 Okay welcome to the platform webinar details here and we're going to go through the just a book map in general. What does it show you? The information that is explained and the levels of transparency it is offering and understand how this gives you an advantage. Alright so let's start off here with the risk disclaimer. Trading equities and futures involves substantial risk of loss is not suitable for all investors. Past performance is not indicative of future results. For those of you who are new and it looks like a few new traders in the room by looking at the the list here. Let me know if you're new here and ask away any of the questions here. This is about covering the features and components and understanding them in book map and what kind of market details it is showing you. And then we'll take advantage of that as well. So for those of you who are new go to bookmap.com for more information become a member there. There's all sorts of free resources. Once you are in trial you'll have access to those free resources and you can always reach out to us at support at bookmap.com. Alright so let me show you the website here and we'll click on explore. There's a few intro videos here so those of you who are new please watch them. Watch those videos they're very short and then let's scroll down here and this is you you will need to connect bookmap with a data provider and we don't we're not a data provider ourselves so that that is something you will will need and this is these are some of them these are all of them that we offer okay or that we connect to so staged five trading they are actually a broker but they offer CQG rhythmic and also gain capital okay so we also connect to a Ninja trader through the API now bookmap is different in a sense that although we can connect through the API in Ninja trader we are a platform just like Ninja trader okay your Ninja trader maybe you're powering it with CQG data or rhythmic data or IQ feed whatever it is bookmap is the same you'll be plugging in your credentials for your rhythmic or your CQG or whatever in the bookmap and you'll have it directly okay so we also connect to the API with TT okay TT X trader pro then the data provider IQ feed interactive brokers now this is going to go through the API of the trader workstation okay we also have a web version that is through trade of eight connect directly with transact futures data and then the dev experts and Nasdaq here is for bookmap for equities only okay us equities only okay scroll down a little bit further this is where you can find bookmap and you can start sign up for a free trial okay and you can I would recommend it will allow you access to the advanced webinar as well and that is a good thing then you we go through the advanced webinar which will be in about 25 minutes we look at the order flow okay in the details in the market and we start to read that order flow in real time and anticipate price price movement okay so that's what you get as part of the free trial and it's 14 days no yeah no no money is is required you will need to put down your credit card but is not charged and the there's two different versions here basic and advanced okay 49 per month and 99 per month and the difference between the two are the ability one is the ability trade from the chart which is a nice advantage and the other is all of these add-on indicators okay so we have our own proprietary indicators looking at order flow for the advanced version now the package deal here of the basic and advanced same ones those over here they are just packaged with the DX feed okay the DX feed is what allows you access to us equities only okay it's not for futures it's only for us equities Scott you are already in trial so I will give you the link to the advanced webinar okay just reach out support at bookmap.com and I'll give it to you in fact today is Thursday so tomorrow actually I'll I'll I'll give you guys a sneak peek of the advanced webinar for Friday okay all right good so that's where you can find book map and give it a shot and then let me show you some of the other resources okay you can follow us here on Twitter and get up to date information you can also subscribe to our YouTube page here and there's the features and components to get a feel for what book map is and what it offers and then there's these order flow video snippets here that just cover a lot of the content that we go through in the advanced webinar right but these are very concise two to three minute videos that cover that phenomena that we that unfolds in in the marketplace okay all right we have some selected webinars this is new not every webinar will be listed here and these will be selected webinars for you and then we also have a futures trader 71 an expert trader professional trader for was to say 14 years I think it's been more than that 16 years and he is a book map user as well okay so you might want to watch how he uses book map to get some insight okay so that's that let's see well let's jump in and take a look at book map and what exactly is it okay well we were looking at crude yesterday and saw some pretty good price action and we're seeing it yet again and I'm looking for extension to the upside here we're right by the figure here at 47 even and let's start off here very very simply and and then we're going to add layers of information here to the chart but we're going to start with a simple candlestick chart okay and I'm just going to take off all of this other information for now okay so this is a five-minute candlestick chart okay in between each vertical dotted line here is 15 minutes as you can see in the timeline and so this is 5 10 15 minutes each one is five minutes and candlesticks most of us are very familiar that's why I'm starting off with this and it is showing us five minute period of price activity with an open high low and close only four data points there is a lot more here that we're not seeing in a candlestick chart okay we don't know where the where the traders are committed okay we don't know where the volume took place on this candlestick and that's going to give just crucial insight to the commitment of the these traders where they transacted we want to know how much volume where on the candlestick and we also want to know what type right this is gonna give us tremendous insight here okay so let's start to layer and turn some of that on okay whoops I'll start off actually with just best bid historical best bid and offer right and that's the way we display the information here in bookmap it's giving you raw pure data here of historical best bid and offer and why do we like it we like it because it is it's truly the market this this is the market looking at historical best bid and offer there's there's nothing here being hidden and we're gonna add more information on this chart and you'll see what I mean but now what what I like about this so much is look at some of the microstructure look at some of the structure up here it's completely lacking in this candlestick there's a little bit of consolidation right in this area up here okay above the swings here we see a pretty quick breakthrough here okay well sometimes you don't see that sometimes you you'll see a lot of volume trade through here and then the breakthrough or you see maybe a lot of basing down here and then a breakthrough to the upside okay so we're getting a feel for what consists or what occurred in the structural microstructural areas here within this five-minute period it's already giving us a lot of insight now let's turn on the volume and see where the volume took place within those little microstructures okay and we can now clearly see that this candlestick here the majority of the volume took place up in these areas up here at the high okay we're looking for higher highs okay just based on this information here we're already getting insight we see the the breakout here look at the volume that picked up and we're coming right to it right now okay and we'll see if the the buyers are going to be interested where we broke from basically you can see the initiated buying occurred here so I imagine you're going to see some either some covering or you're going to see some again the buyers supporting this area here we'll come back to it in real time here but just note that for now and we'll see who's winning the battle here but the the data that we're showing here in the volume is giving you a lot of insight here okay we're starting to understand now where traders are committed and that's completely lacking in this candlestick chart okay so let me click on the hand tool and I'm going to zoom into this area okay and let me actually bring down the volume dot size here it's a little little big for my taste okay okay so here's our five minute period okay each one is now divided with a vertical dotted line of a minute okay so look at the look at the details here historical best bid and offer and the volume okay so we have pressure here buying pressure coming in right at this right at this point here around this 74 area and then and then you can see another that a little bit of basing here and another and just initiated buying coming in here okay green dots pulling price to the upside here now let's zoom into this little area here just by clicking on the move tool right hovering over here and then zooming in quickly with my center mouse wheel you're going to note how I start to break apart all of this trading activity and we really get a feel for what exactly occurred here okay this is outside we got a little bit of latency here but let me I want to show an example this looks pretty good right in here okay so this is what really occurred in the market you can see the historical best bid here green and then best offer red now a green dot is an aggressive market buy order someone crossed the spread they hit the market buy button they paid up for it they paid the spread for that and they took liquidity from the best offer and this green dot is then displayed here okay now it's the opposite for red dot that's an aggressive market sell okay so we're recording every single individual event that took place here okay now we can continue to zoom in and you'll see we're down at millisecond level here so thousands of seconds and if I hover and zoom in to this little area note how what really occurred here is we break up this one dot into when we can start to see some algorithmic activity here okay like right here okay and not the not the greatest example a lot of times we'll see very very clearly you'll see three events take place space another three events space another three events etc okay anyway my point is as I zoom back out now okay we're consolidating just visually we are aggregating okay all all of the trading events are here market events but as I zoom back out I'm compressing that timeline and all of these little trades are gonna be aggregated into a bigger dot right so it depends on the timeframe that you trade and as I continue to zoom out note how so many trades took place here the best way to describe it is through this pie display and we're showing that the majority here of that trade activity here was aggressive buying okay it's mostly green two thirds of a green a third of it is red now if you want the exact numbers you can click on the rollover tool here and we can hover over this and we get the date the time what was on the bid at that point and then the volume as well so we see 235 contracts is what traded within this dot okay if I zoom back in note how I get all of the individual volume here so this dot is 40 trades or four 40 contracts as I break apart all of those little all of that trading flurry and you can see that it's 12 12 1 and 11 all right okay all right so that's the volume now let's get into the the heat map okay because and let's take a look here what exactly unfolded here all right well we broke down below okay so initiated buying they did not come back in and support this area in fact this is going to be we're getting a retest of this area right now okay and let's see if the buyers are they you know are interested at this point I imagine we're going to see the sellers support it here at this point okay so we'll keep a note an eye on it though now how how can we start to judge this current market activity well we want to see where the traders are lined up to bid and offer in the limit order book and we usually do that through the dome all right and here's our dome and book map it's right here in this column the COB column and I have a couple COB columns one is graphical with bars as a histogram and the other one is numeric okay what it's showing here is the best bid and offer right here and then you see the depth on the on the bid and the depth on the offer so I can see now where traders are lined up to deal okay that's really insightful these are areas where you know there's liquidity in the market can trade up there so it's very insightful to have that current information in a dome however the problem is here that when these numbers change and they're changing constantly adding and pulling liquidity at these price levels the problem is that once there once that area changes then we lose that that data okay and and then it's a we have we will have to just recall and remember where it was so that's the problem with the dome and it's rather hard to read and remember the dome by doing that all day long it's very taxing now how book map solves that issue is I'm going to turn on the heat map okay and now what we're looking at and let's just cover this little window right here because this is the current market it's just the graphical representation of it here okay we have the best bid and offer here and then this number is the last traded volume and then let's zoom in here a little bit okay and then note the heat map okay the gray scale here okay when this liquidity changes then the heat map will change okay so areas that are really bright is very high liquidity okay areas that are a little bit darker are less liquidity so here's 125 contracts versus 165 contracts here so that's that's how to understand and read the heat map now where this gets interesting and where that where this can help you is to we take this data here it's recorded and then transposed onto the chart okay so for example this this little area here we were just watching and we saw pretty high liquidity and then they're adding and pulling it okay and this is zoom in a little bit further so this area here look if I hover over it says it's 133 contracts and then this little darker area it went down to 93 and then it went back to 149 and then it went back to 109 so they're adding and pulling liquidity now we have a record of the auction the intent of these traders at these levels okay do they have the intent to trade or are they going to pull that liquidity in the last moment right so now we can start to gauge that and we're seeing a lot of actually to be honest a lot of wicked price activity right now in oil and they're they're really pushing and pulling it here but I'm looking for a phenomena we call flipping of the book as we we broke down okay through let's see here let me draw in okay remember how I originally said well there was two areas right here and right here okay and this is where that initiated buying really started was was right right around here as you can see the green dots pulling the price price upwards okay now in this area here I was starting to anticipate I was looking for buyers to step back in and support this okay they did not not at all I mean we went clear through it selling just continue to hit the bid pretty hard okay so we went flying through that area and now I'm looking for in this area here at 46 71 for a return back to that area and see if those sellers are still engaged okay and we can see that they did not in fact so this is kind of odd behavior usually they do instead we see the buyers continued to lift the offer up into this area here okay and now what are we reading in the current market we're I'm looking for the buyers to step back in here at like just right right where we are you can see them they're already providing high liquidity here at 46 75 why is that because this is where that initiated buying started again okay so these guys now trying to drive price up and get into some of these areas up here around the figure at 47 that's what I would start to anticipate alright and we'll see we've got a few more minutes until the advanced webinar but that's what I'm looking for at the moment okay based on the order flow based on some pretty pretty wicked stuff here but you know yeah I just think that you know they'll support price at this 46 75 level and looking for this 47 figure to finally get tested up here alright okay now this is just from objectively reading the order flow okay starting to base base this activity not on candlesticks not on some indicator not on some derivative of price but the commitment or the transactions where traders are committed versus or combined with the intent of the traders okay and the intent is here in the limit order book alright so we're really truly and very objectively reading the market we have all the market data here and we're we're reading that that raw data there we go there's our move into 47 right there okay that's what we started to anticipate based on the order flow here alright okay so anyway it's you know it's not a crystal ball it's just it's just factual data and we start to understand what's going on in the marketplace and just very very objectively okay and you can anticipate moves here now that's just putting all of these pieces together okay and that's what we do in these advanced webinars okay it's for the book map users this webinar is for you guys to ask questions about the about the platform and get comfortable with what kind of data is being displayed here and how you can use it or understand it and then weave this into your trading okay because you can see here that let's let's just start to take off some of this data yet again okay let's take off the volume dots let's turn off the heat map okay that's gonna be pretty hard to read I can't read that I couldn't read I very clearly read this little area here and based on the order flow but this this candlestick here let's even take off the historical best bid and offer okay yeah I mean to me it looks like clearly sellers are in control here based on the candle and I would start to anticipate just on the candlesticks alone that that continuation to the downside you know all of this would be trapped volume up in this area here but that's not what occurred and in fact we're still we're above the the figure here at 47 now okay and still it's still continuing to advance all right all right guys well now I want to cover just have a minute or two here just a few things because there's it takes a while just to understand the heat map and the volume because there's a lot going on here in this platform okay we have all sorts of data columns here we can look at a volume profile here we have another volume profile I can look at a trades counter I could look at a quotes counter I could look at quotes Delta I can make custom notes in these columns you can you can take this data and you can move it around really it's it's just highly customizable and you can format this column you can split out the data okay the trade data here or you can have it in the as numbers bars only numbers only etc okay or have it as a profile like I do here all right okay so anyway the that's the just the columns and that's an extremely brief overview of the columns okay another aspect here another feature we have a indicator panel subpanel here and I'm looking at the cumulative volume Delta okay so that's another feature that we have here another one yet is we have the let's click on automated strategies up here okay there's a few that come with book map chase escape and execute these are algorithmic well there they're little algos that will help you with your optimizing your trade entries okay they look for a very specific imbalances in the limit order book to justify your position or your decision to either go long or short right so you know we don't have time to go over that but this is there's just lots of levels here to to look at all right so you can reach out to us at support at book map calm and happy to to go through any of this stuff with you guys in the meantime I would recommend if you want more of an overview of the features and components start here start up the YouTube page at book map 6.0 overview maybe then watch the 5.0 overview and then some of the other smaller ones here or you can just even open up the playlist completely and you'll see the list of all of the different features and components within book map and this is also just an abbreviated list to be to be quite honest so we just have lots and lots of features and components here all right guys thanks for coming and Scott I'll get you a link for the for the advanced webinar that starts right now all right thanks guys bye bye