 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities in futures involves substantial risk of loss It's not suitable for all investors past performance is not indicative of future results for more information. Go to bookmap comm There's a free 14-day trial period It gives you access to the platform for 14 days And as well as access to advanced order flow webinars that does start in about half hour And all of our other educational resources. There's an educational course and there are several other videos You can reach out to us at support at bookmap comm with any problems or questions that you have And let me show you Where you can find bookmap? Okay, so anyway, this is our website up here Just click on explore and there's an intro video here So just like a minute long. So I would recommend if you're new to bookmap Watch this just get a feel for what it is There's all the different benefits we can go through here. We're just going to scroll down and Yep, here's a You know about bookmap you can click here to sign up for the free webinars This is the platform webinar that you're in right now And then more of the benefits here And as it continue down you can connect bookmap also to us equities through NASDAQ total view It's an excellent data feed for these reasons over here And then we'll continue down here You will need a data provider. Okay, bookmap is not a data provider. We are we are a trading platform just like Ninja trader or You know e-trade or e-signal or trade station Etc. All right. Now we do connect to the API in Ninja trader as well as TT X-Trader Pro As well as the interactive brokers traders workstation Okay, so you can also connect into the API of some of these platforms Other other connections here just directly through the data provider just like any other platform. Okay Here's the 14-day trial period Okay, there's bookmap basic and that's the only version there really is of bookmap all the rest are based on that They're just different features. Okay, so for example, you can see the difference here between bookmap basic and advanced Are these? well, one is the one-click trading trading directly from the bookmap chart and we have a Cache here of proprietary indicators that look specifically at some of the large players in the Market like using large lot tracker as well as our iceberg detector And then we're looking for order book and balances and volume and balances as well as how they relate to other markets with a correlation tracker Okay, Quants, you can reach out to us here for your own Needs at connecting to your own data proprietary indicators, etc. All right Okay, that's bookmap that you can follow us here on Twitter. Okay at bookmap underscore pro You can also subscribe to our YouTube page and you'll find several videos here And just to get started I would recommend watching some of the intro videos that you see here then maybe take a look at some of the Features and components just the basics get it get an understanding what bookmap is and what it offers And then there's these video snippets here. Okay, this is what we cover in more in the advanced Analysis webinars that come with the free trial. Okay, so These these concepts these this phenomena that we see in the order flow we cover in detail So you you get a firm understanding of what it is You're looking at in bookmap and the advantages It gives you and then in these in these webinars we look for the Or we anticipate the the future future price movement based on a lot of these concepts in the phenomena here Abdul, thanks for the spelling For for quants there I'll get to that Let's see the Okay, well that'll give you a good basis understanding what bookmap is There's some professional traders here as well And if you want a sneak peek into some of the live advanced order flow webinars There are some recordings here that were back in August. Okay all right Okay, well, let's take a look at some of the markets and I was gonna look at maybe oil wasn't sure maybe Nasdaq maybe oil Let's take a look here. What's oil look like in bookmap here because some interesting stuff in oil But we're at all-time highs yet again in Nasdaq, so let's just jump over to Nasdaq that might be a little more interesting I mean we see some this phenomenon is just it's just fantastic to see in bookmap and how it relates to liquidity and You know where the market comes to and trades so Good good examples there let's jump back to this Nasdaq and what do we see here? Okay. All right. Yeah, we'll stick with the Nasdaq. Okay. Well, let's Zoom in a little bit All right now for those of you who are new here to bookmap now. This is a very unique display of the market and It's really nothing new It's actually it looks like it's really advanced etc. That there's a lot going on here It's actually really simple stuff And there are three things being displayed on this chart. Okay, and I'm going to we have a Subpanel indicator here that showing the cumulative volume Delta and there's all sorts of studies for these as well but I'm going to close that window up and We're just going to look at the I also have some other You know, you can see the iceberg indicator here with these numbers I'm going to actually shut that off as well. So we won't look at any of the indicators so The basics of bookmap what we're looking at here. It's really pretty simple. It's just looking at historical best bid and offer and Then these dots that you see here are the trades that took place on the historical best bid and offer and then what you see in this Grayscale heat map. It's just it's the auction. Okay, where they're lining up to bid and offer Okay, now this is the historical view of it and that that's really the the distinction here All right, so to further explain We're going to start off with a candlestick chart and I'm going to take off all of these layers of information And we're going to make it pretty simple here. Okay, and let's zoom out a bit. Okay so This is a five-minute candlestick chart all right now is open, high, low close of a five-minute period and And And that's that's all the data that you're getting here. Okay candlestick. I mean to give it some credit You know it you can start to read some of the pressure in here by looking at some of the candlestick patterns, etc with that open high low close however Open high low close of a five-minute period There is so much more going on here that can lead to a lot of insight of what's going on in the marketplace. All right, so there's a lot of opaqueness in this candlestick chart and we're making important financial decisions based on very limited Data in the in a candlestick chart. So how does book map solve that issue? All right, so let's just turn on historical best bid and offer and we're already going to see something Interesting and that is micro structure within these five-minute periods Okay, so how did how did price react? There's little structures in here and we want to understand These structures I can already see one right here for example I'm going to click on the move tool hover over this area and zoom in really quickly with my center mouse wheel Okay, so, you know, we see kind of a double bottom pattern here within this candlestick that you just see is a lot of wicks here in a very small Body a lot happened in here that we have no clue looking at this candlestick chart. Okay, so What we're going to see or what we do see in the micro structure Is this double bottom pattern here and then we see the break of it right above here? Okay, so we're going to we're going to probably see once we turn on the volume exactly where that volume traded and How we broke this structure here and we actually came back down and tested not where we broke from of this structure We actually get a little deeper pullback and Get right into the probably the the point of control of this little structural area Okay, so for those of you looking at volume profile are going to understand a book map in in its context of volume rather quickly okay So let's turn on the volume and let's see what's going on. Okay, so Looking at the dots here, we're looking at aggressive classification of volume so a green dot is equal to Market buys someone hit the market buy button. Okay, they took liquidity off of the best offer And red dot is a market sell and that we consider it the aggressor So let's zoom into this little area right here and let me show you what I mean Okay, so Now as I zoom in we get we get a really good picture of what really occurred here how this market actually traded and actually Where it bid where was the bid and the offer so historical best bid is the The green line historical best offer is the red and then you can see if we zoom in just a little bit more here We can see these green dots here on the on the best offer. Okay, that's the market buy Okay, if you want to know exactly what traded here We can hover over and we can see that we get the date the time What was on the ask here and the liquidity in the book? Historically and then the volume that traded at this price level. Okay, so this was for a volume of six Okay, this dot here is for a volume of two. This bigger dot is for a volume of nineteen Okay, let's zoom into this little area here because I want to show you how bookmap actually records all of this data Okay, now we can see Very clearly what really occurred here, right? Well this that volume that one big dot that we saw of nineteen is actually several smaller trades as we can see Okay, this is how these markets trade algorithmically and there's no question that this this is an algo Okay, that's executing on the best offer and how do I know that? We'll just look at the the mechanical Trading activity here. Okay, so we get it like a little cluster here of activity. It's all spaced out equally Again here again and again, right? So we can start to comprehend exactly how these markets trade and we're looking at You know microsecond level here We can continue to zoom in if you really want to see it And we can look at nanosecond level. Okay, just look at the timeline down here And you can see we're looking at billions of seconds now. Okay, it's pretty remarkable to Be able to see that but we don't trade off of those levels. So what good is this? Well, first off what good it is is to understand the algorithmic activity and how these markets actually trade Secondly is in these flurries of activity is is really what is part of the key here but Secondly though as we zoom back out and we're Basically constricting that timeline. It's not expanding anymore. It's contracting Okay, so we're just going to take all of this trade activity and it's going to be As we continue to zoom out and note how it's visually just visually aggregated Okay, and to give us the overall volume of 19 Okay, and a bigger dot. So we know that a volume of 19 here traded rather quickly Okay, so all the market data is every single event is there It's just that that and you can you can view it and access it But we also give you the overall delta and shape of that volume by the size of the dot The color of the dot and we know exactly where it traded as well Okay, now as I continue to zoom out Note how we display that volume here and this is that little area. We were just looking at okay note how The we give you the overall Okay, so if I hover over that that big dot that is now a pie display It's showing both buying and selling within this very small time frame Okay, and it give you we give you the overall delta. So we know about three quarters of this is aggressive buying Okay for a for volume of a hundred and eight right, so this is Giving a lot of insight here And it's even more insight than you would get through a footprint chart Okay footprint chart gives you the aggressor it shows you where it's trading. Okay, and it gives you the the number Okay, we're we're showing it to you visually here, but the distinction is That footprint chart is going to aggregate that data back and forth Okay, it's going to be similar to your five-minute candlestick chart or maybe it's a bar rotation Okay, but whatever it is there's all sorts of data here within this micro structure That gives you the insight to really what's going on here Okay, and that's what we're that's what I was talking about earlier. Okay, so this little double bottom here All right. Well, we can see the aggressive selling We can see how it pulled the market down and we actually breached it down here But it's right here. Okay, where the buyer stepped in and they sweep the order book Up to break the high up here. Okay, and this is actually something really indicative We see in a trend all the time is look at how much volume is trading up in some of these areas here Okay, it's trending upwards and in fact again in micro structure Okay, and this isn't so micro structure We're looking at two minutes of data between each vertical dotted line here But we're still getting a really good understanding of break out of an area Okay over this little this little micro structural range a retest of it here and the market again It you seen less volume trading at the lower High here and or the I'm sorry the higher low and then and then we rotate back up into trade into Areas where it can trade okay because the majority of the traders are interested at a higher price level And we get price discovery to the upside Okay, so all sorts of details you're really going to understand how these markets trade and Strategies to look for exactly this. This is something we cover during the live webinars Hey looking for a return back to where we broke from and Continuation and price discovery to the upside All right now that was broken down here But we see it resume yet again same structure or same idea here We break the structure and look where we come back and retest Okay, so actually the kind of interested in that retest we retested if I zoom in just a little bit more retested Usually we see it retest here right to where we broke from And find the aggressor You know lifting the offer here go back a little bit further here All right goes back a little bit further But and then you can see the aggressor on the sell side here They're going to be trapped as price moves back up and they're going to cover up in these areas up here And takes a little while, but we do get up into that area and again resume the trend as you can see Okay, all of that kind of detail now. It's not difficult to understand It's just How the market trades it's how the market trades to new higher levels time and acceptance and breaking of structural areas sweeping of the limit order book Etc. And this will give you a lot of insight To the behavior of price and when we start to look for Can't that continuation of the trend? Okay, so that's just looking at those very specific areas Some nice stuff to see there in this in this candlestick chart that is completely lacking of that information That's over here and then yeah, we we've seen the continuation here to the upside now the understanding of volume is key and It's a big part of the order flow and market market condition, however, there is a completely other side to it as well and Usually we access that through the limit order book. Okay, the current market behavior or picture of that Of the current market and that's in the dome Okay, over here in the columns this COB column. This is the current order book this here is the dome Okay, it's similar to your depth of market that you see in in your dome And what are we looking for in a dome? Okay, we're looking for where traders are lined up to trade Okay, we want to understand that it's important. I Look at the number of traders down here at 62 37. Okay quite a bit of liquidity down here In fact, this little white line is one of our add-on indicators. Okay, and it shows that About half of this liquidity is one individual actor with 80 contracts probably a little bit less maybe around 70 anyway So we understand that the market can trade down here. All right, so There's sellers. I'm sorry. I'm sorry. There's buyers down here and the sellers Well, maybe if we have some weakness in the in the market here They'll come down and and and they know that they can trade here because there's there's buyers waiting down here at these areas Okay, there are lots of different ways to read this order book, but The problem here is well once this and these these numbers change all the time as you can see Okay, when these numbers change That data is gone. We have no clue. What what what happened there? Okay, so a lot of traders that trade off of the dome Well, they're looking for just scalping a few ticks here or there may be a few points, but To get an understanding of what's going on in that limit order book can be rather tedious by looking at the dome Okay, you're gonna have to remember all of these areas and what it was like around this area If they pulled when price came down to it if they added in where they aggressive You know trying to front-run these guys. What about on the offer? Where are they? There's a lot of information to understand where book map solves that issue is in the heat map Okay, and let's turn off these candles. Okay, and we'll turn on our indicators as well Okay, and this now gives us a picture of what's going on. Okay, so So for example Pretty high liquidity. There's a lot of people here on the bid Okay, we didn't know that beforehand right because we just had the current the current dome And we knew that there was high liquidity here Well, we can see that there's a lot of buyers They're lining up ahead actually of some of these areas and they're actually it looks to me like well We can zoom into these areas to really understand it But they're starting to provide liquidity here and they're starting to absorb on the buy side Okay, now we're getting understanding of where traders are lined up and if they are transacting at these areas Okay, and it looks like the aggressive buyers now are starting to step in because we see that these sellers are being Are starting to be absorbed. There's you know down here at this 38 level for sure Okay, so and we can see that the market is now reacting to it Okay, we know that there's buyers here now we can start to target where it's in my trade on the offer And well here they are up at 44 now. How are we doing that in book map? Well in this window here You can see best bid and offer. Okay. This is the current market. Okay, and this is the last traded volume here Okay, there's this white and this white number as well as the number here that is the aggregate Before it flips to the to the next next price level. Anyway We take the liquidity the numbers here. Okay, and we'll paint it in the heat map So that area down here at 37. Well, they pulled a lot of that liquidity We saw I don't know 150 contracts here or 160. Well now it's only 65 Okay, so they pulled it then they're probably adding it up here at higher levels but We and now have have a pretty good understanding of Where they're lined up to deal? All right, so Where this gets interesting though is not in this current window here. It's to the left of this vertical white line All right. That's the historical view. Okay, so record the current book and then project it onto the chart historically Okay, so for example, let's zoom in here and we can see that these traders here Okay, that were on the on the bid 157 163 contracts as we roll over this area. Well, we came here into this area here and they pulled now We're down to 66 Okay, let's use this tool now Okay, where do they pull to well look look when they pulled here at this level at 37 They added up here at 40 probably the same actor. Okay, so now we're starting to understand not only the Liquidity at these levels but starting to target and understand where they pulled their liquidity to okay Some really nice insight here. All right, so This is what you book map allows you to do because we can record that historical limit order book All of that would be completely lost if you were trying to read that here in the dome It would be rather difficult All right, so anyway, that's how a book map solves that issue and as we zoom out We can get a really big understanding of this this limit order book historically. Okay now we'll have to play around with the heat map and Let's bring up some of the or play around with some of the settings here and here we go Okay, so look at the liquidity here. We traded into it. It was absorbed. Okay, and we went it It was like a false breakout here. We traded back into the range but then the then the buyers the aggressive buyers stepped in again and And we trade through these areas of high liquidity and then they're on the bid here Flipping on the other side now Okay, that that picture that we saw one of those examples of Sweeping of the book and a return back to where we came from over in this area here Well, here's a bigger picture view of that same phenomena We broke out of this range here around 35 36 and now they're here on the on the bid Wanting to buy at this higher price level Okay, so you can see here that this is not just a tool for scalping It can you it can be used extremely effectively for scalping, but it can also be used on higher time frames Okay, so for example if you were even trading off of a weekly chart and you saw today's movement and you're bullish and you're looking for Higher prices for the rest of the week and you're looking for a position trade. Well, you could start to you know Follow along when place some of your limit orders in some of these areas of high liquidity Looking to get filled and then looking for a continuation to the upside Okay, and or if you're just trading You know day trading you can still look for entries in these areas here and You know look for the the aggressor. Okay, so are they going to? Continue to lift the offer here and maybe come back up in some of these areas here All right anyway lots of different ways to read and understand This very transparent view of the market the volume The microstructure with the historical best bid and offer and then where they're bidding in the book All right All right guys. Well, let's let's call it a day if you guys are interested in Further education of this this is where you can find it Give it a 14-day trial period and you'll get access to to book map You will need your own data provider but then You also have access to the advanced order flow webinars that starts in just a couple minutes as well as our book map educational course and other videos all right, so Yep, give it a try. You really've got nothing to lose And and then see for yourself if this is something that works for you. Okay. All right guys Thanks for coming and we'll catch up with you tomorrow