 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures Involved substantial risk of loss is not suitable for all investors past performance is not necessarily indicative of future results So in fact, I need to I Need to just update this Trading equities futures. I should just say probably just trading And a crypto because I want to show you guys some crypto currencies Let's try that Okay trading equities futures and crypto currencies involves substantial risk of loss is not suitable for all investors past performances Not necessarily indicative of future results Now there's a free trial with bookmap you can go to bookmap.com It comes with education you get the educational course We put this together as a four-part series And then we follow up every day With the advanced order flow webinars That cover in the live market the content that's in that educational course So you learn in the course and it's backed up in the live market And there's other resources as well If you have any questions you can reach out to us at bookmap support at bookmap.com Let me jump over to the website really quickly Just to scroll down a bit. There's an intro video here These this is for any of you who are new here understand some of the What bookmap is about here? This is going to be the link here for the future webinars and You know, you can you'd sign up here for tomorrow's webinar, for example, you sign up once for the week Anyway, continue to scroll down Connectivity we offer Connectivity to nasdaq total view Through dx feed or dev experts. This will allow you to access all us equities. It's a great data feed I can you can read about it here. Why? and A little bit further down how to connect to the live markets. Okay, so bookmap is a software financial trading platform Uh, we are not a data provider. Okay, you can see that there are some other platforms up here listed as well We connect via the api of ninja trader interactive brokers traders workstation and tt x trader pro as well Okay, however, we are a platform just like they are Uh, you can connect directly using cqg rhythmic gain iq feed and transact. Okay also dev experts And the new offering here with the cryptocurrencies. All right, so um I'm not going to explain how to do that but uh yet because that's going to be with version seven and It's a fantastic A data feed and i'll show you the differences between that and what the cme is offering All right, so um, you get a 14 date trial period with bookmap. Uh, basic or advanced Okay, basic is 49 per month advanced is 99 per month And the difference between the two okay the add-on features here So being able to trade from the chart large lot tracker and iceberg detector identify larger players We have volume and balance a book and book Order order book and balance and then a correlation tracker. These are all proprietary indicators We have developed for bookmap Looking specifically at order flow phenomena Different than other indicators like rsi or stochastics, etc. Okay quants. You'll have your specific needs reach out to us here If you need a free data feed trial, you can click here. There are some offerings And you get 14 days of that so you can do that as well as 14 day trial a book map So you don't even have to have a futures account If If you don't have one right now There's a complete list here of all the different versions of bookmap So that's the website. Here is our twitter feed at bookmap underscore pro You can follow us here to get the most up-to-date information. You can see a lot of the new crypto and Version seven with a colored heat map etc over here So some really great stuff here really able to see some some excellent things and You can also follow us or subscribe to our youtube page. Okay, just briefly There's some intro videos here in this playlist. You can click on the playlist heading features and components going through What bookmap is all the different features Order flow video snippets. This is going through order flow phenomena And bookmap is Very objective and transparent In displaying That phenomena and that that's the advantage you're going to get and we explain that phenomena here in these concise videos this kind of Analysis we go into a lot of depth in the advanced order flow webinars Okay, so you can get an idea of that here And then come to the advanced order flow webinars You will need to be in trial for that but Once you are you'll get Access to those they go for about an hour. All right, so Let's jump into bookmap and and see what's going on We'll look at the nasdaq. We've been following that but before I even get into that Let's jump into and look at some of these cryptocurrencies. Okay, so this is the new version This is my second day on it here And it is Not You don't have access to it yet. Okay, so I'm I'm just giving you kind of a A bit of an insight to it and we'll go over some of the features here As well and answer any questions that you guys have Right. So there are many too. It is it's fantastic. I mean you can see the Distinction already here in the heat map Okay, instead of using that gray scale. We're now using color And it's up here. You can see that you can there's three different settings here We can look at very dark red as being very high liquidity Okay, it starts off from this end and works its way to this end So high liquidity is up in the the red orange area and dark blue Is very little liquidity All right, and this one's a little bit different just goes up to orange instead. I like both of them quite a bit so Don't know it's really up to you guys all right, so Here's the nasdaq And we'll come back and take a look here at the nasdaq. We're you know, we're seeing some pretty nice stuff to the upside But let's jump into the cryptocurrency. So let's cover that briefly here It's fantastic to see this. All right, so and this is what book map is so great at Visualizing all this market activity. Look at these areas of high liquidity and You know, you can see it trade right down into it now I also want to cover here the liquidity Looking at this area here. I mean, this is pretty liquid market. I mean, it's not bad Compared to the New products from the cboe And the cme. All right, so let me show you what the cryptocurrencies look like in the cme Did I do I even have yeah, I have it here Okay, this is it All right, look at the liquidity here It's one contract I mean, this is really dead And look at how far apart they're spaced. You can see the spread is $120 and You can see that there's this is this is it one contract one contract and another one down here at 16 60 Okay, high high liquidity in this in this view is two contracts Let's jump back and take a look at the gdax offering Okay, this is traded through the gdax exchange and Or data feed and this is and this is what you're getting now. There is there is a lot more liquidity here in fact I mean it is volatile. There's no question but The there's just tons just a lot more liquidity compared to the the other markets All right, and you can see the spread here is one tick wide Okay All right And overall view here what's going on in the crypto currencies. Let's just take a quick look Okay, we looks like some absorption on the way down. All right, so I would start to to look for A shift here in this in this order flow Okay, some really nice absorption on the way down. It appears to be Okay, so let's start to look for more buyers to start stepping in at these higher areas or lower highs I should say And then we'll make a a higher low maybe down in this area here And then I'm looking forward to start to We need to see it unfold but looking for The a potential here for the the move back up a reversal is what I'm talking about. Okay, it hasn't played out yet but we're starting to see the Clues or the evidence of it starting to Materialize and we need to see follow through All right, we can jump back and take a look at it. We'll do that later But let's jump back to that nasdaq Okay, and and take a look here and let's Kind of scale this heat map a bit all right, first off for those of you In the webinar yesterday This wasn't more in the advanced order flow webinar. Okay before we left yesterday We were looking at Just want to cover this Okay, so here is yesterday's action. We were looking at this area down here around 6480 that was our level we saw a massive amount of liquidity up here at 6485 We ended the webinar before touching that area, but Reached out to everyone and said look, you know, this has been a strong move I'm looking for that liquidity to pull on the On the offer very very high liquidity and maybe flip to the other side And we did see a really nice nice move to the upside. Okay, so Anyway, that that happened after the webinar But starting to understand Order flow and then starting to Integrate that into the bigger picture is very very powerful stuff for example this What I was talking about yesterday was a flip of the book basically. Okay on a higher time frame So here I can put this into the Into the chat for you guys Okay, so you'll have you can take a look at that and Yeah, so You know, we're we're starting to anticipate that kind of activity and we did see the follow-through. Okay After the webinar though, so Okay, so what's going on now in the NASDAQ? Well, it looks like some volatility here back and forth You know, obviously we have some geopolitical news tax reform We have we're accepting and we have accepted above this 6480 level that we were looking at all week long or Several days back here anyway, let's just get into What's going on currently with the order flow, but I need to take a step back and cover for those of you who are New to book map and and trying to understand what all this all this is on the chart Okay, and as we'll go through the review here This looks like there is a lot going on and it looks very complex It's really not. Uh, there are only three elements on this chart One is the historical best bid and offer Okay The other is the volume that these dots that you see Okay, those that's the volume that traded on that historical best bid and offer And then the last element here is the heat map and this heat map here colored heat map that you see All it is is the dome. Okay the depth of market It's uh, it's given a graphical representation And then it's just projected onto the chart. That's it So you can see where there was interest in selling up here and here and here Okay, and where there's interest in buying. Okay, so some of these little pockets down here and they started to Show some buying here, but it looks like they pulled a lot of that. Okay, and also buying here and it looks like they probably pulled as well anyway, uh Understanding that auction is um Offers advantage and a lot of insight. Okay, and that's what we go through in some of the details in that Advanced orderful webinar. I'll go through some here as well We just need to keep it basic though. All right And ask any questions that you guys have. That's what the platform details webinars is is about Okay, so um the Those are the three elements on the chart, uh, and um, let's let's break it down And we're going to start with something very simple and then I'll define these Okay, so let's look at a five-minute candlestick chart here all right, so Open high low and close of a five minute period. Uh, that's that's all we're looking at here and It's four data points for each five minute bar Okay, there is a lack of transparency here. Uh, we have no understanding of all sorts of microstructure That important microstructure That makes up the composition Of the order flow and price movement here Okay, it's all disguised in the aggregate view of a five minute period And that's a problem And uh, we solve that issue very easily here Okay, it's not rocket science at all. Uh, just historical best bid and offer solves that issue Okay, now we can start to see the microstructure All right, all sorts of insights here Because we can start to see Just little areas, uh, like for example down here Okay, so, um, we see You know quick move down. Okay all sorts of little structural areas and and these Areas we want to see who's winning the battle and we want to see follow through Okay, first is to identify the structure. So look at this little sideways Consolidation here and a quick break of it with there's going to be a lot of aggressive buying right here Okay, we're going to see that when I turn on the volume Uh, and then we kind of go sideways for a bit and uh, we we break this little consolidation area And and then again here look how it consolidated down to these lows here and then broke quickly again okay, uh, and Understanding these little areas here And understanding how we break out of them and starting to anticipate that activity Is uh, is what we do in the uh advanced orderful webinar and it's what we cover in the Uh book map educational course Okay, this is a sweep of the book these quick moves like this All the liquidities taken, uh on the offer at several levels in price moves very very quickly Uh to higher levels and we're now trading In a new level Okay, there is a new valuation of the product or instrument at that time Okay, and then there was another valuation here and it accepted lower Accepted once and twice lower in a consolidated area Okay, and then the buyers came in and disrupted that Okay, and we accepted up above and look at the little retest right here into that area Okay, this is just the microstructure and the details that you can start to read and put together Uh, that is completely um Not displayed here in that in that candlestick chart right, so That's a really important element here is to understand the break breakdown of the candlestick and the action price action within that candlestick Okay, now let's turn on the volume though because we don't know Again, like we have a volume sub chart, but we we're lacking a lot of transparency here And we don't know where the traders are transacting What they think it's worth And how much trades where traded exactly when and The the aggressor who who who's trading What side is trading aggressive buying or selling and who's winning that battle? Okay, so um, yeah, so we can see it. Uh, we can see it here with the volume dots and The they'll just quickly zoom in here and I want to show you really what these two elements are We'll get to the third element, which is the heat map Okay, first element, uh, is that historical best bid and offer Best offer is the red line best bid is the green Okay, now you can see the dots here as well. These are transactions. This is the uh, a market sell order this red dot Hey, we we can we consider this the aggressor classification of volume, uh, because they they paid up they they actually, uh, paid the spread here, uh, as you can see Uh, and uh, they didn't provide liquidity. They they took liquidity and they didn't wait They didn't want to wait. They were aggressive And uh, when they hit that market sell button the the dot here, uh, is painted onto the uh, the best bid Okay, the green dot is the opposite. That is a market buy Okay, so, uh, as I zoom back out You can see that we have all sorts of transactions and in some cases There's so many that take place that we give you the overall shape of it In a pie display, okay, and I can just kind of quickly, uh Show you that here So you can see this kind of these these pie displays here Okay, uh, and um, what occurred in here was a massive amount of trading both buying and selling Okay, but let's zoom in here And we can see as I zoom in note how we're not aggregating any of that data Okay, it's all here And in fact, we're going to break it down. We're going to continue to zoom in to this dot and we're going to see exactly what traded here Okay, we're down at microsecond level here Okay, we can continue to zoom in Right, and we know here that this was um, a 10 lot, uh, that traded here. Okay, so it was one, uh One trade event for a lot of 10 we can see everything on the bid and offer here as well You know, so if I hover over this area with our data tip tool, I get the date the time What was on the ask here? There was 30 at this price level of 87 and three quarters in the volume Okay, so that's exactly what what occurred here Okay, now as I zoom back out though note how we consolidate that graphically And then visually give you the overall understanding of what's going on here Okay, now if I continue to zoom out because this happened really quickly I continue to zoom out and finally what we'll do is give you the overall delta of that volume And you can see that about three quarters of that volume here and we hover over this dot And it gives us the volume here was 39 contracts Okay for and and three quarters of that Was a aggressive buying Okay, so that's the volume one last element to place onto the chart here Okay, and that is the Evolution of the uh limit order book here, okay, so Uh Basically, this is uh one of the main advantages of book map now. I mean there's footprint charts that show you volume like this Uh, the difference is though the they'll aggregate their data as well Uh within a bar or some sort of bar rotation, etc And uh, it just it doesn't give you that microstructure and understanding of some of the details here And understanding those details are is critical because uh, uh, you know Understanding how the market traded up through and related to that that structure Look for a pullback to some of these areas, etc There's all sorts of ways that we go through How to read this and then how to Strategize around it and optimize your your entries Okay, so the um Uh, that's the volume uh the now the the auction part. Okay, that that's what's missing here right now in the chart And um, we we usually just look at the depth of market in a dome Okay, and uh, here's our doleman book map. Okay. It's a current order book column You can see the depth here on the offer depth here on the bid And then here's your best bid and offer right here Okay, now these numbers are always changing. It's traders coming in and out of the market. They're providing and pulling liquidity All right, so they're they're sellers up here at these specific areas or buyers down here. This is the market This is the current auction Okay, we have the current order book here graphically as well okay, so What do I mean by that? All right. So what we do is we take these numeric values And we paint them in the heat map in this window here Okay, so here's our best bid and offer And then this is last traded volume And then note the areas of high liquidity up here at 6500 172 contracts All right, so we can see Uh areas of high liquidity very easily and start to gain an understanding of this whole order book here just graphically Okay It's just a lot easier to read and understand when they're starting to add and pull liquidity Okay, and you'll see the the heat map change when these numbers change now Where this really is helpful is looking we're able to look at it historically Okay, so added and pulled liquidity here in the dome Okay is recorded So you can see over in these areas here. Look at how they they it was dark here And then they added liquidity And when it got darker again, they started pulling and then they they added quite a bit here when it started to get yellow Okay, and then they pulled and they added back in all right, so That's how uh traders up at these levels here were um were auctioning And we're able to understand Now a lot of things Uh from reading This this activity we're able to understand if they you know start to uh, do they mean to trade or not or are they just kind of You know somewhat mildly interested or looking for Keeping their their position in line Recall it's a first in first out market So if these traders want to trade up these areas, they're going to stay in the book And we can start to make that distinction between That fake liquidity like this up here Uh in real liquidity that stays in the book like this liquidity over here Okay, very high liquidity and they wanted to buy They stayed here All right, so uh, we're able to read that and make that uh a distinction All right, we're able to zoom out and now not only can we use this limit order book Uh for the current market We can use it for a historical market Okay, we can understand where they were auctioning previously And how they might behave uh when price comes back up into those areas And that's what we were looking at yesterday in the uh Live order flow uh advanced webinar Okay, we were looking at uh this um 64 85 level And in fact, it's still still important. Uh, we bounced off of it here. Here's 85 down here Okay, and it's just because of the liquidity that was there yesterday So not only am I using that liquidity uh for today. I'm actually using it from yesterday Uh in understanding uh that um This order flow phenomena and how important that liquidity Or insightful it is uh for um for your trading All right guys, let's let's wrap it up. Um, and um for those of you in the advanced order flow webinar We'll continue on over there and uh look at some pretty interesting stuff. Okay. All right. Take care