 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities futures and crypto Currencies involves a central risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results Okay, so for more information go to bookmap.com There is a 14-day free trial of bookmap. It comes with education. Okay, you get the platform as well as the bookmap educational course And then you get access to the advanced order flow webinars and those start in about a half hour so this webinar is open to the public and It's for going over just the basics understanding what bookmap is what is displaying how to use it and We'll go over some of the order flow analysis, but the Advanced order flow analysis is what we really go into detail In the next webinar and that's for people who are in trial or current users So they've gone beyond understanding just the basics of the platform And don't want to be interrupted They want to understand Looking for opportunities in the order flow and how bookmap is is clearly showing that okay so that's the distinction between the two and If you have any questions or issues you can always reach out at support at bookmap.com Okay, let me show you the the website here. I just briefly go through it You come into bookmap.com and scroll down. There's an intro video here. It's a couple minutes long Information about the platform you can also sign up for the this this webinar. You may have signed up through this link here and About a bit further down just more information about bookmap Some testimonials there's bookmap for equities. Okay, so for us equities you can have Bookmap through NASDAQ total view as a great data feed, you know, we're not a data provider So you will need a data feed. Okay, so that leads into this next section here These are the different ways of connecting bookmap. Okay, we're a software platform Just like any other platform like you can see here ninja trader trader Or TT X trader pro. Okay, and then also Interactive brokers traders workstation. Okay, these three are platforms as well. However, we do connect via the API of these three platforms We're just a platform like they are though So you can connect bookmap directly to your CQG rhythmic gain capital IQ feed Transact or through dev experts for the NASDAQ total view Okay, okay pricing information here So there's a One version of bookmap really it's bookmap basic. It's 49 per month spilled quarterly And you get that 14 day trial period the Bookmap advanced here. Well, it's the same as the bookmap basic. However, it just has Additional features. Okay several One is the ability to trade right from the bookmap chart Which is a big benefit because you have the liquidity heat map right there in front of you and you can react to it very quickly Then we have these proprietary indicators that we put together that look at the various Phenomenon in the order flow or with the Inbalances for example here order book volume and balances or specific players So we're starting to target Larger players with a large lot tracker and iceberg detector. Okay, this is these are two Indicators that start to identify not only the order flow Phenomenon, but the the individual players Okay, and then there's also a correlation tracker here for looking at various markets all together If you're quant, please reach out to us here for more information and we've worked with several One note on that if you are a quant We are busy here working on the bookmap version 7 so we won't be able to Really get to some of your very specific needs Until after after the release. Okay Because you're gonna have very specific needs for your own data proprietary indicators, etc now if you're new to futures you can And you need a data feed as well. Well, you can get a trial of a data feed here It's not through us. It's just these are just links to other Free trials out there for a couple weeks So therefore you can get the data as well as the free trial of bookmap. Okay for a bookmap advanced or basic and then There's a list here complete list of the feature comparisons if you want to see the differences between All the different features in these versions here. Okay, now you can also follow us here on Twitter At bookmap underscore pro for the latest updates and information And then you can subscribe to our YouTube channel here all sorts of videos here I would recommend looking at some of the intro videos to begin with Maybe some of the features and components and then these order flow video snippets. I think you'll find really helpful These go into some of the order flow phenomena in detail that we go through In a lot of detail in the Advanced order flow webinars. Okay, so the details here. They're they're concise. These are short It's covering the concept. Okay, and the the details we go into the webinar are, you know, long and drawn out And answer any questions that you have to really understand what you're looking at in bookmap And how to take advantage of the phenomena that you see All right, so let's jump into bookmap and take a look here What is it and How how do you use it? Okay, so It's a it's a software trading platform and You can see all sorts of data here Okay, now this is that version 7.0 that I was mentioning It might look a little different if you're in trial right now It's the colored heat map is one of the big distinctions as you can see Okay, now Although this looks really complex. It's actually really straightforward. There's only three elements on this bookmap chart a historical best bid and offer the Volume that traded on that historical best bid and offer That's all these dots that you see here and then the liquidity heat map. Okay, so this this kind of Heat map that you see here from and you can see up here the heat map is From kind of gray dark gray To blue to white to yellow to orange Okay, so areas that are orange Are the highest areas of liquidity? Okay, so that's what we're displaying here. There's just just these three elements now Let me go through it in detail here So you understand and we'll just take off all of these Other elements here and then we're just going to look at the A candlestick chart here. Okay, so we all understand what a candlestick chart is It's open high low and close of a five-minute period and a Lot of opaqueness here We only within a five-minute period. We only have four data points open high low and close and We have no clue Where the volume traded here? There's microstructural areas in here That are significant. They give us a lot of insight though The reason that this candlestick chart is opaque is because it aggregates all that data within a five-minute period Okay, so we can't see that microstructure And you'll see when I turn this on you're going to see all sorts of details here That are going to give a lot of insight to the movement of price and then on that microstructure We want to understand how the volume reacted Little breaks of those areas or build-ups of volume within those areas Etc. So we want to understand where the volume traded when how much and what type aggressor Classification of volume is what we use and it's either, you know aggressive buying or selling. Okay market buys and market sells Okay, so That's a problem here in this candlestick chart. So let's just take a look here at first. That's the best bid and offer Okay, and start to understand How this candlestick is not giving us information here of what's going on Okay, so we can see here at 930 the open the cash open You know kind of a quick blip up before actually 930 and then it just basically Immediately goes to the downside And then and then we see the a nice drive out of that area to the upside Okay So for for instance, look at this little microstructural area here Okay, so it broke to the upside kind of based sideways here Okay, it broke down And then you can see you can see the read this little retest right here Okay, where did this retest? Let me zoom into this area. Okay, see this little retest here Okay, it retested back up into or just just to the edge of that range and it accepted lower Okay, so this is one of the things for example. We look for in the Advanced order flow analysis to understand acceptance above and below a specific Arranges, okay, you don't see any of that within this candlestick chart. You just have this kind of Semi-dougey type of candle here or shooting star. I should say and really No, no information here on on this candle. You just see that it closed lower than these Past three But here in the microstructure look what we're looking at here. Okay, we can see a reversal pattern Right shoulder head shoulder Okay, and where where did it break? It broke here above this range here Okay, so and we can see that it drove to the upside back into This previous range here that actually the point of control of this previous range here Okay, and that's it initially where it either these players started to take profits which is most likely and then And then we can see that we kind of base sideways. So we didn't find sellers up here Okay, or not many and in fact, we broke it. We broke above this and we broke above this range here Okay, this is off to the upside now all of that kind of detail here Just with historical best bid and offer is already giving us insight Okay, but let's put the volume on and let's get a real picture of what's going on here Okay, well, here's the open lots of volume, of course and then you can see the the move to the downside here and then let me Just want to play around with this new feature Okay, all right, so and we can see the you know volume trading at lower lows here this is typical of a trending environment and On these lower highs here There's less volume. Okay, but that changes here. Here's our breakout of this range Okay, and who's in control now? buyers Okay, this is just the traded volume. We haven't even looked at the auction yet But we're already understanding the pattern and we're already understanding the break of that pattern and who's in control in terms of volume Okay, it's all here in the in the volume dots Okay, and we can we can just see it. It's a visual representation. Now, let's zoom into this area here and we get more insight Okay, so this is exactly what occurred here. All right now You can see the break to the upside now. There's a we're zoomed in and we're just basically at Millisecond level here. We can continue to zoom in But we're already seeing a bit of latency here because all of this volume traded very very quickly All right, and you can see that the the historical best bid and offer here was lagging a bit All right, it There's two different protocol the way that the data comes into our machines One is trade data and the other one is quotes data Okay, and there's a little bit of latency here that we can see usually I'm connected with rhythmic. It's usually pretty spot-on here But there's times when you when you see this and especially with big fast moves You'll get a little little bit of latency sometimes. All right, so let's just zoom into this area here instead and you can see Historical best offer and best bid is the green line. Okay. Now these little dots here. That's the volume And that's it. I mean that's all we're looking at here and This dot here and we can use the data tip tool Okay, hover over it and you can see that I get the date the time What was on the ask here and the volume volume of one at this price price level? Okay, so that's what really occurred here now we can zoom in and we can we can we can really check it out And we're down at micro second level we go down to nano second level We can look at billions of seconds. Okay, that would be good for you you quants as well as anyone who's trading with Their automated strategies and want to see exactly what occurred and how your algorithm is performing Okay, now most of us don't trade at those levels So what we do is we zoom out and you can see that I'm starting to compress all of that data here and it compresses Into a bigger dot Okay, and in this area here, let me scale it up a little bit Okay, so that was that was that area here. It's just one big green dot with a little bit of selling in it Okay, that's our breakout right here. That's what occurred. We can hover over that dot and you can see it said this it represents 117 contracts Okay, at the price level. That's a view app there That is we're giving you the overall because there were many there was a hundred Well, we don't know how many events here took place trading events But we know that there was a volume of 117 over an area of within time We recorded all of that data and we give you the overall VWAP right, so That's what what occurred and and we can start to understand now Who's in control and we're just looking at the the volume here Okay, there's a whole other side of the market that we want to understand And I'm going to go to the current market for that Okay, so this is current price right now right here and you hear the look at this Vertical white line To the right of this is live data. Okay, so this is your best bid and offer right now And this is your last traded volume Okay, and then here's your price ladder Okay, and then the C O B column it stands for current order book What this is showing you here? Is the the dome okay the depth of market? okay, that's what the dome looks like here in book map and You can see the areas of liquidity Okay, now most of us are very familiar with a traditional dome and setting orders within it, etc in book map We show the dome like this And it's good to see these levels of liquidity However, the problem here right now is that when these numbers change and they change all the time as you can see This data is not recorded Okay, and that's a problem because we can't we want to understand more specifically How are traders bidding and offering? And their levels of interest okay the way that book map solves that issue is by recording it in the heat map Okay, and I'm gonna adjust up the heat map quite a bit here just so that We can see some of the some of the details All right, so areas of high liquidity here are orange 115 contracts here at 98 Okay up here at 99 you can see 72 contracts Right, and it's is yellow Okay, so And this is all live this window here Okay, and you'll see when the when the numbers change the heat map will change Okay, and now The heat map changes, but you can see that it's all recorded and plotted on to the chart historically Okay, so these areas here you can see for example. This is adding and pulling of liquidity. This is what it looks like So we know that down at this area here at 94 There's some interest. Okay, they're pulling they're adding and pulling in and out of the book in Fact you can see we can even start to identify not only are they are kind of interested at this level They they showed a little bit of Disinterest they pulled the majority of their liquidity here and added two ticks lower So they're down here, and then they added a little bit more in Okay, so we're starting to understand Really what's going on in the auction, and I look at them here now with 97 contracts here at 95 and a quarter, and they just jumped in the book It's skewing the auction, and it looks like we're gonna come up and test 98 Okay, because all of a sudden there's a lot of buying is now. There's a hundred contracts here Okay, so I'm looking for this to come up and test 98 And We're almost we're almost there as it is, but it's this skew in the auction all of a sudden this interest jumped in Okay, and it has an effect on price And just think of any other kind of auction out there And and start to use that analogy. Okay, we're testing 98 right now. It just traded into 98 28 contracts Okay, and they're starting to pull some of these contracts up here now we're originally there was 115 contracts note how it got you know a Little bit more yellow and then white here. So next area is is 6500 even 115 up there And we just tested 99 that was the next level that was we were looking at previously just tested it and then it sold off anyway That's the heat map and starting to What we're able to utilize though here with this heat map Okay, is the current book as you can see here that we've been just kind of dialing into But then what we can do is we can zoom out And we can get a much bigger picture of this heat map Okay, and let me bring this down or up a bit here and Bring down the brightness and I'm just gonna highlight here larger players Okay, where we're in the on the higher time frame. Where are the larger players? Well, they're up here at 6500 Okay, are they above that as well? No, not really For right now there's a lot a lot of selling interest up here at 6500 And that we know Okay, look at this little area here Okay, understanding the auction here within this range Okay, buyers down here sellers up here Okay, it's kind of funny here the the buyers pulled their liquidity on the on the bid here and And these guys actually they stayed in the book and then they started to looks to me like they're starting to pull and Then add at higher level so they didn't really have the intent to trade in some of these areas here We can zoom in to that area and we can check it out Okay, so this is what occurred. Okay, these guys here They pulled their liquidity on the bid and no longer wanted to be in the market here up here They're staying in the book and price comes up into these areas But they start to pull as price is coming up and they're adding liquidity higher Okay, this is this is showing disinterest to trade at some of these levels and It looks like actually we had some nice transactions here and No, they pulled as well. Okay, we can see the details here So we can under we can start to understand and decipher the liquidity Was this real liquidity? Did they have the intent to trade here? And the answer is no Okay, it's fake liquidity because they pulled And they didn't want to trade the majority of those players Okay, now we'll see other areas where it trades right into it and they wanted to trade Let's see Bobby you have a question Yeah, the the newer version coming out I Believe has the different different offerings for historical data Okay, so what what Bobby is asking here is about Once I open up my book map, I start collecting data. Okay, and Because you know, we're looking at the full depth of market here Not just, you know, open high low close of a period. We're looking at, you know, all sorts of data here and That data is is not free. So Anyway, the You can once you open up book map, you start recording it However, there we're working on some options here and it's going to be available in version 7.0 coming out. Okay Okay. All right. Well, here's our we can see where we we came up into Again and we you know, we're looking at it when it was starting to break We saw that skew in the book here. We tested into 98 and now we just tested into 6,500 Okay, now they're up here Okay up at at 63 And a half it looks like Something like that Okay. All right, and then look at it. Look at the buyer is starting to chase up underneath too Now this has got to be the same player to note how it's high liquidity polls adds higher Polls adds higher again here Okay All right. So all sorts of information all sorts of data and a lot of clarity and a lot of insight to starting to understand possible future price movements here Okay, and the beauty of it is that we can look at this on a higher time frame Okay, so that makes your dome usable not just for the current market But much higher time frames Okay. All right guys. Well, thanks for coming and if you're in trial for the product We'll see you shortly in the in the next webinar. Okay. Thanks