 Welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures involves substantial risk of loss is not suitable for all investors. Past performance is not necessarily indicative of future results. For more information about bookmap go to bookmap.com. There's a free trial. It's 14 days and it comes with education. You get access to the bookmap educational course. You also get access to the advanced order flow webinars and those start in about a half hour every day. Every weekday. So we look at the live markets there and go through what bookmap is showing you. This webinar we have every day at 1030 is about just showing the basics and getting understanding of what bookmap is. So that's open to everybody. But once you have that understanding, then you won't ask questions regarding that. So you will be answering questions much more about the market and order flow in the advanced webinars. If you have any questions, you can reach out to us at support at bookmap.com. Let's take a quick look at the website and go through it here. Just drop down into the about section. You can see the intro video here is a couple minutes long to get a basic understanding of what bookmap is. And then the about sections just gives you an overview what bookmap is. And then there is bookmap for equities here with the NASDAQ total view. And it's a really great data feed if you are interested in trading equities. But further down connectivity, this is important. This is how you connect bookmap to the live markets. Bookmap is a trading platform and it connects via these different data providers here. Just like you can see here there are some other trading platforms here as well. We are a trading platform just like Ninja or TTX Trader Pro. However, we also connect to Ninja via the API of Ninja from the API of TTX Trader Pro as well as Interactive Brokers Traders Workstation. However, you can connect bookmap just like a regular platform by inputting your credentials for your data feed directly into bookmap. And that's the best way to go. But further down, here's where you can find the free trial. It's 14 days. There's basically just one version of bookmap. It's $49 per month. It's billed quarterly. However, there's different features here that make up these other offerings. For bookmap advance, for example, the ability to trade right from the chart. As well as these proprietary indicators that we put together to help you identify, for example, larger players. The large lot tracker. These are order flow indicators that we've developed and gives you an edge in the market. Iceberg Detector starting to understand where the icebergs are in the marketplace. Some nice indicators there come with the advance package. For quants, and there have been several lately reaching out to us, so you want to learn more, click here. You're going to have to probably want your own connection to your own data, proprietary indicators, etc. If you're not sure which bookmap plan is right for you, you can click here. If you need a data plan, a data provider, there's free trials that are available out there. You can give bookmap a free trial for 14 days as well as click here to give a free trial to some data providers. You can also follow us here on social media at Twitter. Some nice stuff. Look at this image here that was just posted the other day. This is a ignition algo here. What you're looking at here is... Let's just click on this. This is a great image. It looks like it's a NASDAQ futures. You can see that the high liquidity here. Look at how they are skewing the order book very quickly, probably trying to press price up into the orders that are up above here. It looks like it was pretty unsuccessful. In fact, it looks like the sellers took them on here and this guy got filled in this area here. Anyway, interesting stuff there. The YouTube page. You can also subscribe to our YouTube page. You can see all these videos here that we have in our playlists. We have an intro playlist start there. Features and components give you an overview of what bookmap is and then these order flow video snippets, very concise videos that go over what bookmap is uncovering for you. Being able to understand absorption, exhaustion, volume and liquidity in a trend or flip of the order book. These kinds of concepts or phenomena that we see every day in the market and this is the kind of data or information that we go over in detail in the advanced order flow webinars because you see it all the time. Let's jump into bookmap and take it from there. I think I'm just going to look at the NASDAQ today. We had a gap fill in the NASDAQ and some interesting stuff to take a look at. Now, before I jump in here into bookmap and what you're looking at here let's just go over the basics because this looks like it's really complex stuff and it looks like no other chart that we are really accustomed to. It's actually really simple data and there's only three things that we are providing here. One is the historical best bid and offer. The next is the volume that trades on that historical best bid and offer. And then the third component is the order book, a historical view of the order book. I'll get into that in details in a minute but you're looking at where they're offering and bidding historically and the heat map, this grayscale here, that's what we're looking at. That's all there is here to the chart. It offers significant transparency and why is that? Let's start off with candlesticks. I'm going to take everything else off of the chart here and I'm going to show you how candlesticks are very opaque and not giving you much insight here. How book map solves that issue by giving you the insight. For example, just looking at this chart here, we have candlesticks, open high, low close of a five-minute period and we have volume down here in the sub-chart. We know there's pretty significant volume down in this area. That's really all we know. You can read the wicks and the bodies of the candles and try to gauge where they might be trading but we really have no clue where the volume took place. There's going to be microstructures in here. We can see that we continue to make lower lows here but we're going to see a microstructure in here and these kinds of reversals, if this reverses here and we'll take a look and see if we see a reversal pattern forming. We're going to see microstructural areas broken and then that's going to lead to the bigger reversal. We're going to turn on the historical best bid and offer and now we can see what comprises this open high, low close here. We see a lot of sideways action here, a breach of the low and we moved up and we went above these highs right here. We fell right back down into the middle of the range and that's currently where we are. Understanding the microstructure here is already going to give you a significant advantage. For example, one of the setups that we cover in detail during the live order flow webinars is understanding this little level here. Let's look at it right here and how we tested and breached that low and we turned right back up to it and then we sold off again. This auction here was successful. It auctioned below this range here and it accepted lower and you see the sell-off here that incurred. Looking at this candlestick chart though, what do we see? We don't really see anything here that's giving us any insight to that. This little pullback here is a beautiful entry for continuation to the downside. We don't have any clue here where the volume traded within this area here. We don't know how much traded, what type of volume, was it aggressive buying or selling and most importantly is where it traded within these candlesticks. We just have a subchart here and that's it. Let's turn on the volume and let's take a look. Now with the volume dots, we can see exactly where volume traded here. In fact, let me zoom in a little bit more and let's go over this example. This is really what occurred within all of this price action here. You see significant volume trading at lower lows and we go sideways here for a bit. We see some buyers starting to step it up in this area here but we come right back to where we broke from in this structure up here. Here's our 930 cash open as well and this is where we originally broke. This is originally the same setup that I was just covering looking for a return back to where we came from and are we going to accept or reject? Well, it looks like it's looking pretty good actually in this area here. We see significant buying in the upper area here. We don't see a lot of selling down here so we get a retest back up here but it's at this area here where we break and we see significant selling. Again, that same pattern, that same setup occurs here. Here's where we broke from and this is right where we came back to. Then we can gauge in this area here are there significant buyers? If so, then I'm looking for continuation to the upside. We're just covering the volume and microstructures right now but we get our answer down here and we see significant selling starting to come in. That leads to this complete breakdown of price. We can see the selling over here as well. More selling. Up here it looks pretty good for buying but there's more selling down here and there's more selling here hitting the bid. We break down below, we come back up and we see there's not a lot of buying up here and we continue to break down to the downside. All of this kind of activity here is completely lost in this candlestick chart. You'd just be basically shooting in the dark. We wouldn't know where this volume traded. We wouldn't understand these breakdowns and we wouldn't understand the returns back to these areas where we broke from. It's very opaque here looking at this candlestick. That's the volume. Let me cover the volume just a little bit more because I want to show you exactly what we're showing you. It's on a sub-second level because it's very simple data. I'll zoom into this area down here and let's just take a look. This is all we're showing here is historical, best bid and offer. We're down at millisecond level here, so thousands of seconds. This is the historical best offer and this is the historical best bid, the red line. We see this green dot that occurred here. We can use the data tip tool and it gives us the date, the time, what was on the ask here and the volume. This is for volume of one, this little green dot. That's what occurred here. This is a recording of historical best bid and offer in volume. There's actually a cell order over here if I zoom in and note how, actually, as I start to zoom in, look at the spread that actually widened out another tick here and then it caught up with the offer. This trade here, or this event that took place was for volume of seven. As I zoom in, note how I'm actually pulling apart that bigger dot and showing you exactly what traded here and note that we are now down at microsecond level. I know that this is for volume of one, three and three. We're showing you every single detail and every single market event that took place. However, we're giving you, although we're breaking it up and showing you all that detail, we're giving you the overall delta and understanding of what occurred there when we zoom out and we compress the timeline and start to show a bigger dot that comprises many trades. As I zoom out more, you'll note how there will be, some of these areas over here, there's many trades that took place. But so many trades took place, we need to show you the overall delta of that activity with the pie display of the dot. If I hover over this area, it's for volume of 243 contracts and the majority of it was actually buying here, which is interesting because we're dropping. It's getting to 50-50 here. These buyers here are certainly on their back leg and going to be covering at lower levels as they get squeezed out. This is one of the things that we look at actually pretty often. Anyway, let's not get into that detail. We're understanding exactly what comprises the volume and we can see who's winning the battles at these areas because we can see exactly where it's trading this volume. That's what gives us the insight here in Bookmap. Now let's zoom out, go to the current market here. Understanding the volume and understanding where the microstructures and the breaks of these microstructures and the volume together offers a significant advantage. However, there's another piece to the market here that we don't see and that's where they're bidding and offering. Bookmap will show that historically and it'll show it currently as well. How we show it currently is with the dome. Here's our dome right here. Here's our price ladder and you can see the depth of market right here with this column, the COB column. It's showing me the depth here on the offer and it's showing me the depth on the bid. This is the best bid and offer right here. This window here is the same data. It's showing me current, best bid and offer and last traded volume. Now I'm going to turn on the heat map though and I'm going to show you the current market here. The heat map is a representation of the numeric values here in the dome. So very high liquidity is painted bright white. Note how pretty volatile here. They just came in with high liquidity in a few areas and then pulled and then added higher and they just added up here on the bid as well. There's a lot going on at the moment and very high levels of liquidity as you can see here, 77 versus like 30 contracts. So double the amount and right to it. We just went right to it there. And some of that traded. Some of it was pulled as well. But we can start to gauge and understand the activity in the current market in this window here with the adding and pulling of liquidity. In the historical market though we can also start to read it. That behavior and here it is. We can see high liquidity here and it is being recorded. We take that data and project it on the chart historically and look how they were here with high liquidity and they just pulled it and added it a few ticks higher. This has got to be the same player. High liquidity at the same moment they pull they add up here. Same player here. Pulled, added up here. So now we're not only are we starting to understand the current market and the historical market but we're starting to also identify the players. We know that this player up here is this rather bullish. He's pulling his orders in adding higher. He does not want to be a buyer at lower levels. So we can read that behavior here and we can see it very clearly here in book map. We're going to see all sorts of things. We're going to see spoofing. We're going to see a flip of the order book. We're going to understand the behavior of these traders in this auction. Here they are down on the bid at 95 and here they are on the offer up at 0.3 and 0.3.5 and right now we're channeling in between that area of high liquidity. And we can tell we already know that this guy here is not so keen on trading in this area. He keeps pulling and adding higher. So maybe we can see aggressive buyers step in and maybe we can come up and test this 0.3.5 area now. And that's one of the scenarios that might play out here. And we see that they're starting to bid up at these areas here at 97.5. So we put all of this kind of data together and start to understand the context of the market. You have any questions on that? This kind of context to the market is key. We're not looking for some sort of specific because there's a white line that then they pulled and then they added this or that. No, we're looking for the overall context. For those of you who trade volume profile, you understand that. You're looking at the majority of traders. Where are they dealing or not dealing? I'm sorry, where are they trading? Where are they committed in their trades? And then looking at low volume nodes, high volume nodes, understanding that context of a high volume node. Here are columns in book map here. The market can come back up to this 99 level and it can trade there because there was significant trading action there earlier. So the low volume node is that there is no trading here so the market will exhaust out and rotate lower. We just saw a beautiful example of a low volume node and this is what it looks like here in book map. Here's our breakdown below. What I failed to cover earlier is the figure here at 6300. This is a key level. You can see that we failed above 6300 here. Traders are not interested in trading up here at 6300. They think it's not worth that. They think it's worth less and we're seeing that play out here. Here's our price channel that we were witnessing earlier and here's our breakdown from that price channel. Here's our pullback. There's actually three of them. One, two, and three. Two, where we broke from in this price channel. We actually could have come up a little bit higher, maybe up to here because this is truly where it broke from but we didn't. Instead it was this volume cluster here that was what traders were reacting to and we exhausted out of that area here in our low volume node. We can see the exhaustion. What does exhaustion look like in book map? Here it is here. We don't see a lot of trading up here. We see the volume clusters trading down here and look at again here, volume cluster of volume down here and look at this little area on the pullback here. Very little trading if any at all. There is a skew of the transactions here and that skew is to the downside and we get price discovery further to the downside. Here's another example of exhaustion here. Another few examples here. A little bit of volume traded here pushed it up just above but completely exhausted out here and rotated lower. Let me know if you have any questions of what book map is showing you and disadvantage that you're getting with the transparency because we're starting to really put together this auction and that's exactly what the market is. It's an auction. We're starting to understand where they're auctioning. Here they are at 82. We're about to trade right into it right here and we'll find out if these guys stay in the book or if they trade. There they go. Let's zoom in there. Did those guys trade? They traded right into that high liquidity and the majority of these contracts here there was 102 contracts on this price level. I know that. That's fact or 97 at this area here. Here's 102. Then they started to trade into that high liquidity. Here's 77 contracts traded and 105 contracts overall traded within this range. They traded through that liquidity. These buyers down here stayed in the book. This was not fake liquidity. It traded. That's important to know. We're starting to understand where larger players are starting to maybe scale in to their positions. When we start to understand that we're starting to look for potential reversal just like this. The larger players again look at this area here at 76. We trade down into that area and look at the selling in here, the aggressive sellers. They're not so interested any longer. We're exhausting out here at 76. The buyers read that and they're going to start to lift the offer at a swing level up here. We can see them starting to come in. This is initiated buying. They lifted the offer up to these higher levels. There's the distinction between understanding this longer-term high liquidity that stays in the book and trades and they're absorbing on the aggressive selling to the point where they came down and finally exhausted down at this level. This is what that behavior looks like. Looks like we want to come up and maybe test the... Well, our level is here at 96. Let's see if we can get up there. Let's look at 92 here as well. There's going to be a swing here and start to understand this area here at 92. There's other market information data that BookMap is not able to show. Yes, Tony, there are... With our add-on indicators, we can show quite a bit of information here. Let me turn on the indicators. For example, note these little numbers here. This is not significant. Let's see if we can maybe get more insight down in these areas here. Anyway, these numbers... This is the iceberg detector. The green numbers here are showing me where there's iceberg orders. We know that because this algo that we developed is able to read the limit order book, what was provided there in terms of liquidity and then exactly how much traded at that point. This number displays the difference. More liquidity actually traded than what was in the order book at that time. It's displayed with this number. That's the iceberg. Then you can see them also on the offer up here. That's just one. There are several others. We also have a sub chart here that's showing us the cumulative volume delta as an indicator subpanel. Another one. See this little white line here in the current order book showing the bars here. This little white line is showing us that a larger player is providing the majority of the liquidity at some of these areas. Down here. This larger player, note how we're pulling their liquidity. We're seeing the heat map showing us where the high liquidity is going. Basically, larger players here are dominating. We can see it very clearly here. As soon as they're pulling, they're adding to other areas. Then we noted the other area where they're getting actually filled as well. There are many others, Tony. We've got to wrap it up. For those of you who are in trial or current customers, we'll jump over to the advanced order flow webinars right now. See you there. Bye.