 All right, welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading futures equities and digital currencies involves substantial risk of loss And it's not suitable for all investors past performance is not necessarily indicative of future results If you're new here to bookmap, you can find more information at bookmap.com and note that when you Purchase the product it comes along with education. Okay, there's an educational course it's four parts and It goes through just the very basics of bookmap and then on up Not not so much about actually the program itself, but much more about how to use it how to identify a very specific behavior that is is really challenging to view using other software So as the advantage that you're going to get The educational course continues on it gets more advanced in that fourth part And then every day we have the advanced order flow webinar series. Okay, so during those webinars and they start in about 27 minutes or so every day after this webinar And we look at the live market and we go through the same content That is covered in the educational course. So we You know kind of talk the talk in the educational course and then walk the walk in the Live markets and see it right there in front of you. Okay All right Let's jump in to the website here and take a look So if you're not familiar with bookmap.com just scroll down here There's an intro video here information about bookmap a bit further down you'll see one of the connectivity measures that we have here or Offers that we have here for a NASDAQ total view. So all US equities. It's a great Data feed a bit further down connectivity, okay, so this is important because bookmap is a visualization software trading platform Okay, you'll see some other platforms in here as well like Ninja Trader Interactive Brokers Traders workstation in TT X Trader Pro Okay, we connect via the API of these three platforms But we are a platform just like they are so you can you can connect directly and we recommend that it is better To connect directly through One of these supported data feeds CQG rhythmic gain IQ feed transact or dev experts for that NASDAQ total view All right a bit further down here the different packages available so you can Subscribe monthly or yearly and you get the discount here There's a free version. It is limited. You own no credit card required or anything What you get though is only access to one digital currency Okay, that's it and the connectivity is through G DAX and it's free as well. So it's real time You get the you know full version of bookmap here. It's not the with without the add-on indicators and you You the one-click trading is here also, but it's only in simulation. Okay, not in the live market You only get basic education and you also get just limited support. Okay Digital plus here is for all digital currencies through the G DAX exchange. You get up to 20 Digital currencies And you get the advanced education you get fold up the market, you know You can you can use the one-click trading and click and trade right from the chart in bookmap So that's what you get here global is the Everything in digital, but you also get support for Futures and us equities data feeds. Okay, we don't provide the data, but we you have this the ability to connect And you can see that's $49 per month that too comes with the advanced education and full support and the global plus what you get is everything in global, but you also get the Add-on indicators. Okay, so the ability to trade from the chart And these proprietary indicators we put together that start to identify larger players out there in the in the market. Okay, so it's a very specific Proprietary indicators for order flow. Okay, or understanding bigger players, okay, like the iceberg detector and the Large lot tracker here. So we're looking for not only like imbalances in the book But looking at specific players Okay All right, follow us on Twitter here. You'll see all sorts of good stuff. Here's one from futures trader 71 a bookmap user And click and see what he's looking at. We can go over this strategy here that he's talking about nice Follow through through pretty high liquidity retest And you can see they kind of flip to the other side here And there's a liquidity on the other side and it kind of exhausts out here as well And you get that continuation to the downside really nice strategy but And we'll take a look at that probably maybe today in the advanced order flow webinar. All right So that's a Twitter you can also subscribe to our YouTube channel All sorts of videos here. So if you're new and you and you do that free version This is the limit of support that you get. Okay, so the our education Hey, it would be here on the YouTube page intro videos are here. There's a playlist for features and components And then these order flow video snippets. Okay going through very specific things in the Order flow that book map can visualize and this is where you're gonna you're gonna get your advantage Okay, these concepts here in these two to three minute videos. We go over in detail in that advanced order flow webinar All right, well, let's take a look at book map We're gonna look at the ES because things are moving pretty nicely these days now And and here we go. Okay, so what is it? We're looking at here in book map. All right, so For those of you new here and I see a few new new traders here in the in the room So welcome and Just go through it Rather quickly because there's some other things I want to get to today Let's close up the CBD indicator sub-panel And then let's take a look here at book map. Okay, so There's basically just three elements on this chart Okay, there's historical best bid and offer the volume dots This is the volume that traded on that historical best bid and offer and then you can see this liquidity heat map Okay, the colored heat map here. Okay, what that is is a Recording of the of the dome. Okay, so it's just not a recording of price and volume It's a recording of the total depth of market Okay, so when you see this like really high liquidity here around this 65 and a quarter area Well, you can see it's it's blue here. Okay, well, it's high liquidity And it's recorded here in this window here and then projected onto the chart and here's that recording. That's what it looks like Okay, so we're gaining all sorts of information here just with these three elements Okay, starting to understand where larger players are positioned down here And you can see that they're staying in the book and it looks like they're absorbing all of this selling pressure into them Okay, and and and they absorbed yet again down here a little bit lower Okay, and they're also down here. Okay at around 57 and a quarter Okay, well, that's going to start to absorb the selling pressure and buyers are going to step in on the other side These guys are long down here. These larger players with their limit orders Hey, all sorts of information and just really really good insight here Just with these three elements so Let's Let's take a look at a candlestick chart so you can get reference to what I'm talking about and let's take away all the rest of the those those three items those that three data Items there and just look at this candlestick chart. Okay, so five minute candlestick chart There's only four data points per candlestick Open high low and close. That's it Okay, and that's the problem Okay candlesticks are pretty ingenious And you can start to read the wicks and the bodies etc But it's just too opaque We demand today more insight and clarity To understand what's going on and it's just not here in this chart Okay, so for example, what happened within this candlestick? Okay, what happened over here? Okay, was it buying pressure was it selling pressure? I mean this looks like it could be you know either or we're not really sure And we're gonna look at this area here and you know, you would think well. Yeah, I should be I should be buying down here, right? Or I you know Maybe if we can get up just a little bit above that candle you'd be you'd be a buyer, right? Well, you know, we're gonna we're gonna find out that no there's gonna be selling pressure on here And it's probably just to retest back to this area and then continuation All right, so We want to understand what's going on within this candle. Okay, and then we have no clue here We don't know where that volume traded We don't know about little microstructure areas that I'm talking about like the breakdown and retest. It's not in here All right So let's turn on that microstructure and that's just very simply here. It is beautiful it very simply displayed with the Historical best bid and offer and that's it. Okay, because it records everything It's just the best bid and offer very very simple Simpler in concept than a candlestick. Okay, there's no aggregation of data here. It's just the market scrolling by It's like a horizontal tape And we're gonna read it like a like a tape So Now we want to answer that next question. All right, here's so here's our breakdown See see how we broke down below. Here's some structure here We broke down below it and we came back up and retested where we broke from and then we see that continuation Okay, that's what happened within this five-minute period Okay, and it's it's it's really not helpful by just looking at this at this candle here and understanding what what really occurred All right, so a point made with the microstructure now. What about the volume? Okay? Well, who's in control here within this five-minute period? Okay. Well sellers are gonna be in control All right, we're gonna see that they're gonna they're gonna be hitting the bid here pretty hard We may see some volume up here on the on the buy side But then we're gonna see sellers again start to hit the bid and take control here. All right, so let's turn on that volume and Let's see if we get the insight here Okay, and let's zoom in here All right Okay, so here's our five-minute period. Okay, and let's bring up the volume dot size Okay, actually a little bit on both sides here you know, so We if I zoom in a little bit more here, we're gonna see a little bit more clarity Okay Actually kind of surprised here I mean we do see the selling coming in here as you can see the red dots pulling that market down There's actually quite a bit of buying and they they mount an attempt here to You know lift the the offer they just can't make it up above this swing though Okay, and then that's where the sellers start to come in on the other side and you can see them. All right and starting to Hit the bid nice cluster of selling down here. Okay? nice cluster and And that's why we get this kind of retest in these areas here as well due to Noticing all of the selling pressure and Now the So that's what we're looking at in terms of two just two elements on that on this chart so far Okay, historical best bid and offer and and volume. Okay, so let's zoom in and just show you exactly what I mean here Okay Right. So here is our historical best bid and offer best offers the red line best bid is the green line This is one tick wide right here. Okay? And S&P's pretty amazing market. It's basically almost always one tick wide and Let's zoom in a little bit more Okay, so now you can see these dots here. These are transactions. Let's bring it up a little bit These are transactions on that historical offer Okay, we can we can know know exactly what traded here. Okay volume of 10 here. We get the date the time And what was the liquidity here on the ask at this price level and then the volume it traded here? Okay, here. I just get what was on the ask You know, so you only get four Well, no, you do get four lines of text here But if I if I hover over this then I also get that volume Okay So Now there's more volume that actually traded Within that one dot there and we're going to see everything here Let's go back to the bigger one because we're just gonna be more trades within there and there we go Okay, now look at the timeline down here. Okay, we're looking at Milliseconds, okay, these are millions of seconds I'm sorry. We're looking at microseconds and these are millions of seconds and We can we can continue on and you know, we can go into nanosecond levels, right? I'll spare you you guys get the idea, but we're I just want to demonstrate the power of Bookmap here. We're recording every single market event And then it's being plotted here. So there is no aggregation. It's just the market And and how it really it truly unfolded here. It's like a footprint chart is going to aggregate this Okay, and you won't be able to understand all that detail now. We don't trade at those levels, right? So look how bookmap will take that volume and then put it into a bigger dot Okay, so this is aggregated now Right, so volume of 10 overall. Okay, but we're every single event is still there All right when I zoom in Because and why is that because we don't trade at those levels and we just we need to know the overall What occurred at these areas here and then you'll start to see as I zoom out more and Compress that timeline together. You'll see this pie display start to show up Okay, and what this pie display is showing is The overall okay, because there's so many transactions here. There's 46 volume of 46, but there could be a minimum at 46 Events trade events. Okay And there was buying and selling and it happens so quickly here Okay, so if we zoom in I start to pull it apart Okay, and we see exactly what traded here, but as they zoom out Okay, because we want that aggregate view and we want to understand that within Context of this microstructure and we can see who won the battle here. There's more buying Okay, there's about three quarters more buying and then there's about one quarter selling So we have that kind of insight here. We can see that up at this little microstructural area This is actually one of the things we look for Is the buyers to start to step in up at this area and lift the offer and that's exactly what they did here Okay, there was more buying pressure in this little area right there Okay, so those are just two elements that we're showing here Right now let's zoom out and let's get this third element onto the chart because this is where you're really going to get a lot of insight Let's bring this dot size down Okay Okay, so we noted that The large selling transactions down here Okay, down in this area here All right Yeah, it's in it is it is fantastic. I mean it's just amazing what? to really Take a look in Inside what's really going on in these markets and to be honest so that everyone knows you know why we why we display things this way and I This came about well, it's from our history. I mean actually This software well Basically that the team was developing algorithms, okay for for trading and We we needed to develop our own software and basically quants develop their own Visualization tools because they need to test and know and understand Exactly how their algorithms are behaving and that's where this this software came from. Okay, that's why we record such, you know Small, you know low low time frames because we needed to know the details of exactly what unfolded and and that's why it looks this way as well, so That third element, okay, we're you know, we can see this cluster here, and then we see this rebound Well, that doesn't make too much sense, right? I mean, why would there be all this aggressive selling and then you see a really nice rebound here? Okay, that's that third element. We're gonna see and we're gonna see a cluster of limit orders here Most of us never see this The closest that we would see it would be in the dome Okay, we would see that there's liquidity here in the dome on the on the on the bid compared to the offer and And you can see that we're as we're driving lower here I mean, this is where traders are lined up in the dome to trade They're providing the quity here on the offer and then below current prices on the bid they want to be buyers down here okay, so Even a footprint chart, I mean it's not displaying. It's just displaying and and aggregating. It's not only is it Not displaying the limit orders It's it's aggregating that data within a rotation bar or a candlestick or a time or whatever And you don't get to see the microstructure So it that that footprint chart and I like footprint charts quite a bit, but for those two reasons This is superior Because we're getting so much more insight We're gonna see that we traded right into lots of Limit orders down here. Okay, and we'll just turn this on Okay, and there we go. Okay, so actually it occurred over here and then there were some down here as well Okay, and let's take the candlestick off Okay, and here's that absorption okay into this area here a little bit more And then and then we see the nice rebound here. Okay, here. They are again down here it looks like they kind of just gonna be probably a combination of absorption and Pulling but this was key to understand let's zoom in here Okay, and then this is really what unfolded. Okay high levels of liquidity and and and the market is trading right into them Okay, and we can we can see what what traded down here over a 1300 contracts traded here at 61 All right. Okay, so we're getting very objective view of What occurred in the market with these three elements? Okay, that historical best bid and offer the volume and the Limit orders. Okay, so let's let me let me go to the current market and I want to show you how this is working All right So that we really get it get an understanding here of the heat map. Okay, so to the right of this white line What we're looking at here is the best bid and offer Okay, and then we see this heat map. Okay, this heat map is is just like the dome over here Okay, the current order book. This is our dome depth of market You can see the price ladder here, of course And then here's your best bid and offer All right, so these levels here you look at the numbers Okay, and you can see down here while there's 800 contracts is by far the biggest in the book Okay, it's at this half figure of 2650 as well. So there's no surprise there All right so That that's we just take the numbers here And they're painted in the heat map. Okay, look at a little bit of spoofing here trying to get it down into this 2650 looks like And skewing that auction. Okay, we're just witnessing that right now Okay, great stuff to see And or you know, maybe this guy really really does want to be a seller here And he's waiting for Market to maybe pull back and and get involved in the market here Well, we'll see it's when the market comes up here and tests him But to me it looked more like a little bit of a push or nudge to get it below this 2650 And into higher areas of liquidity. We're probably gonna see some Iceberg orders down here. This is our iceberg detector Okay, yeah, here's 157 And not as many as I thought In some of these areas here. All right, well, that's fine Let's take that back off for now. I Yeah, they're getting being really aggressive on the on the offer. Look at this new Phenomenon just showing up here now. Okay, very very aggressive so We take the numbers we Paint it in this window here and you'll see that when the numbers change the heat map changes Now that's what the change looks like here when it's plotted on to the chart historically Okay, so for for example in this little area here We can see them Adding some liquidity in and it gets blue becomes blue. It gets lighter blue So there's more liquidity. It started with about 500 or 462 Went up to about 550 Okay, 575 then here at 639 or 35 You get the idea. Okay, so That's what we're looking at here. Okay, and we're able to gain a lot of insight By by looking at this data. Okay. In fact, what we're starting to see here is You know, I was calling this a spoof here that it could be need to kind of take a look at some bigger picture stuff here, but Potentially a flip of the book that you know Larger traders are coming in and saying, you know We believe that anything that comes up to 2650 is a deal and they're willing to let's see if they stay in the book Here or not. Okay, and they're willing to grab as much as they can Okay, now here's our answer Okay looks like this guy is He's he's kind of staying in the book It's kind of trading but look up look up above here 51. He pulled so and this guy pulled as well So this looks more like a spoof now to me. Okay, because we're and we can determine this. This is fake liquidity Okay, this isn't fake here. I mean we're seeing that it's transacting into this area here Some of it is polling though too. Okay, but look at this guy. So High high liquidity and polls up here as well. They don't have the intent to trade They had the intent to press the market into these lower areas And let's see if our iceberg order says something now You know and see some some large icebergs in some of these areas Not as many as I I was Assuming there Okay Now now that these guys are gonna pull their liquidity You know the market The buyers are starting to step in on the other side here Okay, and if the if the buyers if they want to I mean you can see they're lifting the offer here Okay, so We're looking for targets on that and I'm not really seeing much here. Maybe up at this 55. They'll start to come back in But the higher liquidity is down here at 45 Okay All right guys Well some interesting stuff to see this little kind of flush through this 2650 area here and Look at the buyers starting to step in on the other side. Okay, can you see the order flow? Can you see how clearly like that? You know, they're they're buying here. Okay at a higher area Okay, we need to get up above actually 54 and see a little more significant volume trade up here and You know, we'd be looking for You know to see how it behaves up here if it returns back into the range or not but that's the potential of This this being a reversal. Okay has that potential Okay, because there's a lot of buying here. We just need to see it up at higher levels Anyway, let's wrap it up for those of you signed up for the advanced webinar. We'll See you right over there Okay, take care. We'll see you tomorrow