 Welcome to the book map platform details webinar. This is Bruce at book map 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 For more information go to book map comm There's a free trial for 14 days, and this will give you access to book map You can get the book map basic or advanced. I'll show you that in just a minute As well as access to our other resources, which includes the advanced order flow webinar that begins in about 28 minutes Okay, so this this webinar here we go through the details in the platform What book map is showing you the basics and then? Which is important and ask questions about what what you see here And then we'll get into the a little bit of the order flow at the end of the webinar here All right, and then You can always reach out to us at support at book map calm So that free trial includes that advanced webinar as well as some other resources. Okay. There's a trader education course And some documents as well Okay Let's see here. Let's go to book map calm and scroll up to the top here So we'll click on explore. There's some intro videos here for those of you who are new And I see some new faces in the room. So welcome to to book map here These are very short and they're they're concise They just go through the basics of what book map is showing you can find out more about what book map is its uses Usages the platform the benefits Our partners here. There's a data feed here available for book map for equities through dev experts And it's a very powerful data feed. You can find out more about it here and if you have any questions about some of the Equities, let me know. I have some equities loaded and we can take a look at some of them Connectivity okay, so book map is a software platform just like any other platform You will need a data feed or data provider or broker To connect book map to the live markets and this is how you can connect book map Okay, with one of these data feeds or brokers or through the API for example through Ninja trader or interactive brokers or TT X-Trader Pro Okay, so pricing here is the 14-day free trial for book map basic and advanced So there's one version of book map. It's book map basic. It's 49 per month is billed quarterly So every three months you build 150 bucks Now you get the 14-day trial period here You can go for the advanced version is 99 per month and the difference here are the add-ons We have the ability to trade right from the book map chart And then we also have these proprietary indicators that we developed that are specifically designed to understand the position of larger players where they might be providing liquidity Order book and volume and balances as well as an iceberg detector And a correlation tracker. There's some other details as well For those of you who are quants and want to learn more you can click here and reach out to us Okay Let's see What else? Social media you can follow us here on Twitter at book map underscore pro And then here is our YouTube page and you could subscribe to us here at YouTube If you're new I would recommend going through some of the intro videos that you see here and then features and components Go through some of the features features and components videos here to understand what book map is And how to use it and then some of these order flow video snippets here These go through very concisely order flow phenomena that we uncover in the live Webinars the advanced order flow analysis. Okay, so these are just it's kind of a quick way to understand some of the phenomena In in book map and then we go through it in detail in the live webinars Okay All right, let's jump in here and take a look at book map. We'll take a look at the Nasdaq and All right for a lot of you you're going to look at this chart and It may look very foreign. Okay. It's actually really simple We're showing you basically three different data types now. I'll close this Subchart indicator panel that we have here Which is just showing the cumulative volume delta Okay with lots of different settings for that we'll just close that up though and Just go through the data that you see here. Okay, and just understand the basics in book map All right, we're really showing you if I zoom in here just three different things We're showing you the historical best bid and offer We're showing you the volume and that took place on the best bid and offer with these dots Okay, that's traded volume and then we're showing you this heat map here Which is the limit order book It's where people are offering up here and where they're bidding down here Okay, now that you usually see in the dome as you can see over here the current order book This is the dome here in book map. This is Liquidity at these specific price levels limit orders people providing liquidity. Okay now we just take that this data here turn it into a heat map and then we project it on the chart historically so it's actually a really simple stuff now Let's go through the demo here, and we're going to just turn on some candlesticks. We're going to turn off the volume And we're going to turn off historical best bid and offer as well as the heat map Okay, and the indicators as well and I need to turn off the new feature that we have on the candlesticks here that gives the V-wap here. Okay So just make it really simple And let's zoom out. Okay. This is a five-minute candlestick chart And we are all accustomed to Understanding the candlestick charts so open high-low close of a five-minute period And you can start to read some of the pressure with the wicks and the color of the body and the length of the candle and the body and What's going on here? In price it gives you a you know some some insight however there Are is so much more data here that we're not seeing that is a very very opaque for example We have no idea Where the volume traded on this candlestick chart now we do have a volume sub chart here However, it's not showing you where it took place on the candle. Okay. That's important data We want that insight we want that transparency because it's going to allow us to make much more informed and precise trading Decisions so There's another thing that the candlestick chart is just is completely lacking here And that's the ability to show Microstructure okay because it's aggregating this data for five minutes is going back and forth in this candle And then that time period is over and a new one starts so I'm going to turn on the historical best bid and offer All right, and let's zoom into this low here, and I'll show you what I mean Okay Actually actually a candlestick charts not doing such a bad job today Maybe maybe this would be the best example of some of the microstructure that you see In book map that you don't really see in the candle whatsoever. Okay, so this is the breakdown here 930 930 we you can see the pre-market. We went sideways for a bit kind of broke down here Went sideways for a bit and then broke down again. Okay. Now. It's this microstructure here That gives us a lot of insight in book map. This is the historical best bid and offer. That's it. That's all it is So the red line is the historical best offer the green is the historical best bid And you can see that we went sideways for a bit. In fact, we auctioned down below Here and came right back up into the range and then failed again Okay, and in this auction down below was successful and you can see that price trended lower Okay, all of that kind of data here We have no insight looking at the candlestick. In fact Look how we broke down came back up and tested into just where we broke from right here in The microstructure we don't see that at all here in the candlestick. We just see a couple of Red candles and some wicks Okay, so now Let's turn on the volume and get some transparency to understand where the transactions are taking place So for example look at all the transactions that took place here. This is really insightful We understand that there was a lot of selling down here. It's also a lot of buying is it's on both sides here So we kind of went sideways for a bit And then you can see this rejection down here I came back up and We went right back down and look how the selling took took some charge here. Okay, we see them larger Dot here selling and it's a taking place down below the swing and And it's accepting. All right, so you can see that We continue on down and and this is very indicative of a trend in the order flow is we can see large volume trading at lower lows Okay, and the swings and the returns back up into The of these pullbacks here and we see very little volume trading compared to these other areas where the swing low is Okay, so lower lows lower highs on the lower high pullbacks here. We see less volume Okay, so already I mean that's already lacking on the candlestick chart and already we can see there's Possible trading strategies based here Okay, so looking for a pullback looking for low volume looking for price discovery to the downside To trade where it can trade. Okay, and then further as well Right because there was a lot of transactions down here. It's there's not a lot of transactions here It's rotating lower to find those transactions All right, so that's the volume and Let me zoom into an area here and I'll show you exactly what occurred in some of these areas so I'm in fact We can see a reversal here in the in the structure And you can see the the aggressive the aggressive volume take place here. So let's zoom into this area And I'm going to show you exactly what book map is displaying. Okay, so On the historical best bid and offer here you can see all these dots. Okay. These dots are our trades They're transactions. All right So historical best offers the red line and you see this green dot This is a market buy someone hit the market buy button and the transaction took place on the best offer They crossed the spread they took liquidity off of the best offer. That's why we consider this aggressive volume Classification they paid up the spread and they took liquidity. They didn't provide liquidity They didn't wait at a specific price level. They were more aggressive And then the red dot is an aggressive market sell and now all of these different dots and you can see all the different transactions If you want the data, you can use the data tip tool here We can hover over these areas and you can see this was The date here the time What was on the ask or the liquidity that was on the ask here and the volume? This was for volume of one Okay, this one down here is for a volume of one on the sell side All right So we can see exactly What transpired here now we can zoom into these areas here and continue to zoom in Down to Microsecond and even nanosecond levels Okay, now we don't trade at these levels. Okay, but we can we have every single Market event from your data provider Okay, and it's all recorded here But note how as I start to all start to zoom out here and I start to compress the timeline together That we're gonna get an aggregate view here And so we're giving you all the data Every single event, but then when we zoom out we're giving you the overall aggregate Just visually or graphically so I can see this big dot here and you can see that it's a pie chart It has buying and selling in it. Okay, this is for volume of 201 contracts And the majority of it about three-quarters of it Is aggressive buying? All right, and that's what's pulling the market up out of these areas All right, so that's the the volume what it's showing you and the Yes, and you know some insight into some of the volume here Okay, so we broke out of this range right here. Okay, look at this selling down below and And then we see that we kind of went sideways for a bit here And then we broke above the swing here and we see more volume and look at the green Okay, so a lot of buying up here Okay, and it's accepting up here Right above all of this Volume down below in this range. Okay, we're in a new trading range and You can all of this kind of transparency here is something that you can see in bookmark very clearly But you'd be a pretty hard-pressed to be able to see that in a Candlestick chart. Okay, you may even depends on the on the time frame, but seeing some of this microstructural stuff and understanding the transactions that took place On the microstructure is also giving you more insight than a footprint chart would because a footprint chart also Aggregates the data it'll sit there on maybe a five-minute candle or maybe it's a bar range Where finally it will go into a new bar when a new range is broken and That But all of that data on that bar is going to be aggregated so you don't see the microstructure You don't see these small little breaks and understanding of what occurred and where the volume traded right immediately after that So that's the advantage that you get at book map Just by seeing that historical best bid and offer It allows you to see that microstructure Okay. All right, so that's just the volume and the microstructure here and the The next thing that we want to be aware of When we're when we're trading is understanding the The transactions is good, but we want to also understand The limit order book where are they bidding and offering in this market? All right? It's an important part of the order flow now We usually access that by looking at the dome. Okay, the COB column right here current order book This is your dome in book map Okay, we can see all of the Traders lined up here. These are contracts at these specific price levels in the Nasdaq e-mini Okay, these are traders lined up. They want to be sellers here on the offer Okay, they want to be buyers down here on the bid Okay, and we can start to look at large areas and We can see 90 contracts right here. All right 87 contracts or 97 up here Okay, so we want to understand where the majority of the traders are it gives us insight to where price might move or be repelled from Right now the problem with the dome is that once this data changes here that the information is is It's lost. It's not recorded so you'd have to remember it you have to write it down and remember it in your head that At 78 there were 90 contracts and there are no more At this point now at 61. Okay, so they pulled they pulled liquidity so the way book map solves this issue is We Record it in the heat map Okay, so you can see here that Areas of high liquidity in the heat map are painted bright white Okay, so now we know exactly where they where they are with the high liquidity. Okay, and a little bit darker shades there's less liquidity Okay, and so now in this window here, this is the current market window with best bid and offer and last traded volume We can see You know them pride providing liquidity when these numbers change here the liquidity heat map will change now Where this gets interesting is that we project all of this historically on the chart Okay, so you can see here that you can see how they're flashing like it's getting brighter And then darker and then brighter. Well, that's they're they're adding and pulling liquidity at this 78 and a half level Let's zoom in there. Okay, and we can we can see all of this recorded on the historical chart Okay, this these striations that we see at this price level is the adding and pulling of liquidity Okay, so now on a bigger picture. We can start to understand their intent to trade at some of these levels Okay, look how this trader here is probably the same guy He was adding and pulling but now he's adding up at a higher level So he's not he doesn't want to be a seller here He wants to be a seller here now a point higher at 79 and a half He's also now pulling here coming up to this 80 and a half or maybe to 81 Okay, so now we can start to read the intent of these players in the auction And we can see that no, they don't really have the intent to trade here. They don't want to trade Okay, they want to they want to trade on the offer up at higher levels, and that's pretty bullish showing a bullish activity Okay, and you can see the buyers are You know the aggressive buyers here. We see the green dots pulling price up probably gonna come up here and test this 81 area And why do I say that? Well, it's because that's where the liquidity is a Market needs liquidity to trade and we have that insight now Okay, now we can see if these guys really mean business up here as well, but we'll have to wait until we get up here all right, so Anyway That's what the heat map is showing you it's the advantage that you can see historically and we can Really see it when we start to zoom out Okay, and you get a feel for the overall picture of the liquidity in the The bit the zoomed out view here. Okay, so here they are down at 75 providing high liquidity and here They are up at 81 providing high liquidity Okay, any questions? All right. Well, I also want to show you something here this is a data feed with rhythmic and You can see here that if you look at your dome You probably you may have Ten levels on the offer and then ten on the bid Well, this this data feed here with rhythmic is offering complete depth of market So these areas up here or if I if I zoom vertically a little bit these areas down here This is all live. This is entire depth of market Okay, this is a this is a real distinct advantage Okay, we can see where players are starting to provide liquidity look at them them coming in up at these levels between 82 and 83 all right and Even bigger picture It's this works out really nicely Here you can see they're providing high liquidity before the 930 open right here. Okay. Here's our 930 open We see high liquidity up here Okay, we see them getting very aggressive Chasing price here and pressing down on Price in some of these levels here with pretty high liquidity All right, and we can see that these these traders down here. They're just waiting They've been waiting since or before 930 and we can see that they got filled down in these areas Okay, we can zoom into that area and we can see exactly or precisely what happened Okay, actually a lot of them pulled Okay, and we can see that but we can see that they they're getting filled in some of these lower areas here And I'm also starting to suspect that they're pulling high liquidity here getting out of line But they're gonna get filled down below here with maybe iceberg orders Okay, it's a trick that a lot of the larger larger players use all the time Okay, and we can turn on indicators and look at the iceberg detector here These dots are a little big so let's let's turn those down a bit Okay Okay, actually I'm kind of surprised we we really don't see a lot of a lot of icebergs down here Okay, so that's kind of funny but See a little more down here in some of these areas and and also here but 50 50 contracts traded that weren't in the book Okay, a little higher a little higher area kind of interesting to see that Anyway, usually we'll we'll notice that if you see large liquidity like this and then large transactions after this liquidity is pulled Start to look for icebergs down in these areas here They're they're absorbing price without showing their liquidity in the limit order book Okay, that's some of the advanced features that we go through in the The order flow the live advanced order flow webinars that start in about four minutes or so, okay, so Let's let's wrap it up and we'll see you in the next webinar if you guys are in current trial Or are in our current customer at book map. Okay For those of you who who are current customers and you're in here Ask questions ask questions about some of the new features in book map. There's some new videos that we have I'll let you guys know in the next webinar, but You know, this is your time to ask questions about the platform and about the software and what it's showing. Okay All right guys. All right. Take care and we'll we'll see you tomorrow