 Welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap, risk disclaimer. Trading equities in futures involves substantial risk of loss. It's not suitable for all investors. Past performance is not indicative of future results. For more information go to bookmap.com. There's a free trial there. The free trial is for 14 days. It gives you access to bookmap as well as bookmap resources. We have an advanced order flow webinar that is open to those that are in trial or current customers and that is at 11 Eastern, so in about 28 minutes. If you have any questions you can reach us at support at bookmap.com. Let's take a quick look here. Let me show you where you can find bookmap. Bookmap.com. Come up here. Let's click on explore. There's some intro videos for those of you who are new here. Then we'll scroll down here. Various information about bookmap. There's bookmap for equities here. With NASDAQ TotalView, nice feature. Then connectivity. We're not a data provider. You will need one of these data providers to connect bookmap. Bookmap is a platform just like any other trading platform out there. Then the free trial is here. There's the basic, advanced, and quant. In general, though, there's just one version of bookmap. Bookmap basic. 49 per month build quarterly and you get a 14-day trial period. Now the bookmap advanced hasn't added features. The ability to trade right from the bookmap chart. Then these add-on features that you see here. These are proprietary add-ons that we've created. They're for understanding order flow a lot better. They're not your typical derivative of time, price, or volume. They're showing much different data here. For example, large lot tracker. It shows you larger players in the marketplace where they are positioning their limit orders. Volume and book and balances in the historical and current limit order book. Then the iceberg detector showing where iceberg orders are being discovered on the chart. We also have a correlation tracker and others. For those of you who are quants, you can reach out to us here by clicking the Learn More button. You can also follow us here on Twitter at bookmap underscore pro. You can also subscribe to our YouTube channel and you can see the features and components for those of you who are new and want to understand what bookmap is showing you in general. Then these order flow video snippets. You can see there's actually a new one up here right now. Just added it just a while ago. In fact, let me give you the link for it. I don't think it's actually unlisted here. You might not have access to it. This is something we covered yesterday, though. Anyway, I'll put it in the chat here for you. There you go. The order flow video snippets are what we go through in the webinars. It's understanding the order flow phenomena uncovered by bookmap. That's what we get into in detail here. These are just pretty quick videos. They're a few minutes each and just go through it in a concise manner. Let's take a look here at bookmap and what it's showing you. Look at some higher time frame stuff. Yeah, we'll look at the NASDAQ. That looks pretty good. We see some movement here. What are we looking at here? It looks like there's a lot of data here. It looks like it might be pretty complex stuff here looking at bookmap. It's actually not. It's actually pretty simple stuff. We do have an indicator subpanel here. I'm going to close that. What we're looking at here are just three things basically. Historical, best bid and offer. The volume dots show where the volume traded and what type of volume and where and when. Then this heat map here, it just shows you it's the historical view of the dome of the limit order book over here in the current order book column. This is the liquidity in the dome. We record it and project it onto the chart. Let's see here. John, you had a question that I would cover here in the webinar. I think support had reached out to you. Let me know. What was your question? I forget what it was and what you'd like to cover. That's exactly what these webinars are for. There's been a lot of, it's been great to see this, a lot of current customers, long time customers coming into these webinars. That's what they're for, is to go over the features and components here in book map. To understand that, explain the book and volume percentages at the top of the bar. Let's just do that immediately. This is one of those add-ons here. I'll get into the details here again, back to simplifying what book map is showing you here in the chart. Like I said, it's pretty basic stuff. It's not a derivative of time, price, or volume. It's no indicator here. It's the market. It's a very objective view of the market. I'll get into that in just a minute. What John is talking about is one of the add-on features. It's up here. This is the order book and volume and balance indicators. This is what you get with the add-on package here in the advanced features book map. That's just one of them. There's settings for this too. I'll go through it here in detail. Can they help? Yeah, look for overbought, oversold. Well, it is an imbalance that you're looking for. The way that we use these add-on indicators is for confluence at areas. It's not really like a signal. It's an added confluence. For example, we're going to see a book and balance here on the cell side. We see it's negative 10%, 14% up here. Why? Because it's making the computation for all of the limit orders here historically and current in the NASDAQ. It's making it for this viewable chart range. Everything we see in our chart. If I zoom in, we're going to get a different computation. It's actually a little higher. It makes a pretty good sense because all of these orders here or contracts here are going to be in the computation for the order book and balance. They're mostly on the cell side, so we have a very negative number up here. How to use this, John, is a whole different story. We want to understand the context of the liquidity. We're trending up. We don't see aggressive behavior here in that limit order book. Just because we see a book in balance, what we know is that this is high liquidity, but it's staying here. It's not being aggressive yet. It might if we see them lower the offer here. This will give us a different picture, but right now I'm looking for this area to get tested, the 61-22. Because we're trending up at the moment. You can see how we're trending up and filling this longer-term high liquidity that stays in the book. Great examples right here, right into it and it trades and it goes sideways, absorbing it. They're absorbing the aggressive buy orders. Here we come up and now we're testing into 61-22. There we go. There's our test. We know there's high liquidity up here and they're just staying in the book. It's not giving us any reversal, overbought, oversold. It's just giving us understanding that the book is pretty heavily skewed here on the cell side. Now we're trending up, but if we see, for example, what if we get the book flips? What if these guys pull and then they're adding here on the bid very aggressively from this area where we broke from here? They are here actually, but it's not the greatest look right now. What if we saw that and it really being built out here heavily skewed? Well then we're looking for, they're supporting price at a higher level and what if they start to chase and we see this book skew here? Well yeah, then it's telling us something. I mean I'm looking for them, they're supporting price, they want to be buyers down here and they're being aggressive. The book is positive and I'm looking for it to find targets here in the limit order book on the offer. The limit order book has some settings here, so let's click on the studies configuration. I'm just going to go through this in some detail here in this webinar. It's been a while since we've gone through this. I hope this answers any of your questions, John. For those of you have any other questions, let me know, but I'm going to cover this in a bit of detail here. Right now it's making, I don't have any, you click on the studies configuration, click on order book and balance here, that's the first one we're looking at, and there are some different ways of calculating the skew. Right now it's making it for all levels in the book. Let's zoom in here and now if I zoom vertically, the skew here is about somewhere between 10 and 15 percent. If I scroll vertically here, look how it's 50 percent now. Why is that? Because I'm including everything in the book and we see there's historical liquidity down here that is making the skew and it's in the calculation now. That's not really helping me though because that happened a long time ago, so that's why we're offering here these different settings and this will limit the levels to calculate. Let's bring that down. Let's bring it down to 8 or 10, let's say 10. There we go, now it's at 10 and it's calculating a halo around current price and that calculation is now, so note if I zoom out, it's not making a calculation down here. It will down in this area here for that brief time, but that's it because it's 10 on the offer, 10 on the bid constantly. That's how it works and there's another setting here too. That's that one and then the next one here is to, there's a decay rate, so it's a half-life and we can weight these exponentially. The way it works is every, let's just go with 6, let's go with 3 actually, 3 and 10. It's calculating all 10 levels, but the first three levels are going to be weighted 50 percent more than the next seven levels. I just remember that's the cutoff here. We're going to see a different calculation now because those levels, three levels are going to be weighted as being double the importance. The volume and balance, this one's really straightforward. There are no settings for it because it's just calculating one level. It's the volume. We can see that there is no skew right now. For this whole calculation, now if we zoom in here, we're going to see a skew and it's going to be, well, we can see it to the upside here because we see more aggressive buying coming in here. Let's see, more traders are looking to trade when ... No, it's contextual. Again, it's understanding the skew and the kind of overall skew. One of the ways to utilize this indicator here, there's many ways. One of them was we recognize that we just went through. First, we recognize the context of this liquidity. Now, here's our breakout. We recognize the context of this liquidity. Look at how there was high liquidity and there was a skew to the book. We knew that, but we also knew that this liquidity is just staying here. It's not being aggressive. It's just in the book and the market knows it can trade there and it just did in a big way. Now, I'm actually looking for a bit of a pullback now because these limit orders here started to absorb this price. They absorbed these aggressive market orders here. We're going to start to note that if ... For example, when they pulled here, note how we shot through here really quickly because there's less liquidity. It targeted this high liquidity and traded right into it. Here's our pullback. This is what we're looking for. Let's see if the buyers start to step in now. Maybe they start to get aggressive again because this is where we broke from. Then maybe we'll get a retest of the high here, maybe $61.25. Looking at the limit order book, it was just telling us there was a skew and we knew that. Let's try to find an area where we see maybe a reversal, maybe down here. Let's zoom in there. We see the absorption on the way down and higher liquidity and then down in this area here. Now we're starting to see something a little different. We're seeing a positive book here. At this point, it's a little different because now look at the behavior of that liquidity too. They're pretty aggressive. This is the low and they're bidding up at higher levels here. This is looking pretty good and we see they're being pretty aggressive. The book is pretty heavily skewed here. This is where in a reversal, it can give you clues to that reversal here. This is really good confluence. We're seeing the aggressive volume come in here. In this chart range here, this is skewing that calculation. It's negative still. Watch as this data starts to go outside of the calculation. See how the volume just immediately shifted. It's going to go positive here pretty aggressively. There you go. We want to understand specific areas. One of the ways to use this indicator to understand the imbalances is to put this data within your chart range. Let's go in and start to look at this area here. We come down here. We see the aggressive book. Now I'm waiting for that volume to flip around and we're starting to see it right here. Maybe you want to wait and look for a little more volume to give you the clue here, that reversal is eminent here. Now we see the volume go positive. Maybe line these up and wait for the aggressive volume to catch up to the aggressive book. Or if you want, you'd be looking for a little more confluence. You would have less confluence if you just looked at one of the numbers here and then jumped in. That's up to your risk profile. If you want to jump right in and then start to anticipate this volume to jump in here because you're noticing this behavior here, that's up to you. Then if you see the volume start to change over, you grabbed it. You got it. Look to take maybe a half target up here or half of your profits up here. Look for a pullback and re-enter. There's all sorts of different ways of looking at it and utilizing it. I hope that helps, John. We've gone through this almost the entire time. For you new guys here, we're going to go through this quickly. We do this every day. If you have any questions, you can always reach out to me at bruce at bookmap.com. In general, we want to just cover what bookmap is showing here. It's like I started off with the webinar. It's pretty simple stuff. It's a very objective view here of the market. What we're looking at here, and I'm going to start taking off some of the dots or the volume, we're going to take off everything here. We're just going to look at a candlestick chart. Now we have a new feature on the candlesticks as well, but I'm not going to cover that right now. Here's our candlestick chart. We know what this looks like. We know what it is. Open, high, low, close, over a period, but there's so much more information here that we just don't see. Let's add historical best bid and offer. Now we're starting to see structural areas. That's lacking here in this five-minute candlestick chart completely. We don't understand the structure here. We don't understand the breakout here and then looking for, we don't understand that high liquidity that is here either. We nailed it. We saw that they were staying in the book and we were starting to anticipate those areas to get tested because that's where the market needs it to trade. That's just how it works. That's the transparency that the book map is allowing. That's just historical best bid and offer. Let's turn on the volume dots. Now we're looking at something really important in a chart. Most of us are very accustomed to studying volume, but now we can see where exactly volume traded with the size of the dot and the color of the dot. It gives us what type of volume it is and exactly where and when it traded down to nanosecond level. We can see that this was aggressive buying, pulling it up out of this area. We were looking for 6122 to get tested here and it did right into it. Then we see the even higher liquidity. We don't see liquidity here right now. That's a problem. We don't see the liquidity. We don't know why it traded here and why it pulled back and why we're looking for another retest of the high. We don't understand any of that by looking at this. But once we turn on the liquidity we do. What this signifies here, and let's take off the candle because it's just getting confusing, what this signifies here is the historical view of the limit order book. Let's zoom in. Here's your limit order book in book map, your dome. Let me just left click hold and drag these around to make it a little bit bigger. This is the dome, the depth of market. Liquidity on the offer, liquidity on the bid, best bid and offer right here. These numbers change all the time. When they change they're reflected in this window in the heat map. Here's our best bid and offer, last traded volume. When the number changes and there's high liquidity they're painted bright white. Where all of this gets really interesting is we take that liquidity and it's recorded and projected onto the chart. That's it. That's all we're looking at. Yet it allows us tremendous insight here starting to understand the context of this liquidity in the auction. Starting to anticipate just due to their behavior here that some of these areas are going to get tested. Our 61-22 got tested so a pretty deep pullback here but right back up to test this liquidity here, these guys pull and it gets filled up here instead. Now we have an understanding of why the market came up to this area, why we see big transactions and why we started to anticipate a return back down and then a return back up. Just because of all of this liquidity here in the map and the traded volume but the liquidity gave us some really nice insights here. That about wraps it up. I hope that was helpful for you guys and John let me know if you have any other questions. One of the key things about using this book in volume and balance is the zoom levels because that's where it's going to make a calculation. For example you want to calculate maybe this area up here. Let's zoom in and put that area within our chart range. Now we have the insight. The aggressive volume is now we see a shift. Now it's starting to become neutral or negative. Once this comes out of the picture here though it's going to be negative. No question. Book is looking pretty positive down here. We can see it in the heat map but we're looking at these areas in terms of context. Zooming in and studying those areas is what's going to give you the insight. It's one of the ways to use it. Let's wrap it up. Call it a day and we'll see you in the next webinar. Okay thanks. Bye.