 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 For more information go to bookmap.com The product comes along with education. So you get a bookmap educational course. It's a four-part course Each part is an hour long And then there's follow-up every day in an advanced order flow webinar. Okay, so it Supports the content from the educational course But you just get to see it in the live market. So learn about bookmap And then see it in the live market Okay, so let's take a look at the website here quickly and Just go through it Okay, just to scroll down. You'll see the intro video here a couple minutes long a bit further down information about bookmap and NASDAQ total view, so we also connect to us equities And then a bit further down. So let's just define what bookmap is. Okay, we are a visualization software Trading platform. Okay, we are not a data provider. Okay, you will need to provide your own data except for the cryptocurrencies at the moment we connect to G-DAX and We have an offering that allows free connectivity Okay, so you can see there's some other platforms in here as well like Ninja TTX Trader Pro and Interactive Brokers Traders Workstation We're a platform just as they are so However, we connect via the API of these popular trading platforms So you can connect that way if you want Else yeah, and we recommend this connect directly through Rhythmic CQG gain IQ feed transact or dev experts for that NASDAQ total view. Okay And you'll get a little bit better or cleaner data Okay, so a bit further down Here are the packages available. There's monthly and yearly if you click on yearly here okay, and There's digital and global. Okay, so let's go through the differences. Okay, the digital one here There's it's a free version no credit card required You only get to access one digital currency at a time now it is real time and it is a full A version of book map. Okay, it's just that it is a It's very limited. Okay, it's also limited support and you only get basic education Okay, digital plus is you can look at 20 Different digital currencies from the G-DAX exchange. You can also trade from the chart You can also record and replay your data And you also get access to the advanced order flow education that I was describing Okay, you also get full support a global. Okay, so connecting to futures and or us equities Then then the global is the way to go. Okay, so you get everything in digital plus you get connectivity or Support for futures and us equities. You would you just need to provide your own data. Okay, I You also get the education and full support global plus is everything in global, but it includes this host of Add-on indicators that we put together. So one is the ability to trade right from the chart, which is a nice advantage Because you can hide Your orders behind high liquidity if you want or front-run high liquidity if you want to Look for a higher probability of a fill And then these proprietary indicators that we put together are for the order flow Understanding the order flow starting to identify specific players holding large Areas of liquidity imbalances here or if they're starting to get filled In specific areas using icebergs. Okay iceberg orders And that's the other global plus now if you want to complete a breakdown you can click here And get that if you need a data feed you're new to futures as well You can get a 14-day trial of many of the data fees if you click here if you have other questions you can go to our FAQ section here Okay Let's see social media. You can follow us here at bookmap underscore pro Get up-to-date information about what's going on. For example, you can see the CME due to the volatility here is now raising the the Initial margin, okay And then here on the bookmap YouTube website all sorts of videos here. This is for the basic education I would recommend watching these intro videos to start with then go through some of the features and components and then get into the Order flow video snippets that you see here. Okay, there's all sorts of stuff here These concise videos just go through the concepts Very quickly That we go through in detail in that advanced order flow webinar. Okay, that starts in about 23 minutes All right Okay, let's take a look at bookmap and what's going on We'll take a look at the S&P 500 and Right off the bat See all sorts of stuff going on High liquidity up in this area here right into it and we can see that a lot of transactions. So this liquidity Filled there's going to be and we can see why the market reversed up here. Okay, this is this is the beauty here. This visualization is Fantastic Why did why did we come up to this area? Why did we reverse? Well because it they absorbed all the all the buying pressure with high liquidity Okay, and we're starting to come back down to where find high liquidity here Okay on the bid and it's at 2700. Okay, the big figure here So that's what's going on Currently now if you're new here, you know, what are some of the things I'm talking about? and Understanding, you know this heat map here It you know starts to look kind of complex like a lot of noise is going on here in the chart It's actually really straightforward data. There's only three elements on this chart Historical best bid and offer The volume that traded on that historical best bid and offer with these dots Okay, and then the liquidity heat map. Okay, you see here with the orange and yellow and white colors And that's it. That's all there is on this chart Now we do have some an add-on indicator. I'm going to take off here the iceberg detector. Okay So For those of you who are new here, okay And it looks like there's a couple guys here that are new So I'll go through it rather briefly because there's a lot of guys that are not new here So we'll get into maybe a little more of the basic understanding of order flow And but just go through what you're looking at here in book map. Okay, and some reference. Okay, so we're going to refer to a candlestick chart Okay, here is a five-minute candlestick chart All right, and let's take off all the rest of the data here and just simplify this and we'll go through it Okay, here's your five-minute candlestick chart. Okay, we all know what this is is these are transactions I mean, it's open high low and close of transacted contracts For a five-minute aggregated period Okay The problem here with this candlestick chart is the aggregation Okay, it just goes back and forth and back and forth within a five-minute period Okay, we want to know the details of what happened within that candlestick Okay, and we don't have it here and we don't know it's it's very opaque It's totally hidden here We also want a lot of insight to understand Like this is a breakout of a range here basically. Okay, it's trend continuation, but it broke out above this kind of swing area here and We want to understand the volume that traded in here Okay, obviously it's it's an up candle pretty pretty strong breakout. It looks like But we're the majority of the players. What kind of volume is it? you know When exactly did it trade? Okay, we want to answer all those questions and we can't right now because we don't have the data and so we're going to Activate a lot of the features here and start to show how we're Appearing within this five-minute period here or any of these periods Number one thing here is just to turn on this historical best bid and offer and it's a really simple thing to do Just best bid and offer. That's it And just record that but look at the micro structures. Okay, this is where you're gonna see so much In and gain insight Is look at look how it broke. Okay. Here's we see actually a couple many different structures here And it's all disguised within this five minute these five minute periods here But there's like a little structural area down here. Here's we kind of based sideways. We broke out came back tested right here Okay, where we where we broke from and then continued on up Okay, and then actually test it again the bottom of this structure and then we see the breakout Okay, none of that detail is within this candlestick chart. You just you just don't see it So you don't really know who's in control Okay, because it's aggregated aggregated data and it's it's it's just not giving you the truth It's it's hidden. So let's turn on the volume now And we're gonna see the transactions within these microstructural areas Okay, and it's gonna give us a lot of insight here. So let's zoom into this area Okay And here this between here and here is five minutes. Okay, this is what really occurred Okay, we had a move to the downside nice cluster of volume at the wick of this End of this five minute period here Okay, and then we start to rotate back up and it closed here Okay, but right after that close look at the volume that started to pick up Okay, and look at the bind. Okay that lifted the offer here Okay up into above the little swing that you see in the microstructure here Okay, so here's your microstructure Line right across here. We broke down came back up tested and then broke down again Okay, and and then we came back up and traded and significant volume traded up above that area Okay, look at the volume here Okay, and look at what kind of volume it is. There's a lot of green within this area So let's zoom into this area and I'm going to show you exactly what we're looking at Okay, and how simple this data is these are only two elements on this chart Okay, let me clear the drawing just to make it simpler so we don't Get confused All right, so here's your best offer is this red line. This best bid is the green line Here the here's the volume here that traded on the best offer. Hey, this is aggressive market buy orders here They're taking liquidity off of the best offer Okay, they're not providing liquidity. It's not like in the order book where they're providing liquidity waiting to trade at these levels They're not waiting here. That's why we consider it the aggressor they crossed the spread and they They traded up here. Okay, and they took liquidity. They didn't want to wait and That's what the the the green dots are the red dots are here. That's aggressive selling Now we can zoom into these areas here and with the S&P especially We can continue to zoom in and we can start to break apart every single transaction as you can see here Okay, it's not it's not aggregated. None of this Data is aggregated. We're down at microstructural levels here We're looking at millions of seconds and yet we're showing every single market event that occurred Okay, now we don't trade at those levels Which is fine as I zoom back out note how just graphically we're going to aggregate that data into a bigger Bigger and bigger dot. Okay, so that's what you're looking at in book map with the volume and the historical best bid and offer and as I zoom back out Okay, and let's bring up the dot size just a little bit. We start to note. Look at these little areas a little little Two Let's go a little bit higher here. Oops Okay, so here we can start to see it like these little areas down here. There's no selling Okay, there's a little bit of selling here, but look at the buying up here Okay, I mean very clearly the buyers are are are in control of this area here. Well, do we see the breakout here? Actually pretty nasty little swing back down, but then the buyers step right back in and then lift the offer This is the kind of insight that you're getting between this to these two five-minute candles here Okay And it's important to know. Okay. Look at here's our pullback here as well back to where they were originally buying here Okay, so let's take off the candlestick chart now because it's not it's not really telling us much So here's that pullback right here Okay And you're gonna see this again and again All right, so those are only two elements now and we're still getting amazing clarity here With what's going on within microstructural areas and who's in control in terms of volume Let's add the third element, which is the heat map Okay, now this heat map what it's showing you here is a graphical representation of liquidity In the in in the market Okay, so let's go to the current market and I'll I'll describe this Here in this C O B column here. Okay, this is the live market It stands for current order book you can see the these these numbers here They're contracts at specific price levels in the S&P. Here's our price ladder here and Each tick we see how much liquidity is at each level all right now For those of you looking at a dome. We're all accustomed to it You understand what the dome is and a lot of traders will say that this is you know, well, you know I don't really give much Credence to levels of liquidity because there's a lot of fake liquidity they pull etc Well, that is true however it is Also true that they'll stay in the book To get filled at these price levels because they want to trade and they need to stay in line To execute. Okay, if they want to trade so we can make a distinction between Real liquidity and fake liquidity very easily and therefore you're able to utilize your dome Okay, you're able to utilize that limit order book now and Understand what what you're looking at. Okay, so for example, we just came up and traded into this area here Okay, let's take a look at it and we can answer this question Okay, they stayed in the book here and they started to trade into it. Okay, some of it was pulled But we can use this data tip tool here. There were 500 contracts here We get the date the time and what was on the ask at this price level 510 Okay, we trade in into into it with 57 right here Okay, and then we go down. They start to pull some And it's down at 375 now Okay, and then that starts to trade. Okay in the end All of this liquidity lined up here. I can look over directly at my Volume column here 348 traded out of those 510 that were here Okay, that is factual data. So we know that larger player was getting filled up here Okay, and some of it was being pulled but it was a lot of it was actually Transacting we just made a distinction between real liquidity and fake liquidity. Okay fake liquidity would be something like Let's find a better example Well here Note how we're coming up into this area here and they start pulling. Okay, they actually start pulling back here from 226 contracts back down to about, you know 213 and then it's down to 165 150 133 okay, they have no intent to trade here. Okay, there's your distinction. All right Now where that's a benefit is when we start to zoom out Now we can utilize our dome on much higher time frames because we record it We take that that data here and in this window which has this window here to the right of this vertical white line We take the data in the in the limit order book and we paint it in the heat map Okay, and this is your best bid and offer right now and this number is the last traded volume So paint it in the heat map you can see where they're staying in the book here at this 15 level here with a thousand contract over a thousand contracts. Okay, we're coming right up to them Okay, and we'll see if we we get into them and we'll see if they're real or not Okay, they may pull and they may go up to 218 instead Okay, we'll answer all those questions we when we get up there and that allows us to really understand the context of the market Okay, not only of the aggressors lifting the offer here, but of those willing to sell at these levels in the auction Okay, and we can see then how long these guys stayed up here Okay, this was a pretty important level at 15 not only do they transact up here as we can see they're back in the market here They want to sell again Okay, that's giving us a lot of insight to this level is is is being pretty important here All right, so that's that that third element and you can see how we can now utilize our Depth of market our dome on much higher time frames. So here they are down here at at 2700 on the offer And they're on the bid here at 2715 and then 18 above Alright You need questions Right. Well, let's go through a couple. Oh, there's a question here. Oh Yeah, Rick. It's the same stuff in the ym Absolutely You know, we I don't have the ym up here. I have the Nasdaq. I have the Russell. I have oil I have gold. I have the Euro dollar You know, that's that's pretty much it I think But let's jump over to to crude oil and we just had it in oil inventories as well so I can I can show you what the understanding really, you know of liquidity and Why those? Economic releases are so volatile Okay, so here's crude, right? Look at the liquidity here in the book Okay, we're looking at now. We're in the tens of contracts high liquidity is up here at 6250 with 150 contracts Okay, a lot different. Okay. We're also down here with a hundred seventy one at 6225 enough volume for ym Since Russell trades for your contracts Well, it you're just going to use the same process just for a different market I don't I don't know if I'm answering your your question. I don't quite understand it We can take a look at the Russell if you want Okay And you can see that look at how they're behaving here in the Russell It's a lot different and we're looking at much thinner market now. We're in the tens of contracts High liquidity is 23 contracts up here. Okay, and look at how this thing moves, right? Moves rather quickly Okay, it's because of there's less liquidity Okay, when there's less liquidity you get more volatility Okay, really thick markets like the S&P, you know, they they don't move as quickly And it's not a bad moving market But if you look at the bonds for example with really high liquidity there it, you know You're looking at just a few ticks Whereas this Russell, you know, we'll move several ticks several points Okay, I answered your question. Yeah, but you can still use it. I mean is all the data is still here You'll just have to Apply it to your market. I mean here this this behavior here. Look at how they were Just you know lifting the offer in this area here Is giving us insight we're coming back and we just tested these guys here, too Okay, but if they're you know, this is where they started buying if they're if they're if they mean business They're gonna start buying again here. Okay, I don't see them getting out of the trade In fact up up in these areas here so You know if it goes against them, they're gonna be caught on the wrong side and they'll probably cover down here right around this 1512 area Okay, so, you know, this will be trapped. They'll be trapped volume here if they if they initiate their initiated their trading here Else, let's see. This is their this is their chance right here to lift the offer up into 15 15 And let's see if they do it. Okay I'm not seeing a lot of volume here trading on the at some of the peaks here. Okay, so I'm reading the order flow I'm reading the tape here. I know where the high liquidity target is up here, which is only 18 contracts, but Anyway, so we're rotating back and forth here All right Let's see if maybe maybe they're waiting for a kind of a break of the range here And then maybe they'll initiate buying again and try to lift the offer up into these higher areas and test the the high up here, which is 15 and a 15 30 Okay Here they come All right Okay, we got to get up here. That's where the high liquidity is now see now now They're starting to lower some some of that liquidity And then they're pulling here so but this guy's been staying in the in the market here at 15 And so that is the target here Okay Back up to the top of the range. We need to see follow through Right here right at 1380 And a nice cluster of buying for this to Lift up out of this range here Okay, that's what we're looking for But look at how slippery it is it just keeps, you know, it'll it'll just move very very quickly and And they start pulling down at these areas too. So, you know, here's your intent to trade look at these areas here They're you know, they're not trading Right Okay, so now we're down below. Okay, the swing here You know, maybe these guys are gonna, you know, if they're if they're initiating here They're probably getting stopped out down here or some of them for sure Okay And down at the bottom of a range we can start to look at you know some Auction market theory you're gonna find your responsive buyers probably right here as well Unless we unless we see a lot of selling here Then we're gonna rotate lower and start trending lower else We're gonna find responsive buyers trade it right back into this range here And then probably get to the other side of this range now Okay, that's one scenario here. We got to get above the point of control which is at this 13 area here and we're already above it Okay, so here's your responsive buyers lifting the offer now it looks like we have a good chance at coming up to 15 15 15 Come on guys, let's it's it's not gonna take that much to get up here They just they just you know, it's it exhausts out here. It's exhausting out yet again here, right? I don't see any buying here Okay, so this is moving really quickly as you can see but Let's see if they bounce off the point of control with 193 contracts that traded here. That's exactly what happened Okay, so let's get up to 15 now. This is their chance Not necessarily finding responsive sellers. We're just finding a lack of buyers Okay, we might find response some sellers down below that point of control here and try to drive it down Here they come now System it's a battle at this and you can see what's going on here, right? This is why auction market theory we cover it Here's your single distribution and that's what's going on here. Okay all right guys, oh anyway Some some good questions there rick. Thank you. Um, let's uh end the webinar here and if you're signed up with you know book map global or global Plus then we'll we'll see you in the next webinar. Okay. All right guys. Thanks. Bye. Bye