 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer Trading equities futures and crypto currencies involve substantial risk of loss It's not suitable for all investors past performance is not necessarily indicative of future results For more information go to bookmap.com. We have a free trial of the software It comes along with education and support. So you get access to the educational course It's a four-part series And then you get access to the advanced live order flow webinars and We go through advanced analysis of the order flow those start in about a half hour. They're every day always following this webinar and The idea here is to Go through in the live markets what we cover in the educational course Okay, and we're looking now. We've moved beyond the platform details I mean that's gonna change here in a minute or in a few Weeks because we'll have a new version version 7 coming out which I'll be demoing today and We will have to go over some of the the platform details as well there There's just so many new changes. Just great great stuff in the new version. So Hope hope you guys like that and ask questions. Okay, because there's a lot to go through So anyway the live order flow webinars cover the educational course so you have understanding of learning about What book map is and how to read it and use it in the markets and then to see it actually being used in the market So it kind of works off of each other there. There's other resources as well that come along with the 14-day trial and Any questions reach out to us at support at book map comm Let's go to the website here Quickly just go through it Scroll down and you'll see the the toolbar up here This is just an intro video here that goes through some of the basics and book map Okay, go down a bit further about book map. You can click here for the webinar. That's this webinar that you'd be signed up for More information just does some of the basics button for the trial as well as Testimonials and book map for equity. So there's we connect to I'll go through all the connectivity, but this is kind of unique. We've offered it now for several months You can get equities here in book map through the dev x feed It's the NASDAQ total view excellent feed all sorts of advantages here that you can read about And then connectivity. So this is important. This is how you connect book map to the markets Now we are not a data provider. We are a software trading platform Okay, we're just like Ninja trader TTX trader pro and interactive traders workstation. Now these three platforms here We also connect via the API. However, we are a platform just like they are so you can connect directly using CQG rhythmic gain capital IQ feed Transact and the dev experts that I just covered for us equities All right pricing details a bit further down with that 14-day trial period You get you can get book map basic or advanced Make sense to go for the advanced for the trial The you can see the price here 49 per month build quarterly. Okay, 99 build quarterly The difference between these two are the add-on features Okay, so the ability to trade right from the book map chart here As well as proprietary indicators, we've put together that read the order flow in a very specific way For example large lot tracker and iceberg detector Not only are we reading the order flow in? Various phenomena like an iceberg order We're starting to read the specific players So book map allows you that kind of transparency to start to understand the actions of specific players in the market And the quant version over here Just this will have a proprietary or you know specific user specific Features, so we work with many quants to reach those those goals that they have and Reach out to us if you have any questions there If you need data if you're new to futures You can get a free 14-day trial period if you click here for a number of them. Okay, it's just a link to some of them and So you can do the 14-day trial period of the data feed as well as book map and just try to do them together And you will get a good picture of what's going on in book map Okay, if you can't decide which plan you want you can see all the comparison features here Partners and then some support here Contact information Let's see for social media. You can follow us on Twitter at book map underscore pro. Okay, get the most up-to-date information Or you can subscribe to our YouTube page here all sorts of videos here to access I would recommend starting with some of the intro videos then looking at some of the features and components playlists Click on the playlist title here, and then you'll you'll have all of them lined up And then watch some of these order flow video snippets Hey, these are concise videos that go through the order flow phenomena that we cover in the In detail in the the live order flow analysis Advanced webinars, okay All right Well, let's jump into book map and take a look at it. What are we looking at here? Let's take a look at something else here Just a regular candlestick chart here. Just get a bigger picture approach of what's going on and then Yeah, let's take a look at that Nasdaq. We'll continue to look at that And and then here is book map. All right, so hey zoos, so let's get to your question here The basic plan. Can you have access to the API? Historical data historical data is Well, you it will be there will be an offering special offering with this new version Okay, and I'm not sure on the details on that yet so I'll follow up though and ask about some of the details on the historical You know charting But the way it works though is once you open up book map Currently the way it works is you open up book map and you begin collecting your data Okay, so you can see I opened up book map around 815 here And then I started collecting, you know all of this data here All right, and you can see look at a 930 open here and the the volume and liquidity just picks up massively Okay, very typical So I'll have to get back to you on that Jesus And let's see the Okay, well Yeah, let's jump in here and go through some of the components and features in the chart here All right now you can see the new heat map colored heat map and book map and Although you know The grayscale I liked quite a bit. We can we can look at the old the old grayscale one here and This was typically what what you guys are if you're in trial. This is what you'd be looking at But the new version here. There's some some color variations to take a look at okay, and it's quite nice You can see that the one using red is the highest liquidity. I mean it really starts to You really can see the you know the high areas of liquidity here All right, and that's the that's what the color heat map is going to allow you to do and See some of the distinctions very granular level You know distinctions here in that liquidity So I think you guys are going to really gravitate toward this Toward this heat map here But I'll keep it on this one that starts with dark gray and then works its way up from blue to white to yellow to Orange and orange being the highest liquidity all right and So now We've got quite a few traders in here. So just want to let you know here Or just go through the basics of what you're looking at because this looks like it's rather complex It's it's actually really pretty straightforward stuff. There's only three elements in this chart Okay, it's actually the concept or what this chart is actually showing is simpler than the concept of a candlestick chart Because there is a bar concept that you'd have you have to understand with the with the candlestick And it's just not giving you the kind of data or the insight and clarity to Really what's going on in the market. So the three elements here on this chart are historical best bid and offer Volume dots that you see here. That's the volume that traded on that historical best bid and offer and then the liquidity heat map Okay, so what what the heat map is showing is where they're bidding and offering Okay, so it's outside of the traded volume And outside of historical best bid and offer well including it as well so Let's to illustrate the point. I'm gonna start with a candlestick chart and we're gonna turn off everything else and So you can see that You know visually this is quite simple and and clear and straightforward and I like the view very much I like candlesticks as well. I have nothing against them. I just think they lacked Transparency quite a bit and why is that because it's open high low close of whatever The bar is showing if it's time if it's volume If it's range if it's a rotation bar, it doesn't matter It's still open high low close and the problem here is that is aggregated So there's all sorts of detail that happened within this five-minute period That you just don't have any clarity Insight into and That's the problem here with a candlestick chart. Okay, we'll get into the volume as well, but there's microstructures in here that it's it's it's hiding and Of course, you can go down to like a one-minute chart or a 30-second chart Candlestick chart, but it's still aggregating the data All right. Now the way that book map Combats that is very simply to Show historical best bid and offer really simple solution So now we can see like the little areas here. Look how you can see up here like this this candle here Is showing you this is a good example. This is a shooting star Okay, and let me take off the Best bid and offer here for just a second. Okay, so big move up shooting star so Well, I mean that that's telling you that there's you know in a candlestick pattern that there are sellers up here and or lack of buyers or both and We're looking for this of reversal here potential reversal Okay That's the way that you know, you look at these candlestick patterns Well, that that would be quite a lie here because If we turn back on historical best bid and offer You can see what actually happened up here was nice move to the to the topside and then it very still market is very strong Why look at this historical best bid and offer in this range here And let me click on the move tool and we'll just zoom in here a little bit Okay to illustrate this point. Okay, so Here's our our shooting star and But the the sideways consolidation here. It's just it's not even making lower lows. It's just going very very sideways here Still very strong here. This is just a break in the market. Okay, and then you can see buyers start to step in in this area here We come up and test the high Okay, come back down and then we're just some great stuff Here Okay, this is the range that we were in Okay, this micro range was broken here And then we get a retest back to where it broke from here And then we see the continuation Okay, all of that kind of information is not displayed in this candlestick chart. Okay, we can't see any of that And that's the that's the problem With aggregation Okay, now the next step though would be to understand the order flow and volume within These microstructures. So let's turn on the volume dots. Okay, so that candlestick chart is not showing any volume whatsoever Let me get rid of that one. Let's just clear the lines here All right Okay, so the the problem is that On the candlestick chart, we have no volume information whatsoever We just have open high low and close now We do have volume in the sub chart down here, which is very typical on most charting platforms However, it doesn't it doesn't tell you a lot of very very Specific and insightful information It's not showing you where that volume traded and took place How much exactly at that moment? So when where and how much and what type? Okay, we want to see if the if it's the aggressive buying or selling All right, so what do I mean by the aggressor? So let's just zoom in here and let me show you Okay, so now we're zoomed in quite a bit. We're looking at a second between each vertical dotted line here and What we're looking at is that historical best bid and offer Okay, very simply. This is as simple as it can get and The red line here is a historical best offer and the green line is historical best bid Right now you see all these transactions these dots that took place on historical best bid and offer. That's the volume All right, so we can see exactly What traded where and when and we can continue to zoom in here? Let's look at some of the details here We can see that the little bit of flurry and in the auction back and forth. Let's zoom in and really check it out Okay Okay, now we're down at millisecond level. So we're looking at thousands of seconds. Well, we can continue to zoom in and Now we're down at microsecond level. So we're looking at millions of seconds You can continue to zoom in and we can look at billions of seconds as well All right now for quants and others that are trading automated strategies, maybe that's you know That's going to be very helpful for you to see exactly how your Algo is behaving for the rest of us. We don't need that kind of detail All right, but as I zoom back out look what we're doing We're taking all of this volume. Okay, and there's just a bit of volume here seven contracts actually traded here and We're gonna we're gonna show you how a book map handles all of this data So this is this is a this green dot here is an aggressive market buy Someone crossed the spread they paid up for it and they took liquidity off of the best offer and a green dot Shows that market that market buy order. Okay, red dot is the opposite as a market sell And it takes place on the best bid and takes liquidity off of the best bid Right now if as I start to zoom out though, okay, what we'll do is we're going to consolidate just visually or graphically All of that information into a bigger dot Okay, and we'll continue to do that Until we get to a point and let me just scale up the dots a bit Whoa, not that much Okay, and we continue to aggregate it to a point visually where we get the overall understanding of the The type of volume how much when and where so for example, here's our breakout Okay, so we're getting a lot of insight remember earlier. I had drawn this line here in this little zone okay, this was the You know the area of resistance and we're going sideways between This area down here in here. Okay, here's our breakout and this is very typical of what we see Right in the as a breakout Very aggressive market buy orders pulling the market up out of this range. Okay, this is a new understanding or evaluation of this This instrument All right, and we can see it here Okay, here's the aggressor and let's take off the candlestick chart at this point It's just getting in the way and look at the there's some selling up here No question, but the majority of this is buying Okay, and we know that we can just look at the color and the size of the dots Okay, and we see that sellers that you know they we come back down and we get a retest where we broke from This is very typical as well Okay, and there's some selling down here actually I'm kind of surprised to see a little bit of selling down here But not enough. There's not enough sellers to take this lower into the bottom of this range So now we are accepting above this 65 47 and a half area right here Okay, and and then we see that buyers start to step in again here and When we have nice clusters of volume like this We can see that more volume is starting to trade at these higher areas and then here's the here's the breakout Okay, the big breakout. Here's the initial breakout here the retest and the in the next breakout here Above this swing here. Okay, and we can illustrate that very simply as well There it is. Here's the swing. Here's the first test The retest of where we broke from and then the breakthrough Okay, and look at the volume. Okay, we want to understand the volume in these areas Okay, the buyers are certainly in control. There's no question about that now. There's some selling in here, but Anyway, this is a sweep of the book. This is what we go through in the educational course understanding how we break from level to level and We haven't even looked yet at the the heat map So we've just covered two elements here in the bookmap chart and we're already getting tremendous insight Okay, we see the historical best bid and offer which allows you to see the microstructure Okay, even if I'm zoomed out doesn't matter. I can still see the microstructure Right, so it doesn't matter You know, although there's all sorts of action and activity within here. We're still getting the microstructure Okay, zoom in and then I can start to see where the volume is trading on that microstructure Okay, and I can put those two together and it's a very very powerful combination So those are just two elements that we have here. Okay, but there's a third element And this element is crucial to understand in order flow and gives tremendous insight here And that is the historical best bid and offer. Okay now the the auction And we usually Consume that kind of data through a limit order book Okay, so I'm gonna click here on back to the current market. Okay, and let's zoom out here Okay, this is where we're just looking. Okay, and now here. This is where we are now and let's go through this Okay, so all of this data here is historical right to the right of this vertical white line though is current market so let's zoom in and You can see the best bid and offer right here Okay, dash green is the best bid dashed red line is the best offer and this number here is the last traded volume and Then we can see our price ladder here All right, and then actually let me get rid of this column Okay, and just make it simple for the moment okay, and I'm actually going to Change the settings here Quickly I want to see every four ticks just to make it a little simpler to to read here Okay, so every every four ticks. I have a whole number here in the in the Nasdaq So we can see that now in the price ladder. It's just a little easier on the eyes and less confusing all right, so the Here is the limit order book in book map. So this is the current market here best bid and offer. This is your inside Market your level one data, but here's your level two data. Okay current order book column Okay, it's it's showing the depth of market. So these numbers here. These are contracts Their contracts where traders are lined up providing liquidity In this case up here on the on the offer they want to be sellers up here This is making the market. Okay, and then down here is Our buyers and they want to be buyers at these specific price levels. Okay, this is a dome the depth of market Now these numbers are changing all the time Okay, that's just that's what makes the market is the interest in buying and selling at these levels. It's the auction Okay, and the problem though with the auction is it gives us a lot of insight We can see where there's high liquidity here. Okay for down down here So I have another COB column that's showing graphically just in a bar high liquidity So very quickly I can I can see it here. I know these are areas of high liquidity with a big bar 86 contracts down here 79 contracts 82 contracts up here at 72 and So yeah, we know that there's a lot of sellers up here. Okay, so That's insightful But what happens in the dome and the problem with the dome is it's great for the current market But once the data changes and you can see it's changing all the time Once it changes that data is lost. You'll have to remember everything in the dome here and and that that's a that's an issue here because You know, you're gonna have to really focus and it takes quite a bit of effort to to focus here on this and plus You're gonna have to remember it over hours minutes seconds, whatever it is And a book map solves that issue here by recording the data Okay in the heat map so in this window here, okay, this is a current market best bid and offer and then you can see the This heat map here a colored heat map Okay, when there's high liquidity, it's gonna be orange. So 106 contracts up here. It's orange Okay, you just saw that it this guy here at at 72 notice how he was in here earlier And then he's back in here again with 80 83 contracts Okay, so when these numbers change the heat map gives a graphical representation of the liquidity And you can just see what I just covered here how this is historically Transposed onto the chart. So here at this level at 72 65 72 We can see that there was very little liquidity and then they started to add in here That's these are these striations and the heat map and then that you can see get brighter here Then they pulled and then they got really interested here as price is coming up Okay, we're starting to get a lot of insight here. Okay, and then they they actually Probably starts to move away and they pull and then they come back in and then now they're a tick higher Okay, there's also some interest down here now at 70 Okay, now we're looking very specifically here at the current market Right into into some of the details of this micro structure Okay, and that's good But let me demo demonstrate here how we can go way beyond The just this current view here, and that's what that's a problem with the dome Okay, because if I zoom out Okay, and I'll need to adjust the heat map a little bit to get a little more insight Okay, I can look at the the liquidity heat map in the in the in the bigger picture here Okay, I can look not only in the current market, but the historical market All right, so I can see how they were behaving in these areas So look at the interest down here if we zoom out a bit more We can see quite a bit an interest down here between 66 and 68. They want to buy So we're still bullish. Okay buyers are stepping it up here And where are the sellers the majority of them up here at the swing high at around the 73 74 area Okay, that's what the the heat the historical heat map is going to allow you to do and we can start to read the behavior of that auction In this area here look how they're pulling liquidity and adding it higher Okay, so did they want did they have the intent to trade in these areas? The answer is no All right. So anyway That's the basics of book map and we we got into a little bit about the basics of the order flow but if you're in the trial then join us in the in the next Webinar it's going to start in a minute or so and We'll go through the order flow details. All right Okay, guys. Well, thanks for coming and we will catch up with you tomorrow Okay, take care