 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities in futures involves a substantial risk of loss And it's not suitable for all investors past performance. It's not indicative of future results for more information go to bookmap.com There's a free trial available there for 14 days It not only gives you the software product for 14 days, but also access to the advanced order flow webinars and other resources The idea here is to These these webinars go through the platform detail webinars, they go through just what bookmap is defining it showing what is displaying and then Asking or answering any questions that you have regarding components and features and then In the advanced order flow webinars We we really dig into the order flow so that those that are current customers have an understanding of You're really how to use this tool in the live markets. Okay, so that webinar is at 11 Eastern every day Okay, if you have any questions reach out to us at support at bookmap.com Let's see here. This is where you can find bookmap. Okay Let's see bookmap.com. Let's click on explore. There's a few intro videos up here We can scroll down a bit further and see more information. There's the bookmap partners here Bookmap for equities if you guys trade equities, we have NASDAQ total view connect connectivity It's an excellent data feed. I can show some of those if you'd like to see them Go down a bit further You will need a data provider Okay, we are not a data provider. We are a software platform So you will need to connect bookmap through your brokerage or your data provider And these are the ways that we connect Okay, a little bit further down Pricing tab. Okay, so this is where you can give the free trial here so you can subscribe to the basic advanced or Reach out to us to learn more about the a quant features. So The bookmap basic is 49 per month build quarterly and the book map advanced now the difference between these two Are the add-ons and the ability to trade right from the bookmap chart? Okay, so The one click trading is an advantage because you have the liquidity map there in front of you and you can make trade decisions based on that to You know help Find tune your entries and your exits All right, and then you can see that we have developed quite a few proprietary indicators that are based on Order flow and order book or volume and balances Larger traders in the order book with a large lot tracker iceberg detector In a correlation tracker okay with other markets all right, so Yeah, give it a try if you haven't already and then you'll have access to all the other resources Here's our Twitter page if you want to follow us on Twitter at book map underscore pro and Then you can you can also see the or subscribe to our YouTube page here and scroll down a little bit You can watch the intro video here, and then there's the features and components Playlists, so I would click on this playlist here And it'll take you to let me just open it up this way It'll take you to all of the different Videos that you have in that playlist to just get a feeling for they're pretty short give a feeling for what some of the Features and components are in book map that would be the first step to understanding what's going on with book map And how to use some of the features and then down below that you can see these order flow video snippets Hey, these are very short videos that go through phenomena in the order flow, okay, and this is where book map shines because it can Offer a unique Visualization of the order flow, okay that other Platforms don't offer and this this allows for a lot more transparency into that market Okay, so this is what we go through in detail during the advanced analysis webinars all right and Then further down here's some of the pro traders that using book map and some of the selected webinars If you want to take a look at what some of those advanced order flow webinars look like you can watch some of these And then we have a futures trader 71 Several webinars from him. He's a book map user and you can look and watch how he uses it Okay, let's jump into book map. All right, so I'm gonna take a look at the NASDAQ today and Let's see here All right, so here's our 930 open you can see the wall of Volume begins in the sub chart here We have also indicator panel as you can see here and this indicator panel is showing the cumulative volume Delta and I'm actually going to close that and For those of you who are new here first off I want to welcome you and Secondly, I know this looks like there's a lot going on here. It's actually really simple stuff We're showing just three things here in the book map chart We're showing historical best bid and offer the volume Okay, and and the volume where it traded on that historical best bid and offer and the amount of the size and the type of volume Okay, so it gets into the details of the volume And then we're showing the Historical limit order book. Okay, so here's our limit order book over here in book map Okay, this is the depth of market All right 10 deep on the on the offer 10 on the on the ask All right, and then in this window is the same thing now We take this liquidity that you see here like these 103 or 90 98 contracts here and and we paint this in the heat map and then it is Recorded onto the chart historically, so you have an understanding of outside of price traded price What was going on in the in the auction? So you can see there was a lot of buyers here And you can see that they pulled to some of them traded down here at this level But they started to pull as you can see in this this area here And they were got they got a little aggressive here, but then probably pulled here We can we can zoom in and check that out later, but to see the details Anyway, we have a good understanding of the intent of traders in the auction All right, so let me get more into that and explain it and I'm going to do that by Taking layers of data off Okay, we'll just look at a simple candlestick chart. All right, and Now in in this candlestick chart This is actually a new feature here. I'm going to actually turn that off. It's a little distracting Okay, we're showing VWAP here Which is a nice new feature here Anyway, that's on the candlesticks so here's your basic candlestick chart and We can we also have the volume sub chart down here So, you know candlesticks show us open high low close of a five-minute period in this case Okay, it's only four data points and we're kind of reading the tea leaves here and guessing Based on what we see in the candlestick pattern What's going on here? And in this area here, well, it'd be really really tough to to make that decision Because you can see that we're going sideways There's pressure on both sides of the market and the open of that period and the close of the period is very They're very close to each other and then you can see buyer stepped in okay We made it up to new highs here for the session and then seller stepped in and pushed it down below and made new lows for the session so My point is that if looking at this data here We're making financial trading decisions based on very limited data. That is very opaque. Okay, where's the volume? Where did it trade how much what type of volume was it? What about the auction? Where were they lined up in the best in the bid in the offer? Okay, that's gonna have an effect on price And we have no Insight to any of that on this chart. Okay, so let's just turn on historical best bid and offer Okay, and what this allows us to do is now you can just see historical best bid and offer going back and forth here and this allows us insight To microstructural areas immediately. Okay, like down in this area here You know, you can see the sell-off and then we went back and forth for a while All right, and we went up above it if we did not hold above that structure We came back down, but we did not make a low here okay, and instead buyers came in and Move to move price up and then it looks like under this area here. We're probably gonna find more buyers Especially here. We're gonna find more buyers. No question, but now we're starting to understand volume and Price activity within the structure. Okay, and that again is lacking here in this candlestick chart Okay, so let's turn on the volume Let's take a look. All right, so we can see there's some some green up in these areas here And this is what we were anticipating. We're gonna see the aggressive Buy volume pulling price up. It actually more was up here I thought we'd see maybe a little bit more here, but we don't All right, we see it over on the other side here But we got a retracement and then a move back to the upside. Okay so Anyway The volume let's zoom in here and let me show you What kind of volume or how we're displaying this volume and classifying it? Okay, so here's our historical best offer the red line and historical best bid is the green line And now we can use this data tip tool and we can hover over these dots. Okay, what are these dots these dots? Our transactions that took place on the historical best bid and offer Okay, this red dot here for volume of seven. You can see I have the date the time What was on the bid at that time at this price level and the volume at that price level? Okay, this was for volume of seven now I can probably zoom in continue to zoom in here and we'll probably break this apart into several trades and indeed we have Okay, in fact, let's you can see that in the timeline here. We're down at the millions of seconds okay, so We've we're recording every single piece of data that comes in through your data feed Okay, and that's an important distinction here Because we're not aggregating this data every event every Single event is recorded Okay, that we receive from the data feed and it's projected into book map and Now we can see really what traded here and how these markets trade, you know They don't trade with a size of seven. They you know, they they're broken up into many many different trades Anyway, as I zoom back out, you can see that visually Okay, just just visually we're aggregating this together Okay, so in all and all in all here. This was for volume of seven All right, and now we have an understanding of What took place here now? This is aggressive selling. Okay, someone hit the market sell button and The transactions appeared here on the best bid it took liquidity from the best bid All right On the other side a green dot is a market buy someone hit the market buy button and they're lifting the offer. All right Okay, so that's the volume. That's what we're displaying here and where we get Many many trades happening at once you can see here We start to Again, just visually aggregate this data to give you the overall shape and delta of that volume So there's some selling up here as well in this in this cluster of buying. Okay, and but This cluster of buying is giving us a lot of insight here. Okay now if I continue to zoom out We can see that over three-quarters of this Of these transactions with this big dot of 118 Contracts the majority of it is aggressive buying. Okay, and it's lifting the price Okay, it's lifting it higher and higher as you can see and Yeah, very indicative of a trendy market here higher Bigger volume aggressive buying at higher highs Right and the swings to the low side. We see a less volume in these areas here Okay, and and it's selling and you can see that the selling here is not much All right, so rotate back up price discovery to the upside And it continues to discover until something changes in the order flow. Okay That change may be occurring here. We see some selling coming in Not really. Okay, and we see selling coming in here and also a cluster down here Right Which gave us some pretty good insight because you can see that's where the the move took place to the downside here All right. Anyway, that's the volume now the volume is important and it's a it's a big part of the order flow and understanding of the Where traders are committed in the marketplace But this is over the only half the picture. Okay, what about the Best bid and offer what about the current market the the auction what's going on in the auction? Okay, and this all these markets are they are auctions. Okay, they are defined as auctions and And they function like that and we can see here This is the limit order book here the current order book in book map. Okay, this is your depth of market Okay, that's been offer here and then depth on the offer depth on the bid These are traders lining up here providing liquidity In contracts. Okay at these price levels. They're they're bidding. Okay, they want to be buyers at these price levels 6107 is the highest we see 78 contracts here 610 we see 102 All right, so and this is the current state of the auction Right, and this is a good view It's very helpful to understand this but we want a Bigger picture view of this and the problem with the the the current order book is it once this with this data changes here In this price ladder or in the depth of market here Then we lose that data Okay, once it changes and we don't know what it was. Okay, so That's a problem because we if we can see how they were behaving at a price level over a longer period of time We have insight to their intent to trade at that level and we can also start to understand Their behavior at that level are they pulling okay as price is coming down. Do they pull? Do they add at lower levels? Well, that would be bearish Okay, what if what if price came down toward these toward them and they're adding in the book and They're adding at higher levels. That would be that would be bullish. They really want to be buyers Okay, so all this kind of behavior we can now display in the historical limit order book All right, and here it is. Okay, so as I was Beginning with the webinar here in this window we take these numeric values in the limit order book and we give it a graphical representation in the heat map All right, so high liquidity is painted bright white other areas are painted That are not as high are our grayer okay, the Smallest areas of liquidity are the darkest All right, and as I zoom out now I have a pretty good understanding of their behavior So these guys up here for example They're starting to pull their liquidity. Okay, and where they were where they adding we can see it perfectly right here Okay, they're pulling liquidity here and adding it up above. Okay, so this is kind of bullish They're on these sellers are on the retreat. They don't want to be sellers at 61 11. I want to be up here at 61 12 now they're up here at 61 14 Okay, so we have an understanding of the intent of some of these traders all right, let's take the candlesticks off and Take a look now at what price is doing right now. All right Okay, so We can see here a nice breakout of this level here. Okay, where there was high liquidity previously and Now it looks like it's starting to flip over from the offer to the bid Okay, so we have potentially now we need to see if we accept above here but we see quite quite a bit of volume up here and It's yeah, it looks like it wants to continue on up to hit some of this higher Liquidity up here on the offer Okay, we may get a pullback here, but probably a pullback into Maybe some of these areas here or to test this liquidity here Hey, they were bidding up at a higher level now and that's showing kind of bullish behavior here Now they're starting to pull as well. So maybe they don't have the intent to trade here Okay, but we can we'll be able to read it here and we'll read the the order flow as it as it unfolds Okay, this is what we do in the in the live webinars for the entire time start to Read this put it together and anticipate price price movement. Okay, so for example, you know based on what we just saw we're looking for maybe a test up here into this 13 and a half or 14 area All right So this is the new Potentially new range here Volume and time and price starting to accept above this 61 11 area Okay, so any questions? Well, this is what book map is showing you And this is the kind of insight that you're getting here that you're missing in in other platforms to understand the of the volume exactly where it traded how much and What type and the overall shape of it? Okay, so now we're starting to exhaust out here Right. Look at the look at these little points up here and we need to see big Volume trade up at higher highs here and that would be the the the trending Environment we're looking for okay. Well, we we're starting to exhaust out We're not we're not we can see that a price kind of is rounding out here And we're seeing that they're getting kind of interested here Lowering the offer 61 13. Okay And and we note that there's less aggressive buying here So maybe we'll get a small rotation back down into this area here around 61 11 And let's see if sellers come in. Okay now we're looking for If we're going to get that pull back here We're looking for these sellers to start hitting the bid and there they are they just came in Okay, so And we'll see now if buyers think that This new reality of price at this 61 11 is is a deal And maybe they will start to buy again on on this pullback looking for Price discovery to the upside Okay, and you can see buyers are coming back in so we're we're in a range right now between this 61 10 and three quarters and 61 13 Okay Anyway, uh, that's more or less it. Uh, any any questions okay Any any traders out there that um a trade using the volume profile Or any any traders using some sort of a volume study And what what type of study is it if you if you could? Okay, here we go. So coming up now We got our little pullback and now aggressive buyers are back in And they're pulling so we can see here that these guys started to pull their liquidity up here, too Okay, Jim. So yeah, you you look at some volume studies. All right. Well The reason I ask is that um the Book map works really well with auction market theory and in volume profile and it's just What is easy it's easier. I think for um Volume profile traders In general if you know then they start to understand context of the marketplace based on the volume Okay, uh based on like, okay. Well Let's let's study some of the volume. All right, so uh, uh, you know, we're looking at Well in this area here, you know, we were looking at more volume trading up at these higher areas Okay above this swing here. Okay, so it's making a new profile. Uh, and um, You know, it we're gonna see a um a low volume node and in uh, And let me just kind of map this out here Okay, there's going to be a lot of volume here and now we're starting to see a lot of volume here This is going to be your low volume note Okay, and you can see it here in this chart Okay, uh, and um I'm gonna make this a little bit bigger all right and uh, yeah, so uh, here here it is here with this, uh, um Chart range volume profile and it's actually I was looking for a little bit smaller, uh, or you know A lower volume node here at 61 11, but there's some there's some big volume that traded here. So, um, anyway, the um The point is is is starting to starting to understand like for example The volume in this area, uh, it's mostly buying Okay And uh, we then we started to note that it started that buying started to uh to curb up in this area here All right, we're looking for a little bit of a pull back Maybe down to 61 11 we didn't even get that far. I just came down to this uh 61 11 and a half and then buyer stepped in and We we made higher highs here Okay, so understanding that the pressure here, uh in volume profile, uh, you know, mostly buying. Okay pulling this price up and um but Understanding that context of this volume and putting the pieces together Okay, uh, and using that process is the same type of process you will use for when you turn the volume off Okay, and then we start to just um, I look at the context of the auction Okay, so, uh, for example, uh, if we zoom in here click on the hand tool I just we'll just zoom in here. Uh, we can see here how you know, they're they're They're here on the offer. They're pulling and they're up at uh at higher areas Okay, and then we noted in in this area. They started to get a little aggressive Started to bring it down here, but then as price came back back up they pulled Pulled again and pulled again All right, so the context here, so they're actually um pulling liquidity to higher areas. It looks like a transaction occurred up here Uh, because we see the high, uh liquidity here Uh, so it's 102 contracts and uh price went right into it. Okay, so we'll probably see a big volume dot up here and The transaction took place All right So, uh, uh, that's where this works quite well understanding liquidity and most of us are not accustomed to understanding liquidity All right, we're under we understand volume all sorts of Derivatives of time price and volume all sorts of indicators looking for some sort of advantage using those indicators instead Using the heat map here. We can we can understand the intent of the traders Okay, and we can kind of um Uh, because this is really what what matters here is the intent of the traders and their commitment with their trades Okay, so uh one we we need to put that into context And we can we're reading the context here. Okay, we read this uh flip here as you can see from uh from the offer to the bid and this Volume trading up above this this uh structure here And most of it was aggressive buying here. Okay, and we got price discovery to the upside and these guys pulled up here Okay, we're looking for a little pullback. We did get it. Uh, and then we saw them come right back in All right, so anyway, um, I hope that helps uh understand context, uh of the liquidity Okay, the auction, uh and um and putting that together with the um The traded volume. All right, so let's turn on the volume and there's our big transaction up here and actually even more down below Okay All right guys, well, let's call it a day, uh, and I will see you in the other webinar that we'll start in just a minute Okay. All right. Thanks guys. Take care