 Okay, welcome to the book map platform at details webinar. This is Bruce at book map risk disclaimer Trading equities and futures involves substantial risk of loss. It's not suitable for all investors Past performance is not necessarily indicative of future results For more information go to book map calm. There is a free 14-day trial period. It comes with education You get the book map educational course as well as the access to the advanced order flow webinars in The live market that start in about 25 minutes Okay, and there are other resources as well and then reach out to us at support at book map calm If you have any questions, okay All right, let's take a quick look at book map calm And kind of scroll through it here Just a intro video here under the about section and then some text And some of the features of what the platform is and the benefits here Button here to try Testimonials book map for equities. There's book map NASDAQ total view You can access all us equities via that data feed and then connectivity. So this is important. This is where You this is how you're going to be able to connect book map To the live markets. Okay, we are a software platform Financial trading platform not a data provider However, we do connect also to a few other platforms like Ninja trader TTX trader pro and interactive brokers workstation These are platforms as well, but we connect via the API So you have that option or just connect directly to the markets like using CQG rhythmic gain IQ feed Transact or dev experts for for NASDAQ. Okay, so That's that then pricing. Okay, so for that 14-day free trial period This is where you can find or subscribe to book map. There's a basic advanced and quant versions the Basic version is really the only one there is it's 49 per month billed a quarterly You get that 14-day trial period though or go with the advanced now the difference between those two are the add-ons Okay, the add-on features The one-click trading trade right from the chart, which is an advantage you can see the evolution of all of your trading It's all recorded on book map and in the On the chart. So this is a real nice advantage. Okay, it's excellent also for debriefing your trading activity as well as being able to read the liquidity heat map in front of you and react to it with your trading and that That's truly the advantage that The one-click trading offers. Okay, because you can front-run high liquidity or hide stops behind areas of high liquidity Proprietary indicators we've put together To start to note larger players. Okay with a large lot tracker or iceberg detector And then order book and balance indicators As well as volume and balance indicators And a correlation tracker. Okay, those are the main features quants. You can click here and contact us to So we can meet your specific needs you're gonna have specific needs for data feeds and Proprietary indicators, etc. Okay, so now if you are new to Futures and you don't have a way to connect to the futures market. That's okay. You can click here There are offerings for free Trials of data feeds so you can click here and if you can't decide which version here or the differences between the two versions You can click here for the complete list All right Social media you can follow us on Twitter at book map underscore pro And then you can see here for example This is a image here of This is the ES. Okay. Yeah You can see the colored heat map here. Okay, this is actually coming out in a new version of book map That's going to be out in mid-January Okay, it's also going to connect to cryptocurrencies and have historical data as well So a lot of new features coming out in that new version we're really excited about it new indicators as well great great stuff and really It's going to offer Some advantages that you're going to be able to see in the heat map for example subtleties and liquidity Okay, the YouTube page there's all sorts of videos on our YouTube page you can subscribe to The years there's these intro videos here features and components understand what book map is About or how to use it and then these order flow video snippets Their concise videos that go through order flow phenomena now this order flow phenomena is what we go through in detail in the The live advanced order flow analysis webinars. Okay in the in about 20 minutes That is for current customers or people in trial Right, so that's that let's take a look at book map. I wanted to show you guys here something a Lot of excitement around Bitcoin and here is Bitcoin in book map. Okay. Now. This isn't The offering we're going to have is going to be quite a bit different than this. This is through the CME as you can see okay, and There is very very little liquidity in this market Okay, we're talking we can see over here in this in the column in the dome In book map the COB column here for a current order book You can see there's just one contract at several levels here and there there's lots of Gaps, okay, so there's going to be all sorts of wide spreads here. You can see the spread is well between for the most part it's usually around $50 or so in the spread but Very very lightly traded right now. Okay, it's a new product from the CME but We as you can you cannot you can ask You can access Bitcoin right now if you have a CBOE or CME Connection okay the The offering we're going to have is going to be different it's going to be through G DAX And there's a tremendous amount More of liquidity and volume in that market Okay, or in that exchange So it's going to be a really nice advantage using the crypto currencies with book map. There are some other advantages as well Kind of like 4x where you're able to really scale your Your orders You know instead of you know one lot Which is heavily Leveraged you can go with a tenth of that and scale into positions, etc all right Okay Let's jump in and take a look at Nasdaq. We've been looking at that for several weeks now and Getting in feel for what's going on. You can see it's a down day today and Just want to go through here the basics because we have a lot of new users in the room here are New attendees I should say and welcome So let's just go through it. What is book map showing here? Okay? This looks really foreign compared to a lot of the charts that are out there Okay, and we have an indicator subpanel here, but I'm going to close that up We're just going to go through the basics. There are three elements here on the book map chart and that's it Okay, and let me show you what they are and I'm going to show you with a candlestick chart in a minute But we're going to take off all of this other data here Okay, and the first Piece of data here is historical best bid and offer. That's it. Okay, so there's no candlestick There's no aggregation here All right, I'll get to that in a minute, but that's the first element that we're displaying here in the chart Second element is the volume Okay, these volume dots The dots are showing you exactly where the volume traded. Okay, you can see the color of the dots also has significance big red dot like this is Selling okay, aggressor classification of volume Is where it's a market sell order? Okay green dot is a market buy Okay, so here's a big dot that has both buying and selling in it Okay, let's zoom into this area and I just want to show you a little bit about what book map is showing you Okay, with historical best bid and offer and that traded volume. Here's what really occurred Okay, I zoom in note how I'm breaking apart all of that trade activity and we have every single Event that took place here in the market Okay, this is actually one event here We're down at nanosecond level as you can see here. We've zoomed into billions of seconds and This is one trade for volume of 41 Okay, that's what occurred here Okay at that very low sub second time frame Okay, now as I zoom back out though Okay, and compress this timeline. What I'm doing is I'm starting to just visually aggregate All of this data for you Okay, our book map is and then you can see that it gives you the overall shape of that volume Okay, so this occurred really quickly. We're looking at a second now between each vertical dotted line And this is what happened. Okay, so we can use the Data tip tool hover over this dot and we can see that the volume was 89 We get the date the time what was on the bid Here and then the volume that traded so 89 contracts traded here 41 of them at at minimum we know was one individual event and For 49 or 41 contracts Okay, so that's the volume That's how it's being displayed And that's how it's being displayed on the historical best bid and offer Okay, now there's one more element here on the chart That book map displays and that is the limit order book Okay, it's actually if I zoom in here Okay, we can see the order book here. This is our price ladder. This is the the current order book the dome Your depth of market. These are contracts here on the offer at these price levels and They want to sell these are willing sellers. They want to provide liquidity up here down here. We have the the buyers Okay, and the And these these numbers change all day long. Okay, so we actually are able to show The same data here graphically in this window here. This is the same. This is a dome as well It's just a graphical representation of the numeric values in the dome here and We paint the the areas of high liquidity as bright white So just graphically we can understand the majority of where the players are Okay up here at 6500 which is always the case for the most part when you're talking about significant numbers like that and then down here you can see them on the bid and at this 6495 and three quarters Okay, so what now that heat map here When it's generated by the the large liquidity or the adding and pulling of liquidity It's recorded and it's plotted onto the chart historically here. Okay, so we have the current order book and the historical order book and That's these are the three elements that are on the bookmap chart And that's it okay now understanding this and reading it and putting it into context is What we go through in detail in the next webinar But we can go through some of it here just the basics and start to understand What's going on? Okay, so I'm going to use a candlestick chart for the moment to Show you okay, and some of the problems and Misconceptions here or lack of transparency with the candlestick We're looking at five minutes between each candle And it's only the only data that you're getting on that candlestick chart is open high low and close and that's it for data points Okay, you can start to maybe read the the pressures here with the wicks and the bodies, but you don't know All sorts of data here. It's all just it's not on the chart and But here it is in bookmap for example, we know exactly What comprises this selling candle here? Okay, so For example, this is where we opened right here Okay, it went up for just a couple ticks and then it went down And we're starting to understand microstructure within the candlestick Okay, that's a really important aspect. That's just shown so simply with the historical best bid and offer Okay, because look at this Significant low here Over here and how we come down and test it a few times and then finally break through Okay, we know exactly how how it broke the volume that traded as it broke down through You know the the structure that was that we see lots of little microstructures here There's one here Then there's one here as well and then we broke down below a bigger structure Okay, and then you can see we based down here for a bit and then we came back up and tested Even higher than where we broke from so this is actually kind of bullish To test up to and we just saw the test up into 6500 here Okay But You know so the pullback was was pretty good You know usually you see the pullback to where you broke from around this area here But in this in this case it came all the way up to 6500 and actually oh one You know so another four ticks higher Now the within this one candle here there's all sorts of trade events that took place and You just wouldn't have that Understanding even in a footprint chart if you're looking at a bar that's aggregated That's the problem. You're looking at an aggregated view of price and you're not able to see the the small events that took place and Getting an understanding of for example These little structures that are broken, but then how about the volume? Where did the volume trade? Okay? Now your footprint chart will show you that and it's obviously is going to show you the majority of it traded down here I mean we can just see the lopsided selling down below this 65 or this 6499 level here and a Lot of aggressive selling here Okay, and then the we broke the structure here and you can see how they lifted the offer Okay with the buying the buying came in and a nice nice move to the upside you know pretty quick and Yeah, a lot a lot of buyers are starting to step in here now, too Okay, but understanding this cluster of Volume within a micro structure gives us a lot of insight and that's what's lacking here in the candlestick Okay, so That's the Problem with that candle with that aggregation and the volume not being able to show where when how much and what type of volume and We can we can see it all here within within bookmap the The other aspect here is what's going on outside of the transactions. Okay the the the auction Okay, where are they bidding and offering and if we have a dome we have that view For the current market, but we don't have a history of it Okay, so now what having this recording of that dome I'm able to start to understand the auction at much much higher time frames Okay, I can see that down in these areas here that you know buyers started to step in Okay, early on actually and you and you can see them and we dropped down below that level and You know we can start to understand where where they're lining up to trade and we're talking about larger players here Not just you know the dome for like a few ticks or a pointer or so Here they are up here Okay on the offer. Okay, so the sellers are up here between o2 and o4 Where are they on the on the bid? Well, they're they're starting to show interest down down at some of these levels here around 93 and then at 95 they're just starting to jump in Okay, so we're able to put the context together of the traded volume the transactions The microstructures and how how that volume is relating within those structures And then the interest on the bid and on the offer with the current and the historical book All right, so it's a pretty complete view of the marketplace here and understanding the context of this is Is going to allow you that that sort of transparency that's going to offer more insightful Trading decisions. Okay, so for example, what do we see right now? Well, okay, we broke up. We broke down below and 99 But look at we we came right back up and tested into this area. Okay, nice cluster of selling down here Well, here's a retest of that cluster. We didn't even break the low not yet. Okay, and how much selling was down here? It's not bad, but there's buying on the other sides here, too Okay, so You know something's gonna have something starting to shape up right now But at the moment we can just tell by the the book as well like they they they're not You know trying to sell down at these lower levels down here. They're up here Okay, so, you know, that's where we can come up and test And and we have that potential here right now we see there is basically on both sides there's volume on both sides and And we're channeling between higher levels of liquidity up here at between o2 and o4 and then down here around this 94 level Okay Right, so let's zoom in here because we're starting to see some some pretty big volume come in here But what kind of clarity do we have on that volume? There's really none It's pretty equal across the board here. Hey, they're there and they're right in the middle I mean it's just right in the middle of this of this range Okay, we're looking for insight that will give us understanding of a break of that range and Continuation or a break of that range and trade back into the mean here Okay, look at look at the profile here really nice single distribution Indicative of a range bound market. These are your tails. You'd short the tails look for a trade back into the range Or maybe to the other side of the range Okay, as you guys know that are in the advanced order flow webinars We we have a few different strategies looking for exactly that and right now It's There really is no read. It's Waiting for someone to to get committed here on one side or the other Okay, and let's take the candlesticks off And we're not getting any sort of commitment whatsoever right now Okay, so this is just range bound if you wanted to trade that I mean you you would have to take the risk here at this point To trade it back into the middle of the range There could be selling that that does come in and hit the bid pretty hard but you know The safer bet or the safer strategy would be to wait for and you can you can just watch it and see it The aggressive selling here to kind of exhaust out and wait for the buyers to step in on the other side Okay, and that's that's kind of what happened here. There's a little bit of volume down here So but you can see the buyers here. They're lifting the offer Okay, so they're coming in and and usually this is the understanding this order flow change We're looking for at least a change Right back into the middle of the range And then it's going to be a battle at that most traded level here around this 97 and a half area And and then there's potential to come to the other side of the range if the buyers took control here And we just got insight to that right here. Okay, so look at this these areas of exhaustion up here There's no buying up here Okay, the sellers read that and they start to hit the bid Okay, and they just did All right now That's the volume within a range But we also want to understand the auction within a range and what's their behavior and I don't see much behavior right now You know, they're they're kind of up at these levels and adding and pulling We do see that or they pulled here at 95 okay, and We just saw the follow-through to the downside is too bad. I wanted to cover this When they start pulling Okay at some of these levels Well, it means that the market Can trade lower to find higher liquidity and that's exactly where it just went just went Okay, because they pulled here Okay, they had no intent to trade these guys at this 95 level did not have intent to trade Okay, they pulled Okay, and then here here's our skew in the auction here. This is what we were looking for earlier Understand that 119 contracts just came in and this is the same pattern as we just saw looking for The exhaustion and then return back into the middle of the range here. Maybe to the other side Looks like it it really wants to trade to the other side now. Okay, so it looks like maybe 6500 is the target right now okay, and All of these sellers are going to be trapped right And we'll see we need to we need remember our point of control here Okay, we're right at it and we're battling here at that point of control Okay, but this is a lot of buying here a lot of buying pressure So that this is still very much on the table to come up and test this 65 level. Maybe we just need another rotation here Okay, a few questions here Okay, Edson Yeah, you're looking for areas of absorption and then And and what what Edson's mentioning here is The this this liquidity heat map okay the liquidity and the dome did it trade or not? Okay, or did they pull okay? and this is a big problem with understanding the dome because It's a In the dome these numbers change so quickly But we really want to understand if the stand them in the order book here And they actually trade did they have the intent to trade or did they pull? okay Geraldo It will work on a Mac book map works on a map. It just will work on a Mac running in Parallels or boot camp or whatever it is. Okay, so it's it basically runs on a PC or on a Mac That is simulating PC there. There we have many traders that do that IQ feed. Yep. We support IQ feed. No problem there Let's see Leon Can one use this if here is other No, this is we're we're basically time-based here Leon, there's there's no kind of aggregation in terms of rinko bars or reversal bars or range bars and That's actually a benefit because You know, we're able to we're showing every single event. There's no aggregation Okay, so that's what allows us to zoom into these levels and see every single event and you know Look at how these markets trade algorithmically Okay, down at we're at microsecond level millions of seconds. Okay, and we can zoom out really quickly And notice the little little spoof right here. Okay, so this goes back to Edson's question we're Want he wanted to know about an area if it was absorbed. Okay, and I'm just gonna make a quick distinction here Look how the skew in the book here right here very very high liquidity okay 68 contracts popped into the book and And and the sellers jumped in as well and and price Move down about a ticker ticking a I mean a point point and a half And then they pulled out and the market went right back up. Okay. These guys had no intent to trade at this level Okay, this is this is like spoofing type of activity here Are you able to this it's all recorded here so you can see it Anyway areas that are absorbed. No, this area was not absorbed down here. This was you can see them pulling here as well Okay, so I hope that answers your question there Edson, you know, it's an interesting thing the Although they pulled down here Now I'm gonna turn on the iceberg detector because I'm looking for maybe icebergs down in this level here But actually I don't I see a little bit, but there's not much But this is gonna be trapped volume because they look how they jump in here and had been tend to trade here at 93 and a half Okay, and they trade right into it right here Okay, and they stayed in the book. So these guys wanted to be buyers here And and you can see the reaction that that had on price. Okay pretty strong reaction All right Okay, so yeah, you can see our trade to the other side of the range nice one and That's what we're looking for a little earlier, but we had one more nice rotation no absorption Skew in the book and a nice move to the other side of the range here All right. All right guys, let's call it a day here And if you're in the advanced webinar, I'll see you over there