 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities futures and cryptocurrencies Involves substantial risk of loss and is not suitable for all investors past performance is not necessarily indicative of future results if you're new here for more information go to bookmap.com and There is a 14-day free trial of bookmap. You get the entire platform It comes with education you get the educational course is four parts and then That the supportive material that backs up this educational course is the live advanced order flow Webinars and those are immediately following this webinar at 11 a.m. Eastern time New York time So go through the course understand You know what you're looking at in bookmap how to use it some of the setups and Strategies and then some advanced setups and strategies and then watch the in the live markets how to apply that What you learn from that educational course? Okay? More information support at bookmap.com you can reach out Let's go to the website here, and we'll just scroll down so there is Intro video here information just about book map in general a Bit further down there's book map for equities. It's not just for futures and It's also for cryptocurrencies now. Okay. Well coming soon and Connectivity, okay, so this is important. We are a data We are a software platform. We are not a data provider. Okay, so you will need data in order to get bookmap to work Through your broker or maybe you have a paid data feed. Okay, so we're a platform just like Ninja trader TTX trader pro and Interactive brokers traders workstation that you see here. Okay. Now these three platforms here They they are platforms. However, we connect via the API of these platforms So we can connect to them. However, we are a platform just like they are so you will connect bookmap directly to your data Feed through CQG rhythmic gain IQ feed transact or dev experts, which is the NASDAQ total view which gives you the all the US equities All right Now if you need a data provider or a trial you can click here We just scroll down a little bit more into this trial area here. Okay you can click here and give 14-day trial of Specific data feed and and try bookmap with it. So 14-day free data Along with 14 days free trial of bookmap basic or advanced. So there's two versions basic and advanced They're 49 per month or 99 per month build quarterly And the difference between the two are the add-on features Okay, so the ability to trade right from the bookmap chart And then these proprietary add-ons that we put together that are specifically designed for understanding the order flow So for example We have a volume and book and balance indicators. We have a correlation tracker And then we also look at not only the specifics in the order flow, but specific players So a large lot tracker you can identify larger players holding a lot of liquidity at specific price levels Iceberg detector is also larger players use hidden orders because they don't want to show their liquidity that they Are providing in the book. So they want to hide that and they'll use an iceberg order And I can go over those if you have questions. Just let me know Quants you can reach out to us here. You'll have your specific needs We work with several quants to connect proprietary data and indicators etc Right, you can also follow us here on twitter at book map underscore pro and get the most up-to-date information What's going on out there? and then the YouTube page okay all sorts of videos are here great resource if you scroll down from the home page There's some intro videos here. That's a good place to start Then maybe with some of the features and components videos to understand what you're looking at in book map And then video snippets these order flow video snippets now These aren't so much about the platform They're about the order flow phenomena that book map visualizes very clearly and gives you an advantage With that visual visualization. So these are concise short videos that go through this market phenomena and How book maps uncovering it and then how you can you can Understand this phenomena and take advantage of it With the visualization here in book map now. This is really kind of where the rubber meets the road And this is what we go through in the advanced order flow webinars in detail okay, and So, you know, we'll go through some of it today not much just the basics but the advanced order flow we really dig into the The specifics here in the order book. So let's take a look at book map and what's going on here All right, so looking at the Nasdaq here And let's zoom out and actually let me take off. This is a new what I'm looking at here. This is the new Book map that is version 7 Okay, and Has a colored heat map now. You're not able to get this quite yet demoing it now and so ask questions, please but We will will be releasing this very shortly probably in another week or so. So keep an eye out for that It is beta. So be aware of that but anyway What are we looking at in book map? All right, this looks like something Unfamiliar in terms of a charting platform Okay, it's actually really simple straightforward data. It's it's not a derivative of time price or volume and in fact in that sense it is Conceptually a lot easier or simpler I should say and We're just giving you really a very objective view of the marketplace and what's going on there There's only three elements in this chart Okay, historical best bid and offer the volume that traded on the historical best bid and offer in these dots And then this heat map that you see here. That's outside of the the Traded range. Okay, this is the these are where they're offering and this is where they're bidding So in general, we're basically taking the the information from the depth of market that the dome and We are recording it and plotting it on to the chart So you're able to see it and you're able what that allows you to do here is to Utilize your dome not only for the current market and for it like a tick or two Or you know some scalping but now you can use it on higher time frames and this is a very distinct advantage Okay, so we can see why why did price stop up here? Okay, well look at them on the offer. There's very high liquidity up here in the market. The buyers were weak Okay, so we're gonna we'll look at into this little area here but but really the story of what's what's going on here is These guys being very aggressive. Okay, we can see there and we can look at this historically and put it all into context a Lot of people here on the offer at the open right after at 930. They didn't even come up and test it Okay, we dropped down below. We continue to drop drop down into areas of high liquidity here Okay, looks like they're starting to absorb We we pop back up and but they're they're still here on the offer at lower areas with high liquidity on several price levels Okay, and we sell off and We do have an a reversal pattern here This is actually something that we see all the time We cover in the advanced order flow webinars, but this reversal pattern here shoulder head shoulder Okay, and and we break above and we come up and we actually break the swing high here by a little bit Okay, but it's just not sustainable All right, and we've we've sold back off, but we're getting a complete view of the auction and the Microstructure and the volume that traded in that microstructure. So let's take a look here by showing the the candlesticks and just want to Hide everything else here. Okay for the for the moment So we're just looking at a candlestick chart here five-minute candlestick chart okay, so and Why I mean, you know, why did we come up above this area and we sell off? I mean we already I we already answered that one, you know, they were very aggressive on the sell side. Okay on the offer, right? We're gonna see though some exhaustion in the in the On the buy side the the aggressor the market buy orders And then sellers started to come in here. All right, but we'll get into that in just a minute here now why This candlestick chart is very opaque and in lacks a lot of data and information The first reason is because it's aggregated data. Okay within a bar So most of us have been consuming this kind of data for years And continue to consume this kind of data. Why are we looking at a bar? I mean this this bar is it's handy to maybe get a bigger picture view of what's going on But there's so much lacking here in terms of information that we just don't have access to whatsoever Okay, first off, we don't know what happened between these five-minute periods There's all sorts of little microstructures in here. Okay, and We want to understand how price and volume is behaving in that microstructure as well as the bid and the offer and then secondly The volume here like where is it traded in this five-minute period? We want to understand that gives us tremendous insight. Okay, we've been consuming this kind of data here with volume in a sub chart for years problem here is again, it's aggregated within a five-minute period and it's not not giving us any sort of pertinent information on exactly where the volume traded on this candlestick how much and What type okay, and then also within the microstructure and these are all key points here And we're lacking all of it here And we you're just kind of like taking a guess if you're going to short the range at the top here And we really have no clue All right, so let's turn on the volume. Well, I'm sorry. Let's turn on the Best bid and offer. Okay, so there's our microstructure All right, so just with the historical best bid and offer we can see this microstructure And we can gain all sorts of information here. So for example This zoom in here. Okay, this is how this candlestick chart is lying to us Or just it's just not giving us clarity We can see the you know the wick here So, you know by pressure by pressure starting to come in we see a green candle as well So we know some buyers are starting to get interested here but Look at this little structural area down here. Okay in this area here and You can see that we broke above Some of the swings here. Okay, and we broke above a little high right here. Okay now It it it broke it, but it wasn't sustained. Okay responsive sellers came back in sold it right back into the range But look at the microstructure Okay microstructures here, okay in this area here, especially All right, so we broke out of that and we're gonna see here a sweep of the book Basically aggressive buyers come in and lift the offer up out of this area and we are now trading in a new range Okay, we get a retest back to that area here. This is where you can look for an entry Okay, on these on these low volume pullbacks into these areas here after you see a break of the structure and Candlestick chart you do all you can see is wicks on both sides here and then a wick up above here So actually selling pressure here So it's this is not giving us a Much insight whatsoever. Okay, but the understanding the microstructure is giving us insight And and that's the that's that problem with the the candlesticks and the aggregation. So now let's turn on the volume dots Okay, and let's bump it up a little bit in terms of size Okay, and let's zoom in here. Okay, actually kind of surprised to be honest I was anticipating much more aggressive buying here and there's there's not a whole lot I mean, it is there's certainly more. There's no question about that Okay Usually when we break areas like this and it's sustained it's because they're the auction here With the the transactions in that auction are pretty solid You know, there's a lot of buying here. It moves us up out of that range And that's usually the case here here. It's a little different You know, I mean maybe a little bit of a stop hunt a stop run But we do get a nice cluster of volume up at the high here. Okay, that's a distinction Okay, between the rest of this price activity here. Okay, we don't see that before Right. In fact, usually the clusters Of volume in the downtrend They're always taking place at lower lows and you'll see that here. Here it is again. Here it is again Okay, look at the the lower the lower highs This is where it starts to exhaust out in these areas. We see very little volume This is all pertinent information that we just don't get in a bar Okay, anyway, we see a distinction here and Here's our pullback into these areas here. Okay, this is nice little cluster of volume here And then this is this is where we broke out from this is exactly where we come back and test Okay, it comes back to test these buyers and Well, we find that there's some selling in these little areas here actually it's it's kind of a it was kind of a toss up here could have could have could have gone both ways but What we want to understand though is you know, did it accept, you know below Where it broke from here and it didn't okay, so it's still holding the structure All right, and then we see another break of this structure here and we see buyers starting to step in again Okay, look at the significant volume up here. Okay, this is where we see the order for a really change over Okay, I thought we'd see it here It's a little different on this on this variation of it. Look at the volume here looks pretty good though There's quite a bit Right, it would have been nicer to see it come up and test the high here and break it And then maybe come back down and retest But here's it here again is our our pull back to where we broke from out of this structure All right now we can just take the candlesticks off now. They're just getting in the way And so here we broke we broke above the range came back Okay, we see some sellers still but at this point There's just a lot of buying pressure and buyers step in again and we're off to new highs. Okay All right now we've just looked at only two elements here in book map Okay, the historical best bid and offer and the volume that's trading on that historical best bid and offer Okay, now for example, let me zoom into this area here in this cluster And I want to show you what this looks like those two elements. It's very simple This is about as simple as the market can get Okay, historical best bid and offer best offers the red line best bid is the green line Okay, now these dots here are the transactions that took place. These are market buys these green dots Okay, this is the aggressor Classification of volume because they paid up for it. They cross the spread They hit the market buy and they took liquidity. They didn't provide liquidity. They took it off of the best offer And a green dot is presented Okay, red is the is a is a market sell Okay, now we can get all of this information here hovering over this with a the tool tip It's also in the lower left hand corner down here So you don't need to have the tool tip on if you don't want and you can see you get the date the time Let me just use it as well So you can see that in the lower left hand corner as well the date the time What was on the ask here at this price level in the volume? So we know this is a one lot Okay, this is a one lot as well All right, this little dot over here. This is 20. Okay, so the size of the dot matters It's showing us how much how much in reference to the other dots Okay, and let's zoom into this little area here because I want to show you this as we zoom in Note really what's occurring here? This is this is where really what happened now There's a little bit of latency here in the market the quotes data did not keep up with the trade data Okay, it's a little bit of latency, but we're at the microsecond level down here Right, and we're understanding here at this microsecond level and these are millions of seconds Exactly what occurred here? Okay, look at a little tranche of three three three and then and then two okay, and we know exactly what occurred here each little market Event is recorded And then plotted onto the chart Okay, now we don't trade at these levels right? but if you're You know trading algorithmically Then this is going to be really helpful as well because you will want to understand how your algo is performing in this environment And it's an excellent debriefing tool here however And that's for a lot of the quants as well, but it's it's not just for the quants note How is a zoom back out? Okay, we've Just visually or graphically Aggregated all that data into one big dot. Okay, and we know it's for a volume of 20 as we hovered over this and and we saw it okay All right, so the That's that's what we're recording here. Okay down to the the detail And now as they continue to zoom out though, we'll continue to compress that time Timeline down here and we're going to show Kind of a visual aggregation of what occurred and at some points you'll see that there's these little pie displays of the volume And that pie display Okay, what it what is really showing you here is that? There were there's so many transactions that took place That we can't you know we have to show it with a a pie display to give you the Delta or understanding of the buy versus sell Volume okay, so this was for 45 the aggressor here this big dot Most of it was selling but there is some vine in here as well Okay, those are two elements in the chart that we're showing Okay, now that third element is the heat map and The heat map as like I noted earlier is what that's showing you is the The liquidity historical view Okay, so let's go through the current market and then I'll show you the historical view. Okay, so most of us Are familiar with a dome? and Showing the depth of market. So if I zoom in here in book map This is the depth of market in the dome here Okay, here's our price ladder and this is cob column current order book This is the liquidity in the market. This is your dome And you can see the amount of contracts lined up at these specific price levels on the offer and then on the bid Here's the current market right here as well Hey, this is the best bid and offer right now and then these numbers are the it's the last traded volume Okay So this is the current market and the dome is great for the current market Okay, we can see where they're lining up to trade And and this is an excellent Excellent tool the problem with the dome though is when these numbers change and you can see that they're changing all the time Hey, you're gonna have to memorize what what occurred at some of those areas Hey, you'll Once that the data is refreshed and changes We don't have a record of what what happened there and that's the problem with the dome here So it's very tedious to memorize all of these areas and there's a lot of questions to ask. How are they behaving in here? How are they? What about areas around it above it or below it? How are they behaving? And we can start to identify specific players And we can also identify algo behavior all sorts of things that you're just you're never gonna see here in the dome and But we do that in the heat map Okay, bye I think it just you know, they changed this in the new version All right, there we go. I think that's it. Okay We we so let's take a look here This is the current market best bid and offer and then you can see this colored heat map Okay, so When it's a this is the colored heat map up here as well dark gray is low liquidity Blue is more White is a little bit more yellow more yet, and then orange is the highest area of liquidity in this colored heat map Okay, so we can see that up here at 6680. There's high liquidity okay, and know to how the the heat map changes here to reflect the changes in the liquidity at these levels, okay? so You'll see the numbers change and the heat map will change now This is the current market and you see that the the heat maps always changing Okay, where this really gets insightful is that all of this data is recorded then plotted on to the chart So this area right here at 60 6680 we can see them coming into the market Adding liquidity and then pulling and then adding back in Okay, so we know that these guys here and then and then price comes up and Just just now and traded up through this area and they pulled liquidity They didn't want to be sellers here. They wanted to be sellers at higher areas. We can see them pulling and adding higher Okay, that's the kind of behavior in this auction right now on the offer So do they really want to sell at these areas the answer is no they don't they want to sell up at higher areas Look at the buyers being aggressive here underneath. Okay, they want to buy up at higher areas Okay, we can even start to identify individual players. Look how at this area here. This this isn't a Looks like an algo that It has its distance away from the market, but then it pulls and adds a couple takes higher pulls adds higher pulls adds higher Etc. Okay. Now, why do I think that this is high probability? It's the same player because as soon as he pulls he's adding it higher All right. Okay Well, anyway, that's the heat map and now that's just kind of current and recent historical View let's zoom out here and look out. We can get a much bigger picture view Okay, that was in this little area right here or was that and I think just current market here, right? That in look at all myopic of view that really is okay, and it's giving us insight Okay, we know that that you know They're pulling and adding higher and the guys on the bid are getting aggressive and adding higher too Okay, so they want to be buyers up at higher levels Okay, so we've come back up and test this swing here. Okay, and we still can look here Where are the majority of the players and they're up here in these areas here? They're starting to layer in up here All right, so now we can Have that smaller view and understand, you know some of these moves, but we can also understand bigger picture moves Okay, like I was mentioning earlier. This is what's going on here. There's a lot of sellers up here It wouldn't even come up and test them. Okay, a lot of sellers here and also up here And and the trend was down Right, so we can start to understand these areas On a much higher time frame and and utilize that dome on that much higher time frame Anyway, that's book map Went over some very basic stuff in the order flow. Usually we go through a little bit more but Anyway You can always ask questions guys. I'm happy to go through things. I got a jump to the next webinar So if you're in trial or current customer, I'll see you over there. If not, we'll catch up tomorrow. Thanks