 All right, so welcome to the Bookmap platform details. The risk disclaimer, trading equities and futures involve substantial risk of loss is not suitable for all investors. Past performance is not indicative of future results. So find out more about Bookmap at bookmap.com. And if you become a member there, you get access to a lot of the free resources there. And you can always reach out to us at support at bookmap.com. OK, so let me show you the website. And come here and let's click on Explore. There's some intro videos here that just go, they're very short. But go over what Bookmap is showing you. So you might want to start with those. And then let's come down to the Pricing tab. So you guys understand what you're getting here. There's two versions of Bookmap. There's the basic and there's the advanced. 49 per month and 99 per month, they are billed quarterly. But you get a 14 day trial period with either of them. So I would recommend going with the advanced. And then if you don't like all the add-ons, then that's the distinction between the two. These add-on indicators and the ability to trade from the chart, which is a significant advantage. If you don't like all that, you don't need all that, then you can just go with the basic. And you won't get another trial, but you've at least tried the advanced and then go with the basic. Let's see here. So the other two products you see here is the basic and advanced with the DX feed. All this is, is just a package deal with DX feed. Now DX feed is only for US equities. It's a special that we have. We're not a broker, but we partnered with somebody who offers access to US equities. For those of you in the know, it is with NASDAQ TotalView and also NASDAQ Lastrade. So if you have the basic or advanced version, you can still get DX feed. You'll just subscribe as an add-on. And it costs, I think, $10 more a month. So you get a small discount with the package deal. But this is more exclusive here for the equities guys. OK, let's see. John already has a question. Is there a futures data feed and bookmark package that you do? No. OK, let me go over that. You will need to have a data provider. These are the methods you can connect. Some of the brokers or broker partners as well as data providers. So stage 5 trading, you can connect with many different ways with them. They offer many of these connections. There's CQG, Rhythmic, Gain Capital, or OEC data through Ninja 7 and or 8 goes through the API. Now, Bookmap is a platform. So we're just like Ninja Trader or TT or Trading Technologies. But we can also connect through the API of Ninja Trading Technologies and also interactive brokers here through their Trader Workstation. Otherwise, just like you connect your Ninja or your TT, you will go through a data provider like Rhythmic or CQG or Gain Capital or IQ Feed or Transact. And we offer all of those, and you can go directly into Bookmap that way. And then this is DevExperts and NASDAQ here for connecting to the DX feed that I mentioned. There's also Trativate, which is a web-based. And they also offer a connection with CQG desktop version of Bookmap as well. So you have that flexibility with the web version. The web version is this a little bit different product. The desktop version has more features. Yeah, there's a lot more stuff going on with the desktop version. All right, so that is the connection methods. And you will need to have that, all right? OK, just some other resources, and then we'll get right into Bookmap. So you can follow us here on Twitter to get up-to-date information. And just information here, you can see some tweets about Apple from just 30 minutes ago. So I would recommend following us here, and you'll get most up-to-date information here about Bookmap. You can also subscribe to our YouTube channel so you'll get the most up-to-date information when a new video is uploaded. So on our YouTube channel, and for the new guys here, let's just take it really slow. So I would watch this intro video and then start to watch some of these, like the Bookmap 6.0 overview. There's a playlist here, features and components. And just start to understand what Bookmap is through all the various features. And then just start with a couple of these order flow video snippets, just two to three, and start to understand what Bookmap is showing you. And these are concise videos that go through phenomena that we see here during these webinars. There's also an educational course here that this is about education. It's not exclusive to just Bookmap, but obviously we show Bookmap to very visually demonstrate order flow. But anyway, that will help you understand these markets today, and you can also view the recorded webinars here. All right. OK, well, let's jump into Bookmap and what is it showing me. Let me zoom out a little bit. And we'll take a look at oil. These summer months, there's a lot of back and forth. And we want something, maybe it has a little more volatility in it. And all right, so I'm going to start off here. And we're just going to start with a very simple chart. And I'm going to take layers of data off of Bookmap. And let's see here. I think I've got just a one-minute chart. Yeah, let's go with a five-minute chart. OK, and let's zoom out. OK, so what you're looking at here in Bookmap is a five-minute chart. It's a candlestick chart. We're all very accustomed to looking at a candlestick chart. If you're not, it's very simple. These are a five-minute period here represented by this candlestick. And it's open, high, low, and close of that period. You can start to read the speed of that period. You can start to read maybe buying pressure, selling pressure with the wicks, or lack of that, et cetera. So there's a lot of good information here. However, there's a problem here. And the problem is that there's a lot of information it is not giving you. And we're making financial decisions based on a lack of knowledge here on candlestick chart. So there is the volume column here, or subchart, that we have that shows the volume that took place on these candlesticks. And that's helpful. Now we're starting to understand a little bit more of what's going on. But we still don't know where that volume took place, how much, and what type within that five-minute period. So lots of information just in the volume alone that we have no clue whatsoever by looking at this candlestick chart. And we're going to be making pretty unenformed trading decisions without knowing that. So I'm going to start to layer on some information here. And we'll just look at the best bid and offer. And let me zoom in a little bit. So now all I have here on the chart is the best bid and offer, historical here. So we can see this candlestick here, this period. Let me zoom in a little bit further. Richard, yes, I recall very well. I was looking for you in the webinar here. And we're going to go over some of the columns data here. I need to go over the beginning here, though, of what you're looking at. And then we'll get to the columns data. All right. And maybe we'll get into the delta more if you want to come to the advanced webinar. The link there is in the chat. I'll put it in again. There you have it. So you can come in another 15 or 16 minutes to the beginning of that webinar. And we'll go into more detailed analysis. But what you're looking at is that historical best bid and offer. Now we're already seeing microstructure just by looking at this. You do not see that, this little double bottom here in this candlestick at all. That information is not recorded. So that is already helpful. But let's put on the volume. Now we're understanding where the volume and the traders are committed within this area, within this five minute period. And we can see very clearly where they are. The big volume dots here are showing us that. So we understand that we're using the aggressor classification of volume. And let me zoom in to this big dot here. And I'll show you. We can see all sorts of data and microstructure information here. So if I continue to zoom in. So I just want to show you the, let's just find something kind of easy and clear. Historical best bid and offer. A green dot represents a market buy that takes liquidity off of the best offer. And a red dot here represents an aggressive market sell that takes liquidity off of the best bid. And you can see that if I zoom into, for example, this dot here, I'm just using a hand tool in my center mouse wheel to scroll in, look how Bookmap captures all of this data. I guess that's about it. But you can see that we start to split apart every single transaction. It's all recorded here in Bookmap. So now I know we're not trading at these millisecond levels here or microsecond levels. But to understand where you're getting filled and what's going on in the market, well, this can be helpful for debriefing or for your algorithmic trading if you're trading automated strategies. As I zoom out, we've just visually aggregated this dot into a bigger red dot so you understand the overall. And we can use the rollover tool here to give us exactly what happened here. So we get the date, the time, what was on the bid at that price level, and then the volume that traded. So as I zoom out, we continue to aggregate visually and graphically. And we can see here now, the majority here was selling. So that's the volume. And that is giving us a lot more insight here. Look at the five minute period. We can understand this is going to be trapped volume because all of these sellers buying the breakdown here, or selling the breakdown here, as soon as this goes up and goes above this little microstructural range here, these guys are in panic. They're probably going to be looking to the weakest hands. They'll have their stock probably in this area. Next level up here. And let's see if we get up there. Yes, we do. And there's be a nice little level up here if we can get up there. And do we? Took a little while. No, we didn't. So sellers remained in control of that area here. And we can see the result of that control that they have. We make a new low. So anyway, we're starting to understand a lot more detail here of what's going on. Now you can combine that with your candlestick. That's good. But now we'll get to the dome. And I've got to move here pretty quickly because we'll start the next webinar shortly. So you guys all have access to it, though. So we will stop this one and then use that link for the next one, though, all right? OK, so now knowing that the volume where it traded and what type, who the players and their commitment is very, very important, all right? We finally got our breach up here. Next target would be up here maybe at the figure around 50, all right? And but we still don't know about the auction. Where were they bidding and offering within this process here? And that's usually where we go to a dome, OK? Most of us are very accustomed to looking at a dome and it's here in Bookmap. It's the COB column, OK? You right click here and you can format these columns, OK? And you can show bars, bars and numbers, numbers only. I like bars only for this one. And then this one I like to have as numbers and split out, OK? So now I can see the depth here on the bid and the depth here on the offer. These are traders lining up, providing liquidity to buy at these levels down here and to sell at these levels here. This is good information. This is the current state of the market, OK? So we can understand, wow, there's a lot of people that want to buy down here at maybe 49.75 and the majority of the sellers up here, you know, around this 87 level or so, all right? However, there's a problem here with this as well. And this data is fleeting. As soon as these numbers change, that information is gone. And you're going to have to remember all of that. And it gets rather tedious to remember all of that. And that's where Bookmap solves the problem with the heat map, OK? So this window is the current market window. You see your best bid and offer in real time here. Last traded volume is this number. And now you have this heat map gray scale that shows you a graphical representation of the liquidity here, OK? So when you see it get brighter, then there's more liquidity that's being added into the book. If you see these areas get darker, they're pulling, OK? Where it gets interesting is this live window here, we record that data, and then we transpose it onto the chart, all right? So now you have a history of that auction. And we have some interesting stuff already occurring here. We see a flip of the book clearly. They were here with high liquidity on the offer, and now they flip to the other side on the bid, OK? And we can see that they're getting pretty aggressive here on the offer up above as well, OK, before the figure. So what does it mean if liquidity gets pulled? It means that they don't want to trade. Just think about the auction model, OK? You want to be a buyer in an auction at a specific price for an automobile, OK? And what if price starts to come down toward you, and you're like, hmm, I don't really want to be a buyer now here. I want to be a buyer at a lower price. I don't think this is as worth as much as I previously thought. I'll just pull my bid, and then I'll bid at a lower level, and that's what this represents here, OK? And you can see the striations represent that, all right? Now we can start to gain the context of these auctioneers, OK, or participants. All right, the columns data. There are many different bookmap columns that we have, all right? Let me just widen this out a little bit, all right? So maybe that's a little too wide. So what you're looking at here, and a lot of domes have this, they have volume columns, right? So you can see the kind of volume profile here within the dome, OK? The SVP, we have many different types, OK? It's extensive, and you can continue to add inserting new columns here, OK? And you can make many different columns, OK? Now the CVP, OK? Let's right-click in this column. And you can see that I've got a chart range accumulated volume column. The data type here selected is volume, OK? I can select it for something else as well. There are many different things to look at here, all right? So for example, trades counter. Now I'm not looking at the volume. Now I'm looking at the number of trades, OK? Events that took place at these price levels, OK? Now the CTC is the chart range trades counter. The chart range is for this viewable range here, all right? And if I zoom out, that range changes, and it's reflected here in the column. If I zoom in, the same thing, all right? You can see how similar volume and trades counter are. It's interesting stuff. Now let's remove one of those columns. We'll just hide it, and we can hide another one here. Or you play around with these, pick the different types of data. Now if I change this into session range, OK? SVP, which I have over here, this gives me the volume column since when I opened up Bookmap, OK? So it's not only exclusive to this chart range, all right? OK, Richard, I know that was quick. You have any other questions on that? On the, well, let me go over one more thing here. A lot of traders, volume profiles are good. But you can see we have both aggressors here accounted for within the volume column composite. Well, since we have it, we can split it out. So we just format this column, OK? So you right-click in the column, choose Format, and then let's split out the data here. Play around with some of these, OK? There's a VWAP line as well. You can just show the bid volume or the ask volume. But or play around with bars and numbers. It's up to you, OK? Now we can also split it out, OK? Now I've got the aggressor, and I can compare one to the other. So I'm looking for a momentum. Now I can also right-click in here, and a lot of traders really like resetting this data, OK? There are, you can reset it now. You can have a double-click reset in that column. So just if I double-click really quickly, you can see I just reset it. OK, let's go back. And then other resets, you can have a reset scheduled, OK? For every single period, for a number of minutes, hours, or seconds, or at a specific time. So you can have it reset at like 9.30, or let's say 9 o'clock for oil, at the cache open, all right? There is a conditional reset here as well. But maybe we'll go over that another time. All right, let's see. Other questions, Peter. Yeah, you can make them more transparent. What you can do with the candlesticks, OK? Peter's asking about configuring those candlesticks. So click on candlesticks. And then you can play with the body width right here, OK? You can make it bigger or smaller. I think 30 is the default. And then you just have the time period here, all right? So that's basically some of the features that you have there, all right? OK, let's see. So Richard, if there's no liquidity at $49.90, does that cause price to go higher or lower, typically? $49.90, OK. Richard, what you're asking about here is starting to delve into kind of deeper discussion about the context and behavior of the participants in the auction, all right? And getting a little more into maybe even shorter term liquidity versus higher longer term liquidity, all right? And how it works with each other. You can see here that longer term liquidity is, you know, you can see them. They stayed in the book here. Then they flipped. Now they're here at $76, all right? They're also up here at $50. And there's really no surprise there, because it's the figure here. And but look at this high liquidity here, very high number of contracts available on the bid and they'll offer, but it's shorter term. It's only in here for a little bit, OK? You can see how it affects price, all right? So these are either, there's many players here, but there's a lot more algorithmic activity between, channeling between, the higher longer term liquidity in general, in general, all right? So and Richard, I think your question about liquidity is going to be multi-tiered, all right? So just because there is no liquidity up here at $49.90, it doesn't mean that but it just means that there's, you know, they pulled or there's 158 contracts here, but there's more here at $85 right now, right? And it's aggressive too, because they're very close to the best bid and offer, all right? And you can see how it's working. Let me take the candlestick off at this point, all right? And the buyers here, the liquidity's here. The auction is going on, it's a battle. And, you know, the sellers are saying, like, I want to sell. I'm aggressive, I want to be a seller. And the buyers here, well, they can take them on and they can just press the Market Buy button and try to sweep the book to the upside, OK? Take all of that liquidity. Look at these players, though. Now we have this context. They were in here with high liquidity and they pulled, OK? So did they have the intent to trade here? And the answer is no, OK? Because they pulled the liquidity, all right? It's pretty straightforward. And but now we're starting to understand some of these players and the context within a structure, a lot of different things. And, you know, starting to understand the pressure in the market. Now think about, see, higher term liquidity come in these areas. It skews the auction, OK? All of a sudden there's massive demand or there's massive supply. And price will respond to that. And that's, you know, basically how any auction is going to work, all right? Let's see here. OK, we've got to go here. We've got two questions that I can go through quickly. So if the liquidity remains for the sellers, typically happens as price drops. It's contextual. Richard, it's more complex. And come to the next one and we're going to read the liquidity and the context, all right? And this is one thing that is important to say here is that just because there's high liquidity, it just means there are a lot of contracts available, OK? It doesn't mean that the buyers or sellers can't take them on, OK? It just, we want to understand the context of those buyers and sellers, though. And that's what we want to read, OK? It's not a binary indicator here. This is the marketplace. And this is the market unfolding here in front of us. So we want to understand that context. And that's the key here, all right? Market-making algos is the shorter, high-term liquidity. Yes, Francisco, I mean, you can see it working very, very, very simply right here. Anyway, guys, let's end this up. And we'll see you in the next one, all right? So here is the link. And join me in the next webinar and also for tomorrow, all right? OK, see you there.