 Okay, so welcome to the bookmap platform details risk disclaimer trading equities and futures involves substantial risk of loss It's not suitable for all investors past performance is not indicative of future results So in this webinar, we're going to go through some of the details in the platform as as you can see from the title And how you can some of the resources here in book map. I just want to point to them So let's let's do that And then ask questions any questions that you have about the software. I'll go through in detail Okay, so I go to book map calm. Let's click on explore. There's some intro videos up here. They're very short I would recommend watching those to give you a good overview of what book map has to offer and Then let's go down to the pricing tab here. Okay and This is where you can find book map if you want to give it a try now you get a 14-day trial period Okay, there's a basic. There's two versions only Basic and advanced. Okay, 49 per month 99 per month build quarterly Okay, you do you get the 14-day trial period with either of them though doesn't matter And the differences between the two are mainly the add-ons and the ability to trade from the chart So the one-click trading and then these add-ons that are a little different than Your typical indicators they go more in-depth to order flow type of indicators looking for imbalances or larger players iceberg detectors etc Okay, now there's two other versions here. This the basic and advanced. It's the same as over here It's just packaged with the DX feed now the DX feed is for equities only it's not for futures And the DX feed You will not be able to trade live off if you have that book map advanced version. You won't be able to Trade from the chart Into a funded account you can trade in SIM, but you cannot trade in the funded. Okay Let's see here Felix welcome back Felix. I think you've been in here last week You want to see CL. Okay. Yeah, we'll take a look We'll see how CL is moving as well So anyway, that's the DX feed. It's only US equities is not for futures. You can get a 14-day trial period of it as well However, it's going to be delayed data. So if you want the live equities feed It's 59 a month. Okay now you can you can do the trial and then just Purchase it and then you'll you'll get the The live US equities feed now you don't need to have the package deal here to get it You can also subscribe to it and basic or advanced if you're using it for futures right now. Okay. All right Let's go through some of the resources Once you become a member in the book map portal, there's all sorts of videos and education features here to take a look at Let's go into our Twitter feed. You can follow us on Twitter. You'll get the most up-to-date information here and then Here is our YouTube page. Okay, so if you're new and Reaching out to anyone anyone new here in the room. Just taking a look at some of the names here Looks like there might be a few of you guys who are new okay, so Yeah, let me know let me know and let me know if you have any any specific questions happy to go go through it That's what this webinar is all about Okay anyway If you're new Again, here's the two-minute intro video They give you a good nice little overview and then there's the features and components videos here So you can get a feel for what book map has to offer with all the features Okay, a bit further down the order flow video snippets. These are videos that go through phenomena in the The book map advanced webinar that we hold and that's actually going to be in about 20 minutes and These little snippets here. It's about two or three minutes long They're not they're not very long, but they go through many of the the concepts we go in the advanced In in more detail. Okay, so Let me back up for a minute as well Once you go into trial You will have access to the the book map advanced webinars now We've made the distinction here so that you can answer or we can answer all of your questions with the book map Platform details webinar and then those who are using book map and want more insight on how to use It then we have the The book map advanced and it's only for those who are in trial or current customers. All right, so And we go through a lot of the information that you see here in the in the order flow video snippets Okay, there's also a book map education course. That's not about book map. It's about order flows about these markets It's about auction market theory volume profiles. It's just market mechanics. It's it's about a lot Of different things. It'll give you a good overview of what's going on out there in the market Okay, and it's a good reference to always come back to and then these webinars here You can access all the recordings here. Okay, right. So let's jump in and take a look at book map and Okay, so there's a lot going on here in the chart and let's let's go to oil here since that was requested Okay All right, and let me Change my dots. I was looking at big volume dots yesterday All right, that's a little bit better Okay, some nice exhaustion, I mean absorption down in this area here Complete rejection right back into the range and then to the other side. This is something we go through in the book map advanced videos or webinars but anyway Really good example of it. So we'll cover that today the Let's start off here and what is book map? It looks like there's a lot going on here It's actually pretty clear and objective information and I'm going to go through this and Just show you And layers of information. Okay, and what book map is showing you so if you're new here You you'll understand In about 10 minutes exactly what book map is showing you all right So we're looking at a regular candlestick chart here in the oil And it's a five-minute candlestick chart. Okay, every vertical a dotted line here is 15 minutes And then we have five 10 15 minutes of data with each five-minute candlestick It's open high low close of that trading period that five-minute trading period Okay, so now That's only four data points that you're looking at and you're making financial decisions most of us Have been have been trading the candlesticks for quite a while Okay, it's only four data points and there's so much more going on here That we are missing that can give insight tremendous insight to a much better Probability for for a trade okay, and let me let me let me cover that all right so for example Where's the volume? We have no clue Where the volume is on this on this candlestick, okay? We have a volume sub chart. That's good That that shows us the you know the data here within a five-minute period It's a little different here in book map and you know, but anyway It would be this would be a pretty pretty big volume spike right here on this candle Where did the volume take place? What type of volume was it? What was it aggressive selling or was it aggressive buying? how much and What about some of the other areas in that five-minute period? Okay, what about some of the little structures that were broken within this five-minute period all of this information is not here All right, and that's a problem Okay, and book map solves that problem. Okay. Let's just turn on historical best bid and offer Okay, and here we go. Okay, then let me zoom in. I'm going to click on the hand tool hover over this little area and let's zoom in Okay Already just with that And and now it's we have five minutes between each vertical dotted line already. I have Microstructures that are starting to appear. I'm starting to understand that you know price came down here It was kind of trading in a little bit of consolidation here quick move to the downside Complete rejection of this area right back into the range to the other side of this range here We do get a retest and then it continued to the upside Okay, these little structural areas here are going to give us a tremendous insight of what happened within this five-minute period All right, so let's turn on the volume dots Here we go now we have an understanding of where the volume took place. What type of volume it is how much and Where where exactly is is the really the key? and And how much I mean, it's all important So anyway, let's take a look here and zoom into this area Okay, because what we're doing here is giving you the overall in the Let me just bring down a dot size a little bit here, okay, and like this big This big dot here or this big dot down here. Let's just use the rollover tool. I'll click on that hover over this area And it gives me the data of the specific area. Okay, so I get I get the date I get the time and the time is down to the millisecond. Okay, so that's important to know Because we're giving you very specific times And then what was on the ask here? You see there's 23 contracts on the ask Okay at 4704 at that price here in crude Okay, and then we have the volume on the fourth line of text. So this was a lot of volume tremendous amount for oil Okay, nineteen hundred forty eight. All right, and then that was at a VWAP of 4704 point three all right point oh four three Now This volume dot is giving me the overall I can see that basically about two-thirds of it is selling and a third of it is Aggressive buying okay a green a green area is market buy and Red is market sell so let me hover over this area using the hand tool or the move tool And I'm just going to zoom in really quickly I don't need to use the zoom in and zoom out you can if you like But you can just hover over and use your center mouse wheel and very quickly zoom into this area now notice As I start to zoom in I'm going to be pulling apart I'm expanding the timeline here and zooming into much lower time frames, and I have I've broken apart that big Volume dot that had one-third buying two-thirds selling now. I'm getting very specific data in in detail here Okay, I know exactly what occurred here in this area. Let's look at the low. All right Here's the low and here's what occurred. Okay, so Here's your red dot and the green line is your historic. Yeah, this is the historical Best bid red is the historical best offer. Okay a red dot here is an Aggressive market sell order. Okay, they hit the bid they took liquidity off of the the best offer. Okay, that's the way that we Define the volume here in bookmap and that's pretty pretty common but there are that others that define it other ways now the The green dot that's an aggressive market buy. Okay. Why aggressive they they cross the spread they lifted the offer and the transaction they paid up the spread and The transaction occurred here on the best offer, right? So now you can see Exactly what occurred here. We're down at millisecond level now I'm gonna hover over this dot here for volume of 16 and let's see if it's made up of several little trades And it is okay. Just three but anyway You can see how bookmap is behaving here. Okay, we are giving you every single And I can continue to zoom in look at our time frame now. We're down at millisecond level We're looking at millions of seconds here right our Complex event processor engine It can handle this data. Okay, we're gonna give you every single event Within the what we receive from the data provider. Okay now as I started now Most of us don't trade on these time frames, right? You might you may be if you are trading algorithmically But now I'm gonna zoom out Okay, just using my center mouse wheel and note how We're visually aggregating this and giving you the overall of what happened here. Okay in a bigger dot Okay, so that's how we're handling the volume and for this you can see the pie display here So you can understand that now You know probably about two-thirds of this or maybe a little less was aggressive vine and in a third Or a little bit more was aggressive aggressive selling. So you get the overall Delta of that volume Okay, this gives a lot of insight Okay, so now we understand what type of volume took place here We're note. We know that these guys are going to be trapped Okay, this is trapped volume Okay, there's a lot of selling that took place down here. They they they sold the breakdown here at 10-02 and They just got stuffed You can see how the aggressive vine came in They lifted the offer Went sideways for a little bit and then they got more aggressive here yet again Okay That's what occurred within this five-minute candlestick chart All right, we have a lot of insight. Okay, in fact, I would be looking for and let's we'll scroll forward and we'll see Look at the aggressive buying that that took place here. Okay, this is initiated buying Let's see if they come back and retest just down to maybe this area here and if there's still buyers in this market Okay Because this is one of the things that you in the candlestick you cannot see this But in book map you can because we have this microstructure here It consolidated for a bit and then it and then it they lifted the offer very aggressively Okay, so let's let's zoom out a little bit. I'm just I'm just curious myself Almost right to it. Okay, maybe a tick or two lower a tick or two lower for sure Okay, but this is where they initiated it This is where they're going to support it and you can see that All right, now, this is what we cover more in the advanced, but I want to give you some insight to what book map is Showing you and then how to start using this all right guys, let me know if you have any questions because You know a lot of you I'm sure Looking at volume profile market profile you know, maybe footprint charts and Book map is similar to a footprint chart here in terms of volume the one distinction though and this is a Benefit in book map is we don't aggregate the data. Okay, all of this data here is going to be aggregated within a footprint chart You're not going to see it Right, you're not going to see this little structure Because it's going to be aggregated within a time frame. So you're just going to see it just more and more, you know Well, here is going to be kind of sideways. You're not going to see the the aggressive vine Until here really in your in your footprint chart Okay But we can see this little microstructure and the break and the support looking for a pullback to where it broke from All right All right, I might be getting a little a little ahead of myself here. I just want to give you guys a little bit of the Understanding you know some of the things that we cover also in the in the advanced webinar. All right, so That's the volume. Okay now that's good But let's let's cover something more here. Okay, what about the The depth of the offer and the depth of the bid Okay, well, we go to a dome for that and most of us are very accustomed to looking at a dome Okay, so this is the dome and book map over here. Okay, all of the columns here that you see Let's just break it down. There's volume columns here Okay, the chart range volume profile in a session range volume profile It's just showing all the volume from the session or from this chart range So if I zoom in this profile is going to change to reflect everything within this chart range You can see where I'm going with this You know, you can trade VWAP this white line to the VWAP down here Or you can look for exhaustion in some of these areas and then look to be a buyer Etc. You get you have two different volume profiles to study anyway, let's get on to the Current order book the dome. Okay, here it is in book map best bid and offer right here It's reflected in this window as well. Okay dash green is the best bid dashed offer is our dash red is the best offer This number is the last traded volume All right, so we can see the numbers in here. Okay, this is your depth on the offer These are sellers lining up at the specific price level To provide liquidity they want to be sellers at these levels with limit orders Okay, it's the same here. They want to be buyers down here on the bid and they're providing liquidity at these specific price levels now Reading the dome You're looking for majority a lot of the times, you know, how they're how they're behaving you notice how You can see that we have pretty high liquidity that was here just here at 47 25 they're now they're back. Okay, so they're interested selling here at this area Okay, buyers are currently taking them on there. They're challenging them. Okay These numbers change all day long and although it's good. It's really good. It's it's it's transparent to be able to see the limit orders here in the dome and understand the liquidity that is provided in these in this in the market in the book and the problem is that Once these numbers change, there's no record of of what it was Okay, we have no idea It's it's completely lost and and that's an issue here and a book map will solve this issue by giving these numbers here a Graphical Representation in this window. So let me turn that on and it's going to be done with the heat map Okay, so that's the next level of data here. Okay, nice nice breakout here nice nice move We saw him take these guys on and they're you know, we're looking for well looking for 40 47 40 here, right? But above the these swings up here for sure and we're just about there at 35 okay, anyway the The liquidity here is given this graphical representation look at them pressing up underneath here with high high liquidity Okay, it's a little battle starting to shape up right here Now once those numbers change that information is gone notice how in this window here It's the same once the number changes it it's reflected here in the heat map and it changes in its in its gray scale Okay, and then then it's gone right. It's just like the numbers. So you see these numbers You know that the heat map changing all day long along with the numbers Okay, where it gets interesting is we take this data here and then we transpose it on the chart historically Okay, so now if I zoom in a little bit, let's see that behavior Okay, here's where they were pressing right in this little area right here with high liquidity Okay, and we started to note this little battle shaping up right here between the bid and the offer Okay, now we have insight not only to the traded volume and the transactions but the the intent of the traders Here in the auction Okay, and now instead of trying to memorize all of these numbers here and You know if how long they stayed in the book. What about the other areas around it? Etc You know It's all recorded and we can see we can see they're pulling here Note note how we tested in this little area here and they pulled equity price went away and they pulled again The price is up again, and they're pulling and look at them getting aggressive here on the on the bid side Okay, so Now we were getting this complete picture of where Transactions are taking place as well as where they're bidding and offering and we can start to understand the intent of these traders by starting to read When price comes up to test them Okay, so we just got our test of 40 47 40 All right, and and we were looking at that back here. Okay, we're looking at first 47 35 and then 47 40 now. Why did I know that? Okay, or why did I anticipate that? It's just it's really simple. Here's the liquidity. It's a target The market knows it can trade up there Okay, and there's a distinction here now, and this is where the subtlety And and starting to understand how to read this information Is will give you the insight This is longer-term liquidity that stays in the book. They want to trade the market knows it can trade up there And it came right to it and traded there and then it sold off really fast or right back down Okay, but Anyway Understanding this longer-term liquidity these areas can act like targets. Okay as as you're trending upwards, you know the market can be valued here as as a An area where people are willing to to trade And and that's exactly what occurred now completely rejected Okay, but that's that's another story and that's looking for more You know other factors here But what I want to cover before we before I leave you guys and I'll answer your question there Glenn but We saw that shorter-term liquidity here remember how we saw these guys within this little area here and this area here How they were getting very aggressive? Right underneath price. Okay. We notice that in the book in the in the in real time and It's basically You know, there's an auction skew here of demand And and prices is is relating to that are reacting to it and they're pulling liquidity here So where can the market trade? Well, you can trade up here and that's exactly where it went all right, so Anyway, let me get to your question here Glenn Appears you don't know if the longs or shorts are stuck until after the fact Okay This is gonna be I mean up here Yeah, let's cover this one here. All right. Okay, so It's true you don't know You don't know until Well, I mean you can get really aggressive It depends but it depends on how aggressive you really want to get right but Originally, I mean there's a there's a process we go through. Okay, and we want to see if we're gonna reject or accept Okay There we'll see the liquidity give us clues to that. Okay, so Usually you'll see the flip of the book. They'll high liquidity Well, we'll flip over on the other side here They want they were buyers here now They want to be sellers usually you get more of a breakdown and you don't get it into really really high liquidity like this Instead this just completely rejected and then you see them You know really really lift the offer here. All right, so So looking for some of those things, you know, it did they flip the book. No, okay, and Where did this breakdown occur? Well, the real selling occurred right in this right in this little area here, okay, and They usually looking for a trade back to that area and if they support it here and they did not okay That's another insight that we can see from that and we can see instead a lot of green a lot of aggressive buying Pulling it up and we break a microstructure Okay, this is you know, this is a process that we go through that, you know starting to put these pieces together reading the tape and then reading the order flow and and you can see like You know, they didn't support it There wasn't a lot of selling here. It was actually down here and then look at the buying here that pulled it up and it starts to accept above that area and they hit it one more Time so you'd be you're right You'd be very aggressive to do that, but you do get some clues here and some insight to that Okay, else you'd be looking for You know, maybe a retest into this area here, okay that we've identified now still looking at this candlestick chart would you would you see any of that and No, no, you wouldn't all right. Anyway guys, I got a I got a run and This is recorded and we will we'll see you tomorrow Okay. All right. Take care. Bye. Bye