 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures involved substantial risk of loss It's not suitable for all investors past performance is not indicative of future results for more information about bookmap go to bookmap.com And there is a free trial for 14 days and that will allow you access to a lot of other resources like the advanced order flow webinars which occur in about 28 minutes and a host of other resources as well the If you have any issues or questions, you can reach us at support at bookmap.com The Let me show you here The bookmap.com website here if you're a member Well, you know how to log in here just hit the member button The free webinars obviously, you know, you know how to sign up for that since you're here Explore, okay, so if you hit explore, there's these intro videos here for those of you who are new here And then you can scroll down here and let's let's go down a bit here You can go through some of the uses and benefits of bookmap And then we continue on some of our partners here And then we'll continue on and look at the connectivity. Okay, bookmap is not a data provider We're just a software platform We're a fully fully featured software platform But you will need to provide your own futures data. Okay, so these are the ways that we connect as you can see here We'll scroll down a little bit further. This is where you can find bookmap for For for the free trial or for purchase You get a 14-day trial with these two different versions here bookmap basic and the bookmap advanced Is really the same? It's all the same program. There's just different features. Okay bookmap basic advanced and quant The difference between the two Well, you can click down here to this link to compare and contrast the different features Okay, so let's do that And then you can see the different different versions here, okay? There's also a web version as well. Okay, and that's through trade of eight And then you can look at the difference this year and you can see what the quant version offers Compared to the advanced version or the advanced version here compared to the basic version here. Okay? so primarily is the ability to trade from the chart and All of these add-on indicators Okay, so that's what you get with the advanced version As well as a second a free license for replay mode only All right So that's the differences between the two here And and you can see the price differences and they are billed quarterly. So it's for three months each and let's see Let's move along go into The Twitter page here you can follow us on Twitter you get up-to-date information as you can see here And then we can go to our YouTube page and there's all sorts of videos that are featured here Okay, so let's just quickly go through it. There's an intro video here It's just a minute and nine seconds as you can see And then the features and components videos these are all playlists here So I can click on this actually and it will take me to the playlist and you get all of the Different videos that are in this playlist here It starts at the top here with the bookmap 6.0 overview and then the 5.0 overview Let's go back the order flow The order flow video snippets Next here. These are very concise videos just a few minutes long that go through Important order flow phenomenon that we see in bookmap. Okay, this is similar to the advanced analysis Webinars that I mentioned just some minutes ago. Okay, so there's two webinars This platform webinar is for you to ask any questions about the how the platform operates and what it's displaying The next webinar at 11 is for those that are in trial or current customers and there they are beyond that point They don't really have questions about the platform anymore. They have questions about order flow and We go into we just dive right in to the order flow and go through it in that webinar so These videos here are very concise Small videos that go through a lot of the phenomena that we see during the live webinars So if you want to feel for that you can watch some of these There's also some selected webinars down below here. Okay, so if you want a taste of what the live order flow Advanced analysis Webinars look like you can watch some of these here. You can see it's a month old or more a little more than a month old And then you can also see here our pro trader webinar series that we had just last week If you want to watch some of these professional traders using bookmap Okay right, so let's jump in here and take a look at bookmap and Get into some of the features and what book map is actually showing us here Okay, so let's so this let's choose a market what seems to be moving. We chose oil yesterday We saw some great moves in oil yesterday, and I'm still Interested in oil. So let's let's take a look at that. We're coming down to an interesting level here on the higher time frame Here is the oil market And let me zoom out. Okay, so now it looks like there's a lot going on here in the bookmap chart It looks very complex It's actually really simple Stuff that it's it's very objective Information here being displayed and it's a very true transparent and Objective view of the marketplace. So let me explain a little bit and I'm gonna I'm gonna take my time here and to do that And I'm just gonna strip away a lot of the data here Okay, and we're just gonna make it really simple to begin with Okay, we're gonna look at a five-minute candlestick chart Okay of oil so we're all accustomed to this view open high low close of a five-minute period now The problem with this here is that those are only four data points And we're making financial trading decisions based on four data points that are not giving us a lot of information here I have no idea where the volume took place. I do have a volume sub chart as you can see So I just know that there was volume down here. That's it I don't know where it took place on this candlestick or on these candlesticks moving to the upside I don't know what type of volume it was. I don't know what How much exactly where in that five-minute period? Okay, and there's also a Microstructures within this five-minute period that is just is completely a lost In the candlesticks. Okay, because it aggregates back and forth within that five-minute period So let's turn on historical best bid and offer only Okay, and we're already getting a lot more information here and just looking at some of the microstructures that are broken and and then we see moves Beyond those little structures and pullbacks to them like just small example right here. Okay, we're gonna probably see a lot of buying Lifting the offer Into this area here, and then you can see that we see one more nice push to the upside Well, we get a pullback where where exactly right to this little microstructure where they were buying previously Okay, so this is what the kind of detail that we're already seeing just by looking at historical best bid and offer Okay, the green line is the historical best bid and the red line is the best offer Okay, this is the current market window here And we'll get into the dome as well. Okay the depth of market over here this column But here's your current best bid and offer and this number here is your last traded volume Okay, so now we're getting we're starting to put on the layers of of depth here and understanding of what's going on with price Let's add the volume now Okay, so now we have a lot more detail and understanding of where traders are committed Exactly where they're committed. Okay, where on price in in at what price levels? How much and what type? Okay, so for example, look at this nice move to the downside. Okay, the majority of that volume that took place right here Okay, and we can see it and now this is a pie display here of the volume And it's just because so many transactions took place here that We we have to display it as a an overall Delta and you can see the majority of it Like two-thirds of it here is selling Okay, so let me get a click on the move tool I'm going to hover over this area and then I'm going to zoom in and you're going to note how I start to pull apart All of that activity here. Okay, and I can I can see the very small microstructural details here and I can see Exactly what traded on the historical best bid and offer Okay, and you can see here. We see a little bit of algorithmic activity in fact I can see this algo working the cell side here It's a hitting the bid here hitting again hitting again, and then it's activated over here as well okay, so Let me describe a little bit about the volume because we're looking at The aggressor classification of the volume. Okay, and what does that mean? So a Red dot here is an aggressive market sell order. Someone hit the market sell button Okay, they took liquidity off of the best bid It's considered aggressive because they were willing to pay the spread. They were not willing to wait all right and A green dot would be an aggressive market buy that takes place Well, we don't see too many here on the On the best offer and they take liquidity from the best offer This is truly how the market works. Okay back and forth all day long The liquidity providers providing limit orders and The liquidity takers are the market Participants with our market. They're aggressive market orders. Okay All right, so you can see that I can zoom in here To these extreme levels as I pull apart each trade Activity here and you can see that there are many trades within trades. We're down at microsecond level Okay, we're looking at millions of seconds. Okay, so you can see that book map has the power to Show and display every single market event Now we don't trade at these levels unless you're trading algorithmically Which is originally why book map was was developed to see the and understand the performance of Various automated automated strategies Okay, so now as I zoom out though note how these two trades individual trades will Just visually and graphically aggregate together Okay, and this will continue to happen as you'll see as I zoom out and it becomes a bigger Dot and it gives you the overall Delta if there's buying within that area as well Okay, so now we have a clear understanding of what took place here Here's where the initiated sellers came into the market right here at this area. Okay at 51 61 and they pulled the market down Okay, we get a small retest right to where we broke from a couple times But the buyers there's a little bit of buying here. No question. There's no buying here Okay, we see a little bit of exhaustion here and we see the move to the downside Okay, so now we're getting a lot more insight to exactly where these traders are committed and That's a problem that we don't We don't get that kind of transparency with this candlestick that all of that information is completely lost We're just looking at the sub chart of where the volume took place just In in general a very very generalized view of the volume Okay, so In fact as I zoom out here note how This the big Sell-off that we see here note how we pulled right back to it here Okay, this is something that we see again and again in the order flow This is where the selling initiated as we noted and we get a retest back to it and then we see continuation to the downside All right, so this is the kind of analysis that we go through in the advanced order flow webinars but Let me take a step back and we're just describing and showing what book map is displaying and defining the User interface here and what you're looking at Okay, so that's the traded volume There are many different ways to filter the volume as well in book map Let me let me know if you have any questions about that happy to answer them the Here's that same phenomena that we just covered okay, and I this is in the beginning of the webinar I spoke about this little micro structural area here and initiated buyers here pulling price up Look at the return Where did it return back to right where they initiated previously? Okay, this is one of the things that we look at during the live order flow analysis I'm anticipating buyers to support this at this area and indeed they did Okay, now we get one more test back down here and the buyers did not support it And in fact this became a kind of a critical area here at 5170 as you can see we we accepted down below it Okay All right. So anyway, that's the traded volume and the insights that it gives you It's very much like a footprint chart except there's a big distinction It's even giving you a lot more detail than a footprint chart because we're showing you the micro structures This this information is not aggregated. Okay, you can continue to zoom in and look at the little Micro structural areas and how price behaved and when the initiated buyers came in All right, so that's the advantage that you get there now Traded volume is excellent There is another side to the order flow and That is the intent of the traders and that we look at to understand that we look at the The dome the depth of market where the traders lined up to deal. Okay. It is an auction And we see that here in the book map COB column, which is the current order book Okay, and We can see the traders lined up to deal at these specific areas. Okay. Now with these numbers are changing all day long and the liquidity provided here, maybe the seller or the buyer down here on the bid this side here They don't they don't want to participate any longer and they'll pull the liquidity Or maybe they really want to buy and they start adding liquidity here And then they they're actually adding at higher areas It gives you insight to the intent of the traders Okay, now we also see fake liquidity all the time Okay, but we can discern and make a distinction between those that have the intent and those that do not and we can get more into that but What really matters is when price approaches them do they pull or are they adding a Chasing one wanting to get into the market Okay, so now the problem with the dome here, although it's great for the current market condition When these numbers change Then we have no clue what it was before unless you memorize it Okay, that's gonna be pretty hard to do over a long period of time Okay, now book map will solve that problem by showing you the historical limit order book so we take this data here in the dome and We turn it into a heat map Okay Let me show you Okay, so it's in this window here with the with the The best bid and offer currently in the market with the two dash lines here Okay, and then you can see the heat map here Okay, this is a graphical representation of the liquidity in the book Okay, so we see immediately high liquidity here at 51 60 on the bid and then up here at a 51 78 with 189 contracts on the offer Okay, and we're kind of channeling between that area right now Okay, now if I zoom in a little bit, you're gonna see the heat map change a bit and note the change Here in this window with it with the heat map In the the grayscale. Okay the reflection of these numbers when these numbers change you'll see the heat map change Okay, so it's just graphically representing the the dome where this gets interesting is we take this data here And then we project it on to the chart historically Okay, so now I have a really good understanding where they want to buy Okay, and in fact I'm seeing some a lot of buying interest underneath here being very aggressive Right underneath price and they're skewing the market and pressing price up into this high liquidity that is waiting here so we're gonna probably come up and test now 78 and Maybe we can even get up to 51 90 and maybe the figure 52 Okay, so we can start to understand engage The auction. Okay, where are they lined up and what is their intent by their behavior? Okay, and we get a feel for that Okay, think of these areas here just like an auction and these traders up here They want to sell so far it looks like they want to sell they're waiting up here and What about the areas around it? Are they are they starting to chase after it? Do they want to sell? At lower levels, but that would be kind of bearish behavior And we're seeing a little bit of that we can see it here as price came up toward it And they added at a lower level Okay, but we've got a nice little battle going on here as the buyers are pressing price up underneath as well Okay, and they're pulling though at the last minute So do they really have the intent to trade here in some of these areas? This is shorter term liquidity It's high liquidity because of it. It's bright white areas, but they're only in the market for a very brief period Okay, so as soon as You know the market moves or maybe comes toward them. They'll pull it doesn't really show their intent To to to trade okay like in this little area here. Let's just zoom in a little bit more Look how price came down here and they pulled price went away They added back in and then they pulled again and pulled again, etc Okay, they're trying it looks to me like they're skewing this auction Pressing price up into this longer term liquidity that is waiting up here at 78 All right So there's all sorts of ways that we read this liquidity and make that distinction between the longer term and shorter term liquidity But skewing the auction will repel price. It's something new The other areas where longer term liquidity is resting is like a Magnet, it's a target for For price it knows that the market knows it can trade there Okay, so price is attracted to those areas because the market needs liquidity to trade All right Robert yeah, these these are recorded I can show you where they are okay So here we are now we're testing into that higher liquidity that we identified earlier at 78 We're right in it and let's let's watch this Take place here. Okay, so note how we started to trade into it and they actually started to pull Okay, this is we're probably gonna see a phenomenon here that we we see all the time That is called a flip of the book They were here on the offer and they see if they flip to the to the bid And and then maybe we will accept above the 78 level Okay Actually that that did not play out So we actually rejected at this point. We've rejected that breakout here We're right back into the into the range. Okay But it was looking pretty good here. I saw these guys on the bid here and then they then they pulled Okay, look at the look at them put press down here Now this has got to be the same individual actor here high liquidity skewing the auction high liquidity They that once they pull they add it one tick below and then they pull again one tick below See note how this had an effect on price and Note how they were hitting the bid at the same time Okay Combine those two together now up here. These guys that bought this breakout. They're gonna be trapped It's gonna be trapped volume. Where are they gonna cover? Probably down here You know around this 51 70 area 72 And maybe even further. Okay, maybe we'll come down to 51 65 Okay, and why do I pick that area? Because that's where there's liquidity. Okay, we can see it Okay All right, so here they are at 70. Okay, I Was looking actually at 72, but they're at 70. Okay, and let's see if they Really have that intent to trade or not Okay, so far so good. I mean, you know, they're you know, they're they're they were staying here Okay, they started to pull a little bit here, but they were they were interested in buying here Hey You can see some of the algorithmic activity here Starting to chase Okay Okay, let's see if we get one more rotation back up here. Maybe we'll get our flip of the book as well Okay, any questions? So in general What we're what we're really looking at here Is a very very objective view now the candlestick to be honest is more complex than everything else that you're looking at here Because you have to understand the concept of that candle and exactly what it is displaying and there's a lot of lot of different ways of reading those and Instead what you're getting here? with book map is a Very transparent objective view of what is taking place and what took place Exactly what took place? Okay, so where the volume took place on the historical best bid and offer And then where they were lined up to bid and offer and that's basically it Okay, and so Now we can start to look at some of these areas and start to really understand the auction Because we can read the behavior of these guys in the auction. It's it's like showing up to an auction and knowing if there's a big Player who is is really interested in buying with size and he you know, he sticks out like a sore thumb Well, that's kind of what we're looking at here in book map Okay, and then we can also see where the traders are committed. Okay now It's important and we emphasize this in the advanced webinars To understand this in context. Okay. It is a dynamic market There are all sorts of players There's all sorts of things going on here. This is not some sort of binary mathematical equation Okay, we want to read very much like market profile or volume profile. We are reading the majority of the traders Not only where they're committed in their trades by the volume Okay, but we're also understanding the majority of the participants on the offer and the bid To understand the the entire auction here. Okay All right guys, we'll let's see for those of you in the in trial, I'll see you over in the Advanced analysis webinar. If you guys have any questions, let me know you can reach out at support at bookmap.com and Happy to Assist or answer any questions that you have Okay All right guys. Yeah, thanks, and we will catch up with you tomorrow. Okay. Take care