 Okay, so welcome to the Bookmap Platform Details webinar. This is Bruce from Bookmap and the risk disclaimer here, trading equities and futures involves substantial risk of loss is not suitable for all investors past performance is not indicative of future results. More information go to bookmap.com. You can do a trial, become a member and you have access to a lot of the free resources. I was mentioning the live webinar, that is one of them, as well as the educational course and package, okay? So you'll get the software as well as some education to understand how to use the tool. Any questions, reach us at support at bookmap.com. Here is bookmap.com and let's click on explore. There's some intro videos right here. They're just, they're very short but gives you a good overview of what bookmap's about. Let's go down to connectivity. You will need a data feed or data provider that we support for bookmap. Bookmap is not a data provider. They were just a software platform. So these are the ways of connecting here. A little bit further down is the pricing and this is where you can sign up for the free trial. There's two versions of bookmap, the bookmap basic and the bookmap advanced. 49 per month, 99 per month and both are available for that 14 day trial period. If you're gonna do the trial, I would recommend going with the advanced and then you get, the difference here is then you get the ability to trade from the chart as well as all of these add-on configurations here. Okay, these are indicators that are specific to order flow and bookmap, okay? Our proprietary indicators. And then if you wanna go back to the basic after the trial, you can do that, okay? So at least you'll experience the advanced, which is nice. Okay, now the other two here, they're basic and advanced as well. They're just with a DX feed. The DX feed is for US equities only, okay? So it is not for futures data. It is a special that we have right now with DX feed and dev experts. It connects to NASDAQ total view and NASDAQ last sale. So it's an excellent feed. Ask me some questions about it. I'll show you some equities if you like and it has complete depth of market. It's really nice. So anyway, you get a 14 day trial period with those as well. All right, so you can also follow us here on Twitter and get up to date information. And then you can also subscribe to our YouTube page here. I would recommend if you're new here to go through the features and components first. So just get an understanding of what some of the features are in bookmap and watch maybe just a few of these order flow video snippets. Get an understanding of what bookmap is displaying and then how to start using it, okay? And then there's some selected webinars that we have here. All right, and then Futures Trader 71 is a professional trader. He's excellent and you might wanna check out how he uses bookmap, okay? All right, well let's jump in and let's take a look at NASDAQ today. Saw something very interesting here in the NASDAQ. So there we go. Pretty nefarious stuff here going on, all right? But I'll go over that in just a minute. What I'm gonna do is we do this every day but it's for those that are new and those that need to understand what bookmap is showing you here because it looks like there's a lot of data here but we're gonna go through it very objectively and piece by piece here so that it will probably answer a lot of your questions, what you're looking at. Okay, here's a five minute candlestick chart, all right? And this is the NQ and five minute candlestick chart you can see here. We have some wicks, bodies, it's open, high, low, close of a period of that five minute period and that's it. So there's only four data points that you're getting here and we're making financial decisions based on very, very limited data, okay? And that's not good. So we can look at a lot more very insightful data that will give us understanding anticipated moves because and we do that every day in the advanced webinars. So let's start to turn on some of the layers of information here and you'll see how this candlestick here, the problem that is displaying for us here is the lack of information, the lack of insight, all right? And let's first turn on the best bid and offer, okay? And this is already better because you can see the candlesticks here but you can see what actually took place within that candlestick, not just open, high, low, close, okay? Note little areas here and little areas up here, note the double top, for example, the retest of it again here and then the move down, okay? All of that is lost in the candle, we just see it here in a wick and that's it. So all of this microstructural information and it is very telling this information and you don't get any insight to it and that's really a problem here with the candlestick chart. So let's turn on the volume because there is no volume here in this candlestick chart and the issue or lack of understanding of where the traders are committing their money. So we don't know where the volume traded on that candle, how much and what type. So let's start to turn some of these volume dots on and now we're getting the insight, okay? So a green dot like here, for example, is aggressive market buy order, red dot is an aggressive market sell and I'll zoom into an area here and show you exactly what we're looking at here. Okay, let's just zoom into this area here. Okay, all right, so here you can see the green dots, this is an aggressive market buy, they cross the spread, it's aggressive because they hit the market buy, paid up the spread and took liquidity from the best offer, that's how it works. And the red dot is an aggressive market sell order and they cross the spread and took liquidity off of the best bid. Okay, so we can really zoom in to these areas as well and look at just a tremendous amount of detail within the book map here. So let's just zoom into this little area and let's watch it as note how the, that red dot is broken up into five distinct events here, okay? So we can see that in the way that these are spaced out like this, we're pretty sure that this is gonna be algorithmic activity here, all right? So now you're starting to understand just by the way this data is displayed and the way it comes into the book and the way it's recorded here historically, you get insight to what kind of player this is. And it's for eight contracts as I can see over here in my volume, my volume column, okay? So note how when I zoom back out, it's consolidated just graphically into a larger dot here, okay? Now it's off of the historical best bid here due to a VWAP, all right? That's all that's going on there. So anyway, as I continue to zoom out, note this little area down here, so aggressive selling, all this selling right here, but if I continue to zoom out, I'm gonna consolidate this data into a larger dot and note that there's some buying in there now too, okay? So just as we compress the timeline down, there's so many trades that took place that will give you the overall delta of the trading activity there by the aggressor with the pie display. And so that's all it's really showing you, okay? So you get that overview, but you can also zoom in and look at exactly what happened here as I did earlier. And you can, in fact, we can just continue to zoom in here and note exactly what took place here. Okay, look at that algorithmic activity. And we're down at millisecond level here, so this is, we're basically looking at millions of seconds and this is very clearly algorithmic activity. Now there's a little bit of latency here at some of these levels, as you can see, it's impossible for it to trade up here like this. It's just that, or down here like this, it's just the latency is not the trade data, the latency is with the best bid and offer quote data, okay? So anyway, now as we zoom back out, we can see we get the overall of what really occurred as well. All right, so now this five minute candlestick chart here, this little area right here, for example, we can see exactly where the trades took place, okay? We can see the move up here with aggressive bind and we see the move down and this is a flip in the order flow right here, all right? Because look how we see the aggressor here taking price up and look how we see them then taking price down and where's the bind? You see some over here, but look at the selling in this area here and we continue to the downside. All right, anyway, that is the volume and that's how Bookmap solves that issue of understanding where the volume took place. Now, that's kind of like a footprint chart. However, the difference here is the footprint chart will not show you this microstructural area here, okay? You're just gonna, you're gonna lose that data because it will aggregate. It'll just continue to aggregate on a level, you know, one price level or another price level and that's it. So you don't understand and we can see the flip, this flip right here in the order flow, the retest right here and then basically this is gonna be trapped volume up in this area here as we continue lower. All right, so let me get to a few questions here. I see Nadim, your question. So the COB and the CBP, okay? Well, we'll get right into the COB as I go through the presentation here. All right, now, and then I'll get to the volume columns as well, all right? So the COB column right here, this is the current order book, all right? Now, since we have the volume here, that's good. There's another piece to trading that we don't see here and that is the intent to trade. Okay, most of us are familiar with the dome, the depth of market and this is the dome in book map, the COB column here, all right? So this is your level two data. Here's your level one, your inside market, okay? Best bid and offer, okay? It's reflected in this window as well with the dash green and red line and then the last traded volume is this number here, okay? And then here's our depth. We have 10 deep on the NASDAQ and then on the offer and 10 on the bid, okay? So these are traders who are lined up here at these specific price levels providing liquidity, right? So we're starting to read now the intent of these traders in the auction, all right? Now, the problem here and that's good. It's insightful to understand the current state of the market, however, it's really difficult to start to read this and then put it all together within the chart, okay? And then book map solves that issue, okay? And the way we solve it is we give it a graphical representation in the heat map, okay? So, and let me adjust it here a little bit so we have something to look at, okay? So for example, right here at 57.99, look at the contracts there, 75, okay? It is the brightest area in the book right here in this window and it is the largest number in the current order book column, okay? So areas that have very high liquidity are painted brighter in the heat map, okay? Note how there's some liquidity starting to pop into the book here on the offer and it's kind of a darker shade of gray up here. Well, that's because it's not as much liquidity. In fact, we can look right at the numbers here. We see there's 43, okay? Big move to the downside, it's really wippy out there. But anyway, that's what the COB column is showing you and where what book map is doing is it's just giving a graphical representation with the heat map of that data, all right? In this window here, this is the current window, current market window. Now, where it gets interesting is we take this data and we project it on the chart historically, okay? So now we can see that these guys up here, for example, very high liquidity and it stayed in the book for a little bit and then it pulled and that's what has been recorded here, okay? So now you're able to understand that there were sellers up here and now they're gone, right? Or we can start to gauge the intent of some of these traders. Did these guys really want to trade? And I would say absolutely not because it looks like they're skewing the book with high liquidity here and price is moving to the downside, okay? They do it again here as well and we can see the layers of information here. This is spoofing type of activity in a sense, okay? Trying to maybe get it down into some of this very, very high liquidity we see down here that is on the bid, okay? Now note that they're pulling that liquidity too, okay? Now they're coming back in. So in the dome, that is very difficult to read, okay? Because yeah, you will have to note a specific price level, how much liquidity was there? What about the areas around it? And were they adding above or were they adding below? Adding above is showing kind of bullish activity. Adding below is rather bearish, you know? So now we have all that data and we can look directly at it and we have the recording, okay? So here it is. Here's the bigger picture in that liquidity. All right, now this is pretty bright. So let's bring this down a bit, okay? All right, so let's see, other questions. Okay, the CVP column, okay? Let's zoom in a little bit. I wanna, I'll show you this. I wanna format this one too. I wanna see bars only. There we go. The CVP column, this is a volume profile, okay? And SVP is a volume profile as well. Now, the SVP stands for Session Range Volume Profile and Chart Range Volume Profile is CVP. So when I opened up Bookmap, I started collecting data and that is going to be the initial point to start building out the SVP, the Session Range Volume Profile. The Chart Range Volume Profile is only showing you the volume within this viewable chart range, okay? So if I zoom in, note how it's reflected here now in the column, okay? So you can study specific areas and for example, let's look at just this data here, okay? And you can see some of the profiles and maybe start to anticipate maybe a move like right now up to the VWAP right here, okay? And we have also 5800, the figure, okay? So all sorts of different ways of utilizing this data. All right, all right. So let's see here. There was something I wanted to show you. Some really, I mean, this is some pretty fascinating stuff today to be honest. And to me, this looks quite nefarious as well. I would like to know what the NFA and CFTC is doing regarding some of this activity here. So let me turn off the candlestick and let's just look at Bookmap now. Let me know if you have any questions and we can go through this, but I want to leave you guys here with, we've got about eight minutes or so, but I wanna go over this activity here because look at the high liquidity here, okay? Back at 5800, this is a key level here. Obviously the whole number is important. And we see that there's high liquidity here, okay? And the buyers took them on, okay? They traded right through that area. You can see the aggressive buying that just they swept the book, okay? Sweeping of the book is, this is a great example of it, okay? And you can just see here, we have that latency again, but they just bought everything, okay? They bought this level, they bought the next level and the next level up, okay? They just continued to take every single level, the liquidity there, okay? There's 308 contracts here, well, 308 just traded, okay? And then we continue to trade up here. Now this is, we have that latency, right? But we can see 45 traded here, okay? There were 39 and in the end it turned out to be 45 that traded, all right? There's probably an iceberg as well in there, let's see. Yeah, we have our iceberg detector. And 67 here, well, 63 traded and maybe four of them were polled or something, I'm not really sure. 52 traded here and 20 traded up here, okay? They just swept it, they just took all of that liquidity and continued to move price upwards, okay? That is a sweep of the book, okay? Now, in the advanced class what we go through is things like this. And in fact, I'll give you a link to the advanced so you guys can get a sneak peek for Friday, usually do that on Friday. And we're just gonna go through a lot more advanced features here. But this will be one of them and I'm gonna cover it again in the advanced class, okay? Because this is pretty good price action to take a look at. Sweep the book up, okay? Up into high liquidity here, right? And you can see we see a flip of the book here too. They were on the offer, now they flip to the bid, okay? And look at that high liquidity, okay? You would anticipate, okay? This is something that we go through in this one of our setups that we outlined in the educational course to we're at a new trading level and they're supporting it. They wanna be buyers yet again down here at 5,800, okay? You would anticipate price to bounce back up and test into some of these higher areas up here. And that's what happened, okay? We come back down here and then look at this, okay? We see them trade through the 5,800 level and then they flip to the other side here, okay? Now, this is where I really wonder about that rule 575 and talk about disruptive practices that they're prohibited, this kind of activity, to flip aggressively like this onto the offer, drive price through this area and run the stops, okay? And then run it right back up again, okay? And another type of, look at the layering of high liquidity in here, spoofing type of activity at 5801 to 02 and then we see the price move and continue to the upside here, okay? All right, so, and we just saw something as well. Well, we saw the breakdown. Where was it? Was it right in here that we were looking at or was it down here? No, I can't recall. Anyway, yeah, lots of good stuff going on here in these charts. This is another setup that we look for, this initiated buying just like this, okay? And then for them to support on a pullback, okay? And so far so good, all right? Okay, let's see, those numbers showing iceberg orders, yes. This is the like these 163 and 196 down here. Basically what it's showing you, Nadim is the, it's liquidity that traded that was not in the limit order book. So it sounds like it's impossible that that's an impossible task or state of affairs. You can't trade something that doesn't exist. Well, you can hide your liquidity with a hidden order, okay? So if the aggressor, if they hit the bid or lift the offer with a market buyer cell, they'll hit into hidden liquidity there and that's what's going on, okay? And that's, larger players like to use iceberg orders because they don't want you to see their liquidity. They want to disguise it, all right? So we have that, this is one of the advanced indicators that you can see, okay? From the advanced book map package. Okay, let's see. Okay, how can I attend your second one? Okay, yeah, Nadim, I'll give you guys the link just now. So give me just a minute here, okay? But to get it, you know, really, you know, it's part of the trial or for our current customers, okay? We want to go through more advanced features and we won't cover the basics. So the customer's already been through that and they want more insight in the live market, how to use book map and what book map is showing, okay? Let's see, yeah. Should I expect market to move down since most of the liquidity is lower? Yeah, I mean, this liquidity acts as, longer term liquidity acts as a target, okay? There's this distinction between the two at shorter term, high liquidity and longer term liquidity, okay? It's very high as well as the market knows it can trade down here. So it gets kind of, it's attracted to these areas but as we can see back in some of these other areas, okay? Where all of a sudden, high liquidity jumps in at some of these specific points and it repels price, okay? Because it's a skew in the auction, all right? You think of it very much like an auction and you can understand what I'm talking about. So if all of a sudden, someone jumps into an auction, like a busload of buyers comes into the auction, okay? That's what this looks like. They just, they pop into the room here and all of a sudden, and they wanna buy, they're aggressive, they're close to price here, okay? Price is valued higher and that's what's going on. And then they pull though, then that busload is gone, right? And price is able to test lower now, okay? All right, well, there's all sorts of things going on, Nadim, we'll cover it maybe in the advanced but we look for maybe the order flow to change over as well. We look for distribution and a distribution kind of pattern here and looking for the order flow to flip and then maybe start to anticipate some of these areas to get tested, okay? Now it looks like it right in here that we see kind of it flipping yet again here but then the buyers step right back in. I mean, it's really jumpy today. It's all over the place and it's just really banging around this 5800 level, all right? Okay, well, let's stop the webinar here. I'll give you the link for the advanced, hold on just a minute, okay? Now this is only for today. There will be a new webinar series next week, okay? There you go. So click on that link and then register and I'll see you right over there, okay? All right guys, thanks.