 Okay, welcome to the book map platform details webinar. This is Bruce at book map 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 book map calm. There is a free 14-day trial. It comes with education and That would be the book map educational course The advanced order flow webinars Those start in about 25 minutes directly after this one And then other educational resources as well. Okay, so that's what you get as a bundle with the 14-day free trial You will need to to sign up and then and then you'll have access to all of that. Okay? any questions you can reach this at support at book map calm and Let's take a look at book map calm here And just go through the website quickly Okay, we just click on explore up here. It drops us down into the intro video here of book map You can just watch this. It's about a minute long. It just goes through Some of the features and components in book map Then there's the about Section here and just some of the benefits the features etc You can click on the link to try right now the some testimonials There's book map for us equities using NASDAQ total view. Okay, so you have features and equities and soon In beginning of 2018 we will have crypto currencies as well. Okay, so platform continues to Get more and more diverse and interesting as we as we continue to develop here All right, so you will need a data provider. Okay, we are a software platform Okay, just like a Ninja trader or TT X-Trader Pro or interactive brokers now we connect to the API of these three different platforms as well However, we are a platform just like them So you can connect directly to your data provider using CQG rhythmic gain capital IQ feed Transact and then and then the dev experts here for NASDAQ. Okay All right now if you need a free trial of The data a data feed then you can click right here Just scroll down a little bit into the pricing area or free trial area. Okay So here is the the pricing and the details on the 14-day free trial of book map basic or advanced Now there's really only one version of book map is book map basic. Okay, it's 49 per month and it's billed quarterly You get the 14-day free trial But there's also the advanced version and the difference Between the two are these these add-ons here. Okay more functionality. So for example being able to click The one click trading right from the book map chart Okay, large lot tracker looking for larger players identifying them in the order flow Book and balance and volume and balance. Okay iceberg detector being able to detect Larger players using iceberg or hidden orders and a correlation tracker Okay, now if you're a quant and you have very specific needs most of them do Connecting your own data or proprietary indicators. You can click here and learn more and ask us questions if you want a full Comparison chart you can click here. This will take you to a Well, let's just go there A chart here and it shows what the are the differences between these these features here Okay, and you scroll down to the bottom and you'll see more of the difference here. All right social media. You can follow us here on Twitter at bookmap underscore pro And then you can also That's for the most kind of updated information about what's going on in bookmap and then There's our youtube page here that you can subscribe to And any new videos that are uploaded then you get you can be alerted when those are uploaded Okay, so let's just go through quickly the youtube page There's these intro videos that good place to start After that maybe go through some of these features of components understand what you're looking at in bookmap And then finally these order flow video snippets we go through two to three minutes of the order flow phenomena that bookmap Uncovers with our visualization. So Anyway, you might want to watch some of these. This this is the kind of conceptual Information that we go over In the advanced order flow webinars. Okay, and we we go through them in detail. Okay, these are very concise Just a couple minutes instead All right, so let's take a look at bookmap. All right So first off, I just want to get a bigger picture view of what's going on here and there's not a lot going on Oil seems to be moving so let's let's take a look at oil All right, we'll we'll go to crude oil and and take a look here Okay, or we can look at the NASDAQ if you like or we can look at a stock as well. Okay, here's tesla for example and Some really interesting things in these equities Charts you can see exactly when they started to pile in and provide liquidity at some of these levels at 930 And you can see that how they act like magnets price goes right to them A lot that longer term liquidity stays in the book. Okay Let's take a look at the crude chart and see what this looks like Okay All right Yeah, we can stick with crude. I think that's fine So that that seems to be moving pretty well, we're down below the 58 figure here now, you know, I know that A lot of you are new here to bookmap so that said You're looking at this chart might might look very foreign to you. Okay It's actually very simple market data It's simpler than most charts that are out there Those that have some sort of bar or rotation Or aggregation just like a simple candlestick chart a five-minute candlestick chart Is more complex than what you're looking at here That concept of it Is more complex. This is a very direct and blunt view of the market Um and um is very very transparent. Uh, so There's basically three things on this chart That are being displayed here. One is the historical best bid and offer Next is the volume on that historical best bid and offer with these dots Okay, and then outside of the the traded action you're looking at here in this heat map this grayscale is the um The historical, uh auction. Okay, where they were bidding and offering That's that's it. That's all we're looking at here. All right, so Uh, it's actually really transparent information and i'm actually going to use the candlesticks to Uh And then we're going to layer on this information and i'm going to show you What it is bookmap is is uh displaying and how It offers levels of transparency that other charts simply do not Okay, um, so let's look at this five minute candlestick chart. We can see it here uh, and um All right, so it's just five minute uh of five minutes of price action within a bar. Okay open high low and close Four data points within five minutes. That's all you're getting here. All right. There's so much more detail just There's microstructure that happened in here that is all aggregated within the bar So you have no clue about some of that microstructure And uh, let's turn that on. Okay, so we're going to be able to see that by just looking at the historical best bid and offer Okay, so um, uh, for example, uh, look at these uh, some of these areas in here There's a nice little pullback here. Okay, um, and um Or uh, you can see some of the buying pressure in the wicks down here But really what occurred down here. Okay, we can get into some of the details in the microstructure, which is is really, uh, Important right here in this area at 57 65 Okay, we don't really see that in the bar here. The candlestick chart is showing you well We closed above the uh, the previous uh open here That is that does have a bear or a bullish slant to it And then that seems to be accepting above it. Um, you know candlestick chart, uh Strategy would say that go long here put your stop down here and then look for Oh, I don't know what your target might be. Um Maybe the the high of this bar or 58 the figure up here. All right, which isn't it's not a bad strategy It's just not as well informed as it could be Um, there's so much more going on here that is going to give you insight to making a very informed trading decision Okay, so we'll go through the microstructure in a bit, uh, but the next level of information here I'm going to turn on is the volume. Okay, because that's critical to understand the transactions and where they took place okay, so We can start to see now on that historical best bid and offer these volume dots And we know exactly where the volume traded where you don't know in the candlestick chart Okay, and that's the problem so For example this this area down here. We're we're seeing a shift in the order flow. All right And we can see it clearly just with the volume dots. Okay. Look at the volume dots on the way down. Okay, we see Well, there's there's buying in here as well. There's no question But there's more selling than there is buying especially in this in this move to the downside. Okay, uh, and um We can see it. We know exactly where let's zoom in just a little bit more okay now so each vertical dotted line here is five minutes of data between the two but the volume we have no clue where that volume took place here on the On the candlestick So I mean you might see here in the wick. Well, what comprises that wick? Okay That's going to allow for a lot more insight to what's going on with price. Okay, and we're making financial trading decisions Uh, just by kind of guessing at this candlestick wick Okay, and uh, and that is not uh Good for making clear financial decisions All right, so, uh, let's go through it. All right, so the um, We can understand now that the majority of the volume took place at a lower area down here. Okay, so on the move back up What we're actually seeing uh, and you can see it here in the volume dots in this little area here As you're starting to see, um more, uh Well less buying activity Okay, so this is a uh, uh A low volume pullback From the buy side, you know, so I mean you don't see a lot of buying here Okay, and uh, so what do we do? Well, you know, it kind of exhausts out here Okay, and then and then you see the move uh back down to lower lows So we are making lower lows consecutive lower lows Okay, that shift in that order flow occurs here and you can see it very clearly Okay, we see that we made a lower low and then uh, and then right in this little area this little microstructural area right here is broken Okay, and uh, and then you can see the buyer step in Okay, and where do they go? Well, here's the high Of this little structural area here now. I'm going to take the candlesticks off. I think they're just getting in the way here Um, it's this swing here that I'm interested in okay because now you can see that we're making We're making higher highs Okay, and we're making higher lows now too Right and we can see that There's still there's aggressive selling down here, but we see the shift in the volume here Right and very very clear here and we're just looking at the traded volume Okay, uh and the historical best bid and offer and that we're already seeing a lot of a lot of insight Right now let's zoom into these areas here, uh and uh understand them a bit a bit better Okay, now note as I start to zoom in Okay, that uh, uh, we're I'm starting to pull apart the timeline. Okay. I'm I'm uh getting into deeper and deeper into lower time frames and um That starts to pull apart All of this trading activity that's here because bookmap doesn't aggregate any of this data Okay, so for example, look at this. Uh, this is an aggregation just visually or graphically of this big dot here About half of it was selling and half of it was buying But if I zoom into this area, I'm going to split it all apart and I'm going to show you exactly what occurred here Okay, so we're looking at now Uh, is every single market event that took place Okay, bookmap has a complex event processor that can handle all of these data points So what we're looking at here is the green line is the historical best bid and the red is the historical best offer These transactions or these dots that you see here. These are uh, it's volume that traded on the uh on the best offer Okay, now we're using the aggressor classification of volume Okay, a red dot signifies a market sell someone hit the market sell button They cross the spread they paid up for it by, uh crossing that spread and They they took liquidity Off of the best offer. Okay. They didn't provide liquidity So for those reasons we consider the aggressor Okay, and then you can see here these green dots down here and those are market buys Okay, so opposite Okay, but um And you can note though when I start to zoom back out Okay, and we we're looking at well, let's zoom in again We're looking at uh, you know, we can go down to nanosecond level basically and I can show you every single transaction that took place here in bookmap or in the market and um, so finally, uh, we get down into some of these levels here, uh, and uh, now we're now we're down at looking at billions of seconds So you can see like, uh, exactly What has been recorded here? Uh, and um, but as I zoom back out Okay, note that these trades they're and I'm compressing that timeline and I compress it into It becomes one bigger dot here Okay, so if I zoom in again, I'm going to split it apart Okay, and I can use this hover or this data tip tool here and it can show me exactly what traded here So this this was you can see the date the time what was on the ask and the volume here Okay, this was for volume of two This one here is for volume of three Okay, so that's what occurred here, but as I zoom back out Okay, note how I've compressed it into uh show a volume of five All right, so that's um how bookmap handles this data Um visually or just graphically with an aggregation Okay, but it's it's just just doing it graphically all the data is still there And we give you the overall shape of it if I continue to zoom out And I compress all of these dots together. It becomes one big dot that shows buying and selling However, the the pie display here Is showing me the overall shape and delta Of the volume and it shows about you know, two thirds of this is aggressive buying and about a third is aggressive selling Okay, and so that's what we're showing here in bookmap. Okay, very simple and Transparent data and we're showing everything Of really how it all occurred Okay, and we can see the best bid and offer the spreads that took place, etc Now as I zoom back out Okay We're we're still we're kind of compressing that timeline and gives me this overall shape here And I understand now that there there is a shift in the order flow Okay, just by looking at the volume All right, and and here's our swing here that we just went above Okay, so technically uh in this in this view here. We see a trend reversal All right And we can see it initiated here Okay, so for example in the advanced order flow webinars one of the strategies we look for Is a very simple one Here's where the aggressor took took charge. Here's a beautiful pullback to where they initiated That that buying Okay, and look at the selling down here very little Okay, this is a great entry point All right, uh, anyway, um Now we we've looked at the order flow here Uh, but we've only looked at um, I just The the volume and the historical best bid and offer that's it Okay What about the current market? Okay, what's going on with the current market? Well to understand that We can see it here. Okay, and in this window here We have the best bid and offer right now and this number. It's the last traded volume To the right of that you see my price ladder. Okay for crude every five Cents I have it I can change that to every cent the you know if you if you like It's up to you. Um, I I like to uh to see, um If I zoom in then you get every cent. All right I like to see every five five cents. That's what I prefer. So I'll every five ticks. I'll show a number All right, just makes it a little clearer for me. So it's up to you. Um, all right, so, um That's what's going on with the current market here. Okay, and um For us to understand though the next level of Order flow is we want to understand where they're bidding and offering in this marketplace and we're we Digest that or consume that information Uh with a dome. Okay, and this is the dome and book map the cob column current order book All right, so here's the price. Okay best bid and offer right here as you can see This is the depth here on the bid and this is the depth here on the offer These are traders lined up providing liquidity All right, they want to be sellers up here at these specific price levels. They want to be buyers down at these levels Okay, now these numbers change all the time When they change The previous data is now lost. Okay, what was it previously? And that uh is a problem with looking at a dome So you can only really narrow in on very specific current data within a dome and and You would have to remember and write down or just memorize specific areas what the what the activity around that area was like Were they adding were they pulling? Uh, what was it like an hour ago? Okay All of these uh questions cannot be answered by looking at the current market Okay, but it can if we look at it historically and that's where book map solves this issue Okay, we do it with the heat map All right. So in this window here, which is the current market window Okay, this is a graphical dome. It's showing me, uh, the these levels of high liquidity by painting it bright white Okay, if it's a little bit grayer, it's less liquidity. So it's just a gray scale But I can understand now where the buyers and sellers are very quickly I can see them here at 5880 here at at 75 Uh, or 77. I'm sorry, uh, and then up here at at 94 And also at 91 Okay, these are areas of higher liquidity So I can start to gauge and understand that by just looking at this this window here Where it gets really interesting though is we take this data and then we plot it on the chart historically Okay, and the game really begins at that point because now I can understand this the behavior of this of these traders at this price level As price is coming down. They got cold feet here at 5880 or 5780 Okay, they pulled their liquidity. You got darker And actually they pulled it and went a tick lower and then even those guys pulled as well So do they have the intent to trade here? We can answer that question and no, they don't They're they're not willing to trade. Uh, they pulled the liquidity. They jump right back in And then maybe they'll think about it again if price comes back down here But right now we we know that their their behavior is uh Or their intent is not to trade here Okay, a couple of cents lower though. We can see that at the 77 level They've been in here and they want to trade 213 contracts and we we even dipped into the area back here as you can see Okay, the best bid dipped into it No transactions took place. It looks like However, uh, they stayed in the book All right, so these guys just three cents lower Had the intent to trade Hey, they stayed in the book. They're waiting in line to trade Okay, now if we got to really answer that question if we come down a little bit lower All right, and we test these guys and we'll see but now we can start to read Not only this one price level. What about the areas around it? How are they behaving? Um, are they pulling? Are they adding in in front of it? Or are they, you know pulling and adding below it? That gives us gives us a lot of insight to the possibility of trading in this area here Okay All right a few questions here. Let me get to those before We uh, we wrap up Can we replicate the dome? Order flow in the dome on a heat map. How can we replicate order flow in the dome on the heat map? Uh, not really sure what you mean, Michael. Um, I mean, it's it's being replicated now There's different filters that you will use. Um here using the This tool over here automatic contrast configurations Okay, and you can, you know, play around with this to Um highlight specific areas of Liquidity and and get rid of some of the noise around it instead So if you're only interested in really bright areas or If you're interested in all areas Right, you can also do that So, uh, that's uh, that one's up to you. Um find to find something that kind of works for you And gives insight That helps your trading strategies Let's see, uh edson. Um Oh, thanks edson. Um And let's see you're going to increase Oh, um, I don't know um about that with uh with sato. Um, and um, what's going on there? Um, I'll have to have to get back to you on that Okay This is for uh, uh brazil market And uh, yeah, I'm not really sure some of the details that you're asking about there All of these features here george are in the, um, the basic except for, uh, uh, Yeah, everything that you see here is in the basic. Okay What you get in the advanced let me show you. I mean also this this, um, sub chart here You also get in the, um In the basic, okay, this this sub chart is showing the cumulative volume delta All right the, um Um, what you get though with the uh the advanced package, um is uh all of these add-on indicators like you can see this little number here Okay, the green number this is showing me hidden liquidity Okay, this is the iceberg detector This white line here actually that that actually comes with the um book map advanced as well is and i'm sorry So that wasn't correct. Uh the little white line here is showing large lot tracker so larger players providing um substantial amount of liquidity at some of these levels and these, um Order book and balance indicators up here book and volume and balance Okay, all of those are part of the book map advanced As well as the one-click trading okay being able to trade from the book map chart All right, this is a significant advantage Because you can start to place your orders Uh within the liquidity heat map. So if you wanted to be a buyer in front of these guys Uh, you know, then uh, you can just move your order right there. Okay, and this is going to help you get filled before they get filled All right, or let's say this is your your uh your stop Okay, you can place your stop below areas of high liquidity. So they have to trade through these guys first to get to your orders All right So anyway all sorts of good stuff, uh with the one-click trading and some of the other add-ons All right, well, uh, let's call it a day. We'll wrap it up And uh, if you're registered for the uh for the next webinar, I'll see you there. Okay. Thanks. Take care