 Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap, a risk disclaimer, trading equities and futures involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. More information go to bookmap.com. There is a free 14-day trial. It comes with education. We have this educational course with four parts to it that goes through just basic market mechanics, and then it gets into the structure and those basic market mechanics, and then we start to look at opportunities within that structure, and then we look at the, that's part three, so those are setups and strategies. And then part four is more advanced looking for confluence at some of those areas, okay? And so let me go to bookmap.com and show you a little bit about it. The up here, okay, we'll start at the top of the page and just scroll down. There is the intro video here, some information about Bookmap. I'll update this link here for next week's free webinars so that you'll have that. And let me cover this here, actually, it's part of the education. There's one part one through four for the course, but then in trial, you also get access to the live market order flow advanced webinars, and those start in about a half hour. I gave you guys a link to it yesterday. I'll give it to you today as well so that you can access today's webinar, but usually this comes with the trial. So the idea here is you ask the platform questions here, and then in the other webinar we dive right into the details of the order flow, and then you can ask questions about order flow there, okay? So it's much more engaging on the order flow and trading side, okay? This webinar here is about the basics and understanding some of the details of the platform, all right? So someone yesterday asked a question about the platform, and I said, well, please ask, you know, respect the people in the room and ask it here during this webinar, okay? So that's the deal. You can reach out to us at support at bookmap.com. Let's go back to that website. So I'll change this link here shortly, and you'll have access to that and sign up for it for next week's webinars, okay? More information here on the website, and then scroll down a little bit further. Bookmap can connect to equities, so you can get bookmap DX feed here, and then a little bit further down, other ways to connect, okay? So this includes everything, this is the DX feed down here, and that's to the NASDAQ, or it's all U.S. equities basically. But bookmap is a true platform. So we're just like Ninja Trader or TT, X-Trader Pro or Interactive Brokers Trader Workstation. These three are platforms as well, and we connect via the API into those trading platforms, but we are a trading platform as well. So if you power your Ninja with CQG or Rhythmic, well, you can power your bookmap equally, just like any other platform using CQG or Rhythmic, all right? Good morning, Edson. So let's see, these are the different ways to connect bookmap. Let's take a look at the trial. There's the basic, advanced, and quant. If you want to understand the differences between these three, you can click here for the complete list and compare in a chart. But really what's going on here is there's bookmap basic, and then there's more advanced features, and that's what comes with the advanced, okay? So 49 per month for bookmap basic, it's billed quarterly. 99 per month for the advance, and that also is billed quarterly. You get the 14-day trial, and the difference between these two are the add-ons here, these features, okay? One is to be able to click, the one-click trading right from the chart. Some of these other proprietary indicators that we developed are for understanding very specific things in the order flow. For example, a large lot tracker, we can identify larger players in the order book, and that's going to give us some insight to how price might behave at those levels, okay? There's some order book and volume and balance indicators. There's an iceberg detector. The way that this works here is we read the order book and we read the transactions that take place, and a lot of times there'll be more transactions that take place than what was in the order book, and that's not possible, but if you use a hidden order type or an iceberg, that's what happens. Trades take place that are above and beyond what was in that limit order book, and we can identify those larger players using these iceberg orders. There's also a correlation tracker here. Quants, you can reach out to us for more information. You'll have your specific needs for connecting to your own data and your own indicators, et cetera. If you need a data feed, we offer, well, we don't offer, we have a link here. You can click here, and that'll take you to this page, and you can give a trial of these four different data feeds here, okay? All right. So you can get your data, and then you can connect book map, both using a 14-day trial if you want, okay? You can follow us here on social media, on Twitter, at bookmap underscore pro, and then our YouTube page here as well. There's some intro videos you might want to check out, features and components, and these video snippets here, order flow video snippets. These go through the order flow that we go through in detail in the advanced webinar, okay? So let me give you that link to the advanced webinar, and then let's start to look at book map here in just a moment, okay? Great. That link isn't working at the moment. Kidding me. All right, then this is, hold on just a moment. I'm sorry about this. Okay. All right, looks like I got it now. Okay. All right, so I'm going to place this into the chat. There you go. So look there, you can click on that and you can register for the 11 o'clock advanced order flow analysis webinar that comes with the trial or if you're a subscriber, okay? So you get a taste for what that is like. Let's see, Edson, you have a question. When you open a position, does the book map show the result in progress? Yeah, absolutely. So let's do that. I'll just open a quick position here and I'll demo this for you. And let's, we'll go short here. Okay, you know, I'm just jumping in here, okay, using the one-click trading here, all right? And so here's my position. Here's where I clicked, okay, and I am short. And we'll add another one up here before in front, run this high liquidity here. So this was a market sell and then this is a limit sell up here, all right? So the, let's see, so you can see that when I clicked, this is where I clicked, right? Using this one-click trading. And this is how long my book map is recording everything with your orders, which is fantastic because you can see where I clicked and where my order is. Now if I want to move this, you can just left-click, hold and drag here to just to the left of the vertical white line. And now it's recording everything that I did here. So you note how it records, you know, that I moved it and I can see all my actions here, okay? And, or if I cancel it, etc. So if I move it back up here, you know, it's all recorded here in book map. And yeah, if you want to see it in the chart, there's a P&L end position down here, okay? And it's, this is all recorded as well, all right? So really good stuff here, it's a good question. But, you know, for example, for your trade management and also for debriefing, it's, this is great to see because this is where I entered. Here's the zero line, okay? And you can see it moved immediately against me, but just starting to inch into profit here right now, okay? And so you can see how much risk I had against me. And then you can start to, you know, play around with that, okay? It's a great debriefing tool as well to be able to use this for your trading. You can use this in replay mode as well and see exactly, you know, how you manage your position and why you took these positions. Yeah, I really like it, especially if you have like a mentor or a coach and you want to share your trades or just with other people and learn from each other, etc., or just debrief your own trading. It's all, you can do it here, okay? All right, let's see the, what else, okay? Yeah, there's some bracketed orders and some OCO orders here as well. So you can also utilize that information and let's place some OCO orders here. I'll cancel this one. Hey, I'll just use my center mouse wheel and click on it and I'll cancel that. And I can place an OCO order. Okay, so basically I'm short down here at 66, right? And let's place some targets. So I'll place my limit by order down here. Okay, now this is going to be an OCO, so order cancels order. And then up here, I'm going to have my sell stop, okay? Or I'm going to buy stop. So I'm going to hold down shift and I'm going to left click. And then you can see the distinction in the line types here, okay? So this is my stop up here and this is my limit take profit down here, okay? All right, and you can, yeah, I move those around and let's see. I'll just, well, let's see if we get some price moving. I'll try to get stopped out here. There we go, okay? So I just got stopped out up here and you can see that it, as soon as I got stopped out up here, it's moving my direction. The other order over here canceled, okay? In fact, I can look at all of that trade data as well if I show all of my orders here, okay? And so this is a great debriefing tool, okay? So this is where I originally placed my market buy, I clicked here, or market sell. And I got filled here and then I placed another one up here and you can see my actions. And then I placed my OCOs up here, then I moved it down and it got filled and it canceled the other one here, all right? Okay, you want to look at some iceberg orders? Absolutely, okay? So let's turn on the indicators and there's some icebergs down here, 26, 26 contracts. See, that would have given me some good insight if I had that on. But you can see that they're absorbing in these areas right here, 20, 23, 26, so 71, okay? 15, this is all on buy side. So they're absorbing here with their iceberg orders at these levels and they are positioning themselves long, all right? So yeah, based on that, based on the movement up here and a nice little breakout here to the upside here, I'm actually, I'm glad you brought up the icebergs because based on what we see here in the chart, I'm looking for an extension to the upside, okay? We just broke above the little swing here, so we may get a little pullback to right around here where we are right now, okay? And let's see those buyers step in here, okay? Okay, let's turn our CVD back on, all right? Okay, anyway, I'll get to your any more questions about the iceberg orders here in a minute, but let me go through the basics because we do have some new traders in here and I just want to show you what book map is displaying here, okay? So that you have a good understanding of what this, what all this is here because it's a pretty unique software platform that visualizes all of this data in a really nice, insightful way here. So what is it? What are we looking at here? I mean, you saw me moving around orders, et cetera, within this heat map and so what is the heat map? This is a recording of the limit order book, okay? So we're looking here at the limit order book, look up here at 63.75, we see very high liquidity, okay? 159 contracts, 66 contracts, 77 contracts, okay? So it's bright white up in this area here and it's being recorded, okay? Over time. So when you see these numbers change here, you'll see the change happen in the heat map and then that is recorded and then transposed onto the chart. So these areas here is the adding and pulling of liquidity, okay? Here at 72.5, this is where it gets darker, they pulled liquidity, where it gets brighter, they added it back in. That's all it is. So there's basically three components to this chart and let me hide all of the orders here so it doesn't confuse and we're going to take off the indicators for now. Edson, you can ask me later if you like, but let's just take a look here at the three components that book map is displaying. It's very simple data, it is historical best bid and offer, the volume that traded on that historical best bid and offer and then heat map that I just described, okay? Or the historical limit order book. The current limit order book is here, the historical one is here on the chart, okay? That's it, there's only three elements here being displayed, okay? So let's start off one by one and go through all of these elements, okay? And I want to show the candlestick chart here because there's a lot of obscurity here in this candlestick chart. We really, you know, we've been looking at candlestick charts for years, but it's not giving us much insight at all. There's all sorts of, right off the bat, I mean, you know, this is a five minute period, open high, low close of a five minute period, okay? But there's all sorts of little microstructural areas within here that we want insight to, okay? And we're not seeing it because it's aggregated within five minutes. So all of this data here is aggregated and we lose all sorts of details, okay? Another one is the volume, okay? Where the volume trade? This is really, really important to understand where the larger players are positioning themselves or the large transactions are taking place when and where and also in relation to that microstructure, okay? So let's turn on the Vespid and Offer and now we're starting to see the microstructure, okay? It's a really simple thing, but it's really insightful, all right? So for example, looking at this little area up here, you can see this candle here, we broke to the high, right? And a nice little flurry of activity we're going to see up here, but then it broke really hard, okay? So you're going to see a lot of selling here, all right? And we return back to where we broke from right here, all right? And we just returned again there just a couple of minutes ago, all right? And then we actually, I was looking for, based on those icebergs, I was looking for a continuation. We still may get it here, but we're back down into the range here at the moment, all right? Anyway, this microstructure here, we don't see in the candle, all right? So that's what Bookmap can help you with, is to understand the details here, but then let's turn on the volume and we'll really get a feel for what's going on, okay? Here's that aggressive selling, driving that price lower, here's that flurry of activity up here, and then you can see the retest up here, all right? Right back to where we broke from here, and it does not extend further and basically we rotate back down into the range here, all right? Okay, let's see. So that's the traded volume here with the dots. Let me show you exactly what comprises these dots, if I zoom in. And so this is that, you know, really, really simple data. Simple best bid and offer, offer is red, the bid is green, and these dots here are the volume that transacted on the best bid or offer, okay? So what we're displaying here in terms of volume is the aggressor, okay? So a dot here that is red is an aggressive market sell order, someone hit the market sell button. They took liquidity off of the best bid, okay? They paid up the spread here, and they took liquidity who was providing it on the bid here, and the transaction is recorded here in book map. Now I'm going to zoom into this little dot here, and I'm going to show you that the details of that transaction wasn't one transaction, it was actually several, okay? So we're down at microsecond level here, and we can continue on to nanosecond level, okay? We don't need to look at billions of seconds, but what we need to understand here is how book map is displaying every single event in the market that took place. And as I zoom out now, note that we are just going to graphically and visually consolidate all of that trade action into a bigger dot, okay? And I'll continue on, and it'll be a bigger dot yet, okay? So if I continue to zoom out, and finally, you can see that this is a dot here. So many transactions took place down here that the dot shows a pie display, that there's some buying, but mostly selling down here, okay? So that's what the pie display shows, if you want the exact numbers, you can hover over using this data tip tool, and it gives you the date, the time, what was on the bid here, and then the volume that traded, okay? And if you want the details, you can get that too, just zoom in, break apart all that trading activity, okay? And then you can hover over each transaction or each dot here, okay? So this looks like it was one trade for Volume 16, all right? Okay, so that's the volume, and then finally, let's get to the heat map here, okay? Let's zoom out, okay, and we can take the candlestick chart off, all right? So that's all we're showing, there's two elements here, the traded volume, exactly where, when, and how much, and what type, and even on a footprint chart, if you guys are accessing a footprint chart, you're not going to see the details here that you can see in book map. The reason being is that footprint chart, although, you know, I really like footprint charts, they don't give you the microstructure, though. It's still aggregated within a bar. So some of this price action and, you know, structure is going back and forth, where you're just going to see it aggregate within one big bar, and you're not going to get a real good feel for exactly how price is behaving within the microstructure. Understanding the microstructure leads to understanding the bigger move in the macro structure, all right? Okay, let's see a couple of questions here. Well, let me just go through the heat map quickly, and then we'll, I'll get to your questions, Edson, okay? So the heat map now, let's turn that on, okay? And I'm going to turn the indicators on, too, okay? So we've got the volume and we've got the historical best bid and offer. Now we have the historical auction, okay? So the current auction is over here, the current order book, all right? The COB column, this is your dome in book map. Best bid and offer here, this is my liquidity here on the offer, my liquidity here on the bid, and it's the same in this window here, okay? This is the best bid and offer in the last traded volume. And then note the heat map here is the reflection, a graphical reflection of the numeric values here in the limit order book. So when these numbers change, the heat map changes. And then that's recorded and transposed on to the chart. What this allows you to do is not only access the current order book, but the historical one, too. So as I zoom out, I get an understanding of where the buyers and sellers are and how they behaved in these areas, okay? So that's the third element that we're showing here on the chart, and that's basically it, okay? And we can adjust that heat map to look at just larger size liquidity and simplify it if that helps you as a trader. All right, Edson, your question's here. The heat map takes into account quantities of the book of offers and proportional AS&P supply and demand. Okay, the way the heat map works is calculating it, based on the zoom here. So within this range and the current book as well, right? Now, if someone jumps in here, let's say 3,000 contracts, okay? That'll be bright white. Everything else is gonna be in relationship to those 3,000 contracts. Well, let's say 300 for the NASDAQ. And that's the way that it works. So this is all historical. You can't change it, but the heat map will change if you zoom in and out of those areas, okay? So it's in reference to starting at the top and then working its way down, all right? Does that answer your question, Edson? Okay, all right, well, let's wrap it up. You guys have the link to the advanced order flow webinar. That starts in just a minute here. So let me give it to you again if you arrived a little bit later. There you go, 41 out of 5,000, okay? Not sure what you mean there, Edson, but anyway, yeah. Let me know, you can always follow up with me, bruceatbookmap.com. If you want to further this conversation, or you can also ask in the next webinar, okay? All right, we'll see you there.