 Okay, so welcome to the book map platform details webinar. This is Bruce at book map risk disclaimer trading equities and futures involves substantial risk of loss and is not suitable for all investors past performance It's not necessarily indicative of future results for more information. Go to book map calm There is a free trial for 14 days. It comes with education So not only do you get the software, but you also get access to advanced order flow webinars You get the book map education course and there are some other resources as well Reach out to us at support at book map calm with any questions. Let me show you where you can find book map Book map calm here. Let's click on explore From the about page here and you can see there's an intro video It's just a minute long or so watch this just to get an understanding of what book map is And then we'll just scroll down here. Just goes about it goes through the book map Benefits you can click here for the free webinar which is this webinar right now and Other benefits here you can see testimonials And then book map for for equities here. So a few if you trade us equities you get nasdaq total view Okay, it's an excellent data feed. So We can look at some equities if you want just let me know Connectivity, you know, you will need a data provider. We are a software platform We don't provide the data. Okay, so to connect book map to the live markets You will need one of these data providers. Okay, or or go through your broker like stage five here And and be able to connect All right a bit further down the pricing information Okay, this is where you can give the free trial a try the There's book map basic. It's 49 per month 14 day trial period Then the book map advance and book map quants quant versions, then they're not really different versions They're just more features. Okay, and you'll pay for those features. So for example the ability to trade right from the chart This is a really nice benefit because we have the liquidity heat map in front of us so we can really Optimize our our entries and exits being able to trade right from the chart There's these proprietary indicators that we put together as well Okay, these look for The larger traders for example something unique here trying to find where the larger players are and how they're behaving Looking at order book and balances and volume and balances and an iceberg detector So we have an indicator that can show you where iceberg orders or hidden orders are Starting to they're accumulating and Then the correlation tracker as well. Okay, so quants you might want to reach out to us here to learn more Connecting your own data your own indicators, etc. Okay All right Let's see here. You can follow us here on Twitter book map or at book map underscore pro is the handle and Then you can subscribe to our YouTube channel here as well There's a couple of intro videos for those of you who are new you can watch the intro video playlist here and then the next step would be if you're new is To watch some of the features and components videos here And then work your way into some of these order flow video snippets that you see here now these just go through the Order flow phenomena now there's a distinction between these two Playlists the features and components are it's really the kind of nuts and bolts of of book map how you access or how you use some of the features order flow video snippets is Understanding the order flow phenomena that book map uncovers All right, so this is more like the advanced webinars And we get into really fine details of the order flow so that you understand what book map is displaying And then how to use it. All right Okay, so that's that Let's take a look at the markets. We'll look at the Nasdaq today. There's a lot of news coming out Later this week so Text still is the one that is moving is even starting to move the S&P some so We'll take a look at the Nasdaq looking for some movement here and then Let's zoom out here now The reason being is we can see the 930 open here and this is the pre-market data You can see we're just going sideways and then we see the dramatic move to the downside pretty quickly And then a move right back up to where we drop from and then continuation to the downside. Okay, so now What are we looking at here in book map? it's Market data that it's really Pretty basic and simple. It looks like it's really complex here. It's not in fact, we do have an indicator panel here as you can see but Book map is not an indicator. It's a really clear and objective view of the marketplace About as transparent as I've seen out there that you're really getting all the market data here. Okay, so All we're showing are three different items here best bid and offer. Hey the historical best bid and offer There's no candlesticks. The candlestick is even more complex than what you're looking at here in terms of concept We're just showing market data But what we're able to extrapolate from that data is really insightful Because we're giving a lot of transparency here and you'll see as we continue on in the presentation Okay, so historical best bid and offer and then all of these dots that you see here The these are transactions. Okay, it's the volume that traded on the historical best bid and offer and We'll get into exactly what we're displaying here in just a moment And then this this liquidity heat map this grayscale heat map that you see. Well, this is action. That's that's happening outside of the chart It's the the limit order book. That's historically recorded And so you can now understand where people are Offering and bidding in the market and this offers a lot of transparency. Okay, so to get further into this I'm actually gonna turn on a candlestick chart And we're gonna turn off all of the other data here and we're just gonna look at this. Okay, very simplistic view of the market And what what is this showing us right candlestick chart is showing us open high low close of a specific time period Okay, in this case, it's five minutes That's it. There's only four data points here. That's all that's being recorded Okay, and we're making trade decisions based on very very opaque limited data here Okay, we have no idea. Look at these wicks up here. I mean, is this selling is it buying is it exhaustion? You know, where are the traders? Where did the volume actually take place? What was the reaction in the limit order book at some of these levels? We have no clue to any of this Okay, there's microstructural detail in here that gives us tremendous insight to the potential movement of of price and We don't get any of that information here Okay, so I'm going to turn on the historical best bid and offer and that will immediately give us that microstructural detail That we're missing. Okay, so for example What what occurred down in this area here before we came back up and retested? All right Well, let's click on this move tool hover over this area and then I'm going to zoom in really quickly with my center mouse wheel You don't need to use the zoom tools here that you see. I can just use your center mouse wheel All right Okay. Well, yeah pretty interesting stuff we can see the move down and a little bit of consolidation in look at these areas here I mean, it's it definitely has a slant to the downside because we're making lower highs and Not making lower lows really It's just kind of just going sideways here and then we see a break. Okay a break of this structure Okay, we get a retest back up to where we broke from and then we get another little consolidation area here And it's broken again right now we get down into this area here we broke down below and There's going to be sellers down here. They're they're going to be trapped okay, because they're they're going to be selling the breakdown and And You know that their position is going to be somewhere, you know in this area here And they're going to feel the pain as price is moving back up And and where do we go? We go back up to where we opened here in the cash session So a lot of these traders are probably going to be placing their stops that That we're down in this area. They're probably going to place them in in these areas here and if they're Have a little bit deeper pockets. They're going to place them up by the open okay, so And we can see that we came up and tested that area All right, so this is a pretty quick move to the upside this quick move here is pretty indicative of a short squeeze All right, and now we're starting to understand all of this though just by looking at historical best bid and offer Hey, look at the candlesticks. Okay, let's turn off historical best bid and offer for just a moment Hey, I'm not getting really any of that information here from this candlestick chart I have no idea if there's more sellers here or buyers in this area It's just it's not really giving me much information at all Okay, I have no idea that some of the structure was broken and that they're trapped And then and then we see the buyers charge in or stops being hit and coming right back up to the to the open Okay, so all of that data is lost in the candlestick chart and just with the simple Historical best bid and offer we're gaining a lot of insight here, but now let's turn on the volume and we'll get a Lot more insight to really what occurred here because we can see The selling and the buying okay, so red dot is an aggressive market sell Green dot is an aggressive market buy Okay, what do I mean by aggressive? Let's zoom into this area here where we we think that a lot of trap volume that got squeezed and will continue to zoom in here, so This is what I mean So here's the historical best offer the red line and the historical best bid is the green line Okay, this dot here isn't a market buy. Okay, and it's the aggressor because they cross the spread They didn't provide liquidity. They didn't wait. They just jumped in the market and they took liquidity from this price level Okay, that's the aggressor Here's the aggressive seller here market sell. Okay, and they're hitting the bid here Same same thing and look at this phenomena here that we see. This is something that we cover In the advanced order flow Webinars, this is called a sweep of the limit order book Okay, so as we came up here, there's a little bit of selling in here Okay, you can see the little red dots here, but what really occurred here is These buyers these aggressive buyers here they took all of the liquidity from one price level moved up to the next they took that It came up to the next level and they took all of that and they just pulled the market up They lifted the offer Okay up out of this little range here. This is very microstructural range But nonetheless, it's holding true and look where we accept above that little range here This is what I talked about in terms of the trapped volume Okay All right, and we can see a shift in that order flow right in this area here Okay, look at the selling here the now this pie pie display pie chart. What is this showing us? It's giving us the overall Volume okay, what the delta is so about you know, three quarters of this is selling and about a quarter of it is buying Okay, we can use this data tip tool hover over that and and we can see exactly what Occurred here. We have all the market data here. We have the date the time Okay, the time is also down to the millisecond in this in this case you can see the liquidity here on the bid And and then the volume that traded here. Okay, so 598 contracts traded here at this price level of 6238 and 0.805 now this is why is it 0.805 18 395 it's because it's giving you we're giving you the VWAP of this of this big Dot here. Okay, so let's zoom into this dot and you'll note how we're pulling apart all of that trading activity And we're showing you exactly what occurred here Okay, and yet we'll continue to zoom in here and you'll note how we have every single market event that took place Okay, and that now we're looking at microsecond level Okay, and what this is giving us is information to how these markets actually trade Okay, so we can see that 22 actually traded here 22 contracts all in all. Okay, and if we can continue to zoom in We can see each dot and what it represents as a as a transaction Algorithmically, this is how the markets trade they break up the size and then they they trade in little clusters like this Okay, look at the spacing And look at you know, how mechanical this is. Okay, so we have a very clear understanding. This is an algorithm that's hitting the bid Okay, so now as we zoom out Okay, and I compress the timeline and now we're down at millisecond level so thousands of seconds not millions of seconds and we've Consolidated or aggregated that just visually or graphically into a bigger dot Okay, so volume of 22. Okay, if you want the information on exactly what occurred just zoom right back in okay, it's all All it's all there all that market data is there. Okay, we can also see a little bit of a lag here in The trade data versus the quotes data and why is that right? Well, they come make this is just how these markets operate this trade data Came in via a different protocol compared to the quotes data and there's a distinction between the two Okay, there's a little bit of lag here. Okay, we can see it over here as well Okay, it happened so quickly that the there was a little bit of lag in the in the between the two different protocols that came into Into the into book map. Okay. Now that comes from the data provider. It's not we just plot the data. So You know, it's a you can start to understand that a good data provider if you're trading that, you know, really low time frames It's going to be important for you Okay, now as I zoom back out look at this phenomena here Okay, same phenomena that we just witnessed before okay a sweep of the limit order book Okay, and look at the retest here. Okay, right back to where we broke from and we continue to the downside Okay, so this is the microstructural areas that I'm talking about and the insight we're getting with the volume Okay, you're not even going to be able to see this and make these these distinctions in this microstructure to how price is actually trending nicely in this microstructure to the downside you're not even going to see this in the Footprint chart it's going to record you know that the actual Number of contracts that traded and it's going to give you a number But that figure is going to be aggregated within a candlestick time or a bar rotation Okay, you won't see that the the fine details of the structure and the break and then how we can see here That structure we see a change Okay, we actually see another one here But this this one this one failed the sellers came right back in and pushed it lower this one Did not fail All right, and we see the move to the upside Okay, anyway, that's the traded volume. That's the insight that you get with the structure and the volume right and now let's zoom out and come back to the current market and Now what do we? What else do we want to know here? Okay looking at the The traded volume is important okay and understanding where it took place within these candlesticks for example Look at this nice cluster up here. This is exactly where all this volume traded on this in within this five minute period Okay, so looking at more volume at a higher area here. We continue to the upside Okay, they hit the hit the bid pretty hard here and they were below again a microstructure Okay, this structure here All right, so you can see this is fractal as well as we zoom out And these little breaks of structure happen all the time It's how you how we trade to new levels and we're one is occurring right now Let's see if we can get maybe up above this swing At 62 41 and a half. Okay, that's the the target here now Why is this a target? Well, there's gonna be some stops that are probably up in this area But we really want to know The this information in the limit order book Okay, and this is the dome or your depth of market here in book map. Okay, your current order book column here Okay, so we have the price ladder and then these numbers are contracts That traders here on the offer for example, they want to be sellers at these levels They want to be buyers at these levels below current price Hey, they're lining up to deal in the In the depth of market. Okay, this gives us a lot of insight We can start to understand where larger players Are providing liquidity and the market needs liquidity to trade There's all sorts of ways of understanding the liquidity but Basically what we want to understand here Is where the majority of these traders are to gain the most insight? Okay, and you can see we're trying to reach these guys up here around this 43 level Okay, and then we see 45 pretty high liquidity up here, too Okay, but note that you know, we just now we just tested 43 here. Okay, and Looks like let's see if we can get up to 45 now Okay, because there's high liquidity here But note that that information is gone now at 43. Okay, we traded into it And now we don't we don't know what the liquid I mean we can see the current liquidity at 50 or if it was 47 and now 36 so That data is lost This is where book map solves this issue is By recording that historical data and now we have it here on on the heat map. So in this window here We can see the historical or that the current best bid and offer Okay, last traded volume is this number and then now we can see the liquidity. So look at the liquidity actually This is called a flip of the book They're flipping from the offer that we saw here at 43 to the bid side at 42. Okay So it looks pretty poised here to come up and test 45 now All right, so this is a kind of phenomenon that you can witness here in book map very very clearly Right because it's just right here in front of you. In fact, let's turn off the candlesticks because they get rather distracting Now we have the insight. Okay, so buyers are up here at a higher level Okay, they want to be buyers up here now. So it looks like this breakout at least at the moment is sustained Hey breakout of this area here around that 41 actually We can see the book getting pretty thick here Okay, doesn't mean that it can't trade into that and trade back down maybe to 40 And find buyers here. These guys may pull But what we'll see we'll see if they get tested and we'll be able to answer that question Okay, but then we can see it 42 and a half. They're starting to pull already a little bit anyway That's where it gets really interesting here in book map is because we take the data From the limit order book and record it and then plot it onto the chart Okay, so now we have a very clear understanding of the auction Okay, historically Look at the look at the sellers up here in this area Okay, and look at the buyers down here. Actually the swing was down here But they're they're bidding up at a higher level here. Okay, this is bullish All right And then they're lowering the offer down here. Okay, but we break through that area Let's zoom into that area because uh, this is the kind of insight that you can see Okay, in fact, uh, we uh, we trade into this 62 40 Okay, and look what occurred Okay, we can see that they stayed in the book. This is real liquidity We can make a distinction and we can give a lot of value to your limit order book Because we can see that it traded Okay, we know that this is fact Right, so a lot of traders will say well, I look at the limit order book But I don't really follow it because um a lot of it's fake Well, this is real And we just made the distinction between what is real and what is fake. What about these guys up here at 41? This is fake They pulled Okay price came up here and they pulled All right, we can also start to understand these players at these levels because they pulled here And then we see you get bright up above here in some of these areas So they're pulling from 41 and adding up here at 42 All right, so Now now we have all of this data in front of us and we can start to see and understand Uh, how these uh, larger players are starting to position themselves Anyway, that's just uh, one of the insights, uh, and um All right, so uh, let's see. We came up to our 45 area. Okay. That's what we were uh, we're looking for We got it now the higher liquidity is up here at uh between 46 and 47 All right So you can see how Liquidity and volume uh interact with each other And uh, how the market needs that liquidity uh to trade Okay, and we can start to make the distinction between That liquidity that is real and that liquidity that is fake Uh, and that offers a lot of transparency and insight to making much more informed trading decisions here All right All right, guys. Well, uh, let's uh, let's call it a day and for those of you who uh, it's great to see you in here that A lot of you guys are now coming to both webinars here and That's that's fantastic So the we go through the book map basics and and answer any of the platform questions that you guys have and Then we go into detail In the next webinar Okay, and really get into uh understanding the order flow and then we start to anticipate price movement Okay, just like we anticipated this move into 45 Okay, uh, or the test of 43 and then the move up into 45. Okay So anyway, uh, let's uh, we'll wrap it up and then uh, we'll see you in the next one. Okay Thanks guys