 Okay, so welcome to the book map platform at details webinar. This is Bruce at book map risk disclaimer here Trading equities and futures involves a central risk of loss is not suitable for all investors Past performance is not indicative of future results for more information go to book map calm It become a member there or start the free trial And then you're able to access Not only book map for 14 days for free But all of the resources Including the advanced webinar series. So in this webinar here at 1030 Eastern time we go through a Lot of questions or just some of the details that the book map is showing you and displaying And that's just the first step The next step is once you have book map and you're using it you want to understand exactly how to use it And then we go through that in detail at 11 o'clock Eastern for the The advanced analysis okay looking at the live markets understanding what's going on what book map is displaying and How to start to anticipate? price movement Okay, so let's Jump in here. Let me let me show you where you can find book map if you want to give it a try You go to book map calm and let's click on explore There's a few intro videos here, but let's go down to the pricing and this is where you can find it If you want to give it a try There's the basic and the advanced versions and that's it 49 and 99 per month they are billed quarterly And and you get a 14-day trial period Okay, the difference between these two is one is the ability to trade right from the book map chart Which is very nice feature and the other is these book map add-on indicators that are more focused for This order flow and high frequency environment Now there's other to it basic and advanced over here They're just packaged with the DX feed now DX feed is a new offering here That we've partnered with dev experts And we're able to offer us equities now in book map Okay, so it's the DX feed is not a feed for futures. It's only for the For the US equities Okay, and you also get a 14-day trial period of those now if you have the book map advanced or basic Currently or if you want to give those a try you can add on the DX feed later if you like or just immediately after if you like So this is just a package deal. That's the only difference here Okay, so And you will need to have your own Data provider or broker and these are the ones that we support here So through stage five you have CQG rhythmic gain capital You also through ninja trader seven and eight also the API in TT X trader pro as well as the API in interactive brokers traders workstation Okay, the rest are just data feeds like IQ feed Transact gain CQG and rhythmic so book map is a true platform We're not an indicator or some derivative of price In fact, we're just a very objective view of the marketplace and I'll show you that in just a minute Okay, if you want to also follow us here on Twitter This way you'll get the most up-to-date information here and then the Subscribe to our YouTube channel and any uploaded videos. You'll be the first to know here All right, so if you want to review some of the webinars as well This is where you'll find them So if you're new here first, I would recommend watching some of the features and components here to understand What's going on in book map what it's offering and then maybe just watch a couple of these order flow video snippets These are the concepts we go over in much more detail during the advanced webinar And and then you'll find the selected webinars down here So I've included a few of the advanced webinars here as well So you can watch those and get a feel for what the that that session offers you Let's see here Ralph. Good morning Ralph Can you get a long-term book map chart? Well, you can open up your book map And you can start recording your data beginning of the week and just leave it open but that's That's about it at the moment the There's so many data points here. It's not just open high low close of a of a time period There's just only four data points in book map within within that candlestick We're showing potentially, you know thousands hundreds hundreds of thousands of data points depending on that candlestick so It's it's a lot more intensive And that's exactly what I'm going to cover here. So let me jump into that Okay, and let's take a look at the Nasdaq and So you're looking at at the book map interface here But it might look a little foreign to you If you're not accustomed to looking at it. So let's drill down here and start taking some layers of data off and Then I'll show you exactly what book map is displaying Okay, I'm going to put a candlestick chart on here And we take the volume dots off the best bid and offer off Okay, and let's zoom out Okay, let's uh We can stay with a five-minute chart. That's fine okay, so here we have five minutes of data per candle and You know candlestick chart is is pretty good. Like I said, it's only four points of data But we're so accustomed to reading them You can see the wicks the bodies and start to understand the pressure in the in the marketplace Not really able to read too much into this one here as we can see it's just kind of going both ways but There's a problem here with the candlestick chart is those four data points are Really misleading and we're making financial trading decisions based on very very limited data here so Bookmap will will solve that issue for you by showing you All of the trading activity as well as where they're bidding and offering in the chart. Okay, so Let's first start with just the historical best bid and offer and you'll see what I mean here Okay, all right, so all I've done now in on this five-minute candlestick chart here is overlaid the Historical best bid and offer right and we can already see the difference here We we're starting to see the emergence of micro structures in specific areas And this is really insightful information just this alone without any traded volume whatsoever I can see a structure here. I can see a breakout of that structure. I see another structure up here I see a breakdown of that. We have another structure here. Here's a head and shoulders for example You would have missed that on your candlestick All right, so There's also a reverse head and shoulders down here. So we'll take a look maybe In a little more depth Especially I'm going to cover that in the advanced webinar and I can give you a link to that if you want to go Come to the advanced webinar as well Okay, so Now there's still a lot of data that is missing here and that's not giving us insight to The trader activity and we want to know that we want to understand where traders are committed in this marketplace The traded volume, where is it? Well, we have a volume sub chart, which is helpful You can see there's a bit of a volume spike down here at the low and But that's it though, we don't know What type of volume it was? Was it aggressive vine or selling? We don't know where it took place On the candlestick chart. We don't know the time Exactly when it took place either so and how it Took place within these micro structures Okay, so let's turn on the volume dots and let's take a look here All right now. We have a much clearer picture of where traders are committed So we can look here and we can see that there's a very very quick move down But not too much traded volume on this move down Okay, volume started to pick up down in this area here. We get a retest Back to where we broke from and then we continue on to the downside So let's let's zoom into this little area here and let's take a look at this This little bottom Okay, so what I want to show here on the historical best bid and offer is the type of volume We're displaying you can see a the green dots here This is an aggressive market order that transacted on the historical best offer the red line The red dot is a market aggressive market sell order that Transacted on the best bid and it took liquidity off of the best bid. So the aggressor is always taking liquidity the Limit orders are providing liquidity Okay, so that's what we're displaying now. What about the pie display as you can see here Well, there's so much trading activity here that we can't display it all It is better to give you the overall delta of what occurred here And you can see that the majority of it is selling if I zoom into this area We'll get the complete picture here and and you can see the the aggressive selling here a little bit of buying and then Some more selling now. This is not the greatest example. There's some lag here and latency I mean, we're down at millisecond level here, or I'm sorry, and we're down at microsecond level here So we're talking millions of seconds and you can see there's a lag between best bid and offer and the traded volume Okay, but we'll go with the transactions So we know that at this point down here the the best bid was down here And then and then it flipped over to to the upside All right, so we can see the the aggressive buying that took place here So at this point here the best offer was down here. So a lot of a lot of lag actually in this particular example but Anyway as I start to zoom out Note how okay all of this trading activity, okay, which is algorithmic as you can see here Look at the spacing and timing some of these trades here and As I zoom back out note how I'm consolidating Visually and just visually aggregating all of this trade activity together Okay, and note how it all becomes into a Larger dot, okay, and it gives me the overall so I understand there was more selling than buying here So that's what we're displaying And now we have a much clearer picture between this five-minute period here. Hey each vertical dotted line is a Minute of data and I can start to understand exactly what occurred okay, look at the cluster of a selling that took place down here and This is bearish activity. In fact, we get price discovery to the downside We do get a nice little retest back to where we broke from up here And then we get the continuation to the downside okay all right, so That's the volume now. Let's go back to the current market and Understand what's going on another piece of the puzzle here to understand in order flow is the limit order book Where are traders lining up to provide liquidity? This gives us insight to the current state of the market Okay, we want to understand where there's high liquidity and Where are the possible targets where the market can trade or maybe a possible skew in the in the auction here that? repels price away and this is a distinction between Longer term high liquidity and shorter term high liquidity that we cover in more detail in the in the advanced session So we'll just start with the basics here And we can see here at 58 51. There's pretty high liquidity. It's the highest in the book Okay, and they just pulled that liquidity. So as you can see here, there's a problem right with this example that Once that liquidity shows up and then is pulled we have no rec record or understanding of what occurred Okay, it's fleeting It's no longer available to us and that's the issue here and that's the problem with the current order book. Okay, so Bookmap solves that issue by recording that data. Okay, and the way we do it here is within this window Here's our best bid and offer in the current market right now. Okay, and this number here is the last traded volume All right, so let's turn on the liquidity Map so the heat map is how we do it. Okay, so what what we do is we we take these numeric values here in the Limit order book. Okay, your dome And we paint the areas A grayscale heat map if it's high liquidity it will get a bright area here If it's less as you can see in some of these areas it gets a you know a darker shade of gray So we can understand the commitment of some of these traders or at least some of their intent in some of these areas And that's what we want to understand now Where it gets interesting as we you can see the the heat map changing as well as the numeric values changing Where it gets interesting as we take this data and then it we record it and transpose it onto the chart historically here All right, so now you can understand Exactly what occurred not only with the traded volume here in book map But you can also understand now the intent of these traders in the limit order book and this gives you a lot of insight You don't have to remember now There was you know 150 contracts up here at a specific level You've got it recorded Okay, in fact you can use the Datatip tool here And you can hover over these areas and it gives me the date the exact time Down to the millisecond and then it tells me the liquidity here So you can see the at on the ask here the liquidity was 71 at this 58 59 level Note these little striations right here. It got darker and then it got brighter This is the pulling of liquidity when it got darker. So we went from 71 contracts down to 67 65 66 and then they started to bump it back up to 73 77 80 Etc. Now we're starting to understand The auction here on the offer and note how they actually got pretty aggressive right in this little area Okay, they they they brought the offer down. They wanted to be sellers at a lower level Okay, and lower yet. Okay, and we can also see where they transacted Okay, so now we're getting an understanding of of where price is getting absorbed by the limit orders and Where we can start to understand targets like this potential target that we're looking at here at this 54 and three-quarters Okay, so absorption and then we're potentially getting a flip here in the order flow Okay, maybe some more sellers starting to come in and they're looking to transact Here's where there's liquidity. It's down in this area here. So now you've got understanding of what's going on in the marketplace and why price might be reacting in specific areas Okay alright So any questions? No, if not Let's let's take a look at We can start to look at some of the structure and order flow here Or we can go over some more features as well. There's just this is so feature rich There's so many different things to look at that You know, you can filter your volume for example you and there's ways of clustering and filtering that volume as well as looking for exact sizes of volume to trade That maybe that works for your type of trading okay So you look at look what we were just witnessing here and look at the sell-off that just occurred and hit now this target here of 5475 Okay, now. Why did I have insight to that potential? You know to this area to trade. Okay, it's because of what occurred up here in this area Okay, we saw the high liquidity We saw the aggressiveness of it We saw that they there you can you can you can look right at it and you can see how it traded into these areas here And it transacted Okay, so these areas were absorbed and Then we we can see that the aggressive buyers they they basically Didn't show up in some of these other areas Okay, we got a retest here and you get very little aggressive buying and nothing here as you can see and very little here and then we start to notice clusters of volume starting to trade at lower areas a little bit of a Insight was here as well But you know, I mean I still I like to see the structure broken first And then I like to see that continuation to the downside Yeah, let me show you how to filter for the the clusters And the accumulative volume Delta down here in the sub sub chart, okay? so All right, first thing let's click on the studies configuration here And then we'll click on the volume dots and there's ways of clustering your volume here the dot clustering All right, so first We can have with no clustering whatsoever. It's going to show every single trade event Okay, and then we can use the smart clustering, but let me let me go through time and volume first So now I've got it set up for every single minute To display a volume dot actually, let me go to five minutes and we'll put it right on that candle Okay, so you can see now the overall Delta of the volume within this five minute period here You can see the rather even in this case Okay, so the aggressive buying on the upside here countered with the aggressive selling at this point and it's rather even Okay, pretty even here as well a little bit more buying than selling All right, so that's by time Now let's go into buy volume So now we can look for specific volume as well. And so let's look for let's input A 50 is not bad. Let's input 75 And let's zoom in Okay, so now I've chosen 75. So when 75 contracts have traded paint a new dot and Give me the overall Delta so you can see these are all the same size all these dots and It's not based on time. It's based on volume So you can see that there's a pretty big lag here between these two volume dots But in some of these areas over here, you can see a lot of volume traded really quickly So it gives you some insight to some of the speed that is is trading as well All right, so the structure or I'm sorry the Dot clustering for smart volume Okay, this is a combination of both time and by volume and We're just giving you the kind of it has a A Kind of a sliding filter here as well. So let me open that again. And that is this sliding filter here. Okay, so The way it's working is it's starting to it has kind of like a circle of influence around it and looking for Trying to cluster Important trading activity based on time and volume Okay, so you just get you you're getting a kind of a bigger picture or You know kind of an it's not aggregated, but it's just It's starting to give you the significant volume that traded within that time And and volume period right so that's that's one way to do it here There are other filters as well looking at minimum accountable dot size and trade size Let me just go over minimum accountable trade size for those of you who look for block trades You can also filter for those. Okay, so I just selected 10 and Anywhere on this chart where there was a volume a trade Event for a volume of 10 or more and you can see the Nasdaq's not a very good example But I only see one over here and I see a couple buys down here. Okay So not not the greatest example, but it's either going to be 10 or more if I hover over the dot using the tool tip You can see that it says volume of 19 here on the last line. Hey, this was a pretty big trade This was and this was for a hundred and four All right So that's how you can filter for block trades if that's what you want to look at Okay, and so you might want to look at something a little less here today at least in the Nasdaq and and filter for the Maybe less like five and still really not giving you much insight All right, so let's bring that down to one and let's go back to our smart Factory back to restore. All right, there we go Okay Well, that's the the filtering and let's go over the CVD here as you can see so we have a Indicator panel as you can see and this is showing you the cumulative volume delta Okay, it's a really simple It is very insightful indicator, but it's actually quite simple Uh, it's just taking all of the trade activity here And if it's a a market buy order, it's a positive number Uh, and then let's say the next trade that takes place Uh, well the first trade that took place took place was for 10 contracts and it was a market buy Let's say the next trade event that takes place is a market sell for eight So the sell would be negative the overall cumulative volume delta at that point would be 10 minus eight So it would be positive two And that's all it does and it just plots it Okay, now we have some pretty nice Features for that though. Uh, there are different ways you can click on studies configuration and we can go to cumulative volume delta We you can have multiple cumulative volume delta show Let's just show this one here and You can filter for specific sizes if you like and you can also Have a range here to study for the chart range or the session range So for I have it set for chart range Which means that within this viewable chart range is giving me and calculating the cumulative volume delta If I go to session range, you'll see it change here Okay, and now it's since when I opened up my book map and it then it started to Create a cumulative volume delta You you can also you can split out the The aggressor okay by you can see now I have buyers and sellers uh, and you can also Click here and make a reference point. All right, so For a reset. So let's let's do a reset right now and you'll see what happens Okay, so I just clicked here and it records exactly when I reset it You can input your own values as well Like if you wanted to put in 9 30 for the cache open, uh, then it would reset exactly at 9 30 So since I clicked on reset now, you can see that it zeroed right after I reset it. Okay, and it's starting again All right, so all sorts of nice features here Uh, let's get rid of that one here. Let's go back to our chart range And there's a cumulative volume delta 2 that I also have set up and I filtered this one All right, and I filtered it for uh looking for a minimum of 10 All right, and that's turn in terms of the volume size So I'm I'm looking for the larger players in this study Okay, and this is going to be a blue line now I need to also come down here and I need to activate this here So I'll just click on the cumulative volume delta 2 study here Uh, and I can also click on the widget panel and it'll show here Right, and you can see the difference here. So a big difference between the two All right now 10 might be a little much here for today in the nasdaq, but I'm looking at all traders here with the The cumulative volume the cvd and then cvd2 is looking for the larger players Hey, how are they positioning themselves? all right Okay, so that's uh Going over a few of the features. Uh, there are many more All right, we have automated Trading strategies that are available up here You can trade right from the book map chart as well and we can activate some of these algorithms here that come with book map Okay, so if you have any questions on that, let me know Otherwise as time is up here. We need to get to the the next webinar and let me give you the link So you can you can join in for this next webinar Okay, hold on just a moment Okay, now Another note here. Uh, this is the I'm going to put it in the chat. There you go. It's in the chat box and you'll see the link This is the the last webinar for And we're taking a bit of a Holiday break now and we'll come back after labor day On the 7th of september. Okay, so that's uh So not not until then we'll we have another webinar. All right, so Just taking a bit of a break. So enjoy your your holidays and and then we'll see you back on the 7th All right, so You have the link for the next webinar. I'll see you there