 Cast is now starting. All attendees are in listen-only mode. Good morning traders, can you hear me and see my screen if you could? Just then type questions, and the questions, yes. Okay, great, let's get started. Okay, yep, thanks guys. Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap Risk Disclaimer Trading. Futures, equities, and digital currencies involve substantial risk of loss and not suitable for all investors past performance is not necessarily indicative of future results. For more information go to Bookmap.com. The software product comes along with an educational package. Okay, there's an educational course that is a four-part course. Each part is an hour long. We start with the very basics, with understanding market mechanics that makes the market move, and then we go into very advanced. Okay, so even some HFT developments, et cetera, starting to identify specific players in the order flow. And then every day we have the advanced order flow webinars that comes along with the product. And we show you the phenomena that Bookmap is uncovering in the live market and we start to anticipate a price movement based on what we see in the order flow. The advanced order flow webinars back up the content in the educational course. So you can learn about order flow from the educational course and then every day you can see it live in the advanced order flow webinars. Okay, so let's take a look here at the website. A lot of new traders in here, so I just want to welcome you. And great to see the interest here in Bookmap. All right, Bookmap.com. We scroll down here. You can see the intro video here is just a couple of minutes long. More information here about Bookmap and Bookmap for equities. I'll get to this in just a minute. And then connectivity. Okay, so what is Bookmap? Bookmap is a software visualization trading platform. All right, so we are a platform. We're not a data provider. Okay, so for futures and U.S. equities, you will need to provide the data. You can see that there are some trading platforms here like Ninja, TTX Trader Pro, and Interactive Brokers Traders Workstation. We connect via the API of these three platforms, but we are a platform as well. So you can connect directly to CQG Rhythmic Gain IQ Feed Transact, and then Dev Experts. Now this Dev Experts is for that NASDAQ Total View. So it's for U.S. equities. It's a great data feed. It's full depth of market and very low latency. We also connect now automatically to the GDAX Exchange for cryptocurrencies. So if you're interested in trading crypto, we now offer it with the Bookmap 7 version that we have. Here are the different packages that are available. You can either get it monthly or yearly. There's Digital, Digital Plus, Global, and Global Plus. So the digital version here is free. It's real time. You get a full version of Bookmap. However, you only get one symbol from the GDAX Exchange. And then this is just added as well, U.S. equities. Now this is going to be delayed data though. So you can take a look at it, but it will be delayed by somewhere between 24 and 72 hours. So you can check this out, see if this is something that works for you. You only get one digital currency at a time, and you get just the basic education and limited support. Now the Digital Plus is $37 per month. You get the GDAX Exchange as well, just like you do with the free one, except you get the ability to trade from the chart there in Bookmap in real time. You can record and replay your data and you can look up at least 20 different instruments. You get the advanced education and you also get the full support. Bookmap Global version. This is for the futures and U.S. equities. So it's everything in Digital Plus. You get connectivity to futures and equities, but you will need to provide the data. The Global Plus is everything in Global, including the one-click trading, and you can see these add-on indicators that we put together. These are proprietary indicators specifically designed to understand the order flow. And specific players like Large Lot Tracker, Iceberg Detector, and we're looking for larger players in how they're providing liquidity or pulling liquidity in the order book. All right. Let's jump into Bookmap, and one more thing, a few more things. So you can follow us here on Twitter. You can see some new articles here, lots of new stuff here coming up at Bookmap underscore pro. You can also subscribe to our YouTube page here. All sorts of videos, and I'll just briefly go through it. There's intro videos here in the playlist. You can click on the playlist heading, futures and components videos, and then order flow video snippets. This is what we go over in the advanced order flow webinars in detail, though. These are concise to the point videos uncovering the order flow phenomena that Bookmap can visualize. All right. Okay. Well, lots of volatility today. We're going to take a look at the S&P, and we had the 830 data out this morning for the CPI inflation data, as well as retail sales. One was positive, the CPI, and the negative was on the retail sales. Anyway, you can see this, the massive move here. Okay. And you know, this is what we've been seeing lately in the market anyway, because of the lofty stock prices or, you know, market prices. We know that the Fed is going to start raising rates at some point here. Okay. The CPI data, you know, starts to shed some light that there is inflation and that they can start raising. Regardless, we can see the massive move down, but then right back up into where we dropped from here. So it's looking poised and maybe tested a little bit higher. This is where the swing is around this 75, and you can see high liquidity already in the book there waiting to absorb prices as it comes up into this area here. So I'm sure we're going to get the test here in just a minute here, but we'll take a look. All right. So what are we looking at here at Bookmap? There's a lot of data on this chart. But it's actually really straightforward data. Okay. We're looking at just three elements. We're looking at the historical best bid and offer. And we're looking at the volume that traded on that historical best bid and offer. And then we're looking at the heat map here, which is the evolution of the dome. Okay. It's what you see in that limit order book, but then it's recorded and plotted onto the chart. So you can see that the bidding and offering the history of it. Okay. Just trading up into 75, 76 level right now. And let's take a quick look here. Okay. This is the swing that I have, and we're right into it right now. Okay. So that was inevitable. But any of those traders that were shorting this, putting their stops up above are getting stopped out. So anyway, the... Let's just go through it here and take a quick look at these three elements in the book map chart. Okay. And then let me know if you have any questions. So the way we'll do this is we will show a candlestick chart and we're going to take off everything else. Okay. For the moment. Okay. We're all accustomed to this view. Okay. It's a five minute candlestick chart. Each candle is open, high, low, and close of a five minute period. And there is a lot of data though that happens within that five minute period. Okay. And we have no clue as to what's going on there. The reason being is that this is aggregated data. Okay. And it is very opaque. We don't know all sorts of details here like microstructures within that five minute period. And then the volume too that traded on those microstructures. It gives tremendous insight here. So let's add the historical best bid and offer. And this is what I mean by microstructures. Okay. Like we can see one up here. Okay. It, we broke out to the upside here. Kind of went sideways for a bit. And then came right back down and tested basically a little lower than where we broke from here. And you can see that the buyer stepped in again. Okay. And these little structures are broken. And then the volume that trades within these structures is what gives us the insight. Okay. So let's turn on the volume dots. Okay. And this is very indicative of what I'm speaking of. Okay. So let's zoom in here and look at this very specific area. Okay. And let me bring up the dot size a bit. Okay. All right. Well, so very indicative of a trending market, as you can see this little downtrend here, more aggressive sell volume. Okay. The red dot is aggressive market sell. Green is aggressive market buy. Okay. Lower lows, more volume on the downside here. We make a double bottom here. As you can see, and then look at the cluster of a buying that starts to step in here. Okay. This is different. This is a change in the order flow. Okay. And they lift the offer above the swing here. Okay. And in fact, not only do they lift it above the swing, look where they come back and retest twice, once and twice. Okay. Right where we broke from. Now price is accepting above this 2655 level. All of this kind of data here is simply not in the candlestick chart. Okay. So we have an understanding that the bulls are starting to take control here. Okay. We can see the shift in the order flow in the volume. And we also can see that the microstructures are broken. Okay. And this is the kind of insight that you're going to get. And the, this is just the two elements here. Okay. And let's just zoom in here because I want to show you exactly what we're showing here in book map because it's very simple and straightforward data. The historical best offer is the red line. Best bid is the green line. You see the red dots here. These are market sell orders. Okay. The green dots are market buy orders. Okay. They cross the spread. They take liquidity. For example, with a market buy. And they trade up. Okay. They're lifting the offer. And we can zoom into these little areas and you can see that book map is recording every single transaction. Look at the timeline down here. You can see we're looking at microsecond levels. We can continue on and we can look at nanosecond levels. Okay. Now, we don't trade up those levels but we're recording every single piece of market data and market events. Now, as I zoom back out, note what we do here. We just visually aggregate that into a bigger dot. Okay. So that's how we display the volume within the historical best bid and offer. Okay. And at a certain point, there's so much volume that trades in specific areas that we will give you an overall delta of that volume with a pie display. Okay. So in fact, let me bring up the volume here and I'll show you what I mean. So you can see that this is a smart clustering algo. And the overall volume and shape that you can see in the pie displays. Okay. So there's both buying and selling in here but we're giving you the overall shape. So for example, here, I mean, the overall shape is really straightforward. I mean, you can see it. It's mostly buying. Okay. And that's really a no surprise. Okay. All right. So that's the volume and historical best bid and offer. And reading the structure and volume together here. Okay. Now let's take off the candlestick chart and let's take a look at the heat map. Okay. And what this heat map represents. Okay. This is the third element on the chart. And what it's showing you is the limit order book, the evolution of that order book. Okay. Now, if we go to the current market, for example, here's our dome. Okay. Here's our price ladder. And you can see that these, these levels here where the high liquidity is. All right. It's just these numeric values are the number of contracts that are resting at these prices. And this is where we can find sellers up here on the offer and buyers down here on the bid. Okay. Now we take this data and then we paint it in a heat map here. So when those numbers change and you can see they're changing all the time, the heat map will change. All right. And you'll see, you know, them adding or pulling. So for example, then this little area has been getting kind of darker and then brighter. And then, so they're adding and pulling liquidity. Okay. So you can see here where it got brighter. This is more liquidity was added and then they started to pull. So that's what we're showing here in the live market window. This here is your best bid and offer and last traded volume. And what we do, though, is we take this data and we record it and plot it onto the chart. So here we can start to read the auction. Okay. And you don't have to remember the numbers here in the dome because that's a lot to remember. And it's very difficult. There's lots of different things to remember and you would have to memorize it. How much liquidity was at that level? How long was it there? Was it there before? Did they come back in? Did they add or did they pull? What about areas around it? Did they add or pull above? As we can see here, there's higher liquidity up above and they're starting to pull up here at this 78 level. Okay. So those are all questions that we can very easily answer looking at the historical auction here. Okay. All right. Let's see if we can get up to the 77 level on this rotation. No, not quite yet. But maybe one more move to the downside here. And then it looks like it's poised, though, to come up and test this 77 area, but we'll continue to read the order flow here. We're starting to see some sellers here. Maybe one more move to the downside here. And then we'll see if we can come back up into this area here. Okay. All right. Well, those are the three elements. Let's take a look at what's actually going on here. You saw the move. We were witnessing the move kind of taking place in real time up into the 76 and three quarters up here, as you can see. And then you can see that we sold off a nice cluster of buying up here. Okay. And then also countered here with some selling on the swing to the downside. Yet we're still bullish here. Okay. Our structure is still bullish. And I'm kind of curious to see that we did not make a higher high yet and come up and test 77. Okay. But we'll see. And we'll just read it. And I like the kind of buying up here. I'm waiting for kind of a return back up into this area. But as I say that, I mean, we're seeing more selling starting to come into these areas here. Okay. We're reading the tape. All right. So it's kind of sideways right now. And we're starting to understand where the traders are transacting. Okay. So look at this high liquidity that just came in here. Okay. The 72 and a half. Okay. Also down here at 70 and at 69 and a half. Okay. So buyers are starting to line up here on the bid side. Okay. And the sellers are starting to take them on. And you can see the transactions are taking place here. Okay. Yeah. Let's see if we can get down below the swing here into this high liquidity here. We'll get maybe a retest back up into these areas here. Okay. Okay. One of the things also we look for is understanding the the aggressor. Okay. And where they initiated their buying or selling. Okay. So for example, they initiated the buying here. Okay. We can very clearly see it. All right. A lot of times what occurs is we get a pullback in that area. Okay. So somewhere between here maybe here or here. And this is that pullback. All right. And we still haven't gotten quite down here yet. But and why would we pull back into these areas? Well, after seeing a really big move like this to the upside, you know, from 69 up to almost 77, the we need to see if there's still buyers down interested at these levels. Okay. And it will support price if there are buyers up here at these levels here. Okay. And that's what I was showing earlier. As you can see the these kind of structural areas, some sideways action and then it breaks and then accepts above. And like in this area here, here's our break above this swing. And we come back and retest a little bit higher on the retest. So it wasn't very deep of a pullback here. And it accepted here at this area. And we get price discovery still to the upside. Okay. Any questions? Starting to see the here is a break of the swing down here, as you can see. Okay. So and we're starting to see some red clusters in these areas as well. Okay. So it's really kind of on both sides. All right. And that's kind of why we're going sideways at the moment. Still looking for that retest back up to the high here. We can see there's someone's coming in at 76 here with the 700 and there's 773 contracts up there. Okay. Here come some buyers. Okay. Let's see if we can get more buying up here around 73. If we can, then we can break out of this range here and maybe come up to the top of the range. We're still in the range though right now. So we're still range bound. This is that micro range I'm talking about. Okay. Here come some buyers. Now we're getting some aggressive buying up at this area here. Let's see if we can get a little bit higher, some price discovery maybe up to 75, but ultimately 76 is the target here. Okay. Or even 77. Okay. So this auction here just failed right back into the range now. Okay. Let's see. A high probability setup here that we note quite often here is like if we get to one side of a range and fail, there's pretty good possibility that we're going to go to that other side to test it. Okay. So that would be then maybe coming down to 70 here and testing that now. Okay. Testing 70. Okay. Traded into 70 here. Okay. Now I'm curious if we're going to mount another attack here to the upside. Okay. Have this auction fail here. We see liquidity coming in at 74. All right. Let's see. Anything else that you guys have any questions about? Now we do have an indicator sub-panel here as well so we can look at the cumulative volume delta. Let's see if that's giving us any insight here at the moment. Not really. Okay. Here come the buyers. Let's see them lift the offer now. This is looking pretty good. 74 was that they started to come in the book here at 74 a bit. I'm still looking for the ultimate target here would be 76. All right. Okay. So now if we can get that volume here, what I'm looking for as well is a sweep of the order book. Okay. A very quick move here to the upside. Okay. And that's how we break out into new areas. Okay. It's a sweep of the book with all of the liquidity here on the offer taken by the aggressive buyers. Okay. We got up here again. It still fails. So we're right back down into the range here. Here's our next rotation. Now let's get that sweep here of the book. We'd love to see it just to demo it. Else we can go find another one. And it's one of the points that we cover in the educational course is understanding that just basic market mechanics of a sweep of the book it's crucial to understand and how the markets actually behave in the basic mechanics of the market. Okay. This is a book sweep over here, but I want to see it actually break in a range that would be a little bit better. Maybe here. This is actually the best. Let's go back here. Okay. Well there's some selling in here as well. Okay. But the majority of this is buying as you can see. Okay. So the aggressive buyer, he's taking all the liquidity here on the best offer. Price moves up as he lifts that offer a couple ticks higher. Takes all the liquidity here and lifts up another tick here. Okay. Let's see the probably some of the best examples of this. This is not bad here as well. But we can just take a quick look over at Bitcoin. And it's just great to see this kind of stuff here. I mean, here's right in our face. Right here is our sweep of the book. Okay. And you know, they just, this is a beautiful example. Okay. You see these examples in Bitcoin just perfectly. So here we have the best offer and then the buyer step in. And they're taking all the liquidity. Okay. Up to this price level here. Okay. Until the next transaction takes place. And then there's more buying here. Okay. A little bit of selling come in here. Just a very small amount. Okay. And we have one more sweep. Okay. And where do we go? Target is the high liquidity here. And that's exactly where we went. Okay. At 9350 here. All right. You can also see that the spread, how the spread widens out here. Okay. And the best bid catches up. Anyway, let's call it a day. That's the basics here in book map. And if you're signed up with the product, then we can, we'll see you over in the advanced order flow webinar. Okay. All right guys. All right. Thanks. Bye-bye.