 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities in futures involves with central risk of loss and Is not suitable for all investors past performance is not necessarily indicative of future results I'll need to update this here soon because trading equities and futures and Cryptocurrencies will be included in the next release of bookmap and that will come out in mid-January and Crypto or Bitcoin is up at 15,000 or 16,000 something like that this morning. So The CBOE as well as a CME is going to be I think CBOE is today or tomorrow that they they offer access to trading but Yeah, I want to let you guys know about that the We have a really excellent connection to the Cryptocurrencies and that is something unique. Okay, it's gonna offer a lot of flexibility Wow, almost 17,000 Wow, thanks Robert. Okay. Yeah, amazing. I mean just amazing. So anyway I Can't wait to start to trade that with using bookmap because the visualization is You know, we're gonna really be able to utilize that and understand what's going on and I'll capture maybe a few hundred dollars in a in a very short you know, probably one minute move or or less and Anyway, let's let's move on and get into the platform details webinar here. So the Bookmap if you have more questions about it, you can find it at bookmap.com More information and there's a free trial. Okay, and It's 14 days and it comes with education you get access to the bookmap educational course and Then these advanced order flow webinars. So let me make a distinction between this webinar and the Webinar that will start in about a half an hour. Okay, that's the advanced order flow webinars, right? so this webinar is open to the public and To ask questions to understand what you're looking at in bookmap and then Just go over the basics Because this is a unique software a lot of people haven't seen data visualize market data visualize like this So we go through the basics and answer any questions Most of our Clients that our current customers or in trial they've gotten beyond that point. So we really dig deep into The order flow immediately. Okay, so that's the distinction between the two webinars and that's what you get with The trial or if you're currently subscribing Okay, if you have any questions, you can reach out to us at support at bookmap.com Let's see Enrique you have a few questions Is it really live looks like a playback? I don't know what you're talking about if you're talking about Bookmap here or if you're talking about something else Anyway Okay, you're testing me to see if this is live right now got it. All right interesting Okay, so let's let's take a look here at the bookmap website so Answer some questions for you guys just what bookmap is and what we're offering here Okay, so there's an intro video that'll give you some information. There's the About bookmap sessions sections here and then Some of the data feeds here one of them is we we connect to NASDAQ total view via dev experts This is a great data feed and it allows you access to all US equities. Okay, so bookmap is not just for futures and the Connectivity is the list is all here. Okay, bookmap is a software platform. We we are not a data provider You will need a data provider Okay, these are the ways that you can connect bookmap right now You can see you can also connect via ninja trader TTX trader pro and interactive traders workstation via the API Okay, however bookmap is a trading platform just like these these platforms here So you just input your credentials for your data feed or your broker to your account and you're up and running using CQG rhythmic gain IQ feed, etc. All right Okay, here's where you can find the free trial it's 49 per month for the basic and 99 per month for the advanced it is build quarterly It's free for 14 days though And the difference between these two versions are mostly right here Okay, the ability to trade right from the chart with bookmap these proprietary indicators that we put together that not only start to identify and visualize the order flow, but the players involve larger players holding large large lots or Entering with iceberg orders Okay, order book and balances and a correlation tracker as well And there's one click trading right from the chart is Really nice feature because we've got the heat map in front of us. So why not use it? And front run some of that high liquidity if you want to get filled And hide your stops behind it For trade management. So you you're protected a little bit better Okay, quants you can reach out to us. You have you'll you'll have your specific needs Connecting your own data on indicators, etc. So just reach out to us, please Social media you can follow us on Twitter at bookmap underscore pro Okay, and then Subscribe to our YouTube page here all these different videos. There are several so start with the playlist here of bookmap intro And then features and components to understand the interface of bookmap and then these order flow video snippets This is where you're going to start to understand what you're looking at in bookmap and the order flow Okay, so we go through this in detail in the advanced webinars These videos here are much shorter. There's just a few minutes long But this is just going over the concepts of What we look at in detail in the advanced webinars All right, let's jump into bookmap and see what's going on Okay All right, let's see All right, so since I mean we do this every day And it's because there's a lot of new traders in here. So what is it? You're looking at here. All right, so We'll go through this. There's a lot of you that You know visualizing bookmap or the market here via bookmap Might look really foreign to you and it might look very complex. It's actually the opposite is very simple data and We do have like an indicator sub panel down here But I'm going to even close that up and we're just going to look at the main Historical chart for the moment. So what are we looking at? Just three items. We're looking at historical best bid and offer the volume dots that traded the volume that traded on the best bid and offer and Then we're looking at this grayscale heat map Which is showing you the the order book. Okay, so the dome All of the all of the data from from the dome is recorded and then projected onto the chart So that's it. That's all you're looking at. Okay, so what we can understand though and Gain insight to the behavior of that auction Okay, because look at look at this sixty three twenty area here. Look at them bidding it up Okay, this is a breakout of this area here nice nice strong breakout here to the upside and Look at this. Look at them supporting price here at sixty three twenty. They want to be buyers up here now That's pretty bullish and we can see the play out of it and we're approaching the big target area here of 33 Okay, so not only do we have understanding of how bullish they are in that auction by looking at the heat map But we can also start to target areas look how long these guys have been in here up at 33 Okay, long time. So what this is the target for the larger players Anyway, let's get into just this The the very basics of what you're looking at here and let me demo this and then I'll get into the Some of the order flow that's going on right now Okay, and I'm going to turn off all of these indicators and well, some of the proprietary indicators and The heat map and the volume and historical best bid and offer So this is a basic chart that we're all accustomed to looking at. It's a five-minute candlestick chart It's open high low close of a five-minute period okay, we have a volume sub chart here and What I want to cover is the opacity that this Candlestick chart is giving us we there's so much information here. We just do not see That is critical to making insightful trading decisions Okay, we just see open high low close of a period and that period is all aggregated Okay, within that five-minute bar We have no clue where the volume traded for example. We have no clue about microstructure that occurred within these periods that microstructure is key to understanding Areas that are broken and and then getting in early looking for continuation After that break of the microstructure Okay, it gives a lot of insight here and it's all Very Well, it's all aggregated so we cannot see what's going on here in those structures Okay, so let's just turn on historical best bid and offer and Here we go. Okay, so we can start to understand areas of Microstructure for example down here Okay, this is a double bottom from today in the NASDAQ of course, but this is what occurred And let me zoom into this area Okay, we can just click on this move tool hover over here and zoom in quickly All right, so we continued on in a downtrend here All right, and we we made a lower low in this area here okay, and There was a lot of trading down here And then what we're going to see though is that buyer stepped in okay And where did they step in we're going to see it probably in this area here because we broke this microstructure Okay, and we come we came back into the range here and traded back into it All right, this is going to be trapped volume It's probably going to cover on the other side over here of this Swing or this kind of structure up here. Okay, we'll probably see a lot of a lot of volume right in this area here I imagine right, so We'll keep an eye out for it and I'll turn on the volume in just a moment, but understanding these microstructural areas Are key look at the pullback here. Okay, this is this is also missing in this candlestick The the there's a pullback right to where we broke from here at this 6295 area Okay, and it rejected and came back up to the upside All right This is one of the setups. We actually look for in the advanced order flow webinars If we see the break we look for a pullback to where it broke from and we look for getting in and looking for a continuation All right, we look for points of exhaustion and we look for the aggressor here to be dominating on the With the aggressive market buy orders, so let's take that microstructure now and let's place some volume on it All right Well, here's our significant buying that we were starting to look for okay that occurred and drove the market up to some of these levels Here's our pullback here And then here's nice cluster of volume here and we start to see buyers really start to step in Yeah here they did for sure but then You see them here as well and then up in this area here, so we're off to the upside in trend continuation All right, all of this information here is Completely lacking in this candlestick chart. Okay, and if if you're looking at a Candlestick chart with indicators to try to gain in insight with some sort of indicator that Gives you a derivative of time price and volume well, it is possible that that indicator is Not going to give you a really clear picture of what's going on here really with with price and where traders are engaged, okay, because we know here that We see initiated buying pulling this market up We know that there are buyers here. We come back and retest those buyers here and Actually see some selling here, which is kind of it's rare to be honest We don't usually on these pullbacks you have exhaustion on the on the sell side and and you you will see the Market kind of come back up into the range here, and then you see the buyers just like this Pull pull up the market to a new high. Okay, so this this is in line with what we usually see In the structure again microstructure here broken. Okay, let me outline this Broken right here at 6,300 the figure. Okay, obviously an important area We we break up above it come back and retest where we broke from And then we don't see a lot of selling here And then we continue to the upside a bit big battle actually going on here We can see sell a lot of selling in this area and and and some buying as well But these guys are getting stopped out on the way up anyway so What happened within this five-minute period here? We have all of the clues here, and we know exactly what what occurred here. Okay, we see the microstructure from the previous Session five-minute session. We see that was broken. We see the retest here. This is a great entry point looking for At least a retest back up to the highs here, and then you could have even re-entered back in this area here Okay, all sorts of things to go through. I mean this is what we go through in detail in the advanced order flow webinar, but we're just showing you the basics of the The volume and that historical best bid and offer. Okay, and how much insight we're getting from it compared to this candlestick chart Okay All right, so To simplify this, okay, I think I can take the candlestick off at this point and to simplify this though, let me zoom in here and Because all of this volume and volume dots, etc. What is it? We're really looking at okay, and this is why I Started off just describing that what we're looking at is very very simple data Okay, let me actually find something that doesn't have a spread widen out something a little simpler Just to make the point Yeah, maybe in here. Okay. Well the spread is kind of widening out even in here, but all we're looking at here is Historical best offer the red line historical best bid is the green line. That's it Okay spread widened here another tick. It's usually a tick wide Very frequently, but you can see it widen out in some of these areas to two ticks Okay And then we're looking at these volume dots here. Okay. These are transactions that took place on the historical best bid and offer Okay, we use the aggressor classification of volume So looking at the red line here We can see the green dot. What is this green dot? This is an aggressive market buy Someone hit the market buy button. They cross the spread They paid up for it and they took liquidity off of the best offer. Okay, they did not provide liquidity Okay, the limit orders in the limit order book over here These are traders lined up at specific areas providing liquidity in the market on the offer and then on here on the bid Okay, the aggressor though, they're taking liquidity Okay, so here's an aggressive sell right here. Okay, so that's the red dot So that's what you're looking at and we can look at the specifics We can even zoom in to these levels and we can use this data tip tool So note here that if I hover over this area the data tip tool gives me the date the time The time is actually down to the millisecond here or Actually nanosecond looks like This is zoom in let's zoom in a little bit more. Okay, because I want to show you that Notice how I zoom in here and actually what we've recorded is And we're down here at microsecond level. So we're looking at millions of seconds and What we're showing here is there's actually three different trade events that took place Okay, and they happen very quickly and we can continue to zoom in here and we can look at billions of seconds Okay, and this is what really occurred here. Okay, this is one trade for volume of two Okay, I know exactly what traded here. All right, so Our complex event processor can handle all of these data points and give it to you give it to you so What what happened really quickly here was three trade events one for one volume volume of one one for volume of two And another one for volume of one Okay, so four trades all together and Our sort volume of four all together for three trades Okay, but notice how as I zoom back out What we've done in the interface here is we Consolidated that into a bigger dot and we're just showing you the overall Aggregation just just graphically though. Okay, it's all here all that data is here But we don't trade at those levels. So it doesn't really help us to see all those Events so as I zoom back out you're going to note how I compress the timeline And then that that'll turn into a bigger bigger dot. Okay, so this big Green dot over here. This is for volume of 31 Okay, this one here. Look at this one that it gives a pie display. Okay, so this was for 131 contracts But the majority of it was aggressive selling. Okay a sliver of it here was was buying Okay, so that's what occurred here and But I can zoom in here and I'll pull apart all that trade activity and this is really what occurred here Okay, we see a sweep of the book Lower look at how the aggressor came in here and took all the liquidity down Several ticks and then we kind of went sideways here for a bit Okay, sweep of the book is something we go through in detail in the bookmap educational course It's usually how the market moves to new levels on on micro structural time frames as well as macro All right sweep of the book here for example Okay, and and we move to a new level in this one All right. Anyway, that's just the aggressive volume Okay, so we're looking at only two things here on this chart and I think I can get rid of the drawings here I made my point with this structure So we're just looking at volume and historical best bid and offer. That's it Okay, very simple view of the market, but very insightful okay more insightful than a footprint chart which And the reason being is if you're looking at your footprint chart, which shows you exactly where the volume traded But it aggregates it Okay, you're not going to see the micro structures You're not going to see them broken like you will here in book map And that's the means the insight that book map will give you All right, so that's an important part of the order flow is understanding The the tape okay the tape reading here the transactions that occurred Right, and then we understand it in terms of structure as well but the big problem here is There's another part to the market that we're not getting And this is where the heat map comes in Problem here is that we don't know where they're bidding an offering here Okay, we can we can view that with the dome. Okay, that's usually how we look at it Edson, I see your question here No, you cannot make the the red and green lines thinner there are other things that you can do though for example that we can come up here and Let's see Instead if you want to look at maybe last price, okay And and we can just take off the best bid and offer Right, so that's just last price Or you won't see a spread and etc. All right, or you can even take that off too And just you know now we're just looking at the volume Okay, or you can you can you know come up here and look at last price And then you can you can change the color if you don't if you want to make this like a gray or something like that If this is distracting Okay, I mean there's all sorts of different ways of You know changing the The settings here in book map, right, but let's go over the best bid and offer and And let's go over the heat map now. Okay, so the Let's see another question and Rike Is the training included it with the with the with the feet Yeah, absolutely. The education comes along with with book map Okay, so it's a real nice package. You get not only the 14-day trial and then And then book map But you you get the education as well. Okay It's an important part of Understanding the order flow That's why we offer it Okay, let's see another question here Moment you log into the platform history is already there. Okay no That's a great question and Rike. No the once you open up book map you start collecting data Okay That actually is going to be a new feature In the upcoming new version that will be out in mid-January You will be able to import historical data. Okay, not just trade data, but depth of market data All right, okay You know guys, I think I may usually on Friday we will Send out the link So that you can access the advanced order flow webinar and get a taste of what's going on I think I'll just give it to you guys today And and you can access it today as well because it's gonna start in about three minutes Okay, so let me let me let me get that for you and put it in I'll put it into the chat here for you All right, so if you want to get a taste for what that Advanced order flow webinar is like hold on just a minute and then let me cover this heat map so that Then we can And then we will jump into the next webinar and we'll really get into the details here. Okay? All right, so there's the link that is for the Advanced order flow webinars. Okay, so click on that register there And then you guys will get you'll get access to it for for today and tomorrow actually, okay? So give you guys a taste of what we go over In the advanced order flow webinars. Okay, so let's let's cover this here and then we'll jump into that webinar Now we're looking at historical best bid and offer and we're looking at the Traded volume. That's it. Okay. What about the auction? Where are they bidding and offering? Okay? That is accessed usually in the dome. Okay, this is the dome and book map the current order book column here and the Let's see Cheta to change the color of the text. No The I believe I believe not. Let's take a quick look here under settings color settings Text highlight Yeah, I mean there's timeline and time access. I think that you can you can also change though. Okay? All right so anyway looking at the the order book Okay This is how we access the dome the depth of market. Okay. Here's here's your best bid and offer right here This is your depth on the offer your depth on the bid. Hey, it's the same in this window here This is best bid and offer and last traded volume. Hey, here's and this is our price ladder. Okay? Depth of market is really insightful. It gives us understanding of where traders are lined up to trade Okay, you can see them up here at 62 and 60 or I'm sorry 32 and 33 with high liquidity They're down here At 24 and 3 quarters with high liquidity on the bid Okay, so it gives us an understanding of where traders are lining up to trade which is very insightful The problem is as you can see this these numbers are changing constantly Once they change that data is lost. You're gonna have to memorize the dome Okay, and that's the problem here bookmap solves that issue by recording it in The heat map Okay, so here's our heat map So here in this window here, you'll see the grayscale change when the liquidity changes Okay, so these numbers change the grayscale changes All right, so for the for example these guys up at 33. There's still you know 58 contracts up here But they pulled the there was a you know, sixty sixty six contracts up in this area before 68 And now they're back in Okay, so that adding and pulling is all recorded And we take this data and it's recorded onto the chart We can see the behavior of these traders in this auction note how they had high liquidity here And they pulled it added back in pulled it and then just added back in What this allows us to do is understand these areas over time because we have it all historically now so you're able to now utilize the dome on much higher timeframes and It's all recorded. You can all you can see it all here All right, and combining that with the the tape and the the traded volume Gives us a complete picture of what's going on in the market So to conclude those three items give us a lot of insight. Okay? historical best bid and offer traded volume and then the evolution of the Order book the historical order book All right, so let's end it there and we'll jump into the next webinar and We'll see you there