 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading futures equities and digital Currencies involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results if you're new here welcome and Go to bookmap.com for more information on the software. There is a 14-day trial That's free comes with education. So you get the platform you get education I'll also show you where you can find data for a trial as well. So if you don't have a data feed So anyway, the education that comes along with this is the educational course And then access to the advanced order flow live analysis webinars That are in about a half hour of following this webinar So this webinar we go through just the basics understanding what book map is how it can help you what the What is really displaying and then starting to? Understand the order flow and how it gives you an advantage But the the advanced webinars we go through order flow, okay, we were not on the on the Topic of the platform details any longer. We will answer some of those questions, but in general We are looking for going over the order flow and looking at the live markets And what we cover in the educational course and then back it up in the live markets, okay? If you have any questions, you can reach out to us at support at bookmap.com Here is the website You can see that we're offering digital currencies pretty soon I believe another week or so. I will have this new version 7 that's coming out and I'm demoing it here today, or I have for a while now for about a week Okay, so the website intro video here information about book map a little bit further down Okay, I can sign up for the webinar here This is the webinar that you'd be signed up for this current webinar You can get the trial here as well Some testimonials book map for equities. Okay, we connect to us equities. I'll go over this in a minute It's a great data feed though For all sorts of reasons you can read about here And then a bit further down. Okay connectivity. All right, so Bookmap connects to Multiple markets now multiple connectivity here but the Important information is book map is a software product. Okay, we are not a data provider. We do not provide the data So a ninja trader TT X trader pro here and as well as interactive traders Or interactive brokers traders workstation. These are platforms as well Okay, we connect to the API of these platforms But you you then power your ninja or your TT With the data provider like rhythmic CQG gain IQ feed transact or dev experts here And that would be that NASDAQ total view which gives all us equities not just NASDAQ so You will need a data provider to connect book map to those live markets or through the API as mentioned with some of these platforms here So if you want a Free data feed you can find it down here just below and in this section here under the free trial. Okay, so you can click here And let's go over The product here. So what exactly do you get there's book map basic and advanced? Okay book map basics 49 per month 99 per month for advanced they're billed quarterly Get that 14-day trial period and the difference between the two are primarily Here the the add-on indicators. Okay, so the ability to trade right from the chart one-click trading the large lot tracker and volume and balance book and balance iceberg detector and correlation tracker now all of these here are proprietary indicators that we put together Okay, they're not your typical RSI or Stochastics, etc. Okay, these are very specific for understanding order flow and Specific players in the order flow like the large lot tracker. We can identify larger players in the market And that's going to give you an advantage understanding where the larger players are interested in trading iceberg detector. This is another one Larger players use iceberg orders and we can start to understand where they're getting filled and that's another advantage the Quants we work with several quants. So if you Have your specific needs click here to learn more To connect your your own specific data feeds or however You want to do it or your own proprietary indicators, etc Okay, if you want to see the comparison list, it's here and click on this And just a bit more here social media follow us on or at book map underscore pro and Then a YouTube page all sorts of videos here I'd recommend watching some of the intro videos if you're new and then features and components So you understand, you know, what book map is and in the interface And then these order flow video snippets. This is where book map and in what we go through in the Advanced webinars in the live market. Okay, so these are very concise videos though that just go through the concepts identifying it and how book map is showing it and They're really insightful just a few minutes long they give you that overview of what's going on But then, you know, come to the advanced order flow webinars for more in-depth Discussion or details on these concepts, right? Let's take a look at book map and Okay, so I have this is the book map 7.0. It's not available yet Okay, but it will be soon. Okay another week or so And what am I looking at here? So this looks like a pretty crazy chart Well, this is Bitcoin. Okay, so this is Bitcoin up here versus the dollar and It's on the G-DAX exchange. Okay, this is a great data feed here compared to the offerings that you see with instruments from the CBOE and also from the CME so for example Why do I say that? Okay, let's take a quick look here, right? So Bitcoin here. Look at the spread. It is one tick wide Okay, and we're looking at thousands of dollars here, of course with with Bitcoin, but This is one tick wide All right, and look at the liquidity at some of these levels. Okay, we have 10 coins up here And this is this is really leveraged And there's liquidity at every single level here. Okay down here. Actually, there's a couple of No liquidity at a few levels here But half a coin down here and a half a coin is a lot, right? So you can you can trade like just a penny on this and still find yourself in In, you know, highly leveraged making profit or loss pretty pretty quickly so that's the G DAX let's take a look at the Bitcoin here in the futures. Okay. Well, here's your liquidity One contract three contracts. High liquidity is four contracts here and Just this just not much, you know, it's just not the same thing look at the spread the spread is $50 $50 wide right now Or more than that 60 Okay, so you immediate if you hit the market buy you're gonna be already $60 down Anyway That's the difference. Let's take a look at the NASDAQ I think or maybe crude. I'm not sure Let's let's take a look at actually a candlestick chart and just get a feel for what's going on in the markets here But we just had to move down in NASDAQ So yeah, we can take a look at NASDAQ and what's going on there Okay Okay, and let me zoom out. Okay. All right, so let's go through the basics here What are we looking at here in bookmap? Okay, it looks like, you know, a very foreign chart to a lot of us Not not familiar with with what we're looking at here It's actually pretty straightforward data here, there's only three elements on this chart now Let me take off some of the add-on indicators here for a moment And then we'll go through this. Okay. There's really three elements on this chart and that's it historical best-bidden offer Right, that's it. There's no bar here. There's no aggregation of time or price or whatever It's just it's just the best-bidden offer plotted onto the chart Okay, and then you can see these dots here all of these dots. This is the volume that traded on that best-bidden offer Okay, and then the last element here is the heat map Okay, this colored heat map here that you see which is new for version 7 the heat map is Showing you a visual a graphical display of the historical depth of market Okay, so let's just cover that quickly here because we can understand the historical best-bidden offer and the volume that traded there. That's pretty straightforward But the here's our dome and book map the current order book here as you can see This is your depth of market. Okay, we're all pretty accustomed to looking at a dome You see all these traders lining up here providing liquidity and with Contracts at these levels and then here they are on the on the bid down here. And this is your market and We can see high liquidity here and in in book map What we do is we take these areas of high liquidity and paint them in the heat map so in this mark in this window here, you'll see the When these numbers change the the value changes here in the heat map okay, and What's interesting though about this is we take the data here and we record it and plot it onto the chart Historically, so now as I zoom out I Can see what what's going on in this market in that historical view Okay, I can see that they're up here on the offer at 81 and then at 82 Okay, the majority of the liquidity is up here on the sell side and then on the buy side It's down here at 74 and 75 and we are kind of channeling between that area right now Okay, so that's all it is those three elements now. Let's compare that to a candlestick chart Okay, and let me take off all of this other data here so that We just see the basics okay, and and why you're getting an advantage here looking at book map Okay, so here's a five-minute candlestick chart and we have the only other indicator that we have on here is volume okay volume in the sub chart and the Candlestick charts, you know, I don't have a problem with candlestick charts. We've all been looking at them for years You know you on higher time frames, you know, you can start to read, you know, some of the buying pressure selling pressure, etc, but You know, you really don't have a transparency into what's going on Within this aggregated period that's the problem. It's aggregated It's open high low and close of a bar of a time period or a volume period or whatever the period is It's still aggregated. Okay, if you're even looking at ranko charts or range bars still aggregated We don't have any kind of clue about Microstructural areas in here and those are significant Okay, we want to understand that microstructure because that's where these moves begin and then we want to understand how the volume is Relating in that microstructure. Okay, so let's just turn on the microstructure to begin with and that's very easily done here By just showing best bid and offer Okay, so here we are We can see what what occurred up in this wick here. Well, this is what occurred. Let's zoom into this area Okay We we broke out of this range here. Okay, all sorts of stuff that we cannot see in this candlestick whatsoever whatsoever, so I mean we're range bound here and we break out of the range very quickly here Okay, we come up we go above this swing over here as you can see and Start to go back and forth and create a range up outside of this bigger range okay, and This is Important to understand you can't see that range. You can't see this range whatsoever in the candlestick chart and that's a problem Okay We want to understand what's going on in this range who's taking control in these areas. Okay, so We want you can see that we come back and we retest where we broke from out of this range right here We broke from the range here. Here's our retest right here and it came back up into the range Okay, but seller price selling pressure was still in here and now we're not even looking at volume But we know that selling pressure is in here because we're coming back down and testing where we broke from here Okay, and we can see that here. Our buyer is going to step in or not well They didn't right and we're going to see sellers in this area here take control Okay, and breaking breaking down here We're going to see buyers take control over here and we're going to see big volume dots here That took place. So that's the next step here and the next element Second element here on the bookmap chart and that is to display the volume and a lot of in unique Insights with the volume Okay, so here we go looking at the volume Okay, and here are as you can see the the aggressor taking control Okay above into this area here And let's make these volume dots a little bit bigger okay, and Here we go. All right, so you can see the sideways action here and then look at them lift the offer right here Okay, it is this kind of trading here this aggressor Hey, that is a market buys taking the quiddity sweeping the book higher Okay, and then upside upside of this swing here as well, and they're still buying Hey, they're still buying pressure All right, so we don't have any insight looking at an aggregation here with that With this kind of volume detail. We have no clue Okay, so we don't know What type of volume it is okay how much exactly where it traded and The overall Delta compared to the selling okay, who's in control at these areas and we want to know that All right, so And then let's see we were looking for You know large volume here on the sell side around here actually pretty pretty good sell volume up here actually You can see the sellers to control here Okay, and then you know we get it we get a re a retest back to where we broke from here Okay, and then we see that sellers continue to come in here All right, and and we they're just now they're they're in control and they're hitting the bid hard coming back down into where Microstructure where we broke from here Okay You can see the structure as well up here Okay, this little structure from here To here and we retest to that area as well This is the kind of data that you can see And get insight and if you're bearish and you know that sellers are in control at this point All right, and then you can start to look for an entry To this to the short side up in these areas and these retest back to where they came from Okay, all sorts of trades that you can take in with this kind of strategy Anyway, that's just one of the insights and one of the strategies and ways of trading book map All right, so let's just zoom into this area because I want to show you the details of just these two simple elements that we're plotting on the chart and This the insights that you're getting from it. It's you can just see here All it is is historical best offer here is the red line best bid is the green line All right, we can see the spread we can see how the the offer is You know bumping up a tick or two or the bid is bumping down a tick or two here And you can see the spread widen a tick here a couple ticks, right? So that's all it is now. We're we see the transactions here. Okay with the volume dots so We can see that this volume here. In fact, we can use this data tip tool and we know it precisely what traded here Okay, this is for a volume of 25. You see the date the time the liquidity on the ask at this at this moment And then the volume that traded Okay, now let's continue to zoom into this area because we're probably going to see more trades than just one here might not Actually, it's just a volume of 21. Let me let me double check that And insert a column and I'm going to insert a trade counter Yeah, it was one trade for volume of 21. So pretty big trade for for Nasdaq and But you you'll note though as you start to zoom into these areas. We pull apart all of the trading activity Okay, so you can see actually that one dot here when I zoom back out Is it's kind of just visually aggregated here into a bigger trade. Okay, so it says volume of three But if I zoom in here, okay, and we're going to zoom into You know, we're at microsecond level here So we're looking at millions of seconds and you can see this was for volume of two This is for volume of one and this is the aggressive buying. Okay, someone hit the market buy button Okay, they crossed the spread they paid up for that for it with the spread and they didn't provide liquidity They took liquidity. That's what market buys and sells do and a dot is painted here on the best offer All right, the the opposite with it with a cell let's zoom out a little bit and we'll see a cell Here's your cell right here. Okay, so it's a red dot. It's an aggressive cell market cell Took liquidity off of the best bid Okay, so those are the two elements there and you can you can get tremendous insight by looking at this now Many of you maybe use a footprint chart. Okay, I Like footprint charts quite a bit myself the only out there's two aspects though the footprint chart They don't they don't provide you Well, one important aspect it doesn't provide you and that is the microstructure It's going to be on a bar And it's going to rotate on a bar and you're not going to see these details You're not going to understand that This is where we broke from and then this is an opportunity to get in here Okay, if you're bearish And if you're still bullish, well, then you would you would have probably bought this area here Okay, and and looking for continuation to the upside All right, would have been a nice trade at least you would have you could have taken Partial profit maybe around the point in control in this area here Which would have been a nice little profit for about four four full points Anyway, you get the idea and Looking at that microstructure and how the volume is reacting in that microstructure is the key Okay, and that's the advantage that you're getting right just very simple stuff and Just very objective view of the market. So let's take the candlestick chart off here And let's clear our drawings Okay, and zoom out a bit. Okay, so those are the two elements that we're seeing so far now Let's get to that third element and that's the heat map. Okay, and this is really the the heart of book map Is is this heat map and understanding? How it works here? Okay, so again From from the beginning here. Let's just look at the dome in the current market Okay, everything to the right of this vertical white line here is the current market Okay, this is your current best bid and offer here and this this number here is your last traded volume Okay, here's your price ladder. Okay, and then here's your here's your depth of market Okay, so traders lining up here at these specific price levels to be sellers providing liquidity limit orders That's on the offer and then their buyers down here. This is the market This is the auction that's currently going on and you can see these numbers are always changing That's part of the issue here is that they're changing and you have to memorize What that auction look like This is very tedious to trade from the dome in this in this way Because we have to memorize exactly what that liquidity was how long it stayed there. Were they there previously? What about the areas around it? Okay, where are they bidding up in front of it front running this high liquidity or they or they? You know Not as keen and providing liquidity behind it Okay, showing that they're they don't want to trade at these levels. They want to trade at higher levels That's a lot to understand and comprehend here Okay, and we can very easily See this by turning on the heat map Okay, so the heat map was is a graphical representation of this liquidity here and Then it's just plotted on the chart historically so we can see exactly what occurred here So look at this area here. This is high liquidity. Okay, we can use this data tip tool again 137 contracts and we came right up into this area here Okay, let's see if they traded. Let's zoom in here and really get a feel for it. Okay It looks like the majority of this traded to me like they started pulling you can see here that we have 99 contracts here And then they start to trade into it and they're these guys are staying in the book So out of these 99 contracts that you see over here. I Can look at my volume column. I can look at these dots trading into that high liquidity 99 contracts traded Okay, that's fact Okay, so this area here was absorbed. Okay, it absorbed all the buying pressure Okay, not quite all of it. We went up a tick here and traded seven so You can you can see that there But let's get rid of this column here. So seven contracts traded up here All right, and you can see though that The they're absorbing the buying pressure. Okay, and look at look at the result Okay, we get a lot of insight by understanding these larger players Lining up in these areas here and how they're behaving Okay, so was this fake liquidity? Well, we just made a distinction between that and real Real liquidity. Okay. This is not fake liquidity. They wanted to trade and they did trade. It's fact Okay And look at the buying pressure in this area here. We're not making higher highs any longer And we can see exhaustion here Let's zoom into this area And let me put it into my chart range. This is exhaustion. Okay, no contracts traded up here not one Okay, so where's that buying pressure? No, they're not in the market any longer. They're not interested They're not interested in chasing up after this 88 level with the high liquidity up here Okay, so exhaust out sellers read that okay, and they take control here All right, and they're they're they're hitting the bid now Okay, and they're charging up after some of these areas here these guys that are providing higher liquidity at This 85 level. Well, here's your fake liquidity. Okay, this is the distinction between real and fake liquidity Very very clear here. They polled Okay, we see a lot that traded down here, but They're pulling liquidity you can see all the way through these striations here in the heat map is showing Added and polled liquidity. So this dark blue area here or lighter blue is 54 contracts Then it jumped up to 60 Okay, and then it went back to 55 and then it went back to 57 so we can see the liquidity here and How they're behaving in this auction and their intent to trade as we're prices starting to come down Look at these guys here. They polled liquidity and added lower. It's probably the same player so that that is a Very interesting stuff to identify here in book map because not only are we looking at areas of liquidity? We're starting to identify specific players This guy looks like one of these players at these levels here Prold is liquidity here and added it lower at this very very moment here You can see that look at the crosshairs and look how they pulled it at this moment and added it to ticks lower And then we can see again here. Look at the behavior Okay, pulled it from this level and added it another to ticks lower Okay, that's how this algo or this actor is behaving Okay, and you can see that people start lining up now at this level and again. We can read this level Look at them starting to pull again. So they're not interested in trading here. That is fake liquidity This liquidity up here. Whoops This liquidity up here was real it traded All right. So anyway That's the basics of book map and starting to put all of these kind of pieces together of a very very objective view of the market by understanding microstructure the volume that trades within that microstructure and The liquidity and how the liquidity is behaving in the auction That's it. All right. So if you're signed up for the Next webinar, we'll see you over there If not, then we'll see you tomorrow at the same time. All right. Take care You