 Welcome to the Bookmap Platform Details webinar on Monday, October 16th. This is Bruce at Bookmap. Risk disclaimer, trading equities and futures involves substantial risk of loss and it's not suitable for all investors. Past performance is not indicative of future results. For more information, go to bookmap.com. There's a 14-day free trial. Not only do you get the product for 14 days to try it out, but you also get access to more content. The live order flow, advanced analysis, which is at 11 a.m. Eastern time, so in about 27 minutes or so. The educational course as well as other video snippets, that content that we generate. The idea here is for new traders to ask questions about the platform, get up and running with the platform, understand what Bookmap is, what is displaying, and then get into very specific order flow details and how to utilize Bookmap in that environment and to hone your skills within that environment. Okay, let's see here. If you want to give Bookmap a try, come up to the homepage here. Let's click on Explore. There are three intro videos here for those of you who are new. I might want to watch those. They're very short and then just keep scrolling down here. Go through some of the advantages using Bookmap. What is displaying? Bookmap for equities here, which is excellent data feed. Connectivity. We are not a data provider. You will need one of these data providers to be able to connect Bookmap to the futures markets. Or you can use the DevExperts, which we offer as well, via Bookmap. You can just ask us about that if you're interested. That gives you NASDAQ total view. That's equities. Scroll down a little bit further. Pricing. There's the basic, advanced, and quant. There's really only one version of Bookmap. That's Bookmap Basic. The other plans that you see here are different features. They all offer a 14-day trial period here. For quant, just click here and learn more. For connecting your own data and your own proprietary indicators and order, Q estimation, etc. Much more integrated within the way that your quantitative analysis is using your own data sets, etc. The basic version gives you the heat map and all the functionality except what you get with the advanced here is you get the ability to trade from the Bookmap chart. Then you have access to these proprietary indicators that we developed for order book analysis, historical, and current to understand what's really going on in the order flow. They're not your typical stochastics, or MACD, or RSI. They're much more specific, like looking for iceberg orders, understanding the larger players where they are positioning themselves, and understanding order book and volume and balances. That's that. Let's see here other things. Social media, you can follow us here on Twitter at bookmap underscore pro, and then you can subscribe to our YouTube page here. For those of you who are new, I would suggest going through the features and components videos just to understand what Bookmap is, what it's showing you, and then some of these order flow video snippets, very concise. Just go through some of the phenomena that Bookmap uncovers. This is the advantage, and this is what we go through in detail in the advanced analysis live webinars that are at 11 Eastern time. Understanding absorption, exhaustion, flip of the order book, shifts in order flow, and rejections and breakdowns in price and returns back into the mean, etc. Understanding all of this data here, and what it means in Bookmap. In this webinar, we're going to go through some of the features and components, but really what Bookmap is showing you, and then you can be able to take advantage of what it's showing you when you get into some of the order flow phenomena. Let's take a look at Bookmap. Let's take a look first what's moving today. Don't really see a lot here. We've been looking at the NASDAQ oil just to see what is out there moving. I guess we can take a look at the NASDAQ. We see some bind down here at 6104. Let's stick with that. I'm going to zoom all the way out. Here we have Bookmap, and here is our 930 Open. You can see all of the volume that took place here, the price action, and this heat map. For a lot of new traders, this looks like a very foreign chart. It's really not. It's really pretty straightforward. All we're showing here is very objective and quite simple. All we're showing is historical best bid and offer. Here's your best bid and offer current right here in this window. We've just recorded it. We're projecting it on the chart. Then we're showing the volume where it traded on the historical best bid and offer. Then we're also showing you where they're bidding and offering in the book. When you look at a dome, and this is your dome here in Bookmap, the current order book, when you look at this dome, you see the depth of market, which is good. We want to understand what's going on in the current order book where they're bidding and offering. It offers a lot of insight into the auction, but we're just taking that data and projecting it on the chart historically. That's it. We're really looking at just three things here. Let me further explain and show you how we're doing this and the significance that it has. Let's zoom out here and we're going to look at a candlestick chart. We're all familiar looking at candlesticks. We're going to turn it into a five-minute chart. I have a new version of Bookmap and we won't get into the details right now. Here is your typical candlestick chart. We can see here the open-high-low close of each five-minute position. That's basically all the candlestick chart is showing you. Open-high-low close of a five-minute period. We do have a volume sub-chart down here and it's showing you where the volume spikes are in that five-minute period. That's not very much transparency into the market. We have no idea where the majority of the volume traded. We want to understand that. We want to understand microstructures in here and how the volume related to it. It gives us tremendous insight to what's going on with price and anticipating the future price movement. For a simple example, just the traded volume. On this candlestick, where did it trade? We have a sub-chart but we have no idea within this five-minute period where that volume traded. We have no idea not only where it traded, how much and where, and then what type of volume. Was it aggressive buying or selling? That's all lacking here. That's where we can start to add in some layers here of information. We can solve this issue and offer a lot more transparency. The first layer I'm going to show is just this historical best bid and offer. I really like this view. I think this view already shows us quite a bit of information. Within that five-minute period that just aggregates and moves back and forth, we're showing you microstructural details here. We're showing you exactly what happened. Up in this area, I can already see it here, that we moved up into the high of the range. We broke out of a small range here. We channeled for a little bit and then we broke down. We get a retest to where we broke from right here and we broke down further. Now we made a new low for the cash session. We get a retest back to where we broke from in the bigger range and we break down further. Now price is accepting down below this area. You really can't see that here in the candlestick chart. You don't know and you don't know especially the commitment of these traders within this period here. This is really the key period. A few of these periods are really key to understand. That's the kind of transparency we want to understand. This is what allows us much more informed trading decisions. That's just looking at the historical best bid and offer and already seeing a lot of detail. Now we turn on the volume. The green dot is an aggressive market buy order and red dot is an aggressive market sell order. We're using aggressor classification. I'm going to zoom in here and explain it a little bit further. Just with a really simple example. We can just look at this little range right here. Here is a dot on this is your historical best offer. This is your historical best bid. That's it. These dots are trades that took place on the historical best bid or offer. That's it. We can use the hover over tool here or the data tip tool. It tells us the date, the time, what was on the ask here, and what was the volume. There it is. Volume of three. On the ask there was 30 at that time. Now we have on the ask there's 27. Another volume of three. An aggressive market buy order. They crossed the spread. They took liquidity off of the best offer. It's just how the market trades. It's how it works. Here's an aggressive market sell. They hit the market sell button, took liquidity off of the best bid. Now as I zoom out though, note how we're aggregating all that information and data together. We give you the overall delta. Although as I zoomed in here and we can continue to zoom in and see every single piece of detail down to the nanosecond level. Billions of seconds. We're showing you everything. As I zoom back out, note. Now we're down at the millisecond level or microsecond level. We're showing you all of this detail because this is important detail. Understanding how these markets trade algorithmically. We're not trading off that time frame. As I zoom back out, we aggregate it just visually. We put it into a bigger green dot and you understand this is for volume overall of 57. As I continue to zoom out, we note how just graphically we're aggregating that data into a pie chart. We can see that there was some selling in here too. But not a lot. It was mostly buying. The overall volume was 86. That's what the pie display is showing you. That's what the volume is showing you. We're not trading off of the nanosecond levels. Unless you're looking for how your automated strategy performed and you want to see exactly where it's getting filled and how it performed. For most of us, we're looking at bigger pictures. We can see it here. We're giving you that overall shape of the volume and you understand what's going on up here. This is where the order flow changed over. It actually changed over here. We see more aggressive selling at a lower low or at the lows here. We return back up and we see volume that traded up here. Not quite as much compared to these other areas. This is giving us insight to a possible shift in the order flow. Another nice little cluster down here of aggressive selling. Look at the retest up here and look at the bind that occurred up here. This is where we see a distinction. Again, more aggressive selling at a lower low here below the range. We do get another retest right here and very little buying. Sellers are in control now. We've noticed the shift in the order flow. We get another retest again and lack of buyers. We're not coming back up into this range. The buyers are not interested. This is now we have price discovery. It's looking for balance. It's looking for an area that is accepted. It is trying to find that and sellers are completely in control here. You can see exactly what occurred here. Look at this candlestick here and look at the aggressive selling. I imagine we'll get a retest to where we broke from right here in this area. Almost. Here we did. That's currently what's going on in this market. You can see this is where the break happened and we have accepted below that break. This candlestick chart is not showing us any of that data. You would have no clue or understanding of any of what I just covered. It's a level of transparency that is really lacking in the candlestick chart. Furthermore, it's just very objective information. Transactions that occurred in the market. What type, how much and where. That's it. There's no indicator. There's nothing else to how to interpret the context of it is important. That's what we do in the advanced analysis webinar. I'm getting into a little bit of it here. Let's turn off the candlesticks. Let's just look at historical best bid and offer and where the transactions took place. Now we have an understanding. We know who's in control here. We're starting to see maybe a little bit of shift in that too. We see aggressive buying up in this area here. We get a retest. We don't make a low or low. We should see more selling down here. This is your cluster, but it's not as indicative as some of these other areas as we make lower lows. Anyway, we're just going sideways at the moment. We have volume on both sides of the range here. Understanding the volume is an important part, but there is a lot more. We want to understand the auction because it is an auction. We want to understand the price on the price ladder here. If we look over, if I zoom in just a little bit more. We can look at the depth of market. This is your dome in Bookmap. We can see the traders lined up to offer liquidity here on the offer. Then here they are on the bid. These are people with their limit orders. This is where they want to deal. They want to buy down at these levels. Sellers, they want to sell up here at these levels. We want to understand that auction. It's important to understand how many people are there. We also want to understand if they're real or if they're going to pull. We can make that distinction here in Bookmap. Anyway, what we do is we take these numeric values and note how they're always changing. When they change, that data is lost. We don't know what the previous area of liquidity was. Where were they on the bid before? I don't know. That data is gone. I have to remember where they were interested in buying. I imagine it's probably going to be down around the swing. Let's turn on the heat map. This is where it gets interesting in Bookmap. We record this data here. We use the heat map in the current market window here. You can see the heat map, which is just a reflection of the liquidity. Areas of high liquidity, this 61-12 area, has 103 contracts. It's bright white. Note these other areas. They're adding and pulling liquidity here when you see the heat map change. Those changes are recorded to the left of this vertical white line. Let's zoom in here. You can note these striations in the heat map. This is the adding and pulling of liquidity. Let's use this data tip tool again and we'll hover over these areas. Here is dark 72 contracts. It got brighter 79. Over here where it gets brighter yet, 87. In some of these areas, 89, 84. That's the adding and pulling of liquidity. That's what it looks like here in Bookmap. What this allows us to do is understand if they have intent to trade up here in some of these areas. We can see they start to pull as price comes up and they add as soon as price goes away. At 61-11.5 area, do they have intent to trade? The answer at the moment is no, because they keep on adding and pulling. At 61-12 though, it looks like they want to trade. They're staying in the book. They pulled some here, but they added right back in. They've been here for a longer period of time and they're showing higher liquidity. Now we can also start to read the intent of these traders. That's what we do in the next webinar. Put context to this auction. Understand this auction. Just like going to an auction. Anyway, that's what Bookmap is showing you. Starting to comprehend the context of the auction and the transactions where they're taking place. Putting that together, we have a full picture of the current and historical state of the market. What's nice about this is that if you look in the dome, you really have to be focused in here on the dome. You're going to see these numbers changing. You'll have to remember these areas. Since Bookmap records it all, we can zoom out and look on a much higher time frame since 9.30 am. We can start to understand and piece this together. Look at them here on the bid. Pretty high liquidity. Big transaction took place. We bounce for a little bit and then we trade through. It looks to me like they're starting to absorb down in these areas here. We're going to see some absorption here as well. Responsive buyers are probably trying to trade it back in here. Maybe they flip out in this area here. They got it wrong. Now maybe we have the potential to come back up into the range here. We will see. We'd be looking for some clues to that. This is factual information, understanding the auction. What we need to see is these guys here at 6112. They're going to start to pull some of that liquidity and add it up higher. They're already starting to do some of that. We want to see them on the bid here. They're going to raise the bid because they want to be buyers at a higher area. Right now we're channeling between those two areas of very high liquidity. 6104 and 6112. We can see there's all sorts of other algorithmic activity within this area. I've used the contrast configurations here to lessen the effect here. We can see all the details in the order flow in the auction here. That's noise for me the way that I'm looking at it right now. I want to filter that out. I just want to look at some of the higher areas of liquidity. I want the bigger picture, understanding of that limit order book. The dome. Now I'm using the dome in context here on a much higher time frame. That's what the historical depth of market here in Bookmap allows you to do. Anyway, let's wrap it up. Call it a day. For those of you who are in trial or current customers, it's great to see a lot of you guys in the room here. It's really nice that you're here in the Bookmap Basics. Ask questions about what's going on in the platform. Then we take that further into the live analysis. Nothing about the platform, but much more about the order flow. Thanks for coming. We'll see you tomorrow.