 Okay so welcome to the Bookmap Platform Details webinar. We'll go through many of the details here in the platform and then following this webinar at 11 a.m. so in about 29 minutes we will present the Bookmap Advanced. So a distinction between the two, the Bookmap Advanced is for those who already have Bookmap are in trial or current customers and they already have the details regarding the platform. So that's where we look at more advanced analysis of how to start to read the order flow here in Bookmap and then and move beyond just some of the platform functionality. Okay so let's start off here with the risk disclaimer. Trading equities and futures involves substantial risk of loss is not suitable for all investors. Past performance is not indicative of future results and any new traders out there, let me know. Just want to welcome you to the room here and encourage you to ask as many questions as you have here. That's what this webinar is for. Okay so as a way for you to see and understand in real time and in the real markets, live markets, what Bookmap is displaying and all the different functionalities. Alright okay yeah let's see I see B. William also from yesterday is new okay and a few others here as well. So welcome and some of the resources here I just want to point you to them bookmap.com you can go right to it here and we'll click on explore. Okay there's intro videos here they're very short just a minute or two each to get you so familiar with Bookmap and then let's go down to the pricing tab. Okay so here are the different versions of bookmap now there's only two different versions of bookmap the basic and advanced okay 49 per month and 99 per month for the advanced they are billed quarterly and the difference between the two are all of the add-ons and the ability to trade from the chart here. Okay so you get all of all of the add-ons as a whole package deal for 99 per month. Okay now you we also offer bookmap with equities now we're not a data provider but we're offering the DX feed through us in a partnership deal so but we're not responsible for providing that data it is DX feed okay and you can get this here as a package now the DX feed is only for US equities it's not for futures okay you also get a 14-day trial period with it now the 14-day trial period you get with the DX feed is delayed data so if you're not interested in that and you want to see the live equities in the live market then you will need to pay for it okay so you can get the DX feed with the basic and advanced here as an add-on okay you don't have to get the package deal if you don't want okay so you have more flexibility potentially here with the basic and advanced okay regardless you get that 14-day trial period if you want to see what plan is right for you you can click here and we can compare all the different features okay so there's that link there and then once you become a member in the bookmap portal to click on this link up here there's all sorts of resources here to check out in the portal and I can show a few of them here as well you can follow us on Twitter you'll get the most up-to-date information and retweets of other other traders etc here and then you can subscribe to our YouTube channel a lot of great stuff here and if you're new again I would recommend watching the intro video here and then watch some of the features and components videos because they go through you know what what bookmap the functionality here and what you're looking at and then followed up with just a few don't go crazy quite yet with the order flow video snippets but you can get a feel for what bookmap is showing you in the phenomena out there within the marketplace that bookmap allows for pretty pretty unique transparency to see and this is what we go through in detail in the advanced webinar series all right so you can also access our educational course and the recorded webinars for platform details they're all here as well you can see the one from yesterday right here okay we also offered a sneak peek on Thursday and Friday last week to the advanced webinars and so those recordings are available for you as well okay all right let's move on okay and then let's get into into bookmap okay and let's see well let's see what's moving here first these summer months there hasn't been a lot of movement in the ES now we had the Joltz job review report and we can see the ES is doing pretty well NASDAQ is is lagging on this to be honest we have OPEC meetings and oil we've been following that but today let's actually you know I kind of kind of like the ES we'll take a look at that and we just see a big drop here in the currencies and gold as well so we can take a look at some of those thinner markets too but we'll start with the ES because this is this is trending pretty nicely all right so let's take a look here okay all right so this is bookmap and we're gonna go through the basics okay since there are some some new guys in here well let's let's let's just go through what bookmap is showing you because I know this looks like a lot of a lot of data and a lot of confusion it's actually very very simple and a very clear objective view of the marketplace and I'll show you how how it's displayed okay we're gonna start and we're gonna just take off layers of information here okay and we're just gonna look at candlestick chart because most of us we can start here we understand it and let's look at a five-minute candlestick chart okay all right so open high low close every single five minutes here and you can see between each vertical dotted line is 15 minutes and then we see three candles within each period okay and here's our 930 open we can see the volume pickup we have a volume sub chart here as you can see and then initial move to the downside and then we can see that we've broken above the range here and accepted and we continue to the upside all right so you know the candlesticks you can start to read you know the wicks and the color of the body and the length of the body or length of the complete candle and start to you know understand some of the order flow and that's good you know it but there's so much information that is lacking here and I'll show you exactly why I'm very curious about this area here at 2475 we'll take a look in book map and I'll show you so the the problem here that candlestick chart doesn't show you is it doesn't show you where the volume is trading we have no clue you know we we can see that in the sub chart there's a lot of volume down in this area here at the open there usually is and then and then we see it kind of taper off and then it starts to extend in some of these areas here but we have no idea what type of volume it was where it took place on this five minute period and how much exactly so that's a very very important information here and it's completely lacking in the candlestick chart okay and we have also no clue of the the historical best bid and offer where they were they bidding for this instrument where they offering where do they want to be sellers where they lined up okay so let's start by adding on just the best bid and offer okay and let's zoom into an area here so you can click on this hand tool hover over an area and you can zoom in really quickly with your center mouse wheel okay you don't need to use the the magnifying zoom in and zoom out icons here in the toolbar so just looking at the the best bid and offer we're already starting to see some some interesting stuff okay not as interesting as it has been the last few days but here we can see a little bit we can start to see some of this microstructure here okay and that's completely lacking in the candlestick chart okay we just we just see the open high low close of the period and we don't understand that you know there was initial actually initial move to the upside here and then and then we see a microstructure here okay and then we see a break of it here right and and then we see the sideways can consolidation again and then another break of that structure here okay it's actually another smaller structure within here as well okay so we're already starting to get more insight to the price action that the candlestick is not allowing us so let's now add the volume dots on okay and that now we have a much better insight to what's going on let me bring down the dot size of it okay okay so now we have a very good understanding of exactly what kind of a volume took place and where within those this these five minute periods okay so let's just zoom into this area here alright and very interesting to see we can see the here's our initial move ups to the upside here and notice the aggressive volume up at this area here okay we're exhausting out there's very little trading up here in fact we can look right at our volume columns here and 222 contracts traded up here okay one tick below that we see almost 5,000 a trade within this area right here just right here that's all it's recording is this chart range okay and you can see that's significantly more so we're basically exhausting out here and we rotate lower right and note that the the color and the size of the volume dots here what book map is showing you is the the aggressor classification on the historical best bid and offer okay so let me let me zoom into this dot here and I'll show you now you can see that this is a pie display here there is so much volume that took place here that we're just giving you the overall Delta of that volume and it's about 50 50 in this case okay a little more selling than than buying okay this one down here is about you know a little maybe less than two-thirds selling compared to buying now if you you can see obviously this is a graphical representation of the volume and the reference here of the size of the dot is in reference to the rest of the dots here okay but for you guys that I want a little bit more than just the graphical representation you can use the tool tip and hover over here these dots and what you get is the date the exact time and down to millisecond level and then we have what was on the ask at this price level and the volume at that price level okay so this dot represents here over 3,800 contracts that that traded okay now watch as I zoom into this dot though okay note how we break apart all of this data okay and now we're getting a much cleaner or a very very objective view of what occurred here and as I continue to zoom in we continue to break apart all of these little dots or larger dots and you can see exactly what traded here okay now you can see that we're down here at microsecond level okay so we're talking millions of seconds here okay and you can see that very clearly this is algorithmic activity okay look at these little tranches of trades here okay and this is an algo that's firing off three at a time pausing three at a time pausing etc okay now what we're looking at here in this chart is the historical bid which is the green line and the historical offer which is the red line right you can see that nothing traded up here there's no green dots which would be a market buy order on the on the best offer okay instead we see a lot of selling hitting the bid here and taking liquidity off of the best bid so a red dot is an aggressive market sell okay green dot will be an aggressive market buy so we use that aggressor classification of volume all right okay and you can start to see some of the pie displays here already that are giving you the overall shape and understanding of what occurred as we start to zoom back out okay so you can see that we're recording every single event but we're also giving you the overall shape and in Delta of the exact trading activity okay so now as we zoom out and we look again at back at our five-minute candlestick chart we can see that a lot of aggressive selling took place down here okay and now this is going to be trapped volume right because look how we retest here and look at the selling down here okay in fact we can zoom right in there and then we can put this within our chart range and I can tell you exactly what traded here 142 contracts traded right in this area here okay you can roll over each dot and it will tell you exactly what traded as well all right okay so we're basically we saw the exhaustion on this side here and now it's technically not exhaustion that would exhaustion would be complete lack of aggressor volume okay but comparatively here we're not seeing a lot of selling okay one take above we're seeing a lot more buying and selling okay so we don't even come back down and retest this area this is as far as we get and then the market goes to the upside okay and you can start to see the aggressive buying starting to come in and pulling price up okay so there's a lot going on here and we're just studying volume right now this is a lot like a footprint chart except that the footprint chart has a problem as well and that problem is that it is time-based and it or it might be a candle rotation based okay and that problem is to define it is that it's going to aggregate this data you're not going to be able to zoom in and not you probably won't see this retest for example right because this is within the five-minute period okay so that's an advantage that bookmap will give you compared to the the problem that exists with a footprint chart okay you're not going to see this retest here okay it's going to be in the aggregation of that five-minute period all right so now so now we've got insight to the traded volume which is great you know for a lot of traders that's that's enough but I want to show you the next step here and the next layer of data okay and that is we're going to look at the dome here okay now this this is the dome and the columns here in bookmap there are many different data types of columns here you can right-click in these columns and you can see all the different data types that are available okay so this is a format for the column and and there's some other options here for depending on what column it is but then the data types that we have here we have the current order book which is the dome okay and then we have the volume column the trades counter column quotes counter quotes delta a notes column okay that can be online notes from the cloud or custom notes that you just put in to bookmap here we also have a time and sales column now you can also insert a new column here or hide a column okay alright so now the dome or the C O B column we have two of them here one if I click here and I choose format the column you can see that I have it as numbers only here okay now I can show it as bars or bars and numbers and I can split it out and inverse the split etc now for this column I like just looking at the the numbers okay and then I like making another current order book column just to the right of it now this is my setup and it's up to you you might prefer something else so I like having the the actual numeric values here and then a graphical representation in bars only just to the right of it so very quickly I can see high areas of liquidity okay and in a dome that's what you're looking at you're looking at price levels here where traders are lining up to to bid an offer okay and and we can see them here this is our price ladder okay here is our inside market our best bid and offer which is reflected here as well with the dashed lines and this is this is current best bid and offer and this number is the last traded volume okay and then you can see our depth here on the offer and our depth here on the bid down to these white lines all right so and the the dome or the depth of market window here is or column is it's excellent to understand the current configuration of the book and what's going on in the in the auction where people are lined up to trade but as we know they pull and add liquidity as these numbers change all day long and sometimes they radically change right we can just note already at 2480 now we see 2000 are in here okay so there's now the sellers are lining up and getting aggressive they want to sell at this level but what was there before okay and if these guys pull that we don't have we don't have any record of understanding they were here previously right and that's a problem with the dome okay now the way that book map solves that problem is by the heat map and showing the historical evolution of the limit order book okay so they did pull okay as we came up into this area right and now I can start to read right here their behavior as we started to come up toward them okay so in this window here the the the current best bid and offer in the last traded volume is the heat map now when you see the heat map change and get brighter that means there's more liquidity in the limit order book okay so we just saw a flip of the book in fact and I'll cover that but the the liquidity here if it gets darker well then they're pulling liquidity okay nice breakout I wish I would have a bit more time to cover these because I was looking for this breakout but anyway the and I'm looking for that flip of the book as well so we'll we'll I'll get to it in just a minute but anyway the where this gets really interesting is we take these this graphical representation of the liquidity and then we'll transpose it on the chart historically so now we understand a lot more information that solves the issue of the fleeting understanding of the data here in the in the dome because we once those numbers changed it is lost we don't have that data any longer in a dome in book map though you've got the recording of it okay so you can see here that they added into the book and we can use the tool tip again to and it gives us the date the time okay and you can see the time is down to the millisecond and then what was on the ask here and look there was zero contracts here and then all of a sudden they jumped into the book with 1,629 contracts 30 okay so all of the sudden boom into the book and this was back here around 1026 or so okay almost 1027 and then we can see that they're actually added into the book here now they're up to 18 1900 contracts here okay alright so you can start to read the behavior and now you have an understanding of the context of the auction and that's very very insightful okay and and why why is that insightful how is this insightful well let's go over the flip of the book and I'm gonna give you a link to the one of the phenomena called the flip book flipping which is actually a disruptive practice which is illegal depending on how it's defined by CME rule 575 okay so we're showing you you know some of this algorithmic activity that is potentially prohibited okay and this this might be an example of it I'm not going to get in there and try to find it but this is a pretty aggressive flip okay so what do I mean by flip okay well they were here with high liquidity on the offer okay let's zoom in a little bit let's actually zoom in quite a bit okay we can read you can see how the aggressive trading took place here some of it stayed in the book here okay so they wanted to trade and they did trade we can see that because these trades here took place within this area of high liquidity okay so they're staying in the book and getting filled okay and then they actually start to pull as well though we can see 1800 contracts down to 1200 contracts here okay so some of it traded some of it was pulled now the flip occurs here okay so pretty this can trap traders on the wrong side now it depends and that's up for the CME to define but or you know you know the CME or the CFTC they'll need to define it and it's criminal activity but and I'm not saying that this is but the flipping occurs when you see high liquidity here some of it traded some was pulled you see the aggressive buying and then they flip over to the other side with high liquidity here and we can see it right here 1700 and 65 contracts now on the bid very aggressive one tick below the best bid all right so now that's pressing on price and we see more aggressive buying and we see more pressing here on the on the bid okay they're getting very aggressive okay and you can see what occurs when that happens price is now accepting above the breakout area here at 2480 all right so that's just one example of how you can understand the liquidity and its behavior here to give you a lot of transparency and insight to to this move okay so if you're bullish and you're looking for small pullbacks here and and getting getting involved into the market okay because it seems to be accepting above this 2480 now all of that can change but at the moment this looks pretty good okay and that's when we start to get into the more advanced webinars which will start here in in a couple minutes all right so let me go over that flipping and let me show you where you can find out more information about it on our YouTube page here we'll just go to order flow video snippets and it's right here okay flip of the book so it's it's about three minutes long this video and this video will go through it in detail all right Nikki this week this is recorded and there's a webinar in just one more minute so if you are currently in trial or a book map user then I'll see you over there okay let's see JP how does your stock data feed deal with dark pool data is coming from NASDAQ total view and NASDAQ last trade all right so in terms of the liquidity yeah so you're right so I mean that's that's where we're getting our data and we're plotting it okay but we are working on that as well I know development is is working on looking for for dark pool data in the equities okay and and they're they're coming up with some some special algorithms for that you know to give give that transparency to it all right okay guys well then thanks for coming and we will do it again tomorrow at at 1030 okay thanks bye bye