 Okay, welcome to the Bookmap platform details webinar. This is Bruce at Bookmap Aristisclaimer trading equities and futures involves substantial risk of loss and is not suitable for all investors past performance is not indicative of future results so for more information you go to bookmap.com and There's a free trial for 14 days Not only will you get access to the platform for 14 days? Fully featured But you also have access to a lot of the resources. Okay, one of them being the advanced order flow webinars at start in about 28 minutes or so And then you can reach out to us at support at bookmap.com Okay, let's take a look at the website here quickly Scroll up to the top. So click on explore here and you'll just drop down into some of these intro videos here You can watch some of those get a feel for what's going on in bookmap. They're very short Some of the features benefits Etc. Some of our partners Scrolling down here. There's also NASDAQ total view. So we have a you can see some of the advantages here in bookmap Using the equities feed. So this is we've had this now for some months It's an excellent feed. So you can now look at the actually unlimited order book In in equities, it's a real nice data feed. Anyway, further down connectivity We are a platform software platform fully featured platform just like Ninja Trader or trade station or thinkorswim However, we're not a data provider. So you will need your Broker or data provider here. This is how you can connect bookmap to the markets Okay, a little bit further down under the pricing tab There is these different features here. So there's bookmap basic in general 49 per month build quarterly And you get the 14 day trial period. Okay, bookmap advance is the same bookmap basic Except that you get these added features. One is the ability to trade right from the bookmap chart This is actually quite nice because you're able to see the liquidity and hide orders behind Or in front of that liquidity to Enhance your your trading and your execution We also have a host of proprietary indicators that we have created that are specific to the Order book and volume that we that we study All right, and then for those of you who are quants and want to learn more there are other features connecting your own data feed and Estimation in the queue etc All right, so If you haven't yet and you want to find us on Twitter at bookmap underscore pro you can follow us there We can also go to the The YouTube page here. We have an intro video that you can see and You can you can subscribe to our YouTube channel and there's features and components here. This is a There's actually some new features and components to go over. We just Sending out an email today to cover some of those I can Show you some of those today as well. Let's click on the on the playlist here And you get the bookmap 6.0 overview 5 Overview correlated correlation tracker, etc. But down in this area here We can see the let's get rid of this one. Okay We have new features on the candlesticks and the aggregate volume counters, okay? So we can cover a little bit of that in this webinar if you like And let's go back and There's also a new video snippet here now these video snippets For those of you who are new I would encourage you to watch some of the features and components to understand what bookmap is showing you Next watch some of the video snippets now. We just uploaded a new one here. It's four and a half minutes It goes over the context of volume and liquidity in a trend Okay, this is something we covered in the live webinar just a couple days ago These are for the advanced order flow webinars, okay, so This is these videos here give you kind of a quick overview and understanding of some of the concepts that we cover in in the Real-time live markets during those webinars. Okay, all right. Well, let's jump in the book map and take a look We've seen well, let's look at actually higher time frame here. We see some volatility come in. All right so S&P is off quite a bit and We're looking for a little bit of a cleanup here as we just continue to grind and trend higher in very very small ranges and then We've been looking at the NASDAQ. So why don't we just continue on or maybe we can See, what is the range here? 543 to so we're about 10 point range Let's see Here's our 930. Well, yeah, let's we'll stick with the NASDAQ. I think and Just we'll see a little more price movement here back and forth but there's a higher time frame trend that we broke and and Let's let's let's jump in and take a look. Okay Okay, so I have got my book map open actually a few minutes after the 930 open So I missed some of the initial volume, but you can see them immediately We kind of well, we go sideways for a bit and then just drop off right here And and continue on down. We get we get a nice pullback to where we dropped from That was not too long ago and now we're just kind of going sideways. Okay, so anyway for those of you who are new here and This might look rather foreign to you We're gonna cover what exactly book map is showing you here and how to understand it and then Start to read the order flow as well get into a little bit of it so You you get an understanding of what we go through more in the in the live order flow advanced webinars Okay, so we're looking at basically only three things here in the chart. Okay, we're looking at historical best bid and offer Volume and the liquidity. Okay historical liquidity Okay, so the the heat map is the liquidity here All right, so these are these are traders lined up to trade at these levels We're showing you where they are on the offer and where they are on the bid Okay, and on the historical best bid and offer. We're showing you the volume where it traded. Okay, what type of volume it is and how much? okay, so to get this point across let's turn on the candlestick chart here and We're gonna look at just this five minute candlestick chart And we're gonna take off all of the other data that we have here and we'll we'll define it as we go through So I'll take off the volume dots Okay off the historical best bid and offer and the heat map Okay, now we actually have a pretty nice new feature here on the candlestick. You can see these These details on the candlestick okay, so What it's showing is the We're looking at a V-wap of the five minute period Okay, and the V-wap of the aggressive market buys and aggressive market sell orders Okay, so what now we are showing a little bit more than your traditional candlestick chart by showing you the overall of that five minute period or whatever Time period you're you're studying here. So you get an understanding of really where that volume is starting to trade All right, so we're already showing something more than your traditional candlestick chart But still we don't have an understanding of where that volume traded Okay, how much traded there and then what was the type aggressor buying or aggressive selling? and that's a that's a problem here because we're making financial trading decisions on a lack of Transparency here a lack of information Insightful information that can get it that can allow us to create better trading decisions Okay, so that's the problem with this candlestick chart There's just so much information here that we are simply not seen And let me demo this. Okay, so we're going to turn on the best bid and offer All right, and already we're seeing quite a bit more And why or what do I mean? Okay? So we're just taking the historical best bid and offer and projecting it His on onto the chart here Here's our best bid and offer right now, and it's just recording it. Okay, and What this allows us to do though is start to see microstructural areas on the chart Okay, five-minute candlestick chart just aggregates that back and forth within that time period Okay, but instead now we can see for example look at the Well, this is not not a bad example because look at the size of the wick on this candlestick here now we dropped from This this area up here around 6075 Pretty quickly And then we consolidated in a range here, but look at the how this range is Forming okay, we can see that you know, although it's going back in and still making lower lows and lower highs here You know, we it's got pressure to the downside Right. This is a pretty big drop and we still see that there's pressure to the downside This candlesticks telling us here that there's buying pressure coming in It looks like there might be quite a bit of buying pressure So based on this you might you start to think that it might trade back into the range up here Okay, that's a possible scenario But we're already getting a feeling of the Microstructural areas here that there is a lot of a lot of pressure in the downside of this market Okay So let's turn on the volume and then we can really start to read it now We're looking at where the volume traded on the historical best bid and offer. Okay, we're getting a feeling of exactly What transpired here and transacted in the marketplace? I'm going to click on the hand tool. I'm going to hover over this area and I'm going to zoom in really quickly You can left-click hold and drag But we're going to zoom in really quickly Into this area by just using the center mouse wheel Okay, so now we're looking at this five-minute period here between these two actually let me zoom out just a little bit more Okay, so each Vertical dotted line here is a minute worth of data. Okay And this is between these this five-minute period. So you can see that The Open we just had a little bit a little bit of a move to the upside on this wick and then it went straight down Okay And and we see that the the the micro structure here is showing us the pressure Then we see these buyers do come in here. Okay, and they do break this trend or this This structure here to the upside However Looking at this We have no clue of really what's happening within this five-minute period Okay, we don't see any of this detail and data All right And it gives us a lot of insight a lot of insight to the buying and selling pressure where these traders are lined up to trade okay, so Anyway, the let's zoom into an area. Maybe this low here Okay, and I want to show you how we're recording the the data here. Okay, so Where this is the historical best offer the red line and the best bid is the green line Okay, you can see that there's a little bit of a spread in the gap here. Okay, and The the best offer went up with one more tick and then finally we got the gap closed here as you can see It's all we're showing here now the the transactions are these dots Okay, and if you see a green dot, this is an aggressive market buy order It's aggressive because someone crosses the spread they they pay up. They hit the market buy button And they take liquidity off of the the best offer Okay, an aggressive market sell is a red dot here on the on the best bid Okay, so we're we're showing you all these details now We can continue to zoom in to an area and let's look at this Transaction here. We see this pie display Well, what's occurred here is so many transactions have occurred so quickly That we're giving you the overall understanding and delta of the volume that traded here So it's mostly aggressive selling as we can see because it's mostly a red But there's a sliver in that pie display that's showing us that there's some buying in here as well So let's hover over this dot and start to zoom in and now we can start to see Exactly what transpired here now. There's a little bit of latency here because we're we're going to start to drill down into Well, right now we're looking at a millisecond. So these are thousands of seconds Okay, we're going to start to zoom in though And we're going to look at some of these areas and note how I'm pulling apart all of these trades And we're showing you every single event that took place here in the market. Okay is all recorded in book map There's no aggregation here whatsoever Okay, and you can use the data tip tool and we can see this was for a volume of one Okay, I get the date the time What was on the ask here at this price level of 6066 and then the volume as well Okay, so now Note that as I start to zoom back out though, and I compress that timeline together Okay, I'm just visually or book map is just visually aggregating this into a bigger dot Okay, and we can hover over that and it gives me volume of 48. That's what occurred here All right, so and I continue to zoom out Okay, compress that timeline more and more we get the overall feel for it because we're not trading at nanosecond or microsecond level We're trading off of higher time frames, but we get the overall shape and understanding of what occurred here Okay, and that's a tremendous advantage and it's an advantage also over your footprint charts because Footprint chart is going to be similar to that candlestick chart. It's going to aggregate back and forth within a time period or maybe a price rotation Okay, so it just might rotate back and forth for quite a while until either time is up or the Rotation breaks The inputted amount and then a new candle will form instead here now We can understand really what occurred and how price was Accepting down here in a micro structure and then look at how the buyers came in and broke up to the upside and traded back into this range up here Okay And and we see it on as we start to zoom out more and more Putting all of the pieces together here. Okay for all of those little structural areas and these markets are fractal So now we have an understanding of what occurred in some of these structures Okay, and that's the advantage that you're getting here now You may think that well, you know, that's that's fine I don't really need to see some of those structural areas But like I said, these markets are fractal and you're going to see the same patterns we repeat again and again But you can get in here quicker on some of these trades if like for example, let's say you are looking for a reversal at this point okay, you know, you'd be looking for maybe The aggressive buying to come in here. Okay, and it did and it pulled back to where where the aggressor Broke this this little structural area here pull back here move to the upside Okay, the aggressor is buyer is now in control here. Okay, only up to this point though Okay, and then the sellers come in and they really start to hit the bid In this area here and pull price to new lows Okay, so anyway, you can you can really see the details here or you can zoom out and see the bigger picture All right now, that's just the volume we can also show you the The the historical best bid and offer and you know to understand the The dome, okay, and it's an important part of the order flow. It's not just traded volume And why is it important? Well, let's zoom in here to the current market right now And here's our dome and book map this C O B column. Okay current order book best bid and offer right here Depth here on the on the offer depth here on the bid these are traders lining up providing liquidity They with their limit orders. They want to deal at these specific price levels. That's how the market works We want to understand this this this auction here Well, look at 6080 up here pretty high liquidity. Okay, and it's the highest in the book right now Okay, now as these numbers change though, we lose this data and that's a problem Okay, because we now we don't know. Well, you know, what was the liquidity up here at 68 60 80 Well, it's it's been it's outside of the limit order book at the moment. So it's historical And we'll have to remember that area and that there was trading interest up here. Okay previously And that's you start to have to remember quite a bit and it can be pretty taxing To remember all of those zones that could he was there before and the areas around it and how they're behaving Okay, and now instead what book map does to solve this issue is we take these this liquidity here Okay at 6080 for example, and we paint it into the heat map okay in this window the live window here best bid and offer okay and And you can see that we've painted it with The heat map and is is brighter up in this area here To show that high liquidity. Okay, and we can see down here at at 76. We have a high liquidity on the bid All right, so now we have an understanding of it of this limit order book just graphically All right, so when when it liquidity is pulled it turns darker when it is And when liquidity is added it turns brighter. Okay, just like you can see Where it gets interesting as we take this data and we record it and to the left of this vertical white line here It is projected onto the chart Okay, so look at these areas here and you can start to understand how they're starting to behave here on the offer And on the bid and we get the intent of these traders and understanding of the context Of their intent to trade at these at these price levels. Okay, if they start to pull liquidity Well, they're not too interested if they stay in the book and we trade into it We know that they have the intent to trade. Okay, as you can see here We're starting to judge this 6080 area And you can see that look at one tick below They started to pull that liquidity as price came up and now we're kind of test right into it Looks like okay, we'll see if we get the test now. I we probably will And I will see if these guys stay here or pull or we get a combination Right or maybe just we see the aggressor the buyers They don't want to take on this high liquidity. They don't think that it's going to go higher So they stop buying and we get exhaustion. Okay, that's another scenario that might play out The moment that is playing out And we see sellers start to jump in on the other side here If that's the case and sellers get in control here, we're going to come down and test this 77 level All right, so anyway some scenarios to understand now look at them bidding up here at 78 Okay, so they're bidding at a little higher level here All right, so the auction has changed So maybe we'll get our test into 80 now All right, we need to get those aggressive buyers in to jump in here press price up into this area But now we're getting an understanding and putting together the transactions as well as Understanding the liquidity in the context of both the traded volume and the auction All right Okay, any questions? It looks pretty good here. We're going to test 80 You know we can see higher highs here and more volume trading up at these higher highs Okay, that's indicative of you know trending market here We go trading into 80 right now Okay, and we're starting to answer that question. Did they did they pull or did they have the intent to trade? Well, they pulled most of it. Okay, some of it remained and we traded right into it here Okay, here we go again. We got a little bit of a Retest of it. Okay, maybe 82 now. Let's see if we can get up to 82 Okay, now note note how what just just occurred here. Okay We see now this is shorter term We're making a distinction as well between some of this longer term liquidity and this intended trade and this shorter term liquidity here And it does not have the intent to trade. It came in here. Let's stop for a minute Use the hover over tool and look at we went from Over here 22 contracts to boom 92 contracts high liquidity and it's only in here for How long? You know C480 to I mean like 300 milliseconds like a blink of an eye basically, right? it's only in here for a very short time and It it skewed the the auction here. Okay All of a sudden there's a lot of supply here And then it pulled though so it had no intent to trade whatsoever This is fake liquidity Okay, and finally we get a little bit of a push to the upside here. Okay 82 still on the chart here All right 102 contracts are sitting up here if the if the buyers want to take them on Okay All right. Well, that's what book map is showing you And now we have a complete picture of what's going on in the market Right, we're not looking at a derivative here We're looking at really a very objective view of the market. Okay. We're showing historical best bid and offer Which also shows a spread of course, but then we're showing the volume in the transactions Okay, where they took place how much overall shape of it? and Yeah, you know the how quickly Or slowly it might have evolved here Okay, we're showing that and then we're showing you the other side of the market where they're lining up to to trade Okay, and so we're seeing the the complete auction here and that's a Pretty pretty nice view of of the market and understanding Look how they're bidding up here at this area between 77 and 78 at a higher area All right, I've seen a lot of stuff There's some volatility in this in this market at the moment. Hey, we can start to read look at the layering in this area here Okay, every other tick. We're seeing high liquidity Okay, this is pretty indicative of the actions of larger players. Okay, they'll spread their Liquidity out over Every other tick like this All right. So anyway, we're starting to now Comprehend not only the liquidity where they are, but what kind of players they might be right all right guys, well, let's wrap it up and That's that's book map and you might want to take a look at some of these new videos for example the Context of liquidity and volume in a trend and some of these new features and components It's the aggregate numbers that you see here for the last traded volume. Okay. It's a nice feature It's been highly requested and professional traders Look at this to understand areas of absorption exhaustion and And potentially trapped volume just by the last traded volume here Okay, in the way that we're now displaying this with the aggregate. All right Anyway, I would encourage you to watch that video and understand what these numbers are signifying. Okay All right. Thanks for coming and we will catch up with you next time