 Okay, so welcome to the bookmap platform details webinar 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 For more information you can go to bookmap.com You can get a free trial there as well 14 days Become a member or do that free trial and then you have access to a lot of the free resources One of those resources being the webinar that follows up here in about 28 minutes And that is the advanced Analysis webinar. So there's these two webinars that we do every day The first one is about going through just the platform the functionality what book map is showing you How you might want to use it and engage it and just questions on on the functionality What are the components are and how to access them? and then the second webinar is all about just jumping right in and we look right at the live market and We we look for at the order flow. We read it You learn how to read the order flow and then you'll you'll apply it regardless of what your methodology for trading is You're you're gonna understand the order flow at your specific levels and then Then you're up and running using bookmap. All right, so That is the the process here If you're interested in that second webinar, you do need to be in trial That's the kicker. The reason being is that Those that are either in trial or current customers They don't want to go through any of the platform questions. Okay, so that's why we make the distinction between the two alright so Let's see here. If you have any questions, you can always reach us at support at bookmap.com And let's go through the website here. Okay, so top of the page First you can explore here. There's a couple of intro videos I would recommend watching these if you're new here if you don't understand what bookmap is they're very short a couple minutes and Then let's go down to connectivity Okay, so bookmap is a true platform We Are not a data provider though Okay, so you will need to have a data provider or broker and this this is how you connect bookmap All right, so what you will need one of these data providers or Brokers to be able to connect bookmap to the live markets Okay, now note that most of these are for futures. However, there is dev experts and NASDAQ here And this will allow you to access bookmap equities All right us equities only All right, this is an excellent data feed. I'll get more into that in just a second So down here is the pricing. This is where you can find bookmap For the 14-day trial. There's two versions of bookmap basic and advanced 49 per month for the basic 99 per month for the advance. They are billed quarterly And then you get that 14-day trial the difference between these two versions The one-click trading right from the chart As well as these add-on indicators here Hey, if you want to see complete comparison, you can click here And get the full list of what bookmap offers here. So let's take a look here All right, so it's actually There is a different version to for the web. It's through trade of eight It's you can see and you know just to compare the different versions here There also is a Some quant features. Hey, it's basically the same bookmap with just different features All right, so those of you who are quants and looking for something very robust Do you want to hook it up to your own? data feed that If it's with nano tick or if it's with you know data that you already have set data You know from the calendar that you want to study in particular Well, then you can do that with this with this quant version here. All right, so Let's see the bookmap portal. Okay, once you be become a member Then you'll have access to the portal. This is where you'll find a lot of the the videos here for features And and for education as well. However, you can also find many of those on the YouTube page Here's our Twitter page. This is the most up-to-date. You can follow us here. Just gives you information on The most most recent information on what's going on and a lot of examples and retweets of other users So follow us there on Twitter. This will help your education and then the YouTube page here This is where you find all of the videos I Would recommend watching a few of the features components start with the 6.0 overview And then the order flow video snippets are are excellent. They're very concise two to three minute videos and In here we cover Much of what we go over in the advanced webinar. So watch some of these and They're very short and you'll understand some of the phenomena that bookmap very clearly Visualizes for you and this will allow you to make more informed trading decisions if you want to watch some of the recorded webinars They are all here Well, these are the selected webinars. I should say you can watch some of these And you can also get a sneak peek into the advanced webinar Okay, so there's a couple of the advanced advanced here advanced and advanced here And here's the platform details one and there's another platform details here. Okay All right, and Then futures trader 71 expert trader Veteran in the market if you want to watch how professional of this Level how he uses book map and reads order flow with his with his trading. Okay, so let's jump into book map now all right as you can see there's a lot going on here and So I'm gonna simplify this we do this process every day Just so that you guys understand what it is you're looking at here because this can look very very foreign and it looks like it's a lot and it It really isn't it's actually pretty streamlined and is very very objective data. Okay There is no indicator here. I mean we have an iceberg indicator. You see with these numbers, but And that comes with the advanced version, but this is just market data And you're getting a complete picture of it. So That's why I'm gonna go through this process and we're gonna go through each a bit of data so that you understand exactly what you're looking at and This is going to help clarify it for you Okay, so here we are looking at the S&P E-mini and we're looking at a five-minute candlestick chart Okay, this is a view. Most of us are accustomed to Okay, we can see the 930 open here five minutes after we see a nice move to the upside And we can see that kind of struggled here a little bit of sideways action And now we might be going down and testing the low here on this candle Okay, so I'm very curious to see what the order flow is going to look like at this level And we'll get to it in just a minute And we have the potential maybe coming down and testing the the open here So we'll see anyway Problem with the candlestick chart There are only four data points here per candle open high low close and that's it There's a lot of market transparency here. That is just it's not available And you're making financial trading decisions based on this data and it's just Not going to give you the insight that book map or you know something that Gives you much more information regarding the order flow So for example the traded volume. Okay, we have a volume sub chart here. We can see that But we don't understand a number of things We don't know what kind of volume it was. Was it aggressive buying or aggressive selling? We don't know where it took place on what price level We don't know microstructures within here and We don't know Exactly when it took place within this five-minute candle. Okay? That's really insightful information, right so We want we want to to look at that and let's just gonna turn on the best bid and offer here And that'll be the first thing now you can see that here We have the historical best bid and offer Overlaid on top of the candlestick chart. Okay, so Already, yeah, we're getting more insight just with this alone Reason being is you can start to see some of the microstructures Okay, so for example, I can I can look right at this right here And I can see that there there was a movement up And then we base sideways for a bit and then there was another movement up and then it retained that level up here Okay, all of that is really, you know, this this little microstructure here was kind of the key and We don't we don't see that in the candlestick chart. It's just not there So we're already getting a lot more insight Compared to this five-minute candlestick chart. So now let's turn on the volume Okay, and the way we display volume is on the historical best bid and offer with these dots Okay, a green dot Represents an aggressive market buy so let me zoom in I'm going to click on the hand tool the move tool I'm going to hover over this area and you can you know left-click hold and drag back and forth But a quick way of zooming is just use your center mouse wheel one hovering over this area when using the move tool Okay, so I'll just zoom in reposition it and zoom in again with my center mouse wheel And now I can see exactly what occurred. So look at this little area right here Okay, just for clarity's sake. I'm just going to zoom into this area. Here's our historical best bid Here's our historical best offer. Okay a green dot represents an aggressive market buy someone hit the market buy button right here And they took liquidity off of the best offer And they wanted in and this is considered aggressive because they paid up the spread And they didn't provide liquidity. They took liquidity All right, so that's an aggressive market buy. Here's an aggressive market sell with the red dot and You can see that there are many transactions that take place very quickly in this high frequency environment Okay, this is just how these markets trade So we can see here that we have a pie display of the volume and in this pie here We can see that there's more green than red Okay, so very clearly we already know that there's more buying here opposite here We see there there's more selling than there is buying If you want to know exactly what these numbers are in terms of volume well, we have sub columns here That that will display the volume, but we can also use this tool tip Data tool tip and you can hover over a little dot and it tells you you get the date The time and it's it is based on you know millisecond or microsecond depending on your zoom level And then what was on the ask? Okay, so this is the liquidity where there's 510 contracts here At this very moment At this price level of 80 and three quarters and then the volume was one Okay, here's another one for volume of 10 Okay, so if I zoom in here, we're gonna start to You'll note how this was actually just one trade for 10. All right, so let me zoom out again But the Okay, so you can hover over also this dot here that has both both of these trades Both both aggressive buying and selling and we can see this was for a volume of 375 Okay, if I continue to zoom out note how I kind of consolidate this This data and that volume into a bigger dot Okay, so this is just happening visually though just graphically okay, we Are doing that so that you have the overall sense of what occurred at this time and the size of the dot Represents more volume and then the color tells you the delta or what type of volume it is right, so With very very quick visualization You can understand if you want to look at the numbers you can use a data tip tool and you can also use combination with these data columns here All right, so now is I continue to zoom in I pull apart all that trade activity Okay, and watch how I continue to zoom in here to this big red dot okay note how we I've pulled it out here and continue to zoom in and This is what really occurred All right, this was a flurry and cluster of volume that took place very quickly And we're down here at the middle of our microsecond level Okay, so millions of seconds and we can see start to understand algorithmic activity here little cluster here Looks very similar to this cluster here. Okay, so most likely an algo selling and You can start to piece all of this together, but what I'm trying to get across here is If you are trading algorithmically You have access to every single market event that took place In fact, there's basically unlimited zoom here in bookmap. We're zooming now and we're at the nanosecond level Okay, now we don't trade off of billions of seconds, right? So this doesn't apply to most of us. However, if I zoom out We give you the overall shape of that volume here with this bigger red dot Okay, so now you have both and and now as I zoom out here, and let's See here Let me change the size of these dots. I'm gonna make them a little bit bigger. Okay That's a little too big. All right So now on this on this candlestick chart, we can see the volume Okay, and we can see what type of volume it is where it occurred in the structure the microstructure that it occurred and Who might be winning the battle here? And all of that information is missing from that candlestick chart Okay, this is very much like a footprint chart You can you can see the the aggressor who's winning the battles here. Look at the little breakdown right here Okay, so we held the structure up here for a bit and then we actually saw this breakdown when we first started the the webinar here, so I Was curious to see what the order flow look like down here. Well, this is what occurred. Okay, they They hit the bid pretty hard on the sell side and and price dropped down to this level here Just at this swing. Okay, that's what actually what I was kind of eyeing and wondering what what this would look like Looking for a target at that swing. Okay And now we're looking for insight like who's winning the battle now Okay, did the did the buyers give up or not or are the sellers in control now? And it's looking like it's kind of going both ways right now just based on the dots and the color and the volume here all right now Knowing the volume is is important However, there's a whole other side to the order flow and you're not seeing it here And and that is the liquidity. Where's the liquidity? Where are the traders that are? willing to Engage in this market on the on the buy side and the sell side Most of us will turn to the dome for that current market snapshot and this is the dome and book map Okay, we can see the the liquidity here on the bid Okay, below the the green box here and you can see the liquidity on the offer up here Okay, this is your lit book right now. Okay, and We want to know that information we want to know where these traders are lined up We want to know if they want to get filled here or not or is this fake liquidity? Are they going to pull that liquidity as soon as price comes up and test them? Now the problem here with the dome is that these numbers change and that that data is lost You're gonna have to remember it. You're gonna have to remember that price level You're gonna have to remember how many contracts how long it might have stayed there What about the other areas around it where they've been in front of it or offering in front of it or behind it? That's a lot of information to retain And it gives you a lot of insight. So although the dome is good for the current snapshot You don't have any historical reference and that's where book map solves this issue. So let's click on the heat maps here Okay, and let me explain. Okay, so this dome here is the lit book All right here is the also the lit book You can see the best bid and offer currently right now with the green dashed and green Or red dash lines here. This number is the last traded volume Okay, let me zoom in just a little bit more and let's click back to the current market. Okay, so What we've done in this window here And this is reflection of the current market the dome is we we paint these Levels of liquidity in a heat map. Okay, so you can see 1200 contracts is bright white here Okay, 30 almost 13 under contracts is also bright white here. This this is the highest liquidity in the book right now Okay, you can see these guys pulling here at 80 and a quarter so When these numbers change the heat map will change Okay, now and that's insightful to get this graphical representation because if immediately I know Without looking at the numbers. I know where the high liquidity is Okay, I see on the bid down here at 78 on the offer up here at 81. Okay, we're just like that I also have insight here that at 80 and a quarter. They're pulling. Okay, so they don't want to trade here Did they have intent to trade here? No, they did not And now they're now they're jumping back in but As price came up one tick away They pulled and now they're coming back and they're pulling again Okay, so do these people really want to trade here and the majority of them? No, they do not Okay, because they're pulling and They're if they wanted to trade they'd stay in the book All right, and we'll see if these guys at 81 as soon as we come up into this area. We'll see But anyway, that's the current market The historical market all of this data here is recorded and then transposed onto the historical chart So along with the volume, we also now have an understanding of the liquidity We have an understanding of the auction that took place here Okay, so look at these striations here at this level at 80 and a quarter Okay, we can see the heat map got it was dark and then it got brighter and then it got darker and then brighter again and and that's happening right now as well so All of this information is recorded transposed and now we can understand With a glance Where they're bidding and offering and their intent Okay, and what about the other areas around it? Okay, all of that you'd have to memorize in the dome and here you don't It's all in front of you. Okay, so very insightful information is the other side of the order flow here and It gives you an edge up in In your trading look how we can see that we drop down below This area right here. Okay, we see the aggressive selling Then they flipped over here. They're they brought down the their offer more aggressively here at this area and You know, so are we going to trade now down and accept below this level? Okay, this is that structure. We were looking at right? This is where that that structure changed right in this area here Okay, this is where we broke from and now we can't seem to get back up into this structure from previous Okay, so and we can see why because there's high liquidity here, right? And they're they're pulling but you know, we're gonna see the battle here Shape up. Is it are the bulls gonna win or the bear is gonna win and you know, we're reading our Liquidity here and the intent of these traders and we already know that these guys at 80 and a quarter Do not have intent to trade. Okay, they've been pulling Okay, and look where they're adding. Okay, they're adding actually up higher. So this is bullish You know is is bullish to see them adding up higher in this structure. Okay overall structure like You know, it we're still holding down below the line. I just drew in here. Okay, so But we but we know though that they don't really Want to to sell here? Okay, so it will this structure hold well If we need the aggressor to come in here and pull price up into it, but their intent to trade is not here Okay, so we know that we know that much. This is just factual information And we're putting the pieces all together. So if the bulls Want they can Take these guys on at 80 and a quarter. They'll probably pull and we'll come up into 81. Okay, that is a potential scenario here All right, if the bears start to step in here. Well, what we're going to see is another leg down Okay, and we're going to see them hit the bid pretty hard We may see very very aggressive action here on the on the offer with the liquidity Okay, not only will they have the intent to trade. They'll be jumping in front of each other front-running and Getting aggressive at lower levels and that would be bearish Okay, and where would we target where would the where would price go? Okay, well, we'd be looking here at the 78 level This is where they were previously and they pulled but you know, you can see that the action is here at 78 so I Anticipate if we can break down Lower this will probably be the one of the critical areas that we might see a Another bounce Okay, so that's another scenario here as well Okay, and here here's this here's the scenario that is playing out right at the moment. Look how They they are starting to bid a little bit higher here Okay, 79 and a quarter and they're pulling here at the 80 and a quarter I'll all the thing that all that's lacking here is the the aggressive buyer Okay, and we can come up and test into some of these areas here Okay, it's a little bit of a battle right now Going back and forth because as soon as we go tick away these guys jump right back in Okay, now we come a tick further or closer to them and they jump out okay, so at some point something's going to give here and I Thought we were just going to see it here when we saw them lining up here at 79 and a quarter and then them pulling This is the recipe we look for right and then we look for the aggressor to come in lift the offer up into 81 Okay, and it's starting to shape up again here We need a little more activity here on the bid and we need the aggressor to show up Okay, look at the areas up here in the volume. Okay, we see little green dots We want to see bigger green dots. We want to see more aggressive vine that need that's what's required to lift the offer higher Okay, any questions on this? This is a just The basics we're going through Starting to understand and read the order flow as well This is the process we go into a lot more detail and depth In the in the webinar that starts in in just a few minutes. Okay, so Anyway You can see that you're getting a lot more information here compared to your traditional candlestick chart. You're getting a complete picture of the market It's just it's like I said, this is not an indicator It's a this is just really a very objective view of What's occurring in the market and what did occur? Okay Okay, here's our second scenario right so we didn't see the aggressive buying here now the aggressor the sellers jump in Okay, and and now these guys are here at you know that we're pulling at 80 and a quarter Well, they're back in and they're they're staying for the moment, but but prices moved away What we're looking for now is them to lower that offer Okay, and then look at them down here now at seventy seven and a half. Okay, so 78 I still think we that'll be a An area here that we'll see we'll see some action But now the liquidity is here at at seventy seven and and a half Okay, 78 starting to show a little bit of interest now, too okay All right, so anyway Let me know if you have any questions if not then we will Wrap it up and continue on tomorrow with the the same process and I Can go through a lot of different features and components There is so many to go through that I don't even know really where to begin. I mean we have an API. We have automated strategies here That can work with bookmap. You can write your own strategies as well There are Several add-on indicators that give a lot of information. There's a cumulative volume Delta That is down here in the sub chart There's all sorts of things But if you don't understand the basics on what bookmap is displaying and how to start reading that Then it's not it's not really worth it to go over some of the other other features at this moment. Okay, so Let me know what kind of questions you have and happy to answer them Okay Anyway, yeah, thanks for coming and we will catch up with you tomorrow same time. Okay. Bye. Bye