 Okay, welcome to the bookmap platform details webinar Wrist disclaimer trading equities involves and futures involves substantial risk of loss and is not suitable for all investors past performance It's not indicative of future results for more information. Go to bookmap.com become a member you have access to the free resources and then or free trial I should say and Then you can reach out to us at support at bookmap calm. Okay, so The free resources what I'm talking about and becoming a member. You have to be in trial. So that's the the issue And it's a it's a free trial. It's 14 days I think some of you guys looking at the list here of the attendees are already in trial And you're here in the platform details webinar. That's good. We're going to go through this this webinar is open for everybody Okay, the the next webinar that starts in about 26 minutes That webinar goes through the order flow details Okay, it is for people that are already up to speed with the platform details with understanding The the interface what book map is showing them etc but where the Learning really takes place is in the next webinar and that's for either current customers or those in trial Who don't have platform questions or of these relatively few I should say Okay, so this is just an introduction here. We will get into the order flow as well at the end of this webinar But we're just going to show the basics how to get up and running here and and what book map is showing you Okay, and just keep it really simple, but it will get advanced. All right, so All right, let's so so let's let's do that here in fact Let me take a quick look at the candlestick chart higher time frame and Because we just had oil inventories. Yeah, let's go over it. Let's I mean the stock the You know the all indexes have been on just you know on fire at all-time highs yet again, but yeah Let's cover oil. I want to take a look at the Fundamental release and so you guys get a little bit of insight on what that is showing you Or how book map is showing you that okay? Wow, okay big wall of liquidity here As we move up higher on the S&P. Let's take a look at where is my oil? Okay? I'm on the X Oh, I might be a little a little early on the X contract here Okay Yeah, then if that's the case then maybe it is better to to take a look at At the S&P All right, so but here here's the fundamental release right here at 1030. Okay oil inventories I just want to show this because it's really interesting stuff and this is just how these markets work You can see the liquidity here in the heat map. Okay, and I'm gonna cover all this in detail So don't don't worry about that but look how Right before here 10 10 29 and 30 seconds right around here This area here starts to go dark. Okay, they start pulling liquidity here They start pulling some liquidity up in this area here actually some of it remains So they actually pulled up a little bit higher here, but my point is When you pull liquidity well the next trade that's going to take place is where there is liquidity and usually you see just beautiful bounces here between areas of high liquidity on a Fundamental release right depends on the expectations of that release Economic release, but we can see that they pulled liquidity and they started to add back in a little bit later About 20 seconds later to be honest So not much of a release here for at least the X contract and that might be a little early on that one But anyway, you can see they came up in Into this area of high liquidity here at 49 30 or 31 or 2 And remained in the book and they got filled up here. Okay. Anyway, let's move on. Let's take a look at the S&P. All right Okay, here's our 9 30 open down here And I'm going to just simplify this so in answering any questions that you guys have We're going to put a candlestick chart up I'm going to take off all of these other layers of information That book map is showing Okay, we're going to start with the basics. All right, so we're looking at a five-minute candlestick chart Okay in the S&P many We can see the the buying here. We see the tails And the wicks and the bodies here and we can see the breakout to the upside here And then kind of now it's slowing down and we see a little bit of selling pressure starting to come in here But it still has an upward trend going so The candlestick chart is good. I mean, I don't mind it. I don't have anything against it I just think that it lacks a lot of transparency And it certainly does. Let's just be objective about it. There are only four data points here for a five-minute period Open high low and close. That's it We don't have no idea where transactions took place. I mean we have a volume sub chart here But we don't know What kind of volume it was we don't know where that volume took place within this five-minute period We don't have any idea of any sort of microstructure in here And we don't know The size of that volume. Okay, so just to get an understanding of the microstructure I'm going to turn on the first layer of data and that is the historical best bid and offer All right, so now I have a little more clarity here. I can start to understand Little little structures here the sideways structure here And in fact it that that kind of shows relatively well here in the candlestick chart But where does it not? Okay, I would say maybe here we can see that the The structure here is and and also here. Maybe this is even a better example some sideways action We see the tap to the the initial move to the downside and then a nice move to the upside and this structure here, okay is We are now trading and accepting above it Okay, I can put in a horizontal line here in book map and this is what I mean all right and Let's see the the candlestick chart shows some of that, but it does not show the this this type of structure here or the God, you know, it's actually doing not a bad job today. I mean I see nice little areas of consolidation and So yeah, I mean Yeah, and so it's not not so bad today for the candlestick chart However, there's a little areas. Okay, I guess I can I can zoom in here and we can take a look at this Now this is very Microstructural, all right, but we do see it. All right, so let's let's take a look here. Look at this little consolidation range here Okay Okay, if we go across I bring that across as well It kind of Based up here and then we see selling came in okay I mean, I don't see the volume here, but we see it in the move to the downside We came back up and tested this little structural area and just based sideways We did not come back up here again. Okay until buyer stepped in okay, and we're gonna see this with when I turn on the volume Dots, we're gonna see that the the aggressive Buyers okay market market buys came in and pulled price up out of this structural range And we trade into a new structure. Okay, and that new structure is here Okay, let me let me mark it up again It is here All right, this is what lacks in the candlestick chart This is just one aspect. It's kind of muted. We don't really quite see it But here we see the microstructure right now. What about the volume? Where do the transactions take place? This is gonna give us a lot of insight to the order flow Okay, so let's turn on the volume dots and let me turn off the The drawing tools all right here we go okay now we have a very good understanding of what's going on here in terms of the commitment of traders with their transactions In fact, I'm gonna click on the studies configuration button here and these dots. I'm gonna make a little bit smaller All right Okay, what are these dots showing? Okay on the historical best bid and offer a Green dot is showing an aggressive market buy a red dot is showing an aggressive market sell Okay, so let's zoom into let's zoom into this little area. We were looking at before let's click on the hand tool I'm gonna hover over this area and then to zoom in very quickly. I Can just use my center mouse wheel Resonrate it again and then zoom in again All right, and that let's remove all of these drawings here Okay. All right, so here's that little structure here that we were looking at And we can see all of the transactions that took place on the historical best bid and offer Okay, note that there's a pie display here So many transactions took place there was both buying and selling in a big flurry of activity like here Okay, let's zoom into this area here Okay, and I'm gonna show you exactly what took place here. All right, so This is what took place. Look at the aggressive buying here and look at how evenly it is distributed here Okay, most likely algorithmic activity Lifting the offer here. All right, and we can continue to zoom in look at how nicely spaced out it is We're down at the microsecond level this is the Millions of seconds we can continue to zoom in All right, and we can go down into Nanosecond level. There's basically unlimited zoom and book map. Okay, we're showing every single event This trade here. I can use the rollover tool I can hover over it and it and it gives me the date the time down to the nanosecond and then it's also giving me the on the ask the liquidity here 273 contracts at 92 and a quarter and it shows that this trade this transaction Which was a market buy. Okay, they crossed the spread they paid up and Hit the market buy button and took liquidity off of the best offer. I can see over here in my volume column this was for One contract which also I can see here using the data tip tool Okay, so that's an aggressive market buy. That's how we're displaying volume is by the aggressor if I zoom out Okay, and let's look at a cell here here. This is good All right, so this is an aggressive market cell. Okay, they hit the market cell button for volume of one Okay, now as I zoom out You know most of us are not trading at millisecond nanosecond, you know levels whatever But we give you the overall Delta of that flurry of volume that took place So here we can see this mostly aggressive buying All right, we can just see that the pie display I can hover over the dot and it gives me the overall Of that dot it tells me 297 contracts traded here Okay, so that's what we're looking at at the volume and let's put that in the context of the candlestick chart Okay, now we have a clear understanding of what type of volume took place Where let's go zoom into this area again. What type of volume where? and the Exactly when and so within this five-minute candlestick here's our candlestick here okay We can we can see Me zoom in a little bit more. Okay, there. That's a little bit better. So we have one minute between each vertical dotted line We can see exactly what unfolded this candlestick here. Okay, this doji is Is showing me? No volume it doesn't really give you that insight here. We have it Okay, here. We have not only the volume. We have the microstructure Okay, this is a tremendous advantage. Okay, we understand look how they hit the hit the bid here Okay, with the aggressive selling Okay, look up in these little areas up here Okay, as it as it tested and pinged against this this level at 92 and a half Okay, where is the aggressive vine? We don't see them here up at this 92 and a half We see them one tick lower And they're trying to lift the offer, but there's they're not taking all of the liquidity So we just kind of base sideways for a bit and right here the aggressive sellers come in Hit the bid pretty hard Hard enough to drop it about a point and a half or so Okay, and we can see that activity Okay, are we going to accept or reject down below this microstructure and we obviously accept Okay, here's our retest of it a couple times again sellers come in and take control here Okay, so that's very microstructural, but we can read it. We see it We're being very objective about it because we can see them hitting the bid Okay, and we get the overall shape of that all right, so anyway now although they This little area here shows a bit of a downtrend the overall structure. Okay a bigger picture structure is showing bullish activity Why is that because we we come down and we test? Basically where we broke from here at 90 and a half Okay, and here You can see that the lack of selling right here. Okay, also in these little areas here We don't see these big red dots taking place and pulling price down All right, basically we're looking at exhaustion. I mean there is some trading activity, so it didn't truly exhaust But this is where and I was anticipating this to when I put the volume dots on We're gonna see green dots pulling price up out of this area here Okay, now they're back in the buyers are back in they're lifting the offer And we go above this 92 and a half area right here and look at the time and acceptance And what type of volume is taking place up here? Okay, there's some selling for sure. No question but This looks pretty good here And then buyers although there's sellers here buyers step back in okay, and they certainly step back in once again here Okay, lift the offer and look for price discovery to the upside Okay, none of that is within the candlestick All right, many of you might be looking at a footprint chart And footprint charts are great. The problem is with the footprint chart is that you're not going to get these micro structures Okay, why why is that because it's just going to aggregate here in a five-minute period Okay, so you're not going to see that you're not going to understand really what unfolded here in the structure All right, and that's an advantage here that book map is is giving you all right, so that's just the volume and And that's truly reading the the tape and the order flow here. Okay. Now. Let's go back to the current market Okay, and yeah, we can see sellers taking control yet again, and now we're also breaking structure Okay, and we broke this one here and we're testing the bottom of this structure here Okay, back to our level again actually at 92 Okay, and we'll we'll get into reading this in just a sec, but it's looking like Well, I mean we get both buying and selling in here. Okay, but Yeah, it's kind of an inflection here We'll read it in just a second What I want to cover is in the current market We want to have a picture of the liquidity Okay, where a trader is lining up to buy and sell that gives a lot of insight that is your dome your depth of market Okay, so And it's here in book map. It's in the columns. Okay. I have my price ladder here And then this is right now current best-bidden offer right here with the dashed green and red lines And then this number is the last traded volume Okay, and this is my dome. Okay, so this is best-bidden offer here And then here is my depth on the bid and up to here is my depth on the offer This is your lit book. Okay, it's live This is when you see the numbers change in here. These are traders adding and pulling liquidity They're lining up to deal in this auction at these price levels And that gives us a lot of insight we start to understand like You know the pressure the intent of these traders In the auction how interested they are where the market can trade where there is liquidity What about the areas around it? We can start to read that too We can see that the you know, they kind of step it up in this little area here and it's reflected as well in the Dome here a current order book as bars only right. It's looking pretty even now. They're starting to even it out a little bit but Anyway the Snapshot of the current market activity is good the the problem with the dome is You have to remember all of this data here. Okay, this is 20 levels of data and That's a lot to to ask And those of you who are experts at reading the dome you guys already understand this quite well and You understand that you're just focusing in on the dome You're looking at these areas of liquidity how they're behaving you have to remember the price level it was at How long these guys stayed in here? What about the levels around it? Were they bidding or are they offering lower or were they? pulling liquidity and offering higher that's pretty tedious and Challenging to do over time That's where book map gives the advantage it solves that issue because we we will display the historical evolution of the dome So let's turn on the heat map Okay, and here it is. Okay, so the member when we started the webinar. We saw this wall of liquidity up here. Okay This is what gave us the insight just right in the beginning of the of the webinar and So that was here at 1030. We were testing up into it and they were interested sellers. Look at them all lined up here So let me let me cover this. All right, so These areas of the high liquidity here. We You see the numbers. Okay in this window here. This is also the current market Okay, best bid and offer right here and then the last traded volume here so the The current market window We paint the liquidity With the heat map so areas of high liquidity like 1650 contracts here at 94 Is bright white? That's because it's the highest area in the book When you see this grayscale change that is the adding and pulling of liquidity Okay, these numbers change the grayscale heat map will change Okay, where this really gets interesting and useful is all of this data here in the current market window is Projected onto the chart historically. Okay, so look at these striations in this area here Okay in the heat map that is the adding and pulling of liquidity and Where this can be really helpful is it gives us insight to The intent of these traders here at 93 and three quarters. Okay, how interested are they in trading at this level? Okay, is it fake liquidity? Do they Really don't want to trade or do they stay in the book because they do want to trade? Okay, well, we'll find out and we're coming up to test them here right now. Let's see if we can Get get back up into this area here all right and We'll see we can gauge it And what about the areas around it? Okay. Well, these guys are pulling here At 94 they seem pretty interested right now. We can see that they're staying in the book They're also staying in the book a bit higher Okay, so to be honest, this is actually showing in Just reading the intent of these traders They're staying up here if they really wanted to sell they would be offering lower Okay, or the end they would stay in the book They wouldn't pull here at this 93 and three quarters. That's giving us insight to these levels Okay in the auction Okay, that's how book map can help you here and this is showing kind of kind of bullish behavior at the moment and And look at them bidding up here On the bid. Okay, they weren't in here earlier. They were actually here and then they pulled Then they came back in here now Well right here basically and then as price moved away, they even jumped in with more liquidity And we're channeling now between these two areas of high liquidity That's where the market can sell the majority of them are up here And where they're there where their buyers down here at 91 and a half And let's zoom in a little bit Okay, so now we Have the commitment of these traders. We can see them here with the volume but we can also start to understand the The intent of the traders in the limit order book in the auction and we can read the auction Any questions? All right, so I'm keying in on something here very particular to be honest now I'm gonna right-click in this column here because I Was demoing this the other day And I didn't reset it back. I've split out the aggressive volume here This is a volume column and it's for the chart range here Okay, so if I zoom in note how the volume column reflects the data here Within the chart range and let's take off our candlestick at this point Okay So And that's good. I'd like to see that the that's the current or our chart range volume profile Then the SVP is the session range volume profile. Okay, this is from when I opened up my book map All right, so I like having to this is the way I've set it up You guys can set it up any way you like and let me show you how right-click here and You can format the column. Let's choose that And you have all these different options you can show a VWAP line, which is this white line Show the bid or the offer or and or one or the other You can show it as bars only You can show it as bars and numbers where you can just show numbers Okay, I like it as bars and numbers for my CVP and Here's where the data has been split out. Okay, because we have the aggressor so we know What it is I want to look at it as a profile So I'll deselect that and then you can see that I can also align it different ways I'll line it to the left and click close. Okay now. Let's zoom out a little bit Okay So Now I have that volume profile here for this chart range of volume Okay, and I can start to play or understand and build strategies of The volume in my chart range versus my session range Overall, there's the VWAP overall here as well and you can see the volume profile here for that for that session okay, all right, so Still has it you can see that it has a bit of a slant to the to the upside in terms of the profile but There is a little more selling starting to come in here So we're kind of that's why we're kind of basing sideways in that's what that's what it looks like to me Okay, now what about This acceptance this is where we're battling right now in the order flow Okay, let me oops. Let me click on the drawing tool and I'll show you Here's our microstructure. Here's where they hit the bid and we're coming back up to test these guys This is where it dropped from. Okay. Are the sellers still here? Well, we can answer that question emphatically Okay, at the moment they are not right So next area of liquidity is 94 Okay, so this breakdown here Is not being supported by the sellers Okay, if they were interested in selling again, this is where they would line up most likely I would I would anticipate them to line up and support maybe even here Right because that's where we see the sellers engaged. Well, that's not that that's not the case the The sellers are well, we see some selling just coming in right now Okay, so They are they are still here There's some selling involved here Okay, so They're gonna there looks like they are kind of supporting this area at the moment. Okay, they just just jumped in All right, what we need to do is we need to see a volume and acceptance above this 90 and 93 and a quarter Okay, so this is this is the more advanced type of analysis we do Starting right now to be honest I need to end this webinar and then jump into the the next now some of you are here In the platform details webinar and you are in trial so you can jump right into the next next webinar Okay, so I just click on that link to get there and we'll see you over there. Okay All right guys. Yeah, take care