 Okay, so welcome to the bookmap platform details webinar. This is Bruce at bookmap a risk disclaimer trading equities futures and Cryptocurrencies involves central risk of loss, and it's not suitable for all investors path performance is not necessarily indicative of future results So if you're new here to bookmap more information, you can go to bookmap.com There's a 14-day free trial of bookmap. It comes with education okay, what you get is the The 14 days of the platform You will need a data provider. I'll get to that in just a minute, but it also includes the educational course you get access to that It's four parts secondly, you get access to the the advanced order flow webinars And those start in about a half hour following this webinar And then there's other Educational resources as well, and if you have any questions you can reach us at support at bookmap.com Okay, let's take a quick look at the website. You can see digital currencies coming soon Probably another week or so for the release of bookmap 7. Okay, I'm gonna demo bookmap 7 for you so you will you can ask any questions and You know, we'll go through some of the new features some great stuff Incredibly powerful now All sorts of new features and I'll just have to cover them over time here Anyway, there's an intro video here at bookmap.com as you scroll down. It's a couple minutes long That just gives you an overview as well as this about section here gives you an overview of what's going on There's bookmap For equities as well So it is through this NASDAQ total view here. We continue on down connectivity okay, so We will have the Connection to the digital currencies soon, so You know it can answer your questions on that But you can see the different data providers and brokers that we connect to here Okay, so this is for futures and for us equities. Okay, so you can also see here We have some platforms involved Ninja trader interactive brokers traders workstation and TT X trader pro These are three platforms that we connect bookmap via the API. Okay, so That's one way of connecting However, we are a platform just as they are so you connect them direct You can connect bookmap directly through the data providers. Okay, so CQG rhythmic gain capital IQ feed transact and then for us equities through that dev experts. Okay, and then shortly the Cryptocurrencies Okay, but further down here's the pricing information in the trial you get the 14-day trial period There's bookmap basic advanced and then for quants. Okay, so it's $49 per month now after that's after the 14-day trial And 99 per month for the bookmap advanced. Okay, so what do you get? That or what's the difference between the two and the difference is primarily The add-ons here one is the ability to trade from the chart Nice advantage here because you have the liquidity heat map in front of you Therefore you can front-run high liquidity and hide stops behind Areas of high liquidity. Okay, then there's a host of proprietary indicators that we put together large lot tracker and iceberg detector for example These two add-on indicators are starting to identify larger players so not only liquidity and order flow Issues, but also just larger players in the market And that's a distinct advantage so being able to see where larger players are holding the majority of liquidity Or where they're getting filled with their hidden orders using iceberg detector You can also see that there's some in balance indicators here For volume and order book in balance as well as a correlation tracker Okay, quants you can reach out to us here click learn more We work with several quants connecting your own data It might be offline as well that you want to use your studies for Whatever it might be we can work with you API connectivity and your proprietary indicators, okay? I've been several several quants recently, so If there's anyone of you out there just reach out to us at support at book map comm okay now if you're new to to book map and to the markets you can click here for a Data feed so you can get a 14-day trial period of data because we're not a data provider. We're a software platform and you can Align that 14-day trial period of data with the 14-day trial period of book map the basic or advanced Okay, and if you want a more comprehensive list of all the different features you can click here Okay All right Let's see here on Twitter you can follow us on Twitter at book map underscore pro You get up-to-date information about Product information retweets from others etc. You can follow us here also on YouTube and There's an intro video here if you're new I would recommend going through some of the intro videos just to get a feel for what's going on 6.0 Overview for example here And then some of the features and components to go through some of those to see and understand what book map is But these order flow video snippets now. This is what we go through in detail in the advanced order flow webinars live market Looking at the phenomena in book map Okay, the various order flow phenomena and then going through them in detail now these videos here are very concise They go through that phenomena and the concept of them But then the details we go through in the in the webinar. Okay All right. Well, let's jump into book map and take a look here All right, what are we looking at? Well, this is actually big Bitcoin And I want to make a distinction here. So maybe you guys are interested in trading some of the crypto currencies and This is a Bitcoin here, but it's not through the futures It's Bitcoin is now available on the CME as well as the CBOE Okay, and I can show you Bitcoin here from the CME Okay, here it is here. All right We're gonna see a big big distinction between the offering here on the CME and then what we're gonna be offering here shortly on G-DAX the G-DAX exchange Here you can see it on the CME. Here's your liquidity in the heat map here the current order book over here You're looking at high liquidity is being two contracts or three contracts. That's it There's not much liquidity here at all. I mean, it's basically untradable. Okay, unless you're going for a much longer term And if we look here though at the G-DAX Look at the liquidity here. There's tons. Okay I mean we can see the amount of coins here at some of these price levels actually a little bit thin today to be honest But you can see five thirty four coins up here. Okay 11 coins nine coins right here and you can see the spread as well. It is one tick wide Okay, so you can see there's plenty of there's plenty of liquidity here to get involved in in the G-DAX And this thing moves so for speculators. This is going to be an excellent platform to get involved with the digital currencies, okay All right Let's see. Let's take a look at the the NASDAQ okay, and Jump back here Zoom out a little bit Okay Or you can see here this this white line is in the new new book map 7.0 as well This is the historical VWAP right, so those of you who are interested in trading back to the Most traded average price. Well, you can see how that relates here And actually pretty pretty nice display for it immediately here this morning. We're right in the middle of the range. Okay so Funny funny to see that But any of those larger players well They'd be looking to buy here at VWAP or maybe a little bit below if they want if they're looking for a continuation to the upside Okay Very simple stuff here looking at a book map in the volume columns here We can see that we have a very nice p-shaped profile here. So it looks like it's good for continuation to the upside but That's just some volume profile Analysis Let's just go through book map and some of the basics here. Okay, we're not Trading one specific style. There's many different ways to look at this product here to integrate within your trading style So what are we looking at here? Okay? There's a lot of looks like a lot of data here It's actually pretty straightforward and simple. There's only three elements here If let me take the VWAP off for the moment here Iceberg Some of the some of the indicators here take those off Okay, three elements on this chart and that's it Okay, this is no derivative of time price or volume. This is a very objective view of the market So let me explain first element. We're looking at here is the historical best bid and offer Okay In this window here, you can see current best bid and offer red line is the best offer green is the best bid and Then that's just recorded. That's it historical best bid and offer no derivative of timer price. It's just the What was the price? And then we're looking at these dots here. These are transactions. It's volume that traded on that historical best bid and offer That's the second element. Hey, the third element here is this colored heat map That's new in book map 7.0 for those of you who are maybe in trial right now you probably you have then the grayscale heat map which I like quite a bit a very classic look here but Make a distinction between the two here and why this is going to be an advantage using that colored heat map Okay, let's let's jump back to it Okay, is that we can see there's going to be some some details here in the liquidity that the colored heat map can display that the Gets a little obscured with the grayscale heat map Okay, so you can see that right in this area here. Well, you can see that they started to add liquidity from You can see dark gray is lowest level of liquidity and then it gets into blue Which is higher than white yellow Orange and then red this one's red So the areas of red are the highest liquidity Okay, so they were interested in selling up here and you can see them starting to layer in with liquidity up here Okay, also down here here and here and ultimately They pulled this liquidity and it traded up into this area, but They they pulled and basically what we have is just we didn't find buyers up here to take this any higher So we we've we've come back right down into the middle of the range Okay, so anyway before I get into Some of the analysis of the the order flow here and what book map is showing you and how to use it Let's just go through these three elements Okay, the historical best bid and offer The volume dots and this heat map Okay, and the best way to go over this is to first take them all off And just show you a candlestick Okay, here's a candlestick chart All right, and why this is Really a disadvantage using a candlestick chart here. It's very simple because It's aggregated okay within a bar here the data is all aggregated and That that's taking is taking a clump of data And then just kind of just plopping it all down in into a form here In this form being five minutes Okay, that's a problem because there's all sorts of detail here that we don't have now. Okay, it's obscured so I Like the simplicity of the candlestick chart and I think it can be very telling But we want more information here. We're making important financial decisions and With book map You're gonna get insight into these areas here. Okay, so for example Microstructure well, what happened in this this 15 minute period here, you know You start to put maybe together some of the candlestick patterns, but we're still not bullish here Like you're not bullish until I basically up here on the candlestick pattern, right a close above a high here Right. Well, then you only get a few points up into this area Now I'm gonna show you this just a historical best bid and offer is gonna allow us to see Microstructure in details here. Okay, so there is a little microstructure down here. Okay, it's not much But there is something so what happened is price came down here. Let's zoom in here a little bit Okay, so within this five minute period here or this 15 minute period. Let's say this is what occurred Okay, first we broke down below this microstructure here Okay, here's the low. Here's the low. Here's the low and we broke down Okay, we came down to new lows out of the structure Okay, and it accepted down here for a period of time We even had a retest here came back down retested the low again and then went sideways. This is another structure This structure to was broken within this five minute period here And we don't see any of that data within that five minute candlestick and we can see the move up above here Now it is broken above and accepted above this structural area here Okay, and you can see the retest here once twice and then a little bit higher here That's what happened within this five minute period. This candle has a big wick up here. This is actually showing kind of bearish behavior right because it's looking like there's sellers up here and look like potentially continuation to the downside it would be better if this body was red but We didn't get that Anyway, the point being here is we're getting much more insight with this historical best bid and offer okay, and we can see the the structure broken except it above and then we have price Discovery even above that okay, and and we came up to new highs Okay, all of that kind of information is insightful. Okay now we want to also understand the volume Okay, where did the where did the transactions take place? And this is look reading the tape the order flow Okay, well you can see the sellers here Driving price lower and how why is that okay, or how is that being displayed here's here's how it's being displayed in book Okay, look at the the selling here the red dots here. It are aggressive market sell orders Okay, the green dots are aggressive market buy Okay, so let's zoom in a little bit closer here So these are those first two elements. We haven't gotten to the heat map yet first element was just historical best bid and offer the second element now is the Transactions on historical best bid and offer Okay, so now we can understand where the volume is trading And look at the aggressive selling here quite a quite a bit more here on the sell side They took liquidity off of the best bid they crossed the spread they paid up for it And when they hit that market sell button the transaction occurs here and a red dot is painted Okay, green dot is a market buy that took liquidity off of the best offer Okay, so they're continuing to hit the bid pretty hard here as you can see okay now We're down at Five seconds here of data between each vertical dotted line Let's continue to zoom in here. Okay, and let's see really what happened and we can go down into You know, we're looking at microseconds now millions of seconds between These dotted lines here. Okay, we can continue to zoom in okay. We're looking at now nanoseconds Okay, we're looking at billions of seconds a book map can handle that It's complex event processor can handle all of this data So we're giving you every single element in the market. Okay as it came in And and we're just plotting that data here on that historical best bid and offer Okay, so now we don't trade at those levels. So when we zoom out And we continue to zoom out This is what's gonna happen. We're gonna Aggregate just graphically. Okay, we have all of this data here every single event But as we zoom out we're gonna we're gonna aggregate graphically this into bigger dots Okay, and you can see that we get the overall shape of these dots, too Let me bring up the scaling here just a little bit okay, so Here for example look at this pie display Okay, there was a lot of volume that traded here, but there's both buying and selling within this area Okay, we can use this data tool to know exactly what traded within this area here. Okay this cluster 761 contracts traded here Okay, we get the date the time was on the bid here At this price level and then the volume that traded here Okay, and at this price level is giving me because it's so many transactions We're giving the VWAP of that price level. Okay, so that's the traded volume here and We give you that overall Delta and shape of that volume on the historical best bid and offer so what we're looking at here in book map is Understanding the volume Not from just like a sub chart here in a candlestick. Okay candlestick You'll see a volume sub chart which is completely opaque because it's not giving you Understanding of where that volume traded on that candlestick. Okay, like for example, look at the cluster of volume down here So in this wick there was very there wasn't a lot of volume compared to a lot of the volume down here at this Into this lower structure Okay, that's an advantage here is being able to understand where that volume is trading now for those of you who use footprint charts You know, you're gonna See this volume as well, but you're gonna see it aggregated to and within a bar Okay, it might be a volume bar. It might be a rancor bar. It might be a rotational bar. It doesn't matter It's still gonna be aggregated Okay, now that the disadvantage that you get with that is not understanding this this order flow here This is a classic reversal here in the order flow Okay, and why is that? Well, look at all the selling look at the retest into this area. Look at the exhaustion down here We don't see a lot of selling here and then we see buyers starting to lift the offer in this area here Okay, so we're looking for higher highs now and price discovery to the upside Okay, and in fact we get a pullback to where we broke from here Okay, it even could have pulled back a little deeper. It did not Okay, and we found more buyers Okay, and they pulled price up and made new highs for the session as you can see Right, that's the kind of insight that you're getting with the volume showing you where how much what type Exactly when in the micro structure in the context of the structure All right, and those are just two elements. We haven't even covered the heat map yet Hey, so let's get to the heat map. Let me bring this dot size down a little bit Okay, and let's take the candlestick off here for now and let's put the the heat map on Okay, so now what we're looking at in the heat map is where they're bidding and offering Okay, and we're looking at this historically here, so how do we how do we derive all that information? Well, let's take a look at current market Okay In your current market here, okay everything to the left of this vertical white line here is all historical data Okay, this is what happened Everything to the right of it is current market. Okay, so here's your best bid and offer This is your last traded volume And then we see the price ladder here and then we see the the current order book column This is showing me my depth of market. Okay, this is your dome you can see the Depth here on the on the offer and then your depth on the bid down here and You see the high liquidity here in the numeric values Okay, what book map does is it takes these numeric values? And then it paints them in the heat map here in this window In fact, let me let me change this back to the might be a little bit easier to understand with the Oranges being the highest area of liquidity Okay, just a little more contrast Okay, so Now we're we can very easily and quickly see areas of high liquidity in the offer in the bid Okay, well here they are larger players are down here or the majority of the liquidity is down here at this 2740 and and a half and we're starting to read now that as price is coming down They're starting to pull okay Because it went from what 1,100 down to you know now a thousand thirty or something so And and they just pulled a bunch of that as it's coming into this area So we just made a distinction between High liquidity here and their intent to trade Okay, and we those numeric values were painted in the heat map and you can see that we recorded them and Then plotted it on to the chart and that's that third element here that we're looking at a very simple. We're just looking at the Record of the dome Okay, so now we can start to piece together though all sorts of information Okay, we can see where they're interested in bidding and offering in the auction Okay, this is an important part of order flow that most other platforms They just don't they don't display this Okay, but we know exactly what's going on here We know that this was fake liquidity here at this 40 and a half level because they pulled they don't have intent to trade here Okay, where are they showing intent to trade? Well, maybe a little bit down here at 39 and at 38 That's where the higher liquidity is Okay, now let's put this into context too Okay, why are they down here? Well look at the structure Okay, it's at the swing low. They're just below the low here So looks like buyers Are they're like responsive buyers? They're looking for this being an area where maybe stops get triggered They want to provide liquidity. They'll take the other side of that trade Okay, and They're looking to Most likely trade it back into either VWAP or point of control or maybe to the other side of the range or maybe even more Okay, but that's where they're that's where they want to bid or that's where they are bidding is down here Okay, note the below the sweat this micro swing here as well at 39. Okay, not as much interest down here But you can see them here All right, so anyway, that's the kind of insight that you can get And that's the third element here looking at the heat map Okay, so that's the complete view of the market very very objective information case. No, it's not an indicator It's not a Derivative it doesn't it doesn't lag. This is a complete view of the market and it's the best bid and offer the transactions and the Liquidity in that auction and understanding that auction Now what we do in the next webinar is we put all of this into context Okay, and starting to understand these areas here And their interest okay, because that's really what this is about It's a dynamic marketplace and we want to understand the context of the players in this market Okay, well anyway, let's wrap it up and if you're signed up for the In trial or if you have the product then we'll see you in the next webinar. Okay. Thanks guys