 Okay, this is Bruce at BookMap and we're going to go through the BookMap platform details here in this webinar. Okay, risk disclaimer, trading, equities and futures involves substantial risk of loss and is not suitable for all investors, past performance is not indicative of future results. For more information on BookMap, go to bookmap.com and there's a 14-day free trial. This will not only allow you access to BookMap, but it also gives you access to a lot of our content. Okay, so for example, we have the advanced order flow webinars in about a half hour, okay, at 11 a.m. Eastern time and there's an educational course as well and some other resources. So those will be available for current customers and you can always reach out to us at support at bookmap.com. All right, so let me show you where you can find BookMap, okay, so bookmap.com, click on explore here and there's some intro videos if you're new here. Maybe watch these, they're very short and then there's just information on what BookMap is, the platform, the benefits, et cetera. You can see our partners here and then there's BookMap for equities here as well and if you guys have questions about that, let me know. I can show you several equities that I have already here in BookMap and show you what's going on there. We use the NASDAQ TotalView, which is an excellent data feed, okay, connectivity. So we are a platform, we are not a data provider. You will need to connect BookMap to your data provider or broker and these are the methods for connecting, all right. A little bit further down, the pricing page here, okay, so we have the basic, advanced and quant, okay, so in general, there's just one version of BookMap, the BookMap basic. It's 49 per month, it's billed quarterly and you get that 14-day trial period, okay. Now for add-on features, that would be the advanced version or the advanced offering and one of them is the ability to trade right from the chart, okay. And then there are others as well. These are proprietary indicators that we developed that show something unique in the order flow that is available in the advanced offering here. And then for those of you who are quant connecting to your own data, displaying your own proprietary indicators and your order queue estimation or API, you're going to need the quant features so you can reach out to us here by just clicking on learn more, okay. All right, you can follow us here on Twitter and you can also subscribe to our YouTube page. So let me show you this page here. So if you're new, where to begin consuming some of the content, I would recommend first, we'll watch this little intro video here, and then some of the features and components. Maybe you just start with the BookMap 6.0 overview or you can click here on the features and components playlist and you can look at all of the different features that are here in BookMap, all right. So you get an understanding of what BookMap is as a platform, okay. Order flow video snippets. This would be the next step. Once you understand how to use the platform, what does it show you and how to utilize it within your trading. These are the videos to watch here. They're very concise, they're very short. Let's go through order flow phenomena that is very easily and readily uncovered in BookMap, okay. So for example, absorption, exhaustion, flipping of the order book, these types of things, you know, I would encourage you to watch some of these videos and this is the kind of content that we go through in the advanced webinars, okay. But we go through them in detail and we see them day in and day out, all right. There's also a pro trader webinar series that we had, if you want to watch some of these webinars how pro traders are using BookMap and you want some insight to some of those advanced order flow webinars, you can watch them here, okay. All right, let's jump in and let's look at BookMap. Let's see what's moving here today. You know, looking at the NAS, we've been looking at the NASAC last few days. You can see oil's coming up to an area up here of interest and gold, that's the 6E, okay. Gold as well. I mean, gold is trending on the upside. Let's see, maybe we'll go with oil and take a look here today at oil, all right. Crude and let's zoom out of here a little bit in the NASDAQ and just to make sure here. I mean, we can see the 930 open, a pretty sharp move to the downside here, or initial move up and then move to the downside. How does that fit in the bigger picture here? Okay, nice, nice little run below this area here and what's that crude look like? Yeah, all right, well, we'll stick with crude then. All right, well, so for those of you who are new here to BookMap, and there are quite a few new traders in here, so we're going to go through what BookMap is and what it's showing you because I imagine you're looking at this and thinking like this looks like something very foreign that you've never seen before, okay. I'm going to show you that it's actually really simple data and this is not an indicator. It's not some derivative of time, price, or volume. Now, we do have an indicator sub-panel down here, but I'm going to close that up and we're just going to go through the basics here. Understand what BookMap is showing you and in general I'm going to show you that this here is a very clear and objective view of what's going on in the marketplace, all right. And I'm going to have to bring up some of these settings here for the heat map, all right. So, and so, as I get into that, basically what we're showing you here, we're showing you the historical best bid and offer, where the volume traded, the volume dots here, and then we're also showing you the historical view of the dome, okay. This is the current dome over here, as you can see in the COB column right here, okay. But we take this data and we project it on the chart historically, so you can see where people are bidding and offering historically and it gives a lot of insight, okay. That's it. That's all we're showing, just these three things, okay. So very, very objective and very, very simple, even though this looks very complex, it's really not. So let's get into exactly what we're showing here, okay, and let me describe this. And I'm going to turn off all of these layers of data, okay. And here we're looking at a five-minute candlestick chart. Now we all are accustomed to looking at a candlestick chart, okay. So you can see here at nine o'clock, this is when the crude opened, and you can see the nice move to the upside here in the cash session, and so far we've been holding up here. So we can read the open, high, low, close of each candle and start to gain an understanding of buyers and sellers and where volume may have traded, but we don't know, right. And that's a problem because we can see here that all we have in the candlestick is open, high, low, close of this five-minute period, okay. And we're just kind of reaching here to understand, well, what happened in this area? What kind of volume traded here? Was it aggressive buyers? Where did they trade? And how much did they trade? You know, we have a volume sub-chart down here, okay, and this is good, that tells us a little bit more. We know that there is a volume spike here, but that's it. We can't answer those other questions, and that's an issue. We're trying to make as best as we can insightful financial trading decisions here, and this is very limited data, okay. We're going to, I'm going to show you here that we're going to look at a lot more transparency and understand exactly what's going on in some of these areas and make much more informed trading decisions, okay. So that's the candlestick. Let's just turn on best bid and offer, okay, historical best bid and offer, and that's it. That's all we're looking at here is the candlesticks and historical best bid and offer. Now just that one layer of data is already showing me quite a bit, all right. I can understand microstructural areas within these candlesticks, so, you know, the price movement and the structure and the break of the structure, okay. Like this move here to the upside, you know, we see the big candle here, okay, and the quick move to the upside, but that move actually started here, okay, in the microstructure. So you have that insight here. In fact, it started here on the breakout. It came up and it came back and retested where it broke from here, and the buyers came in and just, you know, they lifted the offer pretty quickly, okay. So this is the kind of structure that gives us this insight, and we're going to show you though, or I'm going to show you here where these trades actually took place and the commitment of the traders, okay. So let's turn on the volume now, okay. Volume dots are a little too big here, so let me come to the volume dots and let's bring down the size a little bit. Now it looks a lot better, okay. So now I have the historical best bid and offer, okay, and I have the volume dots, okay. So let's zoom into this little area right here, and I'm just going to click on this move tool, the hand, I'm going to hover over this area, and then I'm going to zoom in really quickly with my center mouse wheel, okay. So here's where that move took place, okay. This is really the insight right here, and we can see the aggressive bind lifting the offer up into a new structural area, okay. So now before I get into that and the retest back here and the kind of exhaustion in this area here, I want to first cover what the volume is here in Bookmap and what you're looking at. So we're going to zoom into this area here very quickly, and you can see the red line here and the green line. This is your historical best offer, and this is your historical best bid, the green line, okay. Now the dots that took place here, okay. These are the aggressive market buy and sell orders, and why do we consider them aggressive? Aggressor classification of volume is because they crossed the spread they wanted into the market and they took liquidity off of the best offer. They hit the market buy button and a dot paints here on the best offer, okay. So these are individual trades, okay. And you can, I can already see here, look at how the spacing and the, and this is, we're looking at, you know, 30 seconds of data between each vertical dotted line here, but you can already see some algorithmic activity here, just by the, one algo is taking a couple of trades, another couple of trades, and then another couple of trades, et cetera, okay. So yeah, it's, it's just by reading the spacing here, you can start to understand some of the algorithmic activity in the trading. And let's continue to zoom in here, all right. So I'll hover on this dot here and continue to zoom in, all right. So we're going to see that this dot here is actually several little trades that took place, okay. We're now down at the microsecond level, so millions of seconds, all right. We can continue to zoom in and we can look down at the nanosecond level here, okay. Now we're looking, you can see in the timeline here, we're looking at billions of seconds. I know exactly what traded here, when it took place and for how much. You can use this tool here, the data tip tool, hover over here. This was one individual trade for 14 contracts, okay. I have the date, the time, what was on the ask, okay. So the liquidity here was 101 contracts that's showing up here in the dome as well, okay. And I also know the volume and the price level. So at 50, 52, 101 was on the ask and this was for a volume of 14, okay. Now if you're trading now algorithmically or with automated strategies, you know maybe this can be really insightful and understanding to see where you got filled. But most of us are not trading off of these time frames. So what's the point? What's the reason? All right. I just want to show you that because we came from this environment and this visualization tool was actually developed to show where our automated strategies, the algos we were developing, where they were getting filled and how. And then book map developed into a software platform from that, okay. Now as I zoom back out, notice how all of these individual trades here, okay, aggressive market buys, I'm going to compress this timeline down here as I zoom out and it becomes a bigger dot, okay. So I have the overall shape of this volume aggregated visually for me, okay. Just visually and graphically. All the data is still here. We can zoom right back in and we can pull apart every single trade activity here, okay. It's all recorded in book map, okay. We have a very powerful complex event processor that can handle millions of data points, all right. So anyway, that's what you're looking at with the volume. And then that's the aggressive buying and then here's the aggressive selling. Now note some of these other pie chart displays of the volume, okay. This is the overall delta of the volume at these areas. Again we can use the data tip tool hover over and I can see that this was for a volume of 240, okay. Why is it a pie display is because there's so much activity here that we've compressed the timeline with both buys and sells and we're giving you the overall shape of that volume, all right. So you can see exactly what traded. You have the understanding that there's more buying up here than there is selling, okay. All right. So that's the volume and the, yeah, I mean look at how this candlestick here basically gives you some misinformation. We see the move to the upside here and then you get a wick on this candle. I mean, but this is exactly what we look at in the advanced webinars. You see the aggressive buying, lifting the offer, sweeping the book higher into these areas up here, outside of this micro range, okay, and it comes back and you see very little selling here. There are some, but it's not that extensive and then you see that the buyers start to come back in here and then here they sweep the book, okay, and we see the move to the upside, all right. So that's what we're looking at in terms of volume. Now that's an important part of order flow and, you know, your footprint charts, volume profile guys, looking at, you know, all sorts of traded volume, it's important. What is good with book map in its visual display here is that micro structure, okay. So you're going to miss this in your footprint chart. You're not going to see, you know, it's going to aggregate back and forth within a time period and you're not going to see these micro structural areas here, okay, because we have the best bid and offer and we can show everything in that structure. It's not the aggregation of it, all right. So anyway, the understanding, the volume is important, but what about the other side of order flow and the market? We want to know the participants, okay, where they lined up in this auction and it is an auction. Each market here is an auction. We're using a lot of the auction market theory here as well, okay. We can see here at 5070, there's 320 contracts here, quite a bit. 5075, there's 339. It's probably the same guy, you know, spread out five cents here, but that's providing a lot of that liquidity. But, you know, anyway, that's just, you know, a hypothesis there. So, but that's important data. We want to know that, all right. Now, and this current view of the limit order book here is giving us some pretty good data, okay. We can see that there's 200 contracts here, very aggressively placed here, just below the best bid, okay. So, you know, maybe a bit of a skew in the book there. And we'll see if they just got filled or not. But we're gaining some insight to the market and the intent of these participants providing liquidity. Do they really want to trade or are they just going to pull their liquidity as price comes there and decide not to trade, okay. Well, that kind of insight is rather difficult to get from the current order book because these numbers change, the liquidity changes. And once it updates, that previous data is lost, okay. So, that's the problem with the limit order book, the dome, okay. Where book map solves that problem is with the heat map, okay. And the heat map here, what we do in this window here, which is also the current order book, okay, best bid and offer right here currently. And this is the last traded volume right here. And what we do in this window here is we take those areas of high liquidity and we turn it into a heat map, right. So, you can see 50-70 here, over 300 contracts is very bright, okay. It's a little too bright here for me and we can just adjust that heat map to get a little more insight here, okay. So, 171, see it's a little darker here, it's still high liquidity, but it's darker compared to 50-70, okay. So, we have an understanding here in this current market window. When these numbers change, the heat map changes, all right. You can see them adding and pulling right here at 66, okay. Now, where this gets interesting is we take this data here and it's recorded and projected onto the chart historically, okay. So, what we're looking at here with this, look at these striations here in the liquidity, okay, right here at this 66 level. This is the adding and pulling of liquidity, right. So, price is coming up and now these guys really want to trade or not. And I would bet no, because they continue to add and pull here. As price moves away, they add it back in, as price comes back up, they pull it, okay. So, probably up here, they have, you know, we'll see if we get up here, if they have the intent to trade. But we can start to gauge now that these guys here at 66, you know, they're probably going to pull. So, we know that just by this kind of, you know, looking at this behavior here of this level in price, that the players at this level don't have a lot of intent to trade, okay. They have some, but they're also pulling a lot of it, all right. Now, we'll see if we come up here and test it and if they completely pull, all right. But we have all of this data. So, we're able to make use of their intent at this area, okay. So, we can make a distinction between what's real and what's not in terms of liquidity, all right. And that gives a lot of insight here, because now we can start to understand where the larger traders are providing liquidity and have the intent to trade, okay. So, for example, look at this trending market to the upside. We continue to trade into high liquidity at higher areas. That's very indicative of a trending market. And then on these pullbacks, actually, you do see some support here at 5040, okay. Now, we're just breaking out here, okay. And we can, let's go back and answer that question, all right. So, did these guys have the intent to trade? Actually, they did. I'm kind of surprised. 167 contracts traded right here, and they remained in the book with 227, okay, on the offer, okay. So, kind of interesting to see. So, it looks like, you know, they kept on adding and pulling, but in the end, you know, we see the transaction, okay. It's all here. We know they absorb price up at this level, okay. They are now short. The buyers took these guys on, and they actually traded through, okay. They lifted the offer through this area. They swept the book. They took all of the liquidity up into these other areas here. Look at them jump on the other side here, on the bid now, okay. And then they actually pull here, okay. Now, we're at a new trading level, okay. We're above this 65 area right here. It's actually, the breakout here actually took place around 66. But, and we're trading above it, okay. Are we going to accept or reject above this area, okay. Well, if we're going to accept, I'm looking for a little bit stronger breakout. I'm looking for more buyers to start to show up and lift the offer again. I'm seeing some selling coming in now, okay. I'm seeing some selling here as well. And up in this area here, I don't see a lot of buying, all right. So, based on this, and based on the strength of this move, there's the possibility now for this to maybe come back down and test into this area around 50, 60 or so, all right. Okay, just by understanding the order flow, the traders and their intent to trade at these levels. If they really wanted to buy and continue to support price above this 66 level, we'll see them flip in the book here and they're going to provide high liquidity up at this area here, okay. Around this 65 or 64 area, okay. And they're starting to, I mean, we can see a little bit of activity here, but it's not that extensive, okay. What about on the offer? How are they behaving? Okay, they're back in here at 70, right. Now, are they being aggressive? Are they lowering the offer? Do we see other traders front running them around this 70 level or not? And now it looks like they're just kind of staying here, okay. So, you know, if the market rotates back up, it's gonna find the liquidity here at 50, 70. And we just retested that area, okay. And let's bring down the white cutoff a little bit and get a little more insight here, okay. These guys are staying in the book. I mean, they're adding and pulling too, but you can see last second they're kind of pulling, but they're also interested in trading up here at 70, all right. Now, let's look at some of the transactions that took place, okay. Well, that's what we were doing earlier. I'm seeing some, this is a little different picture now. The retest up here was we didn't see a lot of buyers. I'm starting to see buyers step in here up at this level though, okay. So maybe they'll trade through these guys and take them on now. Okay, it's a different picture than it was, just a minute or two ago, okay. And here they come, here come their aggressive buyers, okay. Trading through 70, okay. High liquidity now here at 72 and then 75 here up above. All right, any questions? I've got a good group in here today and newer traders, welcome. This is just the basics here. There's all sorts of things to dive into in terms of the platform itself, okay. Trading into 72, now we're looking at 75, okay. And now we're starting to see a flip of the book a bit here, you know, providing higher liquidity underneath, okay. As we continue to lift the offer up and they're trading through these guys, right. Right up in through these areas here, okay. All right, okay. Well, we noticed that behavior change here, okay. It happened here, okay. Originally it didn't look so good in this area here. And I thought it looked like we had the potential and I saw the selling here and I saw some selling in here that we had the potential to come down and maybe test 60. But that all changed right here, okay. And it looked pretty good. They were testing into these guys and then this surely gave the insight here as soon as you see them take them on here and lots of volume trading at the higher area here than previously, okay. And they continue to lift the offer, right. Anyway, that's what Bookmap is showing you and I better jump to the next webinar and we'll see you there, okay. All right, thanks guys. We'll see you tomorrow.