 Okay, welcome to the book map platform details webinar. This is Bruce at book map the risk disclaimer trading equities and futures involves Substantial risk of loss is not suitable for all investors past performance is not necessarily indicative of future results For more information you go to book map comm. There's a free trial for 14 days. This comes along with education So you get the platform for 14 days You also get access to the book map advanced order flow webinars that start in about a half hour All right There's also access to the educational course and the webinars support the educational course and there's other resources as well Okay, so if you're new to book map and new to order flow, no worries You get the access to the platform and education to get you Kind of ready and to understand what order flow is and how to trade it and integrate it into the way that you trade All right, any questions you can reach out reach out to us at support at book map comm Let's let's take a look at book map comm here. Let's go up to the home page All right, we'll click on explore and first. There's an intro video here. Okay, and we'll just continue to scroll down All right, so I I would recommend watching this Intro video it will give you an understanding of what book map is very quickly and just about a minute or two Then about book map you can find out more about it here Obviously the free webinar link here is updated every Friday. So you get access to the entire week next week Understanding about the platform its benefits. There's a link here to the trial some testimonials There's book map for equities. Okay, this is for the last like six months or so We've had book map for equities if you guys trade equities. Let me know I can look at And cover a few of them as well. It's pretty unique to see the equities and see The order book in fact, it's a really nice data feed with NASDAQ total view and last sale It offers full depth of market All right, this is a nice benefit here. There are many benefits with it as you can read about it here This is one of the one of the best or at least one that I like quite a bit because you can see at At the cash open where larger traders well, you can see the book and it updates Even if it's several dollars outside of current price It's live. All right, so you'll see where larger players are starting to position their orders All right, for example, I'll just dive into it quickly here and we'll take a look at book map Okay, let's look at Apple and let's zoom out Okay, here's our 930 cash open Here's the larger player right here. Okay, this player Has been waiting and providing liquidity up here in this market for quite a while. Look where price went Okay, right to it these other other traders layered in right at 930 right at the open here They wanted to get their position in line They wanted to be sellers in these areas and these areas up here as well All right, this is a nice benefit All right, where the targets well right down here 174 right at the open basically and We had initial move down and then and then a move up, but Anyway, that's what I wanted to cover. We'll be looking at the NASDAQ today, but That's the advantage that you get with a full depth of market. Okay now Let's continue on down because connectivity there are a few futures Connections here that offer a full depth of market as well CQG and rhythmic. Okay Some of the others they offer a limited order book It is still excellent though and still gives you a lot of insight. Okay, so don't disregard that It's just nicer to see the full depth for the reasons. I just explained all right So you will need a data feed here To connect to book map and we don't we're not a data provider. We're a software platform All right, so if we scroll down a little bit further, here's the pricing information and the 14-day free trial that you get and There's book map basic advanced and quant there's really only one version of book map. That's book map basic The advanced it includes the one-click trading right from the book map chart and Proprietary indicators that we developed to understand order flow Okay, book map quant you're able to connect to your own data feeds and do your own studies, etc Okay, now if you're new here, and you don't have a data feed or broker yet you can click here and Well, let's just do that Okay, and there there are four different offerings here to get a free trial Okay Okay, if you want to go through the comparisons of what you're getting between the two different Platforms here or the the add-on features so you can click here Okay, this will take you to the comparison And you'll see what you what you're getting here And if you scroll down to the bottom is where you start to see some of the differences. All right Okay, well, that's the free trial you can also follow us here on Twitter at book map underscore pro to get the latest update on information here and And then also there's our YouTube page. Okay, you can subscribe to our YouTube I Would suggest watching some of these intro videos if you're new here And then look at some of the features and components and this will get you kind of up to speed Of what book map is how you're able to trade with it Just the functionalities and the components what is displaying and how to access it And then these video snippets, this is where the rubber is going to meet the road. These are very concise videos there snippets of a lot of the content that we cover in the advanced order flow webinars Okay, so we go through Just watch a few of these to gain an understanding of what book map Displays the phenomena in these markets and You'll probably gain a nice understanding of Really how to use book map in your trading. All right Okay, well, let's jump over and look at the market here And what's going on? Okay, so for those of you new to book map We're looking at the Nasdaq e-mini here and I'm zooming out. Okay, here's our 930 open We can see the volume that picks up here Oops, that's a little too far hold on Okay all right, so Looking at the the Nasdaq here now This looks like a very complex chart Okay, it's really not. There's we do have a sub chart here that was Highly requested by our users. So we offered it and this is a cumulative volume Delta Okay, I'm gonna close that up for now and we're gonna go through Just the basics of book map. Okay, what what are you seeing in this chart? All right, so we'll compare this to a candlestick chart To begin with because we do have candlesticks here and I'm gonna turn all of the other data off Okay, because book map is actually showing you here it This this view here this candlestick chart conceptually is More advanced than what you're looking at book map with all of the different types of data Right conceptually it is because this is a five-minute candlestick chart. It's a five-minute period that is aggregated and It's open high low close of that five-minute period Inside of this candle. We have no clue what happened. There's a lot of opaqueness in this chart Okay, for example, there's microstructures in here that are broken and then you we also see the aggressor classification of volume the the aggressive market buy and sell orders, okay the order flow that Really make price move. Okay, where did they trade how much? And what type of trader? Okay, all of that information is completely lacking here Right, so that's where a Book map can display it. All right, so we're gonna just turn on historical best bid and offer and What this allows us to do is start to understand microstructure Okay, for example, look at this little pattern up here Okay, this is this is 15 minutes of data here five ten fifteen okay, but We're really lacking understanding of what happened here In the in the order flow, there's no question in the order flow. Okay, but this starts to look like a Pattern, we're all familiar with okay. Well, this is basically a triple top But you know more more like a double top. Let's call it a triple top. That's fine I don't have a problem with that And we're gonna see a shift here in the order flow Okay, we have no clue to that shift here looking at this candlestick chart. Okay, we do see here The move to the upside we see some buying pressure on the wicks But that's about it. Okay, what about the the the volume that traded within this area? Okay, we see a spike down here All right, so actually this is gonna show up on this candle over here It's not gonna we're showing the when it took place here actually between 950 and 955 Eastern time Okay, so We're already showing even with the sub chart here with volume. It's it's more information So we know that it happened in this area here the majority of the volume Okay, you're just gonna see a big Bar over here on this candle. So you have no insight at all to what occurred up here. Okay, so Let's let's take a look here. All right, so we see our pattern we see some sideways action and then right here Is where we see the break at 63 23 right around here Okay, and we're gonna see that the aggressive seller came in Okay, we're gonna see the order flow shift up here All right, and we're just looking at historical best bid and offer right now. And that's it Hey, we're not looking at any other data, but we're already gaining gaining understanding of structure here Just by looking at this now. Let's turn on the volume. Okay Where did the the volume trade? Where were the transactions? Okay, that's shown here in the volume dots All right, so this is very indicative of a trending market to the upside We see more aggressive buying at higher highs pulling the market upwards We see a shift here Okay, we start to note aggressive sellers start to come in in this area here Actually, there's a there's a phenomenon here that there's a little bit of the bullying of the market here And there's some spoofing that occurred in this area, and I'll show you that in just a minute Okay, so This really put the cap on things and we're gonna see the change here Right, and this is the kind of insight and transparency that we need to understand the players and the the other their positions in in the market Okay, so Anyway, we start to see the shift here Okay, now we come up here, and we we've tested this area twice. We can't even make a higher high up here Okay, what about in this area? What look at the aggressive buying up here? Okay, what about compared over here? They're starting there's a lack of interest in buying Okay, now look at the sellers over in this area. They're pulling the price They're pulling price down sellers are coming in on the other side and getting interested Okay, let me zoom into this area here this little top Okay, and I just want to show you what we're displaying here at a more micro level here Okay, so this is it's really simple stuff. It's historical best bid and offer here Okay, this is a spread. There's a spread widening here of a tick All right. The here that the tick is is just one one wide, right? It's two here. So, you know, if you hit the market buy button, you'd get filled up here Okay, these dots show the green dots are transactions this is someone hit the aggressive or the market buy button and They took liquidity off of the best offer Okay, and a green dot Is painted here on the chart? Okay, so We can zoom into this area here in fact and start to note Exactly what occurred here Okay, we're down at micro second level. We can continue to zoom into nanosecond level We're looking at billions of seconds here Okay Our complex event processor can handle that in real time But note how when I zoom back out Because we don't trade off of these times. So when I zoom back out, we're giving you the overall shape of of the Volume that that took place here. Okay. In fact, we can use this data tip tool hover over here And it tells us a volume of six traded here. We get the date the time on the ask and the volume All right, so we know exactly what occurred here. We have the number of events Down to the nano or basically unlimited zoom levels, okay, and we have the overall understanding of each individual Trade event and volume Okay, so a red dot that's the opposite. That's an aggressive market sell that took liquidity off of the best bid Okay, so that's all we're showing you here. Okay now. It's so it's it's it's not complex at all We're just showing you where the volume transacted Now if we start to zoom out, we're going to note some of the displays here turn into this pie display Well, what's occurring there? There are so many different transactions that took place That we have to give you the overall understanding of what took place here. Okay, and we do that with this pie display Okay, we can use that data tip tool and it tells us volume of 380 actually took place here and it gives us the volume at the price level in terms of VWAP All right, so at 6325 point one five All right, that's the overall volume weighted average price Okay, so that's the volume and now we're starting to understand where it took place. What type of volume? Okay, this is where we see the aggressor come in. Okay. This is a bigger player. There's no question about that Okay, they they're dominating the market here right and they they are Really reversing the market in a lot of senses here Okay, it's initiating that reversal Anyway, we'll get into it in just a minute here But so now you can understand what you're looking at in book map in terms of volume Okay, and here's that little area right here. Okay, we were looking at this structure going across here and Here's our breakdown and we see the decelers come in Okay, buyer's on the way up sellers on the way down. We are now trendy the trend has reversed All right We see the exhaustion up here the lack of buying we saw sellers come in here We did get the retest but no buying and we even get a retest here These are little setups that we look for all the time in the advanced live order flow analysis Okay, looking for these little retest into the into the microstructure You'd be hard-pressed to see that not only in the candlestick chart even a footprint chart Even if you're studying volume in a footprint chart, you're you're you're not going to see this Because this is microstructural areas Right, you're going to see the aggressor come in you're going to see them You know hitting the bid but it's going to be within a bar You're not going to understand that price broke out of this little structure here. It exhausted up here It broke the structure and we're getting a retest. This is an excellent area for entering. Okay, if you're bearish Anyway, that's enough on the volume. I think you guys get the picture Let's take a look at the next level of information. Okay, and let's take the candlestick off because it's not helping us Okay, all right, so that's the That's the volume. Okay, so now We see just historical best bid and offer and Traded volume. That's it. Okay, so we want to understand what's going on currently though in the market What about the current picture of the market? We have the historical view here. Okay, well, let's zoom in for your four minute Okay, we can quickly zoom and book map. You don't need to use these tools You can just use your center mouse wheel. It works really nicely and zooms in very very quickly Okay, so here we see the price ladder and Here this these columns here, right? There's some volume columns over here. That's showing volume profile various volume columns But the other two here are just current order book. Okay, one is a graphical representation of it here and and the other is Numeric values, okay, so we can see the numeric values here in the book This is the limit order book Right in in fact, I'm looking at the rhythmic here as I mentioned earlier rhythmic and CQG Offer unlimited depth for specific markets. Okay, rhythmic also offer offers it for CME Okay, so all of these levels are live Okay, if someone came a larger trader came in here and placed a hundred contracts up at 30 or 63 16 well, you would see it in in real time Okay, that is way far away from the the 10 On the bid and offer that most platforms offer. Okay, so anyway This is the limit order book. This is the auction. Okay, where traders are lined up to to deal Okay, this gives us a lot of insight to the depth of the market where traders want to bid and offer Okay, where they think it's a deal or You know where they think it's overpriced or underpriced So they won't trade in these areas and they won't like these traders up here. Okay, they're waiting up here They don't think it's a they don't want to be a seller until price comes up to this area around 63 11 and three quarters Okay, buyers are down here at 63 oh three Okay, so the problem here with this view though is that these numbers change And then we have no clue of what happened historically Okay, and that's where book map solves this issue because we take these numeric values and in this window here We have best bid and offer right here. Okay, and last traded volume is this number But we're gonna give the value here of the limit order book Graphically in the heat map. Okay, so let's turn on the heat map Okay, so here here at oh three. I mean sorry at 07 we see 64 contracts All right here at 10 and three quarters we see 75 76 contracts Okay, so and there's a bright white area. Okay, it's high highest liquidity here on the on the offer at the moment Okay, we've record this though. We take we've given it a graphical representation You can see the heat map changing here in real time as these as these numbers Reflect that change Okay But what where this gets really interesting is we take this data and then transpose it on the chart historically So now you have an understanding that these traders up here at oh nine They they started to show interest and then look out there adding and pulling liquidity here Okay, the grayscale goes dark. They're pulling. They're adding when it gets brighter Okay, seems like a pretty pretty simple concept it offers tremendous insight though To what's going on. Let's just zoom out here for a minute. Look at the look at the bid here All right, there's a lot of buying interest down here Okay It is pretty pretty deep in fact at 6301. There's a massive amount down here Okay, we see oh probably around four or five hundred contracts here Okay, this is the figure to right We have a 6300 even Okay, so what we may come down and test into this area and these guys may pull the majority of this liquidity But this is very bullish Okay, because previously they were down here at the figure Then as price came down they started to jump into the book wanting to get ahead of these traders to get into the market All right, so looks looks pretty good now We're gonna come down here and test these guys and we're gonna see if they stay in the book or not Okay, we're gonna we're gonna answer a question here. Is this real liquidity? Okay, do they have the intent to trade here or not? All right, and let me bring down the the dot size just really quickly here It's a little too big And we have a lot of volume trading today. Okay All right. Well, we came down into this area and look how look how they're starting to pull All right, some of this is trading in this area here at o3 Right, but then look at this guy here at o2 and a half or these players at o2 and a half. They're pulling Okay, so and then they're adding back in now as price goes away. Why would they do that? Right. Well, they don't really have the intent to trade but they're not they haven't really made up their mind They're they're they're back in the book Because they want to keep their their queue in the line And they'll decide when price comes down toward them if they want to be a buyer or not and That will we'll see that distinction between Kind of fake liquidity or the the intent not to trade versus the intent to trade Okay, what would be an example of intent to trade? Let's zoom into this area here Okay All right, we trade right into high liquidity here Right into it. Okay. Let's let's take a look at the numbers here Okay, here on the bid 164 contracts Well, here's our our flurry of trades that took place Okay, here's my over in my volume column here. I'm showing numeric value of 164 Wow, okay, so these guys Very sincerely and truly had the intent to trade And they did Okay, even more traded here All right, so we have we have a really good understanding Where this larger player he got filled here Okay Now to gain insight to this we have need we need to look at this contextually but What we do know and this is just factual information. There was a larger player here providing a hundred and sixty-five a hundred and sixty-four contracts and He traded Okay, he is filled at sixty three oh five Now as we zoom out and what does that mean? Okay? It just means that this transaction took place doesn't mean the market is going to bounce and you know go, you know Ballistics to the to the upside here. I mean we do see a turnaround. There's no question buyers start to step in here Okay But we do rotate lower Okay, well what we do know and what we're starting to read here Okay, it's just like volume profile starting to understand the volume the traded volume and where traders are actually Transacting okay, we're understanding that though here in the historical view of the order book Okay, so they traded here. They were here actually earlier and Now we see interests there. They're starting to come in here And now we're having we're getting context here in this area Okay, we know that there's a lot of buying interest. Okay, this is where the majority of the buyers are Okay, now we're seeing a shift in the order flow as well Okay, the transactions are good. I mean it tells us a lot of information here okay, but the The limit order book here is telling us equally Just as much information on potentially even more with the intent of the trade All right, so this is the kind of insight and transparency you're going to get Viewing book map and then come to the advanced order flow webinars to gain an understanding of how to put this context And understanding into your into your trading All right, so yeah give book map a free trial You get 14 days and then you get the education that comes along with it Anyway, I've got to jump to the next webinar Good training guys and we'll catch up with you tomorrow. Okay. Yeah, take care