 Okay, welcome to the Bookmap Platform webinar, and we'll go through the details in the platform, answer any questions that you have, and understand what you're looking at in Bookmap and how to start to leverage it in your trading. Risk disclaimer, trading equities and futures involve substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Reach out to us at support at bookmap.com. You can go to bookmap.com for more information, you become a member there, and there's lots of free resources. So let me show you where you can find Bookmap, it's here on the home page. And I should cover as well, there are two separate webinars now, and we've made this decision to have one webinar that's open to all traders, and this webinar we're going to go through some of the details in the platform, some of the live order flow, and then answer any questions that you have about the platform. The reason being is that the structure we had before was starting to kind of slow some people down. They would come to the webinar and want to learn more about how to integrate Bookmap within their trading, and instead they're getting bogged down within just going over some basics in the platform. So those that are in trial or are customers or subscribers at the moment, then in half an hour at 11 Eastern we will have the second webinar. It's only open to those in trial or those current customers, so that way we know we're reaching the right group to go over more advanced features and then how to integrate it in. So you can attend both if you're in trial or you're a current customer, but this one is for all traders. So you understand what Bookmap is and how it can give you an edge here in your trading. So let's explore here and we'll come down and come to the pricing area here, connectivity and pricing. So there are two versions of Bookmap. There's the basic version and the advanced version, 49 per month, 99 per month build quarterly, and for each of them you get a 14-day trial period. Now there's also these two here that are package deal with DX feed. So you will need, if you are connecting to futures data, then you will need data provider. They are listed here for connecting Bookmap. You can see them all here. And there are also partner brokers that we have as well. And the DX feed is just a partnership we have with DX feed and this will allow you access to U.S. equities. And you can get the DX feed with the basic or advanced. It's just that you would purchase it separately. And here you get a little bit of a discount with the package deal. The differences between the Bookmap basic and advanced are the add-ons and the one-click trading here for the most part. There are some other differences as well, but those are the big differences. Bruce, the second session is recorded. In fact, I need to send an email out to you guys for that recording. I recorded it yesterday as well. So that's where you can find Bookmap. Give it a try. If you log into Bookmap in the portal, you will have access here to all of the components and features and education, the video snippets, recorded webinars, et cetera. You can also find them here on our YouTube page. There's the features and components here in the playlist, the order flow video snippets, which are very short, concise videos that go through the phenomena that we see here daily in the webinars, just a very, very concise version of it. You can also see here the educational course that we put together. Parts one through four. Highly recommend you go through that. But do this when you're in trial. It would be more beneficial for you when you're in trial so that you can start to play around with Bookmap at the same moment that you're learning about what is showing you and how to use it. Recorded platform webinars are here, this webinar. And then you can see a professional trader here. Futures Trader 71 has some videos as well. You can also follow us on Twitter here. OK. All right. Well, let's jump in and take a look at the S&P, I guess. I mean, we have some movement here in the charts. You can see the bonds are going crazy to the upside here. Gold as well and the Euro. No, the Euro is not really moving. And let's see. The ES sold off, but it's kind of hovering now as well. And the NASDAQ also sold off, but it's hovering down here. And it did not make a new low. So that's surprising. And the oil as well also sold off. OK. So write down where you can see yesterday where it broke from to the upside. OK. Same with the ES and the NQ. All right. So yeah, let's take a look at the ES. That's fine. And all right. So here's the book map chart. And let me go through the basics here. And I'm going to. Are there a lot of new traders in here? If anyone can let me know here who's new to the webinar here. Would love to love to hear it. OK. Bill, welcome. OK. All right. Yep. Jason, OK. And John, excellent. OK. All right. Well, welcome. And so the reason I ask and we go through the basics here, this is exactly the intent to show you what book map is displaying. So we're going to start with this candlestick chart. And we're all familiar with the candlestick chart. We have also a volume subpanel here. OK. So this is a five minute candlestick chart of the S&P. You can see the open here and the volume that picked up. Immediate drop. OK. So this is open, high, low, close in a five minute period. So we're all familiar with that. But there's a massive problem here. And that problem is there's so much data here that we're just not seeing. And looking at maybe some wicks and how these periods open and close, it does give some insight. But it can be so erroneous. You're basically looking at 5% of the data here in the marketplace, just with this view. OK. We don't know about where the volume traded, how much, what type of volume. We have our subpanel here. That's good. That's helpful. But we have no idea where the traders are on this candlestick chart. OK. We just know the period. And that's a problem. OK. So let's start to layer on some of the information. And I'm going to just start with the best bid and offer. OK. And you can see it now here. This is the current market window. The dash green line is the best bid. The dash red is the best offer. And this number here is the last traded volume. This section over here is the dome. And then you can see everything to the left of this vertical white line here is historical. And right on that line, we can see that this one candle is now forming, is following that best bid and offer. OK. So now, just with the best bid and offer, it's already we get more insight. OK. So let me expand the chart a little bit. And you can quickly zoom in book map. You can use the tools up here. But you can also just use your center mouse wheel. And you can very, very quickly zoom in and out. OK. All right. Patrick, welcome. You're new to trading as well here, to book map. Yeah. So you're interested in trade of eight. Well, I think with trade of eight, they offer the two fold, you can get the desktop along with the web version. OK. So you might want to inquire with them. But the desktop version will be with CQG. OK. And I believe that allows you access to the web version as well. All right. OK. So historical best bid and offer, we can see it here. Now we're starting to understand a little bit, a little bit more. We're starting to understand and gather some information on some of the microstructure about how price started to pause and go have a retest here, and then drop down, and then kind of test back up, and then drop down again. That's what was inside this candlestick. OK. But we still don't know the volume. OK. So that's the issue. We can just see the volume here in the subchart. OK. And we have no idea what type of volume. And that's going to be critical. So let's turn on the volume dots. OK. Now let's make these just a little bit bigger. OK. Just give a little bit of size to it. OK. Now we have a much more complete picture. And this is just the volume alone. And it's very much like a footprint chart. OK. You can see where the volume took place within the price action at the price levels. OK. And you can see the circle size here is basically, it's a graphical representation of those numeric values in a footprint chart. Now you can get those values with the rollover tool, just hover over the dot, and you can see how much volume is trading here. You get the date, the time, what was on the ask, and the volume at that price level. Right. And there's another zoom trick here. Let's click on the move tool here, the hand icon. I'm going to hover over this little area here, and I'm going to zoom in. I'm just going to use my center mouse wheel. OK. So now we can really see what unfolded within this. And let's go actually a little bit further. OK. So each vertical dotted line is one minute. And then our five minute period is here. Now we have an understanding of where the volume really took place and where the traders are being committed or committing themselves into this market. OK. And we can see that it's a battle back and forth here. There's some buying and selling. It's pretty equal. The pie display here, let me zoom into this area right here and show you what's going on. OK. The pie display is just that so many trades took place here so quickly that we don't have enough space in the pixelated screen to show it to you. So we just give you the overall size to give you the reference to how much volume. And this was over 1,000 contracts that traded. And I can continue to zoom in though. As I continue to zoom in, notice how I'm breaking apart all of those trades. OK. So now we can see really what constituted that trading activity. And this is just millisecond level. And still, we can see algorithmic activity here. Hitting the bid pretty hard here, then hitting it again here. OK. Not the most mechanical here. I mean, we can see other examples very clearly. But anyway, you'll see it all the time here. And now, as I start to zoom back out though, note how I give you the book map gives you the overall here of this volume dot. So you can understand really what happened here. And it's like basically 2 thirds of this was selling volume. And 1 third was aggressive buying. You can see by the dots here an aggressive buy is a market buy. Someone hit the Market Buy button. They crossed the spread. That's the aggression. And they took liquidity off of the best offer. And the red is they took liquidity with a market sell on the best bid. All right. And as I zoom out, you can see we just visually aggregate this data. All the data is still plotted. Each event is still plotted. So for those of you trading algorithmically or mechanically, you probably will be zooming in here to really check out what. Look how we can just take apart all those trades. And you can understand what occurred in this area here and see how your algorithm is behaving. That's actually why book map was developed in the first place was to test algos. Anyway, but we give you the overall when you zoom out. So you have an understanding just by visuals here of what occurred. So without a doubt, I mean, the majority of the trading took place on the lower half of this candlestick. And that's insightful. We can also see the type. I mean, there's a lot of buying. But then the selling picked up right down in this area here. We're probably going to see a lot of absorption here. That's the next thing to go over. We've got the volume. We've got the type of volume it is, the size, and the location. And now let's go over the auction process, the intent of the traders at these areas. And that we usually see in the dome. Now there's a problem though with the dome. This is the book map dome here. And we also have this is the dome here in bar representation. And then we have some volume columns here. And I've split that out. But let me right click and aggregate that back together. All right, there you go. All right, so the dome here, this is your best bid and offer. And then you can see the depth here on the offer and the depth here on the bid. And what's beyond these two white lines is historical best bid and offer. We don't know until we go up and refresh that data. But this is the lit book in this area right here. 10 deep on the bid, 10 deep on the offer. Now the problem here is if you trade the dome, then you understand that there's a lot to remember here. And you're just going to have to do it mentally. You're going to have to remember these areas. You're going to have to remember the high liquidity that was there. Did they pull? Did they stay in the book? Did they get filled? What about the areas behind it or in front of it? Were they less bearish? Or were they bearish or bullish depending on how they behave in that area? And then what about on the bid? Were they pressing going the other way? And then you'll have to remember those areas when price returns back to those zones, those price zones. So that's the issue here because you can see as I scroll forward, the numbers change and then that previous number is gone. So we don't have that recording of that data. And that's where Bookmap can help you because we can turn on the heat map here. So what the heat map has done, and let me go back to the current market here. So I want to show this window here. In this window here, the current market window, you can see there's this gray scale heat map. And the liquidity here is higher when it gets brighter. So these are very bright areas down here, 1,600 contracts. In these areas here, they're starting to get bright here at 1,400, 1,1443 over here at 72. So we're getting some insight here with the high liquidity. Now, you can change the heat map to configure it in any way that you like. If you want to look at little brighter areas, well, you can do that and just play around with these. And you get a lot more insight here potentially for you. Little flip of the book right there, notice that. And high liquidity that was here on the offer has now flipped over to the bid on 71. And we see aggressive buying here. These guys are going to be trapped down below and try to run the stops maybe up above here into 73. Anyway, a quick analysis on that just because this popped in like that. And it's nice to see that phenomena. It's just great, great stuff. Anyway, so now you can start to gauge the intent of these traders bidding and offering, providing liquidity. And let me bring down that setting a little bit. So we just want to target some of that high liquidity. And the reason being is the high liquidity usually, these are the longer term players that stay in the market and they mean to trade at these levels. Now, that really depends though. But we can still gauge their intent when we come up and trade into these areas. So a lot of traders, they say, well, the liquidity here, it's all fake, you don't know. Well, that's not necessarily true. I mean, it's a FIFO market. First in, first out. If you want to get filled with large size, you're going to be using limit orders or hidden orders. And you're going to be waiting at your price level. Because once you start to hit that market buy button, you're going to be driving price against you. Because you're going to be sweeping all of the liquidity at each price level. So you see a lot of absorption with the larger players like down in here. And this gives you a lot of insight to what's going on. So let's zoom into this area and let's see. Did they stay in the book or did they pull? A lot of it pulled surprisingly here. But we also see the transactions that took place. Now I'm going to turn on the one more layer here, the indicator display. And I'm just curious, because every time I see large players like this starting to pull liquidity, but you see transactions, I'm looking for iceberg orders. And actually, I don't see many here. I'm surprised. I was anticipating seeing quite a bit here in these areas. But maybe a little bit lower. Really, the icebergs were actually here beforehand. 626 and 191. And there is a 107 here at this level. So anyway, now we're starting to understand the intent of these traders at some of these levels. A lot of transactions, a lot of sell side. But look at all of this volume here, and it moves price like two or three ticks. And then we go sideways for a bit. And then we can see that they're starting to lift the offer with some volume on the other side. And then what that leads to is what we just saw here. We did get one more little rotation here, and you can see the breakout here. So anyway, now you've got a complete picture of the limit order book. You can see where they're bidding and offering and their intent. These guys up here, did they stay in the book? No, I mean, they were one tick away and they started to pull. As you can see, as they got darker here, that's what these striations represent. So if I hover over here, it says date, time on the ask, 1,400 contracts, 1,432. And then if I just go over it into the darker area, they went down to 1,377. And then they bumped it up, 1,408, and then back down to 1,373. So they don't really have, I mean, they're still staying here until this point, but they are pulling as well. And that's showing kind of bearish behavior. All right, nice iceberg here, as you can see on the best bid. And then we saw a couple other little phenomena that we go over all the time. And that is the flip of the book. They were here on the offer, they flip over to the bid, and here they are aggressively again on the bid. And we saw it here as well. This is a better example right in this area here, 1,500 contracts, and they're pulling. So I'm still anticipating movement to the upside, and I'm targeting, well, we originally were targeting 73, and we're already there. I don't know, let's see, where is it opened here? So if we continue to the upside, then I'm looking for this 76 up here in this area. And you can already see traders lining up, providing liquidity there. Okay, so now we've got a complete picture of the order flow, not just the transactions, where they're taking place in the tape, and what type of volume it is, and who's winning the battle, and the speed of the market, all of these important distinctions that you really don't see in a candlestick chart. And well, you don't see it all. I mean, there's some speed here you see in a candlestick, but you don't, this little micro swing area here, you don't see that, right? It's lost. You get all of that here. And why is that important? Well, because what usually occurs here is we trade in ranges, and then there's a breakout of that range. And then it's usually between high areas of liquidity, okay? High areas of liquidity here at 68, and then it was up here at this 71 and three quarters. Then they got aggressive here, and actually started to press down on price. Looking to me, like, you know, now this is the distinction here. And we covered this just the other day, yesterday and Friday, I believe, or Thursday in good detail. About making that distinction between that longer-term liquidity that has the intent to trade and that shorter-term liquidity that does not, okay? They're looking to skew the auction, okay? Slam in here with high liquidity, but only for a short period and then pull it, okay? When there is all of a sudden a lot more supply than there is demand, well, you know, price is probably gonna drift to the downside, okay? And in this case, who knows if they were successful or not? I mean, you can see them pulling right in these little areas here just perfectly. And then we see a big iceberg order go off here. This is kind of what I was looking for earlier, all right? But anyway, and then they get aggressive here, bidding up at a higher area, bidding up again, yet again at a higher area, and then we see that flip of the book. We are now in a new trading range up in this area, all right? Okay, all right. So I think any questions, what you're looking at in book map? I'm just trying to start off very simply, but you can see. And I'm not trying to get too advanced here. It's just, I'm just looking at the structure, the microstructure, how the auction is behaving within these structures. Are they adding? Are they pulling? I wanna understand their intent. And I'm also looking at where they're actually transacting. And that's basically it. And putting that all together. So in your dome, I mean, we still see 1,355 contracts here, okay? If we get a retest to this area, I'm very curious to see if they're gonna stay in that book and remain here and wanna get filled and support price in this new trading range. Okay, but we'll gauge that when we come down to it. Right now, they're staying in here. And we're trading between the high liquidity here at 71 and a half and 74. Okay, let's see, John. Does it also work on higher timeframe like 15 minute, one hour? Absolutely. This is a great thing. And I really enjoy it, although you can only see that while I open my book map here before 8 a.m. and we have three hours of data here, okay? So when you open up your book map, you start collecting the data. Now, you can collect it and keep your book map open all week. A lot of traders do that. And you have a week's worth of data. But absolutely, I mean, there are many traders looking on higher timeframes at this data. And let me show you why. Okay, we're just going to really target that higher liquidity here, okay? This is why, coming down to a level of their interest, they wanna see if traders are lined up. And you can see that here. Okay, off of this timeframe, half hour between each vertical dotted line here. Okay. And you can start to also gauge targets on that higher timeframe, 74, 76, all right? So, you know, you'd be looking at your trading plan. You'd be looking at, let's take the candles off for a moment. And starting to understand some of these areas that we pierced through it, but they lined up in the book down here. And then we can see them, you know, lift the offer here. We do get a pullback. And where do we get a pullback to? You know, we don't come back down and test the lows. Instead, we test only to this little, this high volume node here, this little cluster of trading here. That's where the initiated buying occurred. And you can see the sellers didn't take them on. And then again, the buyers here lift the offer pretty aggressively, okay? All right. So, that's the, one of the beauties here is that dome data now is useful on the higher timeframe. Now you can read the order book on a higher timeframe. And yeah, just start to understand how liquidity behaves, just like you understand how volume behaves. All right. All right, guys, well, let's wrap it up. We'll call it a day and we will continue on tomorrow and see you and if you guys are in trial, we'll see you immediately in the following webinar, okay? All right, yeah, thanks for coming. We'll catch up with you tomorrow. Bye-bye.