 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risks, disclaimer trading equities futures and crypto currencies involves substantial 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's a free trial comes with education There's an educational course that we walk you through. That's a four-part series And then that is all backed up and supported within the live advanced order flow webinars every day They occur at 11 Eastern so in about 28 minutes or so Okay, there are other resources as well and then you can reach out to us at support at bookmap if you have any questions Okay, let's go through the website quickly for those of you who are new here Okay, some intro videos as we scroll down at bookmap.com Information about the platform. Ah, so next week. This is usually the the link That you can sign up for the webinars There will be no webinars next week due to the holidays It's just a market action is slow There's really no Nothing really good to cover We want to see the insight in the order flow So we'll hold off next week and and then in the new year. We'll begin again. All right, so Let's scroll down here The book map for equities, okay, you can access all us equities in book map now There's a really nice data feed with dev experts You can read about the advantages here Okay, and then other ways to connect. Okay, this is How you can connect book map to the live markets now? We are a software trading platform So is Ninja Trader so is TTX trader pro and so is interactive brokers traders workstation We connect via the API of these three platforms. However, we are a platform just as they are So you can connect book map directly With CQG data rhythmic data gain capital IQ feed and transact as well as the dev experts for You know the NASDAQ total view in all us equities Okay, and soon we're gonna have cryptocurrencies. Okay, so that's what the new release. It's coming out in mid January, we're really excited about it and I can show you some of the cryptocurrencies today Okay, here's that 14-day trial period under a free trial here There's basic advanced and quant versions Truly, there's only one version of book map. It's $49 per month build a quarterly 14-day trial period you get The advanced is the same as basic. It just includes Add-on features. Okay, the one-click trading right from the book map chart As well as a host of other proprietary indicators. We have put together Okay, these indicators are exclusive looking directly at order flow and not only order flow, but also Starting to decipher The players at these specific price levels. That's what the large lot tracker does and that's what the iceberg detector does Okay, I mean there's basically Those that are using the iceberg orders or hidden orders are larger players Because they have a lots of liquidity and they don't want to show That in the limit order book. Okay. Well, we have an indicator that will detect When larger players are using these orders to disguise their position But we can we can understand and gain insight insight to it Okay, there are also some imbalance indicators here so For the order book as well as for the volume and a correlation tracker All right, if you're new to book map you can reach out And if you're if you need a data feed you can click here All right, and get a free trial of data This will Dovetail nicely with a free trial of book map for 14 days That's if you're new to these markets and and don't have a broker or data feed right now Okay, if you can't decide which one's right for you which book map version you can click here and see a complete list Quants just click here and reach out to us. We know that you'll have your specific needs and we work with several quants To meet their specific needs connecting their own data their own indicators, etc. Okay Let's see partners and support. Okay, that's that's the website the social media. Okay, you can follow us here on Twitter at under under book map underscore pro Get the latest information What's going on in book map? You can see a few here Couple of gif images and you can see the the markets here This is a really good example of The ignition algo okay, so Anyway, we can go over ignition algos if you have any questions happy to do it Usually this is more geared for the advanced webinar That this is just very very clear example here. It's a spoofing type of activity but Anyway, it's very easily visualized in book map Let's jump over to the YouTube channel. You can subscribe to our YouTube channel and There are many videos here Maybe start with this playlist you can click on the playlist sub our title here and there are They're not too many Intro videos that to watch There are several features and components videos to understand what book map is how to use these features I and then the video snippets now this this content here goes over The order flow phenomena. Okay, so this is really where the learning takes place Start to understand what you're looking at in book map and how it can aid in your trading Okay, because we can clearly visualize a lot of the phenomena here in these markets Identify them and then you you'll start to see advantages to understanding these contact these Concepts and then being able to wrap strategies around them. Okay All right Let's see today's Friday. I'll give you guys the link to the Advanced order flow webinar Okay, just a minute here I'll give you that because Just to give if you want to peek into what we go through in those in those webinars So there you go. It's in the chat box there. So click on that and then you can register and Have access to the advanced order flow webinars now Please note the those webinars Are geared for those who want more insight in understanding the order flow. Okay, it's for current customers I will not answer a lot of if it's slow. I'll answer some of the questions on the platform But it's much more involved into understanding market moves and order flow alright Okay, so let's let's jump into these markets and Take a look here. Okay looking at the NASDAQ just some sideways action here You know so based on that I'm gonna jump into and we're gonna look at Bitcoin right because this is gonna be part of the new Version 7 release and this is this is version 7 right here. This is what you're looking at and All right, I haven't I haven't done a demo on this one yet So let's let's do it. Let's take a look here. All right, so what are we looking at here? In the bookmap chart in the crypto currencies All right, it's looks like a pretty odd chart. There's all sorts of different things going on here It looks very noisy. It's actually not it's really really simple stuff. Okay. There's only three elements on this chart historical best bid and offer The volume dots here that the volume that traded on that historical best bid and offer and Then you see this heat map here. Okay. Now. This is the new colored heat map in version 7 It's not available at this moment, but it will be shortly. Okay in another Three weeks or so Okay, so the heat map what is it showing you well? I'll get into that in just a minute But let's start stripping off this data here and let's just put on a candlestick chart And I'm going to go through here and show you that just the concept of a candlestick chart is actually more complex than What book map is showing you hey because Book map is actually just showing you a very very. It's not an indicator. It's There is no in the I mean we do have indicators and add-ons We do have an indicator sub-panel for cumulative volume delta Okay, so we do have indicators But we are very very what we're what we're presenting here is a very clear and objective view of the marketplace Okay, this is the most objective view. I've ever seen of that Marketplace so let's take a look at a five-minute candlestick chart here and we'll just simplify it Okay. Now. Why is a candlestick chart? I mean this looks much simpler, right? Why is this more complex who've got the VWAP indicator as well, so let's take those off the Okay, the reason that this is more complex is because this is a Derivative of price time and volume Okay, just like an indicator and why is that it's because this is all aggregated data Okay, it's a five-minute period of open high low and close and that's it. There's only four data points within one of these bars and We don't have any sort of insight or transparency into What occurred within that five-minute period and we have no insight to where the volume traded within that five-minute period Okay, so That's that's a problem here. It was lacking a lot of transparency So just simply by put placing here historical best-bidden offer onto the chart We can solve the issue here of not showing an aggregate view Okay, now we just have the market. It's just the historical best-bidden offer and seeing exactly what occurred here Okay, if I zoom in here, let's zoom into this breakout here above we can see it's pretty significant. So If I zoom in here what we're looking at here is the historical best-bidden offer Okay, best offer is the red line. Okay, best bid is the green line. That's it all right so the However, and that's that's really important and why is that well look at this little Consolidation range here. Look at the candlestick Okay, just looks like price went straight up. Well, it didn't okay It it actually went up for a bit. It went sideways and then it went and then it continued on up Okay, it broke out of this range rather quickly and we're gonna see a lot of aggressive buying pulling the market up through these areas here okay, and Look at where and this is a strategy that we go through Look at this horizontal line here Okay, this is a great example This is why that these microstructures matter okay, and this is why the candlesticks are giving you false representation of the price action Here we have a microstructure here We broke it here we came back and retested the top of that structure once and twice actually, you know three and four times if you really You know want to I mean precisely twice, but basically four times Okay, and we didn't find enough sellers to drive this lower. So we're gonna find selling exhaustion here most likely And and then we're probably gonna see you know a little bit of back and forth and volume here But we're gonna see up in this area here. We're gonna see more aggressive buying Which led to the price discovery to the upside. Okay, so I don't know that though I'm just kind of guessing here All right, so let's put on the volume dots And let's take a look. Okay, so really what occurred here now now we have historical best bid and offer and the volume that traded on it and this is giving us a lot of insight to This kind of price movement here All right, so what me actually scale this a little bit And Yeah, let me just don't want to I want to arrange these dots here just a bit. All right, so Here you can see them sweeping the book higher All this aggressive buying taking place and then we just see this consolidation range and then again here They swept the book now that here's where the significant volume actually traded Okay, so here is it like this kind of back and forth area and then Significant new buying lifting the market lifting the offer higher and And here's our little retest here. Okay, actually a little bit of volume here. I'm a little surprised to see it This is a good example of the exhaustion. I was looking for We see that there's no seller sellers down here with the the the best bid tested down here But it didn't find anyone willing to sell at that area Okay, so it rotates back up to find Liquidity it's looking for liquidity and it found some sellers down here, but they got pretty pretty trapped here and You know, we see the breakdown here. This is a read this Some nice action here some back and forth here very very quickly in Bitcoin. We moved back down. We rejected here Okay, traded right back up into the range Okay, this is a pattern. We look for all the time in the advanced order flow webinars Understanding this rejection and then waiting for buyers to see if they take control and they did And and they definitely took control in this area at the point of control Which is going to be the most traded volume for this range Okay, this is just auction market theory that I'm covering, but we're visualizing it here in book map And then you see the continuation to the upside Okay, so Very indicative of a trend. Here's our clusters of more buying at higher highs and look at the selling at these little areas here there's very little Okay, it is trending and If we zoom out now a little bit and we put all of this kind of together We're starting to understand now Really what occurred in this market? Okay, these candlesticks aren't really giving us insight here There's all sorts of things that happened here that we have no clue about And offering more transparency like this is going to give you that insight to make more informed trading decisions Okay, just one more thing. Let me just zoom into this little low here And I just want to show you the volume dots And really what's occurring here. So these just the two elements that I'm going over Historical best bid and offer. Okay, the best offer is the red line the green line is the best bid and these dots here The this is trend. These are transactions on best bid and offer Green dot is a market buy aggressive market buy. It's aggressive because it crosses the spread They paid up for it and they didn't provide liquidity. They actually took liquidity. Okay, that's why it's aggressive They wanted in no matter what and they and they just hit market buy And then the same for sell they hit the market sell button and they took liquidity off of the best bid Okay, now all of that's great But there's one more element here. That's important and let's take off the candlesticks Okay And what is that element? Well, it's outside of the transactions Hey, it's the auction. Hey, where were they bidding an offering? Okay, well That is usually how what we How we usually access that data? Is in the dome? Okay, the The dome is here in book map. Okay, the current order book and This is The depth of market. Okay, we can understand where the majority of these traders are lining up to bid and offer Okay, now it looks a little odd here. Maybe in The current this cryptocurrency, but look at the all of these people here on the on the offer All of these contracts here. Okay at 13600 Okay, there's a lot of a lot of traders up here wanting to sell at this level. Okay, and you can see How the buyers are nibbling away at them trying to trade through this area Okay, and they may win this battle. Okay. Now the problem with this dome here is we just don't know like look at how quickly these numbers change Right, you'd have to remember these areas and really what occurred How much the Cody was there? What about on the other side on the bid? What were they front running some of these areas or were they? You know chasing We want to understand the auction and the intent of these traders at these levels All right, and that would be rather difficult you'd have to memorize these areas and the behavior here This is where book map solves that issue because we record that behavior okay, so areas of high liquidity are painted in this window here in the heat map and We can we can now see the Areas of high liquidity are are orange here All right, and let's just zoom vertically a little bit Okay, other areas are down here of liquidity. Okay on the bid you can see that changing and fluctuating right now 13300 okay 400 so what Where this gets really insightful and helps us is that this data in this window here this graphical representation of This liquidity in the limit order book here is recorded to the left of this vertical white line Okay, so we can see exactly what the historical auction look like here And that's a that's really insightful because look look how we just traded up into these this area here and The they stayed in that book. They did not trade through this high level of liquidity Here at 13600 they tried this was completely absorbed up here and Not enough buyers Okay, so we rotate lower here and the sellers take control at this area here at 13500 and We're not we're now below it Okay, doesn't mean that the buyers might mount another attack here on this the high liquidity up here It's you know, we're still trending up. Okay, we made an equal high or slightly higher high here so we're still in a trend But then we can see that these did these players up here Did they have intent to trade and the the answer is yes, absolutely no question about it. They stayed in the book Okay Now we can understand why this this little sell-off took place here All right, that would be rather difficult to read if you didn't have this depth of market and historical depth of market Okay, so that's how book map can help you And if you're up at a level of your interest in trading now you now have insight to the intent of traders Selling up here with their limit orders Okay All right. Well Just interesting stuff. I'm just fascinated by this look look at all this absorption on the way down here and Very indicative of a trend in a downward trending market. You'll see these areas of absorption They're trading into them and through them And then finally we get down here Last bit of absorption you can see and then buyers turn around and just hit the or lift the offer really quickly Okay, and that nice clusters of volume up here in these areas Just great stuff to see it. So, you know, I love looking at the some of these thinner markets and equities especially and Just the insight now. I'm really digging the way that book map is visualizing the Liquidity here in the crypto currencies as well a lot of insight here It's just really just just really really good examples of things. Okay, so for example, let's just take a look here And I covered this in the advanced order flow webinar. Okay note this price action here Okay, this is here's your best off best bid the green line best offer red This is a sweep of the book. Okay, this is what we go through in the educational course In detail understanding just basic market mechanics, but they're so insightful It's usually how we move to a new trading level Is with a really aggressive and abrupt sweep of the book Okay sellers came in and they took liquidity at every single price level all the way down to this price here of 13344 Okay, and here's the offer at this time. Okay, and the offer stayed here as the book swept. So this is the spread okay, just beautiful visualization understanding really the basics and These markets and really how they operate and then someone someone did you know the The offer did get lower here and then the buyers started to step in here. You can see a little bit. All right So let's let's wrap it up. You guys have the link here to the next webinar I'll paste it in again if you came in late so there you go and Let's we'll stop this webinar and we'll jump over to the next one. Okay. Thanks guys