 Okay, welcome to the book map platform details webinar. We're going to go through book map and What book map is displaying here for you now? Risk disclaimer first trading equities and futures involves substantial risk of loss It is not suitable for all investors past performance is not indicative of future results Now we have the platform details webinar now at this moment and in about 25 minutes we have the book map advanced webinar, which is for those in trial and current customers so that We go beyond just the platform details. We go about looking at and Analyzing the order flow in the live market and this is where the rubber really meets the road You guys will be able to start to integrate that into your trading once you understand the platform and Then then you'll start to understand the order flow and using book map like a like a pro Okay, so I'm gonna we usually do this I'm gonna paste in here the link to the webinar for the advanced which is in 25 minutes And so you guys get a sneak peek of what that looks like. All right, so it's just just for today and Some other kind of housekeeping stuff to cover Next week. We are having the pro trader webinar series. Okay, so we won't be having the Either of these webinars platform details nor the Advanced instead, we're gonna have professional traders come in all week long, I believe except except for Monday and They're gonna cover how they look at book map and trade. Okay, so It's great that you guys are in these webinars and Go through the platform details, but Is it's really insightful to see how other traders are also using book map all sorts of different trading styles But they want to understand the order flow. Okay, so that can offer to a lot of insight so anyway Let me see here. I think I can we'll send out a Link to that. I think I have it here as well just a minute and I can I can give it to you right now Yeah, here we go Okay, so if you want to register for that right now, okay? Yeah, here it is So there it is. So there's a couple different links in there for you all right and Okay So more information about book map if you're interested go to book map calm Once you are in trial you have access to a lot of the free resources If you have any questions, you can always reach reach us at support at book map calm Okay, here's where you can find book map. Let's just go to the homepage here. Scroll up to the top Just hit the explore button. Okay come down here and you'll see some intro videos Watch these they're they're very short, but it just give you an overview of what book map is all about Actually have a new page here called usages And you can understand all the different usages of book map here. Okay? This this product is is is pretty diverse. I mean there are a lot of quants using book map looking for very specific things Automated strategies or API you can have your own strategies here in book map and Yeah, real-time monitoring and Debriefing this is using that replay mode okay Extremely fast execution here that can be I can detail that just by using some of these automated strategies and show you that But it's pretty pretty amazing And then just the visibility here and that's mostly what we're going to cover in this webinar. Okay, just the basics All right. Anyway, that's a new page Let's see count connectivity is click here and You will need your own data provider And these are some of the data providers and brokers that we support Okay, and let's click on Not equities on price Okay, here's where you can find book map. All right, so there's two versions basic and advanced 49 per month 99 per month for the advanced They are billed quarterly and you get a 14 day trial period now What you also get here is the ability to trade from the chart Okay, that is not on the basic and then all of these add-on indicators and these are different add-on indicators That we're accustomed to this is more geared for the order flow. Okay, so that's the difference in the price Now if you are interested in bundling the basic or advanced, okay With DX feed then you can with these two options here Okay, it's just it's a it's a data feed and it is only for us equities Okay, so it's not for futures. All right. It's a special deal. We have with dev experts We're not a data provider is through them. We just have This relationship and offering it as a package deal. All right Okay, you can follow us here on Twitter for the most up-to-date information And then our YouTube page Let's go over that quickly Here's another intro video and then features and components. I would watch these to get up and running here And and you can see the rest of them some of the selected webinars. We have Etc. All right. All right, so let's jump in here and look at bookmap. God nice move on NASDAQ This was seen in pre-market, which was really nice anyway Yeah, let's cover. Let's cover the NASDAQ. All right, so Let me zoom out here Okay, and let me Way I'm gonna cover this what book map is showing you for those of you who are new here is just go through the basics Okay, so we'll start off by peeling off layers of information and then adding them back on Actually volume bars we want Indicators no heat map no Okay, so let's change this into Five-minute candlestick chart It would be better. Okay All right, so here's a five-minute candlestick chart. This is something we're very accustomed to looking at and We understand open high-low close of a five-minute period the problem with the candlestick chart is there is a lot of information It is simply not displayed in that your disposal We have a volume sub column or a sub chart here that you can see that's good. That's insightful However, there's all sorts of questions here that are unanswered Where did the volume take place within this five-minute period? That is essential to understand How how much volume traded? Exactly what type of volume was aggressive buying or aggressive selling that all offers a lot of insight, okay? So that is lacking here in this candlestick chart So let's start to turn on some layers here, and I want to look at some sub Or some structure here as well and that is lacking in this candlestick chart So we'll just turn on the best bid and offer and we can start to see All these little micro structural areas like right in here, okay? Or we can see the the the basing above this orange line here Okay, we can see the breakout already and the kind of move to the upside and then we see the follow-through here That's really kind of lacking here in that candlestick chart. We really don't see a lot of this structure Okay, we certainly don't see this kind of head and shoulders pattern up here On the on the candlestick chart, okay? We just see a wick and then We don't even get a retest of that area. We just continue down and we retest actually the Not not only the 930 open but this kind of pre-market area here And that's where I can't wait to show you guys because we saw just massive liquidity lined up here Okay, so we'll get to that, but we're first going to add on the volume Okay, and we're going to get insight regarding the volume Okay, let's zoom into this area here Okay, just click on the hand tool left click hold and drag and then just use my center mouse wheel to zoom in really quickly Okay Okay, so here's this breakout candle in your five-minute chart. Okay Where's the volume on this five-minute candle? Okay, it's it's it's represented here in book map actually with the sub chart so this is actually a little different than the way it is on a You know a candlestick chart because we actually are showing you a little more insight here with the volume sub chart Okay, so what I want to cover is like where where is the majority of that volume? What type of volume is it and where did it take place? Okay, so down here? Although we're above this little structure here this micro structure Okay, and these can't these two candlesticks and we can see the the volume starts to give us insight right in here Okay, we see the aggressive bind taking place and more bind at a higher high This is bullish Uh, we get a retest back down to this little micro structural area All of this information is lacking in the candlestick chart. Okay, it just doesn't give you that transparency We hold above this little micro structure right here Okay, and look at the buyers come back right back in this is bullish Okay And and we can see that they're sweeping the book higher. They're taking price to higher highs They're taking all of the liquidity here And a lot of buyers are jumping in Okay, uh, that's where a book map can be helpful for you is start to understand this traded volume okay, uh the Let's let's zoom into an area here and I just want to show you let's look at the high here. Okay And I just want to cover what type of volume a book map is showing you here Okay Because on the historical best bid and offer which is historical bid is the green line historical offers the red Where the volume takes place? Okay This is the uh, we're showing the aggressor classification of volume Uh, a market buy Uh is a green dot. Okay, so they cross the spread. It's aggressive because they hit the market buy button and took liquidity off of the best offer Market sell but uh button was hit here and a transaction took place here on the uh on the best bid Okay, this happens of course all day long And this is a true representation of what's occurring here in the marketplace now You can also see the way we're representing this volume here. Uh, these are small little dots. We can use the rollover tool Okay, and we can see exactly here the date the time The liquidity here on the ask on the best ask and the volume. This was for eight contracts Okay, this one here was for seven Let's continue to zoom in that we might see more contracts broken up. Yeah when we do Okay, so note how as I start to zoom in Okay, so I see eight here now as I start to zoom in we break apart all of that volume Okay, in this case, it's only two. So this is actually what took place here was one trade for seven And another trade for one Okay, but you can see how we aggregate it as we zoom back out So we're giving you the overall picture of the volume. Okay, let's look at this one this one for seven Okay, and again, this was broken up Into actually several different trades Okay, we see volume of two here volume of one two one and one Okay for a total of seven within this viewable chart range So you can see you're getting every single piece of Data and market activity But, you know, we're looking here at, you know Millisecond level here, or I'm sorry microsecond level here. We're not trading off of millions of seconds. Okay, we don't really need that level of Of data in detail unless you're a quant and you are trading Algorithmically and you want to see where your algorithm is Getting filled and how it's performing and book map is going to be Fantastic. Okay, it's also going to be great to for those of you just discretionary traders trading Because you will be able to Debrief your trading In book maps replay mode and start to understand where these took place Okay, so anyway, that's the The traded volume now as I start to zoom out look how Okay, we're consolidating And aggregating all this information into something more viewable and understandable Okay, and in the end If I zoom out Uh, we get we get kind of pie display here that you can see not not up here because it was mostly Yeah, you can see the pie display Um, let's look at a clearer one though here. Okay, so mostly selling was here Okay in this overall pie display The volume here was 336 contracts and roughly three quarters of that Is aggressive selling? Okay, and a quarter is aggressive buying So that's the way we just um display the the volume And um and that is very very insightful. Okay Essential for making good trading decisions Okay, now, um, let's let's cover now, uh the the heat map. Okay And because volume is important But there is another side to it And that is the um The bid and the offer the auction Okay, where are traders lining up to trade? We want to know that information that is completely lacking in this chart right now Okay, this is going to be lack this is data that is going to be lacking in basically The majority of charts that uh, we're looking at We're we want to understand the liquidity Most of us understand liquidity by looking at the dome. Okay, if I zoom into the current market, here's our dome Okay, the c o b column right here Okay, uh, you can see best bid and offer right here and you can see the liquidity on the offer and the liquidity on the bid Okay, right at the 6 000 level. This is what we're looking at yesterday. In fact, uh, interesting or important level no question Uh, and um historical or current best bid and offer is also here in this window. Okay, we can see the um Best bid is the dash green best offers the dashed red and this number is the last traded volume Okay, NASDAQ has a little spread to it as you can see uh every now and then we uh, There's just less liquidity compared to the s and p and you'll you'll get a spread every now and then Uh, and you can see that spread here in the historical best bid and offer as well All right, you can see very clearly Anyway, uh, look at the aggressive buying coming in right back in all right pulling the pulling price up initiated buying Right for those of you looking at volume profile Uh, or uh, I'm sorry auction, uh market theory Okay, uh anyway, uh understanding the liquidity is the next level Uh of the order flow understanding these these areas here We want to understand where they're lining up to bid and offer how much how long did they stay here? What about other traders? Are they front running those traders that with the high liquidity? Or are they uh stepping back and away from those areas? Uh, we want to understand that we want to understand How the liquidity is behaving because the market needs liquidity to trade That's just how it works. Uh, and um Anyway, that's um Yeah, we can we nice still still moving here nicely to the upside here in nasdaq And what I want to cover here, uh is the uh, the heat map the other side Of that liquidity. So let's turn on the heat maps. Okay, so And this is where it can get confusing, uh with It just looks like perhaps a lot of noise on the chart. So let's describe it here. It's very simple Uh high areas of liquidity here in the limit order book Uh, they're going to be um given a graphical representation in this window here with a heat map Okay, so high areas of liquidity Uh have like look at the this uh, six 6,008 up here 174 180 contracts All right, and it's bright white Okay, so that's the graphical representation of it Okay, you'll see look at how the grayscale is changing down here When the when the numbers change Okay, now where it gets interesting is all of that information here in the heat map Uh is recorded and then transposed onto the chart Okay, so look at these striations right here in this area. This is the adding and pulling of liquidity And that's a that's what we're looking at here right up to uh, 6,008. Wow strong strong market. Um Okay, so uh, so you can uh, let's let's stop this for a second And let's just go through it like if I hover over these areas, uh with using this, uh, rollover tool I can see what the liquidity was Okay, it tells me here. It says it gives me the date the exact time here in the millisecond level uh, and then um The uh, what was on the bid? Okay, 67 contracts then it got bright here It was went to 76 contracts then it got dark again and went down to 60 62 here And then it got bright again to 72 Okay, so that that's what the striations here in the heat map are showing All right and Now the insight here and I'm going to cover um Uh a concept about the distinction between longer term high liquidity And and shorter term, uh liquidity, uh a bit later because that can be confusing for a lot of traders Okay, but um Uh what I want to show and I'm going to take the candlesticks off the map at this time Okay, because we saw this in the pre market. It was just just beautiful. Um Okay, so here's pre market 9 20 Uh eastern time 10 minutes before the cash open. Look at the high levels of liquidity underneath Okay, uh, and I was demoing this to somebody in real time and you can see I I um Put this line in here at 62 We see nice kind of move to the upside in acceptance above here Okay, and then and then we can see the move uh here Uh to the upside now The the traded volume really didn't tell me much in here Okay, this liquidity map told me a lot All right, so those of you looking at um, uh the traded volume you probably would have missed this Okay, but the liquidity map actually gives you a lot of insight here. Okay, so Let's uh, let me just take off the heat map for a moment and and see what I mean Okay, I don't really see anything. I mean, I see a little bit of aggressive buying here. It's not a lot um and Yet why is price holding up here? I see aggressive selling coming in here All right, and we just kind of go sideways though. Well, it's because there's heavy liquidity underneath And that is completely lacking in this chart. It would be completely lacking here Uh in the in the uh in the dome as well, you would have to understand that in the dome There was high liquidity here several minutes previously And you you wouldn't know that though unless you remembered it marked it down Knew that this was an important area Instead book maps giving you an insight with the historical plotting of that Of the dome of that dome data and here it is All right, and then you can see 925 now it's looking pretty good with the traded volume Okay, we see the the move to the upside high liquidity comes in underneath here at 65 And then this is still before 930 nice move to the upside And then we see 930 open and a lot of volume starts to come in here. Okay, so it's a different picture after 930 but You know, we see the move the initial move to the upside and Actually kind of have expectations for this liquidity to get tested By the traders and we indeed did okay here. Here's that retest. Okay, but look again at the heat map Okay, look at the traders lining up. In fact even more bullish here in this area. They're lining up before ahead of This area here at 59 60. This is giving you insight Okay, and We see we see what happened. Okay, we see the move to the upside And then look at how they throw more liquidity at a higher level. This is still bullish Okay In fact a little bit of a flip of the book high liquidity here flips over to the other side And we get tested right here Okay, they stay in the book and price moves to the upside Okay, and and goes through into this area And we can see how a lot of this liquidity got filled but we can also see how they're they're pulling it as price comes up They don't want to be Sellers up here. They start pulling and adding to higher levels It this remains in the book just in the heat map This is their intent to trade is not at these levels. It's higher Okay, some of it remains But This is still showing bullish activity all right Okay, guys Just that that's the basics some nice stuff here in the nasdaq I'm going to cover a lot more of it In the the webinar that starts in just a couple minutes so I'll repeat a little bit of this but I'm going to start off with yesterday's action something we saw and Uh, actually it did not turn out the way that that we thought All right, but uh, I'll cover it and and you'll see what I'm talking about But wow nice moves here. Nice moves. Okay All right, guys. Well, let's uh, we'll end it here I gave you the link to the advanced webinar. Uh, let me give it again if you uh, if you want to, uh Attend that Okay, and then I also gave you the link there. That's that second link that's in the in the chat there um, and that is for the Uh, just a moment here that is for the uh pro trader series next week Okay, here we go Here is the advanced webinar link For those of you who came in a little bit later Okay, so I'm going to start this webinar in just a minute here. Okay. There you go. It's in the it's in the chat box And we'll see you there. Okay. All right guys. Take care. Have a good weekend. Bye. Bye