 All right, welcome to the Bookmap Platform Details webinar. This is Bruce at Bookmap. Risk disclaimer, trading equities and futures involves 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 and there is a free trial for 14 days. It comes with education. You get the Bookmap Educational Course and you get access to the advanced order flow webinars, which start in about a half hour. And other resources as well. If you need any help, you can always reach out to us at support at bookmap.com. Let me show you where you can find that. Let's just go through the website really quickly here. Here's the home page. Click on Explore. There's an intro video. And then just scrolling through here, just information about Bookmap, signing up for the webinar, link to a trial, Bookmap for Equities. For those of you trading equities or futures, there is this advantage here with the NASDAQ Total View. It's a really nice data feed. We're not the data provider. We just partnered with somebody to provide it. So we have Bookmap for Equities. If you wanna take a look at one, let me know. We can do that. I've got plenty here lined up. Connectivity, you will need a data provider. One of these to connect Bookmap to the live markets. We're a platform. We're not a data provider. A little bit further down, pricing. So this is where you can find Bookmap for the 14-day trial. You can see there's some different options here. There's really only one version of Bookmap. It's Bookmap Basic. It's 49 per month, it's billed quarterly. All right, and then there's the Bookmap Advanced. And the difference between these two are these other features. One, and this is an important one, is the ability to trade right from the chart. You therefore can use the Bookmap Liquidity Heatmap to manage your trades and your entries and exits. So for example, if you see on the bid that there's a lot of interest to buy at a specific area and you're trying to get into the market, well, maybe you wanna place your limit orders just above a tick or two above some of that high liquidity to guarantee that, or higher probability that you're gonna get filled, okay? Or you can hide them behind stops, for example. Or I'm sorry, hide your stops behind that high liquidity, okay? And then these other proprietary indicators that we put together that are very specific to order flow, okay? Large lot tracker, identifying larger players, iceberg detector, again, identifying larger players with hidden liquidity, some balances in the order book and the volume and a correlation tracker, okay? Quants, you might have your own very specific needs, like connecting your own data, your own proprietary indicators, et cetera. So just click here to learn more and we can help you out. You can follow us here on Twitter, okay? At bookmap underscore pro, okay? To get the most information, most updated information here and there's all sorts of stuff here. So anyway, that's our Twitter and our YouTube page, okay? Many of the resources are here and you can start off with some of the intro videos and then maybe start with a few of the features and components to understand what bookmap is and how to use it. And then these order flow video snippets, okay? These go through the order flow phenomena that bookmap visualizes and uncovers, okay? They're very concise, but this is the kind of content that we go through in detail in the advanced order flow webinars that start in about 25 minutes, okay? The reason we've separated these two out, these two different webinars, those that are in trial or current customers, they've moved beyond the basics about the platform, okay? So if you guys do have, and there are a lot of traders that come in here that are current customers and they're here to ask more about the platform, okay? And understand some of the details and that's what we're here for, all right? So let's take a look at bookmap. We'll take a quick look at the NASDAQ here. It's back up at the top of the range. Yeah, we'll take a look at the NASDAQ, I think, and what's shaking over there. It's had a nice move here to the upside, okay? And let's see here, there's something I wanna go over quickly and that is the volume dots here, all right? So I'll get into the, what exactly bookmap is showing you here, but there was a customer that had a question about this, so I wanna answer this about the volume displayed here and how to use it, okay? That's a lot of different features for it, all right? So in fact, I'm gonna start taking off some data here just to simplify this, okay? Because we're gonna take basically all of the data off and just look at a candlestick chart in just a minute, but we're looking at volume here that traded on the historical best bid and offer. So let me go over here to studies configuration, okay? And we'll go to volume dots here, okay? Make sure it's selected. And I have it as pie display. You have the dot size here, okay? It's a little big for me. I'm gonna bring it down a little. And then the transparency you can also play with, right? And then the clustering, right? So I usually just leave it on the, if I click on restore here, and then I just, let's just bring the dot size down. And that's usually just good enough for me. I like the dot clustering unsmart, but let me briefly describe some of this, okay? You can look at volume by time, okay? And then you, if you choose that, you're clustering here by time. And let's look at 15 minutes, okay? So every single 15 minutes, there's gonna be a new dot, okay? Now note how historical best bid and offer is here, and the volume dot actually took place outside of that. That's because we're showing you the VWAP of this volume, all right? We're also, as you can see here, showing you in this pie display the overall delta of the volume, okay? So an aggressive market buy is a green dot. An aggressive market sell is a red dot. Now, when so many transactions have taken place, we display it as the overall. And we give you it as one dot, and then give you the understanding of who might be winning the battle here. You can see it's pretty even on the way up here, right? And you see sellers are starting to take control on the current dot that is forming at the moment. Anyway, some good stuff up here, we're gonna get into it in just a minute. We already see kind of distribution pattern up above. And so that's by time, okay? We can look at volume, okay? If I choose by volume, you need to input, and we can just input it by hand here. Let's input 500, let's input 5,000, okay? Every 5,000 transactions, or I shouldn't say transactions, contracts that trade, then a dot will be painted. And you can see it gives you, it's on the VWAP, and it's also on, it gives you the overall delta and shape of it. So it's not by time, it's by the number of contracts traded, okay? So you can play around with those too. Now, you can also have it on none, right? And none will just show every single transaction. And then there's by smart, okay? Now, smart is a combination of by volume and by time. So we're looking for flurries of activity, and then we're kind of consolidating those or clustering those in a specific area by the volume and by the time. So there might be transactions that take place, but they're less significant, and they will be kind of just visually now aggregated into a bigger dot, all right? Okay, any questions on volume? I wanted to get to that, and it was a question that I wanted to get to right off the bat, and let me know. I mean, there's a minimum accountable dot volume and accountable trade size. These are other filters that are not by clustering. It's actually filtering out the volume in a very specific way, all right? So I won't get into that right now, but maybe if you want, let me know, and I'll get to it in just a minute, okay? So let's just go over what book map is showing you, because we're already seeing some good stuff here. The move up distribution pattern, we can see sellers taking control here, all right? So let me make sure I have my, yeah. Okay, everything looks good. All right, let's put on the candlesticks and let's take off everything else here, and volume. Volume bars we'll keep. Okay, you can see we have a sub chart here. This is cumulative volume delta, but I just want to show you what book map is displaying here because it's, you know, the chart looks really noisy in book map. It's actually really simple data. This candlestick chart is actually more complex conceptually than what book map is showing, okay? Because this is open, high, low, close of a specific time period. This is a five minute candlestick chart, all right? And then to understand that, understand wicks, understand bodies, understand the patterns, et cetera, is more complex, to be honest. And this is a derivative of time and price and volume. And it's just summed up very neatly in four data points within five minutes. That's a problem because there's so much more information here that gives you no insight whatsoever to what's going on with price. I mean, we can just look at this example right here. We see selling up here, okay? This is telling you to go short. And we opened here and we went down to begin with as soon as you break here, you're going short, right? Well, you can see that didn't work out here, okay? So this candlestick pattern up here, for example, is erroneous, all right? The transparency that we need to see up here in these areas is the volume and the auction, where traders were bidding and offering. We also need to see exactly where they're transacting. We want to understand the aggressor, how much volume traded up here, exactly where on this candlestick. And if it's a more aggressive buying, well, then I'm looking for an aggressive move to the upside. All of that kind of information here is not answered by looking at this candlestick chart. Even with a sub chart and volume down here, it's still not answering the questions, okay? So let's turn on and I'm just gonna start very slowly here because just turning on the historical best bid and offer, we're already gonna get a tremendous amount of insight here, okay? We're gonna get an understanding of microstructures. And historical best bid and offer allows that, okay? So all it is, is the red line is historical best offer, green line is historical best bid, okay? And now we're starting to understand some of the structure here, what kind of occurred up here. We see a nice return back to this little structural area here with this little pullback here, okay? We're probably gonna see exhaustion here. They might even, in the auction, we might see a lot of activity here, okay? Bidders here, they really, they wanna buy at a higher level. Anyway, we'll answer that question in just a minute, okay? So looking at this kind of structural, these structural areas of consolidation and breakout and consolidation and breakout gives us a lot of insight. And that's lost because in a candlestick chart, this is just aggregating that back and forth, okay? So let's turn on the volume now, okay? Now we're understanding where the transactions are taking place, okay? And we're able to really see a lot more information right now. So for example, just this little area right here that we were focusing in on, okay? This is telling you to go along, okay? There's no question about it. And the reason being is, look at the aggressor here, okay? The aggressor pulling the market up out of the range here. We get a pullback to where it broke from. We see a nice move again up to the upside. And we see it break outside of this area with more aggressive buying, okay? They're selling in here too, but it's mostly buying pulling the market up, okay? Buyers are in control. We're looking for pullbacks to where we broke from or large areas of volume and transactions, okay? High volume nodes, and we're looking for the aggressor to show up again, okay? And they do, okay? And we see a trending market here. And we see more volume and more aggressive buying trade at higher highs, okay? Very indicative of a trend. And this would give you that kind of insight at that area here. And we're just looking at the traded volume, okay? Now, let me zoom in here and I wanna go through something pretty important because we go through this in our educational course. It's really about specific market phenomena that occur in the order flow and gaining an understanding of really what's going on here in this market. So this for example here is these are the aggressive buyers, okay? So as I zoom in, note how, I'm showing every single bit of data here and I'm starting to, this was kind of a big dot that had buyers and sellers and a pie display. But note how I zoom in and I break apart all that trade activity and I can see exactly what's trading here, okay? And we're down at the microsecond level. We can continue, it's unlimited zoom basically. And we can go down to nanosecond level. Now we don't trade off those times but we can already start to see how, look at the patterns here of a kind of algorithmic activity, little flurries and clusters that happen in a pattern. Here's three, here's another three. Here's two and this kind of matches. Looks like this algo trades two, then three and then three. Two, then three. Well, no, I guess it broke here, the pattern. But you'll see them. And we can continue to zoom in and we can see exactly what traded here, okay? This looks and we can use the data tip tool and we can show that we have the date, the time, what was on the ask here, okay? And then the volume. So this is the market here, right? Historical best offer is the red line, okay? Traders are here providing liquidity, in this case, 33 contracts, okay? And they want to be sellers here, okay? And the buyers here, they're providing 14 contracts here, okay? On the historical best bid, okay? Now the transaction that you see here is a market buy. Okay, someone hit the market buy button, okay? For volume of 10, okay? So that's, we consider this the aggressor classification because they crossed the spread, they paid up for it. They took liquidity, they didn't provide liquidity. They took it from the best offer, okay? And a green dot paints, okay? If we zoom out a little bit more and we see some selling, well here, now there's a better example of some algorithmic activity there and little clusters, all right? And so they hit the market sell button here, okay? All right, so anyway, that's what we're showing you in book map and we're showing you every single, and you can see the best bid and offer in the spreads. So a little bit of volatility occurred here at this very moment, okay? A little back and forth here, all right? Now as I zoom out, okay, we can start to piece this whole thing together and note how we have just visually, okay? Just graphically aggregated all this together, okay? So we can see the move to the upside here. This phenomena here is usually how we break out of zones and areas, trading areas. This is called a sweep of the limit order book. The aggressive buyers came in and they took liquidity at every single level here, okay? And they swept the book. Anyone who wanted to sell up here, well, they got filled. Okay, so that's a phenomenon that you'll see again and again and that's why you can see we trade here and we see more aggressive volume at higher highs because of the breakouts here and more volume and more aggressive buying at the higher areas, okay? Note here on these little areas on the pullbacks, this is basically showing exhaustion, okay? No one's really interested in selling at some of these little pullback areas here, okay? So basically what happens is the market still has the capability of price discovery to the upside, okay? This is the kind of phenomenon that matters in the, or understanding the order flow, okay? Who's in control and how they're behaving, okay? It's not about some sort of derivative or anything else, we're understanding the players and their behavior, okay? And what price might be worth at some of these levels. All right, okay, now that's half of the picture is just the traded volume, okay? It's very insightful and a lot of us are very familiar of looking at the volume, right? But let me take the candlesticks off at this point, all right? Now, the other half of what's going on here is what's going on outside of the transactions. Where are they bidding and offering, okay? How is it going in the auction? To access that, usually what we do is we access that in the current market, okay? So, and the way you can see that is here in Bookmap is with the dome. This is the current state of the market on the right side of this vertical white line. This is your best bid and offer currently and here's your last traded volume right here, okay? This white number, okay? It's an aggregate number as well for, anyway, I don't wanna go over this feature at the moment, but last traded volume is here. Now, the way we access the depth of market is in the dome here and we can see where traders are layering in with contracts and liquidity, they're providing liquidity. They wanna be sellers at these areas up here. They wanna be buyers down here, okay? This is the current auction. Current auction gives us a good snapshot of understanding exactly now at this moment where they're bidding and offering, the majority of them. We see 90 contracts here, okay? We see up here and this is, well, I have full depth of market, so actually this is live up here. There's 124 contracts up here at 6319, all right? So we're getting a feel for where the sellers are lining up and where the buyers are lining up and that is really insightful. The problem is, is when this data changes, it's lost. The current snapshot is lost. We don't know where they previously were. What about the areas around it? What kind of interest did they show, et cetera? None of those questions are answered here looking at the current market and that's where BookMap solves this problem really nicely, okay? We take the data here in the DOM and we turn it into a heat map, okay? So high liquidity is bright white. So 6319 is bright white. Other areas that are high liquidity are a bit brighter or less bright than the highest area here, but you can still see where they're lining up, okay? So you'll see this heat map change in this window here. All those changes are recorded and then transposed onto the chart historically, okay? So now we can start to understand their behavior in that auction. So for example, these traders that were, they were showing interest here on the sell side, okay? But we're starting to read and look how the market's behaving. They're pulling their liquidity and they're placing it at higher levels, okay? This is bullish, okay? Sellers are less aggressive. They're pulling away from the market and they don't want to be sellers here. They wanna be sellers up here now, okay? And the aggressive buyers are charging up, you know, lifting the offer up and toward these areas of higher liquidity. As we zoom out, this is where you're really gonna be able to start to understand the historical heat map and liquidity, okay? So let's just go back and take a look at our example that was over here, okay? Well, we can see it. I mean, there's a lot going on here, but we can see on the bid that they were bidding it up at this area here, okay? We can see that the map is telling us that. Pretty aggressive on the sell side too, to be honest, here and here. But the buyers just, they overpowered them and they took them on and they trade through that liquidity, okay? Or potentially these guys pulled and we can answer that question, okay? We can click on the move tool, hover over this area and zoom in quickly with my center mouse wheel and I can answer this question of did these guys want to trade and did they trade, okay? And the answer here is yes, okay? We're trading right into high liquidity here, okay? So there were 230 contracts here and we see 183 just traded, okay? And then we can see we dropped down to 47 contracts and then, and there's still aggressive buyers are still trading in this area here, okay? Here they are, okay? They're lifting the offer. They're sweeping the book higher into other areas, okay? So this was a kind of a key area here, okay? The, these aggressive sellers here, you can see probably the same player provided liquidity up here, dropped it down, provided it here and then you can see at this same moment he dropped the liquidity, high liquidity down, a couple ticks, okay? Pretty, pretty aggressive, okay? So this guy wanted to sell and buyers took him on. See a little bit of spoofing type of action under here, okay, making a distinction between higher, high long-term liquidity that stays in the book and trades, okay? Like this guy definitely wanted to trade and then this kind of short-term, high liquidity here that really doesn't have intent to trade. It's fake liquidity. It's here to skew the limit order book to try to get price to move higher, okay? And anyway, we see this kind of phenomenon happen all the time, okay? And the result of that was, it was in this area right here, as you can see, pretty successful, okay? And got price to go higher. Anyway, all sorts of good stuff. I didn't even go over the distribution pattern up here that we saw. Let's zoom out a little bit here. But we see a shift in the order flow at this area here and now we're starting to see more selling at a lower area, okay? And we see, we don't make a higher, high. And we see, they're still aggressive buyers up here, but just not enough, right? And the book really gets thick up here in these areas here. And then the sellers start taking control. Well, I mean, they hit it pretty hard here. But, you know, right around this area here, they take control and move it to the downside, okay? And we made a lower low, all right? So anyway, the buyers are still engaged though. They're right back in and we see the same kind of phenomenon repeat again here, okay? So it looks like buyers are starting to take control again at these areas. We need to come up to these swings up here and see how this is behaving and how they're behaving in the book, okay? All right. Anyway, a lot of information there. It's time to go. Let's see, I'm sorry, Carl, you had a question here. Oh yeah. Yeah, reach out to support Carl on that. And they'll be able to help you. And I think you might have to talk to John as well at JS Services, all right? Okay, okay, great. All right, guys. Well, let me know if you have any questions. You know, we're just touching on the very basics here. There's so much more to look at. We have indicator sub-chart here. We have all sorts of different studies over here. We also have automated trading strategies here. You will need the one-click trading, but we have chase, escape, and execute strategies. These strategies read and balances in the book to optimize your trading, okay? They're algos, and you can use that anyway that you choose. Let's see here. Only Windows version, Jesus. Oh, no, regarding JS Services, I mean, you're gonna get a quicker answer if you contact support right now. I've got the other webinar, so I've gotta jump to that one. But for those of you in trial or current customers, I'll see you in the next one, okay? All right, take care.