 Welcome to the bookmap platform details webinar. This is Bruce at bookmap risk disclaimer trading equities and futures involves substantial Risk of loss 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 trial of the product. It's for 14 days and it comes with education So you get the bookmap educational course You get access to the bookmap advanced order flow webinars that start in about half hour And then there's other resources as well so if you have any questions you can reach out at support at bookmap.com and Let's take a look at the website here and quickly go over it Okay up at the top here The website click on explore and there there's a quick intro video here. There's a couple minutes long Okay, and then we'll scroll down here Sign up for the free webinar here, which I imagine you guys did and Just a about book map the the platform benefits, you know what it is and Then a little bit further down book map for equities. It's not just for futures and soon We're also going to have it for cryptocurrencies Okay, so a lot of interesting developments on the way Have a new version book map 7 coming out soon probably mid-January and Has many new features that I think you guys will really enjoy All right, so this is the connection to the NASDAQ total view All of us equities and then connectivity to futures markers. Okay. This is how you connect book map so CQG rhythmic gain capital IQ feed transact dev experts for the US equities and then these three here TTX trader pro a ninja trader and Interactive brokers trader workstation We connect via the API of these platforms Okay, so you will That's how you'll connect your book map there if you want Else book map is a platform just like these platforms. So you just connect it directly to your data feed. All right let further down pricing information and The 14-day free trial here 49 per month for book map basic 99 For the book map advanced at the build quarterly You get that 14-day free trial the difference between the two are the add-ons Okay, add-on package here the ability to trade right from the book map chart as well as this package here of Order flow add-ons that very specific proprietary indicators we developed Like the large lot tracker spots larger players in the in the order book. We have an algorithm that's able to See that a larger player is holding the majority of the liquidity there Okay, there's a volume and balance book and balance iceberg detector again larger players using iceberg orders To to disguise their position. They don't want to show all of their limit orders in the limit order book All right And a correlation tracker as well Okay, quants you can reach out to us here You know, you're gonna have your own specific needs connecting your own data and proprietary indicators All right book map partners you can see here And and then you can contact us here. Okay right social media you can follow us on Twitter at book map underscore pro and Subscribe to our YouTube channel Okay, if you're coming to our YouTube channel and you're looking for some more information I would Recommend starting with the intro videos. I get a feel for what book map is and then some of the features and components in book map Just some of the basics And then the order flow video snippets. This is where the rubber meets the road These are very concise and short videos that just go through order flow phenomena that we go through in detail in the live Advanced order flow webinars. Okay, so this these are some of the Things that we we can see and uncover with using book map All right, so let's jump into book map and take a look. I think we'll look at maybe crude oil today Tomorrow we have inventories. So maybe we'll get some movement there Yeah, let's do that. I mean, I don't see a big range here in the in the NASDAQ so let's take a look at some of Of the crude oil here. All right nice level of high liquidity up here between 5810 and 15 Okay, so and For those of you who are new here Well, what am I pointing to why why am I looking at this area up here? Well, there's a lot of liquidity up here Okay, so what does that mean? We're mostly You know very unaccustomed to looking at liquidity in the in the historical Book here. Okay, we record all of the limit order book information. Okay, so this looks really complex It's it's really straightforward stuff It's the the visual display here is showing three items historical best bid and offer Okay The volume on the historical best bid and offer with these volume dots and then we're showing you the The order book Activity that's been recorded and plotted onto the chart. Okay, that's it Right. So I know this looks complex. It looks very advanced. It's actually not it's giving you a very objective and clear view of market activity Right, and I'm going to demo that as we do every day here By using something actually is more complex than what we're showing here in book map And that's a candlestick chart Although it's going to look a lot simpler here. It's actually more complex in nature Okay, because there's a concept here that It's a bar and within a time frame all of this activity is Aggregated within this one bar Okay, and we start to read the bar to understand what's going on with price and price action and we know that you know kind of a shooting star or You know this this kind of candle with a long wick on the top is showing selling pressure or maybe it's a lack of Bind okay, but we don't know that And this is the problem that we have with candlestick charts You're just kind of reading the the tea leaves here and putting it together All right, we don't have transparency We don't know what happened within this five-minute time frame We have we have no clue of where the volume traded here. I did it trade up here Did it trade down here? Did it trade somewhere in the middle? You know, what is there more aggressive buying or was there aggressive selling and and How much? So The where when and how basically And that's the problem here with this candlestick chart Okay, and to make financial decisions are much more informed financial decisions We just need to know that data. All right, and that's where bookmap can help now The first problem with this candlestick chart Is that the the time is aggregated within a five-minute bar? Okay, so you don't have any clue of what you know Where did maybe maybe there's all sorts of price activity between this bar and this bar here? Down here and then all of a sudden it broke up really quickly at the last minute of this candle Okay, or I should say in this area here, and then it broke up really quickly. All right We don't know that right. We don't see any any of that Here we just know that there was a lot of buying or looks like there was a lot of buying here Or all we know is that there was a sharp move to the upside basically All right But we're gonna be able to show show that just by a very simple Display here of the Historical best bid and offer Okay, so the historical best bid and offer Already gives us a lot of insight to a lot of structure that is Within that candle that we just don't see Okay, so for example, I mean I can already see it here Let's click on the move tool hover over this area, and then you might use my center mouse wheel and I'll zoom in okay, and So already There's all sorts of things in here that we're completely missing in this candlestick chart. We have no clue There is a microstructural range. Okay, it's broken here over here comes back down and then we'll get into this candle here And then and then we have another microstructural structural range here Okay, it's broken here at the start of the start of this candle Okay, and look at these little pullbacks right to where we broke from here Okay, we're probably gonna see some exhaustion at least on this area here We're not gonna see a lot of aggressive selling. All right We're probably gonna see a lot of buying either initiate here or especially up in here Okay, we're gonna see big green dots probably around this area here. All right, and it's pulling price up And I'm I'm speculating right now. I don't know right. So let's figure it out We're just looking at microstructure and it's in how much detail We can understand just from that But let's find out with the volume. All right So yeah, here we go. All right. So in fact the initiated buying what it started here Okay, and look at the selling down here. Okay, we were looking for exhaustion at least on the on this little retest here it's also a Lack of or not much Selling here compared to the buying. Okay, so buyers are coming in here. All right. It's pulling the market higher Okay, these are aggressive Market buys. Okay. So what do I mean by that? Let's zoom in here? Okay, so I'm gonna zoom in and I'm just gonna show you historical best bid and offer here All right, we're gonna get into some of the details of really what we're showing All right. Well, first thing here is the the green line here is your historical best offer. Okay, that's it Historical best bid is the red line Now these dots are transactions that take place on the historical best bid and offer Okay, a green dot is a market buy someone hit the market buy button. They took liquidity And we'll just zoom over here or hover over here. There are 61 contracts here. All right, and We can see that here in the COB column. Okay, if I hover over the dot It also tells me 61 column or we get the date the time and then on the ask there's 61 contracts Okay at this price level and then this trade here this trade event was for a volume of four All right, we know that that's fact Okay, so you if you want the numeric values you can get them, right? but We're just showing it graphically here. Now this this this four Contracts that traded actually may be this was continue to zoom in here and really find out. Yeah, okay So we're down at microsecond level here and we can see that It's still for volume of four. So looks to me like this was one trade event. Okay, and we can still get that data We can know exactly By adding a new column here, and then we're going to turn that into a trades counter Here's our data one trade event for volume of four. Okay, that's what happened right here Okay, so we have all of that data and we're down at we can go down further and now we're at Nanosecond level, so we're looking at billions of seconds here. Okay, we're showing every single market event And although we don't trade at those levels You know, we're we're still displaying it. Okay now as we zoom out Okay, and I'm zooming out and I'm compressing that timeline and we're going to see all these other trade events start to show up here Okay, here are our market sells on the on the best offer. Okay, so I'm gonna hit the market sell button Okay, so price was up here and then it went down here for for in sold down for a bit and then it went back up here All right, so that's what happened in this in this activity here and That's just the basics here now. We don't trade off of these really low time frames Okay, so when we zoom out though note how I'm compressing all those all that trade activity into larger dots So if I hover over a dot it gives me the date the time what was on the bid here and the volume All right, so 78 contracts traded here now looking at this pie display. There's so many events that took place here That we give you the overall shape of it with the pie display So we can see about two-thirds of that is mostly it's mostly buying. Hey aggressive buying and and some aggressive selling All right, and here's what happened. They lifted the offer. Okay, there was more buying than there was selling Okay, so that's what we're showing you here in bookmap now as they zoom out We're just aggregating visually and graphically that trade data into larger dots Okay, and that's that's how we display the volume here, so we understand now really what took place here Okay, and we understand that we broke out of this microstructural level right here Hey, we also we also broke out of it here as you can see right Okay, we came back down and tested the bottom of the range And we came back up and we broke out of the range again of this range here Retests and then the aggressive buyers stepped in again here. Okay, and we're making higher highs All right, that's the kind of detail and understanding of true market events that took place here that bookmap is showing you All right, so And that's the kind of insight that leads to much more informed trading decisions Okay, and you know if we just look at this candlestick chart, you really wouldn't know all right, so Anyway, that's just the volume and let's turn off the candles Okay, and the volume is helpful. This is true Traditionally order flows looking at the tape. Okay the volume that traded. It's kind of like a you know What you're looking at here is kind of like a horizontal Time and sales going by All right But so now we know where the where the traders are executing their trades So where exactly when and how much and what type of trader? All right, so all that data is here for us Now we want to there's still another part here That's really important to understand in the marketplace and that is where they're bidding and offering All right now traditionally the way we access and consume that data Is through the dome right we can see in the depth of market here All right where traders are lining up to to offer above price here And on the bid down in these areas here Okay, so why is this important? Well, it's important to know the auction What's going on in the auction where where is their buying pressure and selling pressure? How long are they here for do they mean business? How much depth is there behind each of these? I mean that you can see there's some pressure here at 58 like a hundred 150 hundred seventeen hundred twenty three contracts. Okay, it's more more buying pressure than there is selling pressure At the moment sellers are up here at 5810 right the majority of them Okay, they're starting to show a little action here at 05 now these numbers change all day long and when they change We'd have to remember those areas and what What occurred there because when they change it that that information is lost and that's where bookmap solves that issue because we record it Okay, we turn that information into a heat map here in this window Okay, this is current best bid and offer and Here look at the high liquidity up here. All right, so in the heat map the We can see that there is a High liquidity up here in these areas And these are where traders want to sell. Okay, the majority of the traders here in the book All right, and on the bid they're down here at 91 all right, so Where this gets interesting now you'll see this the heat map will change Okay, it changes to reflect what what occurs here in the dome Right now where this really gets pretty interesting is we take that information and it's recorded and transposed onto the chart here historically So now we can understand Like these striations here is is the adding and pulling of liquidity Okay at these levels and we can start to understand the context of the auction a bigger picture view of the Historical auction that gives us a lot of insight to the intent of these traders at these areas Okay, so now we can start to read that auction and this is a Really Important piece that we're not accustomed to to accessing because we can see here When I when we first started this webinar immediately noted up here very high liquidity up in this level Okay, well look look how that's affected price Okay, the buyers trade started to trade into this area here Okay at 5810 as we can see But they didn't take them on You know, there's a lot of liquidity and the buyers just shied away sellers took control here Okay, they broke out of a little structure here. We have a nice little retest to that structural area And then they continue to hit the bid All right So that this is how we can start to gauge on a much bigger level We're able to utilize this this information from the dome Okay, not just the current market, but the historical market a big distinction there between the two and start to gauge the intent to traders and where there might be kind of Well, I mean just where they're really interested in selling and where they're really interested in buying We're also able to make a distinction by their activity if they have intent to trade or not Okay, so I mean just by understanding this looking at this here You can see that we've already had like a 30 cent move. Okay down to where where where do we go? 91 Okay, why do we go to 91 because that's where the buyers were Okay, now the buyers are down here the majority of them Down at 5780 Yeah, Edson. Yeah, we can trade from the chart here There's a book map one-click trading that comes with the book map advanced Okay So you can trade right from the chart This is a really beneficial Feature here And why is that because let's say, you know, we want to get we want to get involved in this market Well here at 58 the figure. There's pretty high the quitty, right? 231 contracts. Well, let's I'll just place my sell order up here. Hey one tick away from it Okay, because you know, I want to get filled before these guys All right now you can you know move these orders around as well as you can see You can add to them as well so we can turn it into you know more or you know less contracts move them around and Cancel them etc. There's all sorts of things we can do here. All right, you can add OCO orders bracketed orders trailing stops etc Okay Also too, I mean Well as well I should say Let's say that, you know, you got involved in the market on the short side up here Well, where would you place your stop? Well, you know, you'd probably be pretty pretty You know smart to Place behind this high liquidity here okay, anyway, you can see how this trade is working out nicely and It's gonna get interesting down at this little swing here and see if Maybe a lot of these sellers Maybe we'll go through it a little bit hit some stops down in these areas here And then we'll see buyers start to come in And maybe trade back up into the range here So kind of and starting to anticipate a pullback to be honest right now maybe to around this 95 level All right, because you can see the initiative selling here yet again Okay And this is a pretty pretty nice move straight down From what 88 From like oh four to 88 Okay, all right now there's so many other features here the the one-click trading is quite a nice one Edson I think If you're interested in Trading from the chart, there's there's also some API. We have an API here there's some automated strategies that are are here and For example the chase and escape we can use this And I just want to demo this here, and I'm gonna make make the settings a little a little Crazy just to demo this Okay But so I have a buy here in a cell here. Okay, and basically I Have chase and escape on which and the two strategies the way they work is If if the market starts to move away from my buy it will this this buy order will chase okay by A couple of ticks Okay Now the escape strategy is if if the market comes down to my order here But I don't have high liquidity behind me Okay, then escape away Okay, don't I Don't want to to get filled here. Okay, so you can see it just escaped right here. Okay by a tick All right, and there it goes again, okay, so you can see how this is working So why I don't want to be I don't want to be on the buy side unless there's other buyers here with high liquidity Okay, so this this worked really nicely. You can see How it came down into this area here. Okay now now look at this look at the book just got We what we saw there was just a spoof. All right, so the book just got built out and They showed very high liquidity on four levels here and then they pulled it all at all at the same time So some some player there You know was Maybe they're trying to get price to move back up into this 95 level looking for that pullback that we were talking about earlier Okay All right, so you can see the chase and escape strategy is working here on both both sides of the market now all you have to do if you want to get filled is Make the You know play around with some of the settings here, right? It's it's pretty straightforward stuff but you know look for a less percentage behind me and then I'll you know This won't escape it will stay there in the market and then But I want it to escape for now. Okay, so I just for just for the demo purpose And this these work in real time too. So if I You know click to one here You'll see that it immediately moves like it'll it'll chase by one tick. All right Anyway, that's part of the book map With you get though you get with the one-click trading as well Okay, so just optimizing your entries and your exits in trade management Okay All right Let's let's cancel all and I'll take these strategies off and we'll close up the one-click trading here Okay Okay, so yeah, we saw nice move to the downside, but yeah looking at you know this area here for a little bit of covering on The on the sell side and then maybe buyers will start to step in at least back up to this 95 level and then here They are you know in the book as you can see Anyway, let's let's wrap it up. We'll call it a day if you want to access the some of the Advanced order flow webinars in the book map educational course You'll have to give the book map a try for the 14 days it comes with it So you could you get that education along with a trial of the product and that's a really important part because there's a lot you know to to digest and understand here and But the insights here are incredible to really really understand how the how the markets move and You know based on the volume and based on the book All right. All right guys. Well, thanks for coming and we will catch up with you Tomorrow. All right. Take care. Yep. Bye. Bye