 Welcome to the Bookmap platform. It details webinar, 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 go to bookmap.com. We'll go through some of the website and where you can find Bookmap. You get a 14 day free trial of the software. It comes with education. You get access to the advanced order flow webinars as well as the bookmap educational course and some other resources. If you have any questions or comments you can reach out to us at support at bookmap.com. Let's go to the website here. We'll start at the top and just click on explore. There's an intro video here for those of you who are new and just watch this to get a feel for what bookmap is. Let's just scroll down here and find out more about bookmap. You can sign up for the webinars. This webinar, for example, it will change on Friday afternoon for next week. The link will change and there will be a new webinar series for the entire week. More information here about the platform, its benefits, and then there's the connection to the NASDAQ TotalView. You can access all U.S. equities now in bookmap. This is a real nice bonus. A real nice feature. The data feed is excellent. Let me know if you have any questions about that. Else we'll look at some of the futures. You will need a data provider to connect bookmap to the live markets. We are a software platform. We're not a data provider. You will need one of these data providers or through the API for like Ninja, for example. We are a platform just like Ninja or TT XTrader Pro or Interactive Brokers Traders Workstation. We do connect to the API of these platforms here. Just like any other platform like Ninja or TT, you will connect it to CQG Rhythmic, Gain Capital, IQ Feed, Transact, whatever it might be. We connect directly to them just like these platforms. Pricing. Let's see here. Free 14-day trial with bookmap basic and advanced. 49 per month for the basic. 99 per month for the advanced. If you have special needs in your quant, you can reach out to us here. You can see here that the difference between the two are these add-on features. Being able to trade right from the bookmap chart. Then these proprietary indicators that we developed that look at specific players or imbalances or icebergs in the market. These are the proprietary indicators more geared toward the order flow. That's the distinction between basic and advanced. If you need a data feed as well, you can click here. You can give a 14-day trial period as well as get a free trial of some data through various brokers or exchanges or data providers here. That's that. If you can't decide which plan is right for you, you can click here to get the complete list. I'll just show you the differences here. If we scroll down, you start to see the differences here between basic advanced and quant. It gets down more in these areas here. You start to see what the advanced has and then what quant has. We'll just quickly go over the difference between that quant and the advanced. We've had questions about that recently. Connecting to your own data, any quant is going to want to be able to do that. They have their own data sets that they want to study. It's very specific data sets and you're able to do that. Display your proprietary indicators as well. There's that option. Then your order in the queue, the estimation of your order in the queue. There's that feature as well. There's something like that with Bookmap Advanced, but this is a bit different with the quant version. That's that. Some of our partners here. You can always reach out to us at support. You can contact us here. You can follow us on Twitter at Bookmap underscore pro. Then you can also subscribe to our YouTube page. What's going on here on our YouTube page? Again, if you're new, I would suggest watching some of these intro videos. Go through some of those. Then features and components. This would be the next step. You want to know what's going on in Bookmap, what it's actually displaying. You can go through the Bookmap basics here. Then some of the features and what they are and how you can work with them. Order flow video snippets. This would be the next step to take a look at. They go through what we cover in detail during the advanced analysis webinars. We're starting to understand phenomena that Bookmap uncovers with pretty concise videos here. They're usually just a few minutes. What that phenomena is, how to notice it, take advantage of it. This is the advantage that you're going to get using Bookmap. It's starting to really understand how these markets trade. Then to weave that into your trading strategies. Let's take a look at Bookmap. Let's take a look at what's moving here first. Just looking at some higher time frame candlestick charts here just to get an idea what's going on here. We just had oil inventories. That's moving. We've been watching Nasdaq for a while here. It's breaking a trend line that you can see that would be here coming down into an area. Maybe we'll stick with Nasdaq. I think that might be best. However, there is something to show very interesting in the crude oil. For those of you who are new here, I think you might get a lot of insight out of that. Let me cover that quickly. Then we'll look at Nasdaq. This is what I want to cover in this area here. We had 1030. You can see 1030 here. We had the crude inventories. You can see the volatility that incurred immediately at 1030. Notice that this is what I want to show. Just one very basic concept of understanding liquidity. What is liquidity? Understand how it relates to volatility. Let's click on this tool and we'll zoom in here. What we're showing in bookmap. Don't worry. I know that a lot of you want to understand exactly what all this data is here. I will cover it and then maybe we'll end up back here at Crude and just review this. It solidifies what we're covering here. Liquidity is from the limit order book. Traders lined up to buy and sell. They want to deal at specific price levels. Look at liquidity here in Crude. 487 contracts. This is huge. This is in crude oil. That's quite a few contracts because we know that you can see here on general. It's roughly in the tens. Sometimes you get into the hundreds, but that's pretty high liquidity in crude. It's pretty thin market compared to some of the stock indexes or the S&P. Anyway, we want to understand that. This liquidity, you can see here. This is a good example at 5480, 155 contracts. This white line here is bright white. We're coming up to prices coming up to that area and it doesn't take the liquidity here and it trades on down. But the market needs liquidity to trade. It's just like any auction. You need to have buyers and sellers in the auction. Look at this little area here. I can pronounce this area pretty nicely if I just bring up or bring down. Look here at this little area right around 1027. You can see how they're pulling liquidity. Look how it got dark in this area here. That is the lack of liquidity. There's no buyers here on the bid or there's a lot less. There are some here as you can see. Then you can see this guy here or these players at 5480 stayed in the book. That's what we trade into. Actually, we trade through and down into more liquidity down here. But this volatility here, well, if there's no one on the bid, and everyone, let's just say everybody pulls from 55 here and they provide liquidity down here at 5485, something like that. The next trade that takes place, if you hit the market sell button, the next trade is actually going to take place down here because that's where there's someone that's bidding. You get a lot of volatility when they start pulling liquidity. When do they pull liquidity? Usually before economic events or it could be geopolitical tensions or maybe it's just some sort of market condition where the traders pull back. They don't want to play in the market. There's uncertainty in the market. Well, you get a lot of volatility when there's uncertainty because a lot of traders don't want to participate. This is a microcosm of that before this economic release. That's why you get the volatility. You can see once the news comes out, players start to digest it, understand it, and they start to come back into the market. You can see that right in this area here. You can see them starting to come back into the market. Anyway, this is just a quick note on liquidity and this fundamental release, but I don't want to go over crude. We'll stick with NASDAQ. Taking a look here at the NASDAQ. Now let's define what all of this stuff is because this might be a little overwhelming for any of you who are new here. It's actually really simple data. There's three things being displayed here in this chart, in the historical chart. This is the current market over here. I'll cover that in just a minute. On this historical chart, all we're looking at is historical, best bid and offer. We're looking at the dots here, which is the traded volume on the historical best bid and offer. Then this grayscale heat map that you see, all of this grayscale here, is just the buyers and sellers adding and pulling liquidity. That's it. Those are the three items you're looking at here. This is a very objective, simple, and transparent view of the marketplace. It's more transparent than anything else that I've witnessed that very cleanly gives you the current and historical view of the market. It's not an indicator. This is not an indicator whatsoever. It is just the market. We're displaying it here. Anyway, look at the absorption down here. Nice absorption on the way down here. You can see the reaction back up to high liquidity here. Anyway, let me digress a little bit and let's strip away a lot of this data. Let's just simplify this and we'll start with candlesticks. I'm going to strip everything else off here. Let's zoom out. What are we looking at here in bookmap? We're looking at a five-minute candlestick chart. Very, very simple. We all understand open, high, low, close of a five-minute period. The problem with this candlestick chart is there's all sorts of data here that is not being displayed. We have no clue about microstructures in these areas. We just see the wicks and the bodies of the candles. Now, you might start to read some of these wicks. Traditionally, we put these together in a pattern. This is a nice little reversal pattern right here, for example. We move to the downside. Just a quick review of this candlestick pattern. I don't know what it's called, but we see the quick move down. We see that there's a wick here. There's some buying pressure. We see more buying pressure come in, but we haven't really closed above here. We see more buying pressure and we actually close above these two candles. This is a buy signal for a lot of different candlestick patterns or for this particular setup. It totally failed. There's all sorts of insight in here that we're just not getting. That's the problem here. Let's just turn on historical best bid and offer. Now we have a much better understanding of what really occurred here in structure, the microstructure within that five-minute period of the candlestick. Here's the quick move down, some sideways action. Here's a nice little double bottom. We break a little bit of that structure up here, but we are down below this structure here. Let me just draw that in quickly. We are down below this structure right here. We have broken down below it. It looks like price is accepting down below this cluster of information or data here. Price was pretty happy up here and then something happened here right at 10.54. We see the move to the downside pretty quick. Then we see that we actually come back up to test where we broke from on this swing here. This is a beautiful test of that area right to it at 62.76. Now we want to understand if buyers or sellers are in control here in this area. This candlestick is not showing us any of that. We have a sub chart here of volume, but we don't know the aggressor. We don't know what type of volume traded. We don't know where it traded within this area here. We want to know how much, what type, and exactly where. Let's turn on the volume and we're going to get our answer. Here's the aggressive selling. The red dot is an aggressive market sell. The green dot is an aggressive market buy on the historical best bid and offer. We come back up. We test this area here. Let's zoom into this area and let's get further detail. We see nice little aggressive buying here actually pulling price up out of this structure. That was kind of like that candlestick pattern. But look at the pullback here. Then we come back up and we test. We don't even test back to the high here at the 67 area. Then right when this candlestick ended here, anyone who waited for that candlestick to close, they're going to be pretty trapped. They're buying up here right at the wrong moment. In fact, we see the sellers take control here, really move price down, and we get the same pattern that we're just looking at. A retest to where we broke from of this microstructural area here, this cluster of volume. Here's our retest right here. This is one of the patterns that we look at in the advanced webinar every day. There's a couple of good examples of it today or here just in front of us. One is right here in the higher time frame. The other one is the break here. You can see another one here. You can see another one here. We can even go down a little further and we can see it down here as well. There's one, two, three, four, and then the bigger picture, five examples of this pattern. What we want to understand though is who's in control. In a downtrend, look at the volume. We see aggressive volume trading at lower lows. Binds starting to come in at these areas down here, but sellers are still in control. Look at the retests back into these areas here. We're getting very little volume. It's exhausting out basically. There is some volume, so it's not complete exhaustion, but there's a lack of trading activity here. We rotate lower because the market can trade lower. It has previously traded lower. It will find sellers lower or buyers. It rotates lower and then we actually get the trend. The trend initiates here at this point because we break below this swing. Actually the bigger picture, the trend initiated when we broke down below here. It continues here. Now we're making a lower low. We have price discovery to the low side. Then we get another retest here. We see very little trading and we get more price discovery to the downside. Nice little trending action here. All of this information is completely lost in that candlestick. We have no clue to any of that. These are excellent areas to really optimize your trading. This is something we cover in the educational course that we have available as well. I think you guys will find it very helpful. The traded volume is an important part of order flow, but it's only really half the picture. In fact, it may even be a lot less than that. All this other data about where they're lined up to bid and offer in this auction is missing from this chart. This is the view we're usually accustomed to seeing is all of this dark area here. Well, we don't know what's going on outside. This is where Bookmap offers something unique because we take the limit order book information here in the dome. This is the current market. These numbers in liquidity are always changing in the dome, the depth of market. When these numbers change though, we don't have any historical reference of that data. What was it before? Were they bidding there or offering there before? What about the other areas around it? Were they front running it or were they on the retreat pulling liquidity from these areas and adding it higher? What about on the bid? Were they being aggressive on the bid? These are all questions we want to know and it's hard to look at these numbers and remember all of that. Where Bookmap solves that issue is with the heat map. You can see here this is the current market as well. This is a little too much here. I did that to make a point. That's a little bit better. Look at these areas here in this window. This is the current best bid and offer and this number is the last traded volume. This heat map is a graphical representation of high liquidity. If it's really bright, it's high liquidity. If it's darker areas, it's less liquidity. Here are 68 contracts up here. Here are 79 here because it's brighter. Here's 92 down here. Where this really gets interesting is we take this data and we project it onto the chart historically as we're scrolling through. You can see these striations that you see here that is the adding and pulling of liquidity at this 62.55 level. We can see that they added liquidity here where it got brighter. They pulled where it got darker and then they added again. We're determining in this auction we can see the previous behavior of the players at these levels. This is actually bullish at the moment because they're bidding up. They're starting to front run this higher liquidity at 55. Now they're at 55.25. What we want to determine and then we're going to get our answer right now and there it is. There is our answer. What we want to determine is when price comes down toward these guys is this real liquidity or fake. We can answer that right now. This was fake. A lot of it was fake, especially at this level at 55.25 because they pulled. We see some transactions, some aggressive selling that took place here, but we can also see that they pulled that liquidity. What was bullish, now we have our answer. No, it looks like 54 is really where they want to deal. Now we're coming down to test them and we're getting our answer here as well. They're pulling. Where are they pulling to? We can see exactly. Zoom in just a little bit. Look at this area where it got darker and where did it get brighter? Another point below. This has got to be the same player. Now we're starting to not only identify and determine if this is real or fake liquidity, but we're starting to answer questions of specific players. This has got to be the same algo or actor pulling liquidity here and adding lower. This is just how these markets work. Now we're starting to understand where these markets can trade and what the intent of these traders are in this auction. Let's just wrap it up, go back to oil and crude here. We need liquidity to trade and here's before our fundamental release here, inventories. There was no liquidity here. They pulled it all until it came down into these areas here where it found liquidity. It came right back up and look at the guys layer in here on the sell side. This could be potential spoofing as well. We want to answer that question. Do they have the intent to trade or are they bullies in this marketplace skewing the limit order book with high liquidity here showing massive supply to try to get price lower? We can start to answer some of these questions by reading it. This is what we do during the advanced order flow webinars. Anyway, I'll leave you with that. Let's wrap it up and we will catch up with you for this webinar tomorrow at the same time. Else, if you are in the advanced webinar, we'll see you in just a minute. Thanks guys. Bye.