 Okay, so this is the Bookmap Platform Details webinar. Risk disclaimer, trading equities and futures involve substantial risk of loss, and it's not suitable for all investors. Past performance is not indicative of future results. If you are new here to Bookmap, go to bookmap.com and you can download Bookmap for a free trial for 14 days and see if you like it. You're here in this webinar now. I can answer your questions here and I go through any of the features and components, and then we will also take a look at the order flow, just a bit, because this webinar is much more about understanding what Bookmap is showing you and what some of the features are, how to use the actual software. The next webinar that we have in about a half hour, that is very specifically about the order flow and understanding, looking for opportunities in the order flow based on what we very objectively see here in the visualization in Bookmap. So first steps, first understand what it is you're looking at here in Bookmap and then get comfortable with the features and the components of the software. And then secondly, start applying it to the order flow. Now to get to that second step, you will need to be in trial or be a current customer. That's to support those who are beyond just the platform details. All right guys, so let's take a look here. This is where you can find Bookmap. Let's go to the home page up here. Click on the explore. There's a few intro videos here, they're very short. Might wanna start with those to see what you're looking at in Bookmap. And then let's go down to connectivity. You will need a data provider. Bookmap is a true platform just like any other platform out there like TradeStation or NinjaTrader. It's, you can directly connect your data provider or broker or account to Bookmap, okay? And if you have the advanced Bookmap version you can actually trade from Bookmap which is a nice advantage. So these are the methods for connecting. Let me know if you have any questions here. We also, you can see we have NinjaTrader here and trading technologies as well as interactive brokers. These all, the connections between all of these three are through the API with the platforms. So there's a little bit of a combination. Sometimes we can go through the platforms, API like NinjaTrader, or you can just connect directly to your data feed like IQ feed, CQG, Rhythmic, et cetera, right? Okay, let's go down a little bit further. Here's the pricing information. There are two versions of Bookmap, basic and advanced. 49 per month and 99 per month are billed quarterly. The difference between the two, I mentioned here already, the ability to trade right from the Bookmap chart and that's a nice advantage I can get into that and explain why because we show the heat map. You see the liquidity in front of you so you can hide your orders behind large liquidity for your stops for example, or if you want a front run some of that large liquidity for entry, okay? So that's a really nice advantage. It's right there in the chart so take advantage of it if you are subscribed to that advanced version. The other aspects here, differences are the add-on indicators, okay? Now these add-on indicators are a little different than your traditional indicators, okay? These are much more geared about the order flow, okay? So ask any questions here, happy to answer. You can see there's a couple other versions here now. It's just the basic and advanced here but it's packaged with DX feed, okay? Now DX feed is something unique. We've partnered with dev experts and it is for US equities only. It is not for futures, okay? So you will only use that for US equities now. We offer multiple connectivity. So you can be connected to DX feed for your US equities as well as your data feed for the futures, okay? And this is just a package deal between the two. If you have the basic or advanced you can still get DX feed. I just need to subscribe to it as an add-on. Okay, then once you do log in you'll come into the Bookmap portal. You can find the link here and this will allow you to access a lot of the education features and support here. If you wanna follow us on Twitter, okay? It's at bookmap underscore pro. All sorts of good stuff, retweets from other professional traders and just up-to-date information about Bookmap. Then you can also follow us here or subscribe to our YouTube channel. Let me just go through basically the YouTube channel. Features and components would be your first step. Just get an overview of what Bookmap is and just go through a few of these. Go through as many as you like but this is the beginning here to understand what the features and components are and then next step would probably be watch some of these order flow video snippets. These videos here cover the phenomena that Bookmap uncovers in the order flow. And this is much more like the content we go over during the trial period or the current customers. We're looking at the order flow. So start with a few of these maybe. Get an idea of what Bookmap is showing you and how to use it, okay? And then there's some selected webinars here. So all the webinars are recorded but there's just some selections here if you just want an overview of what the advanced are for example, you can watch a few of these and get a feel for it. And then we have Features Trader 71 down here is professional traders and using a Bookmap for quite a while now and you can watch some of these videos to see how he uses it. Okay, well let's jump into Bookmap and take a look here. And like I said, I see some new faces in here just reaching out welcome. I've reached out to a few of you already via email. This is the time to answer any of your questions. Go through anything basically regarding the features functionality, whatever it is. Just let me know, happy to help you here. Okay, let's see, let's start off here and we'll just look at the ES. We looked at the ES yesterday and had some good insight especially on the order flow, advanced order flow webinar at 11 Eastern. We remain bullish and we saw the move to the upside. What's going on today? All right, well, let's take a look here and you can see the 930 open nice move to the upside still bullish. We've actually come down and tested the low here but we rejected and came right back into the range so far. Now it is downtrending in this downtrend here this is kind of like a big sideways. Well, I don't know, it looks like a bull flag but it's also still downtrending here so we need to see them step up in the limit order book. We wanna see some support here. Anyway, I'm getting a little ahead of myself here. Let's start off. What are we looking at here in book map and how can you relate to what it's displaying here and then we'll get into how to read it. So I'm gonna do that by starting with a very simple candlestick chart. We're gonna turn off everything else here, the volume, the indicators and the heat map. Here's a five minute candlestick chart. Now, we can see the move to the upside here and we can see this kind of nibbling away on the downside and just breach the low here or test the low and then right back into the middle of the range. Now, the candlestick chart, we've been all reading candlestick charts for quite a while and we can start to understand the pressure in the market here just by the wicks and the body but it's really giving you only four data points. Open, high, low and close of a five minute period. There is a lot of data that is missing here and that kind of data is critical to making excellent financial trading decisions. So for example, where are the traders? Where's the volume? Where did they commit? We have no idea here. We have a volume sub chart. We know that there's volume on this candle here and we can see a little bit of volume over in this area here but that's about it. There's really not much else to gather from looking at this. So let's say you go long here. Well, it's kind of a pot shot. You don't know and you're making financial trading decisions on limited data and that's the problem here. So we're just gonna switch on the best bid and offer and we're already gonna see an advantage here and we can start to understand some of the microstructures just by looking at historical best bid and offer. The green line is the historical best bid and the red is the best offer. This is the current market here as you can see with the dashed lines and this is the last traded volume here. I'll get into that in just a minute. Why is this an advantage? Well, now we can start to understand a little bit of the microstructure of what occurred here. So for example, look at the microstructure up here. We saw the initial move to the upside. Little bit of sideways action, breakdown, come right back up and test that microstructure and that's where we didn't accept. That's where we sold off. We're gonna see this in the order flow and book map and you're gonna see an advantage here. So we'll cover it as I continue to add more information on. So let's take a look at the volume. I'm gonna turn on the volume dots and here we go and I can already see the selling down here and here. So we're gonna go over the order flow here, the tape, reading the tape here. So what are these dots showing me? You can see the pie display of the dot with green and red. It gives you the overall shape of the delta of the volume. So that one dot here, for example, this one, shows that there's more selling than buying here. Now let me click on the hand tool, hover over this dot and we're gonna zoom in very quickly without using the zoom in and zoom out tools here. We're just gonna use our center mouse wheel and zoom right in. Note how that dot now, that was pretty big in size which represented lots of trades is now being broken up into several dots. So and I continue to zoom in here and here's what really occurred at down at millisecond level. Look at the trading activity here. So quite a lot of action. I can see in my column, my data columns over here, there's 291 contracts that traded here within less than a second. So I'm sorry, let's see here, 4307. Yeah, 4307. So you can see how quickly and the size is going through here in the S&P, it's a pretty amazing instrument but we can continue to zoom in here as well. And we can actually, we have unlimited zoom in book map. You can continue to zoom in and look at the timeline now. We're down looking at billions of seconds. We're down at nanosecond level. Now, and this is one event here that took place as you can see within this chart range for a volume of three. I know that precise data and that's what book map is showing you is very objectively showing you the data and then how to read that data is really up to you but that's what we cover in the learning process of the order flow in the next webinar. So anyway, let's zoom out now and you can see these are aggressive cells here. Someone hit the market sell button, they took liquidity off of the best bid and the transaction took place. And it's marked here with the dot. Okay, an aggressive buy would be a green dot here on the best offer and we'll see some of those here, right? Okay, as I zoom out, note now, we're still down at millisecond level and you can see just, you know, these are hundreds of trades. Let's zoom out a little bit more and a bit more and now I have the overall shape of what occurred here within the five second period between these two vertical dotted lines. Okay, so we have every single event that took place if you wanna see that detail. As I zoom out, we still capture that detail but display it in an overall kind of aggregated view but the detail is still there. So you can still take a look and let's continue to zoom out and then this is what really occurred, okay? Now we have a much better understanding of what took place here, okay? So this is just the traded volume, right? And the nice cluster of volume up here hovered for a while looking for maybe, you know, continuation to the upside but look how these guys, these buyers up in these areas here. Are now trapped because look at the selling that took place and this is what's lacking in that candlestick chart. We see this nice little microstructural range here. You don't see it in the candlestick and then you can see right here is where we had the flip, okay? Right here is where the sellers took control and they broke down below the swing here. We see a retest, where do we retest to? Right to basically kind of a POC or point of control, a high volume node of this area here, okay? And it failed and it continued to the downside, okay? All of that is lacking here in that candlestick chart, okay? That's the kind of insight that you're getting here just by looking at the traded volume in book map. Now, for those of you guys who are trading from footprint charts, looking at volume profiles as well, you're gonna miss a lot of this action here. For example, these two little retests in this area here, you're probably gonna see it aggregated on your footprint chart, okay? With book map though, you're getting the retest and you're getting two retests of that area here, okay? So you're getting much more insight because we have that unlimited zoom. You can continue to zoom in here and see all the detail, all right? So that's the advantage that you get over a footprint chart by looking at book map. Okay, now that's just the traded data. Let's take a look here at the current market, okay? And now when we go to the current market, we start to access the dome. We wanna understand where the liquidity is in the market, okay? And this is your dome here in book map, okay? This is the COB column, the current order book, all right? And you can see the liquidity at these price levels, okay? So here's your best bid and offer here, okay? Here's your depth on the offer and your depth on the bid. And this is the lit book, okay? This is the current book right now in the S&P, okay? This window here is the same current book. It's just displayed graphically, okay? And this is the last traded volume. Now, what's great about the dome is you can see the liquidity, okay? You see the depth of market, okay? And this is insightful because you wanna know where larger traders are lined up and if they mean business, they wanna trade here, well, then we're gonna be heading up to 2490 to test that area because there's almost 1700 contracts up here, all right? And that's good. However, the problem here with this dome is it's fleeting. As soon as these numbers change and they're changing, you can see them changing now. They're changing all the time. So what was the liquidity previously? You'd have to remember it. You don't know, that has now been updated and you have no record of what previously occurred, okay? And that's a problem because you don't have that advantage of understanding what really unfolded in the auction, right? It's the action that took place outside of the traded volume here and that's what we're gonna access here, okay? So I'm gonna turn on the heat map, okay? This is how we display that historical depth of market, okay? So this is your dome, that's a historical. And let me explain here, all right? So for example, this 2490, 1572 contracts here, okay? This is the brightest area right now in the book, okay? This, the heat map is a graphical representation of the liquidity in the book. So brighter areas are more liquidity, okay? Here they are on the bid at 87 and a quarter. And these are the two highest areas in the book at the moment. Now, you can adjust for that with the heat map, contrast configurations here. We can bring up the brightness, we can bring down the large size. I mean, you can see that we can really look at a lot of detail. It's up to you. What view helps you the most? And your trading methods, okay? For me, I just like to kind of see an overview. I like to see some of the liquidity here that is a little bit lower, but I wanna see where the majority of the larger players are, okay? Where they're providing liquidity. And you can see we're channeling between those two areas right now, okay? So in the live book, when these numbers change here, you'll see the heat map change, okay? Now where it gets interesting is to the left of this vertical white line here. All of this data is captured and then projected onto the chart, okay? Historically. So now we can read how this auction unfolded. Look how these guys up here, they pulled their liquidity last moment here on the offer, okay? These striations in the, let me zoom in just a little bit. These striations in the map, for example, let's just look at this one here, okay? This is the adding and pulling of liquidity, okay? So in fact, we can use the data tip tool. We can hover over these areas and I can show you exactly what was here on the ask. You get the date, the time, and then what was on the ask at this price level, okay? So this shade of gray represented at this time, 1269 contracts, okay? And then it got darker. So they actually pulled 20, okay? And that's what that represents here, okay? And it went down to 1249, okay, 1250, okay? So where this gets interesting is starting to ascertain the intent of these traders in the auction. So these guys up here, they didn't really want to trade because they pulled their liquidity as price came up toward them, all right? And you can see that we came up into this area and then fell back down and then they jumped back in, right? So they really didn't want to trade and now they're just holding their place in line here at this price level because they may make their decision to trade later but they want to be the first in line. It's a FIFO market, first in, first out, okay? Now let's read the behavior here and you can see that actually they got pretty aggressive here. As price started to move away, they actually lowered their offer down to this 2490 level, a couple of ticks and then they're even one tick lower than that right now, okay? So still we need to, when price comes up toward them is what we really want to measure but we can see that they're getting a little more aggressive, right? And this is bearish, okay? So the intent in the auction is showing bearish activity. That's some nice insight here, okay? That would be rather challenging to get from the dome, right? So that's how Bookmap can help you understand what's going on here in the auction and look at these guys down here at 87 and a quarter. They're staying in the book. It's the same number basically, we're looking at 1300 contracts and something. Now we're up at 14, so actually adding in a little bit here. So they're starting to get interested, okay? Now we need to see what occurs when we come down into this area, okay? And to me, it actually looks like, well, just reading a little bit of the order flow. Let me take the candlesticks off for a moment here and let's just jump in and start to read some of the order flow like we do in the advanced analysis webinar, all right? So we're channeling between these two high areas of liquidity. They are getting more aggressive. We've read that in the intent and these guys down here, they're staying right in the book, okay? And actually they're adding into it, okay? But what about the other areas around it, okay? They're not raising the bid, they're not getting more aggressive, they're just staying here, okay? So when we see activity like that, this is like a target, okay? The market's attracted to this area. It's understood, it's digested this information. It knows that there are buyers here in the auction. Now, if we see some more aggressive traders jump in here and start to front run this 87 and a quarter or 87 and a half or 88, that's gonna skew the auction, okay? Let's not get technical about this, just think of it like a farmer's market or like an auction for an automobile. And think of buyers and sellers. This is where the market is being made, okay? The majority of it is down here at 87 and a quarter, all right? Market knows it can trade there. It's already digested that, okay? No, it can find sellers up here at 2490. And but without analogy, think of what if there were other, you know, buyers that got a little impatient down here and they started to bid up, okay? And with large size, what would that mean in an auction? You would mean there's interest and they might start to bid up the price and price might start to react and move away from it. It will be repelled by that auction, okay? And that would be new information. And we'll see a skew here unfold and we can read it, right? But and then we might get a flip or a change in the order flow and then we have maybe, we break to a new level and we have volume and acceptance in that new level, all right? So the important thing here is that, we can read the intent of the traders, okay? And we also see the commitment of those traders with the traded volume, okay? So in fact, we were, well, we read the order flow over here and we can see the, you know, more trading taking place here kind of at a lower low. Be honest, it is rather difficult to read in this area here because it's just kind of sideways and there we actually just kind of went sideways but I also see nice cluster here, okay? Yeah, this is not the easiest to read. This is a little bit clearer here at this point. Nice volume down here. What kind of volume? Selling volume, okay? Look at the retest up here. What kind of volume up here? Well, it's very little and the aggressive buying here is tiny compared to what occurred down here. So the market can come down here again and it knows it can trade here and it has price discovery to the downside and that's what's unfolded here, okay? And now we might get a flip of that right now in fact because look what's occurring here, okay? I see more aggressive buying starting to take place up outside of this little micro range, okay? Up into above this 2489, right? And what kind of volume is it? There's a little bit more aggressive buying here, okay? That bodes well for price discovery to up into this 2490 area here, okay? So we'll see if we get a retest of that here. And then where would we be going? Well, areas of liquidity. First 2490 and these guys might step back in here at this 90 and a half, all right? So anyway, that's some of the process that we go through and once you guys have gotten familiar with the software, what it offers, understanding, right clicking in some of these columns to be able to change the different types of data that you're looking at and you can look at volume, trade counter, quotes counter. You can format each column into many different ways. Basically a very, very configurable any way that you want really for the dome and the volume and other data types, okay? There's many features as well here under studies configuration. Play around with these, ask questions, watch some of the features and components videos and then I would recommend giving it a shot, giving it a trial, it's 14 days and see if this is something that works for you, all right? All right guys, well thanks for coming and we'll see you in the next webinar if you're in trial. Okay, bye-bye.