 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures involved Substantial risk of loss, and it's not suitable for all investors past performance. It's not necessarily indicative of future results For more information go to bookmap.com. There is a 14-day free trial of the platform and it comes with education So you'll get an educational course And then you'll also get these Access to these advanced order flow webinars that support the educational course Okay, it just does it in live markets in real time so that you're able to make that transition between Concept in education and live market. Okay, so that's what you get as well as the bookmap platform If you have any questions, you can always reach us at support at bookmap.com and And let's go to the website here and just briefly go through it here quickly So just click on explore. It just drops you down here. It's a scrolling page Drops you down into the intro video that you see here It's a minute long or so it goes over bookmap very basic You know general Advantages that book map displays for you and then we continue on down here just about book map a little bit about the platform, etc Some testimonials book map for equities. Okay, so you can it's not just for futures any longer This has been for a number of months now. This is an excellent data feed with the NASDAQ total view We're again, we're not data providers. You will need one. It's just that one was dev experts data fee or Yeah, dev experts will allow you connection to NASDAQ total view. Okay, here are all of the other connectivity Platforms or data providers I should say so and we can see here the There are I don't know a dozen or so so you will need one of these to connect to your bookmap to the live markets and Let's scroll down a bit further. I just wanted to mention Yeah, I mean we are a platform just like some of these other platforms that you see here like Ninja trader or TTX trader pro Or interactive brokers traders workstation now we connect to these as well is through the API of these these platforms so So for example your TTX trader pro or let's say your ninja You're connected to CQG to your ninja. Well, you can also connect book map either to CQG directly if you want or you can Connect book map as an indicator or through the API of ninja trader. All right, so that's that's all I Wanted to make that point there a bit further down. This is where you can find the free trial. It's 14 days The pricing there's book map basic advanced and quant $49 per month for book map basic and 99 for the advanced The difference between the two are the add-ons. Okay, so there's really one version of book map There's just different features. All right, so a train being able to trade from the book map chart Nice advantage here because you have the liquidity in front of you So you can manage your trades and optimize your trading By a number of ticks with each each trade basically Being able to front run large liquidity or hide stops behind areas of large liquidity And then these proprietary indicators that we have put together Reading order book and balances reading larger players large lot tracker as well as iceberg detector, etc All right, quants, you'll have specific needs like connecting to your own data or your own proprietary indicators You can reach out to us here Scroll down a bit further some of our partners. So if you already have some of these brokers or Relationships we we do as well. All right, and then you can contact us here Okay Social media you can follow us on Twitter It's underscore or at book map underscore pro and then the YouTube page you can subscribe to and We have the intro videos here that if you're new here I would recommend watching some of those and then features and components Just to get get an understanding of what book map is the user interface what some of the features are And get familiar with it Okay, that's what this webinar is all about is to understand what book map is and then we do look at some of the order flow but The advanced order flow is much more like these order flow video snippets Okay, so now we're now we're looking here at content and market phenomena and how book map Uncovers that and how it gives you advantages by by allowing you that transparency into the marketplace All right, so this is what we go through in in detail in the Advanced order flow webinars Okay. All right. Well, let's take a look at the market and Step back and take a bigger picture look. All right, so we're looking at the Nasdaq again here We saw them move up the sideways move yesterday and then the move down today It looks like some buyer found some buyers down below this area and we're right back into the middle of the range Let's look at book map. All right, so here's that move down below All right and area a large liquidity here. Okay, so no no no surprise there, but This for those of you who are new here, this may look a little daunting Okay, let's close up the indicator panel that we have and I'm just going to go through the basics here of what book map is showing you Okay, because it looks like there's a lot of data. It looks very confusing and overwhelming It's actually not it's actually there's only three things that we're showing here and Looking at the indicator based strategies and candlesticks and other other bar types Those those are conceptually much more advanced than what we're actually showing here I mean, we're really showing a very basic view of the marketplace and let me explain so I'm going to turn on candlesticks and we're going to start that direction and I'm going to Turn off everything else here and show you that what we're just showing you basically in book map is Very transparent objective view of the market. All right. It's showing you historical best bid and offer We're showing you the volume that traded on the historical best bid and offer and we're showing you the Historical auction of the dome the limit order book. Okay It's just recorded and transposed onto the chart. So if we look at a candlestick chart All right Lot of unanswered questions here. Where did the volume trade? Okay? We will usually have a volume sub chart on our candlestick chart But that gives us no insight to exactly where the volume traded on the candlestick We have no clue to that. We have no clue to what type of volume. What was the aggressor more buyers or more sellers? We also don't understand. I have an understanding of How much traded exactly where? Okay? These are really important questions to answer and it's completely unanswered here in this candlestick You're just looking at an aggregate period of open high low close of five minutes All right, and that does not give you a lot of insight here. Okay, so We want to know those details. There's going to be microstructural areas within this candlestick here That we have no understanding of and that's going to be really insightful It's going to give us understanding of where Some of these bigger moves start to take place because we'll see it in the microstructure to begin with so let's turn on the microstructure and just look at historical best bid and offer and That's it. That's all we're looking at. All right, and this already gives us a tremendous amount of detail here and For example, let's just zoom in to this bottom area here Okay, and we can see a little structure here already. Okay. There's a double bottom right here Okay, and we can see that it was broken right here Okay, we see the swing above and we see that actually price accepted above this area In fact, it's not here's the pullback coming back to it and we see buyers step in okay, or we see that there's a lack of sellers Right. This is showing us strength already. Okay, and we don't see that in this candlestick whatsoever All right, you just see that you know came down here and we see maybe it went to about halfway of the of this down candle here Okay, this is already giving us a transparency and insight here. We understand the structure. We understand what's going on and That's going to allow us much more informed trading decisions and that's because the historical best bid and offer does not aggregate Okay, if you look at a footprint chart that is showing you the volume Where it traded on the candlestick, but it's still aggregating within a time period or bar rotation Okay, so let's turn on the volume and let's see exactly what occurred here Okay, so the volume dots here as you can see are on that they transact on the historical best bid and offer and we're getting insight to You know the type of trader by the color here We're looking at the aggressor classification of volume. So a red dot Is a market sell someone hit the market sell button? Okay a green dot is a market buy So let me zoom into this area to just show that distinction Okay, and we'll just zoom in here and really get into the nitty-gritty details here of what Book map is showing you and it's a simplified version here. Here's your historical best bid and offer Okay, let's go into this area here. It's just a little bit But it's a lot of stuff going on here. Actually, let's go to the simpler area, perhaps Yeah Hold on a minute. Yeah, okay. This looks pretty good. Okay So historical best offer is this red line Historical best bid is this green line. Okay, that's where the market is being made now these these dots here are transactions Okay, so this green dot for example, we can use the data tip tool hover over here And it says the date the time what was on the ask at this price level and it gives me the volume to Okay, so I know exactly what traded here You know two contracts traded here So this is an aggressive market buy someone hit the market buy button and they took liquidity off of the best offer Aggressive sell is right here. Okay, it's the opposite. So That's what we're showing here, but notice all these little structural areas. Okay, we can really get into the details here In fact, we can zoom into Levels here like in and to see what really occurred here. Okay And we can start to zoom in and see everything that took place And in fact, you know, you can see we're down at microsecond level Well, we can continue to zoom in and look at nanosecond level. We're looking at billions of seconds here Okay, that kind of transparency is is handled with our complex event processor and that is Ah Giving you a very very objective transparent view of the market all of this all of this data is recorded. Okay, all we have very very Accurate portrayal of what occurred here in the market very objective Okay, so Now we're not trading at these levels unless you're trading algorithmically Okay, but that doesn't matter you're gonna note here as I zoom out although we've recorded every single event as I zoom out We're gonna give you the overall shape of that with the aggregate an aggregate view just a visual graphical Aggregation okay, and as I zoom out and let me bring up the dot size of it So just to make this point As I zoom out these dots turn into Like a pie display Okay, so you can see that pie display in several of these areas here Okay, so I zoom out more and you'll see these pie displays It's just that there's so many transactions that took place that the size of the dot and if I hover over here It says 279 contracts. Okay, we know we know the overall shape of the transactions here There was a lot of transactions and the majority of it and a slight majority was selling Okay, there were buyers down here too though. All right, so we're getting a feel for large transactions the type of transaction you know buying or selling the overall Delta of it and Where exactly it took place that's giving us tremendous insight. Okay, so for this candlestick for for this wick down here Well, we know that there's sellers down here. Okay, and we know that they're gonna be trapped Okay, look at the microstructure that we were looking at earlier And in this little area here and this is all trapped volume at this point because look at them hit or lift the offer here Okay, they've they're charging up out of that area with aggressive buying and Anyone who sold down here is probably going to be covering at some of these little spots up above Here as they maybe move their stop down or just have their stop up here. Okay All right, let's bring that dot size down a bit now Point made so that looks pretty good. Okay, so we have an understanding of what's occurring at some of these levels. All right Here's our double bottom Okay, and So we can we can see really what on a bigger scale now. Okay zoomed out. We see another structural area Here's our microstructural area. We see the aggressive buyers buyers are now in charge here Okay, we need to see follow-through on that though All right, we get another retest down here and in this little retest It gives us some some insight in the microstructure. Okay, look at the selling down in these areas here Do we see big? Large red dots here any longer. No, we don't Okay, and in fact we get it out of the bigger double bottom here We get a micro double bottom here. It's exhausting out on cell on the cell side. Okay We start to kind of rotate back up and buyers take control all right and So Offering the volume within the microstructure Gives you a lot of insight here. Okay, but that's just half the picture We want to also understand the other side of order flow and that's the limit order book Okay, where are they auctioning for this product? Usually that occurs in the current market understanding the The limit order book. All right, so let me get to a few questions here that Want to answer questions that you guys have and interrupt myself interrupt me anytime here I want to go through your guys questions about the You know anything you may have about this but That's what this webinar is is is for all right See Brian your book map is locked up scrolling but nothing Hmm, but not showing any price changes Okay, you probably lost connectivity Brian Maybe try another symbol See if see if you just see like a you know You're basically what you're going to see is your best bid and offers is going to go straight across Right. I imagine that's probably what happened. You might maybe lost connection to your data provider Yeah, that probably that probably is the case So well I Wouldn't refresh it if if you see that scrolling line going across here It's it's not connected, you know check. I think you're going through Ninja trader And if you are see if see if another chart is doing that that's connected, okay transact All right. Do you have another platform that is connected to transact data? Okay, and it's working fine Okay, not not sure what to tell you there but Yeah, I mean, yeah, you can you can You can try to refresh I guess but no, I mean it if It sounds like a connectivity issue So I'm not really sure how to how to help you at this point. I'd have to look have to take a quick look at it Yeah, you can try that you're gonna lose your data if you just disconnect. That's the that's the issue. Okay Jesus you want to look at Big orders only for example orders more than a hundred contracts. Well, what do you mean by orders? Do you want to see? Transactions that occurred for a hundred contracts or greater, okay Okay, all right. Well, let's we'll take a look at that Let me let me just a quickly finish up here with the limit order book Okay, so here's our liquidity that we see here in the limit order book This is the current snapshot of the market You see where the traders are lined up down here at like sixty two ninety three eighty five contracts down at ninety There's a hundred and forty three contracts We're we understand the auction here where where traders are lining up to deal in this auction It gives a lot of insight here. Okay, we're at sixty three hundred the figure Okay, there's always going to be some interest at this area here But the problem is with the dome It gives a great snapshot of current market, but no historical market and that's a that's an issue Right because we want to understand how they be how they previously behaved in the in the market So look at the interest up here at sixty three hundred. Okay, and now they're starting to pull and add higher We can see it very clearly in this window here. Okay, you see the heat map changing Well, it's reflecting the equity that's added and pulled in the dome okay, so areas of high liquidity are bright white and Now we can see Historically how they're transposed onto the chart. So now we have a complete picture of the market Okay, we have and let's just take off the candles now. Okay, we have the Historical best bid and offer that shows microstructure We're seeing the volume that takes place on the historical best bid and offer and now We also have the historical auction. Okay, where they're where they were previously bid in an offering. It's all it's all been Recorded here. All right, so Jesus, let's get to your question here. You want to look at larger transactions. Absolutely. Yep real easy to do click on studies configuration click on volume dots here and then Minimum accountable trade size. This is going to look at trade events that took place for a specific size. Okay, your block orders All right, so a NASDAQ. Let's let's input 10 and let's see what we get Okay, well, you don't see a lot. We don't see we see very few. Okay, so, you know, that's That's the NASDAQ market if I input five. Okay, any transaction that now occurs It's going to be for five Contracts or greater. All right, and now we start to see some of these transactions. Okay And that's how you do it Okay, there are all sorts of ways of filtering for the volume. That is one way The I usually just keep things on default and I I like the smart dot clustering Okay, this is an algorithm that starts to put together the clustering of the dots. Okay, understand where they're going Okay. Yeah, you're welcome Jesus Brian, yeah, sorry Are you are you reconnected at all anything show back up? Okay? Okay, great. All right You had to disconnect and reconnect. That's that's unfortunate. I'm not sure why because you're gonna lose your data, but usually you know Even with a transact if it disconnects just wait until it reconnects is usually what you know, I've seen and You won't lose any of your data, but Yeah, anyway All right, let's see. All right. Well, let's say let's get into some of the order flow now. All right, so You know, we were looking at The Nasdaq here. Okay, we were looking way back here at this double bottom and What do we look at? Let's just go through current market. What do we see right now? Okay? All right. Well, they're here at 6300 the figure really important number We know that we see the high liquidity just above it here. Okay, so Sellers are up here. We know that look at them layer in up here Okay, we know that the larger larger players are up in these areas Okay, we even have the large lot tracker here that shows them holding a specific amount of liquidity up here Hey, where are they on the bid? Well, they're starting to show some interest here around 97 But they're not this is see how we're able to make the distinction here in bookmark because they're pulling they're adding and pulling So it answers the question are these traders in this auction? Do they really mean to trade here and the answer is no because they're pulling right so they're in any just think of an auction environment if You know, there's someone in that auction and price comes down to a specific Specific level and he's like yeah. Yeah, I want to buy there. I want to buy there but then As soon as price comes really close to him. He goes no, you know what I changed my mind. I don't want to buy there Well, that's what's occurring here. Okay, so this guy does not have intent to trade So we're able to determine that here by looking at this historically Okay, and it looks like these guys they do have the intent at the moment But we will see once price gets up into these areas. Okay, so now on the bid They're you know dropping it down to these areas here at 95 and a half and 94 and a half around this area Okay, and note that they just pulled as well at 95 and a half. Okay, and now they're a little lower All right So anyway now we can start to put all of this together and this is where it gets really insightful is We we can put all of this together In your trading methodology. So let's say for example your volume profile guy Well, here we are going sideways Where are we finding responsive buyers? Well, we can see them in the limit order book. They're down here at these areas here Responsive sellers they're up here Okay, and we're just channeling between those two right now Okay, and we're getting a real good feel for Where the you know, we have a volume profile here as well for this range. I'm looking at just this range It's a chart range volume profile And and now I'm starting to understand if there's a if let's say I want to be a buyer Let's say I'm looking for I'm bullish. I'm looking for a break of this Range and for it to come back into the range and trade to the other side here Okay, let's say that's your your your strategy here. All right. Well, you want to see if You know this liquidity here how it's behaving if it pulls and if it gets filled or if You know the if we exhaust out We trade through this area and then exhaust out. Okay, and we found we find lack of sellers Look for the aggressive buyers to start coming in Okay, look for them to start pulling their liquidity and You know, we can see them up here now at 63 Okay, so looks like we want to test this area at 94. Okay. Well, just as I say that it drops a point point and a half and So yeah, here we are now. Let's see if we go down to 93 Okay, so we just traded through Okay, okay, and now did these did these sellers are these buyers transact? Okay, we can zoom in here and we can see them hitting the bid into these limit orders So we know that These this was real liquidity. Okay. A lot of it was it was real liquidity. They stayed in the book and they traded Making that distinction right So now we know that there's there's interested, you know buyers at some of these levels All right Okay, let's look at this what just transacted down here Yeah, they're they're buying as well. All right So we know that they're starting to absorb some of the price I'm looking for the aggressive buyer to step in right now Okay, I'm looking forward to come up at least to this swing here the prior around 97 And then let's see if we can get up above the the point of control or this most traded price level at 98 and Let's see if we can hit the the other side of the range now up here around 6300 the figure or 6301 All right. Anyway, I'll leave you with that. I've got a I got a jump for those of you registered We'll see you in the next webinar. Okay. Bye