 Okay, welcome to the book map platform details webinar. This is Bruce at book map the goal of the webinar here a few different goals number one is to Introduce you to book map define what it is look at the website here and we'll we'll go over how you can connect book map to the markets and Then how you can get book map as well. Okay, and we'll look at some social media resources And then we'll look at the interface in book map And we'll go over some of the basics so you guys understand what you're looking at And how to start reading it and then we'll start to read just some of the basics in the order flow. Okay Now we do advance analysis as well That's for when you've moved beyond some of the basics and and subscribe to book map And I've been using book map for a while. Okay, so when you subscribe to book map it comes with education There is a four-part educational course. Okay, each part's about an hour long And we start with basic market mechanics and work our way up into advanced order flow concepts. Okay with lots of lots of different correlations or confluences Okay, so The product comes with education and then every day Every weekday following this webinar at 11 a.m. Eastern We have an advanced order flow webinar and that's where we really dig into the same course content But we go over it in the live market So you guys can understand what it looks like in the live market and start to act To some of the order flow phenomena that book maps uncovering. Okay, so that's the education that comes with the product Let's jump over to the website And scroll down a little bit. Okay, there's an intro video here if you're new Some more information about book map. This is a link to register for the free webinars. This is the free webinar And which brings up another point here. There is another webinar today that is free Okay, and it's for US equities. Okay, so here it is. It's at 1 p.m. Eastern time Okay, so I'm gonna put this link into the chat there for you Okay, it's in the chat and go to webinar. So if you want to Access this webinar at 1 p.m. Eastern, there you go Okay, it's going to be all about DX feed at book map and I'll cover that in just a minute. All right. What exactly that is Okay. Well, here it is right here. It's book map for equities But let me continue on here and I'll get to it in just a second and we'll stop here at connectivity because what is book map? We are software. We're a software trading platform Okay, we have unique visualization Compared to other platforms and that's our strength. Okay, we're not it. We're not a data provider nor are we a broker Okay, so for futures and for us equities, you will need to provide your data So we connect to those markets futures equities or just us equities Okay, and then also digital currencies All right, so the digital currencies Connection is free and book map case for the G DAX exchange only But that's what you get. Okay, and we're working on connecting to others as well All right, so you can see there's some other platforms listed under connectivity here as well like ninja TTX trader pro and Interactive brokers traders workstation We connect via the API of these three platforms so you can you can go that route if you like It's best though to connect directly to the data provider like CQG rhythmic gain IQ feed transact and dev experts Now let's go over that dev experts. Okay, so we'll scroll back up here. This is book map for us equities All right, I have some equities of Today if you guys want to take a look at it And if not then I would suggest coming to this webinar at at 1 p.m. Eastern time All right Okay, so some really nice advantages the NASDAQ total view as well as ed jacks Very low latency and full depth of market. Okay, I'll just gonna jump in here and show you this full depth of market because it is really cool Such an advantage. I think compared to And let's take a look at let's look at net netflix for example Okay, and let's zoom out All right, this is what I mean by full depth. Here's a 930 open right here Okay, this is all pre-market data. Okay. Well, look at these areas of liquidity Okay, it's a these are larger players. Okay, and we're down testing the larger players again here Okay, they're providing high liquidity. It looks like they're trading All right, so they're absorbing on the way down or you know, they're they're long at some of these areas here These larger players and getting long And it continues on down here, but if they're going to get involved in here at some of these areas here And and and they're getting filled while I'm looking forward to to float back up to some of these areas here Where it where it's dropping from where they got filled before and looking and targeting some of these other areas up here Look at this high liquidity. You have all of this market data here before the open Or I'm sorry right at the open in this case Sometimes you see it before as well. You can see it in here and in here Okay, but these are targets So immediately once the market opens like this, you know where the targets You know where the larger players are and this liquidity the market needs it to trade Okay, so they this longer term liquidity that stays in the book like this are like magnets for for price to come to Okay, traders start to target those areas and that's exactly what's going on here All right, let's zoom out a little bit more here So let's see if they we'll take a look maybe back at Netflix later But it's in a pretty nice downtrend here. So what next level of liquidity is down here at 355 Okay, now we'll see though. We might get a reversal and we start to Not find Any more sellers. Okay, doesn't seem to be a problem at the moment. We do seem to be finding sellers So the next stop is 355 anyway, we'll see But you have all of this data here like several dollars away Right at the at the US open. Okay, and you know these areas here Okay, so if these line up with your fibs or your pivot points or whatever it is. Well, now you've got something Okay Really good confluence, you know where the larger players are Okay, and I just think that's such a such a nice advantage Anyway, let's jump back here. And that's a NASDAQ total view Edge X or you can get them both together. Anyway, come at 1 p.m. And we'll go over the details there and let's Continue on down. So now we've defined what book map is. You know how to connect Let's go over some of the subscription packages here Okay, you can subscribe yearly for 20% discount or you can subscribe monthly here And then you'll see the different versions of book map and there's digital a couple different versions and then for global There's a couple different versions now for the digital It connects to the digital currencies for the global it connects to digital currencies as well as futures as well as US equities And so that's the big distinction between digital and global Now you can see the digital version here. It's free. You get access to only one digital currency Okay, you get basic education and limited support So you can access book map 24 7 you get the data for free From G DAX so you can really get a feel for what book map is and that's that's the goal the digital plus version here when you subscribe to that You get the ability to trade right from the book map chart into the G DAX exchange You can record and replay your data. Okay for debriefing or learning And you get access to 20 different digital currencies And not just one you also get the advanced education here and full support right now the global version That allows connectivity for the futures markets as well as US equities Now it includes everything in digital plus so you'll get that straight away But you get the ability to connect to futures and equities Now the global plus version it includes everything in global and digital plus But you in in addition you also get our add-on indicators One is the ability to trade right from the book map chart, which is fantastic. You have the liquidity heat map in front of you take advantage of it Front-run high liquidity hide your stops behind high liquidity Okay, and then the proprietary indicators large-out tracker We start to identify larger players in the order book that might be bully in the market and Or maybe could create vacuums in the market. Okay, they're holding the majority of that liquidity So they are the bigger players. We have some in balance indicators that For book in balance as well as volume in balance Iceberg detector again larger players, but they don't want to show their position in the market They're not trying to create vacuums or bully the the the book they are Hiding their orders using icebergs So that you don't see their liquidity Okay, so when you start to see volume trade that's not in the book Well, you'll see that displayed then in caught with the iceberg tracker And we also have a correlation tracker that We can put different correlated markets on the on the book map chart Right So that's that's book map How you can subscribe now? Let's jump into some of the social media At book map underscore pro all sorts of information here retweets other players interviews Con Content to go through etc. Okay news as well our YouTube page you can subscribe here Just go through some of the playlists on the home page here Intro videos here. Hey, just get a feel for what book map is features and components all the different features in book map And then order flow video snippets This is where I think you'll find it most helpful because a very concise short videos that go through Understanding order flow phenomena, and this is what we go through in detail in the advanced order flow webinars Okay, so that's pretty much everything Let's jump into book map and take a look and let's zoom out here we're going to take a look at the Nasdaq e-mini and Let's also jump back here just for kicks and Take a look at that Netflix Okay, I still kind of fighting it you know it traded through this area at 360 but Yeah, still still see it just kind of hovering here Anyway, we'll take a look at it later And we'll look at the Nasdaq in general here, right? So and we'll quote we can correlate maybe we'll correlate that a Netflix onto the chart here All right, so Nasdaq e-mini well, what are we looking at here? All right, so for a lot of you who are new This might look very confusing Okay, it's actually really not it's it's really straightforward data We have some add-on indicators like ice iceberg detectors on here as well as a bunch of others So what I'm going to do is I'm going to just turn those off You know we can you can see we have a cumulative volume Delta in the sub chart here so I'm just going to close that and Then I'm going to Turn off our VWAP as well as our iceberg detector and and and then also our Point of control indicator up here a blue line All right Okay, so here now we have the basic bookmap chart Okay, all of this area over here is historical all of this area to the right of this vertical white line here Okay, this is all current market. Well, we have some volume columns here, but This is your dome basically and book map okay, so This is best bid and offer and This heat map here is all derived from the order book from your dome And it's just plotted onto the chart. So that's one element right right away You see these colors here. Well, that's high liquidity Okay And in the dome, let's zoom in here a little bit in the dome You'll see these these numeric values here, right? and you know what a dome looks like and When these numbers change well, that's the adding and pulling of liquidity and they change a lot and they change frequently okay, now what we do in book map is we take that data and We transform it into a heat map a colored heat map here. Okay. Now the scale for the heat map is over here And if it's kind of reddish orange or red, it's very high liquidity And then orange is less and then it scales on down less and less all the way down to black Okay, now you can adjust the colors are Not the color of the heat map you can adjust the settings for the heat map I have it up pretty high right now. So I'm just kind of identifying larger players as you can see and That's fine for for this demo purpose But anyway, we we take this data here in the heat map. Okay, and note how they're they're starting to Lower their offer. We're down below 71 50 here and they just lowered the Liquidity down to 71 49 actually now We just noted they pulled and they're adding a little bit lower here and they just pulled that and it added it right back up Okay, so we record that we recorded that action right there And this is what it looks like right here. Okay high liquidity popped into the book here the striation of orange Okay, then they popped out and actually added a little bit down here and they popped right back in Okay, they just did it again. All right now. It looks like this player is actually lowering it quite a bit Okay, and lowered it down here as well. So we got some you know some funny stuff going on here We're notice how though we can start to understand that that's probably one individual actor a larger player That's pulling and adding liquidity and we know exactly what their behavior looks like because it's all recorded here in the heat map So that's what the heat map is showing here Okay, now for those of you who trade from the dome that would be rather difficult to To watch okay and to understand and start to understand this player and what is their their context here? You know, what's their game? Do they want it? Do they want to trade here at 49? Or are they doing something else right now? It's kind of unclear, but we know for sure that they're kind of all over the place and Anyway, we'll we'll start to analyze that behavior in in more depth and I don't know if we'll get to it quite today, but Anyway, it's a good introduction for you guys who haven't seen this before They start to understand these areas of liquidity and what's going on in in the book Now what's interesting about that is when we zoom out Okay, now all of that, you know, what we saw down here. Look at how minute it is Right. It's kind of meaningless in the bigger picture Okay, well what this allows you to do is start to understand the liquidity at the higher time frames because it's all recorded in historically projected onto the chart Okay, so we can now start to use our dome on much much higher time frames Okay, so for example, there's a phenomenon that we're already starting to see here And I'll just cover this is some of the basics that we go through in the education Very very high liquidity down here. Okay, and we trade through it. Okay, but look what happened here They were on the bid here in this area now. They've kind of flipped over to the offer in this area here so this breakdown around this 71 to 60 is now now we're down below in some of these areas here In fact, I can't wait to go over this. We've been looking at it in the on the higher time frame For the last three or four days looking for the 71 40 to trade and we just traded into it I can't wait to go over this with the with the guys because We've been we've been eyeing this area here and looking for just a beautiful area for stops to be hit and they just were okay and Let's see if the buyers really start to step in here. And so this whole area here rejects Okay, down here. It looks pretty good. I mean, this is pretty strong move to the upside so far So let's see if we can get up into 71 55 Okay Anyway, let's see here Yeah, sorry for the Diversion they're getting into a little bit of the analysis of the heat map and liquidity Okay, and I'm only I've only covered one element here in the bookmap chart Okay, there's there's two more elements here. So I'm getting our jang. I'm getting to your question. I think I'm the The other two elements here on the bookmap chart Okay Is the historical best bid and offer and the volume that traded on that historical best bid and offer? Okay, looks like a beautiful target here at around 54 55 Let's see if the buyers can aggressively charge up into that area here. I'm I'm looking for it anyway, the Let's see the bubbles and volume at the bottom of each charge from matching each other Yes, so there's different ways to do that and this is a question about the Way we display some volume. So our jangle. I'll get to that in just a minute Let me go through the basics though of explaining some of the volume So let's zoom in here to this any random area basically and and start to understand the volume and So we discussed the heat map, right? Yeah, and so you guys understand what the heat map is In fact, let's take the heat map off now And so I'm just going to cover the other two elements First element is really about as straightforward as it can get Best best offer is the red line best bid is the green line. That's it. Okay, that's All there is to it. Okay, there's no aggregation here of price time or volume like a candlestick Okay, we're showing every single market event here In fact, usually we demo this by showing a candlestick chart and and showing like how you're really Not getting much with the candlestick chart. Here's five minutes of data And there's all sorts of things that have happened in here though And we have no clue to like there's micro structures Okay, I don't know you're getting is this big candle of aggregated data with four data points only Open high low and close And we're making really important trading decisions based on just that Okay, we have no clue about micro structure and speeds of moves Nor do we have any sort of precise data on the volume? Where did it trade? How much? Exactly when And what type? Okay, aggressor buyer aggressor seller so we have no clue to any of that and That's really important to understand. Okay, so the The volume is here Okay, so on that best bid and offer. Okay, let's zoom out and let me find a little bit better example Maybe some of this sideways action So, yeah, best bid here. Okay now on the best bid you're gonna see Selling transactions. Okay with these red dots. That's the aggressor Okay, they hit the market sell button crossed the spread and took liquidity off of the best I'm sorry off of the best bid on the green line right and Yeah, so they paid up for it. They paid the spread basically to be involved in the market Hey, and the other the other players are getting filled with them at orders and that's where the transactions are met And that's the other side of the trade and they're waiting though at those price levels to trade And so that's the aggressor aggressive seller aggressive buyer is the green dot Same thing now. I'm going to zoom into this area here and we'll probably see multiple transactions here. Yeah Okay, so now we can see a volume of five traded here And it's a in our volume column right here and the aggressor here is is clearly displayed five and it's all green so the aggressive buying and since it's five, you know, the the smallest Denomination is one contract. So we know each of these is one contract All right, so that's the aggressor and that's How we display this volume here very very precisely displayed every single market event very very precisely displayed Okay, so You know if we we can use the data tip tool and hover over these areas here Gives us date that that precise time. What was on the ask at this price level and then the volume here Okay, now note how however though when I zoom back out, okay? We're just playing it this as a bigger dot compared to like this other one over here This is one contract. We know that there are five trade events in here Okay, and we we could we can see it with volume of five here as well And so we've aggregated just visually or graphically that into a bigger dot. So you have understanding of what this looks like Yeah, and to get a better feel for it because you'll see some of these pie displays here show both buying and selling Well, it's just that there's so many transactions here that take place that we need to split it, you know or show it In and that pie display Okay, to give you the overall feeling and Delta of that, you know, who's in control in these areas like sellers are certainly in Control in this area here and this very very micro structure Small micro structure. Anyway That's how we're displaying the volume and that historical best bid and offer The beauty of the the volume in book map and the way that we display it Compared to like a footprint chart. It's more accurate. Why is that number one? We're showing every single market event number two. You can see the speeds of these moves Okay, you're not going to see that in your footprint chart because it's going to be aggregated on a bar Might be a rotation bar. It might be a time bar. It might be a volume bar. It's still aggregated data Okay, now you can see how this relates to micro structure and what do I mean by that and how does this give us an advantage? It's really straightforward Here's an area of consolidation. Here's a breakout and this is completely typical You know, here's the breakout and and what do we see? Nothing, but a lot of green dots or majority of it is green Hey lifting that that offer Hey pulling that market up Okay, and you can see a lot of volumes traded in this little area right here Well, we consolidate in that little area for a while and then we break down and we're going to find sellers down here hitting the bit below all of this Basically in all of this structure And you're going to start to note whoops This hellers start to take control here. Okay, look at it. Look at the color and size of the dots as they hit the bid pretty hard Okay, so anyway, that's what we're displaying in terms of volume. That's what we're displaying in terms of Micro structure, okay, very very simple straightforward data And and now now we get the complete picture when we put the auction on here Okay, our depth of market and our dome like why did we reverse out of this area up here? Well, look at look at how the larger players are layering in at these areas here and that with their limit orders It did they transact actually no some of it did but they started to pull Okay, so what what happened up here? Well, we see nice cluster of buying here and some here as well and and some Pulled it up into this area here, but look at this little area up here Right. There's no buying whatsoever. It also no buying right here in the tiny little micro structural double top Okay, if we retest this area here, and we've retested even here and no trading no trading at all Right all the way across here. There's 40 contracts and then 17 One one above one one tick above so one tick above up here 17 trade and that was it No more buyers here Come back up. We can't even reach that area and we don't find buyers sellers see that and they start hitting the bid on the other side Okay, and then we go down below this little swing here. They're not supporting it and sellers continue to hit that bid all right so anyway, uh, those are the three elements we went into some of the Analysis and low and behold look at look at our analysis now like We've been looking at that higher timeframe below that 71 40 level knock out the stops and try to get right back up into these areas here nice little reversal and Let's see if we can continue continue on up here. All right anyway the Yeah, i'm sorry Let me go over I'm sorry our jang. I did not cover this here. There are some settings for the volume Okay, and I have it matching the volume sub chart here Okay, so let me show you so now the the the clustering here We can also do it by time and like every minute now you can see that there is a A volume dot and it's based on vwap. Okay, so the overall vwap of that one minute of volume Uh, and but this is not matching with the sub chart Okay, but we can apply it to the bars All right, so just hit on apply to bars and there you go Okay, and vice versa. You can you can go here to Uh, the volume bars Uh, and then let's say we want to look at with a smart clustering Okay Now it's a smart clustering, but it does not match the volume dots up on price But we can apply it to dots here and we're right back to where we were All right, all right Let's bring down that size a little bit Let's see here one more question and then we've got to call it a day here um So you can match your studies like that Arjang And you can do it by volume by time by smart clustering, which is a combination of of both Okay, if orange red either continues after the chart does does it mean that they are in the market and didn't pull correct Yeah, so these guys are still up in the market up in these areas here Okay, historically they were and they and currently they are Data feed was covered Well, uh, yeah, uh, David, maybe you came in late But um, how how you connect book map. Yeah, we we we covered that here It's uh book map.com and uh, let's see it's under Uh, well, you scroll down and you'll see it under connectivity. Okay All right guys, let's wrap it up. We'll call it a day And if you're signed up for the advanced order for a webinar, we'll jump over there and see what's going on