 Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap Risk Disclaimer. Trading equities, futures, and cryptocurrencies involve 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. There's a free trial for 14 days, comes with education, the Bookmap Educational Course, and then the daily live order flow and advanced analysis webinars that support the content in that educational course. So learn about it and then follow up every day to learn in the live markets the same content that backs up, we back up the same content here in that course. There's other resources as well, and you can always reach out to us at support at bookmap.com. Okay, let's go to bookmap.com and take a quick look. A lot of changes coming. So I think the website's gonna be updated as well. But let's take a quick look here and scroll down. Intro video about Bookmap, just a couple minutes long. It goes through some basics here. And then about Bookmap, okay, just understand kind of overall what's going on with Bookmap, some testimonials. There's Bookmap for equities through the dev experts, okay, that you get NASDAQ total view. Okay, it's all the U.S. equities, it's not just NASDAQ. It's the New York Stock Exchange as well. A little bit further down, connectivity. Okay, so this is important. We are a software platform, not a data provider. So you can connect via all these different ways here or data providers here. Note that there are a few platforms in here like TT, XTRAIR Pro, Ninja Trader and Interactive Brokers Traders Workstation. We connect via the API of these platforms, but we are a platform as they are. So you can connect Bookmap just directly using CQG, Rhythmic, Gain, IQ Feed, Transact and Dev Experts for that NASDAQ total view. Okay, a little bit further down. Here's the 14-day trial period I mentioned. There's Bookmap Basic, 49 per month billed quarterly, Bookmap Advanced, 99 per month billed quarterly and then Bookmap for Quants. And the Quants we need to work with you on special features that you're gonna have. So you'll need to kind of reach out to us and find out more. You're gonna wanna connect to your own data, proprietary indicators, et cetera. But for a majority of people here, Bookmap Basic or Advanced is the way to go and the difference between the two are the add-on features that we offer, one being the one-click trading that you can trade right from the Bookmap chart. Okay, and then we have these proprietary indicators that read the order flow for example, the volume and book and balance, correlation tracker and then specifically as well, not only reading the order flow and the liquidity but starting to read specific players. Okay, so the large lot tracker identifies larger players who are holding the majority of liquidity at specific price levels. Okay, so if you have any questions, let me know, I can go over this as well as another one that starts to identify specific larger players with the iceberg detector. Okay, we have this indicator that will show where larger players are using iceberg orders and getting filled. Okay, let's see here, if you're new here, you can also follow us on Twitter at bookmap underscore pro and you can also subscribe to our YouTube page and maybe watch some of these intro videos to begin with and some of the features and components here in this playlist, you can just click on the playlist title that'll take you right to the page and then the order flow video snippets. Okay, this is more of what we go through in the advanced webinar. These are just the concepts kind of distilled down into a very concise video but we go over in detail in the advanced order flow webinars. All right, let's jump into book map and take a look here. Actually, we had oil inventories so this is not book map here. This is just a regular candlestick chart, just looking at a kind of bigger view here on larger, higher timeframes. I had the oil inventory so I was curious on that and let's jump into book map. Okay, all right, well, here's the result of that oil inventory. Okay, we can see here. And just a few things that wanna point out here. Really interesting stuff to see in book map because here's liquidity. This is the colored heat map with version seven that I'm demoing here. So this is currently not available but it will be in about a week. And look how they're starting to pull liquidity before the 1030 numbers here. And you can see it here in these areas. They're starting to pull liquidity and this is why you always get volatility. During these fundamental releases because we don't know what the numbers are gonna be. And you can see that this sweep of the book right here, well, it doesn't take much volume to sweep the book if there's not much liquidity. So let's just zoom in right here. And here's the sweep of the book. Beautiful sweep of the book. Nothing but selling. Hitting the bid, taking liquidity at each price level down into these levels here and now we're starting to find players. We're starting to find higher liquidity down here. These guys wanted to trade. They stayed in the book and they started to trade. This is absorbing all of the selling here. It's going lower and sellers are pushing through these areas because they have more selling power than the limit orders here on the buy, on the bid. But we start to dry up though. So look at the selling down in these areas. So that means that selling pressure, like it's taking a break right now, needs to kind of go sideways and see if there's more sellers or maybe buyers will come into the market and trade right back up into these areas here. Well, you can see what happened. There was actually a high liquidity on both sides here. And then you can see that we trade into this area here and buyers just don't have enough pressure here. Sellers come back in and we go lower. And where are we going to? Well, we're gonna come down into areas of high liquidity. Market needs liquidity to trade. That's just how it is. It's just like an auction and we're trading into some of these lower areas here. So anyway, I just wanted to go through some quick, few concepts, sweeping of the book, lack of liquidity, where it's trading with liquidity, et cetera. These are some of the things we go through in the advanced order flow webinars in a lot of detail. But anyway, for those of you who are new here, so let's just go through some of the basics of what Bookmap is showing you here so you can understand it. And then secondly, how you can use it to gain an advantage in your trading, okay? So first, let's go through what the elements are here on the chart, okay? It's pretty straightforward data, to be honest. In fact, I need to take some of this off. I don't wanna show any indicators at the moment, okay? There are some add-on indicators that are part of that advanced version. And I don't wanna show that right now. I just wanna show the three elements that you get here, okay? And it's really straightforward data. It looks like it's really complex. It's not, the first element that we're showing here is just historical best bid and offer, okay? This is the current market over here with best bid and offer to the right of this vertical white line. But all of this area here is historical, okay? This is what happened. And we're recording and showing that historical best bid and offer, okay? It's the red and green lines here. Now, you also see all these dots here that occurred on the historical best bid and offer. That's a market buy and sell orders, okay? It's the volume that traded there at these levels, okay? So that's the second element, is the volume. And the third element, final element here on the chart is the liquidity heat map. And what is that, okay? What we're showing with the liquidity heat map is areas of where they were bidding and offering in the book. So we're taking data from the dome, okay? Recording it and projecting it onto the chart, okay? So you can see that these are areas where price didn't trade until just now, up at 63.40, as we can see, we just traded into this level. But there were sellers up here. And we can actually start to read their behavior too. Look how they were adding into the book, pulling, adding back in, pulling, and then adding back in, all right? And it looks like they stayed in the book here and wanted to trade up at this level at 40. Okay? We can make a distinction with that though as well. And we can see if this was real liquidity or not. Okay? And we can just zoom in here and we can see exactly what traded here. And we can use this rollover tool. 195 contracts or 275 contracts here and it traded right into it, right into this area of high liquidity. So did these guys wanna trade here that were on the offer up at this 63.40? Answer is definitive. Yes, okay? They stayed in the book and they traded, okay? And they stayed in here. Well, they started to pull some, but you can see that at this price level, 372 contracts traded, all right? So a little bit of pulling here as well as it trading. Okay, there's both going on here. Okay. Anyway, to understand some of these details, let me just take a step back here and let's compare it now, these three elements and how to put these pieces together, okay? Let's put on that candlestick chart and we'll take off everything else. Okay, and my candlesticks, you can see that this is a new feature in 6.0 actually or 6.1, you can see the VWAP on the bid the offer and overall on the candlestick, okay? So it's a new feature. Let's, let me just disable it for now it's just gonna be distracting. It's in bookmap seven will be available in about a week. Okay, so keep an eye out here. All right, well here we go. Here's our candlestick chart, okay? So we do have, we also have a volume sub chart here. Okay, so this is the view that most of us are very accustomed to and let me just show you like why this view really lacks a lot of transparency and how bookmap offers that transparency to you, okay? Well, the first thing is that these are bars, okay? So this is aggregated data. It's on a five minute period of aggregation in open high, low and closes only four points within this five minute period that's all we're getting. And that's a problem because we wanna understand all sorts of microstructural areas here. We wanna understand how the volume and the auction behaved in those little areas as well. And right now we're not seeing any of that, okay? For example, you know, where did the volume trade on this? We don't know. So I'll turn on the volume dots in just a minute. But let's just turn on the historical best bid and offer and you can see like how this is an advantage just with this because we're able to understand now microstructural areas. Okay, so down in this area here, let's zoom into it. All right, well, this is what occurred, all right? So we actually saw it earlier, I was covering it at these inventories. We saw them move down, okay? A little bit of sideways action, okay? There was some absorption. Remember in this area? That's why this occurred. But anyway, so we got a little structural area broke down below it again. So we're bearish, okay? Another structure and then we see a break of it right here. But this is a break of that microstructure into, back up into this little area here, okay? And it's gonna be like, there's gonna be some volume in here and we trade back up into it and we find more or lack of buyers or more sellers, okay? Now, just understanding the microstructure is helping us, okay? Let's turn on the volume dots though and we'll really see what's occurring here. And then we'll turn on ultimately the heat map and really see where they're bidding and offering. Okay, so the volume dots here, all right, well, we can understand some of these levels now a little bit better because what we're seeing, and this is that five minute period between this candle right here, okay? And then there's one minute, two minute, three minute, four minutes, where is that right? What am I looking at here? Hold on a minute here. Yeah, no, okay, let's go back to my candlestick. I'm looking at one minute bars here. Let's go to five minute. Actually, let's go back to one minute. I think that is better for this demo. There we go. So within this one minute period, this is just one minute. We're looking at seconds here, 10 seconds between each vertical dotted line here, right? We're getting into some of these micro levels here already, but within this minute, this is all the action that took place. Now, obviously it's a release, fundamental release and all sorts of things are going on here, but we're still getting understanding of cruising control where our points of exhaustion, where the microstructure is broken and you can see them like hitting the bid here with the aggressive volume. Okay, we can read the volume dots. Okay, look at the aggressive volume here. Okay, so let's zoom into that area and this just show really what book map is displaying here. Okay, so here's your historical best bid and offer. Red line, historical best offer, best bid is green and then you see these dots. These are the transactions. This is the second element. First is that these two lines, second element are the dots and the volume. So red dot is an aggressive market sell. Someone hit the market sell button or many traders did maybe and they're driving price lower. They're hitting the bid. Green is aggressive market buy. They're lifting the offer. They're paying up, they're taking liquidity off of the best offer here and willing to pay the spread. Okay, that's why it's aggressive. Okay, they're not willing to wait in the book and trade at a specific level. In fact, they don't want to wait at all, they just want in the market. And so that's what we're looking at here, but we can zoom into these levels here. Let me zoom into this little level here because I want to show the aggregation. All right, a little bit of latency here. So we'll just zoom into this level. All right, so here's actually trade that took place volume of 30, but there's probably other, it might be one event. In fact, let me add a new column here and we'll turn it into a trades counter. It's actually two events here. So watch how as they continue to zoom in here. And we'll break this into one event now. Okay, so no, I'm sorry, it was one event for volume of 30. All right, but as I zoom back out, okay, now we were down at nanosecond level, but as I zoom back out, okay, you can see how all these different trades come in here and I continue to zoom out. What happens is, is that we're showing every single market event here, but then we start to aggregate it just graphically and visually into a bigger dot. And you can see that there's a pie display of both buying and selling, but the majority of this was buying actually, which is funny to see at this lower level. So you can see and get an understanding of who's in control by the size of the dot, the color, where it's trading and how much. Okay, all right. So those are the two elements there. Let's go to that third element. Okay, and we'll go back to the current market for that. Now we're looking at the dome here over to the right of the vertical white line. So here's the current best bid and offer, this number here is the last traded volume, here's our price ladder, and then here's our dome, our current order book. Okay, liquidity here on the offer, liquidity here on the bid. And that's what we're showing. And we can see that this is a really, really good view because we can see where they're lining up in the auction. Problem with this view is that when these numbers change and they're changing all the time, especially in this algorithmically dominated market, things change very, very quickly and we don't have a record. We don't understand what occurred at that level previously, how they're behaving in front of it or behind it. What about on the other side on the bid? How are they behaving? All of that is really tough and mentally taxing to follow in a dome, okay? And that's where Bookmap can help you because we record it. So if I turn on the heat map, here we go. So we take these numbers here and in this window here, like I said, this is the current market. So we can see that when these numbers change, you'll see the heat map change. And so note they just jumped in here with 138 and then they pulled, okay? So we just recorded that. And this is current market and then it's recorded and then plotted onto the chart here. So now we can start to understand these levels here. Look at this player here. We can understand not only the liquidity but the specific players. Pulled liquidity and then a few moments later added it a little higher, okay? Now we just pulled and added it even higher up here. Okay, did you see that? All right, this is where it can be really helpful. It's like starting to understand the traded volume and the auction together, okay? So at the moment, this is bullish because they're pulling and adding higher. And we see that the buyers are in control here, okay? So it looks like we wanna come up and test these higher levels of liquidity, okay? We need to see them lift the offer though, okay? But the buying looks good here, but let's take a bigger step back and overall picture now of this price activity, okay? So this is important because we might move up here a few ticks but we wanna get the overall shape of what's going on here. So let's take off the candlesticks, all right? And take a look at what's going on here in price, okay? Well, I mean, this is where the sellers are and let's look at these buyers here, okay? Well, it looked pretty good here. They started to buy, they're still interested. So we might get a quick spike up into this 36 area here. Okay, we went up to 34, so a couple ticks away. There we go, there's 35, okay? Now this guy just pulled at 36, all right? So he did, we can answer a lot, all sorts of questions here. Did he really wanna trade up here? And the answer is no, okay? And we can note his behavior here as well. Look at him pulling, adding higher, okay? Now we're seeing a little bit of algorithmic activity within here a few ticks lower, okay? Getting very aggressive here as they're, you know, jumping into the book here, okay? And then look at them jump in here now at 24, okay? And the market, we didn't find the buyers to take this further to the upside, okay? So anyway, yeah, starting to understand these areas here and we didn't get quite to 36, but we came one tick away from it and then they pulled. And we saw a little bit of kind of, you know, algorithmic behavior here that skewed the book and now we're coming back down to test the, you know, this 63-20, okay? And let's see if these guys mean business now, all right? This is where we originally broke from too, you can see, okay? And you see all the aggressive buying coming in taking price higher. So these guys, you know, 290 contracts down here at 63-20. And we'll see if the buyers are, or if the sellers want to take these guys on here. Now look at them, now we have 338 contracts down here. Large lot tracker showing that about 20% of it is one individual actor, okay? Now look at them bid it up here at 26, okay? So they want to be buyers at a higher level. That's pretty bullish behavior in the book. We need to see though if these guys are, you know, for real or not and we don't know that, okay? We might come down and test them and we need to see if this is higher liquidity that wants to stay in the book. We can make that distinction. We made that distinction up here. Okay, no, this guy really didn't want to trade up here. All sorts of different things to look at and understand and add into your method of trading is just understanding this very objective data here where they're trading, how much, when and what type of trader who's in control with the trading and then in the auction. Okay, so it's not rocket science, it's just the market and we're just giving a very, very clear view of that market and showing you where they're bidding and offering and where they're transacting and putting that all together within all of this micro structure as well, okay? And that's the basics of a book map, right? So if you're in trial or current customer, then jump over to the next webinar and we'll see you over there, okay? All right guys, have a good day, take care.