 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer Trading equities and futures involves a substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results so trading equities and futures soon will be including cryptocurrencies beginning next month and that would be with the new release of bookmap 7 There is no release date yet, but we're shooting for mid-January. Okay, so sometime in January most likely mid-January and Really excited about it. It's gonna be great to see cryptocurrencies with the heat map and the volume dots and really get some insight to the order flow and As we know how volatile Those crypto currencies have been we should have a really nice Significant advantage looking at bookmap. Anyway, I'm looking forward to it. Let's start going through Some of the resources here Information about bookmap go to bookmap.com There is a free 14-day trial period of the product. It comes with education. Okay, you get the bookmap educational course And then you get access to the advanced order flow webinars. Okay, these are live they start at 11 Eastern time so in about 28 minutes and We go through advanced analysis of the order flow this webinar is more about some of the basics in bookmap Understanding what the platform is and what we're displaying a little bit about the order flow Just the basics and then we filter out Those that are in trial or current customers They want to know more about the details of the order flow And that's what the advanced analysis webinars are about Okay information or Have any questions you can go to support at bookmap.com Let's go to bookmap.com. Here is the website and Just want to show you a few different things Okay, just as we scroll through it here intro video a couple minutes long just goes through what you're looking at at bookmap about the product here Just different information you can see this is the link that you Most likely subscribe to to get to the webinar here or via email and more information about the The platform and you can try the give the trial shot right here some testimonials The Nasdaq total view data feed so you can access bookmap equities or us equities. I'm sorry in bookmap Okay, but further down connectivity. This is important We are a platform We are not a data provider. Okay, you can see other platforms listed here like ninja trader TTX trader pro and interactive brokers workstation trader workstation We also connect via the API of these three different platforms, but we are a platform just like they are So you can connect bookmap directly through CQG rhythmic gain IQ feed transact and dev experts a total view of Nasdaq Okay, and then soon as mentioned we'll have the crypto currencies Okay, bit further down pricing and the free trial This is what you get. Okay. Well, there's a few different versions here. There's a bookmap basic advanced and quant Bookmap basic is truly the only version It's just different features for the other the other versions. So It's forty nine dollars per month as you can see it's billed quarterly and you get 14 day free trial period The bookmap advance is the same as basic except it includes The one-click trading from the chart And then our proprietary indicator package that we put together That looks at very specific Order flow phenomena like a large lot tracker We're identifying larger players with high probability that they are providing The majority of the liquidity in the limit order book iceberg detector and again, that's looking for larger players Okay, understanding where icebergs are being used and those are usually Through larger players And we have some order book and volume and balance indicators and a correlation tracker. Okay Quants you you'll reach out to us Here learn more We've talked to a lot of quants recently a lot of activity Want to connect their own data proprietary indicators, etc. So we will work with you on that now if you're new here to book map or futures you can get a free trial of some of the Data feeds alright, so since we don't provide the data And you need if you need data You can do a free trial of the data as well as the free trial of book map. So click here for that and if you want a breakdown of Every single feature you can click here for the complete list all right Social media you can follow us on Twitter at book map underscore pro right here And you can see for example, this is going to be a new feature With the heat map in book map version 7. Okay, we have a colored heat map What this is going to allow you to do is really see the distinctions In the liquidity levels All right, we're really really going to get much more precise In the newer version and it's going to be great great stuff really looking forward to it. All right You can subscribe to our YouTube page as well. Okay, I'll just quickly go through it the there's the intro section here a playlist you can click on the playlist here and View those And then down below that features and components you might want to watch some of these to understand some of the basics of book map and put it together And then order flow video snippets these are very quick Concise videos that go through the concepts of the order flow And in just a few minutes In the phenomena and exactly what book map is displaying and how it gives you this kind of uncovers That this phenomena here that would be rather difficult to see If not impossible with other charting platforms. Okay, so I'm really being able to understand this And this happens all day long a lot of this phenomena This is what we go through in detail in the advanced order flow webinars. Okay Okay, that's that let's let's jump into book map and take a look at what's going on Okay, so we're looking at the Nasdaq here and Right so for those of you who are new here, what exactly are you looking at? Okay, this chart looks like it's rather complex It's actually not it's a rather straightforward Data that is being displayed here. There's only three elements within this chart. Okay, we have the historical best bid and offer We have the volume dots that you see here Okay, that's volume that has traded on that hit historical best bid and offer and then we have the heat map Okay, that is this grayscale heat map that is outside of the traded volume. Okay, so what we're looking at there Is the evolution of the historical order book? So your depth of market your dome what you're looking at in book map is that data Recorded and then plotted onto the chart. All right, so that's so that's what we're displaying here Those three elements. Okay, so let me quickly go through it here And I'm going to strip off all of these other elements and we're going to put a put a candlestick chart on the on the chart here Okay, we're going to turn everything else off. Okay now we look at this candlestick chart There is an issue here We have an aggregate view of Open high loan close of a five-minute period Okay, so that's actually Not gave giving us much clarity to really what happened within that five-minute period Because it's aggregated We have no clue about all sorts of micro structure that occurred in in some of these areas As well as where the volume traded. Okay, we have a volume sub chart down here and that can be helpful But we really want to understand When that volume traded exactly where it traded how much and what type? All right, all of the all of that information is not here within this chart And we're making important financial decisions Without that clarity or insight. Okay, and that's an issue. So the first thing that we can solve here is Not looking at an aggregate view Okay, so we're going to do that By just showing the historical best bid and offer so just by showing that It immediately shows you really what happened between like this five-minute period for example or this five-minute period here Okay, this is really what occurred. There's microstructural areas within That five-minute period. Okay, and that gives us a lot of insight to what's going on Okay, because these structures are broken and we're going to see volume And significant volume trade above or below that structure That's going to give you a lot of insight. Okay, so that's just the first element here that we're displaying with the historical best bid and offer Okay, now let's see where the volume traded. Okay, so here I've included the volume dots onto the chart Now we can understand these very specific areas where There was transactions in the marketplace Okay, and we have it in reference to the microstructure Okay, so this five-minute period this candle right here We have actually a lot of insight here Okay, in fact we can see that there's kind of a shoulder head and a shoulder here and We're understanding this little these little structures that We came up made a high came back down Made a little structure here and then went up made another little structure up above and then we broke Okay, this structure here was broken in fact even this one was too and We have significant volume here and you can see the red dots. This is cell volume. It's is aggressive selling Okay, what we mean by that with aggressor classification of volume is that this is a market sell these red dots Okay, they cross the spread they paid up for it and they hit the market sell button Okay, the green dot is a market buy. Okay, so that's the aggressor classification And we we can understand now here the context of this volume within the microstructure Okay, now although we came back up and tested this structure here. We came back up and tested exactly where we dropped from Okay, it's not We're not seeing any of that within this candlestick chart. We have no clue. We have no clue of any of these details It's really not giving us a clear picture Okay, so instead Now we now we do have a clear picture. Okay, we can see we came right back up to where we drop from and this is something we look at in the Advanced webinars all the time Okay, we want to understand If the if the sellers line up here again, or if we see exhaustion on the buy side Okay, in the end we kind of go sideways for a bit, but we drop back down and And and we drop down below this area here and we see we see more selling starting to come in It's not much to be honest. So In fact, I'm kind of surprised to see that wasn't much selling here on this little retest In fact, it was exhausting out. Okay, but sellers still push through or at least The the next area that we want to understand Is the liquidity? Okay, because maybe they they were pulling liquidity and bidding down at lower levels here Okay All right, so we just have two elements so far on this chart The the volume and that historical best bid and offer Okay, and we already have a tremendous amount of transparency here into really what occurred in the order flow All right, so let me zoom into this area just to Clarify exactly what we're looking at. Okay in these two elements All right, here's your historical Best bid and offer. Okay. The best bid is the green line Best offer is the the red line. Okay. This is Level one data. All right. Now you can see the dots here the transactions. Okay So a green dot is a market buy someone hit the market buy button They cross the spread and they they did not provide liquidity. They actually took liquidity Okay off of the best offer here and the dot is painted onto the best offer. Okay We know exactly the the data here if we use the Data tip tool we get the date Okay, we get the time Down to the millisecond here, but we can we can get even more if I zoom in Okay, now we're down at microsecond level or even nanosecond level So we know exactly when this transaction occurred All right. We also have the liquidity here on the ask there was 18 contracts at this time Okay at this price level of 6531 and then we have the volume and volume of two at this price level Okay, so all the data is here Okay, in fact, let's see if this was yeah, it was two two separate um Market events that took place here Okay, so very quickly one traded and and and you can see we're down at Microsecond level we can continue to zoom in and look at nanosecond level if you guys want the other trade is outside of the The picture here All right, but anyway, you get the idea We can continue to zoom in and just see every single detail and market event that took place Very precisely. Okay, we have a complex event processor that can handle all of that data Okay, now as I zoom back out Okay, we don't trade at those levels, but we want to understand really on the overall what occurred here at some of these levels Okay, so these two market events as I start to zoom out We're showing it and displaying it as a dot that is for volume of two Okay Now the selling is over here. This is a you know, the red the red dot on the on the best off best bid Okay, so let's continue to zoom out and note how We consolidate just graphically. Okay, all of the data is still here, but we're consolidating graphically Okay, everything into a bigger dot Okay, and in fact, you can see these these dots here. They're half selling or half buying or you know Percentage of buying and selling you can see that I can I can use the data tip tool and hover over the dot And it gives me everything here gives me the volume and it's giving me that volume on the VWAP All right The overall shape of that volume and we know that there's more buying here than selling because of the pie display Okay, so, you know somewhere around 55% of it is aggressive buying compared to selling And we know exactly where when how much and what type And and you can see how we broke out of this little structure here Okay, this is very typical Okay, and we're coming up to test where where we broke from here All right, so that's that's the view of this Volume down here understanding it the retest back up here and we rotate lower for price discovery into where there was a cluster of selling activity down here And and we broke to the downside right so That's the details in the volume and the the insight in understanding the volume and the structure micro structure Is is really important? However, there's just one more element here that we're going to show And I'm going to take the candlesticks off at this point and that is the heat map So what the heat map is showing is where traders were bidding and offering Okay, historically, so let's just go into and look at the current market for a moment Okay, and just go over what the depth of market looks like in book map. Okay, you can see my price ladder here Okay, and then you see the this C O B column Okay, that's current stands for current order book And what we're showing here is the best bid and offer right here as you can see Okay, and then you can see these numeric values at this is these are contracts Okay, these are contracts on the offer if it's above price So these are sellers that are lining up and providing liquidity With these numbers of number of contracts at these levels And below current price. This is on the bid. These are buyers down here. They want to buy at these specific levels Okay, now you can note how these numbers are changing constantly people are Coming in and out of the auction bidding and offering and adding and pulling liquidity The problem with it's really insightful to see these levels Where there's interest in buying and selling But the problem here is that when they change We don't have a reference any longer And that's where this is where book map solve that issue because we record the data Okay, so Although they're staying in the book here as you can see at 65 30 They're starting to add in a little bit. In fact our large lot tracker is showing here this white line This is one of our proprietary indicators and it's showing that Roughly around 30% or more is one individual actor providing, you know, somewhere around You know 40 contracts up here something like that anyway the Where this gets interesting is in the heat map, okay So if I let's just zoom in a little bit when these numbers change, you'll see the heat map change Okay The grayscale here now. It's it's not so active at the moment But we can adjust the heat map a bit Okay, and we can show more So you can see these numbers are changing and the heat map changes in this window here This is the current window. This is your your dome Current dome in book map your graphical Representation and this is your best bid and offer your last traded volume or the numbers here and Then you can see the the heat map is reflection of that current order book All right where this really gets interesting though is we take the data here And we then project it onto the chart historically Okay, so up here at 65 30 Well, we can see that this player or These these players up at this level ever have been providing pretty high liquidity for a while now Okay for the last You know, let's say. Oh, I don't know almost eight minutes or so Okay And we can zoom out and we can see even bigger pictures though So what this allows you to do is? Understand now these levels of liquidity and you're able to utilize your depth of market on A much higher time frame Okay, and understand these areas here Okay, and they these areas of liquidity as we just we just traded through our 65 30 area Okay This allows us to also understand Liquidity here is being fake With no intent to trade or real Larger players staying in the book wanting to get filled at these areas and we can make a distinction between that And let's zoom into this area Okay, so this was that area of high liquidity. Let's use our data tip tool a 113 contracts here. We trade right into it. Okay, look at look at how the best offer Trades right in right into it. Okay, and they stayed in the book 113 contracts. Okay, they actually pulled some down to a hundred And then and then we see a big green dot here. That's the aggressor Okay, let's zoom in a little bit closer and let's see exactly what occurred here Okay, so 90 contracts traded here. We have a volume column That is showing me that 90 contracts traded All right, it traded right into that high liquidity Okay, so out of those a hundred contracts here or well a hundred and hundred and thirteen No, you can see actually it was they they pulled down to actually 90 and all of that traded So did these players here was this fake liquidity and the answer is no Okay, this was real liquidity. They had the intent to trade and we just made that distinction Okay, whereas that'd be rather difficult distinction to make Looking at a dome very quickly Okay, and then being able to also You'd have to memorize all of that but not only that Look at the the view here as we zoom out. Okay, we still have an understanding of larger players In the context of the historical depth of market Okay, we can see that that we traded up into this level, but the microstructure We're kind of going sideways above where we broke out right here. Okay, so let's see if the buyers step in right here at this area around 65 29 okay, and Let's see if there there's they're interested or not. Okay, if they are there we're gonna see People starting to bid up at these areas here Okay, if they're not which you can see now We're starting to sellers are jumping in and they're trying to try trying to trade it down below This a point of control basically at a 28 and a quarter Okay, if they if they do and we see we see traders on the bid starting to pull liquidity Where are they pulling to? Okay, well down we can see down here at 26 Okay, and then down here at 25. This is where the market is going to trade If these sellers continue to hit the bid Because that's where the liquidity is Okay, and we can see that not only in the current view But we can see that in the historical view Okay, we're down to 26 right now and let's zoom in here Okay, did these guys have the intent to trade down here at 26? And it's a little more complex with this view because We can see here That they started pulling Okay, a lot of this was fake liquidity Okay, in fact we see we get we're getting a lot of insight here because look how they were here with 62 contracts as Price starts coming down. They're pulling their liquidity here And they're adding it and this this large player here is Pulling it and adding it to ticks lower Okay, you can see it at the precise moment that he pulled he added down here so The trader at this at this level has less intent to trade we know that that's fact Okay, and then as we trade into this level he's pulling Okay, right before it he's pulling more Okay, no intent to trade so we just made it a big distinction between those that have the intent to trade With real liquidity and those that do not and that's fake liquidity Okay, and that's going to give you a lot of insight to these levels here. Okay. Now. It's not as easy as that There's other context to understand within the The heat map here or the the levels of liquidity and the and the traded volume. Okay The transactions Okay, it's it's there's a relationship between the two and we want to understand the context of it It's not just some sort of indicator here It is a true view a very objective view of the auction and the transactions that have taken place here All right, and we're getting a lot of insight here Okay, so anyway, that's what book map is showing you and a little bit of the insight that we usually go through in the Advanced order flow webinars as you can see some of these levels here when they're starting to pull liquidity We're looking for lower areas to to be tested Okay, and we also noted up here how they absorbed and larger players were absorbing up here at 65 30 Okay, pretty pretty nice move from 65 30 on down to well 26 or or 25 is where we were Starting to target that large larger liquidity Okay, so anyway, that's the kind of insight that you can get if you're signed up for or in trial will we'll jump over and we'll see you in the Advanced order flow webinar. Okay. All right. Thanks for coming. Bye