or broker that we support. Okay, so these are the data feeds and APIs that in some cases like Ninja or TT or interactive brokers, we go through the API of these programs or platforms. Bookmap is a platform in itself though, so you can connect it directly to CQG, Rhythmic, Gain Capital, IQ Feed, Transact, etc. Okay, let's go down a little bit further and this is where you can give bookmap a try. So you get a 14 day trial period. There's a basic and the advanced version. 49 per month, 99 per month, they're billed quarterly. And the difference between the two. One is the ability to trade from the chart, which is really nice because we have the liquidity in front of us. And we understand where we're going to be positioning front running high liquidity to get our entries, higher probability of our entries on in the market, or hide behind our stops behind high liquidity as well. So we have less of a chance of getting hit. And then the other difference here, majority of the differences are these add-on indicators that are more geared for order flow and the high frequency environment. So not your typical type of add-ons here. And then you can see there's the basic and advanced over here as well, but it's packaged with DX feed. Now the DX feed, it's only for U.S. equities. It's not for futures. It's an excellent data feed. It gives you full depth of market. And we can take a look at some equities if you have any questions about that. It's really interesting to see the equities compared to the futures. Anyway, just, you know, these sessions are for you guys. Answer any questions that you have, but let's jump in here. And well, let me show you first the Twitter account here. You can follow us on Twitter and get updated information. You can also go to the YouTube page and you can subscribe here. If you're new, I would recommend going through the features and components here. Okay, just get an overview, understanding what Bookmap is. Then you might want to watch a few of these order flow video snippets. They're very short. And these videos cover a lot of the content that we see in the live order flow advanced analysis webinar. So that said, right down below here, the selected webinars that we have, there's a few of the advanced ones that are in here. So a few are these platform webinars and then a few are also from the advanced webinars. So this was actually from Fridays, I believe. And great stuff, great to see. So yeah, I recommend watching some of those if you have a moment. And then here's a professional trader that we like very much. He's excellent and he uses Bookmap so you can see how he integrates it within his trading. Okay, let's jump in. All right, so let's take a look at Bookmap and we're going to go through this process like we do every day. So we're going to make it very, very simple and we'll get more advanced very quickly here. Okay, so what is it you're looking at in Bookmap? And let's turn off a lot of the data here. And we're just going to look at some candlestick charts and zoom out a little bit. Okay, so this is a five minute candlestick chart. Each vertical dotted line here is 15 minutes of data. So you have five, 10, 15. All right, so you can see we're looking at the NASDAQ. You can see the move down here, a lot of red. Now the candlestick chart is showing you open, high, low, close of five minute period. And that's it. Only four data points. There is a lot being left out. And we're so accustomed to looking at candlestick charts for the most part. And we're making decisions based on candlestick charts, but there's just so little here to go on. And that's a problem. We want a lot more transparency and insight. For example, where did the volume trade? Where are traders committed? Now, most of us also have a volume subchart as we do here. You can see where the volume is spiking. That's good. However, we want to know exactly when the volume spiked, where on the candle, and how much, and what type as well. Was it aggressive selling or aggressive buying? It gives you tremendous insight to what's going on. Because if you know that there are a lot of sellers down here on this candle here, down at the lows, and we see buyers come back in and they lift the offer. Well, these guys are going to cover. They're going to be buyers, and they're going to be squeezed out of the market probably up at this area here. So that's information we want to see, and we're not getting it here in the candlestick. So that is a problem, and bookmap solves that issue. So let me first just turn on the best bid and offer. Already, we get an understanding here of microstructure within that five-minute period, which you couldn't see here at all. You just see the big down bar here. Well, what occurred in that five-minute period was, you can see we get a quick move down, a retest back, and then another move to the downside, and then it consolidated here. So there's a lot of volume that actually traded down here. And actually, that scenario of it being trapped volume is looking pretty good, because we actually see this pattern again and again. And let me show you what I mean. And I'm just looking at historical best bid and offer, and I'm already getting that insight. Okay, without even looking at the volume, but I know that there's going to be a lot of volume here. So these guys are going to be trapped. They'll cover actually looking at the structure. I originally looked up here. Looking at the structure now, though, I think they'll be covering here. So if we can spike up above here and maybe ignite some of those stops, we can have a nice quick move back up into maybe 5780. That's just by reading the order flow here. Well, not even the order flow, we're just looking at the structure. So we already have tremendous insight by looking at that. But let's turn the volume dots on, and here we go. So now we can see all of this volume that traded down in this area here. And let's zoom in a little bit. Let me take this off here. Here comes the initiated bind that we're looking for already. As you can see, look at the green dots here. That's aggressive bind. So it's looking pretty good. This scenario that we just outlined is looking pretty good. It would be really hard pressed to see that in the candlestick pattern here. So anyway, let's zoom in and look at some of this traded volume here. So here's our five minute period, and now we've zoomed in a little bit, and we can see each vertical dotted line is a minute. Look at the structure that is broken here. Look at the breakdown, and you see the aggressive selling. A red dot is an aggressive market sell order. A green dot is an aggressive market buy order. Let me zoom into this level here, and I'll show you in more detail. You can see that here's a green dot. It occurred on the historical best offer, which is the red line. The best bid is the green line. So this is a market buy. So someone crossed the spread, and they paid up for it, and then they got filled here on the best offer. In fact, it looks like they may have gotten slipped a tick, thinking that maybe I'll get filled at 5760. Well, the offer came up to 5760 in a quarter, and they got filled there. So that's what we're showing here now, the red dot. Let's zoom in to here, and we can see the red dot here is on the historical best bid. So this is an aggressive market sell order. Someone hit the market sell button. They took liquidity off of the best bid, and the transaction occurs here with the dot. So that's what you're looking at, and you can continue to zoom into these levels. Now I know that this is a small trade, so we're not going to get too much out of it, but as you can see here in the timeline, we're down at microsecond level. So we're talking millions of seconds. So notice how as I zoom out, there's actually a few different trade events in here. And as I zoom back out, though, we consolidate visually and aggregate just visually this data because it happens so quickly that it doesn't really have meaning for us. So as I zoom back out, it consolidates into one red dot, but this red dot will continue to consolidate and it will get bigger. And it gets bigger and bigger and bigger to a certain point where we're giving you the overall understanding of what occurred here, what traded, what type of volume, and you can see in this case, it's consolidated into a pie display that gives us both buying and selling, so the delta between the two, or the delta between the buying and the selling. So we have an understanding of what occurred at some of these levels in these areas. Now, if you want the exact number and a lot of traders do, you just click on the data tip tool and you can hover over this dot and it gives you the date, the time, what was on the ask at this price level and the volume at this price level. So this dot here signifies 176 contracts that traded. So that's the volume. And there's, let's zoom out here a little bit as I was talking. Here's the scenario that unfolded just like we were talking about. We came up into above this area here and you can see the aggressive buyers here. All right, hold on just a moment. Okay, and buyers are still engaged here, it looks like. So maybe we'll climb up into this 57, 81, 82 area now. Let's see if we have enough buying here, aggressive buying to get there. They need to get above the first stop it would be this 57, 73. All right, so anyway, that's the volume and now we have tremendous insight here to what really unfolded and that was lacking within this candlestick chart. Now, we also, another part of order flow and understanding where price might go is to understand the limit order book. So let's zoom in here a little bit. And I've got it set up here. Let's hide a couple of these columns, make it simple. Okay, so the dome, most of us are very familiar looking at a dome. So this is the dome here in book map, the COB column, current order book. Now I have two of them. Okay, I have one that's here, I'll just right click and format and you can see it's bars and numbers. Actually, let's just make it bars only and that's fine. I like it like that. And then I have another COB column here and it is formatted as numbers only and I've split out the data between the buyers and sellers or bidders and sellers and I inverse that split so it kind of mimics regular dome here. Okay, so we can see the depth of market here. Traders lining up to provide liquidity here on the bid side and traders on the sell side here lining up and providing liquidity up here as well. Now, these numbers change all day long if we zoom in here. And we can gain a lot of information by reading the dome here. We understand areas where there's liquidity where the market can trade like right here there's pretty high liquidity. Let's see if they come up and test that area. Okay, because the market can trade up here at this 70 and three quarters area up here. And just to get an understanding of the auction, what's really going on in the auction here and it gives us a lot of insight. The problem with the dome is that these numbers are constantly changing. When they change, we have no reference of what now occurred there historically. And that's a big problem because this is rather tedious to read and to remember there was high liquidity down here. They started to bid up in front of it. They were front running it. They were really interested and then that changes as the say price goes away. Now you don't remember when and maybe even that price level. And what if it comes back in the next 15 or 20 minutes? You'll have to record and remember all of that which is rather tedious. So the way book map solves that issue is through visualization here in the heat map. So here's your dome and here's your price ladder. And then this window here is also the current market window. It's the best bid and offer right now currently with the dashed lines. And then this is the last traded volume, this number here. So now I'm going to turn on the heat map and I'm going to show you and let me adjust this heat map a little bit. Now we have an understanding in this window here. We'll just start with this window. You can see these very bright areas. That's high liquidity. And we know there's 55 contracts there. It's pretty high for this particular time. And that's on the bid and then on the offer we see 51 up here. So we know in the current market window here where they're bidding and offering where this really gets interesting is we take that data here and we record it. And then it's transposed on the chart historically. So now we have an understanding of these areas here. You see these striations in the heat map. It got kind of gray. It got a brighter shade of gray and then it got darker and then it got brighter. That is the adding and pulling of liquidity. It's a little bit better example here at 63. So I know that they're interested down here but they keep on adding and pulling. So they're not that interested. So now I'm starting to gauge and understand within the context of the chart and the dome how this auction is going. And it gives a lot of value and insight that is lacking here in the dome. That's the problem with the dome and we solve that issue by recording it transposing and onto the chart. So we get the current market as well as the historical market. Now as I zoom out this is where it gets really interesting because we have a much bigger picture of what's going on. Now I'm going to have to... You can see here we can adjust for that heat map and get some more insight. So look at our area up here that we were looking at previously. We were looking for stops being hit up in this area. Look at all the liquidity that was provided up here. Very high liquidity. Larger traders, they know what they're looking for. They were looking to grab those stops and they did providing their limit orders up in that area. And we can see that we rotated lower. Came back down, rotated once more a little bit lower and then we saw here now we'd have to zoom back in there to see that and maybe adjust for the heat map at this point. But we saw them starting to get interested here. And we can see now we've rotated back up and we've hit high liquidity here up at 71 and it looks like we want to come up and test into 72 and 73. So now we have a complete picture and in fact let's take the candlesticks off. Now we have a complete picture of the volume that traded, the microstructure with the historical best bid and offer, the volume that traded on that in those areas where, how much, when and what type. And then we also have the understanding of the auction where they're bidding and offering. And if they mean business in that or if they're just going to pull that liquidity. And now we have a much clearer picture of what's going on at some of these levels. So any questions? Let me know. That's just the basics of book map and there are so many other features here that we haven't even touched yet. There's all sorts of volume columns over here to take a look at. You can also right click here and we can look at volume columns. We can look at trades counter columns. Not the number of contracts that traded, but the number of trade events that took place. We can also look at quotes that were refreshed in those areas. And we can look at the delta of the quotes. We can add custom notes. We have a time and sales column and lots of details and settings for all those various columns. There's other features here to go through. So we have automated trading strategies. There's three that we have here. There's a chase, escape and execute. Now you can trade right from the book map chart as well. And let's enable it. And you will need the book map advanced version to be able to do this. And let's just choose one here. And let me enable automated trading strategy. Whoops. I'm going to actually engage two at the same time. The chase is like a trailing stop, but it's a trailing limit order for entry. So you'll chase after the market and then it will stay at a specific level. And then you're looking for a pullback and getting filled on the pullback. You can chase by a number of ticks here, but that you can input yourself. The escape is a little different. Basically, the escape is like a currency price coming up into an area. And let's say I want to be a seller up in this area here. And let's say I don't have high liquidity to support my decision. I want to trade along with the bigger players. So if a certain condition is not met here that I don't have liquidity to support my decision to go short, then it engages in action to move my order away by a number of ticks here. So in fact, let me make this condition rather hard to be fulfilled on purpose. Let me engage these strategies and I'll show you. So I'm basically going to have a market buy limit here and then market sell up here. And you can see that I'm chasing it here on the bid. And I just got filled. So all right. And I just got filled there. All right. Well, let me, I'll have to make these a little more. Let's see. Oh, okay. That's why I want 500 here. I thought I put that in. Okay, let's try that again. Okay, so I'm going to be a seller here. I'm going to be a buyer down here. And you can see I'm already chasing and then and I just got filled again. All right, so let me flatten this and let's see what I have here. Okay, so it went back to 62. That's not what I'm looking for. Okay, and I just want one price level here. Okay. This ought to do the trick. Okay, so now I'm trying not to get filled here, basically. And because I want to show you how the algos work. Okay, so you can see that a price moves up and it's moving my order away. Okay, so this is the escape here on the way up. Okay, now it's engaging chase as if the market comes back down. Okay, the bid here is obviously chasing. It has not escaped yet. There's an escape. Okay, so you can see I'm straddling just like a market-making algo in this sense here. Just staying a slightly away from the market. Okay, but still staying in line here and when I get to a certain point here, what I can do is I'll just turn these off. All right, I'll just say, okay, I want to be engaged. I want to be in the market. There I am. And let's see if it can come up and just come a couple ticks here and hit me at, I need to also dis-unengage from that one on the chase. Okay, here we go. Okay, and I just got filled here. All right, so you can see how it works. And that's just another feature. That's just one more feature. There are so many others. Ask away, take a look, give it a trial, free trial period and start to explore. There's iceberg detectors that we have here looking for iceberg orders or looking for maybe larger players as well. Now these are some of the book map advanced features. We also have an indicator panel on the bottom, the sub chart here and the delta as you can see here. And there's many different settings that you can have also for this indicator panel. In fact, if you're a programmer written in Java, you can write your own programs within book map. Yeah, Tony, will it help you get in and out of your trades? Yeah, I mean, if you're looking for a specific setup for the orders we're working here. Right? So that's exactly what you can do. Okay. Anyway, there are quite a few other things to take a look at. We don't have time. We'll have to jump over to the other webinar. So we'll catch up with you tomorrow. All right? So yeah, if you have any questions, just reach out to me support at bookmap.com and happy to answer any of your questions or if you guys are looking for a walkthrough of the product, just let me know. Okay? All right. All right, thanks. Take care. Bye-bye.