 Okay, welcome to the bookmap platform details webinar. This is Bruce at bookmap start off with the risk disclaimer trading equities in futures involves Substantial risk of loss is not suitable for all investors past performance is not necessarily indicative of future results For more information you can go to bookmap.com. There's a 14-day trial Period that is free comes with education There is the bookmap educational course as well as these advanced order flow webinars which start in about half hour And we go through the details in the order flow. So you'll you'll learn not only about you know using book map in order flow what you're going to learn about order flow and Bookmap has a pretty unique way of Displaying a lot of market activity that is is really not Visible with other platforms. So we uncover that and we Explain a lot of that activity and really what's going on and how these markets actually operate And we'll go through some of that today, but we're going to go through just basics on What book map is and how to use it? and If you have any questions, you can always reach out to it to us at support at bookmap calm So let me show you bookmap Or the website here. Okay, click on explore. You drops you down into this intro page here our intro video So just a quick overview of what bookmap is and then just about bookmap scroll through here about the platform its benefits and As we continue on down There's book map for equities. So it's not just for futures. We have a pretty Powerful connection here to Nasdaq total view. You can read about it here and Bit further down connectivity. You will need one of these data providers to connect bookmap to the live markets Okay, so we also now offer multiple connectivity. So if you have CQG and rhythmic You can connect to both at the same time As well as the dev experts here for the for the equities Okay, so with that Nasdaq total view so real Nice offer or nice feature to allow that multiple connectivity So you can access quite a few number of markets Okay, a bit further down. This is where you can find the free trial under a free trial link here There's bookmap basic advanced in quant in general. There's just bookmap basic but The advanced comes with other features like the ability to trade from the chart and then these proprietary indicators That we developed and put together Okay, so it goes through reading the order flow and order book imbalances Which is Some of the transparency that you're gonna get with bookmap. So getting indications of those imbalances Okay, as well as iceberg detector Large lot tracker. So also starting to identify not only the liquidity, but the players that are Holding that liquidity All right, if you need a data feed to go along with a free trial, you can click here This will take you to a page that You can see you can get a demo of You know one of these data feeds here Good stuff there. So you get a completely free 14-day trial period of bookmap along with data If you want more information on which one which plan is the right one for you You can click here and you get a feature comparison list And some of our partners here and then our support All right Let's see social media at bookmap underscore pro I Mentioned this yesterday. So for those of you who are new in the room here This is coming out for a new version of bookmap. The heat map is going to be there's the options for coloring Okay, customize your coloring however you like To offer more insight to that liquidity. Okay, this is this is gonna be great. It'll this will come with a new version Probably end of the year Maybe the beginning of 2018 but anyway lots of different exciting new features, okay? and there's all sorts of content to Get into here as well with our YouTube page, okay, so features and components intro videos here as well as order flow video snippets Okay, if you want an understanding of Some of the content that we cover in the advanced webinars You can watch some of these videos here and they give you an overview Of some of that some of that content. We just go through it in detail in the in the live order flow webinars Okay, all right. Well, let's jump in and take a look at bookmap Okay, let's see here. It looks like I need to close down position Okay Okay, actually I ran this over last night But it's it's a demo Let me okay, let me go through a little bit of what we've been covering. All right, so This is a little bit of what we've been covering in the live order flow analysis We we noticed it was back here on Wednesday a big player All right, we knew that there was a big player in the market. Okay, and we were looking we noticed that and we When that occurs and bookmap is you know, it shows order flow Okay, but it's not just for scalping or for getting just a few points. Okay, we're looking at much bigger picture Stuff here and we noticed the the larger players In this area around 20 or 6306 Starting to absorb and get get involved in the market on the buy side Okay, and you can see what occurred here on this bigger picture Okay, and there was a nice move up out of that area We went sideways for a bit of retest of the low in the overnight session and then yesterday It was a trending day Okay, and it trended to the upside and it was reaching. This is what I'm going to cover in the next in the advanced order flow Webinar it reached the the target here of 6,350 Okay, bigger players are absorbing a little bit above 6,300 the figure and a little bit below here Okay, they absorbed all the way down and they're covering on the way up here and now you can see them they're out of the market and probably reversed and Now they're on the on this on the sell side Okay, so anyway good stuff there and we're going to go through it in some detail. All right Then let's say let's take a look here at what book map is showing us. Okay Let's see here. Oh No, that was another that was another market. I was looking at never mind but for For the NASDAQ. Yeah, that is the case here. Okay, so let's take a look at this And what's going on here in the NASDAQ? All right Okay, for those of you who are new here Just want to show you the basics of what what's going on here in book map We have a sub chart of volume here. Okay, but what is this chart telling us? Okay That it looks like it's something very very foreign to us as traders. Nothing. We're accustomed to okay But it's actually very simple and an objective market data Okay, and I'll demo it here by starting with putting on candlesticks and turning off all these other areas of Information Okay, and let's zoom out a little bit here. It's a five-minute candlestick chart. That's all we're looking at here And we can see the very quick move to the downside at the open here 930 And we see reversal all right and And we come right back up and above the highs here But we're right back down into the range now from the overnight session Okay, it's a little bit of back-and-forth right now and The problem here that I mean candlesticks, you know, we're very accustomed to bars And candlesticks, but the problem is that they're they're only showing you data of open high low close of a five-minute period All right There's all sorts of information. We really truly need here to make a much more informed trading decisions For example, where are the transactions? Okay, where did they take place? Okay, what type of transactions were they? Okay, we're just talking about the aggressor here about the volume Was it market buy or market sell? Where did it take place and and how much how much traded? Okay, that kind of insight is completely lost here and Not only that What's also lost here in this candle is We have we have just a body and wicks here on a candlestick Okay, we have no understanding of my microstructure here Okay, because it's a bar that rotates back and forth in in a period and it gives you the overall of That period. Okay, we're gonna show here that just looking at historical best bid and offer allows a lot of insight Okay, and it truly does. Okay, because we can see here looking at the candlestick if I just zoom in here Okay We start to note different patterns that are taking place. Okay. Look at this move to the downside here Okay, we see there's a candlestick pattern here and then you close above the The low here or I'm sorry a swing down below the low, but a close above the or at the Top of the wick here and that's looking pretty bullish. Okay, but look at the microstructure Okay, let me zoom in a little bit more We're starting to note a reversal pattern Beautiful little head and shoulders right here. Okay shoulder head shoulder We're gonna see the order flow shift here All right, and we're gonna understand this the price action in this In this pattern here and start to understand that the buyers are coming in and They're starting to take control of the market Okay, so just the microstructure here is giving us some pretty good insight already, all right, so Let's turn on the the volume dots Okay, and now I'm showing historical best bid and offer and I'm showing the transactions Okay, where they took place all right, and Yeah, we can we can very clearly see here And let me make these dots a little bit a little bit smaller All right, there we go Okay, well we can see here look at how they're driving price down lower. Okay the aggressor Okay, look at all of the red dots here Okay, there's some some binding here as well, but most of it is aggressive selling This is what we always see in a downtrend Okay, and we still see it down here actually Okay, so this this is gonna be pretty nice trap for a lot of the sellers. They're gonna be involved here on the sell side and Then You can you can see where the the buyers step in right here Okay, we're noticing a shift in the order flow right here Okay, now we still may get one more test to the downside here and see if there are any more sellers But we didn't we didn't hear in fact The sellers start to drive it down here But right into where the buyers initiated buying right here Okay, and So we get a retest there right and then there's no more selling Price kind of floats back up into this area here And then we can see the aggressor on the buy side starts to lift the offer All right, we come up to this swing here We go sideways for a bit and the aggressor of buyers starts to take control here and Really here is where they're dominating. Okay, so Buyers are certainly in control at this point All right, but you can see the shift here in the order flow All right, and that's just by looking at where the volume actually traded Okay, so let's zoom into that area Let's zoom into let's look zoom into the the bottom the swing here Okay, and this is actually one of the patterns that I mean it just happens again and again This is just how it works. Okay, we actually see even in this little structure here. Look at this little Micro head and shoulders here Okay, or at least, you know three three kind of tests at the bottom here Okay, I mean one this is a shoulder this is a head and this is a shoulder But it's pretty pretty equal to the head here. All right And then another example of micro structure here It's broken. Okay, and the buyers start to step in and this little structure is broken now, too All right, and this is what a book map is going to allow you to do is to understand that The buyers are in control or they start to take control here All right, and It trades outside of this little micro structure right here Okay, and price accepts and it continues to the upside and the order flow is shifted Now let me just zoom in a little bit further and I just want to show you just very very simple stuff here All right, this is just historical best bid and offer. That's that's all this is Best bid is the green line best offer is the the red line You know you can see the transactions that took place here on the historical best bid and offer Okay, these red dots these are market sells Okay, someone hit the market sell button. They took liquidity off of the best bid and a red dot is Painted on to the on the best bid here We can use the data tip tool to roll over and see exactly what traded here We see that volume of two and volume of three here Okay, and at this same level actually we can see that there was another trade that took place And this is an aggressive market buy Okay, and this and you can see that the the best bid and offer it shifted right here Okay, so let's zoom in here a little bit closer because here's what really occurred Okay, you note how we're down here at Microsecond level so millions of seconds and we can note What what really occurred here and how the best bid and offer also? Flipped here or went went a tick higher So this is your aggressive market buy that that took place on on the best offer okay volume of one and volume of one, okay, so in our our Volume profile over here says two Okay, so we know exactly what traded but as I zoom back out We visually aggregate this information together And we give you the overall understanding by the size of the dot and you can still hover over this dot And you can see this is for volume of 167 contracts Okay We can also see that the The volume dot is a pie display like these pie displays over here So what's occurring there is there's both both buying and selling and a lot of it very very quickly So to give you that overall sense of the aggressor we give it to you in this pie display And and it gives you a good good insight to the number of buyers and sellers Okay, so that's the the the traded volume in book map and There's another piece here though. That's really important And that is the auction. Okay, and that's completely lacking for most of us. We've never really seen the The auction except through the dome. Okay, the depth of market. So let's zoom into current price right now and This is the dome in book map right here Okay, the current order book. Okay in this column We have another current order book here. It's Formatted as just bars. So it's a graphical representation of the liquidity here And this is the current state of the market. Okay, best bid and offer right here At 04 it's in this window as well best bid and offer and last traded volume is this number And then we see the liquidity here the depth of the of the liquidity at these price levels These are sellers up here offering. Okay, they want to be sellers, but they're waiting They're at these specific price levels to deal. Okay, they're down here on the bid at these levels. Okay, they want to be buyers And you can see these numbers are always changing. Okay, so that's the auction that is changing Liquidity is being added and pulled all day long So the dome gives good insight here to the current state of the market The problem with the dome though is the current state Once once these numbers change these values change Then that's the new current state, but we don't know the historical state So we don't know at like 63.05 was there a lot of interest there previously You'd have to remember all of that you'd also have to remember were they bidding or offering in front of it or behind it What about on the bid were they getting aggressive on this side? So do we see shifts in that order book and the order flow? The all of these questions here. It's a lot to try to Remember in your head That that's the problem here with it with the current order book So book map solves that issue With the heat map Okay So we take these numbers these values here and with the best bid and offer the current state here in the market we give these a Numeric values here graphical representation with the heat map Okay, now and you can see that We see the grayscale changing Okay, that is the adding and pulling of liquidity And now where this gets really interesting is we take this data and it's projected on the chart historically So that's all we're looking at here is in this heat map in this data Is the historical auction? It's what happened. What's happening outside of current price? And we can see here at 6305 They were interested here earlier and then they pulled they added back in they they pulled here and they added back in etc Okay, so you can start to gauge their intent to trade at some of these levels Right and that's what the book map is is displaying here for you Okay, so if we zoom out now, we're able to extrapolate the data from the dome and Actually get a lot more information and understanding of the auction At a much higher timeframe Okay, and we can adjust the book here, too You know the cutoff To to target just you know higher liquidity areas of higher liquidity Okay, what are the larger players doing? Okay, and and and we can start to note it here. Okay, I Mean that's a little too much Okay, but look at these pockets of liquidity. Look at this behavior here on our head and shoulders pattern Okay, this is another head and shoulders here and Look at how they're bidding up here. Okay, and there's a lot of depth to the bid Here, all right, so they're there. They want to buy at a higher level Okay, and that's pretty bullish and we can see the reaction that that occurred here And we're coming up to test looks like 60 that 6305 area that we were just noting Because the market knows that there's liquidity there. It's it's attracted to liquidity We're also seeing a little bit of spoofing activity just in this view Potentially spoofing right in this little area here at 04 trying to press price down lower Okay But these traders and let's zoom into this area note how this little block of liquidity here It's a couple of ticks They jump in really quickly with high liquidity It skews the auction Okay price reacts to it and goes down to the downside here and then And then they're out of the market really quickly Okay, and the market floats back up and we just tested into the 6305 and that's what we were just looking for Okay So this this we can start to also put together and make distinctions of the liquidity types Okay, they're intent to trade here. Okay. This this is like spoofing type of activity it skews the auction we see the reaction and They're getting filled or maybe getting out of their positions in some of these lower levels or running the stops And then and then getting in or you know Their targets are still up here in these areas and they're getting there. No question about it. All right, so anyway that's what We're looking at here and we can start to now extrapolate that dome depth of market data on higher time frames and really start to piece together what's going on in the market Okay, so let's take off the candlestick Okay, and now we have a good understanding of the overall What book map is showing us here? Okay, look at the high liquidity that came in at the beginning of the day 930 here we see that well there was high liquidity here Okay in the market previously And we came right up into it at the at the 930 open Right. We got a retest of it here. They jumped in again in these areas up above And where did we go? Okay? We see high liquidity on the on the bid down here We went right to it and we actually traded through that one. No no question about it and And then looking at just higher areas here we can also see here at at 13 63 13 Okay, there's a lot of liquidity up here All right, and they're still here and they're adding into the book in the last like 15 minutes This is giving us a lot of insight Okay, and we can note that Okay, and then we can start to zoom in here and start to understand current situation Okay, and and just the recent historical data that we see here Okay, here's our spoofing type of action that we were just noting Okay Interesting stuff here, you know, this is the the same player high liquidity here here and here Because as soon as they're pull that liquidity, they're actually Offering a few ticks higher here. Okay, probably the same player up here as well Okay Anyway, once you start to understand and get a feel for what book map is displaying You're gonna start to get an understanding of the players and their behavior And that's gonna lead to an advantage for you Because otherwise you wouldn't be able to see this it would be really disguised and really tough to read in the limit order book over here All right, well anyway, that's it. That's it for today. Let's let's call it a day and For those of you who are in the advanced Well in in trial the book map trial or current customers, then I'll see you over in the advanced webinar in just a few minutes Okay. All right. Thanks for coming. Bye. Bye