 Welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities in futures involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results We'll have to update this pretty soon and then in the latest version of bookmap that will be coming out in mid January We'll also be offering crypto currencies And it's a great data feed through crypto Okay, it's it's gonna be through the G DAX which offers some real nice advantages compared to Yeah, yeah, so I see the excitement here. Yeah, it's gonna be great the the big distinction, you know between CME and CBOE and What we're offering is The connection with G DAX so you'll really be able to scale your positioning for for example, that's that's one advantage Kind of like a forex how you can have micro and mini contracts Instead of take a you know one large futures contract that is highly leveraged Instead that you can really break that up into much smaller contract sizes All right, there's there'll be a lot of other advantages Nonetheless, let's continue on here. So for those of you who are new Welcome to the the webinars The this webinar we're gonna go through the the platform details and a bit of the order flow But we won't get into so much detail in the order flow That is reserved for the next webinar that starts in about 25 minutes All right, and that's for those that are in trial or current customers We separate the two out and the reason being is those that are current customers Already know the basics and the details in the platform. They want to know about how to read it in the live market And that is an excellent educational resource as well that comes along with that 14-day free trial Okay, so you get the there's an educational course and then during the live advanced order flow webinars It will support the educational course and there's other resources as well Okay, so let's go to book map calm and just quickly go through it Okay, we just scroll down through Book map calm intro video here is a couple minutes long just to get you familiar with it Just section here about book map benefits the platform, etc. There's book map for equities That's a new feature from well several months now, but through NASDAQ total view And then connectivity. So we are a software trading platform Okay You will need a data provider. We don't provide the data. Okay, so just like any other futures Trading platform like Ninja trader or like TTX trader pro or interactive brokers These are platforms and you need to connect your data to that platform You'll do the same in book map now these these three here are kind of interesting because we actually connect through the API of these platforms as well, so it's kind of a mixture but That's great because if you use primarily Ninja or primarily TTX trader pro you can also go through Through them as well Right else you just input your credentials for CQG or rhythmic or gain or IQ IQ feed or transact Or DX feed here dev experts for for NASDAQ All right Pricing let's go through this. This is the for that 14-day free trial 49 per month 99 per month. Okay, they are billed quarterly and These There's different features between the book map basic and advanced Okay, and the features are the one-click trading being able to trade right from the chart And then these proprietary indicators that we put together For example a large lot tracker it Identifies larger players in the market in the limit order book Okay, we all have we have some volume and book and balance indicators. We have an iceberg detector So we can discover when a larger player is using hidden orders To absorb but still not showing His orders in the order book and there's also correlation tracker. Okay? You know if you're new to futures as well You can also click here for a free data feed a trial and So you can do a free trial a book map for 14 days as well as data feed And if you still can't decide which which plan is right for you You can click here to see all of the features Quants you'll have specific needs. You'll need to reach out to us for connecting your data directly Your proprietary indicators, etc Okay All right, you can follow us on Twitter Get the most up-to-date information at book map underscore pro our YouTube channel as well you can subscribe to and The there's some playlists here that we have just on the front home page here Okay, the book map intro videos features and components Just to understand what you're looking at in book map and how to use it in the user interface And then these order flow video snippets that go through the phenomena that we go through in detail in the markets In the advanced webinars, okay? So this is where the rubber starts to meet the road you start to understand these markets and you start to understand What book map is visualizing? And then take advantage of that. Okay, so let's jump into book map And then take a look at the visualization here. Okay, what are we visualizing? This is gold. Let's go back. Let's take a look at the NASDAQ. We've been covering the NASDAQ for for quite a while now It's been moving a lot better than the S&P So yeah, let's we'll just do that. I mean you can see the real nice move here to the upside and Let's let's cover what what are we looking at here in book map? Okay this looks rather complex and if You've been trading for a while. You've probably never seen data displayed this way. Okay, so what is it? What are we showing here? It looks like a lot of high-tech information. It's actually not It's a very very simplified view of the market to be honest We have an indicator sub panel here. It's for the CVD Cumulative volume Delta. I'm gonna close that up and just simplify this Okay, we're only showing three elements here on the book map chart. Okay, it's a historical best bid and offer The volume dots here show where the volume traded on the historical best bid and offer and You see this a grayscale heat map here. Okay, this is the recording of The dome. Okay, you see these numbers here in the in the dome the depth of market Well, we record that data and we project it on to the chart So when you saw there was maybe high liquidity like here at 63 13 right now Okay, you can see them jump in here Then they just pulled and he actually it was the same player here pulled and added higher and higher yet again Okay, so we just saw there. We just saw a larger player in his activity here Okay, and he pulled yet again. He's up here now at three 63 16 Okay, that would be rather difficult to track here in a dome. Okay, and look at him jump all over the place here and Trying to position himself here, but that would be a rather difficult to first off understand the that in the in the in a dome and And then to understand that it's it's this one player that's that was doing that here And now you can see more players are getting interested as price is coming up Okay, so Anyway, let's get into the details here of what book map is displaying and I'll I'll explain each one of Of these and we're going to just start with a very simplified candlestick chart Okay, and just show that And let's zoom out a little bit Okay, so here's our here's our five-minute candlestick chart and We all know what this is open high low close of a five-minute period Okay, and this is the view that we're accustomed to for for quite a while if you've been trading something like this or maybe a bar chart And usually have some sort of indicators, etc. Trying to gain some sort of advantage The problem is the indicators are based on a derivative of time price and volume And they don't really give understanding of truly what's going on in the marketplace Okay, where did the actual volume trade? That's important. We want to know that that is lacking on this chart Okay, we have a volume sub chart down here, but we don't know where on this five-minute candlestick chart The volume took place. We don't know how much at that area and We don't know the type either aggressive buyers or sellers and that gives us tremendous insight to understanding and anticipating price movement All right, and The problem here the number one problem. Okay, the volume is one The number one problem though is the aggregation in a candlestick chart It just will aggregate back and forth within that five-minute period and then And then the candle will paint and it and then that's that okay there's also some price action that happens between each of these candles and There's microstructures that are broken that have a lot of volume that trade on them We want to understand that data. It gives us insight to the possibility of future price movement Okay, just the microstructure alone Is is going to give us an advantage and we can see that by accessing historical best bid and offer Okay, so for example over here this small example Well, here's what really occurred in this five-minute candle this this candle here. Okay We we went down a bit down below this range We came back up and we actually broke above this little microstructure right here Okay, let me draw this in so you so you can see it a little clearer Okay, right here And then you can see that we went up and we tested new highs for this range And it did not accept above it it came back down, but where did it come back down to? To the this this orange line that I just painted in here or are placed in here Okay, that's because it is accepting. It's not accepting above this high, but it is accepting above this structural little area right here All right Okay, so that gives us insight here just with the microstructure. So this is bullish at the moment all right and Anyway We can understand the microstructure, but now we want to understand another part of this And that's the volume. Hey, where did the volume trade and we're going to turn on the volume dots Okay, so this solves that issue with the volume dots of Understanding exactly where the volume traded. Okay, so look at this. Look at down here. This is pretty interesting price action and and volume We see quite a bit of volume down at this at this area here but We actually you can see them lift the offer here with not a lot of volume Okay back up into this area here to these swings of this high Okay, but the cluster of activity was actually down here So on these wicks on these candlestick wicks now we we know where that volume traded In fact, we can see a little double bottom here Okay, and then we can see who who won the battle on this and it was the the aggressor on the buy side Okay, and they're still winning the battle at the moment Okay, because you can see them up in this area here too. We were just covering this this little structural high up here Okay, and we see more aggressive buying up in these areas Okay, so So we remain we remain bullish just based on the volume here for the moment All right now, let's zoom into this area here And and take a look Really what occurred so you understand what's what book map is really? Displaying here. Okay, so if I zoom in And let's get rid of this line at this point Okay This is what the historical best bid and offer looks like okay best offer is the red line Best bid is the green line Okay, and you can see these green dots that take place on the red line and red dots that take place on the green line Okay, these are These are our trades or it's trading activity here. Okay, it's volume that that traded on that historical best offer Right so transactions so now we can see exactly where the volume is trading and We have a an understanding of exactly how much to we can use the data tip tool here and we can see that the date the time What was on the or the spread here as well as the volume that traded here? Okay, so this was for volume of three and note how look look how the the volume displayed here. It shows 6308.83333 That's because we're there's more trades than just one that took place here There's more trade events because we're giving you the overall VWAP of these three So if I zoom in I can continue to zoom in here Okay, and this is what really occurred here Okay, one two three there were three trade events Okay, there's a little bit of latency here between the best offer and and the traded volume The best offer did not make it up here and then and then come back down Okay, so That occurs you'll see it a lot Well, when you start to really zoom in I mean, we're looking at millions of seconds now Okay down at this level the micro micro second level We can continue to zoom in and look at nanosecond level Okay, and look at billions of seconds But that doesn't necessarily help us because we're not gonna we're not gonna access that So that's why as you note how as I zoom out I can press that timeline and we give you the overall shape of that volume with just a bigger dot Okay, so as I zoom out in book map You can start to see these areas where there's A lot more trading based on the size of the dot Okay, well you can use that data tip tool and hover over here and it tells you here's volume of 357 contracts this one up here Was 282 the majority of it up here was obviously selling Okay, why is this in a pie display? It's in that pie display here because as I zoom in note how I'll pull apart all those trades And this is what occurred. Okay. Here's here's a good good example of the latency Between traded volume and best bid and offer All right, so um, you can't have volume that trades, you know outside of the the best offer, right? So they come in via It well into my computer Or anyone's machine Via two different protocol Okay, tcpip and fix and new dp Okay, so because of that those different protocols we we can get a little bit of a lag Anyway, uh There was a lot of trading activity here Okay, we see a this is a sweep of the book This is something that we cover in the educational course And this is important to understand because it's usually how we move to new price levels Okay, not always. Uh, it could be a stop hunt or stop run But um, uh, look at there's nothing but buying here nothing but Okay, so either someone hit the market buy button for a tremendous amount and move price against them Uh, or it's just stops being hit. Uh, you know people getting out of the market Okay Anyway, as you as I zoom back out note how We're displaying this overall volume at the top here. There's both buying and selling up here But it's just aggregated visually for us. Uh, so we understand Really what occurred here. Okay with all of this volume All right, so that's the volume uh, and um, that gives us a lot of insight Okay, it's uh like a footprint chart that you know gives us the insight to where the volume traded Uh, exactly The problem with the footprint chart though is it aggregates the volume just like the candlestick does right and So it disguises the microstructure Uh, and that's where bookmark has an advantage because we can see the microstructure All right, we can see these little structures break and we can understand the volume that trades down below these areas just like right now Okay, note that the breakdown here Okay, and uh and and note that is is all the selling that's taking place here driving the market lower We're down below this structural area here. You don't see that in the five minute candlestick chart Okay, you just you don't get that structure right, so um Anyway, uh, let's take the candlestick chart off And uh, let's just look at the microstructure and volume and let's also look here at the um The next element on the bookmark chart and that's the heat map Okay, so what the heat map shows uh as I mentioned earlier it's a visual Visualization of the historical and current limit order book Okay, so here's our dome Here's our price ladder and here's our depth of market depth of market on the offer depth on the bid and the best bid and offer right here This window is showing the same thing But you'll see the heat map here in just a minute Okay, so what the heat map does Uh in this window here is we take these numeric values in the depth of market And we'll paint them bright for high liquidity Okay, and it'll be a little darker if it's less liquidity So this visually very quickly we can understand Where the high liquidity is in the in the order book and we can see their behavior So when these numbers are when this when this heat map changes is because the The liquidity has changed. This is the current state of the market here Okay, but we take all of this data here and then we transpose it on the chart historically So now we can see the evolution of the people here on the offer Okay at this at this 63 12 and a half Note the striations here. What this is showing Is I can hover over these areas. You see it you get the date the time and then on the ass We have 26 contracts. Well as I hover over these other areas. It just bumped up from 26 to 48 Okay, it's brighter in here as well Uh or here it gets very bright and this is 51 Okay 53 contracts Okay, so now we can start to understand These these players And how they're positioning where they want to deal in the book Okay, and their intent To trade at these areas now. We just traded right through that area right now Okay, well, let's let's get an understanding. We're going to zoom into this this level here Did this volume or I'm sorry did this liquidity trade? Okay, and here's our answer Hey, no it didn't Okay, so now at this point here. We actually had 59 contracts here Okay, pretty high liquidity for the NASDAQ And uh, this this uh or these players here pulled their liquidity at the last moment that price came up So we understand that this is fake liquidity. They did not have the intent to trade here Okay, we can make that distinction in book map so we can understand and utilize this dome data To our advantage we can understand if they really mean to trade or not Okay, and in this case they did not in fact, uh, this is something we We see quite often. Uh, this is called a flip of the book Okay, this is actually a pretty good example Um, because the flip of the book and this this is actually a disruptive practice. Uh, and it is uh Uh, it is uh illegal Uh, it needs to be proven. Uh, but this has all the elements of one that um is suspect Okay, they pulled high liquidity here with without intent to trade Okay, they're adding up higher into higher areas, but then look how they took their liquidity and flipped to the other side here Okay, it looks like Uh, their their intent here is actually to lower Buyers up into this area here Uh, pull the liquidity Add up into higher areas spoof on the other side here To try to get more orders filled at a higher area on the sell side okay now And let's zoom into this area. So now here's where we see liquidity. They stayed in the book Okay, here this this volume dot is uh for volume of 30 And they stayed here with high liquidity. There's 54 contracts here and they stayed there So we just made a distinction between fake liquidity and real liquidity And we're also starting to note the behavior here that just just took place Okay, and all of this is we're we're putting all these pieces together And understanding the order flow Just based on these three elements historical best bid and offer volume and the uh, uh, historical view of the uh limit order book All right, and we we just saw some pretty interesting stuff here Okay, you're able to use that to your advantage. Okay, and that's why we have the advanced live order flow Webinars so we can start to piece this together And and look for uh an advantage Okay All right, so here was our flip of the book And now that there it's it's you know, we were coming right down into that area here Okay, here's a little stop hunt into that area down below it and uh, and we see that uh, it was not sustained We're right back up into this range above This level here. This is a key level uh for this price for this time frame Okay, this 63 12 and a half Anyway, all of this here. We're able to discern uh in book map and uh Look to uh add this into our trading strategies Okay, it's just a very visual way of understanding the market uh, and uh, and it doesn't hide anything from you We can we can see The liquidity and the intent to trade at these areas or not All right, so anyway, uh, that's uh, that's what you're looking at in book map and then uh, there's all sorts of Different setups to start to understand And look for advantages We uh, we have our educational course that goes through a lot of that. We start with very simple things in that course Like understanding a sweep of the order book here Okay, we need to understand that This is a phenomena that has broken out Price has broken out into a new range Okay, and then we understand it in context to And that's that's an important word the context We understand this breakout here in context to the order book And also the volume here Because look where we came back to and tested right here Okay, right to where we broke out from Okay, and actually they pulled here Okay, and then they got they jumped back in And then uh, we we broke down below but came right back up in here And there's some pretty nasty stuff going on here But then uh, you can see that We still remain bullish here and those those traders providing liquidity at 63 12 are back and a half and three quarters are back in the market All right guys, uh, let's wrap it up and for those of you in trial. We will see you in the next webinar Okay, thanks