 Okay, so welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures Involved substantial risk of loss is not suitable for all investors past performance is not indicative of future results For those of you who are new here, and I see some new faces in the room. So first off welcome and This this platform details webinar is for you to ask questions We're gonna I'm also going to demo what book map is showing you and how to digest the The information here and then we'll get into some of the order flow But there we have two separate webinars. Okay, we have one webinar This one here at 1030 and then at 11 a.m. Eastern time We have the other webinar which is for current customers or or those in trial and That is for them to they're beyond the platform details. They're they don't want to Be bogged down with that. They want to get right into the order flow and looking for how book map is displaying advantages in the chart and Being able to anticipate price movements by understanding the order flow in book map Okay, so you get a 14-day free trial with book map if you go to book map calm And then you have access to those advanced webinars and other resources like our educational course Etc. Okay, so let me show you where you can find book map on the website here. It is well, let's go to the top here and At book map calm, let's click on explore and The intro videos are here just to understand what you're looking at in book map in general Just to get to familiar with with book map and then we just scroll through here looking at the different advantages of book map Our partners. We have book map for us equities. I can show you that as well And the advantages of this really nice data feed that that we're offering with Nasdaq total view and Actually, we're not providing the data someone else's but it's a partnership that we have here Connectivity we are not a data provider. So you will need to be using one of these data providers or reach out to some of the brokers in here as well and they'll be able to You know hook you up with with book map. All right Or the the data for book map. Okay book map is just a trading platform. All right, so Pricing page and the and the trial here. Okay, so there's one version of book map. It's book map basic It's 49 per month. It's billed quarterly. You get the 14-day trial period There's also book map advanced and book map quant Okay for those quants out there who are looking for something special the differences between these three offerings Are the add-on features? All right, so for example, there's one click trading from the book map chart. Okay, and we're going to go over that today some of that one click trading and then There are some proprietary add-on indicators that we have developed and this is with the book map advanced version Okay, it's looking for imbalances in the order flow looking at larger players and how they're positioning and looking at icebergs and Determining some of the positions of larger players using icebergs iceberg orders, okay, and the quants you probably want to connect to your your own data feed et cetera proprietary indicators and API connectivity here. All right, so it's a little more technical but reach out to us here if you are a quant Okay Let's see here more resources. You can follow us here on Twitter. You can also subscribe to our book map YouTube page If you're new here, and you want more information, I would recommend going here And then watching some of the features in components videos And then watch some of these order flow video snippets. They will get you familiar with The phenomena that book map is displaying in the order flow. Okay, and the way that these markets trade And I'll demo that some of that now, but This is what we go through in detail this kind of phenomena that you'll see here In the advanced webinars Okay, so step by step start with the the features in components and then get to some of these order flow video snippets All right. All right, let's take a look at book map. All right. We'll take a look at Nasdaq You can see nice little uptrending at the moment And this is pretty indicative of a an uptrend that we usually see liquidity at higher highs here and More trading at higher highs now for those of you who are new Let's Simplify this we're looking at it's actually very basic information that you're looking at here We're looking at three items One is historical best bid and offer The volume that traded on the historical best bid and offer and that's what these volume dots that you see here Okay, and then the liquidity heat map. Okay The evolution of the of the dome. Okay, the dome the depth of market We've recorded that data and we projected on to the chart All right, so we're that's it. We're only it looks like there's a lot going on here And it might look really foreign and complex. It's really not it's actually a very objective and simple view of the market In fact a candlestick is more complex In concept than what you're seeing here Okay, and that said let's gonna we're gonna turn on the candlesticks. They are available in book map as well We're gonna turn off everything else here. We'll leave volume bars on Turn off historical best bid and offer Indicators and the heat map. Okay, so Here we are in book map looking at just two things now on the chart a five minute candlestick chart And a volume sub chart here that you can see Okay, we're all familiar with the candlestick chart. It's open high low close of a five minute period All right, and we can start to read pressure in the market with the wicks and the bodies and you know The elongated moves here and different candlestick patterns, etc And it can be insightful however, there is a lot of data here that is missing that You would be making erroneous decisions by looking at some of the candlestick charts here Because you just don't know for example where the volume traded Okay, we have the volume sub chart so we can see the spikes in volume, but we don't know where it traded on this candlestick Within this five minute period and we have no idea about microstructures within this five minute period Nor what type of volume and how much? Is as well as where okay, so let's let's turn on the Volume dots or I'm sorry the we're just going to turn on the best bid and offer historical best bid and offer and the reason being is that We're already going to see here microstructures develop within the five minute candlestick periods Okay, we're going to get a lot more insight to what's going on in the just the structural areas Just by looking at historical best bid and offer Okay, so in fact, let's look at the 945 bottom here And then we see the move to the upside. So what it what occurred down here, you know It went down below this range here and let's zoom in we just click on the move tool here And we can zoom in very quickly with the Center mouse wheel, okay, so we can see we actually Start to see some structure here, right? In fact, you could probably say that this is, you know, maybe a kind of complex Head and shoulders down here. Well, you don't see any of that structure within the candlestick Okay, in fact, this is where we were really interested is down here We see the breakdown to a lower low. Okay, but then here we make a higher high Okay, and we make a higher low here as well Okay, so something shifted here, right and we're going to see aggressive volume in this area here Aggressive buying and it's going to take price up to the top of this range And we're going to see more volume trading up in these areas here Okay, this is going to give us that that level of transparency that we're lacking here by looking at the candlestick chart Okay, so this this break of the structure here is key All right, and this is something that we just we just don't see here in this candlestick wick All right, so let's turn on the volume Okay, and whoa, that's a little bit big on the dots. Let's bring down the dot size a bit Okay, that looks a little bit better and okay. Well, so what we're looking at here on the dots the red dot is aggressive market sell orders Okay, a green dot is aggressive market buy order Okay, now you can see that these pie displays here There's so many transactions that took place within a time period a very small time period That we give you the overall shape of the volume here by the size of the dot as well as the the delta To understand that in this area here. There was still more selling than buying just by looking at the pie display okay, and Then look at this area here. We where we see this shift Okay, and we and look at the aggressive buying here. Okay, this looks a little different than over here Okay, so we see a shift in order flow right at this area All right, and this is going to be trapped volume. Okay, they're probably going to be covering up in these areas up here Okay, so Just by looking at the traded volume. We're getting a lot more insight especially in context of a structure Okay, so what this is the transparency that you're you're getting here with book map Okay, now even this kind of detail here Is not available in a footprint chart either okay for those of you looking at your footprint charts And and why is that it's because you're just going to see a bar in your footprint chart And it's going to aggregate this data back and forth within either a time period or a candle or rotation rotation after a certain number of moves or ticks Okay, so that data is going to be it's going to aggregate together and you're going to miss some of these structural details and That's that's the problem with the the footprint chart Okay, and we've overcome that problem here because we can see all the details in fact Let's zoom into this area here Okay, and I'm going to show you that we can look at every single detail here We can continue to zoom in all right, and we continue to see every single trade activity that took place here okay, now we're looking at microsecond levels here, okay, and We can continue to zoom in to nanosecond levels as well. Okay, you can look on the timeline here We're looking at billions of seconds here okay Microsecond level we're looking at millions of seconds Okay, now this is happening so quickly We actually have a little bit of delay and latency between best bid and offer that you see here in the traded volume Okay, so let me find a little bit a little bit clearer example where we don't have that latency So we just get the concept across here All right All right, so if we zoom in here and see all of this detail This is what we've captured right best bid is the green line best offer is the red line Okay, this volume dot this green volume dot here is an aggressive market buy order now We can use this roll hover over data tip tool and we can see that I have the date the time and what What was the liquidity at this price level and the volume? So this was for one contract. Okay, and this is an aggressive market sell someone hit the sell button This is for a volume of two Okay, so mark. This is just how the markets work you know you historical best bid and offer and and someone hits the market buy button and And and traded here Transaction appears Okay, now as they zoom out We have so many transactions that take place that we will Visually just visually aggregate this for you Okay, so you get the overall effect here because we're not trading off a millions of seconds Okay, but we still retain the structure here and that's what's key Okay, and we still give you the overall shape of this volume so you can still understand in fact If we hover over this big dot here, I see we still have the data here of all the numeric values Okay, we have the date the time What was on the ask here and then the volume that traded? Okay All right So that's the traded volume and that's the kind of transparency that you're looking at here Just by looking at the the traded volume in the order flow. Okay. Now. That's important part in the order flow If we zoom out here, this is that area We were just zoomed in here at 945 and we can see that that's where we actually had a nice little turnaround for the day so far and the The traded volume is a big part of of understanding the The what's going on in the market here and in the order flow There is another side to it though. We want to understand where they're bidding and offering. Okay, that has a real effect on price Okay, and Let's zoom into current market. Okay, because this is usually how we consume this data is by looking at the dome okay, the The depth of market. Okay, this is the dome in book map the current order book Column here. Okay, we have other data columns as well but in fact, I'm gonna hide that one We have other data columns as well but This one is the dome. Okay best bid and offer right here. Okay depth on the offer depth on the bid Okay, this is the lit book right now. Okay, and this is reflected here as well in this window Okay, best bid and offer and last traded volume is right here Okay, so here's our price ladder looking at the Nasdaq e-mini and So looking at the Depth of market gives us insight to the auction. Okay, we're looking for areas where there's high liquidity And where traders want to deal? Okay In the limit order book they want to be sellers up at these levels and they're providing liquidity with their limit orders Okay, they want to be buyers down at these levels. Okay on the bid side and This is where they're providing liquidity. This is where they want to deal Okay, and we're gonna see that Shifts in this auction and understanding the auction gives us a lot of insight to a possible price movements Okay, so the problem here though with the dome is that These when these numbers change here that data is lost. Okay. It's not recorded We don't have a historical view of the current order book. Okay, it's just the current book Okay, it's good, but it could be better and this is where book map solves this issue is with the In this window here. Okay with our best bid and offer Okay, just to the right of this white line. We take the these numeric values here And then we paint them in the a heat map. All right, so areas of high liquidity are painted brighter In fact, we should probably adjust this a little bit to to show a little bit more A contrast and activity here just just for the for demo purposes. Okay, right? So we can see high liquidity up here at 86. Okay 79 78 contracts Okay, they're also down here with in the 70s with liquidity down here. Okay, this is the current auction This is what's going on in the auction right now Okay, so where it gets interesting is we take this data In the when you see the heat map change and reflected by the change in liquidity Okay, and then we we take it and then just to the left of this vertical white line We record it and we project it onto the chart Okay, so now we have an understanding of how they're behaving in the auction Okay, so these striations we see here in the In the heat map is the adding and pulling of liquidity. Okay So as price was going away here, they started to add back in on the bid. They wanted to be buyers here Okay, then as price is coming back down toward these guys, they started to pull So did these guys at this price level here at 82 75? Did they have the intent to trade and the answer is no Okay, they pulled so we've made a distinction now between This liquidity and understanding if they really wanted to trade okay, so You know, you always hear about fake liquidity in the limit order book and it's hard to read and understand and it's useless Well, we have use of it now. Okay, we can see it. We can understand the behavior here Okay, and look at look at them pulling here as price is coming up into this 85 level and they pulled okay Now we might see a little bit of bullish behavior here see how they're The the bid is they're bidding at higher levels here Okay, so they're following up price and to see if they Maybe we can come up and test the high liquidity up at 86 here Okay, we need to see though if these guys remain in the book And there there's our answer. They just pulled. Okay, so it looks like it might come down here Into where they're bidding down at these areas at 82 and a half We're just going sideways All right, so anyway We can gain insight from this and we're gonna see it in the historical evolution of this limit order book All right, and yeah here here it is like Look at them at the 77 level. Okay, they want to be buyers here Okay, this is longer term liquidity that's been in this book. Okay, also it looks like at this 81 level Longer term liquidity that stays here. They they want to trade at this level here All right, and you can see these guys up here that this is a Absorption as we see price comes up into these areas here a very high liquidity and then let's Make a little more distinction with our our heat map settings Okay, and we can see we trade up into high liquidity and transactions actually take place okay, larger players with high liquidity are Absorbing the aggressive buying as it comes up into these areas right and look at look at what what happened it kind of slowed down the advance of a Price discovery to the upside. Okay, and now we're just kind of going sideways Right, this is what absorption looks like Okay, we come up into these areas They absorb and we we see we have price reverses back down okay, and We we can see that we came down here and Rotated back up into these areas and we continued on more price discovery to the upside Up into the high liquidity up here. Okay, the market needs liquidity to trade. Okay. That's just how it works So anyway, that's what book map is showing you And now we can start to look at a complete picture of not only the traded volume And we can take a candle stick off now not only the traded volume and where it took place And understanding the commitment of this traders with their transactions, but to understand the auction Okay, and their intent to deal at these areas and that's the other side of the of the order flow Okay, and to understand liquidity. How is liquidity behaving? Okay, and Anyway Let's see we've got a few more minutes here, and I said I'd go over the One-click trading. Okay, so this is one of the book map advanced features. So let's let's click on the Hide or show the trade control panel here when I click on it. It opens up here Let's enable it and you can see it turns green So at this this window, this is where you do the one-click trading. It's in this current market window or you can use the buttons over here All right, and let's choose a size now as well. We're going to choose just one contract All right, and we have OCO orders. We have bracketed orders and trailing stops as well Okay Different order types here, etc. So now I'm just going to do this for the demo so Let's zoom in a little bit and I want to show you this Okay, as we're starting to break down into this 81 level where they were waiting, right? They were waiting. They just absorbed this It looks like okay. We see the transaction that occurred here Okay All right, so let's say in this window here You want to provide some liquidity you want to be a seller Okay, and we just saw the breakdown here So maybe you want to be a seller here if you're looking for a return back here if you're if you're bearish You'd want to be a seller maybe right here So right clicking and left clicking in this window is how you set orders and it depends on You're in relationship to price as well Okay, so for example Let's see we want to be a seller. Well right clicking in this window is always going to be a sell Okay, depends on where so if I right click up here, you can see I've set one Contract here. That's my liquidity. We actually have a yellow line here that shows my position in the queue as well and As price is coming up right up to it. All right, so this is the pullback. We were looking for And yeah, there's purple line here with the long dashed line here That's my one contract waiting at this price level of 82 and a half Okay, now I can also Left click hold and drag this up to other areas and you can see let's zoom in a little bit further You can see it book map has recorded all of my actions here. This is where I place the order And then this is where I moved it Right, so we have really good detailing here of all of your Transaction activity. All right Let's see here. You can also just left click here and then change the Size of the order and you can see that there's a dot here that took place And that's where I changed it from one contract to two. Okay. All right. We're coming up here Maybe we'll get filled here and We'll take a look All right the No, that's a that's a market or I'm sorry a limit cell order. Okay. Now. Let's do a Market cell order. Okay, so that's right-clicking again, but I'm gonna right-click Below price. Okay, not above price because recall if I right-click above here That sets a limit order if I right-click below That's a market order and I just got filled. You can see my purple line here at 82 and Here's my transaction. This is where I clicked and this is where I got filled All right, so what you can see how to You know traded within this window here. Okay now let's let's flatten this position here And then let me show you the buy side. Okay, actually you can see that there's a transaction when I click flatten So it just filled my order here Hitting the flatten button it filled it and it cancelled all open orders All right, so now it's We can also set Obviously buy limit orders and that would be with Left-clicking okay and left-clicking below current price. Okay. Here are my orders. Okay. I just set three at these different price levels Okay, now let's say I want to be a buyer though and hit Market buy button. Well, you can either use these keys over here or you can not you can left-click above current price I'll click up here at 84. Here's where I clicked Here's where I just got filled and here's my position with the beige line Okay All right, let's flatten that one and the Okay, so that's that's market buy and sell and And limit buy and sell now you can also set sell It buy and sell stops. Okay, and let's let's do that. All right, so down Remember right-clicking is always going to be a sell Okay, so let's say I'm looking for this this nice little bullish breakout here But let's say I'm not looking for I'm looking for break down below this area not to accept above where we just broke From all right, so I'm going to hold down shift and I'm going to right-click Okay, and then here's my sell limit order and I just got filled. Okay, let's do it. I'll I'll sell down here as well All right, so and then I'll right-click above current price So you can see the distinction between the two lines. Okay, this double-dash line is a Sell stop and this is a sell limit order. Okay All right Let's flatten and you can also set the the buy Sell stop or a buy stop and that would be by holding down shift and then above current price Then you left-click and there it is All right Now you can also, you know, let's say I have all these orders set, you know here, you know I can flatten just the ones on the I'm sorry cancel the ones on the sell side or the buy side here, but let's say I want to cancel individual ones What you can do is just use your center mouse wheel As a as a button and then click on the order here. Okay, and it will cancel just that individual order Okay, so for example, let's say let's just move some of these together. All right, you can see I just move them up together and Now I have two orders here two contracts, but and then in parentheses. It's two separate orders Okay, now let's move them all together. Okay, I'm gonna hold down the control key and then I'm going to left-click Hold and drag them all together here. Okay, so you can move them all at once Whoops Let's move that one back and then I'll show you here. So hold down control and we can move them all at once right now you can Also click here With on your center mouse wheel and I just I just canceled just one order here Okay now you can also hold down the control key and you can Use your center mouse wheel button and I canceled all Just for that price level only though Right, so that's just some of the basics here. There's a lot more to go over in the one-click trading But we're out of time Wanted to show this to you guys someone had asked about it. I'm not sure if he's here in the In the webinar, but that's the some of the basics here and let me know if you have other questions Else I'll see you in the advanced order flow webinar starting in just a minute All right. Thanks guys. Bye. Bye