 Okay, this is Bruce Bookmap. Welcome to the platform details webinar risk disclaimer trading equities and futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. For those of you who are new and I see some new faces in here as well go to bookmap.com for some details and there's a free trial available and that will give you access to also a bunch of resources that we have. One is including the advanced order flow webinars. Any questions reach out to us at support at bookmap.com. Okay, let me show you where you can find the trial. It's here. It's under the the pricing tab. Okay, and and you can see there's a three different offerings here. Now it's basically all the same here. One, it's just there's just bookmap. Okay, and that's bookmap basic. It's 49 per month. It's billed quarterly. You get a 14-day trial period and then there's the bookmap advanced here. It's just add-on features. Okay, so what you get with this one and it's 99 per month billed quarterly is you get the one-click trading. Okay, the ability to trade from the chart and I'll go through a little bit of that today. And then you get these proprietary indicators that we developed that cover some of the details in the order flow. Okay, and then for those of you who are quants and want to look at your own data you'll want to use some of those features and you can click here to learn more about that. Right, you can also follow us here on Twitter and then there's a YouTube page and since this is the platform details webinar I would encourage you guys to watch the features and components playlist here. Okay, so click on the playlist and that will take you to the playlist here of all the different features and components and just get it you know an overview. I mean there are many in here but we just want to get an understanding of the you know the basics here so start with the book map 6.0 overview. Alright, okay well let's get into book map and what is it showing us kind of debated here going back and forth between oil and the NASDAQ e-mini and I'm still looking for oil to break down due to the weakness of the US dollar so I'm not sure which one to cover we see the movement here in the NQ to the upside so maybe we should take a look at that. Yeah oil seems to be kind of slowing down although it did break down here a bit. Anyway let's let's take a look at both in the in the order flow and okay so this is oil and yep go on sideways here. Alright and what does NQ look like? Okay we can see the move to the upside here. Okay now don't have big expectations for today due to we have the FOMC meeting minutes at 2 p.m. to gain some insight on that so I probably see some sideways action and some trappy trappy activity here in in the markets okay so I'll keep that in mind let's let's stick with the NQ I think because there's some good things here we see the breakout and high liquidity up here at this higher area and so let's zoom in a little bit. Alright so there's a lot going on here in book map what is it showing you and how to start to understand all of this data here and there's a lot to look at okay now it's actually really quite straightforward and simple. I'll take the it can take the candlesticks off here for the moment and and we'll let we have an indicator sub-panel here okay showing the cumulative volume Delta I'm going to close that window and what are we showing you here okay so it looks like it's there's a lot of data and but it's really straightforward we're showing you three things historical best bid and offer okay really where price what what the print was and then we're showing you the volume on the historical best bid and offer that's what you see here with the dots okay and then we're showing you the the liquidity map okay so this is your dome what the dome is over here in book map okay we're all accustomed to looking at a dome understanding best bid and offer and the depth here on the on the bid and the depth on the offer okay now we just take that data okay we give it a graphical representation in this window okay with the heat map okay area that's bright is high liquidity and where it gets really interesting though is we take this data here and project it onto the chart okay so we can see the historical dome here current and historical and that's it that's all you're looking at here so let's go through it and simplify it and we'll take off layers of data here and just look at a candlestick okay so here's our 930 open okay and we can see the you know the volatility here and the volume as well at 930 and we can see the initial kind of move well back and forth here and then finally we see a move here to the upside okay some decisiveness at around 10 o'clock and yeah so we all know this is open high low close and we can read the wicks and the bodies etc but the the problem here with this candlestick chart is there's so much data here that we just have no clue you know what's going on we have lack of transparency into the market with looking at the candlestick okay for example where did the volume trade we have no idea here we have a volume sub chart that's just showing us spikes in volume or lack of volume we have no no idea where the volume took place in this five minute period what type of volume and how much and yeah that's more or less it so we will turn on the volume here in just a second but even before that we're just going to turn on the historical best bid and offer here okay what this allows you to do is you know price just aggregates or it just goes back and forth within a five minute period on the candlestick okay and there's all sorts of structural details within that five minute period that is lacking in the candlestick we don't see it all right we see the bigger structures and in fact there's a pretty nice one that we can see right here okay we can see this this range going sideways here and then we see the breakout bar here all right so I'm going to draw that in actually okay right here this is more or less where we broke from and we can see we actually came back down and retested it and we accepted higher okay now we're looks like we're poised to come down and test it again here okay and we'll see if there's buyers still here or not anyway if we zoom in click on this the move tool the hand tool okay this will allow you to scroll back in time or forward like this or you can just hover over an area and zoom in really quickly with your center mouse wheel okay so you don't need to use the zoom tools here and this is what I'm talking about in terms of microstructure okay a little structure here some sideways action a breakdown okay some sideways action comes back up into the structure and it breaks out of that structure we get a retest back to where where it broke from and we started to accept higher okay and we broke some of these areas here okay this is where the move took place okay actually right in this area here okay this is what started to give us just looking at the microstructure I know the structure is broken I'm starting to anticipate there's going to be some a lot of buying probably in this area right here okay and then pulling price up probably a lot of buying up in these areas too pulling price up as they lift the offer okay all of these little structural areas have a lot of significance they unfold into bigger structures okay it's the same idea looking at this area here and the breakout occurred here okay we're going to see a lot of volume up in this area too I imagine okay but the move actually started down here right so let's let's verify that and we're going to turn on the volume dots okay and here we go okay well here note the the volume that took place above this 65 area okay so just like we anticipated okay let's come down in this area here and take a look all right and note the a lot of selling here okay these big dots here and red is aggressive selling green is aggressive buying okay so they're they're mostly selling here pretty hard and then we see it kind of dry up here we don't see a lot of selling we don't even see a lot of volume compared to over here okay but it starts to pick up here okay right where we're looking for and and look at the type of volume here okay this is aggressive buying right now let's zoom into this area and let me let me define what some of this is here because what do I mean by aggressive buying and selling okay well if I zoom in okay what we're looking at here is the historical best bid and offer the red line is the historical best offer and the green is the historical best bid okay you can see that there's a little bit of spacing in between here that's the spread between best bid and offer right and you can see that the green dots here this represents an aggressive market buy order the trader wanted into the market immediately they hit market buy they took liquidity off of the best offer and they paid up the spread to do that okay so that's why we consider it aggressive okay the same here with a red dot it's an aggressive market sell that took liquidity off of the best bid now let's zoom into this area and you're going to see that we record every single trade activity okay and note that that one dot is actually three separate trades here for volume of seven I can see over in my column here alright and we can use this hover tool here or the data tip tool and they can see this is a volume of one this is a volume of one and this is a volume of five okay and we can continue to zoom in and note that that volume of five is actually another three trades okay now we're looking down here at microsecond levels okay and our complex event processor here can handle all of these data points okay so now we can see this is a volume of one three and one okay let's let's continue on maybe this is broken up into other trades as well and it is not okay now we are down at the nanosecond level we're looking at billions of seconds here okay now the Nasdaq's a little more lightly traded it's really good to see this kind of activity in the ES you know it's a quite amazing to to witness but you just the this is still the concepts are the same here these we don't trade at these levels at nanosecond or microsecond level but we have all the data here now as I zoom back out I'm compressing the timeline okay and it compresses into a larger a larger dot okay for a volume of five okay as I continue to zoom out I'm going to compress all of those dots together and they're going to turn into a larger dot so you can see here that we have all of the data and it's just aggregated only graphically okay it's all there you can zoom in and you can check out every single market event okay we record it all and a bigger dot more volume okay this one is for volume here of let's see looks like 14 okay right now you can see some of these dots as I zoom out a little bit more that we compress the timeline more and you can see that we have a pie display of the of the volume and it's showing it the overall delta of all of this volume because there was selling in here as well as buying hey we can see though is however over here is for volume of 35 and the majority of that is buying okay because it's green okay so now the distinction between book map and other products like footprint charts is that we don't aggregate the data okay it doesn't go back and forth within a candle or a time period or a bar rotation okay you see every single structural event and if you want to see structure after structure just zoom in okay we can we can see there's a breakdown here they lifted the offer up above here and we're now we're trading a couple takes above it goes on and on is fractal okay this is where we were looking earlier it was in this area here that we saw the break and this is where that move took place okay this is giving you a lot of insight here it's going to be a little bit different to see that within your your footprint chart you're not going to be able to understand what what really happened down here and then how they broke that structure and started to lift the offer because this is really what occurred all right and we've got all that detail for you okay so that's the traded volume let's go back to the current market and the the current market here me I've got this cloud notes I wanted to show you guys but I'll maybe cover that in a little bit the in the current market okay we there's another side of the order flow we want to understand okay not just the traded volume traded volumes important but we also want to understand the auction okay where are they in the auction okay are they showing heavy liquidity on the bid at what price level how much what about the areas around it and what about on the on the offer on the offer up here on the bid down here okay these are it's going to give us a lot of insight to how this what's the demand for this product okay in the auction okay so that's a very important part and we mostly access this through the the dome okay and in the dome and in book map is called the current order book COB and then the this is the current book right and it's good to see the current book but look at how these numbers are always changing okay so we we we know that there's pretty high liquidity down here 86 contracts but as soon as this data changes that data is lost we don't know what it is any longer and that's an issue because we we want the insight you'd have to remember that level mark it down or you know have a mental map of how they're bidding and offering within this auction okay so for the current order book it's fine and I like it I think it's it's good information to see this however it is rather taxing to try to remember it and utilize this data okay and that's where book map solves the issue okay because we take this data here okay and in this window here this is your best bid and offer right now this is the current market window okay just like the dome and this is the last rated volume okay this number and then what we do is we paint the the liquidity here in a heat map okay so you'll note areas of high liquidity are going to be painted with a brighter area okay and note how as soon as the liquidity is added and pulled the heat map changes okay to reflect those changes in the book okay so you can see it's you know changing pretty rapidly here in some of these areas but where this really becomes insightful is we take this data here in the heat map and project it onto the chart historically okay so we just saw these the heat map changing in this area here well this is what it looks like here these striations in the heat map okay so they're adding and pulling liquidity here okay now where this gets really interesting is we're starting to understand the demand here at this 67 and a half level okay and we want to see if these guys are gonna remain in this book do they really have the intent to trade and we can start to gauge that we can start to understand the behavior of these traders okay this is very much like in the pit back in the days where you hear a lot of pit noise and you're gonna see a lot of buyers down in these areas here that that would be a kind of akin to the the pit noise right so there's there's demand for the product okay what about on the offer well it looks like they're up here at 73 and and maybe we'll see them come in yeah starting to show it here that 71 and a half okay so as we zoom out we can we can also see something really interesting here okay this is what I was pointing or wanted to allude to earlier and the bigger picture this becomes really insightful because we can see this break here that we originally drew in at 65 and a half okay that's where we saw the breakout in this volume here really pick up on the buy side we we traded above this this range okay look at them on the bid okay where are they bidding okay they're bidding at where this broke from okay even a little higher now okay where are they on the offer well they're up here okay between 76 and 77 okay so now we understand that there's demand here this new range this new trading range above 65 and a half is we have time and acceptance in that price okay the auction is now taking place up here okay not down here okay and we can see it in the book we can see the demand for it here between 65 and 66 right so we can start to read the intent we have it we have the overall understanding and structure here but we also have the understanding of where they're bidding okay what if they weren't bidding here okay and this is the distinction I wanted to make between understanding or using this information in the heat map if they weren't bidding here well you know we'd be looking for you know coming down to 55 instead of 65 so although the the traded volume is good information the other side of that is understanding the supply and the demand okay in understanding the auction and this gives us a lot of insight okay they're supporting price they want to be buyers here this is the new reality of this instrument okay of the value of this instrument all right so that's that's book map in a nutshell and let's turn off the candlesticks here and we can get into some of maybe the one-click trading some of you guys were asking about earlier you can trade from the book map chart if you have the book map advanced features okay that's what I was showing you here earlier the book map advanced oops not here I'm sorry not here here okay book map advanced in that yeah that one-click trading okay there's a lot to go through in the one-click trading and there's a lot of features so I'm just gonna show you the some very very basic features here okay so we'll open it up here this is the one-click trading the hide and show trade control panel okay so let's click on that and then we move my cloud notes over I'll go over the cloud notes with you guys I think in the advanced and we'll now this is the trade control panel let's enable it okay and we you can see all the different features here you know your orders and your size you know you can have market buys market sells we have bracketed orders OCO orders trailing stops etc but in general the one-click trading works within this window here okay that current market window okay left clicking in here is always going to be a buy depends on where you are in in relationship to price okay if I left click down below okay let's choose a size of one all right if I left click down below then I am setting a limit buy order okay and you can see here's my limit buy and you can also see I've got the bracketed orders set up so my take profit is 12 and my stop loss is 8 here's my stop loss it's the beige is the buy okay my limit buy here at 68 and then my my sell stop here is at 66 okay that's eight ticks and then up here at 71 is is a 12 ticks away that is my limit sell okay so that's my take profit okay now you can left click here just just to the left of the this vertical white line just less left click and we can change the quantity of this if we want to two okay and then you can also you can see that as I hover over to the left here you can left click hold and drag this order okay and it's going to drag all your stops as well okay and you can see as I zoom in here you can see every single activity here's this little dot here signifies where I changed it from one order to two okay and then here you can see I moved it all right and you can see how much time I this is when I initiated that limit order here so you have all of this trade activities is recorded in the in book map whoops that's not what I wanted to do okay I just I just left clicked above this this area here I wanted to actually just kind of zoom anyway if you left click above current price that's a market buy okay and you can see I'm I'm filled right here's where I clicked and this is where I got filled and you can see my position is one and something's a little a little off here it should be now I guess it was a little bit of delay here yeah yeah that's what it was okay okay so that's let's let's flatten that again just flatten it and then let's let's go through that again all right so left click below and let's take the bracketed off here just to make it simple okay left click below these are limit buys okay and a left click above current price that's a market buy here here's my here's where I clicked here's where I got filled in this this beige line that's my position okay okay so that's how it works with the one click trading and let's let's just flatten this and and then you can see here's where I got filled here when I just flattened it okay it just closed my open position with a market sell right now for selling it's right clicking in this window in the same activity above and below current price if I'm selling above current price I'm setting limit sell orders okay and if I'm left clicking below okay this is a market sell right here I clicked at 67 here's here's my purple line at 68 and I am now short in this market one position as you can see up here here's my unrealized profit and loss and this is my total profit and loss right here okay all right so that's just the basics and there is a lot more we can also hold down the shift key and whoops you see the line type here these are sell stops okay so if it comes down here it will fill me and then I will be short another contract here all right so you can see double-dash line is the sell stop and then if I that's holding down shift and right clicking below price if I hold down shift and left click above price these are buy stops okay anyway let's flatten it all let's call it a day here and move on into the advanced order flow analysis webinar we'll see you guys tomorrow okay bye bye