 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 for those of you new here go to bookmap.com and You get a free trial for 14 days. It also opens up the access to our Educational resources one of them being the advanced order flow webinar that will start in about 28 minutes okay at 11 Eastern and You can reach us at support at bookmap.com Then Let's see I want to show you some of the resources here you can subscribe to our Twitter account here or follow us on Twitter at bookmap underscore pro for the latest Information on things We had some new videos that come out that we just produced recently. So I'm gonna show you that here. You can also follow us on or subscribe to our YouTube channel Okay, so a few new videos that Dora were uploaded in that which you guys might find Pretty useful. Okay Let's go down to the features and components here. We'll click on this Okay, and that brings up the as you can see here the Playlist all the different features and components. Okay Some of the newer ones we just put together one and I'll put together another as well For the one-click trading. So this is one on the trade control panel I'm gonna copy these and put them into the Chat box here for you in the go-to webinar. Okay, so that one there is on the trade control panel Here is another and this is on the aggregate new aggregate number. All right That we show with the last traded volume. We also have some new features That's a new feature in bookmap build 58 for 6.1 and This one the new candlestick features as well for bookmap 6.1 build 58 and there's that video Okay Let's see. We also have a new video snippet as well Okay So I want to want to show you that Okay, and that is right here context of volume and liquidity in a trend now You probably you may have gotten the email But if you didn't I mean there's some new traders in here. So they're not signed up yet and just want to show you some of the resources and understand that features and components and looking at the bookmap basics is what we do in this webinar and then in the advanced order flow webinar We look at things similar to the This video. I just sent you the link the context of liquidity and volume in a trend Okay, so really understanding some of the details In the order flow and then how to start to anticipate price movement based on it and That will allow you to kind of pinpoint your entries exits and trade management. Okay All right, let's see what else is new here Might be everything Ah No, not everything. I'm gonna give you guys also a link to the Webinar for later today for those of you who are not in trial yet. Okay, so just so you can get a taste of what the live Order flow webinars are like and what we do in those We don't go through the the platform much at all but we really just dive into the Into the the live market and understanding what's going on with with current price Okay, so let me give you this link here Okay All right, so that last link there you can see you can sign up for the advanced analysis webinar that will be in I'll roughly 23 minutes or so okay All right. Well, let's let's jump into bookmap and What's going on here? We can see the We're gonna look at the NASDAQ we saw some volatility yesterday and a lot of short squeezing as well and that seems to be the continuation of that today As we move back to the upside and now we're just kind of going sideways in this pretty pretty massive channel here So let's take a look. All right, so here's our 930 cash open All right Pretty interesting to see that high liquidity come in here right just before the open as you can see So a lot of a lot of interested traders up here to sell Okay, larger players Resting orders up here limit sell orders Okay, where are the buyers? Well, they're down here at this 61 10 all right, so that much we know and Let's get into though what what you're looking at here All right, so for a lot of you that are new here to bookmap I need to go through and Understand what it is you're looking at in the chart here because it looks like this is a lot of information It's actually really simple and straight forward candlestick is More complex in concept than what you're looking at here. Okay, so let's we're gonna we have a indicator sub panel here This is a cumulative volume Delta indicator And so we do have indicators, okay? We also have indicators here with the This is the user guide hold on just a minute Okay, we also have indicators here at bookmap.com So let me let me just show you this quickly here With the pricing and the free trial that you get okay So book map basic book map advanced book map quant You get the 14-day free trial for these products here You can see the price here the difference between the two is this ability to trade from the chart and These are other indicators that we do have now these are proprietary indicators that we developed that that cover specific order flow phenomena That we witness in book map. Okay, so they're not your typical RSI MACD Socastics type of indicators. Okay, we also I also showed you we have the sub chart here That shows a cumulative volume Delta now that said What you're looking at here in book map is is very straightforward market data. Okay, we're looking at three things We're looking at historical best bid and offer. Okay, that that's how we're displaying price is historical best bid and offer And then we're showing the volume the volume dots here are showing you where the volume traded on the historical best bid and offer Okay, and we're showing you the size what type how much and when okay, and that's very important information And and the last thing that we're showing here in the heat map that you can see all of this grayscale heat map in these areas This is the historical view of the limit order book. Okay, so if I zoom in here Okay, and I look at the limit order book in book map. Okay, this is it here the C O B column Right is showing me the current best bid and offer right now here. Okay, and Then we see the depth here on the offer and the depth on the bid All right, so we turn this information into a heat map a graphical representation of this These numeric values in the in the heat map Or in the limit order book so we see 89 contracts here. It's pretty pretty high liquidity in the book So we've painted it pretty bright here All right, and we record it to the left of this vertical white line. This is all historical data Okay, so we're starting to understand the auction that's going on down here historically So as they zoom out we have a really good understanding of the bigger picture of that auction So that's what we're showing here. Now, let me go through it in detail and we're going to start off with a candlesticks and Then we will start to layer on the information to get a better understanding of really what it is You're looking at here now. You can see we have these little New features here on the candlesticks too. So this is a new new A feature that we have in this new build 58 is showing you the V-wap. Okay, this Let's try to find a distinction here All right, so this one's probably or this one's probably the cleanest This line going across here is the V-wap All right of that candle. So this is we're showing you where the volume is actually trading on this candlestick All right, so we're showing actually quite a bit more than a regular five-minute candlestick chart will show And then we're also showing you the V-wap of the of the buying volume here and the selling volume here Okay, so you get a get a pretty good understanding of kind of the volume weighted average price of the of the volume within that five-minute period Okay, so anyway, I find this a little distracting for this Presentation, so I'm going to disable it for now We're just going to look at the straight candlestick Okay, and So open high low close And we see the bodies in the wicks. Okay, we all know what candlesticks are Displaying here. However, there is a lot of data that's not being displayed and that's that's the problem here Okay, we want more transparency to make more insightful trading decisions Okay, one of the problems that we're seeing here is that since we aggregate back and forth within a five-minute period There's all sorts of data that we don't see in micro structures Okay, well, we can solve that issue by just turning on the historical best bid and offer Okay, so here's some of the micro structural areas that we can see Okay, so let's zoom into to this area here and I'll show you exactly what I mean Okay, so this five-minute period here. Well, we see some buying pressure come in from the previous period And then we continue to the downside here. Okay, but there's structures within this and they're significant Okay, we went sideways here for a bit and then we broke down went sideways for a bit And now we broke up above this structural area here Okay, we're gonna see Aggressive buying in this area and it pulled up above that area and this is gonna gonna place the low for the day Look at the retest of that area Okay, retesting where we broke from in this structure. This is giving us a lot of insight here So let's turn on the volume to see exactly what occurred. Okay, so what I'm showing here in the volume is the Let's zoom into an area and I'll go through it in detail here. Okay, so his this is the historical best bid and offer All right, so assume into this little area here And so historical best offer red line historical best bid the green line Okay, and these are these are transactions that took place on the best bid and offer Okay, a green dot is an aggressive market buy order It's aggressive because someone hit the market buy button. They wanted into the market immediately and we're willing to pay up the spread Okay, instead of waiting at a specific price level with a limit order All right, so they took liquidity off of the best offer here and Transaction with the seller Okay, the red dot is the opposite. It's an aggressive market sell that took liquidity off of the best bid okay now That's it. That's all we're showing so as they zoom out though Okay, you know we can we can actually zoom into you know these these levels here and see Really minute details down to nanosecond levels. We're down at microsecond here We can continue to zoom it. It really doesn't matter but the point is that We're giving you every single Bit of information that came into the market. Okay, it's all still available here. Okay, so we're showing you Very very objective view of what occurred in in the in the market. However As I zoom back out we take that data Okay, and then we're gonna give you an overall understanding of it as I zoom out. Okay, the data is still here, but graphically We have now displayed it as a bigger dot So you understand that there is a lot of buying up here compared to some of the other areas All right, so this this dot here showing a lot of selling we can hover over these dots using the The data tip tool here and it will show us exactly. Okay. We see the date the time What was on the bid at this price level and then the volume that traded at this price level and you can see the volume there I'm giving you our book map is is computing for you the the VWAP of that price level Okay, if you really want to see the the details you have to you have to zoom in like I like I did previously Okay, a little bit of latency here, but between best bid and offer and traded volume Anyway, that's what we're showing and Now let's get into it here. So you see these pie displays That that show both buying and selling well, it's just because so many transactions took place That we can only show so much So as we compress that timeline and all of these trades into a big cluster We give you the overall shape and Delta so down here. We know that this was about three quarters Selling compared to a quarter buying All right, so let's zoom into this area here that we were looking at previously and we were starting to Assume that there was aggressive buying up and To raise price above this little structural area right here and indeed there is okay We can see it right here. We see sellers come back for a retest, but buyers step in again Here's another retest here and look at this area here Okay, look at the selling that happened down here All right, we see very little selling okay, so What what's starting to occur is we're the sellers are exhausting out at an area where buying was found previously Okay, and we see that buyers stepped in again Okay, it's we'd have to zoom in and see it in this area here, but you can start to see some of the green dots And then you see more buying up here So we continue to break out to the upside. Okay, and now what we're witnessing here is a reversal in price Okay, all of that information here is is Completely opaque looking at these candlesticks. We really have no clue that that occurred so Now we know exactly What happened in the microstructure and how the volume in the transactions occurred? to support This this price movement Okay, all right, so That's the volume now the volume is just a piece. It's an important piece Of the order flow But there's a whole nother side of it and that's where they're bidding and offering Okay, so for example if we zoom out and we look at this little area down here in this little retest Here well, you know, where were they bidding is is did we exhaust out because they're bidding? Here quite a bit and the sellers don't want to take them on will we see a wall of liquidity down here or will we see? You know, maybe Liquidity up above here that targeting areas and Or up in this area here and we can see again exhaustion on the buy side up here The buyers don't want to take on maybe a wall of liquidity here on the offer Okay, so let's turn it on All right. Now we have that picture. Okay, and indeed there is a wall of liquidity up here between 61 25 and 26 Okay, and you can see that also they're Offering pretty high liquidity in these areas here okay, so So the buyers we exhaust out and then sellers take control over in this area here and that is still the story So the sellers have been in control since around 10 10 18 or 20 or so Okay All right Let's see here. So understanding this auction is Pretty pretty important aspect of the order flow because it has an effect on price and Just think about it. You know like this 6108 here. Well, we just saw them pull Okay, but this gives us insight. Okay, so they pulled the liquidity at high liquidity here They wanted to be sellers at this lower level not not anymore. All right now now It's at 6109. Okay, where we see the highest number of contracts Okay, and 6105 here It looks like we're gonna test 6105 But we'll wait and see Look at the high liquidity. Look at them layering in up here between 11 and 12 right, so larger players and They want to be sellers up in these areas here looking for pullbacks right so understanding the players and The high liquidity that they're Providing in the market will have an effect on the on the auction All right now we can start to understand these these areas here in Context in the auction like if they have in intent to trade in these areas or not like these guys at 08 We just saw this is pretty high liquidity But they pulled okay, so they have no intent to trade here at 08 now. They may jump back in right now but and we'll see but it's You know we can read it right here And that we can use the Datatip tool 92 contracts and they and it's down to 56. Okay, so or 44 even all right So yeah, these these guys here we can answer this question This is fake liquidity. In fact, it looks kind of like spoofing type of liquidity here to skew the auction Okay, and press price down maybe into 6105 Okay, now they're bidding up here at this level here So they're showing a little more now. They're pulling and adding lower now We can see all these details in this and it's just it gives us a lot of insight to How this area may auction here? Okay, because we can see they they they're providing at higher levels here So they want to they're bidding it up right so they're they're kind of getting aggressive here They want to buy at a higher level that's going to push price higher Okay, but then look at this guy here and we can use the Crosshairs tool look how at this moment right here He actually he was bidding higher and then he actually pulled and then probably is you know very high probability He pulled and then added down one tick below here of the high liquidity at 6105 Okay All right, and then you see also this these players look out They're they're bidding in these areas and this guy here is bidding and then raise the the bid another tick higher here Okay, so they're getting they're showing they're showing interest They're showing intent to trade in these in these areas here or they're showing aggressive behavior. I should say Okay So we can make a distinct a distinction here between Longer term liquidity that stays in this book They just they're just parking their orders looking to get filled at these areas with intent to trade Or that shorter term high liquidity like in this area here or they really don't have any intent to trade at all They're just trying to skew the auction Or who knows what their game is but what we do know is that they had high liquidity and they pulled it Okay, and we know that this has an effect on price All right, so and and why is that well because the auction is now different So if you show up to any auction like a physical auction, let's say it's for You know an automobile or a painting or something and All of a sudden let's let's say that a hundred more Interested buyers come into the room Okay, and they're they're very interested. They're they're actually bidding up. They're kind of chasing price Okay, well the the valuation is going to be higher So what that will have an effect on price. That's what's going on in some of these levels here Okay, that we're witnessing now Hey, they're bidding up Okay, we haven't actually seen too much of a reaction to that yet a little bit but And we'll see we'll see if these guys actually mean business here. Hey, we're good. We're just about to test them. We're a tick away Let's turn off the candlesticks here. All right. Well, they're staying in the book. We know that right? We were one tick away sellers could have taken them on here. Hey, and they did not Okay, so understanding this context Gives us insight to what's going on with price Okay, so we don't know. I mean the sellers may They may take these guys on and trade right through them. Okay, that's possible okay, but What we do know is the sellers right now do not want to take them on and we can see that right here and they're they're staying here and We just saw a little bit of spoofing type of action right here Okay, note note the high liquidity jumps in here and and we see a little bit of reaction trading reaction to the upside here Okay Here where they go again. All right So what what happens in this in this context now? We're seeing some aggressive trades come in here to our transaction. So, you know buyers are lifting the offer to right, it's usually a combination of both That that sets the tone here However, we we do we see the A lot of times, you know, you'll see the high liquidity here And then you'll see them pull on the offer. So what's gonna happen then, you know What if they don't want to be sellers at some of these levels here at this like 08 area, they want to be sellers up here Well, the next transaction that's gonna take place is gonna be up higher because they've pulled they pulled their liquidity That's the next best offer. It's gonna be up here Okay, so that's what occurs In the market all the time And you'll you'll see a spread gap And and you'll see the transaction take place at a higher area And there'll be a gap in the spread because the best bid will still be down lower Okay, all of this kind of information we go through in the book map educational course understanding the the market moves sweeps of the limit order book And skews in the auction and how it affects price And that's just the beginning. Okay, then we're starting to put that into context of structure Okay, and then we start to look for opportunities and then we and then the final part of that educational course is to Integrate some of the advanced features and look for correlations Okay, and higher probabilities All right, well here we are now we're testing right into these guys here and they're still staying in the book So the answer to the question if they have the intent to trade is absolutely they do I mean we can see the transaction here and look at the sellers here the bid continues to test Now we're trading into them. Okay. Now. They're starting to some of that liquidity is getting filled and some of it's being pulled Okay So it's kind of a combination here. I mean they have the intent Not much is traded here only 18 contracts have traded so far Okay, but you know, there's another level right below it here at 06 Okay, and they are getting filled and they are staying here Okay, and but the sellers, you know, they're just not taking the bait here Okay, they're not they're not There they go now now they're taking it. Okay, so so the sellers did take these guys on okay note the transactions that just occurred Okay, now we have a little more insight to what's going on here Okay, next level is 05 here if the sellers are getting aggressive and we're going to trade down to lower lows here This is where we got to go. There we go 05. Okay, 04 Okay, so we just witnessed the breakdown here and we saw how this occurred Okay, looking now for a retest back up into this like 06 level because this is where the sellers initiated They're selling Hey, let's see if we get it All right, so yeah somewhere somewhere around here. I would say 06 06 and and maybe a half all the way to the beginning here All right. Now I'm looking for this set here comes here. Here's our retest right now. Are the sellers still here? Okay Well, is this just a stop hunt? Okay, I don't see the sellers coming in to support this. I see buyers coming in All right, so now we may have a test to the other side of the range here Okay at 08 All right because where are the sellers? Okay, we can answer the question Well, they they they sold here and they took these guys on but they're they're not coming back in right now Okay, so we might have this is a failed auction here Okay, these these guys that sold to the downside are trapped and they're gonna cover They're gonna be buyers these guys that sold now are gonna be buyers. Where are they gonna buy? They're probably gonna be buying up here, right? And that's exactly where we're starting to charge to you right now All right. Anyway, I got to end this webinar and I gave you guys the link to the next webinar So you can come in and and take a peek Let me know if you need that again Else let's yeah. Okay, so here we are above 08 about 09. Okay, so we just saw that Just just by reading this we we understood what what was what's happening here looking for the retest Looking for sellers to support it. They didn't show up. We see buyers instead looking for the other side of the range And we got that and then some All right. Okay guys, I'll stop this recording and I'll see you in the next webinar