 The podcast is now starting. All attendees are in listen-only mode. Good morning, traders. Can you hear me and see my screen? If you could just type yes in the questions. All right, good morning, everybody. Okay. Let's get started. Okay, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Risk disclaimer, trading, futures, equities, and digital currencies involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. For more information, go to bookmap.com. The product comes along with education. There's a four-part educational course that you receive. And as well as access to the advanced order flow webinars that follow this webinar immediately afterwards at 11 Eastern. And during that webinar, we go through the advanced concepts in order flow that are within the educational course. So learn about it in the educational course and then in the advanced order flow webinars see that content in the live markets. So it's a good combination and I hope that you guys find it helpful. Okay, let's go to bookmap.com and take a quick look here. Just scroll down a bit. There's an intro video, information about Bookmap. A bit further down, you can see NASDAQ total view. So we offer a Bookmap for equities and then connectivity. Okay, so an important part to cover here. What is Bookmap to begin with? We are a recent visualization software trading platform. We are not a data provider. So you will need to provide data for futures or equities. We have an agreement with GDAX for the digital currencies so that you don't need to provide that data. So if you are looking to trade some of those digital currencies in GDAX then that is already offered for free. These are the ways that you can connect. Now you can see that there is a few different platforms in here as well. Like Ninja Trader, TTX Trader Pro, and Interactive Brokers Traders Workstation. We connect via the API of these three platforms but we are a platform as they are. So you can connect Bookmap directly like through CQG, Rhythmic, Gain, IQ Feed, Transact or DevExperts. Now this DevExperts is for that NASDAQ total view. That is for the US equities. If you guys have any questions about the equities I have some loaded here and we can take a look at some. Go over what Bookmap looks like for some of those equities. Really insightful stuff. It is a great data feed because you get full depth of market. Let me know if you have any questions on that. I will probably show it to you in the futures market because I am connected via Rhythmic and we can see full depth of market with CME products. Packages. This is where you can find monthly and subscribe. I am sorry, find Bookmap and subscribe. Let me reload this quickly. There is a free version here and now it connects to the live markets to the max exchange for digital currency. You only get one digital currency. You don't get the advanced education and you don't get full support. You are not able to trade from the chart either but you will get a full version of Bookmap with heatmap, volume dots, etc. Also one US equity is allowed. It will be delayed though so it is not real time so please note that. The digital plus version you can see is 37 per month and you can trade right from the Bookmap chart. You can display up to 20 digital currencies and you get the advanced education and full support. Bookmap Global is what you will need for futures and or the DX feed for US equities. It contains all of the features in digital plus but also allows connectivity to futures and US equities. You get the advanced education, etc. The Bookmap Global Plus is for all of what is available in global with the addition of the ability to trade right from the chart. These proprietary indicators that we put together are large lot tracker and balance indicator, iceberg tracker and correlation tracker. What these allow you to do is for proprietary indicators we put together for the order flow, understanding the order flow and we start to identify individual participants as well with that large lot tracker and iceberg detector. Now if you are new to futures and need a data feed you can click here and get a demo. There's a few different offerings available from different data providers. If you want a full list of all the different features here you can click here and then you can click here for any frequently asked questions that you may have. Let's go to social media. You can see here our at bookmap underscore pro and follow us here on twitter and get up to date information. All sorts of great stuff. Great image here. This is for Cisco for example. Check this out. This is with the DX feed and look at the market makers. Liquidity pulled all at once and look how they start to come into the market, layer into the market. A bit later. Beautiful, beautiful image there. All sorts of great stuff here so you might want to check that out. Our YouTube page as well. There's all sorts of videos here. Intro videos here. You can click on the playlist and watch all of the playlists or features and components here. And then order flow video snippets. Now these videos here go through the same type of phenomena that we go through in detail in those advanced order flow webinars. So that's our YouTube page. Now let's jump into bookmap and take a look. We're looking at the S&P E-mini. For those of you who are new here let's just go through some of the basics. What you're looking at and understand what bookmap is offering you. A very unique way of visualizing the market can look a little confusing here. It's actually really simple data. What you're looking at here in the bookmap chart let me close up this indicator panel which is this cumulative volume delta. What you're looking at here in bookmap is really just three very simple market elements. Historical best bid and offer. The volume that traded on that historical best bid and offer in these volume dots. Then this heat map that you see is just the dome. It's just a recording of the dome plotted onto the chart so you can see where they're bidding and offering in specific areas. That's it. Just to go through that in detail let's start with something familiar. Then we will strip away all these different layers of data and start with a very simple candlestick chart. Five minute candlestick chart open, high, low, and close. That's the problem here with a candlestick chart. It's an aggregated period. You may be looking at volume bars, you may be looking at ranko bars, whatever it is it's still aggregated within a period or rotation, etc. Bookmap is not. Bookmap is showing every single market event. Let me just turn on historical best bid and offer and you'll see what I mean. For example between this candle and this candle what really occurred? Well there was a lot of different action and we can see it. If we zoom in here and nice little kind of sideways action down here. We're closing down at lower lows or close down again at lower low and then we can see that there's a little microstructural area in here starting to find some buyers. We can see the wick here or maybe it's exhausting out of sellers. We don't know that data and why don't we know that? Because we don't have the volume in a candlestick chart. Let's turn on the volume dots. Now we can see where that volume is transacting and we can get a feel for the pressure, buying pressure and selling pressure in this market. For example we see a lot of red dots here pulling that market down. We see that buyers start to step in here and they actually break this little microstructural area. We haven't seen that yet in this trending down market. So buyers are starting to step in, starting to show some interest. Look how we broke even this swing up here. These are important areas to understand. It's completely lacking in this candlestick chart. We just don't get it. We're looking at data. We're also looking at clusters. Look at this cluster of volume in this microstructure up here. It's giving me a lot of insight. Buyers are starting to step in. That's different than the behavior over here and even here. We're starting to really understand now the details and the order flow. We're looking at still here about a half hour of data. A lot of people say that Bookmap is just great for scalping and we really beg to differ. This data and information is extremely insightful on higher timeframes. A lot of our traders look at Bookmap. They may be trading on the monthly chart, but they still want to understand what's going on in the book, even on those higher timeframes when they are ready to enter, exit, or manage their positions. Let's go over just the basics here of what we're displaying with these two elements that we have on the chart here. Let's just get rid of the candlestick chart here. One note about the candlestick chart. That is even a footprint chart. I'm very... I like the footprint charts. I don't have any sort of issue with those footprint charts at all. I think they're very insightful. The problem that I have with the footprint though is that it's aggregated data, again, just like this candlestick chart. It's within a period. You're going to see exactly the numeric values here of what traded and who's in control in some of the areas, but because it's aggregated, you miss out on the microstructure here. You also miss out on the speed of the way that these moves took place. It offers tremendous insight. Look at how we return back here into this area where the initiated buyers are clearly defined here lifting the offer. That's another problem with just data aggregation. Let's just zoom in here and let me show you how Bookmap displays the data. We'll just zoom into this little cluster here. We can continue to zoom into this cluster and we can continue to go in here. Now we're looking at microsecond levels here. We're looking at millions of seconds here. We can continue to look at billions of seconds down to nanosecond level here. Look at the timeline down here. Billions of seconds. We're recording every single market event. We don't trade off of the nanosecond level. If we go back out, note how we take this data, every single event recorded, and then we will just visually and graphically aggregate that into a bigger dot. You have an understanding of what's going on at that price level. Just in this zoom level right here really interesting thing to point out here is that between each vertical dotted line right here, this is the blink of a human eye average blink, 200 milliseconds. You can see how dynamic these markets really are. Within this 200, let's just zoom in here. Within that 200 millisecond time, 90 contracts traded here. That's in a blink of an eye and it's both buying and selling. It's all recorded but it's all visually aggregated here in a way that we can very quickly understand. These two elements historical best bid and offer red line is the best offer, green line is the best bid. These transactions or these dots volume is recording the aggressor. Someone hit the market sell button and these red dots painted here on the best bid. They took liquidity off of the best bid. They didn't provide liquidity. They're not in the limit order book over here providing liquidity. Now you can start to understand exactly what we're displaying here and then the insight that you can get from it. These green dots this is aggressive market buy. Someone hit the market buy there. Now as we zoom out and we put all of this together, the microstructure together with the volume and the movement here, we're starting to get a really good picture of who's in control in the order flow. That's what we want to know. That's the problem with aggregated data. It lacks that sort of insight here. Let's get rid of the candlestick chart. Now let's get to that third element. Question on the exact data that you want to know the details. You can use this data tip tool here and we can hover over these areas. This red dot here signifies volume of over 1100 contracts here. Now you'll note too that there's little pie displays in here of both buying and selling. It's just because we've visually aggregated it for you because there's so many transactions of both buying and selling that we have to give you the overall shape of it and understanding. You can see that they're selling in here in these little pie displays here. Let's just bring up the dot size a bit. We give you the overall. You have an understanding. There's clearly a majority of these 329 contracts that are traded. It's aggressive buying. Let's go over that third element on this book map chart and we'll go to the current market for this. We'll start to look at some of the order flow as well. We've got volume and historical best bid and offer. That third element is the depth of market, the auction. Where are they bidding and offering? Normally we consume that data by looking at the dome, the depth of market. The COB column here, the current order book, this is your dome and book map. You can see the price ladder here and then here just to the right of this vertical white line this is your best bid and offer currently and this is the last traded volume. Here in the COB column these numeric values, these are contracts on the bid side at these specific price levels where traders want to be buyers. This is the auction on the bid. Here's the auction on the offer. These are traders that want to sell at these specific price levels. The dome is great. It's great to see and understand where larger areas of liquidity or lack of liquidity is present. The problem with the dome here is that these numbers are constantly changing. You're going to have to memorize what was their behavior? Did they add liquidity? Did they pull liquidity? How much? What about areas around it? Did they front run it and added higher liquidity? Did they step back and provide liquidity at lower levels when they pulled it? We want to answer all of those questions. It's very tedious to be able to answer that in the dome. Remember it for over a long period of time. Here's how book map solves that issue. We take that data and we turn it into a heat map here in this window. You'll note immediately areas of high liquidity are painted in the heat map. Note how it was bright here and then they just pulled and now they're back in. We can start to understand their behavior. When the numbers change, the heat map changes. Look at these striations that you see here at this 2719 level. This is the adding and pulling of liquidity. This is what it looks like. It's flashing, getting brighter, brighter blue, and then it goes darker. This is the recording of that here. Here's the scale up here. When it's dark, there's very little liquidity. When it's blue, there's more. Then yellow and then orange is the brightest. Here you can see we're coming up to a level of high liquidity at 25 here. It's about 600 contracts up here. Let's zoom out now. This is what something book map offers. You can't get an understanding on a much higher time frame of what's going on here. This is longer term liquidity. It's been here for a while now, up at 25. We know that. That's fact. You'd have to memorize that in the dome and note it and see if they still stayed in the book later on. It's just all right in front of us here graphically. We understand that they're still here. We can also start to determine their intent in that auction. Did they stay in the book? Did they pull? Did they actually trade? As price comes up toward them, what was their behavior? This offers tremendous insight to understanding the intent of these larger players providing liquidity. These are larger players in the book. They're layering in at these different price levels. Let's zoom into that area. You'll hear a lot of traders talk about this. What are the specific price levels with liquidity here? I don't really look at the liquidity because it's all fake liquidity. Here's a glaring example of it not being fake. We can determine that liquidity that is real or fake. This is real liquidity. There's 743 contracts here. This is the book and traded. This is fact. We know that. This larger player, you can see exactly how many contracts traded here. 697 traded out of these 743. There's your answer. You know that these guys absorbed or went through, but they got filled at this area. Here we come up into this area up here and look how their behavior is different. Back here, 479 contracts. Now they're starting to pull 376. 374. Is this real liquidity or more fake liquidity? This is a little more convoluted. The answer is both because they are pulling as price is coming up. They don't have that intent to trade like these guys did down here at 20. They're starting to pull, but they're staying in with some. The answer is both on that one. Also note, look at the behavior here that we can witness. Larger players playing at the whole numbers. 2720, 2721, and then 2722. That's layering in at these higher levels. Let's just zoom out a bit further because we can see that we have another barrage of transactions up here. Again, we can answer that question emphatically. Was that real liquidity? The answer is absolutely. It traded right into it. Let's make a distinction between that and fake liquidity. Here's fake liquidity. Well, I shouldn't say it's fake. It's just that they don't have the intent to trade. They were in the book here and then price ticked up into them and they pulled. They don't have the intent to trade here. We can determine that. Now you can start to understand a lot more about what's going on in this auction. Look for example at this area here where we traded up into a lot of buying pressure here, as you can see. These larger players are going to slow down that buying pressure. We see one more hit here to the high side. We're starting to see a lot of sellers starting to come in here. Now we can start to put the pieces together and understand that this uptrending market we're finding people that are starting to take the other side in that auction. Now if we see sellers start to take control here we're getting both sides here. Kind of looking for some sideways action at the moment. We're starting to understand that a lot of that buying pressure is being absorbed or it's starting to slow down that aggressive buying to the upside. Look at the behavior here as well. If we look at this player up here and it's probably the same player, it's got to be basically 9% sure. Providing high liquidity up here, 509 contracts 17 contracts, he pulls at 23 and then aggressively moves it down to full points to 21. At the same moment he pulls here he adds it down here. That would be rather difficult to witness in the dome. We can start to understand that's pretty aggressive here. You can see that the buyers are shying away from this. Here come the sellers. We're just starting to witness the potential here for reversal in price. I'd like to see it come a little bit lower and I'd like to see more contracts trade down here on the sell side for this reversal because we can see we are still in an uptrend at the moment. Now we're starting to piece on higher timeframes, that together, this structure we can draw on the chart here, along with the order flow and the auction. We're getting a complete picture of what's going on at some of these very specific price levels and we're able to utilize it not only for microstructural areas and scalping, but on much higher timeframes. Let me know if you have any questions. Let's see, Edson, you have a question here. It's going through XP. I don't know the details on that. I don't know the details on that one. Edson, if you could just reach out to support at bookmap.com and I think we can give you a more precise answer on that. We're just offering a new release to the Brazilian market, which is just going to be great through XP. Reach out to them and we can give you a better answer. Let's wrap it up here. It's about 11 o'clock. If you're signed up for bookmap, then we'll see you in the next webinar. Have a good day.