 Okay, welcome to the Bookmap platform, the bookmap, risk disclaimer, trading equities and futures 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 is a 14 day free trial of the product. It comes along with education. You get the bookmap along with the educational course and then there are the advanced order flow webinars that support the educational course. So that's in the live markets, so you can understand the concepts of what we're showing here in Bookmap and then see it applied in the live markets. Okay, and there are other resources as well for education and if you have any questions you can reach out to us at support at bookmap.com. Let me show you bookmap.com and briefly just go through it here. So just scroll down a bit. There's an intro video here. Goes through for a couple minutes of what bookmap is showing you. There's sections here about what bookmap is, what the benefits, et cetera. I'll have the webinar here, the new webinar for next week, the link in about a couple hours I'll redo this. So if you wanna register for next week's webinar, you can do it through this link here. Let's scroll down a little bit more. There's bookmap for equities, US equities using NASDAQ TotalView. It's an excellent data feed and connectivity. Okay, so bookmap is a trading platform, a true platform, just like Ninja Trader, TTX Trader Pro and Interactive Brokers. We also connect to those three platforms via the API. But we are a platform just like they are so you can connect bookmap directly, which is the preferable way of connectivity because you just go directly with the data feed. It doesn't go through another program, it's API, it's handling of the data, et cetera. So you can just go directly with CQG, Rhythmic, Gain Capital, IQ Feed, Transact, and then with Dev Experts, that's the one for US equities. Note that mid January, when we have bookmap seven coming out, we will also connect to cryptocurrencies. And it's not gonna be through futures, it's gonna be through GDAX, which will be the actual exchange for crypto 24-7. All right, here's the free trial that I mentioned. There's bookmap basic, advanced, and quant. The bookmap basic, it's $49 per month, it's billed quarterly. In the bookmap advanced is 99 per month, billed quarterly. You get either or for 14 day free trial. And the difference between the two is primarily the add-ons, add-on features. One is the ability to trade right from the bookmap chart. This is a distinct advantage because you can manage your entries, exits, and trades through the liquidity heat map that's in front of you. So for example, you could hide your stops behind areas of high liquidity or a front run it to try to guarantee a fill to get into the market, right? We have some volume and balance and order book and balance indicators, but we also have the large lot tracker and iceberg detector. These are add-ons here that start to identify larger players. Okay, so large lot tracker shows in the limit order book, larger players that are holding the majority of the liquidity at those levels. And we'll see it today for sure. I mean, just let me know if I don't mention it, but ask questions. That's what these are for, these webinars. The iceberg detector, for example, this is another one that a lot of times we'll see liquidity trade, but it wasn't in the order book. So how's that possible? Well, it's possible by a hidden order. Okay, and that would be an iceberg. And larger players are the ones that use those orders because they don't want to tip their hand. They don't want you to know how much liquidity they want to get filled. And then we also have a correlation tracker. So adding different markets on there for areas of confluence. Quants, you can reach out to us. You'll have your specific needs for your own data, proprietary indicators, et cetera, and we will work to customize book map for you. If you need a data feed, let's say you're new here to Futures, well, you can click here and there are four free trials, a different data providers that offer free trial. So you can get 14 days of data as well as 14 days of book map for free. If you can't decide, there's a list here of between these three different versions of book map and look at the differences and choose the one that's correct for you. Let's see here, social media. You can follow us here on Twitter at bookmap underscore pro. Here's an example of, let's just click on this. This is the book map seven. This is just a beta or alpha, I should say. And this is the ES as you can see here. And look at the heat map here. We have a colored heat map for the new version coming out. Great stuff here. I think you guys are just gonna love it. I have not played around with it. I've seen it many times, but I'm really looking forward to using this new version. So you can see the distinctions a lot clearer with the color, right? Now, if you like the grayscale, which I like quite a bit, you can use that as well. You can add your own custom colors, et cetera. Let's see here. So that's our Twitter. If you wanna follow us there. And then you can subscribe to our YouTube page for those of you who are new here. I would start with some of the intro videos or watch this video here. And then maybe get into some of the features and components, some of the user interface, what book map is, how to use it. And then dive into these order flow video snippets. And these are great videos. They're very short. They go through order flow phenomena that book map can visualize, that other platforms have an opacity, level of opacity that you're not really able to see this phenomena. And that's the advantage here that book map gives you, understanding it with watching these videos and putting the pieces together, okay? For example, the advanced order flow webinars we go through this kind of content in detail, okay? So we see these things all the time. And we really look at it though and see the nuances. So in fact, I'm gonna give you guys a link to the webinar at 11. And this is for those that are in trial, okay? So you'll just get it for today. We usually do that so you guys can get a sneak peek of what's going on in that advanced order flow webinar. And so join us in about 20 minutes if you like. There's the link and just click on that and register. All right, well let's jump into book map and see what's going on here. Let's look at the NASDAQ. We've been following that for a while. And a little bit of crude as well, but let's take a look at the NASDAQ. It looks like it really wants to break out here above this swing from yesterday, yesterday's high, which is up here at, what is this, 43.75, all right? So let's jump into book map and see what's going on here. Okay, interesting stuff right off the bat. Okay, notice the breakout here, strong breakout to the upside. This is at 10.15. And you can see very high liquidity here. That's what all of this white area is. It's high levels of liquidity. These are traders that want to sell. And we can see how, notice how we broke through that area very decisively up into higher levels of liquidity that are up here, as you can see. And then we've pulled back now. And look at them on the bid, okay? So we're flipping. It's not technically a flip of the book, but that's kind of another thing. But this is a higher timeframe kind of view and they'd have flipped from the offer to the bid. So now they're bidding at these levels, all right? So interesting stuff to see. So the probability looks pretty good that we're gonna accept above this 64.36 area here. Okay, all right. So what I just covered is a little bit of what we go through, a very basic idea here that we go through in the advanced order flow webinars. So maybe that's a little, not very clear or understandable. What am I looking at here? What is all this stuff? Well, let's define it. It's actually really simple stuff. In fact, it looks like it's complex. There's only three elements here on the chart. Okay, it's the historical best bid and offer. And there's the volume that traded on that historical best bid and offer. Okay, that's what the volume dots. And then lastly, we have this liquidity heat map, the grayscale. Okay, and that's the historical of the limit order book, the dome. So when you see those numbers in the dome, well, that's been recorded in this heat map. Okay, so that's all it is. And there's just three elements here. In fact, we do have an indicator sub-panel. We have all sorts of features. We also have automated trading strategies up here, the chase, escape, and execute. There are many, many different features here. But the heart of it are these three elements. And I'm gonna close up and turn off all of these other elements so we can really define this. And I'm gonna turn on a candlestick chart because that's what we're accustomed to accessing. All right. Okay, let's zoom out a little bit. All right, so this is a five-minute candlestick chart. And we know that open-high-low-close of a five-minute period is what is being displayed, okay? The problem here is it's aggregated. This candle is showing us what happened within a five-minute period. But between this candle and these other candles, what's going on? How did price move like this? It didn't go straight up like this. There's gonna be microstructures in here. And that's the problem with the candlestick chart, it's aggregated, or any of these bar charts. So we really can't see exactly what occurred in the microstructure, okay? And that's really easily alleviated here by showing just historical best bid and offer, all right? So look at, there's a little microstructure here, for example. It came up into this high here and it kind of paused for a little bit. And then it went off to the upside, okay? And we can see the retest back down into where, okay? In fact, we can draw a line across here. There's a low here, it was broken, okay? We came back into that area right here, all right? And this is gonna be more in line with a lot of volume profile. If you guys trade volume profile, there's gonna be a bigger volume profile in this area and a price did not want to accept lower, okay? So it bounced, it went sideways for a bit and then the buyers came in here and moved price to the upside, okay? So this is a nice little breakout, in fact, because pretty strong because then we kind of went back and forth here at a higher level. We didn't even get a pullback to where we broke from here. And then we went up again to the upside here, all right? So if we wanna understand what happened within some of these candles, we can just zoom right in, okay? This is what happened. Within this five minute period here, okay? Here's broken into minutes with each vertical dotted line, okay? We went sideways for a bit and we broke above. We kind of based here for a little bit and then broke higher, okay? We're gonna see a lot of aggressive buying on the volume in these areas. So that's another issue here that the candlesticks chart is just not showing you. You have no clue where the volume traded. This is a really important aspect with this lacking here in the aggregated chart view with bars or rotations or even ranko bars, whatever it might be. We really don't have the context of where the volume traded, how much, and what type, okay? Aggressive buying or aggressive selling. And that's a problem here. So we can easily see solution by turning on the volume dots, okay? So now here on this historical best bid and offer, I'm showing you exactly where the volume is trading. How much, what type, and where. We also have the context of the microstructure, okay? On that historical best bid and offer. Okay, so that's an advantage over looking at a footprint chart, okay? Because that footprint chart is gonna be aggregated as well, okay? The footprint chart is gonna give you the volume and where and how much, but not really when because it's gonna be aggregated within that chart or bar, okay? Whereas here, we see the distinction, okay? So this little move to the upside, there's not a whole lot of volume here. I mean, it is, you know, it's not bad, okay? And then we look at the little areas we come down into here and we don't find any sellers, okay? We do find a few here. Let me zoom into this area and because I wanna show you exactly what book map is displaying here, okay? Because we only have two elements here on the chart right now. Historical best bid and offer, okay? Offer is the red line, bid is the green line. And then we have the volume that traded there, okay? And we're showing you the aggressor. So a green dot is an aggressive market buy order. We consider it aggressive because they crossed the spread. They paid up for this price and they took liquidity. They did not provide liquidity, they did not wait. They just wanted in and pressed the market buy button. And the green dot is painted here in book map, okay? Red is an aggressive market sell. Let's see here, Edson. At the bottom where we see the vertical volume, is it possible to increase the visual? Oh, yeah, yeah, yeah, down here, okay. All right, well, what Edson's asking about is the, there's also a sub chart here of volume, okay? Like the traditional sub chart. And yeah, you can just grab this little red line here and move it up and down. Yeah, so that's there as well. But again, like the sub chart, this is the problem with the sub chart. And I like the sub chart as well, but this is great. All right, so I see that, you know, almost 25 contracts traded here, but I don't know where. Okay, I know it's been recorded, but I don't know where. And I'll have a context and structure. Okay, and that's where footprint charts and book map provide that insight. The only difference being that we're showing it graphically instead of numerically. And the other big difference is we're showing it in terms of the microstructure. And the footprint chart does not. It's just gonna show a bigger bar within an aggregation. All right, so this is a really powerful aspect here, a book map, we are able to look at sub-second levels here and really zoom in and see exactly what traded. And we're looking here at milliseconds, but I can continue to zoom in here. And we can look at microseconds, millions of seconds. We can go down further into nanoseconds and look at billions of seconds. Okay, we came from the high frequency environment and that's originally what this product was designed to display, but we wanted to see where algos were getting filled and how they were performing. So we needed to go into that sub-second level. But that doesn't help us as a retail trader unless you're trading algorithmically. So as I zoom out though, although I have every single event recorded here in book map, as I zoom out, we'll just visually aggregate that into a bigger dot. So that's what we're showing in book map. And you'll note that there's some pie displays here of both buying and selling. It just means that you'll see as I zoom in, like I pull it all apart and this is really what occurred. So there's some selling in here as well. You can see there's some latency here between best bid and offer and the traded volume. That can happen when there's a really high flurry of activity. But as I zoom back out, I've just aggregated it all together and we get the overall sense of what occurred here. Now, for those of you who like the numeric values, you can use this data tip tool and hover over here. And you can see this is for a volume of 191 contracts. You get the date, the time, what was on the bid here in the volume. This phenomena here is an important one that we go through in the education. This is called a sweep of the order book. And the anatomy of this sweep is that basically the buyer came in and said, I just want in and I want in as much as I can get to a specific level, with a specific number of contracts. So if there's like 15 contracts here and they trade 20, well, they're gonna sweep this contract or the 15 contracts and go up and trade five more, one tick higher. That's what a sweep is. And you see massive sweeps all the time. In fact, we see the sweep and this is very typical. We get a pullback to where we swept from right here, one and two. And anyway, let's more for the, get into the course material, but it's just the basics. And it's really, it's a simple concept, but it's really profound because we now have traded to a higher level and it returned back to the level and they've accepted higher. So that's what it happened here. And we continued higher and it's still bullish. But that move took place down here. I mean, originally it took place down here as we broke out and then see the same phenomena here where I drew in this horizontal line. Now, right, I've only gone over two elements here on the chart. That's the volume and the historical best bid and offer. That third element is the limit order book in the current and historical order book. So let's take off the candles and let's turn on the heat map here. And let me zoom in. So here's our order book. Look at these high levels of liquidity here. These white areas here. You can see that the order book, the current order book here is your dome. These are contracts lined up at specific levels where people wanna trade. They're providing liquidity here. These numbers are always changing in the market. They're pulling and adding liquidity all the time. You see the numbers change, you'll see the heat map change, okay? So we have it graphically in this window here. This is your graphical dome. And we're showing the best bid and offer here in the last traded volume, right? So high levels of liquidity. They're up here at 45 and 45 and a half and they're down here at 38 and a half, okay? The larger players. Now where this really gets interesting and useful is not just the current dome or market, but we record it. We take this data and record it and project it onto the chart. So we just noticed in this little area here these striations, someone came in with higher liquidity and they were a little more aggressive. They wanted to be a seller, a tick lower. And then they pulled though, okay? So there's all sorts of things that we start to understand and put into context here not by just only reading the volume, but reading the auction, okay? And the intent of these traders at these levels, do they want to trade or not? And we can answer those questions. So for example, we just tested to this high level at 45. Well, let's zoom in here, okay? What really occurred here, okay? Well, you can see what occurred. We know precisely what occurred. This level at 45, they started to pull liquidity. Okay, so it was very high over here for 71, then 68, 66, 64, okay, 63. And then in this area here, 60, right? Let's zoom in a little bit more, okay? So here, actually all of those levels, all of that traded here, those 60 contracts. Here's the volume dots, okay, the aggressor. They swept the book. They swept it a couple ticks higher. And they took all of those 60 contracts that were here on the offer, okay? So that's what occurred. And where this gets insightful is we know that the intent of these traders at these levels, okay? They started to pull some of it, but then a lot of it traded. So a lot of traders that look at the limit order book and they'll say, well, these numbers are always changing. They're always adding and pulling liquidity and it's just, it's fake liquidity. It doesn't, you don't need to know about it. Well, it's really important data actually and we can precisely know what occurred, okay? By just looking at it here. And so now we have that understanding that those traders at this level, they traded, okay? Some of it was pulled, but the majority of it traded, okay? And then we can also see, let's zoom back in there, cause some good stuff. You can also see here, how they pulled at this level here up at 45 and a half. And they're adding actually at higher levels up here. So the context of these three layers here, they're layering in, okay? On the offer with high liquidity. Some of it traded and then some of it was pulled here and you can see where they pulled in and added right in this little area here to higher levels, okay? And then they added back in here, as you can see. It's got to be the same players because as soon as they pull liquidity here, they add it down here in the same moments, all right? So now we have a context and understanding of an auction, all right? And if they're gonna start pulling at some of these higher levels, well, then then target's gonna be higher, okay? Cause they don't want to deal here, they wanna deal up here. And this guy down here, well, who knows? Is he layering in, looking for a reversal and comfortable with it going against him? Or is he flipping out here at some of these levels? That we don't know, but we can start to look for behaviors in here and start to piece it together, okay? So I mean, we broke through decisively. We did not come up to 49 or we have the half figure up here at 50, but you can see, look at them starting to show interest on the bid down here, okay? So again, we can kind of look at this here and start to understand the context. That this is kind of where we broke from this little swing here, right? And swept the book higher and look at them on the bid here now at 42, okay? So they wanna buy here. They think this is a deal, okay? That this is not overpriced, they wanna buy on the pullbacks here. Anyway, all sorts of things to start to piece together and that's what we do in the advanced order flow webinars. So you guys have the link there. I'll paste it again and you can join me over there, all right? Okay guys, if not, then have a good weekend and we'll catch up with you next week.