 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap a risk disclaimer trading equities and futures involves substantial Risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results Okay, the go to bookmap.com for more information. There's a free trial for 14 days. It comes with education you get the bookmap educational course and then you get access to the The advanced order flow webinars those start in about 25 minutes. Okay, so this webinar here we go through the platform details the basics of bookmap and Ask questions about the functionality and what bookmap is displaying in the next webinar Those questions aren't really covered or answered It's much more about the order flow and how to actually read the market using bookmap. Okay, I Any questions you can reach us at support at bookmap.com Let me show you Where you can go to find bookmap? Okay, here's our website click on explore That'll drop you down to the intro video here just about a minute long so you get an understanding what bookmap is and then There is more information here about bookmap as you can see Then we come down to bookmap for equities. Okay, we offer it through Nasdaq total view And then a bit further down connectivity. Okay, so you will need a data provider now Connecting to the Nasdaq is through dev experts All right, and then all the rest here are for futures All right, so we are a true platform just like a ninja trader or TT or interactive brokers traders workstation Okay, we do connect to the API of those specific platforms Or you can connect directly to your data provider like CQG or rhythmic or gain capital or IQ feed or transact Okay, so what you will need that we are a software platform. We are not a Data provider Okay, but further down This is where you can give bookmap a try. Okay, there's the 14-day free trial For bookmap basic or advanced bookmap basic It's 49 per month build quarterly Advanced is 99 month per month build quarterly the differences between the two Are the add-ons? Okay, so one is the ability to trade right from the chart in bookmap This is quite an advantage because you have the liquidity heat map in front of you and you can place your orders in a respect to that liquidity heat map, okay, and other domes or other Trading platforms, you're not really going to be able to see that So you can react very quickly with the one-click trading There's other proprietary indicators that we have here that are specifically for order flow understanding imbalances Understanding where larger players identifying larger players with the large lot tracker or iceberg detector And then we can also look at some of the correlated markets Okay, quants you have specific needs like connecting to your own data or your proprietary indicators you can click here and learn more Some of our partners you can see here And then you can contact us here at support at bookmap.com or there's a the telephone number here. Okay All right, follow us on Twitter at bookmap underscore pro and Get the most up-to-date information and retweets of other users And then you can follow us here on our YouTube page. Okay, so There is the some intro videos here In a playlist of intro videos and then some of the features and components you can see here And then there's video snippets. Okay, so I would recommend if you're new here to watch some of the intro videos understand what What you're getting here with bookmap And then some of the features and components get an understanding of you know What what bookmap is showing you and then jump into these order flow video snippets these go through Reading the order flow phenomenon that bookmap can uncover. Okay So bookmap and covers some pretty unique phenomena in the market And and these videos go into a little bit of detail. They're very concise and short But in the advanced order flow webinars we go through this kind of information in detail. Okay, all right So let's take a look at the market now that said them, you know, we have a short week here We're having the webinars Monday through Wednesday because of the US holiday on Thursday and Friday. Okay, it's the Thanksgiving holiday. So it's going to be a pretty low volume week in general So just let's be aware of that and let's let's take a look here at at bookmap Okay, I'm sorry. I wanted to I wanted a bigger picture view here. All right. So this was the Let's look at the Nasdaq Okay, so our bigger picture view was Then we can have to go to a one-hour chart Okay We saw some great stuff previously some week or week or so ago and then Some volatility here as you can see that the move to the downside and then we break this trend line here So we're right back into this huge range and we still are in that range this breakout here went to all-time highs and we I Can see that we've pulled back to where we broke from down here Okay. Now in the bigger picture, this is something we look at in the order flow So I do want to mention that right now because we're gonna see How fractal these markets are how these kinds of moves are just much bigger Picture of what we see in the order flow and we can see that, you know, we either had buyers Start to enter back down here that bought previously. Okay, and we're gonna see that in bookmap We're gonna understand what what's going on in this area here Well, actually, this is in the overnight session. So we won't so sorry about that We will start to see them around this area here where the cash session opened. Okay, that's what we're gonna be interested in and then But my point is that you know, we see the move here. We see that there's still buyers here Okay. Now not as many as before. Okay, but and we haven't come back up into this area here. Okay, so Let's take a look at bookmap All right, and get a feel for what's going on here. Here's our cash session. Okay starts here at 9 30 You see the quick move to the downside and then right back up And then, you know, it's kind of some sideways action here, but with a slant to the downside you can see that Kind of in this area here you start to see that we did make a lower Low here and a lower high And then that's definitely summed up here. So now now we are You know in a kind of a downtrend, but it's really kind of It's not the the strong trending market that a lot of times we'll see anyway, I'll cover that in some detail Let me just go through what you're looking at in bookmap, all right And I just get to the basics here. Okay, just a review of the basics and let me know if you have any questions happy to go through it anything that you want and Other than that though, I'm just going to go through the basics right now So everyone has an understanding of what we're what we're looking at here. Okay All right. So to do that We're going to take off layers of data here. Okay We're going to take off Volume we're going to take off the indicators. We're going to take off the heat map. Okay And we're just going to put a candlestick chart on here. Okay, because this is a view We're very accustomed to looking at it is a five-minute candlestick chart right and It's very simplified. Right, but there's a big problem here and there's a lack of transparency Okay, because we don't know We can see the wicks and we can start to understand Yeah, there's probably some buyers down here because of the buying pressure and the wick and then you see the follow-through to the upside here And you know, I like candlesticks I I don't have anything against them except for the that they aggregate the data here within a five-minute period of open High low close and that's the problem. Okay, we want to understand the specifics What happened without aggregation and and that's where book map can answer these questions Because we want to know for example, just looking at the traded volume. Okay, where did it trade? We see we see the volume sub chart down here But that doesn't give us an understanding of where it traded within this five-minute period And we also want to understand Not only that but what type of volume? and and how much Okay, those are very very important questions that lead to much more informed trading decisions Okay, that kind of clarity or transparency and We don't we don't see it here. Okay? so Book map solves that issue and we solve it immediately with just looking at the Historical best bid and offer. Okay, so there is no aggregation here. Okay, it's just best bid and offer Which is a real significant advantage here Because we can start to understand micro structure now. Okay, and that is a Nice a nice insight. Okay, so we can see that. Yeah, there were buyers down here Okay, but we're going to probably see the majority of them I would imagine probably around this area here in this little cluster of micro structure Okay, for example, okay, and then look how it traded here for a while It broke out of this little structure here. Okay, and then then the next five-minute candlestick period You can see the breakout and then where do we come back to right where we broke from? Okay, this information is completely lost on the candlestick chart. We have no clue of that We can see the move here to the upside. Okay, so just understanding that and here here again like here's another structural area we break from and We actually come out pretty high back into that area here We come back and there's a kind of a battle here. That's going to be in the most traded range here Okay, and that's going to be the point of control for those of you who follow the volume profile All right, and actually we can see it here. Here's our volume column and book map at 63 26 we kind of we do go above it up to 27 and a quarter But we can see that ultimately the the buyers lost control here and sellers took over All right, we're going to see all that though and just as soon as I turn on the volume dots Okay, but understanding these micro structures and understanding who's winning the battles in these micro structures Offers tremendous insight to bigger picture moves because it always starts on the micro structure Okay, and then you'll see how fractal these are, you know, for example just that This not not some great price action to see here today But kind of a return back to Yeah, I mean this is kind of where we broke from right here, right? But we still see that there's some buyers here So I mean we come up a little bit higher a lot of times if you break this low here That's it. You know, you'll you'll see that a price accepts only down below this area here Instead we get we get some buyers stepping in here. All right, so they're still buying pressure in this market But you can see that the sellers are winning Okay, so let's turn on the volume now All right, and let's get a feel for what's really going on here And let me turn up the volume dots a bit And get some insight here, okay, all right, so We were talking about here Starting to anticipate that most of that volume is going to be in this area and indeed it is you can you can see the quick Move to the downside, but this nice big cluster of volume here. Okay What are we showing in the volume? Okay on these dots? Well, we're showing the aggressor that takes place on the historical best bid and offer Right, so you can see that the aggressor here in these volume dots. You can see there's mostly red So it's aggressive market sell orders. They're hitting the bid. They're taking liquidity and sweeping the book lower Okay, that's how we move outside of ranges into new ranges is usually by sweep of the book The aggressive buyer comes in or seller comes in and they take all of the liquidity From that price level and maybe several even below it. Okay, as you can see here now There's buying in here too, but the the majority of it is is selling. Okay, and we can see it And then a nice big cluster here as you can see and then here's our move, right? Here's where we see the aggressor on the buy side comes in very clearly Okay, very very clearly illustrated here. All right. This is the kind of insight of breaking of this structure right here Okay, and we get a return back to where we broke from Okay, and note in this little area right here that we don't see the selling like we did over here So where are the sellers? Okay, they're not showing up and market market starts to rotate back up And it finds more buyers here and they lift the offer And we go to highs for the day for the cash session This is the kind of detail and transparency and we're only looking at volume right now There's a lot more to look at. Okay, but you can see or start to understand volume in Context to microstructure. That's the the important part okay, and Let me just zoom in here to show you really how simplified what a simplified version of the market We're showing you here because it's it's it looks like it's it's so complex It is not it's actually very straightforward Historical best bid and offer okay best offer is the red line best bid is the green line. That's it. That's all we're looking at here Now with the dots though, we're looking at the transactions that took place Okay on the historical best bid and offer Okay, so you can see a quick move to the downside here and that's because of the sellers here We see that the sellers are taking starting to take control And we test a little bit lower here on the on the best bid Okay, and so these little transactions right here someone hit the market sell button Okay, we can tell you exactly what it is. We can see this is for a volume of seven This is for a volume of five. We get the date the time What was on the bid and the volume here at this price level now? You know, we're looking at millisecond level here You know so thousands of seconds But we can continue to zoom in here and note how I'm breaking apart all of those little trans all of that That volume of seven is now turned into actually volume of one Three three a trade events here and four trade events here. So we have every single event here documented in book map All right, but we just we will Visually aggregate this as I zoom back out because now we're down at you know millions of seconds Okay, so We don't trade at those levels, but we can see every single event Okay, our complex event processor can handle millions of these data points So now if I zoom back out though Okay, note how as I compress the timeline. I'm going to show this as one bigger dot here Okay, so it's for volume of 12 Okay, so I know exactly what has occurred here but I have all of the Data of really how it how it unfolded. Okay, so that's it That's what we're looking at and a green dot. That's an aggressive market buy Let's zoom into this one and we'll break that trade apart and we can start to see that that actually constituted one two Three four five events. Okay, all for a volume of one one one One and one. Okay, so volume of five traded five different events That's how these markets To be honest, that's how they trade algorithmically. You'll see many more trades for smaller size as larger players try to disguise their position By using small order size. Okay, you won't see those block trades go through like you used to Maybe 20 years ago Anyway, that's what we're showing in the volume dots just so you guys understand exactly what these are as I zoom and Continue to zoom out so many trade events have occurred here that we're showing the volume with this pie display Right, and we're giving you the size of it as well and the overall shape by the color So we know the delta here. So for example this volume here of 228 contracts The majority of it was selling okay And You can see that the majority of this one over here is is buying Okay, so we get a feel for that the the type of trader Where exactly it traded and when and how much? Right, and that's quite a quite a bit of insight. It's like a footprint chart except that it's even more Giving more data than a footprint chart because the footprint chart aggregates just like a candlestick will Okay, right. So Anyway, I know that there are several people in here. It's great to see you guys in here who are current current customers, but you know reviewing what Understanding what book map here is is showing and going through Just some of the basics here. So you get a real good feel of it All right, so look at our our down trend here. All right, so It was it was trending down and we see a shift in that order flow right here Okay, the the aggressive buyers came in And now we're back up to this little ledge and level where we broke from pretty hard So we're probably gonna find some sellers up here and indeed we are okay as you can see We've traded up into that area and we just pulled back about a point and a half all right We'll see if the sellers will remain here or if these buyers are gonna take over here Now, how are we gonna know about that? right We want to understand where where traders are. I mean looking at the transactions is helpful Okay, but we want to understand where They're lining up in the in the auction that gives tremendous insight. Okay, so for example We'll look at the dome here in book map. This is the current order book This is your dome your depth of market Okay, your order book and we're understanding where they're lining up to to deal. Okay on the sell side Okay, we can we can see the numbers here the contracts at these price levels. I Can see them also here on the on the bid. Okay, these are on the offer. These are sellers up here These are buyers down here. Okay understanding the dome Is important it gives a really good current snapshot of the market Okay, because we can see the auction. Okay, this is this is a running auction and these numbers are constantly changing That's part of the problem with the dome Although it gives a good current market snapshot shot Once that data changes It is no longer relevant or it can be very quickly irrelevant Okay, it doesn't record it you'll have to remember those areas and The heat map solves this issue in book map. Okay, because we'll record it So we record it with the heat map. Okay, this is the next level of data and You see that the when the numbers change over here You'll see the heat map change in the grayscale. Okay, so we take these numbers and we paint it in a graphical representation Okay, so we can very quickly see where the liquidity is the highest liquidity in the book That's in this current market window with the best bid and offer current best bid and offer and then you can see this number Is the last traded volume? Okay, so that This is the current snapshot of the market Okay, where it gets really interesting though is we take this data and we record it and project it onto the chart historically So now I can see where they were bidding and offering historically and I can start to understand the behavior Of those traders and their intent to trade at these levels and That's where it really gets interesting because and I can zoom out and what this allows me to do is Instead of looking at the dome And the current market which is important But I can also understand the historical and I can understand where they're where they're positioning themselves historically Okay, giving me insight to the potential of this move here looking for potential areas where they're staying in the book here They mean to trade they do trade And and then we see the aggressive buyers come back in okay, so Looking for this kind of information gives us insight to the potential of a of a reversal Or maybe they're just covering down here, but we're starting to piece it together And starting to understand how we can use the limit order book Historically to give us insight Right at this point. We should just take the candles off because it's not giving us the clarity that we want in fact the clarity that we do want is looking at The break of this swing here Okay, and then we're looking at this area up here that we want to see the break of this swing Okay, that's the next stopping point Okay, you can see that we came right to where we dropped from here and we did find either profit takers and or sellers But it's still pretty strong move. I mean we didn't the pullback has been right to the top of this 63 19 and a half area. Okay, so I'm looking for the next area here at 23 or 22 and 3 quarters Okay, this looks like potential like a bull flag right aggressive buyers pullback to this Structural area we may we're gonna see if we accept above this area And if buyers start to step in again And then the next stop is going to be where Okay, anyone have an idea where why why I'm I'm pointing to this area here at 22 and 3 quarters because of this swing. Okay in the structure but There's other areas to target as well All right, and that would be the High liquidity. Okay, because the market needs liquidity to trade Okay, in fact, we're seeing a little bit of look how this trader came in here Okay, and they skewed the auction with high liquidity. Okay, they came in at 20 and a half here 79 contracts. Okay high liquidity and then you see that buyers You know with the skew in the auction all of a sudden there's more supply here very close or closer to price Therefore the buyers shy away and the sellers start to take a little bit of control here Okay, but the buyers are I mean we still we still have a few levels here to to look at here In terms of buying this is where that move really took place. Okay It was at this 18 level or 17 and three quarters Okay, so we want to see if we get maybe a deeper pullback But we want to see if the buyers start to step in maybe in these areas here Okay, to support their their decision to enter in the market, they're gonna want to buy more Okay, and we can read all of that information. We can see it in the dome. We can see it in the aggressive behavior and We can also look at the structure. Okay, all of that playing together And then we start to look for areas that to target. Okay, so yeah I'm real curious to see if we can come up to sixty two sixty three twenty two and then ultimately Twenty-two and three quarters and see if maybe they're gonna start to pull their liquidity up here in these areas here Okay, so now look at these guys starting to show more interest here on the bid At nineteen and and a half a high liquidity here Okay, so now you can start to see all sorts of things starting to unfold potential spoofing Skewing the auction with high liquidity To move price to maybe get filled down in an area here just below this little swing here Maybe knock some people out Grab some of their liquidity And then and then maybe resume that trend to the upside. Okay, all sorts of different ways of looking at this now you know, that's potentially what happened here, but We'll see much clearer examples Where we do see exactly that happening. All right, but we see just different shades of this happening all the time All right, so anyway, let's stop the the webinar and I will see you guys in the next one. Okay? Okay, thanks guys. Bye