 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap the risk disclaimer trading equities and futures involves a central risk of loss It's not suitable for all investors past performance is not necessarily indicative of future results For more information, we go to bookmap.com. There is a 14-day free trial comes with education It gives you access to the bookmap educational course And the advanced order flow webinars that start in about a half hour Okay, at 11 a.m. Eastern time. Okay, so this webinar here we go through the platform details We go through what book map is displaying how to understand it how to use it and then we get into the a little bit of the order flow, but we really dive deep into that In the second webinar. Okay, so making a distinction between those who are new users Ask your questions here and those who are current customers Then ask more detailed questions about order flow and trading. Okay All right, any questions you can always reach out to us at support at bookmap.com Let's take a look at the website here Click on explore Brings us down to the Intro video here. It's about a minute long if you want to watch that Just kind of scroll through here about book map what it is what it offers you just Not much text there, but just gives you a taste And then book map for equities. Okay, it's not just for futures We also now for a handful of months offer it for equities So you get it with NASDAQ total view and NASDAQ last sale It's a great data feed. We can look at some equities if you guys want. Just just let me know and Let's scroll down a little further connectivity. Okay, so dev experts and NASDAQ is also included down here but for futures you will need one of these data providers and CQG rhythmic again IQ feed transact these are all data providers. All right now the Stage five offers many of them. They are a broker but Ninja interactive brokers traders workstation and then TT XTrader Pro Okay, these are other platforms. So what we do connect to the API of these platforms. All right, so We connect connect to the API for some of these platforms available But we are a platform just like they are so you connect your data feed directly to book map. All right Okay, a Bit further down pricing. Okay, this is where you can find your 14-day free trial Make this a little bit bigger here Okay All right, so for the the pricing for 49 per month It's billed quarterly or 99 per month and that is also billed quarterly. Okay free for 14 days but the The difference between these two are the add-ons. It's other features So we have one-click trading you can trade right from the book map chart as well as The these proprietary add-ons that we have here Okay, now just to attempt you guys. We do have a new version coming out by the end of the year And there's gonna be many more features. All right and add-ons. So lots of very exciting stuff coming up soon With book map. All right For those of you who are quants and have very specific needs like connecting your own data or your own proprietary Indicators reach out to us and learn more here If you need a data feed, all right, so you're new to futures as well, but interested in trading futures well, you can click here and There's some options for a trial of specific data feeds as well, okay And if you want the total breakdown of all of these the differences between each of these platforms You can click here and get the complete list. Okay All right, social media you can follow us here on Twitter At book map underscore pro Is the Twitter handle this gives you the most up-to-date information and news about book map the YouTube channel. All right, this is where you'll find many different playlists of videos Okay, so on the home page here. There's an intro video followed by a playlist of intro videos here This one for example gives you an overview of a book map You can see the other ones here are just like a minute or two long each and then Futures and components. Okay, that's Get gets into some of the very specific features and how to use them So if you're new to book map and you want to for example, look at the correlation tracker Or you want to look at just the basics overview You watch some of these videos here. You can click on the playlist as well up here and look at one after another All right Order flow video snippets now this these videos here very short just you know a few minutes They go through order flow phenomena that we cover during the advanced order flow webinars, okay, so These just give you the concept and the idea And then the details are covered in the education and the webinars in the live market. All right Okay, well, let's take a look at book map. That's what's going on here Take a quick look. We'll look at the NASDAQ a quick overview of a bigger picture. What's going on? Okay, well just you can see a half hour trend to the downside and Let's take a look here at book map then and what's going on here? Okay And we'll zoom out and get a bigger picture view of this as well Okay, well yep back and forth as you can see Here is the pre-market, okay, here's our 930 open and you can see the volume pick up in the The move to the to the bottom and then right back up to above the open now So anyone who short is getting knocked out if they put their stops up in these areas here And just some interesting things right off the bat that I want to inform you guys about now I'm I know that this chart looks really complex Don't worry. I'm gonna simplify this for you. It's actually really simple information. You're looking at here Bar concepts different bar rotation concepts are much more complex than what you're looking at here, right? It's just we're showing you a very objective clear view of the market Okay, so for example Just pointing this out here look at the areas here of liquidity now I have full depth of market With rhythmic the rhythmic data feed in with the CME and you can see that there were traders here before 830 That we're placing their limit orders in some of these areas, okay What we can zoom in and see if they actually got absorbed or not or if it if they pulled that liquidity But it's interesting to see this full depth of market because we can see where traders were lining up early on in the process You can see that they held their Their contracts they wanted this price and they held these through the the cash open All right, so anyway Just want to point that out and let me get in it to and define what some of these things are, okay Okay, so what I'm gonna do is I'm actually gonna start off with a candlestick chart because that's what we're familiar with And I'm gonna take off all of these other Layers of data Okay, and we're looking at a 15 minute candlestick chart here. I'm gonna actually Show you a new feature here. Hey, this is on the new latest build of book map I think it might have been offered on the previous build But let's click on the studies configuration And then you'll see all the different add-ons and all the different configurations here and click on candlesticks Okay, and these are the different modes you can use for your candlesticks the body with the interval Let's go to a five minute and The VWAP this is the new feature right so within this five minute period, okay we're giving you the overall VWAP of the The the candle or the volume that occurred in that period Right. We're also giving you the just the bid and the ask VWAP okay, so if you don't want to look at the The overall VWAP here. Well, we can take that off and now you can see they're very close to each other, but And it makes sense that they're close, but We'll see little distinctions here and there that this is the bi Aggressive by volume and this is the aggressive cell volume and red pointing down Okay All right. I'm gonna take those off and just we're gonna simplify this Okay, and we have an as an indicator subpanel here. It's a cumulative volume Delta I'm actually gonna close that up as well and we're just gonna really look at a simplified chart here Okay, this is a five minute candle and we do have a volume sub chart All right now the the problem here with this five minute candlestick chart. We're all used to looking at this this view The problem is though is we have no understanding of little microstructural areas in here we have no understanding of Where the volume actually traded and took place We don't know what type of volume it was more buying or more selling and we don't know When or where okay, so what those are really important pieces of information that allow us much more informed trading decisions Okay, so All we're getting here is open high low close of a five minute bar. That's that's it Okay, we can start to kind of piece together, you know buying and selling pressure by looking at the wicks and the bodies, etc but it's it's really Kind of reading that the tea leaves here. We really don't know And that's that's really a problem because we're making pretty important financial decisions based on very limited information here Okay, so let's just turn on historical best bid and offer and Show you what that allows you to see Okay, just just this view alone allows you to see quite a bit of information a lot more And why is that it's such a simple thing just best bid and offer plotted. That's it. That's all we're looking at here Why that's important though is because now we can start to read micro structures Okay, we can see that we we originally dropped here And it kind of we kind of went back and forth a little bit And then you can see sellers came in here just below the swing here and And hit it pretty hard Alright, so they hit the bid really hard. We dropped down very quickly drop in another another leg here come back up and Look at all this information above this little structural swing here where we had to pull back originally Okay, now we're going sideways. Okay, and we're not we're making a actually from this swing here We made a higher high. Okay? and Just from that little swing right here. Okay Now the low the low is here, but you can see we don't come back down and test the low All right, so and in fact you see once twice three four times there's actually many more times in here, but you can see we tested this area and We found a lack of selling. Okay, no more sellers. Okay all that information is Not here in the candlestick chart. Okay now is I'm I'm actually getting ahead of myself. I shouldn't say we see lack of selling. Okay, we just see we do not breach Down below we we trade to this area and it and it returns back. Okay, we see the break of it up here Okay, that much. We know looking at just historical best bid and offer All right now if I zoom in here though and then we'll Zoom in in a minute if I turn on the volume dots now. We're going to see exactly what traded and where Okay, and we're getting the overall shape of What's occurring here? We can see on the historical best bid and offer the transactions that took place Okay, that's all that's the only other piece of data that we've Plotted on to the chart here. Okay, so we can see here's the drive down and A lot of selling okay red is aggressive selling market sell And green is market buy Okay And yeah, no surprise here to see the break and then to see the red Dominating on the sell side. It is actually kind of surprising. So I did get ahead of myself here We do see clusters of volume down here a little bit especially right here In this area here and this let's zoom in here. So click on the hand tool I'm going to hover over this area and I'm going to zoom in with my center mouse wheel Okay Okay All right. So now for example We know exactly where volume traded within this five-minute period. So let's look at this big long candle here Okay, well, here's all the volume. Okay, it's actually not the distribution is not too bad It's looking pretty pretty even to be honest probably a bit more down in this area here Yeah, probably the VWAP is right around here, I imagine well, we can we can verify that let's just turn on the VWAP Yeah, here we go. There's your VWAP right there. All right Okay So But now we understand Who's in control? Who's driving the market? Where they're trading and how much they're trading? Okay and how much compared to the aggressive buyers, okay and That's really insightful information now Perhaps you guys are accessing a footprint chart. Okay footprint charts are great However, there there's one issue with the footprint chart and that comes back to the same issue here With the candlestick chart is that it aggregates? It's aggregating all this data within a time period. Okay, either a bar rotation or a time period or whatever It doesn't matter. Okay, so you don't you can't see how the volume is reacting in the microstructure And that's really important so For example, we can zoom into this area here and Let me show you Okay, let's let's look at the low here. All right, so This is This the historical best bid and offer. Okay Best offer is the the red Line here and then the best bid is the green line Okay, these little transactions that you see here these dots These are this is the aggressive buying and selling Green is aggressive by they they paid up They hit the market buy button and they took liquidity off of the best offer Okay, red is the opposite they hit the market sell and took liquidity off of the best bid Okay. Now you can see we're not aggregating any of this data Okay, it's all still here. In fact, we can zoom in and really look at some of the details here Look at how these markets trade, right? We're down at 22nd level Okay, and here's our our little blip up on the best bid and offer But these this little cluster of flurry of activity that traded here Okay, I can look over here in my volume column and I know this for 24 contracts. This constitutes 24 contracts I can continue to zoom in here and we can look at every detail. This was 20 This was one trade for 20 and I know that I can click on the This data tip tool and I get the date the time the liquidity here And then the the volume that traded so volume of 20 at this price level All right, but note how now we're at down at, you know, nanosecond level now We don't trade off of nanosecond levels. However, I'm just trying to demonstrate that All of the data is recorded at every single event. Okay, our complex event processor can handle all of these data points Okay, so now as I zoom back out note, however Here that now I'm starting to contract my timeline as I'm zooming out and We're just graphically and visually going to aggregate that all into one big dot Okay, and I know that this is a dot here that constitutes 24 contracts, okay All right, and as you continue to zoom out you'll see that I will it will continue to graphically aggregate this together But all of the data is still here. Okay, we're just making it easy for you to To read as I zoom out more you'll note how we compress it. So all these Events together that we display it overall as this pie display. So that's what you're looking at In in book map when you see this pie display. So you can see that, you know 80 or 90 percent of this volume here Which is 406 contracts because the same information down here Gives me that same as the data tip tool It's it's mostly selling All right. Now. I've just covered the aggressive volume, but look look how it relates to the microstructure Okay Selling lots of selling. Okay, we get a blip up here. Where do we where do we come to? Where we see a large dot here? Okay, we see kind of a little bit of sideways action back here a little bit And then the aggressive seller Jumps right back in we come back to test that area to see if there's more selling Okay, and there's a lot in what happens here is there's not there's a little bit more selling as you can see Okay, but over in this area here. We see a lack of buying Okay, this is the kind of detail you can see in book map, right? We can see that basically what happened here Was that the buyers exhausted out they're not interested in buying Okay, the sellers take control right here, and they break this microstructure. Look at it right here Just they hit the bid hard. This is going lower All right, we actually get a nice little pullback to right where we kind of broke from a little bit lower And then we continue on sellers are in control Okay, now we make the low here and and then look how buyers start to take control above this microstructure here Okay, and note the aggressive buying here. This is a change in the order flow Okay, and and you'll see this distinction All right, and you can see we come back and where do we test to okay right where we broke out of that structure This is the new reality in price. It's being valued at a higher area Okay, this is the kind of detail that we look at In the advanced order flow webinars. Okay, and we gain a good understanding of the order flow and The auction as well now we haven't even looked at the auction yet. All right, so we're kind of running out of time here and Covered the volume in some detail here, but let's just go through the the heat map all right so this is Looking at the trade volume is very insightful and very helpful But there's so much more to be seen here. It's really just a part of what's going on in the market Okay, what about the what about the auction? Where are they bidding and offering all of that action happens outside of the candlestick outside of the historical best bid and offer Okay, it's not transactions. It's where they're bidding and offering. So let's zoom out and let's go to the current market Okay, here we are and let me zoom in now because I want to show you our Depth of market. Okay, this is our doleman book map right here the current order book column Okay, and at this at these price levels. I've got it every four ticks. Okay, we see Liquidity, okay, and these numbers are always changing All right, and that change is reflected graphically in this window Hey, these are sellers up here that want to sell at these specific price levels and these are Bidders down here that want to buy at these specific price levels. These numbers are always changing right and We want to understand the auction here Where where the majority of them we look good up here. We see there's 216 contracts waiting up here 247 now right, so That's an important thing to know. All right, we want we want to understand this auction and The problem with the dome is that when these numbers change you've lost the data Okay, like we just saw some activity here someone look look how that that trader just got more aggressive He brought it down from the 74 and a three-quarters down to 71 and a half Okay Now you know we see them down at 70 actually Interesting stuff. So all of that data previous data though is lost in this current view You'd have to remember those areas That's the problem with the dome is it's great for the current market, but it's a it's not good for understanding The history of it and that's where book map Solves this issue because we record it Okay in this window here, which is the current market window you see the best bid and offer this numbers last traded volume okay, and Then you see this this heat map that changes This heat map changes to reflect the change in the liquidity Okay, then it's transposed onto the chart historically. So that's what we're looking at here in this heat map Okay, looks like it's really complex stuff But what we're really looking at is just the history of the offer above above, you know, the historical offer here And then down here is the bid Okay, so you can see they were interested in buying at these areas. It looks like they did buy Okay, and the sellers are well, they started to get aggressive. It was what we just saw We just traded through them and we're on our way up to to find liquidity up here Right and this is longer term liquidity that's been up here for a while And then they pulled and then they're back in now. Okay at this 74 and a half and in 75 Anyway, we can start to piece this all together now We're starting to look at the let me put on the indicators as well as the Get a bigger picture here So now we're getting a much better understanding of the auction And the the traded volume. Okay, and they work together Okay, Brian. Yeah, I'll I'll send you a An email with a link to the to the next the next webinar. Okay, that's strange, but Anyway, I'll follow up with you. All right Okay, all right guys, well, let's let's wrap it up. We'll call it a day There's all sorts of things in here to read and understand but those are the basics We're seeing a flip of the book here as you can see that they were on the offer now They're on the bid over in these areas here This is something that we look at for a new price Acceptance and discovery as we can see here. Okay Just of that flip right around this 60 to 63 area here. All right Okay, we'll wrap it up. We'll call it a and we'll see you in the next webinar. Thanks