 Welcome to the platform details webinar. This is Bruce at book map risk disclaimer trading equities and futures involves Substantial risk of loss and is not suitable for all investors past performance is not indicative of future results For more information on book map you can go to book map comm There's a free trial 14 days. That also gives you access to the advanced order flow webinars and other resources for our education and support Okay, you can also just reach out to us with any questions at support at book map comm in fact since it's Friday, we usually do this but In the chat box there take a look and I'm going to put this in now This is the link for the webinar the advanced live order flow analysis at 11 a.m. So in about 27 minutes So if you want to attend that you're welcome to and That's what you get when you are in trial or a current customer The the idea here the concept is to filter out those that have platform questions And then those that Are already know about the platform. Maybe there's a question here or there But for the most part they're interested in understanding the order flow and the phenomenon that book map uncovers Okay, so we really dive into that and go through the order flow in detail All right, so Let me show you where you can find book map book map comm Let's go up here to the top I'll have a new link after the webinars Probably in another hour or hour and a half. I should have another link up here For the platform details webinar members they can sign in there. Let's click on explore some intro videos here You might want to check out and Scroll down here This is how book map connects. You will need to provide Or have a data provider. We're not a data provider. We are a software platform So we offer the software and the visualization But you'll have to get the data from one of these providers here to connect book map to the live markets Okay, and in here's book map. There's the basic advanced and quant different different features here So the basic is 49 per month advanced is 99 per month reach out to us if you're a quant and have very specific needs happy to help you there. There's all sorts of You know Features or yeah features that the quant version will offer you an insight to your studies. Okay All right, so you get a 14-day trial period With basic in advance there the differences between the two the ability to trade from the chart here and then these proprietary add-on indicators that we created that go through order flow Indicators for the order flow not your standard RSI or MACD or stochastics. Okay Alright more social media stuff here you can follow us on Twitter and It's at book map underscore pro. Okay, and then the You can subscribe to our YouTube page here all sorts of videos that you can watch here Including last week's ProTrader webinar series that is up here on the home page. Okay All right Well, let's take a look at book map and wasn't sure what markets to take a look at this morning We've been going over oil all week and it's been pretty good This morning is it's been really bashing around But there's still some good stuff here. So let's we'll continue on with oil and Look at the crude market here now For those of you new here to book map, let's go through what it is displaying There looks like there's a lot of data here and there there is actually quite a bit of data, but it is really Visually Simplified for you so you can really quickly digest this this data Just visually. Okay without being bogged down by a lot of numbers and figures And and still understand very quickly the overall shape of the market and the order flow. Okay, so It's actually really simple stuff to be honest there. This is not an indicator. It's not a derivative. It's an actual Very very accurate current and historical state of the market All right. So and let me show you what I mean here. So we're gonna start off With candlestick chart and I'm gonna turn off everything here and we're just gonna look at the Simple but complex. Yeah Well, it is it is actually, you know, to be honest Jack this candlestick chart here is more complex than book map because this is, you know Uh This is a five-minute period. Okay, so it's a it's a period of data And it's hiding a lot of data here that you just don't have access to and therefore This is this is making it kind of It's it's uh difficult to understand really what's going on here and and to understand the concept of the um Uh the candlestick. I mean, we're all very familiar with it. So that's why I'm covering it But the to understand open high low close Of a bar and then understand the wicks and then to understand the The bodies and then try to understand all of this together with with different five minute periods That's complex and it's it's stretching. Um, it's not you're you're just kind of guessing in a lot of cases You're not really sure what might be happening here And you're kind of reading the tea leaves that you know, there's probably some sellers up here or maybe exhaustion of Of buyers Right. Well, we don't really know that and book map is going to answer that for us because we're going to show you this data We're going to give you that transparency into it. So just try to keep in mind that this is um It's not a derivative of price time or volume And it's just giving you the the the the real data, uh, and just visually showing it here for you. Okay, so All right, so for example, um Just the volume here where where did where did the volume trade? Uh, we we don't know, okay I mean, we do have a sub chart here, uh, and it and it's showing some volume spikes But we don't know where it took place We don't know how much and when and we also don't know within these five minute periods What about the structure of uh, little micro structure areas that have actually a lot of significance when combined with volume Okay, or lack of volume. So let's turn on just the historical best bid and offer to look at some of the micro structural areas Okay, uh, and we can just start right here. All right, so um Uh, for example, uh, let's try to find a little bit of insight here We can look down at this little area down here and um and start to see something so I'll zoom into this period here Okay, and uh, it's not really the the greatest example, but there is a bit of structure here. Okay, uh at around this 51 43 area or so and um You can see that we broke down below it Went sideways for a while and then look at the quick move up here Okay, a quick then a nice little pullback To well a few ticks away from where it broke from here And then the move on up okay, so Uh, we're gonna what we're gonna see here is we're gonna see initiated buyers come in and move the market up Okay, they broke this micro structure Okay, and um, uh, we'll see, uh, uh, what exactly took place here and let's let's do that We'll turn on the volume dots. Okay, so already I have a lot of understanding here. Uh, just with the structure Uh between this five minute period and then Uh, this five minute period as well Exactly what kind of occurred here Okay, so actually, um, it's not it's not a bad example I thought it wouldn't be so so great here, but it's it's not bad. It's not bad at all So here we had a breakdown and you can see the sellers come in Okay, look at the dots. Okay. The dots are on the historical best bid and offer Uh, a green dot is an aggressive market buy that took place on the historical best offer Okay, uh, and a a red dot is a as a market sell that took place on the Uh, on the best bid. Okay, so let me zoom into this area right here And I'll just show you what I mean here. Okay. There's a lot of actually a lot of back and forth here Uh, we'll zoom into this area Okay, um, so we can see here, uh, the These little green dots here. Okay Uh on the historical best offer. This is the best offer. This is the best bid Okay, this is a market buy. Okay. It's for volume of one and I know that by using the rollover or data tip tool here It's also in the bottom left hand corner here And it tells me the date the time and the time is down to the millisecond here or no, it's down to the microsecond uh, and um Actually, it's down to the nanosecond to be honest. Yeah, it's down to the nanosecond. Okay, uh, and um, and then we have on the ask Uh, what was here on the ask? Uh, and then we see at that price level and then the volume Okay, so, um, we have all of this market data here. Okay, so this was for a volume of one and then immediately after for a volume of two Actually, that's kind of funny because the ask still says one here. So that, uh, shows you something There's something strange going on here. What's going on is someone is absorbing price here, um, or these, uh, market orders With hidden liquidity. Okay, so you look at the liquidity here is is for one Right and this number that catches that detail here This four or there is an iceberg detector here in the indicators And then it it shows me here Okay, so this little number here is showing me that uh, there was liquidity here that wasn't in the limit order book That was absorbing these market buy orders Okay, they're on the sell side. Okay. This is an iceberg order. All right, so I don't want to get into that right now because That's a more advanced and we can we can cover that in the advanced webinar if you guys like but Or ask me questions, uh, you know, if you have questions about the iceberg detector, uh, we can go we can go through it Uh, right now though, let's just stick with the, um, aggressive type of volume that we're showing here With the green and red dots So we have an understanding of where it took place and then notice how as I zoom out Okay, we just visually aggregate this data Okay, and we give you the overall shape of it with this pie display Okay, we still have the volume of this dot which is 718 and the majority of it about, you know, less than two-thirds Is uh is aggressive buying. Okay, we know that Okay, and we also know that there was an iceberg up here. So they were being those aggressive buys were being absorbed All right, so that's what the volume is showing us here. Uh, and, um This is the kind of insight and transparency, uh, that we can see now this microstructural area within, uh, uh, this this five minute period here Um is showing us something that you're not going to get within a footprint chart Okay, that's because we can zoom in and we can show you every single detail here Uh the footprint chart which I like the footprint charts. I think they're great Uh, however, I don't like the way that they just aggregate the data. Okay I like seeing that this is trapped volume down here. I understand it. I see the microstructure I see a break of the microstructure right here at this area here at, um 51 43 And then I see the aggressive buying coming in Okay, they're lifting the offer up into these new ranges. Okay, and um, uh, that's uh, uh, where we see A new move take place Where do we return back to? Exactly that point where we found the buyers. Okay, these buyers are tested again Okay sellers right here. They they hit the bid pretty hard right down into that area and then they dried up Okay, so let's look at this five minute candlestick here. This actually looks like Uh, you would think that uh, there's there's a ton of selling pressure up here Well, there is some here But there's more buying pressure over here Right, so, uh, you might be getting some wrong or making a wrong decision based on the candlestick chart and reading That the wick and the body here Incorrectly Okay, we can see that the there's a lot of selling but then they they stopped right down here We can zoom in here and we can find out exactly what happened Okay, look at this little area here We see the the amount of selling hitting the bid here is is minimal All right And then we kind of go sideways for a bit And then the aggressive buyers come in at this point right here. Okay, lift the offer a tick And then they they have control at that point. Okay moving on up. Okay Okay, and another this the same phenomena So, you know, something happened here, uh, not sure exactly if it was if it's news related or or or not But you can see the the very sharp drop here and we return right back to that area as well Okay, and then it retest it and the dryers. I mean the the buyers kind of dry up here At that point and we just kind of go sideways Okay, so we're getting a lot of insight by understanding The volume And the structure Okay All right, so let's take off the candlesticks now because they're just kind of getting in the way And um, let's uh, so now you can see Exactly what occurred here at these price levels Okay, and look look where we we came back down several times here Okay, and retested these buyers Okay And some selling here looks pretty good that we might get some continuation now But we had it's pretty choppy. I mean we get one more rotation back up and then the sellers here finally Uh continue to hit the bid and we go to a lower low Okay, and we actually trade down below All of this price activity here All right, so pretty significant, uh a move here in fact a move started here Okay, and the microstructure but more macro view you can see the volume pick up right down here to pull price down Okay to get down below the low All right, so a lot of insight by just looking at the volume and understanding the volume now that's half of the picture Okay, it's a it's an important part of the picture Uh, but the other side of it is understanding where traders are offering and bidding Okay, it's an auction. So we want to understand that auction Usually the way we we understand that is is to access the depth of market the dome Okay, that's where these columns come in in handy over here the current order book right here This is your depth of market and book map Okay, you see best bid and offer right here Okay, and you see the depth on the offer and the depth on the bid Okay, here's our price ladder, uh, and then in this window here is the same thing. This is the current market Uh best bid and offer right now and this number is the last traded volume Okay, so uh Now the current uh market condition in the dome, uh, you know, it just is displayed well Okay, we see all the liquidity here and then we see these numbers change. They're changing all day long It's it's traders lining up Uh providing liquidity at these levels um That uh, you know, they want to be buyers at these levels and sellers up at these levels Okay, so we can start to understand the auction All right problem with the dome is that this is although a good, uh view of the current market condition We have no idea about the historical Okay, what about these areas before were they here before how long did they pull Where did they pull to did they add below or above? What about on the offer? How did they behave? Well, that's where book map solves this issue with the heat map Okay, I'll turn the heat map on and now we have an understanding. So in this current market window, uh, you can see the Areas of high liquidity here represented by the The heat map the grayscale heat map Okay, and we're seeing um them bidding uh here pretty aggressively uh right underneath price right now Okay, but they're adding and pulling pretty quickly too So we're getting kind of a feel for it. Do they really want to trade here or not? And um, uh, it's um Uh, you know, it's it's kind of uh, not not so obvious at the moment. They are staying here Let's zoom in a little bit more Okay, and they showed interest here before okay, we tested into it as well and they stayed here Okay, so they're showing some interest, but they're also pulling and adding quite a bit And where are they where are they adding it to one tick below? Okay, so um Now you can see that uh, the sellers didn't didn't take them on and here come the aggressive buyers. Okay to the top of this micro range All right, and then we're finding responsive sellers up here. Okay Uh at the top of this micro range. This is where they're they're providing the equity. They want to be sellers Okay, something's gonna occur here and this this range is going to get broken and we'll find out who the who's the uh The winner in uh in this battle Okay, looks like it's uh Pretty good, uh right now for the moment for the buyers Okay, because look at them bidding up here. Okay. Now we see aggressive buying. Okay pulling price, uh price up Okay out of this micro range Uh, and let's see if they come up and provide higher liquidity up here at this, um 42 level Okay And then we have a new trading range All right So you can see that that happened really quickly. We've been seeing these really quick moves in oil all week long But um, this is what we go through in the advanced order flow Uh webinar and uh, you guys have the link to it and I'll paste it in again here. So there you go It's in the chat Uh, here they come at at 41. They're supporting price here. So, uh, we'll we'll see If uh, we accept and if we do we're gonna come up and test uh 51 50 the half figure up here Okay All right, um So The the dome, okay, and the understanding the um the liquidity here, uh in the auction Okay Now as I zoom out since we take this current window here with the heat map We and we record it we transpose it onto the chart here and we see the auction Okay, previously this wasn't available You were not able to see these areas here Where they were bidding and offering and how they were behaving. Well now it's all documented historically Okay, so we know uh now that uh, there was a reaction down here, uh, and um You know, it wasn't the the the most this wasn't really the the clearest They did stay here and they did add a little bit lower and then they pulled now Okay, look at look at where they pulled and added to okay up at a higher level Okay, it's probably the same actors Because uh when they pulled from here they added up above All right, so uh now we're starting to understand not only the liquidity and the bid and and how they're behaving We're also starting to comprehend the players here as well Okay, that these are probably the same players Okay, so we're starting to identify some of the larger players and what they're doing in this market Okay, this offers tremendous transparency into the market and allows you to make more informed trading decisions Okay target is 51 50 All right, why because that's where the liquidity is Okay, so um, anyway, uh, I hope that hope that's helpful for you The uh Advanced webinar it starts in about five minutes. Let me know if you have any questions here Let's see. All right Yeah, okay, so Overall, this is why I know that You know, this looks like There's a lot of data. Well, there is a lot of data here, but it looks very complex and it's really not Okay, uh to just end up here And conclude to say that what we're showing here is historical best bid and offer The volume on it And and then the Record here History of the limit order book the dome and that's it Okay, now we do have a lot of proprietary indicators at the advanced package and there is a Acumative volume delta sub chart here as well We have automated strategies Here that I can show you that If you guys are interested these are for Understanding the order flow here or it reacts these these strategies React to the order flow And we can go we can go through these maybe in the next next webinar if you guys have some questions Okay, all right. So where's price? We're just about one tick away from that 51 50 and You know, we were just going through that process Okay, and we were understanding the the the volume the structure and this is the the bid here Okay, how are they we're starting to behave? All right, and we were at this area here Well, we well it was actually right here where we started to note it And we note that they started to pull it away here and broke the structure See nice little pullback to that area and then and then the continuation Okay, and they supported price up underneath here as well Okay, so we have broken out of this microstructural range and have extended Just to tick away here from that half figure. Okay Looks like we're about to test it now though. Yeah, now we're at it. Okay, so now it's testing it Okay, so it's no crystal ball. It's just going through understanding the context of the commitment of the traders Okay with their uh, uh with their transactions and then understanding the uh, the limit order book Okay, and the intent of these traders at these levels All right All right guys. Well, let's wrap it up and um, you have the link there I'll paste it in one more time if you guys some of you guys came late here There you go and we'll see you in the in the next webinar in just a couple minutes. Okay All right guys. Bye. Bye