 Okay welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities in futures involves substantial WISC of loss is not suitable for all investors past performance is not necessarily indicative of future results For more information about bookmap go to bookmap.com There is a free 14-day trial period it comes with education These webinars that you're attending right now are open for all is to get familiar with the platform The the features the components understanding the software Understanding what it what is displaying and and some basics about understanding order flow? but Once you are in trial we segment out those that are asking at the you know sort of New new questions regarding the their common questions to really hone home in on the Understanding the details in advanced order flow. Okay, so that's what the the you get with the as a bookmap customer That's every day Monday through Friday these advanced order flow webinars So that you can really refine your skills there it's at 11 Eastern time so in about 25 minutes and the Bookmap educational course that is also available to you the order flow Or the advanced order flow webinars support the material in the bookmap educational course And there are other resources as well. So together with the free Trial of the platform you really get gain an understanding of how to use it And and how to how to trade order flow Okay, so any questions reach out to us at support at bookmap.com and Let's Show you where you can find bookmap. All right, so for those of you who are interested in this trial. So come up to the Well the homepage here click on explore and There's an intro video here Just to give you an overview of what bookmap is and then there's just some scrolling information here about bookmap now This link here for next week's webinars. I'll update this in a few hours so you can click and register for all of next week's Bookmap platform details webinars here. Okay, and just continue on down here There's bookmap for equities. Okay with Nasdaq total view if we continue on down connectivity This is important. You will need Your own data provider or and or through your broker. Okay, so bookmap is a software platform We don't provide the data. Okay, so you can connect via one of these data providers or Brokers a little bit further down. Here's the bookmap free 14-day trial There's bookmap basic advanced and quant now. There's really only one version of bookmap is bookmap basic the other different offers here are for add-ons and Just just more features. Okay, so for example The bookmap advanced you get the one-click trading. Okay, the ability to trade from the chart As well as the these proprietary indicators that we developed to understand the subtleties in order flow Okay, for those of you are that are quants looking at your own data feeds your own proprietary indicators You can click here and learn more We can help you out. All right, so there is a few more links to go through here, and then we'll get into bookmap The if you need a data feed You know a demo you can click here and sign up for a demo And if you can't decide which one you want to use the bookmap basic advanced and you want to see the details You can compare by clicking on this link And you can see the comparison chart. Okay, notice at the bottom here is where you're really going to start to see the differences. All right Okay Let's see shows social media. You can follow us on Twitter at bookmap underscore pro and Also, you can subscribe to our YouTube page. There's plenty of videos here plenty of material for those of you who are new Encourage you to watch some of the intro videos just to get the overall feel of bookmap and then start with the features and components playlist here and Then watch some of these order flow video snippets. Okay, this is what we cover in the advanced analysis these are just really concise and Just go through the basics We go through these kinds of order flow phenomena in detail during the advanced Webinar. All right, so you really get an understanding of structure price order flow Price activity, etc. All right, and really what's going on within the markets because bookmap is able to offer a level of transparency that's really pretty unique so you will be able to Really understand some of the subtleties in the market and then that's going to allow you to make much more informed trading decisions All right. Okay So, let's let's take a look here at bookmap and what's going on All right, so zooming out Okay Now for those of you who are new here, we're looking at the Nasdaq e-mini Here's our 930 cash open. Okay, and you can see the move to the downside Looks like a pretty nice reversal pattern here. Okay, but Looking for some follow-through here Let's see if we can come up above the swing here. We're very close to it It's looking very poised to do that. So I'm looking for actually maybe maybe we can get a move up into this 59 58 59 area right now. Okay, we'll keep an eye on it. I'm looking for the breakout to occur right now so We'll we'll get back to that in just a minute. Okay, so This looks like a lot of information here. It looks very detailed and maybe Too complex. It's really not it's really simple stuff. There are three items that are being displayed here historical best bid and offer and Let me show you that Okay, I'm gonna take off all of the other data here Keep that Okay, this is your historical and let me we do we do have an indicator panel But book map is really not an indicator whatsoever. It's a very very transparent view of of the current state or Current and historical state of the market. Okay, historical best bid and offer. That's it. That's all this is right here Okay, if I zoom in You can see here, this is the current best bid and offer with the dashed lines Okay, historical best bid is the green line best offer is the red. That's that's it Okay, this is this is way more simple than understanding candlestick, for example Okay, candle. This is just the market. All right now. We'll layer on top the trade data All right, so now you can see here Transactions that that took place on the historical best bid and offer. Okay, that's it All right, so this is an important part of the order flow. We got one more rotation here So let's see if the buyers step in again and I'll cover this why why it came down to this area here But I'm still looking for that breakout here. I'm looking for that aggressive aggressive buyers green dots pulling the market up all right, so Anyway, we'll cover cover that in just a second here and let this unfold a bit So this is the volume. Okay now Let's look at something more Okay, the heat map. Okay, what is the heat map? All right, this is the other side that at Historical best bid and offer volume and then now we're seeing the auction All right, so in this window here with the with the current state of the market We're looking at the limit order book over here. Okay, so at 62 50 here in the Nasdaq We see 78 contracts It's painted white because it's high liquidity in the book All right higher liquidity is over here on the offer 94 contracts. It's painted white Okay, so we know that we know the current condition graphically here. It's just being displayed graphically Okay, that there's high liquidity up here. The market wants to trade up here All right knows it can trade up there that knows that there's liquidity up there okay, so And the market needs liquidity in order to trade Okay, so What we do is just take that data and display it here on the chart historically Okay, so note these little striations in the heat map right here. Well, that's the adding and pulling of liquidity Okay, that's all this is so what we're showing here is I zoom out and you maybe get a little overwhelmed by all of this data, but what we're just showing is the historical condition of the Limit order book of the dome This offers tremendous insight here because we're able to not just look at these numbers changing Because they'll change and then they'll they'll update right But it's we don't remember. Oh, it'll be hard to recall how that auction unfolded Well, look at the action here. They were interested in selling over here They come back in again at this area and they're back in again here at 53 between 53 and 55 in fact All right, so That we have it all recorded here. We know that there's interest here on the offer All right, that would be rather hard to remember for the last like hour Or 45 minutes or so and just to keep this in mind all day long But now you don't need to it's here in the heat map. All right Okay, so just to drive this point home Let me turn on these candlesticks. All right, because I want to show the transparency here that bookmap is is offering and it really gives you insight here and Let's just look at a candlestick chart. Okay, so this is a five-minute candlestick chart Okay, we're all pretty accustomed to this view. We know that this is open high low close of a five-minute period It's only four data points here though. All right And we're kind of trying to read and understand the volume where traders are committed the price action here by reading these candlesticks Okay, it's confusing or it it's it's opaque It doesn't give you the insight that you need the problem is here is we have no understanding of where the volume traded We don't have in any understanding of what happened within that five-minute period There's microstructural areas here that give us a lot of insight All right, so let me turn that on and just I'll show you Looking at historical best didn't offer that kind of insight Okay, as we zoom in Okay, well for example, I would say in this area here And we see the move to the downside and a nice kind of a snap back up into this area Okay, and then we get a little bit of a retest, but then we break this little microstructure area here come up to the upside all right, so We we come up and test some of these areas here where there were sellers earlier Okay, there's still sellers there or it exhausts out. You know, we don't find buyers Okay, so what the mark for the market rotates lower. Where does it rotate to? Okay, it rotates to this little structural area here Okay, and it and it either exhausts out Doesn't find sellers down here any longer or we start to find buyers down here okay, and We may even see a lot of In the limit order book historical view. We may see a lot of activity here They want to buy at a higher level in the auction on the bid All right, this is the insight that we're gonna get Okay, all of this information is just completely lacking in this candlestick chart. We have no clue and that's just looking at the Historical best bid and offer let's turn on the volume and we'll see the transactions and this will Give us a lot more insight. Okay, and understanding where the traders are committed. All right. Well, these traders down here, they're stuck We know that they're they're going to Anyone who sold down here is going to cover most likely cover well depends on on How you know weak they are in this market if they're maybe got a little bit deeper pockets They'll they might be you know covering up in this area. If not, they'll be covering probably in this area here Okay, and we can see let's zoom into this area Okay, this is where they got trapped All right, look at the buying the aggressive buying here that lifted the offer really quickly after we see a nice cluster here is selling Okay, in fact look where we came back to on the retest here Into this little structural area here where they were buying and we know that they were buying here Okay, we see some sellers here. They're gonna get stuck as well But we basically you know see we see some selling in this area here We go sideways for a bit and then the aggressor on the buy side turns turns it up again and they jump in here and Lift the offer. Okay. Now we break above this little structural area here and it's off to the races Okay to the upside This is the kind of insight that you're gonna see just just looking at the traded volume, right now Understanding this microstructure here is is critical Compared to You know like a footprint chart for example, you're gonna be able to read the the aggressor There's no question about that, but it's gonna it's gonna be aggregated It's all of this is gonna be aggregated within one Candlestick or you know, maybe a bar rotation Here instead we're getting real insight to structure All right, and we're we're understanding the volume within that structure And that's the key here. All right, so Look at look at how they we go above the the Area right here, and they they really really turn on the buying. Okay okay, so the That's the the inside just look at looking at the traded volume here Let's turn on the heat map though and let's gain some more insight to what maybe maybe occurred here All right. All right. Now we can see that they're layering in here In the in the limit order book. Okay, and they wanted to be buyers down in these areas here Okay, we see that they were pretty aggressive here, but look how they pulled their liquidity at this area here Okay, and the buyers They step in and really it price charges up to the upside It's searching for higher liquidity These guys here we we have all of this transparency. We we know exactly what occurred here Okay, if I zoom into this area, look how these guys here and we can use this tool we can hover over this area and We can see the date the time and then what was on the ask here on the askers 103 contracts That's pretty high for the for the NASDAQ All right, look how they pulled as price is coming up They pulled so did these guys want to buy a sell up here? No, they did not They it looks like they're pulling and maybe adding up here to higher levels Okay, so this is this is bullish You know, we're looking at the they're not so aggressive here They want to be buyer or sellers up in these areas here Okay, so the market is attracted to that area a little bit of spoofing activity here. Okay, no question it's Well, no question that this is the same actor All right, because look how there was high liquidity here someone came in and this is a larger player Came in here and our larger lot large lot tracker here is showing that But this is one of the add-ons that you get with bookmap Advanced that shows larger players and we can see the liquidity here. They jumped in here and they were very aggressive here They wanted to be buyers at these higher levels Okay, and look how they pulled here and added one tick above Right at the same moment and they did it again here. Okay, we've just identified the larger player now This is something that to understand how these markets operate Is is critical because We're starting to gauge What's going on here in the auction? All right. Now if we turn that off And the heat map we have no clue of that. There's no understanding of that historically You may have seen it over here Very quickly and but these numbers change and they update We won't we won't get the You know the display here historically of how these guys Performed and behaved there's it would be very difficult to understand some of this activity in the dome All right, instead we can see it very clearly here. Okay, this is just gonna skew the auction okay, it skews that auction and All of a sudden there's a lot of demand Okay, think of it like an auction think of that they they jump in here And they all of a sudden in an auction like a regular auction. Okay, they they jump in We all of a sudden we have like a hundred more Interested buyers at a high level in the auction Well, how would how would price? Or how would that object the price of that object behave in the auction? Well, you know it must be worth more and there's a lot of demand okay, so Where where where sellers where with where would people be willing to sell it where this is where people are very interested to buy Okay, it skews the auction All right. Now. This is what happens with short-term high liquidity. It will skew that auction We're looking at all sorts of things that occurred here the We see also a flip of the book they were we're here on the on the offer that flipped over to the To the bid and we see the aggressive Bind that took place here and it pulled this market to the upside Let me show you if I zoom into this dot because look at this big dot here And we see a pie display so like three-quarters of this is aggressive buying Let me show you what how we display this volume if I zoom in note How we break apart that big dot and we're showing you exactly what traded here Okay, now there's a little bit of lag here between best bid and offer and traded volume so Anyway, this You can see the lag here very clearly like this should be over here All right these they come in or when we're looking at you know millisecond and in some cases you can zoom in and we're looking at you know microsecond levels here, right? When we start looking at microsecond levels, we can see exactly what traded here And we can see a little bit of that lag. All right, so Anyway, note how we have every single individual Event that took place in the market and but as I zoom as I zoom in I break apart all that activity And we see exactly what traded here. Okay, look at this for example here I Since we can zoom into these levels and see exactly how these markets are trading we have an understanding Of the player here as well. This is algorithmic activity. All right, look at the spacing and the You know just a mechanical bind here Okay, it's got to be algorithmic activity. All right, so some algo is lifting the offer. Okay and And and we can see the follow-through now. This might be Together with some of these traders down here that are skewing the auction and they're lifting the offer At the same time. We don't know if that is the case. That would be an illegal practice and that that would be known as spoofing Anyway, the subtleties and details about this is something that we go through in the advanced order flow webinar What's important is to understand the fact that this has In the in them in the market All right, and how these markets really trade Okay, let's go back and let's take a look at our What occurred here. All right, I was looking for that breakout, right? Well, we didn't get it It was looking pretty good, but one more rotation down. We may get it right here again. All right, so You know there we didn't find enough buyers is what occurred here. Let me take off the candlestick chart Okay, so we're still range bound Right this did this looked really good up here in this area, especially it looked really good But what what we're looking for here is More aggressive buying here to come up and take this liquidity. This is the first stopping area here at 53 Okay, because that's where the liquidity is And we saw that they were interested here You know a half hour ago or 45 minutes ago and then and then just 15 minutes ago they were interested here again, and they're also coming back into the book Okay, as price is coming up So we know the sellers are up here. All right, if the buyers want to take them on that's where they can trade Okay, so If the buyers exhaust out though and we don't get that aggressive buying well, we're just gonna this is exactly what happened here, okay, and We we see the look at these little areas up here in the lack of aggressive buying. It's very different than over here Hey, we look at the big, you know green dots pulling price up. Okay, we see it here And then you can see that they exhausted out. They no longer were aggressive Okay, that's when we kind of rotate lower and the sellers take take control here Right, we can see it. We can see them right here taking control right here come the buyers again. All right, so It's looking pretty good. I'm looking for this to test this 53 54 area Okay, but this is different than before notice how we see the the aggressive buying here. All right Okay, so I know that happened quickly, but we had the and we're reading this very very objectively and very clearly Okay, this is what we were looking for over here It didn't happen over here. It exhausted out. We got another rotation deep deep rotation in fact and then and then you can see that I came back up and then this is what we were looking for earlier and Now we've got it Okay, now we see the breakout Okay, so you can see how You know just by by reading this Reading, you know the players Reading the transactions and reading where they're in the in the auction We're able to kind of piece this together very very objectively and very clearly And and and look for and anticipate this kind of price movement. All right, so anyway, I hope that was helpful If you guys want You know, I'll give you a link here to the advanced It's Friday, so You know we every now and then we'll we'll give out the advanced link So that I mean I need to end this session and then jump into the advanced one right now So let me let me hand that over to you guys Okay, I'm gonna put it into the chat Okay, there you go. So there's the link there. So click on that. Okay, it's in the chat and go to webinar and then we will We'll continue on all right We'll go through if you guys want to get a little more feel for what the advanced webinar is like right All right Well, we'll see you there. Okay. Have a good weekend. Bye