 Asked is now starting. All attendees are in listen-only mode. Good morning, traders. All right, well, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. A risk disclaimer. Trading futures, equities, and digital currencies involves a substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. So the goal in the webinar here is to go over some of the basics, define what Bookmap is, show how you can connect Bookmap to the markets, and how you can subscribe to Bookmap, the different versions of Bookmap, and then we'll jump into the interface of Bookmap and look at the live markets and start to understand some of the basic elements on the Bookmap chart. From there, as we start to define them, we'll also start to look at some of the basics in the order flow and how Bookmap is displaying that information, because that's where you're going to get the advantage, is the visualization of Bookmap compared to other platforms. It has something very unique and that will give you an edge in your trading. So now, Bookmap comes along with education. There is a four-part educational course that comes with the subscription. In that course, we start with the basics in order flow and work on up into much more advanced concepts along the way. So you can understand order flow and what Bookmap is visualizing with the education. Now, we back up the education process every day in the live markets with the advanced order flow webinars. They start at 11 a.m. Eastern time every day. So we'll jump right into the order flow and start to go through some of the advanced concepts of what Bookmap is showing you and start to analyze the current market. And then based on the education and our analysis, we start to anticipate future price movement. So you can really start to understand how to use Bookmap in the live market. So let's jump over to the website and scroll down a bit. There's an intro video here. A bit further down, just information about Bookmap in general. Bookmap for equities, I'll go over this in just a minute. And a bit further down, connectivity and we'll stop here. Thanks, Andre. I had a good long weekend. It was nice. Some nicer weather and it looks like the summer has begun. So yeah, it's about time. It's been a long winter. Anyway, what is Bookmap? Let's define it. So we are a trading platform. We just visualize the market in a very unique way. And we're not a data provider, nor are we a broker. So you will need to provide the data for futures and for US equities. Now, we also connect to digital currencies. So Bitcoin, for example. And that's through the GDAX exchange. And that data is actually free. I'll go over the details in a minute on the subscriptions. But to connect to Bookmap for the futures and US equities, these are the different data providers that you can use to connect. Now, you can see there's a few platforms listed here as well, just like we are. We're a platform. And you can see Ninja, TTX Trader Pro, and Interactive Brokers Traders Workstation. So you can connect via the API of these three different platforms if you want to go that route. If not, and we recommend not, just connect directly to CQG Rhythmic Gain, IT Feed, Transact, or Dev Experts. Now, the Dev Experts is for NASDAQ TotalView and for EdgeX. So let's scroll back up. And that's for all US equities. You can read about it here. It's a great data feed. And here's the different options that are available, NASDAQ TotalView. You can subscribe to that. You can also subscribe to EdgeX, which is BATS. Or you can subscribe to both of them together, EdgeX and BATS. And that's actually a deal right now for $59 for the first month and then $119 each month following that. Anyway, let's continue on. So we've defined what Bookmap is. You know how to connect to the various markets. And let's go down to the different packages that are available. You can subscribe yearly and get a 20% discount, or you can click here and go to Monthly. And you can see digital versions and global versions. So let's describe the differences here. Digital version, you can see this is free. It connects to only one digital currency at a time through the GDAX exchange. And it's very limited. Limited support and limited education. Now the digital plus version, what you get with this is the data is free for the GDAX. And you can record and replay. And you can also trade right from the Bookmap chart into your GDAX account. Now you can also access up to 20 different digital currencies at a time. And you also get access to the advanced education and full support. The global version, now the global version moves beyond digital currencies. Yes, it includes it as well. You still get everything in digital plus, but you also have the ability to connect to the futures market and the US equities market. And you will need to use those data providers that I just went over. We don't provide the data. And you get the advanced education and full support. Now the global plus version, the difference between global and global plus, global plus includes everything. It also includes our proprietary add-on indicators that we put together. So for example, there's the ability to trade right from the Bookmap chart into your futures or equities account, which is a great feature because you have the liquidity heat map in front of you. You can front run high liquidity or hide your stops behind high liquidity. There's the large lot tracker. We're looking at specifically larger players in the book holding the majority of liquidity. In balance indicators, iceberg tracker here. So again, looking at larger players using iceberg orders. And our algo can start to identify them. And correlation tracker to correlate other markets right on the Bookmap chart. So that's bookmap.com. Some other references here. You can follow us on Twitter at bookmap underscore pro. All sorts of information. You can see there's a new interview here with Jason Ramis. If you want to read about that. And all sorts of other stuff here. All right. So the YouTube page as well. You can subscribe at bookmap on YouTube and some intro videos here on the front page. Features and components. If you want to understand what some of those are. And then these order flow video snippets. I would recommend watching as many of these as you can to understand what bookmap is visualizing and how you can benefit from it. These are very short, concise videos. And we go over this kind of information in detail in the advanced order flow webinars. Right. That's pretty much it. Let's take a look at bookmap here. We're going to look at the NASDAQ. And let me close this up. All right. And what are we looking at? Okay. So for those of you unfamiliar with bookmap. Well, this might look very foreign to you. Lots of different things going on here. It's actually really straightforward. And I'm going to close up. We have a indicator subpanel here. I'm just going to close that. We can go over that another time. And we also have some other indicators on the chart here as well. Like a historical VWAP, which is a great indicator. You can see how it's bouncing off of that here in the NASDAQ. And this blue line, which is a point of control. Now we're going to close up that as well. And point of control. And then just look at the basic chart here. So what are we looking at now? Well, it looks like it might be pretty complex. It's really not. It's really straightforward. There's only three elements on this bookmap chart. And none of them are derivatives of time, price, or volume. You're actually getting a very objective view of the market. Okay. So what are we looking at? Historical best bid and offer. There's no aggregation here in a timed chart or bar rotation or anything. There's no bars. It's just historical best bid and offer. And then you can see all these dots. Well, these are transactions that took place on that historical best bid and offer. And then the last element is the heat map, that third element. And all that is, is the liquidity from the dome. Okay. It's taking the data from your depth of market, your dome. And then all we do is record it in a heat map. And then we project it on the chart historically. Okay. So you can see where people are bidding and offering. And you can see, like, if they get filled or not, or if they pull. Okay. This is the real benefit here in bookmap. So let's actually kind of use a backwards way here of describing some of this. And we're going to take off all of these elements. And we're going to look at a candlestick chart. Okay. And this is a five-minute candlestick chart. Now, what's going on here in this five-minute candle, for example, is an aggregated period. There's only four data points here. Okay. Open, high, low, and close. And that's a problem here because it's very opaque what's happened inside there. We have no clue. Okay. Just for volume alone, let's cover that. Well, where did the volume take place within any of these candles? We have no idea. Okay. That's an important aspect to know. Okay. Now, you might have a footprint chart and you can understand exactly where volume is trading on your candlestick. However, there's still some issues. Number one is you're not going to be able to access microstructure. Okay. It's within an aggregated period here. Okay. We want to understand these little structural areas that occur. And how do we do that? Well, we can very simply do that by showing historical best bid and offer. Okay. And there it is. All right. So now we have an understanding of microstructural areas. Okay. So what do I mean by microstructure like within this period, this time period here? Well, here's a microstructural area down here. Okay. In fact, it's not so micro. It kind of fits into bigger picture here. Okay. So let me explain. Okay. Well, you can see that price came down, bounced off of this area a little bit, found a few buyers. This candlestick shows a bit of that. But then we trade through. Okay. Well, we broke down below this structural area. Okay. And we accepted down here for a little bit, but then we found some buyers actually and we broke back up into this bigger range here. Okay. So understanding these little structural areas down here, though, are essential to understanding the moves that can take place afterwards. Okay. And this is how we can anticipate price movements by understanding these structural areas, the volume that traded there and who's in control, and then also by the auction, where are they bidding and offering and how they're behaving in that auction. All right. So let's add some of the elements on here and let's just show the volume. Okay. So pretty typical. You can see here the volume. For example, look at this nice little move to the upside here. Okay. Well, that's, you can see the green dots pulling that market, lifting the offer higher. That's the aggressor on the buy side. Okay. They're hitting the market buy button and they're lifting the offer. Actually, pretty typical in a micro trend here, as you can see, more volume, aggressive buy volume trading at higher highs, pulling that market upwards. Look at these little pullbacks here. Okay. This is very typical in a trend in the order flow. And this is true not only in micro structural areas, but on macro views as well. You'll see it again and again and again, it's just how the market works. Okay. So what do we see here? Well, there's very little activity here. There's very little selling, in fact, in these little higher highs here. And the buyers are clearly in control in this micro trend to the upside. Okay. And this is where it actually broke from in the micro structure was down here. Okay. And you can see even like a smaller micro structure, there's structure within structure here. The markets are fractal. Actually, you can see the buyers start to step in here and they broke this little structure here with their buying. And then they broke the bigger one up here in that swing. And look at the volume and look where it accepted. Okay. In fact, we can draw a nice line across here. And you can see that it accepted above that line. Buyers are in control. Okay. And we're just looking at the volume here. So let's zoom in and let's define these two elements now that I've added onto this chart. Okay. And there's only two elements here. One is the historical best offer and best bid. And the other are these volume dots. Okay. The volume that traded on that historical best bid and offer. Okay. Now, if you want the precise number, we can hover over this dot here and it gives us the date. Very precise time. This was on the ask here. There was four contracts at this time at this price level. And then the volume here was, this was for volume of one. Okay. So someone hit the market buy button for volume of one. Okay. That's it. It's as simple as that. And, but the insight here that you can get is, is pretty incredible. You can see how they lifted the offer here swept the book higher understanding just these small little things make a massive difference in understanding order flow. And in fact, let's zoom in here because we'll probably see more transactions here within each one here. And indeed we do. Okay. So actually you can see when I zoomed in here, we see that there's actually three transactions for each for volume of one. Okay. So let's zoom back out though and notice how well we're down here at macro. I mean, sorry, at microsecond levels. Okay. So we're looking at millions of seconds. Right. We can even look at billions of seconds. We can continue to zoom in here and get down into nanosecond level like this. Okay. We're showing every single market event that took place and plotting it on book map. Okay. So that's what you're getting with book map a very, very precise data and every single market event. And now as I zoom back out, look what we do though just visually graphically. We have aggregated this into a bigger dot and it shows volume of three. Okay. As I hover over this one, this one's for volume of two. Okay. There might be two transactions in there are when I zoom in. Okay. So anyway, now as I zoom back out, notice how bigger dots. Okay. And let's actually bring up the size a little bit. So bigger dots, there's just more volume. Okay. Like this one down here, this one's for volume of 12. Now this one actually is kind of interesting because it shows that there's both buying and selling within that area. Okay. It's a pie chart. Okay. So what happened there was a flurry of activity very quickly and both buying and selling took place. So let's zoom in here though. And I'll show you though that we don't aggregate the data. Okay. So you can see exactly what occurred here. Okay. All at the same price level. You can see that the best bid and offer changed. And yet buying and selling all took place here at the same price level. Okay. As I zoom back out though, it gives us a neat pie display that shows the overall here about three quarters of that volume is aggressive buying. Okay. So that's, that's how we're displaying the volume and the benefits here in the way that we display the volume. Okay. Number one is you can see microstructural moves. Okay. You're not going to get that on your footprint chart. Your footprint chart is going to be aggregated within a bar timeframe. Okay. Or a bar rotation. It doesn't matter. It's still going to be aggregated within a bar. Okay. So you want to understand though these areas here in microstructure because they lead to bigger moves. And when you can start to understand that the buyers are in control here and they come back and we test here again, we found more buyers lift the offer and we break up above here looking for the next swing up here. Okay. To be tested. Now this is just that second element on the chart and understanding the volume is important. Okay. And the speeds of these moves as well. Okay. You're not going to see that in your footprint chart either. Okay. Now the, the, now this is great. It's great to see the volume. Okay. Very precisely displayed exactly when and where it traded and by whom and by and how much very precisely. Okay. So, but that's really only one side of what's going on here. Okay. There's so much more. And this is where book map is interesting because we're going to, we're going to turn on the heat map. Okay. And this is whole other side that happened outside of the transactions here that we want access to. Okay. And that's through that historical dome. Okay. The heat map. Okay. Now we're getting insight here. We turn that on. Let's turn off our candlestick chart. Okay. All right. Now, how does this help us? Okay. Well, you can see here, for example, they're starting to absorb. Looks like on the buy side here with very high liquidity here, this orange, orange and yellow lines. Again, orange and kind of red down here, they're starting to, it looks like a absorb in some of these areas. So we're starting to see, you know, on the bid here, there's some interest in buying. Okay. Well, that led to, you know, maybe exhausting out some of the buyers and finding, or sellers, I'm sorry, and starting to find some buyers. Okay. And they'll come back in and lift the offer up into some of the higher highs here. Okay. So anyway, let's understand how this is all derived here. Because that's important. It's all derived from the dome. Okay. Your depth of market. Okay. And all the insights that we're going to get here, well, we're going to go through that in detail in the advanced order flow webinar, but I can go over some of the more simpler or straightforward order flow phenomena. Okay. But let's define what the heat map is, because this is where people get kind of a bit confused. Okay. It's really simple. It's really straightforward. Most of us are accustomed to the dome. Okay. Your depth of market. Okay. So this is what it looks like in book map here. Okay. Everything to the right of this vertical white line here is the current market. Okay. Now you can see the heat map is changing here. Okay. Let's zoom in a little bit more. Okay. Now you can see this is your best bid and offer here. Here's your price ladder for the NASDAQ. This is current price. Okay. This number is the last traded volume here. And then we're looking at the depth of market here. This is your dome, COB column, current order book. It's showing your depth of market on the offer. These are traders or contracts waiting to transact, providing liquidity at these price levels. Okay. They want to be sellers up here. Down here they want to be buyers and they're providing liquidity. This is the auction. Okay. This is the current auction and what's going on. Now note some of these changes that are just taking place now. So when these numeric values change, the contracts, they're either added or pulled. Okay. It's reflected here in this window. Okay. With the heat map. Okay. We'll see a change and it's changed in the heat map. Now, where it gets really interesting is we take that data and then it's recorded and transposed on the chart historically. Okay. So how does that help us? Well, let's zoom out. Okay. Now we can start to use the dome, not just for the current market, but we can start to use it on the higher time frames and start to understand the relationship of sellers up here with price and the aggressors, the buyers. Okay. And then the buyers on the bid down in some of these areas and how are they behaving? Okay. So now we're starting to get a really big picture and understanding of not only the current market, okay, but the historical market. Okay. So for example, why is price starting to reverse right now? Well, look at them. They traded up into these pretty high contracts up here. Okay. Looking at this 69, 66 area here. Okay. Well, the buyers ran into a lot of sellers willing to looks like stay in the book here. And let's zoom in here and let's just make sure. Okay. Yeah. A little bit of polling here, but 49 contracts are here. Okay. As you can see. And then what traded here is actually about 37 of those. They started to pull some of it, but some of it traded. Okay. And then very high contracts here, 85 here, as you can see in the, in the dome at the 69, 66 price level. Okay. And as I scroll forward, okay. Well, did that area trade? And here's our answer. Yes. Okay. This is real liquidity. These 86 contracts, they traded. Okay. We see 20 that traded here so far. Okay. And as we start to zoom back out, well, in the, in the end here, it looks like 84 of those traded. Okay. So it was 86 out of those 86, 84 traded. And that's fact. Okay. Now we understand and know that larger players were here. Okay. And they stayed in the book. This was real liquidity. They had the intent to trade. They are now sellers. Okay. And we came up actually one more price level here. Okay. And traded into this higher liquidity up here, about 50 contracts. And it looks like about 40 of those traded here. Some of it was pulled. No doubt. No doubt about it. But you can see some of it traded too. Okay. Right. So now we've seen larger players starting to absorb a lot of the price activity on the buy side. The buyers hid into this liquidity. They lifted the offer up into this area here and traded in the transactions took place. And they absorbed once twice thrice. Okay. Now they didn't absorb. And, you know, in total, all of it on the way up. It does look like they did appear because there was no more, I mean, price reversed at this point. Okay. There was no more buyers. Okay. The buyers are exhausted out here. Look at the best offer actually one tick higher and not one contract traded up here. Okay. So now we know larger players are positioned on the sell side here. Okay. We get one more test up above and find some buyers. Okay. Lift the offer a bit higher. And actually that looks like some more absorption here took place as well, or at least transactions were met between the high liquidity here. It was about 36 contracts at this point. And it looks like about 51 traded. Okay. All right. And anyway, we found the buyers and the sellers and transactions took place. But we didn't really find any more follow through on buyers. Well, why is that? Well, I mean, they just, they, there weren't more buyers. If there were, they would have lifted the offer higher up into this area up here where there's even higher liquidity. Right. Instead, we didn't find the buyers. We start to rotate back down. And well, what happens in some of these areas? Well, we start to find some sellers. Okay. And look at little micro structural areas here that are broken. Here's the sweep of the book to the high side. Okay. Swept the book. They took all the liquidity from some of these price levels. And then actually they didn't support it again here. No more buyers. Sellers came in and sellers really came in down here. Right. And so they're pulling that market down. Okay. So as you can see how important it is to understand the reaction or relationship between those that are providing high liquidity and the, the aggressors, how much buying or selling pressure there is in the marketplace. Okay. When you start to piece some of these things together, you can start to anticipate the price movement based on what you see. Okay. And that's what we do in the advanced webinars. So anyway, it's time to go. Let me know if you guys have any questions. And if you're signed up for the advanced webinar, we'll see you over there. Okay. Thanks.