 Okay, well welcome to the Bookmap Platform Details webinar. 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.com and become a member there, lots of free resources when you are in the members portal and then reach out to us at support at bookmap.com. So any new traders out there, anyone new to bookmap, first time users here, anybody? Or are you guys actually in trial, ah okay, B Williams welcome, okay, ah there's a few more, okay, yeah, well welcome guys, so let's just go through what this bookmap platform details webinar is all about. We're just going to go through what bookmap is showing you so that you can take a look here and understand really, you know, it looks like there's a lot going on and we're just going to break this down and simplify it because it's actually very, very simple and a very objective view of the marketplace and we'll get into that in just a minute here and so and ask questions because this is a there's a lot of things going on here, there's all sorts of features and functionality and we've separated that out now for all users or all anyone can come to this platform details webinar and then once you become in the trial there's a free trial 14 days that you get once you become in trial then you have access to the live order flow advanced analysis webinar. So the first one and that's at 11 you know in 25 minutes so this one is for those that already have bookmap and they have more specific questions on what what they're looking at and how to use it and so we'll go over that in detail here in this webinar. So it's a process and let me show you where you can find the find bookmap if you want to give it a try you can find it down here it's underneath the pricing tab so just click on that and this is where you can find it so there's the basic and the advanced versions and you can see the pricing here they are billed quarterly but you get that 14 day trial period okay now the basic and advanced plus dx feed it's the same bookmap it just comes with dx feed now the dx feed is for us equities it's not for futures only us equities okay that's a new new feature that we have so you can take a look at some of the equities and and you can also if you subscribe to bookmap basic or advanced you can also add the dx feed so this is just a package deal okay that's the difference and then once you become a member you get the access to the portal here there's you know features videos education videos and bookmap educational partners here that you can view all of the different webinars okay and then you can follow us here on twitter this will you'll get the most updated information here in in twitter and then our youtube page if you're new here this is what i would recommend watch the the intro video and then the features and components watch a few of these just get a feel for what it is bookmap is is showing you then there's these order flow video snippets they're very short and they'll go through a lot of phenomena that we see in the advanced webinars and we go through that information in detail so it gives you a feel what bookmap is showing you and how to use it there's also the bookmap education course here and and then some of the recorded webinars you'll find here okay so last week we actually allowed users a couple days sneak peak thursday and friday into the advanced webinars as well so you can take a look there okay so let's get into bookmap and what it's showing you all right and uh i'm going to start here with taking off information and what are we looking at okay even the indicator panel down here we don't want to look at that i'm just going to look at and looking at the uh 6e here uh so this is the euro dollar uh and um let's take a quick look here so uh this is a it's a five-minute candlestick chart i believe let me see here candles no one minute let's go to five there we go and let's zoom out okay all right so we're looking at here is just a five-minute candlestick chart and um and we have a volume uh sub panel here as well so uh you can you can see um the volume on some of these uh some of these candles here where the volume took place now the the problem here with the candlestick chart is it's just open high low close of a five minute period right now you can interpret some of the candles in various ways on the patterns and and uh etc and and start to read you know order flow basically uh but um uh you're really getting very very limited insight here and that's a problem you're making financial decisions based on basically five percent of of the uh data uh that you you you're receiving from the marketplace uh we don't know uh for example the volume where where did the trader trades take place uh how much uh where did the volume take place on that candlestick uh and what type of volume uh that's really insightful information uh and we just don't know and we also don't know uh the uh the the auction and uh i'll cover that in just a minute but let's turn on a few of the bits of data here and i'm just going to turn on the best bid and offer okay so now you're looking at uh the candlestick chart and we have the best bid and offer okay so um uh let's let's take a look at uh since we're still trending down on the on the 6e let's look at maybe this area up here okay when what what do we see in this uh uh five minute five minute period here in this area so let's just click on the hand tool hover over this area and zoom in with my center mouse wheel all right okay so you can see the um the historical best bid and offer uh is actually giving us a already quite a bit of information uh compared to the candlestick and what you start to see is the emergence of microstructures okay you can see that we went kind of sideways here uh in this period when we see the drop uh that that occurred and then we see the kind of sideways activity uh end of that five minute period we there is an immediate move up to to the test the high up here and you can see a little bit of sideways action and then it drops again that candlestick is not telling you any of that information uh you don't know you don't understand uh where it's accepting or rejecting um uh and uh now you can see these microstructures okay now we're going to place the volume on this and get a much more interesting picture here okay now we're starting to understand and putting uh uh definition uh on the trading that took place within this five minute period and then this this is some pretty good activity here uh look at the look at the aggressive buying up here uh and again i can zoom in very easily uh using the hand tool or move tool and then just uh left click hold and scroll back and forth uh or zoom in quickly by my center mouse wheel okay so we can see that this five minute period ended and then boom uh a lot of buying jumped in okay and you can see uh that that buying here the size of the dot is is telling me uh this is a lot of volume okay you can see it matches with the sub chart down below uh and then uh we can also we know that a green dot is uh aggressive market buy order and a red dot is an aggressive market sell okay so let's zoom in a little closer here uh and i'll continue to zoom in and actually there's a little bit of latency here so um this actually between best bid and offer and the volume traded uh there's some latency here uh but um uh it's because you can't have trades take place outside of the best bid and offer um so let's find something that's a little simpler okay well let's look at some of this sell volume here so here's your historical best bid and offer okay and then this red dot is an aggressive market sell order i can you know you can see the size of it by using the rollover tool uh and just hover over it and and you get the uh data here that says the date the time what was on the best bid and offer and the volume okay so uh and and so we know this is volume one this is a volume of three and also my um volume column over here also says it's four altogether for this range okay so as i zoom out though um you can see that um uh there's so many trades that take place so quickly uh in the algorithmic uh environment uh that um uh it's impossible to uh uh you know plot all of that data so what we'll do is just visually aggregate that into this pie display so you can see this cluster of volume up here there's buying and selling inside of it and um uh but the the majority by far here is buying okay so there's a volume of 29 up here uh in this volume cluster and uh and we we know that uh you know probably uh like 25 or you know bit more than 20 uh is uh aggressive buying right so let's uh let's continue to zoom in here and you can see how book map will break apart uh all of that trading activity and show you exactly what traded here okay and uh and here you go so we have all of the data uh it's plot it's plotted onto um um every single event is plotted onto the chart but as you zoom out you still get the overall understanding of that volume all right okay so that's what the uh the volume dots are showing you and uh and now we're starting to interpret a little bit of this as well right this is going to be some trap volume up here uh there's a lot of buying they're trying to get above here into uh uh the high of this uh this candlestick uh looking for you know extension and uh they're not getting it uh it failed now these guys are trapped uh and what are they going to do i mean uh you can see the uh immediate move down here we get a small bounce but we don't we do not come back to that area they are trapped they are going to cover probably down here okay below the uh swing here of that previous candlestick and lo and behold look at the uh the the the trading that took place down here okay we see the uh a lot of selling so these guys as soon as they started as soon as they hit that market buy button they are now sellers and it looks to me like they're covering here all right so now we're now we're getting an understanding of microstructure uh in the volume and uh and this is uh really really good information you can start to anticipate that kind of behavior of these traders just by understanding the volume and where it took place okay and that candlestick you're not getting that um so um uh anyway uh that is the uh uh traded volume now as we let's go to the current market and um usually don't cover the euro uh just i was on it and uh just thought i'd jump right in uh so uh anyway um we usually look at the s and p in oil uh but it's good to mix it up a little bit especially uh i want to show something in the currencies for any of you guys who are currency traders so um uh you know a lot of there's a lot of traders out there who look at the futures uh data uh in uh in book map uh and then they'll trade in the spot for x though okay that's where they'll transact uh but they want the insight with all of this uh detailed uh information of the volume and the auction so that's what we're going to get into next okay so this is great to understand the volume and the transaction um on the chart historically okay and starting to interpret some of these areas now what we want to do though is we want to interpret current uh price and what might unfold uh and uh and this is done usually in the dome and most traders are pretty pretty um familiar with the uh the dome okay so uh here's our dome and book map uh and uh it's the current order book column okay i also have another current order book column here uh and uh it's it's a graphical representation of the liquidity okay so at at each price level here uh what i'm looking at is the amount of contracts uh that are available uh to be uh bought up here these are sellers lining up on the historical i'm sorry in the current book okay uh and uh we can see them and this is the uh the the bid and the depth of the bid and uh you can see your inside uh level one data right here this is your best bid and offer okay and that's reflected here in this window as well best bid and offer and then this number is the last traded volume all right so that is the dome now you can also right click in these uh in any of these columns and format them into different ways um or you can uh insert a new column down here or hide a new column and you can see all the different data types that we have volume columns trade counter columns quotes counter columns quotes delta notes and time and sales column okay so now this information is good uh in the viewing the current market by reading the dome we're starting to understand now not just the the volume we we've moved on from volume now we want to understand the auction okay and uh looking at it here uh we're starting to understand where traders are lining up okay there's a lot of sellers up here uh this is the highest uh amount of liquidity in the book right now okay uh and it looks like they're just about to be tested so we're coming right up to them and we'll see if they want to trade or not we want to read the intent of these traders look at how they've pulled and uh now they're up here at um uh 1820 okay now it's 116 up here okay now 109 back in here anyway what I'm trying to get at here is I don't even remember what that number was here it where it was exactly um what the price level was and that's a problem with the dome uh you're gonna have to remember where they were and if they might show up again and uh you know that's uh that's a problem with the dome it gives the current state of the market but we don't we you know you're gonna have to remember all of these numbers you're gonna have to remember how much changed how much pulled how much added uh and what about areas around it and what about on the bid okay where they skewing the auction in a different direction uh to maybe get price to come up into those areas okay that's a lot to decipher uh from a dome and it can be very tedious so that's a problem and what book map has done to solve that issue uh is give it a graphical representation in a heat map so this is still the current market window here and uh you can see that this this grayscale heat map will change and when you see that change and it gets brighter that's liquidity being added when it gets darker that's liquidity being pulled okay so we can see up here at uh 18 20 these guys just pulled a lot of liquidity okay they were it was pretty high and then they pulled so they have less intent to trade now is is the way i'm reading that now because of that uh this graphical representation in the heat map now i'm starting to understand it historically as well because we take that data and we plot it onto the chart so what you're looking at here in the grayscale is the the auction uh you're starting to read uh the historical um uh auction that's taking place here where did they bid before how much uh and uh you can use a rollover tool to uh tool tip uh to uh to to read that if you like uh and start to understand these areas of liquidity and if they mean business if they want to trade or not these guys at um at 18 and 18 17 and a half um they're they're they're pulling right you know they're uh some some traded right here as we can see uh but they they really don't have the intent to trade they're pulling and adding to higher levels and that's actually pretty bullish you know they're not they don't really want to be sellers here they want to be sellers up here all right and uh then we start to look for uh this uh different uh different insights uh and evidence uh and this is factual uh uh information that tells us that wow there are more buyers than sellers down here and they're pulling on the uh on the offer to higher areas uh and i'm starting to read now and the intent of these traders and starting to put the pieces together okay and uh starting to understand the complete picture of the order flow we have the the volume that's telling us quite a bit and now we have the auction that's giving us a lot of insight as well and uh that is uh pretty pretty golden information right it's uh can be really really helpful uh to understand uh areas of uh where traders are lining up to buy and sell okay so i think we're going to test this high okay at 1820 right look at look at the skew in the book that's starting to emerge here uh and uh and we'll see though like you know something might change and shift very quickly in the dome uh and uh and it will be reflected in the heat map but as we know right now in the way that we were reading this uh we're reading the aggressive um you know volume and we see the the green dots pulling price up and we're seeing it being supported here um in the auction as well they're starting to pull liquidity and they're starting to add it to higher levels uh on the uh on the offer and then they're adding liquidity at higher levels on the bid as well so you start to look for uh areas where it might go and uh you know i would look i would start to anticipate this 1820 to be tested right and there you go so now if you're bullish there's all sorts of strategies you can start to employ here you can look for pullbacks uh into areas and uh and then look for that extension to occur okay all right some questions here um so let me get to those uh let's see here you can't get support to book map uh Elena okay um yeah i mean reach out to support at bookmap.com i mean they're they're there they're there uh and um uh and i can i can help you as well okay so uh yeah please please reach out um and uh we'll we'll uh we'll get you up and running okay all right yeah no problem um so um okay yeah i'll i'll i'll help you out no no problem uh who are you connecting through infinity okay so it's transact data yeah okay all right uh no problem we'll uh we'll get you up and running okay all right so let's see here um ah looking for the spoofing uh Francisco well you know one of the things here i mean the the the markets in in the currencies um they trade differently um than uh you know a lot of the other markets there's a lot more hedging in these they're thinner markets even this is the euro-dollar and you know this is the thickest one uh but you can see there's just tens of contracts it gets into the hundreds um but um you know it's not not very thick uh and um and you can see all sorts of information here just just by looking at the way they're providing liquidity look at these little striations here like every other tick uh these are larger players okay we we just tested our 1820 you can see the best uh offer went into the 1820 right so you know was that magical was that crystal ball reading absolutely not it was just factual data that we're reading and we start to anticipate uh uh price action based on uh what we're reading here okay so um uh let's see if uh maybe uh here's here now is trading at 1820 okay now we're looking for stops are going to be triggered up in this area here too okay so um we want to see if we reject or accept up in these areas here all right okay so um uh anyway um it's always nice to uh to you know start to read the the order flow and we do this in the advanced webinars you know the entire time basically uh start to put these pieces together in in our our process uh and then start to uh look for uh you know areas to be to be traded or tested okay uh and just going through this very objective process here uh and um uh and start to look for those those areas to be uh uh to transact okay here here comes that here comes the stop run okay and uh now we need to see those like they really uh you know uh this is looking pretty good all right uh and but uh is it going to be sustained uh we'll get into this later um but uh uh anyway it leads up to that and you guys can start to piece this together uh in bookmap all right so um uh any other questions before we uh stop the webinar and uh and then jump and bounce to the uh advanced uh webinar at 11 besides Elena uh just reach out at you um Elena uh support at bookmap.com by email you tried it okay they're there i mean they should be you know i i spoke with the team just uh minutes before okay well we'll help you out okay so uh why don't you jump to the um uh next webinar Elena and then i can help you when i finish that okay all right uh and i can remote into your machine uh as well all right okay well uh that wraps it up uh and uh we'll do it again tomorrow and uh answer any of your questions here so you know that's what the the platform details is uh is all about is to uh to go through this and for you guys to understand what it is you're looking at uh and then uh uh that's the the the basis of it and we start to get into reading some of the order flow as well but not much uh we want to go through uh the functionality of the platform so that uh when you're ready and when you have bookmap uh then uh we can start to get into uh how to use it within the live markets okay all right guys yeah thanks for coming and we'll catch up tomorrow