 Welcome to the bookmap platform details webinar. This is Bruce at bookmap 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 For more information go to bookmap.com. There is a free bookmap trial for 14 days. It comes with education Okay, you get the bookmap educational course As well as access to the live Order flow advanced Analysis webinars that start in about a half hour. Okay, there are other resources that you get as well And if you have any questions you can reach out to us at support at bookmap.com Let's take a quick look at bookmap.com and just get familiar with it here There's an intro video here as you scroll down and then just some general information about bookmap here and A bit further down there is bookmap for equities as well as for futures. So for equities You can read more about it here. It's with Nasdaq total view. It's an excellent data feed With a variety of advantages and then other ways to connect bookmap Bookmap is a true platform just like Ninja trader is or TTX trader pro or Interactive brokers trader workstation. Hey, we also connect to the API of those three platforms However, we're a platform just like they are so you can connect your CQG rhythmic gain capital IQ feed Etc all through directly into bookmap Okay a Bit further down This is where you can find the free trial It's 40. There's 49 per month and 99 per month after the 14 days if you choose to stick with bookmap The they are billed quarterly here, so you get it for three months and The difference between these two are the the add-ons. Hey the features So for example being able to click Right from the chart and trade in bookmap Which is a nice advantage because you have the liquidity heat map in front of you So you've you've got that information and you can manage your trades much more precisely We also have large lot tracker and iceberg detector that notice Or identify larger players in the market We have some in balance indicators as you can see here And then we also have a correlation Tracker that shows you different markets and how they're correlated Okay, once you guys can reach out to us here You'll have your own needs and we work with many so Just let us know your needs and and we can help get you Exactly what you're looking for Now if you're new to bookmap or new to futures as well, and you don't even have a data feed yet You can click here. There is a few different Data providers that offer a free trial as well. So you can get a 14-day trial of free data And then and then try bookmap at the same moment. Okay, so a 14-day trial of bookmap and if you aren't sure which Version you are interested in here basic or advanced or quant you can click here for the complete list and comparison All right, some of our partners and contact information down here as well Okay Let's see here Social media if you want to follow us on Twitter at bookmap underscore pro and get the most up-to-date information and you could also subscribe to our YouTube page and There's some playlists here on the front page Intro videos if you're new here, so just get familiar with what bookmap is Features and components get more into the user interface and all the different features and how to use them And then the order flow video snippets. Okay, these very short concise videos go through What bookmap is visualizing and how to identify it and take advantage of it? Okay, so these concise videos Are much more in line with what we go through in the advanced order flow webinars That start at 11 Eastern. Okay, we'll just go through those some of these concepts here in a lot more detail All right Let's take a look at bookmap We had oil inventories This morning and just five or six minutes ago. So you can see the volatility here I might want to check that out or maybe we'll take a look at the Nasdaq which we've been covering for quite a while here Well, let's jump over to oil. Just I want to show you guys something Okay, and crude Okay, and I'm zoomed out here And let me play around with the heat map settings a bit. Okay. I want to make this point Because you can see it very clearly here in bookmap Okay Now I made the settings here a bit more Stark so that we can see the difference here, but Notice these little pockets here at 830. Look at the yeah, this was a fundamental economic release Hey at 830 a.m. And Look how it got dark here. Let's zoom into that area. Okay It's just fascinating to see this. This is just how these markets operate. Okay Here's our 830 time and here's at 829 and a little afterwards. Look how all the liquidity dried up Okay, this these the heat the heat map the grayscale here is look the Historical Evolution of that limit order book. So these are areas where people are offering up here and bidding down here And they pulled a lot of that Liquidity because they don't want the risk. Okay, so there's going to be volatility during these releases and We got a little bit of volatility not much But the larger players are the players where they stay in the book Those become the attractive levels Where the market knows it can trade and get filled So we see a lot of little trades at back here Back and forth, but the larger look where we count we come up to these areas did not pull Okay, they pulled a little bit here right at the release, but then you can see that They they stayed in the book here and we trade right up into it a little bit beyond it And then we reverse at that at that point. Okay, so just very simply We can understand higher longer-term liquidity and how It it has an effect on the on price. Okay, we try to write up into it and a little bit through it, but it was there was not enough buying pressure to continue on upwards all right, so We reverse down and and you can see that they pulled quite a bit of liquidity But they stayed kind of in this area here Around 5748 Okay Right, so when you notice this kind of behavior You know, there might be Not a scheduled economic release like at 830 here It might be just some geopolitical event. For example, Trump is going to be speaking today about tax reform For sure, there's going to be some volatility Okay, so Those are a lot harder to gauge because it's not at a specific time or we don't know exactly when the news is What is newsworthy and when he might say something or Janet Yellen might say something or whomever it might be a press releases or maybe some sort of geopolitical tensions like war or terrorist attack etc You can see here the 1030 open or release as well same thing and the volatility for oil inventories And you can see how it got dark in this area here and there's still kind of out of the market at the moment I mean they come back in, you know, 1010 40. It's almost 1040. So I'm sorry just past 1040 So we can see it. Okay. So now for those of you who are new here I'm covering a lot of things very quickly, but The point the main point here is to understand these markets and how liquidity Plays in these markets. So look at how they stayed up here at 5740. It's exactly where it came to All right, that's because they're you know market knows that there are sellers here It almost came down to the these guys at 5705 and then they actually pulled as you can see All right, so what do I mean by some of these concepts? liquidity adding pulling Reading all of this that looks a rather complex It's actually very straightforward and objective and rather simple So I'm gonna close up the indicator sub panel that we have that looks at the CVD Accumulative volume Delta and I'm going to take off and strip off all of these layers of Data and we're gonna make this really simple Okay, we're just gonna start with a basic candlestick chart Okay, open high low close of a five minute period. Okay, so here's the volatility that we can see back and forth and just after 1030 and So This is a view we're all accustomed to okay There's really It's very opaque view of what's going on here though because we don't know all sorts of other information There's very little understanding of volume here We don't know where the volume traded How much and what type? Okay, and there's going to be microstructures here because this is a five minute period of time And it's just open high low close of that five minute period We have no clue about some of the structure that happened within this area because that time period is aggregated Okay, so the first thing that we can do is look at microstructure just by simply looking at the best bid and offer Okay, so that's all I've added on here to the chart is historical best bid and offer All right, and we can see some of these little microstructural areas Okay, there's one up here is it was broken and came back down and you can see we kind of you know We're maybe trying to base down here a little bit, but Came right back up to where it broke from here And then we see the volatility okay We can see here another microstructure and here as well and actually because this consolidated for 15 minutes as you can see we can we can actually see in the candlesticks a bit of that microstructure as well but and and here as well because it it went it went by for 15 minutes, but we still have no clue Where the volume traded here and that gives us a lot of insight to Understanding the possible future price movement. So let's turn on the volume dots Okay, and and now I know exactly where The trades took place and what type where how much and when Okay, so let's let's look into this structural area here Let's click on that move tool hover over this area and I'm gonna zoom in very quickly with my center mouse wheel Okay, so what's going on here? All right, the majority of that volume here it broke from this structural area as you can see pretty quickly All right, and this is typical in our educational process, this is called a Sweep of the book Okay, they we were going sideways here for a bit and then the sellers came in aggressively hit the bid And took liquidity from each level as it quickly moved down It buyer stepped right back in and then we can see that we move back up kind of based sideways here for a bit and then Kind of started to drop down a little bit and then and then we see another sweep Well, there's many sweeps in here. There's another little sweep in here. There's just another little sweep in here okay, that dropped us down to a new level, so there's micro structures in here and That's where You know, we can gain a lot more insight Okay, so for example these three candles here Here's a five-minute period. Okay, and this is what actually occurred within this candle right here between this vertical dotted line and this line Okay, and we get some insight here with this move to the downside Okay, because this is where they swept the book lower and we stayed lower Okay, so now we understand that there's there might be an opportunity if we can trade back up into this level That we're probably going to exhaust out it's not we're not going to find buyers and we'll probably find sellers and Indeed we did look at these areas right here Okay, a lot of selling took place Okay, this area here as well. We see there's red dots. Okay, so And then look at these little areas up here these little retest to the to the high side Okay, we're making a lower high But there's no there's no buying up here. There's none Okay, so we're exhausting out and we rotate lower and we continue to discover lower prices All right, so very very insightful information here and Let me zoom into this area and I just want to show you Exactly what what we're looking at here on the bookmap chart because it's very simple data Okay, we're looking at historical best bid with the green line historical best offer with the red line. That's it Okay, now these dots are the transactions that took place on the best bidder offer Okay, now we use the aggressor classification of volume Okay, so this dot here is an aggressive market buy. That's why it's green It crossed the spread and it took liquidity off of the best offer And if I hover over using this data tip tool, I get the date the time What was on the ask at this price level and the volume at this price level? So this this was a one lot that traded at 57 35 okay at 9 30 and 28 seconds and 178 thousands Okay, we can continue to zoom in To this level now this is a one lot, so it's not going to be that interesting actually Let me zoom out a bit and let's zoom into maybe this level because you're going to note Really what occurred here? Okay, this is what occurred. We have actually a little bit of lag as well little bit of latency between the best offer and the traded volume, but you can see some mechanical action here Okay, this is an algo Okay, look how it's trying to lift the offer and it actually did lift the offer one tick Okay, so we see very quickly that We trade here in a couple of tranches for in fact And then we get a bit of a pause and then again here. Okay. Now. We're just down at microsecond level We can continue to zoom in here And we can look down at nanosecond level as you can see so we're looking at billions of seconds Okay, book map can handle all of that data very quickly Because we have a very powerful complex event processor Okay, now note how We've recorded Every single market event that has taken place here But as I zoom back out We consolidate that information And just aggregate it just graphically because it's all still here Is but how does that help us like we don't really need to see all of that data unless you want to see Exactly where your algos are getting filled. Well, that's that's originally what book map was designed to do and then we Thought this was a pretty good idea for a product And Improved on it. Okay, so now we know exactly what occurred here But we're giving you the overall shape of this volume with one big dot Okay, so if I hover over this dot here, let's zoom in just a bit. Okay And it's gonna give me the the volume here, which was 80 okay So we know exactly what traded here and and how much All right, so That's how we're visually just visually aggregating this as you can see We can zoom right back in and get all of the data if you want Now as I zoom out Now we're looking at just all of these all of these trade events that took place on historical best bid and offer Okay, and as they continue to zoom out we continue to aggregate just graphically this data and At a certain point you get these pie displays here because there's so much volume that took place here like here if I hover over this area of volume of Over 1,700 contracts here. That's a lot in in crude all right and We can see exactly what the overall shape of that volume is Okay, we can see that the majority of it was selling. Okay a slight majority Anyway, so that's the volume. That's the microstructure. That's what these candlesticks look like Okay, we're showing you exactly where that volume traded now You're not even going to get this view on a footprint chart because a footprint chart is still going to aggregate that data within a bar All right, so we have all of the data here and the microstructure and we can see who's winning the battles here and that's the advantage of the Being able to show just that historical best bid and offer Okay, and the volume on it now. There's another part of this That's really important and that is to understand the book. Okay, where are they bidding an offering? All right, that data is not present here Okay, I think I take the candlestick off at this point And I can actually put on our indicator Indicator and our heat map Okay, and let me adjust this heat map quickly Okay, actually that's a little much all right, so Now the grayscale we've shown two elements here on this chart historical best bid and offer and volume and that's been it so far Okay, now we just added our third element, which is the heat map Now the heat map what it's showing you is the history Of the limit order book so if I zoom in and let's look at the price ladder over here And this is our depth of market this c o b column So here I can see the depth here on the offer and the depth here on the bid All right, and you can see the areas of of high liquidity here at 57 15 And at 5708 Okay 144 contracts and we're one tick away from it Okay, and you can see the high liquidity though in this window here. This is the current market as well This is best bid and offer and last traded volume All right, you can still you can see the high liquidity here because we give it a graphical representation So these 166 contracts are painted bright white because it's a high area of liquidity Okay, so when you see the numbers change here in the liquidity heat map you're going to see the heat map change to reflect the large and small liquidity where this Really comes together is we take that data and then project it on the chart historically So you can see exactly the behavior Of the of the auction Okay, so down in these areas here. They came into the book and they wanted to be buyers down here and here Okay, and we came right into them and and traded through them here at 05 right down to the figure at 57 All right, we can see a little retest here And a little bit of exhaustion on the sell side We'll rotate back up and then we find buyers who stepped in All right, and they pulled the market up out of this little range here. So microstructurally we are now bullish Okay, because we are above this structure here now if we were going to continue on up to 57 30 What we're looking for is more volumes to start trading up here like this over here Okay, and this is going to be a change in the order flow Okay, a distribution of the uh from the sell side to the buy side now. We need to see continuation on this though Okay, uh, we need to uh at this point here. We need to break through 57 15 and we want to see high liquidity or high volume trade up here And here we go. We're testing it right now And let's zoom in here a bit and get a feel for it Okay, now let's let's uh View the intent of these traders here at at 15 Okay, they stayed in the book up here So we just made a distinction between real and fake liquidity Okay, they stayed here. Okay, it did not pull some of it some of it pulled But the majority of it stayed and we traded right into it these traders up here at 57 15 They want to trade okay, so uh A lot of traders will say that well, you know, I don't really access the limit order book because all of the liquidity is fake anyway Well, we're able to show you what is fake and what is not Okay, look at the look at the liquidity down here. This is high liquidity, but it's very and it's pretty far away from the market Okay, uh, but um, uh, did they have any intent to trade here? Well, it's it's a little too far away, but um, uh, it's very short term. Okay, they jumped in and they jumped out Okay, so, um, uh, the answer is no, uh, they did not Nor did these guys here know this is more aggressive Okay, liquidity here and you can see how they pulled at the last minute here or last last second See this is that little area right here of high liquidity and then and then they pulled Okay here And you can see it got dark as soon as it came up and tested here right, uh, and uh, and then the the volume traded and up up to uh, just shy of this 57 15 Okay, so now we're starting to understand, um, Many many aspects in context of the auction and where people are positioning themselves Uh with their transactions Okay, we're also able to start to, um understand fake liquidity and maybe, um nefarious activity of spoofing uh, or, um, um, you know a flip of the, uh, order book or Ignition algo, uh, all sorts of, uh, uh, things that occur in this, uh, High frequency environment Okay, now Uh, you can see that, uh, look look how we're rotating back from 57 15 Okay, because no one wants to take these guys on they did here This is where the battle took place And look at the bind that took place up here. It's very little Here's our here's our retest and we don't even get up there Okay, we come too tick shy of it The sellers read that And it's in this area here where the sellers, uh We're exhausting out on the buy side the sellers read it and they drive price lower Okay, and we're back down to the bottom of this range So understanding the context of this auction understanding the context of this liquidity Uh, and the traded volume we're able to piece together and understand this move to the downside Okay, and uh, we can start to target Okay, some of these areas as well. So we're back at the fit 57 figure here Okay, and uh, let's see if now these guys they've been kind of jumping in and out and they they did get filled over here previously Okay, but they're they're they're back in here for more Okay, so if the sellers want to take them on they've got to trade through Or into these 146 contracts here. All right, so um, anyway, uh, really starting to understand the market uh, and um How it moves and how it behaves within the auction and it's contextual This is not an indicator It's not some sort of mac d crossover. Therefore you buy or sell You know it it is it is an auction And we want to understand the context of that auction to look for an advantage for those of you who trade the, um Volume profile for example, uh, you're gonna have a better understanding of context just because of that's the way it works with volume profile I and understanding the liquidity context Is uh, maybe a bit easier Okay to understand the auction here And and put those pieces together Okay, so um, you can see that we're just range bound here now Okay, but when we come up to these areas here, we want to understand, uh, really what's going on here now Is this guy here at 57 15? Is he back? He's not he's starting to show maybe uh, maybe a tick higher here or maybe, uh, maybe they're getting more aggressive here You can see Right, so uh, there's going to be another battle that kind of occurs here. There's a lot of interest Okay, so far, I don't we're not getting a lot of context here. We're looking for maybe, uh, flurries of activity and volume that Show a lot of buying interest that will take these guys on at 57 15 And you can see that we we didn't really get that so we're rotating back into the range Anyway, these are concepts we go through in the advanced order flow webinars Um, and um, let's jump over to that if you guys are in trial, then you'll have the link to it Otherwise, uh, I see a lot of you guys who are in uh trial or uh current customers. So I'll see you guys over there Okay, bye