 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 is not suitable for all investors past performance is not necessarily indicative of future results for more information go to bookmap.com and You can try the product. Okay, so there's a free version And there are monthly versions as well. So this is different than our pricing models just some weeks ago Okay, so I have kind of divvied it up and Due to a lot of your feedback to offer something that is a little more flexible Okay, so When you subscribe to bookmap you get access to the educational course. Okay, it's a four-part course That goes through from the very basics of understanding order flow which a lot of a lot of traders don't understand or I've never really gotten into basic market mechanics of why price moves and Understanding that movement and we're going to see it on all sorts of time frames not just on these little micro structural moves and then it moves on up into more advanced concepts through the other the other Parts of the educational course and then you also get access to the advanced order flow webinars They start at 11 Eastern so in about 25 minutes in there every day the Bookmap Advanced order flow webinars they are They support the educational course material. Okay, we just see it in the live market. All right Let's see a Joan. How do you turn off a squawk in bookmap? Not sure what you mean by squawk But happy to cover that for you Okay, maybe you're talking about some of the automated voice Let me know a little more specific and I can help you with that Okay. Yeah, I'll go over that Well, let's go over quickly now. Okay, so you're probably up here Under and go under studies configuration and I don't know exactly where you are But let's let's just go through iceberg detector There's voice enabled here. You probably have that on okay And if you do and it's you know, like if I turn it on now, I'm gonna get an iceberg order or this voice alert Very frequently because it's on size of one right now if I put this on the size of 50 I'll very infrequently. I'll get it large trade alert same thing here if I select it and Yeah, so I'm already getting it here. So just I I just deselect I just deselect it and that should do the trick Okay, hmm, I see what you mean. I continue to get it here So that's a bug. Oh I'm sorry. No, I get it stopped now. So I'm we'll try that. Let me know how it goes. That should do the trick So I guess it loaded a bunch of trades and then just speed them out to me Okay, so Let's let's continue on here Okay So that's the education and let's go through what you get with book map here We'll take a look at the book map website if you scroll down. There's an intro video here information about book map Testimonials there's book map for equities. Okay, so through Nasdaq total view And then scroll down a bit further. This is how you connect book map So book map is a visualization software trading platform. Okay, we are not a data provider You can see that there are some trading platforms here like Ninja trader X TT X trader pro and interactive brokers traders workstation Okay, we are a platform just like they are the only difference is that? We're connecting via the API of these three platforms, so you can connect that way However, we would prefer it it you're just going to get cleaner data if you can connect directly to your data provider like CQG or Rhythmic or gain or IQ feed Transact and then that dev experts is for that US equities Nasdaq. All right There's also a few different brokers up here stage 5 offers. I think just about all of these except for transact Nasdaq and and trade of aid is for CQG Okay, here are the packages that are available so on monthly version or you can get a 20% discount clicking here and you can see the Yearly you'd have to subscribe yearly though. Alright, so there's a digital version and there's a global version Okay, the digital version here is free. Okay, no credit card details. Nothing is required. You can just download book map Now what you get with that is connectivity to G DAX and you only get one instrument at a time So it is limited here, but you do get real-time data to one digital currency like Bitcoin or Ethereum if you want and You get the heat map you get the Visualization of the the volume of the order flow, etc. You get everything You don't get the add-ons though that comes with the global plus you're also a Able to in in simulation. You can use the one-click trading. Okay, but not in the real market displays only one instrument and you only get basic education and You don't get access to that advanced education and You also get very limited support. Okay digital plus version is $37 per month and what this includes is The ability to trade right from the chart here with a you know in a live account you'd have to open an account You also get access to the education And you get full support. All right, and you can also Access up to 20 digital currencies. All right You also get the record and replay which is a really good feature for debriefing near trading or practicing Execution. All right, the global version. All right, it's as you can see $12 more. You also get Well supports over 10 different Trading platforms as these up here. Okay, or you know data providers So it supports futures and it supports us equities. Okay, you will need to provide it But it does support it You also get the education advanced education and full support global plus you get all of that except or including the one-click trading right from the the chart as well as these add-on indicators that we put together That are proprietary especially for order-flow analysis, okay, so You can ask me questions about this. I've got a full version here The like the large lot tracker for example, we're identifying not only large areas of liquidity But specific players that are holding those that large liquidity. Okay, so we're getting very specific here Iceberg tracker we can see iceberg orders. We have an algorithm that Can make the distinction And we're looking for those larger players who don't want to show high liquidity in the book Instead they're going to use a hidden order and that's an iceberg order All right, and we also have in some imbalance indicators and a correlation tracker for multiple markets Okay, also you get that full support and advanced education All right, you can also follow us here on Twitter Okay, all sorts of New and updated information every day. You can also subscribe to our YouTube channel here If you're new then I would Recommend watching some of the intro videos and then some of the features and components videos And then these are the concepts that we go over in the advanced order-flow webinars So these are very concise two three minutes that cover the meat of the concept And then the details are covered in the live markets Okay, if you are new I forgot to cover this To futures you can also get you can click here for a data feed You can get a 14-day trial of a of a data feed so that's if you don't have anything right now and you want to try book map and If you want a complete list of features you can click here All right. Well, let's take a look at book map and what's going on. We'll take a look at the Nasdaq We can see the 930 open right off to to a great start and Been nothing but up since the since the open and looking looking strong here So, what are we looking at here? All right, so for a lot of traders Unaccustomed to book map this looks like very confusing chart Or it can it's actually a really straightforward data here There's only three elements on this chart historical best bid and offer the volume that traded on that historical best bid and offer and the heat map which is the recording of the Evolution historical evolution of the limit order book the dome So we take the data from the dome paint it in the heat map and then we'll record it and plot it onto the chart So you can see what's going on outside of traded volume. So to better demo this Let's put a candlestick chart on here and let's strip off all of the Data here those three elements, okay, and let's close we can see we have an indicator panel down here for the cumulative volume Delta Hold off on that for now, and we're just going to go through this candlestick chart Okay, so this is a five-minute candlestick chart And we all know what this is open high low and close of that five-minute period Okay, and we can start to read the the order flow in here by the strength of the moves and the close of the moves and You know the wicks if there's buying or selling pressure or exhaustion, but really in the end We're kind of guessing we really don't know and that's Just it's so it's opaque. We don't know where the volume traded We don't know why it stopped exactly here because it's in a five-minute period, and that's it And all of the information within this candle is hidden from us. We don't know what's going on there. So That that's a real problem with with bar charts. Okay, any sort of bar chart any sort of aggregated chart Okay, because aggregating the data and and bookmap solves that issue. Okay by Just showing very simply the historical best-bidden offer So now we can start to see everything that happened within that five-minute period okay, and We start to notice Microstructures and those microstructures broken for example down here. So, you know your candlestick pattern You know it you'd probably be buying Well, it depends You know how you trade your candlesticks, but let's just go through this example So here we are looking at the bottom before the the u.s. Open here at 9 30 Okay, and we're looking at microstructures here Okay, the candlestick chart is just aggregated data and and then just plots it onto the chart and You know, you're not seeing all of this though. So for example, let's let's take a quick look Right here. We broke. We you know, we we see a pretty nice sell-off and breakdown and we go sideways here Okay, and Here's the low. Okay, we broke it here. We trade back into the range and we break it again All right, and then look how we we kind of have a little range here and we break that Okay, and I'm gonna take the candlestick chart off Okay, because none of that information is here in that candlestick chart and if if you were Bullish, you know, you could look for entries in all sorts of areas here You could look at some of the microstructures down here And here's another one. Okay, they were all broken and you can see the moves to the upside Okay, so if you were bullish down below this area Then you would look for this structure here To be broken Okay, and then maybe looking to take some profit now This would be very microstructural but looking to take profit back up to the swing here Okay, and and then maybe reloading back on a re retest here as you can see it retested once and twice Okay, and it remained above this area here of this microstructure. That's bullish Okay, and we can see the You know, this is all already giving us kind of a bullish cue and We we continue back on up to where the swing up here. Well, there's a swing here as well We break that and we don't quite break this one though and we get another pullback Where to this little structural area? This is the kind of insight that we're starting to piece together Within book map. Okay, and we go through this in the educational course A bigger picture you can see another little structure here and you can see the the retest here and here Okay, and then finally we do break above here Right here. Okay, and then the bigger break is up within this area here And you can see a little little bit of a pullback as well the buyers step right back in So all of that data is just completely Hiding here within that aggregated five minute period of a candlestick Okay So now The other part here that is hidden and we want to know because this is important Is the volume the order flow? How is it trading? And where are those transactions taking place? So let's turn on the volume dots Okay, and we're going to get a lot of insight here Okay, and this is just the second element first element was the structure with the historical best bid and offer Second element is now the volume and very clearly here We can start to see look at the volume here the bulls taking control up out of this range here The bulls nice cluster of let me get rid of the It's kind of Let's get rid of the candlesticks again here Yeah, so we see look at this cluster of volume here and look at what type of volume it is It's buying. Okay. So it's aggressive buying and what I mean by aggressive is its market orders Someone's hitting the market order. They're lifting the offer. So let's zoom into this area And let me show you exactly what we're displaying. These are those two elements. Okay It's just historical best bid and offer And the volume Okay, best offers red best bid is green This green dot here is a market buy Someone hit the market buy button and they took liquidity off of the best offer. That's how it works Okay, the red button or the red dot here is a a market sell someone hit the market sell button They paid up in this case. You can see the spread Okay, they paid up two ticks To do that And that's why we considered it aggressive and they took liquidity. They didn't provide liquidity. They didn't wait so That's what we're showing and you can see as I zoom out though Well, let me zoom back in because I want to show you We're showing you every single detail here. Now. This is one dot here for one trade So it's for a volume of one and it's a one lot. Okay, but You can see though as I zoom back out Okay, we're going we're going to consolidate that into bigger dot Okay, and uh There you go. So it had to had to actually zoom quite a bit and let's make the dot size a little bit bigger here okay And and so now you can see the What type of volume and who's kind of in control here on the overall? So you'll see some of these pie displays at some of these areas. Okay, like this for example or this This is showing you the overall delta. There's so many transactions that took place here that we need to Show you the the overall and There's more aggressive selling here than buying Okay, so about three quarters of this is selling All right, so that's what we're showing in the in the volume and look at the insight that is giving you Okay, so you can see that the nice little cluster here Uh, and then you can see that they still remain in control here And this is very typical. Look at the little swings to the to the downside Uh, we see um, uh, some selling. Okay, didn't it didn't completely exhaust out But we're uh, we're not seeing much right and it doesn't stay down here long In fact, it's just a quick test And then it rotates back up and trades back into The p-shaped high volume profile in these areas. That's why that volume profile works pretty well And understanding of how these markets trade Okay, anyway, that's just an example of a of a particular trading strategy, but book map shows this Extremely well All right, so that's the second element looking at the volume Now let's add that third element on and that is the heat map Okay, here we go. So, uh, this is uh A complete picture now of what's going on And and why is that well because there's so many times that we've seen here um Good volume patterns. Okay good structural patterns good volume patterns But we don't know who's on the other side of the trade. Okay. Where are they bidding? Where are they offering? Is there a lot of uh, uh bidding pressure or a lot of selling pressure? We want to know that and Why for example, did the market stop in this area and in this area? Well, here's your answer That's because there's high liquidity here. It absorbed the the selling Okay, so the sellers hit this area And these guys this is longer term liquidity. These are most likely larger players staying in the book and They've been waiting for quite a while And they traded Okay, so these larger players are long Okay, that's a lot of insight now. They absorbed on the way down here and you can see it rebounded Okay, or retested where it broke from here. It's very typical and then it came down again here All right, and it was absorbed another time. They probably had more liquidity even lower on this. Let's take a look Yeah, I mean they were down quite a bit but We've got a lot of different things going on at this area of interest. Okay Number one Well, we see the high liquidity number two. Look at the look at the figure here 6900 Okay, larger players usually start placing their liquidity around this area in a zone Okay, so they're willing to absorb a lot of times. You'll see it flush through this area They'll absorb it all And if if they're bullish, um, and then uh, and then we'll see the uh, uh, you know the reversal start to start to take place in this case it happened immediately Okay, so there's different variations to to this but understanding and reading this information is is critical Okay, so this limit order book is going to really help you All right, so how is this information derived? So let's let's uh, let's take a look here and we'll zoom in All right, so, uh, let me zoom in a little bit more and also vertically here All right, so here is our dolman book map. Okay Uh everything to the right of this vertical white line here is real time Okay, this is the market right now everything to the left here is historical. Okay. It's what happened um, and um Looking at the price ladder here. We can see our best bid and offer here. Okay. It's also here in this window Uh, here's our last traded volume right here Okay, and then uh, we're looking at the depth of market here on the offer and our depth of market on the bid Okay, 109 contracts down here at this 65 and three quarters Okay, uh 53 contracts up here. They're pulling now Just this price is coming up, but the insight we're getting from this is uh, is fantastic Okay, now he's jumping back in okay, so you can see when these numbers change Uh in in the current market here the heat map is going to reflect that change Okay, you're going to see, uh Get brighter or darker or change color Based on what's in that limit order book Okay, so it's a graphical representation of these numeric values when they change the heat map changes The difference here is we take that data and we project it onto the chart historically Okay, so this area here, uh, we we're starting to gain a lot of in uh understanding of what's going on here Okay, this guy here started to pull a lot of that liquidity or these players here I should say as price is coming up. They they don't want to necessarily be sellers here Okay, some did okay, but a lot didn't Okay, if if they really wanted to uh to sell up here, they'd stay in the book All right, so we're getting all sorts of insight and understanding now We have the volume. We know who's in control. We can see the buyers continue to lift the offer here But where are they lifting it into? Okay, and how are they behaving on the other side of the trade? Okay, we can answer those questions emphatically All right, so uh these sellers here, they're pulling they're probably pulling And adding higher because look at the same time that uh, this is pulled You can see that high liquidity is starting to to add higher here Okay So um, uh, if if they're gonna pull here and buyers are in control Well, there's a some a number of scenarios that can play out But if the um if the buyers want to reach that high liquidity, this is where they're gonna have to go 73 Okay, we come one take away from it here, uh and uh Kind of exhaust out a little bit here. Oh, no, I'm sorry. We did test into it. Let's uh, let's take a look Yeah, so we tested right into it here. Okay, and what what traded here, okay That 73 nothing not not one not one transaction Okay, so it exhausted out on the buy side Okay, and um, uh, we rotate lower and then the sellers start to come in here Okay, and they start to uh to to hit the bid. Okay, we see a little cluster of selling here It's it's not a lot, but um, uh, we don't see much down here. Okay, so buyers are going to start to read that and they're going to jump in Uh, and uh, now we're starting to read the auction together with the order flow Um, we're getting a complete picture of what's going on here Okay, and you can start to understand the behavior intent of these traders. So for example Uh, uh the intent of these traders here. We we uh, acknowledge that uh, uh, they're not interested Okay, so this is like fake liquidity Okay, what about some of these other areas like down here? Okay, or uh, let's uh, let's take a look at our our swing Okay, that that that big swing down here at uh, nine 915 Okay Okay, this is what absorption looks like Okay, and this is the distinction. This is how you're able to use your limit order book Uh, not only for the current market and getting gain insight, but for much higher time frames We are determining here, uh, clearly That this is not fake liquidity. You'll hear a lot of traders talk about. Oh, you know, I don't really look at the The orders. It's all fake. They they pull and add and play all sorts of games. Well, they don't I mean, okay, they do They do but not all the time Okay, and why is that because they're waiting in line to trade here Okay, that's the only way they're going to get filled if they want to get filled here Uh at this price level they need to stay in the book. Uh, and they did Okay, we know that we've made the distinction here. This is fact. Okay, so we determined it is real liquidity Okay, and we're determining this some of these areas up here. This is fake liquidity Okay, this is going to be really helpful Okay to understand the current condition and that historical condition. What if what if we come back and retest some of these areas? Okay Anyway, uh, that's what we're looking at in book map. Uh, if you guys are, uh, all set up for the, uh, Advanced order flow webinars, uh, then, uh, we'll uh, we'll see you there. Uh, if, um, uh, if you're not, uh, then, um, Come tomorrow to this webinar and I'll I'll pass out the link To you so you can get a feel for what we do in the advanced order flow webinars. Okay All right guys. Yeah, thanks for coming and we'll catch up tomorrow