 Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Wrist disclaimer, trading equities and futures involves a substantial risk of loss. It's not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, you go to bookmap.com. There is a free 14-day trial of the product. It comes with education. You get the Bookmap Educational course and you get access to the Bookmap Advanced Order Flow webinars that start in about 25 minutes. There are other resources that come along with it as well. And if you have any questions, you can reach us at support at bookmap.com. So let's take a look at the Bookmap website here and just quickly go through it. Here's the home page here. Let's click on Explore. Drops us down into the intro video here that you can see. And then just some various information here about Bookmap, what it is, and some of the advantages. Advantages here with NASDAQ TotalView. It's not just for futures. You can also connect Bookmap now to US equities. You can read about the data feed here. This is a new feature for the last, I don't know, two, three months or so. It's a great data feed. Here are the other data feeds. You will need a data feed provider to connect Bookmap to the markets. We're just a software platform. You will need a data provider. So these are the ways that we connect Bookmap. As you can see, some of these are through the API of a trading platform like Ninja Trader, TTX Trader Pro, or Interactive Brokers. But we are a trading platform just like some of these. So you can connect directly with your data provider, like CQG, Rhythmic, Gain Capital IQ Feed, Transact, or the Dev Experts with that NASDAQ TotalView. Here's the free trial. You can see it's for 14 days. There's Bookmap Basic or Advanced. The difference between the two are the add-ons. Other features that were built out to enhance the basic version. So for example, you can trade right from the Bookmap chart. And this is a significant advantage because you have the liquidity map in front of you. This allows you to hide your orders behind high liquidity, for example. Or you can front-run high liquidity. So you can react to the other players that you see in the auction. And that's the advantage that you're going to get with the one-click trading. You can also get access to these proprietary indicators that we put together. For example, the large lot tracker, this allows you to see some of the larger players in the limit order book. There's some imbalance indicators. Iceberg Detector allows you to see orders that trade that weren't in the limit order book. And then there's a correlation tracker. If you're a quant, you can reach out to us here. You're going to want to connect to your own data and have your proprietary indicators as well. If you need a data feed, you can click here. So you can get a trial of a data feed along with your trial of Bookmap. Usually data providers offer a two-week trial period. And if you can't decide which one you want out of the different features here between Bookmap Basic, Advanced, and Quant, you can click here for a complete list. Social media, you can follow us here on Twitter at bookmap underscore pro. And you can see all sorts of things here. So for example, look at this nice GIF image showing this ignition algo here. This is an algorithm that is pushing price up, trying to probably get it filled up into maybe this area up here, and skewing the auction. So great stuff here, all sorts of other resources and things that you can access following us at Twitter. Or you can subscribe to our YouTube channel. If you do, I would recommend watching some of these intro videos if you're new, and then get to some of the features and components to understand the user interface of Bookmap, and then get to these order flow video snippets. These are very concise videos that go through the order flow phenomena that we go through in detail in the live Advanced Order Flow Analysis webinars. So this webinar here is for everybody. It's open to everybody. It goes over the features and components of Bookmap and the basics of order flow, and what you're looking at in Bookmap. The advanced webinar goes through more of this kind of content here of understanding how to trade using Bookmap by what Bookmap is showing you and how to react to it, and understand this phenomena. We'll go through a little bit of that today. Let's take a look at Bookmap. We've been looking at the NASDAQ for several weeks now, because S&P really hasn't been moving, although it's been moving a little bit lately. But usually we cover that S&P. We can see the bullish activity today, no question about it, and we found buyers. So just looking at the bigger picture here, because it's always important to get that across. We're up at all-time highs again today. So we can see the pretty significant move to the upside here. We're going to see some pretty interesting stuff in Bookmap. So let's take a look. All right, so here is Bookmap. And when you look at this, especially for those of you who are new here, you're probably going to think this is like nothing I've ever seen. And it looks very foreign and complex. It's actually the opposite. It's very simple data. And we're giving you a very transparent, objective view of the market, more objective than looking at volume bars or candlesticks, et cetera. Whatever kind of bar, rotation, point and figure, footprint chart, they're aggregating data. And Bookmap is not. It's showing everything. And that's one of the advantages you're going to get using Bookmap. So I'll get into what I mean here. And let's just bring down this dot size for a moment here. It's a little too big. OK. So what we're showing in Bookmap is really three things. We're showing historical best bid and offer. We're showing you the volume where the volume traded on the historical best bid and offer. And we're showing you the historical auction, the limit order book, the dome, but recorded onto the chart. That's what we're looking at. We're looking at just those three things. Looking at a beautiful flip of the book here. This is a phenomena that we go through in detail. And I'll get to it a little bit in about 10 minutes or so. But so those are the three things. So we do have an indicator subpanel here. I'm going to actually close that up and shows the cumulative volume delta. And we have a subpanel here as well for volume. This is just bar volume based on time. Not showing you exactly where. So anyway, I'm going to take off these layers of data. And we're going to go through it in detail to show you exactly what you're looking at in Bookmap. Here is a five-minute candlestick chart. All right. So we're all pretty accustomed to this view. We understand what it is. Open, high, low, close of a five-minute period. The problem here with this view is a lack of transparency. We have no clue where the volume traded. We don't know what size that volume was and when and where exactly and what type of volume it was. Obviously, it's going to be a lot of aggressive buying. But today, we still have no idea where this volume traded. Now even beyond that, a lot happened within these five-minute periods. There's all sorts of microstructural detail in here that gives tremendous insight. It's all lost within this bar because it's aggregated all within one bar. So if I just turn on the historical best bid and offer, we're already going to see a lot more data. That's all I've shown here on this candlestick chart is historical best bid and offer. But we can start to see all sorts of little ripples here and understanding of what maybe this WIC constitutes here. We come up here. We come back down a little bit, go sideways, and then drop down a little bit. Then we come back up and break out to new highs again. But we really don't have an understanding of that looking at this candlestick chart because it aggregates that data. And that's part of the problem here with this candlestick chart. Now the other side of that problem is the volume, not knowing where the volume traded. So if I turn on the volume dots here, now I know exactly what occurred. So let's zoom into this little area here up here. So this is what occurred. And we can see between this bar and this bar is five minutes. Well, what actually occurred here was we can see that the beginning of the bar, we broke out to a new high above this swing right here. And there's a microstructure. I'm getting a lot of latency here. I'm not really sure why. Anyway, I can draw in a line here. This is the swing up here. Well, look at the pullback, right to it. And then we saw continuation to the upside. Starting to see maybe some sellers starting to come in here in the order flow. We can see them. Let me cover what the dots are displaying here. If we zoom into this big dot here, I'm going to break apart all those little trades. And I'm going to show you every single action or event that took place. Some latency here between the best bid and offer and where that volume traded. So that's why it's off of it. But because these markets trade very quickly. And these best bid and offer comes in via a different protocol than your trade volume. So sometimes there's some latency between the two. Anyway, in this section here, here's a very simplified version of what's going on. We have historical best offers, a red line. Historical best bid is the green line. And these dots are transactions on the historical best bid and offer. A green dot constitutes a market buy. Someone hit the market buy button here. They cross the spread. They paid up the spread. And they didn't provide liquidity. They took liquidity. The liquidity provider was here with these 20 orders or contracts. The limit order book is the COB column here, current order book. User traders lined up here to provide liquidity. They want to sell at these levels. On the bid here, this is where they want to buy at these levels. Someone hit the market buy button. They took the liquidity that was being provided here on the best offer. Market sell is the same thing. It's just that they're taking liquidity off of the best bid. Now note how these dots here, we can continue to zoom in here. And I can show you every single event. That looked like it was actually one big trade. So it's not breaking down. But we can zoom into other little areas. And we can see one event as well. But I can show it in a different way. I mean, we're zooming in to nanosecond levels. We have the capability of doing that. The complex event processor and book map is able to show you every single event at those levels. Very, very low time frames. Now as I zoom out, though, note how the timeline compresses. And we're showing all of this data here in just a bigger dot. That's what's really occurring here, is just we're visually or graphically aggregating the data together. And you'll see as I continue to do that, just it becomes a bigger red dot. We still have all the trade data here. We can use the data tip tool and hover over here. And it says 108 contracts traded here. We have the date, the time, what was on the bid at this price level, and the volume it traded at this price level. As I zoom in, though, we can split apart all of that. And we see exactly what occurred. So that's how we're recording the data. And that's just the volume part. And then note how as I zoom out, we saw both buying and selling in here. So we're giving you the overall shape of that with the pie display. And the pie display is really showing here pretty much 50-50 out of these 241 contracts that traded. 120 are going to be aggressive buys, and 120 would be aggressive sells, more or less. But you can see down here, the majority of it is buying, pulling the market up. They're lifting the offer. And we can see that. It was very typical in order flowing a trend. Noticing more volume trading at higher highs. We see kind of a change here in that order flow here. More selling starts to come in. We're still holding structure here. I mean, the swing is here. So we're still bullish at this point, even at this point down here. Anyway, all right, so that's the traded volume. That's only one side of the information, though. And most of us are only accessing that data, to be honest. There's so much more going on here that gives us tremendous insight of what's going on in the market. But we don't see it here. And that's the historical order book. How do we usually look at the order book? Well, we look at the current order book. And the current order book is your dome, your depth of market. This is the current order book right now. Here's our best bid and offer right here, the dash red and green lines. This number is the last traded volume. Here's our best bid and offer here in the current order book column. Here's our price ladder. And then these are traders that want to sell. They're providing liquidity. And these are buyers at these levels. This is where they want to buy. These numbers are changing all day long. They're pulling, adding liquidity in the auction. That's what's going on here. Now, the current view of the market is good. It gives us insight to where areas of high liquidity are. We can see up here at 63.82. Around the bid, maybe down here at 75. So we have that understanding by looking at the current snapshot. But when these numbers change, then that current snapshot is we don't, or that previous view that we just, where we just came from, we don't have any record of it. And that's the problem with the dome. Because you'll have to remember those areas where there were buyers lined up, how they behaved, what about areas in front or behind? Those buyers, were they front running, or were they pulling to lower levels, et cetera? There's all sorts of things to read in the auction, which is very difficult and challenging to do by looking at the dome, the numeric current snapshot of the order book. So where bookmap solves that issue is we record it. And we start here in this window, which is the current market window. And you see how at 78 here, they had high liquidity, and now they're probably up here at 79. They just pulled, and they added up here. And note how this area here gets a little bit brighter. These areas are changing, too. When the grayscale changes, it is reflecting the liquidity in the order book. So if there's more liquidity, these areas are going to get brighter. And if they pull, like they just did here, as we can see, well, then it's going to get darker. So that's in this current market window here. Where this really gets interesting is we take this data here, and we record it, and plot it onto the chart historically. So here they are. Here's the story of these traders up at 81 and then at 82. So now we can start to look at a bigger picture, much bigger picture, of the auction and how they previously behaved at these price levels. And if they're still interested or not, or if they traded, we can answer those questions. I mean, emphatically, we can answer those questions. We know the truth. Did they stay in the book, and did they trade? Well, we can zoom right in there. And we can check it out. So did these areas trade? Absolutely they did. Look at the high liquidity. If I hover over here, 194 contracts. And if I go back here, well, out of those 104 contracts, well, they continued to, no, we're going to get an iceberg here. That's what's going to happen. Actually, 302 traded. So now how is that possible? There's a number here that is being hidden, because we'll have to, there it is, 108. So actually, not only did this liquidity trade in here, and they stayed in the book with these contracts, but there's an iceberg order. Actually, it looks like it was waiting ahead of a lot of that liquidity, because that traded first. And so that's how, even though we see 194 in the book, 302 contracts traded. So we're looking right at a larger player using an iceberg order, getting filled at these areas. It's liquidity that wasn't in the limit order book, but it traded, and that's an iceberg. So they're absorbing here. Larger player is absorbing up here at 6380. That is fact. And we know that these guys at 80 as well, they're interested in being sellers here, because they stayed in the book. This is not fake liquidity. They stayed. So we can answer these questions. Now then they started to pull, and then they started to add back in as well. And price reacted. It traded for a little bit, and then it veered away. So it's going to stop, or they absorbed a lot of the buyers here. Need to find more buyers to trade into these areas here. And we did. The buyers came up here and traded into this area. And not many, just a volume of one. But still, and then here's another one, volume of one. But the majority of the traders at that point decided not to take these guys on until here. And we see the same story. A little bit, some of it was filled and it remained, and then some of it was pulled as well. And that's why the buyers were able to trade through that area. So now, going through the details of this here, though, it gives us a lot of insight. And this is different than looking at some sort of indicator that has a crossover or some sort of signal that it's overbought or oversold. This is factual data of just knowing where traders, larger traders, are in the market here. They have conviction in their trades. They have transacted, and we know that. And that's the big difference here. So now we understand that there's potential here for maybe some of the buying to exhaust out and the potential for reversal to find more buyers, because buyers, maybe they start to exhaust out here. And that is kind of the case here in this instance. We're still bullish, though, because we're still finding buyers down in some of these areas here. Now we make a double top, though. We don't even come up to the high here. So just from reading this information here, we're getting tremendous insight. We're going to see also here other areas of high liquidity and then absorbing probably here. So we can see that that's starting to kind of slow down the market up here at that 80 level. And in fact, that 80 level is just about to get retested here again right now. So anyway, this is how we start to begin to analyze the market in the advanced order flow webinars. And starting to understand these areas. Starting to understand really what's going on, not based off of some sort of indicator. We're just looking at real market data here and understanding what's going on in this auction, where traders are committed and where they're providing, where they're lined up and showing interest to buy or sell. So for example, we'll end it here on this one. But we can see here a phenomena that we go through all the time in the advanced order flow webinars. This is called a flip of the book. There's high liquidity here at this area around 75. High liquidity, 139 contracts, well, 109 on one level, 133 at another level, 85 at another level. They wanted to be sellers here. We kind of come up here. It looks like they actually polled a lot of that, but maybe some traded, some traded, no question. But then some of it polled and these sellers that were providing high liquidity here are now buyers right on the other side at the same price level exactly. So the order book has flipped. And you can very visually see that. And we can see that it's bullish. Because it's supporting this area where we broke out from. Right here. So one of the strategies that you can employ is looking for pullbacks to these areas to get involved in the market and look for continuation to the upside. This one would have worked out really well. Anyway, let me leave you with that. And I wanna show you where you can find that flip of the book. There's a video on it. It's about three minutes long. It's right here. So go to our YouTube page and come down to order flow video snippets and here's flip of the book. All right. If you wanna read more or find out more about what this phenomena is. Okay. All right guys. If you're in the advanced order flow webinars, we'll see you over there. Okay, bye.