 Welcome to the Bookmap Platform Details Webinar. This is Bruce at Bookmap Risk Disclaimer, Trading Futures, Equities and Digital Currencies Involves Substantial Risk of Loss and is not suitable for all investors. Pass performance is not necessarily indicative of future results. For more information go to bookmap.com and once you become a client or customer what you get is of course you'll get bookmap and but you get education that comes along with it. Okay you will get access to the educational course where it's a four-part series we go through understanding just basic market mechanics that a lot of us aren't really familiar with understanding book sweeps and really how the market moves on a very binary level and and then we take that as that's in part one of the educational course and then we'll take that into structure and volume and the limit order book and then starting to understand the context of all of that together and it's actually pretty simple stuff but you know some of the education we are accustomed to seeing is about indicators and you know you know some sort of overbought oversold you know type of range or something and it's just it's not the it's very different than that all right this is much more about really understanding the basics of the transactions that's the tape and then understanding the the auction as well okay because it is an auction and bookmap is excellent at displaying that auction and reading that context of the auction so that's the educational course now the advanced order flow webinars support the material in that educational course we do it every day at 11 Eastern so in another 25 minutes and we go through and support that that course content in the live market okay in fact I can give you guys a link to it today so if you want to go and visit and just get a feel for what we do there I'm not going to answer a lot of basic questions you know this is why we make the distinction between the two here this is the platform details webinar for you to ask questions basic questions and also about the platform we'll go into much much more detail about the order flow in context of the market and reading it in bookmap in the advanced order flow webinars okay so let me let me give you that link just a moment okay and you can go and register for it so look in the chat box there in the go-to webinar okay and so let me jump back in into bookmap.com and just go through some basics here for those of you who are new because we have a new beta version that we just released that has access to digital currencies so now you can trade Bitcoin and Ethereum and Lite coin and etc so at the website here you can scroll down there's an intro video here this is a couple minutes long information about bookmap some of the benefits testimonials we also connect to US equities via NASDAQ total view you might want to read about the advantages of the data feed that we have here scroll down a little bit further connectivity okay we are not a data provider we are a software visualization trading platform okay you will need to connect to the live markets via these data providers or brokers okay so you can also see some platforms here as well like Ninja Trader TTX Trader Pro and Interactive Brokers Traders Workstation okay now we connect to these platforms via the API okay but we are a platform just like they are and we actually have our own API as well for writing your own custom indicators and trading strategies automated trading strategies okay so we're a platform just like they are and you'll connect directly to the platform with your data feed okay using Rhythmic, CQG, Gain Capital, IQ Feed, Transact Data, Dev Experts and then GDAX exchange okay we connect to the GDAX for the digital currencies alright here's the pricing tab and more detailed information about this because this is just recently changed there are really only two versions here a bookmap digital and global and you can subscribe to these either monthly or yearly if you go yearly you get the 20% discount so the digital free version here okay it connects to GDAX you only get one symbol okay you can't trade from the chart and but it's real-time and you know you get the basic education that comes along with it and but you have limited support you don't get the advanced education and you don't be you're not able to look at more than one symbol at a time okay but you get a good feel for what bookmap is the digital plus here you can see it's $37 per month and what you get with that is the ability to trade right from the chart using the one-click trading and you get to record and replay the data as well as multiple instruments so you can look at and access up to 20 instruments okay from GDAX you also get the advanced education and you get the support okay full support global global version here is everything with digital plus but it also includes support for futures and US equities now we don't provide the data you will need to provide it but you can connect it okay and it's $49 per month okay also comes with the basic or advanced education right the global plus here is all markets is just like the global over here the addition here is that you get the one-click trading as well as all of these add-on indicators okay so you can these are proprietary indicators we put together that start to identify not only order flow phenomena but specific players like the large lot tracker looking at the larger players maybe skewing the book with their their limit orders or maybe creating a vacuum by pulling those limit orders iceberg tracker you're able to see where larger players are you know they have hidden liquidity using an iceberg order they don't want to show their position in the in the order book right and some imbalance indicators as well as a correlation tracker here all right the you can also see us here with the or follow us here on Twitter at bookmap underscore pro and the there's a message from our CEO here as you can see they'd message just six hours ago okay haven't seen that one and the YouTube page here all sorts of videos here you can watch some of the intro videos here features and components so if you want to overview of 7.0 you can find it right here front and center under features and components and then order flow video snippets these are the concepts that we go through in detail in the advanced order flow webinar okay these are these are specific order flow phenomena that is nicely visualized by bookmap and this is where you're going to get the edge with your trading okay all right that's that let's take a look at bookmap and see what's going on here okay so I'm just kind of debating here what to what to look at we have the ES up here but I don't know if we're gonna get a lot of movement out of it today okay we're at the 2850 area let me hide this column here just a minute there we go okay okay that looks a little bit better let's go over and then take a look at the NASDAQ I think we're just gonna see a little more movement today probably in the in the NASDAQ okay all right for those of you who are new here what are you looking at okay it looks like it's a kind of foreign maybe extremely foreign chart okay like nothing you've seen before well it's actually really straightforward simple data that is being displayed here there's only three elements in this chart first element is historical best bid and offer okay the second element are the dots that you see here these are transactions okay on that historical best bid and offer okay and and then and then we can also see here the heat map right now the heat map is very simply just a recording of the the the dome the limit-order book okay so that that's it those are only three elements that we see here okay so let me compare it to a candlestick chart and we'll just go through this and take off all of these other levels of of data okay and just look at a simple candlestick chart okay this is and let me get rid of this as well just a moment okay all right five minute candlestick chart all right well you know we're looking at open high low and close of a five minute period okay you can see the bodies the wicks we all know candlesticks and the problem here though with the candlestick chart is there's just so much information it's just not displayed here at best you're just kind of reading the pressure in the candles is a very very challenging thing to do because there's so much opacity here you just don't know where the volume traded how much at what area in the candle and what type you know the aggressor on the buy side or the sell side there's also micro structures that are going to be within this aggregated period that's another problem okay so let's just turn on the micro structures by simply looking at the best bid offer okay so for example we can zoom in here and we can already see you know what what occurred here in this five minute period okay there's actually a few little micro structural areas and a very key element here is the breakdown below this structure okay and so this candle here is not really giving us the insight to that it's going to the bottom of the range and there could be a lot of buying down here and you could just go to the upside and break the highs okay well we just don't know we don't have any clue of what's happening here okay instead you can see very clearly with this micro structure on with a historical best bid and offer what's going on we came up we made a high here but we came right back down into the range okay back up again okay right back down into the range most of the volume is going to be trading in this range here okay you can see one more break up here of this little structure and it's not sustained finally we're breaking down to this area here and you can see there's going to be a lot of volume that trades down here and they're going to hit the hit the bid really hard and we're gonna see red dots pulling the market down we return back to where we broke from but we accept lower okay this is a breakdown right and this is what it what it looks like and this candlestick is not giving us the the clarity that we need here okay so let's turn on the volume and let's take a look okay well you can see big cluster of volume here and here's here's where the the battle was won okay by the the aggressive seller here all right okay so now we can start to understand really what's going on in the order flow here okay very much like a footprint chart we can see the volume where it's trading exactly where and exactly when now a footprint chart though problem with it is it is aggregated data as well okay you're not getting that microstructure and and here in book map you are so you can see the way volume is interacting in the context of structure okay so for example look at these little lows here okay and there's some there's some selling down here there's no doubt about that but what we what happened here was we don't see big cluster of selling okay and it didn't spend much time down here at all okay it came right back up into the range okay and then look at the buyers step in here above this little structural area okay nice cluster of buying here okay we come back down and we test actually so there's a you know there's still some selling in here we come back down and test kind of the center of this area here which is going to be the POC or the point of control of this area okay and in fact I can like I can show you exactly that here okay and I can put this within my chart range okay and we can start to look at the areas that are mostly traded here okay it's probably going to be around the 66 area here obviously the point of control for the chart range here is at 66 and a half but that's because we we broke above when we see significant volume up here so it's probably going to be around this you know you know 66 level or so okay you can get that get a little closer to it here and see I need to get this out of the range as well yeah there it is okay it's 66 all right okay so we broke above that area okay and we see significant volume up here but we come back down and we test deeper into it and it rejects again okay so the and this is where the bowls take control of it right here right now ultimately this this move failed here okay the what happened in this in the structure here was that we see the little moves to the upside here and then and then the bind just kind of dries up okay there's there's really really not much more a bind like like it the way it auctioned here okay we can very clearly see that okay so what happened above see this area right here this is where we broke from and we see the bind pull the market up okay well look where we broke down from okay sellers have control here at this point all right so and we come back and we're gonna get a retest here okay where do we retest right to where those sellers initiated okay and and you can see that there there is some buying up here but there's just not enough okay this is the kind of detail and structure that I'm talking about and we only have two elements here on the bookmap chart and I can't see any of that structure or understanding with this candlestick chart okay so that's the the demo with the candles and what how it lies or it's not giving us the opacity or the transparency that we need and so ultimately we see the the sellers start to take control we see we start to see some nice clusters of volume down here we break the low and then we break it pretty harsh or pretty quickly here okay buyers step right back in but just just not enough at this point okay sellers take it down low again lower again and you can see you know all sorts of things going on here and again like this breakdown here well it wasn't sustained either okay in fact the same patterns that we just went through look what happened here okay buyers step right back in and trade it right back into this range okay right back into where the point of control okay and we're understanding the context of the volume here right we come back and we test here at 62 where we broke from again and we can see that it accepted above this area here so you know it's buyers are starting to step back in here okay nice cluster of selling here but this is where this is where it changes is up here okay we're starting to break above that traded volume and you can just see look at the order flow look at the color and size of the dots and you can just see that there's more green in in this area here all right okay so let me just zoom into this area and show you really what we're displaying because it's very simple data but it gives so much insight here this is it historical best bid and offer okay best bid is the green line best offer is the other red line okay now these transactions here or the dots this is market buy orders okay someone hit the market buy button and they took liquidity off of the best bid I'm sorry the best offer okay now we can use this data tip tool here and hover over these little dots and we can get exactly what occurred here okay however we can continue to zoom in and look how book map is displaying every single transaction in the marketplace we are down at microsecond levels here we can go down to nanosecond levels okay billions of seconds right I'll spare you that that demo but the point here is every single event is recorded and plotted on to the chart okay and then as I zoom out though note how we're handling all of that data and we put it into a bigger dot okay and if I hover over that dot it is giving me the precise data it's giving me the time okay the date the time what was on the ask here okay the amount of liquidity 51 contracts at this price level and then this volume okay 23 okay this is for 23 contracts all right so that's that's what we're looking at here in book map with the two elements of just historical best bid not for and transactions that alone is is is plenty however we want another element here that's very very critical to understand in context to market movement and that is the auction okay now traditionally how we read the auction is through the dome the depth of market okay like for example right now look up here at 85 we see 255 contracts up here okay so quite quite a bit and we're testing right into it right now there we go okay so we can see that it traded into it and you can see that we sold off immediately after that okay very very quickly there this was a key element and that wasn't seen in the chart it was seen in the dome okay you wouldn't have known that by looking just at the chart okay the problem here is now that data is gone okay look the liquidity up here looks normal now okay it's back to 43 contracts all right but you know we want to we want to understand what happened in some of these areas and how they're auctioning where the sellers really interested here or were they you know shying away from the auction and wanted to maybe sell at at higher levels all this kind of information is very difficult to read in a dome because you have to memorize it okay and you can see that these numbers are changing constantly so what we do to alleviate that is we record it in the heat map okay and so these these numeric values here in the dome okay are recorded so in this window here this is your best bid and offer right here and this is your last traded volume and here's your price ladder and this is your dome okay so these high areas of liquidity in the heat map you can see 74 contracts 71 contracts right and it's painted bright or you know yellow you can see the scaling here from from dark gray very little liquidity on up to orange being the highest liquidity okay so we know the auction where they're bidding and offering we can see here's here's our record of what just happened so quickly here right let's zoom into that area because a lot of a lot of traders will tell you well yeah I'd like to know where they are in the bid and the offer but they're they're all they're all fake orders anyway it and you can't just make a distinction between what's going on well we can okay that that's that's not true right here here's your distinction right here at 85 they stayed in the book and they traded okay this is what it looks like this is what absorption looks like high liquidity okay we saw the the contract size up here was 244 and then look at the transactions taking that liquidity right here and look at look what traded here 240 contracts have traded here that's this is fact all right so we know exactly what occurred here and we know that this is not fake liquidity this is real liquidity they stayed in the book and they traded okay this is some of these areas above look how they're starting to behave up here okay I mean there there's 92 contracts here and then it goes into yellow okay it goes into like a 85 or this white area here 80 contracts okay so what they're starting to pull a little bit of liquidity here starting to add a little bit of liquidity up here which is kind of funny from 75 to 80 contracts to 81 anyway making a distinction between that liquidity is going to be helpful for us okay because we can see this is this was totally absorbed okay what about fake liquidity what does that look like right well this is what it looks like here okay here's their high liquidity and as the markets coming up to it this seemed really nice book sweep here up into this area and they're pulling okay they didn't trade up here these 74 contracts that you see here they pulled okay now there's 34 contracts up here okay total volume of 45 traded up at this area okay so we know that they don't really have the intent to trade up here they wanted to trade a little bit higher and a little bit higher yet to me it looks like this player right here pulled his liquidity because at the same moment he added up here so we're starting to identify specific players and their behavior and their intent to trade okay their intent to trade was not at this area here it was up higher right so just understanding the context of the auction and their intent to trade gives us a lot of insight what's going on here with price right so anyway that's an overview of book map if you guys are interested you've got the the link there for the advanced webinar if you want to see what we do in terms of reading the context and starting to understand the or start to anticipate future movement in price by putting objectively reading this context and putting it together then join us in this webinar okay all right