 Good morning traders and welcome to the book map basics webinar. This is Bruce at book map This is the webinar. It's free and open all we do it Monday Tuesday Friday 9 30 a.m And it's for half an hour. It's an intro to book map and Go through some of the free resources for you So we'll answer your questions here basic questions about book map And then we're gonna look at the live market and go through the basics on the book map chart So that you understand what you're looking at and we'll then we'll begin reading it And then giving some insight to where we think price is going to move next It's forward-looking education. That's the type of education we offer. I'll talk more about the education when you But you get when you subscribe To book map, but give me a few minutes as we go through some of the resources here All right, so let's jump in here and go through some disclosures A general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations Risk disclosure trading futures equities and digital currencies Involve substantial risk of loss and it's not suitable for all investors past performance is not necessarily indicative of future results All right, so let's jump in here and look at book map.com And For those of you who are new in here, we'll just go through some of these things rather briefly here We'll start with what is book map. Okay, we're a standalone trading platform So you might be using like thinkorswim or trade station Book map is no different The distinction between us and them is the way we visualize the market data The it's all the all the data. It's the entire order book not just for the current market But for the historical market as well. Okay, if you use the dome or your level two for example You only have it for the current market. Okay, book map records all of that and plus it on the chart So it's available for the historical market Therefore scalpers as well as swing traders can now use this information to their advantage Okay, so we can take a quick look here at this is the NASDAQ here. We can look at the S&P And start to understand where there's areas of high liquidity. Okay, now we had some some volatility here this morning Due to non-farm. Okay, we'll cover this here. It's just rather fascinating to really understand Liquidity and you can see them pulling in here. Hey, but that high liquidity has been in here since Yesterday it's been in here. I don't know how long exactly but it's been in here a long time. They're still up here Okay, they're still waiting. All right, so we just went down below the swing here We'll see if buyers come in now. Okay, and trap all of these sellers going short here. All right It's a lot of selling. Okay, but there's a lot of volatility here and these guys never got filled All right, so I'm looking to see if we can get buyers back up above this figure here 4,200 Okay, get more buyers here. This will all be trapped selling and then looking for these guys to get filled up here at 4,220. Anyway, this is just one scenario and we're talking about high timeframe liquidity Okay, and looking at several hours of data here And we're looking for this possible scenario to unfold and if that is the case and we start to see these buyers come in Yeah, we would be you know looking to get long or at least Yeah, we'll go through we go through in the in the advanced webinars You know where you might consider getting and involved here, but I'll talk more about the education in a minute But that's the scenario Possible scenario here of looking for it to go up in the higher areas here looking for buyers to come in right now Okay, if that does not unfold and we see sellers back down below the figure of 4,200 right here Then we're looking for these other areas 92, 90, 85, etc. Okay, so as you can see this is already going in the direction We were our primary scenario here and looking for follow through Looking looking for more more buyers to join in here. This is a beautiful short squeeze and anyone that Likely got stopped out and we'll talk about MBO data here in a minute as well another Confluence okay to add into this picture here. We can see a tremendous amount of stops already to the upside here I'm getting way ahead of myself. We're already analyzing the current market Just this is what we do in our forward-looking education. All right the Plane out very nicely here Anyway, let's go back to the presentation. We'll come back here and we'll see if we got up to this 4220 already It's a nice short squeeze just I just wanted to show you the order book and Understanding the conditions in the auction and this is the edge. You're gonna get using book map. Let's continue on We'll go over connectivity here So book map as we just defined it is a standalone trading platform Okay, however, we're not a data provider nor are we a broker? Okay, you will need to provide those services in order to connect book map to the live market all right the For futures markets this these are all the data providers we connect to okay we give the nod to rhythmic and DX feed they offer full depth of market and We like Rhythmic data because it offers market by order data. I'll talk more about that in a minute. Okay now stocks Let's go over that. We connect to stocks But what you're gonna need is first a subscription to book map global or global plus Then you'll need a subscription to DX feed data, and that's how it works Once you have DX feed data, you can see trade station and interact interactive brokers are listed here But you're not connecting to them for data at all Okay, quite the opposite you are sending them data. Okay, so we can connect to them, but not for data Okay, you can connect to them to route your trading activity From DX feed data in book map to your your funded trade station and interact or brokers account Okay, we also connect to with quote media here to London and Canadian exchanges and with Cedro to the Brazilian stock exchange All right, so that's stocks crypto currencies. All right, if you're a crypto trader, there's 21 different Exchanges that we connect to here and more You know or always adding more along the way All right, so if you have any questions about connecting to These data providers Please go to this connectivity guide right down here. I'll show you another link for it as well This will open up the connectivity guide on our knowledge base Our knowledge base is like our user guide online and this is the connectivity section This will answer your questions. Please read through here Before reaching out to us at support or calling us because you're going to get the same answer All right, and this is going to be much quicker You can see DX feed right here. You can read about it And it's not very long and then connectivity for futures and then Rhythmic here 14 day trial from we also get it from our marketplace here I'll talk more about it in just a minute. All right, that's the Connectivity guide. Let's continue on now. Let's go over the pricing and packages for a book map and note immediately here Data is not included. Okay, this is only for the software. Okay, only for book map the platform Okay, you can subscribe yearly You'll get a 20% discount You can also purchase for lifetime when you click here You'll see the prices listed below if you click on monthly, you'll see the prices Let's go through the monthly options here in the different versions of book map All right, there's digital global and global plus and you can see this digital version is free That's because we don't offer a Free trial of book map. Okay, instead we offer this digital free version you always have access to it it connects to One digital currency like Bitcoin for free. You always have access to that and You can be up and running within minutes. Okay, and that data is free as well All right, and it works over the weekend. Okay, it's always open Crypto markets. There's a delayed feed for stocks and for futures So this free version will give you a very good overview of what book map is all about if you want live data Then you will need to subscribe to either global or global plus for a month and give it a try You can cancel at any time the prices you can see are very reasonable. Give it a try for a month Now the difference here in prices between global and global plus It's about the add-on indicator package you get with global plus Okay, nothing about data here. These prices do not include data. All right. So what you're getting with global plus Is this add-on indicator package and let me list the indicators you get so there's no confusion We have another package for market by order data and stocks I mean stops in icebergs, etc. That is not included in this Price here or this package. So what you're getting with the global plus add-on package is One is the ability to trade right from the book map chart We have a large lot tracker indicator. It identifies larger players in the order book. We have a Inbalance indicator for the book and for volume. We have a new absorption indicator And we also have a strength indicator. That's what you get with global plus All right, you also get education with global and global plus Let's scroll down a little bit more and we'll go over our education section here. We're going to click on go to education and I'm going to scroll down a little bit and go through some details here, right so Global subscribers here and global plus you both get access to our four-part educational course. That's online Hey, more over global plus subscribers. They'll get access to the advanced Daily trading webinars. Okay, so I'm going to put the link in here for Friday. It is free. Okay, so there it is Click on that. It's in the chat in In this go-to webinar chat box You can register now. It will start the webinar in about 17 minutes or so Okay, so you can get a taste of what our advanced webinar is like. All right the It's daily. It's at 10 a.m. And we go for about an hour. Okay, it's it's a really great way to confirm in the live market and in review and confirm the the Educational course it's the same content but in that live market. It is not hindsight Education it is all forward-looking. Okay, just like we were looking at the market here down here Looking for buyers to come in. Okay, we've already come back up into these highs up here Still looking for it to go higher. All right, we'll see it might go sideways here for a bit But to me it looks like buyers are still in here and these guys have been waiting to get filled up here for quite a while All right, so still looking for this to go higher Anyways, you can see that's already good for nine S&P points and this is the forward-looking analysis I was just mentioning. All right All right, so the There's also live trading we have Scott Polsini a futures trader. Okay. He's on Thursdays goes for about an hour and hour and a half Jay trader. He's a stocks trader and he he's on Wednesday and This is all part of that book map global plus education All right when you subscribe to global plus now that'll be live trading. They'll be taking live positions here But it is in demo. It's so you can apply and learn From the education. It's not so you can shadow the trader. All right Anyway, you can read about more detail in here Let's continue on We'll scroll back up to the top and go over a few more resources and then we'll look at this live market On the more button here. There's quite a bit of information in here. It's all free There's a book map knowledge base that can answer a lot of questions for you a glossary Pro-trader webinar recordings. There's a blog Under community here, we have a chat room and discord we have a forum Under product you can see that connectivity guide here again under solutions. We have an API Okay, I want to cover that you can create your own add-on indicators and automated trading strategies within book map It is Java and Java script based Okay, moreover, you can sell them on the book map marketplace. Hey over here or you can purchase others Add on indicators that they've created. So let's go to the marketplace now. This is not book map calm This is a structure for other vendors to hawk their Their wares here like their indicators their data their education their Levels here like spot gamma for options levels like education from Scott Pulsini Keltner channels. We don't offer them, but Zoli does you can get them right here for five dollars a month. Okay? Rhythmic data, like I said is here now. We also Our client in the book map marketplace. We created this MBO bundle market by order bundle. Okay we can identify stops and iceberg transactions within CME data or Yeah, CME group Instruments, okay, it's only for futures. Okay, this works with global or global plus that does not matter Okay, it's sold separately. It's not a part of the subscription of global and global plus So what you need is first to subscribe to book map then you subscribe to this indicator bundle for 134 a month It only works with rhythmic data, but you can get it right here. Okay, if your broker doesn't offer it You can get it here. All right, so that's what's required for it And then you can identify stops and icebergs. All right We'll we'll show that in the advanced webinar. Maybe I can show it here briefly for you as well Let's go through a few more things social media. Okay, we have a lot of videos on our YouTube channel So scroll down here features and components playlist education videos pro trader webinar recordings selected webinars And connecting to different data providers here. So a lot of stuff on here a lot of great content. All right So take a look at that our Twitter feed. I need to update this but lots of great stuff in here as well You can follow or see other traders activity as well as some of our own It's great stuff. So take a look and see how other traders are using order flow to their Advantage. All right guys, so we continue to go on up. Let's take a look at this live market Looking for 42 20 still. All right. So this has now been a 15 point gain. All right now There's some interesting stuff actually happening up here We can see iceberg transactions here and stops of course And this is the context here. This is what I was talking about with the MBO bundle. Okay These are native CME iceberg transactions and they continue to transact look at that right up into it. All right More icebergs. What does this mean? It means that there's larger players up here selling in front of 42 20 Look at 42 20. They're even adding more in here. See how it's read up here Okay, so let's zoom in here and I want to go through the details of what you're looking at now I want to close the stops and iceberg indicator here All right. Yep looking still looking for it looking great. All right looking for this 42 20 and it's another five points and Yeah, and see if we can get through it a little bit as well Love to see that and let's see some more stops triggered along the way So maybe 22 to 25 as well We'll see we'll see but this has been the big number here this 42 20. Okay. I want to see these guys get filled here. All right All right, so what am I talking about like when what is this chart showing us here? I keep talking about this level here in this red area here at 42 20. Okay. What is it? Well, it's liquidity. It's all derived from the order book. Okay, this vertical white line right here Is a separator between the historical market what has unfolded and the current market? So let's go through and zoom in here and and go through the current market. All right This is our current best bid and offer. This is our last traded volume this little number here This is our price ladder now this C O B column stands for current order book The numbers that you see here. It's liquidity. Okay. These are limit sell orders above the market here That's all it is They're limit buy orders down below. Okay, so you can see 885 Contracts are up here at 42 20 All right, that's that's all it is. All right. It's just the auction here This is where they're bidding and offering for this instrument Okay, so Now what we do and you can see the CL rapidly these numbers are changing in here a lot. Okay Well, it when you're reading your your dome or your level to this is very difficult to read Hey, it changes so quickly and Once it changes, there's no Record of what was there before so what we do in book map is we take the numerical values and transform it in this live Window here into a heat map Okay, the scale of the heat maps up here red orange is very high liquidity than yellow white blue and then black All right, so You can see here that see how they just pulled some liquidity and went from this yellow color to blue Okay, they they pulled the liquidity. They don't want to be by our sellers up here any longer. Okay, or less Sellers, let's put it that way Okay, so you can start to understand the auction here over time. See how they just added back in now Okay, so we can answer a question about do they really want to trade up here and the answer is no because price goes away And then they pull their liquidity. See how the same thing happened here. Okay, price comes up toward them They they pull it. Okay, they add it in when it goes away So they're not they're pretty fickle. They don't really want to be sellers up here. All right That's a that's what we're gaining here From their activity see how it's all recorded though and plotted on the chart This is the edge you're gonna get because now you can zoom out and you on this smaller time frame You can see this little area here was what we were just talking about. Okay up here at 18 And the adding and pulling here and that's all this is Okay, now moreover look what you can start to gain and understand from here They actually pulled from this little area here at 18 and they added it down below here on the bid so Likely the same players we don't quite know that but it's very curious to see how they pulled here And then it added it down here pulled again or added here and then pulled from here. All right so likely a larger player okay, and Likely trying to get price to come back up into this 42 20 Okay, you can see there's a little bit of volatility at the moment in some kind of shenanigans going before we get up into this 42 20 All right. Anyway So that's all this heat map is it looks like it's really advanced and complex. It's not it's really simple and straightforward It's just it's just liquidity. Okay and understanding where they are and their activity in the order book Now that is only one element here that we've covered so far. All right, just one element The heat map. Okay, let's go over the other two elements on this bookmap chart and I'm gonna actually De-select the heat map here. Hey, we're not gonna get access to that any longer. We have no more insight any longer to it Hey, we don't know The condition historically of where what they're where they're bidding and offering now. We're only looking at two very simple elements Transactions, okay market buy and sell orders. Okay green dots are market buy orders red dots are market sell orders That's it. Okay, and that's all it is And then we're looking at best bid and offer. In fact, I'm gonna take the volume dots off Now we're looking at just one very simple element on the bookmap chart. This is streaming best bid and offer And that's all it is Okay, there's no time frame here Instead what we're looking at is a Streaming price. It's all of the price action Okay, there's no Aggregation of it and this is what I mean by aggregation if I look at this is a one-minute chart Okay, let's just zoom in here. This is a one-minute candlestick chart Okay, every minute. I'm only getting four data points here open high low and close Okay, what happened within that minute or it could be five minutes or it could be a volume period of 500 or 5,000 or it could be a range bar period even a point-and-figure Conditional period it does not matter. This is bar data or Some other type of data at showing an aggregation within that condition or period Okay, and it does not allow for transparency Okay, instead, you're trying to read the candlestick wicks and bodies here to give you insight to where price might go Hey, that's pretty wonky at best so Instead looking at all the price action Okay, understanding that's that For example, let's take a look here Yeah, it was a good example Yeah, well see the speed of this move and the move right back down Okay, you don't see that in the candlestick Right. In fact, where did it go? It went into this little consolidation period here And then it held and then it came back up and then it traded back up into here tested this high Accepted higher it came back down retested this little consolidation period these little areas matter Okay, it's the same stuff on higher timeframes as well and we traded into that. We did not go below it Come back up here. We're gonna find some buyers in here when we turn on the volume dots and we broke out Okay, I'm looking again for a breakout up here Hey, let's see if we get buyers again up at this area And then I would be looking forward to stream right up to test this previous high around 18 and we know That that's where that guy was was pulling and adding liquidity up there Okay, and that's right in front of 42 20. So let's see if these buyers come in Okay, now how are we gonna see that? Well, we're gonna turn on the volume dots and we're gonna turn off the candlesticks Okay. All right, we've got some buyers up here. Now. That's not quite enough Hey, we want to see more than that, right? We see a lot of sellers down here, too Okay, so it looks like it's just gonna be kind of back and forth here at the moment just by understanding the volume within the order flow Okay, or the the volume within the price structure see other sellers more down here Actually, we're looking for this to maybe break and go a little bit lower here. Okay This is just based on understanding the context of these two elements In book map. All right, so price structure. This is what I mean Okay, consolidation All right It's actually a little bit longer or bigger, but I would go with maybe kind of a A consolidation period here and then a kind of a break of it. Okay now see how we just rejected here And we're starting to find some buyers Okay, I was actually looking for sellers here to pull this down Okay, we might we still might get them here. Okay, but instead we found some buyers here on the other side All right, and we did not find too many sellers now. We're starting to find a few Okay, so, uh, let's see. Let's see here if we get enough sellers here. Yeah, we exhaust it out here So they're looking for these sellers to drop it here. Yeah, there they go Okay, now this this is a little a little tricky here Okay, because uh, this might reject this little breakdown here And if we get buyers But this is what we be looking for is buyers back up here around 14 and a quarter if we get them Okay, these sellers got it wrong We'd be looking for not only to the other side of this range probably back to 18 and then finally maybe to 22 42 20 Okay, so anyway kind of a A Yeah, not not too much clarity here at the moment, uh at this little level here. All right Now we're just looking at two elements though Okay, there's a big piece of the puzzle that we're missing Where are they bidding and offering and that's where the heat map comes in Okay, we really want to understand that that gives us a lot of insight to what's going on So look at them pulling on the bid here And adding on the offer Okay, now there's actually starting to add on the on the bid see them adding here Okay, let's bet you these guys are going to pull I bet you we're going to get our Uh buyers up in here and stream right up into 15 Okay, and then 16 Uh, and then maybe we can get this move this bigger move into 18 and 20 Okay, so looking for buyers up here Hey, we've already gotten up to about this 14 and a quarter j1 one tick away Okay And look what's happening now. All right So we got we got some volatility in here. We got a larger player just coming in and straddling this market. Okay So this is going to affect the The auction here. No question about that. Okay, so All right, let's just take a look at this new information. All right. We're getting our buyers here on the bid All right looking for them to pull push higher here. Okay back up into 16 Okay, and then maybe we can get back up into our 18 Okay, looking for it Okay, see how we read this false breakdown here. There's our move into 16 still looking for it Let's see if we can get up into 18. All right Anyway, guys, we got a good going here. I gave you the link to the advanced webinar Um, it's in the chat there. I hope to see you there. It's free and open to all Uh, and then we'll continue this discussion there. Okay. Thanks for coming