 Okay, welcome to the bookmap platform details webinar risk disclaimer trading equities and futures involves substantial risk of loss Is not suitable for all investors past performance is not indicative of future results for more information go to bookmap comm once you are a member in trial you have access to not only book map, but the Other resources that are available. For example, there is the advanced order flow analysis webinar at 11 a.m. Eastern time so in about 27 minutes or so concept behind that is Understand first the platform what book map is what is displaying? and then Ask any questions here because there are a lot of features and functionality and then secondly In the in the next webinar once you are in trial you'll be beyond that and you'll be interested in not those questions You'll be interested in reading the order flow and applying it to your trading. All right, so that's why we're making the distinction Between the two webinars, so let's let's take a look here Go to bookmap comm and Wanted to show you a few things. We're not data providers You will need to have your own data provider. So connectivity you can see the list here of different Brokers as well as the different data feeds that We support okay pricing here's where you can find book map for that trial Okay, there's two versions of book map the book map basic and the advanced You get 14-day trial period for each of them or one or the other and The difference between the two Are the add-ons and the ability to trade from the chart here? All right Now if you're interested in the DX feed, there's a package deal here for basic and advanced as well The difference here Is that with the DX feed is this is for us equities only? Okay, we're not a data provider We've partnered with DX feed just to offer the US equities and that's it. Okay, it's not about The futures it does the DX feed it does not offer the futures Okay, if you want the futures you got to come up here and you got to have one of these data providers that we support William, okay, let's see here. You'd like to know how to read and interpret correctly the red numbers, please Yeah, okay, I'll get into that. I just a minute here and Okay, so book map basic and advanced and then there's packaged here with the DX feed now if you want us equities and you already You just want the basic or advanced here. You don't want the package deal. You can still get DX feed monthly so Book map basic and advanced it is billed quarterly. So note that it's for three months each and The DX feed will be an add-on you will add it on to book map basic or advanced Okay, and I believe it's 59 a month Okay All right You can follow us here on Twitter. I get most up-to-date information here And then you can also subscribe to our YouTube page all sorts of videos and resources here I would recommend if you guys are looking further into book map start with the the we'll start first with the Intro video know what you're looking at and then next start to go through the features and components here okay, the book map 6.0 overview start there and then There are many here as well There are some of the selected webinars if you want to look at some of the advanced webinars You can see that they are here as well as the platform details Okay, and then we have a professional trader a futures trader 71 here And you have some of his webinars if you want to see how he uses book map Okay, these order flow video snippets. These are very short concise and informative They go through what you're looking at in the order flow now These videos are a good resource It is what we cover in detail in the advanced webinar that starts in about 23 minutes or so, okay All right Let's take a look at book map. All right, we're looking at the s&p e-mini and Well, we just keep on seeing the all-stock index is climbing to a new highs all right pretty pretty good stuff and the I'll get into what we're looking at here in the in in the order flow and and look at the basics of Bookmap start at the drill down to the very very basics of What you're looking at here and then we're going to add on layers of Detail all right and and data. Let me get to your questions here William Okay, there's a red number here that you see okay in the current order book And it's displayed as either you just right-click in here and you'll see like It's displayed as bars or bars and numbers. Okay, if it says numbers, it won't be shown here. All right And what this is is this is actually our older iceberg detector indicator. Okay, it's an add-on for the book map advanced Now we kept it just to You know because traders were still accustomed to it so we kept it But we have a new iceberg indicator here Okay, and it's this red and green number that you see on the historical chart. This is much better much more accurate you can see Exactly where these icebergs took place whereas the red numbers here if price comes back down and refreshes that level This red number will disappear. Okay, so on the historical chart though it doesn't okay So you can see it here. Okay this that should answer your question William Yeah, okay, William I'll answer your your question about what book map is representing here as I go through the the demo so This will I'm glad you're in we'll go through The process here and you'll understand exactly what book map is here. Oh We do we do analysis on crude oil Several times It really depends on what's moving what looks good You know the crude oil here. We can we can see that I was looking at it earlier We saw the breakout here. I or these I saw the breakout here at 50 and above so it's off to the upside. Okay Anyway, yeah, we can cover that as well I cover it many times Just whatever traders are mostly looking at is what we want to go over All right So it can apply applies to their trading and most most traders are looking at the stock indexes All right, but we're I'm happy to look at other other markets as well and we do we do all the time. Okay? All right, so Let's go through this process. We're gonna turn on candlesticks and I'm gonna turn off everything else All right, so we're looking at a five-minute candlestick chart here, and let me actually even get rid of Now you want to look at you know, you want to look at the Nasdaq as well. Okay, I think you're in the advanced Order flow analysis too, you know if If so, then I can I can cover we can cover it there, but no not yet. Okay but well, let's we'll just start off here and go through it and Look at the S&P for now. All right, and then maybe If I go through here quickly enough, we can look at briefly at oil and and the NQ. All right Okay, five-minute candlestick chart now Five-minute candlestick chart is only showing you four data points open high low close Okay, and we're making financial decisions based on that. That's not good There is so much more going on here and and we have we have no idea Where traders have committed themselves? We have no idea About the traded volume What type of volume where it took place when it took place how fast it took place all of this information is pertinent to understanding The pressures in the market Okay, we have a volume sub column here. This is what most traders look at All right, or in many derivatives of time price and volume Really That's kind of an issue as well. The problem is the derivative of that is usually lagging you You'll get a calculation and you're way behind the curve before before the moves start to happen That's why we want to look at the order flow and that's why we want to look at book map here Because it solves a lot of these issues of market transparency for example the volume Okay, so let's go over here and we're going to turn on the just a historical best bid and offer and we already have insight All right, I can see a little double double bottom test here. Very curious to see what what occurred here I imagine we're gonna see some some heavier volume here and very light volume on this pullback here and Probably right around in this area. We're gonna see aggressive buy orders sweeping the book higher Okay up into higher areas Okay sweeping of the book is a concept that we also go over in the advanced webinars. All right, so I won't cover it here We're just gonna go through the basics And then you can see we based here for a bit and then broke out again of this little structure Okay, which you can't really see in the in the candlesticks and we continue higher Okay, so let's turn on the volume and see where people are committed All right, beautiful. Let's zoom in. I'm gonna click on the hand tool And then zoom into this area here with my center mouse wheel. Here's what more or less exactly what I was looking for Heavier volume on the way down here. We see nice cluster of market sell Volume here on the retest though look at the some of these areas here very little selling and then they started to hit The bid with aggressive market buys here. So let's zoom into this area. And what do I mean by? Aggressive market buys. Okay here in this area historical best bid and offer. That's all this is okay, and Best bid is the green line best offer is the red line now most of us know that information Okay, now we use the aggressive classification of volume So if you hit the market buy button You're going to get filled on the best offer and you're going to take liquidity from there From the trader that is offering there and a green dot will appear okay, and Aggressive sell would be a market sell and it takes liquidity off of the best bid Okay, you can use the rollover tool here To see exactly what traded okay. It gives me the date the time What was on the offer or ask at this price level in the volume? So this was for a volume of three this one here was volume of one And one Look at the bigger dot here. There's there's both buying and selling in here Okay, and that was for a volume of five hundred and eleven overall Okay, most of this is aggressive buying though. That's what's lifting the offer and that's a great insight here to You know where traders are committing their money in these markets You're not going to see that in the candlestick chart. That's the problem and Let's see here We even get a nice little little pullback here with very little or none of No selling here at all Okay, so now we have an understanding of what occurred down at this little swing Okay, candlestick charts not showing any of that okay, even if you're looking at for example a Footprint chart which shows the the aggressor okay shows the aggressive buying and selling This little microstructure is not going to show it's going to aggregate all of this data together and You won't you won't see it. So this is giving more transparency and clarity Than a footprint chart. Okay, if you want the exact numbers. Well, you can use the rollover tool Okay, and hover over the volume dots You can just look at it visually and understand that Looking at the pie display for example in these in these areas here more buying than selling a little more selling Than buying here and then more buying than selling Okay, if I continue to zoom in note that will break apart all of that trading activity and This is what really occurred here. Okay? And we're down now at Microsecond level so we can see Every single market event. Okay, it's all recorded in bookmap. This is a lot of data Okay, now we don't trade off of millions of seconds. Okay, the hour goes do But we can start to see some of that algorithmic activity here But we zoom out though and note how we're giving you the overall delta of the volume that occurred here Okay, you know that three quarters of this was aggressive buying that is helpful for us Okay, and as we zoom out we get a picture of where the volume traded how much How quickly these moves took place in the microstructure and what type of volume it is aggressive buying or selling that is a lot of insight Okay, so William that should answer your question on the on the volume what the dots are What they represent and how to start to read them Okay, and getting into some of the details about reading them. Well, that's that's more geared for that for the next webinar the Now showing the volume is essential it gives a lot of a lot of insight here and Just by reading this little area here. We can see the bullish activity the Now let's go to the current market. Okay, so in the current market This is the current market window here We have the the dash lines here are the best bid and offer right now in this market Okay, and this number is the last traded volume in this market. Okay, so Usually what we want to understand is not only the volume But we want to understand the the limit order book the COB here. This is your limit order book in book map Okay, this is your dome Here now we I have two of them one is at bars only one is as numbers split out to represent Regular dome We have all sorts of volume columns here. This is a chart range volume column. This is a session range volume column Okay, so we're at the high of the day here for the cash session and Anyway Looking at the volume and it is good looking at the dome gives us insight to where the traders are lined up to deal in the auction Okay, this is the next level of insight We can see here to 1600 contracts over 1600 at 95 Okay, and that's good information. We know that the sellers are up here. Okay, if the market wants to come up in in You know hit the majority of these sellers. They're up here We can also see almost 1400 contracts tick below and then 1100 contracts Okay So it's it's getting kind of thick in this area here now the problem with this dome is you're gonna have to remember level of 95 How long these guys were here with all these contracts? Did they add? Did they pull as price started coming up toward them? Where did they move to? Did they add or pull above or below if it's below it's more aggressive They're they really want to sell they're kind of chasing the market so That's a lot of insight and it's great insight in the current market Problem is here. You're gonna have to remember all of that data Okay, and this is where book map solves that issue because we take this data and we give it a Graphical representation in the heat map. All right, so this will answer your next question William The the heat map here. Okay in the current market window When you see the liquidity change, you're gonna see the heat map change It's gonna represent the high liquidity. Okay, so 1600 contracts is bright white. We can see it right here 13 almost 1400 one tick below is is is bright white, too Now we can you know very easily filter the heat map To give much more insight, but I just want to to bring that up just to show you That all the data is here. All right but then It's really up to you to what setting you want to look at and understand Some of the behavior of the auction Okay, so you'll see the the heat map change when the liquidity changes now when that happens It all of this data here is recorded Okay, and it's projected onto the chart historically. So when you see that liquidity change You'll see a striation in the heat map. So these striations that you see here is the adding and pulling of liquidity Okay, and now what this allows us to do is Look at it the historical limit order book We can see where they're lining up to trade and we can understand their behavior in the limit order book Okay, so we can see that price came up into this area here And they started to add in a little bit actually so they want to sell it looks like now price is coming up again And we'll see if these guys at 94 and 3 quarters want to sell Okay, they're adding in a little bit right now. It's getting a little bit brighter. These guys at 95 are still here Okay, so Now we can start to gauge the auction and the intent of the sellers up here All right, so that's the complete picture very objective complete picture of this market condition current market condition and historical market condition All right, so it looks like there's a lot going on here. It's actually pretty simple stuff and very very objective. It's really This current market condition recorded and then just projected here historically so you get the entire view Okay, and that is a lot more transparency than these candlesticks Okay, so even it even the looking at the I don't know if you're reading market profile or if you're reading You know volume profile or looking at You know specific indicators You know like like I mentioned before I mean this is giving you really You know a complete picture of the market. It's it's not a derivative And that's something that it's just factual data. This is what occurred. This is their intent And we can start to read it in the auction Okay Okay So Putting all those pieces together. Well, you know, let's let's let's take a look here You know, we're looking for is a you know buying pressure looks pretty good here. I like that. There's volume trading up here I think we're gonna test 95 Okay, because we see buyers are still engaged here. They're selling too. No question but You know, we see a little bit of buying pressure here look over in this area here We see more buying pressure as well. Look at these areas down here The sellers kind of drying up a bit, right? We see a little more buying here and we can see them lift the offer in this area. It looks good for continuation to the upside Okay, that's just by reading the volume. Okay Now let's put that together with the heat map And start to gauge their intent and we've already done that we can see that actually now They're getting really interested here at this 94 and three quarters 1600 contracts it was 1400 before I Can see that change here Okay, right here in the striation. Here's four or a third 13 to 1400 and then it jumps up into 1663 All right, so now we're starting to gauge their intent here and it looks like they want to they want to sell Okay, so these buyers we might start to see them dry up a little bit now So it's adding a little more complexity to that that picture I was Starting to outline for testing 95. Okay, it's a little more Less less sure I would say we can still test it but all I'm starting to analyze Is their intent to trade here and I know that they want to trade Okay, so if the buyers want to take them on they need to trade through all of these 1600 contracts on the two price levels All right Okay, so that said I got a few more minutes here. Let's take a look at Nasdaq and do the same thing Okay, Nasdaq looks pretty good. Look at the this is a phenomena that we cover in the Advanced webinars and I can show you a video for it as well This is a flip of the book of liquidity. Look how we're channeling in this area here between high areas of liquidity on the bid here And then on the offer up in this area Okay, look how we broke through that area with aggressive buying. Okay, the initiated buyers came in here and pulled price up out of the range and Then they flipped their liquidity from the offer to the bid and we are now in a new range Okay, this is something we see frequently and I don't want to overwhelm you guys because we're just going through the basics here But you asked for the analysis on the NQ. That's what I'm seeing so far Okay And that's that's a bigger bigger picture overview. There's a little bit of selling right here But buying up here. So I think we kind of go sideways for a little bit here Anyway, oil. Let's take a jump over and take a look at oil. Oil's been bullish Let's see here. Yeah, I think we may see if we get Yeah, I like this cluster of volume down here, but I see also up here a nice cluster. We've come back up and tested Okay. Yeah, I think we're probably gonna come up and test 50 50 50 again Okay, just based on you know, simple stuff that I'm looking at very very quickly here All right Still bullish still holding structure here comes sellers Okay, but if the seller this if the sellers take control here Well, what they've got to do is they got to get down below this area And we got to see more aggressive selling here Okay, and why do I say that right because look at the move to the upside more aggressive buying More aggressive buying it leads to that breakout to the upside more best aggressive buying here Actually here We see a little bit of a retreat on that But then they they break above and more best aggressive buying and we see a nice pop to the 50 50 half figure up here Okay It might be seen an order flow switch here starting to see some more sellers starting to jump in here And and the sellers well, what about on the bid and the offer? Where are they lined up not getting too much insight here? There we go there we go just need to change that quickly and Okay buyers are pretty aggressive here And they're also down here at 50 30 Okay, all sorts of stuff to look at and go over You know, I'm I would kind of anticipate it a Move back up here into this area, and then we'll see if those aggressive buyers come back in and yet again but this would be the retest area right here probably around I Know 50 39 something like that. Let's see if we get that retest and And then we might get one more push to just grab liquidity down below here around Maybe 53 30 or 50 30. I'm sorry Maybe even a bit lower because this is where we really broke from down here at 25. Hey, I can see the volume here But I don't see them lining up in the limit order book yet Okay, anyway, just some basic stuff for a few different markets and Let's call it a day and jump over to the next one. Okay. All right guys. Yeah, thanks for coming. We'll see you tomorrow You