 Welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Risk disclaimer, trading equities and futures involves a substantial risk of loss. It's not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, go to bookmap.com. There's a free trial that you can sign up for. It's 14 days. It gives you access to Bookmap as well as other resources, which includes the Advanced Order Flow webinar that will start in about a half hour, okay? So at 11 Eastern. That's every day, as well as every day these Bookmap Platform Details webinars at 10 30 Eastern time. Okay, if you have any questions, reach out to us at support at bookmap.com. And let me show you where you can find Bookmap. Let's just go up to the top of the website here and click on Explore. There's a few intro videos here for you guys who are new and you wanna know more information about just an overview of what Bookmap is. Watch some of these. They're just a minute each. And then just continue to scroll down here. We're gonna learn a little bit about Bookmap as uses, the benefits, and then here's the, you can try it here or scroll down a little bit further, see our partners. There's the Bookmap for equities, okay? We connect also now with the equities, all right? You can read about the advantages here. It's a great data feed with NASDAQ TotalView. And then we'll continue on down here. Connectivity, this is important. You will need a data provider, okay? We are not data providers. We're just a software platform, like NinjaTrader or TradeStation or eSignal, et cetera, okay? So you can connect Bookmap via all of these different data providers and brokers, okay? But further down, this is the pricing page. This is where you can give Bookmap the free 14-day trial period for either Bookmap, Basic or Advanced, okay? Now there's, just to clarify, there's really only one version of Bookmap and that's Bookmap, Basic, okay? It's 49 per month, it's billed quarterly and you'll get that 14-day trial period, okay? Now, Bookmap, Advanced is the Bookmap, Basic, but it also includes the ability to trade from the chart, okay, the one-click trading. And let me know if you want me to demo that today. I can go through that. There's been a lot of requests for that recently. As well as you get access to all of these proprietary indicators that we developed that are specific for order flow, okay? So for example, large lot tracker, we look at the larger players where I'm able to identify them in the limit order book through our algo, okay? There's some imbalances here for order book and volume imbalances. There's an iceberg detector. We can see where orders are filled that weren't in the limit order book and they'll be displayed here as our iceberg detector and a correlation tracker, which is a quite nice indicator as well. All right, quants, reach out to us here if you have specific needs for your own data feed or proprietary indicators, et cetera, okay? All right, a few more resources. You can follow us on social media here at Twitter at bookmap underscore pro. And then you can subscribe to our YouTube channel here. And let me just go through a few of the videos here so you guys know what you're looking at. So there's an intro video here as well. It's a minute long as you can see. And then there's some other intro videos that you can see here, as well as the overview of Bookmap 6.0 and 5.0 here, okay? And then a little bit further down, features and components, you can click on the playlist here, okay? That'll take you to all of the videos here that show a lot of features and components, okay? And understand what Bookmap is displaying here. All right, and then these order flow video snippets, all right, when we just added one here last week and we'll continue to add some in the near future. These order flow video snippets go through, and very concisely, just a few minutes each for the most part. A few of them are a little longer, but usually just a few minutes and they go through the order flow phenomena that Bookmap uncovers, okay? This is what we go through in the advanced order flow analysis webinars in detail, okay? So if you want to get an understanding of what we cover in the advanced order flow webinars, you can watch some of these. You can also scroll down and there's some selected webinars that we've recorded that if you wanna get a peek at some of the advanced analysis and see what that looks like, you can watch some of these here, okay? Here's our pro trader webinar series as well if you wanna look at how some of the professional traders out there use Bookmap within their trading, right? Okay, well let's jump into Bookmap and take a look. We'll look at the NASDAQ and let me know if you have any specific questions. Get them in now about the platform and I'll be happy to cover them. Else I'm gonna get into the understanding the general display of Bookmap here, what it's displaying. There's a lot of new traders in the room here and I need to, I want to go through this and show you guys what's being displayed here in Bookmap so you have that basic understanding, okay? Because this chart here in Bookmap can look rather foreign to a lot of new traders or even advanced traders that just haven't seen data displayed in this manner, okay? It's actually really pretty simple stuff. What we're displaying here in this Bookmap chart is historical best bid and offer, okay? The volume dots here display where the volume took place on the historical best bid and offer and you can see we give the type of volume, okay? Where it traded and how much. By the size of the dot, the color of the dot gives you the insight to what type of volume, aggressive selling or buying. These are all market orders, all right? No, I'll go through the aggressor classification of volume in a minute. And then we're also displaying here this heat map, okay? Now this heat map is the historical limit order book. So for those of you who are familiar with the dome and looking at the depth of market, then we have that in a column over here, the current order book column, as you can see. But this is all recorded and then is displayed onto the chart historically using this heat map, okay? And I'll get into the details in just a moment here. Okay, so you can see I have an indicator panel as well. This is showing the cumulative volume delta. I'm gonna close that up and we're just gonna go through the basics here, all right? Okay, so I'm gonna start by turning a lot of this information off and we're gonna just turn on candlesticks. Okay, and everything else we're gonna turn off, all right? Not volume bars, volume dots, okay? And let's zoom out a little bit, okay? All right, here's a candlestick chart in book map. We have that ability to display the candlesticks and you can see every five minutes here we're displaying a candlestick, okay? We all know candlesticks, it's showing us open, high, low, close of a five minute period, okay? However, there is a lot of information here that is completely opaque to us as traders and it's very important to understand. So for example, we wanna understand within this five minute period, where did the volume take place? What kind of volume pressure is in this market? Where are traders committed in their trades? And that gives us tremendous insight, okay? Now we have a volume sub chart here and that's pretty good, but it doesn't really tell us where and when and exactly how much where the volume took place, okay? So we're gonna show that with the trade dots, okay? Now just this alone here is looking at structure is another problem here. We see the open, high, low, close and the wicks and you can start to read some of the pressure maybe with the wicks, et cetera. However, there's microstructures in here that gives us a lot of insight with that historical best bid and offer. So let's turn that on, okay? And you'll see what I mean, okay? So already I can see down in this area here we have a little double bottom, okay? And we can see that we actually traded above this swing right here and price accepted, okay? And we came up and made a little bit higher high in the microstructure, okay? Now that was broken and we came back down. However, we found buyers down here again, okay? Or lack of sellers or that combination, okay? Whatever the case may be. Now this is where it gets interesting because now we have kind of a, there's a little double bottom here and we got a few tests again and this is kind of a bigger double bottom, okay? All of that's lacking here within the candlestick. We just see the wicks, all right? Now where this is, you're gonna see insight and gain understanding of structure, the microstructure and how price behaves is at this point here, okay? We see that this microstructure, it's kind of in line with the other one that we saw over here. And we see the buyers came in and we know that price traded above here and we're gonna see some aggressive green dots, okay? That signify that market buy order is taking place here. Pulling price up, look at the retest here, okay? It's right where we broke from. And so far we've accepted now above that area, okay? So that's the kind of insight we're just getting here with historical best bid and offer. And that's a lot of insight, okay? Instead of trying to read these candlesticks and get an understanding of really what's going on. Okay, now the sellers are coming in and we're gonna test this area. It looks like we're gonna test the bottom here and we'll see if we break and accept down below that, okay? So anyway, let's turn on the volume here, okay? And here we go, all right? So now we're starting to understand the transactions and where they took place within these microstructural areas, okay? So here's our original double bottom here, okay? And we're already getting insight by looking at the volume. Look how we have a lot of aggressive selling here. We get the retest and we have less selling down here, okay? So it's already showing us that there's less selling appetite down here. And the buyers start to read that and just above in this area here, they start to lift the offer, okay? And that's what we're looking at in this area here as well as in this area over here, okay? And we can see it. We can see the volume here. So I'm gonna click on this move tool, the hand icon. I'm gonna hover over this area and I'm gonna zoom in very, very quickly by just using my center mouse wheel. And I'll just reposition it and then zoom in. And here's where the aggressors came in, okay? And pulled price up out of this microstructure, okay? This is how we move to a new price level, okay? And you can see that very clearly here even in the microstructure, we've moved out of this range and up into and accepted above in this microstructure, okay? So this is the type of volume that we display. If I zoom in a little bit further, I wanna show you exactly what we're displaying here. So very microstructural. We're down at millisecond level, okay? And we can continue to zoom in here. We can go down to microsecond, nanosecond levels. And we're looking at billions of seconds at that point, right? And then maybe I'll, yeah, I guess I'll spare you the details on that, but trust me, you will zoom in and you can see every single transaction that took place, okay? So now here's the historical best bid and offer. Best bid is the green line, best offer is the red line, okay? These dots here are transactions that took place on the best bid and offer. A green dot is a market buy order. We consider it the aggressor because someone wanted into the market badly enough to pay up the spread. They hit the market buy button. They took liquidity off of the best offer and the transaction is noted here with a green dot, okay? Now if you wanna, the details here, we can use the data tip tool. We can hover over here and we can see that is displayed the date, the time, and the time is down to the microsecond in this case. And then you can see on the ask here, okay? There was nine on the ask at this price level of 94.25. And then the volume, this was volume of one. So one lot was traded here, okay? And there's another one lot right here, okay? So that's the market buys and how they're displayed here. And you can see the market sell here. Someone hit the market sell button and took liquidity off of the best bid and the red dot is painted here on the best bid, all right? Okay, so that's the volume and the volume dots now. Note how as I zoom back out, okay? We start to display this volume and we're basically compressing the timeline, all right? As we zoom out. Now as we zoom out, we're aggregating just visually or graphically all of the trading activity. And so many trades took place in a certain area that we display it and give you the overall with this pie display, okay? And very quickly we can understand that we're looking at more buying here than selling, okay? And over here we can see a really big dot and this is more selling than buying, okay? So that's what you're looking at at book map. Now let's just zoom into this dot and I wanna show you some of the details. Note how we start to expand the timeline as I zoom in, and now we're displaying all the details here, okay? And looking at this one big trade here that took place or a lot of trading activity, note how we're breaking this apart just graphically and showing you every single detail that took place here, okay? So you can start to understand really what took place here exactly, all right? Okay, so that's the aggressive volume and you can probably take the candlesticks off at this point. Okay, so now we have a very clear understanding of where the volume is trading. This is very much like a footprint chart except the difference here that the footprint chart is gonna aggregate as well. So if I actually turn, let's turn this back on for a moment, if you're looking at a footprint chart and you have it displayed as like a five minute bar, well, it's just gonna aggregate just like this candlestick. So you're gonna miss all of this structural data here. That's the problem with the footprint chart. I mean, I like footprint charts quite a bit. I think they're very insightful. However, one of the drawbacks is the microstructure. It's just not displayed, okay? You're not able to see it because it aggregates it. You're just gonna see a bigger green number and add to it in this point here, all right? Okay, so now we have that understanding of microstructure and volume together. Now let's turn on the heat map. Okay, and let's zoom in. Now, traded volume is a real key aspect of the order flow. However, there's another side to that and that is understanding the auction. And we usually understand that within the limit order book, okay? The dome, the depth of market. And the dome in book map is this COB column, this current order book column here. We have the price ladder here. I'm displaying that, okay? And then I'm also displaying here, wow, nice breakdown, okay? We'll get into this in just a minute here. We'll see if, note how we traded through this area here at 6090, looking for a retest back to it. Maybe actually retest all the way back to 92, we'll see. But anyway, and I'll tell you why I'm looking at that, all right? We're already getting our retest back to 90 almost, a tick away. But okay, understanding the limit order book gives us a tremendous insight here. When you're looking at the dome, you're seeing this is the current market and you're looking at exactly what is going on in the limit order book, where traders are lining up to provide high liquidity, okay? And we can see it here, 82 contracts. Look at the bar here. This is a COB column displayed as bars. So I have multiple COB columns. So I can very quickly note areas of high liquidity, all right? And that gives us a lot of insight and understanding to the auction, what's going on in this auction. And that will affect price. So we wanna understand that. Now, the problem with the dome is it just gives you a really good snapshot of the current market, okay? And that can be useful. But when you start to get to certain areas, you're gonna have to remember quite a bit of data. You're gonna have to remember that, okay, we broke from up here at this area of 92 and three quarters. We broke down very quickly. Now, you can see a flip in the book. They're actually now here on the, they went from the bid to the offer at 92 and a half, right? And you're gonna have to remember all of this data, how long they stayed in the book, what about areas around it? Are they bidding or offering above or below? And what kind of insight that gives to the auction, okay? Now, what Bookmap does in this window, which is the same dome current market window, we see the current best bid and offer, and this is your last traded volume here, is we give the dome and the areas of liquidity here, these numeric values will paint them in a heat map, okay? And we can see the liquidity here graphically, okay? And it's all recorded. So note when they start to, when they add liquidity in, it turns bright white. When they pull liquidity, it turns darker gray, right? And you'll see this all day long. Now, we can see that there's some sellers here, they're pretty interested in selling right now, okay? They're front running this area we just noted here at 92 and a half, all right? And look how they're showing interest in getting in front of and providing more liquidity at these lower levels, okay? That's showing bearish behavior, all right? So, as I zoom out, now we can start to utilize the dome in a historical context because we've recorded all of this activity in the limit order book in the dome. So we can see that up here between 6099 and 6100. Look at the amount of liquidity up here. Then shouldn't be really any surprises, the even number here, a big figure of 6100, the breakdown below it and sellers are interested in selling up in this area here, all right? Okay, so anyway, that's the beauty here in book map is that we've taken the dome and made it useful on higher time frames because we can see where the liquidity is, okay? And we can see how they previously behaved in these areas and you can start to anticipate how they might behave and then see in the current book how they are behaving when we return back to specific areas, okay? All right, so for example, let's just take a look here at the current book. We're looking for a quick move back to 90 as soon as we saw this drop. And then, what did I say, 92 maybe? I think 90, yeah, around 92, actually a little higher. So the bulls jumped in here, they lifted the offer. Now, this is the question. This is where this move took place right here at 94. We see the breakdown. We can see the breakdown very clearly. Look at the aggressive selling here. Just they're sweeping the book, the limit order book lower, okay? They're taking all the liquidity at each price level and we see it here with this trail of a quick move of aggressive selling all the way down here, all right? So now we're right back to where we sold from or where they started to get very aggressive here. So are these sellers gonna show up again is the question. And we usually anticipate a retest to some of these areas. And indeed, we got them, okay? So we got the one here at 90 and you can see the little pause that took place and then 92, you can see that we came up, tested it and then actually paused yet again, came back down to 90 and then didn't find sellers. We found some selling here, as you can see, okay? But look at the retest here, right? In this little retest, we see very little selling and then we kind of trickle to the upside and the aggressive buyers stepped in right here, okay? They pull price up, okay? And where we were watching these guys here with their bullish behavior, I mean, sorry, bearish behavior here. They were following down, front running, right? They wanted to be sellers here. Well, we can answer the question as we came up into this area here, did they really wanna sell or were these guys trying to just skew the book in the auction with high liquidity, okay? And where we can answer that question, okay? So you can see the buyers pulling price up and look how they pulled at the last minute here. Let's zoom in a little bit further, okay? We see actually some transactions took place into this high liquidity here, okay? 89 contracts and then, and you can see as I scroll forward, we see that some trading took place here within that area, okay? So we know that some of it traded but the majority of it was pulled, okay? So did these guys have the intent to trade? Well, it certainly looked like it here but the answer is here, no, they didn't. I mean, some did but the majority of them didn't. We can see how they're pulling, okay? So now we can determine and make use of this limit order book and say and define did these guys really wanna trade or not and they didn't and the majority of them did not. Some of them did, all right? So now we're able to utilize the book in our favor and understand that liquidity that has the intent to trade and that liquidity that does not, all right? And we'll see it all day long, okay? Same down here with these buyers on the bid. Look at them, okay? In fact, it's kind of, I mean, they are lifting, raising their bid in these areas here but looking at how they pulled as price is coming down here. They don't want the risk, right? They're pulling that liquidity and they're pulling it and look at what they're adding it, okay? At these lower levels here, all right? So now you can start to gauge the intent here, okay? So where are the real buyers and sellers? Well, at the moment, it's kind of unclear. Like we're seeing there's some interest down in these areas here but then they keep pulling and then adding back in, okay? So it's, yeah, I mean, I think we're kind of gonna go back and forth here for a little bit until we see something a little more certain, okay? And then on the offer side, well, they were up here at 94. Now they're starting to show a little bit of intent here at 92 and a half, which was that previous area over here, okay? We're putting the picture together, understanding areas and levels of liquidity and transactions, okay? Where are the buyers? Where are the sellers? And how are they supporting it in the limit order book? And to me, it looks like we're just gonna kind of go sideways here for a bit until we see a little more definition of that, all right? Any questions, okay? For those of you who are new in the room, let me know, you can always reach out to me at bruce at bookmap.com or support at bookmap.com and happy to help you. And utilize this webinar here for understanding the platform in detail because we have actually a lot of traders in the room now which is great to see that they are current customers but they're here to ask questions and gain understanding of what bookmap is showing you and understand the features and components, all right? All right guys, we'll end it up and we'll see you in the next webinar. Okay, thanks.