 Okay, welcome to the book map platform details webinar This is Bruce at book map the risk disclaimer trading equities and futures involves substantial risk of loss It's not suitable for all investors past performance. It's not necessarily indicative of future results For more information go to book map calm. There's a 14-day free trial of the product With education. Okay, it comes with the book map educational course and then access to the live advanced order flow webinars Let's start at 11 Eastern time so in about 25 minutes. Okay And let me explain a little bit about that the if we go to the YouTube page the What we're going over in the in this webinar here is just kind of a some of the intro features here What book map is showing you some of the features and components how to use book map in the user interface? And then we'll get into a little bit of the order flow phenomena that we see in book map. Okay, just the basics here more advanced Analysis of this in a lot of detail here. We'll get into this the kind of content in the Webinar that's at 11. Okay, so Let's see here. It's since it's kind of like a Friday here We don't have any any webinars Tuesday or Thursday and Friday because of the US holidays I'll give you the link to access the book map advanced webinar. Okay All right, so you guys can get a feel for what we do during the advanced order flow analysis Okay, so let's go to book map calm up here Click on explore and it just drops us down into this intro video We scroll down through is just learn about book map. What's going on here? and There's book map for equities With the NASDAQ total view. Okay, it's a great data feed and Other than that though, we connect to the futures markets. Okay, and this is how you will connect Okay, with these brokers and or Data providers. Okay, we are a true platform just like some of them that you see here like Ninja trader X TT X trader pro and interactive brokers traders workstation We connect also to the API of these three different platforms here Okay, so a little bit of both, but we are a true platform just like them You that you connect directly to rhythmic or or CQG or gain or IQ feed or transact All right Which is a great advantage. Okay? You'll get the the data without going through the API of these other platforms Who knows what they do with the data as it goes through their API. Maybe they Aggregate it in some strange way You will bypass that and go directly with the data provider and that's the advantage. All right a Little bit further down. Here's the pricing And this is what we're offering. Okay bookmap basic. It's $49 per month and it's billed quarterly So 150 bucks for three months You get a 14-day free trial period though. Okay, so you get to evaluate it see if this is something that works for you During that free trial, you're going to get the access to the education as well and the advanced order flow Analysis webinars Okay, that's the advantage with the trial the full benefits of a regular customer the Bookmap advanced okay the difference between these two basic and advanced are the add-ons primarily The live one-click trading from the bookmap chart. This is a real good advantage because you can you can React very quickly to the liquidity heat map that you have in front of you Okay, that you wouldn't be able to do in a regular dome and We also have proprietary indicators That we offer that we've developed that look at order flow phenomena and very specific things like understanding larger players Looking for iceberg orders detecting them understanding their position larger players position using the iceberg orders and then we have some of these volume imbalances here And the order book imbalances and a correlation tracker All right Quants you're gonna have your specific needs for your data feeds or proprietary indicators Just reach out to us and click here. All right If you are new to futures and you don't have a broker yet and you want to try bookmap though You can get a like a 14-day trial of Some of these data providers here. So click here. That'll take you to a page I'll just click here And here they are. Okay, so give that a try if you need a data feed and then you can get the complete view of all the different Between the three different offerings here with this this list here Okay, that'll take you to this page here and you can see what you're getting for each one All right Okay, you can follow us on Twitter at at bookmap underscore pro To get the most up-to-date information of what book map is showing you or news and Then you can also subscribe to our YouTube page that I showed you earlier. All right So let's take a look at book map. We've been looking at the Nasdaq for quite a few days here and It looks pretty dismal How about that S&P? S&P's actually Kind of in a narrow range as well 95 to it's only four points. We're not looking at much happening today so we can go over a lot of different other things, but Oil maybe we can look at oil How's that how's that playing out? It's really not moving very much either. All right, and let's take a look at crude Yeah, let's go with crude today. We'll take a look at crude oil. All right and Let's see here What I want to go over and we can see we have the oil inventories here So we got some fundamental data as well, which is good. We can see the volatility something interesting in book map and I can go through it maybe At the end of this webinar or the beginning of the the next one But you can see that before 10 30 look how it got dark in these areas here. Okay, so they're pulling liquidity Hey, because of the fundamental release At 10 30 and you can see the volatility here. Why is there volatility is because there's a lack of liquidity? All right, it's just how the market works So anyway that said well, let's just take a big step back here And what are we looking at in the chart in book map? Okay? Now? We do have an indicator sub panel here I'm going to close it up though, and we're going to really simplify this. Okay, because it really is simple data It looks very complex. It's not it's very straightforward. It's very objective View of the market. Okay, so we do have a volume sub chart here And then what we have in a chart. We're just showing three different things here One is the historical best bid and offer Two is the volume that traded on that historical best bid and offer with the volume dots Okay, and then three we're looking at this heat map this grayscale heat map and What that is showing us here is the history of the auction? Okay, where they were bidding and offering and that's it. That's all we're showing here and Let's further this Discussion and we're going to turn off all of the other data here Okay, and we're just going to look at a five-minute candlestick chart Okay, the concept of a five-minute candlestick chart is actually more advanced than what we're showing in book map Hey, open high low close understanding wicks understanding pressure Etc. And the problem though with the candlestick chart is the lack of Transparency and we have no idea where traders are really showing up here to To trade okay, we're in this five-minute candlestick chart You know up at the top at the bottom how much? Volume the majority of those traders and what type of volume is it is it aggressive buying or aggressive selling? All of these questions are unanswered here in this candlestick chart We just know that there was like in the sub chart. There's a lot of volume in the last 15 minutes That's that's basically all we know so Really insightful Information that we don't really have access to Okay, so we want that kind of access and that's where book map can help us We solve that issue and we're going to first Show details in the price action by just turning on the historical best bid and offer All right So what we're looking at here is there is no candlestick It's just a red line is the historical best bit best offer green is the best bid and that's it So let's zoom in a little bit. All right, so within this five-minute period from here to here This is actually what price did Okay, we have a very accurate view of what happened where this gets really insightful is understanding microstructure Okay For example, there's some data in here that's completely lost within this five-minute period Okay, we just see that there's a you know, we dip down. There was a little bit of buying That was this five-minute period from here to here and then from here to here We can we see wicks on both ends and that and then and then a body to the you know That shows a selling pressure okay But all sorts of opportunities occur in here that we have no insight to looking at this five-minute candlestick chart Okay, for example right here is something we look at every day in the Advanced order flow analysis webinars Okay, we have returned back to where we sharply broke from out of this range here We went sideways in a range. We broke down. There's a vacuum usually when we break down of From a range. We usually get some sort of pullback. Okay depends on the Pressure in the market, but we look for return back to where we broke from and to see if there are still sellers here Okay, or a lack of buyers Right, so we're probably going to see one or the other here Or a combination, but we're going to see more selling at lower lows here, right? And how do I know that it's just this is I mean looked at enough of these charts we know that That's just how order flow operates in a trend you see more selling at lower lows and Less buying at these lower highs. Okay In fact, we kind of exhaust out in some of these areas here And you just see that there's price discovery to the downside, but this kind of information I mean we can just look at three examples of this one strategy here Pulling back to where we broke from. Okay, we see it here. We actually see it again here We see it again here and and it might be Doing it again right now. Okay But we'll keep we'll keep an eye on that or we might start to see buyers start to step in here anyway That's what the micro structure can tell you okay We actually see that little a little microstructural pattern of exactly what we're talking about right here Here's a little structure. We broke it. We came back. We retested where we broke from and then we continue to the downside Okay, so Understanding that microstructure already gives us tremendous insight to what's going on with price Let's put on the volume though. Okay, and here we go All right, so we see more transactions at lower lows here and more selling at lower lows It's actually some buying that starts to creep in here too. So so we're starting to see buyers Show up. Okay. That's what kind of leads to these turn turnarounds here that we just saw to the upside here. Okay Anyway, and then you know, we're looking for less trade Activity at some of these areas here. Okay, and we are getting that Starting to show though buyers starting to step in here. Okay showing some buying interest. Okay, which leads to these kinds of reversal patterns Anyway, what we're showing in book map is the aggressor Classification of volume and what do I mean by that? Let's zoom in here and just show you the simplified example Okay, here's what occurred. All right in book map and what we're showing. This is the very basics of what we're showing here Okay, we can see Historical best offer is the red line historical best bid is the green line. These green dots that you see here Okay, these occurred on the on the best offer Okay, these are aggressive market buy orders a transactions that occurred here on the best offer Someone hit the market buy button. They cross the spread. They paid up for it And they took liquidity someone that wanted to provide liquidity here on the best offer and they wanted to be a seller And the transaction is met here Okay, and a green dot paints, but we're displaying the aggressor. Okay, the the the market buy The person who purchased with the market buy order Okay, as they cross the spread Selling is the opposite. Okay, so that's it. That's that's basically all we're showing here, right and That's if I zoom out all the way out is still all we're showing Okay, we're actually showing the candlestick as well, but let's zoom back in here and I just want to show That you know, we're really able to zoom into these levels here and see exactly what occurred We show every single market event. None of this data is aggregated. This is an advantage because none of it Well most platforms aggregate that data in some sort of bar or rotation Etc instead we're showing you every single event I can zoom in to these levels and it gets really insightful when we look at the S&P because you'll see these trades break up in 200s of trades in a very short period. Okay, and we're down at Microsecond level we can continue down and zoom into nanosecond level. We're looking at billions of seconds Okay, so this is a one lot for One one trade for volume of one lot that's it okay And we know exactly when it occurred down to that nanosecond level So let's start to zoom out and as I zoom out though look what happens to the timeline. I'm compressing it, right? And I compress it to a point where there's so many trades that took place here that It just starts to get a Little bit. It doesn't really tell us much, but see how all of those trades consolidated just visually or aggregate They aggregated Just graphically into a bigger dot. Okay, that's what we do So we and we know by the color and size of that dot as well as we can use this data tip tool here And hover over this dot and it tells us exactly what occurred here. Okay, we see you know for a volume of 101 Okay At this price level we get the date the time and the volume at that price level Okay, same with this one here. Okay, we can see this was for volume of 634 Right and we get the overall shape of it, too. We so we know about half of that is buying half of it is selling All right, so very much like a footprint chart. We're showing you exactly where it traded and how much and what type Right the difference here between us and a footprint chart though is none of this data is aggregated So we can see microstructures which is allows tremendous insight. Okay again because We want to see the structure and how it relates to the volume Okay, so for example, we had a little structural area here and we see aggressive buyers pull it right back up Okay, and then we see kind of a little double top here and Look at how there was buying up here and look at the buying up here. We're starting to exhaust out Sellers come in and they hit the bid okay, so You know we we still kind of go sideways here, but then we find more buyers Okay, we come up to where we dropped from here originally Okay, and let's see what occurs here. Okay, and then and then we start to we start to sell off Okay, but buyers step in they step in at this point here. Okay, these little structural areas are broken And it gives us insight to the pressure and position of these Market participants. Okay, and where are they going to support price? right Okay, so anyway You know we see structures within structures These markets are fractal And we've gone through that in the advanced order flow webinars alright, so anyway, we Now we have an understanding of microstructure look at this little structure here broken with the aggressive vine And we come right back down into it and still make a lower low But we know here something has changed. We see more buyers starting to step in at a higher area here Okay, I mean it's still a lower high, but we know that there's buying interest here That's when you start to look for maybe a change in that order flow and and we did get the follow-through here, okay? All right That's just the volume now. All right, let's take this candlestick off And just look at historical best bid and offer and volume Okay, this alone like I said just because we have that structure microstructure And we're showing you exactly where everything traded every single event Is is a good view, but there's something missing here Okay, and that is where they were bidding and offering and that is important information All right, so we usually access that in the dome and here's our dome and book map okay, so It's the current order book here. Here's our price ladder of crude right here and We can see where traders are lining up to sell here on the offer. Okay, 212 contracts up here at 57 60 Pretty large area of liquidity way down here 270 down here at 57 30 All right, and we know that as well. Actually, let me change something here quickly Let's go every five ticks. There we go Okay On the price ladder here. All right, so This is really important. It's this gives us great insight to the current snapshot of the auction Okay, but these numbers are always changing Right, the cookies always being added and pulled when we see these numbers change actually pretty rapidly Okay, when they change all this data is lost. We don't know what it was before Okay, where book map solves that issue is we we do that with the heat map okay, and This is the best bid and offer currently and in this window here and this number is the last traded volume Okay, so and here's our best bid and offer here in the dome Okay, so what we do though and book map is we paint these areas of high liquidity as being brighter All right, so that's what we're looking at And and we can adjust for this if it's too noisy for you Okay, there's all sorts of different ways to adjust it and adjust it pretty radically if you want All right Now we now we can see up here at 60. There's 171 contracts. Okay, so we know the areas of high liquidity and What's interesting though and what gives us insight to be able to use the order book is Is by recording it historically We're able to use it now In a much bigger picture not just the current snapshot. Okay in the dome Okay, that we usually just go to the dome for that last minute to see like where where they're you know bidding and offering Well here we can zoom out and I can show you everything Well, they were they were interested in buying down here We came down we traded in that area and we bounced up up out of it And then these guys they weren't here any longer the sellers take over. I mean this is this is a little little different to You know, we know that there was a fundamental release here at 1030. So a little bit of a difference there However, look where we went to during that release Okay, right down to the liquidity Okay That's just how the market trades. Okay, these areas here where there's liquidity We see it comes down tests here bounces back up comes down Looks like maybe they pulled some of that liquidity and then offered or bid down here And we come back up hit this area of high liquidity and come back down. Okay now It's 5760 is where the high liquidity is on the offer. Okay, we want to understand how they behave Okay, if they pull what if these guys pull here? You know, did they want to trade? Well, we can answer that question the answer would be no Right They they have no intent to trade it would be like these guys here. They were in the book here and then they just pulled Okay, so that's these striations. That's what you see in the in the heat map is the adding and pulling of liquidity And it gives us insight to the intent of these traders Do they really want to trade at some of these levels? We can also read very clearly areas of absorption and exhaustion Okay And and put order flow in and the auction Into much bigger picture and context and that's going to give us the insight that we're looking for for more improved or improved or enhanced a trade execution and in transparency into the market Right, so let's let's end it there. I'm going to send you guys and I'm going to put it into the chat here a link to the Webinar of the advanced order flow webinar Okay, so just give me a minute here Okay, look in the go-to webinar chat There you go Okay, so click on that and then go register for the for the webinar and it'll start in just a couple minutes. Okay All right guys, if I don't see you we'll happy Thanksgiving and We will catch up with you next week. Okay. Take care bye-bye