 Okay, so let's get the recording started. 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. There is a free 14-day trial that comes with education. What you get is the platform and then you also get the bookmap access to the Bookmap Educational Course as well as access to the advanced order flow webinars. And those start in about a half hour. Those go through not the platform details like this webinar and basics in order flow. The advanced order flow goes through more advanced concepts and understanding not so much the platform, but what's going on in the market and how bookmap is visualizing that for you, which lends to an advantage with your trading. So making a distinction between the two. This is more nuts and bolts, whereas the other webinar is more about understanding the markets using this tool. Okay, you also get access to other resources and you can reach out to us at support at bookmap.com. Let's go to bookmap.com and just quickly go through the website here for you. Just scroll down here. There's a original or initially here, the about page and intro video a couple of minutes long. And then just some information here about bookmap in general. As we scroll down, there is bookmap for equities. It's not just for futures and soon it will also be for cryptocurrencies. So there's a new version of bookmap coming out shortly. It will be mid January and it has all sorts of new features. So I don't even know what they all are. I have seen colored heatmap that gives a nice advantage as well as some changes to the dome and trading from the dome as well as access to cryptocurrencies. Okay, so all sorts of new features and anyway, I expect that in about a month and NASDAQ total view, okay? So you can connect to US equities using the DX feed. It's an excellent feed and these are the other ways of connecting bookmap, all right? So traditionally through the futures markets, okay? So we are trading platform, okay? Just like Ninja Trader, TT, XTrader Pro and Interactive Brokers Traders Workstation, okay? These are platforms as well but we do connect to the API of these platforms. However, bookmap is a platform just like they are. So you can just input your credentials for your CQG, data stream or rhythmic or gain capital or IQ feed or transact and get access to the markets directly in bookmap, okay? All right, so here's that free trial I mentioned it's 14 days for a bookmap basic or advanced. Let me just go through it here. The bookmap basic is $49 per month. It's billed quarterly. A bookmap advance is 99 per month billed quarterly, 14 day trial period for either or and the difference though between the two is primarily these add-ons, okay? So one of them is the one-click trading right from the bookmap chart which is a significant advantage. You can see all of your orders, your trading behavior and you've got the liquidity heat map in front of you so you can manage all of your trading through it. For example, front run high liquidity on an entry or your stop loss, you can hide behind high liquidity. Okay, and then there's these proprietary indicators we put together, the large lot tracker and iceberg detector for example, we're not only identifying areas of large liquidity and volume, but we're identifying specific players, okay? Who are some of the larger players and how they are behaving in those markets. We also have a correlation tracker down here with different markets and some imbalance indicators here as you can see. All right, quants you'll have specific needs so reach out to us for connecting your own data feed or proprietary indicators, et cetera. If you do need, if you're new here and you need a data feed as well, you're new to the futures or equities markets then you can click here and you can get a free data feed for a trial as well. So you can combine that free trial from the data provider with bookmap free trial, okay? There's a complete list here if you wanna see the breakdown. Okay, the other resources here, you can follow us on Twitter at bookmap underscore pro and get the latest information here. And then you can also subscribe to our YouTube channel and just to briefly go through it, there's some intro videos here in this playlist if you click here, futures and components playlist here for going through all the different features in bookmap, understanding them and the user interface. And then the bookmap order flow videos, okay? These are very short videos but they go through some very important concepts in the order flow that bookmap can visualize for you. And this is where you get the advantage using bookmap. And this is the kind of content that we go through in the advanced order flow webinars when you're in trial or current subscribing, currently subscribing. So these are the concepts but we go through it in detail in the live markets. So you can extrapolate this data here, our information to the live markets, right? Well, let's go to bookmap and look at the live markets. We'll go to the NASDAQ and although we have a big poll back here in the NASDAQ bigger picture, we're still in an uptrend and accepting above a specific level. So let's take a look here. See this is gold, let's jump to the NASDAQ and take a look. Okay, and let me zoom out here. All right. Good morning, Guido. You're welcome for the reply. And let's see here. Okay, so for those of you who are new, looking at this, you're probably looking at a chart that looks, I mean, there's a lot of, looks like there's a lot of data and it's very complex. It's really not. It's very straightforward and blunt to be quite frank. We have an indicator sub-panel down here, okay? Which is, you know, we're all accustomed to our indicators. What we're showing in this bookmap chart is really simple stuff. It's three elements, historical best bid and offer, volume that traded on that historical best bid and offer, and then this grayscale heat map that you see here that will be colored here in the near future. It is showing you the historical view of the limit order book, okay, the dome. Okay, taking the dome data where they're bidding and offering and we're just projecting that onto the chart. So just three elements here is what we're looking at. So let me close up the indicator sub-panel and let me, I'm gonna turn on a candlestick chart. Okay, and I wanna show you the differences here of how these three elements give tremendous insight, okay, in bookmap, okay? So for example, let's just look at this five-minute candlestick chart. Okay, we're all accustomed to the candlestick charts more or less. We understand that this is an aggregate period of five minutes, for example, open, high, low, and close of that five-minute period. There are only four data points here, okay? There's a lot of opaqueness due to that. We don't know, for example, looking at this candlestick here because it's all aggregated within a five-minute period. There's all sorts of microstructures in here, okay? And that microstructure lends to understanding bigger moves and how you might see follow-through to the downside here or this consolidation here, which is now turned into you can see kind of a double bottom. And we wanna see if the buyers start to step in in this area over here or not. All right, so it's obscuring the microstructure, okay? Because it's aggregated within a timeframe, it's a bar. And that's the problem with looking at bars, okay? It could be a volume bar. It also could be a ranko bar, it doesn't matter. You're looking at an aggregate of data. Okay, and we'll solve that issue by just turning on the historical best bid and offer, okay? So here we go. And now we have an understanding of what kind of price action occurred within a five-minute period, okay? So this breakdown right here, for example, let's take a look. I'm gonna click on the hand tool and I'm gonna zoom in here a bit, okay? So here's five-minute period, right? And between this candle and this candle, we can see the price action. We actually see kind of interesting, a little microstructure here broken and then a microstructure here, okay? Come back up and test these areas and it failed. And then look at this, this is where it gets interesting. Okay, there's a little bit of volatility here with the back and forth, as you can see. And then look at the breakdown of this swing here, okay? At around this 87 level, or 88 level, 63, 88, okay? We originally came down, broke down below, but accepted back into this range here and then we broke it again here, okay? We come back and test where we broke from here, okay? This is now accepting lower, okay? It's not coming back up into the range and accepting, okay? And we see the action goes sideways here for a bit and we break to lower lows, okay? So just gaining insight in the microstructure here is all obscured within this aggregate candle view, okay? And that's very easily visualized by just looking at historical best bid and offer, okay? So that's the problem with the candlesticks and this is the kind of insight that you're getting just looking at historical best bid and offer. Now let's turn on the volume because we have no clue looking at the candlestick chart where the volume traded. We have a volume sub chart, okay? But we don't know exactly where the volume traded on this candlestick. We don't know how much and we don't know what type, okay? Aggressive selling or buying and exactly where that took place, where these battles took place. And what even more so is we're gonna gain insight by combining microstructure with the volume, okay? So let's turn on the volume, okay? And here we go, okay? So tremendous insight here. This is the 930 cash open, okay? You see the volume really pick up, okay? And that's always the case here. And then look at the aggressive selling down here, okay? The way that this auctioned off is giving you a lot of clues to continuation to the downside. It's auctioned off very nicely here. Lots of selling to lower lows, okay? Aggressive sellers here are the red dots, okay? That's market sell orders. And the green dot is market buy, okay? Now, if we look at one of the dots here that shows the pie display, it's just showing that there's so many transactions that have taken place here that we give you the overall shape of the volume within that very specific timeframe, okay? So I'm gonna zoom into this little area here and I'll show you what I mean, okay? Just to give you an idea of really what book map is showing you here, okay? So for example, looking at this big dot here, okay? This is a lot of actual market sell orders, okay? For a volume of 34, 34 contracts in total here, right? Melissa, let's see, I got your question here. Oh, we're on the age contract, okay? Yep, yikes. Yeah, okay, that's a problem. Well, we're gonna have to bear with it today since I've got the data here right now. I'll open up a new contract. Oh, not this, jeez. Okay, hold on, let me try that again. Yeah, thanks for that, Melissa. All right, we'll move that over here. Okay, yeah, I was away yesterday and it was not able to, or I forgot about the contract switch over from Friday, okay? So anyway, my apologies for that, it's too bad. Anyway, where were we exactly, okay? We were in this area here and seeing this breakdown, all right? Let's take a look, all right? And let's zoom into this area. And we noticed, for example, this cluster of selling here. So really, when we zoom in, this is exactly what we're showing, okay? It's very simple data. Historical best bid is the green line, historical best offer is the red line, that's it. Okay, it's very, very simple to understand. But we can see so much data in here or get insight to price activity. It's just, it's fantastic. I mean, we can see the spread widen out here and we can see how volume is accepting above specific areas in the microstructure, okay? So anyway, the important part is, so you see this cluster here, this big red dot, okay? That's aggressive market sell orders or contracts. So someone or many traders here, they cross the spread, they hit the market sell button and they took liquidity off of the best offer, okay? Green dot is the opposite. That's an aggressive market buy, okay? And that takes place on the best offers you can see here, okay? Okay, now note how when I zoom in to these areas, note how I'm pulling apart all that trade activity, okay? And we can show you exactly what's occurring here, okay? And we're down at microsecond levels here, okay? So we're looking at millions of seconds, okay? And we know exactly what occurred and what traded. And all of this data here is not aggregated whatsoever. You're getting a very, very objective clear view of the market. Now, as I zoom back out though, I'm compressing the timeline together and I am showing the overall delta of this volume, okay? And for example, let's just zoom back in, all right? So I can use the data tip tool here, hover over this dot and it tells me it's for volume of nine. Well, that was actually broken into many trades as well. And that is for, looks like one trade for a volume of four here. Okay, as I zoom back out though, I compress it all together and it gives me the overall delta here of 34 contracts. We get the date, the time, what was on the bid, and then the volume, all right? So all the data is here, it's just visually or graphically aggregated for you, all right? That's what we're showing here with the volume and the historical best bid and offer. And now if we zoom out, you can see that so many trades took place, we're giving the overall delta here and you know that this is mostly selling down here. Okay, there is some buying as we just saw, but we know that most of it is selling, okay? Combining that with the breakdown of the structure, now we can put this all together and understand that there is selling pressure and we're looking for the higher probability of price discovery to the downside, okay? Now that's just two of the elements that we're looking at here in the book map chart, okay? There is the third element and that is the auction, okay? The heat map, that's happening outside of the traded volume, all right? Let's see, Edson, you have a question here. Good question, does book map update automatically to the next contract? It depends on your data provider and the contract that you are accessing. So for example, if you're looking at CQG, the contract symbol is EP and that's it, right? It will always roll over to the next contract, right? With Rhythmic, you can see the problem, the process I went through to add a new contract, okay? All right. So anyway, so we have these two bits of data here and we're already getting tremendous insight and just a note here for those of you who look at footprint charts, okay? You're seeing where the volume and what type of volume and how much, where exactly it's trading, but you're not getting the microstructure detail, which is critical, okay? Because it's gonna be all aggregated and that's the problem with the footprint charts. So for example, here's our microstructure, okay? And we see the distinction and now we know where the volume's trading within that structure, okay? That, you can see here, here's our five minute bar over here and here, okay? So we lose that, okay? If you're looking at a five minute bar on a footprint chart. Okay, anyway, now let's get into the auction part, okay? So we can zoom out here and we can see that area we just looked at here and understand that looking for a continuation, potential continuation to the downside. Now if I zoom back in here, I wanna show the dome, okay? Cause most of us are very familiar looking at a dome, okay? Let me know if you're not, but the idea or the concepts behind a dome is to understand the auction, where traders are lining up providing liquidity to deal, where they want to deal, okay? So for example, down here at 63.85, there's 89 contracts we can see here and up here there are 99 contracts at 94.5, right? 126 here at 82.5 here on the bid, okay? So understanding these areas of high liquidity, that's where the market are larger traders or there's just a lot of trading interest at those specific levels and the market knows that, okay? So it can act like targets and we wanna understand that data. The problem here with a dome is once these numbers change and you can see them changing, okay? And they update, they're updating very slowly at the moment, but when they change, then that data is lost, okay? It is now a new number and we don't know, unless you memorize it, what the other number was previously and the interest at that level, okay? And that's a problem here that Bookmap solves because we record it, okay? And here we can see in this window here, okay? This is the dome, the graphical dome. They were looking at best bid and offer, right? Current right now and the last traded volume right here. And then you see this heat map, okay? The heat map is a reflection of high liquidity. So if it's really bright for up here at 99 or down here at 85 or I'm sorry, at 94.5 or 85 here, we see these 90 contracts here at this 85 level and it's bright white, okay? So you'll see the heat map change when the numbers change, okay, to reflect those values. So like for example, someone just jumped in here and then they just jumped right back out, right? And where this gets interesting is we take that data and we record it. So this is what it looks like, okay? So note how that jumping in and jumping out right here at 86 and a quarter. So it was low liquidity, then it jumped to high, then they pulled and then they jumped back in. So these striations you see here is liquidity being added and pulled. But what we're starting to understand now because we recorded the historical depth of market is we're starting to understand at larger levels and the behavior of these traders at those levels. Look how they just all pulled right at the same moment right now, okay? Just a second ago, okay? There's a big shift there, okay? Even down here on the bid, okay? And the offer, looks like it really wants to break out to the high side and come up here to higher levels of liquidity, okay? Just based on that shift. And we're not even talking about the volume here, we're just talking about the shift in liquidity that we just witnessed, okay? So why would I anticipate this move to the upside? Okay, well because if the market is looking to trade, it's gonna have to come up to these higher levels now and they're actually starting to skew the auction on the bid here, okay? They're starting to add in at higher levels, okay? So they're kind of chasing price here on the bid side. This is new information for the auction to digest and you can see the reaction. Anyway, getting into the reading of the heat map and the order flow, that's reserved for the next webinar. We can go through the basics and questions that you have but we just saw a skew in the auction and we anticipated the move to the upside here, all right? Just based on that, we're not even the traded volume here and it's looking like a pretty decent breakout at the moment, all right? So anyway, that's the heat map and as I zoom back out, okay? Now it starts to get kind of noisy here, okay? But we can see the bigger picture though. Look at all of this interest here on the sudden on the bid at these higher levels. That's the skew in the auction I just talked about and then they're pulling here and so on the offer, so we're trading at higher levels, okay? Anyway, we're seeing a lot of selling up here too though. So this is another part here. So this is a kind of trappy environment here. We can see sellers starting to jump in. We might come right back down and test where we just broke from, okay? Anyway, that's maybe for another time. Now, when we zoom out though, this is where it gets pretty key to understanding this heat map and utilizing it, okay? And we see kind of a noisy heat map right now. Well, we can still use the historical option to understand these levels of high liquidity by just bringing up or changing the configurations of the contrast in the heat map, okay? So for example, we can just start to target areas of high liquidity, all right? And you can see it, okay? So high liquidity target is up here at, well, we're approaching 6400 the figure, okay? That's why there's a lot of liquidity up here at this level of 98 and I don't know, a half or three quarters or so, all right? And then here they are down on the bid at 86 and a half, right? Notice the high liquidity jumping in here as well, okay? And interest on the bid side, okay? So some interesting stuff to see and putting this all together, we're getting with these basic three elements and we can take the heat map off. I'm sorry, the candlestick off and just start to look at those three elements and understand the context of the order flow and the volume within microstructure and the historical auction, all right? All right, guys, well, let's wrap it up. We'll call it a day and if didn't get to too much of the basics and the order flow, just that one example in the breakout here and example over here as well at 930 or just after 930. But yeah, we can get to maybe that tomorrow and ask questions would be the way to go. Happy to go through it here for you, okay? But understanding the basics is critical first then to move on to the next step, okay? All right, guys, watch these videos here for understanding the order flow context and the video snippets. I think you'll find that really helpful as a starting point, okay? After that, it would be the book map trial. You know, give the trial a try here and then you'll get access to a lot of the educational resources as well, all right? All right, thanks, guys. We'll talk to you tomorrow, bye.