 Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap, risk disclaimer, trading, equities and futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, you go to bookmap.com. There's a free 14 day trial period that comes with education. You get access to the Bookmap Advanced Order Flow webinars that starts in about a half hour. Goes for about an hour. And the Bookmap Educational Course, you get this as well. The webinar supports the Education Course or the content there in the course. And there's other educational resources as well. So if you have any problems or issues or questions, you can reach out to us at support at bookmap.com. And let's go to the website here and let's scroll up to the top. All right. Okay, so let's click on explore. First, there's the intro video for those of you who are new here. Just a minute long or so gives you an idea of what Bookmap is, what it's showing you. And let's continue on down here. Okay, so you can click here now. Tomorrow you'll need to click here for the next webinar. That will be free starting on Monday. It'll be after tomorrow's webinar. In the afternoon, I'll update this link and you can register for the next week's webinar series here. And then let's see more information about the platform, benefits and scroll down. There's Bookmap for equities with NASDAQ Total View here. You can learn more about that. And then connectivity. You will need one of these data providers or through your broker that has one of these data providers to connect Bookmap to the live market. So Bookmap is a software platform just like Ninja Trader is or TTX Trader or TradeStation or Thinkorswim. Those are all platforms. Bookmap is a platform as well. However, we're not a data provider. So just like Ninja Trader, you will need a data provider and you'll plug that into, receive your data. And we also connect to Ninja Trader through the API in Ninja, like any other Ninja Indicator or Ninja Cater, all right? And the same with TTX Trader Pro and Interactive Trader Workstation too, okay? All right, scroll down a little bit further. Here's where you can give Bookmap a try. There's Bookmap Basic. And then there's other features that will round out the Bookmap Advanced and Quant versions, all right? So you can see it's 49 per month for the Basic. It's billed quarterly. So it's gonna be 147 for three months. And then you can see 99 per month for the Advanced. The difference between these two are the features, okay? The ability to trade right from the chart and these proprietary order flow indicators that we have developed, okay? And if you don't have a data feed, you can click here, find out more about, you know, getting a free demo data feed if you want. And then you can then subscribe to the 14-day free trial as well here in Bookmap. Okay, if you can't decide which one's for you, you can click here and you get the features list. It should pop up. Here we go, all right? And you can see the differences between the two or three and you'll see more at the bottom here of what the differences are, all right? Okay, follow us on Twitter here, social media. There's Bookmap, or at Bookmap underscore pro. And you can subscribe to our YouTube page, okay? So for those of you who are new here, I would recommend going to the, let's go to the home page. Okay, and watch some of these intro videos just to get a feel for what Bookmap is. Then there's the features and components to understand more about the features in Bookmap and what makes up Bookmap. And then these order flow video snippets which are really short and concise videos that just go through the market phenomena or order flow phenomena that Bookmap uncovers. So this is where the rubber really meets the road is starting to understand this information here within Bookmap, all right? So you understand how to use Bookmap with the features and components but you understand really how to trade with Bookmap or understand order flow and then integrate that within your trading with these order flow video snippets, okay? Now the material here is very similar to what we go into depth with the advanced analysis webinars, okay? That'll start in about 34 minutes or I'm sorry, not 34 in like 25 minutes or so, okay? 23 minutes. All right. If you wanna watch some of those advanced order flow webinars there's some recordings here from selected webinars and you can watch those and let's get into Bookmap, all right? So just curious about some of the bigger picture markets here just let's jump in here and we'll look at maybe we'll look at the NASDAQ. We've been covering the NASDAQ lately and it's been pretty good. So all sorts of different stuff we've seen the last few days here in the order flow. All right, so now what do we see here? Okay, so especially for you new guys this looks rather complex, okay? So it looks like there's a lot of things going on here. It's really not and the demo here that I'm gonna go through will show you that it's actually pretty simple stuff. And in fact, just a candlestick chart is in concept is more complex than what you're seeing here, all right? So we do have an indicator sub-panel here. I'm not gonna cover that. I'm gonna just look at the main Bookmap historical chart and then you can see over here we have our data columns and our DOM. If I zoom in here, okay? We can see the depth of market, the DOM here in Bookmap which is the COB column, all right? Okay, so what are we looking at here in Bookmap? Well, it's pretty straightforward to be honest. There's three different items that we're looking at here. One is just historical best bid and offer. In fact, I'm gonna start just to demo this. I'm going to turn off some of this data, okay? And then I'll show you the candlesticks here but this is the historical best bid and offer. That's it, you know? There's no rotation, there's no candlestick, there's no timeframe. It's just historical best bid and offer throughout. And then we're looking at the volume, okay? The dots here that show the volume on the historical best bid and offer, all right? And the last item that we're showing here in this chart is the heat map, okay? And what is the heat map showing you? It's showing you the limit order book, okay? This book over here, okay? Or this is not really a limit, there's no limit to it. This is from Rhythmic. We have a complete depth of market here. Okay, but here is your order book and we're looking at liquidity in the order book. That's an important part to read here, really important part. Look at how they just came in here at 62.20 with high contract 74 or it was 90 earlier. Look how it just traded into that and they pulled that liquidity, looks like. Yep, the majority pulled that liquidity, all right? This is the kind of insight you're gonna get, all right? Now those 90 contracts were here at 62.20, okay? Now there's 27. How are you gonna know that there was 90 contracts there? How are you gonna know if there were those 90 contracts traded or not? It's gonna be rather difficult. It happened really quickly, okay? And this is what book map does with the heat map was record that data and project it onto the chart, okay, using the heat map. So you can see we're charging up through very quickly up into these areas here of high liquidity, all right? And some of it's trading and a lot of it's pulling too. Okay, you can see where you can make the distinction. Where it's pulling and where it's trading, right? And I'll show you the differences later. Seeing a little bit of phenomena as well of a book flip, okay, with high liquidity that was here on the offer. It's now on the other side on the bid. All sorts of stuff unfolds just by this historical view of the limit order book. And we want to understand this information. It really has an effect on price. It's the auction, okay? And yeah, nice flip. I mean, at all sorts of different levels here. So looking for a continuation to the upside. So it looks like it wants to accept at this point at least above 25, all right? And anyway, the order book is the heat map that you see here and that what is probably the part that makes it look rather complex here. But we'll get into exactly some of the details here. And it's just adding and pulling of liquidity. That's it. It's just being recorded. Yeah, nice sweep. Absolutely. I mean, this is pretty impressive here. We'll cover this in the advanced order flow webinar, but we see a really nice reversal pattern down here, head and shoulders, but we put the head and shoulders into context in the order flow. And we can see the drive up here, which is the key. And we trade to a new level up above here. Look at the acceptance up here. Everything looks points pretty nicely to the breakout here, all right? But anyway, we'll just refrain from that for just a moment and just go over some of the basics here. I'm gonna turn on the candlestick chart and we're gonna turn off all of the rest of the data here, okay? And now look at it, look at the chart here, all right? This is rather hard to read. This is a five minute candlestick chart. We can see the wicks, we can see the bodies, we can start to put together some of the patterns here. And, you know, at best though, it's still a guess. There's so much more data here that we have no clue and there's no transparency into. This candlestick pattern here, and in fact, this time it actually worked. Yesterday it did not. We see buying pressure starting to come in and then we see it kind of close above this area here. We go sideways for 10 or 15 minutes and then we see the nice breakout to the upside. But we have no clue where the volume is trading. We have no understanding of what type of volume is trading. Is it aggressive buying or selling? And we don't know where and how much, okay? All of that information here is lost. And that's the kind of insight we want to make more informed trading decisions. And that's where Bookmap solves the issue. If we just turn on the historical best bid and offer, we can turn on the volume sub chart here. If we just turn on the historical best bid and offer, okay, we're gonna start to understand the price action within that five minute period, okay? So this back and forth, these little microstructural areas. For example, this low here, okay? This is just how these markets trade. We can see that there's a price structure here, okay? It's kind of going sideways. We see a low, but we don't come back to that low here and we kind of go sideways for a bit. And then we see that we broke above here, came back into the middle, right? It's gonna kind of bounce probably off of this little range here. There's gonna be a point of control and we're gonna, looks like we're bouncing off of that here and then we found buyers. Buyers pulled the market up. We're gonna see this in book map with the volume dots. We're gonna see that buyers stepped in, right? We're gonna understand the shift in the order flow from a large red dots pulling the market down to a shift and more green dots pulling the market up over here. This is what's completely lost in this candlestick chart. We have no clue about that, okay? And I'm gonna show you here in book map, all right? And here we go, okay? So here are our large red dots pulling that market down. Very indicative of order flow in a trend. More selling at lower lows, retest back up into lower highs. We see less volume and then we see more, again, aggressive selling at lower lows, okay? And then we see the difference here, right? Now look up in this area. We see that there's more aggressive volume and it's green. Most of it is green up in these areas here. And we've made a higher high now, okay? We've broken the structure and we see it with volume, okay? Just understanding these very simple concepts is giving us a lot of insight to the potential for reversal at this point. This is something we go over in detail in these advanced order flow webinars, okay? And okay, we rotate and kind of go sideways for a bit, but then look at the change again, okay? This confirms the breakout, right? More volume trading at a higher high. This is going higher, indeed it did, okay? All right, so anyway, that's just the volume and we understand where that volume's taking place. We're understanding how much and what type, okay? And to get into the details here because it's something that Bookmap is able to handle all of these different data points and there are millions of data points here. It's just not open, high, low, close for data points of a five minute or 10 minute or whatever timeframe or period or whatever you're looking at, okay? There are millions of data points here and Bookmap is able to handle all of those in real time, okay? We have a complex event processor that can handle all of this. So if I zoom in here, I can show you the details, okay? So here's our historical best bid and offer right here. Best offer's red, green is best bid, okay? These dots here, okay? These are aggressive market buy orders. They're aggressive because they cross the spread, they take liquidity off of the best offer and they're not providing liquidity. The guys in the limit order book over here, they're providing liquidity, okay? They want to sell at these specific levels or they want to buy at these specific levels, okay? The aggressor takes liquidity from these guys in the limit order book, okay? Now we're looking at milliseconds here and very microstructural areas. However, Bookmap can handle and you can see as I zoom in here, note how I'm pulling apart all of this trading activity and we're getting a feel for exactly what traded here. And in fact, we can go down into the nanosecond level here. We're looking at billions of seconds and this was one trade that was for volume of 35, okay? We can verify that over here in the insert a new column and we can change that into a trade counter. There's one trade, volume of 35, okay? So we know exactly what traded here, right? We also know that if I start zooming back out and I compress this time frame and we're going to hire time frames now, note how Bookmap handles this data. It's been aggregated only visually or graphically, all right? So this one dot, let's zoom in just a little bit more. I'm not able to put it within my chart range. Well, this one dot here of, or these three dots here are five different distinct trade events, okay? For volume of 39, all right? So if I zoom back out, note how Bookmap is aggregating visually the volume information and displaying it here. So we have an understanding of really what took place, all right? So aggressive volume came in and lifted the offer here in this area. A little bit of selling right here, but most of it is buying, all right? And if I zoom out even more, note how Bookmap handles this, okay? We're showing you now in overall because there was some selling in here. So we give it in a pie display. If you wanna hover over that dot, you can see here exactly what traded. We get the date, the time, what was on the bid or offer at this point, okay? And the volume it traded, okay? So 57 is this dot here, okay? Anyway, that's the traded volume. That's what we're showing here. And this is advantageous compared to a lot of other products out there because we're showing you the microstructure as well, okay? So for example, here's a couple of minutes of data between these two, well, this is one minute a day here between these two vertical dash lines and then another minute here, okay? And look at these little microstructural areas. And there's significance to this. This would just aggregate back and forth like in a footprint chart, okay? It handles volume that way and it spits it out as a numeric value. I like footprint charts. I don't have anything against them except that they don't show this microstructure. We have no clue of the exhaustion down here, okay? The breakout here of this little structure, the pullback to the point of control of this little structure. We can see it very clearly here and we can see that it exhausted out. We can see that we rotated back up to where the market can trade here and we get another breakout, okay? This is what we call price discovery, okay? Because it can trade higher. It exhausts here, it doesn't find trading but it does find traders. It previously found traders up here. It knows the market knows that it can trade up here again. So it does and then you get more buyers pressing price higher, okay? And price discovery. All right, so anyway, that's the traded volume. So I covered some of the heat map earlier but the volume is only really a part, a fraction of the order flow. There's so much more going on here that we really have no clue to just even looking at this chart right here, okay? There's all sorts of bidding and offering within the auction and how we usually access that is in the limit order book, okay, and looking at where they're lined up. And this is a good view. I think it's really insightful. The problem with the limit order book though is that it's only for the current market, okay? Once this data is displayed, we understand what's going on here but once it's pulled, we don't, okay? We'd have to memorize where these areas, where they're bidding and offering and what about areas around it, okay? Like in this area at 27, they're getting more aggressive. They're starting to front run some of that liquidity we just saw, okay? Bigger player too. This large lot tracker showing us that there's a bigger player here at work. And so now we're getting an understanding of more aggression here on the sell side. They're lowering the offer. Okay, we're getting that here from the current book, okay? And that's good. But what if price comes back up there and like this changes to 50 contracts? Well, you'd have to remember the price level and you'd have to remember that behavior that they previously displayed here, right? But if you wanna remember that information, you'll probably, it'll be beneficial. You'll get a few ticks out of it, maybe a few points, understanding some of the order flow here. But because we can show the historical map, okay? Since we take that data, turn it into a heat map in this window here. They were, you see the numbers change and the heat map changes. And then we record it and place it onto the chart here, okay? Now let me bring up the white cut off a little bit here. It's getting a little too noisy, all right? Now we can start to understand their behavior in some of these areas here. Okay, they were up here at 28 and a quarter. They lowered it right at this point here. It's probably the same player. Pulling liquidity, adding it lower. Pulling liquidity here, adding it higher. It's probably the same player, okay? There's another player here at this 26 and three quarters. He was here earlier and he's showing up again, okay? So now we really can have an understanding of what this whole area, not just looking for a tick or two, but looking for like much bigger moves because we have the historical book in front of us. Look where they're bidding down here. Pretty high liquidity between this area, between 20 and 22, all right? So they wanna be buyers down here. This is where we saw the breakout just occur. And they're supporting that breakout because they were here on the offer. We trade up through nice, real nice move to the upside and then they're here now at higher area wanting to be buyers, okay? So we're able to see that. This is bigger picture stuff. I mean, we're looking at between here, this is 1055 and this is 1025. So we're looking at 30 minutes of data here. This is bigger picture, but we're still utilizing the limit order book because we have the historical view of it. And that's the advantage you're gonna get here with Bookmap. Now, understanding the context of this liquidity and the subtleties and the detail and combining that also with the trade activity where they're committed in the trades is where we're really starting to understand the market condition, okay? Historically and current and able to start to anticipate how they might behave in the immediate future, okay? All right, any questions? Okay, so anyway, I see a few of you guys are here from your attendees in the advanced order flow webinar. So we're gonna cover this because we covered it yesterday, pretty nice stuff looking at these reversal patterns and then the order flow shift and this one yesterday's failed, okay? And we noted that looking for a possible failure, this one is the opposite, okay? This one followed through nicely to the upside, okay? So anyway, we'll go through it and we will call it a day here and we'll see you in the other webinar in just a few minutes, okay? All right, see you there, bye-bye.