 Okay, welcome to the bookmap platform details, the risk disclaimer, trading equities and futures involve substantial risk of loss is not suitable for all investors past performance is not indicative of future results. For more information go to bookmap.com. If you are in trial or are a member then you have access to a lot of free resources and you can always reach out to us at support at bookmap.com. Let's see here. So I want to show you where you can find bookmap. It's here. You might want to watch these intro videos here just to get a feel for what bookmap is all about and then let's click on the pricing tab. This is where you can find bookmap and this is where you can get your 14 day trial period. So subscribe here. There's two different versions the basic and advanced and the difference between the two are the add-ons and the ability to trade from the chart. Now there's also the basic and advanced here with DX feed it's just a package with a data feed and the data feed is only for US equities it's not for futures okay and you can get a trial of that as well. Now the trial is for delayed futures equities data so if you're looking for live equities data then you will have to purchase it and it's $59 a month. Okay you can get it with the base and get it advanced as well. You don't have to get the package. For more information on the latest on bookmap go to our Twitter account and you can follow us there or you can subscribe as well to our YouTube page and any videos that are uploaded you'll you can get an alert and know exactly when when those are uploaded. Okay if you're new then I would suggest starting with some of the features and components videos here maybe watch a couple of the order flow video snippets but this is more of the kind of understanding how to use bookmap within your trading and we get more into this in the advanced analysis webinars. We also have an educational course here and then the recorded webinars are here. Alright so let's jump in and take a look at bookmap and what are we looking at. Let's take a look at the ES and we can see the the sell-off here in the ES and I'm just going to start off with the basics okay because for some of the newer traders in here we need to go through this alright and actually I can see quite a quite a few newer traders in here and so welcome to the webinar and let me show you what bookmap is all about and what is it displaying here okay so we're just going to go through this and we go through it every day it's a simple exercise we're looking at here a five-minute candlestick chart okay and most of us are very familiar with the candlestick chart open high low close of a five-minute period right it's that's all you get in that candlestick chart though okay we do have a sub chart here in volume that can be helpful but the issue here is that you know we're making financial decisions based on open high low close that's the only four data points that we have okay and that makes reading the the buying pressure that you can see down here with the Wix it makes it kind of nebulous and we really don't know where the volume is taking place and that's a problem okay we want to know where the volume and transactions took place what type was it aggressive buying or aggressive selling and where it took place and how much okay that is all missing from this chart as well as understanding where traders are lining up to bid and offer okay so let me start to turn on layers of data here and I'm just gonna start with a historical best bid and offer and and we're just gonna zoom in so the red line we have two lines here okay the red line is the historical best offer and the green is a historical best bid okay so this wick here is this price action here pretty pretty actually this is not not bad information on the wick because we don't really have any sort of it's a very quick move down and a quick move back up okay now this is where we're starting to get some interesting data here that's really not in the candlestick chart and that is this little sideways a consolidation layer here and then we get a retest of it here and then and then we break to the upside okay so you know we're starting to understand what makes up this candlestick chart just with the historical best bid and offer but if I turn on the volume okay now we have a complete picture of where the trading action is taking place okay you can see the the red dot here is a an aggressive market sell order and a green dot is an aggressive market buy now it's displayed here in a in a pie display just to give you the overall feeling of the volume at this area and the size obviously means a lot of volume so let's just zoom into this area here and you'll notice I'm gonna click on the hand tool hover over this and you can just zoom in very very quickly with your center mouse wheel okay and as I zoom in here I start to break apart that pie display into all the various elements in each specific event in fact I can continue to zoom in here and continue and break apart all of these trades and I can see exactly what took place here you know we're down at the millions of seconds at microsecond level here right this is what unfolded right and we can see that there's some mechanical algorithmic action here taking place in some of the trading and that's that's how these markets trade there is a lot of robots are trading back and forth okay now as I zoom out okay note how all of these trades get visually and just visually consolidated or aggregated into a bigger dot and that's how we'll display the volume okay so you can see green dot here this is an aggressive market buy order red dot is an aggressive market so that's how we define our volume okay as I zoom out and you can see that so many trades took place in here that we're giving you still the overall so the majority of this move to the downside is the majority is selling okay and a little bit of buying and then here it's actually pretty flat okay it's both buying and selling okay okay so that is the traded volume now that's good and let's go back to the current market and take a look here and you can see the five-minute candlestick is is forming in real time here right so the it's good to know where the transactions take place however and that is traditional tape reading but the problem here is that we still don't know where traders lined up to buy and sell and usually what we do for that is we go to the dome okay and we look at the liquidity here and we're looking at these price levels to see where traders are lining up to buy and sell in this marketplace this is your level 2 data here's your depth of market on the offer and your depth on the bid and right here is your inside level 1 data your best bid and offer okay it's reflected in this window right here as well this the dashed green and red is your best bid and offer and this number is the last traded volume alright so now it's good to note and have an idea where these high levels of liquidity are where majority of the sellers and buyers are okay we can see here at 57 pretty high liquidity 13 69 in 70 in terms of contracts there and then you know down here at 52 we see 1100 contracts alright so we have an idea where a traders are lining up and providing liquidity and that's helpful problem is with a dome and this is your dome in book map the problem here is that we don't once these numbers change and they're changing constantly it's it's that that information is lost that previous information is lost it's been updated and we have no record of what this auction looked like previously okay you'd have to remember it and you'd have to remember the time the liquidity what about areas around it and and how long it stayed here okay and you'd have to do the same thing here on the on the bid side now what we do though in book map is we give this liquidity a graphical representation in the heat map okay so that high liquidity here is given this graphical representation is very bright it means it's high liquidity this starts to get darker you know darker shade of gray you can see it's less liquidity so these numbers line up to match the graphical representation and vice versa okay so now we know now we know where that high liquidity is and that's in the current market window okay now you'll see them pulling liquidity and you'll see the heat map will will change to reflect that the pulling of liquidity or adding of liquidity now where it gets interesting here is we take this data and we project it onto the chart so now you can see the adding and pulling of liquidity within these striations here okay it's on the chart historically so now we understand where traders were lining up previously how much in relationship to price as it's coming up toward them and now we can start to gauge the intent of these traders we can start to use this limit order book to our advantage okay so let's zoom out a little bit and I'll show you what I mean okay and you can see that the historical heat map starts to change a little bit based on all of the liquidity that's here in the book okay so we can change the contrast configurations here and brighten it up a little bit you know play around with some of the black and white cut off and ask me questions here about some of this if you'd like to know some some more details but it's in the user manual which you can find up here under help and then user guide all right but these webinars are for for you guys to answer or to answer your questions that that you have about the platform and get into some of the details here okay so now we can start to gauge the intent of these traders here and look how they pulled that liquidity at the last minute all right so do they really want to trade up here and the answer is no okay they pulled okay 57 24 57 they stayed in the book for a bit okay guys down here at the same moment and probably the same player at 54 and 53 pulled and and that now you can see that shade of gray it got a little darker here okay so we are channeling now between areas of high liquidity around the closest here is 54 and then 50 57 here okay so a three-point range just you know pretty narrow narrow range in the S&P I don't know maybe maybe kind of average four four-point range now I guess you know something like a five-point range I don't know we see a change all the time and anyway that is something that you can now use to your advantage okay you can start to gauge you know if they stayed in the book if they got filled in some of these areas and and the the key here to understanding the liquidity is just like understanding the traded volume okay and your volume profiles we're not looking at one single line of liquidity to give us insight we're looking at overall context of an area okay if you just see one big volume dot here you know it it's helpful you know it may have have significance but we want to know about kind of the build-up to that area and how it reacted afterwards that's what gives us the context of that traded volume okay and it's the same here with liquidity we want it we want to treat it that way we want to understand the context of it okay so for example this guy here pulling is is showing kind of bearish behavior because he doesn't really want to be a seller here and it looks like maybe he's pulling and adding up here at 57 and a half and maybe here at 57 as well right so it's he's less aggressive it's further away from the the best bid and offer all right and we can read that context okay but these guys at 57 so far are staying in the book right now we will really know when price comes up and tests them okay look at the aggression coming in now at 56 okay that just popped into the book all right and this this will start to give us some insight here to the differences between shorter term high liquidity and longer term high liquidity okay this just popped in okay so and we can see how the auction here reacted immediately to it and let's zoom in a little bit more as soon as they popped in we see we see price move down okay it skewed the auction okay this is similar to all of the sudden more supply jumps into the auction okay if it's you know you go to the farmers market and all of a sudden someone shows up with a truckload more of vegetables for sale okay and here here's another example right now okay so now this this we see this kind of activity all the time right now this could be potential spoof you know if what if they they skew the book and we can see you know high liquidity here it skews the auction and then what if they jump out okay there'll be a vacuum price can come right back up okay or do they stay in here do they really mean business okay or do they say enough is enough I want to be a seller here at these lower areas and I'm gonna get a deal here in fact now they're starting to chase all right okay so we can start to gauge the context of the auction and and read the order flow here okay and we'll be doing it the same way using the same skills just it's it's it's gonna be kind of a flip in the in the in your mindset though understanding liquidity compared to understanding the transactions in the volume okay but it's it's the context that we're looking for all right so now you can see that that candlestick chart is lacking quite a bit of understanding quite a bit of data here and and book map has is showing us here a lot of transparency into the market really where they're where they're interested in trading and where they're actually transacting and the type of the context of the auction as well as the type or the context of the of the transactions all right okay now we can start to put this all together into you know understanding some very simple technical analysis you could read your candle patterns and into this as well that I don't have any any sort of issue with the candles at all as long as they're put into the right context right so you know for example we're trading down below down down below this these two candles here or three candles right and if what I'm looking for then okay based on these candles is I'm looking for the volume okay I want to see more transactions take place down here okay that's going to give me a lot of insight to my candlestick patterns okay and then I'm also looking for the auction what's it going to be telling me okay well these guys now look at the interest here at lower levels here okay you know here at 55 and a half and and they were here earlier at 56 and they're still kind of showing up at 56 okay all right so now I've got something look for looking for pullbacks and you know if you're looking at your candlestick pattern on your higher time frames then this now you've got the transparency into that candlestick you can understand it right if you're looking for that then you would be going short here okay you'd be looking for buy or I'm sorry selling on pullbacks okay and now we have a lot more information to support that decision okay so I hope that is helpful you know giving a reference and context to a bigger picture here now you can you can look at all sorts of things here you know you can you can start to draw your trend lines you know maybe you're looking for this this range here to stick but you know here we have a trend line at at 53 okay well maybe maybe there'll be buyers down here and indeed there are they're lining up at 53 okay so if you went short here maybe you'd want to take some profit down at this area okay if you remain longer term bearish then maybe you'd want to let it run and maybe looking for getting some more on up in this area okay it's it's there's all sorts of ways to play this okay and but the the market is being recorded and it all the data is here in front of us all right so you know we can we can also look at some horizontal lines here okay I like both the trend lines and the horizontal lines quite a bit okay you know here's our breakdown actually the breakdown you know we even have a microstructure up here as we can see okay in this little area here and we see the breakdown okay we don't even get a retest back to that area we get a retest back to let me stop that so you can see my my mouse you can see the little swing to the low here and that's where we we basically get our our retest here okay so kind of back into that area okay we don't even get back into this area up here where it broke from from this little microstructure up here but now we're starting to get a lot more context and it gives us a lot more insight to this this price action okay because we have you know structures within structures here and you know this is the fundamentals of you know starting to understand fractal market behavior all right so these moves start with these the smaller moves and then and then within a bigger move as well okay so we got to pull back to the bigger move but we didn't get it back to the smaller move up here all right any questions okay this kind of analysis here is you know what we start to get into well in about four or four or five minutes here into deeper analysis of what to look for with in how to start to apply this to your trading and and that's in the advanced webinar okay but this webinar here is about the platform and the details going through some of the functionalities here okay like you know there's drawing tools right and you can clear them all off here as well and you know there we go and you know jumping back and forth between different symbols or if you want like for example here on the NASDAQ we can double click on this and I can pop this out and I have a sub chart or another chart that I can put on a different monitor okay of the NASDAQ okay if I close that down it'll it'll pop back in here at the end of my line and I can left click hold and drag that back into place over here alright and then you know if you want for example let's look at the ES and let's throw the NASDAQ on there okay and we have all sorts of and let's take the candles off for now and let's put on the correlation tracker okay and I'm going to add a correlation of hmm yeah let's just put the NASDAQ on what the heck okay whoops and I need to enable it here okay it's going to be a blue line and I need to turn on my indicators and where's my NASDAQ okay what else am I doing here should do it should do the trick alright I don't know what I'm doing wrong here but anyway let's try that one more time with that correlation hmm okay I don't know what I'm doing wrong I don't know why it's not showing up anyway the the correlations do exist and you can this comes with the advanced advanced features and that that's part of the package that you get so that is part of the advanced subscription that you that you get okay and you can see these numbers here these little numbers here is another one it's another add-on indicator which is the iceberg detector showing liquidity that traded that wasn't displayed in the limit order book at that moment so that's that's another one and the ability to trade right on the chart too is another nice one okay okay so now you know you can see how we read this here and we can see the the move here to the downside and you know it's giving us a you know we read this pretty nicely you know looking for a pullback into some of these areas and then looking for that continuation to the downside now here's my NASDAQ right here okay it's showing up but that is odd I don't know why that's funny okay well it's it's on there somewhere but maybe maybe I triggered something wrong anyway let me know if you have any questions other than that well we can see you over in the the advanced webinar and let's see Joan we'll get you up and running here so you know I let the guys in support know already so they should be should be helping you already okay okay yeah you're welcome okay well thanks for coming we will catch up with you guys tomorrow okay bye bye